How and Why to start investing in stock Market

One of the many compelling reasons to invest in stock market and perhaps the most important thing is that we need more money to fund our retirement as we live longer. Peoples earn money from different sources out of which partly spent and rest are saved for their future. Futures are affected by many factors … Read More » "How and Why to start investing in stock Market"

What is stock exchange? – Major stock exchanges of the world

Initially, a company makes public offering and raise capital from potential investors. These investors invest their hard earned money into companies with so many expectations. If later on, any of these investors wants to exit from the investments then he has to find a potential investor on his own and bargain with him for a … Read More » "What is stock exchange? – Major stock exchanges of the world"

What is Business Area in SAP – Why Profit Center Accounting is Better than Busines Area

Business area in sap is defined as an organisational area within the financial accounting module. Business area in SAP is used for internal and external reporting. Business area in SAP is derived through assignments to different master data in SAP like assignment to cost center master. The function is to create balance sheet and profit … Read More » "What is Business Area in SAP – Why Profit Center Accounting is Better than Busines Area"

Chart of Account in SAP – Definition, use and integration

Chart of Accounts in SAP is a list of all General Ledgers accounts used by one or several company codes. For each General Ledger, the chart of account must contain the account number, name, and the information that controls how an account functions and how a General Ledger is to be created in a company … Read More » "Chart of Account in SAP – Definition, use and integration"

What is a Fiscal Year Variant in SAP

Fiscal Year Variant in SAP is usually a period of twelve months for which a company regularly creates financial statements and checks inventories. It may correspond exactly to the calendar year, but this is not compulsory. Under certain circumstances a fiscal year variant in SAP can be less than twelve months (shortened fiscal yr). In … Read More » "What is a Fiscal Year Variant in SAP"

Calendar year and Non-calendar fiscal year in SAP

In SAP, you have the option of defining your fiscal year variants (FYV) in relation to the calendar year. You can define it Fiscal year same as calendar year, Fiscal year differs from calendar year (non-calendar fiscal year) or fiscal year as year dependent (This means that the fiscal year only applies to a specific … Read More » "Calendar year and Non-calendar fiscal year in SAP"

Opening and Closing Posting Periods in SAP FI

We define posting periods in the fiscal year variants of SAP FI module. You can open and close posting periods for a particular transaction type in SAP. Usually, only the current Posting Period is open for recording transaction in SAP and all other Posting Periods are closed. At the end, the current posting period is … Read More » "Opening and Closing Posting Periods in SAP FI"

How SAP Determines Posting Periods during Posting

When you record a document in SAP, you enter the posting date. SAP uses the posting date specified in the document automatically to determine the posting period (PP). The Posting Period consists of a month and a fiscal year. Both are displayed in the document overview screen of SAP FI. Posting Period is entered in … Read More » "How SAP Determines Posting Periods during Posting"

How Special Posting period is used in SAP

Special posting period in SAP sub divides the year-end closing month No. 12 up to a maximum number of four. Merely dividing the last Posting Period in SAP into several numbers is called Special Posting Period. This enables you to create several supplementary financial statements at the year end. A fiscal year usually has 12 … Read More » "How Special Posting period is used in SAP"