From Operational Accounting to Strategic Business Management with CBS’s NEXT ONE Finance

769 results

  1. Streamline Cross-Company Postings Using SAP Parallel Valuation and Transfer Pricing in an LIV Process

    Learn how to implement SAP transfer pricing and parallel valuation in goods receipt and an accounts payable Logistics Invoice Verification (LIV) process. Key Concept Parallel valuation in an SAP system helps an organization with multiple legal entities or company codes to prepare for consolidation. Multinational companies can use transfer prices in their cross-company transactions through...…

  2. Demystify Parallel Valuation and Analyze Value Flow of Materials Across Plants or Legal Entities

    In a product cost controlling implementation, you may consider implementing the material ledger with parallel valuation — the recording of inventory values in a separate valuation view — whenever business requirements related to group and legal cost, transfer pricing, or group and legal valuation are planned. This approach demands a high degree of business process...…

  3. Lean Implementation of the Material Ledger with Multiple Valuations in a Production Environment

    Learn how to design the standard SAP system to implement the Material Ledger with multiple valuations in the production environment using the Special Purpose Ledger. The main reason to use the Special Purpose Ledger is to avoid changes required in existing currency settings and impacts on other applications that are already in use. The Special...…

  4. How to Use Transfer Prices for Intercompany Inventory Transfers with Standard Functionality

    Learn how to design a standard SAP solution to meet the business requirement to implement transfer prices or arm’s-length prices between intercompany, parent, or subsidiary inventory transfers. The main business reason for using transfer prices is to ensure that an organization having multiple affiliate companies is not manipulating income taxes by setting up prices over...…

  5. Inflation-Based Revaluation of Fixed Assets

    Learn the configuration done for monthly inflation-based revaluation. This configuration needs slight changes based on the frequency and inflation calculation methodology required for a specific implementation. Key Concept Inflation-based revaluation is a statutory requirement for several high-inflation countries. These countries publish an inflation index for revaluation of the fixed asset base of the company. In...…

  6. How to Optimize Vendor Performance Appraisal with Automatic Vendor Evaluation

    Learn how automatic Vendor Evaluation in an SAP system can be implemented to optimize the appraisal of vendors’ performances and significantly reduce your supply chain risk, cut financial waste, and enhance your procurement process performance. Key Concept Use of Vendor Evaluation is sometimes not considered an important requirement during SAP system implementations, but it is...…

  7. Set Up Inventory Valuation to Help Prepare Financial Statements in Compliance with Accounting Standards

    Learn how to implement the material inventory valuation process to meet the requirements of different accounting principles, including International Financial Reporting Standards (IFRS) and US Generally Accepted Accounting Principles (GAAP). Implementing this process enables you to automate the process of inventory valuation based on commonly used valuation methods. Key Concept Some of the most commonly...…

  8. Calculate Actual Costs Across Multiple Company Codes Using a New Business Function in SAP Enhancement Package 5 for SAP ERP 6.0

    The material ledger records the flow of goods from the initial purchase of the raw material to the final sale of the finished product. It assigns any price differences incurred during purchasing and production to the product sold — or at least it does provided that the goods flow remains within a single company code....…

  9. How to Comply with IAS 21 When You Record Foreign Currency Transactions

    Learn how to set up foreign currency valuation and foreign currency translation in SAP ERP Central Component (SAP ECC) 6.0 following the rules prescribed in International Accounting Standard (IAS) 21. The rules apply to organizations following a dual reporting format (i.e., reporting as per International Financial Reporting Standards [IFRS] and local US Generally Accepted Accounting...…

  10. Currency Types: The Key to Reporting Parallel Valuations

    Do you know what the different currency types are, where they are configured, and when to use them? Confusion abounds in this area, especially when dealing with parallel valuation.Use this roadmap to gain control of all of your conversions and valuations. Key Concept You are probably familiar with the currency codes in SAP (e.g., United...…