ACCT 6338 ? Accounting Systems Integration and Configuration with SAP

ACCT 6338 - Accounting Systems Integration and Configuration with SAP Homework #2 - GBI Phase I Materials Client: SAP ID: NAME: Part A: Enterprise Structure 1. (6 points) PART A: Explain what organizational structures are and why must you have them for configuration of SAP? PART B: What are the key organizational structures in FI and how are they used? PART C: In more detail explain what you are doing in Phase I, Part A and why? 2. (2 points) I.1.9: Assign Company Code to Controlling Area - Do a cut and paste of the SAP screen into your homework assignment to show that the proper company code was assigned to your controlling area. 3. (2 points) I.1.12: Assign Permitted Credit Control Areas to Company Code - Do a cut and paste of the screen into your homework to show that the permitted credit control area is assigned to the related company code. Part B: Processes 4. (3 points) I.2.1: Assign Company Code to Field Status Variant - After completing this step, go back through the menu path specified here and do a cut and paste of the SAP screen (cut out enough of the screen so we can verify this path and that your Company Code US## has a field status variant of GL## assigned to it). 5. (3 points) I.2.2: Define Account Group - Go through the menu path stated here. When you get to the listing click (orange highlight) the line with your chart of accounts GL## and the Group for Reconciliation Accounts 110000 - 310000. Do a cut and paste of the screen and include in your homework document from here. Part C: Master Data 6. (5 points) I.3.1: Define Retained Earnings Account - PART A: Once you complete this exercise, go into display mode and do a cut and paste of the SAP screen into your homework document. PART B: What will this account be used for? 7. (7 points) I.3.3: Define Standard Hierarchy - PART A: Once you complete this exercise, go into display mode and do a cut and paste of the SAP screen and include it in your homework document PART B: What will this hierarchy be used for and how does it demonstrate the power of CO integration in the SAP system? Part D: Testing 8. (2 points) I.4.2: Enter G/L Account Document - In the steps of posting accounting entries relate to the Supplies Expense Account, why the SAP system requires you to assign a Cost Center for this account? 9. (2 points) I.4.2: Enter G/L Account Document - What is the relationship between Prepaid Rent and Rent Expense? 10. (6 points) CHALLENGING STEP! I.4.2: Enter G/L Account Document - Show the screen shots of the two accounting entries relate to fixed assets accounting. (Tip: one is for assets purchasing and another is for assets depreciation) Part E: Comprehensive Questions 11. (2 points) Part A: What module in SAP is considered to be the \"heart\" of the system and why? What is the \"heart of the heart\" and why? 12. (4 points) Part A: Asset Explorer is one of the most useful tools for assets accounting in SAP. Explain in your words how it works? Part B: In the Assets Explorer, why are the numbers for book depreciation and federal tax depreciation are different? Is this difference a mistake in SAP or due to some other reasons? Explain. 13. (2 points) Why must you make sure that all accounts in the chart of accounts are set-up appropriately before transactions happen? 14. (3 points) (HARD) Post an accounting entry: Debit: Common Stock $100, Credit: Bank Account $100 and reverse the entry. Please paste the screen shots of the original entry and the reversing entry here. 15. (1 points) (HARD) Change the Reference of the reversing entry to \"Reversing US##\" and paste the screen shot showing the changes here