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SAP FICO Interview

The document contains questions asked during an SAP FICO interview and responses about various SAP FICO concepts and configurations. Some key topics covered include the number of tickets an interviewee receives, describing a critical ticket faced, explaining the difference between a company code and business area in SAP, describing an enterprise structure, the use of the "Relevant cash flow" checkbox, reversing depreciation transactions, where cost centers and internal orders are affected during transaction posting, forwarding controlling number ranges to the next year, changing a valuation class after transaction posting, the number of GR/IR accounts created, the number of retained earnings accounts, the significance of posting keys, the use of account groups in the general ledger, and summarizing product

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achin94
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748 views

SAP FICO Interview

The document contains questions asked during an SAP FICO interview and responses about various SAP FICO concepts and configurations. Some key topics covered include the number of tickets an interviewee receives, describing a critical ticket faced, explaining the difference between a company code and business area in SAP, describing an enterprise structure, the use of the "Relevant cash flow" checkbox, reversing depreciation transactions, where cost centers and internal orders are affected during transaction posting, forwarding controlling number ranges to the next year, changing a valuation class after transaction posting, the number of GR/IR accounts created, the number of retained earnings accounts, the significance of posting keys, the use of account groups in the general ledger, and summarizing product

Uploaded by

achin94
Copyright
© Attribution Non-Commercial (BY-NC)
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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SAP FICO Interview

Daily how many tickets you are getting?


You can answer the number tickets/issues raised and routed to you for solution

In your career, have you face any critical ticket? What is that ? Can explain?
Explain any critical issue faced.

What is difference between company code & business area?


Company Code and Business area are the Organizational units in FI. But Company Code
is a must where as Business area is optional. Company code is the Org. unit under which
all the activities of the finance takes place where as the Bus. Area can cut across
company codes.Company code is a legal entity and the books of accounts are maintained
at this level.

What is enterprise structure of your client?


Explain the ES of your client, the structure of the company and the organizational units
defined under the client

What is the use of "Relevant cash flow check box?


This check box in the GL account helps u to take the account for cash flow analysis

After run the depreciation. can you reverse of that transcation?


Yes, it is possible

While transcation entry you are given the cost center & internal order so, where it
will be effected -- both or one?
The posting goes to Internal Order and from there the settlement goes to the Cost Center.
The Cost Center gets only the Statistical Posting. We can have any number of statistical
Postings, but only one real posting to the CO object

Can you forward the controlling number ranges to next year?


Yes, we can continue the existing number ranges

What is valuation class ? Can you change the valuation class after transcation
posting?
The materials are assigned to valuation class through the account determination happens

How many GR/IR a/c's are created?


They are provision accounts, and the balance becomes zero after the completion of the
cycle. This is done in order to care of the good /invoice received in advanceov vice versa

How many retained earning a/c's are created?


Generally we have one retained earnings account. We can also have more than one also.
This is usually done for having different financial statements based on the depreciation
areas for tax, Costing etc. *-- Jaggu
What is the significance of Posting Key? (OB41)

Ans: Posting key is a two charecter numberical key, which controls the entry of line
items. It specifies the accounting area to which an account belongs to. ex: Customer,
Vendor or GL etc, It controls Field Satus (Supress, Recquired and Optional) It also
controls its reverse posting key also.

In summary, the Posting Key has control functions within the line items. It controls:
i) On which type of account the line item can be posted to
ii) If the item is posted as a debit or credit
iii) The field status of additional details

What is the use of Account Groups in GL?

Account Group Controls the Master records. It controls the number range of Master
record and Field status group (Supress, Required, Optional and Display) also. SAP
follows a Grouping principle all throughout SAP to handle the Master Records that may
be in GL, AR AP any thing. See to create a GL Account group you define at OBD4 there
itself you assign the Number Range or those groups which also controls Field Staus of
GL Master Records. And for Creating AR and AP Master Records you create at OBD2
and Vendor at OBD3 which will also controls Field Status Group of And Number range
of Master record. The only difference between GL and AR/AP is assigning of number
range. For GL will specify at OBD4 itself but for AR/AP we need to create a number
range at FBN1 then assign to AR And AP at OBD2 and OBD3 respectively.

One more thing. Remember only Field Status group of Master recard (OBD2, OBD3,
OBD4) only contain Display option but not to Posting Key or Field Satus Group (OB41
or OBC4). I am so specifing becoz I commited this mistake in one interview. *--
Satish

In summary, the account group controls:


i) The number ranges of the accounts,
ii) The status of the fields in the company code segment of the master record. Since a
chart of accounts contains many different types of accounts, they can be bundled into
different "account groups ". Usually one account group bundles
accounts with the same tasks within the general ledger, e. g. cash accounts, material
accounts, asset accounts, profit and loss
accounts,...

Give a summary of Product Costing?

The purpose of Product costing planning is to arrive the total planned cost of the product.
It is integrated with the following modules in arriving the Product cost and supplies the
information to other modules
1. MM to arrive at the raw material and semifinished goods cost based on the price
indicator in Material master record.
2. PP to arrive at the cost of Operations required for producing the Finished product with
the planning based in Cost Center Accounting.
3. SD to pass the information of COGS to COPA based on the Value fields linked to
condition types.

Two manfacturing scenarios are there in production one is Repetitive manfacturing (e.g
Pharma industry) costing type is Product cost by period and Discreet manfacturing (Order
based industry) costing type is Product cost by period.
*-- Ratna

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