Here now we go to the details of control parameters that help in SAP FI MM Integration work. Valuation at the company code level– All materials in all plants of a company are evaluated at the company code level.Valuation at plant level– The System evaluates all materials at the plant level.

Thus, we should know the options available for valuation. The Best Four of them are:īefore going deep into these parameters, it is important to know the Valuation Area. SAP uses different control parameters to differentiate different materials. Control Parameters in FI MM Integration in SAP And it is a legal requirement to mention it on various financial reports. Likewise, the stock of a company has its asset. However, inventory value must be reflected in the financial accounts of a company too. You can refer to S4 Hana Finance training tutorials that help you learn Finance modules with real-time scenarios and interview questions.Although SAP MM (Material Management) is responsible for managing materials and inventory in SAP. Now, most companies are upgrading to S4 Hana System from the ECC system. Note: The configuration steps up to 12 will be configured by SAP SD consultants, however as an SAP FICO consultant knowing these configuration steps helps you to learn completely how SAP FI and SD module integration each other.

Assignment of Account for Automatic Postings.

Assign Sales Organization-Distribution Channel-Plant.

Assign Distribution channel to Sales Organization.

Assign Sales Organization to Company Code.

Maintain Company Code for Material Management.

Assign Purchasing Organization to Company Code.Assign program types to operative objects.Define Screen Layout for Asset Depreciation Areas.Define Screen Layout for Asset master data.Determine the Depreciation area in the Asset Class.Assign Chart of Depreciation to Company Code.Global Settings for Electronic Bank Statement.Assign Number Ranges to Customer Account groups.Create Number Ranges for Customer Accounts.Assign the number ranges to Vendor account groups.

Create Number Ranges for Vendor Accounts.Complete steps – implementation of GST in SAP Hana.Assign country to GST tax calculation procedure.Allow tax codes for non-taxable transactions.

Assign country to the calculation procedure.

Assign Company Code to Chart of Accounts.

Define Additional Local Currencies for Company code.

Define Tolerance Group for G/L Accounts.

Assign Company Code to Field Status Variants.

Assign Posting Period Variant to Company Code.

Define variants for Open Posting Periods.

Assign Company Code to Fiscal Year Variant.

SAP FI – Financial Accounting Global Settings

Create new companies by copying existing company code.

Fi mm integration in sap fico