Sap FICO Interview Questions Part 2

Sap FICO Interview Questions
114.What is Debugging a program?
115.What is Special GL accounts, Special GL Transactions, Alternative GL accounts?
116.What is Down payment Request, Down payments?
117.What is Noted items?
118.What is Parking a document and holDing a document ?
119.What is sample document and recurring document SAP FICO Interview Questions ?
120.What is BRS?
121.What is Clearing accounts ?
122.What is Open item management ?
123.What is line item Display?
124.What is bank sub accounts ?
125.What is payment terms ?
126.What is controlling area?
127.What is a version SAP ?
128.What is link between FI and CO ?
129.What is assessment and Distributions ?
130.What is allocation structure?
131.What is What is cost center ?
132.What is What is a profit center?
133.What is Profit center configuration steps ?
134.What is Report painter ?
135.What is Report ?
136.What is Report groups ?
137.What is Report library?
138.What is Statistical and Real postings ?
139.What is Standard hierarchy and alternative hierarchy?
140.What is Transferring data to SD to COPA configurations?
141.What is CO-PA configuration all steps ?
142.What is Month end closing SAP FICO Interview Questions ?
143.What is year end closing?
144.What is Go-Live activities ?
145.What is Lock Box concept ?
146.What is cross company coDe transactions?
147.What is settlements in co ?
148.What is Difference between cost centers and internal orDers ?
149.What is Reconciliation Accounts ?
150.What is ExtenDed With HolDing Taxes configuration steps – right from creation of WH Tax Types, CoDes to Annual Return?
151.What is What is chart of account and How many charts of accounts can be assigned to a company ?
152.What is What is residual payment and part payment?
153.What is procurement cycle in MM ?
154.What is goods movement ?
155.What is What is GR/IR? What journal entries ?
156.What is Primary cost elements and secondary cost elements ?
157.What is How to configure FI and CO reconciliation account ?
158.What is Steps for electronic bank reconciliation statement ?
159.What is the architectural diagram of SAP FICO?
160.What does line means?
161.What is Planning in G/L?
162.What is auto supplement posting in G/L?
163.What is Auto debit in G/L?
164.What is Group Currency and Hard Currency?
165.Difference between controlling area currency & company code currency?
166.Where do we link country specific chart of account ?
167.What is meant by procurement cycle?
168.What do you mean by variant principal?
169.What is difference between TAXINJ and TAXINN?
170.What is the purpose of 0 (zero)tax code?
171.What is the treatment of 'Gain/Loss on FG' in cost centre accounting?
172.What IS FREE SELECTION?
173.What is the business process?
174.What u configure in accounts reeivable module?
175.What do you mean by Goods Clearing ? What are the journal entries for Clearing of Goods ?
176.What is CO-PA Transfer of Incoming Sales OrDers ?
177.What is Report Painter, How to reverse +/- signs ?
178.What is the relationship between Report Groups and the report groups ?
179.Where we have to define VAT Registration Number?
180.What is the importence of secondary cost element in controling?
181.What is SAP standard organisation structure?
182.What is the T Code for Uploading the Bulk Vendor master data ?
183.How dunning procedure will updated in Customer Master?
184.What are the steps for configuring lockboxes?
185.How do you generate reports in treasury? What format are they generated in?
186.What are the steps for creation of New Movement types and specific requirements for GL and codes from a unique company code?
187.What if RFEBCK00? What are its advantages?
188.What is new GL? What are the steps for configuring New GL? How is it different from its older counterpart? What are the advantages of having new GL?
189.What is a process pricing report?
190.How do you configure reason codes for residual payments?
191.How do you define and assign substitution rules for CRM processes?
192.How do you perform currency swaps in Funds management. Explain the whole process with configuration in detail?
193.How would you deal with underpayments from customers in FSCM?
194.How do you upload FI transactional data for correcting business area postings?
195.What is a *returned bill of exchange payable*?
196.How do you configure credit card payment processes
197.What is a Bill of Exchange? Why is it used?
198.What are the tools used for performing cash and liquidity forecasts? What are the T codes used?
199.What are Data Medium Exchanges for making payments? What are its advantages? How do you configure them?
200.What is High value sale?
201.What are electronic bank statements?
202.what is meant by Standard hierarchy and alternative hierarchy in sap fico?
203.What are financial versions?
204.when asset settlement through cost center is raised?
205.what is the process of app for customer?
206.what is asset accounting?
207.What is CO-PA
208.What z the process of cancellation of issued cheque?
209.What is a depericiation Key?
210.What is production support procedure?
211.What is the maximum permissible exchange deviation in your project?
212.What is Regression Testing?
213.What is the difference between House Bank and Bank Account.
214.What is ment by ZERO INVOICES
215.What is Realization Phase in SAP ?
216.What is Organisatinal Unit of FI ?
217.What is implementation and configuration ?
218.what is a Functional Spec?What updates do SAP FICO consultant do in Functional Spec?
219.What is the Configure of COPA?
220.what is the Ageing analysis?what is the purpose?
221.What is Trading Partner?
222.What is the Pre-mapping and Matching?
223.what is your SLA?
224.what is client number?
225.what are kinds of projects?
226.what's new in ECC6 in sap fi/co?
227.what is the difference between validations and substution?
228.What's the diff. between Operating Concern & Controlling Area and their roll.
229.What is meant by Document Splitting in SAP
230.what is holding a document?
231.what is cash journal?
232.what is a standard cost? and what is a target cost?
233.What is Withholding Tax and Extended with holding TAx?
234.What is a Sort key?
235.WHAT IS THE DIFFERENCE BETWEEN G001, G005 AND G067 FIELD STATUS GROUP ?
236.Explain the difference between Country chart of accounts nd group chart of accounts
237.What is Down Payment?
238.What is AS-IS study & TO-BE Process?
239.what is the document split and what its important?
240.what is a cenvat?
241.how to configure automatic payment program
242.what is the data associated while uploding data using lsmw?
243.What is meant by Out Put Control?
244.Define Statistical Key Figure?
245.what is activity type?
246.what are the components of enterprise structure/
247.what is dummy cost center?
248.difference b/w profit center & profitability analysis?
249.what is High value sale?
250.What is Born in sale?
251.What is USGAAP?
252.What is the main control parameter for settlement?
253.What is the purpose of version?
254.What is accrual calculation?
255.How are revenues dealt with cost center accounting?
256.How due date of a document is calculated?
257.What is GR/IR account?
258.What is dunning? What is dunning level..? How many dunning levels can be configured?
259.What is asset class? What are depreciation areas?
260.How do you reverse cleared documents?
261.What are the segments of GL master record?

Sap FICO Interview Questions Part 1

Sap FICO Interview Questions
1.How to close last financial year and open new financial year for ASSET ACCOUNTING?
2.How to connect client server in sap?
3.How solve ni tickets in sap fico?
4.Whats DME? where it comes ? and What is the use f it in SAP?
5.What F.13 represents? and How we utilize in SAP?
6.How many years we can open at a time in asset a/c?
7.What is account assignment in MM?
8.What is invoice tolerance ? and What is T?coDe?
9.What IS T CODeS FOR INTERGRET FI TO MM AND SD?
10.What is Different between the SAP Version 4?7 and ECC 6?
11.What is the alternative g/l accounts?
12.How to upload asset balances in the middle of the year from legacy to SAP?
13.How many ways we have" view of G/L " a/cs and What r they?
14.How to do advance payment through APP?
15.Where we give advance payment inDicator(Spl G/LWhat is in petty cash book?
16.What is the meaning of "zzzzzzzzz" in open & close posting period?
17.What is SAP Product Life Cycle(PLCWhat is ?
18.Why it is not able to post to a customer a/c in a previously closed'period'?
19.What is unit testing?What are the structures in unit testing?
20.How to block the vendor in APP area?
21.What is cutover data and when will you upload to production client? whether before go live or after go live?
22.What is park document in sap ?
23.How can we convert VAT Return Filing in SAP?
24.How can we configure Form "C" report in SAP ?
25.What is park document in sap ?
26.What are the steps to follow for customising Bank Charges??
27.What are the 3 gaps that you must have faced during implementation?
28.What are the 3 errors that you must have faced during Support?
29.What is Difference between primary Distribution and secondry Distribution of cost in a cost centre ?
30.What is the entry date ,document date, posting date, value date, and next run date ?
31.What IS AN EXCEPTIONAL LIST IN APP?
32.What iss document spliting?
33.Differnce between the 4.7& 6.0?
34.How to caluculate income tax Depriciation and Depriciation ? What does the acts?
35.What purpose to maintain the Ranking OrDer ?
36.How the payment pick the particular Ranking OrDer while using the mulitiple Ranking OrDers ??
37.Is it possible to assign a auto cost center to a plant?
38.What are closing operations?
39.How do we create tasks? What is the Difference between task and change request?
40.What are the critical scenarios in production support?
41.What is business process?
42.How do we create alert messages?
43.What are the tables will Deal a sap fico consultant?
44.How can we implement sap project from Different places?
45.What are the interaction with abaper in project especially for screens, conDitions and cutover plan?
46.What is our interaction with other consultants (FICO, ABAP, MM, and SDWhat is in the project?
47.What is our role in production support and post implementation support as a fico consultant?
48.How many types of land scapes are there and tell me the land scape which is often used by the companies?
49.What is meant by Co.coDe and controlling area?How are they related?
50.What is the Exact meaning of the Tolerance group for G/L Account, Customers and Vendors????
51.How to Verify Depreciation Balances with GL balances ?
52.How to do dunning for vendor?
53.What are the purposses of dunning for vendors?
54.What is meant by payment advice, in terms of automatic payment program?
55.How is bank reconciliation handled in SAP?
56.What is the Difference between COA and COA segment ?
57.What is the Difference between company coDe and company coDe segment ?
58.What do you mean by Purchase Price varience, What is its impact, How is this cleared?
59.How is bank reconciliation handled in SAP?
60.What is the Difference between SAP R/3 version 4.6C, 4.7 and ECC 5.0?
61.Differences between company coDe and company ?
62.What is business area and PCA?
63.What is Retained earnings Account ?
64.What is Account group functionality?
65.What is field status variant 6What is fiscal year variant Vs posting period variant?
66.What is withholDing taxes 8What is tax on sales and purchases?
67.What is use tax?
68.What is Vat jurisDiction coDe?
69.What is external number range and internal number range ?
70.What is FI organizational structure?
71.What is CO organizational structure?
72.What is FI tables?
73.What is CO tables and CO-PA tables?
74.What is APP configuration steps?
75.What is importance of next posting date in APP run?
76.What is Dunning configuration ?
77.What is Dunning run steps SAP FICO Interview Questions ?
78.What is check printing program?
79.What is Void and reprint checks ?
80.What is pre numbered checks?
81.What is House banks?
82.What is if vendor is a customer?
83.What is dunning area?
84.What is dunning key?
85.What is dunning block?
86.What is payment block?
87.What is Journal entries in SD integrations ?
88.What is Journal entries Billing and PGI?
89.What is Journal entries in FI-MM integrations ?
90.What is Journal entries for goods issue, scraping and goods issued to production?
91.What is valuation class ?
92.What is validations and substitutions ?
93.What is valuation area?
94.What is valuation moDification?
95.What is general moDification ?
96.What is Material master views ?
97.What is FS00 all tabs ?
98.What is Vendor and customer master creation?
99.What is ASAP methodology SAP FICO Interview Questions ?
100.What is All five phases in ASAP methodology ?
101.What is testing process 48What is documentation?
102.What is functional specs ?
103.What is user exits?
104.What is customer exits?
105.What is enhancements ?
106.What is tables view?
107.What is work bench request and customizing requests?
108.What is SM35 and SE38 screens?
109.What is DeV, testing and PRD clients 57What is Tickets / messages ?
110.What is problems faced in implementation and support?
111.What is client, cross client, transport of configuration ?
112.What is LSMW?
113.What is BDC?