WBS ZPS.EXZZA210.1484 : WiP in Financial Accounting is still to be cleared/

Hi guys
I cannot close the WBS element beacuse of this message WBS ZPS.EXZZA210.1484 : WiP in Financial Accounting is still to be cleared/settled. All the orders are closed and there are no commitments
. I also ran the RA as well.

The settlement was done in same period. In the RA i maintained manually because there were few cents outstanding. I am not sure if that might have caused the problem. Below is the screen shot of the manual adjustment i have done in RA.The  column with lots of zero's is the one i adjusted manually.
Z05     B     WIPR     68.333,86      0,00       Creation of WIP for line ID (requirement to capitalize) Z05 (Other)
Z05     V     WIPR     68.333,86-     0,00      Usage of work in process for line ID (requirement to capitalize) Z05 (Other)
             CLCO     68.333,86      0,00      Calculated costs
Z90          VLRV     80.081,81      0,00      Revenue affecting net income for rev. line ID Z90 (Turnover Other)
             VLCC     0,00      0,00      Valuated cost of complaints/commissions
             VLCO     68.333,86      0,00      Valuated actual costs
             CAPP     0,00      0,00      Capitalized profit
Z05          COSR     68.333,86      0,22      Cost of sales for line ID (requirement to capitalize) Z05 (Other)
             PLCV     91.181,06      0,00      Plan Costs of Valuation (Original Plan Share)
        M     PLCV     22.847,20-     0,00      Plan Costs of Valuation (Reduction Share)
        P     PLCV     0,00      0,00      Plan Costs of Valuation (Increase Share)
             PLRV     82.905,03      0,19-     Plan Revenue of Valuation (Original Plan Share)
        D     PLRV     0,00      0,00      Plan Revenue of Valuation (Deduction Commission Costs Share)
        M     PLRV     2.823,22-     0,00      Plan Revenue of Valuation (Reduction Share)
        P     PLRV     0,00      0,00      Plan Revenue of Valuation (Increase Share)
             CLRV     80.081,81      0,00      Calculated revenue
Z05     B     RUCR     0,00      0,22      Creation of reserves for unrealized costs for line ID Z05 (Other)
Z05     V     RUCR     0,00      0,00      Usage of reserves for unrealized costs for line ID Z05 (Other)
             POCS     0,00      0,00      Revenue surplus
        B     RIML     0,00      0,01-     Creation of reserves for imminent loss
        B     RILC     0,00      0,00      Credit of reserves for imminent loss which cannot be capitalize
        V     RIML     0,00      0,02-     Usage of reserves for imminent loss
Z05     V     RUCR     0,00      0,00      Usage of reserves for unrealized costs for line ID Z05 (Other)

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    posting report. If you fail to process the batch input session, an error
    message will appear at the next posting run.
    The depreciation calculation is a month end process which is run in
    batches and then once the batch input is run the system posts the
    accounting entries into Finance.
    How do you change fiscal year in Asset Accounting?
    n Run The fiscal year change program which would open new annual
    value fields for each asset. i e next year
    Ÿ The earliest you can start this program is in the last posting period of
    the current year.
    Ÿ You have to run the fiscal year change program for your whole
    company code.
    Ÿ You can only process a fiscal year change in a subsequent year if the
    previous year has already been closed for business.
    Take care not to confuse the fiscal year change program with year-end
    closing for accounting purposes. This fiscal year change is needed only in
    Asset Accounting for various technical reasons.
    Is it possible to have depreciation calculated to the day?
    Yes it is possible. You need to switch on the indicator “Dep to the day” in
    the depreciation key configuration.
    Is it possible to ensure that no capitalization be posted in the
    subsequent years?
    Yes it is possible. You need to set it in the depreciation key
    configuration.
    How are Capital Work in Progress and Assets accounted for in SAP?
    Capital WIP is referred to as Assets under Construction in SAP and are
    represented by a specific Asset class. Usually depreciation is not charged
    on Capital WIP.
    All costs incurred on building a capital asset can be booked to an
    Internal Order and through the settlement procedure can be posted onto
    an Asset Under Construction. Subsequently on the actual readiness of
    the asset for commercial production, the Asset Under Construction gets
    capitalized to an actual asset.
    The company has procured 10 cars. You want to create asset
    masters for each of this car. How do you create 10 asset masters at
    the same time?
    While creating asset master there is a field on the initial create screen
    called as number of similar assets. Update this field with 10. When you
    finally save this asset master you will get a pop up asking whether you
    want to maintain different texts for these assets. You can update
    different details for all the 10 cars.
    FI-MM-SD Integration
    How do you go about setting the FI MM account determination ?
    FI MM settings are maintained in transaction code OBYC. Within these
    there are various transaction keys to be maintained like BSX, WRX,
    GBB, PRD etc. In each of these transaction keys you specify the GL
    accounts which gets automatically passed at the time of entry.
    Few examples could be: BSX- Stands for Inventory Posting Debit
    GBB-Standsfor Goods Issue/Scrapping/delivery
    of goods etc
    PRD- Stands for Price Differences.
    At what level is the FI-MM, FI-SD account determination settings?
    They are at the chart of accounts level.
    What are the additional settings required while maintaining or
    creating the GL codes for Inventory accounts?
    In the Inventory GL accounts (Balance sheet) you should switch on the
    ‘Post automatically only’ tick. It is also advisable to maintain the
    aforesaid setting for all FI-MM accounts and FI-SD accounts. This helps
    in preserving the sanctity of those accounts and prevents from having
    any difference between FI and MM, FI and SD.
    What is Valuation and Account assignment in SAP?
    This is actually the link between Materials Management and Finance.
    The valuation in SAP can be at the plant level or the company code level.
    If you define valuation at the plant level then you can have different
    prices for the same material in the various plants. If you keep it at the
    company code level you can have only price across all plants.
    Valuation also involves the Price Control .Each material is assigned to a
    material type in Materials Management and every material is valuated
    either in Moving Average Price or Standard Price in SAP. These are the
    two types of price control available.
    What is Valuation Class?
    The Valuation Class in the Accounting 1 View in Material Master is the
    main link between Material Master and Finance. This Valuation Class
    along with the combination of the transaction keys (BSX,WRX,GBB,PRD )
    defined above determine the GL account during posting.
    We can group together different materials with similar properties by
    valuation class. Eg Raw material,Finsihed Goods, Semi Finished
    We can define the following assignments in customizing :
    All materials with same material type are assigned to just one valuation
    class.
    Different materials with the same material type can be assigned to
    different valuation classes.
    Materials with different material types are assigned to a single valuation
    class.
    Can we change the valuation class in the material master once it is
    assigned?
    Once a material is assigned to a valuation class in the material master
    record, we can change it only if the stocks for that material are nil. If the
    stock exists for that material, then we cannot change the valuation class.
    In such a case, if the stock exists, we have to transfer the stocks or issue
    the stocks and make the stock nil for the specific valuation class. Then
    only we will be able to change the valuation class.
    Does the moving average price change in the material master during
    issue of the stock assuming that the price control for the material is
    Moving Average?
    The moving average price in the case of goods issue remains unchanged.
    Goods issue are always valuated at the current moving average price. It
    is only in goods receipt that the moving average price might change. A
    goods issue only reduces the total quantity and the total value in relation
    to the price and the moving price remains unchanged. Also read the
    next question to learn more about this topic.
    If the answer to the above question is ‘Yes’, then list the scenario in
    which the moving average price of the material in the material
    master changes when the goods are issued.
    The moving average price in the material master changes in the scenario
    of Split Valuation which is sometimes used by many organizations. If the
    material is subject to split valuation, the material is managed as Several
    partial stocks and each partial stock is valuated separately.
    In split valuation, the material with valuation header record will have ‘v’
    moving average price. This is where the individual stocks of a material
    are managed cumulatively. Here two valuation types are created, one
    valuation type can have ‘v’ (MAP) and the other valuation type can have
    ‘s’(standard price).
    In this case, whenever the goods are issued from the respective valuation
    types, always the MAP for the valuation header changes.
    What is the accounting entry in the Financial books of accounts
    when the goods are received in unrestricted use stock? Also
    mention the settings to be done in the ‘Automatic postings’ in SAP
    for the specific G/L accounts.
    On receipt of the goods in unrestricted-use stock, the Inventory account
    is debited and the GR/IR account gets credited. In customization, in the
    automatic postings, the Inventory G/L account is assigned to the
    Transaction event key BSX and the GR/IR account is assigned to the
    Transaction event key WRX.
    If a material has no material code in SAP, can you default the G/L
    account in Purchase order or it has to be manually entered?.
    If a material has no material code in SAP, we can still, default the G/L
    account with the help of material groups. We can assign the valuation
    class to a material group and then in FI-automatic posting, we can
    assign the relevant G/L account in the Transaction event key. The
    assignment of a valuation class to a material group enables the system to
    determine different G/L accounts for the individual material groups.
    What is the procedure in SAP for Initial stock uploading? Mention
    the accounting entries also.
    Initial stock uploading in SAP from the legacy system is done with
    inventory movement type 561( a MM transaction which is performed).
    Material valuated at standard price: For a material valuated at
    standard price, the initial entry of inventory data is valuated on the basis
    of standard price in the material master. If you enter an alternative value
    at the time of the movement type 561, then the system posts the
    difference to the price difference account.
    Material valuated at moving average price: The initial entry of
    inventory data is valuated as follows : If you enter a value when
    uploading the initial data, the quantity entered is valuated at this price.
    If you do not enter a value when entering initial data, then the quantity
    entered is valuated at the MAP present in the material master.
    The accounting entries are: Inventory account is debited and Inventory
    Historical upload account is credited.
    How do you configure FI-SD account determination?
    The FI-SD account determination happens through an access sequence.
    The system goes about finding accounts from more specific criteria to
    less specific criteria.
    This is the sequence it would follow:
    1) It will first access and look for the combination of Customer
    accounts assignment grp/ Material account assignment grp/
    Account key.
    2) If it does not find the accounts for the first combination it will look
    for Customer account assignment grp and account key
    combination.
    3) Furthermore, if it does not find accounts for the first 2 criteria’s
    then it will look for Material account assignment grp/Account key.
    4) If it does not find accounts for the all earlier criteria’s then finally it
    will look for Account key and assign the GL code.
    Thus posting of Sales Invoices into FI are effected on the basis of a
    combination of Sales organization, Account type, or Customer and
    Material Account assignment groups and following are the options
    available.
    a. Customer AAG/Material AAG/Account type
    b. Material AAG/Account type
    c. Customer AAG/Account type
    For each of this option you can define a Gl account. Thus the system
    uses this gl account to automatically pass the entries.
    Logistics Invoice Verification
    Can you assign multiple G/L accounts in the Purchase order for the
    same line item?
    Yes, we can assign multiple G/L accounts in the Purchase order for the
    same line item. The costs can be allocated on a percentage or quantity
    basis. If the partial goods receipt and partial invoice receipt has already
    taken place, then the partial invoice amount can be distributed
    proportionally, i.e. evenly among the account assigned items of a
    Purchase order. Alternatively the partial invoice amount can be
    distributed on a progressive fill-up basis, i.e. the invoiced amount is
    allocated to the individual account assignment items one after the other.
    What is Credit memo and subsequent debit in Logistics Invoice
    verification?
    The term credit memo refers to the credit memo from the vendor.
    Therefore posting a credit memo always leads to a debit posting on the
    vendor account. Credit memos are used if the quantity invoiced is higher
    than the quantity received or if part of the quantity was returned.
    Accounting entries are : Vendor account is debited and GR/IR account is
    credited.
    Subsequent debit : If a transaction has already been invoiced and
    additional costs are invoiced later, then subsequent debit is necessary. In
    this case you can debit the material with additional costs, i.e. GR/IR
    account debit and Vendor account credit. When entering the Subsequent
    debit, if there is no sufficient stock coverage, only the portion for the
    available stock gets posted to the stock account and rest is posted to the
    price difference account.
    What do you mean by Invoice parking, Invoice saving and Invoice
    confirmation?
    Invoice parking : Invoice Parking is a functionality which allows you to
    create incomplete documents and the system does not check whether the
    entries are balanced or not. An accounting documents is also not created
    when the invoice is in parked mode.
    Thus you can create incomplete documents and then post it later to
    accounting when you feel it is complete. You can even rectify the Parked
    invoice. This feature is used by many companies as on many occasions
    all data relating to the invoice might not be available.
    Invoice saving : This is also called Invoice processing or Invoice posting.
    The accounting document gets created when the invoice is posted in SAP.
    Invoice confirmation : There is no terminology in SAP as Invoice
    confirmation.
    What are Planned delivery costs and Unplanned delivery costs?
    Planned delivery costs: are entered at the time of Purchase order. At
    goods receipt, a provision is posted to the freight or customs clearing
    account.
    e.g. FRE is the account key for freight condition, hence the system can
    post the freight charges to the relevant freight revenue account and FR3
    is the account key for Customs duty, hence the system can post the
    customs duty to the relevant G/L account.
    These account keys are assigned to the specific condition types in the
    MM Pricing schema.
    In terms of Invoice verification : If the freight vendor and the material
    vendor is the same : then we can choose the option : Goods service items
    + Planned delivery costs.
    If the freight vendor is different from the material vendor: then for
    crediting only the delivery costs, we can choose the option: Planned
    delivery costs.
    Unplanned delivery costs: are the costs which are not specified in the
    Purchase order and are only entered when you enter the invoice.
    What is the basis on which the apportionment is done of unplanned
    delivery costs?
    Unplanned delivery costs are either uniformly distributed among the
    items or posted to a separate G/L account.
    For a material subjected to Moving average price, the unplanned delivery
    costs are posted to the stock account, provided sufficient stock coverage
    exists.
    For a material subjected to Standard price, the unplanned delivery costs
    are posted to the Price difference account.
    There are cases where Invoice verification is done first before the
    Goods receipt is made for the purchase order . In these cases with
    what values would the Goods receipt be posted ?
    Since the invoice verification has been done first the Goods Receipts will
    be valued with the Invoice value.
    FI Month End Closing Activities
    What are the Month End Closing Activities in Finance?
    1. Recurring Documents.
    a) Create Recurring documents
    b) Create Batch Input for Posting Recurring Documents
    c) Run the Batch Input Session
    2. Posting Accruals or Provisions entries at month end
    3. Managing the GR/IR Account-Run the GR/Ir Automatic Clearing
    4. Foreign Currency Open Item Revaluation-Revalue Open Items in
    AR.AP
    5. Maintain Exchange Rates
    6. Run Balance Sheets –Run Financial Statement Version
    7. Reclassify Payables and Receivables if necessary
    8. Run the Depreciation Calculation
    9. Fiscal Year Change of Asset Accounting if it is year end
    10. Run the Bank Reconciliation
    11. Open Next Accounting Period
    Controlling Module
    Explain the organizational assignment in the controlling module?
    Company codes are assigned to the controlling area. A controlling area
    is assigned to the operating concern.
    Controlling Area is the umbrella under which all controlling activities of
    Cost Center Accounting, Product costing, Profitability Analysis and Profit
    Center are stored.
    Operating Concern is the highest node in Profitability Analysis
    What is primary Cost element and secondary cost element?
    Every Profit and Loss GL account that needs to be controlled has to be
    defined as a cost element in SAP. Just as in FI General Ledger Accounts
    exist, in Controlling we have Cost element.
    Each FI General Ledger Account that is a Profit and Loss Account is also
    created as a Cost element in SAP.
    Primary Cost Elements are those which are created from FI general
    Ledger Accounts and impact the financial accounts eg. Travelling
    expenses, consumption account infact, any Profit and Loss GL account
    Secondary Cost Elements are those which are created only in
    controlling and does not affect the financials of the company. It is used
    for internal reporting only. The postings to these accounts do not affect
    the Profit or Loss of the company.
    The following categories exist for secondary cost elements:
    21 Internal Settlement:
    Cost elements of this category is used to settle order costs to objects in
    controlling such as cost centers, pa segments etc.
    31 Order/Results Analysis:
    Used to calculate WIP on the order/project
    41 Overhead
    Used to calculate indirect costs from cost centers to orders
    42. Assessment
    Used to calculate costs during assessment
    43 Internal Activity Allocation
    Used to allocate costs during internal activity allocation such as Machine
    Labour etc
    What are cost objects?
    A cost object means a cost or a revenue collector wherein all the costs or
    revenues are collected for a particular cost object. Examples of this could
    be cost center, production order, internal order, projects, sales order
    So whenever you look at any controlling function the basic thing you
    need to ask yourself is What is the cost element(expense) I want to
    control and what is the cost object ( i.e. either the production order, sales
    order, internal order) I am using to control this cost element. Sounds
    confusing read it again it is very simple
    Controlling is all about knowing the cost element and the cost
    object. Every time pose this question to yourself what is the cost
    element what is the cost object.
    At the end of the period all costs or revenues in the cost object are settled
    to their respective receivers which could be a gl account, a cost center,
    profitability analysis or asset.
    It is very important that you understand this otherwise you would
    struggle to understand Controlling.
    Cost Center Accounting:
    How is cost center accounting related to profit center?
    In the master data of the Cost Center there is a provision to enter the
    profit center. This way all costs which flow to the cost center are also
    captured in the profit center.
    Cost centers are basically created to capture costs e.g. admin cost center,
    canteen cost center etc
    Profit centers are created to capture cost and revenue for a particular
    plant, business unit or product line.
    What is a cost element group?
    Cost element group is nothing but a group of cost elements which help
    one to track and control cost more effectively. You can make as many
    number of cost element groups as you feel necessary by combining
    various logical cost elements.
    What is a cost center group?
    In a similar line the cost center group is also a group of cost centers
    which help one to track and control the cost of a department more
    effectively. You can make as many number of cost centers as you feel
    necessary by combining various logical cost centers
    Infact you can use various combinations of cost center group with the
    cost element group to track and control your costs per department or
    across departments
    What is the difference between Distribution and Assessment?
    Distribution uses the original cost element for allocating cost to the
    sender cost center. Thus on the receiving cost center we can see the
    original cost element from the sender cost center. Distribution only
    allocates primary cost.
    Assessment uses assessment cost element No 43 defined above to
    allocate cost. Thus various costs are summarized under a single
    assessment cost element. In receiver cost center the original cost
    breakup from sender is not available. Assessment allocates both primary
    as well as secondary cost.
    What are the other activities in Cost center?
    If you have a manufacturing set up, entering of Activity prices per cost
    center/activity type is an important exercise undertaken in Cost center
    accounting.
    What is an Activity Type?
    Activity types classify the activities produced in the cost centers.
    Examples of Activity Type could be Machine, Labour, Utilities
    You want to calculate the activity price through system? What are
    the requirements for that?
    In the activity type master you need to select price indicator 1 – Plan
    price, automatically based on activity.
    When activity price is calculated through system whether activity
    price is shown as fixed or variable?
    Normally when activity price is calculated through system it is shown as
    fixed activity price since primary cost are planned as activity independent
    costs.
    What is required to be done if activity price is to be shown both
    fixed and variable?
    In this case you need to plan both activity independent cost which are
    shown as fixed costs and activity dependent costs which are shown as
    variable costs.
    Is it possible to calculate the planned activity output through
    system?
    Yes. It is possible to calculate the planned activity output through
    system by using Long term Planning process in PP module.
    Explain the process of calculating the planned activity output
    through Long term planning?
    In Long term planning process the planned production quantities are
    entered for the planning year in a particular scenario. The Long term
    planning is executed for the scenario. This generates the planned activity
    requirements taking the activity quantities from the routing and
    multiplying with the planned production.
    The activity requirements are then transferred to the controlling module
    as scheduled activity quantities. Thereafter you execute a plan activity
    reconciliation which will reconcile the schedule activity and the activity
    you have planned manually. The reconciliation program updates the
    scheduled activity quantity as the planned activity in the controlling
    module.
    You want to revalue the production orders using actual activity
    prices. Is there any configuration setting?
    Yes. There is a configuration setting to be done.
    Where is the configuration setting to be done for carrying out
    revaluation of planned activity prices in various cost objects?
    The configuration setting is to be done in the cost center accounting
    version maintenance for fiscal year. This has to be maintained for version
    0. You need to select revalue option either using own business
    transaction or original business transaction.
    At month end you calculate actual activity prices in the system.
    You want to revalue the production orders with this actual activity
    prices. What are the options available in the system for revaluation?
    The options available are as follows:-
    You can revalue the transactions using periodic price, average price or
    cumulative price.
    Further you can revalue the various cost objects as follows:-
    Own business transaction – Differential entries are posted
    Original business transaction – The original business transaction is
    changed.
    Internal orders
    What is the purpose of defining Internal orders.?
    An example would help us understand this much better.
    Lets say in an organization there are various events such as trade fairs,
    training seminars, which occur during the year. Now lets assume for a
    second that these Trade fairs are organized by the Marketing cost center
    of the organization. Therefore in this case marketing cost center is
    responsible for all the trade fairs costs. All these trade fairs costs are
    posted to the marketing cost centers. Now if the management wants an
    analysis of the cost incurred for each of the trade fair organized by
    the marketing cost center how would the marketing manager get
    this piece of information across to them? The cost center report
    would not give this piece of info
    Now this is where Internal Order steps in .If you go through all cost
    center reports this information is not readily available since all the costs
    are posted to the cost center.
    SAP, therefore provides the facility of using internal orders which comes
    in real handy in such situations. In the above scenario the controlling
    department would then need to create an internal order for each of the
    trade fair organized. The cost incurred for each of the trade fair will be
    posted to the internal orders during the month. At the month end, these
    costs which are collected in the internal order will be settled from these
    orders to the marketing cost center. Thus the controlling person is now
    in a position to analyze the cost for each of the trade fair separately.
    Thus internal order is used to monitor costs for short term events,
    activities. It helps in providing more information than that is provided on
    the cost centers. It can be widely used for various purposes .
    How can you default certain items while creation of internal order
    master data?
    You can do so by creating a model order and then update the fields
    which you want to default in this model order. Finally attach this model
    order in the internal order type in the field reference order.
    Once the above is done whenever you create an internal order for this
    order type the field entries will get copied from the model order.
    What is the configuration setting for the release of the internal
    order immediately after creation?
    You have to check the “release immediately” check box in the
    internal order type.
    Product Costing
    What are the important Terminologies in Product Costing?:
    Results Analysis Key – This key determines how the Work in Progress is
    calculated
    Cost Components - The break up of the costs which get reflected in
    the product costing eg. Material Cost, Labour Cost, Overhead etc
    Costing Sheets - This is used to calculate the overhead in
    Controlling
    Costing Variant - For All manufactured products the price control
    recommended is Standard Price. To come up with this standard price for
    the finished good material this material has to be costed. This is done
    using Costing Variant. Further questions down below will explain this
    concept better.
    What are the configuration settings maintained in the costing
    variant?
    Costing variant forms the link between the application and Customizing,
    since all cost estimates are carried out and saved with reference to a
    costing variant. The costing variant contains all the control parameters
    for costing.
    The configuration parameters are maintained for costing type, valuation
    variants, date control, and quantity structure control.
    In costing type we specify which field in the material master should be
    updated.
    In valuation variant we specify the following
    a) the sequence or order the system should go about accessing
    prices for the material master (planned price, standard price,
    moving average price etc).
    b) It also contains which price should be considered for activity price
    calculation and .
    c) How the system should select BOM and routing.
    How does SAP go about costing a Product having multiple Bill of
    materials within it?
    SAP first costs the lowest level product, arrives at the cost and then goes
    and cost the next highest level and finally arrives at the cost of the final
    product.
    What does the concept of cost roll up mean in product costing
    context?
    The purpose of the cost roll up is to include the cost of goods
    manufactured of all materials in a multilevel production structure at the
    topmost level of the BOM(Bill of Material)
    The costs are rolled up automatically using the costing levels.
    1) The system first calculates the costs for the materials with the
    lowest costing level and assigns them to cost components.
    2) The materials in the next highest costing level (such as semifinished
    materials) are then costed. The costs for the materials
    costed first are rolled up and become part of the material costs of
    the next highest level.
    What is a settlement profile and why is it needed?
    All the costs or revenues which are collected in the Production order or
    Sales order for example have to be settled to a receiver at the end of the
    period. This receiver could be a Gl account, a cost center, profitability
    analysis or asset. Also read the question “What is a cost object “ in the
    section Controlling.
    In order to settle the costs of the production order or sales order a
    settlement profile is needed.
    In a settlement profile you define a range of control parameters for
    settlement. You must define the settlement profile before you can enter a
    settlement rule for a sender.
    The Settlement Profile is maintained in the Order Type and defaults
    during creating of order.
    Settlement profile includes:-
    1) the retention period for the settlement documents.
    2) Valid receivers GL account, cost center, order, WBS element, fixed
    asset, material, profitability segment, sales order, cost objects, order
    items, business process
    3) Document type is also attached here
    4) Allocation structure and PA transfer structure is also attached to the
    settlement profile e.g. A1
    The settlement profile created is then attached to the order type.
    What is Transfer or Allocation structure?
    The transfer structure is what helps in settling the cost from one cost
    object to the receiver. It is maintained in the Settlement profile defined
    above.
    The Transfer structure has 2 parts:
    a) Source of cost elements you want to settle
    b) Target receiver whether it is a Profitability segment or fixed asset or
    cost center
    So basically for settling the costs of a cost object you need
    to define the Transfer structure where you mention what
    are the costs you want to settle and the target receiver for
    that.
    This information you fit it in the settlement profile which
    contains various other parameters and this settlement
    profile is defaulted in the Order type. So every time a
    order is executed the relevant settlement rule is stored
    and at the month end by running the transaction of the
    settlement of orders all the cost is passed on to the
    receiver
    So to put in simple terms:
    a) You define your cost object which could be a
    production order a sales order for eg
    b) You collect costs or revenues for it
    c) You determine where you want to pass these costs or
    revenues to for eg if the sales order is the cost object
    all the costs or revenues of a sales order could be
    passed to Profitability Analysis
    What do you mean by primary cost compon

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    If anyone have the Material for above topics, please send me my mail Id: [email protected]
    if anyone appeared recently for certification for the same code, please send model questions and answers.
    i will be very thankfull to you.
    Regards,
    Satyaprakash

    Hi
    I am also writing SAP-FICO Certification for Financial Accounting with mySAP ERP 2005.
    Request you to send me whatever the material you have in this regard.
    thanking you in advance
    Suri

  • IMG Menu is not showing Financial accounting New in ECC 6.0

    Hi
    We have completed a technical upgrade from 4.7 to ECC 6.0 but IMG menu of ECC 6.0 is not showing financial accounting new.I believe financial accounting new is the integral part of ECC 6.0 and both the menu Financial accounting and financial accounting new should show.
    If anybody has face this issue,Please respond
    Regards
    Gaurav

    Hi Markus,
    I do have access to u201CActivate New General Leader Accountingu201D but help of this node says below points:
    The functions for new General Ledger Accounting become available.
    In the SAP Reference IMG, the previous Financial Accounting menu is replaced by the Financial Accounting (New) menu. Under Financial Accounting Global Settings (New) and General Ledger (New), you can make the settings for New General Ledger Accounting.
    You activate the tables of new General Ledger Accounting so that your posting data is written to them.
    Caution:
    If you already use classic General Ledger Accounting in your production system, you need to perform the migration of this data before you activate New General Ledger Accounting. Migration is only possible as part of a project. For more information, see the documentation in the SAP Library under Accounting -> Financial Accounting -> General Ledger Accounting (New) -> Tools -> Migration.
    I guess this tab is use at the time of going for the functional upgrade which I believe a separate project. We only want to have that both the node u201Cfinancial accountingu201D and u201Cfinancial accounting newu201D should appear.
    Please suggest if you have any idea or any person who had faced the same kind of problem in past.
    Regards
    Gaurav Agarwal

  • Not possible to reverse the document in financial accounting

    Not possible to reverse the document in financial accounting
    Message no. F5673
    Diagnosis
    Document '5000082' in company code '1000' should be reversed.  However, this document was not posted in the Financial Accounting module, VBRK is, rather, of type ''.
    System Response
    Documents which were not originally posted in Financial Accounting also cannot be reversed in Financial Accounting.
    Procedure
    Reverse the original transaction.  You can display the original document from the FI document via 'Environment' -> 'Original doc.'.

    Proabably you are using Billing
    Reverse at VF11 - Cancel
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  • Closed Fiscal Year in Financial Accounting

    Hi!
    I need create a used asset in 2009. It is a asset that was not uploaded in go-live.
    I tryed transation AS91 but show me the message AA669 (Fiscal year 2009 is already closed in Financial Accounting).
    How I can upload this asset in AA without change accounting data? This asset is shutdown, so I dont need depreciate.
    I am using SAP ECC 6.0.
    Thanks!

    Hi,
    Please refer to the information in SAP note below which provides all the information you need for a subsequent data upload to FI-AA.
    49563  Subsequent data transfer to FI-AA  
    Kind regards,
    Brigitte

  • Internet explorer is required to access some of my financial accounts; what are the risks?  I am running Mac OS X 10.7.2 on a Mac Pro

    Internet explorer is required to access some of my financial accounts; what are the risks?  I am running Mac OS X 10.7.2 on a Mac Pro
    Message was edited by: 74683msn

    Advisable is irrelevant...  It is not possible.  There has not been a version of IE for Mac for a long time.  You will have to load Windows on your Mac in order to run IE, or try making your browser mimic IE.  (In Safari, go to Safari -> Preferences, click the Advanced tab and check the box to show the Develop menu.  Then, in that menu, choose User Agent -> Internet Explorer x.0.)  Note that doing that will not work if the site relies on some weird non-standard feature of IE that no other browser on the planet has.

  • Logical System for Financial Accounting FI lacking; information systems

    Hello,
    we`ve got a problem with the creation of a SC. After the selection of a product (doesn`t matter if it`s a "free text", good or service), we got always the following Error:
    "Logical System for Financial Accounting FI lacking; information systems"
    I`ve already checked the attribute "ACS" in PPOMA_BBP and the RFC-Connections. Have anybody an idea, what i can do else or where i can get further information about this error (like System Log,...)?
    Regards Jochen

    Hi Jochen,
    Kindly check the following SPRO settings in your system
    1. SPROSRM ServerTech Basic settings--Define backend system for Prod category. (Ensure that your category which you are using in your SC is defined here with source/target system)
    2. SPROSRM ServerCross App Basic Settings--Define Objects in backend systems. (Ensure that Purch grp, prod category, source system, and PO details are maintained here)
    3. SPROSRM ServerCross App Basic Settings--Define G/L account for prod category. (Ensure that your Prod category, Source system, Acct assgnmt categry and G/L account are maintained)
    Pl check the above and revert back.
    Regards,
    Nikhil

  • Fiscal year 2009 is already closed in Financial Accounting

    Dear All,
    we have done all  depreciation postings for 2008. we have closed 2008 in OB52 and as per OAAQ 2007 is closed. I want to change depreciation key / shift factor for 2009.  when am trying to change the costcenter it is allowing me But  if i  try  to change shift factor/Depreciation key/variable depreciation portion in Asset master, systerm is throwing error....
    Fiscal year 2009 is already closed in Financial Accounting
         Message no. AA 669
    Diagnosis
         You have initiated a recalculation of asset values for fiscal year
         However, fiscal year 2009 is still open is Asset Accounting, but no
         Financial Accounting.
    System Response
         Due to this inconsistency between the General Ledger and the the
         subsidiary ledger, processing is terminated.
    As per my reqirement i want to change depreciation key / shift factor for 2009. If i open 2008 in FI to change dep key it is recalculating values for 2008 and 2009 also. But it should not change the values in 2008. pls suggest me ......
    Rgds
    Swathi.
    Edited by: swathi fico on May 18, 2009 12:50 PM
    Edited by: swathi fico on May 18, 2009 12:50 PM

    Hi
    As you said
    we have done all depreciation postings for 2008. we have closed 2008 in OB52 and as per OAAQ 2007 is closed. I want to change depreciation key / shift factor for 2009. when am trying to change the costcenter it is allowing me But if i try to change shift factor/Depreciation key/variable depreciation portion in Asset master, systerm is throwing error....
    Fiscal year 2009 is already closed in Financial Accounting
    You have initiated a recalculation of asset values for fiscal year
    However, fiscal year 2009 is still open is Asset Accounting, but no
    Financial Accounting.
    System Response
    Due to this inconsistency between the General Ledger and the the
    subsidiary ledger, processing is terminated.
    For Fixed Assets , both 2008 and 2009 fiscal years are open , but in Financial Accounting 2009 fiscal year is also closed. Go to OB52 and open the 2009 fiscal year of FI , so that your issue will be resolved.
    Regards
    Venkat

  • Financial accounting Letter of credit

    Dear All,
    Please help me out.
    How to post the statistical posting like letter of credit in sap and what sp gl config we have to do?
    Thanks & Regards,
    Bhadresh V. Shah
    9967649163

    Hello
    Guarantees made are shown in the notes to the balance sheet. Guarantees received, however, are not displayed on the balance sheet. Nevertheless, it is a good idea for internal purposes to have an overview of the guarantees that you have received. In the SAP system, therefore, you can manage guarantees made and received separately from other business transactions - as special G/L transactions.
    Processing Guarantees in the SAP System
    In the Financial Accounting application component, you use a special function to post guarantees. When you enter a guarantee, you merely enter the account assignments for posting to the customer or vendor account. The offsetting entry is always made to the same offsetting account, a clearing account. This is carried out by the system.
           1.      You post a guarantee made to your customer’s account.
           2.      The system makes the offsetting entry automatically to a clearing account.
    Transactions where the system always makes offsetting entries automatically to the same account are called statistical postings, since they are generally not displayed on the balance sheet or only in the appendix. For example, guarantees received are not displayed while guarantees made are displayed in the appendix of the balance sheet because of the liability to recourse.
    You require the following to post guarantees:
    ·        Separate special G/L accounts for guarantees made and guarantees received.
    For more information, see Special G/L Accounts
    ·        Clearing accounts for the offsetting entry
    For more information, see Clearing Accounts
    ·        Posting keys for the offsetting entry
    These posting keys are already defined in the system.
    Clearing Accounts
    To make an offsetting entry for a guarantee posting, you create the clearing account and define the account number in the system for the automatic posting. You must specify the clearing accounts separately for each chart of accounts. You can differentiate the accounts per debit and credit postings. Since the automatic offsetting entry procedure can be used for any special G/L transactions, you can also differentiate the accounts per account type via the special G/L indicator.
    You post guarantees made and received in your system. Additional transactions can also be configured for which an automatic offsetting entry posting is necessary. This enables you to post interest receivables to the same account for example. You would then differentiate your clearing accounts according to the account type and special G/L indicator.

  • Non Financial Accounts,and Balance,Balance Recurring,Types of data and type

    Hi Can Any one make me clear for the following?
    1.In HFM Account Types we can find Balance and Balance Recurring what it means? is it completely relating to Finance and Accounts Topics? if so give me few good examples to
    understand as regards to HFM where this need will come?
    2. What are Non Financial Accounts we use in HFM? do we use to load?i if so what is the format like Excel or Data form?
    3. What is Head count? what its purpose in relation to HFM? in what situations we have to think and recall about this, mean to say by doing which HFM Activity we can Understand
    about this Simply?

    1) Balance and Balance Recurring types contain data that does not accumulate from one period to another, and do not translate. Headcount is typically a balance, as is Square Footage, for reporting real estate information, for example.
    2) Non financial accounts are typically those which are not currency-related, such as headcount, units sold, number of customers, days sales outstanding, number fo new customers, etc. The entry of this data can be any way other data is loaded - either directly via load file into HFM, through forms, grids, journals, smart view, or FDM, among others I'm sure.
    3) Headcount is often a metric for growth. It is often used in ratios, such as revenue or margin by headcount. Even if you acquire a company, there remains a ratio between revenue and headcount, so it's a good metric for organic and acquired growth.
    --Chris                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           

  • F.03(Financial Accounting Comparative Analysis)_SAPF190

    Hello Friends,
    What is the use with F.03?
    I have executed this report for one of my company code. Group currency has maintained additionally to Company code currency. it is showing differences for every GL. Why it is showing i don't understand. i have read documentation of this program but actually in my company code, it is showing differences for every GL.
    what could be the reason and tell me what is the use to execute this program.
    Thanks
    Swapna

    Hi,
    Go to F.03 & click on " i " icon. It is help file which explains the purpose of this program in Details.
    In brief the purpose of this program is
    The program carries out an extended reconciliation within Financial Accounting. As part of G/L month-end closing, the following consistency checks are performed:
    1. Debit and credit transaction figures from customer, vendor, and G/L accounts are compared with debit and credit totals from posted documents (previously a function of program SAPF070).
    2. Debit and credit transaction figures from customer, vendor, and G/L accounts are compared with debit and credit totals from application indexes (secondary index).
    The application indexes are used within the system for accounts managed on an open item basis or for line item display.
    The description of error message will help to understand why there are any differences in accounts.
    Hope this clarifies your query.
    Let  me know if you require some more details on it.
    Regards,
    Sheetal

  • Financial accounting

    Could u please provide financial accounting flow charts (graphic level). with detail flow charts general ledger,accounts payable, accounts receivable, asset accounting

    Venkat,
    GL, AR, AP and AA are all sub modules with in the FI module of SAP. I donot have any pictorial diagram for data flow ween these ... Howvever I am putting my thought process below.
    GL: The central task of G/L accounting is to provide a comprehensive picture for external accounting and accounts. Recording all business transactions (primary postings as well as settlements from internal accounting) in a software system that is fully integrated with all the other operational areas of a company ensures that the accounting data is always complete and accurate.
    Essentially, the general ledger serves as a complete record of all business transactions. It is the centralized, up-to-date reference for the rendering of accounts. Actual individual transactions can be checked at any time in realtime processing by displaying the original documents, line items, and transaction figures at various levels such as:
    Account information
    Journals
    Totals/transaction figures
    Balance sheet/profit and loss evaluations
    AR, AP are the subsidiary ledgers of GL. All the postings of these subsisdiary ledger are simuultaneously updated in GL through the linkage of reconciliation accounts.
    Hope this is clear.
    Rgds
    Manish

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