Answer / sapgaurav

It is a bridge to flow the profit or loss to the balance sheet.
In Customizing, users define the retained earnings account that is assigned to expense accounts during G/L account master record creation. If there is only one retained earnings account, the system automatically uses the one defined in Customizing. If there is more than one retained earnings account, when you create a master record, you can select the retained earnings account for each profit and loss statement account.

steps to create Retained Earning Account

T-code OB53
enter chart of accounts

Account Assignment
in P&L stmt give X
& in Account: give the account number
You can create the account in FS00 later also

Answer / srini066

when company want to show the profits operational profit and non operational profits separately then they use two retain earning account

Answer / deepika@1

retained earning is ntng by a carrying forward dis yr profit to the next year...maintain in ob53 wid the help of chart of a/c & gl a/c (fs00)

how to find particular G/L account releate to Cost center.

2 Answers   Accenture, Oracle,

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While running the FCH5, it is asking payment document number. What is that.

4 Answers  

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what is the main use of terms payments?

1 Answers  

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What purpose to maintain the Ranking Order ? How the payment pick the particular Ranking Order while using the mulitiple Ranking Orders ??

1 Answers  

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i have business in three countries, and i created 3 company codes for 3 countries, now my question is 1. USA, 2. Germany & 3. India so this fiscal years are different my HO is in Germany so that i want to see the reports at HO, how can i see the reports.

2 Answers   IBM,

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What is a year-dependent fiscal year?

0 Answers  

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What is the landscape you are following? In which one do you prefer to test functional module level changes?

4 Answers   IBM,

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Hello everyone, I need some help. I completed my SAP Fico course and appeared for an interview in IBM under the payroll of WDC- vendor of IBM. Fortunately I have selected for IBM Projects under the payroll of wdc. But worst thing start from there, for 1 month I'm just waiting for a project to allocate for me, but unfortunately no projects have been allocated and after 1 month wdc has released me. Now I fall in a big trouble, i'm not understanding anything what i should i do now? Again I have to start for searching job in sap field and i'm not getting that. So, can anybody help me out and plz. give the information is there any place mainly in kolkata or any information about the other vendors companies or consultancies who are recruiting candidates for MNC companies, is there any requirement going on for sap fico module in kolkata. I have shown just 1 years of exp. in Sap. So, plz. help me out if any one can, i'm in a big trouble. You can mail me also for the information- addie_84@rediffmail.com. Thanks in advance.

0 Answers  

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I would like to know the questions asked in client round and project manager round? please suggest the questions generally asked

1 Answers   Accenture,

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How do you ensure correct balances in the financial statement version? : fi- general ledger accounting

0 Answers  

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Hi all.... Please explain to me... what G/L account should I maintain / create If I want to do the intercompany transfer asset - no revenue. and if I want to do the intercompany transfer asset - Net Book Value. What is the different between this 2 method. My company's requirement is ... 1. Transfering the asset on company A to company B, example Asset 1 - acquisition date : 01.06.2007 , acquisition amount : 1000, accumulated depreciation till 31.12.2007 : 10 so the net book value is 90, useful life 4 years the company wants to transfer this asset in company B. is it possible to transfer all the data just like I explain above : acquisition date : 01.06.2007 , acquisition amount : 1000, accumulated dep = 10

0 Answers   ACC,

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Where Is Assign Group Chart of Account And Country chart of Account

3 Answers   NIIT,

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