After you complete your FI and CO in-class use cases, you should be able to use them to execute this assignment:

You were transferred to the GBI location in Germany (company code DE00) and you are in charge of the month end close of FI and CO:

At the beginning of the current month, you received the revised version of the Germany company code budget. It shows rent (75###5) is EUR 1,000 for each of the following cost centers (CC-FI###, CC-IC###, and CC-IT###). To simplify your work, you decided to create cost center group GROUP### under controlling area EU00.

The existing rent allocation involves the number of employees (CC-FI###: 10 employees, CC-IC###: 7 employees, and CC-IT###: 8 employees). You have done this before and decide to keep the same naming convention used for statistical key figures.

Rent invoice from Cardinal Properties are received on the 1^st day of the current month for EUR 3,000 with invoice reference A120057. Cardinal Properties is a new vendor in Germany.

You realized that the vendor is a subsidiary of the same vendor that you created before in GBI US,

You also remembered your SAP professor from college recommended you extend existing vendors rather than create new ones. The address of Cardinal Properties in Germany is 1500 Unification Ave, Berlin, 10115, Germany

The instructions call to pay the rent (EUR 3,000) with posting date of 10/19/2018 using GL bank account 10###5

Complete the rent expense allocation process for the current month and compare the budget for each cost center with the results of the allocation.

Question: Is the budget for each cost center enough to cover the rent allocation? If not, explain why you have differences.

Hint: Since you are transacting in a new company code (DE00), it may be necessary to create all master records that you may need (GL accounts, Cost elements, Cost centers, Cost Centers group and statistical key figures).

Provide an excel file documenting every master record created, transaction posted and displayed document revised using the following headers and post it via Blackboard before 11:59 PM on the due date.

Sequence of steps (e.g. 1)

Task (e.g. Review GL account master record in company code DE00)

Transaction code (e.g. FS02)

Master record/Document created (e.g. 75###5)