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Question 6 :

How do you configure electronic bank statement?

Answer :

Following is the sequence of configuration to be done for Electronis Bank Statment(EBS):
1. create Tranaction types( which helps you group all the house baks with same External transaction code).
2. assign them to house banks.
3 create and define posting rule keys .
4 assign them to external transaction codes.
external transaction codes are bank specific codes for buisness tranactions( which it issues in each EBS) each one for each type of payment. eg. transfer order, foreign transfer,bill of exchange etc.
5 define posting specification for G/L posting as well as subledger posting
6. define account symbols(which determines the G/L account to be posted to) and assign them to posting keys.

1. Create account symbols
2. Create gl accounts ans assign t account symbols
3. Create posting keys:
4. Posting rules
5. Assing external transactions

Question 7 :

How do you configure manual bank statement?

Answer :

configuration is required during electronic bank statment not in mannual bank stament.
In mannual bank statment you just have to enter the data on screen and save it.

Question 8 :

What is dunning?

Answer :

Dunning is actually the process by which you "bill" or "invoice" a customer for past due items.
With regards bad Checks for example dunning procedure could follow these steps:

• Step 1: Phone call to customer on receipt of bad check – at this stage, perform the journal posting outlined in section on Returned Checks
• Step 2: Letter to customer (+10 days)
• Step 3: Letter to CO (+7 days)
• Step 4: Legal letter to customer (? DD139) (+13 days)
• Step 5: Issue DD139 (+10 days)
• Step 6: Follow-up on DD139 (dispersing officer) (+45 days)
• Step 7: Write-off (after 6 months)
Steps 2-6 above will be handled by dunning levels in SAP.

Configuration before dunning can be carried out
1. Defining Dunning Area
2. Define Dunning Keys
3. Define Dunning Block Reasons
4. Dunning Procedure
• Define Dunning Procedure (T. Code – FBMP), To set up a Dunning Procedure, the following must be specified: number of Dunning Levels (1-9) Dunning Texts, Standard Text can also be included in the Dunning Texts. Dunning Procedure major parameters: Dunning Interval, Number of Dunning Levels, Grace Period
5. Assign Dunning Procedure to Customer / Vendors Accounts (T. Code – XD02)
6. Define Correspondence Types (T. Code – OB77)
7. Assign Company Codes to Correspondence company Codes
8. Assign Programs for Correspondence Types (OB78)
9. Dunning Run: Transaction Code: F150
Menu Path: accounting > financial accounting > accounts receivable > periodic processing > dunning.
Note: Whenever you schedule more than one dunning run a day, the "Identification" number must change. You may run several dunning runs on the same date but the "Identification" name must be different as well as certain parameters such as the "Dunning Date" and "Documents Posted up to" date.

Question 9 :

What is the difference between profit center accounting and Profitability analysis ?

Answer :

profit center accounting is basicaly done for internal controlling purposes. It lets you determine the profit and loss using the cost of sale approach or period accounting approach. Here you can find the profit from an "area of reponsibility or pserson" point of view.this is accound based costing

Whereas in Profitability analysis, market segments based on product , cutomer,order aor any comobination of these are studied to find wots the profit. PA provides information to the marketing,sales and planning department so that they can make decisions. PA has two forms account based and CO based.

both these are tools for profit management, and both are alternative. They are not same.

Question 10 :

What are the manufacturing cost of a producting ?

Answer :

Materail cost + Productions cost = Manufacturing cost