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Section A
Section B
Section C
Section D
Section E
100
Why did we start project Phoenix?
VAT risk on current process
100
What is the biggest accounting change in Phoenix?
AR & sales details are booked in CMR entities
100
What is the difference between a CMR and a LRD?
In a LRD the IC billing in the CMR includes an inventory entry in an out for the Deemed Invoice Value
100
Which countries have a LRD?
Greece & South Africa
100
Why can we get rid of Swisspost Commpost?
VAT on Trade Sales is now directly posted in the CMR entity, because invoice to customer is in CMR.
200
Which e-mail address must be used in case of urgent technical issues at go-live?
EU-help
200
Where do we need to book manual revenue entries? MIT or CMR?
CMR, all COPA details for revenue and COGS must be reported in the CMR
200
In which entity do the expenses for Self assessment of VAT on free goods end up?
MIT
200
What is the advantage of posting the True-up of the IC billing documents via an IC sales order?
True-up is included in both VAT and Intrastat
200
Will a CMR owm inventory?
No, all inventory is owned LRD will own inventory in a split second
300
State 5 different flows we have identified in Phoenix?
Normal Sales of Goods Debit / credit note Sale of a service Consignment Loaner CC-order Maintenance Rebates
300
Which kind of entities are not impacted by Phoenix?
Entities that are not a CMR for example BRC, EOC and manufacturing entities
300
What will change in the GFS reporting?
Financial totals Sales, COGS in MIT Product details Sales, COGS, units in CMR
300
What are the additional programs that must be executed at Phoenix Go-live?
Reclass program Recharge program True-up IC billing via Sales Order
300
For Quarter- end GFS retrievals what will change for Financials?
AR in CMR (Sales and COGS do not change and are still reported in MIT)
400
What is the reason for booking Bad debt accrual directly in MIT?
AR risk belongs to MIT Expenses are booked to Natural Expense account so no reason to book accrual in CMR
400
Do we need additional agreement for Recharge program?
No, the legal basis for these transactions is the underlying commissionaire agreement (sales services agreement) which clearly states that the legal title and therefore risk related to inventory and AR, lies with MIT.
400
Which parameters are important to estimate the DI %?
AOP Sales & Actual expenses based on trend previous FY's
400
What does Phoenix improve in case you are a CMR that must reflect a "buy/sell" model in the statutory financial statements?
All Sales and IC COGS details are reported in the CMR. Only statutory adjustment that must be done in the reversal of the reclass entry in SPL.
400
What is the difference between PCA (Profit Center Accounting) and COPA (Profitability Analysis)
Profit Center Accounting goes to Finance Database GFS Profitability Analyses goes to Product Database GFS
500
Why did we initially pay Commission from MIT to CMR and now we are paying IC COGS from CMR to MIT?
Pre Phoenix: AR in MIT so cash receipts in MIT Cash available for CMR is received via commission After Phoenix: AR in CMR so cash receipts in CMR CMR has to pay difference between cash receipts customers and commission income back to MIT
500
Is there a way to save expenses in case you are a country that must self assess VAT?
Two invoices: IC billing between MIT and CMR --> Yes, ship goods from NL no self assessment required Trade invoice between CMR and customer --> No
500
Why do we split up in IC billings LBM and mark-up?
CMR needs to report LBM value in GFS on product detail level. IC billing MIT has split up: 3960000 LBM 3960001 Mark-up MIT – CMR IC billing CMR is processed based on IC billing in MIT: 4960000 LBM --> based on this accounting line item COPA document Trade COGS is booked! 4960001 Mark-up MIT – CMR
500
Cash is registered under entity MIT, how is this possible if AR is received in CMR?
All the cash received from customer is originally is received in the CMR. The IC billing documents transfer all that cash excluding the commission because that should remain in the CMR
500
Why do we have an IC billing document in the CMR for FOC but not for CC orders?
Goods issue FOC --> 4001000 --> requires COPA document --> requires IC billing CMR Goods issue CC-order --> 8130000 --> doesn’t require COPA document --> no IC billing CMR needed