Top 15 sap fico interview questions and answers pdf. Financial accounting new special purpose ledger basic settingstablesexecute express installation in this activity, you can perform an express installation for a fisl system. Sap fi module mainly deals with fixed asset, accrual, bank, cash journal, inventory, and tax accounting, general ledger,accounts receivableaccounts payable arap, fast close functions,financial statements,parallel valuations,master data governance. Sap profit center accounting and the special ledger reside in. The functions available in the special purpose ledgers enable you to collect and combine information, create and modify totals, and distribute actual and plan values. This blog is created with the purpose of helping sap financial consultants.
The special purpose ledger is used for statutory reporting or management reporting purpose. Sap abap application component fisl special purpose. It also help us in doing single entry, adjustment posting like income tax deprecation. Sap fico tutorial sap fico is the finance and cost controlling module in sap erp whereas name fi stands for financial accounting and co stands for controlling. Sap fico interview questions and answers technosapdear readers. Sap fico interview questions and answers pdf updated.
In the application component special purpose ledger, you can define ledgers for reporting purposes. Master data how can you link customer and vendor master records and what is the purpose of doing so. Account assignment objects can either be sap dimensions from various applications such as account, cost center. You can create one special purpose ledger that contains cost centerrelated information and another special purpose ledger that contains productrelated information. A special purpose ledger is a collection of data in an fisl database. Finance accounting general ledger a general ledger contains all the transaction details of a company. We are using the special purpose ledger for statutory reporting or mangement reporting purpose.
The new gl functions include parallel accounting, its an sap feature where you. In this step, you can create and maintain a special purpose ledger. The fields which are required for reporting needs to be captured in the object table 1. Sap fico interview questions and answers technosap. This video will guide you through the configuration required to enable the parallel ledger accounting in sap financials new gl account. Sap fico interview questions, answers, and explanations. Prerequisites the functions shared by fisl and other systems depends on the standard ledgers delivered with the various sap applications. Sap reference img financial accounting special purpose ledger tools perform diagnosis 1.
Top 100 sap fico interview questions and answers pdf. Special purpose ledger takes care of tax relevant postings in the april march period. Define table group financial accounting special purpose ledger basic settings tables definition. Sap finance and controlling fico is the most broadly adopted sap modules. Parallel accounting in new general ledger the new gl functions include parallel accounting, its an sap feature where you can maintain different sets of books to satisfy all different requirements of financial statement users accurately, efficiently and effectively. Some software products marketed by sap ag and its distributors contain proprietary software. Sap fico stands for financial accounting and controlling. What is the maximum number of posting periods in sap. Costs of sales ledger, special purpose ledger, the reconciliation ledger or. Data flowintegration with other r3 applications o data flows into fisl from other sap applications like fi, co, mm, sd, etc. The values are transferred to the special purpose ledgers from other sap applications and externalsystems. Activities related to special purpose ledger are not required. Learn how zurich north america implemented the parallel.
Special purpose ledger fisl the flexibility of the finance modules organizational structure gives the module the ability to handle any economic situation. Learn how zurich north america implemented the parallel ledger solution with sap s4hana while transitioning from classic general ledger. Tools business engineer customizing img financial accounting special purpose ledger. It requires that you implement this particular ledger along with the movement types and table groups and then conduct gl postings to see whether the document generated also contain special gl ledger documents. Financial accounting new special purpose ledger basic settings master data ledger define ledger in this step, you can create and maintain a special purpose ledger. Generally payment methods are one digit alphanumeric identifiers that indicate the type of payments made to vendors or received from customers. What is sap fico means, full form or fico stands for financial accounting and co controlling is the best configuration for internal as well as external accounting processes, sap fi offers highly sophisticated means of financial transaction reporting and better handling of accounts while sap co lays emphasis on data for internal users. The special purpose ledger fisl is a receiver system in which you can enter data created in other sap applications. It is an essential module of erp and fi and co modules stores the transactional and financial data. Sapfico general ledger interview questions and answers. Hence no need of transferring data to classic profit center accounting and no reconciliations. These are basically user defined ledgers, which can be maintained either as gl or subsidiary ones with various account assignment objects with sapdimensions such as cost center, business area, profit center, etc. Sap library fi special purpose ledger sap help portal. Can you open a posting period only for a particular user in sap fico.
Special purpose ledger calls for creating a new table group, new ledger and the field movements. Steps to configure special purpose ledgers sap blogs. General ledger figl special purpose ledger fisl travel management fitv sap financials accounting enables to manage financial accounting data within an international requirement of an organization. The data from fi module will be passed on to the special purpose ledger. Sap fico satyanarayana material linkedin slideshare. For example for the uk, the following are predelivered. Standard reports are already available and readily available to use. Pdf sap fico beginner s handbook download full pdf. Special general ledger transactions are transactions that logically belong to accounts in the subledger customer vendor but are not to be posted to the corresponding gl reconciliation account defined in the master record. Sap financial accounting is one the functional module. Concept of general ledger, integration of the g\l accounts in the financial accounting, what are classic gl, what are new gl, gl and subledgers.
It is not a sender system for other sap applications. Special purpose ledgers enable to report at various levels using values from various applicationcomponents. The values are transferred to the special purpose ledgers from other sap applications and external systems. Parallel accounting in new general ledger sap simple docs. The general ledger is used to record all the business transactions in a software system. Pdf sap fico special purpose ledger instructor anil. To view the document posted use the transction code fb03 enter foreign currency transactions.
Instead alternate gl reconciliation accounts allow these transactions to be reported separately on the balance sheet. Sap fico consultant course content 45 hours sap fico course curriculum. In the application special purpose ledger fisl, you can define ledgers for reporting purposes. Special purpose ledger takes account assignment fields from the standard ledgers. Depreciation posting is online instead of batch session. Sap parallel ledger accounting configuration youtube. What variations are possible when defining a fiscal year in sap fico. A similar transaction exists for controlling data, gcu3. What is the purpose of payment methods and where are they stored. For more information see the sap library under financials financial accounting special purpose ledger integration of fisl with other sap applications.
The system performs the express installation for the respective functions using default settings and values. All key functions detailed find all of the major subcomponents of financial accounting with sap erp financials covered here. Financial accounting new special purpose ledger basic settings master data ledger define ledger. Sap fico module comprises sap fi configuration, sap co configuration, sap fi user and sap co user. Here, we have added some product costing in sap overviewproduct costing is one of the important tools in sap environment. It also help us in doing single entry, adjstment posting like income tax deperication. During analytical closing, some firms have to provide specific reports for management decisionsmaking. Sap ag general ledger accounting fi gl april 2001 3 icons icon meaning caution example note recommendation syntax. It acts as the primary record to maintain all accounting details. You have to define your own reports in the report painter reports in special purpose ledger. The program also includes data from special purpose ledger and controlling if the data was generated by transactions in financial accounting. You can find all the configuration details, sap materials, notes, interview questions, new jobs postings and consulting advice. Understand important aspects to be considered during the transition from classic gl. Faq and troubleshooting tips get expert insight into everyday problems and the answers you need.
Sap fico financial accounting and controlling module can be integrated with all other sap modules include material management, sales. You can keep these userdefined ledgers as general ledgers or subsidiary ledgers with various account assignment objects. Using sap transaction gcu1, fi data can be transferred for a particular company code, fiscal year or specific document number range. What is sap fico about sap fico module sap training. Sap fi module deals with the below financial components. Special ledger definition erp financials community wiki. Steps to configure special purpose ledgers special purpose ledger special purpose ledgers are ledgers that you can define for your specific business and organizational requirements.
Special purpose ledger config e books computing scribd. While understanding the concept of sap s4 hana finance ledgers, it is important to know that sap also introduced extension ledger along with leading and nonleading ledger. Whether a smaller organization with a single legal entity or a large organization with numerous companies, consolidations and varying legal requirements, the fi module can support and. There are many standard delivered sap entries for each country. Each ledger uses several dimensions that define a subset. Ledgers in sap s4 hana standard ledger extension ledger. Special purpose ledgers fisl are used in reporting. You can create special purpose ledgers in your fisl system. Sap fi financial accounting is used in external reporting i. Benefits like segment reporting, cost of sale accounting, management reporting. The integration manager processes all data that enters the fisl system. Sap fico books sap financial accounting, controlling reference books. The data that is saved in the fisl system can be collected in various ways. There are 3 types of exchange rates defined by sap type purpsose type defined by sap 1 bank buying rate exports purpose g type 2 bank selling rate imports exp b type 3 average rate mm sd users only m type path.
Travel management provides management of all travel activities including booking trips and handling of expenses associated with travel. The intention behind sap new gl configuration is to combine the features of gl, profit center accounting, reconciliation ledger, special purpose ledger, business area, cost of sale accounting. Pdf sap fico special purpose ledger instructor anil kangotra. Sap fico 2 sap fi has a collection of submodules, as depicted in the following screenshot. Sap abap application component fisl special purpose ledger sap datasheet the best online sap object repository. Special purpose ledger config free download as pdf file. Special purpose ledger configuration sap materials. When defining a new ledger in the special purpose ledger, how can you retrospectively populate fi data for a previous fiscal year. Special purpose ledger is used to define ledgers for reporting purposes. Data is posted to the ledgers from other sap application areas or external systems and can also be entered directly in the fisl system. Sap certification material free download all modules. The fi chart of accounts represents the list of gl accounts that are used to meet the daily needs and the operating countrys legal requirement in a company. Configuration for special purpose ledger sap erp modules.
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