Phase I – Financial Accounting

WORKSHOP

S/4HANA Configuration
Phase I – Handbook
This handbook comprises all tasks that need to be executed in the
S/4HANA system in order to configure the basics of the Financial
Accounting module for Global Bike.

Product MOTIVATION PREREQUISITES

S/4 HANA 1709
Global Bike In the initial GBI configuration Before you use this case, you should
case you have identified and be familiar with navigation in the SAP
GUI 7.50 analyzed problems as well as system.
developed
Level and discussed possible solutions.
Basic NOTES
Now, you configure the
Focus enterprise structure and business This workshop uses the Global Bike
ERP Configuration processes for Financial Inc. (GBI) data set which has been
Financial Accounting Accounting. created for SAP UA global curricula
exclusively.
After setting up the organization
Authors
units and process parameters you
Simha Magal will create necessary master data ACKNOWLEDGEMENT
Stefan Weidner and test the business process.
Tom Wilder This case study was prepared with
the assistance of student interns at
Version the Seidman ERP program at Grand
3.3 Valley State University and the SAP
Club at CSU Chico as well as student
Last Update and research assistants at SAP UCC
April 2020 Magdeburg.

© SAP SE
Phase I – Financial Accounting
WORKSHOP

Phase I – Financial Accounting

Learning Objective Understand and configure Financial Accounting. Time 60 min

Phase Scenario After defining the overall strategy and work packages for the entire configuration
project at Global Bike, in Phase I enterprise structures and processes in Financial Accounting are
implemented and tested.
Name (Position) Bianca Cavarini (Chief Information Officer)
Mona Falco (System Design and Development Manager)
Sarah Garcia (Business Analyst 2)
[external] (Senior SAP FI/CO consultant)
[external] (Junior SAP FI/CO consultant)

After both Co-CEOs approved the S/4HANA implementation project, Bianca

Cavarini and Mona Falco analyzed GBI’s Financial Accounting processes in
detail. A senior and a junior SAP FI/CO consultant from an external firm are
contributing their functional and technical experience with ERP configuration.
Three different data types need to be implemented in the system: organizational
data (enterprise structure and process configuration), master data, and
transactional data.

General Notes and Cautions

Warning

The ### Symbol: When working with other classmates at the same time, you will be assigned
your own unique identifier which is called the ### Symbol. This will be your identifier and is
ASSIGNED FOR YOUR OWN USE ONLY!!! Please be cautious about other classmates
attempting to use your identifier whether it is on purpose or not and if you suspect other
classmates using it, inform your professor immediately so that fixes can be made accordingly.
For example, if Ashley has an identifier of 009 and David has an identifier of 013, Ashley’s
company code will be C009 and David’s company code will be C013. So, every time you see
“###” in this document, it is referring to 009 for Ashley and 013 for David.

Introduction to SAP Implementation Guide (IMG)

Task Familiarize yourself with the SAP configuration menu. Time 10 min

IMG is a menu within the system which lists all configuration activities IMG menu
and tasks. This menu is the main menu for enterprise structure and
configuration. T he IMG menu is not accessible by most employees, but it
is used by external consultants or internal key users. © SAP SE
Phase I – Financial Accounting
WORKSHOP

There are two ways to proceed to the IMG menu.

1. In the SAP Easy Access menu, click on the black arrows on the left to
open the following menu path and double-click on Execute Project. Menu path

SAP Menu ► Tools ► Customizing ► IMG ► Execute Project

2. In the Customizing: Execute Project screen, on the top left click on the
icon.

© SAP SE
Phase I – Financial Accounting
WORKSHOP

3. Now, you see the Display IMG screen. This is where most tasks
will ask you to start from.

When this handbook later refers to the definition and the assignment of
organization units, it means the Enterprise Structure folder at the beginning
of the menu (see above). All folders below contain IMG activities which are
configuring business processes within the S/4HANA system.

Alternative from the SAP Easy Access menu, you may also use the
following short cut to start the IMG menu.

© SAP SE
Phase I – Financial Accounting
WORKSHOP

1. Locate the transaction code field in the top left corner of your screen
SPRO
and simply type in SPRO.

2. Then, press Enter.

3. In the Customizing: Execute Project screen, on the top left click on the
icon.

© SAP SE
Phase I – Financial Accounting
WORKSHOP

Phase I.1 – Enterprise Structure

Task Configure Global Bike’s enterprise structure for Financial Accounting. Time 10 min
Short Description Based on Sarah Garcia’s results (organizational charts Financial Accounting,
Controlling, S/4HANA) review Global Bike’s organizational structure, study the mapping of
S/4HANA organizational units and configure them in the system.
Name (Position) Mona Falco (System Design and Development Manager)
Sarah Garcia (Business Analyst 2)

In the preparation phase, Sarah Garcia sketched the organizational charts Scenario setting
for Financial Accounting (and basics of Controlling). Then, she mapped the
Sarah Garcia
Global Bike units to ERP terminology and defined a unique number for [Business Analyst 2]
each object. The graphic below illustrates these configuration objects and t
their relationship to each other. The company codes for the US and for
Germany, for example, are assigned to the same global credit control area.

Organizational chart WITH S/4HANA

Global Bike Accounting

© SAP SE
Phase I – Financial Accounting
WORKSHOP

Part I – Enterprise Structure

Enterprise Rules and Process

Master Data
Structure Parameters Execution

Table of Contents
1: Define Company Code............................................................................................................. 2
2: Define Business Area............................................................................................................ 11
3: Define Empty Chart of Accounts............................................................................................13
4: Maintain Controlling Area.......................................................................................................15
5: Define Credit Control Area.....................................................................................................19
6: Define Variants for Open Posting Period...............................................................................22
7: Define Field Status Variants..................................................................................................24
8: Enter Global Parameters.......................................................................................................29
9: Assign Company Code to Controlling Area............................................................................32
10: Define Standard Hierarchy...................................................................................................36
11: Assign Permitted Credit Control Areas................................................................................43
12: Maintain Company Code for Materials.................................................................................45
13: Define Settings for Ledgers and Currency Type..................................................................47
14: Define Ledger for CO Version..............................................................................................50
15: Activate Profit Center Accounting in Controlling Area..........................................................53
16: Check and Define Default for Postings in Controlling...........................................................55

© SAP AG Page 1
Phase I – Financial Accounting
WORKSHOP

1: Define Company Code

Description: In this task, you define your own company code in the United States. The company code
is the organizational unit that allows you to structure your enterprise from a financial accounting
perspective. A company code possesses information that is important for financial accounting
purposes. For example, each company code is assigned to exactly one country.

Task Configure a company code for Global Bike’s headquarters in the US (Dallas).

Warning: See “General Notes and Cautions” about table locks.

Navigation: SAP Customizing Implementation Guide ► Enterprise Structure ► Definition ► Financial

Accounting ► Edit, Copy, Delete, Check Company Code

© SAP AG Page 2
Phase I – Financial Accounting
WORKSHOP
In the “Choose Activity” pop-up, double-click on Edit Company Code Data.

Tasks and Data Entry:

In the “Change View “Company Code”: Overview” screen, click on the icon.

In the “New Entries: Details of Added Entries” screen, enter the following information:

Attribute Description Data Value

Company Code An organizational unit within financial accounting. C###

Company Name Name of Company Code or Company ### Global Bike Inc.

City City name in an address. Dallas

Country The country key contains information which the USA (US)
system uses to check entries such as length of the

© SAP AG Page 3
Phase I – Financial Accounting
WORKSHOP
postal code or bank account number.

Currency Currency key for amounts in the system. United States Dollar
(USD)

Language The language key designates the language in which English (EN)
you display texts, enter texts, or print documents.

Click on (ADDRESS).

© SAP AG Page 4
Phase I – Financial Accounting
WORKSHOP

In the “Edit address: C###” pop-up, enter the following information:

Attribute Description Data Value

Title Possible titles are stored in a check table. Company

Name Name of an address. ### Global Bike Inc.

Search term 1/2 Short description used for search helps. ###

Street/House Number Street name as part of the address. 5215 N. O’Connor Blvd

Postal Code Postal code as part of the address. 75039

City City name as part of the address. Dallas

Country The country key contains information which the USA (US)
system uses to check entries such as the length of
the postal code or bank account number.

Region In some countries, the region forms part of the Texas (TX)
address. The meaning depends on the country.

© SAP AG Page 5
Phase I – Financial Accounting
WORKSHOP

© SAP AG Page 6
Phase I – Financial Accounting
WORKSHOP
In the “Street Address” part, click on the icon.

Enter the following information:

Attribute Description Data Value

Jurisdict. code Specifies the tax jurisdiction. Texas Jurisdiction Code
(TX0000000)

© SAP AG Page 7
Phase I – Financial Accounting
WORKSHOP

© SAP AG Page 8
Phase I – Financial Accounting
WORKSHOP
Click on (ENTER (CONTINUE)).

© SAP AG Page 9
Phase I – Financial Accounting
WORKSHOP

In the “New Entries: Details of Added Entries” screen, click on the icon.

© SAP AG Page 10
Phase I – Financial Accounting
WORKSHOP
In the “Edit” pop-up, click on the icon. You will receive a message that says “Data was saved”

© SAP AG Page 11
Phase I – Financial Accounting
WORKSHOP

2: Define Business Area

Description: In this task, you define the business area. Business areas are used for financial reporting
and analysis as the financial statements can be structured based on different areas.

Task Configure Global Bike’s business area (Bikes).

Navigation: SAP Customizing Implementation Guide ► Enterprise Structure ► Definition ► Financial

Accounting ► Define Business Area

Tasks and Data Entry:

© SAP AG Page 12
Phase I – Financial Accounting
WORKSHOP

In the “Change View “Business areas”: Overview” screen, click on the icon.

In the “New Entries: Overview of Added Entries” screen, enter the following information:

Attribute Description Data Value

Business Area Key identifying a business area. B###

Description Business area description. ### Bikes

Then, click on or Press . You will receive a message that says “Data was saved”.

© SAP AG Page 13
Phase I – Financial Accounting
WORKSHOP

3: Define Empty Chart of Accounts

Description: In this task, you create an empty chart of accounts for your company. This is a list of all
general ledger accounts used by one or several company codes. For each general ledger account, the
chart of accounts contains the account number, account name, and the information that controls how
an account functions and how a general ledger account is created in a company.

Task Define an empty chart of accounts for Global Bike.

According to Sarah’s organizational chart, Global Bike is using one global chart of
accounts. The frame is created now. The list of G/L accounts is loaded later.

Navigation: SAP Customizing Implementation Guide ► Financial Accounting ► General Ledger

Accounting ► Master Data ► G/L Accounts ► Preparations ► Edit Chart of Accounts List

Tasks and Data Entry:

You are in the in the “Change View “List of All Charts of Accounts”: Overview” screen.

© SAP AG Page 14
Phase I – Financial Accounting
WORKSHOP

Click on (NEW ENTRIES).

In the “New Entries: Details of Added Entries” screen, enter the following information:

Attribute Description Data Value

Chart of Accts Uniquely identifies a chart of accounts. G###

Description Descriptive name for the chart of accounts. ### GBI COA

Maint language Language English

Length of G/L account number Specifies the length of an account. 6

Then, click on or Press . You will receive a message that says “Data was saved”.

© SAP AG Page 15
Phase I – Financial Accounting
WORKSHOP

© SAP AG Page 16
Phase I – Financial Accounting
WORKSHOP

4: Maintain Controlling Area

Description: In this task, you create a controlling area. The controlling area is an organizational unit
within a company, used to represent a closed system for cost account purposes. A controlling area may
include single or multiple company codes that may use different currencies.

Task Define Global Bike’s controlling area for North America.

As identified in the preparation phase, Global Bike separates its managerial accounting
activities into two regions; North America and Europe. With the project focus on the US,
controlling area North America is defined for now.

Navigation: SAP Customizing Implementation Guide ► Enterprise Structure ► Definition ►

Controlling ► Maintain Controlling Area

In the “Choose Activity” pop-up, double-click on Maintain Controlling Area.

Tasks and Data Entry:

© SAP AG Page 17
Phase I – Financial Accounting
WORKSHOP

In the “Change View “Basic data”: Overview” screen, click on the icon.

In the “New Entries: Details of Added Entries” screen, enter the following information:

Attribute Description Data Value

Controlling Area Uniquely identifies a controlling area. N###

Name Name of the controlling area. ### GBI North America

CoCd->CO Area Controls assignment of company codes. Cross-company-code cost accounting

Currency Type Currency type for a controlling area. Company code currency (10)

Currency Currency key for amounts in system. United States Dollar (USD)

Chart of Accts Uniquely identifies a chart of accounts. Your Chart of Accounts (G###)

Fiscal Year Variant Used to define the fiscal year. Cal. Year, 1 Special Period (K1)

© SAP AG Page 18
Phase I – Financial Accounting
WORKSHOP

Then, click on or Press . You will receive a message that says “Data was saved”.

© SAP AG Page 19
Phase I – Financial Accounting
WORKSHOP

Click on (EXIT) .

© SAP AG Page 20
Phase I – Financial Accounting
WORKSHOP

In the pop-up, click on the icon. You will receive a message that says “Data was saved”.

© SAP AG Page 21
Phase I – Financial Accounting
WORKSHOP

5: Define Credit Control Area

Description: In this task, you define a credit control area. A credit control area is an organizational
unit that specifies and checks a credit limit for customers. A credit control area can include one or
more company codes. It is not possible to assign a company code to more than one credit control area.

Task Define the global credit control area for Global Bike.

Global Bike is managing customer credit limits on a global level. Thus, a global credit control
area is created.

Navigation: SAP Customizing Implementation Guide ► Enterprise Structure ► Definition ► Financial

Accounting ► Define Credit Control Area

Tasks and Data Entry:

© SAP AG Page 22
Phase I – Financial Accounting
WORKSHOP

In the “Change View “Credit Control Area”: Overview” screen, click on the icon.

In the “New Entries: Details of Added Entries” screen, enter the following information:

Attribute Description Data Value

Cred.Contr.Area Entity which grants and monitors a credit G###
limit for customers.

Currency Currency Key United States Dollar (USD)

Update When the values of open sales orders, Open order value on time axis,
deliveries, and billing documents are delivery and bill.doct value
updated. (000012)

FY Variant A fiscal year variant. Cal. Year, 1 Special Period (K1)

© SAP AG Page 23
Phase I – Financial Accounting
WORKSHOP

Then, click on or Press . You will receive a message that says “Data was saved”.

Click on (BACK).

In the “Change View “Credit Control Areas”: Overview” screen, enter the following information:

CCAr Description
Your Credit Control Area (G###) ### Global Bike Inc.

Then, click on or Press . You will receive a message that says “Data was saved”.

© SAP AG Page 24
Phase I – Financial Accounting
WORKSHOP

6: Define Variants for Open Posting Period

Description: In this task, you define a variant for open posting periods for your company code. The
name of this variant is identical to the company code name.

Task Define variant for month-end closing in Global Bike. Posting period variants are needed
for month-end closing. Thus, a GBI variant is created.

Navigation: SAP Customizing Implementation Guide ► Financial Accounting ► Financial Accounting

Global Settings ► Ledgers ► Fiscal Year and Posting Periods ► Posting Periods ► Define Variants
for Open Posting Periods

Tasks and Data Entry:

You are in the “Change View “Posting Periods: Define Variants”: Overview” screen.

© SAP AG Page 25
Phase I – Financial Accounting
WORKSHOP

Click on (NEW ENTRIES).

In the “New Entries: Overview of Added Entries” screen, enter the following information:

Attribute Description Data Value

Variant This describes the specifications for a posting G###
period. Each company code refers to exactly
one variant. Therefore, as many company
codes as you require can use the same variant.
Name Posting Period Variant Name ### GBI Posting Periods

Then, click on or Press . You will receive a message that says “Data was saved”.

© SAP AG Page 26
Phase I – Financial Accounting
WORKSHOP

7: Define Field Status Variants

Description: In this task, you define a field status variant for your company code. You group several
field statuses groups into one field status variant. Field status variants are then assigned to a company.

Task Define field status variant.

The GBI field status variant that is created here comprises of several field status
groups. Later, each of these groups categorizes specific types of G/L accounts and defines
their status of input fields such as required entry or optional entry.

Navigation: SAP Customizing Implementation Guide ► Financial Accounting ► Financial Accounting

Global Settings ► Ledgers ► Fields ► Define Field Status Variants

Tasks and Data Entry:

© SAP AG Page 27
Phase I – Financial Accounting
WORKSHOP
In the “Change View “Field status variants”: Overview” screen, highlight the “GL00” row.

Click on OR or Press F6.

You are in the “Change View “Field status variants”: Overview of Selected Set” screen.

Change the following information:

FStV Field status name

G### ### GBI Field Options

© SAP AG Page 28
Phase I – Financial Accounting
WORKSHOP

Click on or Press (ENTER).

In the “Specify object to be copied” pop-up, click on the icon.

© SAP AG Page 29
Phase I – Financial Accounting
WORKSHOP
In the “Information” pop-up, click on the icon. Or Press on Continue

In the “Change View “Field status variants”: Overview” screen, highlight the “G###” row.

Double-click on Field status groups.

In the “Change View “Field status groups”: Overview” screen, enter the following information:

Field status group Text

ZEXP ### Expense Accounts

ZGBS ### General Balance Sheet Accounts

ZMMA ### Material Management GR / IR Accounts

ZRAA ### Reconciliation Accounts

© SAP AG Page 30
Phase I – Financial Accounting
WORKSHOP
ZREV ### Revenue Accounts

ZSEC ### Secondary Cost/Revenue

Then, click on or Press . You will receive a message that says “Data was saved”.

© SAP AG Page 31
Phase I – Financial Accounting
WORKSHOP

8: Enter Global Parameters

Description: In this task, you enter global parameters for your company. This consists of combining
what you defined in previous steps into one global parameter such as credit control area and your
variants, and your chart of accounts within the entire system.

Task Enter company code parameters for the US.

Navigation: SAP Customizing Implementation Guide Financial Accounting ► Financial Accounting

Global Settings ► Global Parameters for Company Code ► Enter Global Parameters

Tasks and Data Entry:

© SAP AG Page 32
Phase I – Financial Accounting
WORKSHOP
In the “Change View “Company Code Global Data”: Overview” screen, double-click on C###.

In the “Change View “Company Code Global Data”: Details” screen, enter the following information:

Attribute Description Data Value

Chart of Accts A chart of accounts. Your GBI COA (G###)

Credit Control Area Organizational entity which grants and Your Global Bike Inc.
monitors a credit limit for customers. (G###)

Fiscal Year Variant Define the fiscal year. Cal. Year. 1 Special Period
(K1)

Field status variant Groups together several field statuses Your GBI Field Options
groups. You assign a field status (G###)
variant to each company code.

Posting period variant The specifications for a posting period. Your GBI Posting Periods
(G###)

Max. exchange rate deviation Exchange rate deviation for postings. 10%

Cost of sales accounting act. Specifies the status of cost sales In preparation (1)
accounting for a company.

Proposal fiscal year Controls whether the fiscal year is Selected

© SAP AG Page 33
Phase I – Financial Accounting
WORKSHOP
defaulted for display.

Define default value date Indicates the current date is used as the Selected
default value for the value date.

Financial Assets Mgmt. Used to pass on payment information. Selected

active

Then, click on or Press . You will receive a message that says “Data was saved”.

© SAP AG Page 34
Phase I – Financial Accounting
WORKSHOP

© SAP AG Page 35
Phase I – Financial Accounting
WORKSHOP

9: Assign Company Code to Controlling Area

Description: In this task, you assign your company code to your controlling area. All company codes
assigned to a controlling area must use the same chart of accounts. You may carry out cross-company-
code cost accounting only by explicitly assigning the company codes to a controlling area.

Task Assign the US company code to the North America controlling area.

According to Sarah’s organizational chart, the company code in the US is

assigned to the controlling area for North America.

Navigation: SAP Customizing Implementation Guide ► Enterprise Structure ► Assignment ►

Controlling ► Assign company code to controlling area

Tasks and Data Entry:

© SAP AG Page 36
Phase I – Financial Accounting
WORKSHOP
In the “Change View “Basic data”: Overview” screen, highlight the “N###” row.

© SAP AG Page 37
Phase I – Financial Accounting
WORKSHOP
Double-click on Assignment of company code(s).

You are in the “Change View “Assignment of company code(s)”: Overview” screen.

Click on (NEW ENTRIES).

© SAP AG Page 38
Phase I – Financial Accounting
WORKSHOP
In the “New Entries: Overview of Added Entries” screen, enter the following information:

Attribute Description Data Value

CoCd An organizational unit within financial accounting. Your Global Bike Inc. (C###)

Then, click on or Press . You will receive a message that says “Data was saved”.

© SAP AG Page 39
Phase I – Financial Accounting
WORKSHOP

10: Define Standard Hierarchy

Description: In this task, you create a cost center standard hierarchy. You can combine cost centers
into cost center groups. You can then create cost center hierarchies from these groups by combining
the groups according to decision-making area, area of responsibility, or management area. A cost
center hierarchy comprises all cost centers for a given period and therefore represents the whole
enterprise. This hierarchy is known as the standard hierarchy. You define this as N###.

Warning: See “General Notes and Cautions” about table locks.

Navigation: SAP Customizing Implementation Guide ► Controlling ► General Controlling ►

Organization ► Maintain Controlling Area

© SAP AG Page 40
Phase I – Financial Accounting
WORKSHOP
In the “Choose Activity” pop-up, double-click on Maintain Controlling Area.

Tasks and Data Entry:

In the “Change View “Basic data”: Overview” screen, highlight the “N###” row.

© SAP AG Page 41
Phase I – Financial Accounting
WORKSHOP

Click on (DETAILS).

In the “Change View “Basic data”: Details” screen, enter the following information:

Attribute Description Data Value

CCtr Std. Hierarchy Indicated hierarchy of cost center groups in which all N###
cost centers in a controlling area are gathered together.

© SAP AG Page 42
Phase I – Financial Accounting
WORKSHOP

Then, Double-click on Activate component/control indicators.

© SAP AG Page 43
Phase I – Financial Accounting
WORKSHOP

In the “Check standard hierarchy” pop-up, click on the icon.

© SAP AG Page 44
Phase I – Financial Accounting
WORKSHOP

In the “Change View “Activate components/control indicators”” screen, click on the icon.

In the “New Entries: Details of Added Entries” screen, enter the following information:

Attribute Description Data Value

Fiscal Year Period, 12 months as a rule, for which the company Current Year
is to create its inventory and balance sheet.

Cost Centers Indicator controlling, together with the CO interface, Component active
specific settings in Cost Center Accounting.

Order Management Together with the CO interface, this indicator Component active
controls specific settings for order management.

Commit. Management Controls whether commitments are updated. Components active

© SAP AG Page 45
Phase I – Financial Accounting
WORKSHOP

Then, click on or Press . You will receive a message that says “Data was saved”.

© SAP AG Page 46
Phase I – Financial Accounting
WORKSHOP

11: Assign Permitted Credit Control Areas

Description: In this task, you will permit your credit control area to your company. This assignment is
different from Task 8 in that you can enter further permitted credit control areas for each company
code. The credit control area can be used flexibly as an internal control instrument, and data that needs
to be posted in the same company code for accounting reasons need no longer be managed in the same
control area. Each credit control area carries out credit control for one or more company codes and to
enable it to do this you must assign company codes to the respective credit control area.

Task Assign the global credit control area to the US company code.

According to Sarah’s organizational chart, the company code in the US is

assigned to the global credit control area.

Navigation: SAP Customizing Implementation Guide ► Financial Supply Chain Management ► Credit
Management ► Integration with Accounts Receivable Accounting and Sales and Distribution ►
Integration with Accounts Receivable Accounting ► Assign Permitted Credit Control Areas to Company
Code

Tasks and Data Entry:

You are in the “Change View “Permitted Credit Control Areas per Company Code”: Overview” screen.

© SAP AG Page 47
Phase I – Financial Accounting
WORKSHOP

Click on (NEW ENTRIES).

In the “New Entries: Overview of Added Entries” screen, enter the following information:

Attribute Description Data Value

Company Code An organizational unit within financial account. Your Global Bike Inc. (C###)
Cred. Cont. Area An organizational entity which grants and G###
monitors a credit limit for customers.

Then, click on or Press . You will receive a message that says “Data was saved”.

© SAP AG Page 48
Phase I – Financial Accounting
WORKSHOP

12: Maintain Company Code for Materials

Description: In this task, you will maintain the company for materials management. GBI will need to
initialize the fiscal period to allow material transactions. To create a material master record, the
control record must exist for the company code for which you want to create your master record.

Warning: See “General Notes and Cautions” about table locks.

Navigation: SAP Customizing Implementation Guide ► Logistics - General ► Material Master ► Basic
Settings ► Maintain Company Codes for Materials Management

Tasks and Data Entry:

You are in the “Change View “Materials Management View on Company Codes”: Overview” screen.

Enter the following information:

Attribute Description Data Value

CoCd An organizational unit within financial accounting. Your Global Bike Inc. (C###)

© SAP AG Page 49
Phase I – Financial Accounting
WORKSHOP
Company Name Name of company. ### Global Bike Inc.
Year A settlement period. Current Year
Pe A self-contained part of the current fiscal year. Current Month
Abp Indicates that back posting is allowed. Selected

Then, click on or Press . You will receive a message that says “Data was saved”.

© SAP AG Page 50
Phase I – Financial Accounting
WORKSHOP

13: Define Settings for Ledgers and Currency

Type
Description: In this task, you can edit the currency types and currency conversion settings that you
use in Accounting. Furthermore, you can define the corresponding ledger settings and assign
accounting principles for ledgers and company codes.

Task Assign the Generally Accepted Accounting Principles in your company code .

Navigation: SAP Customizing Implementation Guide ► Conversion of Accounting to SAP S/4HANA ►

Preparations and Migration of Customizing ► Preparations and Migration of Customizing for General
Ledger ► Define Settings for Ledgers and Currency Types

Tasks and Data Entry:

In the “Change View “Ledger”: Overview” screen, click on “Ledger” folder, and select “0L” in ledger
column.

© SAP AG Page 51
Phase I – Financial Accounting
WORKSHOP

Then, double click in “Company Code Settings for the Ledger” folder, and select your company code.

Then, double click in “Accounting Principles for Ledger and Company Code” folder, and then click on

(NEW ENTRIES).

© SAP AG Page 52
Phase I – Financial Accounting
WORKSHOP

In the “New Entries: Overview of Added Entries” screen, enter the following information:

Attribute Description Data Value

Accounting Combination of standards authorized by regulatory Generally Accepted Accounting
Principle organizations and accepted ways of keeping Principles (GAAP)
accounts.

Then, click on or Press . You will receive a message that says “Data was saved”.

© SAP AG Page 53
Phase I – Financial Accounting
WORKSHOP

14: Define Ledger for CO Version

Description: In this task, you assign your controlling area to ledger. In this activity, you define a
ledger in which all actual data relevant to CO is posted by assigning Version 0 to a ledger. The
version is assigned at the company code level, and the same ledger needs to be used for all company
codes

Task Assign the controlling area to ledger.

Navigation: SAP Customizing Implementation Guide ► Financial Accounting ► Financial Accounting
Global Settings ► Ledgers ► Integration of Controlling with Financial Accounting ► Define Ledger for
CO Version

Tasks and Data Entry:

© SAP AG Page 54
Phase I – Financial Accounting
WORKSHOP
In the “Change View “Ledger From Which CO Reads Actual Data”: Overview” screen, click on

(NEW ENTRIES).

In the “New Entries: Overview of Added Entries” screen, enter the following information:

Attribute Description Data Value

CO Area The controlling area is the highest Your GBI North America (N###)
organizational unit in Controlling.

Version Version of Controlling Plant/Act – Version (0)

Ledger (Compat.) Identifies a ledger in General Ledger Leading Ledger (0L)

Accounting.

© SAP AG Page 55
Phase I – Financial Accounting
WORKSHOP

Then, click on or Press . You will receive a message that says “Data was saved”.

© SAP AG Page 56
Phase I – Financial Accounting
WORKSHOP

15: Activate Profit Center Accounting in

Controlling Area
Description: A Profit Center is an “SAP Controlling” organizational unit defined for internal control
purposes. Based on organizational requirements, you can divide companies into Profit Centers that
enables management to analyze the areas of responsibility.

Task Activate profit center for fiscal year.

Navigation: SAP Customizing Implementation Guide ► Financial Accounting ► General Ledger

Accounting ► Master Data ► Profit Center ► Activate profit Center Accounting in Controlling Area

Tasks and Data Entry:

In the “Change View “Activate PcCtr Accounting”: Overview” screen, select “ProfitCtr Acctg” for your
controlling area and fiscal year.

© SAP AG Page 57
Phase I – Financial Accounting
WORKSHOP

Then, click on or Press . You will receive a message that says “Data was saved”.

© SAP AG Page 58
Phase I – Financial Accounting
WORKSHOP

16: Check and Define Default for Postings in

Controlling

Task Check and Define Default for Postings in Controlling.

Navigation: SAP Customizing Implementation Guide ► Financial Accounting ► Financial Accounting

Global Settings ► Ledgers ► Integration of Controlling with Financial Accounting ► Check and Define
Default for Postings in Controlling

Tasks and Data Entry:

© SAP AG Page 59
Phase I – Financial Accounting
WORKSHOP

In the “Change View “Default for Postings in Controlling”: Overview” screen, click on
(NEW ENTRIES)

In the “New Entries: Overview of Added Entries” screen, enter the following information:

Attribute Description Data Value

Company Code An organizational unit within Your Company Code (C###)
financial accounting.

Valid From First day of current year

Default Ledger Group Identifies a ledger in General Leading Ledger (0L)

Ledger Accounting.

Doc. Type Mapping Var. Standard (0000000001)

© SAP AG Page 60
Phase I – Financial Accounting
WORKSHOP

Then, click on or Press . You will receive a message that says “Data was saved”.

© SAP AG Page 61