Real vs Derived depreciation area in SAP AM

Real depreciation area is commonly used depreciation area that actually stores values in database. Derived depreciation areas do not store values in database. The values are calculated using mathematical formula based on 2 or more real depreciation area. Read More »

SAP New GL Scenarios

Scenarios are assigned to ledgers and determine which fields are updated when postings are received from different modules. Read More »

Profit Center Accounting in SAP New G/L

There have been some key changes regarding Profit Center Accounting in SAP New G/L. PCA is integrated within GL eliminating need to manually reconcile GL with PCA. Profit Center tables GLPCT/GLPCA/GLPCP are no longer used. These have been replaced by new GL tables. Profit Center accounting scenario should be activated to take advantage of the newly enhanced functionality. Read More »

GMAT Idiom List

A comprehensive list of idioms for GMAT. Read More »

GMAT Sentence Correction – Quick Guide

Quick overview of  GMAT Verbal Sentence Correction Section. Read More »

GMAT Critical Reasoning – Quick Guide

Quick overview of  GMAT Verbal Critical Reasoning Section. Read More »

GMAT Reading Comprehension – Quick Guide

Quick overview of Reading Comprehension of GMAT Verbal Section. Read More »

Free GMAT Sample Questions, Mock Tests, Simuated Exams

Here is a list of Free GMAT tests that can be used for preparing for GMAT. Read More »

How to hide Classic GL Config Path

When you activate New GL accounting, system creates a new path for Financial Accounting and activates new transactions specific to New GL such as FB01L for ledger specific posting. However old cofig path is not automatically removed for smooth transition. Read More »

Considerations during SAP New G/L Migration Project

When you switch from Classic GL to New GL, here are functionalities that can be covered under standard SAP Fixed price Service based migration scenarios. Read More »

SAP New GL Migration Phases

Migration is divided in six phases. Read More »

SAP New GL – Migration Cockpit

Migration Cockpit is a tool to simplify migration to New GL. SAP delivers the tool when you buy service based migration. Read More »

SAP New GL – Configuring Document Splitting

Document splitting is key concept in SAP New GL. To configure Document splitting, you need to understand following key concepts. Read More »

Defining Value date based on working dates in SAP AP

When you define value date in Bank determination config (OBVCU or FBZP), value date is calculated using daily calendar. So, value date can fall on weekend or holiday. Read More »

Legacy Asset transfer in SAP

When you move data for a company from a Non-SAP accounting system to SAP, you need to bring existing asset to SAP. SAP delivers following key transactions for legacy asset transfer.

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PMP Exam Preparation Notes

Here are note collected during PMP exam preparation.

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Project Stakeholders – Roles and Responsibilities

Stakeholder is everybody who is involved in the project or whose work or interest might be affected by Project. Read More »

PMP Exam Formulas

Formulas to memorize for PMP.

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PMP ITTO Chart

Input, Tools & Technique, Output for each process forms the basis for PMBOK. Here are all the ITTO for all 42 Processes in PMBOK4.

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Project Management vs. Program Management vs. Portfolio Management

Project Management is the application of Tools and Techniques to meet Project Objectives. Project Management requires balancing key project constraints such as Scope, Schedule, Cost, Quality, Risk, Resources. Constraints are interdependent and changing one constraint impacts other constraints. Read More »

Is PMP Worth the Cost and Effort?

The question is difficult to answer, as individual experience might vary. The hiring manager will most likely put far more emphasis on previous experience and accomplishments and the relevance of experience for current job. The credential is very well recognized in Project Management field and will add value to resume and profile. However, it would be difficult to put a definite ROI figure.

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Understanding PMP Exam Format

It is important to understand exam format and what to expect during PMP Exam. Read More »

PMP Exam tips

Keep following tips in mind while taking exam. Read More »

Transaction in area NN contradicts the net book value rule

You get this error when you try to post value to asset such as special or unplanned depreciation which will make the Net book value of asset negative. Read More »

Do I qualify for PMP Exam?

PMP is a prestigious designation with stringent requirements. Read More »