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Purpose 

 The purpose of this page is to describe how to create and use the account groups functionality.

Overview

On the Account work set you will be able to:

  • Create account groups that are relevant to your compliance initiatives;
  • Designate account groups as significant for compliance tracking and reporting;
  • Document the reason for designating an account group as significant;
  • Define financial assertions relevant to your account group.

Accounts and assertions are assigned to:

-Subprocess: Representing which accounts/assertions should be covered by the controls.

-Controls: Representing the accounts that are covered by the actual controls.

-Risks: If the company also manages by risk.

1.Enabling Accounts workcenter

To enable the Account for regulation type, follow the procedure as described on KBA 2025172 - Accounts workcenter is not visible:

Go to SPRO → Governance, Risk and Compliance → Process Control → Multiple-Compliance Framework → Configure Compliance Initiatives → Click on Master Data (Left hand side)

Enter the relevant Regulation Type (example-financial for SOX) Make sure for entity ID 'ACC_GROUP' the activate checkbox is on.

If there is no entry, you can add the same and activate it.

  •   Image 1: Assign Account Group entity to Regulation type.

 

After you have enabled the master data Account Group for one regulation type, the following applies:

  • The Account Group tab is visible in the subprocess screen under the current regulation type.
  • The Account Group tab is visible in the process hierarchy detail panel under the current regulation type.
  • The Account Group tab is visible in the manual test plan under the current regulation type.

2. Creating the Account Groups

To create the Account Groups, navigate to: Master Data → Accounts → Create.

  • Image 2: Account Group general tab

The following tabs are available:

-General:

General Informations like name, description and validity fields. Select the Assertions that are relevant to this account group as well, they come as all assigned by default.

-GL Accounts:

Insert the General Ledger account range. This is the record used to store balance sheet related to each organization.

-Risks: 

Risks assigned to the accounts. For more information, refer to the Risk catalog WIKI.

DISCLAIMER: Image/data in this WIKI is from SAP internal systems, sample data, or demo systems. Any resemblance to real data is purely coincidental.

Related Content

Related Notes: 

  • 2464959 - Account groups not pulled into local control from central control
  • 2468943 - Reporting: Risk Coverage report does not display controls related to account groups
  • 2029086 - Dump is coming while creating Account Groups
  • 1701366 - After installation work center links not appearing.
  • 2304111 - 'Attribute P85316 not known' error while uploading Account Group data through MDUG
  • 2150157 - Data Inconsistency between MDUG file and system Data
  • 2133331 - MDUG Creates Duplicate Control Risk Mapping
  • 2112893 - Error when uploading Subprocess having non significant account groups
  • 1973598 - When exporting data from CLM system a lot of duplicate records are generated for Control entity
  • 2007276 - CLM extraction error in account group
  • 2025172 - Accounts workcenter is not visible
  • 1701899 - Account Groups are Not Available for Assignment
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