Advance SAP FICO Training Page 3/8
Overview of Parallel Tax on Sales / Purchases:Input and output tax is calculated on revenue or expense items (base amount). The tax amounts are posted to separate tax accounts and refunded by the tax office (input tax) or paid to the tax office (output tax). The tax percentage rates vary from country to country and are determined when you define the tax codes.

1. Basic Settings
2. Calculation
3. Posting

Overview of Document Splitting: Document splitting allows you to display documents using a differentiated representation. In the representation, line items are split according to selected dimensions. So you can draw up financial statements for the selected dimensions at any time.

1. Classify G/L Accounts for Document Splitting
2. Classify Document Types for Document Splitting
3. Define Zero-Balance Clearing Account
4. Define Document Splitting Characteristics for General Ledger Accounting
5. Activate Document Splitting
6. Document Methods and Rules

Overview of Cross - Company Code Transactions: Several company codes are involved in a cross-company code transaction. In a cross-company code transaction, the system posts a separate document with its own document number in each of the company codes. Individual documents are linked by a common cross-company code number. The system generates line items automatically (receivables and payables arising between company codes) in order to balance the debits and credits in each document. You may use only one company code for offsetting entries. That is to say, regardless of the number of company codes involved, you must make one of the following entries:

Foreign Exchange Currency Valuation

Validation and Substitutions