Knowledgable Content for Beginners and Consultants.
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
GL Master Data – SAP General Ledger Accounts GL Master data in SAP control the posting & Processing of accounting transactions to G/L accounts. In order to post anything to General Ledger, GL Master data is mandatory. G/L Accounts General Ledger (G/L) accounts are the fundamental master data in FI. Read more
FI SD Integration. FI MM Integration. FI SD Integration (and FI-MM integration) in SAP is an important aspect of the Finance configuration process in the implementation project. A business that deals with sales and materials must go through this process of integration of SAP Finance with Sales & Distribution and Read more
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