what is field status group and what does it controls

What is field status group, what does it control?

Ans: FSG is mandatory field in ! GL Creation. You use this field to define which fields are displayed when you post business transactions to a G/L account.

A field may have one of the following statuses.
- Suppressed
- Display
- Optional
- Required

what is posting key and what does it control in sap fico

What is posting key and what does it control?

Ans: These are special classification keys. Two character numerical key it controls the entry of line items.
Posting key determines Account type, Debit/credit posting, Field status of transaction.

what is document type in sap fico

What is document type, and what does it control? Examples.

Ans: Document type is nothing vouchers containing line items. Several business transac! tions can be identified within a particular document type.
It controls the document number ranges.
It controls the Header part of document
IT controls the line item level of the document
Helps filing of physical document

what are company code global settings in sap fico

What do you enter in Company code Global settings?

Ans: 4 digit Alphanumeric key.
Name of the company
City
Country
Currency
Language
Address

Where do you open and close periods

Where do you open and close periods?

Ans: PPV is used to open and close the periods based on a/c types considering GL Accounts. Tr. Code. OB52

How many Normal and Special periods will be there in fiscal year

How many Normal and Special periods will be there in fiscal year, why do u use special periods?

Ans: 12 Normal posting period and 4 special periods are in the fiscal year which can be used for posting tax and audit adjustments to a closed fiscal year.

what is fi organizational structure in sap fico

Tell me about FI Organizational structure?

Ans:  Client | Operating Concern |Controlling area1  Controlling Area 2 | Co. Code 1 Co. Code 2| Bus area 1  Bus area2  Bus Area3  Bus Area 4