Consolidation SEM BCS Vs EC CS

1. BCS is Business consolidation and Simulation and EC CS is Consolidation and Simulation in ECC 6.0

2. SEM BCS and ECCS both are consolidation applications of SAP System.
3. ECCS is based on R/3 where as SEM BCS is based on BW.
4. BCS is entirely out side R/3 and EC CS is R/3, here they have included some features in R/3 for consolidation and at the same time BCS is out side R/3 and has more features....while taking the reports then you take help of BW... end of the day you will get the data from R/3 even for BCS also.

SEM-BCS –Functional advantages compared to EC-CS -

 - Easier integration to remote SAP systems or non-SAP systems via BI
 - Approval workflow for documents **
 - Copy function and flexible upload for all posting levels **
 - Deferred taxes –balance sheet approach **
 - Inter-unit profit elimination in inventory with supply chains
 - Inter-unit profit elimination in inventory with equity method
 - Inter-unit profit elimination in transferred assets
 - Hidden reserves and contingencies
 - C/I –read investment data from totals database
 - C/I –flexible treatment of goodwill in acquisitions
 - C/I –posting of goodwill on subsidiary
 - Allocation
 - Restatement infrastructure **
 - Web-enablement for functionality used by local accountants **

SEM-BCS –Missing functionality compared to EC-CS *

 - Mass change of items and consolidation units
 - Real-time update from FI
 - Sample documents and parked documents **
 - Currency translation –method * is no longer available
 - C/I –statement of changes in equity
 - Encapsulated function modules to be used within custom-defined tasks
 - Multi-period consolidation **

 

* based on ERP 2005
** may be provided via ERP 2005 enhancement package

 

source: sap service market place

IFRS: The Right Next Step for US Business

Overview

International Financial Reporting Standards (IFRS) is the framework used by most publicly traded companies in the world today to report their financial results. With support from important constituencies, the Securities and Exchange Commission (SEC) and the Financial Accounting Standards Board (FASB) have taken first steps toward a transition to IFRS from the accounting and reporting framework currently in place in the US. Is the US really going to set aside US generally accepted accounting principles (US GAAP)? The answer is almost certainly yes. As this white paper shows, within a few years the SEC is likely to designate a date for mandatory adoption of IFRS by all US public companies.

 

Read Full Story --> Click HERE

 

source: sdn. sap. com

Author: pwc

Running new GL and traditional GL at the same time

Refer to the following OSS Note for all migration queries

1070629 - FAQs: New General Ledger Migration

Read question 23 for  "Running new GL and traditional GL at the same time"

23. You want to configure a new company code with the new general ledger. The existing company codes use the classic general ledger. Can company codes use different general ledgers (classic and new) in the same client?

The implementation of a new company code and the transition from the classic general ledger to the new general ledger are two different projects which you must schedule at different times.
You perform the migration from the classic general ledger to the new general ledger at client level and it affects all company codes in this client.

Because the new general ledger is activated at client level, the new general ledger would be active for all company codes, not only for the new company code. This would mean that the new general ledger is active in the old company codes, but there was no migration from the classic general ledger to the new general ledger. This is not possible.

Therefore, it is not possible to start with a new company code in the new general ledger while the classic general ledger is still active in other company codes in the same client.

First implement the new company code. Then set up the project for the transition from the classic general ledger to the new general ledger.

Alternatively: First set up the project for the transition from the classic general ledger to the new general ledger and migrate the data to the new general ledger, then implement the new company code.