intro erp using gbi case study fi[letter] en v2.40

7/25/2019 Intro ERP Using GBI Case Study FI[Letter] en v2.40

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SAP SE

CASE STUDY

Product

SAP ERPG.B.I.Release 6.07

Level

UndergraduateGraduateBeginner

Focus

Financial Accounting

Authors

Michael BoldauStefan Weidner

Version

2.40

Last Update

April 2015

MOTIVATION

The data entry requirements in thefinancial accounting exercises (FI 1through FI 4) were minimizedbecause much of the data alreadyexisted in the SAP system. This

stored data, known as master data,simplifies the processing ofbusiness transactions. Examplesfor this were charts of accountsand G/L accounts.

In this case study, we will create avendor master record, process aninvoice and create a payment.

PREREQUISITES

Before you use this case study, youshould be familiar with navigation inthe SAP system.

In order to successfully work through

this case study, it is not necessary tohave finished the FI exercises (FI 1through FI 4). However, it isrecommended.

NOTES

This case study uses the Global BikeInc. (G.B.I.) data set, which has beencreated exclusively for SAP UAglobal curricula.

Financial Accounting (FI)Case Study

This case study explains an integrated financial accounting process in

detail and thus fosters a thorough understanding of each process step and

underlying SAP functionality.


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Process Overview

Learning Objective Understand and perform a financial accounting process. Time65 min

ScenarioIn order to process a complete accounts payables process within financial accountingyou will take on different roles within the GBI company. You will be working in the FinanceAccount (FI) department.

Employees involved Silvia Cassano (Accounts Payable Specialist)

Shuyuan Chen (Chief Accountant)

Clayton Bartolome (Fixed Assets Accountant)

Before you can post the account payables invoice, master data has to bemaintained. Within the Case Study you will create necessary accountswithin the General Ledger and create the vendor.

Afterwards you will post the invoice and verify the changes on youraccounts.

Since the posting is relevant to P&L-Statement you will review the impacton your Financial Statement in the end.

Process description


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CASE STUDY

Step 1: Create Bank Account in General Ledger

Task Create a new G/L Account. Time5 min

Short DescriptionCreate a new Bank Account in the General Ledger.

Name (Position) Silvia Cassano (Accounts Payable Specialist)

In this case study we will create the master data that is involved in anaccounts payable process and pay our rental fee as an example. We start bycreating a bank account for outgoing payments to our vendor.

Business Scenario

To create a new account, follow the menu path:Accounting Financial AccountingGeneral LedgerMasterRecords G/L AccountsIndividual ProcessingCentrally

Menu path

In the following screen, enter 10###5(replace ### with your assignednumber, e.g. 100125 if you have 012) as your G/L Account number andUS00as Company Code.

Copy data from the Bank Account 100000in Company Code US00bychoosing G/L accountCreate with referenceand entering the necessary

data. Compare with the screenshot below and confirm with .

10###5US00

100000US00

Enter Bank ###as Short Text and Bank Account ###as G/L Acct Long

Text. Again, replace ### with your assigned number. Then, click on(Save).

Bank ###Bank Account ###


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CASE STUDY

Your screen should look similar to the one depicted below.

Confirm with and return to the SAP Easy Access screen using .


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CASE STUDY

Step 2: Create Reconciliation Account in General Ledger


Short DescriptionCreate a new Reconciliation Account in the General Ledger.


Reconciliation Accounts connect the General Ledger with subledgers thatare maintained for customers, vendors etc. Direct manual posting to theReconciliation Accounts is not possible. Later we will create a new vendormaster record and assign the new Reconciliation Account to it.

Business Scenario

To create a new account, follow the menu path:

Accounting Financial AccountingGeneral LedgerMasterRecords G/L AccountsIndividual ProcessingCentrally

Menu path

In the following screen, enter 11###5(replace ### with your assignednumber) as your G/L Account number and US00as Company Code.

Copy data from the Reconciliation Account 300000in Company CodeUS00by choosing G/L accountCreate with referenceand entering the

necessary data. Confirm with .

11###5US00

300000US00

Enter Payables-Misc ###as Short Text and Payables-Miscellaneous ###as G/L Acct Long Text. Again, replace ### with your assigned number.

Then, click on (Save).

Payables-Misc ###Payables-Miscellaneous

###

Your screen should look similar to the one depicted below.

Confirm with and return to the SAP Easy Access screen using .


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CASE STUDY

Step 3: Create Expense Account in General Ledger


Short DescriptionCreate a new Expense Account in the General Ledger.


To create a new account, follow the menu path:

Accounting Financial AccountingGeneral LedgerMasterRecords G/L AccountsIndividual ProcessingCentrally

Menu path

In the following screen, enter 75###5(replace ### with your assignednumber) as your G/L Account number and US00as Company Code.

Copy data from the Bank Account 740300in Company Code US00bychoosing G/L accountCreate with referenceand entering the necessary

data. Confirm with .

75###5US00

740300US00

Enter Rent Expense ###as Short Text and Rent Expense ### as G/L AcctLong Text. Again, replace ### with your assigned number. Then, click on

(Save).

Rent Expense ###Rent Expense ###

Confirm the following screen with and return to the SAP Easy Accessscreen using .


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CASE STUDY

Step 4: Create Cost Element for Expense Account

Task Create Cost Element. Time5 min

Short DescriptionCreate Cost Element for Expense Account


For every posting to an expense or revenue account in the General Ledger acorresponding primary cost element has to exist in ManagementAccounting.

To create a new cost element, follow the menu path:Accounting ControllingCost Element AccountingMasterDataCost ElementIndividual ProcessingCreate Primary

Menu path

When asked for the Controlling Area, enter NA00.

Enter 75###5 as Cost Element, choose the first of the current monthasValid From and enter Cost Element 740300out of the NA00ControllingArea under Reference. Compare with the screenshot below.

NA00

75###5First of the current month

740300, NA00

Proceed with .

Enter Name Rent Expense ###and Rent Expense ###as Description.

Then, click on to save your cost element.

Rent Expense ###Rent Expense ###

Return to the SAP Easy Access screen using .


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CASE STUDY

Step 5: Create Vendor Master Record for Landlord

Task Create a new vendor master record. Time5 min

Short DescriptionCreate a new vendor for a landlord.


The Chief Financial Officer has requested you create a new vendor accountfor Cardinal Properties.

To create a new vendor, follow the menu path:

Accounting Financial AccountingAccounts PayableMasterRecords Create

Menu path

In the following screen, leave Vendor blank, enter Company Code US00,and Account group KRED. Enter Vendor number 105### (replace ###with your assigned number) and Company Code US00 in the Referencefield.

US00KREDUS00

Then click on .

In the Create Vendor: Address view, enter Cardinal Properties ### asName, Search term ###, Postal code 55347, City Eden Prairie, CountryUS, Region MN under Street Address. Make sure English is selected as

language and click on three times.

Cardinal Properties ######

Eden PrairieMN 55347, US

EN

In the Create Vendor: Accounting information Account view, enter your

Recon. Account 11###5underAccounting Information. Then, click on .

11###5

In the Create Vendor: Payment transactions Accounting view, enter Payt

Terms 0001, and select Chk double inv. Then, click on (Save).

0001Chk double inv.

Click on the exit icon to return to the SAP Easy Access screen.


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CASE STUDY

Step 6: Post Transfer of Funds to Alternate Bank Account

TaskTransfer funds to Alternate Bank Account. Time10 min

Short DescriptionUse the SAP Easy Access Menu to generate a journal entry for the US GBIcompany to transfer funds from your current bank account to your alternate bank account.

Name (Position)Clayton Bartolome (Fixed Assets Accountant)

To do this, follow the menu path:

Accounting Financial AccountingGeneral LedgerDocumentEntryEnter G/L Account Document

Menu path

If Company Code US00is not displayed use the Menu Entry Edit Change company code (F7)to select your US GBI company. In theDocument Date field, use F4 and Enter to select todays dateand chooseUSDas Currency. As Reference, enter your three-digit number (###) andas Doc.Header Text Transfer of Funds.

US00

todays dateUSD###

On the first line, enter your Bank Account 10###5as G/L acct, chooseDebitas D/C and enter 5000as Amount in doc.curr.

10###5Debit5000

On the second line, enter 100000(Bank Account) as G/L acct, chooseCreditas D/C and enter 5000as Amount in doc.curr.

100000Credit5000

Then click on (Enter).


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Use the button to see if the postings are correct.

Click on (Back) once and accept any warning messages with Enter.

Then, click on (Post). The system will create a unique G/L accountdocument number.

G/L account document

Click on the exit icon and acknowledge the warning message bychoosing YESthere will be no data lost. This brings you back to the SAPEasy Access menu.


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Step 7: Review Transfer of Funds

TaskDisplay a G/L account document. Time10 min

Short DescriptionUse the SAP Easy Access Menu to display the G/L account document youhave just created.

Name (Position)Clayton Bartolome (Fixed Assets Accountant)

To display a G/L account document, follow the menu path:

Accounting Financial AccountingGeneral LedgerDocumentDisplay

Menu path

Your account document number should already be entered. If not, click on

. Then, choose Company Code US00and enter ###(yourthree-digit number) in the Reference number field. Then, click on toexecute the search producing a Document List screen similar to the oneshown below.

US00###

Double-click the document number to display the document. The systemdisplays a similar screen to the simulate screen you saw just before yourposted your document in the previous exercise.

Click on the button to display the document header information. Whocreated the document and when?


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Press Enter to go back to the Display Document: Data Entry View screen.

Then click on the exit icon to go back to the SAP Easy Access menu.


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Step 8: Create Invoice Receipt for Rent Expense

Task Create an invoice receipt. Time5 min

Short DescriptionEnter an invoice received from Cardinal Properties for this months rent of$1,500.00. This invoice will be posted to an existing G/L expense account in your chart ofaccounts and saved as an Accounts Payable to Cardinal Properties.


To create a invoice receipt, follow the menu path:

Accounting Financial accountingAccounts Payable

Document entryInvoice

Menu path

Enter your vendor numberfor Cardinal Properties (use the F4-Help withsearch term ### if necessary), todayas Invoice Date and $1,500asAmount of Invoice.

vendor numbertoday

$1,500

If your company code did not default in, select the following system menuentry and enter your company code:

Edit Switch Company Code

US00

Enter your Expense Account 75###5, D/C Debit, Document amount 1,500,

Invoice Cardinal Rent Expenses-###in the Text column and Cost centerNAHR2###. Remember to replace ### with your assigned number.

Then click on .

75###5

Debit$1500Invoice Cardinal Rent

Expenses ###NAHR2###

Use the button to see if the postings are correct.

Document # 1900000001

Click on to save your invoice receipt.

Click on the exit icon to return to the SAP Easy Access screen. Confirmthe warning with a click on yes.


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CASE STUDY

Step 9: Display and Review General Ledger Account Balancesand Individual Line Items

Task Display and review general ledger account balances. Time5 min

Short DescriptionDisplay and confirm the activity and associated balance for the rent expenseaccount used in the previous exercise.


To display ledger account balances, follow the menu path:

Accounting Financial accountingGeneral ledgerAccountDisplay Balances (New)

Menu path

Enter Account number from 750005to 759995, Company Code US00, andthe current year as Fiscal Year. Then, click on to display balances.

75###5US00

current year

Double click on month balance to see line items. You might see multiple ofthe invoiced amount. Try to explain why.

____________________________________________________________

To achieve a better overview, you will remove unneeded columns from the

report. Start by clicking on , select the rows shown in the picture below

and click on .


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CASE STUDY

Confirm the layout change with ENTER or . The screen shouldlook similar to the one depicted below.

Review the entries of your document. To do so, click in the line with your

invoice and press .

Keep clicking on the exit icon until you return to the SAP Easy Accessscreen.


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CASE STUDY

Step 10: Display and Review Accounts Payable Balances andIndividual Line Items

Task Display and review Accounts Payable balances and individual line items. Time5 min

Short DescriptionDisplay and confirm the activity and associated balance for the AccountsPayable for Cardinal Properties.Note that this transaction is considered to be open whichmeans that payment has not been sent to Cardinal Properties as of this time.


To display Accounts Payable balances, follow the menu path:

Accounting Financial accountingAccounts payable

Account Display balances

Menu path

Enter your vendor number for Cardinal Properties, Company code US00,and the current year asFiscal Year. Then, click on to display balances.

Vendor numberUS00

current year

Double click on month balance to see line items.

You can see that the document status is open, meaning your vendor has notbeen paid yet.



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Step 11: Post Payment to Landlord

Task Issue a payment to your landlord. Time10 min

Short DescriptionIssue a payment to Cardinal Properties to settle the Accounts Payable for thismonths rent. A journal entry is made to Accounts Payable for Cardinal Properties and to thebank checking account in the G/L.


To issue a payment, follow the menu path:

Accounting Financial accountingAccounts payable

Document entryOutgoing paymentPost

Menu path

Enter current dateas Document Date, your Bank Account 10###5,Amount 1500and Invoice HR-###as text.

Current date, 10###51500, Invoice HR-###

Under Open items selection, enter as Account your vendor number forCardinal Properties (use the F4 help if necessary) and leave all othersettings unchanged.

Select and review the line item information.

Vendor number

When assignment has been made correctly the Not assigned value on the

bottom should equal $0.00.

Click on to save your payment.

Click on the exit icon to return to the SAP Easy Access screen. Confirmthe warning with a click on yes.


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CASE STUDY

Step 12: Display and Review General Ledger Account Balancesand Individual Line Items

Task Display and review General Ledger account balances. Time5 min

Short DescriptionDisplay and confirm the activity and associated balance for the account usedin the previous exercise.


To display G/L account balances, follow the menu path:

Accounting Financial accountingGeneral ledgerAccountDisplay Balances (New)

Menu path

Enter your Account number 10###5, Company Code US00, and thecurrent year asFiscal Year. Then, click on .

10###5US00

current year

Double click on month balance to see line items.

Verify details of Document #, Type, Amount and Comments.



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CASE STUDY

Step 13: Display and Review Accounts Payable Balances andIndividual Line Items

Task Display and review Accounts Payable balances. Time5 min

Short DescriptionDisplay and confirm the activity and associated balance for the AccountsPayable for Cardinal Properties.


To display Accounts Payable balances, follow the menu path:

Accounting Financial accountingAccounts payableAccount Display/Change line items

Menu path

Enter your vendor number using the F4 help with search term ###,Company code US00, and select all items. Then, click on .

Search term ###US00

all items

Verify details of Document #, Type, Amount and Comments. Notice thatthis display gives you a different view of the vendor account. The firstcolumn should indicate with the green square that the document is cleared.



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CASE STUDY

Step 14: Run Financial Statement

TaskUse the SAP menu to run a trial financial statement. Time5 min

Short DescriptionRun a trial financial statement.

Name (Position) Shuyuan Chen (Chief Accountant)

To view a balance sheet, follow the menu path:

Accounting Financial accountingGeneral ledger Information systemGeneral ledger reports (new)FinancialStatement / Cash FlowGeneralActual/actual comparisons

Financial statement

Menu path

Enter Chart of accounts GL00, Company code US00, Financial statementVersion G###, and the current yearas Reporting year. Choose ALV treecontrol with the layout 1SAPfor the list output.

GL00, US00G###, current year

1SAP

Then, click on . Confirm Warning Messages by clicking on .


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CASE STUDY

Depending on previously done exercises and case studies the value in yourstatement will differ. You can find your bank account under Assets->Cash& Cash Equivalents.



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CASE STUDY

FI Challenge

Learning Objective: Understand and perform a financial accounting process. Time30 Min

Motivation:After you have successfully worked through the Financial Accountingcase study,you should be able to solve the following task on your own.

Scenario: The financial accounting system has now been tested without any errors. Therefore,the corporate management has decided to convert the system into the production operation. As afirst order/request you should pay the new tool supplier Burgmeister Zubehr OHG. In order todo that, you will create the cost element tool expenses. Subsequently, you will receive an invoicefor more than 3000from Burgmeister Zubehr KG which has to be settled. You will review theimpact on the financial statement at the end.

Task Information Since this task is based on theFinancial Accountingcase study you can use itas guidance. However, it is recommended that you solve it without any help in order to test youracquired knowledge.

intro erp using gbi case study fi[letter] en v2.40

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