Fujitsu SAP MM Functional Consultant Interview Questions and Answers

STO stands for Stock Transport Order. It is used to transfer goods from one plant to another within the same company code.

• One step STO involves creating a purchase order directly from the receiving plant to the supplying plant.

• Two step STO involves creating a stock transport order and then a goods receipt at the receiving plant.

• STO helps in tracking the movement of goods between plants and ensures proper inventory mana...read more

Pricing procedure in SAP MM determines the conditions for pricing materials and services in purchase orders and invoices.

• Pricing procedure is a set of condition types that are used to determine the prices of materials and services in procurement processes.

• It is configured in SAP MM using transaction code M/08.

• Pricing procedure is assigned to a purchasing document type in customizing settings.

• It consists of various step...read more

Oracle bill in advance accounting entries

• When billing in advance, recognize revenue over the service period

• Debit Accounts Receivable and credit Unearned Revenue upon billing

• Recognize revenue by debiting Unearned Revenue and crediting Revenue over time

• Adjust entries as revenue is earned

Process improvement implementation involves analyzing current processes, identifying areas for improvement, implementing changes, and monitoring results.

• Analyze current processes to identify inefficiencies

• Develop a plan for improvement with clear objectives and timelines

• Implement changes gradually to minimize disruption

• Monitor results and adjust as needed to ensure success

P2P cycle refers to the Procure-to-Pay cycle, which is the process of purchasing goods or services from suppliers.

• The cycle starts with the creation of a purchase requisition.

• The requisition is then approved and converted into a purchase order.

• The purchase order is sent to the supplier.

• The supplier delivers the goods or services.

• The goods or services are received and inspected by the buyer.

• An invoice is received from t...read more