General Ledger Master Data in SAP FICO: In SAP, the basic element of the master data structure in the General Ledger is the chart of accounts, which is assigned to a company code and contains the master list of general … Read More
A client is organizational and legal entity in the SAP system. All the business management data is protected here because other clients can not access them. The main objective of the client is to keep the data isolated. The … Read More
Partner functions is two-character identification key that describes the people and organization with whom you do the business, and who are therefore involved in transaction. Here is some standard Partner Function for customer-
The basic customer master records that will … Read More
For Moving average price (MAP)
E.g. : Purchase new material $22 quantity = 2 pcs
During Goods Receipt
Dr. Inventory Account $22
Cr. GR / IR Account $22
During Invoice Verification
Dr. GR / IR Account … Read More
SAP Activity types are activities provided by a cost center. They are measured in units of time or quantity. Activity quantities are valued using a price. For e.g. Activity types are used to allocate machine cost from Machine cost center … Read More
SAP Internal Order is a cost object that collects costs for the management information system and, in some instances, revenues for an organization. IOs can be used to:
■ Monitor the costs of short-term measures… Read More
Below we have provided best of SAP FICO GL interview questions that have been designed for SAP FICO GL users who are preparing interviews on SAP FICO interviews. Here, we have added some basic and advanced or both questions on … Read More