You are on page 1of 51

SAP FI CO FICO Tables || Transaction codes || FICO Reports || Account posting || General ledger || Posting periods || Account Payable

|| Taxes || Business Area

Ads

Sunday, March 21, 2010 What is Company Code? Company Code is a unique four alphanumeric characters that represents an independent and legal accounting entity. It's the smallest and minimum necessary organizational structure in SAP that required by law to provide a set of financial reports (such as Balance Sheet and Profit/Loss Statements). In the real world, a company code can be a company of a corporate group. In an SAP client, there can be one or several company codes. The general ledger is kept at company code level. For consolidation process in SAP EC module, a company code must be assigned to a company. A company can comprise one or more company codes.

With SAP FI module, we can generate the financial reports of a company code. A company code's financial reports are used for external purpose, such as for external auditors, shareholders/stock exchange commission, tax office, etc.

Company code is one of the two main organizational units of SAP FI module. The other one is Business Area. Business areas are used for internal purpose, such as for company's management. Business areas represent separate areas of operation within one or some companies. With business areas, for example, SAP can generate financial reports of a specific regional area of a company.

Let's say ABC company has one company code in USA (and several company codes in the whole world). With company code, SAP can only generate one set of financial reports for USA office. But, with business areas (depends on how it configured), SAP can generate sets of financial reports per state in the USA. By doing so, the management can analyze the performance of each branch in each state better. It gives more useful information that can be used in decision making process. The use of Business Areas is

optional in SAP FI module.All SAP transactions that have impact to the financial reports from all SAP modules (such as FI, MM, HR, etc) will generate accounting journals in company code's general ledger.

The transaction can determine the company code involved either from the user input for the company code (such as in FI module) or from other organizational unit that related to the company code (such as in MM module, company code can be determined from the plant that input by user).

In MM module (Logistics), each plant must be assigned to a company code. A company code can have several plants.

A plant can also be assigned to a business area. A business area can be assigned to several plants. Material valuation can be set at company code level or plant.

SAP FICO Company code configuration SPRO path for company code creation Posted by Sappy Guy at 6:21 AM 0 comments Email This BlogThis! Share to Twitter Share to Facebook Share to Google Buzz

Labels: basics, Company Code, FI

Monday, October 12, 2009 How to became FI/CO Consultant

Month 1 Step 1 : Watch SAP Computer Based Training Video SAP System Management - System Administration Basic & SAP System Management - System Administration Basic Advanced User + CCMS Step 2 : Study And Practice The Training Manual (9 set) Step 3 : Watch SAP Computer Based Training Video Shipping Clerk, SOP and Structure OP Step 4 : Study And Practice The Training Manual AA, AP, AR, CO-CCA, CO-IO, COPA, CO-PC and GL

Month 2 Step 5 : Walk Through SAP Q&A Material Step 6 : Browse Configuration Quick Notes Step 7 : Study The SAP Real-Life Blueprint Documentation (AA, AP, AR, CO dan GL)

Month 3 Step 8 : Study The FI/CO Popular Interview Questions And Answers Step 9 : Tips To Behave Like An Experienced Consultant In The Job With Other Consultants Step 10 : Repeat All The Above Steps For Once Step 11 : Now Consider Yourself As An Experienced SAP Consultant And Start Applying For A SAP Job Using Our SAP FI/CO

Sample Resume!

"If you are struggling in FI module in front of others just tell them you have been so busy with CO module for quite sometime that you forget some of the FI module functions. If you are struggling in CO module instead, tell them the other way around. This is a very valid reason in SAP workplace which are even used by senior consultants"

"Talk about the limitations on previous versions of SAP like 4.6c and 3.0. This will give an impression that you have been in the industry for quite sometime working with older versions of SAP. One popular limitation in 3.0 is the menu style which is not the tree view. It is like the conventional menu which appears on top of the screen." Posted by Sappy Guy at 8:19 PM 0 comments Email This BlogThis! Share to Twitter Share to Facebook Share to Google Buzz

Labels: Controlling, FI

Create Sales Order Menu:

Logistics -> Sales and Distribution -> Sales -> Order -> Create

Transaction Code

VA01; VA03

In screen "Create Sales Order: Initial Screen"

Enter Order Type, Sales Organization, Distribution Channel and Division

The next screen is : "Create Standard Order: Overview"

Enter Sold-to party, PO number, Material, Order Quantity, Payment terms and Pricing Terms

To see the header data of the sales document, choose Goto -> Header -> Sales

Save and this is done... Posted by Sappy Guy at 2:43 PM 0 comments Email This BlogThis!

etc.) 3) In Enjoy transactions : while entering customer/vendor Invoice/Cr.Memo transactions Vendor/Customer (Business partner) master data can also displayed along side the a/c name. 2) For each FI transaction code (E. a/c assignment templates and held documents at the left side of the screen. G/L entry – F-02) you can define a document type and default posting key. January 28. company code.g. Credit memo. Reference no. Invoice. Entry screen also contains a/c balance display. address and bank details. . 4) In Enjoy transactions via “Tree” you can access screen variants. header text. (You can over write these default values while entering document. and open line items can be accessed by pressing “Open Items” button. 2009 SIMPLE DOCUMENTS 1) Document header contains: Document and posting date. sales Wednesday.Share to Twitter Share to Facebook Share to Google Buzz Labels: FI. 5) You can enter explanatory text for line items with “*” in front of the text so as to print this text in dunning notices and payment advice notes. Doc.

one document with more than one customer/vendors can be entered) The restriction does not apply to automatically created line items.) ii) Amount per customer/vendor item. similarly. for example. (The posting amount is the total of all debit items or. Posted by Ananth TM at 10:40 AM 0 comments Email This BlogThis! Share to Twitter Share to Facebook Share to Google Buzz Labels: Document. IMG:FI A/cing>Doc>Line Item>Define texts for line items. (Limit is per customer.A.6) In customizing you can define text templates under 4 digit key. (This is also where the payment processing of payment differences is controlled) 2) In the tolerance groups you can enter Upper limits for the following : i) Total amount per document. While entering 4 digit key “=” needs to be entered before the key. during payment settlements.g. these text templates are copied into line item when you enter the relevant key (E.A/cing> F. the total of all credit items.Global settings>Document>Doc Item> Define tolerance groups for Employees. 1) The maximum amounts are defined per company code in “TOLERANCE GROUP”. . DP = “DOWN PAYMENT”). FI POSTING AUTHORISATION IMG: FI.

3) If a user is not assigned to any special tolerance group. 2) The SAP system automatically determines the posting period and fiscal year based on the posting date entered. 1) Several Company codes can use same posting period variant. whether posting period is open for that date or closed. the system checks the account type of the posting key to ensure that the period is open for the assigned account type. At the line item level. 4) Posting periods are defined in the fiscal year variant. two period intervals (Normal and special periods) must be open at the same time. posting POSTING PERIODS IMG: FI. 5) The posting period variant must contain at least the account type “+”.A/cing> F. Closing/opening posting period are carried out in posting period variant. (Only special period needs to be manually changed) 3) The posting period variant is assigned to the company code. 7) In the document header.iii) Cash discount – which user with this tolerance group is able to grant. the periods assigned to the account type “+” are checked with posting date.A. then entries in the tolerance group “___” (blank) are valid for them.Global settings>Document>Posting Periods> Open and close posting periods. . 6) During year closing. (This is default tolerance group) Posted by Ananth TM at 10:39 AM 0 comments Email This BlogThis! Share to Twitter Share to Facebook Share to Google Buzz Labels: FI.

b) Account types permitted for postings. . 2) A Document contains Document header + 2 to 999 line items. Document types define the following: a) Number ranges for Document number. >> Posting Key : Controls the Line items. posting DOCUMENT STRUCTURE / CONTROL 1) A document is saved for every posting. fiscal year. And also c) The field status of “document header Text” and “Reference number” in the Document header.Posted by Ananth TM at 9:01 AM 0 comments Email This BlogThis! Share to Twitter Share to Facebook Share to Google Buzz Labels: FI. 4) Document types are defined at client level. Every Document is uniquely identified by the Document Number. Company Code and Fiscal Year. 3) Document Type : Controls the Document header and classify the business transactions to be posted.

11) Posting keys are defined at client level. DG – Customer Cr.Memo. 10) One number range can be assigned to several document types. . 5) Standard Document types are : KR – Vendor Invoice DR – Customer Invoice. 9) Document type AB allows postings to all account types. 7) Up to a future fiscal year – Number range will continue irrespective of year end. KZ – Vendor Payment DZ – Customer Payment.d) Whether the invoices are posted with net procedure. KG – Vendor Cr. For each fiscal year – At the start of a new year the system starts the number assignment again at the start of the number range. AB – General Document SA – G/L a/c posting.Memo. (You need to define number range for every new fiscal year) 8) The document number range must not over lap. 6) Document numbers can have internal or external number assignment.

(Account specific field status groups are summarized under field status variant which is assigned to company code) If the document is posted to a sub ledger a/c.? iii) The field status of additional fields. >> Whether posting is sales relevant. the field status group of the reconciliation a/c is used. (The field status HIDE cannot be combined with the field status REQUIRED entry which causes an error. b) Posting key specific field status group.) . 13) Document line item fields are controlled by : a) G/L Account specific field status group assigned to the G/L account while creating.12) Posting keys control: i) On which type of account the line item can be posted to ii) The item is posted as a Debit or Credit. In addition to this posting key specifies the following: >> Whether line item is connected to payment transaction or not.

g. Posted by Ananth TM at 8:58 AM 0 comments Email This BlogThis! Share to Twitter Share to Facebook Share to Google Buzz Labels: Dcoument types. 2009 SAP FI/CO Interview and Certification Questions .g. You can store these specifications in the system. Invoice.Part 5 Organizational Units . When posting outgoing invoices. Credit memo. January 26.A. They are proposed by the system when you call up the corresponding transaction). Document. Out going payment) you can define a document type and default posting key at: IMG:FI A/cing>F. posting Monday. For each FI transaction (E. FI.Global Settings>Document>Default values for document processing>Default values. (E.14) Document type does not have default posting key or vise versa. you use the document type "DR" and posting key "01".

Select the correct statement(s) a) Cost centers are assigned to the standard hierarchy through the master record b) Cost centers can be assigned to any level in the standard hierarchy c) Cost center categories enable you to assign the same characteristics to similar cost centers . Select the correct statements a) The controlling area is the highest reporting level for profitability analysis b) Data for overhead cost controlling is extracted from the operating concern c) Product cost controlling extracts data from the controlling area d) The business area is an organizational unit within financial accounting e) Profit center accounting is a component of overhead cost controlling 2.1. Which of the following statements are true or false a) The controlling area currency must be defined as the group currency b) Company codes assigned to the same controlling area must have the same operational chart of accounts c) Profit center accounting extracts data from the controlling area d) The product cost controlling component enables you to calculate the minimum price at which a product can be profitably marketed e) Profitability analysis is used to evaluate external market segments Master Data 3.

Select the correct statements a) Document numbering is defined according to the grouping of controlling transactions b) When posting to a cost center and true order.d) All primary cost elements have a one to one relationship with the general ledger expense accounts e) Secondary cost elements can only be created and used within controlling 4. Which of the following statements are true or false a) All activity types can be used with all cost centers b) An activity type allows you to allocate costs from FI according to tasks that were performed by other departments c) Statistical key figures can be defined as either a fixed value or a totals value d) Master data that can be grouped together include controlling areas and operating concerns e) Activity types cannot be grouped like cost centers. only one true object and one statistical object can be selected 6. the posting to the cost center becomes statistical c) Profit center postings can be true postings if the indicator is selected in the master record d) Postings to cost centers primarily arise out of transaction based postings in FI e) When posting a transaction within FI. cost elements and statistical key figures Transaction Based Postings 5. Which of the following statements are true or false a) Default cost centers can be specified in the cost element master record .

and reposts the values using the original cost elements d) Distribution is the method by which primary costs are reposted using the original cost elements e) Allocation structures assigned to the distribution cycle allow for the grouping of cost elements and repost using secondary cost elements 8. Select the correct statement(s) a) Costing sheets are defined for the percentage method of the accrual calculation b) Periodic reposting is performed when costs are manually reposted from one cost center to another according to a specific statistical key figure c) The assessment cycle allows for the collection of both primary and secondary costs.b) Default cost elements can be specified in the cost center master record c) Profit centers defaulted from the cost center master record. when posting an expense in FI can be changed in the document d) Default values from customizing take preference over default values from the master records e) Line items that are reposted in CO update the cost center in the original document in FI Period-end Closing 7. Which of the following statements are true or false a) The reconciliation ledger allows for the reconciliation of CO components b) The period lock must be set for both plan and actual data c) The period lock is automatically set when the FI period is closed d) An overhead structure is assigned to a costing sheet e) The results of an assessment can be reviewed in the cost center – actual/ plan/ variance report .

Select the correct statement(s) a) Planning profiles are defined with header rows and lead columns b) Multiple planning layouts can be assigned to a single planning profile c) Distribution keys can only be used when planning for a single period at a time d) Planning using activity types can only be performed if the statistical key figures are planned as well e) Activity dependant planning means planning with the use of an activity type 10. a valid employee master record must exist along with a valid cost center. Select the correct statement(s) a) All internal orders must be created according to a specific order type . Which of the following statements are true or false a) In order to transfer planned data from HR. and the two records must be linked b) Plan distribution allows for the distribution of secondary costs c) It is not possible to perform planning using statistical key figures d) It is possible to copy actual data to planning data as long as the planning version has been created first e) All controlling objects are automatically transferred when one plan version is copied over to another Internal Orders 11.Planning 9.

Part 4 Clearing . FI. or if the original cost element can be used for the settlement of true order values Click here for Part 4 Posted by bestest at 5:07 PM 0 comments Email This BlogThis! Share to Twitter Share to Facebook Share to Google Buzz Labels: certification. investment.b) Four categories of internal orders exist namely overhead. Which of the following statements are true or false a) Orders cannot be grouped like cost centers and cost elements b) Substitution rules are used for mass maintenance to internal orders c) A commitment can be raised on an order when a purchase order or purchase requisition is created d) A settlement procedure must be specified for all order types e) An allocation structure allows you to determine whether cost elements must be grouped together and settled using a specific cost element. interview SAP FI/CO .Interview and Certification Questions . Controlling. financial and revenue orders c) Statistical orders are used for reporting purposes only d) Accrual orders allow for the raising of accruals on the order itself e) Internal orders are company code specific and must reference a profit center in the internal order master record 12.

Which of the following statements are true or false a) All payment documents are clearing documents b) Standard system maintenance includes clearing open items on a regular basis. either manually or automatically c) Standard open items. the clearing must first be reset and the document must be reversed before attempting to clear again e) Documents that are cleared have reference to the clearing document number in the document line items Tolerances and payment differences 3. special G/L transactions and noted items can be selected for clearing d) If documents were cleared in error. Select the correct statement(s) a) All open item accounts are cleared automatically by running the automatic account clearing program b) The open item indicator in the customer/ vendor master record must be activated in order to clear customer/ vendor open items c) The open item indicator along with the line item display indicator is usually activated in the balance sheet clearing and profit and loss accounts d) Accounts that are not automatically cleared can be cleared manually using the account clear function e) A clearing document contains the line items to be cleared 2. Select the correct statement(s) .1.

a) Tolerance groups can be defined for customers. Select the correct statements a) Financial statements are defined according to financial statement versions b) Financial statements can have a maximum of 10 hierarchy levels and are company code specific c) Accounts can be assigned to different nodes in the hierarchy of the financial statements d) Amounts are reflected in various groups within the financial statements according to the debit/ credit indicator and the specification of the general ledger accounts e) Companies are restricted to 3 financial statement versions according to the 3 different charts of accounts Payments 6. not both c) A reason code must be specified in the tolerance group for charging off payment differences Financial Statements 5. vendors and employees b) The tolerance groups contain settings for permitted payment differences c) Alternative accounts can be specified for the posting of payment differences d) The values specified for the tolerances can be entered in a currency of your choice e) All users that were not assigned to a tolerance group are by default assigned to the blank tolerance group 4. Which of the following statements are true or false . Which of the following statements are true or false a) Tolerance groups can be assigned to general ledger accounts b) Permitted payment differences are either defined as an amount or a percentage.

as long as there is a reference to the house bank in the vendor master record b) Every general ledger account that is linked to a house bank. Select the correct statement(s) a) All vendor line items can be paid. Which of the following statements are true or false a) A dunning procedure must be assigned to the customer master record in order to dun the customer for late payments . can be reallocated to a different payment method and house bank 7. must be maintained in the currency of the bank account c) Specific programs linked with specific variants are used to create various types of payment media d) Cheques (checks) that are not used are automatically voided by the system e) All vendors must be assigned to a payment procedure in the master record in order to generate payments from the automatic payment program Dunning 8.a) Payments from customers are usually processed using the automatic payment program b) Customizing the automatic payment program includes defining payment methods by country as well as by company code c) Partial payments clear the open items and cause residual items to be posted back to the account d) Line items that are created when charging off the difference back to a vendor’s account. have reference to the original document that is being short paid e) A document which is selected in the payment run.

and how many grace days the system will accept before issuing a dunning letter c) Dunning charges are levied on the customer’s account. which include the frequency.b) Customers are only dunned according to the settings in the dunning procedure. Select the correct statement(s) a) An unrealized foreign currency valuation is created every time a foreign currency payment is made or received b) Balance sheet accounts should be valuated according to the line items in the account c) Assets are depreciated according to the depreciation key and useful life specified in the asset master record d) The asset register is updated independently of the general ledger accounts for accumulated and expense depreciation e) Balance confirmations are customized in the IMG. and cannot be linked to SAPScript forms 10. or user defined variants . whether or not line items are printed with every letter that is issued. and are reflected as a separate line item on the dunning letter d) Interest can also be levied on the customer’s account according to the interest indicator in the customer master record e) The master record of the customer is updated with the dunning level according to the highest dunned document in the customer account f) Customers can be blocked from dunning by entering a dunning block key in the customer master record Financial Closing 9. Which of the following statements are true or false a) All reports must be executed using set variants.

b) The GR/IR account is a clearing account that must be maintained regularly by clearing open items c) The balance carried forward program carries the balances of the accounts forward into the new posting period d) The reconciliation ledger allows you to automatically reconcile the financial accounting and controlling modules e) Assets under construction are settled periodically to fixed assets f) Accrual documents are automatically reversed on the first day of the following period Click here for Part 3 || Click here for Part 5 Posted by bestest at 5:05 PM 0 comments Email This BlogThis! Share to Twitter Share to Facebook Share to Google Buzz Labels: certification. FI. interview SAP FI/CO .Part 3 Clearing 1. Select the correct statement(s) a) All open item accounts are cleared automatically by running the automatic account clearing program b) The open item indicator in the customer/ vendor master record must be activated in order to clear customer/ vendor open items . Controlling.Interview and Certification Questions .

either manually or automatically c) Standard open items.c) The open item indicator along with the line item display indicator is usually activated in the balance sheet clearing and profit and loss accounts d) Accounts that are not automatically cleared can be cleared manually using the account clear function e) A clearing document contains the line items to be cleared 2. Select the correct statement(s) a) Tolerance groups can be defined for customers. special G/L transactions and noted items can be selected for clearing d) If documents were cleared in error. the clearing must first be reset and the document must be reversed before attempting to clear again e) Documents that are cleared have reference to the clearing document number in the document line items Tolerances and payment differences 3. Which of the following statements are true or false a) All payment documents are clearing documents b) Standard system maintenance includes clearing open items on a regular basis. vendors and employees b) The tolerance groups contain settings for permitted payment differences c) Alternative accounts can be specified for the posting of payment differences d) The values specified for the tolerances can be entered in a currency of your choice e) All users that were not assigned to a tolerance group are by default assigned to the blank tolerance group .

not both c) A reason code must be specified in the tolerance group for charging off payment differences Financial Statements 5. Select the correct statements a) Financial statements are defined according to financial statement versions b) Financial statements can have a maximum of 10 hierarchy levels and are company code specific c) Accounts can be assigned to different nodes in the hierarchy of the financial statements d) Amounts are reflected in various groups within the financial statements according to the debit/ credit indicator and the specification of the general ledger accounts e) Companies are restricted to 3 financial statement versions according to the 3 different charts of accounts Payments 6. Which of the following statements are true or false a) Tolerance groups can be assigned to general ledger accounts b) Permitted payment differences are either defined as an amount or a percentage. Which of the following statements are true or false a) Payments from customers are usually processed using the automatic payment program b) Customizing the automatic payment program includes defining payment methods by country as well as by company code c) Partial payments clear the open items and cause residual items to be posted back to the account .4.

which include the frequency. whether or not line items are printed with every letter that is issued. and are reflected as a separate line item on the dunning letter . must be maintained in the currency of the bank account c) Specific programs linked with specific variants are used to create various types of payment media d) Cheques (checks) that are not used are automatically voided by the system e) All vendors must be assigned to a payment procedure in the master record in order to generate payments from the automatic payment program Dunning 8. have reference to the original document that is being short paid e) A document which is selected in the payment run. can be reallocated to a different payment method and house bank 7. Select the correct statement(s) a) All vendor line items can be paid. and how many grace days the system will accept before issuing a dunning letter c) Dunning charges are levied on the customer’s account.d) Line items that are created when charging off the difference back to a vendor’s account. as long as there is a reference to the house bank in the vendor master record b) Every general ledger account that is linked to a house bank. Which of the following statements are true or false a) A dunning procedure must be assigned to the customer master record in order to dun the customer for late payments b) Customers are only dunned according to the settings in the dunning procedure.

d) Interest can also be levied on the customer’s account according to the interest indicator in the customer master record e) The master record of the customer is updated with the dunning level according to the highest dunned document in the customer account f) Customers can be blocked from dunning by entering a dunning block key in the customer master record Financial Closing 9. and cannot be linked to SAPScript forms 10. or user defined variants b) The GR/IR account is a clearing account that must be maintained regularly by clearing open items c) The balance carried forward program carries the balances of the accounts forward into the new posting period d) The reconciliation ledger allows you to automatically reconcile the financial accounting and controlling modules . Which of the following statements are true or false a) All reports must be executed using set variants. Select the correct statement(s) a) An unrealized foreign currency valuation is created every time a foreign currency payment is made or received b) Balance sheet accounts should be valuated according to the line items in the account c) Assets are depreciated according to the depreciation key and useful life specified in the asset master record d) The asset register is updated independently of the general ledger accounts for accumulated and expense depreciation e) Balance confirmations are customized in the IMG.

you are required to change your password b) Your customized personal settings are only available on a particular PC c) The system menu is standard on all SAP screens d) The SAP library is one of the help options. interview SAP FI/CO Interview and Certification . FI. Select the correct statement(s) a) When logging on to the R/3 system for the first time.e) Assets under construction are settled periodically to fixed assets f) Accrual documents are automatically reversed on the first day of the following period Click here for Part 2 || Click here for Part 4 Posted by bestest at 5:05 PM 0 comments Email This BlogThis! Share to Twitter Share to Facebook Share to Google Buzz Labels: certification. it also displays comprehensive help on the current application e) F1 provides a list of field values or an option to search for the information in the case of an extensive list . Controlling.Part 2 Navigation 1.

2. Which of the following statements are True or False a) You can only have one R/3 session open at a time b) A client number is not required to log on to the SAP system c) The help menu is only available when performing a particular task d) The command field provides general information on the SAP system and transaction or task you’re working on e) The status bar provides general information on the SAP system and transaction or task you’re working on f) You can only create a favorites list containing transactions Organizational Structures 3. Which of the following statements are True or False a) A controlling area must be assigned to a company code for the purpose of transferring data to cost accounting for further processing . Select the correct statement(s) a) The Client is the highest legal entity in the SAP system architecture b) One or many business areas can be assigned to a company code c) Clients share master records and transaction tables d) Multiple company codes can be assigned to a single controlling area e) Company codes using different operational chart of accounts can be assigned to the same controlling area 4.

Which of the following statements are True or False a) Tax codes are defined per company code b) Exchange rate types can be identified as US dollars. Select the correct statement(s) a) A Fiscal year must be defined the same as a calendar year b) A non calendar fiscal year can have any amount of posting periods c) If the fiscal year is the same as the calendar year.b) Cross company code controlling can be performed when one company code is assigned to multiple controlling areas c) Business areas must be defined in the SAP organization structure d) Data for profitability analysis is extracted from the operating concern e) Company codes assigned to the same controlling area must have the same operational chart of accounts and the same fiscal year variant General Settings 5. British Pounds etc. year shifts must be specified for each posting period d) The periods for a year dependant fiscal year are the same every year e) The periods for a year independent fiscal year are the same every year f) A shortened fiscal year must be defined as year dependant 6. c) An exchange rate spread is the difference between the bank buying rate and the bank average rate or the bank average rate and the bank selling rate d) The minimum entry to open and close posting periods is the “+” indicator e) You can only define 4 special periods for any fiscal year .

required or optional e) The field status group is assigned at the company code level 8. you can post amounts to the account in any currency d) If the account currency is the same as the company code currency you can post amounts to the account in any currency e) The group account determines the number range of the G/L account f) The same number range can be assigned to all account groups Financial Accounting – AP and AR Master Data . Which of the following statements are True or False a) The ratio between operational chart of accounts and group chart of accounts is 1 to 1 b) The ratio between operational chart of accounts and country specific chart of accounts is 1 to 1 c) If the account currency is different to the company code currency. displayed.Financial Accounting – G/L Master Data 7. Select the correct statement(s) a) The chart of account segment (client segment) and company code segment form the complete G/L master record b) The company code segment does not need to be activated for all the accounts in the chart of accounts c) The currency of the account must be specified at the chart of accounts level d) A field status group determines which fields are suppressed.

company code segment and purchasing organization segment form the complete customer master record b) A vendor/ customer master record can be created for multiple company codes c) The vendor account number is the link between AP and the G/L d) More than one recon account can be specified per customer in the customer master record e) An authorization group must be customized and assigned to every master record 10. Select the correct statement(s) a) The document type controls the field status of the document b) The posting date determines the posting period in the document .9. Which of the following statements are True or False a) The payment term must be assigned at the client segment. change or display) Document Control 11. Create. Select the correct statement(s) a) The client segment. but can be changed at the company code segment b) All customers within the same account group must have the same payment terms c) The vendor’s banking details can be specified at the client segment for the purpose of EFT payments d) Number ranges for customer and vendor accounts are determined per account group e) 2 controls of the field status exist namely the account group and the transaction (ie.

and whether the value is going to be a debit or a credit d) Document numbers are always automatically assigned once the document is posted e) Document types determine which account types can be posted to 12. Which of the following statements are True or False a) Posting periods are opened and closed automatically b) No more than 2 posting periods can be open at the same time c) Posting keys are defined at the client level d) The posting key used to debit a vendor account is 11 e) The posting key used to credit a customer account is 21 Click here for part 1||Click here for part 3 Posted by bestest at 5:03 PM 0 comments Email This BlogThis! Share to Twitter Share to Facebook Share to Google Buzz Labels: certification. . January 23. FI. 2009 Fiscal Year 1) Fiscal year types. interview Friday. Controlling.c) The posting key only determines the account of the posting.

Year independent Fiscal year 1) Calendar Year. 5) Posting periods can be up to 999 and Special periods can be up to 99 – Posting periods more than 16 (Including special periods) can only be used for special purpose ledger applications. 7) For year specific fiscal year – Posting periods for each fiscal year needs to be defined in configuration with reference to calendar years.Year Specific/Year dependent Fiscal year. 6) A shortened fiscal year is a fiscal year having less than twelve months. since it represents a year-related exception. Posted by Ananth TM at 1:20 PM 0 comments Email This BlogThis! . 3) SAP determines the posting period from the posting date. 4) Posting periods can be defined up to 12 and Special periods up to 4. The definition of a shortened fiscal year is always year-dependent. 2) Fiscal Year Variant only defines the number of periods and their start and finish dates. 2) Non Calendar year. IMG: Financial A/c-ing -> Financial A/c-ing Global setting -> Fiscal Year -> Maintain Fiscal year variant.

· There are several integration points in SAP. Distribution Channels and Divisions . the above lists a few . The SD( Sales & Distribution) Module requires the set-up of Sales Organizations. · Document postings are automatically posted in the year and periods that you created in the Fiscal Year variant set-ups based on the month. January 22.Share to Twitter Share to Facebook Share to Google Buzz Labels: FI. therefore knowing some of the integration points enables the Users to better understand the Modules. · Business Areas must be entered when generating business transactions if you would like visibility of those transactions impacting a certain BA(Business Area). · To transfer data between FI(Financial Accounting) and CO (controlling) as well as other modules. Purchasing requires purchasing organizations. fiscal year Thursday. · Organization units are not only defined in FI(Financial Accounting) but also in other SAP Modules. plants. 2009 Integration points of the FI module? SAP is marketed as a fully integrated system. and CO (Controlling) requires a Controlling area to be defined. start and end dates to which postings are allowed within a given period as defined. You can also update your Master Records to include BA(Business Area) for example Cost Center. and storage locations. Posted by Ananth TM at 12:56 PM 0 comments Email This . a Company Code must be assigned to each of the Modules.

It is assigned in configuration to each company code and allows for daily General Ledger postings. GL. The General Ledger accounts are made up of such data as account number. classification of whether the account is a P & L Statement Account or a Balance Sheet Account.Configuration (Contd) More FI configuration considerations: Business Area. COA. a description of the account . Another configuration requirement for set-up in SAP are the Basic settings consisting of the following: Chart of Accounts(COA) Fiscal Year Variants. BA (Business Area) also allows for internal and external reporting. company code. Fiscal year and Currencies Business Area is optional and is equivalent to a specific area of responsibility within your company or business segment.BlogThis! Share to Twitter Share to Facebook Share to Google Buzz Labels: basics. . FI SAP FI Module . Currencies The COA(Chart of Accounts) lists all General Ledger accounts that are used by the organization.

SAP allows for 12 posting periods along with specially defined periods that can be used for year-end financial closing. Tax category (posting without tax allowed) . Marking the G/L Account as a “reconciliation” account allows for postings to an Asset Account ( for example) as well as automatic update to the G/L Account. Posting Periods are defined and assigned to the Fiscal Year. you can also designate whether line item display is possible in the account. The ISO Standards ensure Global conformity across businesses worldwide utilizing SAP. Within the periods you specify start dates and finished dates. etc. Currencies are another basic configuration setting requirement which defines your company’s legal means of payment by country. Vendors. Examples include: Bank Clearing Accounts. Within the General Ledger control data . Configuration prevents direct postings to reconciliation accounts thereby assisting in maintaining integrity of the data. Payroll. This allows reconciliation between the sub-ledger and general ledger to always be guaranteed. Fiscal Year configuration is a must and can be defined to meet your company’s reporting periods whether Fiscal (any period combination that is not calendar) or Calendar( Jan-Dec). Asset. The system then stores an entry per line in an index table which links back to the account.Control data of the GL Account is where currency is specified. Posted by Ananth TM at 12:55 PM 0 comments . Accounts Receivable) or not.etc. It is recommended that all Currency set-ups in SAP follow the ISO Standards. (Display of line item details are then available for reporting purposes . GR/IR Clearing Accounts. Customer. marking the account as a reconciliation account ( e.) Open Item Indicators can be set on the G/L Account allowing for better management of open items.g.

Data entered at this level are valid for all company code data and organizational structures allowing for data consistency. . there are several Configurations prerequisite steps that must be completed.Configuration Primary configuration considerations: Client. The Organizational structure is created by defining the organizational units consisting of the following: Client Company Company Code Business Area A Client is the highest unit within an SAP system and contains Master records and Tables. FI FI Module .Email This BlogThis! Share to Twitter Share to Facebook Share to Google Buzz Labels: basics. Configuration. User access and authorizations are assigned to each client created. Users must specify which client they are working in at the point of logon to the SAP system.Determining the organizational structure is one of the first steps in setting up the business functions in SAP as well as your reporting requirements. company and company code Once a business has decided to use the SAP FI(Financial Accounting) Module.

Language.identifies the street address. DE (German). AR( Arabic). This information is also used on correspondence and reports. FR (French). the following key areas must be updated: Company Code Key. offers over thirty languages including EN( English) . state. IT(Italian). Each company code must use the same COA( Chart of Accounts) and Fiscal Year. Also note that local currency for the company can be different. Address. SV (Swedish) . Country. Company Codes are not optional within SAP and are required to be defined. Company Codes are the smallest unit within your organizational structure and is used for internal and external reporting purposes. ES (Spanish). ZH (Chinese) . You can then make changes as needed. It is recommended that once a Company Code has been defined in Configuration with all the required settings then other company codes later created should be copied from the existing company code. EL (Greek). Company Code Name. This reduces repetitive input of information that does not change from company code to company code as well as eliminate the possibility of missed data input.identifies the name of the business organization within your organizational structure. Master data and business transactions are created by this key. Country currency.identifies the local currency for the company code that you have defined.identifies the country to which your business is based. A company is equivalent to your legal business organization. Companies are defined in configuration and assigned to company codes. and JA (Japanese) to name a few. Consolidated financial statements are based on the company’s financial statements. Posted by Ananth TM at 12:52 PM 0 comments Email This . Financial transactions are viewed at the company code level. city.A Company is the unit to which your financial statements are created and can have one to many company codes assigned to it. When defining company codes. SAP unlike other applications.identifies the company code and consists of four alpha-numeric characters. Country codes within SAP are based on ISO Standards. zip code for the company code created. Company Codes can be created for any business organization whether national or international.identifies the language to be used for you company code and is also used for text in your documents.

The FI (Financial Accounting) Module components. PM (Plant Maintenance). Travel Management. PP (Production Planning). The FI Module also integrates with HR(Human Resources) which includes PM(Personnel Management). SD(Sales and Distribution). The real-time functionality of the SAP modules allows for better decision making and strategic planning. The FI (Financial Accounting) Module integrates with other SAP Modules such as MM (Materials Management). Time Management. The FI Module comprises several sub-modules as follows: Accounts Receivables . It is within this module that Financial Managers as well as other Managers within your business can review the financial position of the company in real time as compared to legacy systems which often times require overnight updates before financial statements can be generated and run for management review.and PS (Project Systems). FI SAP FI Module .BlogThis! Share to Twitter Share to Facebook Share to Google Buzz Labels: basics.Document transactions occurring within the specific modules generate account postings via account determination tables.Introduction Introduction The SAP FI Module has the capability of meeting all the accounting and financial needs of an organization. Payroll. Configuration.

Sales and Distribution. Accounts Payable records account postings generated as a result of Vendor purchasing activity. EDI.Accounts Payable Asset Accounting Bank Accounting Consolidation Funds Management General Ledger Special Purpose Ledger Travel Management Accounts Receivables records all account postings generated as a result of Customer sales activity. or transfers. . It is within the Accounts Receivables Module that you can monitor aging of the receivables and generate customer analysis. The Accounts Receivable Module also integrates with the General ledger. Bank Accounting allows for management of bank transactions in the system including cash management. Asset Accounting is utilized for managing your company’s Fixed Assets. SAP allows you to categorize assets and to set values for depreciation calculations in each asset class. Automatic postings are generated in the General Ledger as well. These postings are automatically updated in the General Ledger . and Cash Management Modules. Payment programs within SAP enables the payment of payable documents by check.

General Ledger is fully integrated with the other SAP Modules. Funds Management allows management to set budgets for revenues and expenses within your company as well as track these to the area of responsibility. These postings are displayed in real-time providing up-to-date visibility of the financial accounts. Please mark ALL correct answers.Consolidation enables the combining of financial statements for multiple entities within an organization. Travel Management provides management of all travel activities including booking trips and handling of expenses associated with trave Posted by Ananth TM at 12:44 PM 0 comments Email This BlogThis! Share to Twitter Share to Facebook Share to Google Buzz Labels: basics. Special Purpose Ledger is used to define ledgers for reporting purposes. Data can be gathered from internal and external applications. FI SAP FI/CO Interview and Certification Questions . These statements provide an overview of the financial position of the company as a whole. Question: . It is within the General Ledger that all accounting postings are recorded.Part 1 Caution: more than one answer may be correct.

Order status . Transfer posting Question: When creating an Overhead Cost Order. the first order information which must be entered is: A. Down payment request C. vendor accounts and customer accounts C More than one company code can be allocated to the same chart of accounts D The chart of accounts controls all the customising settings in the R/3 system E All accounts within a chart of accounts must have the same tax code Question: What status reports does Cash Management and forecasting include? A. Credit limit report D. Incoming payment B. Liquidity forecast C. Credit memo D. Cash management position B. G/L account balances E.Which of the following statements are correct? A More than one chart of accounts can be created for each client B The chart of accounts contains all the G/L accounts. Bill holdings Question: Which of the following are clearing procedures in accounts receivable? A.

G/L account B. a distinction is made between master data. not all Sender/Receiver combinations are allowed. Classification code Question: When creating an Overhead Cost Order. A Sender/Receiver relationship exists. planning. Which settlement receivers are available for internal orders? A.B. . Orders C. Supplier Question: Withing Overhead Cost Controlling activities are calculated. Settlement type D. Activity type E. Vendor Question: In Controlling. Work center C. Asset E. General ledger accounts D. actual data and the information system. Cost center B. Which of the following master data belongs to Controlling? A. However. Cost center D. Order type C. Curreny E. the settlement rule must be entered in the control data.

Which of the following are MINIMUM criteria before it makes sense to carry out period closing? A. Sender. Cost Center Receiver. Project. Order. FI. Cost Center. Materials have been withdrawn. Cost Center. Project C Sender. D. C. Cost Center. E. Cost Object Question: Period closing activities are also performed in Controlling. Order. An order was closed. Personnel costs have been incurred. Project B. Order Receiver. Order. The posting period has been closed. interview . Project Receiver. Overhead has been incurred. B.Which of the following combinations make business sense? A. Cost Center. Sender. This is dependent on certain prerequisites. For Part 2 Click here Posted by Ananth TM at 7:56 AM 1 comments Email This BlogThis! Share to Twitter Share to Facebook Share to Google Buzz Labels: certification.

you need to create your chart of accounts name and properties with the path below: IMG > Financial Accounting (New) > General Ledger Accounting (New) > Master Data > G/L Accounts > Preparations > Edit Chart of Accounts List. With SAP. First. all Cash accounts are in the 100000 to 199999 range) built into the G/L account number.g. you can create your chart of accounts from scratch. The easiest way to configure a chart of accounts is to copy an existing chart of accounts: IMG > Financial Accounting (New) > General Ledger Accounting (New) > Master Data > G/L Accounts > G/L Account Creations and Processing > Alternative Methods > Copy G/L Accounts > Copy Chart of Accounts. you don’t need thousands of accounts or any logic other than grouping logic (e. The main purpose of FI is for external legal reporting purposes to outside authorities (SEC. it is vital to have already drawn out and agreed upon what the Company’s structure will look like.). Before beginning design sessions on the chart. Transaction Code: OBY7 Alternatively. This is often a very difficult nuance for usres to grasp and understand. Bureau of Internal Revenue. etc. Whereas. it is essential that both the consultant and the client personnel responsible for design decisions have a clear understanding of the differences between Financial Accounting (FI) and Controlling (CO) in SAP. Transaction Code: OB13 Then create your G/L accounts manually: Menu Path: Accounting > Financial Accounting > General Ledger > Master Records > G/L Accounts > Individual Processing > In Chart of Accounts. the main reporting purpose of CO is for internal management reporting. Settling on a chart of accounts with the users in the client sites is one of the first big thing challenge to overcome in a project. .Chart of Accounts Set-up and Configuration Before configuring any part of the FI Enterprise Structure.

January 10. 2009 Important Tables in SAP FI Financial Accounting Table Name Description Important Fields Financial Accounting FBAS Financial Accounting “Basis” BKPF Accounting Document Header BUKRS / BELNR / GJAHR BSEG BUKRS / BELNR / GJAHR / BUZEI BSIP BUKRS / LIFNR / WAERS / BLDAT / Accounting Document Segment Index for Vendor Validation of Double Documents Inter Company Posting Procedure XBLNR / WRBTR / BELNR / GJAHR / BUZEI BVOR BVORG / BUKRS / GJAHR / BELNR EBKPF GLSBK / BELNR / GJHAR / GLEBK FRUN PRGID KLPA Run Date of a Program Customer / Vendor Linking Accounting Document Header (docs from External Systems) . Posted by bestest at 7:26 AM 0 comments Email This BlogThis! Share to Twitter Share to Facebook Share to Google Buzz Labels: Chart of Acount.Transaction Code: FSP0. FI Saturday. Configuration.

R/3 Customizing for G/L Accounts .G/L Accounts SKAS G/L Account Master (Chart of Accounts – Key Word list) SPRAS / KTOPL / SAKNR / SCHLW SKB1 G/L Account Master (Company Code) BUKRS / SAKNR FI-GL-GL (FBSC) General Ledger Accounting: Functions .NKULI / NBUKR / NKOAR / PNTYP/ VKULI / VBUKR / VKOAR KNB4 KUNNR / BUKRS KNB5 Customer Master Dunning Data Customer Master Bank Details Customer Payment History KUNNR / BUKRS / MABER KNBK KUNNR / BANKS / BANKL / BANKN KNC1 KUNNR / BUKRS / GJHAR KNC3 KUNNR / BUKRS / GJAHR / SHBKZ LFB5 Vendor Master Dunning Data Customer Master Transaction Figures Customer Master Special GL Transactions Figures LIFNR / BUKRS / MABER LFBK Vendor Master Bank Details LIFNR / BANKS / BANKL / BANKN LFC1 Vendor Master Transaction Figures LIFNR / BUKRS / GJHAR LFC3 Vendor Master Special GL Transactions LIFNR / BUKRS / GJHAR / SHBKZ Figures VBKPF Document Header for Document Parking AUSBK / BUKRS / BELNR / GJHAR FBASCORE KNB1 Financial Accounting General Services “Basis” Customer Master (Company Code) Vendor Master (General Section) KUNNR / BUKRS LFA1 LIFNR LFB1 Vendor Master (company Code Section) G/L Account Master (Chart of Accounts) G/L Account Master (Chart of Accounts – Description) LIFNR / BUKRS SKA1 KTOPL / SAKNR SKAT SPRAS / KTOPL / SAKNR MAHNS Accounts Blocked by Dunning Selection Dunning Data (Account Entries) KOART / BUKRS / KONKO / MABER MHNK LAUFD / LAUFI / KOART / BUKRS /KUNNR / LIFNR / CPDKY / SKNRZE /SMABER / SMAHSK / BUSAB FI-GL-GL (FBS) General Ledger Accounting: Basic Functions.

Fast Data Entry MANDT TSAKR BUKRS / SAKNR FI-GL-GL (FFE) General Ledger Accounting: Basic KOMU Account Assignment Templates for G/L Account items KMNAM / KMZEI FI-AR-AR (FBD) Accounts Receivable: Basic Functions .Customers KNKA KUNNR KNKK Customer Master Credit Management : Central Data Customer Master Credit Management : Control Area Data KUNNR / KKBER KNKKF1 Credit Management : FI Status data Accounting Data – A/R and A/P LOGSYS / KUNNR / KKBER / REGUL RFRR RELID / SRTFD / SRTF2 FI-BL-PT PAYR Information System Bank Accounting: Payment (BFIBL_CHECK_D) Transactions – General Sections Payment Medium File Pre-numbered Check ZBUKR / HBKID / HKTID / RZAWE CHECT PCEC ZBUKR / HBKID / HKTID / STAPL FI-BL-PT-AP(FMZA)Bank Accounting: Payment Transactions – Automatic Payments F111G MANDT FDZA KEYNO PAYRQ KEYNO Posted by bestest at 5:13 AM 0 comments Global Settings for Payment Program for Payment Requests Cash Management Line Items in Payment Requests Payment Requests .FIGLREP Settings for G/L Posting Reports Create G/L account with reference Functions .

tables Newer Posts Home Subscribe to: Posts (Atom) Tags Account number (3) account recievables (1) Assets and Liabilities (1) bank (1) basics (14) books (1) certification (6) Chart of Acount (2) Company Code (3) Configuration (24) Controlling (9) Cost Accounting (1) Currencies (1) Customer (1) Dcoument types (1) .Email This BlogThis! Share to Twitter Share to Facebook Share to Google Buzz Labels: FI.

Document (4) FI (19) FI CO Configuration Series (9) Financial Labels (1) fiscal year (3) GL (4) Integration (1) Internal Order (2) interview (5) invoices (1) ledger (1) Master records (1) payment (1) posting (4) Profit and Loss (1) Q and A (3) Reports (1) sales (1) SAP MM (1) Screenshots (1) tables (1) Transaction codes (9) troubleshoot (1) user (1) vendor (1) .

Powered by Blogger. template. .Archive ▼ 2010 (14) ► December (2) ► August (1) ► July (3) ► June (1) ► May (1) ▼ March (6) Define document Number range Material Valuation Controlling Terms Finance Terms SPRO path for Company Code Creation What is Company Code? ► 2009 (61) Ads Live Traffic Ads Awesome Inc.