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ERPCorp SAP FICO Blog
- Category: Blog
- Hits: 31560
By Stoil Jotev
Table of Contents
- Introduction
- Parallel Valuation in Asset Accounting
- Additional Representative Ledger Solution
- Alternative Solutions
- Conclusion
- Continue Reading
- Glossary
Introduction
Many companies operate in multiple regions and countries and must report on their fixed assets based on various legal and valuation frameworks.
Parallel Valuation in Asset Accounting
SAP S/4HANA provides the tools and processes to fulfill these parallel valuation requirements. Some of these requirements can be technically challenging, such as when using different fiscal year variants (FY variants) in the various valuation frameworks.
Read more: Fiscal Year Variants in SAP S/4HANA Asset Accounting
- Category: Blog
- Hits: 110947
BY Ashish Sampat
Several colleagues have asked me questions about integration of MM and FI such as:
- How do postings flow from Materials Management into Financial Accounting?
- How do we find out what occurs behind the scenes?
- How do we identify which movement types point to a specific General Ledger (GL) Account?
- How do you change the posting to a different GL Account?
- How do you create a new movement type and assign it to a specific GL Account?
This blog explains the fundamentals of MM-FI account determination. Let's start with some configuration basics, including OBYC.
- Category: Blog
- Hits: 54161
By John Jordan
How to Create an SAP Internal Order Budget
An internal order budget, or approved funds, is maintained at an overall or annual level.
You activate availability control to issue warning or error messages based on defined tolerances. Let's examine the internal order budget and availability control.
- Category: Blog
- Hits: 27178
By Tom King
When I was a charter member of my company's SAP FICO product costing team, the first item I encountered was activity type. I discovered that activity types are not cost drivers but instead they allocate costs from cost centers to cost objects. First, in this article, let's create an activity type.
- Category: Blog
- Hits: 65868
By John Jordan
What's the difference between process and production orders in SAP S/4HANA?
SAP process orders provide more functionality than production orders, including phases and process instructions for process industries.
When you create production orders, a routing and a bill of material (BOM) are transferred to the master data of the order header. When you manufacture with process orders, the master recipe and associated materials list are transferred. The difference occurs because process industries manufacture in phases, converting initial liquid batches into consumable batches, bottled and packaged.
- Category: Blog
- Hits: 33201
By Rosana Fonseca
Material price determination determines how the valuation of a material occurs after each business transaction. When SAP Material Ledger is active, this field should be set in the Accounting 1 view with an appropriate combination of price control and material price determination. When SAP Material Ledger is active for a valuation area, the additional fields which become available in the Accounting 1 view are shown in Figure 1.
Read more: Material Price Determination in SAP Material Ledger
- Category: Blog
- Hits: 26196
By Ross Christoph
SAP mixed costing allows you to cost materials with multiple alternatives when manufacturing a material with different production versions and master recipes.
A cost estimate calculates the cost for each production version and then calculates an average unit cost with weighting factors. It displays the total cost with details of each procurement alternative.
- Category: Blog
- Hits: 57358
By Ashish Sampat
This is Part II of Make Trading Partner a Required Entry Part I
Can You Make Trading Partner Required While Posting Financial Documents?
You have three alternatives:
- Category: Blog
- Hits: 87489
By Ashish Sampat
Definition
Trading Partner is a term used in trade and commerce and is generally defined as:
One of the two or more participants in an ongoing business relationship.
- Category: Blog
- Hits: 17448
By Ross Christoph
SAP Enhancement Pack 4 provides additional functionality for processing outsource manufacturing or subcontracting operations.
Read more: SAP Enhancement Pack 4 for Outsource Manufacturing or Subcontracting Operations
