
The list of SAP-FICO Job Interview Questions
SAP FICO Job Interview Questions
Here is a list of the most important questions that would probably be asked in an SAP-FICO job interview.
- Tell me about FI Organizational structure?
- How many Normal and Special periods will be there in fiscal year, why do you use special periods?
- Where do you open and close periods?
- What do you enter in Company code Global settings?
- What is document type, and what does it control? Examples
- What is the posting key and what does it control?
- What is a chart of accounts and how many charts of accounts can be assigned to a company?
- What does the definition of a chart of account contain? Can one COA be assigned to several companies?
- What is an account group and what does it control?
- What is a reconciliation account; can you directly enter documents in that a/c?
- How do you control eld status of GL master records and from where do you control them?
- What are the segments of the GL master record?
- What does a Field status group assigned to a GL master record control?
- What is the Country and operational chart of account? Why do you use a group chart of accounts?
- What are all the segments in a Customer/Vendor master record?
- What is open line item management? What do you mean by clearing open line items?
- What is residual payment and part payment
- What are internal and external number ranges?
- How can be or in what way baseline date is important in the Automatic Payment Program run?
- Please tell me the procurement cycle and how it works?
- Difference between Depreciation, Accumulated Depreciation, and APC? What is APC?
- What is GR/IR? What journal entries we should pass for this?
- What are the accounting entries that take place in MM and SD?
- Can we assign one Controlling area to two different Company Codes? (but the company codes have different fiscal years/different currencies)
- While posting transactions, can we give the cost center/production order on time?
- Can we run Payment Program giving ( Hdfc vendor details ) City bank in Payment run program?
- What does document header control?
- After entering a document can you delete the entry? Can you change the document? Which elds’ can/not be changed?
- What is a special GL transaction?
- How do you reverse cleared documents?
- What is the baseline date? Why is that used? Can this be changed?
- How many statistical objects can be selected when you post an FI document?
- What are the levels of controlling the layout of a Document Entry screen?
- Is it a must to associate all revenue and loss accounts to a retained earning account?
- What are Total Variants?
- Can a customer be dunned twice within the same Dunning Interval?
- Can a customer receive dunning letters from two dunning areas?
- What are the criteria based on which the open items to be paid are selected?
- Where are the data to calculate tax defined in SAP?
- What is a tax jurisdiction code and where it is set up?
- Can a financial statement structure be deleted from the system.?
- Describe how cost center accounting differs from financial accounting?
- Describe the possible options for a controlling area – company code relationship Put emphasis on the option you have in terms of different currencies.
- Discuss the cross-company controlling?
- What are the three types of currencies used in cross-company-code accounting and what conversion rates are used?
- Define the types of master data that exist in cost center accounting?
- Define the relationship between the chart of accounts and cost elements in cost center accounting.
- What is the difference between primary and secondary cost elements?
- Is it possible to plan on cost centers in more than one plan version – elaborate your answer?
- Discuss how distribution for cost center allocation is used in the system.
- Discuss how assessment for cost center allocation is used in the system.
- Distinguish between the two cost allocation techniques: assessment and distribution.
- What is the difference between direct and indirect activity allocation?
- What are the two allocation categories for indirect activity allocation?
- What are actual cost splitting and its purpose?
- What are the two stages in which splitting actual costs based on the activity type occurs?
- What are the primary functions of an order?
- What is a statistical order? Why would you use one?
- In what two ways can an internal order be processed?
- Describe brie y the collective automatic processing of internal orders.
- What is a selection variant and what is it used for within CO?
- What is a list variant?
- What options do you have for additional account assignments within a CO posting and when
- would you get a statistical posting?
- What are the different commitment types the system can record for an internal order? For
- which type do you have to perform a manual reduction?
- What can an order be settled to?
- What is hierarchical settlement?
- What is the reconciliation ledger?
- What is a Reconciliation posting?
- Describe how costs in Cost Center Accounting are transferred to Pro stability Analysis.
- Define bank directory, house bank, bank account, bank ID, bank key, and account ID. Describe
- the relationship between all of these and G/L accounts.
- What are the two pieces of a document? What must all line items consist of?
- What do document types control? What is their function?
- What is a posting key? What does it control?
- What are automatic line items? How are they configured in the system? Give some examples of automatic line items.
- What are customer/vendor tolerances? Why do they exist? Give an example.
- Why would a project team want to configure its own line item layout? Why would a project
- team want to configure its own fast entry structure?
- What is credit management? Why is it used in SAP?
- What are the levels of configuring credit management for a customer?
- What is dunning and why is it used?
- What does the payment program do?
- What are the 4 necessary inputs for running the payment program? Define each and give
- examples of the data in each.
- What are the 3 levels that the payment program is configured at? Give examples of the data
- that is configured on each level?
- Describe how SAP decides which open items must be paid by the payment program.