SAP is the leading bussiness technology that is using very casually these days. There are many types of the Technical and Functional modules. SAP FICO module is one of them that is used by the Finance and the Accounting professionals. SAP FICO is the technology that is offered by many of the institutions both online and offline.
There are many of the Terms that are used in the SAP Finance Module
Client: In business, definitive and specific terms, a free unit in a R/3 System with divided master records and its own course of action of tables.
Association Code: The most diminutive definitive unit of Financial Accounting for which a complete free course of action of records can be drawn up for explanations behind external reporting.
Business Area: A definitive unit of budgetary accounting that addresses an alternate scope of operations or commitments within an affiliation and to which regard changes recorded in Financial Accounting can be administered.
Try structure: A portrayal of an endeavor's dynamic framework. Predictable undertaking structure, including the various leveled units required to manage the SAP System, for instance, plant or cost center.
Social attempt structure, delineation of the course in which an endeavor is formed, in divisions or customer workplaces. The HR application part delineates the social structure of an endeavor
money related year variety: A variety describing the relationship between the date-book and monetary year. The budgetary year variety shows the amount of periods and exceptional periods in a financial year and how the SAP System is to choose the dispensed posting periods.
Fiscal Year: A period of regularly 12 months, for which the association produces cash related announcements and takes stock.
Yearly dislodging/Year shift: For the individual posting periods diverse areas may be crucial. For example, in the underlying six periods the money related year and logbook year may coordinate, however for the remaining periods there may be a movement of +1.
Outline of Accounts: Systematically dealt with once-over of all the G/L account master records that are required in an association codes. The COA contains the record number, the record name and control information for G/L account master record.
Budgetary clarification shape: A different leveled arranging of G/L accounts. This arranging can be established on specific legal necessities for making budgetary explanations. It can in like manner be a self-described solicitation.
Account bundle: A thing that attributes that choose the making of master records. The record bundle chooses: The data that is huge for the master record A number compass from which numbers are decided for the master records.
Field status cluster: Field status packs control the additional record assignments and distinctive fields that can be posted at the point of interest level for a G/L account.
Posting Key: A two-digit numerical key that chooses the way line things are posted. This key chooses a couple of parts including the: Account sort, Type of posting (charge or credit),Layout of segment screens .
There are many of the Terms that are used in the SAP Finance Module
Client: In business, definitive and specific terms, a free unit in a R/3 System with divided master records and its own course of action of tables.
Association Code: The most diminutive definitive unit of Financial Accounting for which a complete free course of action of records can be drawn up for explanations behind external reporting.
Business Area: A definitive unit of budgetary accounting that addresses an alternate scope of operations or commitments within an affiliation and to which regard changes recorded in Financial Accounting can be administered.
Try structure: A portrayal of an endeavor's dynamic framework. Predictable undertaking structure, including the various leveled units required to manage the SAP System, for instance, plant or cost center.
Social attempt structure, delineation of the course in which an endeavor is formed, in divisions or customer workplaces. The HR application part delineates the social structure of an endeavor
money related year variety: A variety describing the relationship between the date-book and monetary year. The budgetary year variety shows the amount of periods and exceptional periods in a financial year and how the SAP System is to choose the dispensed posting periods.
Fiscal Year: A period of regularly 12 months, for which the association produces cash related announcements and takes stock.
Yearly dislodging/Year shift: For the individual posting periods diverse areas may be crucial. For example, in the underlying six periods the money related year and logbook year may coordinate, however for the remaining periods there may be a movement of +1.
Outline of Accounts: Systematically dealt with once-over of all the G/L account master records that are required in an association codes. The COA contains the record number, the record name and control information for G/L account master record.
Budgetary clarification shape: A different leveled arranging of G/L accounts. This arranging can be established on specific legal necessities for making budgetary explanations. It can in like manner be a self-described solicitation.
Account bundle: A thing that attributes that choose the making of master records. The record bundle chooses: The data that is huge for the master record A number compass from which numbers are decided for the master records.
Field status cluster: Field status packs control the additional record assignments and distinctive fields that can be posted at the point of interest level for a G/L account.
Posting Key: A two-digit numerical key that chooses the way line things are posted. This key chooses a couple of parts including the: Account sort, Type of posting (charge or credit),Layout of segment screens .
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