15. Account Determination (1hr 05min)

Question 1

1. What are module objectives? (3 items):

Answer 1

1. Describe where account determination is used;
2. Describe the account determination process;
3. Explain how to use and determine business areas.

Question 2

2. What is the module content? (2 items)

Answer 2

1. Account determination process and areas;

2. Account assignment for business areas.

Question 3

3. Explain the areas of use of account determination (4 items):

Answer 3

1. G/L accounts for posting sales revenue, sales deductions and VAT are determined automatically when data is transferred from the billing doc to FI;
2. For cash sales, a G/L account must be set in the document for cash settlement (no posting to customer account);
3. In addition, the system can determine a reconciliation account that is different from the account in the payer master record;
4. When using payment cards, you also need to post to differing G/L accounts.

Question 4

4. List the account assignment criteria in billing (5 items):

Answer 4

1. Chart of accounts (by company code);
2. Sales organization (to COA via company code);
3. Assignment of customer account group for payer: allows to group customers, such as domestic and overseas;
4. Assignment of material account group: allows to group materials, such as services and retail goods;
5. Account key: are assigned to condition types in the pricing procedure, so that conditions, such as freight, can be posted to special freight revenue accounts.

Question 5

5. Explain revenue account determination (5 items):

Answer 5

1. Account determination is carried out using the condition technique;
2. The account determination procedure is determined by the billing type;
3. Each determination procedure contains one or more condition types to which an access sequence is assigned;
4. Each access sequence consists of accesses that are used to find the G/L accounts to which the entries have to be posted;
5. The account for VAT is not determined in account determination. The assignment is stored in Customizing for FI (i.e. Financial Accounting / Financial Accounting Global Settings / Tax on Sales / Posting / Define Tax Accounts).

Question 6

6. Explain account assignment for business areas (5 items):

Answer 6

1. Business areas are defined in FI;
2. Use business areas to report financial information across several company codes across fields of activity (e.g. division);
3. Business area balance sheets and profit and loss statements can only be used for internal reporting;
4. G/L accounts can be posted by the business area;
5. The business area has no fixed assignment in Customizing and is determined per order item according to certain rules.

Question 7

7. Explain the different rules that are available for determining the business area (3 items):

Answer 7

1. By plant and item division;
2. By sales area;
3. By sales organization, distribution channel and item division.