http://www.youtube.com/watch?v=MYNLdCuJ_ZU http://www.youtube.com/watch?v=KZV7mmtzZrs Re: Tell me about BBP(Business Blue Print)Business things ? Answe r # 1 simply says BBP is the first stage of implementation project..based on Clint requirement we have to make a documentation is called business blue print.. based on BBP consultant start the customizing..BBP is key role play in the implementation project.. : What is the relation between Field Status & Account Group? Answe r # 1 account group is divided in to account types.. for ex: assets,liabilities,expenses and incomes. and same time we are maintain which fields are requirement,which fields optional,which fields are suppress.to creating the G/L account.. field status group is control which fields are requirement,which fields optional,which fields are suppress.to maintain the particular G/L account.it is applicable at the time of G/L posting.like F-02. Field status group is assign in to the G/L accounts
Transcript
http://www.youtube.com/watch?v=MYNLdCuJ_ZU
http://www.youtube.com/watch?v=KZV7mmtzZrs
Re: Tell me about BBP(Business Blue Print)Business things ?Answer
# 1simply says BBP is the first stage of implementation project..based on Clint requirement we have to make a documentation is called business blue print.. based on BBP consultant start the customizing..BBP is key role play in the implementation project..
: What is the relation between Field Status & Account Group?Answer
# 1account group is divided in to account types..for ex: assets,liabilities,expenses and incomes. and same timewe are maintain which fields are requirement,which fields optional,which fields are suppress.to creating the G/L account..
field status group is control which fields are requirement,which fields optional,which fields are suppress.to maintain the particular G/L account.it is applicable at the time of G/L posting.like F-02.
Field status group is assign in to the G/L accounts
Re: field status group are configured at 4 level which are theyAnswer
# 3Field Status group is configurad by at 4 Levels
one is1. Gl Masrer recorda. Activity levelb. company code levelc. Account group
2. custome or vendora. Activity levelb. company code levelc. Account group
4. Posting keyb. company code levelc. Line item leve;
Re: Which one of the payment mode is more effective, whether of using Partial Payment or Residual Payment in th company for vendor clearing and for why? Plz. give the explanation.Answer
# 1residual payment is more effective as under this selection we can identify and recognie the payment difference or we can again see the vendor due amount, further with this selection we can judge the invoice wise setup and invoice wise partial amount
Re: My company has 2 mode of payment method. 1- is resudial method and 2. is partial method. Now the scenario was I have to clear the customer, which haven't made payment within the specified time, in that case I have to charge interest on that customer. Now, the question is that which mode of payment should I follow to clear that customer.What will be the appropriate payment method inrespect of company rules? and plz. give the reason.Answer
# 1Normally in the company's when the are clearing the payment they will use standard payment so in your company if u dont have that option or else rights then payment need to pay like last partial payment bcoz residual payment will use when agreement will closed, so at last residual payment will use for reagreement not for payment clearing
Re: In an Interview interviewer asked me "what are your responsibilities in the project(Support & Implementation). What exactly you do in the project". What can i reply for this question. Ply reply me anybody. Thanks in advance. Ramesh.Answer
# 1HI,what you did in previous project like your a support project you will say sla(service level agreements) and preview tickets . how many tickets your handle. will you tell to
them difficult tickets.your in implementation will u tell to them ASAP methodology and gaps. Is This Answer Correct ? 0 Yes 1 No
Re: In an Interview interviewer asked me "what are your responsibilities in the project(Support & Implementation). What exactly you do in the project". What can i reply for this question. Ply reply me anybody. Thanks in advance. Ramesh.
Answer# 2
As a functional consultant role in support project is to solve the issues, bugs, tickets raised by end-users while processing their business scenarios. And also if they overcome with some new developments which also need to done as per their requirement by us.
Issues will be assigned by the functional lead or TL.Once the isssue is assigned to you your clock starts, and need to be solved with in SLA, mail confirmation is required from business people in closing the issue.
: What transactions can be assigned for all the users ?Answer
# 1SU53 TO VIEW MISSING AUTHORIZATION
SU3 MAINTAIN USER OWN DATA
SU56 TO VIEW USER BUFFER DATA
Re: Why you use Asset Class ?Answer
# 3An asset class is the link between the asset master record and the relevant GL account. Account determination in the asset class enable you to post to the relevant GL accont. Several asset class can use same account determination provided all these asset class use the same chart of account and post to the same GL account.
# 1Settlement of Production VariancesWhen you valuate products with the standard price ofproduction, so-called "production variances" can result onthe production orders (actual cost of goods manufactured -(produced quantity * standard price)).
These production variances are determined in Product CostPlanning (CO-PC) and broken down there according to variancecategories. When you settle the production order, you cantransfer these variance categories to separate value fieldsin Profitability Analysis.
Prerequisites1. The production variances first need to be calculated inCO-PC.2. Your PA transfer structure must contain assignments ofvariance categories to value fields.3. In the settlement profile, you defined that variances areto be settled.4. The settlement rule to profitability segments is createdautomatically based on the information available in theproduction order (product, product group, plant and so on).5. You must have maintained number ranges for record type "C".6. The desired form of Profitability Analysis must be activein the relevant controlling area.
In SAP operating concern is highest hierarchy for COPA, where it’s determined ‘Accounting base’ or ‘Costing base’ been used for COPA. If Accounting based is used then value flows from GL or Costing Based is used then value flows from Cost Element. Is This Answer Correct ? 4 Yes 1 No
0 Rokky Jain
Re: Where is the Cost come from to CO-PA ?Answer
# 2costs are updated to CO-PA from different modules through PA-Transfer structure.if u r using the Account-Based Copa, then the costs will update through Costelements. if u r using Costing Based Copa,then costs will update through Value fields
what do you mean by variant principal?Answer
# 1a. Create a variantb. Populate Variant with values.c. Use where ever you want.
eg: FISCAL YEAR VARIANT, POSTING PERIOD VARIANT, FIELD STATUS VARIANT, ETC. Is This Answer Correct ? 13 Yes 1 No
1 Usha Katam
Re: what do you mean by variant principal?Answer
# 2The main advantage for using variants is that it is easier to maintain properties which are common among several business objects.
after understanding this above concept, go through the Answer #1 by Miss usha katam.
What is Maping in SAP? What is customization? What is Configuration?
Configuration - It is the process of mapping your business process / requirements with already existing SAP standards i.e. by going in SPRO (for eg)
Customization - It is the process of mapping ur business process with some changes (as per ur requirement) as against existing in standard SAP & thereby developing your own customized screens / reports i.e. Z reports
Customization is oftenly termed as a development or developed report (Z report).
Re: WHAT IS THE USE OF SORT KEY CAN U EXPLAIN BREEFLYAnswer
# 1Indicates the layout rule for the Allocation field in the document line item.
Its usefull to assign document line items in order wise Is This Answer Correct ? 4 Yes 2 No
0 Venkat
Re: WHAT IS THE USE OF SORT KEY CAN U EXPLAIN BREEFLY
Answer# 2
Sort Key is used to update the Assignment field automatically, through which we maintain in Sort key field in master records.
- Pankaj A Bhalerao
Why do we need to do Foreign Currency EvaluationAnswer
# 1In order to check the accounts both in local company and parent company we need to do foriegn currency evaluation.
With this we can calculate the direct quote of local
currency to foreign currency Is This Answer Correct ? 2 Yes 4 No
Re: Why do we need to do Foreign Currency EvaluationAnswer
# 2When we do balance sheet, open items in vendors/customer/ledger line item which are in foreign currency should be shown correctly.
As per account standard--11 of ICAI these should valuated at balance sheet date & what ever gain/loss should be accounted for.
This is reason we do foreign currency valueation.
In SAP customization done through OB59 & OBA1. We have define method for valuation. In method along with other parameter we define which rate should be taken to valuate foreigh currency.
Actual valuation we do by T-code F.05
Regards
Re: what is open item management? Can i change reconciliation account while posting transaction? if my client require what to do?Answer
# 3For Some Accounts we need to maintain as Open items by selecting opem item management in GL master whether those line items are open items or cleared items.
yes we can change the reconciliation account while posting, by selecting the option "Reconciliation Account ready for input" in GL master
To assign the information to alternative reconciliation account (other than the reconciliation accounts specified in the master records). This field is to be selected.
Indicator which determines that the reconciliation account is ready for input when posting a document. It is used in financial asset management
If invoice amout upto 25,000 pay from 1st bank, invoice amount 25,001 to 50,000 pay from 2nd bank, invoice amount 50,001 to 1,00,000 from 3rd bank, How can you configure through Automatic Payment Program(APP)Answer
# 1A. Create 3 payment methods
1) A-With Min. amt of 1 INR and Max Amt. of 25000 INR2) B-With Min. amt of 25001 INR and Max Amt. of 50000 INR3) C-With Min. amt of 50001 INR and Max Amt. of 100000 INR
B. In "Bank Determination" make below configuration
If invoice amout upto 25,000 pay from 1st bank, invoice amount 25,001 to 50,000 pay from 2nd bank, invoice amount 50,001 to 1,00,000 from 3rd bank, How can you configure through Automatic Payment Program(APP)Answer
# 2in APP there is no option of vendor invoice amount limit to make payment with the range of 0 to 25000 value but only can make rnage wherever sufficiant balance available on particular bank through rank order wise..
Re: If invoice amout upto 25,000 pay from 1st bank, invoice amount 25,001 to 50,000 pay from 2nd bank, invoice amount 50,001 to 1,00,000 from 3rd bank, How can you configure through Automatic Payment Program(APP)Answer
# 3Step -1 create 3 House Banks1. SBI2. HDFC3. AXISStep-2 create 3 payment methodsA – Payment method for SBIB - Payment method for HDFCC - Payment method for AXISStep -3 create ranking OrderP Curr Ranking Order House BankA INR 1 SBIB INR 2 HDFCC INR 3 AXISStep – 4 Bank AccountsHouse Bank P Curr Account ID Bank Account SBI A INR CA 3001 HDFC B INR CA 3002 AXIS C INR CA 3003 Step – 5 Assign payment methods to vendor masterGo to XK02 and assign 3 payment methods (A, B and C) to vendor Master
Program Variant Variant VariantRFFOUS_C SBI HDFC AXIS
Re: The outstanding for vendor invoice is $1000, vendor having three banks (HDFC, ICICI and AXIS bank). Vendor given an instruction that out of invoice amount $ 1000, $500 pay to HDFC bank, $300 pay to ICICI bank and $ 200 pay to AXIX bank. HOW TO CLEAR THE VENDOR INVOICE THROUGH APP.Answer
# 1Hi,
For the above requirement, we have to initially define Bank Types for all banks in vendor master data record (HDFC--- ABC and ICICI---DEF and AXIS---GHI. Though while posting vendor invoice for $500 we have to select the HDFC bank type in payment detail tab in T.CODE FB60 OR F-43.
So that system does pick the HDFC bank while running the Payment Program through T.CODE F110.
Hope u understand.If u would get any confusion pls revert back me.
Regards,uma sankar reddy.
The outstanding for vendor invoice is $1000, vendor having three banks (HDFC, ICICI and AXIS bank). Vendor given an instruction that out of invoice amount $ 1000, $500 pay to HDFC bank, $300 pay to ICICI bank and $ 200 pay to AXIX bank. HOW TO CLEAR THE VENDOR INVOICE THROUGH APP.Answer
# 3use tcode F-53, make this journal : 40 Dr. Vendor $100050 Cr. HDFC bank $50050 Cr. ICICI bank $30050 Cr. AXIX bank $200
Hope it clarify the problem. Is This Answer Correct ? 3 Yes 12 No
0 Meliawati
Re: The outstanding for vendor invoice is $1000, vendor having three banks (HDFC, ICICI and AXIS bank). Vendor given an instruction that
out of invoice amount $ 1000, $500 pay to HDFC bank, $300 pay to ICICI bank and $ 200 pay to AXIX bank. HOW TO CLEAR THE VENDOR INVOICE THROUGH APP.
Answer# 4
Hi,
Could you pls clarify,How does system pick the HDFC bank for $500, ICICI bank for $300 and AXIX for $200 while making the payment to vendor(I mean how do you tell to system to pick the bank).
pls revert back me if was mistake. Is This Answer Correct ? 1 Yes 1 No
0 Uma Sankar Reddy
Re: The outstanding for vendor invoice is $1000, vendor having three banks (HDFC, ICICI and AXIS bank). Vendor given an instruction that out of invoice amount $ 1000, $500 pay to HDFC bank, $300 pay to ICICI bank and $ 200 pay to AXIX bank. HOW TO CLEAR THE VENDOR INVOICE THROUGH APP.
Answer# 5
as per my understanding, 1 bank equal to 1 GL account.hence, its possible to gather all of the journal above.GL account bank will record all transactions related to specific bank, by doing reconcilition bank every end of month, we can start the same balance with real bank account. Is This Answer Correct ? 1 Yes 4 No
0 Meliawati
Re: The outstanding for vendor invoice is $1000, vendor having three banks (HDFC, ICICI and AXIS bank). Vendor given an instruction that out of invoice amount $ 1000, $500 pay to HDFC bank, $300 pay to ICICI bank and $ 200 pay to AXIX bank. HOW TO CLEAR THE VENDOR INVOICE THROUGH APP.
Answer# 6
Hi guru's
i seriously didnt understand how it is possible with app.if it is manual we can do it .coming to app
how we can make payment with different banks. i have tried creating part bank in vendor master.after that i mentioned part bank in invoice. there it takes only one bank.in another case we can make payment if it is installment payment. at the time of payment in app in proposal we can change it. if we can please tell me in detail.thanks in advance. Is This Answer Correct ? 0 Yes 3 No
Re: The outstanding for vendor invoice is $1000, vendor having three banks (HDFC, ICICI and AXIS bank). Vendor given an instruction that out of invoice amount $ 1000, $500 pay to HDFC bank, $300 pay to ICICI bank and $ 200 pay to AXIX bank. HOW TO CLEAR THE VENDOR INVOICE THROUGH APP.
Answer# 7
Hi,
For the above requirement, we have to initially define Bank Types for all banks in vendor master data record (HDFC--- ABC and ICICI---DEF and AXIS---GHI. Though while posting vendor invoice for $500 we have to select the HDFC bank type in payment detail tab in T.CODE FB60 OR F-43.
So that system does pick the HDFC bank while running the Payment Program through T.CODE F110. Is This Answer Correct ? 0 Yes 4 No
0 Uma Sankar
Re: The outstanding for vendor invoice is $1000, vendor having three banks (HDFC, ICICI and AXIS bank). Vendor given an instruction that out of invoice amount $ 1000, $500 pay to HDFC bank, $300 pay to ICICI bank and $ 200 pay to AXIX bank. HOW TO CLEAR THE VENDOR INVOICE THROUGH APP.
Answer# 8
first of all you have to split the invoice by applying installment payment terms.i.e rs 500 by this week,rs 300 by next week,rs 200 by next week.then you have to assign
the banks at invoice level or while running app.so first invoice due amount is 500 rs,u can assign hdfc bank and u can run app.and do same for the remaining amounts 300rs and 200rs. Is This Answer Correct ? 2 Yes 4 No
Re: The outstanding for vendor invoice is $1000, vendor having three banks (HDFC, ICICI and AXIS bank). Vendor given an instruction that out of invoice amount $ 1000, $500 pay to HDFC bank, $300 pay to ICICI bank and $ 200 pay to AXIX bank. HOW TO CLEAR THE VENDOR INVOICE THROUGH APP.
Answer# 9
My understanding is that there is just one vendor invoice of $1000 already posted in SAP and at the time of making payment i.e. on due date, you have received a request from vendor to make three payments of partial amounts i.e. 500, 300 and 200 and credit them to three different vendor bank accounts.
Make use of payment request (Spl GL ind 'P') to split amounts.
Thanks, Is This Answer Correct ? 1 Yes 2 No
0 Abhinav Sethi
Re: The outstanding for vendor invoice is $1000, vendor having three banks (HDFC, ICICI and AXIS bank). Vendor given an instruction that out of invoice amount $ 1000, $500 pay to HDFC bank, $300 pay to ICICI bank and $ 200 pay to AXIX bank. HOW TO CLEAR THE VENDOR INVOICE THROUGH APP.
Answer# 10
As per my knowledge may be it is possible through paymentrequest,
What is the Process for Credit Momo and Debit Memo in DETAIL? PLZ PLZ PLZ PLZAnswer
# 1Credit Memo(Customer) - F-27Debit Memo (Vendor) - F-41 Is This Answer Correct ? 2 Yes 2 No
Re: What is the Process for Credit Momo and Debit Memo in DETAIL? PLZ PLZ PLZ PLZ
Answer# 2
here in SAP, Credit memo and Debit Memos are called as Credit Memo.FB75 - Customer Credit MemoFB65 - Vendor Credit Memo
What is the Process for Credit Momo and Debit Memo in DETAIL? PLZ PLZ PLZ PLZAnswer
# 3Credit Memo: Received amount for Sale of goods to my customer. Here entry is:
Customer A/c. Dr 10,000 To Sales A/c. Cr 10,000
In some reasons goods is partially damaged for example worth of Rs.1000. For this I issue Credit Memo to my customer for Rs.1,000/-.
And My customer issue Debit Memo by accepting the same amount.
e: What is the difference between LSMW, BDC & BAPI. Could you please explain in brief & how?Answer
# 2LSMW - Legacy System Migration Workbench , it is used extensively during the implementation time for uploading the legacy data to SAP system like master datas customer master record,vendor master,g/l master etc.inorder to start running LSMW we have certain prerequisites to be defined.LSMW will be used predominentely by Functional consultants.
BDC - Batch Data Communication ) is used for uploading mass data into SAP system. In SAP system BDC also referred to batch input or data tranfer.Typical UsesTypical uses of batch input include the one-time import of
data from a legacy system into a newly installed R/3 System. Another typical use is for periodic transfers of data from external systems or legacy systems that are still in use into SAP.
BAPI - BAPI (Business Application Programming Interface) is a set of interfaces to object-oriented programming methods that enable a programmer to integrate third-party software into the proprietary R/3 product from SAP. For specific business tasks such as uploading transactional data, BAPIs are implemented and stored in the R/3 system as remote function call (RFC) modules.
Please provide me the the difference between Procure to Pay(P2P),Buy to Pay(B2P)and Invoice to Pay(I2P)Answer
# 1p2p means procure to pay its include the day where we are raise the required reqvisation there five steps in this area 1. raise the ticket regarding requirment2. issue the po( purchase order) of the requested material 3. receive the material which we issue the PO (purchase order)4. receive the invoice agaist of material recieved
5. enter the invoice in AP through miro6. pay the invoice amount according to the payment Trem.by cash or by cheque or by transfer.
B2P (Buy to pay )Means you can see take the points from 3rd point to end.
I2P ( INVOICE TO PAY ) Means you take the 4th point to end.I2P
Re: Can any body explain what configuration steps are required for parallel accounting (parallel ledger) in new GL ?Answer
# 1How does Parallel Accounting works in SAP (FICO)? Requirement is; a leading ledger is created in the system (0L – ledger = GAAP). Then another ledger should be created and classified as non-leading ledger (1L – ledger = TAX).
All financial transactions in the system are posted to both ledgers if no ledger is specified in the transaction. If you generate a financial statement or gl account report, both ledgers contain the data of the transaction posted.
To post only to specific leger (e.g. 0L – ledger), the Ledger Group field in the header should be filled-up with 0L – ledger. The transaction won’t affect the other ledger (1L – ledger).
Configuration Steps: 1. Define Ledgers for General Ledger accounting2. Define Currencies for Leading ledger3. Define and active non-Leading ledger.
: Do you transfer the master data from development server to production server ?Answer
# 5Hi SAP FICO Consultants here i want to share my opinion with you.Directly we cannot move master data from
development server to production server.First we customize data according to client requirements (in deve server i.e sand box, golden client , unit test after that satisfaction the configured data will transfer to through Transport Request which generates by functional consultant and release by himself.The moved data checks by BASIS Team,if they get RC=0 there are no errors & successfully completed;2.if they get RC=4 there are errors in data but can move to quality server.3.if they get RC=8 there are errors in data but can't move to quality server.once the data doesn't contain errors, successfully move data.Again in the quality server , client team test data for quality maintainable like regression test conducts .if client team get satisfaction,they issue UAT and sign off by giving end-user traning.At go-live stage master data transfer from quality server to production server through LSMW , BDC .
this is the process to move data from quality server to production server .
what is use of BRS ,Could you please ExplainAnswer
# 1The pupose of BRS to tally both books Bank pass book and company Bank account like what check we issued what check cleared in bank, BRS help to avoid the organizatioal mistakes, ex:in DLF New delhi a check missed worth 1crore the same came to clearing to axis-hyd, unfortunetly there is no money in that branch and they told to draw tommorrow, in between DLF realised and requested to Axis for
: What is a Cross company code.Please explain in brief.Answer
# 2Cross-Company code Transaction involves two or more company codes in one business transaction.
1.One Company code makes purchases for other company codes(central procurement)2.One Company code pays invoices for other company code(central payment)3.One company code sells goods to other company codes
: in which process vendor data are uploaded in bdcAnswer
# 1the process is first mantain a ledger of this vendor data then create templetes of this then uploaded through bdc by using abap program , then two g/l account will create one will be null and the second one will active.
Account assignment category means. where do we come acros it. where we specify it.Answer
# 1we use the account assighnment catagory in account assig. module, first we have to create the account assign catagory then only we can use that model entry to distribute the expenses amongs the various business area or gl expenditer. Is This Answer Correct ? 5 Yes 8 No
2 Manish Sharma
Re: Account assignment category means. where do we come acros it. where we specify it.
Answer# 2
Account assignment caregory is used at the time of creation
of a purchase order.For normal PO no AAC is required. if the posting is directly to a costcenter(K) or Asset(A) we need this AAC.You can see this at ME21n under item overview
WHAT Z SPECIAL G/L TRANSACTIONS? Answer
# 2The G/L transactions other than AP & AR are known as specialG/l Transactions. Items like Advance to customers, Bills ofexchange, Interest etc are treated as Special g/l tnxsUsually for Special G/l tnx there would be a reconciliationaccount
AN ANYONE HELP ME OUT FOR... WHAT IS THE DIFFERENCE BETWEEN G/L A/C AND NEW G/L A/C IN SAP FI ?Answer
# 1HI ,
normally in 4.7 EE editon we are creating gl accounts .we can post at the GL account wise in the 6,0 here we can split the amounts as per the accounts and involved inthe item catagery. Is This Answer Correct ? 1 Yes 3 No
0 Guest
Re: CAN ANYONE HELP ME OUT FOR... WHAT IS THE DIFFERENCE BETWEEN G/L A/C AND NEW G/L A/C IN SAP FI ?
Answer# 2
Hi
document splitting is a difference between g/l a/c and new g/l a/c. new g/l functionality:1) parellel accounting2)segment reporting3)real time fico functionality
What is the diffrence b/w credit managment & Credit control areaAnswer
# 1Credit ManagementA large number of outstanding receivables or bad debts can have a not inconsiderable impact oncompany performance. Using Credit Management, you can minimize your credit risk by defininga credit limit for your customers. This is especially important if you do business with customers infinancially unstable sectors or countries, or trade with countries that are politically unstable or thatadopt a restrictive exchange rate policy.
Credit Control Area
An organizational unit that represents the area where customer credit is awarded and monitored.This organizational unit can either be a single or several company codes, if credit control isperformed across several company codes. One credit control area contains credit controlinformation for each customer.
Re: what is controlling area, cost center, cost element,internal order & profit center?what does it control?what is relationship between each other?Answer
# 4hi,
controling area means, it is individual area which we find out the actual costs and incomes, based on this information we can decide whether we hav to control costs and incomes from the tht area. area means productr services.
cost center indicate of actual cost of the product to produced r to get. it is part of controling of costs.
internal order means to get the raw meterial from the godown to the production area, we hav to cofigure steps to posting data raw meterial like meterial type, cost, etc.
profit center indicate the actual profit of each product r serves.
these are inter related with each other. these are used to find the actual cost incured and incomes gained. based on this we can control the cost of producing products.
this information as of my knowledge, if der is any wrong, pls ignore, then send me right answer to my id:[email protected]
what is controlling area, cost center, cost element,internal order & profit center?what does it control?what is relationship between each other?Answer
# 5Controlling Area:An organizational unit within a company, used to represent a closed system for cost accounting purposes.A controlling area may include single or multiple company codes that may use different currencies. These company codes must use the same operative chart of accounts.All internal allocations refer exclusively to objects in the same controlling area.
Profit center:rofit center is an organizational unit in
accounting that reflects a management-oriented structure of the organization for the purpose of internal control.Profit Center Accounting evaluates the profit or loss of
individual, independent areas within an organization. These areas are responsible for their costs and revenues.
Cost Center:Cost Centers are the organizational units within a controlling area that represents a location where costs occur. Organizational divisions can be done on the basis of functional, settlement-related, activity-related,
region/section/department related, and/or responsibility-related, to monitor actual and plan figure standpoints where cost is captured.
Cost Element:All Profit and Loss GL account defined in Finance Chart of account shall be created, as Cost Element This is in order to avoid Reconciliation of FI and CO module. As soon as Cost element is created in controlling module one needs to give Cost object to it. Cost Object could be Material, Cost Center, Internal Order, Production Order etc.Two Types of CE:Primary CE- Primary cost elements, which are based on GL accounts. Secondary CE- Secondary cost elements are used only in CO booking in case of transfer/allocation/Distribution/Recovery of cost
within Controlling.
Internal Order:An internal order is used to accumulate cost for a specificproject or task for a specific time period. An internalorder is therefore used for a short period with a specificdeadline.
Cost center, Profit center, Internal order & Cost element above all under controlling area they are link each other.they cost object where cost and revenue collect.
SAP FICO Interview Questions1) Differences between company code and company2) business area and PCA3) Retained earnings Account4) Account group functionality5) field status variant6) fiscal year variant Vs posting period variant7) withholding taxes8) tax on sales and purchases9) use tax10) Vat11) jurisdiction code12) external number range and internal number range13) FI organizational structure14) CO organizational structure15) FI tables16) CO tables17) CO-PA tables18) APP configuration steps19) APP run steps20) Importance of base line date21) importance of next posting date in APP run22) Dunning configuration23) Dunning run stepsSAP FICO Interview Questions24) check printing program25) Void and reprint checks26) pre numbered checks27) House banks28) if vendor is a customer29) dunning area30) dunning key
31) dunning block32) payment block33) Journal entries in SD integrations34) Journal entries Billing and PGI35) Journal entries in FI-MM integrations36) Journal entries for goods issue, scraping and goods issued to production37) valuation class38) validations and substitutions39) valuation area40) valuation modification41) general modification42) Material master views43) FS00 all tabs44) Vendor and customer master creation( all tabs)45) ASAP methodologySAP FICO Interview Questions46) All five phases in ASAP methodology47) testing process48) documentation49) functional specs50) user exits51) customer exits52) enhancements53) tables view54) work bench request and customizing requests55) SM35 and SE38 screens56) DEV, testing and PRD clients57) Tickets / messages58) problems faced in implementation and support59) client, cross client, transport of configuration60)LSMW61)BDC62) Debugging a program63) Special GL accounts, Special GL Transactions, Alternative GL accounts64) Down payment Request, Down payments,65) Noted items66) Parking a document and holding a document67) sample document and recurring documentSAP FICO Interview Questions68)BRS69) Clearing accounts70)Open item management71) line item display72) bank sub accounts73) payment terms74) controlling area75) versions76) link between FI and CO77) assessment and distributions78) allocation structure79) what is cost center80) what is a profit center81) Profit center configuration steps
82) Report painter83) Report84) Report groups85) Report library86) Statistical and Real postings87) Standard hierarchy and alternative hierarchy88) Transferring data to SD to COPA configurations89) CO-PA configuration all steps90) Month end closingSAP FICO Interview Questions91) year end closing92) Go-Live activities93) Lock Box concept94) cross company code transactions95) settlements in co96) difference between cost centers and internal orders97) Reconciliation Accounts98) Extended With Holding Taxes configuration steps – right from creation of WH Tax Types, Codes to Annual Return99) What is chart of account and how many charts of accounts can be assigned to a company100) What is residual payment and part payment101) procurement cycle in MM102) goods movement103) What is GR/IR? What journal entries104) Primary cost elements and secondary cost elements105) How to configure FI and CO reconciliation account106) Steps for electronic bank reconciliation statement107) CO-PA Transfer of Incoming Sales Orders108) Report Painter, How to reverse +/- signs109) What is the relationship between Report Groups and the report groups
1 A. Company is nothing but Group of Company codes eg. TATA, Company code nothing but Tata Consultancy Servies. so many company code we can assign to One company. Company having different typies of company codes eg. TATA Group having TCS, Tata Steel, Titan like that.
3 A. Retained Account mean this is mandatory we can't creat GL account without Retained account. On year ending p&l account balance transfer to Retained a/c balance sheet a/c s transfer to individual a/cs.
Answer# 2
account group determines which fields you can configure in the GL master record. either it should be B/S or P&L item. It may be even sample account.It controls the number range of GL accountIt controls the status of fields of the GL master record
6. Fiscal year variant can be defined as year dependent or year independent.It contains the definitions of posting period and special periods.Posting period variant controls the open and close of the particular year for each co code(both normal and special periods)
Answer# 4
12. External number range is the numbers given by the person who is entering the transaction, which can be even alpha numeric. numbers in sequence is not necessary.Internal number range is the system generated numbers, in which numbers are in sequence.
13. Client - chart of accounts - co code - business area
20 Base line date is date from which terms of payment apply. Base line date be a) document date b)posting date c)no default(the user should explicitly must define the baseline date in invoice) d)entry date. Base line date is used to calculate cash discount amount.
Answer# 5
66 hold document: No document no. assignemntfree assignment of the designationno update of the transaction figurenot taken into account for evaluations/reports
Park document:system assigns the numberuser must pass on the number if it is assinged externally
# 667 sample document is a special type of reference document.data from this document is used to create default entries on the accounting document entry screen.It does not update transaction figures.recurring document is used for periodical postings such as rent payments/recipts, loan payements etc.It should be posted sequentially. it is not possible to skip one payment and post the next due.
69 clearing accounts is nothing but balancing the debit and credit of a particular account.
70 open item management shows the transactions which is open as well as cleared items.
Answer# 7
2.Business area and pca both are useful for internal reporting purpose but coming to taxes business area is not supported so now a days all the people are useing pca for reporting . mainly pca is useful for to know the profit for a particular product wuse , product grp wise or location wise if business area is not activated in fi.
1.company is a legal entity we can assign n no os company code under one company .company code means we can maintain all financial data
3.account grp : grouping of all the activities in order to control the master records
5.different fields which are useful for posting
6. fiscal yr variant is nothing but financial yr for company here we can maintain 2 types of fiscal yr variants1.calender yr2.yr dependent fiscal yrposting period variant: for posting any g/l a/c we need to open that period for this we need posting period variant
7.withholding taxeswe have 2 types of withholding taxes1.classical2.extendedn some countries, a portion of the invoice amount must be withheld for certain vendors and paid or reported directly to the tax authorities.SAP currently provides 2 functions for calculating withholding tax.1. Classic withholding tax 2. Extended withholding taxExtended withholding tax includes all the features of classic withholding tax and, in addition, also fulfills a number of further country specific requirements.If you wish to implement the withholding tax functions in your organization you should choose extended withholding tax. 8. taxes on sales and purchases if we wnat to maintain taxes on sales and purchases we need to maintain tax procedures the diff between sales tax and
purchases tax we need to pay to the tax authorities
taxes on sales and purchases are levied on every sales transaction in accordance with the principles of VAT. This applies to input and output tax, for e.g. input tax is calculated using the net invoice amount and is charged by the vendor.Output tax is calculated using the net price of products and is charged to the customer.Companies can offset input tax against output tax, paying the balance to tax authorities
9.use taxuse tax is a tax that is withheld by vendor. If the vendor does not charge taxes on taxable transactions or cannot charge for legal reasons for e.g. the recipient of the goods is obliged to pay the taxes due to the tax authorities. This tax increases the expense.
10. value added tax
11.Jurisdiction codejurisdiction code is a key which determines the tax amount and the way in which payment of the total tax amount is divided between different tax authorities. Jurisdiction codes are used in USA and Brazil. These codes are made up of 3 levels these are25022110525=state code022=country code1105=city code
Answer# 8
.Business area and pca both are useful for internal reporting purpose but coming to taxes business area is not supported so now a days all the people are useing pca for reporting . mainly pca is useful for to know the profit for a particular product wuse , product grp wise or location wise if business area is not activated in fi.
Answer# 9
1.company VS company code.a.company consist group of company codes where company code is a single unit.b.company is used for consolidation of all financial reports where as company code is used to prepare financial statements.
both are used for internal reporting but now a days all companies is preferred to use PCA.business area may not supported by SAP in future.business area tax item spilliting it created problem.
3. retained earnings accountretained earnings account means the balances of p&l account are transferred tear end clohis account at the time year end closings.
4.Account group functionalityAccount groups controls the master records,data screen layouts and number range intervals.without this it's not possible to create master records.
5.field status variant.field status variant detemines which field is ready for input,we make some fields as optional,mandatory and suppress.
6.FSV vs PPVFSV is nothing but financial year (or) academic year it contains 12 periods and 4 special periods.where as PPV controls the open and closing posting periods.
SE10: is also a workbench organizer include SE09 andcustomizing the objects.
: What is Residual Payment and Part payment.Answer
# 3Partial Payment :- When you make a partial payment, it does not clear your invoice. Both the original invoice entry and the payment entry will be shown in the customer/vendor account as open items.
Residual Payment :- In case of residual payment, even though a part of the invoice amount is paid, it clears the original invoice. System will create a new document for the balance amount and this document will be shown as open item. The original invoice document and the payment document will be shown as cleared items.
How do you give the link between ar, ap to gl a/cAnswer
# 4when we creating the gl master then we mention that the reconcilation a/c type is vendor or customer based on the G/L master we have takenWhen we create masters in Vendor or Customer we mention the reconcilation account No. in the master recordsthis is the link btn gl,Vendor and Customer
Re: what is alternative gl account and what is the use of this briefly explain? Hi sap gurus can anybody provide the answer to sameAnswer
# 1ALTERNATE GL ACCOUNT OR SPECIAL GL ACCOUNT SHOWS IN GL AND SUB LEDGER, ALTERNATE GL ACCOUNT HELP TO
TRANSFER AVAILABLE AMOUNT TO GL ACCOUNT (RECONCILIATION A/C)SEE EX:- WHEN PAID DOWN PAYMENT ENTRY ISADVANCE TO VENDOR DRTO BANK A/CHERE ADVANCE TO VENDOR IS ASSET A/C THAT MEAN WE CANT ENTER THIS VENDOR RECONCILIATION BECAUSE VENDOR RECONCILIATION (SUNDRY CREDITOR) IS LIABILITY ACCOUNT THAT IS WHY WE HAVE TO CREATE ALTERNATE RECONCILIATION ACCOUNT AFTER PURCHASE INVOICE WE HAVE TO TRANSFER THE AMOUNT FROM ALTERNATE RECONCILIATION TO RECONCILIATION ACCOUNT
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