Hierarchy
EA-FIN (Software Component) EA-FIN⤷
FI-GL (Application Component) General Ledger Accounting⤷
FI_PARA_CUST (Package) Customizing for Parallel Valuation Methods
IMG Activity
| ID | FIGL_PARA_CFM | Parallel Accounting in Corporate Finance Management |
| Transaction Code | S_ALN_01000638 | (empty) |
| Created on | 20020124 | |
| Customizing Attributes | ACC_GL_PARA_K_U_A | Parallel Valuations: Optional Activity |
| Customizing Activity |
Document
| Document Class | SIMG | Hypertext: Object Class - Class to which a document belongs. |
| Document Name | FIGL_PARA_CFM_DC |
In Corporate Finance Management (CFM), various accounting principles are depicted over the valuation area. If you want to valuate and balance in your SAP system according to parallel valuation methods, that is, according to various accounting principles, you must create a valuation area for each accounting principle.
For each valuation area, you can choose between various classifications:
- You can divide your financial assets into various holding categories (valuation classes).
- You can define the structure of your balance sheet accounts using characteristics (differentiation concepts).
- For certain products, you can activate single position management (Lot Accounting) with different consumption sequence procedures (LIFO, FIFO etc.).
You control the valuation of your balance sheet accounts using position management procedures that you can assign to the balance sheet accounts depending on valuation area, valuation class and other characteristics. The position management procedure contains the legally prescribed valuation approach for valuationg (such as lowest value principle or key date valuation) according to an accounting principle.
The results of parallel valuations are posted separately for each valuation area. For each valuation area, you can define whether the posting is to be made to the general ledger or to an additional ledger.
Business Attributes
| ASAP Roadmap ID | 204 | Establish Functions and Processes |
| Mandatory / Optional | 2 | Optional activity |
| Critical / Non-Critical | 2 | Non-critical |
| Country-Dependency | A | Valid for all countries |
Maintenance Objects
| Maintenance object type |
History
| Last changed by/on | SAP | 20030709 |
| SAP Release Created in | 110 |
