While doing fi integration with mm & sd what is the role as a fi consultant

Question

Dear Friends Good Morning,
While doing FI Integration with MM & SD what is the role as a FI Consultant?
Plese let me  know what is the configuration need?  plese reply me as early as possible
its veryhelpful for me.
Thanks in advance,
        babu

Answer 1

Hi
As a FI Consultant should know the FI-MM & FI-SD Integration process.   The following Q&A will be useful and FI Consultant has to configure both MM & SD related process based on the requirement.
FI-MM-SD Integration
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.
Q: what level is the FI-MM, FI-SD account determination settings?
A: They are at the chart of accounts level.
Q: What are the additional settings required while maintaining or
creating the GL codes for Inventory accounts?
A:  In the Inventory GL accounts (Balance sheet) you should switch on the
u2018Post automatically onlyu2019 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.
Q: What is Valuation and Account assignment in SAP?
A: 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
Q:  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 u2018Automatic postingsu2019 in SAP
for the specific G/L accounts.
A:  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.
Q:  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 criteriau2019s
then it will look for Material account assignment grp/Account key.
4) If it does not find accounts for the all earlier criteriau2019s 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.
All the best.
Regards
GB