SAP and Finance: SAP FICO INTERVIEW QUESTIONS -Material Ledger

http://sapfinance.blogspot.in/2011/02/sap-fico-interview-questions-materi...

What is the configuration setting to be done for posting the accrual

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26/02/2013 10:52 AM

SAP and Finance: SAP FICO INTERVIEW QUESTIONS -Material Ledger

http://sapfinance.blogspot.in/2011/02/sap-fico-interview-questions-materi...

in the actual costing run? In transaction code OBYC select transaction key LKW and maintain the balance sheet account for accrual. What are the steps to be taken before you ex ecute an actual costing run? The following are the steps to be taken: 1.) Execute all the allocation cycles in the cost center accounting module. 2.) Execute actual activity price calculation. 3.) Revalue all the production orders with the actual activity prices. The under or over absorbed cost on cost centers are passed on to the production order through this step of revaluation of production orders. 4.) Calculate overheads, do a variance calculation and finally settle the production order. 5.) Finally execute the actual costing run. What happens in an actual costing run? In actual costing run there is a process of single level price determination and multi level price determination. The production price difference variances are collected on the material ledger for each of the finished goods and semi finished goods. During single level price determination the price difference collected on a single finished product is allocated to consumption. This allocation to the consumption is not individually allocated to the good issues. In multi level price determination the price difference is allocated to individual goods issue. The price differences are passed on to the next level of consumption. The system calculates a weighted average price for the finished goods and semi finished goods. This weighted average price is called as the periodic unit price What happens when the revaluation is done in actual costing run for the previous period? When revaluation is performed in actual costing for the previous period the price control in the material master is changed from S to V and the periodic price is updated as the valuation price for the previous period. What is the importance of the price determination indicator in the material master for the purpose of actual costing run? There are 2 price determination indicators in the material master when material ledger is activated. They are as follows:2 transaction based 3 Single level / multi level In case of material masters having price determination indicator 2 no actual costing will take place. In case of material masters having price determination indicator 3 actual costing will take place. What should be the price control for a material master which has a price determination indicator 3 where material ledger is activated? In such a case only price control S is possible where the price determination 3 is activated in material master.
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SAP and Finance: SAP FICO INTERVIEW QUESTIONS -Material Ledger

http://sapfinance.blogspot.in/2011/02/sap-fico-interview-questions-materi...

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