SAP Release 5.00 ECC (The latest in SAP Software)

Possibilities with the New General Ledger in 5.0 ECC

• Today, R/3 customers have to install and operate a range of components in order to meet international and/or industry-specific requirements and standards as completely as possible.
• In fact, the situation is becoming more complex, because service companies (in the public sector, insurance, and media sectors, for example) are demanding balance sheets based on additional criteria – such as grant, fund, or industry.
• Of course, the increasing importance of IAS as accounting rules is also boosting demand for better quality and modeling of segment reporting.
• What’s more, a unified solution would also be useful to deal with the requirements for fast close, Sarbanes-Oxley and reduced TCO (Total Cost of Ownership)

Fundamentals of FICO using New General Ledger Functionality

Introduction – the concept of the New General Ledger

• System configuration (activating the new general ledger, defining and deriving segments, assigning scenarios, defining customer-specific fields)
• Documents and document splitting
• Integration with Financial Accounting subsidiary ledgers and with Controlling (real-time integration of Controlling into Financial Accounting)
• Reporting (=> Using the new Financial Accounting drill down reporting function (segment reporting) and the new G/L account balance display)
• Closing operations
• Parallel valuation and the new general ledger (introduction of the ledger solution in the new general ledger and the integration of this solution into Asset Accounting)