SAP Accounting Information Systems
SAP Homework
Creating a Vendor
1.
A. What do all these data ("Company Code", "Purchasing Organization", and "Account Group") mean?
Company Code: The company code is just a number that identifies a particular company
Purchasing Organization: The purchasing organization negotiates purchasing terms with the vendor. This is the logistics division. There is usually one purchasing organization per company code.
Account Group: An account group determines what type of vendor form you are making. It basically organizes and provides you with the information that is necessary for the particular vendor you are entering in the computer.
B. From the accounting perspective, why do you need to enter all these data?
This data is used to facilitate the submission of a vendor. It identifies and organizes all the information so when accessed later the vendor information is already set up. Accountants can use this information to gather what type of vendor they are looking for, the type of logistics that will be used, and the limitations of the vendor (The relationship level).
C. What is the purpose of the "Reference" section?
The reference section is the same information as the company code, purchasing organization, and account group. This section is probably a brief, easy accessible section to skim vendors.
2.
A. What is the purpose of the Account control section? Explain the four fields (Customer, Trading Partner, Authorization, and Corporate Group).
The account control section informs the user who the vendor is.
Customer: The customer is the company that we are working with. The customer is given a number which is like identification on the system.
Trading Partner: A trading partner is a company that belongs to the customer.
Authorization: An affirmative response
Corporate Group: If the company is affiliated with a certain group, there is a number that you enter to identify that group.
B. In the Tax Information section, there are many items
Creating a Vendor
1.
A. What do all these data ("Company Code", "Purchasing Organization", and "Account Group") mean?
Company Code: The company code is just a number that identifies a particular company
Purchasing Organization: The purchasing organization negotiates purchasing terms with the vendor. This is the logistics division. There is usually one purchasing organization per company code.
Account Group: An account group determines what type of vendor form you are making. It basically organizes and provides you with the information that is necessary for the particular vendor you are entering in the computer.
B. From the accounting perspective, why do you need to enter all these data?
This data is used to facilitate the submission of a vendor. It identifies and organizes all the information so when accessed later the vendor information is already set up. Accountants can use this information to gather what type of vendor they are looking for, the type of logistics that will be used, and the limitations of the vendor (The relationship level).
C. What is the purpose of the "Reference" section?
The reference section is the same information as the company code, purchasing organization, and account group. This section is probably a brief, easy accessible section to skim vendors.
2.
A. What is the purpose of the Account control section? Explain the four fields (Customer, Trading Partner, Authorization, and Corporate Group).
The account control section informs the user who the vendor is.
Customer: The customer is the company that we are working with. The customer is given a number which is like identification on the system.
Trading Partner: A trading partner is a company that belongs to the customer.
Authorization: An affirmative response
Corporate Group: If the company is affiliated with a certain group, there is a number that you enter to identify that group.
B. In the Tax Information section, there are many items