Alkem Laboratories SAP Fico Consultant Interview Questions, Process, and Tips

GR/IR account is used in SAP to manage goods receipts and invoice receipts. OBYC settings are used to configure G/L accounts for different transactions. Journal entries are recorded to reflect transactions in the GR/IR account.

• GR/IR account is used to manage the balance between goods receipts and invoice receipts

• OBYC settings are used to configure G/L accounts for different transaction keys in SAP

• Journal entries are re...read more

If an Asset Acquisition is done after the Depreciation run, depreciation will not get calculated in ECC but will get calculated in S4Hana.

• In ECC, depreciation will not get calculated for the period in which the asset was acquired after the depreciation run.

• In S4Hana, depreciation will get calculated from the acquisition date onwards, considering the remaining useful life of the asset.

• It is important to post the acquisi...read more

The Asset can be deactivated in SAP Fico using the Deactivate button.

• Assets can be deactivated when they are no longer in use or have been disposed of.

• To deactivate an Asset, go to the Asset Accounting module in SAP Fico and select the Asset to be deactivated.

• Click on the Deactivate button to mark the Asset as inactive.

• Deactivating an Asset does not delete it from the system, but it prevents any further transactions fr

Profitability segment and analysis is a feature in SAP FICO that allows for detailed analysis of profitability at various levels.

• Profitability segment is a key component in SAP FICO that helps in analyzing profitability at a granular level.

• It allows for tracking and analyzing profitability based on various segments such as product, customer, region, etc.

• Profitability analysis involves evaluating the profitability of di...read more