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    Unit 6 SAP

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    Andi
    This document discusses how costs and revenues are transferred from financial accounting to management accounting in real time. It provides details on how true and statistical postings work in management accounting, with true objects able to allocate costs while statistical objects cannot. The document also covers how commitments for future costs are recorded, and how postings are made from materials management, financial accounting, and human capital management to cost centers in management accounting.

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    Unit 6 SAP

    Uploaded by

    Andi
    115 views3 pages
    This document discusses how costs and revenues are transferred from financial accounting to management accounting in real time. It provides details on how true and statistical postings work in management accounting, with true objects able to allocate costs while statistical objects cannot. The document also covers how commitments for future costs are recorded, and how postings are made from materials management, financial accounting, and human capital management to cost centers in management accounting.

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    This document discusses how costs and revenues are transferred from financial accounting to management accounting in real time. It provides details on how true and statistical postings work in management accounting, with true objects able to allocate costs while statistical objects cannot. The document also covers how commitments for future costs are recorded, and how postings are made from materials management, financial accounting, and human capital management to cost centers in management accounting.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    115 views3 pages

    Unit 6 SAP

    Uploaded by

    Andi
    This document discusses how costs and revenues are transferred from financial accounting to management accounting in real time. It provides details on how true and statistical postings work in management accounting, with true objects able to allocate costs while statistical objects cannot. The document also covers how commitments for future costs are recorded, and how postings are made from materials management, financial accounting, and human capital management to cost centers in management accounting.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
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    Unit 6

    Integration Aspects of the Accounting Logic


    Business Example
    When actual cost/revenue are entered, the primary cost/revenue entered in
    Financial Accounting are transferred to Management Accounting. In Management
    Accounting, this transfer takes place in real time from Financial Accounting, Material
    Management, Sales Order Management, and Asset Accounting, where a cost
    accounting object is recorded during account assignment. You want to see how this
    affects other areas.
    In Management Accounting, you can display commitments for future costs in
    additional to the actual costs.
    Posting Data to Management Accounting
    When a Financial Accounting document is created that posts to an expense account
    using a corresponding cost element, a controlling document us also created. This
    Management Accounting document has a unique number and contains the following
    details :

    Management Accounting object that was posted to


    Cost element used
    Posted amount

    When a primary cost is initially posted to Management Accounting, it is treated as a


    one-sided journal entry, unlike a conventional, balanced financial accounting journal
    entry. Posting costs and revenues to Management Accounting in true and statistical
    posting. You can settle true posting with other Management Accounting objects.
    Statistical postings are for information purposes only.
    True Objects can act as sending or receiving objects during cost allocation.
    Statistical objects cannot allocate cost to other objects. You can make a statistical
    account assignment to any number of cost accounting objects. Statistical controlling
    objects include statistical orders, statistical projects, and profit center.
    Posting from Financial Accounting and Human Capital Management
    When a journal entry is created in Financial Accounting that includes an expenses
    line item, that expense can be posted to Management Accounting as a cost if the
    following conditional are met :

    A primary cost element that corresponds to the expense account used in the
    jpurnal entry is Financial Accounting has been created in Management
    Accounting

    A valid cost center is referenced in the Financial Accounting line item

    As a result, two separate documents are created : a Financial Accounting document


    and a management accounting document. Each document has a unique document
    number, and it is possible to drill down in either document to link to the other.
    Posting from Materials Management to a Cost Center
    Good issue transactions posted in the Material Management component can be
    assigned to a cost center. An example could be parts issued to an R&D cost center
    for constructing a product prototype. A good issue to a cost center creates a
    Financial Accounting transaction that debits a material consumption expense
    account and credits a material stock account. The cost center is debited with the
    value of the goods issued using primary cost element.
    Commitments
    Once posted, the purchase order record creates a commitment line item for the cost
    center entered in the purchase order item. The information system can be reported
    on outstanding commitments for a given cost center. Commitments for future costs
    are created in the Purchasing function of the Materials Management components :

    A purchase requisition represents the commitments in Management


    Accounting, you must assign a Management Accounting object to a purchase
    requisition item
    A purchase order is a contractual agreement to purchase goods or services
    from a vendor according to agreed conditions

    When you create a purchase order with reference to a purchase requisition, the
    commitments is reclassified in Management Accounting.
    Lesson : Statistical and Real Postings
    Business Example
    In most cases, costs are posted directly to the cost objects that cause them. In
    certain cases, however, it is advisable to post the costs to two objects at the same
    time. For example, a marketing manager might want to post costs from different
    marketing campaigns to two different object. This allows the campaign costs to be
    managed by the marketing cost center, but allows them to be motored separately.
    Posting to Statistical and Real Orders
    Statistical orders are typically used to evaluate costs that cannot be itemized in
    detail in Cost Center Accounting. Unlike real internal costs, you can neither settle
    statistical orders nor apply overhead to them

    In the example in the figure, the financial accounting document assigns the cost
    posting to both a cost center and statistical internal order. The costs will appear
    under the original cost element both on the cost center and on the order.
    Example : Statistical orders could be created for individual trucks motored in a
    vehicle pool cost center, Cost postings could be assigned to both the relevant order
    and the cost center. The real cost postings are accumulated on the cost center for
    the entire vehicle pool, whereas the individual orders retain the detail cost
    information for each vehicle

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