You use FI COA in order to meet the daily needs of your company as well as the legal requirements of the country.Ī. Another way can be to create different company codes for each business line.Ħ. You can create Business Areas in order to differentiate among the different lines of businesses in the company.
What is the best way to manage transactions originating from different lines of businesses within a company? One of these remains local, while the other two are considered a parallel.ĥ. While not all employees do not have access to the same code, you can configure up to 3 different currencies.
You use the company code before generating the profit and loss statements of your company. By creating and handling such financial records, you also create data that you can use in developing further plans and investments for your company. You use financial statements to manage the financial assets of your company. What is the significance of financial statements within a business? You find four hierarchical components in SAP FI:ģ. In SAP FI what are the components in a hierarchy? SAP CO (Controlling) on the other hand deals with buying orders, stock sheet, cost sheet, cost assignment and other tasks in this category.Ģ. SAP FI (Financial Accounting) deals mainly with fixed assets, accrual, cash journal, tax accounting, general ledger, and other such financial tasks. We use SAP FICO modules within a company to manage financial tasks within an international framework of languages and currencies. Here is a list of the 15 most commonly asked questions for SAP FICO interviews that will hopefully help you get a good idea on what to expect from a job meeting.
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