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Note On FI Issues

The document discusses organizational structure elements for APGENCO's SAP implementation, including profit centers, cost centers, and a new chart of accounts. Key decisions were to map profit centers by new units/projects, establish the new chart of accounts from April 2013, and set up a centralized payroll system at headquarters. The Joint Managing Director advised focusing the ERP system on inventory management and process standardization across APGENCO.

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43 views

Note On FI Issues

The document discusses organizational structure elements for APGENCO's SAP implementation, including profit centers, cost centers, and a new chart of accounts. Key decisions were to map profit centers by new units/projects, establish the new chart of accounts from April 2013, and set up a centralized payroll system at headquarters. The Joint Managing Director advised focusing the ERP system on inventory management and process standardization across APGENCO.

Uploaded by

Shannon Thomas
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOC, PDF, TXT or read online on Scribd
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Note: Sub: APGENCO - SAP Organization structure elements Company, Company code, Segments, Profit centres, Cost centres,

, New Chart of Accounts as per SAP standard and Establishment of Centralised Payroll System at HQ Reg. ...
FI organizational structure is used for External/Internal Reporting FI Organizational Units: Company Company Code Segment Profit Center Chart of Accounts

1. It was informed by FICO Module Lead that a meeting was held on 10th Oct 2012

with BPOs of FICO and preliminary discussion was held on the various organization elements in the Enterprise Structure, Existing Accounting Units, Cost centers requirements.
2. A detailed presentation on the Profit centers mapping to the existing accounting units

was further held on 8th Nov 2012 to the BPOs and considered the following points for further study: To consider Profit centers at Plant level subject to generation of reports required for commercial wing to meet the requirements of PPAs and forthcoming units/projects into consideration New Chart of Accounts to suit SAP system Running the New Centralized Payroll System The detailed study was continued with all wings of the Finance & Accounts, Commercial, the Organization Structure was prepared and presented keeping in view of the suggestions made during the above meetings. 3. As a sequel to the above two meetings, a detailed presentation was submitted to the Joint Managing Director, FA & CCA (Accounts), FA&CCA (Resources), Dy CCAs and SAOs along with FICO Business Processes Owners and discussed on the various organizational structure elements for finalization. 4. The detailed presentation covered the following areas: Controlling Area/Company /Company Codes Segments Profit centers Cost centers Chart of Accounts

Execution of Central Payroll System Key Decisions:


1. The Profit centres are to be mapped keeping in view of the newly commissioned

units/projects which have separate commercial implication(Like PPA). As such the Profit Centres for new units/projects are to be separately maintained in addition to the old units as one profit centre. 2. The new chart of Accounts as per the SAP system was discussed and the following schedules are to be maintained in the system Staring No. Of Main Description of Schedule Schedule Account 1 2 3 4 9 Assets Liabilities Revenues Expenditure Reconciliation Accounts

Necessary accounting heads are to be created accordingly and new chart of Accounts is proposed to be effective from 01.04.2013 (next F.Y) to enable easy migration of data.
3. The need to run the Central Payroll System (CPRS) and its advantages was

discussed and decided to establish a Centralized payroll system at HQ. The necessary inputs and handling the errors, if any identified, will be carried out at respective Plants. The salaries and employee related payments (remittances) will be arranged/disbursed centrally from HO. For this purpose, necessary infrastructure at Corporate Office for execution of central payroll system is to be proposed and established by the O/o FA&CCA(Accounts). 4. The Joint Managing Director on review advised as follows: To ensure the correct mapping of Profit and Cost Centres related to Hydel Stations. The SAP ERP system should focus on Optimum and Centralised Inventory Management System To ensure standardisation of processes across APGENCO before design phase. Ensure the closure of Annual Accounts to happen on targeted date of closure. 5. The ERP Project SHAKTHI team to comply on the above advises of Joint Managing Director.

6. The following officers were present:

1 2 3 4 4 5 6 7 8 9 10

Sri A.Rama Rao Sri B.S.Mohan Kumar Sri S.Srinivasa Rao Sri.G.Adinarayana Sri B.Prabhudas Smt E.Anuradha Smt S.VijayaLakshmi Sri S.Srinivasa Rao Sri K.Bhaskar Rao Sri GVSR Anjaneyulu Sri U Nagaraju

Executive Director(IS) FA&CCA(Resources) FA&CCA(Accounts) Company Secretary Dy.CCA (Resources) Dy.CCA (Accounts) Dy.CCA (Accounts) SAO(B&R) SAO(Accounts) SAO (Loans) SAO (Audit)

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