A journal entry (also known as a journal voucher / JV) is an entry or transaction used in the SAP general ledger to book amounts for assets, liabilities, expenses, and revenues for a company or entity.
Journal entries are initiated and completed by those at Duke with the proper security access to create journal entries in SAP R/3 at Duke.Those users are known as “Document Initiators”.
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.
Period End Steps in Cost Object Controlling and Variance Calculation
Period end closing in Controlling has always been a challenge. Variance calculation and its explanation has invariably sent shivers down the spine of all SAP consultants. WIP calculation too has at times been complex to understand. Based on 2 scenarios following steps are processed;
Scenario 1
- Display Process order to see the cost and other details
- Display Standard cost estimate
- Overhead calculation
- WIP process calculation
- Variance calculation
- Settlement
SAP FI: Subledger Accounting Configuration Guide
This material contains instructions and configuration guides for:
- Sub-ledger Accounting
- Account Receivable Module
- Creation of Accounts Groups for Customer (OBD2)
- Create Number Ranges For Customer (XDN1)
- Assign Number Range to Customer Account Group (OBAR)
- Create Customer Reconciliation Account (FS00)
- Create Customer Master Account (FD01)
- Post Customer Invoice (FB7)
- Tables associated to this module (Technical Part)
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.
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
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:
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.