SAP ERP Financials and FICO Handbook

66 CHAPTER 1 INTERVIEW QUESTIONS AND ANSWERS
143. Define the relationship between a controlling area and a company
code.
A controlling area may include one or more company codes, which must use the
same operative COA as the controlling area. A controlling area can contain multiple
company code assignments, but a single company code can be assigned to only one
controlling area.
144. What is an operating concern?
An operating concern is an organizational unit. An operating concern can be
assigned to one or more controlling areas; whereas a controlling area will have
only one operating concern.
145. How many statistical objects can be selected when you post an FI
document where cost center accounting (CCA), PCA, and internal order
(IO) are active?
When posting an FI transaction, you can choose a maximum of two statistical
objects, whereas real posting can be made to one cost object. Posting to a profit
center is always statistical, depending on internal order, and the cost center may
have real or statistical posting.
146. What is accrual?
Accrual is a process whereby you are accumulating expenses in CO on a predefined
constant rate throughout the financial year. These expenses arise and are
posted in FI in a random fashion. It is used for revenues or expenses that have
already been posted in FI and revenues or expenses that are to be posted.
For example, bonuses arise at the end of the year and are posted in FI at the end
of the year, but through the process of accrual, the bonus is collected in CO on
a periodic basis.
147. Describe the major differences between managerial accounting and FI.
Table 1.3 describes some differences between managerial accounting and FI.