What is the difference between business area and profit center?

Business area is where the total business is valuated as a whole

Whereas Profit centre is an area where the company/work place allows the outside agency to use its machinery for external profits (eq: A CNC machine which can run 24 hrs a day is utilized in our company for 15 hrs and the balance 9 hrs is let out for addition to the company’s profit) is known as Profit Centre.

Business area is related term to FI module and Profit centre is related to CO module. One business area can have one or more profit centers.

Business area is gared on external accounting where as profit centers are used for internal accounting purposes

What is difference between business area or cost centre?

Business area is a place where the product or the produced components are valued in group or for the total transactions carried out, Right from procurement, production and sales of goods.

Wheras Cost centre is a particular area where the production or the project is taken up and expenditure is identified separately with a separate GL account

How to integrate MM With Fico?

1. By using transaction code OBYC we can get the details of MM, Fico integration.

2. Go to IMG settings in Financial accounting and do the configuration for MM-FI settings

3. Value from MM to FI is defined in OBYC…. on the material master the flow of values are assigned on the Costing, Accounting, etc tabs where the system helps to post the necessary stock values into the appropriate GL accounts. Helps to determine, the GL accounts updated when there is a movement of goods.

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

 ICM_HTTP_TIMEOUT error

There are two ways of changing this timeout: 

check out note: 824554 and change it in the instance profile

TCODE SXMB_ADM -> Configure Integration server -> change specific identifiers

Set Runtime parameter: HTTP_TIMEOUT

Restart XI after the change

How can I access SDL logs?

Use this link:
http://server:port/sld/admin/log.jsp

What is the difference between Type and Like?

TYPE, you assign datatype directly to the data object while declaring.
LIKE,you assign the datatype of another object to the declaring data object. The datatype is referenced indirectly.

Type is a keyword used to refer to a data type whereas Like is a keyword used to copy the existing properties of already existing data object.

Define Meta data, Master data and Transaction data ?

Meta Data: Data that describes the structure of data or MetaObjects is called Metadata. In other words data about data is known as Meta Data. Master Data: Master data is data that remains unchanged over a long period of time. It contains information that is always needed in the same way. Characteristics can bear master data in BW. With master data you are dealing with attributes, texts or hierarchies. Transaction data: Data relating to the day-to-day transactions is the Transaction data.