Doubts in fico

hi sap guru's
can you send me answers for below questions
In APP why we will give the next run date (in general we will
give tomorrow's date as next run date) even though it is optional ?
Difference b/w grace period and minimum days in arrears in dunning configuration?
Where group chart of accounts assigned. what is purpose and use of country specific chart of accounts in sap?
What warning the system will give while we configuring asset accounting in live system?
What is smoothing and depreciation cycle in asset accounting?
What is the organizational structure in asset accounting?
What is account clearing?
What is use of asset sub number , why it is used in sap?
While maintaining depreciation key why we will assign all the methods( declining balance method, period control method) to one depreciation key even though system will calculate dep. for one method only?
In APP , how the wire transfer method will be configured ?
What is business process of the client?
What are the min. required fields to maintain master data in sap?

Hi Raju
"Where group chart of accounts assigned. what is purpose and use of country specific chart of accounts in sap? "
The Answer for the first part is -
Group Chart of accounts is assigned in operating Chart of accounts (T code OB13) and the Group account is given in Chart of account segment of FS00.
The answer for Country specific chart of accounts -
Country Specific Chart of accounts is assigned where you assign your Operational chart of accounts to your company code. The purpose is to comply with the legal requirements of the land in which company is registered. The Country Specific account is assigned in Company code segment of FS00
 "What are the min. required fields to maintain master data in sap? "
The masters in SAP are divided into parts for
ex --- your GL accounts -- it contains two parts
 1. Chart of accounts-- can be used by any Company Code
 2. Company code segment-- only used by the assigned company
 your costomer master
 1. General data
 2. Company code data
 3. Sales organisation data
 like wise is your Vendor data and Asset master data etc.,
and the requirements of General data differs from master to master

What is use of asset sub number , why it is used in sap? 
The use of asset sub numbers is have track of assets which i use to maintain or run my main asset. you main asset is represented by 12345-0 ( note the Zero ) and your sub asset is represented by 12345-1 ( note the One ) . these sub numbers can be either internal numbers or external numbers.
Regards
KM Naidu

Similar Messages

Change standard program

Hi to all,
I have small doubt in FICO. This is the package RTTREE.
In this package one of the transaction code is S_ALR_87012080, for selection special sales.But we want in profit centerwise.But this is not a report .this is function module.We change in main program selection screen and modifications in that program.I dont know which the main program.Please help me...

Hi Geetha,
Could'nt understand ur requirement.
Why would u go for change std prog.
The Main Prog is GP3UY9IGAXMOO2L34YDABO5A8SX.
In Tcode S_ALR_87012080
to see the Selection screen
see include
INCLUDE RKDBATSE.
INCLUDE RKDBATSE1.
INCLUDE RKDPRESENTATIONTYPE.
Instead of modifying the standard one, U can use report painter to get profit centre wise detail report.
If it is helpfull pls reward pts.
Regards
Srimanta

Sap fico payment doubts?

Dear Sap gurus,
i have doubt ,company abc in india, currency inr,vendor in america currency usd,and vendor bank account in singapore currency sinpore currency.now i want make payment to that vendor through app .how can i make this payment and also what are required configuration for this execution .Please say as early as possible freinds?
Regards
venkat

Hello Dogboy 49,
Thanks for your last answer.
Now I´m facing a problem... I´m trying to install SAP SCM 7.0 EHP3 to do this I downloaded the Software Provision Manager 1.0 (SWPM) the latest version the SP05 and as it mentioned in installation guide and also in sap note 1680045 - Release Note for Software Provisioning Manager 1.0 SP05 I downloaded the 70SWPM*.SAR file. When I started the SWPM I don´t see in there any installation option specific to install the SAP SCM 7.0 EHP3, I don´t know where is it! I only see in there the installation option for SAP SCM 7.0 EHP2 and EHP1 as you can see in the following image:
Can you tell me where is the installation option for SAP SCM 7.0 EHP3? Can you help me please?
Thank you,
samid raif

Doubt in BAPI abt FICO

Hi All
I had posted the document in FICO but corresponding to that i m trying to execute BAPI_ACC_DOCUMENT_POST but i m facing some problem i had given all the mandatory values in BAPI but some error is coming in Obj Type field..
when i posted the document some details are auto generated in which reference transaction is also there but when i m using that value in the bapi error is getting generated--- error in document : BKPF is not the correct value & no item information transferred into Account
pls solve my problem its urgent..
Thanks
Anushree

Hi,
If have the desire to learn FICO, first you try to understand the business process in financial terms.
Its not that much tough in financeial side, you try to learn Finace from scratch.
All the best for you...
Venkatesh.

Basic FICO doubt regarding posting expenses....

Hi,
I am an ABAPer. I have a basic FI doubt. We are using Project system in our company. Now for expenses, the employee enters the data in third party systems. Th third party systems then provide us with the data file which will be posted in SAP.
The business says that if a given expense by an employee, has Project status released, then the amount for that expense should be posted to cost center otherwise the amount for that expense should be posted to the project(WBS).
Now what does business people mean by posting expense amount to cost center or posting expense amount to Project (WBS). Where in FI can I see the option of posting amount to cost center versus posting amount to project ? Is there any transaction we can do that ?
Regards,
Rajesh.

when you post to wbs element it is a cost collector which can be settled later, where as cost center is a department. When you have a project, it has on going expenese instead directly posting to a cost center , you are collecting costs in a wbs element and settling it later to cost center. you can post to the wbs element same way as cost center.

Doubt in doing SAP FICO

Iam a master's student in itm from chicago.I dont have background in accounts.I am willing to do sap fico course and find career in this.Can i proceed since i dont have knowledge in accounts.

Hi,
If have the desire to learn FICO, first you try to understand the business process in financial terms.
Its not that much tough in financeial side, you try to learn Finace from scratch.
All the best for you...
Venkatesh.

FIco implementation doubts

Hi,
As a fico consultant, what all information i need to gather from the client before starting the configuration part,this company is a Marble manufacturing company.
plzz help me in this concern
regards,
Sunny

Hi,
The only thing I can say is "Ouch". This is a very broad question, in fact it is not even a question but a request for a 5 weeks training session.
If you have theoretical knowledge of SAP FI/CO, then ask questions which will help you to configure SAP so that they can carry out their transactions and also get their financials from SAP.
The first and foremost part is to understand which submodules of FI/CO would be needed. If they are marble miners then I guess the following areas are relevant: GL/AR/AP/Banking/Asset Management from FI and CCA/PC/PA/PCA in CO. Other than that you will also need to cover integration scenarios from Sales, materials management, production and quality management, unless this is a pure FI implementation.
The size of the company should also give you an idea of how elaborate you would want the implementation to be..
Cheers

Doubts in FI/CO

Hello Experts,
I have some doubts in Treasury of FICO. Can some one explain me clearly.
1) What are the topics that come under Treasury?
2) What is Value Date in Cash Position?
3) What is Memo Records in Cash Position?
4) What is Check Deposit in Cash Management and how is it different from Lockbox?
Points will be awarded definitely........
Regards,
Sriram

Hi:
The topics in Treasury are
Cash Management
Cash Budget Management
Market Data Management
The cash position provides bank balances by value date (bank transaction date), cash position covering the next few days, and control over outstanding (open item) checks.
As manual memo records are usually created during preparation of the liquidity status as a parallel or supplementary activity, this flow uses the liquidity analysis started in the previous section as a starting point for the creation of the memo record. Within the liquidity display you can branch at any time to memo record maintenance, regardless of the summarization level
In Cash Management Check Deposit explains how you determine the average period outstanding on your checks for each outgoing checks account and for each vendor by means of the outgoing checks account and report programs RFSRUE00 and RFSRUE10.
The basic operation of a lockbox system is fundamental to large businesses but is almost transparent to those without some knowledge of corporate treasury operations. The objective of a lockbox operation is to have the customer remit a payment check to a local post office box to minimize mail transit time. The checks are processed by the bank on a daily basis and the funds collected are usable by the receiving business much quicker than with the traditional process. The illustration below shows the basic operation of the lockbox and how SAP fits in.
Please let me know if you need more information.
Assign points if useful.
Regards
Sridhar M

From SAP ABAP to SAP FICO consultant

Hi Experts,
Hope you all are doing good in your area.
I want your guidance for my sap career ahead .
I have 4 years of experience in SAP as an certified ABAP Consultant.
With this year of experience I have worked on technical developments of SAP PP/MM/FICO/SD modules.
Now I want to move as an Functional Consultant for FICO module .
I had started working on the same.
But my doubt is whether I can go ahead as SAP FICO(ABAP) consultant .
I have programming background ,PG in Computer Application.
What are recruiters criteria for the same .
Can I go ahead as SAP techno functional consultant (ABAP/FICO).
Need your guidance .
Regards,
Jeet

hi Jeetendra,
I definitely see no harm in trying to be a FICO Consultant who knows ABAP (or vice-versa). I've seen some really crazy requirements come from recruiters and this combination was one of them.
Just to give you an idea, I've recruiters asking for ABAP with BASIS, ABAP with SOA experience, ABAP with SCM, ABAP with PP-DS, ABAP with SLT etc apart from clubbing ABAP with any of the core Functional Modules.
So yeah, if FICO is your "thing" and you think it will be a cake-walk then go for it.
pk

FICO scores with 1 vs 2 cards out of 9 with balance

I got a little sloppy with my balances and accidentally had a second report (while in mortgage process, for shame I know) and decided to spend $41 in the name of "science" since we've been debating this for longer than I've been on the forums at any rate. 5/24: 1/9 cards with balance. $43/1000 individual balance, $43/34600 aggregate balance (and a Zync in a Pear Tree) 5/29: 2/9 cards with balance. $43/1000 and $86/8400 individual balances, $129/34600 aggregate balance (same Zync at $0 discounted from limit) Data speaks for itself, am a little surprised personally by the findings but if we trust the 3B scores as reference, well... I'd seen this played out on FICO 8 with my balance fun over time though not rigorously tracked, but here's two point in time snapshots over the entire suite of scores we have access to on MF. Disclosure: I have a dirty file still, clean file may not exhibit same behavior on the anecdotal evidence that every little hiccup counts for comparitively more if you're gold-plated. Also the scores are listed as they are in the MF additional scores interface, if a translation is needed to the bureau name for it, that can be provided. Score24-May29-MayEQ 8690690EQ 5700700EQ Auto 8701701EQ Auto 5697697EQ Bank 8705705EQ Bank 5721721 TU 8706706TU 4731731TU Auto 8728728TU Auto 4746746TU Bank 8723723TU Bank 4745740 EX 8712712EX 2725725EX Auto 8717717EX Auto 2741741EX Bank 8726726EX Bank 3697697EX Bank 2739739

StartingOver10 wrote:
Revelate wrote:
jamie123 wrote:
About 5 months ago I had my scores all nice and groomed. One card was reporting 5% of its CL all others $0. Then I screwed up and bought a $2.99 app on my cell phone and forgot it was charged to one of my $0 cards. The card reported a $3 balance and I lost 3 points. So for me, $3 on a second card equals 3 points! That's why I tested this time with a relatively high balance card reporting. I wanted to see what worse case scenario would do. So I had one card at 5% of its CL and the "test" card reporting at 71% of its CL (Still 5% total UTI) and I lost 6 points.Hmm, didn't see a breakpoint at 73% when I tested it once, but I'm really leaning towards getting the silly SDFCU secured minimum limit card and see if I can try to isolate individual balance scoring with an otherwise pristine report. Depending how much furniture I wind up financing Wonder what it says when you get an offer accepted on a new place, and you're looking around your current domicile thinking: I'm not moving any of this junk. Part of it I know I bought as throw away junk several years ago but realized when I was doing a quote for home owners insurance, if I'm not counting it for dollar value in the total loss scenario, probably not worth keeping heh.I am laughing....I moved in Feb 2015 and did the exact same thing. Looked around and said - Hey, I'll just get some new furniture rather than moving the old stuff! That's how $16k ended up on my cc's for a few months (Mar was first month, will be paid off by Aug) but I tanked my scores.... And FWIW it doesn't save as much time as you think it will save. But it is nice to have a new place with new decor I'm sure you will love getting yours together...I wasn't worried about the time so much (I really haven't got much, I'm usually pretty good at cleaning out detritus from my life), was just more if I don't care about it, I should buy something I do care about. I have been living in the bottom floor of a dark, rare does it get natural sunlight apartment. Just realized looking around when doing the homeowners insurance I fell into building around a couple of random furniture pieces I picked up and there's a lot of dark tones everywhere... and I absolutely don't need to take that with me. Actually it would feel wrong in the new place. One of the things I really liked in the condo was top floor and a lot of natural light, so I'm thinking unless I bought it to keep forever (bed, entertainment pieces) just give it away to the other apartment denizens and fill the new place with lighter "happier" tones. I don't even need my portable air conditioner hah, the other side of the hill by the Pacific doesn't get the temperature spikes nearly as much and I doubt the new place holds heat appreciably. So yeah, new place after 10 years, psychologically it's worth spending the money for a clean start. Really isn't that much, I need a table and chairs, a couch, and something to sit the TV on and entertainment stuff into. Realistically that's maybe like 10K max if I go 1st/2nd tier on the high but-not-absurd end and spending more than that... I'm doing something really wrong, plus if I pick well this goes under the keep forever or until it breaks category I buy the stuff I care about under under typical amortization-style math. Everything else, pictures, painting knockoffs, plants, can be added later, and figure if I ever do get to the theoretical wife she'll almost assuredly have a much stronger opinion than mine and I don't really care about decor so she can do it all other than I get a veto of a depressing color tone . It'll also be an interesting test, other than my installment loans I've never been in debt previously, not once, anywhere in my life. Floating some credit card debt on Cap 1 / Discover 0% promos, I sort of want to see how I react to it emotionally. Rationally I know it makes sense but hard to say how I'll feel about it seeing the balances and not PIFing them off. Better to know that now, even if it's not 1:1 to the conserving cash because of financial stress scenario, it is a change which wouldn't want to be surprised by if the fecal matter ever does hit the air circulation device.

Discover IT CLI+My first FICO score!

I tend to write too much - so...TL;DR: $3,000.00 CLI via the luv button for Discover - no HP needed! Also got first FICO score from Discover of 733! There are a few questions at the bottom of the thread, so please take a look if you are so inclined! As my sig says, I started my credit journey from a blank file in February of this year - I am 21 and decided that it was time to start building credit. I was approved for a Discover IT card with a limit of $1250.00 (other cards that I got at the same time are in the sig). The concept of credit was completely new to me, so I haven't really put a whole lot on any of the cards that I received since February. I have kept an eagle eye on util+bal reporting per advice from this forum, though. I've been testing out the luv buttons on CapitalOne and Discover sporadically for the past few months - Discover always wanted an HP, so I would back out, and I didn't really take the time to actually look at CapitalOne's (I'm in the Credit Steps thing, though, so I didn't think they would approve a CLI until that is completed next month or so). I wasn't expecting to get a FICO score from Discover until September or October, so imagine my surprise when I saw that it had me with a 733 from July 20th! After that, I just decided to try the luv button on Discover again - I was approved instantly for a $3,000.00 CLI, no HP needed! That totally floored me! I've been scared to put things on the Discover card, so I wasn't really sure that they would pay any attention to my file - apparently they liked what they saw enough. This forum has been a great help (even though I've never really posted anything) - without the many posts of advice here, I doubt I would have even had the courage to apply for any credit card, so thank you all! I do have a few questions: 1) From what I gather, Capital One's CLI given at the end of the Credit Steps program is somewhat of a random chance - has anyone tried hitting the luv button before or just after getting an increase from that program to see if an additional CLI can occur? 2) I do check pre-qual websites every so often - for the past few weeks, I have been getting pre-quals online for Chase Freedom and Slate from Chase.com's pre-qual page. I wasn't expecting to see anything until about October or so for those types of things - I do bank with Chase, so it could be that they're using additional criteria, but do you think that I should apply for Freedom now and risk rejection or a small SL? I've heard that Chase's pre-quals are usually sound. I had been planning on waiting until closer to the end of the year to apply, though. I was turned down for Freedom in February for no credit history, so I'm hesitant to try again so soon - OTOH, I know Chase just likes to see good payment history, and then you're golden with them...I guess I am just wondering if 4 or 5 months is really enough for them. In the long run, I'd like to get Freedom and Sapphire Preferred together, as they are both wonderful cards. 3) I am having trouble formulating what to do next. I don't want to apply for cards just for giggles. OTOH, I'd like to get as much established as possible ASAP so that all of my accounts can age together (barring future decisions). I don't really spend a whole lot - it's mind-boggling to me to even have access to thousands of dollars that you don't technically have to repay right away, so I guess I am just having trouble trying to figure out which cards interest me and how to get ahold of them. How did everyone else start out in credit, really? I wonder if I should just wait for awhile... For anyone who has read this whole thing - thank you!!!

Congratulations on the CLI!
1.) I've had my Cap1 card since December 2012. After the credit steps increase of $250 I had a $500 CL. I got one additional CLI of $2k which brought it to $2,500. They have denied every request since then for a CLI, even the EO will not give me one. They had no problems giving me a $3k QS or $7.5k Venture though. 2.) From what I've read on here, Chase pre-quals are one of the better ones, but I have no experience as mine were cold apps. A low limit with Chase isn't the end of the world though, I got my Freedom in February of last year with a $500 limit as my third credit card, and less than a year and a half later it's my highest card with a $10k limit. You already have a rotating 5% card, but there's nothing wrong with wanting both! 3.) No one can tell you exactly where to go from here, it depends on how you tend to use your cards. Some of the cards I went for that remain my go-to cards would be Synchrony Amazon.com card for 5% off of everything on Amazon, or 0% 6, 12, 24 mo. financing on purchases of $150+ all the time, and frequent CLI. Another was Barclays Ring card because it has a flat low 8% APR for a low-interest card. Kohls for 30% coupons. Citi DoubleCash for a 2% cash back card. Discover/Freedom for my 5% rotating categories. Most of my other cards never get used! I started out with Cap1, and then ended up financing a laptop with the Barclay Apple Financing Card, and from there have been apping for the cards I want and closing the ones that no longer fit my needs or combining credit limits. In the end I'll end up with prime cards I like that can age. I was actually able to get approved for a loan on a brand new car without a co-signer just from the history on my credit cards. Good luck with your credit journey!

Getting into a job as FICO consultant

Hi Friends!
This is Srikanth From Hyderabad. I Have Completed B.Tech(ECE) in the year 2007 and Currently Pursuing MBA(Finance & Marketing) from OU, a Part-time Course. I am Currently undergoing a Course in SAP FICO in nine apps software services in ameerpet,hyderabad. my doubt is , as i have a gap of 3 plus years of experience can i go a head with fake experience or use my MBA and try for Job as a Fresher in SAP-FICO. But as per my knowledge its very tough to get job as a fresher that too in FICO.what would you suggest me in this regards. Kindly help me out in resolving this doubt as soon as possible.
Thanks & Regards,
Srikanth,
9959634518.

Hi Srikanth,
Please read the rules of posting before posting such queries.
Regards,
Abhisek

Career in SAP Fico

Hi Everyone,
I've done my SAP certification in FICO module. Presenlty working with a consulting company( is not into implementations). I am looking for opportunities in implementation. Even though I ve done audits on SAP system my experience will not be considered. Do have future in implementation ??? Which companies can I look forward to my career opprtunities in implementation ??
Please help me with my doubts.
Regards
Tejashree

HI Teja,
Have you looked at http://www.learnersparadise.com - Last time I checked they had 7-10 instructors offering various SAP courses
to get complete market view on sap fico
see this link
http://www.odinjobs.com/SAP-FICO_job_market_overview.html
thanks
karthik
reward me points if usefull,

Doubt in fbl1n transaction

hi i have a doubt....
in fbl1n transaction, there are open items and cleared items.
in it the cleared items for certain document types such as invoice etc is not present in the open item table (bsik)
however the cleared items for document types such as general voucher its present in the open items table (bsik)
is this possible as all cleared item entries shld b present in the open item table with an indicator set for cleared or not...
plz exlain!

Hi
There are 2 tables(open and Closed Items) in FI for Account Payables and Account Receivables and GL accounts
1.Account payables: BSIK is Open Items and BSAK is Closed items
2.Account Receivables; BSID and BSAD for OPEN and closed items
3/GL accounts : BSIS and BSAS for Open and Closed Items
Reward points for useful Answers
Regards
Anji

How to find out FICO user exits that are used by User

How to find out the FICO user exits that are used by user.

Go to tcode CMOD. In the project field drop down your list there. Put a Z* there and run the list. These should be all the exits that are activated. Search for the ones that pertain to FI. You can also search by development class. You need a little ABAP knowledge to search easily. You get this by going to the tcode then to status then to the program then to the attributes. There you find the development class. Ie FBAS.
pls assign points if helpful as a way to say thanks.

Doubts in fico

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