Answer / bhaskar

GL master records control the posting of accounting
transaction to G/L accounts and the processing of the
posted data.The master data is created in the system before
making the postings to a G/L account.G/L account master
records are divided into two areas which makes company
codes with the same chart of accounts can use the same G/L
accounts.

(1) chart of accounts area: the chart of accounts area
contains the data that is valid for all company codes such
as account number.

(2) company code area: The company code specific area
contains data that must vary from one company code to
another,such as the currency in which the account may be
posted...

Answer / kumar

IT is two types of segments. 1) chart of a/c segment 2)
company code segment. it willbe created on this.

Answer / sandy

2 SEGMENTS:
CHART OF ACCOUNT SEGMENT
COMAPNY CODE SEGMENT

Answer / rakesh kumar

Here is 2 (Two) Segments of GL Master record

1. Company coad Segments
2. Chart of Account Segment

Answer / pavan

hi, g/l master record segment that chart of accounts,

account group
nature group
short group
g/l account long text
trading text
group account no
company code sement
currency
tax
reconcilation
OIM, LID,and FSG.

Answer / chinmay behera

hi, g/l master record segment that chart of accounts,

account group
nature group
short group
g/l account long text
trading text
group account no
company code sement
currency
tax
reconcilation

why g/l tolerance group z used?

3 Answers  

I have a company ABCD. under that i created three company codes using same fiscal year (April- March) and same chart of accounts. Three companies are located in different countries. One of the country located in USA. So i need to draw financial statements in USA for the period Jan- Dec. So anyone can explain how to draw financial statements respective period.

5 Answers   IBM,

How to configure the Operating Concern ?

1 Answers   Accenture, IBM,

Explain the process of calculating the planned activity output through long term planning?

0 Answers  

In Third Party sale process, I am getting an error- in MIRO(Error No. M8889-A/c 893010 has been set as not relevant for Tax, but when I want to change the Account Assignment in ME21 it is taking only G/L A/C 893010 and refusing all other G/L A/C's by giving 2 errors. They are ME045-G/L A/c 39010 cannot be used(please correct)and ME038-No direct posting can be made to G/L A/C 34000. Experts please share your knowledge to solve this problem. Warm Regards.

0 Answers  

where do you open and close periods.

2 Answers  

Explain the use of financial general ledger accounting (fi-gl)?

0 Answers  

Explain the importance of asset classes. Give examples?

0 Answers  

How to Verify Depreciation Balances with GL balances

3 Answers  

What is the trading partner concept? : fi- accounts receivable

0 Answers  

The Vendor have two different bank accounts in sap one in citi bank and another is hdfc bank but now the vendor demands that the company should pay him in two different bank accounts that is from ICICI Bank and Axis Bank but this banks are not configured in the system so how we should pay the required amount to vendor through APP. Please give me the required Suggestions.

1 Answers   KPMG,

What are the common reasons for errors in accounting and what impact do they actually have on the organization?

0 Answers