PART A
(4 points) Chapter 1 Exercise 1 -
Part A: Go back into this transaction and provide a screen capture of your modified data.
Part B: What is the benefit of having parameters set up for someone using SAP?
The benefit of having parameters set up for someone using SAP is that it establishes default entries for each individual user.
Exercise MM01 - Create General Ledger Reconciliation Account (Accounts Payable).
Part A: Go into display mode and show that you created this by showing a screen capture of the tab that shows the subsidiary ledger this account is related to.
Part B: What is a Reconciliation Account and how is it used in the ERP system SAP?
Part C: Do you post transactions directly to the subsidiary ledger or the general ledger? Part D: How does the subsidiary ledger and general ledger stay in balance?
Part A:
Part B:
The system will use the reconciliation accounts to update the subsidiary ledger in asset management automatically. This is why reconciliation accounts should not be posted directly to since direct postings will make the GL out of balance with the subsidiary ledger in asset management.
Our asset reconciliation accounts are balance sheet asset accounts such as land, buildings, machinery, equipment etc. along with investment in fixed assets.
Part C:
You do not post transactions directly to the subsidiary ledger or the general ledger because it will make it go out of balance.
Part D:
Exercise MM02 - Create Vendor Master Accounting Records -
Part A: Share a screen capture that shows this vendor master record.
Part B: What is your Vendor #.
Part C: Why did you need to create the general ledger reconciliation account in MM01 before doing this exercise MM02? Could you have done MM02 before MM01? Why or why not?
Exercise MM05 - Create Material Master for Raw Materials - What messages did you get for Material Paper_ _ _ and Material Wood_ _ _? Part B: Why might the Material Master be considered the most integrated record in SAP, particularly note how it is important for FI / CO (Accounting) Transactions?
Explain what you did in Exercises MM01 - MM08 and why you had to do this before starting the MM to FI business cycle?
PART B
Exercise MM09 - Create Purchase Requisition for Stock Items -
Part A: Include a screen capture of the finished Purchase Requisition in your homework assignment for this exercise.
Part B: Is there an accounting entry at this step? Why or why not? If there is an entry, please provide what that accounting entry is for your work on this step.
Exercise MM10 - Create Purchase Order -
Part A: Include your system message from completing this exercise.
Part B: Is there an accounting entry at this step? Why or why not? If there is an entry, please provide what that accounting entry is for your work on this step.
Exercise MM11 - Create a Goods Receipt -
Part A: Include a screen print of this entry from an accounting standpoint (showing the debits and credits).
Part B: Please explain this accounting entry.
Part C: Explain what the Goods Receipt / Invoice Receipt Account is and how it helps streamline and expedite the accounting entries in the MM to FI process?
Exercise MM12 - Create an Invoice Receipt -
Part A: Include a screen print of this entry from an accounting standpoint (showing the debits and credits).
Part B: Please explain this accounting entry.
Part C: Explain how Automatic Account Assignment enabled this transaction to happen "behind the scenes" as the business transaction happened.
Part A: In your words, briefly explain what you just did in exercises MM09 - MM12.
Part B: How do these exercises demonstrate integration of SAP's accounting information system with a companies' entire information system, give at least 2 specific examples of the integration of accounting with the ERP system overall.