Chapter 03: Financial Accounting

Exercise 03-01: Review Master Data

Multi Company Code
Version 3
Rev: 12/19/2011

Introduction
General Notes and Information
It is strongly recommended that you read through the entire exercise prior to starting. Not all
instructions can be provided in a linear manner.
The following symbols are used to indicate important information, as described below:
An arrow highlights an important instruction that must not be overlooked.
A pencil prompts you to write down an important piece of information.
Each student or group will be assigned a unique two-digit identifier. This identifier is used in all
exercises to uniquely identify your data. Whenever you see ## in these exercises, replace it with
your identifier.
Always work with your data.
Business Process Overview
The financial accounting process allows GBI to pay vendors for services and materials acquired.
This process can be used to pay for liabilities that GBI has incurred due to normal operations.
This exercise will show you how to review both General Ledger accounts and Profit & Loss
accounts.
Exercise Prerequisites
There are no prerequisites.

Chapter 03, Exercise 03-01, Revised: 5/18/2012

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Exercise Workflow
Review BS
Accounts

Review P/L
Accounts

Exercise Deliverables
Deliverables are consolidated into one worksheet at the end of this exercise. For this exercise you
will need the following deliverables.
In the System:
View GL Account Bank
View P/L Account Supplies Expense.
On Paper:
Answers to the Questions
You may be assigned additional deliverables. Make certain to check with your instructor.

Chapter 03, Exercise 03-01, Revised: 5/18/2012

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Step 1: Review Balance Sheet Account (Bank)

Review BS
Accounts

Review P/L
Accounts

In this step, you will view the Bank account in the General Ledger. The General Ledger displays
the current balance of the account, as well as the individual transactions.
Step 1.1:

Navigate to the transaction to review balance sheet account.

Navigation
Accounting Financial Accounting General Ledger Master Records G/L Accounts
Individual Processing Centrally

Q1: What is the transaction code to view a balance sheet account:

Step 1.2:

In the Edit G/L Account Centrally screen enter the following information:

Field Name
G/L Account
Company Code

Data Entry
Code for the Bank Account
Code for your GBI US

Hint: To search, place the cursor in the field, and click

When searching for the Bank G/L Account, make sure you enter your GL## in the Chart of
Accounts field and change the Maximum No. of Hits to 5,000.
(ENTER)
Q2: What is the G/L Account number for the Bank Account:

Type/Description tab
Q3: What is the Account Group:

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Control data tab

Q4: What is the Account Currency:

Q5: Is posting to this account without tax allowed:

Q6: What does the Tax Category E0 stand for (Hint: To look up possible entries, press F4
button while having your cursor in the tax category field):

Q7: What does the Sort Key 003 sort the accounts by:
Q8: What is this Bank account sorted by:

Create/Bank/Interest tab
Q9: What is the field status group:
Q10: Is this account relevant to cash flow:
Q11: Are postings to this account done automatically:

Key word/translation tab

Q12: What are the language keys defined for this account:
Q13: Why do we have those particular languages defined for GBI:
Exercise Deliverables
In the System:
Display the GL Bank Account
On Paper:
Answers to the Questions

Chapter 03, Exercise 03-01, Revised: 5/18/2012

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Step 2: Review Profit and Loss Account Supplies Expense

Review BS
Accounts

Review P/L
Accounts

In this step, you will view the Supplies Expense account in the General Ledger. The General
Ledger shows the current balance of the account, as well as the individual transactions.
Step 2.1:

Navigate to the transaction to review profit and loss accounts.

Navigation
Accounting Financial Accounting General Ledger Master Records G/L Accounts
Individual Processing Centrally

Q14: What is the transaction code to view a profit and loss account:
Step 2.2:

In the Edit G/L Account Centrally screen enter the following information:

Field Name
G/L Account
Company Code

Data Entry
Code for the Supplies Expense
Code for your GBI US##

Hint: When searching for the Supplies G/L Account, make sure you enter GL## in the Chart
of Accounts box and change the Maximum No. of Hits to 5,000.
(ENTER)
Q15: What is the G/L Account number for the Supplies Expense:

Type/Description tab
Q16: What is the Account Group:
Q17: List five other Account Groups available:

Control data tab

Q18: What is the Account Currency:
Q19: Is posting to this account without tax allowed:

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Create/Bank/Interest tab
Q20: What is the field status group:

Q21: What does the field status group determine (Hint: To look up definition, press F1 button
while having your cursor in the field status field):

Q22: What is the ZREV field status group (Hint: To look up possible entries, press F4 button
while having your cursor in the field status group):

Q23: What is the B1 Planning Level:

Q24: What are Planning Levels used to control:

Exercise Deliverables
In the System:
Display the cost center report
On Paper:
Answers to the Questions

Chapter 03, Exercise 03-01, Revised: 5/18/2012

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Attachment 1: Exercise Worksheet

Name(s):_________________________________
Course & Section: _______________________
Identifier: _______________________________
Client: __________________________________
What is the transaction code to view a balance sheet account:

What is the G/L Account number for the Bank Account:

What is the Account Group:

What is the Account Currency:

Is posting to this account without tax allowed:

What does the Tax Category E0 stand for (Hint: To look up possible entries, press F4
button while having your cursor in the tax category field):

Q7: What does the Sort Key 003 sort the accounts by:

Q8: What is this Bank account sorted by:

Q9: What is the field status group:

Q10: Is this account relevant to cash flow:

Q11: Are postings to this account done automatically:

Q12: What are the language keys defined for this account:

Q13: Why do we have those particular languages defined for GBI:

Q14: What is the transaction code to view a profit and loss account:

Q15: What is the G/L Account number for the Supplies Expense:

Q16: What is the Account Group:

Q17: List five other Account Groups available:

Q18: What is the Account Currency:

Q19: Is posting to this account without tax allowed:

Q20: What is the field status group:

Q21: What does the field status group determine (Hint: To look up definition, press F1 button
while having your cursor in the field status field):

Q22: What is the ZREV field status group (Hint: To look up possible entries, press F4 button
while having your cursor in the field status group):

Q23: What is the B1 Planning Level:

Q24: What are Planning Levels used to control:

Q1:
Q2:
Q3:
Q4:
Q5:
Q6: