What is the Fiscal Year Variant in SAP? The time period which SAP uses to draw the financial statements for a fiscal year is defined as a Fiscal Year Variant. In the standard SAP system, we denote all Calendar Year Read more…
SAP Finance interview Questions are vital to performing best in your FICO interviews. These questions guide you through your interview preparation. Additionally, they help you to work through real-time issues you would face during your consultant job. Following are the Read more…
SAP Accounts Receivable – The S/4HANA Receivables Management SAP Accounts Receivable provides complete functionalities that integrate sub-ledger accounting through account receivable. We popularly call it Receivable Management in S/4 HANA. It monitors and manages overdue receivables through dispute management, and Read more…
SAP Central Finance’s benefits are remarkable. They make business processes easy and simple along with providing flexibility and transparency. In this blog, you will learn details of some key benefits of SAP Central Finance. SAP Central Finance – The “Side Read more…
Once a Central Finance project is Live, the run phase begins. During this phase, we conduct the actual options of an active SAP Central Finance implementation. In this blog, I will briefly introduce the center of excellence paradigm before moving Read more…
What is Cost Object Controlling? Cost object controlling enables you to determine the cost of goods manufactured and sold goods. In this blog, we collect and analyse planned and actual costs on individual cost objects such as manufacturing orders, sales Read more…
What is Integrated Asset Acquisition in SAP? When we procure assets through the logistics module with PO, we call it Integrated Asset Acquisition in SAP. Thus, it is a part of External Asset Acquisition. External Asset Acquisition This means purchasing Read more…
What is SAP Management Accounting? SAP Management Accounting on S/4HANA follows the complete process of SAP CO and uses the advancement of S/4HANA technology. It is based on the HANA platform, which works on cloud technology. It also includes the Read more…
What is Depreciation Area in SAP? A depreciation area in SAP contains the parameters required to evaluate an asset. It is defined by a two-digit numeric key. You may use more than one depreciation area to represent different asset valuations Read more…
What is Depreciation Calculation in SAP? Depreciation calculation in SAP is the periodic and permanent decrease in the value of the fixed asset over its economic life period because of its usage and associated wear and tear. There are various Read more…