CoolInterview.com - World's Largest Collection of Interview Questions
Interview Success Kit - 9,000 Interview Que. & Ans.
Covers 9,000+ Interview Questions asked in actual MNC Interviews - all with model answers.
Start Your Own website Now
Sponsored Links

Interview Questions
Our Services


INTERVIEW QUESTIONS ACCOUNTS ACCOUNTS PAYABLE DETAILS
Question :
What do you understand by Intercompany Settlement?


Category Accounts Payable Interview Questions
Rating (0.3) By 43 users
Added on 7/21/2006
Views 1727
Rate it!
Answers:

A key functional area of SAP for Utilities that supports cross-company exchange of settlement data based on international standards such as EDI, XML, and Microsoft Excel.

Intercompany data exchange manages data transfer between retailers, distributors, and independent service operators with special regard to the requirements in deregulated markets.




It means to know the exact profitability of each division. Whateever they take in terms of funds,items should be reconciled at the end.



Posted by: Anoop Kapoor    

Contact Anoop Kapoor Contact Anoop Kapoor

Intercompany settlement is a type of adjustment of funds made between two parental companies.
lets take an example:
If Co.A Sell goods worth $1000.00 to its own Subsidry Co.B and in the meanwhile Co.B sell goods worth $8000.00 to Co.A(it has to be in same FY), then at the end of the Financial Year Co.B has to pay only $2000.00 to Co.A. Co.A will pass an adjustment entry in their books for the difference amount.
(In case of other vendors this procedure cannot be followed)



Posted by: Abhishek Mathur    

Contact Abhishek Mathur Contact Abhishek Mathur

If you have the better answer, then send it to us. We will display your answer after the approval.
Rules to Post Answers in CoolInterview.com:-

  • There should not be any Spelling Mistakes.
  • There should not be any Gramatical Errors.
  • Answers must not contain any bad words.
  • Answers should not be the repeat of same answer, already approved.
  • Answer should be complete in itself.
  • Name :*
    Email Id :*
    Answer :*
    Verification Code Code Image - Please contact webmaster if you have problems seeing this image code Not readable? Load New Code
    Process Verification  Enter the above shown code:*
    Inform me about updated answers to this question

       
    Related Questions
    View Answer
    What is FBT(Fringe Benefit Tax)??
    View Answer
    What is debit and credit from the banks point of view ?
    View Answer
    What is meant by liabilities ?
    View Answer
    What is debit and credit from the customer point of view ?
    View Answer
    What steps would you take before making a payment?
    View Answer
    1. If assume we paid 50/- as an advance for worth or 100/- goods, but our supplair sent only up to 25/- worth of goods. Know My question is that we want to close the transaction now. How it possible?
    2. what about VAT like Tax Setups in AP and AR?
    3. what about the SWEEP command in AP?
    View Answer
    What are seps to define supplier?
    View Answer

    Please Note: We keep on updating better answers to this site. In case you are looking for Jobs, Pls Click Here Vyoms.com - Best Freshers & Experienced Jobs Website.

    View ALL Accounts Payable Interview Questions

    User Options
    Sponsored Links


    Copyright ©2003-2016 CoolInterview.com, All Rights Reserved.
    Privacy Policy | Terms and Conditions

    Download Yahoo Messenger | Placement Papers| FREE SMS | ASP .Net Tutorial | Web Hosting | Dedicated Servers | C Interview Questions & Answers

    Testing Articles | Testing Books | Testing Certifications | Testing FAQs | Testing Downloads | Testing Interview Questions | Testing Jobs | Testing Training Institutes


    Cache = 0 Seconds