Tasks to be completed when documenting an operation (from creation to publication)
1. Enter the Title of the operation / page
2. Add the following Labels:
Scope of applicability: ww, country_accounting
Country or group of countries (if applicable): belux, china, france, italy, lam, nam,uk_ie, bulgaria, dach, netherlands, iberia, poland, latvia, australia, india, japan, south_korea, thailand, singapore
Unit and Domain according to the List of labels to be used in the Finance Service Line space
- E.g. 1: WW Operation in Financial Accounting under domain "Central Finance Processes & Compliance":
- Labels to be used: ww, financial_accounting, central_fin_proc_compliance
- Labels to be used: ww, financial_accounting, central_fin_proc_compliance
- E.g. 2: France Operation in Financial Accounting:
- Labels to be used: country_accounting, france, financial_accounting
(for country operations, the Domain is always country_accounting)
- Labels to be used: country_accounting, france, financial_accounting
- E.g. 1: WW Operation in Financial Accounting under domain "Central Finance Processes & Compliance":
3. Fill in all fields as described above
4. Once the description of the operation is completed, ensure it is approved and published by launching the SBS-Finance approval workflow
Responsibility area: N/A
Table of contents
Scope
ERP
Frequency
References
Forms
Attachments
Previous OP << US - 6294_5782 Interests Accruals >> Next OP
1. Objective and Scope
1.1. Objective of this Operation
Book every month the interests regarding the loan of $160M between 5782 and 6294 in both sides.
1.2. Scope
This procedure applies to company 5782.
2. Definitions
See Finance Glossary:
3. Tasks description
A loan contract was done between companies 6294 and 5782. The lender (6294) grants to the borrower (5782) a credit facility of $ 160.000.000,00 USD and bearing a annual interest rate of 5,76%. The interest is calculated on the basis of the interest rate for each interest period.
For that reason, an entry must to be done monthly in order to book the interests accrual of the period. A debit is performed in account 6500030000 with cost center ND46000000 and a credit in the account 2720106294, the trading partner 6294 also must be informed.
3.1. Responsibilities
CAM Responsibilities:
- Send the figures that needs to be posted every month.
Finance Operations Responsibilities:
- Perform the entry and inform the CAM.
3.2. Periodicity
This procedure is done until D-3.
3.3. I retrieve and upload the data
Monthly Finance Operations receives by ticket the figures to be posted in 5782 and 6294 sides. The Curitiba team only post the 5782 side.
In order to perform the posting, open the templated created in SAP - LOANSSP, and fill the following fields as in the image below, attention to the fields in yellow, that change monthly:
| Field | information |
| Company Code | 5782 |
| Header Text | Interests Loan 160MUSD |
| Doc & Posting Date | date of the entry |
| Posting Key & G/L account | 40 - 6500030000 |
| 50 - 2720106294 | |
| Amount Doc cur | updated monthly |
| B.A. | 8590 |
| Cost center | ND46000000 |
| Trading Partner | 6294 |
| Assignment | Loan 5782-6294 |
| Text | 6294 Loan agreement MM.01.20XX-MM.31.20XX |
3.4. I inform that the process was performed
I inform the CAM that the process was performed through BMC Helix.
5782 CAM - Michael Ruane - michael.ruane@solvay.com
End of document.