SAP FICO Interview Learning

7/23/2019 SAP FICO Interview Learning

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1. Tell me about FI Organizational structure?

Ans: Client

|

Operating Concern

|

Controlling area1 Controlling Area 2

|

Co. Code 1 Co. Code 2

|

Bus area 1 Bus area2 Bus Area3 Bus Area 4

2. How many Normal and Special periods will be tere in !iscal year" wy do u use special

periods?

Ans: 12 Normal posting period and 4 special periods are in the fiscal year hich can !e used for

posting ta" and audit ad#ustments to a closed fiscal year.

#.$ere do you open and close periods?

Ans: $$% is used to open and close the periods !ased on a&c types considering '( Accounts. )r.

Code. OB*2.

%.$at do you enter in &ompany code 'lobal settings?

Ans: 4 digit Alphanumeric +ey.

Name of the company

City

CountryCurrency

(anguage

Address

(.$at is document type" and wat does it control? )*amples.

Ans: ,ocument type is nothing -ouchers containing line items. e-eral !usiness transac/ tions

can !e identified ithin a particular document type.

0t controls the document num!er ranges.

0t controls the eader part of document

0) controls the line item le-el of the documentelps filing of physical document

+. $at is posting ,ey and wat does it control?

Ans: )hese are special classification +eys. )o character numerical +ey it controls the entry of

line items.

$osting +ey determines Account type ,e!it&credit posting ield status of transaction.



-. $at is !ield status group" wat does it control?

Ans: ' is mandatory field in / '( Creation. ou use this field to define hich fields are

displayed hen you post !usiness transactions to a '&( account.

A field may ha-e one of the folloing statuses.

5 uppressed

5 ,isplay

5 Optional

5 6e7uired

. $at is cart o! account and ow many carts o! accounts can be assigned to a

company?

Ans: Chart of account is a list of all '&( accounts used !y one or se-eral company codes.

or each '&( account the chart of accounts contains the account num!er account name and the

information that controls ho an account functions and ho a '&( account is created in a

Company code.

ou ha-e to assign a chart of accounts to each company code. )his chart of accounts is the

Operating chart of accounts and is used for the daily postings in this company code.

ou ha-e the folloing options hen using multiple company codes.

ou can use the same chart of accounts for all company codes

0f the company codes all ha-e the same re7uirements for the chart of accounts set up assign all

of the indi-idual company codes to the same chart of accounts. )his could !e the case if all

company codes are in the same country.

0n addition to the operating chart of accounts you can use to additional charts of accounts 0f

the indi-idual company codes need different charts of accounts you can assign up to to charts

of accounts in addition to the operating chart of accounts. )his could !e the case if company

codes lie in multiple countries.

)he use of different charts of accounts has no effect on the !alance sheet and profit and loss

statement. 8hen creating the !alance sheet or the profit and loss statement you can choose

hether to !alance the co/ mpany codes hich use different charts of accounts together orseparately.

/. $at does de!inition o! a cart o! account contains?

Ans: chart of account +ey

Name

9aintenance language



(ength of the '( Account Num!er

Controlling 0ntegration

'roup chart of accounts Consolidation;

Bloc+ 0ndicator

10. &an one &O be assigned to seeral companies?

Ans: yes. One COA can !e assigned to se-eral companies.

113 $at is account group and wat does it control?

Ans: Account group determines hich fields you can configure on the '&( master record. 0t is

necessary to ha-e at least to one for B& and another one for $<( a&c.

0t controls the Num!er ranges of '( A&C.

)he status of fields of the master record of '( !elongs to company code area.

123 $at is reconciliation account4 can you directly enter documents in tat a5c?

Ans: 8hen you p/ ost items to a su!sidiary ledger the system automatically posts the same data

to the general ledger. =ach su!sidiary ledger has one or more reconciliation accounts in the

general ledger.

8e can>t use reconciliation account for direct postings.

1#3 How do you control !ield status o! '6 master records and !rom were do you control7

Ans: ield status -ariant is maintained all 's.

1%3 $at are te segments o! '6 master record?

Ans:

5 COA egment

A&C group

Nature of account

hort te"t

'( a&c long te"t

)rading partner

'roup Account Num!er

5 Company code segment

Account currency

)a"6econciliation a&c for a&c type

O09(0,'.

1(3 $at does Field status group assigned to a '6 master record controls?

Ans: 0t controls the account assignments that are made to the account. pecifically the field



status group controls hether postings to cost centers internal orders profita!ility segments and

so on are re7uired not alloed suppressed; or optional.

1+3 $at is &ountry and operational cart o! account? $y do you use group cart o!

account?

Ans: Operational chart of account ? ,ay to day acti-ities 0t is mandatory.

Country COA ? 0t>s used for legal specific re7uirement of each country. 0t>s additional and

optional.

'roup COA used for consolidation of Company codes. )his is for group consolidation purpose.

1-3 $at are all te segments in a &ustomer58endor master record?

Ans: egments in Customer egments in %endor

5 'eneral ,ata segment 'eneral data segment

5 Company code segment Company code segment

5 ales area segment $urchasing organi@ation egment

13 $at is open line item management? $at do you mean by clearing open line items?

Ans: Open item management is further reconciliation function. O09 allos you to display the

open and cleared items and amounts in an account. O09 should !e used if an offsetting entry is

made for e-ery line item posted in the account. )he a&c is reconciled and cleared against another

account. =". alary clearing account and '6&06 Clearing account.

1/3 $at is residual payment and part payment?

Ans: 6esidual payment it clears original in-oice ith incoming amount and create ne line item

for remaining outstanding amount.$artial payment it lea-es the original in-oice amount and creates ne

line item for incoming amount.

203 $at is internal and e*ternal number ranges?

Ans: 0nternal Num!er 6anges: ,oc. No ill !e pro-ided !y the system automatically in serial

order allotting the ne"t a-aila!le progressi-e num!er. )he num!er must !e in numerical.

="ternal Num!er ranges: ,oc. No ill !e gi-en manually !y the end user. ystem ill not loc+

no automatically in this case. ser can pic+ the num!er randomly. Num!er may !e an alpha

numeric.

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SAP FICO Interview Learning