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New GL Basic Overview [@more@]http://wiki.sdn.sap.com/wiki/display/ERPFI/NewGL+Basic+OverviewObjective of New GL SAP has the following objectives behind the introduction of the New General Ledger: Efficiently handle Financial Reporting, according to both local and international accounting principlesFacilitate increased convergence between financial and management accountingConsiderably accelerate your period-end closingsFlexibly perform reporting tasks based on d

For chinese standardAs reference -- http://www.hartung.com.cn/erp_in_china/chinese_gaap/?n=8-37[@more@]Chinese GAAPGiven the differences that exist between Chinese GAAP and International Accounting Standards (IAS), at the end of every month accounting departments in China typically get busy preparing the books: One based on Chinese GAAP to fulfill the requirements of Chinese accounting standards and - for foreign companies, one in accordance with the standards of its head-offices home coun

The scenario of STD costing and variance analysis.[@more@]http://www.accountingformanagement.com/standard_costing_system_solved_problems.htmProblem 1:Materials Variance Analysis:The Schlosser Lawn Furniture Company uses 12 meters of aluminum pipe at $0.80 per meter as standard for the production of its Type A lawn chair. During one month's operations, 100,000 meters of the pipe were purchased at $0.78 a meter, and 7,200 chairs were produced using 87,300 meters of pipe. The materials price varian