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SAP FICO Interview Questions and Answers 2016 PDF Book

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SAP FICO Interview Questions and Answers 2016 PDF Book
Stechies

Master Data

How can you link customer and vendor master records and what is the purpose of doing so ?

A: On the customer master there is a field "vendor" and likewise on the vendor master there is a field "customer".

By entering these master data numbers, a link can be created between the AP/AR subledgers for use in the payment program, dunning routine and the clearing of open items.

For example in the payment program, if a specific business partner is your vendor but also your customer, linking their master records together will allow the open AR invoices to be offset against the outstanding AP invoices. 

TABLE OF CONTENTS

TABLE OF CONTENTS...............................................3

Part I: Accounts Payable (AP)..........................7

Question 1: Additional Log ........................................8
Question 2: Master Data ............................................9
Question 3: Payment Terms ....................................10
Question 4: Baseline Date .........................................10
Question 5: One Time Vendor ..................................11
Question 6: AP Vendor Group..................................12
Question 7: Payment Run .........................................13
Question 8: Payment Methods.................................14
Question 9: Electronic Banking ...............................16

Part II: Accounts Receivable (AR) .................17

Question 10 : Residual Payments.............................18
Question 11 : Correspondence Types......................19
Question 12: Dunning ...............................................20
Question 13 : Reason Codes ......................................21

Part III: Document Postings..........................22

Question 14: Rate factors .........................................23
Question 15: Parking Documents............................24
Question 16: Document Currency...........................25
Question 17: Substitution Rules ..............................26
Question 18: Exchange Rate Types.........................27
Question 19: Calculated Rate v Header Rate.........28
Question 20: Foreign Currency...............................29
Question 21: FB50 vs. FB01......................................29
Question 22: Validation Rules.................................30
Question 23: Internal Number Assignment ...........31

Part IV: General Ledger.................................32

Question 24: Transporting Tax Codes....................33
Question 25: GR/IR Clearing ..................................34
Question 26: Account Type Field............................35
Question 27: Alternative Account ...........................36
Question 28: GL Views .............................................37
Question 29: Sort Key...............................................38
Question 30: Fiscal Year Variant .............................39
Question 31: Special Periods....................................40
Question 32: GL Status Groups...............................41
Question 33: Recurring Entries...............................42
Question 34: Currency Revaluation........................43
Question 35: Account Clearing ................................44

Part V: Controlling (CO)................................45

Question 36: Disposing Assets ................................46
Question 37: Account Assignment Models ............46
Question 38: CO-PCA ...............................................47
Question 39: Value Field ..........................................48
Question 40: Characteristic Field ...........................48
Question 41: COPA Basis..........................................49
Question 42: Operating Concern .............................50
Question 43: Internal Orders ..................................50
Question 44: Settlement Receivers.........................52
Question 45: Performance Issues ............................53
Question 46 : Internal Order Controls ....................54
Question 47: Assessment vs. Distribution..............55
Question 48: Reconciliation Ledger .......................56
Question 49: Freeze Data.........................................57
Question 50: Statistical Key Figures.......................58

Part VI: Fixed Assets (FA) .............................59

Question 51: Fixed asset reconciliation ..................60
Question 52: Acquisition Costs ...............................61
Question 53: Sub assets.............................................62
Question 54: Asset Under Construction ................63
Question 55: Evaluation Groups .............................64
Question 56: Fixed Asset Depreciation...................65
Question 57: Smoothing and Catchup....................66

Part VII: Org Structure & Module Integration67

Question 58: FI Global Settings ...............................68
Question 59: Financial Statement ..........................68
Question 60: New Company Code..........................69
Question 61: Chart of Accounts ...............................70
Question 62: What is stored in table T001 ?..........72
Question 63: Company Code ...................................72
Question 64: SD and AR...........................................73
Question 65: MM and AP.........................................74
Question 66: Batch Input ..........................................75
Question 67: Commitment Line Items...................76
Question 68: Special Purpose Ledger ..................... 77
Question 69: Using Special Purpose Ledger ..........78
Question 70: BSEG, BKPF, GLTO...........................79
Question 71: COEP, CSKA, CE1XXXX ...................80
Question72 : LSMW...................................................81
Question 73: Credit Checks.......................................82
Question 74: Report Painter.....................................84
Question 75: User Exits............................................85

Part II: Table & Transaction Code Reference................86

Table List.....................................................................87

Transaction Code List................................................90

INDEX.........................................................................117


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Comments

  • 09 Aug 2017 3:17 pm

    1. What are the number of periods available in calendar year?

    2. What is the possible digit length of an internally generated vendor or customer number?

    3.When the automatic clearing program is activated the base documents are parked or cleared or posted or archived?

    4. Can a vendor invoice be entered in SD module?

    5. Is the block key and payment method from payment term defaulted in the line item when payment term is used?

    6. Posting using special g/l updates spl purpose ledger. Does it also update any other ledger?

    7. What is the implication of using same posting period variant for different company codes?

    8. What different accounts are hit by a down payment request?

    9. Can a P&L and B/s be generated for these combination of organisation entries- Cocd & BA; Cocd & PC; Cocd & cost center; PC& BA?

    10. Fields available for posting in a transaction are controlled through field status group at posting key level only. T/F

    11. When is the BA level balance sheet self balanced?

    12. The document currency can be any currency or it has to be same as cocd currency or g/l currency?

    13. What sort key is used to sort line items by document currency amount?

    14. What is the difference between Bank Accounting & Treasury? 

    Solution:Bank accounting is basically day to day accounting like contrac / BP/BR/interest  etc but treasury is different from Bank Accounting  it's relate to Forex or  it's related like Bank Gurantee / foreign remittance / letter of credit and it's related entry  i.e interest on term loan / disbursement of loan / panalty  etc ............ these are the different concept

    15. I am learning consolidation. Please reply with some documents for configuration or presentation. Or please let me know couple of configuration steps.

    16. What is the t-code or procedure to to copy an existing or standard SAP report in controlling and modify it for new requirement?

    Thanks in advance for the answers.

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