What is the ‘New FI-GL’ in FI in ECC?
The traditional or ‘Classic FI-GL accounting’ in FI has been focused on providing ...
SAP FICO
Top 50+ SAP FICO Interview Questions with their Answers
1. What do you understand by the term SAP FICO? SAP is the ...
Explain ‘Managerial Closing’.
In ‘Managerial closing’ you will: Do a preliminary Controlling period closing Settle/re-allocate costs ...
How to Perform ‘Annual Closing’ in SAP?
‘Annual Closing’ is like any other ‘period closing’ and you will be performing ...
How do you ensure ‘Correct’ Balances in the ‘Financial Statement Version’?
In order to have a balanced statement (Profit & Loss and Balance Sheet) ...
What Items are required in a ‘Financial Statement Version’?
Irrespective of the details you require in a ‘Financial Statement Version’, it is ...
What is a ‘Financial Statement Version’?
A ‘Financial Statement Version’ helps to define the Financial Statements (both the Balance ...
Explain ‘Financial Closing’.
‘Financial Closing’ involves completing the following activities and taking out the financial statements ...
What is ‘Pre-closing’?
You need to ensure the following as part of the ‘Pre-closing’ activities: Post ...
How to Perform ‘Period Closing’ in SAP?
You do a ‘(Period) Closing’ in SAP in three steps: Completing the Pre-closing ...