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.

SAP Report Painter

Overview:

Report painter is the main tool for defining reports in the information system in controlling module.
All of the controlling reports (Cost center accounting, internal orders and profit center accounting) are created using report painter. You can also create reports in FI.
With Report Painter you can define reports quickly and easily across rows and columns.
You can use standard reports delivered by SAP as a base, copy them and do minor modifications, so as to suit your requirement.Very often it is felt that the standard reports delivered by SAP do not meet the user’s requirement. Therefore you need to create new reports.

Read more

SAP FICO Interview Questions&Answers

This document contains interview questions and answer related to SAP Finance & Controlling (FICO) module of the following topics:

  • Enterprise Structure
  • FI-GL
  • Accounts Receivable and Accounts Payable
  • Bank Accounting
  • Fixed Assets
  • FI-MM-SD Integration
  • Logistics Invoice Verification
  • FI Month End Closing Activities
  • Controlling Module
  • Cost Center Accounting
  • Internal orders
  • Product Costing
  • Work in Progress
  • Material Ledger
  • Profitability Analysis
  • Profit Center
  • Period End Closing Activities in Controlling

Read more

Reversal Entry in Accounting

 Why do we pass reversal enteries?

At times some incorrect documents might have been entered in the systems.

If you have entered an incorrect document, you can reverse it.  Note that R/3 can reverse a document only if the following conditions are met:

Read more

SAP Extended Withholding Tax Configuration

Withholding tax is applicable in few countries. Some of the countries which have withholding tax are United Kingdom, Slovakia, Turkey, Argentina, Brazil, Chile, Colombia, Mexico, India, Philippines , Thailand and South Korea. SAP has given an excellent solution to map the withholding tax scenario.

Read more

Product Costing Master Data

Overview:

In this paper it is covered the various master data required for the product costing module.Most of the master data is dependent on Production Planning Module(PP Module).

It is imperative for a Product costing consultant to understand the master data created in Production Planning module and its implications on product costing

Read more

Currency Types in SAP

There are 5 types of currency in SAP r/3 system.

1. Group Currency: You define Group Currency when you define Client (SCC4)
2. Global Company Currency: You define Global Company Currency when you define Company that is assigned to your company code.

3. Hard Currency: YOU define Hard Currency when YOU define the Country that your Company code assigned to. A hard currency is used in countries with high inflation.

Read more

Advantages in New General Ledger

Advanstages in new general ledger are:

1. The new General Ledger in mySAP ERP 2004 has the following advantages over the classic General Ledger in R/3 Enterprise:
a) In the new General Ledger, you can display the parallel accounting using parallel accounts (as in R/3) or using parallel ledgers. The FI standard functions and reports are available for all parallel ledgers.
b) The ‘Segment’ entity and the relevant reporting that are required for segment reporting according to IAS and U.S. GAAP are available in the new General Ledger.

Read more