FI
This is the general order of operations for configuring organizational levels in SAP S/4HANA.
What is first define, then assign?
This is considered the most important characteristic of a material and is instrumental defining available views as well as automatic account determination.
What is the Material Type?
The posting logic describes the integration between FI and CO. This master data in CO is created as a GL account and is responsible for posting the cost to the cost object.
What is the Primary Cost Element?
What is the Standard Price?
These three organizational levels make up a Sales Area (in order).
What are Sales Organization - Distribution Channel - Division?
This GL account type records expenses and in some cases revenue in FI, but it does not integrate with CO.
What is a neutral expenditure or non-operating expense account?
This organizational level is required when you want to create the Vendor/Supplier role for a vendor.
What is the purchasing organization?
These two organizational levels must be shared when assigning Company Codes to the same Controlling Area.
What are the Operational/Operative Chart of Account and Fiscal Year Variant?
These four organization levels are all that are need for the PP module. They are also required in every other logistics module in SAP S/4HANA.
What are the client, company code, plant, and storage location?
This step resulted in an open-item to the customer sub-ledger account.
What is Billing/Invoicing?
This organizational level is used to separate financial postings for different business activities. It is often required by law in come countries.
What is the Business Segment?
Purchasing a material for this purpose will always create a commitment to a cost object.
What is a consumable?
The combination of these two master data are always used to plan and derive an Activity Price.
What are the Cost Center and Activity Type?
This is the goal of Product Cost Planning and can be used to set a benchmark for production costs, plan profitability, plan a sales price for a material, and update the standard price of a product.
What is the Standard/Product Cost Estimate?
This is the first step when creating a new customer business partner.
What is select the Business Partner Category?
What is the Chart of Acccounts?
This master data is a one-to-one relationship between a vendor and a material and is primarily used for this purpose.
What are a purchasing info-record and sourcing?
This is the correct sequence of steps in Order-Related Cost Object CO.
What are Create the Order>Release and Save the Order>Post Goods Movements to the Order>Confirmation of the Order>Settlement of the Order?
These are the output of a successful MRP Run.
What are dependent requirements and procurement proposals?
This quantity must be present in the Sales Order's Schedule Line in order to create an Outbound Delivery.
What is the Confirmed Quantity?
This role is required if you want to create a vendor business partner as a sub-ledger account.
What is the FI Vendor Role?
This assignment is made if you want to completely decentralize your purchasing strategy.
What is the purchase organization assigned to the plant?
Creating Primary Cost/Revenue and Secondary Cost account types in the GL requires these three organizational levels and their purpose.
What are the Chart of Accounts to define the account, the Company Code to store data related to how we use the account, and the Controlling Area to define the Cost Element Category.
This value gets settled on a production order during period end.
What is the Production Variance?
This financial attribute of a customer is impacted during billing and payment.
What is customer credit?