Sap Fica Configuration Guide PDF Form
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People also ask
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How do you prepare a contract account?
A contract account is debited with all direct and indirect expenditure incurred in relation to the contract. It is credited with the amount of contract price on completion of the contract. The balance represents profit or loss made on the contract and is transferred to Profit and Loss Account.
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How do you create a contract type in SAP?
Create New Contract Type Click Contracts > Contract Types, and click Create. Provide details in the following tabs: General Tab. Clause and Supplements Tab. Workflow Tab. Field Categories Tab. Users with Delegate Rights. Click Save.
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How do I create a contract account in SAP FICA?
You can either assign a contract account number yourself or have the system assign the number. Choose Continue . The first data entry screen appears. Enter the required data. Using the navigation buttons, you can navigate between the various data screens. Save the contract account.
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How do I display a contract account in SAP?
In the Maintain Contract Account app, you change or display a contract account by choosing Change or Display. To call up the contract account, enter the contract account number or the business partner. If the contract account is specified, the system determines the business partner automatically.
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What is fica in SAP?
FICA is an industry-specific sub-ledger accounting system, which is utilized in numerous industry-specific solutions. FICA allows us to create one CA (Contract Accounting) or several CAs, which offers us some flexibility in terms of accounting.
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What is the Tcode for create contract account in SAP?
To create, edit, or view a contract account, use the Manage Contract Accounts app with the business role Accounts Payable and Receivable Accountant (FI-CA) (SAP_BR_APR_ACCOUNTANT_FICA). Alternatively, you can use the transaction code CAA1 to create contract accounts, CAA2 to change them, and CAA3 to display them.
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What is main and sub transaction in SAP FICA?
The main transaction and the sub-transaction together form the posting information for the document. The transactions are used to define account determination in the Financial Accounting (FI) and Controlling (CO) components. They are also used to define rate steps.
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What is the difference between sap fica and sap fico?
7): Can you explain the difference between 'SAP FICA' and 'SAP FICO? SAP FICA and FICO are both highly advantageous and far-signNowing modules presented by SAP. The FICO interface offers the ability to deal with much more critical and complex methodologies required in professional trading bodies.
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