The errors or bugs forwarded by the end user to the support team are prioritized under three seviority High, Medium and Low.
In fiscal year posting period is a period for which the transactions figures are updated. The posting period variants in SAP is accountable to control which Accounting period is open for posting and ensures that the closed periods remain balanced.
It controls which field should suppress, display, optional and required. A short-end fiscal year results when you change from a normal fiscal year to a non-calendar fiscal year, or other way around.
This type of change happens when an enterprise becomes part of a new co-corporate group. To control the data that needs to be entered at the time of the creation of a master record an account group is used.
The purpose of " Document type" in SAP is a Number range for documents are defined by it b Types of accounts that can be posted are controlled by it, e.
Business area is at client level which means other company codes can also be posted to the same business area. The Vendor and Customer codes are stored at the client level. It means that by extending the company code view any company code can use the customer and vendor code.
Tolerance determines whether the payable places matching or tax hold on the invoice. The following are the instances of tolerance can be defined for Logistic Invoice Verification. APP tools help to avoid any mistakes taken place in posting manually.
Also, when number of employees is more in the company, payment through APP becomes more feasible. The due date can be changed on each individual invoice if required. In certain companies, especially the one dealing with high cash transactions, it is not practical to create new master records for every vendor trading partner.
One time vendors allows a dummy vendor code to be used on invoice entry and also the information which is usually stored in the vendor master.
The following steps are the standard stages of the SAP payment run a Entering of parameters Vendor Accounts, Company Codes, Payment Methods b Proposal Scheduling — the system proposes the list of invoice paid c Payment booking- the booking of the actual payments in the ledger d Printing of payment forms ,example cheques 44 In Accounts Receivable, what is the difference between the 'Residual Payment' and 'Part Payment' methods of allocating cash?
SAP can determine which customers should receive the letters and for which overdue items. Different letters can be printed in SAP depending on the overdue payment date, with a simple reminder.
With the help of dunning level on the customer master, we can know which letter has been issued to the customer.
In SAP FICO, SAP FI take cares about accounting, preparation of financial statements, tax computations etc, while SAP CO take cares of inter orders, cost sheet, inventory sheet, cost allocations etc. It is the software that stores data, and also computes them and retrieves the result based on the current marketing scenario. We would like to show you a description here but the site won’t allow us. SAP FICO stands for FI (Financial Accounting) and CO (controlling). In SAP FICO, SAP FI take cares about accounting, preparation of financial statements, tax computation Top 50 SAP FICO Interview Questions & Answers.
At the end of the year, profit and loss accounts are cleared down to the retained earnings balance sheets account. The field contains an indicator which is linked to a specific GL General Ledger accounts to use in this clear down.
Recurring entries can eliminate the need for the manual posting of Accounting documents which do not change from month to month. For example, an expense document can be generated which can be scheduled for the last days of each month or whenever an individual wants it. Usually multiple recurring entries are created at one go and then processed all together as a batch month end using transaction.
Value fields are number or value related fields in profitability analysis such as quantity, sales revenue, discount value etc. Statistical internal orders are dummy cost objects used for reporting and analysis purposes. It must be posted to in conjunction with a real object such as a cost center.
You can use internal orders for a Overhead Orders: It monitors internal jobs settled to cost centres b Investment Orders: It monitors internal jobs settled to fixed assets c Accrual Orders: Offsetting posting of accrued costs calculated in CO d Orders with Revenue: It display the cost controlling parts of Sales and Distribution, it does not affect the core business of the company.Welcome to the SAP ERP Financials(FICO) WIKI.
Feel free to create new entries or add to existing ones.
SAP ERP Financials provides a complete financial management solution for a broad range of industries. It's the leading enterprise software solution for accounting, financial reporting, performance management, and corporate governance.
No unpaid tax lines exist for the given selection criteria.
To avoid duplicated questions, these results can come from two places: from the live questions of the SAP Q&A platform and from the archived SCN Discussions. If the answers provided by the search do not match your question, fill in the details as precisely as possible to get the best answer faster. PLS HELP ME IN FICO INTERVIEW QUESTIONS. hope below links helps: iridis-photo-restoration.com 28 rows · SAP FICO Consultant Job Pittsburgh, PA, US Pittsburgh, PA, US Cloud Infrastructure Architect Job. Cloud Infrastructure Architect Job Palo Alto, CA, US Palo Alto, CA, US IT Intern (Estagiário) Job. IT Intern (Estagiário) Job São Leopoldo, RS, BR São Leopoldo, RS, BR.
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