Jayda Hill_TRA 4202_CH3-02 Financial Accounting Process Execution_021824

.docx

School

Florida International University *

*We aren’t endorsed by this school

Course

4202

Subject

Accounting

Date

Apr 3, 2024

Type

docx

Pages

29

Uploaded by SuperHumanLightning12022

Chapter 03-02: Financial Accounting Process Execution PREREQUISITES 1. You should be familiar with navigation in SAP HANA 2. Completed Exercises Ch. 02-01 & 03-01 MOTIVATION In this exercise, you will do the following for the Financial Accounting processes: 1. Invest into GBI 2. View Account Balances 3. Purchase Supplies with Cash 4. Purchase Supplies via Payables – Misc. 5. Pay Rent PRODUCT SAP S/4HANA 1709 REVISED 03/21/2020 FOCUS Financial Accounting AUTHORS Simha R. Magal Jeff Word VERSION 1.4 MCC TESTED Date: 03/21/2020 System: MGL ACKNOWLEDGEMENT These are the GBI exercises developed by Simha R. Magal and Jeff Word. These exercises include concepts discussed in the book, Integrated Business Processes with ERP Systems (Epistemy Press, 2012).
© 2020 Epistemy Press, LLC. Screenshots © 2020 SAP SE Chapter 03: FI Process Execution Page 2 of 29 © 2020 Epistemy Press, LLC.
Part 1 - Table of Contents Table of Contents Section 1.1: Invest into GBI .......................................................................................................................... 3 Section 1.2: View Account Balances ............................................................................................................ 5 Section 1.3: Purchase Supplies for Cash ...................................................................................................... 7 Section 1.4: Purchase Supplies via Payables – Misc ..................................................................................... 9 Section 1.5: Pay Rent ................................................................................................................................. 12 Chapter 03: FI Process Execution Page 3 of 29 © 2020 Epistemy Press, LLC. Invest into GBI (I) View Account Balances (II) Purchase Supplies with Cash (III) Purchase Supplies via Payables - Misc. (IV) Pay Rent (V)
In this section, an outside investor invests $60,000 into GBI. You must record this transaction in GBI’s books within SAP. You will credit $60,000 to GBI’s common stock (shareholder equity) account and debit the same amount to GBI’s Bank Account within the SAP system. Step: 1.1.1: In the “SAP Easy Access” screen, follow the navigation path below: Navigation SAP Easy Access Menu Accounting Financial Accounting General Ledger Document Entry Enter G/L Account Document 1: What is the transaction code to post a journal entry? FB50 You may be required to enter in your company code. If you are not asked to enter in your company code and the transaction does not say your company code at the top of the screen, you can change the current company code to yours by clicking Switch Company Code . Step: 1.1.2: In the “Enter G/L Account Document: Company Code US##” screen, enter the following information: Chapter 03: FI Process Execution Page 4 of 29 © 2020 Epistemy Press, LLC. Section 1.1: Invest into GBI Invest into GBI (I) View Account Balances (II) Purchase Supplies with Cash (III) Purchase Supplies via Payables - Misc. (IV) Pay Rent (V)
Attribute Description Data Value Document Date Date on which the original document was issued Today’s Date Posting Date Date which is used when entering the document in Financial Accounting or Controlling. Today’s Date Chapter 03: FI Process Execution Page 5 of 29 © 2020 Epistemy Press, LLC.
Step: 1.1.3: At the bottom of the screen, enter the following information: Attribute Description Data Entry G/L acct The G/L account to which the transaction figures are updated Your Bank Account D/C Shows on which side of the account transactions are updated. Debit Amount in doc. Curr. Line item amount in document currency 60000 Next Line G/L acct The G/L account to which the transaction figures are updated Your Common Stock D/C Shows on which side of the account transactions are updated. Credit Amount in doc. Curr. Line item amount in document currency 60000 Step: 1.1.4: Press Enter . Notice the status light will turn to green when done correctly. Step: 1.1.5: Click Post . Make sure you click POST. DO NOT click PARK . You will receive a message that says “Document was posted in company code US##” Chapter 03: FI Process Execution Page 6 of 29 © 2020 Epistemy Press, LLC.
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
  • Access to all documents
  • Unlimited textbook solutions
  • 24/7 expert homework help