1 Execute Report for InterCompany Activity & Journal Entries
2 Open posting period for next yr
3 Run Business Area’s Assignment report.
4 Review list of recurring journal entries
5 Execute Recurring Entries for A/R, A/P, G/L
6 Process Parked A/R, A/P, G/L accounting documents
7 Final Cutoff for the Maintenance of Fixed Asset- Add Transfer and Retire
SAP
FI Integration with MM,SD
1. In SAP you will always get integration with other modules.
SD will interact with FI,
MM will interact with SD :-
1a. Looking at MM and SD interaction first, take the scenario of a
third party order process.
This process uses a PO (which is sent to your vendor)
Also invoice verification is used further along the process to check
that the invoice you send to your customer is the same material
and quantity as that which the vendor sends to you
(but obviously shipped directly to your customer).
Posting Keys
What are posting Keys and How are they used while making postings?
Posting Keys are defined at Client Level.
Posting keys determine whether a line item is a debit or credit as well as the possible field status for the transaction. In this context, it is essential to understand the factors that determine the field status of a transaction. The field status within a FI document is controlled by Accout Type, field status of Posting Key and the field status of the G/L account.
Fiscal Year Variant
Definition
The fiscal year variant contains the number of posting periods in the fiscal year and the number of special periods.
You can define a maximum of 16 posting periods for each fiscal year in the Controlling component (CO). To define the fiscal year variant, go into Customizing for Financial Accounting (FI) under Financial Accounting Global Settings ® Fiscal Year ® Maintain Fiscal Year Variant.
Difference Between Posting Key and Field Status Group
What is the difference among Account group, Posting key and Field status group in terms field status?
Account group (in GL accounting)defines:
a. no. ranges of the gl account numbers
b. field status of the GL account master data in the company code segment.(which fields to appear when you create a gl account) (to control…double click on your GL account group in Screen transaction code OBD4)
Business Area Vs. Profit Center Vs. Profitability Segment
What is the difference between Business Area, Profit center & Profitability Segment?
Business area is an organisational unit which corresponds to the specific business segment or area of responsibility. Identification of business area helps in segment reporting of a company in its financial statements. Business areas can be identified based on the products of the company or based on geographical area.
Profit centers are internal areas of a company that have the responsibility for achieving target profits or productivity goals.
The objective of business area is more for reporting purposes whereas profit center allows to analyse areas of responsibility and to delegate responsibility to decentralised units (eg., the various divisions within a company). Thus, profit center are basically treated as “companies within a company” and ensures effective control.
Condition Types
Condition Types:
> The condition type determines the category of a condition and how it is used.
> The calculation type and the scale base type can be controlled for each condition type.
For Example: Scale for Condition Type PROO
| 1 | Pieces | 800 | Unit |
| 10 | Pieces | 750 | Unit |
| 100 | Pieces | 700 | Unit |
> Possible scale base types Possible calculation types
Value Percentage from an initial value Fixed amount
Quantity Amount per unit of measure
Weight Amount per unit of weight
Volumes Amount per unit of volume
Time period Quantity per unit of time