A material master also contains data that is plant-specific. In MRP, for example, you can define the planning procedure or lot-sizing procedure for each plant. In the area of purchasing, you can, for example, define per plant whether automatic purchase requisitions are allowed or not (using ...
This allows the company to provide reports for the entire corporate group. However, the assignment of group chart of accounts to company code is optional. Was this answer useful? Yes Replysantosh Feb 20th, 2007 in sap fico we have three types of chartof accounts> group chart of accoun...
Off course, we need Master Data of all important objects like GL, Customer, Vendor, Asset, Cost Center, Profit Center, Activity Types, SKF and so on…… but I would keep my focus on transactional data only, as this is what users need to understand. I’ll also not go to the technical...
SAP FICO is an important core functional component inSAP ERPCentral Component that allows an organization to manage all of its financial data. SAP FICO allows an organization to store a complete version of their financial transaction data. Specifically, the purpose of SAP FICO is to help companies...
SAP FICO Stands for FI (Financial Accounting) and CO (Controlling). SAP FICO is the imp module of ERP and both Finance and Controlling modules stores the financial transactions data.The ‘FI (Financial Accounting)’ records, collects and processes financial transactions or information on a real-...
The importance of master data is SAP SD As with all the modules in SAP ECC, everything in SAP SD revolves around master data stored in the system. Storing the master data is required for SAP SD transactions and processing and it must be stored in a specific structure to allow various dep...
FICO What Is the Condition Technique in SAP?by SAP PRESS The condition technique is the most widely used and adaptable methodology used by SAP to assist consultants in configuring complex business rules. These rules are related to pricing determination, output determination, text determination, ...
Business Transactionsin SAP Accounts Payable Once you have the master data in the system available to your vendors, the next logical step is to configure the system. This is to handle the business transactions the way you want to meet your organization’s specific processing requirements. Unless ...
SAP Managed Tags: FIN (Finance) FIN (Finance) Software Product Function View products (1) Dear all, Please can clarify my dough. What is the WRICEF when we use it in FICO Module and how we use Thanks & Regards, Raja Know the answer? Help others by sharing your knowledge. Answer Ne...
Apart from this you need to understand the logic how the data is flowing in the SAP system. Having work experience of 1+ years in the accounting field or any finance related field also will be of some help. Please let me know if you have any queries in specific on this. Thank you @...