New feature of General Ledger in R12

Accounting Setup Manager
The ledger is a basic concept in Release 12. The ledger replaces the 11i concept of a set of books. It represents an accounting representation for one or more legal entities or for a business need such as consolidation or management reporting. Companies can now clearly and efficiently model its legal entities and their accounting representations in Release 12. This seems to be a major area in getting success of the shared service center and single instance initiatives where many or all legal entities of an enterprise are accounted for in a single instance, and data, setup, and processing must be effectively secured but also possibly shared.
Now, legal Entities can be mapped to entire Ledgers or if you account for more than one legal entity within a ledger, you can map a legal entity to balancing segments within a ledger.
While a set of books is defined by 3 C’s,

1. chart of accounts
2. functional currency
3. accounting calendar,

Lean Six Sigma Black Belt practice material based on IASSC LSS Black Belt Body of Knowledge (BOK)

This guide will help Lean Six Sigma Black Belt candidates prepare for a certification exam for FREE. Although this guide is based on the IASSC BOK it will still be useful for candidates seeking ASQ or other organization provided certifications.

About IASSC

The International Association for Six Sigma Certification (IASSC) is a Professional Association dedicated to growing and enhancing the standards within the Lean Six Sigma Community. IASSC is the only independent third-party certification body within the Lean Six Sigma Industry that does not provide training, mentoring and coaching or consulting services. IASSC exclusively facilitates and delivers centralized universal Lean Six Sigma Certification Standards testing and organizational Accreditation’s. Here is a link: http://www.iassc.org/.

What Is the Difference between CPM, CPC, CPL and CPA?

CPM, CPC, CPL, and CPA are all acronyms that are used to describe online marketing methods. All the methods are related, as they are the costs of having ads display on websites. How they differ is in how the cost of the ads is calculated.

The acronym CPM stands for "cost per mille", with "mille" meaning 1,000. This type of ad campaign is purely based on numbers, with the cost of the ad determined for 1,000 page impressions (each time the ad is shown). An advertiser using such ads will be quoted a guaranteed number of page impressions for the ad, and then the cost will be set based on the number. For example, if an ad site has a CPM rate of $10 US Dollars (USD) and guarantees 100,000 page impressions for the ad, the cost to the advertiser will be $1,000 USD ($10 x 100). Publishers are paid a share of the revenue generated by the site selling the ads, which is usually around 45% or $450 USD for 100,000 page impressions from our previous
PC stands for "cost per click" and, in this case, the publisher is paid each time a visitor clicks the ad being displayed, delivering the visitor to the advertiser’s website. No matter what action is taken at the advertiser’s website, all that matters with this cost model is that the ad was clicked. The companies that sell this type of ad also monitor the number of clicks the ad gets, preventing the publisher from artificially inflating the number to try to generate revenue. The pay rate for CPC ads ranges from a few cents to a few dollars, depending on what the advertiser has paid to have the ad displayed.

Cost per lead (CPL) is often used by companies that want to have visitors sign up for something, called a lead. The ads can be banners, hyperlinks leading to the advertiser’s website, or both. When a user enters his or her e-mail address to sign up for the offer, the publisher is paid a certain dollar amount. Pay rates for CPL ads also range from a few cents to several dollars, but are usually much higher than CPC ads. The rate is determined by the business and what the advertiser is willing to pay.

CPA, or "cost per acquisition/action," is similar to CPL in that the advertiser pays when a visitor takes a particular action upon arrival at the advertiser’s site. Again, these ads can be banners or hyperlinks leading directly to the website. The advertiser decides on the payable action, which might include downloading a game or program, purchasing an ebook, joining a course, or something else. The payout is determined by what is involved in the payable action and how much effort is required for the advertiser to make a profit, with rates ranging from cents to tens of dollars.

How to Create a Company Code and Assign to a Company

This is a 2 Step Process

1. Define Company Code
2. Assign Company to Company Code

Define Company Code

Enter Transaction code SPRO in the command field

In the next screen Select SAP reference IMG

In next screen Display IMG follow the menu path

SAP Customizing Implementation Guide -> Enterprise Structure ->Definition->Financial Accounting->Edit, Copy, Delete, Check Company Code

In the next screen, select activity –  Edit Company Code Data

In the Change View Company code screen

Select New Entries

 
In the Next Screen Enter the Following Details

1. Enter  your Unique Company Code Number
2. Enter Company Name
3. In the Additional Data section Enter City
4. Enter Country for the Company
5. Enter Local Currency
6. Enter Default Language