Defining and Assigning Accounting Principles

Use

For data to be posted automatically to your parallel ledgers, you have to make various settings for the accounting principle and the valuation areas in the different application components.

Prerequisites

You have defined your ledgers and ledger groups.

Note Note

For more information, see Making Settings for Ledgers .

End of the note.

Procedure

Make settings in the following application components:

Financial Accounting (FI)

In the Implementation Guide for Financial Accounting (New) , choose Start of the navigation path Financial Accounting Global Settings (New) Next navigation step Ledgers Next navigation step Parallel Accounting End of the navigation path

  1. Define Accounting Principles

    Specify your parallel accounting principles.

  2. Assign Accounting Principle to Ledger Groups

    Assign the accounting principle whose values are to be posted to the parallel ledger to the corresponding ledger group .

  3. Assign an accounting principle to the valuation area of General Ledger Accounting. (You have already assigned this accounting principle to a ledger group under point 1.)

    In the Implementation Guide for Financial Accounting (New) , choose Start of the navigation path General Ledger Accounting (New) Next navigation step Periodic Processing Next navigation step Valuate Next navigation step Assign Valuation Areas and Accounting Principles. End of the navigation path

    Note Note

    To portray parallel accounting via additional accounts or parallel ledgers, you may have to make additional settings for the individual functions. For more information, see Parallel Accounting in Financial Accounting .

    End of the note.

Asset Accounting (FI-AA)

  • Assign a ledger group to each posting valuation area. Assign the ledger group that contains the leading ledger to the leading valuation area 01. You do not have to assign accounting principles.

    Note Note

    For more information about the settings in Asset Accounting, see Parallel Accounting in Asset Accounting .

    End of the note.

Corporate Finance Management (CFM)

  • In the Implementation Guide for Corporate Finance Management , choose Start of the navigation path Transaction Manager Next navigation step General Settings Next navigation step Accounting Next navigation step Organization Next navigation step Assign Accounting Codes and Valuation Areas. End of the navigation path

    On the detail screen, you assign the relevant accounting principles to the valuation areas of CFM.

    Note Note

    To portray parallel accounting via parallel ledgers, you may have to make additional settings for the individual functions. For more information about the settings for parallel accounting in CFM, see Settings for Parallel Accounting .

    End of the note.

Controlling

  • Specify the accounting principles for goods in process and results analysis.

    1. Goods in process:

      In the Implementation Guide for Controlling , choose Start of the navigation path Product Cost Controlling Next navigation step Cost Object Controlling Next navigation step Product Cost by Order Next navigation step Period-End Closing Next navigation step Work in Process Next navigation step Define Posting Rules for Settling Work in Process End of the navigation path .

    2. Results analysis:

      In the Implementation Guide for Controlling , choose Start of the navigation path Product Cost Controlling Next navigation step Cost Object Controlling Next navigation step Product Cost by Sales Order Next navigation step Period-End Closing Next navigation step Results Analysis Next navigation step Define Posting Rules for Settlement to Financial Accounting End of the navigation path .

    Note Note

    For more information, see Parallel Accounting in Controlling .

    End of the note.

Materials Management