Topic overview

Accounting standards are used for evaluating and presenting the Financials in accordance with various accounting regulations. For example, the regulations on depreciation in the German Commercial Code are different than those in the IAS, which results in different valuations in the balance sheet and in a different profit and loss account.

This document describes the Accounting standards application.

The procedures for the Accounting standards application correspond to the general procedures for table applications that can be found in the General Procedures for Table Applications article.

Application description

In this application, you can create a new accounting standard or edit an existing one.

Here, you can specify the accounting standards to be used for evaluating and presenting the Financials. An accounting standard created in this application is seen as activated if it is not marked for deletion.

The Accounting standards application consists of a query pane and a work pane.

Query pane

If required, you can enter search criteria in the query pane and then use the [Refresh] action to search for the data in the system and display them in the work pane.

Detailed description of fields:

• Accounting standard – enter one or more accounting standards as search criteria for the data to be displayed, if required, or select them with the value assistant of the field.
• Description – here, enter one or more descriptions as search criteria for the data to be displayed, if needed.
• Deletion marker – here, select the data to be displayed according to their deletion marker. The following settings can be selected:
  • (All)
  • With deletion marker
  • Without deletion marker

Work pane

In the work pane of the application, you can create a new accounting standard or edit an existing one.

Detailed description of fields:

• Accounting standard – accounting standards are used for evaluating and presenting the Financials in accordance with various accounting regulations (e.g., the regulations on depreciation in the German Commercial Code are different than those in the IAS, which results in different valuations in the balance sheet and in a different PL). Here, enter a freely selectable identification for the accounting standard, e.g., a meaningful abbreviation or a sequential numbering.
• Description – the description is an additional name for an object. Meaningful descriptions facilitate user searches. Any description can be chosen, and the description can be ambiguous. That is, several objects can have the same description. However, the use of different descriptions in each case is recommended. The description can be entered in several languages.
• Financials valid from – in this field, you can specify the period from which the accounting standard should be valid. The specified period is currently taken into account only in the Generate budgets object accounts and Planning object accounts applications.
• Controlling valid from – currently, this field is of no importance and does not require an entry.
• Asset management valid from – currently, this field is of no importance and does not require an entry.

Customizing

The Accounting standards application does not need any specific settings in Customizing.

Business entities

The following business entity is relevant for the Accounting standards application that you use, for example, in order to:

• Assign authorizations,
• Set up activity definitions or
• Import or export

Accounting standards

com.sem.ext.app.fin.general.obj.AccountingStandard

The business entity is a part of the following business entity group:

com.sem.ext.app.fin.general.MasterData

Authorizations

Authorizations can be assigned by means of authorization roles as well as through a content-based authorization (by assignment to organizations). The authorization concept is described in the article Authorizations.

Special capabilities

The Accounting standards application has no special capabilities.

Organizational assignments

If the Content-based authorizations function is activated in the Customizing application, a person can only use the Accounting standards application if an organization that is linked to at least one of the following organizational structures has been assigned to him or her in the partner master data:

Special features

The Accounting standards application has no special features.

Authorizations for business partners

The Accounting standards application is not released for business partners.