this part until you do some of the later transaction steps.)
Step 2: Examine System Settings
Write down the fiscal year variant for your company code. _____
2.1 What is the fiscal year variant for your company code (90XX) and what does this mean from the point of view of the accounting system?
2.2 The university would use fiscal year variant V6. Explain why this is the fiscal year variant for the university.
Step 3: Create a Material Master record for a Finished Product
3.1 What type of application control is used on the field “Base Unit of Measure”? (Pick from the list of controls on pages 1 & 2 of this assignment.)
3.2 What type of application control is used on the field “Gross Weight”?
3.3 How is the standard price used in the accounting system? (Think about what you did in your cost/managerial accounting class.)
Write down the message on the status bar. ___________________________________
Step 4: Create a Vendor Master record (we will buy the finished product from this vendor)
4.1 What did the system do as an application control? That is, how did the system know that this was wrong?
4.2 The “Rec. Account” is a very important entry. Explain this entry. (Hint: This links back to the account you looked at in the chart of accounts.)
4.3 What is a tolerance group and how would it be used as an application control? What type of application control is tolerance group?
4.4 What are the payment terms from this vendor? Since we are a new customer
for this vendor, we may be able to negotiate changing these terms in the future.
What factors would probably be important to getting more favorable terms?
Write down the message on the status bar. ____________________________________
Step 5: Create an Information record for Vendor/Material
5.1 What is this telling us? What kind of a system control is this particular message?
5.2 Explain how the above data can be a strong control in the purchasing process.
Write down the Information record number shown on the status bar. ______________________
Step 6: Check status of various accounts.
MM Inv. Qty GL Cash GL Inv. GL AP GR/IR Vendor Subledger
After Step 5
After Step 7
After Step 9
After Step 11
After Step 13
Step 7: Create a Purchase Order to buy the Finished Product
Write down purchase order number ___________________.
Step 8: Repeat the checks in step 6 and record in that table.
Step 9: Receive the Product from the Vendor
Write down Material document number ___________________.
Step 10: Repeat the checks in step 6 and record in that table.
Step 11: Receive the Invoice from the Vendor
Write down Invoice number ___________________.
Step 12: Repeat the checks in step 6 and record in that table.
Step 13: Make the Payment by Cash to the Vendor
Write down the document number. ____________________________
Step 14: Repeat the checks in step 6 and record in that table.
Step 15: Write down the journal entries the system made
By using the information contained within the table in step 6, construct all of the journal entries that were made by SAP for these transactions. Fo…