Recent questions tagged sap-fico

Description : How dunning procedure will updated in Customer Master?

Last Answer : By Assigning Dunning Procedure in Customer Master Record.

Description : What is USGAAP?

Last Answer : USGAAP Stands for "United State Generally Accepted Accounting Principle" used to prepare financial statements for publicly traded companies and many private companies in the United States. ... assumptions, principles, and constraints, as determined by the Governmental Accounting Standards Board.

Description : What does definition of a chart of account contains?SAP-FICO

Last Answer : The chart of accounts contains the list of GL accounts. In simple words, it may be defined as a list of GL accounts used for external(Tax authorities etc.) and internal( management level etc.) purposes.

Description : CK40N and its Uses?

Last Answer : CK40N is used for updation purpose, CK40n is used to update the Prices in the material master. it is done by marking and releasing the cost estimate which is calcualted. when marking is done, the ... standard price in teh costing 2 tab. all the postings will then use the price which is updated.

Description : CK11N and its Uses?

Last Answer : CK11n is used to calculate the standard cost estimate of the product. the system considers the bom structure and valuation strategy and control mention in the costing variant and calculates teh ... quarterely etc. and all the analasys of actual production is based against this standard estimate.

Description : Explain about OBYC Config for FI MM integration?

Last Answer : It is complete Fi-MM integration config. In material master, we stored all information for a certain material. Like as material type, material group, purchasing information, sale and distribution ... for the material movement. The all account entry is done via automatic account posting tcode: OBYC

Description : Where and how do we do this?

Last Answer : You make the allocation for each of these through access sequences. Access sequence is nothing but SAP's terminology of determining the Gl accounts. SAP provides the following six ways ... surcharges and discounts automatically. The account determination in SD happens through an access sequence

Description : How Revenue G/L recognises in Fi-SD integration?

Last Answer : All accounting entries with respect to the billing will have one side of the account as a Customer or receivable and the other side to be a revenue account. For e.g. Customer -Dr. To Revenue ... master data. All we need to do is to configure the revenue account or the discounts and surcharges