Calling Sap Fico Consultants

[silent_afdb_follower]

Company-4

 

Company-4 manufactures the hardware equipment for service providers. Its own service providers are Verizon and T-mobile.

I was involved in assisting the users in year-end closing activities and reconciling the inter-company transactions.

-----[Make a list of year end closing activities]------

We have implemented the Fixed Assets module for Tellabs and they have some client level requirements for which we have created some substitutions.

For financial statement version, they have lot of account groups. While doing a business transaction, if they use an account which comes under some account group, the cost center should be defaulted. This is applicable to even inter company transactions. If the substitution triggers a cost center, that will inturn have some rules for defaulting the plant. The business has a list of this requirements in several combinations and we have developed the subsitution and validation rules.

[Pre-requisite statement, substitution exit.]

The business have some foreign currency transactions which they wanted to valuate, translate and post the translated amount to the same account being translated. This is their requirement. [So, configured the system]

The business has been maintaining the assets manually and posting the depreciation in excel sheet according to the asset useful life. For tax reporting, they have used 150% DDBM for some asset classes and 200% DDBM for some asset classes. But they realized that the phase over was not properly done and some assets were depreciated more than they were supposed to because of this issue. So, we have then configured the system for fixed assets according to their business needs.

[Created the Chart of Depreciation, asset classes, account determinations, assigned the accounts with in the depreciation area.]

[Assigned the accounts in depreciation area 01. But we made the area non-postable. This is done for future use]

[ajnabee]

thnx mama