Sap Fico interview questions

Sap Fico interview questions

What do you mean by Goods Clearing ? What are the journal entries for Clearing of Goods ?
what u configure in accounts reeivable module?
Where we have to define VAT Registration Number?
What do you mean by cost carrier ?
How dunning procedure will updated in Customer Master?
What is SAP standard organisation structure?
If a material has no material code in SAP, can you default the G/L account in Purchase order or it has to be manually entered?
In Accounts Receivable, what?s the difference between the ?residual payment? and ?part payment? methods of allocating cash ?
What is the purpose of defining Internal orders?
What is meant by a ?baseline date? in SAP AR and AP ?
What is Valuation Class?
what is global data and what is general data, in GL, AP, AR AA ?
How are Vendor Invoice payments made?
What is the relation between a Controlling Area and a Company code?
What is a cost center group?
What is primary Cost element and secondary cost element?
How are Capital Work in Progress and Assets accounted for in SAP?
Which is the payment term which actually gets defaulted when the transaction is posted for the customer (accounting view or the sales view)?
How do you configure check deposit?
Which is the default exchange rate type which is picked up for all SAP transactions?
What are the options in SAP when it comes to Fiscal years?
What are the options in SAP when it comes to Fiscal years?
How do you maintain multiple shift depreciation in asset master?
How do you configure Electronic bank statement?
What are the master data pre-requisites for document clearing?
How do you configure a special GL indicator for Customer?
Does the moving average price change in the material master during issue of the stock assuming that the price control for the material is Moving Average?
What is Valuation and Account assignment in SAP?
How do you go about setting the FI MM account determination ?
Is it possible to ensure that no capitalization be posted in the subsequent years?
What is a Account group and where is it used?
How is Bank Reconciliation handled in SAP?
Can we change the valuation class in the material master once it is assigned?
What is the difference between Distribution and Assessment?
What is ?dunning? in SAP ?
What are the activities for SAP Net Weaver XI integration, implementation, post go-live?
What is difference between the party and the business service and in which cases they are used with details?
What are the other activities in Cost center?
Can posting period variant be assigned to more than 1 company code?
What is generally configured in the payment term as a default for baseline date?
What do you mean by Invoice Parking Invoice saving and Invoice confirmation?
Is it possible to configure the system to pick up a different exchange rate type for a particular transaction?
Where do you attach the check payment form?
How are depreciation keys defined?
How is cost center accounting related to profit center?
What is a cost element group?
What is an Activity Type?

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