What is the reason behind reclassifying payables &
receivables as FI month end activity?
Answer Posted / david y
you can also call it regrouping, there is a key in sap
indicating that, find out yourself. the reason is because
of management needs and auditting needs generally.
someone owns your money, do you need to know how much and
how long? definitely yes! if it is too long or saying 100
years, can you still keep the records? no, impossible. so
we need to eleminate it. that is bad debt. Clearly, this is
the importance to do the regrouping.
Is This Answer Correct ? | 0 Yes | 3 No |
Post New Answer View All Answers
What is a mixed cost? : co- cost center accounting
What do you mean by low value assets? : fi- asset accounting
Is it possible to calculate depreciation to the day?
How is it possible to apply 2 different overhead rates for 2 different finished goods?
Hi all..I have been preparing and trying job in SAP fico for last one year by keeping 3 yrs exp. I could not join Accenture and CTS due to verification though i got offer. can somebody suggest me small and medium seized companies where i can try for sap opening, you can mail me to kprasath05@gmail.com...
tell about u r business proceses?
Explain about a shortened fiscal year?
What is short-end fiscal year?
For document clearing what are the customizing prerequisites ?
what is the role of Functional Consultant in end to end implementation?
What is the integration point in fi-mm in obyc. Which gl a/c has to be created ?
How do we create tasks? What is the difference between task and change request?
What is a screen layout? : fi- general ledger master data
1.How to get the list of deleted vendor master records/vendor a/c's and can we reuse the same account numbers (delted account number) for creating another new vendor master record?
what is important product casting interview questions