explain p2c & O2C cycle process
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Answer / pavan kumar
p2p cycle deals with the entire set of activities carried out by an org to purchase the required resources and dis charge of liability by payment to vendors
o2c cycle deals with the entire set of activities carried out by an org to sell it's products to it's customers and realization of cash.
Is This Answer Correct ? | 11 Yes | 0 No |
this are testing cycle in sap
p2c means purchase to pay which is used in purchase flow will be
purchases order-->goods receipts-->invoice verification-->payment to party
o2c means order to cash which is used in sale flow will be
sales order-->production-->delivery-->sales billing-->receipts from customer
Is This Answer Correct ? | 15 Yes | 8 No |
Answer / nilesh
otc is a process involved customer sales order creation & satisfying the customer via delivery.
Process Flow Tcode A/c Enrty hit
Sales Inquiry VA11 NO
Quotation VA21 NO
Sales Order VA01 NO
Post Goods Issue VL01N YES
Delivery VL01N YES
Billing VL01N YES
Receipt of Money FB50 YES
Is This Answer Correct ? | 2 Yes | 2 No |
Hallo Frend i m faced 6 to 7 interview and my frend also and we collect this question & required ur different type explanation & answer plz reply. 1. why do we request parallel currency? 2. do we give currency to chart of accounts ? 3.if fiscal years are different for 2 different company codes with usd and inr currencies respectively. how do you generate combined reports in usd currency? 4. is it possible to have different currencies for gl accounts under one chart of accounts ? if yes what is the significance? 5. how the opening & closing of periods is done for fi ? 6. what is the relation between fi & co and ho the accounting flow takes place? 7. explain 2 business scenarios which do you feel have considerable significance and what kind of solutions did you offer while working on the projects? 8. what is the need for balance interest calculation maintenance of setting in case a financial decides on interest rates and loan repayment due dates etc all other issues and we only need to pay the interest amount ? 9. how many currencies can be given to a gl account ? 10.why do we give different posting key for different transactions ?
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