1) What is the use of APP (Automatic Payment Program)?
A) It is used to multiple vendors, it is also used for multiple company codes, but it should be in the same country.
2) What is T-code for APP?
A) FBZP
3) What are the steps in APP?
A) Select all company codes
Select paying company codes.
Payment method in country (incoming
and outgoing payments)
Payment method in company code.
Define House bank.
Bank determination.
4) What are the fields in vendor master?
A) General data – address, communications, Control data – customer, tax codes, & Payment Transactions- bank details, alternative payee a/c. Company code data – Reconciliation a/c etc.
5) What are the Main Organization in vendor master?
A) General data, Company code data, & Purchase Organization.
6) When are you going to create multiple payment methods?
A) We Create on Client Requirement’s like if he wants to create c-bank, electronic payment, bank transfer, & bills of exchange.
7) What are the Tabs in GL Master?
A) Type description, Control data, & Bank interest tab.
8) What is Open Item Management?
A) OIM allows you to display the open and cleared items and amounts in an account. Example Salary clearing a/c, GR/IR clearing a/c.
9) What is Sort Key?
A) It is Used to display line item, examples are vendor no., customer no, value date, & Asset no. etc.
10) What is Organization Structure of Asset Accounting?
A) Company Code, Chart of Depreciation , Number range assignment, Fiscal year variant, Depreciation area for net worth tax, & Depreciation type for posting depreciation.
11) What do you mean by Chart of Depreciation?
A) Chart of Depreciation is used to manage where its legal requisition for depreciation and valuations of assets. Normally Dep. Contains Dep.Area, Dep.Key.
12) What is Depreciation Area?
A) An area showing the valuation of fixed assets for a particular purpose (for ex. Individual financial statement, Balance sheet for tax purposes etc.).Example, 01 -> Book Depreciation, 02 -> Special tax Depreciation, & 03 -> Special Depreciation Reserve.
13) What is Depreciation Key?
A) Key for calculating depreciation
amount’s. T-code is AFAMA.
SDVM -> Straight Down Value Method,
WDVM -> Written Down Value Method.
14) What is Account Determination?
A) The connection between the asset
master records and the corresponding account’s in the general ledger in
FA’ing. This connection is created by the a/c determination in asset
class.
Path: SPRO -> FA -> AA -> Organization
Structure -> Asset Class -> Specify a/c Determination.
15) What is Asset Class?
A) The Asset Class is the main criterion for classifying assets according to legal and management requirement. Every asset must assign to only one asset class. T-code -> oaoa
