For example, you can use derived depreciation area to calculate difference between Local GAAP and IFRS. Derived depreciation areas should be allowed to have all values (for Acquisition, NBV etc).

Standard SAP comes with 6 scenarios. You can’t create customer specific scenarios. You can, however, use custom fields if required while assigning scenario to GL.

All six scenarios can be assigned to a ledger; however this will impact the performance. More totals records will be created in Total table and writing/retrieving data will be slower.

Data Entry vs General Ledger view

In New G/L each document will have 2 views for display. Data Entry view is same as Classic G/L display. General Ledger view is enhanced view and displays fields updated because of assigned scenarios. You can also choose ledger here to see document in each ledger.

Scenarios and fields updated

Business Area Scenario – Sender Business Area and Receiver Business area

Profit Center Update Scenario – Profit Center and Partner Profit Center

Segmentation Scenario – Segment, Partner Segment, and Profit Center

Preparation for Consolidation Scenario – Consolidation Transaction Type and Trading Partner

Cost of Sales Accounting Scenario – Sender Functional Area and Receiver Functional Area

Cost Center Update Scenario – Sender Cost Center and Receiver Cost Center

• Financial Statement with zero balance can be prepared at profit center level.
• Allocations can be used in GL. However, there are few differences when compared with Classic GL. Distribution used primary cost element while Assessment used secondary cost element in Classic GL. There are no secondary cost elements in New GL. So, assessment is done thru a credit GL account.
• New GL table FAGLFLEXP is used for planning data. GLPCP is no longer used.

(no) more…than/(no) less…than
(the) same as
a consequence of
a lot
A Native of
A responsibility to
A result of
a sequence of
Able to/ability to
access to
Acclaimed as
According to
Account for
Accuse of
Acquaint with
acquiesce to
Adapted to/adapted for/adapted from
adhere to/be an adherent of
affinity for
agree to/agree with/agree on/agree upon
Aid in
aim at/aim for/aim to do
allergy to
Allocated to
Allow for
Amount to
appeal to someone for something/appeal against
Apply to
Argue over
as a means to
As a result of
as an instance of
As far/long as
As good as, or better than
as great as
as much as
As much with X as with Y
Associate X with Y
Assure that
At a disadvantage
Attempt to
attend to/attention to (someone)
attended by (not with)
Attest to
Attribute to/Attribute X (An effect) to Y(A cause)
authority on
Available to
based on
Because of
belief in
Believe to be/Believe X to be Y
Between X and Y
Both X and Y
Business ethics – Is a singular word
Call for
Capable of
care about (something)/care for (someone)
careful of/careful with/careful not to
centre on/centre around/centre of (attention)
chief of
Choice of
Collaborate with
collide with (not against)
Combined X with Y OR Combined X and Y 
comment on/upon/about
compare to
Compare with
Compensate for
comply with
composed by (someone)/composed of (something)
comprise of
concerned for
concerned with
Conclude that
concur in (opinion)/concur on(something)/concur with (someone)
conducive to
conform to/in conformity with
Consequence of
Consider X…to be Y
Consist of
Consistent with
Continue to
Contrast with
Contribute to
Convert to
Cost of (something)/cost to (someone)
created with
Credit for
Credit with (not to)
credit X to Y
date from
Deal with
debate on
Defend against
Defined as
Delight by/with/in
Depend on
depends on whether
Depict as
Descend from
Descendent of
differ with someone differ from something
different from
difficult to
Discourage from
disgusted with
Distinguish between X and Y
Distinguish X from Y
Do something at the urging of somebody
draw on
either…or
enable to
Enamoured with
end with/end in
envious of
equal to (not as)
essential to
Estimated to/at
except for/except that
Expose to
Extend to
extent of
familiar with
fascinated by/with
Fluctuation in
Forbid to (not from)
forbid X to do Y
Frequency of
From X to Y
Hypothesize about/on/that
identical with
In an attempt to
In an effort to
in contrast to
in danger of
in order to
in search of
in violation of
independent from/of
infected with
inherit from
Insist on/upon/that
instead of
Intent on
introduce to
invest in
isolate from
jealous of
Just as,,,,,so
likened to
Mistake X for Y/Mistake for
more than ever
move away from
Native to
Need for
neither…nor
No less X than…
No sooner…than
not only…but also
Not so much ,,, as
Not so much to X…as to Y/ Not so much X as Y
Not X; but rather Y/not X but Y
opportunity for (noun)/opportunity to (verb)
opposed to
opposite of
participate in
Persuaded X to do Y
Plead guilty for
Potential for causing
potential to
preferable to
prevent from
prized by
profit by
prohibits X from doing Y/prohibit from
protect against
protest against/about
provide with/for
range from X to Y
Regard as
replace with/replaced by
require of/from/to
Require that X be Y
Respond to
responsibility to/for
Responsible for
result in/result from
retroactive to
So (adjective) as to (verb)
So (adjective)that
So as not to be hindered by
So X as to be Y
spend on/for
subject to
subscribe to
substitute X for Y
such…as
suffer from
superior to
suspicious of
Target at /as
tendency to
The body did as he was told(not”like”)
the same to X as to Y
They do not know X or Y(not “nor”)
Think of X as Y
tinker with
To be under pressure to
to contrast X with Y
to exchange X for Y
to mistake X for Y
To result in
to sacrifice X for Y
to try to fix
tolerant of
Transmit to
willing to
Worried about
X expected to Y
X is related to Y(not X is in relation to Y)
X is to… what…Y is to

Types of errors tested

1. Subject and verb should be in agreement. Look for Modifier, Phrases and clauses after subject to keep verb away from subject, Subject joined by conjunction (either/or and neither/nor), verb preceding subject, collective nouns.
2. Modifier should be close to the word it is modifying. Look for sentences beginning or ending with long phrase, That/which clause, Adjective modifies noun, Adverb modifies verbs or adjective. A modifier at the start of the sentence should modify the word following it. A modifier in the middle or at the middle/end should modify the word preceding it.
3. Pronouns must agree (in number, person and gender) with antecedent noun and must agree with only one noun. Look for pronouns specially it and they. Pronoun should also be in correct form (Subject, Object, Possessive).
4. Use proper sequence of tenses. Look for -ing verbs (not preferred) and the several sentences and clauses conveying sequence of events.
5. Parallelism – Keep similar items in sentence in same grammatical form. Look for list of items and expressions/phrases/clauses with two or more items connected by conjunction.
6. Compare like things. Look for comparison words such as like, as, less than, more than etc.
7. Sentence should be idiomatically correct.
8. Avoid Redundancy, wordiness, and changed meaning in answer choice.

Strategy

• Read whole sentence with a focus on underlined part.
• Look for errors in underlined part.
• Eliminate choices until you are left with only one correct choice.

SC Tips

• First choice is repeat of question stem, don’t waste time reading
• Shorter is better. Clear and concise sentence is preferred. If confused between two choices, choose shorter sentence.
• Many sentence will contain more than one error.
• If you have to pick between two choices, pick the one with most elements common with other choices.

Strategy

• Preview the question stem.
• Read the stimulus critically looking for conclusion and premise/evidence and paraphrasing. Keep question stem in mind.
• Paraphrase the answer (or have general idea).
• Approach the answer choices looking for expected answer. If you can’t find, eliminate until you are left with correct choice.

Question type

1. Assumption
2. Strengthen or weaken – will generally attack/support assumption or evidence.
3. Inference question – must be true if argument is true
4. Structure (Method of Reasoning/Flaw in the reasoning) -
5. Resolve/explain the discrepancy – similar to assumption but no conclusion presented. Answer supports two contradicting facts presented.
6. Evaluate the argument – similar to strengthen/weaken
7. Parallel reasoning – Reduce the passage to basic level leaving specifics (If X, then Y)and then make a best guess.
8. Main Point – Paraphrased Conclusion

First three are more common.

Types of arguments

• Causal – x and y are correlated, so x must cause y. Assumption is generally that there is true causal relationship, there are no other causes and that x causes y (and not y causes x).
• Sampling – small sample extrapolated to larger group. Assumption is generally that sample is representative.
• Analogy – comparison between two things to reach an argument. Assumption is that two things are similar enough for the analogy to be realistic.
• Formula – uses average, mean ratio, percentage etc to draw conclusion. Assumption is that the formula used can be applied to the population.

CR Tips

• Understand the concept of Premise, Additional Premise, Counter premise, Assumption and Conclusion in arguments. These could be with or without Premise indicators (because, since, for example etc) , Additional Premise indicators (Furthermore, Moreover, Beside etc), Counter premise indicators (But, Yet, However, Although etc) Conclusion indicators (thus, therefore, hence, so etc).
• Some of the CR passages are Facts (no conclusion). Only question type possible on these passages are resolve the paradox or inference question because of unavailability of conclusion.
• Be look out for Quantity words (Most, Some, Few, Several etc) and Probability indicators (Never, will, could, would, likely, rarely etc). Wrong answer choices will sometime contain narrower or wider scope.
• Fill in questions are Assumption question (ends with Premise indicators Because, Since etc) OR Main Idea question (ends with Conclusion indicators Thus, Therefore etc) OR Inference question.

Majority passages should be on Business, few on social science, humanity, physical and biological science etc

Question types

1. Main Idea – Title/statement best describes the passage
2. Supporting Idea – specific details in the passage
3. Inferences – must be true based on the details in the passage
4. Applying Passage information – applying passage information to the context from real word
5. Logical Structure – overall structure of the passage or why a detail or paragraph was included.
6. Style and Tone – author’s attitude towards the topic

Exam Strategy 

• Read the passage looking for Main idea, purpose and structure. Continue to ask what and why. Look for big picture and ignore details.
• Read as fast as you can to retain. Take notes, if required.
• Topic sentence (usually first sentence) and concluding sentence (usually last sentence) is very important.
• Read body paragraph asking why author included it. Try to skim thru body paragraph quickly.
• Keep looking for change using direction words (despite, however, yet, but, although etc). Read the statements and see if structure changes.
• You can generally skim continuation statements (Look for words for example, additionally, furthermore etc). These indicate details.
• Look for conclusion statement (statement after conclusion word such as thus, therefore, consequently, hence etc OR the statement before evidence words because, since etc ) and read as these add to main idea and purpose. The statements before conclusion words and after evidence words include details and can be skimmed.

RC Tips

• The tone of GMAT passages should be generally mild.
• Extreme choices (includes all, always, never etc) are usually wrong. Moderate choices (includes some, sometimes, often etc) are usually right.

 Types of passages

• Explain – Author details information about the topic. The introductory paragraph will usually state topic. Body paragraph will add additional points and aspect of topic. The conclusion paragraph will summarize.
• Evaluate – The author takes a topic and analyze strength/weakness and come to conclusion. Introductory paragraph states topic. Body paragraphs state strength/weakness. The tone in body paragraph is neutral. Final paragraph states conclusion.
• Persuade – The author states the issue and persuades readers why certain solution is appropriate. The introductory paragraph will state topic. Body paragraphs will state persuasive arguments. Final paragraph concludes the position.
• Compare/Contrast – The author compares/contrast two ideas. The author introduces two ideas in introductory paragraph. Compare these ideas in body paragraphs. The final paragraph concludes one side or advantages/disadvantages of both sides.

• http://www.veritasprep.com/gmat-preparation/free-practice-GMAT/ – 1 free test simulator
• http://www.princetonreview.com/business/free-gmat-practice-test.aspx – online demo and 1 free test
• http://www.crack-gmat.com/gmat-test.htm – 1 free online test
• http://www.800score.com/free-gmat.html – 1 free test
• http://gmatscore.com/free_trial_try_now.asp – free test
• http://www.manhattangmat.com/free-gmat.cfm – free online test
• http://gmatclub.com/tests/ – one free math, verbal, idiom test and qs, diagnostic test
• Powerprep – Older version of gmatprep from gmac, 2 free tests
• http://www.gmatlive.com/free-practice-test.html – 1 free test
• http://www.4tests.com/exams/examdetail.asp?eid=31 – 1 free test (not full length)

Later, if you want, you can hide Classic GL config path using Program RFAGL_SWAP_IMG_OLD.

Merging Various FI Ledgers – This is basic functionality that is always accomplished after new GL migration. Classic Ledger, Cost of Sales Ledger, and Consolidation ledger are merged into leading ledger in New GL. For each account, it can be specified which ledger will be used as source for new GL leading ledger.

Migrating Special Ledger or Profit Center – Special ledgers can be migrated to New GL ledgers. Profit center tables GLPCT/GLPCA can be migrated to New GL tables FAGLFLEXT/FAGLFLEXA. Profit center and Partner profit center will be updated in New GL tables. Segment field can also be updated if required.

Document Splitting – If document splitting is used on profit center, business area or Segment, migration scenario can include information related to splitting.

Parallel Valuation – Parallel ledger is new concept in New GL. You can consider moving from Parallel accounts solution to Parallel Ledger solution and include this in migration.