SAP ERP Financials and FICO Handbook

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1.4 G/L ACCOUNTING (FI-G/L) 41 ■ ■ Creation of a cash journal G/L account: An additional cash G/L account is required if you want to maintain more than one cash journal in the same currency. Cash journal setup: This is where you assign the document type of the G/L account to the cash journal. 84. Explain the document currency and local currency fields when posting a document in SAP FI. Document currency is the currency in which transactions are carried out by the entity. It may or may not be the company code currency or local currency. Let us assume the company code currency is USD, and you are posting a transaction in INR (the currency code for Indian Rupees). If document currency is different from company code currency (local currency), the document currency will be translated into local currency. However, it is possible to overwrite the system proposed values manually. 85. What configurations steps are required for a special-purpose ledger? These are the following steps for a special-purpose ledger: 1. Define table group (T-code GCIN) IMG menu path—Financial Accounting ® Special Purpose Ledger ® Basic Settings ® Tables ® Definition ® Define Table Group 2. Maintain fi eld movement (T-code GCF2) IMG menu path—Financial Accounting ® Special Purpose Ledger ® Basic Settings ® Master Data ® Maintain Field Movements 3. Maintain ledger for statutory ledger (T-code GCL2) IMG menu path—Financial Accounting ® Special Purpose Ledger ® Basic Settings ® Master Data ® Maintain Ledgers ® Copy Ledger 4. Assign company code (T-code GCB3) IMG menu path—Financial Accounting ® Special Purpose Ledger ® Basic Settings ® Master Data ® Maintain Company Codes ® Copy Company Code Assignments 5. Assign activities (T-code GCV3) IMG menu path—Financial Accounting ® Special Purpose Ledger ® Basic Settings ® Master Data ® Maintain Activities ® Display Activity 6. Define versions (T-code GCW1) IMG menu path—Financial Accounting ® Special Purpose Ledger ® Periodic Processing ® Currency Translation ® Define Versions
42 CHAPTER 1 INTERVIEW QUESTIONS AND ANSWERS 7. Set up exchange rate type (T-code OC47) IMG menu path—Financial Accounting ® Special Purpose Ledger ® Periodic Processing ® Currency Translation ® Set Up Exchange Rate Type 8. Create number ranges (T-code GC04) IMG menu path—Financial Accounting ® Special Purpose Ledger ® Actual Posting ® Number Ranges ® Maintain Local Number Ranges 9. Create currency translation document type (T-code GCBX) IMG menu path— Financial Accounting ® Special Purpose Ledger ® Actual Posting ® Maintain Valid Document Type 10. Create posting period variant (T-code GCP1) IMG menu path—Financial Accounting ® Special Purpose Ledger ® Actual Posting ® Posting Period ® Maintain Local Posting Period 86. What is normal reversal and negative reversal? To correct an incorrect posting, mySAP ERP Financial provides two types of reversal: (1) normal reversal and (2) negative reversal. Normal Reversal GL No.XXXX Doc.no: .1033 $ 1000.00 Original Posting Doc.no: .1034 $ 1000.00 Reversal Posting $1000.00 $1000.00 Negative Reversal GL No.XXXX Doc.no: .1033 $ 1000.00 Original Posting Doc.no: .1034 $ -1000.00 Reversal Posting $0.00 FIGURE 1.28 Types of reversal
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SAP ® ERP Financials and FICO Hand
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THE JONES AND BARTLETT PUBLISHERS S
Page 5 and 6: World Headquarters Jones and Bartle
Page 7 and 8: ABOUT THE AUTHOR A graduate in comm
Page 9 and 10: viii TABLE OF CONTENTS 3.5 Cost Cen
Page 12: AN INTRODUCTION TO SAP SOFTWARE SAP
Page 15 and 16: xiv PREFACE n n n n n Chapter 7—S
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92 CHAPTER 1 INTERVIEW QUESTIONS AN
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Chapter 2 CERTIFICATION QUESTIONS A
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2.1 QUESTIONS 97 9. What would be t
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2.1 QUESTIONS 99 21. You can only h
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2.1 QUESTIONS 101 33. State True or
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2.1 QUESTIONS 107 66. Posting keys
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2.1 QUESTIONS 109 79. The company c
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2.1 QUESTIONS 111 92. When you canc
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2.1 QUESTIONS 113 c. You can assign
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2.1 QUESTIONS 115 114. State True o
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2.1 QUESTIONS 117 126. The credit c
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2.1 QUESTIONS 119 140. Negative rev
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2.1 QUESTIONS 121 154. A shortened
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2.2 ANSWERS 123 168. Once you cross
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2.2 ANSWERS 125 80. a-True, b-False
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Chapter 3 ISSUES AND RESOLUTIONS A
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3.2 G/L ACCOUNTING 129 posting key,
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3.2 G/L ACCOUNTING 131 3. Switch of
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3.2 G/L ACCOUNTING 133 The error is
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3.3 AP 135 Ranking order represents
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3.3 AP 137 You can use the BnkT (ba
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3.3 AP 139 transaction code FCHU, w
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3.3 AP 141 Issue No.: 23 While post
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3.4 AM 143 While configuring the pa
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3.4 AM 145 1. Recalculate depreciat
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3.4 AM 147 Issue No.: 36 While capi
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3.4 AM 149 Issue No.: 41 The user i
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3.4 AM 151 for 2007. Now the user w
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3.4 AM 153 If you are trying to put
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3.4 AM 155 In the screen that appea
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3.7 NEW G/L 157 A customer and vend
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160 CHAPTER 4 CONFIGURATION STEPS S
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162 CHAPTER 4 CONFIGURATION STEPS S
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164 CHAPTER 4 CONFIGURATION STEPS F
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174 CHAPTER 4 CONFIGURATION STEPS 4
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182 CHAPTER 4 CONFIGURATION STEPS 4
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Chapter 5 USER TRANSACTION CODES In
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5.1 G/L ACCOUNTING 189 Posting to G
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5.1 G/L ACCOUNTING 191 Display G/L
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5.2 AP 193 Function Name and Path C
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5.2 AP 195 Function Name and Path I
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5.2 AP 197 Period-end Transactions
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5.3 AR 199 5.3 ACCOUNTS RECEIVABLE
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5.3 AR 201 Function Name and Path S
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5.3 AR 203 Period-end Transactions
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5.4 AM 205 5.4 ASSETS MANAGEMENT (A
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5.4 AM 207 Assets Retirement/ Trans
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5.5 CO-CEL 209 Function Name and Pa
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5.6 CO-CCA 211 Function Name and Pa
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5.7 CO-IO 217 Information Systems F
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5.7 CO-IO 219 Function Name and Pat
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5.8 CO-PCA 221 Standard Hierarchy P
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5.8 CO-PCA 223 Information Systems
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5.9 CO-PA 225 Function Name and Pat
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5.10 CO-PC 227 Function Name and Pa
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Chapter 6 FICO QUICK TOUR This chap
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6.2 FI GENERAL 231 FIGURE 6.1 Year-
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6.3 G/L ACCOUNTING 233 which is cli
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6.3 G/L ACCOUNTING 235 FIGURE 6.5 C
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6.3 G/L ACCOUNTING 237 FIGURE 6.6 C
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6.3 G/L ACCOUNTING 239 FIGURE 6.8 P
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6.4 AP AND AR 241 FIGURE 6.9 Vendor
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6.4 AP AND AR 243 FIGURE 6.12 Trans
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6.4 AP AND AR 245 n In Figure 6.16,
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6.5 AA 247 n document. When you hav
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6.5 AA 249 n Like AUC, Low Value As
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6.5 AA 251 n n n n n n reducing pos
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6.6 CO GENERAL 253 FIGURE 6.19 CO m
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6.8 CCA 255 n If you have an expens
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6.9 IO 257 n In CO, you observed th
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6.10 PA 259 n n n n PA is one of th
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6.11 PCA 261 FIGURE 6.21 Time of po
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6.12 PCC 263 n n Balance sheet acco
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266 CHAPTER 7 SPECIAL AREAS 4. Defi
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268 CHAPTER 7 SPECIAL AREAS FIGURE
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270 CHAPTER 7 SPECIAL AREAS The ste
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272 CHAPTER 7 SPECIAL AREAS The fol
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276 CHAPTER 7 SPECIAL AREAS 5. Bank
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278 CHAPTER 7 SPECIAL AREAS to the
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280 CHAPTER 7 SPECIAL AREAS involve
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Chapter 8 N EW G/L To satisfy a bro
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CHAPTER 8 NEW G/L 287 After activat
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8.2 TRANSACTION CODES 289 cost cent
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292 CHAPTER 9 TABLES IN THE SAP SYS
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298 CHAPTER 10 SAP MM CONFIGURATION
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Chapter 11 SAP SD CONFIGURATION The
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CHAPTER 11 SAP SD CONFIGURATION 303
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I NDEX A AAM (Account Assignment Mo
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INDEX 307 retiring assets in, 148 S
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INDEX 309 “changes for vendor not
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INDEX 311 cross-company document nu
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INDEX 313 G/L accounting in, 232-23
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INDEX 315 H held documents, 40, 246
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INDEX 317 operating charts of accou
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INDEX 319 data types in, 110 deprec
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INDEX 321 in Profit Center Accounti
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SAP ERP Financials and FICO Handbook

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