Sap Flashcards
1.What is Document Type
classification of a financial transaction
based on its purpose
Ex. Sale, purchase, expences, income etc.
Chart of Accounts
list of all accounts …
provides a structure for categorizing financial transactions
Used for reporting and analysis.
Cost Center
Organizational unit… Which tracks expenses
Sub Modules in SAP FI
General Ledger Accounting,accounts receivable, accounts payable, Bank Accounting,Asset Accounting, and Cash Management.
Company Code
Four digit alpha numeric
Unique identification number for company.
Business Area
Separate organizational unit to carry business
Fiscal Year
Usually 12 monthly period
Used for recording and reporting financial transactions.
Fiscal Year Variant
A fiscal year variant in SAP is a set of rules that determines the length, start date, and end date of the fiscal year.
P2P Process
is a business process
covers steps for
Procurement of goods
Includes
Purchase Order,
Goods Receipt,
Invoice Verification, and Payment.
Order-to-Cash
Business process
Covers
receiving an order
And payment from customer
Asset Accounting
Sub module of SAP FI
manage and record fixed assed
features
creating asset master records, recording depreciation, and tracking the asset history.
Posting Keys for GL
used to define the type of financial transaction,
such as debit,
credit, or reversal.
Creating Vendor/Customer Master
process of defining the basic information about a vendor or customer, such as name, address, and payment terms
Common T-Codes in SAP S/4 HANA FI Module
• FBL1N (Vendor Line Items)
• FB60 (Enter Invoice)
• FB03 (Display Document)
• F-02 (Post with Clearing)
• FAGLL03 (G/L Account Line Items)
• AB01 (Create Asset Master Record)
• OBYC (Configuration for Automatic Account Determination)
• OBY6 (Define Global Parameters for Automatic Account Determination
Tables in SAP FICO Module
tables are the basic structures for organizing data within this database
BKPF (Accounting Document Header), BSEG (Accounting Document Line Item), T001 (Company Code), and
T004 (Chart of Accounts).
T-Codes in SAP FICO
FB60 (Enter Invoice),
FB03 (Display Document),
FBL1N (Vendor Line Items),
F-02 (Post with Clearing),
and FAGLL03 (G/L Account Line Items).
Organizational elements
Company Code, Business Area, Chart of Accounts, and Fiscal Year.
Depriciation key
numerical value used to calculate the amount of depreciation expense for an asset
It determines the depreciation method,
calculation basis,
and other relevant information for the depreciation calculation.
FI - MM integration
Useful for seamless transfer of financial data between two modules
procurement and inventory management are accurately reflected in the financial statements.
Fi- SD integration
seamless transfer of financial information
Accurate reflection of financial transaction between sd and fi in financial statements.
SAP Full Form
System application and products in data processing
Difference between S/3 and S/4 HANA:
SAP S/3 old (ERP).
SAP S/4 HANA is new SAP
.
S/4 HANA is designed for
in-memory computing,
providing faster processing and real-time insights.
simplified data model and user interface compared to S/3.
Difference between Integration and Interface
Integration is connecting two or more systems or modules
Interface is common point of communication Between the same
Account Group:
categorization of G/L accounts
APP
feature in SAP that automates the payment process to vendors and reduces manual intervention.
payment runs based on predefined payment terms.
Parallel accounting
allow for different accounting treatments in different countries or currencies.
Master Data Governance (MDG) .
is a component of SAP
manage and maintain their master data, ensuring data quality and consistency across systems
maintaining, and validating master data, as well as integrating master data with other SAP components
Year shift
process of transitioning from one fiscal year to another
includes
closing of accounts and the opening of new accounts for the new fiscal year.
The depreciation area
Ararea responsible for calculating dedication
Validation and substitution
Validation - verification of dATA ENTERED IN THE SYSTEM
SUBSTITUTION - REPLACING DATA ENTERED IN THE SYSTEM.
SORT KEY
KEY TO sort financial transactions in a specific order
A posting key
is a two-digit code in SAP that determines the type of transaction
, such as a debit, credit, or balance posting.
TYPE OF CHART OF ACCOUNTS
COUNTRY SPECIFIC COA
OPERATIONAL COA
GROUP COA
Country-specific chart of accounts (e.g. US GAAP, IFRS, German HGB)
Operational chart of accounts (e.g. Sales, Purchasing, Inventory)
Consolidated chart of accounts (used for financial consolidation)
Group chart of accounts (used for group reporting)
what is Leading ledger and Non Leading ledger
LEADING LEDGER - FOR G/L
NON LEADIMG FOR SPECIFIC PURPOSES
EBRS and is a SAP FI feature that allows for the . The system ,
stands for Electronic Bank RECONCILIATION Statement
automatic processing of bank statements received from banks
automatically matches the bank statement to the relevant open items in SAP
such as invoices or payment requests, and posts the transaction to the appropriate accounts.
What is document splitting?
SPLITTING EXPENCES OR INCOMES TO Different ORGANISTIONAL UNITS
Park and hold doc
Temporary stored doc for getting approved by Authorized person
Hold means - stored because of incomplete information
House bank T Code
FI12
BRS T code
F.90.
Recurring entry
automatically created based on a set schedule, such as a monthly rent payment.
Withholding tax configuration
involves setting up the tax codes, tax types, and tax rates
The GST cycle involves the following steps
:
• Registration of the taxpayer with the GST department
• Collection of GST on the sale of goods and services
• Filing of monthly or quarterly returns with the GST department
• Payment of GST to the government
• Claiming input tax credit
• Reconciliation of GST liabilities and payments
HANA
(High-Performance Analytic Appliance
ECC
ERP central component
Master data
Fundamental data
Tell something about Kone cranes
Finland based company
Found in early 1900
Works
the world’s largest supplier of industrial cranes and wire rope hoists and a technology leader with digital controls, software and automation.
Kobe cranes emphasizes on
GEOPOLITICS - INCREASING
PROTECTIONSM IN MARKETS,
SUSTANABILTY - ECO FRIENDLY
REDUCING CARBON FOOT PRINT..
DIGITIZATION- EFFICIENT COLLECTION OF DATA, IMPROVING PRODUCTIVITY IN SERVICEABILITY
