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FI-CO Interview Questions & Answers

The document contains questions and answers related to SAP FI-CO module. It discusses topics like MT process, purpose of reconciliation accounts in SAP, types of payment methods in APP, number of chart of accounts that can be assigned to a company code and difference between screen layout and account groups. The responses provide details about the concepts and step-by-step solutions to issues raised in the questions.

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93 views7 pages

FI-CO Interview Questions & Answers

The document contains questions and answers related to SAP FI-CO module. It discusses topics like MT process, purpose of reconciliation accounts in SAP, types of payment methods in APP, number of chart of accounts that can be assigned to a company code and difference between screen layout and account groups. The responses provide details about the concepts and step-by-step solutions to issues raised in the questions.

Uploaded by

Amar Nath
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

9/21/13

FI-CO interview questions and answers :: ALL Interview .com

Browse | Placement Paper Post Question |

Categories >> Software >> ERP-CRM >> SAP >> FI-CO

e l lm ea b o u tM T Sp r o c e s s ? Question t

Question Submitted By :: Sapramesh888 Answer

M a k et os t o c km e a n sp r o c e s sm e a n sc o m p a n yp r o d u c et h e p r o d u c t si na d v a n c ea n dp u ti ns t o c kt os a t i s f yt h ec u s t o m e r n e e d s

Question p l zg i v ee ma n s w e ri nd e t a i l s Question Submitted By :: Surabh This Interview Question Asked @ HP Answer

w h yw en e e dr e c o n c i l i a t i o na c c o u n ti nS A Pf o rA Pa n dA R

A Pa n dA Ra r es u bl e d g e r st oG L ,t h er e c o n c i l i a t i o na c c o u n t sh e l pt ou p d a t et h et r a n s a c t i o n si nG Lw h a t e v e rw ee n t e ri nA Pa n dA R

Answer

f o rac o m p a n ym a n yc u s t o m e r sa n dv e n d o r sa r ep r e s e n tt h e r ei so p u r t u n i t yt oc r e a t eag lt oe a c hc u s t o m e ro rv e n d o rb u tw ec a n tc r e a t el

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Answer

A ss i m p l ea st h a ti sf o rA pt e a md o n th a v ea c c e s sf o rA r t e a ma n dA rt e a md o n th a v ea c c e s sf o rA pT e a m . S ow en e e d r e c o n c i l i a t i o n ( i n t e r e m )a c c o u n tt op a s st h ec o r r e s p o n d i n g l e ge n t r yb ye a c ht e a m .

Answer

T oc a r r yf w dt h eb a l a n c e so fs u b l e d g e ra / c sw en e e d r e c o n c i l a t i o na / c s

Answer

A Ra n dA Pa r et h es u b s i d i a r yl e d g e rt oF I . W h e ny o up o s ti t e m st oas u b s i d i a r yl e d g e r ,t h es y s t e m a u t o m a t i c a l l yp o s t st h es a m ed a t at ot h eg e n e r a ll e d g e r . E a c hs u b s i d i a r yl e d g e rh a so n eo rm o r er e c o n c i l i a t i o n a c c o u n t si nt h eg e n e r a ll e d g e r .T h e s er e c o n c i l i a t i o n a c c o u n t se n s u r et h a tt h eb a l a n c eo fG / La c c o u n t si sa l w a y s z e r o .T h i sm e a n st h a ty o uc a nd r a wu pb a l a n c es h e e t sa ta n y t i m ew i t h o u th a v i n gt ot r a n s f e rt o t a l sf r o mt h es u b l e d g e r s t ot h eg e n e r a ll e d g e .

Answer

A sa ne n du s e r ,W h e na ne n t r yi sp o s t e df o rA R / A P t r a n s a c t i o n s .I ti sr e f l e c t e di nA R / A Ps u bl e d g e r so n l y . H o w e v e rr e c o n c i l i a t i o na c c o u n t se n s u r e st h ea u t o m a t i c p o s t i n gt oM a i nG La / c s . I no t h e rw o r d sR e c o n c i l i a t i o na c c o u n t se n s u r e sa u t o m a t i c p o s t i n g sf r o mS u bl e d g e rt oM a i nl e d g e r

Question

l i n ei t e m srs h o w i n gi no p e ni t e m s ( t . c o d ef b l 1 n ) ,w h i l e c l e a r i n gt h ea c c o u n t si nf 2 8 ,t h o s ed o c u e m t n sw h i c hr s h o w i n gi nt h et . c d e f b l 1 ni sn o tp i c k i n g . W a i t n gf o rurr e p l i e s T h a n k si nA d v a n c e

Question Submitted By :: [Link] Answer


h i , f b l 1 ni sv e n d o rl i n ei t e md i s p l a y . . . . . . o u tg o i n gp a y m e n tt ov e n d o ri sf 5 3 . . . . . . . . f b l 5 ni sc u s t o m e rl i n ei t e md i s p l a y . . . . . . . i n c o m i n gp a y m e n tt oc u s t o m e ri sf 2 8 . . . . . . . i ft h i si sn o tt h ea n si ny o u rc a s ep l e a s el e tm ek n o ww h a t y o ua r ed o i n g . . . . .

o wm a n yt y p eo fA P Pw ec a nr u n. , , ,w h a ra r ea p pp r o g r a m Question h

Question Submitted By :: Surabh This Interview Question Asked @ Yash-Technologies


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It h i n kum e a n tt oa s ka b o u tp a y m e n tm e t h o d si nA P P , b a s i c a l l yt h e r ea r e3p a y m e n tm e t h o d si nA P Pw h i c ha r ea s f o l l o w s : 1 .C h e c km e t h o d 2 .B a n kt r a n s f e ra n d 3 .w i r et r a n s f e r .

Answer

Question a s s i g n ?

F o ro n ec o m p a n yc o d em a xh o wm a n yc h a r to fa c c o u n t sc a nw e

Question Submitted By :: Skumarvtp This Interview Question Asked @ HCL , Accenture Answer
3V O Aw ec a na s s i g nm a x ( 1o p e r a t i n gC O A&1g r o u p&1C o u n t r y )

Answer

w es h o u l da s s i g no p e r a t i o n a lc h a r to fa c c o u n tt h i si sm a n d a t o r y ,w eh a v et oa s s i g ng r o u pc h a r to fa c c o u n tt oo p e r a t i o n a lc h a r to fa c c o u

Answer

F o ro n ec o m p a n yc o d e ,s h o u l dh a v eo n l y1o p e r a t i v ec h a r to f a c c o u n t .A n do p e r a t i v ec h a r to fa c c o u n tc a nh a v eam u l t i p l e c o m p a n yc o d e . C o r r e c tm e , I fIa mw r o n g V i v e k

Answer

W ec a na s s i g nt h r e ec h a r to fa c c o u n t st oac o m p a n yc o d e . 1 .o p e r a t i o n a lc h a r to fa c c o u n t s( m a n d a t o r y ) 2 .G r o u pC o a( o p t i o n a l ) 3 .C o u n t r yc o a . g r o u pa n dc o u n t r yc a oa r eu s e dd e p e n d i n go nb u s i n e s s r e q u i r e m n t s .

Answer

w ec a na s s i g no n l yo n ec h a r tc h a r to fa c c o u n tt oac o m p a n y c o d e

Answer

W ec a na s s i g nt h r e ec h a r to fa c c o u n t st oac o m p a n yc o d e . 1 .o p e r a t i o n a lc h a r to fa c c o u n t s( m a n d a t o r y ) 2 .G r o u pC o a( o p t i o n a l ) 3 .C o u n t r yc o a . g r o u pa n dc o u n t r yc a oa r eu s e dd e p e n d i n go nb u s i n e s s r e q u i r e m n t s .

Question a n d"a u t o m a t i cc r e a t i o no fc o s te l e m e n t "m e a n ? [Link]/showqa/FI-CO/[Link]

Ac r e a t i o nw h a td o e s "m a n u a lc r e a t i o no fc o s te l e m e n t"

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9/21/13 FI-CO interview questions and answers :: ALL Interview .com Question a n d"a u t o m a t i cc r e a t i o no fc o s te l e m e n t "m e a n ?

Question Submitted By :: Sonia Answer

i nm a n u a lc r e a t i o no fc o s te l e m e n tw ec a nc r e a t eac o s te l e m e n ta tat i m e ,i na u t o m a t i cc r e a t i o nw ec a nc r e a t em o r et h a no n ea tat i m e

Answer

y e s ,i nm a n u a lc r e a t i o nw ec a nc r e a t eo n eb yo n ec o s te l e m e n tu s i n gtc o d eK A 0 1 . I na u t o m a t i cc r e a t i o nw ec a nc r e a t en oo fc o s te l e m e n t sb yg i v i n gr a n g e1 t o9 9 9 9 9 9 9 .u s i n gt c o d e : o k b 2 .

. w h a ti st h ed i f fb e t w e e ns c r e e nl a y o u ta n da c c o u n tg r o u p s ? Question Q

Question Submitted By :: Skumarvtp This Interview Question Asked @ Tech-Mahindra Answer

s c r e e nl a y o u th e l pt oc o n t r o lt h ef i e l d sw h i l ec r e a t i o no fm a s t e rd a t a ,a c c o u n tg r o u pi sc l a s s i f i c a t i o no fa c c o u n ta sp e rt h ea c c o u n tn

Question

H ie x p e r t sc a na n y b o d yp r o v i d et h es o l u t i o nf o rt h es a m e ,i c o n f i g u r e di n t e r e s tc a l c u l a t i o nf o rt h es a m e ,w h i l er u n n i n g i n tc a lw i t hF . 5 2 ,t h ei s s u er i s i n g"n og e n e r a li n tt e r m s a r em a i n t a i n e df o rt h ef o l l o w i gi n tc a li n d i c a t r o s( a c c o u n t n u m b e r s ) .c r e a t et h e s ew i t ht r a n s a c t i o nO B A A i n ti n d 0 0 0 0 1 3 0 0 0 0

Question Submitted By :: Guest Answer


T h ef o l l o w i n gs t e p sa r ei n v o l v e di ni n t e r e s tc a l c u l a t i o n . 1 .D e f i n ei n t e r e s tc a l c u l a t i o nt y p e s( O B 4 6 ) 2 .P r e p a r ea c c o u n tb a l a n c ei n t e r e s tc a l c u l a t i o n( O B A A ) 3 .D e f i n er e f e r e n c ei n t e r e s tr a t e( O B A C ) 4 .D e f i n et i m ed e p e n d e n tt e r m s( O B 8 1 ) 5 .E n t e ri n t e r e s tv a l u e s( O B 8 3 ) 6 .C r e a t i o no fGLA c c o u n t s( F S 0 0 ) 7 .D e f i n ea u t o m a t i cp o s t i n g( O B V 2 ) 8 .E n t r yf o rl o a n( F 0 2 ) 9 .I n t e r e s tc a l c u l a t i o nr u n( F . 5 2 ) S t e p0 1 :D e f i n ei n t e r e s tc a l c u l a t i o nt y p e s( O B 4 6 ) : S p r o / i m g / f i n a n c i a la c c o u n t i n g / GLA c c o u n t i n g / b u s i n e s s t r a n s a c t i o n s / b a n kA / Ci n t e r e s tc a l c u l a t i o n / i n t e r e s t c a l c u l a t i o ng l o b a ls e t t i n g s / d e f i n ei n t e r e s tc a l c u l a t i o n t y p e s . G ot on e we n t r i e s I n t e r e s tI dN a m eI n t e r e s tc a l c u l a t i o nt y p e V 1b a l a n c ei n t e r e s tt y p eS V 2i t e mi n t e r e s tt y p eP S a v e S t e p0 2 :P r e p a r ea c c o u n tb a l a n c ei n t e r e s tc a l c u l a t i o n ( O B A A ) : S p r o / i m g / f i n a n c i a la c c o u n t i n g / G LA c c o u n t i n g / b u s i n e s s t r a n s a c t i o n s / b a n ka c c o u n ti n t e r e s tc a l c u l a t i o n s / i n t e r e s t c a l c u l a t i o ng l o b a ls e t t i n g s / p r e p a r ea c c o u n tb a l a n c ei n t e r e s t c a l c u l a t i o n . G ot on e we n t r i e s G i v ec a l c u l a t i o ni n d i c a t o r:V 1 I n t e r e s tc a l c u l a t i o nf r e q u e n c y:0 1 C a l e n d a rt y p e:G( 2 8 ,2 9 ,3 0 ,3 1 ) G i v en u m b e rr a n g e:0 3 S e l e c tb a l a n c ep l u si n t e r e s t . S a v e

G ot on e we n t r i e s . C a l c u l a t i o ni n d i c a t o r:V 2 I n t e r e s tc a l c u l a t i o nf r e q u e n c y:0 1

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I n t e r e s tc a l c u l a t i o nf r e q u e n c y:0 1 C a l e n d a rt y p e:G N u m b e rr a n g e:0 3 S e l e c tb a l a n c e+ i n t e r e s t S a v e

FI-CO interview questions and answers :: ALL Interview .com

S t e p0 3 :D e f i n er e f e r e n c ei n t e r e s tr a t e( O B A C ) : S p r o / i m g / f i n a n c i a la c c o u n t i n g / GLA c c o u n t i n g / b u s i n e s s t r a n s a c t i o n s / b a n ka c c o u n ti n t e r e s tc a l c u l a t i o n / i n t e r e s t c a l c u l a t i o n / d e f i n er e f e r e n c ei n t e r e s tr a t e s . G ot on e we n t r i e s R e f e r e n c ei n t e r e s tr a t e:V 1 L o n gt e x t:1 2 % b a l a n a c ei n t e r e s t S h o r tt e x t:1 2 %b a l a n c ei n t e r e s t D a t ef r o m:1 . 4 . 2 0 0 6 C u r r e n c y:I n r S a v e G ot on e we n t r i e sF 8 R e f e r e n c ei n t e r e s tr a t e:V 2 L o n gt e x t:1 5 %i t e mi n t e r e s t S h o r tt e x t:1 5 % i t e mi n t e r e s t D a t ef r o m:1 . 4 . 2 0 0 6 C u r r e n c y:I n r S a v e S t e p0 4 :D e f i n et i m ed e p e n d e n tt e r m s( O B 8 1 ) : S p r o / i m g / f i n a n c i a la c c o u n t i n g /GLA c c o u n t i n g / b u s i n e s s t r a n s a c t i o n s / b a n ka c c o u n ti n t e r e s tc a l c u l a t i o n / i n t e r e s t c a l c u l a t i o n / d e f i n et i m ed e p e n d e n tt e r m s . G ot on e we n t r i e s I n t e r e s tc a l c u l a t i o ni n d i c a t o r:V 1 C u r r e n c yk e y:I n r E f f e c t i v ef r o m:1 . 4 . 2 0 0 6 S e q u e n t i a ln o:0 1 T e r m:d e b i ti n t e r e s tb a l a n c ei n t e r e s tc a l c u l a t i o n R e f e r e n c ei n t e r e s tr a t e:V 1 S a v e

G ot on e we n t r i e so rf 8 I n t e r e s tc a l c u l a t i o ni n d i c a t o r:V 1 C u r r e n c y:I n r E f f e c t i v ef r o m:1 . 4 . 2 0 0 6 S e q u e n t i a ln o:0 2 T e r m:c r e d i ti n t e r e s tb a l a n c ei n t e r e s tc a l c u l a t i o n R e f e r e n c ei n t e r e s tr a t e:V 1 S a v e G ot on e we n t r yo rf 8 I n t e r e s tc a l .I n d i c a t o r:V 2 C u r r e n c y:I n r E f f e c t i v ef r o m:1 . 4 . 2 0 0 6 S e q u e n t i a ln o:0 1 T e r m:d e b i ti n t e r e s ta r r e a r si n t e r e s tc a l c u l a t i o n R e f e r e n c er a t e:V 2 S a v e G ot on e we n t r yo rf 8 I n t e r e s tc a l .I n d i c a t o r:V 2 C u r r e n c y:I n r E f f e c t i v ef r o m:1 . 4 . 2 0 0 5 S e q u e n t i a lf r o m:0 2 T e r m:c r e d i ti n t e r e s ta r r e a r si n t e r e s tc a l c u l a t i o n R e f e r e n c er a t e:V 2 S a v e S t e p0 5 :E n t e rR e f e r e n c eI n t e r e s tR a t eV a l u e s( O B 8 3 ) : S p r o / i m g / f i n a n c i a la c c o u n t i n g / GLA c c o u n t i n g / b u s i n e s s t r a n s a c t i o n s / b a n kA / Ci n t e r e s tc a l c u l a t i o n / i n t e r e s t c a l c u l a t i o n / e n t e ri n t e r e s tv a l u e s . G ot on e we n t r i e s R e f e r e n c ei n t .r a t ev a l u e se f f e c t i v ef r o mi n t e r e s tr a t e V 11 . 4 . 2 0 0 61 2 V 21 . 4 . 2 0 0 61 5 S a v e G ot oT . C o d e : O B D 4t oc r e a t es e c u r e dl o a n sa c c o u n tg r o u p . G ot on e we n t r i e s C h a r to fa c c o u n t sa / cg r o u pn a m ef r o ma c c o u n tt oa c c o u n t 1 1 1 6S E L Os e c u r e dl o a n s1 0 0 3 0 01 0 0 3 9 9 1 1 1 6I N T Ri n t e r e s t4 0 0 1 0 04 0 0 1 9 9 -S a v e

S t e p0 6 :C r e a t i o no fGLA c c o u n t s( F S 0 0 ) : GLA / Cn o:1 0 0 3 0 5 C o m p a n yc o d e:1 1 1 6 S e l e c tc r e a t eb u t t o n

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A c c o u n tg r o u p:s e c u r e dl o a n s S e l e c tb a l a n c es h e e ta c c o u n t S h o r tt e x t: I BODA c c o u n t L o n gt e x t: I n d i a nb a n ko v e r d r a f ta c c o u n t S e l e c tc o n t r o ld a t at a b S e l e c to n l yb a l a n c e si nl o c a lc u r r e n c i e s S e l e c to p e ni t e m S e l e c tl i n ei t e md i s p l a y S o r tk e y:0 0 2 S e l e c tc r e a t e / b a n k / i n t e r e s tt a b F i e l ds t a t u sg r o u p:G 0 0 5 S e l e c tr e l e v a n tt oc a s hf l o w I n t e r e s tc a l c u l a t i o ni n d i c a t o r:V 1 S a v e G i v eGLA / Cn o:4 0 0 1 0 5 C o m p a n yc o d e:1 1 1 6 S e l e c tc r e a t eb u t t o n A c c o u n tg r o u p:i n t e r e s t S e l e c tp r o f i ta n dl o s sa c c o u n t S h o r tt e x t:i n t e r e s to nODA c c o u n t L o n gt e x t:i n t e r e s to nODA c c o u n t S e l e c tc o n t r o ld a t at a b . S e l e c to n l yb a l a n c e si nl o c a lc u r r e n c i e s S e l e c tl i n ei t e md i s p l a y S o r tk e y:0 0 2 S e l e c tc r e a t e / b a n k / i n t e r e s tt a b F i e l ds t a t u sg r o u p:G 0 0 1 S a v e

S t e p0 7 :D e f i n ea u t o m a t i cp o s t i n ga c c o u n t( O B V 2 ) : S p r o / i m g / f i n a n c i a la c c o u n t i n g / GLA c c o u n t i n g / b u s i n e s s t r a n s a c t i o n s / b a n kA / Ci n t e r e s tc a l c u l a t i o n s / i n t e r e s t p o s t i n g / p r e p a r eGLA / Cb a l a n c ei n t e r e s tc a l c u l a t i o n G ot oa c c o u n t s C h a r to fa c c o u n t s:1 1 1 6 A / Cs y m b o lc u r r e n c yGLA / C 0 0 0 2I n r4 0 0 1 0 5 ( i n t e r e s to noda c c o u n t ) 2 0 0 0I n r1 0 0 3 0 5 (IBoda c c o u n t ) S a v e

S t e p0 8 :E n t r yf o rl o a n( F 0 2 ) : G i v ed o c u m e n td a t e:1 . 4 . 2 0 0 6 P o s t i n gd a t e:1 . 4 . 2 0 0 6 T y p e:S A C o m p a n yc o d e:1 1 1 6 C u r r e n c y:I N R P o s t i n gk e y:4 0 GLA c c o u n t:2 0 0 0 0 5 ( I n d i a nb a n ka / c ) E n t e r A m o u n t:2 5 0 0 0 0 0 B u s i n e s sa r e a:T I S C V a l u ed a t e:1 6 . 0 7 . 2 0 0 6 T e x t:l o a nr e c e i v e d P o s t i n gk e y:5 0 GLA c c o u n t:1 0 0 3 0 5 ( b a n ko fB a r o d aODa c c o u n t ) E n t e r A m o u n t:* B u s i n e s sa r e a:T I S C T e x t:+ S a v e S t e p0 9 :I n t e r e s tc a l c u l a t i o nr u n( F . 5 2 ) : A c c o u n t i n g / f i n a n c i a la c c o u n t i n g / g e n e r a ll e d g e r / p e r i o d i c p r o c e s s i n g / i n t e r e s tc a l c u l a t i o n / b a l a n c e s G i v ec h a r to fa c c o u n t s:1 1 1 6 GLA / Cn o:1 0 0 3 0 5 ( b a n koda c c o u n t ) C o m p a n yc o d e:1 1 1 6 C a l c u l a t i o np e r i o d:1 . 7 . 2 0 0 6t o3 1 . 7 . 2 0 0 7 S e l e c tl e a py e a r . S e l e c tp o s ta l s oi fv a l u ed a t ei np a s t S e l e c tu p d a t em a s t e rr e c o r d s E x e c u t e

[Link]/showqa/FI-CO/[Link]

G ot os y s t e mo nm e n ub a r . S e l e c ts e r v i c e s S e l e c tb a t c hi n p u t S e l e c ts e s s i o n s

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S e l e c ts e s s i o n s S e l e c tR F S Z I S 0 0 S e l e c tp r o c e s s S e l e c td i s p l a ye r r o r so n l y A g a i ns e l e c tp r o c e s s

FI-CO interview questions and answers :: ALL Interview .com

T h es y s t e mg i v e st h em e s s a g e : p r o c e s s i n go fb a t c hi n p u t s e s s i o nc o m p l e t e d ;

Answer

w h e nc r e a t i n gi n t e r e s ti n d i c a t o rd on o tc h e c kA c c o u n tn u m b e ra si n t e r e s tc a l c u l a t i o ni n d i c a t o r .

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