We will conduct business workshops to understand existing business processes; will distribute AS IS Q&A templates to finance BPO’s and end users to get the business requirements.
Yes, by maintaining vendor account group number range interval from A to ZZZZZZZZZZ and External number range check box selected. It accepts alphanumeric values for vendor master record.
Initial draft of the BBP would be prepared and submitted to business, if they come up any changes requirement that would be handled through maintaining newer version in the BBP document
After all the business requirements are gathered and documented in BBP document and submitted for the acceptance of the business, the BPO & PMO would give their approval for SAP system configuration by signing off on the BBP document.
"Do you want to get certified and build your career in SAP FICO? Then enroll in SAP FICO Online Training" this course will help you to achieve excellence in this Module."
Client – Company – Chart of accounts – Company code
Basic purpose is high level management internal reporting about costing. Ex: A department cost report for a month, A product making charges report in a batch, plant wise financial statements reports, profitability analysis reports.
Client ->operating concern -> Controlling area -> Segments -> Profit center -> Cost center
In FI we have posting period variant to open and close periods in an year to make postings, similarly in CO we can open or close periods by lock or unlock option against individual business transactions ex: COIN – CO through postings from FI, KOA0 Actual settlement
Expenditure GL account in FI will be created as primary cost element in CO with Category 01 to carry cost from FI to CO to update CO records.
Yes, the relation between controlling area to company code is 1:N, is called as cross company code cost accountancy
A PR is an internal document that sends notification to purchase department when some material is service is required. PR can be generated by department that needs any material or service. A PO is a document sent to vendor by purchaser which is an official request of mentioned material or services. POs are generally binding on purchaser, though it depends on terms and conditions mentioned in PO.
Different Info Record types are Standard, Consignment, Sub-Contracting and Pipeline.
The stock supplied by the vendor is in the purchasing company’s premises but the company has no liability for the same. The liability for the company will only arise one the goods are issued from the consignment stock for use. However, in this case, even before the use,purchasing company can check in system how much stock is lying in inventory.
In Sub-contracting, we send raw material or input material to sub-contractor and then receive the finished goods. A sub-contracting PO is created with item category ‘L’. Input material is sent to vendor for processing with movement type 541. When GR is done using movement type 101, movement type 543 takes place automatically and takes care of consumed material.
When we maintain price in Info Records, we can make use of scales. It is used when price of a material is dependent on quantity purchased. For eg. For 500 pieces of material ABC, price is Rs. 10, however, if the order quantity is more than 500, price is Rs. 9. Scales are maintained in various master data like info record, quota arrangement etc. from where scales can be pulled in a Purchase Order.
A material must be flagged for deletion before deleting it using Archive and Delete program. A deletion flag can be set at client level, plant level or storage location level. Whatever level you flag a material for deletion, it is flagged for deletion at all corresponding lower levels. Transaction MM06 is used to flag a material for deletion.
Yes, even after flagging a material for deletion, it can be used till it is actually deleted. It will just trigger a warning message whenever the material is used. If you want a material to be blocked for any use with immediate effect, you should use a material status which is there in Basic View 1 for general level or in MRP 1 view for plant level blocking.
OBYC is t-code used for configuring Automatic Account Posting. Postings are made to G/L accounts automatically in the case of Inventory Management and Invoice Verification relevant to Financial and Cost Accounting.
Valuation grouping code is used to group the valuation area, In SAP, we can have valuation level at Company code level or at plant level. General practice is to use the valuation area at plant level, because valuation may differ from one plant to another. The valuation grouping code makes it easier to set automatic account determination. If we need to define common account determination for several valuation areas, we can assign same valuation grouping code to all those valuation areas. We can maintain the valuation group code in OMWD for various valuation areas. Books: Discover the Joy of Reading. Shop Now.
Various special stock types available in SAP are Consignment, Subcontracting, pipeline, project, sales order stock, Returnable transport packaging, stock transfer, and the third party.
A contract is a pre-determined long-term agreement to supply material or service for a certain period of time. Specific delivery dates are not mentioned in the contracts. Contracts can be of two types: Value Contract or Quantity contract In Scheduling agreements, we can enter scheduling lines which gives details of quantity that should be delivered on specific date. Plant must be entered in SA so that materials can be delivered at plant. These are generally used for materials whose requirements are predictable.
New transaction codes can be created using t-code SE93.
Release Strategy with Classification: PR can be released at header level as well as item level. It can be used for both internal/external documents. Can be set on any field available in structure CEBAN Release Strategy without Classification: PR can be released only at item level. It can be used only for internal documents such as PR. This strategy can be used only on 4 parameters which are Account assignment category, Plant, Material Group and value of PR.
A batch is a subset of the total stock of a material. It represents a homogeneous unit which has unique specification. Normally, a batch is assigned to the quantity of material produced during a given production run. A batch number uniqueness can be assigned at any of the following 3 levels: At client level: The same batch number can be assigned only once within the entire client. At material and plant combination level: Same batch number can be assigned to material with different specification in each plant. At material number level: A batch assigned to a material has the same specification fo all plants where material is extended. Batch number can be reassigned with a different specification for each material.
While creating PO, we can tick the item as free item in item overview section of PO. The price will be zero for free marked item.
Accounting view is a plant specific view. Besides other information, it contains important information such as valuation class and price control. Valuation class helps in determining the relevant GL account used for account posting. It is also used while configuring OBYC settings. Price control indicator determines if material is maintained at Standard price(S) or Moving average price (V).
‘Material Types’ is used to group various materials based on some common properties. It helps in maintain material master data for a particular material. Using material types, we can control which all views are required for a material type, which fields are required or optional, the material number range etc.
Partner Function is used to define responsibilities and duties of other business partners. Some partner functions are AZ (Alternate payee), CR(Carrier), OA (Ordering address), GS (Goods supplier), PI (Invoice presented by) etc.
Material Status helps in determining the usability of a material. It is a 2-digit code which can be maintained as plant specific material status, cross-plant material status, and distribution material status.
‘Price Control Indicator’ is maintained in accounting view and is used to determine how a material will be evaluated. It can be Standard Price(S) or Moving Average Price (V). If the indicator is set to S, all inventory postings are posted at standard price maintained in material master. If there are variances in any transaction due to different price, the variance is posted in price difference account. If price control indicator is set at V, goods received will be done at GR price. The moving average price will be adjusted in material master using weighted average formula. If goods movements or invoice receipts are posted using a price that differs from the moving average price, he differences are posted to the stock account.