Answer Posted / sudharshana vamsi
1. It reconciles Controlling with Financial Accounting.
A. It provides reports with which you can monitor the
CO/FI reconciliation for each account.
B. It can determine and display value flows that were
posted in Controlling across company codes, functional
areas or business areas.
C. You can use this value flow in Financial Accounting
as the basis for summarized clearing entries.
D. Clearing entries represent value flows within
controlling that have an effect on the legal closing of an
organization (balance sheet, profit and loss account).
E. You can either post the clearing entries using the
values determined, or you can let the R/3 System post them
automatically.
2. It provides an overview of all the costs incurred.
o The reconciliation ledger reports provide an
overview of the costs and are thus a suitable starting
point for analysis.
For example:- in the reconciliation ledger
reports you can analyze an item of the Profit and Loss
Account, which is displayed in the Financial Information
System (FIS), to see the costs assigned..
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