SAP FICO INTERVIEW QUESTIONS
SAP FICO INTERVIEW QUESTIONS
20:03 Hi,
Practise following sap fico interview quetions.
All the best
visit us regularly for more updates.
Enterprise
Cost Center Accounting, Product Costing, Profit Center
Practise following sap fico interview quetions.
All the best
visit us regularly for more updates.
What are the various organizational assignments to a company code?
Company Code is a legal entity for which financial statements like Profit
and Loss and Balance Sheets are generated. Plants are assigned to the
company code, Purchasing organization is assigned to the company code,
and Sales organization is assigned to the company code.
What is the relation between a Controlling Areas and a Company code?
A Controlling area can have the following 2 type of relationship with a Company code
a. Single Company code relation
b. Cross Company code relation
This means that one single controlling area can be assigned to several
different company codes. Controlling can have a one is to one
relationship or a one is to many relationship with different company
codes.
Controlling Area is the umbrella under which all controlling activities of
Analysis are stored.
In a similar way Company Codes is the umbrella for Finance activities.
How many Chart of Accounts can a Company code have?
A single Company code can have only one Chart of Account assigned to
it. The Chart of Accounts is nothing but the list of General Ledger
Accounts.
What are the options in SAP when it comes to Fiscal years?
Fiscal year is nothing but the way financial data is stored in the system.
You have 12 periods in SAP and also four special periods. These periods
are stored in what is called the fiscal year variant.
There are two types of Fiscal Year Variant
• Calender Year – Jan-Dec, April -March
• Year Dependent Fiscal Year .
What is a year dependent fiscal year variant ?
In a year dependent fiscal year variant the number of days in a month
are not as per the calendar month. Let us take an example:- For the year
2005 the period January ends on 29th, Feb ends on 27th, March ends on
29. For the year 2006 January ends on 30th, Feb ends on 26th, March
ends on 30th. This is applicable to many countries especially USA
year this fiscal year variant needs to be configured.
How does posting happen in MM (Materials Management) during
special periods?
There is no posting which happens from MM in special periods. Special
periods are only applicable for the FI module. They are required for
making any additional posting such as closing entries, provisions. which
happen during quarter end or year end.
How many currencies can be configured for a company code?
A company code can have 3 currencies in total. One which is called the
local currency ( ie company code currency) and 2 parallel currencies
can be configured.
When you do that the system has the flexibility to report in the different
currencies. Do you require to configure additional ledger for parallel currencies?
In case 2 currencies are configured. (Company code currency and a
parallel currency) there is no need for an additional ledger. In case the
third parallel currency is configured and is different than the second
currency type, you need to configure additional ledger.
If there are two company codes with different chart of accounts how
can you consolidate their activities?
In this case you either need to write an ABAP programme or you need to
implement the Special Consolidation Module of SAP. If both the company
codes use the same chart of accounts then standard SAP reports give
you the consolidate figure.
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