The number interval from which the account number is selected when a G/L account

is created.

FI- CO End User Training Module

2009
Gr e a v e s Co t t o n Li m i t e d Page 2
The account group determines:
The number interval from which the account number is selected when a G/L account
is created.
The screen layout for creating G/L accounts in the company code-specific area
Parallel Accounting
General Ledger Accounting allows us to perform parallel accounting by managing
several parallel ledgers for
different accounting principles.
Integration of Legal and Management Reporting
In General Ledger Accounting, we can perform internal management reporting in
parallel with legal reporting. For
this purpose, the Profit center accounting functions are integrated with General
Ledger Accounting.
Segment Reporting
General Ledger Accounting supports the segment reports required by the
accounting principles IFRS(International
Financial Reporting Standards) and USGAAP(Generally Accepted Accounting
Principles). For this purpose, General
Ledger Accounting contains the segment dimension.

Controlling area
The Controlling Area is an entity in Controlling. All the COtransactions in R/3 system
would be entered with respect to the
controlling area. There will be one controlling area (1000 GreavesControlling Area)
to which all the company codeswill
be assigned. All Company codes shall use same Chart of Accounts and Fiscal Year
Variant.
Fiscal Year
Usually a period of twelve months for which a company regularly creates financial
statements and checks inventories
The fiscal year may correspond exactly to the calendar year, but this is not
obligatory.
In Greaves Cotton Limited And Premium Energy Transmission Limited we will be
having to Fiscal Year
1. 0L- Fiscal Year From April to March. It will be leading Ledger .
2. SL- Fiscal Year From July to June. It will be Secondary Ledger .
We have to enter the documents in any one ledger and the entry will be posted in
other ledger accordingly.
Posting Period and Counting