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1.Explain the term SAP FICO?
SAP FICO stands for FI (Financial Accounting) and CO (controlling). In SAP FICO, SAP FI take cares about Accounting, preparation of financial statements, tax computations etc., while SAP CO take cares of management reporting purpose. Co mainly involves in Monitoring/allocation of costs, tracking of costs, Profitability analysis/margin analysis, Providing Reporting for management. It is the software that stores data, and also computes them and retrieves the result based on the current marketing scenario. SAP FICO prevents data lost and also does the verification and reporting of data.
What are the other modules to which ‘Fico’ is integrated?
Sap Fico stands as main module and center of integration. below are the modules that sap fico mainly integrated with
- Material Management(MM)
- Sales & Distribution(SD)
- Production Planning(PP)
- Project systems(PS)
- Human Resourses(HR)
- Cash Management(CM)
Other than above modules it has also integrates with other modules like QA,CRM,PM, etc….
what is posting key and what does it control?
Posting Key Is a Two Digits Numerical Code. Posting Key In order to determine the transaction type which is entered in the line item and Posting key determinesAccount Types
- Types of posting.
3.Field status of transaction
What is the company code in SAP?
Company Code is Smallest Organization Unit and Legal Entity in SAP. Company code Mainly Used to Extract the External Reporting Purpose it generates financial statements like Profit and Loss statement, Balance sheets.
Transaction code to Define company : OX15
Create company code : OX02
Assign company to company code :OX16