Very clear and made easy to understand. Thank you

@AbdullahGalal

11 күн бұрын

You're very welcome! I'm glad to hear that you found the explanation clear and helpful. Thank you for your feedback!

Thank you for details. You have explained this topic profoundly. The concepts get cleared

Thank you for explaining the base of these approaches. Clear on parallel accounting now. Thanks a lot for sharing.

@AbdullahGalal

3 жыл бұрын

Welcome Kapil

Thank you, this is basic information and every financial accounting manager / analyst should know, you made it simple

@AbdullahGalal

4 жыл бұрын

You're very welcome!

Thank you so much for the explanation, very helpful

Thanks for your very clear explanation. Your examples within the system are very appreciated

@AbdullahGalal

3 жыл бұрын

Glad it was helpful!

Congratulations and thank you, explanation, complete and detailed. Explanations are often partial and do not cover the entire process.

@AbdullahGalal

2 жыл бұрын

Glad it was helpful!

Wow, u did a splendid job of clearing the concept with examples... Much needed this... could not find such connection between FSV, transactions , and adjustment .. many thanks!

@AbdullahGalal

2 жыл бұрын

My pleasure!

You explanation is simple though effective.. Keep it up my friend..

@AbdullahGalal

3 жыл бұрын

Thanks, will do!

Explained in details, very informative . Thanks

@AbdullahGalal

3 жыл бұрын

You're welcome

Thanks for the very clear explanation!

@AbdullahGalal

4 жыл бұрын

You are welcome!

very informative, thank you Abdullah.

@AbdullahGalal

4 жыл бұрын

You are welcome Ahmed

This was very helpful. Thank you.

@AbdullahGalal

2 жыл бұрын

You're welcome!

It is simplefied like a butter. Many Thanks

@AbdullahGalal

4 ай бұрын

Very welcome!

Thank you! Very well explain.

@AbdullahGalal

4 жыл бұрын

Glad it was helpful!

جد بشكرك انك وضحت من اكثر الاشياء تعقيد بموديل المحاسبة

@AbdullahGalal

3 жыл бұрын

Thank you :)

Thanks a lot Mr Abdullah. Parallel account was very confusing for me before I had not seen your video. I appreciate the way you explained both the reporting approaches. Now the topic is very clear to me. Keep going with your good work....👍👍

@AbdullahGalal

3 жыл бұрын

You are most welcome

Thank you sir, You are a Genious and the video is very much useful to understand the basis requiremet of different Ledgers

@AbdullahGalal

3 жыл бұрын

You are most welcome

Thank you sir, much appreciated.

@AbdullahGalal

4 жыл бұрын

You're welcome sir

Valuable information provided. Thank you very much..

@AbdullahGalal

3 жыл бұрын

Glad it was helpful!

Thanks for your valuable time sharing the knowledge with us

@AbdullahGalal

Жыл бұрын

It's my pleasure

Accounting approach part is really Informative, Abdullah!!

@AbdullahGalal

4 жыл бұрын

Glad you liked it

Really helpful. Much appreciated

@AbdullahGalal

4 жыл бұрын

Thank you Naga

Your explanation is too good. Love you brother 😊👍

@AbdullahGalal

3 жыл бұрын

Thanks a lot Santosh!

Very informative indeed. Cheers, Ahmad,

@AbdullahGalal

4 жыл бұрын

Thank you Ahmad

simple explanations.. good to start with the concepts...

@AbdullahGalal

3 жыл бұрын

Great

Very clearly explained. Thank you so much :)

@AbdullahGalal

2 жыл бұрын

You're welcome!

Excellent explanation,thanks a lot sir

@AbdullahGalal

3 жыл бұрын

You are most welcome

I always struggled to understand different between account approach and ledger approach. Thanks for the explanation.

@AbdullahGalal

4 жыл бұрын

My pleasure, thank you for watching

Thank you so much! This really helps!

@AbdullahGalal

2 жыл бұрын

Glad it helped!

Thank you very much for your explaination. It helped a lot to learn what parallel accounting is. I hope you could also create a video explaining parallel accounting from the asset accounting perspective.

@AbdullahGalal

2 жыл бұрын

Welcome, will do my best

Hi AG, Nice Information as you shared. Thanks

@AbdullahGalal

4 жыл бұрын

My pleasure

Thanks alot very helpful video 😊

@AbdullahGalal

4 жыл бұрын

Glad it was helpful!

Great thanks sir for explanation

@AbdullahGalal

Жыл бұрын

Most welcome

Excellent, keep going!

@AbdullahGalal

4 жыл бұрын

Thanks, will do!

Thanks, good session.

@AbdullahGalal

4 ай бұрын

Glad you enjoyed it

Good explanation on ledger and account approch.

@AbdullahGalal

4 жыл бұрын

Glad it was helpful!

Am new to accounting am trying to change my carrier and since yesterday l was stuck on account appoch and ledger approach but am glad now l can move on😃 thanks

@AbdullahGalal

2 жыл бұрын

Very glad to help, good luck 😉

excellent explanation

@AbdullahGalal

3 жыл бұрын

Thank you

Your videos are very helpful and informative! Thanks for all your work! I am expecting another video for Automatic Payment Process and specifically Payment Methods and configuration :)

@AbdullahGalal

3 жыл бұрын

Hi Sule, There's already a video for automatic payment process, you can find it in the channel

Awesome NIce explanation

@AbdullahGalal

3 жыл бұрын

Thank you

Good Explanation

@AbdullahGalal

4 жыл бұрын

Thank you Ramesh

Great sir

Good explanation

@AbdullahGalal

4 жыл бұрын

Thank you Satish

Good explanation. It is good to say that we never sum ledgers, because are different kind of accounting.

@AbdullahGalal

2 жыл бұрын

Thank you

Appreciate and thank you for sharing knowledge and such informative content. However i found it easy to work with Ledger approach in Hana, since the users have more visibility in different Fiori line item and balance reports per ledger. Easy to filter separate and post additional entries to other ledgers if required. It is easy to work with Assets as well in ledger approach after config is done. But I totally agree that it depends as per business scenario.

@AbdullahGalal

2 жыл бұрын

Thanks for sharing this view!

اللله ينور عليييييك يا غالي

@AbdullahGalal

3 жыл бұрын

🙏🙏

It's more ledger approche which is used when it comes to manage automatic flows ans high volume of data. For information, when it comes to feed cash accounts, it's multi ledger flows that is used. Meaning that the expense is payed in IFRS ans local gaap but after the IFRS d'ajustement is coming in order to move it from expense to asset.

Thank you

انت الاول :) لك التحية

@AbdullahGalal

4 жыл бұрын

شكرا أحمد

Dear Abdullah, many thanks for this video! I wasn't able to comprehend Parallel Accounting within the SAP context until I watched this video. Your approach is apt and easy to understand. Could you please do another video on Parallel Accounting for Assets? Thank you

@AbdullahGalal

9 ай бұрын

You're welcome! There's a full playlist for fixed assets and I've already covered parallel ledgers for FA there

Thank you!!!!!

@AbdullahGalal

3 жыл бұрын

Welcome!

You use the ledger approach for parallel accounting in Asset Accounting. Depreciation area 01 is assigned to the leading ledger for an area 01 is assigned to the leading ledger for leading valuation and depreciation area 32 is assigned to the non-leading ledger for parallel valuation. What posting option should you choose for depreciation area 32? parallel accounting in Asset Accounting ممكن شرح السؤال دا ي استاذ عبدالله ولو ممكن فكره في الفديوهات اللي جايه ان شاء الله عن

@AbdullahGalal

4 жыл бұрын

Great question, you should read more into the process. Check this awesome blog, it will answer your question and much more: blogs.sap.com/2020/04/08/parallel-ledgers-valuation-in-s-4-hana-new-assets-acounting/

Awesome video as always. Can we expect a video on new Universal Parallel Accounting functionallity? :D

@AbdullahGalal

7 ай бұрын

I wish I can get access to this !!! It's still in pilot with limited customers

Parallel accounting - accounting principle is accounting standards. E.g ifrs ias us gaap. When company is working internationally then need to prepare financial statements in diffn accounting standards. Difn betn gaap and ifrs . Research and development are exp in gaap and assets in ifrs. In account approach we need to create new gl acts to post adjustments entries. Gaap finsntial entry

@AbdullahGalal

11 ай бұрын

Great summary

You are the best, I passed my certification TSFIN52 and these topic was very difficult , now I go for TS4FI_1809 certification and I just discover you channel, you are great and you English is perfect. THANK YOU

@AbdullahGalal

3 жыл бұрын

Thanks a lot Erendira, and congrats on your certificate!

Thanks very much Abdullah for your appreciated effort , Could you arrange second session for deep knowledge about configuration and function for parallel approach for two ways ?

@AbdullahGalal

4 жыл бұрын

You're welcome Mohamed, will do my best

Hi AG , the above videos is informative 👍👍👍. Can you further explain the following. 1)How accounting enteries will posted in leading and non leading ledger. please take one complete scenrio of Accounting principle and its accounting enteires. 2)If a company code use IFRS/local accounting and USGAAP having two different fiscal years , how will the closing will be done.(Assets, AR ,AP.ACCURALS, DEFFERALS, etc) 3) In case non leading ledgers in ledger approach how will a FSV look like.Do it will have common GL or will it be considered from 0L as the base. 4) In S4 hana since we will have secondary cost elements , how will this secondary cost accounting ( Apporations, Allocations) will show in non leading ledgers, if any. If you have sufficient time kindly explain through videos Thanks in advance, love your videos 👍👍👍

@AbdullahGalal

4 жыл бұрын

Great notes, thank you!

This video was posted 4 years ago. I would like to know if you still think that the account solution is better than the ledger solution? Thank you for your amazing explanation skills.

@AbdullahGalal

Ай бұрын

Very nice comment 😀...I still believe the account approach is easier to apply but the ledger approach has much more capabilities

Hi Abdullah, First of all great presentation really helped me understand the concept however I have a question regarding the account approach. When we post the adjustment it will update the effect in retained earning account automatically so when we create two separate financial statements the impact of original expense from your example will be nullified right? I think I am missing something here can you please explain how will the retained earning account be handled in FSV.

Nice explains, if you have detailed video please share

Good explanation. If u can correlate the ledger concepts with Asset accounting it will help.

@AbdullahGalal

4 жыл бұрын

Sure, but that's a more advanced topic, will have to explain some Assets basics first

Liked your content. very precise. Please see if you can do Asset Accounting S4HANA.

@AbdullahGalal

3 жыл бұрын

I'm planning to start soon

Very good explaination abdulla thanks for the video, can you please make a video on NEW GL ACCOUNTING

@AbdullahGalal

3 жыл бұрын

My pleasure Raju , new GL is no longer new 😀, it was new when ECC6 was first released around 2013, now it's the normal thing

hi in SAP S4 hana i am encountering an issue related to the Raw material as per IFRS we value the stock lower of cost and NRV ( using FIFO and weighted average ) but our system is using standard accounting and creating variances in the pnl which is not in compliance with the IFRS can you make a video on it simplifying this and how can i fetch the report in accordance with FIFO and moving average. Thanks for you amazing videos

Thank you Sir. Could you please explain CO- PA (Profitability Analysis) process.

@AbdullahGalal

4 жыл бұрын

COPA is an important part, but I have to finish the product costing first

good

@AbdullahGalal

8 ай бұрын

Thanks

Thank you Abdullah!. In case of ECC, what is the best approach to implement for IFRS: Account or Legder approach? knowing that we will migrate to S4Hana in 18 months' time. I read that account might be easier but when migrating to S4H, a ledger approach is much easier to migrate to S4H.

@AbdullahGalal

4 жыл бұрын

I always prefer the account approach, it's less complicated and doesn't require additional configuration, same in ECC and S4HANA

Hello Abdullah. Thanks for the explanations. In the léger approach why is IFRS in the example set as 2L instead of 0L. I think if we are in group reporting all companies will post in 0L and the local companies in 2L . Sorry for the confusion on my side.

hi abdullah i am confused regarding the difference between the 0l the leading ledger and 2l the non leading ledger i read in e-books that the leading ledger is a predefined in sap if the ledger is predefined do i assign it to gaap standard for example and create another ledger for ifrs or even using 2L and called it the non leading ledger thanks in advance

You may continue the series on Product costing.

@AbdullahGalal

4 жыл бұрын

It's planned once I have a good continuous system access

Hello, I have a query - for accounts approach at this point 6:49 >> In our example in GAAP we can say that the cash/asset is spent but if we look at the IFRS entries there is no effect.. i mean in actual the asset balance should be increased but it is neither increased nor decreased. So if IFRS guidelines say that its an asset and not an expense we are unable to show the increased in our asset balance. Can you please help me to understand how are we managing the IFRS entries when we are unable to show that our asset actually increased?

Great Video! Where can I find more details?

@AbdullahGalal

4 жыл бұрын

Glad you like it, you can check the blogs.sap.com website

Thank you again Sir. Could you please explain the difference between the Special Purpose Ledger (used in Classic G/L) and the Parallel Non-leading Ledger (used in New G/L) in terms of functionalities, use and configuration?

@AbdullahGalal

3 жыл бұрын

Hi, I never used special purpose ledger, did you check SAP Blogs?

@horimberebertrand3220

3 жыл бұрын

@@AbdullahGalal Yes, I did . But I didn't find any clear answer to my question. It is important for me to know those differences as an SAP Consultant because some companies still use the Special Purpose Ledger. Thank you anyway

@othmaneallaoui1260

2 жыл бұрын

Special Purpose Ledger is more flexible than New G/L because is a separate component ( reporting tool) that can be used for multiples modules and you can add your own dimensions easily without impacting existing model.

Hi Abdullah, Good explanation I have a question that in Account approach how the integration between IFRS FSV and LGAAP FSV. However we have different gl accounts as per reporting standards.

@AbdullahGalal

4 жыл бұрын

Create 2 FSV, one for IFRS and one for GAAP and in every FSV you assign different accounts

Thank you for the video. Can you please tell me how a ledger and Chart of account is mapped. We require to create FSV one for group and the other for country specific COA. I do know that we have alternative account in GL master and also in F.01. Is it possible to have 1 FSV for both.

@AbdullahGalal

4 жыл бұрын

>FSV is a drawing of your financial statements, it can read the numbers from any ledger >You mean you're using alternative account numbers for country COA, you can display the financial statments with original COA or Country COA in F.01

Hey, although ledger approach requires more configuration, in fact it's much easier to use and understand by accountants. Think about how to make life of accountants easier, not how to do less customizing... You definitely will have fewer GL accounts to manage in your chart of accounts (and companies hate blowing out the CoA). I think S4 Hana will recommend ledger approach in the future and try to avoid the accounts approach. The leading ledger should never be assigned to a local accounting principle, it always follows the group principle, because of the integration with controlling and consolidation systems. It's a very important setting and it should be carefully executed.

@AbdullahGalal

3 жыл бұрын

Great insights, thank you for sharing

Hi Abdullah, thanks for the knowledge sharing. Appreciated! May I seek your advice on assigning 2 COAs to a single company code in S4hana? Thanks for your advice in advance.

@AbdullahGalal

10 ай бұрын

You mean like country chart of accounts and group chart of accounts ? Yeah this can be easily done. I believe I explained this somewhere in the channel. Anyway you can check this link help.sap.com/docs/SAP_S4HANA_ON-PREMISE/5e23dc8fe9be4fd496f8ab556667ea05/9f53c2531bb9b44ce10000000a174cb4.html

Thanks for your effort.Will you publish a udemy course? When?

@AbdullahGalal

3 жыл бұрын

It's in the plan, but I don't allocate enough time to it :)

شكرا استاذ عبدالله، لو سمحت، لاحظت سؤال طرحه الأخ محمود شهاب، هل يمكنك الإجابة عليه وشكرا

@AbdullahGalal

4 жыл бұрын

you're welcome, question answered

Do we intall/spro steps something about/regarding to accounting principles or are just procedures to follow when posting?

@AbdullahGalal

3 жыл бұрын

If you use the ledger approach then yes it includes heavy customizing, while the accounting approach almost requires zero

Sir I want to learn in detail concept of parellel ledger so how can I learn can you please suggest any scope or any channel….

Hi Abdulla, pls try to create course in udemy. so that it can be helpful to all aspirants to understand clearly.

@AbdullahGalal

2 жыл бұрын

Yes! I just need more time

Good information, i have one doubt whether Leading Ledger OL have to assign in IFRS or Local GAAP

@AbdullahGalal

4 жыл бұрын

It depends on your requirement, 0L is usally assigned to the local standards for the country

Group chart of account is use for only account approach or ledger approach or we can use both scenarios ?

@AbdullahGalal

3 жыл бұрын

They are not related ..it can be used in both cases

In ledger approach...we will have same G/L while posting then why you were saying, in Gaap if account is expense then in IFRS it will be asset ( balance sheet)...please help me to understand.

@AbdullahGalal

3 жыл бұрын

One of the differences between IFRS and GAAP is that in some cases when we spend we post it as Asset in IFRS and Expense in GAAP in this case the main standard will be posted to both IFRS and GAAP but then we post an adjustment entry to only one of them to adjust the accounting treatment

Dear I am working in SAP infrastructure organization and I am very interested to take deep knowledge in SAP but I don't know how to start sap as a student

@AbdullahGalal

3 жыл бұрын

Decide what module you want to study first

@shahinhasan1361

3 жыл бұрын

@@AbdullahGalal if i am a finance guy and working with finance department, so i first would like to study FICO model. Almost i have seen every video which you have uploaded and i have learned a lot of. So from what i can learn , Please suggest me. I will be honour to you.

Hello sir How learn SAP

Hi, I have some questions, how Can I contact you ?

@AbdullahGalal

4 жыл бұрын

Hi Carolina, On LinkedIn www.linkedin.com/in/galal

Somebody uses this aplication in Latinamerica?

Hi, Could you explain me how to read Cost center report S_ALR_87013611, means how to analysis Variances and report to management .

@AbdullahGalal

4 жыл бұрын

I've a playlist for product costing and I should get there once I continue

One suggestion for you Abdullah, please do not use your hand gestures that much intensively. And also please its so weird you often call... I am going to, going to be.. Thanks never mind please...!!!

@Abu-Aley

4 жыл бұрын

I reckon it's a personal matter and for the audience the right either to watch or to turn it off. No offence it's just an opinion, so please never mind. Cheers, Ahmad,

@AbdullahGalal

4 жыл бұрын

Thenk you for the notes, I did use my hands a lot when explaining the financial statements part so that's a good point

@laksht9503

4 жыл бұрын

I don't think that is a big issue. Natural Presentation skill is always better and keeps the audience involved