Certificación.

True or false

1. Name the possible field status definitions in the order of their priority:

Suppress Display Required Entry Optional Entry

2. Different company codes are able to use the same Chart of accounts 3. The Account Group controls field display on the company code section of the GL master record.

4. Reconciliation Accounts sum up the transaction figures of their assigned sub-ledgers.

5. Reconciliation accounts are updated on a daily basis. False. The reconciliation accounts are real-time, up-to-date. 6. It is always possible to display the line items of a G/L account. False. It is only possible to display the line items if the account is managed with active line item display.

7. G/L accounts with open item management need to have line item display active. True.

8. G/L accounts that are managed in local currency can only be posted to in this currency. False. G/L accounts in local currency can be posted in any currency.

9. G/L accounts that are managed in a foreign currency can only be posted to in this foreign currency. True.

10. If company codes use different operating charts of accounts, no crosscompany code controlling is possible. True. Cross-company code controlling is possible if the same operating chart of accounts is used for each company code.

Define Company in SAP About Company in SAP:- Company is the organizational unit for which individual financial statements can be drawn according to the relevant commercial law. A company can comprise of one or more company codes. A Company has local currencies in which its transactions are recorded. All company codes within a company must use the same transaction Chart of accounts and the same Fiscal Year. Creation of company in sap is optional.

Define Company Code About Company Code :- Company Code in SAP is the smallest organizational unit of Financial Accounting for which you draw individual financial statements like Balance Sheet and Profit & Loss Account for purpose of external reporting. The Creation of company code in sap is mandatory

Definition of Business area :- Business area is a separate area of operations or responsibilities of organizational units of financial accounting that is used for internal and external reporting . Different divisions of each business with in a legal entity are created as Business areas for reporting of each operational areas. So Financial statements can be created for each business area and this financial statements can be used for internal reporting purpose.

Definition of Functional Area in SAP:- Functional Area is a organisational unit in accounting that classifies the expenses of an organisation by functions. Uses of Functional Area :- TheFunctional area in SAP is use to create P&L A/C in Financial Accounting using cost of sales accounting and used to analyse the cost of sales accounting

The credit control area is an organizational unit that specifies and checks a credit limit for customers. Credit control area can includes one or more company codes

Fiscal Year Variant in sap

Definition Fiscal year :- A fiscal year is divided in to number of posting periods and each posting period in a accounting period is defined by a start date and end date Fiscal year in SAP can be defined as year dependent or Year Independent Year independent – Same number and dates for the periods every year year dependent – Periods can be different from year to year Define Fiscal year Variant :- Fiscal year variant is used to define the fiscal year A Fiscal year variant contains the 12 normal posting periods and 4 special periods. We can define maximum 16 posting periods for each year. Special periods are used for Year end activities

This SAP Fico Tutorials guides you how to Create posting period

Variants

Posting Period Variant is accountable for the opening and closing of periods in a Fiscal Year for postings to take place. The Posting Period Variants ( PPV ) in SAP is used to control which accounting period is open for postings and ensuring that closed period remain balanced and reconciled. we can assign posting period variants to one or more company codes.

Posting Periods are opened and closed for all company codes in SAP by the PPV.

Purpose of Open and Close Posting periods Configuration:- The posting periods can be maintained as per account type and the year which is to be open & which is to closed. The Posting Period Variant is used to control which accounting period is to be open for posting and ensuring that closed periods are remain balanced and reconciled

Define Field Status Variant in SAP | Field Status Group The field status group specifies which fields are ready for input, which are required entry fields, and which are hidden when entering documents. Description and Configuration values of Field Status Group

2. Different company codes are able to use the same Chart of accounts 3. The Account Group controls field display on the company code section of the GL master record.

5. Reconciliation accounts are updated on a daily basis. False. The reconciliation accounts are real-time, up-to-date. 6. It is always possible to display the line items of a G/L account. False. It is only possible to display the line items if the account is managed with active line item display.

8. G/L accounts that are managed in local currency can only be posted to in this currency. False. G/L accounts in local currency can be posted in any currency.

9. G/L accounts that are managed in a foreign currency can only be posted to in this foreign currency. True.

10. If company codes use different operating charts of accounts, no crosscompany code controlling is possible. True. Cross-company code controlling is possible if the same operating chart of accounts is used for each company code.

Define Company in SAP About Company in SAP:- Company is the organizational unit for which individual financial statements can be drawn according to the relevant commercial law. A company can comprise of one or more company codes. A Company has local currencies in which its transactions are recorded. All company codes within a company must use the same transaction Chart of accounts and the same Fiscal Year. Creation of company in sap is optional.

Define Company Code About Company Code :- Company Code in SAP is the smallest organizational unit of Financial Accounting for which you draw individual financial statements like Balance Sheet and Profit & Loss Account for purpose of external reporting. The Creation of company code in sap is mandatory

Definition of Business area :- Business area is a separate area of operations or responsibilities of organizational units of financial accounting that is used for internal and external reporting . Different divisions of each business with in a legal entity are created as Business areas for reporting of each operational areas. So Financial statements can be created for each business area and this financial statements can be used for internal reporting purpose.

Definition of Functional Area in SAP:- Functional Area is a organisational unit in accounting that classifies the expenses of an organisation by functions. Uses of Functional Area :- TheFunctional area in SAP is use to create P&L A/C in Financial Accounting using cost of sales accounting and used to analyse the cost of sales accounting

The credit control area is an organizational unit that specifies and checks a credit limit for customers. Credit control area can includes one or more company codes

Definition Fiscal year :- A fiscal year is divided in to number of posting periods and each posting period in a accounting period is defined by a start date and end date Fiscal year in SAP can be defined as year dependent or Year Independent Year independent – Same number and dates for the periods every year year dependent – Periods can be different from year to year Define Fiscal year Variant :- Fiscal year variant is used to define the fiscal year A Fiscal year variant contains the 12 normal posting periods and 4 special periods. We can define maximum 16 posting periods for each year. Special periods are used for Year end activities

Posting Period Variant is accountable for the opening and closing of periods in a Fiscal Year for postings to take place. The Posting Period Variants ( PPV ) in SAP is used to control which accounting period is open for postings and ensuring that closed period remain balanced and reconciled. we can assign posting period variants to one or more company codes.

Purpose of Open and Close Posting periods Configuration:- The posting periods can be maintained as per account type and the year which is to be open & which is to closed. The Posting Period Variant is used to control which accounting period is to be open for posting and ensuring that closed periods are remain balanced and reconciled

Define Field Status Variant in SAP | Field Status Group The field status group specifies which fields are ready for input, which are required entry fields, and which are hidden when entering documents. Description and Configuration values of Field Status Group

5. Reconciliation accounts are updated on a daily basis. False. The reconciliation accounts are real-time, up-to-date. 6. It is always possible to display the line items of a G/L account. False. It is only possible to display the line items if the account is managed with active line item display.

10. If company codes use different operating charts of accounts, no crosscompany code controlling is possible. True. Cross-company code controlling is possible if the same operating chart of accounts is used for each company code.

Define Company in SAP About Company in SAP:- Company is the organizational unit for which individual financial statements can be drawn according to the relevant commercial law. A company can comprise of one or more company codes. A Company has local currencies in which its transactions are recorded. All company codes within a company must use the same transaction Chart of accounts and the same Fiscal Year. Creation of company in sap is optional.

Define Company Code About Company Code :- Company Code in SAP is the smallest organizational unit of Financial Accounting for which you draw individual financial statements like Balance Sheet and Profit & Loss Account for purpose of external reporting. The Creation of company code in sap is mandatory

Definition of Business area :- Business area is a separate area of operations or responsibilities of organizational units of financial accounting that is used for internal and external reporting . Different divisions of each business with in a legal entity are created as Business areas for reporting of each operational areas. So Financial statements can be created for each business area and this financial statements can be used for internal reporting purpose.

Definition of Functional Area in SAP:- Functional Area is a organisational unit in accounting that classifies the expenses of an organisation by functions. Uses of Functional Area :- TheFunctional area in SAP is use to create P&L A/C in Financial Accounting using cost of sales accounting and used to analyse the cost of sales accounting

Definition Fiscal year :- A fiscal year is divided in to number of posting periods and each posting period in a accounting period is defined by a start date and end date Fiscal year in SAP can be defined as year dependent or Year Independent Year independent – Same number and dates for the periods every year year dependent – Periods can be different from year to year Define Fiscal year Variant :- Fiscal year variant is used to define the fiscal year A Fiscal year variant contains the 12 normal posting periods and 4 special periods. We can define maximum 16 posting periods for each year. Special periods are used for Year end activities

Posting Period Variant is accountable for the opening and closing of periods in a Fiscal Year for postings to take place. The Posting Period Variants ( PPV ) in SAP is used to control which accounting period is open for postings and ensuring that closed period remain balanced and reconciled. we can assign posting period variants to one or more company codes.

Purpose of Open and Close Posting periods Configuration:- The posting periods can be maintained as per account type and the year which is to be open & which is to closed. The Posting Period Variant is used to control which accounting period is to be open for posting and ensuring that closed periods are remain balanced and reconciled

Define Field Status Variant in SAP | Field Status Group The field status group specifies which fields are ready for input, which are required entry fields, and which are hidden when entering documents. Description and Configuration values of Field Status Group

5. Reconciliation accounts are updated on a daily basis. False. The reconciliation accounts are real-time, up-to-date. 6. It is always possible to display the line items of a G/L account. False. It is only possible to display the line items if the account is managed with active line item display.

Define Company in SAP About Company in SAP:- Company is the organizational unit for which individual financial statements can be drawn according to the relevant commercial law. A company can comprise of one or more company codes. A Company has local currencies in which its transactions are recorded. All company codes within a company must use the same transaction Chart of accounts and the same Fiscal Year. Creation of company in sap is optional.

Define Company Code About Company Code :- Company Code in SAP is the smallest organizational unit of Financial Accounting for which you draw individual financial statements like Balance Sheet and Profit & Loss Account for purpose of external reporting. The Creation of company code in sap is mandatory

Definition of Business area :- Business area is a separate area of operations or responsibilities of organizational units of financial accounting that is used for internal and external reporting . Different divisions of each business with in a legal entity are created as Business areas for reporting of each operational areas. So Financial statements can be created for each business area and this financial statements can be used for internal reporting purpose.

Definition of Functional Area in SAP:- Functional Area is a organisational unit in accounting that classifies the expenses of an organisation by functions. Uses of Functional Area :- TheFunctional area in SAP is use to create P&L A/C in Financial Accounting using cost of sales accounting and used to analyse the cost of sales accounting

Definition Fiscal year :- A fiscal year is divided in to number of posting periods and each posting period in a accounting period is defined by a start date and end date Fiscal year in SAP can be defined as year dependent or Year Independent Year independent – Same number and dates for the periods every year year dependent – Periods can be different from year to year Define Fiscal year Variant :- Fiscal year variant is used to define the fiscal year A Fiscal year variant contains the 12 normal posting periods and 4 special periods. We can define maximum 16 posting periods for each year. Special periods are used for Year end activities

Posting Period Variant is accountable for the opening and closing of periods in a Fiscal Year for postings to take place. The Posting Period Variants ( PPV ) in SAP is used to control which accounting period is open for postings and ensuring that closed period remain balanced and reconciled. we can assign posting period variants to one or more company codes.

Purpose of Open and Close Posting periods Configuration:- The posting periods can be maintained as per account type and the year which is to be open & which is to closed. The Posting Period Variant is used to control which accounting period is to be open for posting and ensuring that closed periods are remain balanced and reconciled

Define Field Status Variant in SAP | Field Status Group The field status group specifies which fields are ready for input, which are required entry fields, and which are hidden when entering documents. Description and Configuration values of Field Status Group

Define Company in SAP About Company in SAP:- Company is the organizational unit for which individual financial statements can be drawn according to the relevant commercial law. A company can comprise of one or more company codes. A Company has local currencies in which its transactions are recorded. All company codes within a company must use the same transaction Chart of accounts and the same Fiscal Year. Creation of company in sap is optional.

Define Company Code About Company Code :- Company Code in SAP is the smallest organizational unit of Financial Accounting for which you draw individual financial statements like Balance Sheet and Profit & Loss Account for purpose of external reporting. The Creation of company code in sap is mandatory

Definition of Business area :- Business area is a separate area of operations or responsibilities of organizational units of financial accounting that is used for internal and external reporting . Different divisions of each business with in a legal entity are created as Business areas for reporting of each operational areas. So Financial statements can be created for each business area and this financial statements can be used for internal reporting purpose.

Definition of Functional Area in SAP:- Functional Area is a organisational unit in accounting that classifies the expenses of an organisation by functions. Uses of Functional Area :- TheFunctional area in SAP is use to create P&L A/C in Financial Accounting using cost of sales accounting and used to analyse the cost of sales accounting

Definition Fiscal year :- A fiscal year is divided in to number of posting periods and each posting period in a accounting period is defined by a start date and end date Fiscal year in SAP can be defined as year dependent or Year Independent Year independent – Same number and dates for the periods every year year dependent – Periods can be different from year to year Define Fiscal year Variant :- Fiscal year variant is used to define the fiscal year A Fiscal year variant contains the 12 normal posting periods and 4 special periods. We can define maximum 16 posting periods for each year. Special periods are used for Year end activities

Posting Period Variant is accountable for the opening and closing of periods in a Fiscal Year for postings to take place. The Posting Period Variants ( PPV ) in SAP is used to control which accounting period is open for postings and ensuring that closed period remain balanced and reconciled. we can assign posting period variants to one or more company codes.

Purpose of Open and Close Posting periods Configuration:- The posting periods can be maintained as per account type and the year which is to be open & which is to closed. The Posting Period Variant is used to control which accounting period is to be open for posting and ensuring that closed periods are remain balanced and reconciled

Define Company in SAP About Company in SAP:- Company is the organizational unit for which individual financial statements can be drawn according to the relevant commercial law. A company can comprise of one or more company codes. A Company has local currencies in which its transactions are recorded. All company codes within a company must use the same transaction Chart of accounts and the same Fiscal Year. Creation of company in sap is optional.

Definition Fiscal year :- A fiscal year is divided in to number of posting periods and each posting period in a accounting period is defined by a start date and end date Fiscal year in SAP can be defined as year dependent or Year Independent Year independent – Same number and dates for the periods every year year dependent – Periods can be different from year to year Define Fiscal year Variant :- Fiscal year variant is used to define the fiscal year A Fiscal year variant contains the 12 normal posting periods and 4 special periods. We can define maximum 16 posting periods for each year. Special periods are used for Year end activities

Define Company in SAP About Company in SAP:- Company is the organizational unit for which individual financial statements can be drawn according to the relevant commercial law. A company can comprise of one or more company codes. A Company has local currencies in which its transactions are recorded. All company codes within a company must use the same transaction Chart of accounts and the same Fiscal Year. Creation of company in sap is optional.

Definition Fiscal year :- A fiscal year is divided in to number of posting periods and each posting period in a accounting period is defined by a start date and end date Fiscal year in SAP can be defined as year dependent or Year Independent Year independent – Same number and dates for the periods every year year dependent – Periods can be different from year to year Define Fiscal year Variant :- Fiscal year variant is used to define the fiscal year A Fiscal year variant contains the 12 normal posting periods and 4 special periods. We can define maximum 16 posting periods for each year. Special periods are used for Year end activities

Definition Fiscal year :- A fiscal year is divided in to number of posting periods and each posting period in a accounting period is defined by a start date and end date Fiscal year in SAP can be defined as year dependent or Year Independent Year independent – Same number and dates for the periods every year year dependent – Periods can be different from year to year Define Fiscal year Variant :- Fiscal year variant is used to define the fiscal year A Fiscal year variant contains the 12 normal posting periods and 4 special periods. We can define maximum 16 posting periods for each year. Special periods are used for Year end activities