Answer / parandham

1 A. Company is nothing but Group of Company codes eg.
TATA, Company code nothing but Tata Consultancy Servies. so
many company code we can assign to One company. Company
having different typies of company codes eg. TATA Group
having TCS, Tata Steel, Titan like that.

3 A. Retained Account mean this is mandatory we can't creat
GL account without Retained account. On year ending p&l
account balance transfer to Retained a/c balance sheet a/c
s transfer to individual a/cs.

Answer / kamala madhusudan

6. Fiscal year variant can be defined as year dependent or
year independent.It contains the definitions of posting
period and special periods.
Posting period variant controls the open and close of
the particular year for each co code(both normal and
special periods)

Answer / kamala madhusudan

account group determines which fields you can configure in
the GL master record. either it should be B/S or P&L item.
It may be even sample account.
It controls the number range of GL account
It controls the status of fields of the GL master record

Answer / kamala madhusudan

12. External number range is the numbers given by the
person who is entering the transaction, which can be even
alpha numeric. numbers in sequence is not necessary.
Internal number range is the system generated numbers,
in which numbers are in sequence.

13. Client - chart of accounts - co code - business area

20 Base line date is date from which terms of payment
apply. Base line date be a) document date b)posting date c)
no default(the user should explicitly must define the
baseline date in invoice) d)entry date. Base line date is
used to calculate cash discount amount.

Answer / vijaya

2.Business area and pca both are useful for internal
reporting purpose but coming to taxes business area is not
supported so now a days all the people are useing pca for
reporting . mainly pca is useful for to know the profit for
a particular product wuse , product grp wise or location
wise if business area is not activated in fi.

1.company is a legal entity we can assign n no os company
code under one company .
company code means we can maintain all financial data

3.account grp : grouping of all the activities in order to
control the master records

5.different fields which are useful for posting

6. fiscal yr variant is nothing but financial yr for
company here we can maintain 2 types of fiscal yr variants
1.calender yr
2.yr dependent fiscal yr
posting period variant: for posting any g/l a/c we need to
open that period for this we need posting period variant

7.withholding taxes
we have 2 types of withholding taxes
1.classical
2.extended
n some countries, a portion of the invoice amount must be
withheld for certain vendors and paid or reported directly
to the tax authorities.
SAP currently provides 2 functions for calculating
withholding tax.
1. Classic withholding tax 2. Extended withholding tax
Extended withholding tax includes all the features of
classic withholding tax and, in addition, also fulfills a
number of further country specific requirements.
If you wish to implement the withholding tax functions in
your organization you should choose extended withholding
tax.
8. taxes on sales and purchases
if we wnat to maintain taxes on sales and purchases we need
to maintain tax procedures the diff between sales tax and
purchases tax we need to pay to the tax authorities

taxes on sales and purchases are levied on every sales
transaction in accordance with the principles of VAT. This
applies to input and output tax, for e.g. input tax is
calculated using the net invoice amount and is charged by
the vendor.
Output tax is calculated using the net price of products
and is charged to the customer.
Companies can offset input tax against output tax, paying
the balance to tax authorities

9.use tax
use tax is a tax that is withheld by vendor. If the vendor
does not charge taxes on taxable transactions or cannot
charge for legal reasons for e.g. the recipient of the
goods is obliged to pay the taxes due to the tax
authorities. This tax increases the expense.

10. value added tax

11.Jurisdiction code
jurisdiction code is a key which determines the tax amount
and the way in which payment of the total tax amount is
divided between different tax authorities. Jurisdiction
codes are used in USA and Brazil.
These codes are made up of 3 levels these are
250221105
25=state code
022=country code
1105=city code.

Answer / kamala madhusudan

67 sample document is a special type of reference document.
data from this document is used to create default entries
on the accounting document entry screen.It does not update
transaction figures.
recurring document is used for periodical postings such as
rent payments/recipts, loan payements etc.It should be
posted sequentially. it is not possible to skip one payment
and post the next due.

69 clearing accounts is nothing but balancing the debit and
credit of a particular account.

70 open item management shows the transactions which is
open as well as cleared items.

Answer / abhijeet

.Business area and pca both are useful for internal
reporting purpose but coming to taxes business area is not
supported so now a days all the people are useing pca for
reporting . mainly pca is useful for to know the profit for
a particular product wuse , product grp wise or location
wise if business area is not activated in fi.

Answer / chakri

1.company VS company code.
a.company consist group of company codes where company code is a single unit.b.company is used for consolidation of all financial reports where as company code is used to prepare financial statements.

2.business area vs pca

both are used for internal reporting but now a days all companies is preferred to use PCA.business area may not supported by SAP in future.business area tax item spilliting it created problem.

3. retained earnings account
retained earnings account means the balances of p&l account are transferred tear end clohis account at the time year end closings.

4.Account group functionality
Account groups controls the master records,data screen layouts and number range intervals.without this it's not possible to create master records.

5.field status variant.
field status variant detemines which field is ready for input,we make some fields as optional,mandatory and suppress.

6.FSV vs PPV
FSV is nothing but financial year (or) academic year it contains 12 periods and 4 special periods.
where as PPV controls the open and closing posting periods.

13.FI org structure
client-->credit control area-->company-->company code-->business area.
14.CO org structure
client-->operating concern-->controlling area-->company code-->cost center-->business area.

Answer / kamala madhusudan

66 hold document:
No document no. assignemnt
free assignment of the designation
no update of the transaction figure
not taken into account for evaluations/reports

Park document:
system assigns the number
user must pass on the number if it is assinged externally

What is allocation price variance? : co- cost center accounting

0 Answers  

1.How will we give individual payments in app run? 2.App 15 line items open 15k is there how will check print? If 16k is there how will? 3.App al line items are open check will print or not?

3 Answers   CTS,

in iam entered in F-02 Posting than eraise a problem , company code cannot assined country to country.so pls give an answer..

2 Answers  

What is the importance of good received/ invoice received clearing account?

0 Answers  

How do you configure tax procedure settings and tax codes? What all steps are involved?

3 Answers  

What is a standard hierarchy? : co- cost center accounting

0 Answers  

Generally what order will be followed in implementation of sap modules?

1 Answers  

What is a shortend fiscal year?

0 Answers  

Fipay_gts001 Sap global trade services (sap GTS) can not be reached during an automatic payment process.The check in sap GTS couldn't be made due to missing or incorrect settings in customizing of sap GTS (technical incompleteness) this is error because of I am not able post F110 I tried through dmee, edi also not able to run this programme ,kindly help any one

0 Answers   Wipro,

What is internal number range? What advantages & risk?

3 Answers   Accenture,

We use statistical internal orders to have more detail on the cost center for tracking activities in a vineyard. Example would be different operational cost centers buy supplies for pruning, fertilizing, planting, frost control, etc so we have internal orders to add to cost center and gl acct. GL acct is type of expense, labor, supplies, equipment etc. How can I get my internal orders at my cost centers to display both actual and plan in my report. the flext table does not store both cost objects so it will not work.....

0 Answers   Delicato Family Vineyards, IBM,

Re: i am getting error that"there is no item category assigned to account no(any account no)company while save the entries in gernal ledger, i able to simulate the entries but not to saved, i am using 6.0ecc version. so some one gave answer that"you activated document splitting for that u have to assign the item category for that g/l other wise u can deactivate in document splitting as per co code level".so please any one tell me the path or method to how to deactivate document splitting as per co code level so some one gave these path "hey u can get the path in general ledger accounting >>document splitting>>>here u can get the path for deactivate document splitting per co code level" but i unable to get the path, please any one tell me total path of document splitting deactivating per company code level.

7 Answers