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Since the first teach of AC207 – Parallel Accounting and Reporting was completed earlier in March, I have received numerous questions from customers and partners about the course content and value proposition.  For those who have already begun the IFRS-related learning journey with SAP Education, I thank you very much.  And for those who are still in the evaluation phase or haven’t begun the IFRS migration discussions, let me show you how to begin your journey from an SAP Education learning perspective…

 

AC207 – Parallel Accounting and Reporting (see North American course description and schedule)

 

Business Benefit: The AC207 course will help you to understand basics regarding the mapping of parallel valuation/accounting in a SAP ERP system. After the course you should be able to describe, configure and operate the accounts and the ledger solution (within new G/L) on the basis of some typical showcases. Recently updated for IFRS adoption, you should also be able to fulfill typical reporting requirements for international valuation standards. You will get a short overview of (additional) topics/processes which can be affected due to parallel valuation and will be able to outline the steps needed to be done to get a SAP system with release ECC 6.0 (with Enhancement Packages) and activated new G/L.

 

Delivery Type: AC207 is delivered both in the classroom and virtually (remote classroom)

 

 

Course Based on Software Release: SAP ERP 6.0 with Enhancement Package 4

 

 

Prerequisites:

 

  • Essential
    • Good understanding of processes and configuration in SAP ERP
    • Financial Accounting or attendance at AC010
  • Recommended
    • Familiarity with the new general ledger, e.g. attendance at AC210 or AC612
    • Basic knowledge in local and international accounting principles

 

 

Audience:

 

  • People (with FI background) interested in the ways of mapping parallel accounting in a SAP ERP System
  • People responsible for implementing a parallel valuation/accounting, e.g. because IFRS and/or US-GAAP and/or a tax valuation will be needed in future
  • (SAP) Consultants (and auditors) in the area SAP ERP Financial Accounting

 

 

Course Goals:

 

  • Explain why parallel accounting is needed;
  • Understand the (two) different ways supported by SAP, regarding a mapping of parallel valuation (when using new G/L);
  • Configure important topics of both approaches;
  • Describe significant examples (within FI) in which parallel values occur and operate them in the SAP system;
  • Fulfill reporting requirements, e.g. segment reporting (=> IFRS 8);
  • Understand the (technical) steps/projects needed to be done to run an ECC6.0 system with activated new G/L.

 

Course Detailed Content

 

AC207, Unit 1: Basics

Unit Overview

In a SAP ERP system with activated new G/L there two recommended possibilities to map parallel accounting. Regardless which way of picturing a parallel valuation in a SAP ERP system (with activated new general Ledger) is chosen, there are some items which apply to both alternatives. 

 

Unit Objectives

After completing this unit, you will be able to:

  • … describe why parallel accounting is needed
  • … explain that full posting is preferred in comparison to a delta logic
  • … mention the two solutions recommended by SAP when using the new general ledger
  • … explain the recommended solution if using classic G/L
  • … to remember that SAP will offer an additional training in the area of Parallel Accounting

 

AC207, Unit 2: Accounts solution

Unit Overview

One possibility of mapping parallel accounting in SAP ERP, no matter if new or classic general ledger is used, is the accounts solution. It is now explained in detail and demonstrated on basis of some typical FI examples.

 

Unit Objectives

After completing this unit, you will be able to:

  • … understand the logic of the accounts solution
  • … understand the operating mode of the accounts solution in connection with provisions, e.g. as described in IAS 37
  • … post and analyse provisions with different valuation amounts
  • … understand the operating mode of the accounts solution in connection with the valuation of open items posted in a foreign currency, e.g. as described in IAS 21
  • … post, evaluate and analyse open items in a foreign currency
  • … understand the operating mode of the accounts solution in connection with the value adjustment of accounts receivables
  • … post, evaluate and analyse the value adjustment of accounts receivables
  • … operate the program for a flat-rate individual value adjustment
  • … understand the operating mode of the accounts solution in connection with the FI subledger Asset Accounting
  • … post and analyse asset transactions with different valuation amounts

 

AC207, Unit 3: Ledger solution (within new G/L)

Unit Overview

With activated new general ledger it is possible to use the ledger solution (within in new G/L) to picture parallel accounting. It is now explained in detail and demonstrated on basis of some typical FI examples.

 

Unit Objectives

After completing this unit, you will be able to:

  • … understand the logic of the ledger solution (within new G/L)
  • … understand the operating mode of the ledger solution in connection with provisions, e.g. as described in IFRS 37
  • … post and analyse provisions with different valuation amounts
  • … understand the operating mode of the ledger solution in connection with the valuation of open items posted in a foreign currency, e.g. as described in IAS 21
  • … post, evaluate and analyse open items in a foreign currency
  • … understand the operating mode of the ledger solution in connection with the value adjustment of accounts receivables
  • … post, evaluate and analyse the value adjustment of accounts receivables
  • … operate the program for a flat-rate individual value adjustment
  • … understand the operating mode of the ledger solution in connection with the FI subledger Asset Accounting
  • … post and analyse asset transactions with different valuation amounts

 

AC207, Unit 4: Selected financial reporting requirements

Unit Overview

International accounting principles often require more reporting issues than local standards. Two of them are segment reporting and a provision history sheet.

 

Unit Objectives

After completing this unit, you will be able to:

  • … understand the applicability and standard derivation of the entity “Segment”
  • … comprehend the new G/L function “document splitting”
  • … execute and navigate in drilldown reports
  • … create a provision history sheet by using the reporting tool Report Painter
  • … explain the SAP approach to report a profit and loss statement via cost of sales accounting
  • … name and describe the mode of operation regarding reclassification of account receivables/account payables

 

If you have questions about the AC207 course or its contents, please contact Ken Schieffer at kenneth.schieffer@sap.com or at the Education@SAP LinkedIn group (http://www.linkedin.com/groups?gid=1856570).

 

Register online for a North American AC207 event or call SAP Education’s Central Registration at 1-888-777-1727, option 1.

  

Upcoming AC207 NA Course Schedule:

  • April 19-21     Virtual Classroom

  • June 2-4        Dallas

  • July 28-30     King of Prussia, PA

  • Sept 15-17     Virtual Classroom

  

OTHER RECOMMENDED FINANCIAL ACCOUNTING COURSES:

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