Question { L&T, 55272 }

What is a Sort key? What r the different tpes of Sort Keys
u have in SAP(FICO)

Answer

Another functionality or use of sort key is

Where Sort Keys are created

Use Tcode OB16.

Why we are using sort keys.

Straight answer to this is sort key offers great help in
Automatic Clearing.

First we understand how does it function. If you have
created Bank GL and there you have used 001 (posting date)
as sort key then whenever you make entry for that bank Gl
your sort key "Posting date" is automatically updated
in "Assignment" field unless you manually insert anything
in assignment field.

Let's take a simple example for why sort keys are helpful.

Suppose, there is GR/IR account created with sort key 014
(Purchase Order) so at the time of

1. Goods receipt Purchase order with item no will
automatically filled in assignment field.

Inventory dr. 15000

GR/IR cr 15000.

In GR/IR account item Assignment would be 150000 10.

2. Invoice through MIRO will also feed Purchase Order with
item no in assignment field.

GR/IR dr . 15000
Tax dr. 5000
Vendot cr. 20000

In GR/IR account item Assignment would be 150000 10.

Now your entry is over. There are large number of such
entries posted in the period for the GR/IR account.
So, manual clearing becomes very tedious for GR/IR clearing
account. In order to avoid that Automatic Clearing program
is configured in OB74, where you give field ZUONR i.e.
assignment in first criterion. So, line items with same
assignment and amount will be cleared automatically upon
F.13 transaction.

Question { HCL, 21401 }

Explain me about tickets and its handling process, and what
tools are used for the ticking process in production
support? explain in detail?

Answer

Hi

can anyone post the tickets regarding the severity level 1

Question { Accenture, 16532 }

What do you mean by Procurement to Cash & Order to Cash?

Answer

HI,

This is not procument to cash
correct one is procurement to pay i.e., AP process (MM TO
FI Integration)
It starts from Material request from depts to stores i.e.,
MRN (Material Requisition Number)
. From stores to Purchase dept ie., Purchase Requisition
number (PRN)
. Purchase dept approach with different vendors based on
the quotation raises the purchase order (PO)
. Based on the quotation payment made to vendors.

ORDER TO CASH means (SD TO FI INTEGRATION)

Question { KPIT, 6920 }

is there any alternate way for Field status Group.where we
can suppress,optional and require entries can be done

Answer

We can update the field status in master data i.e., for
vendor OBD3
Customer obd2

Question { 8433 }

what is SAP FI month & year end activities? Plz, give the
answers with T.Code.

Answer

Month end activity tcode is CLOCO

Question { Wipro, 12207 }

Where do you define financial statement version ? give me
T.Code for the same

Answer

fse3

Question { Patni, 20621 }

what is month end activities pls explain briefly

Answer

MONTH END ACTIVITIES FOR FI:

1. Recurring Documents.
a) Create Recurring documents
b) Create Batch Input for Posting Recurring Documents
c) Run the Batch Input Session
2. Posting Accruals or Provisions entries at month end
3. Managing the GR/IR Account-Run the GR/Ir Automatic
Clearing
4. Foreign Currency Open Item Revaluation-Revalue Open
Items in
AR.AP
5. Maintain Exchange Rates
6. Run Balance Sheets –Run Financial Statement Version
7. Reclassify Payables and Receivables if necessary
8. Run the Depreciation Calculation
9. Fiscal Year Change of Asset Accounting if it is year end
10. Run the Bank Reconciliation
11. Open Next Accounting Period


PERIOD END CLOSING ACTIVITIES IN CONTROLLING :

The following are the period end closing activities in
Controlling:
Repost CO Documents that was incorrectly posted
Run Distribution or Assessment Cycles
Run the Overhead Calculation in Product Costing
Run the WIP Calculation in Product Costing
Run the Variance Calculation in Product Costing
Run the Settlement Calculation in Product Costing which
will post all the
WIP and variance to Finance and PA.
Calculate FI Data for Transfer to Profit Center
Transfer Balance Sheet Items like Recievables, Payables,
Assets and
Stock
Run Results Analysis for Sales Order if applicable
Run Settlement of Sales Orders to PA.