SAP Financial Accounting

SAP Financial Accounting

this is a recording of the financial exercise which is the first exercise under financials we have mentioned before that financials is actually integrated into majority of the modules within si P because every single module deals with money somehow either at the beginning or at the end so you are either buying or selling or incurring cost and assigning that cost to a particular unit or what we call cost center within the

organization so we'll start with the first exercise and in this exercise you will have to do some setup before you can actually post transactions to the general ledger so the first exercise ask you to create a new bank account in the general ledger so we'll go under accounting financial accounting general ledger master records general ledger accounts and individual processing and central now you have to understand the general ledger has certain accounts in there where

each of these accounts is is used in order to record a specific transaction so the fact we are that we are under general ledger to create a bank account we'll have to go to master records you you understand of course that the bank account is part of the master data which means it continue to exist within the system from one cycle to the next you do not erase that information you reuse it same

like the vendor or the customer or material so bank account is part of the master data and you would create the bank account under the general ledger so click on centrally and now you your general ledger account would be one zero then three numbers mine are zero zero zero and five now the zero zero zero will be replaced with your GBI number the last three digits of your GBI number your company code since

we are operating in the u.s. will use the u.s. remember that there are two subsidiaries under GBI we have the u.s. zero zero and we also have the one in germany ah we will copy data that already exists in another Bank and into this Bank so instead of filling refilling data for that particular new bank account you will copy the information from an already existing bank account so they ask you to go under

general ledger account and to create to choose create with reference and the general ledger account that you are copying from is one and five zeroes and it is under the company called us zero there also it is also in in in in the US you're asked to make sure that they're kept group is liquid assets since my bank account will hold cash cash is considered to be a current asset or what we

call a liquid asset that means it can easily you use to buy materials not the same like land or machinery that are considered to be fixed assets why are they cool fixed assets because it takes time for you to convert them into actual cash the liquid asset or the bank account is considered to be a balance sheet account remember...

See more here: https://www.youtube.com/watch?v=nyILyO_Gif8

sap accounting tutorial

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SAP Financial Accountingthis is a recording of the financial exercise which is the first exercise under financials we have mentioned before that financials is actually integrated into majority of the modules within si P because every single module deals with money somehow either at the beginning or at the end so you are either buying or selling or incurring cost and assigning that cost to a pa...