Find out how the new G/L in SAP ERP can help you meet International Financial Reporting Standards (IFRS) and US GAAP reporting requirements. Take a look at the updated data structure in the new G/L, and learn how it can simplify data management and increase flexibility for consolidated reporting and analysis.

• Gain an understanding of how document splitting can be used to support financial statements at the segment level.
• Acquire tips and tricks for using the zero-balancing functionality to get a zero balance on selected characteristics in financial postings.
• Watch a demo of document splitting on segments, and review the way financial statements and reports are generated using segments.
• Walk through the key configuration steps for splitting and zero balancing.

Releases covered: ECC 5.0 | ECC 6.3
Session presented by: Stuart Paradies, Odyssey Business Consulting Services

This special tutorial provides a comprehensive guide and introduction to the new G/L available with SAP ERP. Watch this unique session to understand the key differences between the new G/L and the classic SAP R/3® G/L. Navigate key decision points and considerations involved in implementing or upgrading to the new G/L.

• Become familiar with the migration toolset available to customers transitioning to the new G/L.
• Determine if, when, and how to use document splitting to attain full financial statements at either the segment or profit center level.
• Acquire tips to configure new ledgers for parallel accounting that support additional local currencies and multiple accounting standards, such as US GAAP and IFRS.
• Gain an understanding of how changes to profit center and cost of sales accounting could impact your current processes.
• Explore and view demos of the new G/L's multi-dimensional reporting capabilities for legal, segment, and management reporting.

Releases covered: ECC 5.0 | ECC 6.4
Session presented by: Stuart Paradies, Odyssey Business Consulting Services

Watch this session for a firsthand look at how the new G/L in SAP ERP supports parallel accounting requirements. Learn how parallel accounting could help you more easily consolidate financial statements that comply with IFRS, GAAP, and other country-specific accounting regulations. Compare the parallel ledger to the use of additional accounts or company codes, and determine which approach is the best fit for your business.

• Learn how to use leading and non-leading ledgers to facilitate reporting out of multiple ledgers.
• Explore new capabilities for assigning fixed asset depreciation areas to additional ledgers, further supporting parallel accounting.
• Step through a demo of how to set up foreign currencies using the parallel ledger in SAP ERP.
• Acquire examples of how to configure different ledgers and update them according to different accounting regulations.

• Releases covered: ECC 5.0 | ECC 6.0
• Session presented by: Stuart Paradies, Odyssey Business Consulting Services

Expand your knowledge of the new SAP G/L (available in SAP ERP) and get expert advice for how to configure it. Consider critical factors that affect the risk of implementing or migrating to the new G/L, including master and organizational data management, transactional data integrity, and financial reporting compliance.

• Find out how to ensure data and process integrity by avoiding too many parallel ledger setups.
• Reduce the impact high data volumes could have on system performance by activating document splitting functionality.
• Understand why it pays to be cautious when updating profit centers with segments.
• Acquire best practices and configuration tips for utilizing simulation, inheritance, and setting zero balance constants.

Releases covered: ECC 5.0 | ECC 6.1
Session presented by: Mitresh Kundalia, Quality Systems & Software

Examine the rules, transactions, and methods for document splitting in the new G/L (available in SAP ERP). Walk through examples of financial transactions that illustrate the primary concepts of document splitting. Determine whether document splitting on characteristics, such as profit centers or segments, is right for your company and learn how to activate each method.

• Differentiate between passive splitting, active splitting, and splitting using zero-balancing.
• Identify 7 key steps to configure document splitting in your own system.
• Obtain a step-by-step method for how to use document splitting to attain full financial statements at the segment and profit center levels that comply with International Accounting Standards (IAS) regulations of segment reporting.

Releases covered: ECC 5.0 | ECC 6.2
Session presented by: Mitresh Kundalia, Quality Systems & Software