The process described in this article assists you in keeping on top of Critical Factors, such as data consistency, which can involve a considerable amount of time and work during the year-end closing phase in asset accounting. This article takes you through all of the steps necessary for an unproblematic year-end closing, before the critical external audit phase.
FI/CO
Welcome to our SAP FI/CO module category page, where you can find a comprehensive collection of documents, tutorials, and guides. Explore our extensive resources to gain insights into financial accounting, controlling, and related processes, enabling you to master key concepts and optimize your SAP FI/CO implementation with ease.
Fundamental Flaw of New General Ledger
According to SAP, there are 2 ways to realize parallel accounting principles. One method is account approach, and another method is ledger approach by using New G/L.
If you use this ledger approach, you will have error message when you post cost to the secondary ledger. You can not post CO related costs without posting to Leading Ledger. This is a fundamental flaw that New G/L has.
Fiscal Year Variant: Definition,Procedures in SAP
This material contatins following topics
Fiscal Year Variant
Shortened Fiscal Year
Posting Period Variant Open and Close Posting Periods
Assign Company Code To Fiscal Year Variant
Special Periods
Opening New Fiscal Years
Open and Close Posting Periods
Assign Company Code To Fiscal Year Variant
Special Periods
Opening New Fiscal Years
FI Quick Reference Cards
These quick reference cards are created by a university for the following transactions
FICO Key Terminology Grid
General User Menus
FBV2 Document List Search
GR55 UK Available Budget
FMRP_RFFMEP1AX
General User Reports
FB02 Change A Posted
Primary and Secondary Cost Elements:Definition
Primary Cost Elements / Revenue Elements:
When creating a primary cost element or revenue element, it must be listed first as a G/L account in the chart of accounts and defined as an account in Financial Accounting. In other words, primary cost elements and revenue cost elements require counterparts in FI. When you create a primary cost/revenue element, the SAP System checks whether a corresponding account exists in FI.
COPA Report Troubleshooting in SAP
Profitability Analysis reports (COPA module) has to deal with huge amount of characteristics such as products, product hierarchy, customers, country, profit center and many more characteristics. This can cause performance issues while executing the COPA reports (KE30) over a period of time. The reports can take a longer time for execution and sometimes even give an abap run time error.
In this document the different problems you normally face in execution of the COPA reports and the solution to these problems are covered.
Interest Calculation Procedure
Configuring the Interest Calculations Procedure:
This configuration allows you to charge interest on overdue customer accounts. Interest can be calculated by using the line items or overall account balances. SAP keep tracks of the date of the last interest run and stores it in the customer master record.