Explaining the Master Data Concept in Record-to-Report
Unit 1
Explaining the Organizational Structure and G/L Account Master Data Maintenance
5 Lessons
2 hrs 15 mins
After completing this unit, you will be able to:
- Explain chart of accounts, general ledger, company code, controlling area, and their relationship
- Explain chart of accounts level and company code level of a G/L account
- Explain G/L account settings on chart of accounts level, company code level, and controlling area level
- Use reporting options to display changes made to G/L accounts
- Use G/L account maintenance with individual and collective processing
- Explain other organizational elements in financial accounting
Content
Explaining General Concepts of G/L Postings
Unit 1
Identifying the Basic Concepts of Financial Postings and Documents
3 Lessons
1 hr
After completing this unit, you will be able to:
- Explore the basic concept of postings and documents in SAP
- Explain the structure of a document in the system
- Identify some of the most relevant control elements of the record-to-report postings
- Retrieve an existing document in the most efficient way
Unit 2
Identifying Key Elements Required for Posting General Ledger Documents
5 Lessons
1 hr 20 mins
Unit 3
Performing Different Posting Procedures
4 Lessons
1 hr 25 mins
Unit 4
Analyzing and Reporting Accounting Data
2 Lessons
35 mins
Explaining Postings to Meet Reporting Requirements
Unit 1
Describing Postings to Meet Internal and External Reporting Requirements
3 Lessons
2 hrs 20 mins
After completing this unit, you will be able to:
- Describe parallel accounting functionality using multiple ledgers
- Compose a ledger-specific posting
- Create a ledger-specific financial statement
- Describe the purpose of segment reporting to satisfy GAAP and IFRS requirements
- Demonstrate the concept of document splitting and how it relates to segment reporting
- Compare the options available for splitting scenarios
- Analyze the enhanced data by using the document splitting expert mode in posting simulations and post documents
- Analyze the entry and ledger views of posted documents
- Describe the purpose of cost of sales accounting.
- Post a document including functional area
- Create a profit and loss report using cost of sales accounting.
Explaining Local Close for the General Ledger
Unit 1
Describing the Local Close Steps for General Ledger Accounting
8 Lessons
2 hrs 6 mins
After completing this unit, you will be able to:
- Describe the important steps in the month-end and year-end close
- Manage posting period variants to control the opening and closing of posting periods
- Explain the concept of accruals and deferrals
- Explain how automatic clearing is used in the general ledger
- Understand the G/L balances foreign currency revaluation process
- Understand when to use the balance carryforward program
- Apply manual adjustments
- Execute a financial statement using global hierarchies
Record of Achievement
Pass all the quizzes and receive a digital badge
Outlining the Record to Report Process in SAP S/4HANA
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