Amrit Cement SAP Fico Consultant Interview Questions and Answers

Configurations for WHT tax, AP, AR, GST, BRS, Vendor balance upload in SAP Fico Consultant

• For WHT tax, configure tax codes and tax types in SAP

• For Accounts Payable, set up vendor master data, payment terms, and tolerance groups

• For Accounts Receivable, configure customer master data, dunning procedures, and payment terms

• For GST, define tax codes, tax procedures, and tax jurisdiction codes

• For BRS (Bank Reconciliation Sta...read more

IDOC, LSMW, BDC are tools used in SAP for data transfer and processing.

• IDOC (Intermediate Document) is a standard data structure used for exchanging data between SAP systems or between an SAP system and an external system.

• LSMW (Legacy System Migration Workbench) is a tool used to transfer data from legacy systems into an SAP system.

• BDC (Batch Data Communication) is a method used to transfer data from external systems i

HANA is a real-time database platform while ECC is a traditional ERP system. HANA offers faster processing and real-time analytics for Asset Accounting (AA).

• HANA is a in-memory database platform that allows for real-time processing of data, providing faster analytics for Asset Accounting.

• ECC, on the other hand, is a traditional ERP system that may not offer the same level of real-time processing capabilities as HANA.

• HA...read more

Procure to pay cycle is the process of obtaining goods or services from a vendor and paying for them.

• Includes steps like requisition, purchase order, goods receipt, invoice verification, and payment

• Involves coordination between procurement, finance, and accounts payable departments

• Ensures timely and accurate payment to vendors

• Integration with SAP FICO module for financial accounting and controlling

The bill to pay cycle refers to the process of receiving and paying invoices for goods or services rendered.

• Involves receiving invoices from vendors

• Verifying the accuracy of the invoices

• Obtaining necessary approvals for payment

• Processing payments to vendors

• Reconciling accounts payable