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In sap we have two types of bank statement are there:
Manual Bank Statement
Electronic Bank Statement
If you receive an electronic statement then you just need to upload it to sap for the purpose of
preparation of bank reconciliation statement. If it is manual one then you need to enter the
statement manually into sap.
SAP FICO Interview Questions By Garudatrainingspiyushchawala
SAP FICO is a core SAP module that covers the financial and reporting segments of a business.
It consists of the interrelated component modules-FI (Financials) and CO (Controlling) with an
extensive set of sub-modules that cover every aspect of the financial and managerial accounting
for both external and internal reporting. Skilled FICO Technical and Functional Consultants are in
very high demand as enterprises world over have been moving to SAP as a single solution for their
business needs. As financial management forms the very basis for any business, SAP FICO has seen
a consistent increase in its implementation with a very high demand for FICO professionals. Garuda
Trainings has come out with a comprehensive online training course in SAP FICO to give our students
the much needed advantage in this highly competitive and sought after segment of the ERP industry.
Online SAP FICO Course Contents: FICO is an integration of two modules FI and CO and the below
curriculum has been segmented accordingly.
Contents:
1) An Introduction to SAP
2) The FI module and its architecture
3) General Ledger Accounting
4) Fixed Assets sub-module
5) The Account Receivables sub-module
6) The Accounts Payable sub-module
7) Integration with other SAP modules and business implementation and deployment
8) The CO module and its architecture, interaction with the FI and other SAP modules
9) Cost centres and profit centres accounting
10) Internal orders and profitability
11) Product costing and activity based costing
For More Info: http://garudatrainings.com/sap-fico-online-training/
Why Choose Us: Our online course in SAP FICO gives you a perfect flexibility of pursing the
course within your existing schedule as you can opt from weekend or weekday batches as per
your convenience. The training resources are prepared by experts with rich experience in SAP
implementations. All modules are led by trainers and are interactive with a recording ability for
future use and access. We offer a 24/7 access to training resources and technical support and give
you a perfect quality training course with an extra emphasis on practical exposure to real-time
implementation scenarios and live projects.
The Complete Advantage: We endeavour to give you a perfect career as a SAP FICO consultant and
our online training course also includes the advantage of placement assistance through our industry
network. To help our users easily clear the interview evaluation, we offer an extensive collection of
in-depth interview questionnaires along with tips of effectively writing resumes. Choose us to get
the perfect advantage in your career as an SAP FICO consultant.
Register For Free Demo:
www.Garudatrainings.com
Email Us:garudatrainings@gmail.com
Ph No:+1-508-841-6144
In sap we have two types of bank statement are there:
Manual Bank Statement
Electronic Bank Statement
If you receive an electronic statement then you just need to upload it to sap for the purpose of
preparation of bank reconciliation statement. If it is manual one then you need to enter the
statement manually into sap.
SAP FICO Interview Questions By Garudatrainingspiyushchawala
SAP FICO is a core SAP module that covers the financial and reporting segments of a business.
It consists of the interrelated component modules-FI (Financials) and CO (Controlling) with an
extensive set of sub-modules that cover every aspect of the financial and managerial accounting
for both external and internal reporting. Skilled FICO Technical and Functional Consultants are in
very high demand as enterprises world over have been moving to SAP as a single solution for their
business needs. As financial management forms the very basis for any business, SAP FICO has seen
a consistent increase in its implementation with a very high demand for FICO professionals. Garuda
Trainings has come out with a comprehensive online training course in SAP FICO to give our students
the much needed advantage in this highly competitive and sought after segment of the ERP industry.
Online SAP FICO Course Contents: FICO is an integration of two modules FI and CO and the below
curriculum has been segmented accordingly.
Contents:
1) An Introduction to SAP
2) The FI module and its architecture
3) General Ledger Accounting
4) Fixed Assets sub-module
5) The Account Receivables sub-module
6) The Accounts Payable sub-module
7) Integration with other SAP modules and business implementation and deployment
8) The CO module and its architecture, interaction with the FI and other SAP modules
9) Cost centres and profit centres accounting
10) Internal orders and profitability
11) Product costing and activity based costing
For More Info: http://garudatrainings.com/sap-fico-online-training/
Why Choose Us: Our online course in SAP FICO gives you a perfect flexibility of pursing the
course within your existing schedule as you can opt from weekend or weekday batches as per
your convenience. The training resources are prepared by experts with rich experience in SAP
implementations. All modules are led by trainers and are interactive with a recording ability for
future use and access. We offer a 24/7 access to training resources and technical support and give
you a perfect quality training course with an extra emphasis on practical exposure to real-time
implementation scenarios and live projects.
The Complete Advantage: We endeavour to give you a perfect career as a SAP FICO consultant and
our online training course also includes the advantage of placement assistance through our industry
network. To help our users easily clear the interview evaluation, we offer an extensive collection of
in-depth interview questionnaires along with tips of effectively writing resumes. Choose us to get
the perfect advantage in your career as an SAP FICO consultant.
Register For Free Demo:
www.Garudatrainings.com
Email Us:garudatrainings@gmail.com
Ph No:+1-508-841-6144
SAP FICO General Ledger EndUser Training | www.sapdocs.infosapdocs. info
You can download this material from http://sapdocs.info/sap/fico/download-sap-general-ledger-accounting-enduser-training-ppt-material/
Get more SAP Materials from http://sapdocs.info/sap/
Blogs on Document Splitting at www.veritysolutions.com.au
Document Splitting is a very powerful feature delivered by SAP ECC.
Previous to SAP ECC, if new fields were required to General Ledger SAP had to deliver these new fields in Special Purpose Ledger tables. Profit Centre Accounting in R3 was Special Purpose Ledger table 8*, Joint Venture Accounting was ledger 4*. This essentially meant that data had to be copied from General Ledger table GLT0 to special ledger tables so these could be reported upon. However, technical glitches in code and incorrect usage of functionalities caused imbalances between the main ledger GLT0 and the special purpose ledgers.
SAP customers who wanted to expand the functionality of General Ledger to cater to special business requirements (like reporting General Ledger with another fiscal year variant) had to create custom Special Purpose Ledger tables. For example, if a customer wanted to report by two fiscal year variants, they could report one variant using General Ledger and the other variant using Special Purpose Ledger.
All this disparate ledgers reported the same source information in different views. Customers had to execute several month end jobs to ensure synchronisation of data across all these ledgers. Differences in balances and information between ledgers led to delays in month end close and reporting.
With SAP ECC new GL, SAP Customers can add new fields (which SAP calls “scenarios”) into General Ledger. This allows customers to perform, for example, Profit Centre Accounting and Reporting within General Ledger.
With SAP ECC new GL, SAP Customers can add new ledgers (which SAP calls “parallel accounting”) into General Ledger. This allows customers to report, for example, the same General Ledger data in multiple fiscal year variants.
This replication of data happens in real-time. SAP customers no longer need to execute month end jobs to synchronise data between different ledgers.
Quick sap co configuration Internal OrderCapgemini
Internal order is a virtual place for collecting/pooling the costs of a particular activity/task. i.e. it is a method to collect those costs and business transactions related to the task/activity. It is a means of tracking costs of a specific job, service, or task. Periodically the costs which are pooled in an internal order can be settled to an asset or to a cost center or to a GL Account or to an order. Thus, while recording you need not analyze the costs. Just record and pool the costs in internal order. After that (generally at the end of the month) these costs are analyzed and settled for relevant elements (like asset or cost center etc).
This method of recording and settling the costs helps in analyzing the costs of cost center wise, profit center wise or cost element-wise. This level of monitoring can be very detailed but allows management the ability to review Internal Order activity for better-decision making purposes.
PAÍS VERSIÓN INDIA, PAYS VERSION INDE, 国家版印度
CIN Domain Basic concepts
FI consultant steps in CIN configuration
CIN VS Service Tax
CIN VS TDS
CIN MM Configuration Steps
CIN SD Configuration Steps
J1I9 CIN Number range objects
Master Data for CIN
MM CYCLES
DEPOT PLANTS
CIN TABLES
CIN Forms
CIN NOTES
CIN ACCOUNTING ENTRIES
UTILIZATION
CIN/VAT/TDS/SERVICE -TAX List of Reports
TAXINN VS TAXINJ
CAPITAL Procurement in SAP
SD CYCLES
Miscellaneous Topics
SAP FICO General Ledger EndUser Training | www.sapdocs.infosapdocs. info
You can download this material from http://sapdocs.info/sap/fico/download-sap-general-ledger-accounting-enduser-training-ppt-material/
Get more SAP Materials from http://sapdocs.info/sap/
Blogs on Document Splitting at www.veritysolutions.com.au
Document Splitting is a very powerful feature delivered by SAP ECC.
Previous to SAP ECC, if new fields were required to General Ledger SAP had to deliver these new fields in Special Purpose Ledger tables. Profit Centre Accounting in R3 was Special Purpose Ledger table 8*, Joint Venture Accounting was ledger 4*. This essentially meant that data had to be copied from General Ledger table GLT0 to special ledger tables so these could be reported upon. However, technical glitches in code and incorrect usage of functionalities caused imbalances between the main ledger GLT0 and the special purpose ledgers.
SAP customers who wanted to expand the functionality of General Ledger to cater to special business requirements (like reporting General Ledger with another fiscal year variant) had to create custom Special Purpose Ledger tables. For example, if a customer wanted to report by two fiscal year variants, they could report one variant using General Ledger and the other variant using Special Purpose Ledger.
All this disparate ledgers reported the same source information in different views. Customers had to execute several month end jobs to ensure synchronisation of data across all these ledgers. Differences in balances and information between ledgers led to delays in month end close and reporting.
With SAP ECC new GL, SAP Customers can add new fields (which SAP calls “scenarios”) into General Ledger. This allows customers to perform, for example, Profit Centre Accounting and Reporting within General Ledger.
With SAP ECC new GL, SAP Customers can add new ledgers (which SAP calls “parallel accounting”) into General Ledger. This allows customers to report, for example, the same General Ledger data in multiple fiscal year variants.
This replication of data happens in real-time. SAP customers no longer need to execute month end jobs to synchronise data between different ledgers.
Quick sap co configuration Internal OrderCapgemini
Internal order is a virtual place for collecting/pooling the costs of a particular activity/task. i.e. it is a method to collect those costs and business transactions related to the task/activity. It is a means of tracking costs of a specific job, service, or task. Periodically the costs which are pooled in an internal order can be settled to an asset or to a cost center or to a GL Account or to an order. Thus, while recording you need not analyze the costs. Just record and pool the costs in internal order. After that (generally at the end of the month) these costs are analyzed and settled for relevant elements (like asset or cost center etc).
This method of recording and settling the costs helps in analyzing the costs of cost center wise, profit center wise or cost element-wise. This level of monitoring can be very detailed but allows management the ability to review Internal Order activity for better-decision making purposes.
PAÍS VERSIÓN INDIA, PAYS VERSION INDE, 国家版印度
CIN Domain Basic concepts
FI consultant steps in CIN configuration
CIN VS Service Tax
CIN VS TDS
CIN MM Configuration Steps
CIN SD Configuration Steps
J1I9 CIN Number range objects
Master Data for CIN
MM CYCLES
DEPOT PLANTS
CIN TABLES
CIN Forms
CIN NOTES
CIN ACCOUNTING ENTRIES
UTILIZATION
CIN/VAT/TDS/SERVICE -TAX List of Reports
TAXINN VS TAXINJ
CAPITAL Procurement in SAP
SD CYCLES
Miscellaneous Topics
Avoid the mistakes that break next year’s project budget reporting! Walk through the steps required to close the year with SAP’s Project Systems and Investment Management.
* Clarify the year-end role of Project Systems
* Describe two reporting methods within IM
* Explain the most efficient IM transactions
* Expand on Advance Commitment budgeting
* Identify the mistakes to avoid
Prepare for your interview with these top 20 SAP FICO interview questions. For more IT Profiles, Sample Resumes, Practice exams, Interview Questions, Live Training and more…visit ITLearnMore – Most Trusted Website for all Learning Needs by Students, Graduates and Working Professionals.
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Brief overview of career options in cybersecurity for technical communicators. Includes discussion of my career path, certification options, NICE and NIST resources.
3. www.LearnSAP.com
Ver ECC6.0 – 02- 2010 Page 3
Table Of Contents
1. Overview of Fixed Assets 5
2. Copy reference chart of depreciation/ depreciation area 6
a. Specify description of chart of depreciation 10
b. Copy/delete chart of depreciation 13
3. Assign input tax indicator for non taxable acquisition 17
4. Assign Chart of Depreciation to Company Code 20
5. Specify Account Determination 22
6. Create Screen Layout Rules 24
7. Define Number Range Intervals 27
8. Define Asset Classes 32
9. Assign G/L accounts 38
10. Specify Document Types for posting of Depreciation 45
11. Specify Posting Keys for asset postings 47
12. Specify Intervals and Posting Rules 49
13. Determine Depreciation area in the Asset Class 51
14. Create Asset 56
15. External Acquisition with Vendor 60
16. Asset Explorer 65
17. Run Depreciation 68
18. Asset Explorer 75
19. Display/Change Item (New) 77
20. Retirement with Customer 80
21. Asset Explorer 85
22. Display/Change Item (New) 87
4. www.LearnSAP.com
Ver ECC6.0 – 02- 2010 Page 4
23. Overview of Asset Under Construction (AUC) 89
24. Create an Asset under AUC Asset Class 90
25. External Acquisition with Vendor 93
26. Define/Assign Settlement Profile 97
27. Distribution 100
28. Asset Explorer 108
29. Overview of Law-Value Asset 110
30. Specify Max Amount for LVA + Asset 111
31. Specify Amount for Law-Value Asset 115
32. Create an Asset under LVA Asset Class 119
33. External Acquisition with Vendor 123
34. Overview of Intercompany Transfer 129
35. Create Asset under any asset class 130
36. External Acquisition without Offsetting entry 134
37. Transfer within Company Code 138
38. Asset Explorer 141
39. Asset Explorer in Information System 143
40. Conclusion and Credits
5. www.LearnSAP.com
Ver ECC6.0 – 02- 2010 Page 5
1. Overview of Fixed Assets:
The Asset Accounting (FI-AA) component is used for managing and supervising fixed assets
with the SAP R/3 System. In SAP R/3 Financial Accounting, it serves as a subsidiary ledger to
the FI General Ledger, providing detailed information on transactions involving fixed assets.
As a result of the integration in the R/3 System, Asset Accounting (FI-AA) transfers data directly
to and from other R/3 components. For example, it is possible to post from the Materials
Management (MM) component directly to FI-AA. When an asset is purchased or produced in-
house, you can directly post the invoice receipt or goods receipt, or the withdrawal from the
warehouse, to assets in the Asset Accounting component. At the same time, you can pass on
depreciation and interest directly to the Financial Accounting (FI) and Controlling (CO)
components. From the Plant Maintenance (PM) component, you can settle maintenance activities
that require capitalization to assets.
Types of Assets:
Tangible Asset: Assets having a physical existence, such as cash, equipment, and real
estate; accounts receivable are also usually considered tangible assets for accounting
purposes.
Intangible Asset: You can manage intangible assets, such as patents, the same as tangible
assets in the system. There are no special system functions for handling the needs of
intangible assets.
Asset under construction: They are usually displayed as a separate balance sheet item and
therefore need a separate account determination in their asset classes.
Low value asset: LVAs are fully depreciated in the year of purchase or in the period of
acquisition.
Leased Asset: Leased assets create special accounting requirements for the lessee. During
the term of the lease, leased assets remain the property of the lesser or manufacturer.
6. www.LearnSAP.com
Ver ECC6.0 – 02- 2010 Page 6
2. Copy Reference Chart of Depreciation:
Charts of depreciation are used in order to manage various legal requirements for the depreciation
and valuation of assets. These charts of depreciation are usually country-specific and are defined
independently of the other organizational units.
SAP supplies typical reference charts of depreciation for each country. They have different
depreciation areas and depreciation keys depending on that country’s specific requirements. You
cannot use these charts of depreciation directly. You must create your own chart of depreciation
by copying the reference chart of depreciation. Delete any depreciation areas that are not needed.
Each depreciation area represents a specific type of valuation (for example, book depreciation or
tax depreciation). You can also define your own depreciation
The depreciation areas are defined with a two-digit numeric key. The numeric keys represent
depreciation terms that you can enter in the asset master record or in the asset classes. Values and
depreciation are posted to the general ledger.
Click on execute button.
IMG -> Financial Accounting -> Asset Accounting -> Organizational Structure ->
Copy Reference Chart of Depreciation/Depreciation Area
7. www.LearnSAP.com
Ver ECC6.0 – 02- 2010 Page 7
Double click on Reference Chart of Depreciation
Click on Copy as button.
8. www.LearnSAP.com
Ver ECC6.0 – 02- 2010 Page 8
Give Following information:
From Chart of dep.: Chart of dep. from where you want to copy
To Chart of dep.: Four digit identification for chart of dep.
Press Enter.
Press enter.
Press Enter.
10. www.LearnSAP.com
Ver ECC6.0 – 02- 2010 Page 10
a. Specify Description of Chart of Depreciation:
Here you can change text of chart of depreciation
Double click on Specify Description of Chart of Depreciation.
11. www.LearnSAP.com
Ver ECC6.0 – 02- 2010 Page 11
Click on Position and give you chart of dep..
Press enter.
Select your chart of dep. And change Description.
13. www.LearnSAP.com
Ver ECC6.0 – 02- 2010 Page 13
b. Copy/Delete description Areas:
Double click on Copy/Delete description Areas:
When you create a chart of depreciation, the system copies all of the depreciation areas in the
reference chart of depreciation. You have to delete any depreciation areas that you do not need in
your chart of depreciation.
Give your Chart of dep.
Press enter.
17. www.LearnSAP.com
Ver ECC6.0 – 02- 2010 Page 17
3. Assign Input tax indicator for Non-Taxable Acquisition:
You specify an input tax indicator per company code. The system then uses this indicator when
you post acquisitions that are not subject to tax, but which are posted to accounts that are tax-
relevant.
An acquisition of this type is an acquisition from in-house production. In the Asset Accounting
posting transaction for this acquisition, the input tax indicator is not ready for input.
Click on execute button.
IMG -> Financial Accounting ( New) -> Asset Accounting -> Integration with the
General Ledger -> Assign Input Tax Indicator for Non- Taxable Acquisitions
18. www.LearnSAP.com
Ver ECC6.0 – 02- 2010 Page 18
Click on Position and give your company code.
Press enter and give input and output tax. ( You can give V0 for Input tax and A0 for output tax.
Press save button.
20. www.LearnSAP.com
Ver ECC6.0 – 02- 2010 Page 20
4. Assign chart of depreciation to company code:
Click on execute button.
Click on Position button and give your company code.
IMG -> Financial Accounting -> Asset Accounting -> Organizational Structures ->
Assign Chart of Depreciation to Company Code
21. www.LearnSAP.com
Ver ECC6.0 – 02- 2010 Page 21
Press enter and give your chart of depreciation.
Press enter.
Press save button.
Press enter.
22. www.LearnSAP.com
Ver ECC6.0 – 02- 2010 Page 22
5. Specify Account Determination:
Using the Asset Accounting component, you can automatically update all relevant transactions to
the general ledger. These include all accounting transactions that are posted to assets, and all
changes to asset values that are automatically calculated by the system. This update takes place
immediately online for the master depreciation area.
You enter the account determination key in the general master data for the asset class. The
account determination key defines the accounts in Financial Accounting that should be posted
during asset transactions, for each chart of accounts and depreciation area (defined as an
automatic posting area) in the chart of depreciation.
Click on execute button.
IMG -> Financial Accounting -> Asset Accounting -> Organizational Structures ->
Asset Classes -> Specify Account Determination
23. www.LearnSAP.com
Ver ECC6.0 – 02- 2010 Page 23
Before you create account determination you must create following G/L accounts under asset
account group:
1310 - Building Recon G/L account
1410 - Machinery Recon G/L account
1510 - LVA Recon G/L account
1610 - AUC Recon G/L account
We will create account determination same as our asset g/l account numbers.
Press save button.
Press enter.
24. www.LearnSAP.com
Ver ECC6.0 – 02- 2010 Page 24
6. Create Screen Layout Rules:
The screen layout specifies the status of the fields in the asset master record. You use the screen
layout to determine if fields are required entry or optional entry fields, or if they are suppressed
completely, for example.
Click on execute button.
IMG -> Financial Accounting -> Asset Accounting -> Organizational Structures ->
Asset Classes -> Create Screen Layout Rules
25. www.LearnSAP.com
Ver ECC6.0 – 02- 2010 Page 25
We will copy screen layout. Select 1003, 1500, 1600 and 1800 screen layout.
Click on Copy as button.