Knowledgable Content for Beginners and Consultants.
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 Fiscal Year Variant as K1, K2 etc. While all Non-Calendar 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 SAP Finance interview questions that majorly cover questions on Global 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 collection management. It also set up rules to determine credit 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 assets with the vendor. We can purchase them either through 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 for cost accounting or legal reporting. For example, A chart 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 methods of depreciation calculation in SAP that we can use. Read more…
Material Ledger in SAP S4 HANA – Introduction Material Ledger in SAP S4 HANA is used for inventory valuation in multiple currencies and actual costing. In SAP, the word material denotes goods or services that we use for different transactions. These include purchasing, sales, production, warehouse and inventory management etc. Read more…
What is Cost Center in SAP? Cost Center in SAP reflect the organizational structure of a company and displays the areas of responsibility. The cost center structure is very important because it defines the basis for other modules and overhead reporting. How to activate Cost Center Accounting in SAP Before Read more…
What is Internal Order in SAP? Internal Order in SAP is used to represent projects in Controlling. If we compare with cost centers, we use Internal Orders temporarily. Internal Orders don’t reflect the organizational structure instead they represent for example research and development projects, exhibition events or SAP implementation projects. Read more…
Vendor Master Data in SAP – Introduction The vendor master data in SAP contains records of all the data you need to manage your vendors. It includes the vendor’s personal and business details. While personal details include name, address, language and phone number. Likewise, business information includes tax information, bank Read more…