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Also, both, FI and CO modules store the financial transaction data. SAP is used to help companies generate and manage financial statements for analysis and reporting. Also, it helps with effective business planning and decision-making.
The business area is a separate area of operations of organizational units of financial accounting that can be used as internal and external reporting. Posting Key in SAP further specifies whether the item is debit or credit entry, account type that can be posted and the screen arrangement of line items. A General Ledger in financial accounting is used to record all business transactions in a software system. In SAP, Fiscal Year Variant FYV is an alternative which controls parameters for a financial year, such as managing financial accounting year and posting period modifications to open and close posting periods.
It is used during the opening and closing period in the fiscal year for posting purpose. Independent FYV: A type of fiscal year that uses the same number of the period for each financial year. And the posting year always starts and ends on the same day of the year is called Independent FYV. It can be further classified as:. Field Status Variant is used to determine the fields that are used for input like a cost center, profit center, plant, etc.
It is basically a tool used to assign the same set of properties to more than one object. Field status groups are assigned to the General Ledger account. You can define a field as optional, mandatory or suppressed through the field status groups. Document Type Key is used to differentiate between different business transactions and to classify the accounting documents. It is used to determine the number range for documents and account types such as material, asset, etc for posting.
A Controlling Area is the basic organizational unit in Management Accounting. It is a closed entity which used for cost accounting. You can allocate costs only within a controlling area. These allocations cannot affect objects in other controlling areas. If you carry out interim or final billing for a case in live mode, the system creates a document for every invoice in Sales and Distribution SD. Incoming and outgoing payments are posted in Accounts Receivable Accounting or Accounts Payable Accounting for advance payments, down payment requests, invoices, corrections and final invoices.
All the payments are accounted in the down payment chain transactions and this displayed in the posting data. A partial payment is posted to an account without any open items being removed.
This partial payment is assigned to an open item. When you post the partial payment, the system marks the document number of the original open item in the line item for the partial payment. The original open item and the partial payment remain open.
Your email address will not be published. Browse Interview Questions Tutorials Community. Log In. Become a Certified Professional. Read More. Also, both, FI and CO modules store the financial transaction data 2. Mention the various submodules in SAP Finance.
How is SAP useful in finance? What is a chart of accounts COA? What is general ledger in financial accounting?
What is the year independent and dependent FYV? What are field status variants? What are the field status groups? It is used to determine the number range for documents and account types such as material, asset, etc for posting What is the controlling area? What are incoming and outgoing payments? Leave a Reply Cancel reply Your email address will not be published.
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All FAQ. Login Register. How much memory will be allocated for internal table and work area? What is webdynpro for ABAP? What are the differences between simple and interactive ABAP reports? How many lists can be displayed through an interactive report? How to navigate from one view to other in webdynpro ABAP? How to share data between view?
Is there any way other than component controller? What may planned orders be converted to and how is that conversion accomplished?
What are the different ways to organize purchasing organizations? What are some of the options available to transfer materials from one plant to another?
What is the difference between a Purchase Order and a Purchase Requisition? What is the organizational structure in SAP sales and distribution? What is a 'Company' in SAP? What is mySAP? What is the transaction code to manage lock entries in SAP? What are Start routines? What are the extractor types? What are the steps involved in LO Extraction? What is the table that is used in start routines? Explain how you used Start routines in your project? Can we load and replicate data from one source system to multiple target database schemas of HANA system?
Can the type of data load and replication be specified? Define Configuration in SLT? Is there any need of pre-requisite before creating the configuration and replication? Define what is Configuration and Monitoring Dashboard? What is advanced replication settings? Can we instantiate the interface? Can we achieve multiple inheritance using Interfaces?
Does polymorphism achieved through interfaces? What is the difference between abstract class and interface? Can we raise events in interface? What is a single-ton class? What are iViews and Web Dynpro competing technologies?
What tools does SAP provide for creating portal content? What are the key features of the portal? How can I integrate the user management of the portal with that of other systems? What are Enterprise Portal Client Framework levels?
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SAP FICO INTERVIEW QUESTIONS & ANSWERS How to Clear Each and Every Interview You Give- % Success Assured. Published by a Team of SAP Consultants at SAPTOPJOBS Visit us at one.calcionotizie24.net e.g. FI-GL, Assets, Controlling etc at . May 17, · SAP Controlling FAQ CONTROLLINGControlling: Controlling provides you with information for management decision-making. If facilitates co-ordination, monitoring and optimization of all process in a, SAP Controlling Interview Questions and Answers, FICO (Financial Accounting & Controlling) Interview Questions. SAP Fico Interview Questions and Answers. one.calcionotizie24.net Is Sap? Ans: SAP is the name of the company founded in under the German name (Systems, Applications, and Products in Data Processing) is the leading ERP (Enterprise Resource Planning) software package. one.calcionotizie24.net Is Erp? Ans: ERP is a package with the techniques and concepts for the integrated management of business as a whole, for .