SPRO path for Company Creation – OX15

Note – Company code is different from Company

Detailed description of Company code

We create company from the following menu path of “SPRO” t-code:

Enterprise Structure – > Definition -> Financial Accounting – > Edit, Copy, Delete, Check Company

OX15
Code.There are two options to create company code:
Copy from other company code (or from SAP standard company code)
Create from the scratch
SAP recommends that we copy a company code from an existing company code. The advantage is SAP will also copy the existing company code-specific parameters. Then we can change certain data in the relevant application if necessary. This is much less time-consuming than creating a new company code.

Check out the video to create from scratch http://www.youtube.com/watch?v=Od7fSxnJ1ro

Company code configuration

Use of company code in SAP

This is used for the consolidation purposes in SAP

Creation of a company is optional in SAP and is mandatory if ECCS is used

Company is used in ECCS( Enterprise Controlling Consolidation System) Module of SAP for consolidation purposes

Company can be assigned to one or more company codes

What is Company Code?

Company Code is a unique four alphanumeric characters that represents an independent and legal accounting entity. It’s the smallest and minimum necessary organizational structure in SAP that required by law to provide a set of financial reports (such as Balance Sheet and Profit/Loss Statements). In the real world, a company code can be a company of a corporate group. In an SAP client, there can be one or several company codes. The general ledger is kept at company code level. For consolidation process in SAP EC module, a company code must be assigned to a company. A company can comprise one or more company codes.

With SAP FI module, we can generate the financial reports of a company code. A company code’s financial reports are used for external purpose, such as for external auditors, shareholders/stock exchange commission, tax office, etc.

Company code is one of the two main organizational units of SAP FI module. The other one is Business Area. Business areas are used for internal purpose, such as for company’s management. Business areas represent separate areas of operation within one or some companies. With business areas, for example, SAP can generate financial reports of a specific regional area of a company.

Let’s say ABC company has one company code in USA (and several company codes in the whole world). With company code, SAP can only generate one set of financial reports for USA office. But, with business areas (depends on how it configured), SAP can generate sets of financial reports per state in the USA. By doing so, the management can analyze the performance of each branch in each state better. It gives more useful information that can be used in decision making process. The use of Business Areas is optional in SAP FI module.All SAP transactions that have impact to the financial reports from all SAP modules (such as FI, MM, HR, etc) will generate accounting journals in company code’s general ledger.

The transaction can determine the company code involved either from the user input for the company code (such as in FI module) or from other organizational unit that related to the company code (such as in MM module, company code can be determined from the plant that input by user).

In MM module (Logistics), each plant must be assigned to a company code. A company code can have several plants.

A plant can also be assigned to a business area. A business area can be assigned to several plants.
Material valuation can be set at company code level or plant.

SAP FICO Company code configuration
SPRO path for company code creation

In short :
This is used for the consolidation purposes in SAP
Creation of a company is optional in SAP and is mandatory if ECCS is used
Company is used in ECCS( Enterprise Controlling Consolidation System) Module of SAP for consolidation purposes
Company can be assigned to one or more company codes
Creation of Company SPRO > Enterprise Structure > Definition > Financial Accounting >
Maintain Company
OX15

SAP FI GL CONFIGURATION

These are the steps in GL configuration.

1. Creating company code

2. Create chart of accounts

3. Assign company code to chart of accounts

4. Define Account group

5. Define retained earnings Account

6. Maintain Fiscal year variant

7. Assign company code to a Fiscal year variant

8. Define Posting Period variant

9. Define variants for open periods posting

10. Assign Posting period variant to company Code

11. Create document number ranges for company code

12. Define document type and assign document number range

13. Enable Fiscal year default

14. Enable default value date

15. Maintain field status variants

16. Assign company code to field status variants

17. Screen variants for document entry

SAP CO Consultant Certification

Certification Test
SAP Consultant Certification Solution Consultant Financials –
Management Accounting with my SAP ERP 2005

Software
* Software components: SAP ERP Central Component 6.0

Number of Questions
80

Duration
180 minutes

Notes

* Please note that you are not allowed to use any reference
materials during the certification test (no access to online
documentation or to any SAP system).
* The certification test Solution Consultant Financials –
Management Accounting with my SAP ERP 2005 verifies the knowledge in
the area of the mySAP ERP Financials for the consultant profile
Management Accounting. This certificate proves that the candidate has
a basic understanding within this consultant profile, and can
implement this knowledge practically in projects.

Competency Areas
The following list helps you to identify the competency areas covered
in this test. The percentage indicates the portion of the test
dedicated to a particular competency area.

Competency

Material Cost Estimate With Quantity Structure
Analyses and error handling TFIN20 AC505
BOM TFIN20 AC505
BOM and task list determination TFIN20 AC505
Cost component split TFIN20 AC505
Costing variant TFIN20 AC505
Create costing run TFIN20 AC505
Overhead costing sheet TFIN20 AC505
Price update TFIN20 AC505
Routing TFIN20 AC505

Cost Center Accounting / Profit Center Accounting
Account assignment help TFIN20 AC405
Accrual calculation TFIN20 AC405
Adjustment postings TFIN20 AC405
Assessment TFIN20 AC405
Direct activity allocation TFIN20 AC405
Distribution TFIN20 AC405
Integrated plan allocation cycle TFIN20 AC405 AC040
Introduction to planning in Management Accounting TFIN20 AC405 AC040
Master data cost elements, cost centers, activity types and stat
TFIN20 AC405
Organizational units TFIN20 AC405 AC040
Periodic reposting TFIN20 AC405 AC040
Planning methods in cost center planning TFIN20 AC405
Profit center assignment TFIN20 AC610
Profit center master data TFIN20 AC610
Reconciliation ledger TFIN20 AC405
Recording primary postings TFIN20 AC405

Cost Object Accounting: Make-to-Stock Production with Periodic C
Decoupling scenarios TFIN22 AC520
Period-end closing for periodic Controlling TFIN22 AC520
Preliminary costing on cost object TFIN22 AC520
Product cost collector TFIN22 AC520
Simultaneous costing on cost object TFIN22 AC520
Cost Object Controlling: Make-to-Stock Production with Order Con
11-20%
Cost objects with order view TFIN22 AC520
Period-end closing with order Controlling TFIN22 AC520
Preliminary costing of cost objects TFIN22 AC520
Simultaneous costing TFIN22 AC520

Cost Object Controlling: Sales-Order-Related Production
Delivery and billing documents TFIN22 AC520
Period-end closed with product cost by sales order TFIN22 AC520
Preliminary costing of sales order TFIN22 AC520
Sales order as cost object TFIN22 AC520
Simultaneous costing of sales order TFIN22 AC520

Material Cost Estimate Without Quantity Structure
Base object costing and simulation costing TFIN20 AC505
Material master – fields relevant to costing TFIN20 AC505
Multiple-level unit costing TFIN20 AC505
Single-level unit costing TFIN20 AC505

Overhead Cost Orders
Billing for overhead cost orders TFIN20 AC405
Budgeting and availability control TFIN20 AC405
Commitments management TFIN20 AC405
Master data maintenance TFIN20 AC405
Overhead rates on overhead cost orders TFIN20 AC405

Source:
http://www.sap.com/services/education/certification/

SAP FI Consultant Certification

Certification Test
SAP Consultant Certification Solution Consultant Financials –
Financial Accounting with mySAP ERP 2005

Software
* Software components: SAP ERP Central Component 6.0

Number of Questions
80

Duration
180 minutes

Notes

* Please note that you are not allowed to use any reference
materials during the certification test (no access to online
documentation or to any SAP system).
* The certification test Solution Consultant Financials –
Financial Accounting with mySAP ERP 2005 verifies the knowledge in the
area of mySAP ERP Financials for the consultant profile Financial
Accounting. This certificate proves that the candidate has a basic
understanding within this consultant profile, and can implement this
knowledge practically in projects.

Competency Areas

The following list helps you to identify the competency areas covered
in this test. The percentage indicates the portion of the test
dedicated to a particular competency area.

Competency

-Asset Accounting (AC305)
-Closing Operations in Financial Accounting (AC205)
-Document and Posting Control (Ac200)
-Evaluation Options in Reporting (AC280)
-Financial Accounting Master Data (AC200)
-Payment Program, Dunning Program, Correspondence, Interest Calcu (AC201))
-SAP Overview (ERP020)
-SAP Solution Manager (SM01)
-Special General Ledger Transactions, Document Parking, Substitut(AC202)
-The New General Ledger(AC210)

Source:
http://www.sap.com/services/education/certification/

How to became FI/CO Consultant

Month 1
Step 1 : Watch SAP Computer Based Training Video SAP
System Management – System Administration Basic & SAP System
Management – System Administration Basic Advanced User + CCMS
Step 2 : Study And Practice The Training Manual (9 set)
Step 3 : Watch SAP Computer Based Training Video Shipping
Clerk, SOP and Structure OP
Step 4 : Study And Practice The Training Manual AA, AP,
AR, CO-CCA, CO-IO, COPA, CO-PC and GL

Month 2
Step 5 : Walk Through SAP Q&A Material
Step 6 : Browse Configuration Quick Notes
Step 7 : Study The SAP Real-Life Blueprint Documentation
(AA, AP, AR, CO dan GL)

Month 3
Step 8 : Study The FI/CO Popular Interview Questions And
Answers
Step 9 : Tips To Behave Like An Experienced Consultant In
The Job With Other Consultants
Step 10 : Repeat All The Above Steps For Once
Step 11 : Now Consider Yourself As An Experienced SAP
Consultant And Start Applying For A SAP Job Using Our SAP FI/CO

Sample Resume!

“If you are struggling in FI module in front of others just tell
them you have been so busy with CO module for quite sometime that
you forget some of the FI module functions. If you are struggling in
CO module instead, tell them the other way around. This is a very
valid reason in SAP workplace which are even used by senior
consultants”

“Talk about the limitations on previous versions of SAP like 4.6c
and 3.0. This will give an impression that you have been in the
industry for quite sometime working with older versions of SAP. One
popular limitation in 3.0 is the menu style which is not the tree
view. It is like the conventional menu which appears on top of the
screen.”

Create Sales Order

Menu:

Logistics -> Sales and Distribution -> Sales -> Order -> Create

Transaction Code

VA01; VA03

In screen “Create Sales Order: Initial Screen”

Enter Order Type, Sales Organization, Distribution Channel and Division

The next screen is : “Create Standard Order: Overview”

Enter Sold-to party, PO number, Material, Order Quantity, Payment terms and Pricing Terms

To see the header data of the sales document, choose Goto -> Header -> Sales

Save and this is done…

Product Costing Accounting

Product costing is used to calculate the cost of goods sold and manufactured for each unit of goods manufactured.
It is used to keep the track of cost at each and every point of production.

Costing sheet , cost component, Activity types and cost elements are used for product costing.

Costing sheet is used for the overheads purposes.
Cost Component is used for the breaking of expenses into various cost elements for more transparency of the cost structure.
Activity types are defined as per cost center.

The cost component split will give the transparency on the cost incurred on different levels such as machinery set up cost, labor costetc.

BOM is used to know the quantity of the material used for the production. Routing is used to define the sequence of steps required to perform certain operations. For Eg How many labor hours will be required for a finished product etc.

The entries which flow for product costing are as follows:

For Material issue

Raw Material Inventory(Credit)
To Raw Material Consumption (Debit)

Activities Performed

Respective cost center (Credit)
To Set Up cost (Debit)
Machining Cost (Debit)

Good Receipt

Cost of Production (Credit)
To Inventory of Finished Goods (Debit)

Please note that this entry will come from MM module and at Standard Price.

Settlement Of Production Order

Cost of Production( Variance)
To Price Difference Account

Post goods Issued

Inventory of Finished Goods (Credit)
To Cost of goods Sold (Debit)

Activate Functional Area Substitution – OBBZ

Financial Accounting -> Financial Accounting Global Settings -> Company Code -> Prepare Cost of Sales Accounting

Transaction Code: OBBZ

OBBZ takes you specifically to the FI substitution application area for the Cost of Sales accounting callup point. You can also use GGB4 which manages activation of all substitutions in the system for any application area or callup point.

  1. Enter the four-character identifier for the company code (CC) for which you want to activate the substitution. As with the validations, you can only have one substitution active per company code per callup point.
  2. Enter the callup point at which you want your substitution to be executed.
  3. Enter the identifier of the substitution that you wish to activate.
  4. The description field fills in automatically based on the substitution that you choose.
  5. Enter the activation level for which you which you would like to activate the validation. There are three codes to simplify your entry:
    1. 0: Not Active (validation will not execute)
    2. 1: Activated at all levels throughout the system
    3. 2: Activated at all levels throughout the system except for batch input

Create Sets – GS01

A set is used in order to specify a range of G/L account numbers. Sets simply hold a number of values for a field. Sets are used in the same way that arrays are used in standard programming. Although there are several types of sets, the basic set is described below.

Information Systems -> Ad Hoc Reports -> Report Painter -> Report Writer -> Set Create

Transaction Code: GS01

  1. Enter the 12-character alphanumeric identifier of your set in the Set ID box. This is the set name that you will refer to when using the set.
  2. Enter the name of the table that contains the field you want to create the set for in the Table box. This field and others like it appears in many different tables. It is important to know which table is being used at the time you are using the set. For example, we are creating a set for the field HKONT (G/L account number). HKONT appears in BSEG, COBL, ACCIT, and many other tables. As you already know from selecting the field to substitute earlier, table ACCIT is being read in our substitution, and we will use this table to create our set.

Once HKONT is selected, enter the description in the next screen and click the Basic Entries button to select values to include in your set.

Saks Apparel has decided to use five different functional areas to analyze individual expense accounts:

Administration

Sales

Production

Research & Development

Marketing

Saks apparel will be utilizing cost centers to capture all of its expenses. Because it is using cost centers, we will use an attribute of cost center (cost center type) to populate our functional area on postings. You can use other fields in your substitution, but cost center makes the most sense for Saks Apparel. In the configured substitution, we created and used a set of all expense G/L accounts and the cost center type field (CSKSV-KOSAR). Although only one substitution step was shown, a separate step for each functional area was configured. A mapping of cost center type to functional location follows:

Cost Center Type

Functional Areas

W: Administration

ADMN

M: Marketing

MKTG

F: Production

PROD

R: R&D

R&D

V: Sales

SALE

    

Next step is to activate the substitution