So under controlling, these are the major topics that we are going to see: Basic Settings in CO. Cost Element Accounting Cost Center Accounting. Assessment and Distribution Internal orders Profit center accounting Product Costing (overview) Profitability Analysis (overview) So these are the [...]
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So we were going through the EBS, electronic bank statement settings for Chart of accounts, DRCA. So, with reference to that, we have created certain accounting symbols. See, we have created certain account symbols. These are all account symbols: DRLB bank charges, DRLB cheque issued out, [...]
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Now next, we’ll take up bank reconciliation statement. Again, bank reconciliation statement I think most of us have studied it in BCom long back. We don’t even remember the the full form of the BRS also. So BRS means bank reconciliation statement. First of all, my first question is, [...]
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So, let’s enter a credit memo for customer. So, we use FB70 to enter a customer invoice. If you want to enter a credit memo, we can use FB75. And the screens are exactly the same, but it will say credit memo here. So let me choose my company. If you want to post in […]
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So, let’s start with the accounts receivable. It is exactly like accounts payable, very similar. We have to see account groups, assign account groups to number ranges exactly like what we did in the AP. So let me go over to the document that I have, FI Config-4. So, for this, we have to [...]
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So, in the last class we did the credit vendors and then we configured the payment program. We paid our vendors by check. Let me just go over it one more time. I’ll just enter invoice, do a payment run, and then the new thing that we’ll do is we will reverse that check. If […]
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So now whatever the foreign currency valuation that we are going to take up, so foreign currency valuation, we have to do it with the help of an execution cycle. So the path for that is Accounting, Financial Accounting, General Ledger, Periodic Processing, Closing, Valuate, FAGL_FC_VAL – [...]
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So this is a document which we have seen yesterday: So on 01.10.2013, imagine that we have purchased raw material on 45 days credit term. So at the time, the exchange rate is going to be 60 rupees against 1 USD. So raw material account return to vendor account when you purchase material. So 100 [...]
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So loss on foreign currency valuation unrealized account return to balance sheet adjustment account. So this balance sheet adjustment account is nothing but that will be nullified. And, because now since there is a increase in the exchange rate, I need to book this expenditure because I need to [...]
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So we are starting intercompany postings. This can be called as intercompany postings or cross company code postings. So, we have a company called DRL, that is doctor Reddy Labs Group. In that, we have one company code is doctor Reddy Labs Bulk drugs, another one is doctor Reddy Labs Pharma. In [...]
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