Amrit Cement SAP Fico Consultant Interview Questions and Answers

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Q1. Based on the role you apply for.
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Self introduction, Basic accounting

Q1. In details concept of sap fico
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Q1. What is pto p cycle
Ans. 
PTP cycle stands for Procure to Pay cycle, which is the process of purchasing goods or services from a vendor and paying for them.
• PTP cycle involves steps like requisition, purchase order creation, goods receipt, invoice verification, and payment processing.

• It helps organizations streamline their procurement process and ensure timely payments to vendors.

• Example: A company places an order for office supplies, receives t...read more
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Q2. What is asset accouting configuration
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Asset accounting configuration involves setting up the system to manage fixed assets and depreciation.
• Define asset classes based on company requirements

• Specify depreciation areas and methods

• Assign GL accounts for asset transactions

• Configure asset master data fields

• Set up asset valuation and depreciation keys
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Q3. What is otoc cycle
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OTOC cycle stands for Order to Cash cycle, which refers to the process of receiving and fulfilling customer orders.
• OTOC cycle involves receiving customer orders, processing them, delivering the products or services, and receiving payment.

• It includes steps such as order entry, order processing, picking, packing, shipping, invoicing, and payment collection.

• Efficient OTOC cycle management is crucial for ensuring customer ...read more
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Q1. What is ebrs configration
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EBRS configuration refers to the setup and customization of Electronic Bank Reconciliation System in SAP FICO module.
• EBRS configuration involves defining bank master data in SAP system

• Setting up bank statement formats and importing bank statements into SAP

• Mapping bank transactions to corresponding GL accounts

• Configuring automatic clearing rules for reconciling bank transactions

• Testing and validating the EBRS setup to e
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Q2. What is dme structure
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DME structure refers to the format and layout of the Data Medium Exchange file used for electronic payments in SAP.
• DME structure defines how payment data is organized in the file

• It includes information such as bank details, payment amounts, and reference numbers

• Different countries may have specific DME structures based on local banking regulations

• Examples of DME formats include IDoc, XML, and CSV
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Q1. About technical knowledge
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Q2. Experience in SAP application
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I have 5 years of experience working with SAP applications, specializing in FICO module.
• Implemented SAP FICO solutions for multiple clients

• Configured financial accounting and controlling modules in SAP

• Performed system testing and user training

• Troubleshooted and resolved issues in SAP applications
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Q1. Related More to SAP Finance Conslting
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Q2. Its confidential
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Q1. Confidential test give by me
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Q1. How menay currency use in S4HANA?
Ans. 
S4HANA can support multiple currencies, allowing for flexibility in global business operations.
• S4HANA can support multiple currencies for global business operations

• The number of currencies used in S4HANA can vary depending on the specific business requirements

• Examples of currencies that can be used in S4HANA include USD, EUR, GBP, JPY, etc.
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Q2. OPEX and CAPEX Deference?
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