• 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)
  
  
• The following are new in 5.0 ECC
  
  
  • New General Ledger with reduced total cost of ownership (Faster Close etc.)
    
  • Profit Center Accounting is eliminated and is now part of New GL
    
  • Cost of Sales accounting is now part of New GL
    
  • Special Purpose Ledger is now part of New GL
    
  • Reconciliation Ledger is eliminated and is now part of New GL
    
  • Segment reporting
    
  • And much more…

Fundamentals of FICO using New General Ledger FunctionalityIntroduction – 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)

• Client
  
• Chart of accounts
  
• Company code
  
• Credit control area
  
• Sales organization
  
• Purchasing organization
  
• Chart of depreciation
  
• Controlling area

• GL accounts
  
• Customers
  
• Vendor
  
• Banks
  
• Account groups
  
• Number ranges
  
• General Ledger
  
• Sub-ledger

• Document header
  
• Line items
  
• Document type
  
• Special document types
  
• Document number ranges
  
• Posting keys
  
• Field status definition
  
• Payment terms

• Posting periods
  
• Fiscal Year

• Display formats
  
• Allocation fields
  
• Work lists

• Foreign Currency keys
  
• Parallel currencies
  
• Exchange rates

• Fast entry
  
• Inter-company transactions
  
• Hold data
  
• Document parking

• Actual documents
  
• Sample documents
  
• Account assignment models
  
• Recurring documents

• Delivered reports
  
• Variants

• Partial Residual payments
  
• Foreign currency
  
• Payment advices

• Payment history
  
• Credit limit
  
• Clearing procedures

• Payment program

• Selection options
  
• Reset cleared items

• Month- end closing
  
• Yearend closing

• Foreign Currency
  
• GR/IR clearing
  
• Accrual / Deferral documents

• Open items
  
• Balance Sheet accounts

• Main structures
  
• Financial statement versions

• Tasks in overhead cost controlling
  
• Organization units in CO

• Master data and transaction data
  
• Cost elements
  
• Cost center
  
• Statistical key figures

• Number assignment for CO documents
  
• Account assignment logic
  
• Automatic and default account assignment
  
• Transaction-based posting in CO

• Standard reports
  
• Report painter
  
• Report tree

• MM Integration & Invoice verification
  
• SD Integration & Billing

• Down Payments
  
• Guarantees

• Periodic reporting
  
• Distribution
  
• Assessment
  
• Valuation with activity prices
  
• Actual cost splitting

• Planning scope and techniques
  
• Versions
  
• Planning screens
  
• Distribution keys
  
• Plan cost splitting
  
• Planning aids

• Master data and structures
  
• Order types
  
• Status management
  
• Real and statistical orders
  
• Actual posting and commitments
  
• Planning and Budgeting

• Period lock
  
• Variance calculation

• Standard reports
  
• Report painter
  
• Report tree

• Organizational Units in Fixed Assets Accounting
  
• Depreciation Areas
  
• Different depreciation methods
  
• Transactions in Fixed Assets Accounting
  
• Fixed Assets Reports