Month End Closing Activities in Finance : Closing the Books In financial Accounting
Closing operations recur periodically and can be subdivided as follows
The closing operations component supports the … Read More
General Ledger Master Data in SAP FICO: In SAP, the basic element of the master data structure in the General Ledger is the chart of accounts, which is assigned to a company code and contains the master list of general … Read More
SAP transaction Code FB1S (Clear G/L Account) is classified in the Financial Accounting module under application component General Ledger Accounting and runs Documentation FI General Ledger program SAPMF05A upon execution.
• This transaction is used to clear open item … Read More
Foreign Currency Transactions:
There three types of Exchange rates defined by SAP,
Path: SAP⇒SAP Netweaver… Read More
Many different migration scenarios are imaginable for the transition from classic General Ledger Accounting to New General Ledger Accounting, ranging from the straightforward merge of existing ledgers to a totally new conception of accounting, such as the introduction of segment … Read More