Knowledgable Content for Beginners and Consultants.
What is SAP R2R? SAP R2R (Record-to-report) is a financial and accounting management process which ensures that all business transactions are recorded completely and accurately within an accounting system and its sub-ledgers. It includes sales, purchases, payments etc. Subsequently, all these transactions are ultimately collected and recorded in the general Read more…
SAP General Ledger Period-End Closing The financial closing cycle in SAP General Ledger is the most important period for FI. In this blog, I will explain the financial month-end and Year End closing Processes. It also includes the opening and closing periods, balance carryforward, sub-ledger reconciliation, foreign currency valuation and Read more…
SAP Cost Object Controlling in Make-to-Stock Production In make-to-stock production, you can use SAP Cost Object Controlling for Product Cost by Oder and by Period. Lets us understand this. Product Cost by Order You can manage your costs at the level of production orders and process orders. You can analyze Read more…
A company may adopt many business processes to run its various operations. These differ as per different departments. Likewise, we have many business processes in SAP FICO. That I have explained this below in this blog article. Order to Cash Business Process in SAP The order-to-cash process in Accounts Receivable Read more…
Customer Vendor Integration in SAP In S/4HANA we need to create a business partner as a central master record to manage all business processes under one single window. This includes customer role, vendor role, receivable management, and partner determination. This process is called Customer Vendor Integration in SAP. Though in Read more…
SAP Product Cost Planning Product Cost Planning (CO-PC-PCP) is an area within Product Cost Controlling (CO-PC) where we can plan costs for materials without reference to orders. Here we can set prices for materials and other cost-accounting objects. You can use Product Cost Planning to analyse the costs of your Read more…
SAP S4 HANA Finance Interview Questions for Beginners This comprehensive list of SAP S4 HANA Finance interview questions is specifically for beginners in SAP. This will give you a guiding path on how to begin your SAP career journey in SAP S/4HANA Finance. Majorly the topics covered Organizational structure, policies, Read more…
Business Area in SAP The Business Area in SAP is the highest organizational cost structure unit. You can specify it either as per Functional lines, Product lines or as per responsibilities assigned region-wise. Below are some quick questions that may help you understand this term better. you can also read Read more…
Evolution of SAP and SAP Versions SAP was founded by several ex-IBM employees in early 1970. They named the first system as RF (real-time financials) and later renamed it R/1. Since then we had many SAP versions, each with better functionalities than its previous launch. Before we see these SAP Read more…
Vendor Master Data Vendors are your suppliers of goods and services. Vendor Master Data records contain all the pertinent data needed to place orders, post invoices and issue payments. We can consider each individual vendor master record as a sub-ledger. The sub-ledger concept means that we can maintain individual vendor Read more…