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PHOENIX

FINANCIAL ACCOUNTING

Financial Accounting - Sep 2010

Venkata Narayana Raju


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Financial Accounting

Organizational Structure
General Ledger Accounting
Accounts Payable
Accounts Receivable
Bank Accounting
Asset Accounting
FI Integration with other modules

Venkata Narayana Raju


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Financial Accounting
Company Code and Chart of Accounts
Client :

A commercially, organizationally, and technically self-contained unit within an


SAP System. Clients have their own master records and set of tables. The
definition of he client organizational unit is obligatory.

Company Code : The company code is an organizational unit used in accounting. It is


used to structure the business organization from a financial accounting
perspective. The company code represents a legal entity for financial reporting
purposes. This means that in all the financial transactions and master data
definitions the company code must be identified.
Chart of Accounts : A chart of accounts is a complete list of all general ledger (GL)
accounts. It provides a framework for the recording of values, in order to
ensure an orderly rendering of accounting data. In SKA two chart of accounts will
be used to be able to fulfill the group reporting obligations

Operational Chart of Accounts


Group Chart Of Accounts

Venkata Narayana Raju


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Financial Accounting
Company Code and Chart of Accounts
Schneider electric

Client

Chart of accounts

ME01

Company code

KSA1

Venkata Narayana Raju


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Financial Accounting
Company Code and Credit Control Area
Credit Control Area : Credit control area is an organizational unit that represents the area
where customer credit is awarded and monitored. One credit control area contains
credit control information for each customer. Credit management takes place in the
credit control area. We can have many to one relationship between credit control area
and company code, For KSA credit control area is KSA1.

Credit control Area

Company code

Sales Organization

KSA1

KSA1

Sales org

Venkata Narayana Raju


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Financial Accounting
Asset Accounting company code
Chart of accounts
KSA1

Chart of Depreciation
KSA1

Financial Accounting Company


Code KSA1

+
Data for Asset Accounting

Asset Accounting Company


Code

Venkata Narayana Raju


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Financial Accounting
Financial accounting organizational structure
Schneider Group
Credit Control Area KSA1
Chart of accounts ME01

Chart of Dep. KSA1

Company Code (KSA1)

Venkata Narayana Raju


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Financial Accounting
General Ledger Accounting

Financial Accounting
General Ledger Process Overview

Master data
Transaction data
Account analysis & Reconciliation
Periodic processing
Reporting

Financial Accounting
Master Data
Account Groups
Maintenance
Creation at 2 Levels
Chart of Accounts Data
Company Code Data
Change
Block
Delete
Cost Elements
Creation

Financial Accounting
Account Groups
Cash & Bank

10100000

10299999

Stock Accounts

14000000

14999999

Current Assets & Receivables

12000000

13999999

Fixed Assets

16000000

16999999

Revenue

40000000

49999999

Expenses

50000000

59999999

Liability and Equity

21000000

35999999

99999999

General Ledger Accounts

Financial Accounting
GL Master Data
Chart of Accounts

Account group
PL / BS Item
Long and short description
Group Account number

Company Code

Account Currency
Field status group
Line item management
Open item management
Sort key

Financial Accounting
Blocking of GL accounts
G/L Accounts are blocked at two levels
Chart of Accounts level
Company Code level

In Chart of accounts you block


A master from creating in the Company Code
An account for posting

In Company Code you block

An account for posting

Financial Accounting
Cost elements of chart of accounts
Chart of Accounts KSA1
Financial Accounting

1
Assets

1
Current
financial
assets
and
shortterm
capital

2
Liabilities

3
Equity

Expense Revenue
accounts

NonMaterial
Revenue
operainventory Primary
cost
elements
ting
elements
costs,
revenue

9
Secondary
cost
elements

Controlling

Financial Accounting
Transaction Processing
SAP R/3 supports the following ttransactions:

Journal (JV) Processing


Foreign Currency documents
Parked documents
Posting with Reference
Reversing / Canceling documents

Financial Accounting
Document posting
Create G/L
account posting

Create G/L Posting


Fast Entry

Post Manual
Journal

Holding an incomplete
document
Simulate
(Enough Info
to Complete Posting?)
Yes
Posted Entry

No
Create/Display a Parked
Document

Post/Release a
Parked Document

Financial Accounting
Account Analysis

Display account balance


Display line items
Account analysis
Clearing accounts

Financial Accounting
Account balance and line items
Without line item management

With line item management

Financial Accounting
Open item transactions
1

3
You can only
clear open items
for accounts that
are open item
managed.
The balance of an open item managed
accounts are the reconciliation items.

Financial Accounting
Closing in operations in GL

SAP R/3 supports the following transactions:

Open and close periods


Clear open items, both manually and automatically
Create, maintain and process accrual/deferral transactions
Recurring Entries
Enter Exchange rates
Revalue balances in foreign currencies
Reconciliation of documents with monthly debits & credits
GL,AR and AP balance carry forward for any discrepancies in opening
balances transferred.
GR/IR clearing

Financial Accounting
Financial Reporting
SAP system offers number of reports that help analyzing
entered business transactions:

Financial Statement Version (Balance Sheet and P&L)


Account Balances
Line Items
Documents
Master Data

Report can be:


Printed out directly to the printer,
Saved as a local file (txt format, Excel file etc.)
Sent by e-mail

Financial Accounting
Financial Statement Version
Financial Statement Versions are set up to represent the
balance sheet and P+L statement according to your own
specific requirements
Can be created for different legal entities
Can be created in different Languages
Are executed in desired currency i.e. Local, Group

Using the Financial Statement you specify


Line items to be included in the Financial Statement
Sequence the line items are displayed
The COA and the accounts that are displayed in the Financial
Statement
The totals that are presented on the Financial Statement

Financial Accounting

SAP FI
Accounts Payable

Financial Accounting
AP Process Overview
Sub Processes

Master Data
Invoice Processing
Payments / Disbursements
Account Analysis / Reconciliation
Periodic Processing
GR/IR Clearing
Reporting

Financial Accounting
Master Data
General data
Client
4000

Address
Control data
Payment Transactions

Company Code data


Company
Code
KSA1

Account Management
Payment Transactions
Correspondence

Purchasing Organization
Purchasing
Organization:

Purchasing Data
Partner functions

Vendor
Master

Financial Accounting
Vendor Account Group
Local Vendors
Group Vendors
Foreign Vendors
Employee Vendors
One Time Vendor Group

Financial Accounting
Blocking Vendor Account
Blocked for posting
Company code
Blocked Centrally
Purchase organization level

Marked for Deletion: Inactive vendors can be marked for


deletion and can be archived latter.

Financial Accounting
One time vendor account
We use One-time Vendor Master Record to avoid large
number of unnecessary master data
Every time we enter a business transaction, the systems
stores the specific Master Data information separately in
the document

Financial Accounting
Posting Non PO Vendor Invoice

OR

Document
Simulation

Financial Accounting
Invoice with PO reference
RM Inventory
1.

1. Goods received.
2. Invoice received.
3. Vendor paid.

GR/IR
2.

1.

Acc. Payable
3.

2.

Bank
3.

Financial Accounting
Vendor Down Payment

Special GL Transactions allow the user to post the values


to an alternative GL account instead of normal Vendor
reconciliation account.
We can still access and clear down payment while clearing
the vendor account.
Down payments are represented in system by down
payment indicator, For KSA we have indicator K for all
supplier down payment and E for employee vendor down
payment

Financial Accounting
Foreign Currency posting and valuation

For every Company Code theres defined a company code currency,


Every document, posted in different currency than CC currency, is
processed as a foreign currency document.

Vendor Invoice

100 USD @ 1 USD = 3.5 SAR (Amount in SAR 3500)

Foreign currency valuation during month end 1 USD = 3.73 SAR (Amt in SAR 3730)
Valuation loss/Gain Dr/Cr

230

To Balance Sheet Adj.account Dr/Cr

230

At balance sheet key date Valuation gain or loss is posted and reversed after the key date.
Actual forgiven currency gain is posted at the time of vendor payment.

Financial Accounting
Planned delivery cost

Planned delivery costs are entered at item level in the purchase order.
E.g. Fright Costs
Delivery costs can be invoiced in the following ways:
Fixed amount, independent of scope of supply
Quantity-dependent amount
Percentage of value of goods to be delivered

Financial Accounting
Credit Memo

You usually receive a credit memo from a vendor if you were


overcharged.
A credit memo can be entered with reference to a purchase order or a
goods receipt.
If you enter a credit memo for a purchase order item because the
vendor has invoiced you at too high a price, you must post the credit
memo as a subsequent debit/credit. The total quantity invoiced for the
purchase order item remains the same; the total value invoiced is
reduced.

Financial Accounting
Purchase
order 123
100 pcs 10 INR/pc

Credit Memo
80 pcs

800 INR

30 pcs

300 INR

Goods Receipt: 50 pcs

Purchase
order 123
100 pcs 10 INR/pc

Subsequent
Credit
50 pcs

800 INR

50 pcs

300 INR

Financial Accounting
Outgoing Payment/Vendor Payments
Manual Payment
Automatic Payment run

Financial Accounting
Manual Payment
Open items

This transaction is being used to post vendor outgoing payments


that have not been cleared by the automatic payment program,
All data on one screen, no posting keys required.

Financial Accounting
Automatic payment Overview
Invoices, Credit
Memos,
Payment
Requests

Automatic
Payment Run

Yes

Create Pay. Run &


maintain
Parameters

Schedule
Proposal

No
Post Outgoing
Payment With
Printout

Proposal
List

Checks /
Transfer
Approval

Edit Proposal

Send transfers
to Banks and/or
checks to
Vendors

Propos
al
Approv
al

Schedule
Payment

Print Payment
Medium

Financial Accounting
Payment program steps
Maintain Parameters
Parameters are entered

Schedule Proposal
Payment proposals are created

Edit Proposal
Payment proposals are edited

Schedule Payments
Payment run is carried out

Schedule Printing
Print cheques or bank transfer forms

Financial Accounting
Payment Run
Clear paid open
items

Post payments to
general ledger

Post related postings


for discounts

Payment
Run
Supply print program
with necessary data

Post related postings


for exchange rate
differences

Financial Accounting
Account Analysis and Reconciliation
Account balance & line item display
Account Clearing

Financial Accounting
Account Balance Display

Account balance displays totals of transactions, per month as well


as cumulative values
The report may be printed or saved as a local file

Financial Accounting
Line item Display

Line items report displays particular transactions,


It it possible to change the documents directly from this screen,
The report may be printed or saved as a local file

Financial Accounting
Open Item Clearing
2
Febru
1 2 3 4 5 6 7
ary
8 9 1011121314

Open item account

Januar
1 2 3 4 5 6 7
y
8 9 1011121314

2,000 5,000
3,000

16171819202122
23242526272829
293031

Invoice

16171819202122
23242526272829
293031

Goods receipt
Can be cleared

3
Clearing an
account

Post with
clearing

Financial Accounting
Manual Clearing
1
2

Invoice
Credit memo

1000
1000

Clearing account
1

1000

1000

Financial Accounting
Accounts
xxxxxx
-------------------------------

xxxxxx
-------------------------------

xxxxxx
-------------------------------

xxxxxx
-------------------------------

Automatic clearing
program

Recon acc. 160000


Ref no.
Amount
5287
5287
5287

5000 7000 12000 +

Ref no.

Amount

425
425

2500 2500+

Clearing
document

Recon acc. 160100


Ref no.
Amount
16978
16978
16978

Clearing
document

Ref no.
9624
9624

Clearing
document

1500 3200 4700 +

Amount
7500 7500+

Clearing
document

Financial Accounting
Invoice Variances AP-MM Integration
Quantity

Goods
Receipt

Price

Vendor Invoice

Purchase order
price quantity
Date

The system carries out the following checks for each


invoice item:

Quantity variance
Price variance
Purchase order price Quantity
Date variance

Financial Accounting
Quantity variance
Purchase
order

100 pcs
@ 10.00 USD

Goods
Receipt

Invoice

80 pcs
@ 10.00 USD

50 pcs

Goods
Receipt
30 pcs

The GR/IR clearing account is cleared for a purchase order item when the
delivered quantity and the invoice quantity are the same.
In this example the invoice quantity is greater than the delivered quantity, the
system expects another goods receipt.

Financial Accounting
GR/IR Clearing
GR/IR holds values for goods in transit or invoice in transit
During moth end GR/IR balance should be transfer to Invoice in transit or goods in transit
account
Debit balance in GR/IR account indicate Invoice received but not goods and credit balance in
account indicate goods received but not invoice.

GR/IR Debit Balance

GR/IR Credit Balance


1000

1000
Invoice in Transit A/C
Goods in Transit A/C

1000

1000

Financial Accounting
Reporting
Standard Reports

Open Items List


Cleared Items List
Account List
Account Balance List
Vendor Evaluations

Financial Accounting

SAP FI
Accounts Receivable

Financial Accounting
AR Overview

Master data
Credit management
Invoice processing
Cash receipts
Account Analysis\Reconciliation
Periodic processing
Reporting

Financial Accounting
Master Data
Client
400

General data

Address
Control data
Contact persons

Company Code data


Company
Code
KSA1
A Ltd

Account Management
Payment Transactions
Correspondence

Sales Area data


Sales Organization

Sales
Shipping
Billing document
Partner functions

Customer
Master

Financial Accounting
Customer Account Groups
Local Customers
Group Customers
One time customers

Financial Accounting
Credit Management
Credit Management can minimize the credit risk by
defining specific credit limits for your customers
You can specify your own automatic credit checks based
on a variety of criteria
You can also specify at which critical points in the sales
and distribution cycle (for example, order entry, delivery,
goods issue) the system carries out these checks

Financial Accounting
Credit Limit: Credit limits are fixed for customers in credit control
area.

Credit Exposure:

Open orders
Open deliveries
Open billing documents
Open items (accounts receivable)

Financial Accounting
Invoice processing in SD

Financial Accounting
Invoice processing in FI

Document
Simulation

After entering the document it is


possible:

To post it immediately
To park the document
To hold the document

Financial Accounting
Terms of Payment

0001 - Payable immediately


ZB30 - Within 30 days due net
ZB60 - With in 60 days due net
ZB90 - With in 90 days due net
Terms of payment are arrangements made with a
Customer governing financial settlement with respect to
goods supplied and services performed, e.g. cash on
delivery, payment within 30 days.
Within payment terms, cash discounts and periods
allowed for payment are defined.

Venkata Narayana Raju


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Financial Accounting
Special GL Transactions: Definition

Special GL Indicator

Customers
reconciliation
accounts

Accounts defined for


Special GL
Transactions

Special GL Transactions allow the user to post the document to an alternative GL


account instead of normal Customers reconciliation account,
They are defined in Customizing for Customers and Customers reconciliation
accounts.

Financial Accounting
Posting down payment
Customer A/C

(A) 100

Bank A/C

100

GL Down payment A/C

100

The Customer pays A Ltd a down-payment: $100


The down payment is booked on Customers account with Special GL indicator
The amount of $100 is shown on Customers account, but on different GL Account,
instead of Customers reconciliation account

Financial Accounting
Posting in Foreign Currency
Local currency

- Functional currency of the company code

Document currency - Currency of the document

For every Company Code theres defined a company code currency, i.e., SAR for
KSA.
Every document, posted in different currency than company code currency, is
processed as a foreign currency document.
Accounting documents can be posted in a foreign currency
The foreign currency is converted to local currency and both are stored in the
document along with the exchange rate

Financial Accounting
Cash receipts and payments
Incoming payment
Clear Customer Account

Financial Accounting
Account analysis and reconciliation
Business Transactions included in Process:
Display Customers account balance and line items
Clear outstanding items on Customers
Post Customers documents with clearing
Perform automatically clearing procedures
Reverse documents

Financial Accounting
Periodic activates

Customer open item statement


Customer open item list is printed form SAP with list of all
customer open items on key date, items due by key date.

Financial Accounting
Reporting in AR
SAP system offers number of reports that help analyzing entered
business transactions:

Open Items List

Cleared Items List

Customer account balance

Account Balance List

Customised Reports:

DSO

Report can be:


Printed out directly to the printer,
Saved as a local file (txt format, Excel file etc.)
Sent by e-mail

Financial Accounting

Bank Accounting

Financial Accounting
Bank Accounting Overview

Bank Master data


Payment processing
Bank Statement
Cash Journal
Cash Journal Posting & Reporting

Financial Accounting
Bank Master Data
There are two main factors to be considered while managing bank
accounts in SAP system:
House banks
Bank accounts

House Bank: For every company code we need to define its house
bank. These are an equivalent of the real banks that the company
operates with.
BNP Paribas
Societe generale
Banque Saudi Fransi
Saudi Brithish Bank

For every house bank there are defined one (or more) bank accounts
-these are simply our bank accounts per house bank.
Banque Saudi Fransi SAR Account
Banque Saudi Fransi USD Account
Banque Saudi Fransi EUR Account

Financial Accounting
The bank account data contains:
Account number at bank
GL account which reflects posting
Account currency

For each bank account, a G/L account must be created. This G/L account is
assigned to the bank account and vice versa. Both accounts have to have the
same account currency

Financial Accounting
Bank Account in the SAP system

Bank GL accounts - master data

House bank
Account number
Account ID

Account ID
Bank Account number
at the house bank

Financial Accounting
Bank Master records
in the bank directory
Client Level

Bank details in
customer / vendor
master records
Client Level

Country Bank Key

Country Bank Key

Address data

Address data

Swift code

GL Account

Financial Accounting
Payment Processing
Check: The check lots for KSA will be defined in the system by check
number ranges so that the checks written to the third parties will be
traced and cheques will be printed on pre-printed stationary.

Bank Transfer: Once payment proposal is created based on priority


payment will be released from the bank and payment orders are
posted. Payment transfer forms can be printed from system and
submitted to bank.

Financial Accounting
Bank Transactions
Respective Bank account will be debited or credit at the time
of payment and receipt of payment.
At Payment:
Vendor Account Dr
To Bank Account Cr
At Receipt of payment:
Bank Account Dr
Customer Account Cr

Financial Accounting
Bank Statement upload
On periodic basis bank reconciliation is performed and
necessary entries are passed to update the bank ledger.

Financial Accounting
Cash Journal
The cash journal supports posting of cash receipts and
payments. You can:
Have a separate cash journal for each currency
Post to customer, vendor and general ledger accounts
Use business transactions (instead of usually required postings keys
& accounts) to post the data, Define your own business
transactions.

Financial Accounting
Cash Journal posting and Reporting
Switch to the relevant transaction type:
Cash receipts
Cash payments

Enter all required data in transaction Amount


Account (Vendor, Customer, Bank and others)
Save or Post your transaction
Print cash journal document

Financial Accounting

Asset Accounting

Financial Accounting
Asset Accounting Overview

Asset Accounting Sub-Ledger


Asset Class
Chart of Depreciation
Master Data
Acquisitions
Retirements
Depreciation
Transfers
Period end closing
Reporting

Financial Accounting
Asset accounting as sub-ledger

Asset Accounting is a subsidiary ledger of Financial Accounting.


The appropriate General Ledger accounts are updated each time
you post.
General
GeneralLedger
Ledger
Assets
Assets
1000

Asset
Assetaccount
account
1000

Liabilities
Liabilities
1000

Vendor
Vendor
1000

Financial Accounting
Asset Class

Asset Classes are used to:


Sub-classify general Ledger account
Group Assets based on needs of business
Number Ranges of Asset Classes

The assignment of default values when creating assets


(particularly depreciation terms)

Financial Accounting
Asset Class List
LEASEHOLD IMPROVEMENT
BUILDINGS
BUILDING EQUIPMENTS
ASSEMBLY EQUIPMENT
WAREHOUSE EQUIPMENT
CONTROL EQUIPMENT
PACKING EQUIPMENT
METALSHOP EQUIPMENT
PAINTING EQUIPMENT
HANDLING EQUIPMENT
TRANSPORT VEHICLE
OFFICE FURNITURE
DESIGN OFFICE EQUIPMENT
OFFICE EQUIPMENT
HOUSING FURNITURE
COMPUTER EQUIPMENT
CAPITAL LEASES
ASSETS IN PROGRESS

Financial Accounting
Chart of Depreciation
You will generally need values for fixed assets for various business and
legal purposes (for example, for book depreciation, cost-accounting
depreciation and so on). In the R/3 FI-AA system, it is therefore possible
to manage values in parallel in different depreciation areas.
Chart of Depreciation for KSA is KSA1

01 Depreciation is created for local reporting

Financial Accounting
Asset Master Data
When you create the asset master record, you have two options:
Use the asset class, to which the asset will belong, to provide default
values. The asset class then supplies the most important control
parameters in the asset master record.

Use an existing asset as a reference for creating the new asset master
record.

Some information in the asset master record can be managed as timedependent data. This is of particular significance for cost accounting
assignments (for example, cost center, order, project).

Financial Accounting
Asset Acquisition
Acquisition with vendor without PO reference
Asset Account
To Vendor Account

Dr
Cr

Acquisition through MM (PO)


Goods Receipt:
Asset Account
GR/IR Clearing account

Dr
Cr

When Invoice is posted:


GR/IR account

Dr

Vendor Account

Cr

Financial Accounting
Depreciation posting
Depreciation is posted to all assets in system on monthly
basis. Following entries are posted by the system during
depreciation run.
Depreciation Exp A/C
To Accumulated Dep.A/C

Dr
Cr

Financial Accounting
Elements for depreciation calculation
Depreciation is calculated according to the depreciation key in
the asset master. The most important influences on the
calculation of depreciation are:
The value date of the document. It is used to set the
depreciation start date in the asset.
The depreciation key.
The depreciation calculation method is the most important
feature of the internal calculation key. It is used to carry out the
different types of depreciation calculation.

Financial Accounting
Asset Retirement
Retirement without customer:
Asset Account
Cr
Acc.Dep
Dr
Clearing Asst.Sale Dr
Gain/loss Asst.Sale Dr/Cr
Receipt of Cash for Asset Sale:
Bank Account
Dr
Asset Clearing A/C Cr

Retirement without Revenue (Scrapped):


Asset Account
Acc.Dep
Loss Asst.Sale

Cr
Dr
Dr

Financial Accounting
Asset Transfer
Transfer within company code: From one asset class to
another asset class

Financial Accounting
Period end closing

Depreciation is posted during month end


The fiscal year change program opens new annual value fields for
each asset.
The earliest you can start this program is in the last posting period of
the old year.
You have to run the fiscal year change program for your whole
company code.
SAP provides you with a check report for year-end closing. It checks
whether the fiscal year change was completed for all assets, whether
depreciation was fully posted, whether errors exist for any assets.
If the program finds no errors, it updates the last closed fiscal year for
each depreciation area.

Financial Accounting
Fixed Asset Reporting
Standard reports are available in SAP for reporting and
evaluation purpose.
Key reports:
S_ALR_87011981: Asset List by Asset Class
S_ALR_87011979: Asset List by Cost Centre
S_ALR_87011963: Asset Balances by asset number
S_ALR_87012075: Asset history
S_ALR_87012026: Depreciation Current Year

Financial Accounting
FI Integration with other modules
Goods Receipt:
Inventory Raw Material (IG/OG)
14003020/21
GR/IR Account
14003010
Freight Clearing
14004016
Invoice Receipt:
GR/IR Account
Dr
Vendor Account
Cr
Freight Invoice:
Freight Clearing Dr
Vendor Account
Cr

Dr
Cr
Cr

Financial Accounting
Issue of Raw materials to production:
Consumption IG/OG
Dr
50006151/52
RM IG/OG
Cr
Receipt of Semi Finished stock (In-house production)
Stock SF
Dr
14003030/31/32
Change in stock SF
Cr
40006232
Reception of Semi Finished stock from (Sub-con vendor)
RM Consumption
Dr
Stock IG/OG
Cr
Sub-con services
Dr
GR/IR
Cr
Stock SF
Dr
Change in stock SF
Cr

Financial Accounting
Issue Semi-finished stock to production:
Consumption SF
50006153
Stock SF
14003030/31/32
Receipt of Finished goods from Production:
Stock FG
14003060/61/62
Change in FG
40006235
Delivery of Finished goods (Products)
COGS Product (PRD/EQP/ST.EQP)
50006170/6150
Finished goods PRD
Cr
14003060/61/62
Goods Delivery from Project:
COGS EQP/STD EQP
Dr
50006154
Finished goods EQP/STD EQP
Cr

Dr
Cr

Dr
CR

Dr

Financial Accounting
Free of Charge Delivery:
COGS Samples
Dr
50006242
Stock SF/FG
Cr
Goods Delivery from CS without billing:
Material Warranty Dr
50006143
Stock Account
Cr
All stock accounts materials including raw materials.
Goods Delivery from CS with billing:
COGS-Product/EQP/STD EQP
Dr
50006170/6150/6170
Finished goods Stock
Cr
All materials including raw materials can be sold to customer

Financial Accounting
Stock Taking Variance:
Stock take variance
Dr/Cr
Stock account
Dr/Cr
Initial stock upload:
Stock account
Dr
Stock Upload Account
Cr
Work in progress:
Change in WIP
Dr
WIP
Cr
Project system Result analysis:
Revenue Deficit/Excess
Unbilled Revenue/Excess Revenue

Cr/Dr
Dr/Cr

Financial Accounting
Special GL transactions
Customer down payment request
Advance from customer
Advance to vendor
Guarantee letters Received
Guarantee letters Issued

Financial Accounting

Thank You