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Variant used to define the fiscal year for the used

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Unformatted text preview: Used to define the fiscal year for the Used company company – Standard year = 12 periods – Special periods = up to four Allow additional closings of the books during Allow or at the end of the year or Quarles: Flya Kite 8 Credit Control Area An organizational unit or area of An responsibility created to control customer credit limits customer A company code is assigned to one company and only one credit control area and Multiple company codes can be assigned to one credit control area to Quarles: Flya Kite 9 CLIENT CHART OF ACCOUNTS FLCH CREDIT CONTROL AREA = FLKT COMPANY CODE FLKT Quarles: Flya Kite 10 Master Data Describes items or objects used in a business such as accounts, materials, vendors, customers x The information usually remains unchanged over an extended period of time x Each master data record is unique in name or number x Quarles: Flya Kite 11 FI Master Data MASTER DATA GL GL AP AR G/L ACCOUNTS VENDORS CUSTOMERS Quarles: Flya Kite 12 G/L Master Records A master record must be created for every G/L account – Business transactions are posted to G/L accounts – Line items are displayed by G/L account Account number 10000_ _ _ Bank Account Account number 20000000 Accounts Payable Quarles: Flya Kite 13 G/L Master Records Chart of Accounts Chart information information – G/L account number G/L number – G/L account name G/L name – Account type: Balance Account type Balance sheet or Income Statement Statement – Account group: Info that Account group Inf...
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