1.

What is the importance of posting keys in SAP?

Answer»

In SAP FICO, posting keys are assigned at the client level and then assigned int the company code while entering particular line items into the SAP System. Here are essential factors for posting keys in SAP FICO:

  • DEBIT or Credit Posting for defining the type of transaction INVOLVED in the business.
  • Managing Field Status
  • They are determining the Type of Account to be entered.
  • They are defining whether line items are connected to a payment transaction.
6. What is the DIFFERENCE between the PROFIT center and business area in SAP FICO?
Business AreaProfit Center
It is defined as the business unit of any company.Profit centers are subsets of a Business Area.
Assessment and Distribution are not POSSIBLE in this.Assessment and Distribution are possible in Profit Centers.
They are primarily used for making strategic decisions on a management level.They are primarily used for ensuring responsible accounting within the SAP.


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