Punnam IT: The Way of Success

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Basic settings

One. What do you mean by company in SAP?

A company is an organizational unit in Accounting which represents a business organization according to the requirements of commercial law in a particular country. For which individual financial statements are created according to the relevant legal requirements. A company can include one or more company codes.

Two. What do you mean by company code?

Company code is one of the organizational unit and legal entity which is formed as per local law where we generate financial statements individually.

Three. What do mean by segment in SAP?

Four. What is profit center and use of it?

Five. What is the use of cost center?

Six. What is chart of accounts and use of it?

Seven. How many types of chart of accounts are there in SAP and use of each one?

Eight. Is it possible to assign one COA to multiple company codes?

Nine. How many COA can we assign to one company code?

Ten. What do you specify in COA?

Eleven. What is account group in SAP and what it does?

Twelve. What is retained earnings account and use?

Thirteen. Is it possible to maintain more than one retaining account and use?

Fourteen. What is fiscal year variant?

Fifteen. What is short end fiscal year?

Sixteen. Is it possible to assign one fiscal year variant to multiple company codes?

Seventeen. What is posting period variant and use?

Eighteen. What are the posting periods and use?

Nineteen. Is it possible to assign one posting period to multiple to company codes?

Twenty. What do you mean by document number range and use?

Twenty-one. How many types of number range are there in SAP and use?

Twenty-two. What is document type in SAP and use or what it controls?

Twenty-three. What is field status variant?

Twenty-four. Is it possible to assign one field status variant to multiple company codes?

Twenty-five. What is field status group and use or what is does?

Twenty-six. What is posting key use?

Twenty-seven. Difference between posting key and field status variant?

Twenty-eight. What is the use of tolerance group in SAP?

Twenty-nine. How many types of tolerance groups are there in SAP FI?

Thirty. What do you mean by global parameters?

Thirty-one. How many variants are available in SAP?

Thirty-two. What is the use of propose fiscal year check box?

Thirty-three. What is the use of default value date?

34. What are special periods use?

35. What do you mean by company code is productive and where do we specify?

GL

37. How many segment are available in GL what are?

38. What is account currency?

39. What is the use of only balance in local currency check box?

40. What is the use of exchange rate difference key?

41. What is reconciliation account type?

# Sort key ?

42. What is the use of open item management explain briefly?

43. Difference between partial clearing and residual clearing?

44. What are the pre-requisites to select open item management check box?

45. What do you mean by post automatically check box and for what type of account we select give some examples?

46. What do you mean by GL account block and how many ways are there the use of each one is?

47. What do you mean by document date and posting date difference between?

48. What is posting period how it comes automatically at time of posting?

49. What is the use of reference field in sap?

50. What is the use of document header text?

51. How many segment are there in document what are they?

52. What do you mean by document over view and simulation difference between those?

53. What is the use of exchange rate calculation in sap?

Park Document

What is hold document?

Terms of Payment/Payment Terms:

Reconciliation account:

AR

One hundred one. Where is the link between customer and dunning procedure?

One hundred two. Is it possible to integrate vendor and customer?

Asset accounting

One hundred twelve. What is chart of depreciation?

One hundred thirteen. What do you mean by depreciation area?

One hundred fourteen. Chart of depreciation is at what level is it company code level or client level?

Difference between Chart of depreciation and chart of accounts:

One hundred eighteen. What is asset class?

One hundred nineteen. What do we define in asset classes and at what level these are?

One hundred twenty-eight. What are the depreciation calculation methods and difference?

Question. Explain AFAB (Depreciation run)?

One hundred twenty-nine. What is the entry at the time of depreciation posting and why?

One hundred thirty. What are the entries in asset account? Purchase of asset

Sales of asset

Asset Sale Account (forty) debit

Deprecation posting

Question) How do you shut down the particular asset?

Q) Is it possible for you to assign an Asset to more than one Cost Center?

Q) How do you reverse the depreciation posted?

Q) Is it possible to calculate the depreciation day wise?

Low value Assets:

Asset Retirement:

How to settle internal order to AUC to cost center? OR Capital Work in Progress.

Financial Statement Version: create OB fifty-eight and FSE two. Actually FSV

EBRS

Legacy System Migration Workbench

Message Types?

Q) Online Service System (OSS):

Q) What are the month end activities you involved or you do?

Year end activities?

FI TO MM PROCESS FLOW / PROCUREMENT CYCLE / P TO P:

FI TO MM CUSTOMIZATION FLOW:

Raw material consumption:

Production receipt:

Delivery:

Where do you assign valuation class in material master record?

Where do you assign profit centre in material master record?

TRANSACTION KEYS:

How many payment terms we can assign in vendor master record?

What is the difference between payment terms assigned in company code segment and

What is the transaction code to see material document?

SCENARIOS:

Two. Moving average price - No stock is available

Three. Moving average price - Partial stock is available.

FI TO MM ACCOUNTING ENTRIES WITH EXCISE:

One. GROUP TOGETHER VALUATION AREAS:

Two. DEFINE VALUATION CLASS:

What is Valuation Modifier?

What is General modifier?

What is Movement type?

What is transaction Keys?

What is GBB?

FI to SD Process Flow / OTC (Order to Cash Flow)

FI to SD Customization Flow:

New General Ledger

Define Ledgers for New GL Accounting

Define and activate Non leading ledgers?

New Transaction Codes:

What is the path to deactivate the classic GL?

Document Splitting

Real Time Integration of CO with FI

CO-PA (Profitability analysis):

REAL TIME

Two) Business blue print:

Question) Derivable Documents:

GAP one

Realization phase

PRE-REQUISTION:

ENTRIES:

Five. Go-live date is nothing but the date which we start entering postings into SAP.

Types of testing:

Four. User Acceptance Testing:

Five. Negative Testing: Perform the testing with Negative values.

Primary cost element:

Secondary cost element category:

Cost center accounting:

Cost center category: Whether the cost center belongs to production / sales / administration / services / material etc.

Statistical key figure:

Report Painter:

VALIDATION:

Three steps in validation:

Substitution Rules:

Overview

A comprehensive guide on SAP financial accounting concepts, covering essential topics like company codes, profit centers, and charts of accounts. The document serves as a valuable resource for understanding and implementing SAP's financial functionalities effectively.

Key Points

1The document outlines the definition and purpose of company and company codes in SAP
2It explains the roles of profit centers and cost centers in financial management
3Key concepts of charts of accounts and their types are discussed
4Different types of fiscal years and their implications in SAP are detailed
5The use and management of document number ranges in SAP are clarified.

Details

Category: Business and Finance

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