Amazon Development Centre India SAP Fico Consultant Interview Questions and Answers

Condition record is used to define pricing and discounts for customers and materials.

• Condition record is used in SAP FICO module.

• It is used to define pricing and discounts for customers and materials.

• It helps in maintaining the consistency of pricing and discounts across the organization.

• It can be used to define different pricing and discounts for different customers and materials.

• Examples of condition records include ...read more

Not maintaining account modifier can lead to incorrect financial reporting and accounting errors.

• Account modifier is used to differentiate between different types of transactions in financial reporting.

• If not maintained, it can lead to incorrect financial statements and accounting errors.

• For example, if a company has multiple revenue streams, not maintaining account modifier can lead to revenue from different streams b...read more

Four situations where we have to create a Bank Reconciliation Statement

• When there is a discrepancy between the bank balance and the company's books

• When there are outstanding checks or deposits in transit

• When there are bank errors or fees that need to be reconciled

• When there are adjustments for interest earned or bank charges