What is MM Fi integration in SAP?
What is MM Fi integration in SAP?
FI MM integration in SAP is an example of how different modules of SAP ERP systems are integrated. With the integration, SAP ensures that data from one module flows to another module automatically.
What is the integration point between SAP MM and SAP FI?
SAP ensures that data from one module automatically flows to another module. In case of SAP MM FI integration, functionality and data from SAP MM (Materials Management) module triggers automatic postings in SAP FI (Financial Accounting) module.
What is the accounting entries in FI mm integration?
FIMM integration is done through transaction code OBYC. General ledger accounts are set as per the different parameters of valuation area, movement type and transaction type that is created with respect to the movement type.
What does fi stand for in SAP?
SAP FI stands for Financial Accounting and it is one of important modules of SAP ERP. It is used to store the financial data of an organization.
What is BSX and WRX in SAP?
BSX and WRX are transaction event keys, these are used in automatic account determination when you will do goods receipt. When you will do goods receipt for stock material two postings will happen. BSX- stock posting (debited)+ WRX-GR/IR clearing account(credited)- When you are posting the invoice.
What is SD Fi integration?
When billing document (sales document) is released then accounting document (finance document) gets generated automatically. This is referred as SD FI integration.
What are the interview questions for SAP FICO?
Top 50 SAP FICO Interview Questions & Answers in 2022
- Explain the term SAP FICO?
- What are the other modules to which ‘Financial Accounting’ is integrated?
- In SAP FI what are the organizational elements?
- Explain what is posting key and what does it control?
- What is the company code in SAP?
What are SAP FI components?
SAP FI includes the following sub-components:
- Finance Accounting General Ledger.
- Finance Accounting Accounts Receivable and Payable.
- Finance Accounting Asset Accounting.
- Finance Accounting Bank Accounting.
- Finance Accounting Travel Management.
- Finance Accounting Fund Management.
- Finance Accounting Legal Consolidation.
What is SAP ECC Fi?
SAP ERP Central Component (SAP ECC) is an on-premises enterprise resource planning (ERP) system. ERP integrates digital information that’s created in one area of a business with data from other areas of the same business in real time.
What are MM invoices in SAP?
Logistics Invoice Verification is a part of Materials Management (MM). It is situated at the end of the logistics supply chain that includes Purchasing, Inventory Management, and Invoice Verification.
What is Bapi in SAP mm?
BAPIs for Reading Data – GetList (),GetDetail (),GetStatus (),ExistenceCheck ()
What are the features of sap mm?
SAP Materials Management – SAP MM The following are the features of an SAP MM Module: SAP Materials Management Module is one of the SAP modules responsible for material management and inventory management.; Materiel management as a process ensures that there is no shortage of materials or deficiencies in the organization’s supply chain process.
What is the functional SAP ERP Mfg module in SAP?
– SAP Financial Accounting (FI) – SAP Controlling (CO) – SAP Sales and Distribution (SD) – SAP Production Planning (PP) – SAP Materials Management (MM) – SAP Quality Management (QM) – SAP Human Capital Management (HCM)
What does mm stand for in SAP?
SAP MM ( Material Management ) is one of the important modules in SAP ERP software, and the MM application module supports the procurement and inventory functions occurring in day-to-day business operations. This MM module contains many aspects such as purchasing, goods receiving, material storage, consumption-based planning, and inventory.