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Hi Tarun
Let us handle your statements, point by point.
1. Yes , you are right. A general ledger account group is considered as a
parent of the general ledger master records to be created and creation of
general ledger account group is a way of organizing the general ledger
accounts based on similarity of properties and functionality. It also helps
in organizing the numbers to be allotted to the general ledger master
records that would be created.
2. All accounts ( assets, liabilities, expenses and revenues ) which are
reportable for statutory / internal requirements are fundamentally
categorized as belonging to one of the two basic financial statements a.
balance sheet and b. profit and loss account. All assets and liabilities
belong to the balance sheet whereas expenses and revenues belong to the
profit and loss statement. Now try to figure out the answer by yourself for
your point number 2, please.
3. I am unable to comprehend what you mean by account group and group chart
of accounts having a relationship with configuration. An account group (
please refer to point number one ) is a parent of the master record and
organizing the same is a configuration activity. Group chart of accounts is
another chart of accounts created with a specific
purpose.......viz.consolidating similar details from various company codes
for corporate level reporting and this needs to be configured too.
4. I am not too sure if you have correctly understood the concept of field
status group and account group. Each one has a different purpose and a
different function to perform. While account group is closely related to
master records, field status group is related to the way in which fields
behave during transaction posting.
Please excuse me my saying so.......But then , I want to be honest to
you......Your point number 2 indicates that it would be a wise idea for you
to strengthen your accounting skills by making your accounting fundamentals
stronger if you really want to learn SAP the right and easy way. I would
suggest that your gaining expertise over accounting first before moving to
learn SAP could prove to be more beneficial to you.
However, I appreciate your willingness to learn and I wish you success in
your endeavor. It is just that ......do it the right way and in the right
order so that you can learn better.
Regards
VidhyaDhar
| | | ---------------Original Message---------------
From: Tarun Mathur
Sent: Monday, December 05, 2011 5:47 PM
Subject: Define Account Group
Dear Friends,
Can someone please provide me some clarity on the following
1) To my mind Account Group should be defined before creating the G/L accounts as this will also help in specifying number ranges to different types accounts such as Balance sheet (Assets/Liabilities), Expense accounts, P&L accounts, Liquid Funds accounts, Revenue accounts, Interest accounts and so on....
2) Is Expenses accounts and P&L accounts different
3) Does Accoung group and Group Chart of Accounts have any relation in configuration or any other way
4) Field Status Group and Account Group are inter-connected - which is at a higher level among them - I guess that we can change the Individual Field status Group separately and from Account Group also
Thanks |
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