CA Syam sundar

  MM flow (PO, Delivery, PGI ,Invoice) ✔️ 1. Create a vendor for the company code of receiving plant, using account group :0007 using T-Code XK01. 2. Assign this vendor to the delivery plant Go to XK02 > Purchasing view>Extras>Add. Purchasing data>Plant 3. Create internal customer with the sales area of the vendor. Go To XD01 4. In Pricing procedure determination relevant to STO, assign document Pricing Procedure and customer pricing procedure appropriate for STO to get the pricing in the invoice. 5. Maintain condition records for the relevant pricing condition. 6. Some more setting for STO: Go to MM> Purchasing > Purchase Order > Set up STO > define shipping data for plants > Go to Receiving plant > Assign Customer here & Supplying SA (for billing) to Receiving plant here 7. Go to MM > Purchasing > Purchase Order > Set up STO > define shipping data for plants > Go to Supplying plant and assign the sales area of receiving plant. 8. G...

Order-to-Cash (O2C) KPIs 1. Days Sales Outstanding (DSO) 2. Order Fulfillment Rate (%) 3. Invoice Accuracy Rate (%) 4. Payment Processing Time (days) 5. Cash Conversion Cycle (CCC) 6. Order-to-Cash Cycle Time (days) 7. Customer Satisfaction (%) 8. Revenue Growth Rate (%) 9. Accounts Receivable Turnover (ART) 10. Bad Debt Expense (%) Procure-to-Pay (P2P) KPIs 1. Procurement Cycle Time (days) 2. Purchase Order (PO) Processing Time (days) 3. Invoice Processing Time (days) 4. Payment Processing Time (days) 5. Supplier Satisfaction (%) 6. Spend Under Management (%) 7. Procurement Cost Savings (%) 8. Accounts Payable Turnover (APT) 9. Days Payable Outstanding (DPO) 10. Supplier Lead Time (days) Record-to-Report (R2R) KPIs 1. Financial Statement Timeliness (days) 2. Financial Statement Accuracy (%) 3. Account Reconciliation Time (days) 4. Journal Entry Error Rate (%) 5. Financial Close Process Time (days) 6. Budget Variance (%) 7. Forecast Accuracy (%) 8. Return on Investment (ROI) (%) 9. F...

  Record to Report (R2R)** role, the focus is on managing the financial reporting process 1. **General Ledger (GL) Management: - Maintaining and updating the general ledger to reflect accurate financial transactions. - Ensuring all financial data entries are complete, accurate, and compliant with accounting standards. - Managing monthly, quarterly, and annual GL close processes, ensuring deadlines are met. 2. **Month-End and Year-End Close: - Coordinating the month-end and year-end closing activities, including reconciliations, accruals, and journal entries. - Reviewing and approving journal entries, adjusting entries, and corrections. - Preparing and posting adjusting entries such as depreciation, amortization, and expense allocations. 3. **Reconciliations: - Performing balance sheet account reconciliations, including bank, intercompany, and sub-ledger reconciliations. - Ensuring timely resolution of any discrepancies or variances in accounts. 4. **Financial Reporting:...

 Profit is not cash flow. You can be profitable on paper and still go bankrupt if you don’t have enough cash to cover your spending. That’s why cash flow problems are responsible for 82% of business failures. And when a business fails, the impact is massive: • Business valuation plummets • Economic slowdowns • Career setbacks • Investor losses • Job losses Not to mention the psychological toll on entrepreneurs, their teams, and their families. But here’s the good news: This is entirely preventable. All you need to do is learn your cash flows. There are three types of business activities that affect cash flow. Mastering these three together is how you win. Here’s how: 1️⃣ Operating Activities >> These are the day-to-day sources and uses of cash in your business. Think cash from sales, payments for purchases, and operating expenses. How to Master Operating Cash Flow: ☑️ Monitor your cash conversion cycles — identify inefficiencies in receivables, payables, and inventory manage...

 Types of Logistics: 1. Inbound Logistics: Focuses on the transportation, storage, and receiving of goods from suppliers. It involves sourcing materials, handling transportation, and managing inventory. 2. Outbound Logistics: Involves the storage and movement of the final product to the end user. This includes order fulfillment, warehousing, and distribution to customers. 3. Reverse Logistics: Deals with the return of goods from customers back to the manufacturer. This includes returns, recycling, refurbishment, and disposal. 4. Third-Party Logistics (3PL): The outsourcing of logistics operations to external service providers. These can include warehousing, transportation, and distribution services. 5. Fourth-Party Logistics (4PL): A higher level of logistics outsourcing where a company outsources the management of the entire supply chain. The 4PL provider coordinates activities across multiple 3PLs. 6. Distribution Logistics: Manages the movement of goods from production facilitie...

  IFRS 9 : Expected Credit Loss Model : A Best Model For Provisioning For Impaired Assets In The Banks In contrast to recognition of credit losses based on actual deterioration of financial assets under the extant “Incurred Loss Model”, IFRS 9 requires that credit losses on financial assets are measured and recognised using the 'expected credit loss (ECL) approach. ECLs are classified into (i) 12-month ECL and (ii) lifetime ECLs. 12 month ECLs are those that result from default events that are possible within 12 months after the reporting date. Lifetime ECLs are those that result from all possible default events over the expected life of a financial instrument. Under the IFRS 9, it is no longer necessary for a loss event to have occurred but instead an entity is required to account for ECLs on initial recognition of the financial asset & then separately account for changes in the ECL at each reporting date. Therefore, the impairment of financial assets is recognised in ...