SAP FICO Interview Questions

SAp FICO Interview questions

Technical interview -I
• What do understand by intercompany posting? we need to assign Company with respect to company Code.
• What is the use Charts of deprecation? Its country specific or company code Specific?
• Do you have any idea of installment payment?
• Where we maintain Exchange rate, it is Client dependent or company Code dependent?
• Can we have Customer as vendor and Vendor as Customer?
• How you are going to handle bad debts in Sap?
• What is group Charts of Accounts in SAP ?
• What is difference between in Mc.9 vs MB5B
• What is clearing account in Bank ?
• What you understand by next payment run date?
• How stock write of take place in SAP?
• What are Depreciation and COGS entries in SAP ?
• What you understand deferred Tax ?
• Head office and branch office transaction?
• What you understand mark for deletion GL and Blocked GL?

Technical interview –II
• How flexible you are ?
• Which ticketing tool you are using?
• Do you have an idea about SLV?
• What is difference between workbench and Customized Request?
• Wat you understand by r.e.c.e.f?
• How you handle change request in SAP?
• Idea about System landscape?
• Any idea about badi , bapi and lsmw in SAP
• What do you understand by user exit?

Managerial round for Skill Sets-III
• Since how long you are working in present Company?
• Why you are looking for change?
• Are you ready for relocation?
• Your present Salary str ?
• How flexible you are ?
• Do you receive any award or recognition from present company?
• Where you see yr self after 5 yrs down the line?

HR round
• Salary negotiation
• Why you have jumped so many Companies?
• Why you have GAP in your resume

SAP FICO Online Training

What is SAP FICO and Introduction to SAP

Responsibility of a Consultant

Responsibility of a Consultant is to “Configure” and “Customize” SAP to “suit the business process requirements” of client’s Company.

Creation of new objects in SAP system is referred to as “Configuration” whereas making changes to existing objects is called as “Customization”.

ERP stands for Enterprise Resources Planning

Resources can be classified in to 4 categories, they are

1.Men

2.Machines

3.Material and

4.Money

The objective of an Enterprise is to get maximum profit from their investments.

The exercise “Planning” gives an Enterprise, the direction. Planning helps us to take decision by providing inputs required.

As this software helps Enterprises in planning their resource utilization, it is called as Enterprise Resource Planning Software.

Modules in SAP

SAP is an Enterprise level application. It is difficult for a person to understand and work with the entire Organization. So, for the convenience the Product is divided in to smaller parts called “Modules”.

When the product is divided in to Modules, business functions are taken as basis. All business functions like Planning, Procurement (Purchases), Marketing, Accounting, Costing etc. are identified as “Functional Modules”. As each Module represents a Function in business, it is called as a “Functional Module”.

Important Functional modules

FI – Financial Accounting

CO – Controlling

SD – Sales & Distribution

MM – Materials Management

PP – Production Planning

PS – Project Systems

HCM – Human Capital Management (HR) Etc.

Important Technical Modules

ABAP / 4 – Advanced Business Application Programming (4th Generation) Basis – Systems & Database Administration

Components in SAP Financial Accounting Module

Part A: SAP Enterprise Structure

Part B: 1. General Ledger

2.Accounts Payable

3.Accounts Receivable

4.Asset Accounting Part C: Reports

Components in SAP Controlling Module

Part A: Controlling Area and its supporting objects

Part B: 1. Cost Element Accounting

2.Cost Center Accounting

3.Order Management

4.Profit Center Accounting

5.Product Costing

6.Profitability Analysis

Integration

1.Integration of FI/CO with MM Module

2.Integration of FI/CO with SD Module

Introduction: Integration means “connecting”. All the Modules in SAP system are already inter- connected with each other. Under this heading, we do not “connect” all these Modules with each other. We facilitate “automatic posting” of information between different modules to save time and effort of the end users. We also maintain “Integrity” of the data by integrating all these Modules with each other.

SAP Name and Architecture

SAP stands for Systems, Applications and Products in Data Processing

R/3 – Real time – 3 Tier Architecture

3 Tier Architecture:

1.Application Server

2.Database Server

3.Presentation Server (Client)

ECC stands for “Enterprise Central Component”.

Data processing Methods

There are two methods of processing data. They are

1.Batch processing

2.Real time processing

SAP is predominantly a Real time processing system. Batch processing functionality is also available basin on the requirements of different components.

Consultant: Consultant in SAP context is a person who understands client company’s requirements and configures / customizes SAP to suit the business process requirements of Clients Company.

End user: Employee working in a Client’s company is referred to as“End user”or“User.

Implementation Partner: Company which implements SAP for a client company is called as implementation partner in SAP practice.

Client: This term is used in our classes in two different contexts with two different meanings.

1.In Networking context: A machine in a Network which depends on a Server for resources.

2.In Business context: An entity getting services from a professional is known as Client.

Business Process: The step-by-step procedure used to carry out a business activity is known as

“Business Process”

Brief Notes on Components in SAP FI Module

Basic Settings / SAP Enterprise Structure: In Basic Settings, we create the Enterprise Structure and all the supporting objects required to create Master records and to post all types of GL documents.

We have 4 Components in FI Module. They are

1.General Ledger

2.Accounts Payable

3.Accounts Receivable and

4.Asset Accounting