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Genpact SAP Fico Consultant Interview Questions, Process, and Tips

Updated 29 Feb 2024

Top Genpact SAP Fico Consultant Interview Questions and Answers

View all 17 questions

Genpact SAP Fico Consultant Interview Experiences

3 interviews found

Interview experience
2
Poor
Difficulty level
-
Process Duration
-
Result
-
Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all tips
Round 2 - One-on-one 

(7 Questions)

  • Q1. What do you about know sap fico
  • Ans. 

    SAP FICO is a module in SAP ERP that deals with financial accounting and controlling.

    • SAP FICO is an acronym for SAP Financial Accounting and Controlling.

    • It is a module in SAP ERP that integrates financial accounting and controlling processes.

    • It helps organizations manage their financial transactions, financial reporting, and cost controlling.

    • SAP FICO includes sub-modules like General Ledger Accounting, Accounts Payable...

  • Answered by AI
  • Q2. What is posting period varint
  • Ans. 

    Posting period variant is a configuration setting that controls the posting periods for financial transactions.

    • Posting period variant determines the open and closed periods for posting financial transactions.

    • It is assigned to a company code and controls the posting periods for all financial modules.

    • It can be customized to meet the specific needs of the organization, such as defining special periods for year-end closing...

  • Answered by AI
  • Q3. What asset class and who made asset class
  • Ans. 

    Asset class is a categorization of assets based on their characteristics. It is made by the company's management.

    • Asset class is used to group similar assets together for reporting purposes

    • It helps in tracking and managing assets efficiently

    • Examples of asset classes include buildings, machinery, vehicles, and furniture

    • Asset classes are created by the company's management based on their business needs

  • Answered by AI
  • Q4. What are the type of tolerance group in sap
  • Ans. 

    There are three types of tolerance groups in SAP: payment, invoice, and purchasing.

    • Payment tolerance group controls the maximum amount of difference between the invoice and payment.

    • Invoice tolerance group controls the maximum amount of difference between the invoice and purchase order.

    • Purchasing tolerance group controls the maximum amount of difference between the purchase order and goods receipt.

    • Each tolerance group i...

  • Answered by AI
  • Q5. What is posting key and how to deater mined the posting key
  • Ans. 

    Posting key is a two-digit numerical code used in SAP FICO to determine the type of transaction and the general ledger account to be posted.

    • Posting key is used to control the entry of accounting documents in SAP FICO.

    • It determines the type of transaction, such as debit or credit, and the general ledger account to be posted.

    • Posting keys are predefined in SAP and can be customized as per business requirements.

    • The posting...

  • Answered by AI
  • Q6. What is cash journal and how many steps of cash journal
  • Ans. 

    Cash journal is a special journal used to record all cash transactions in a company.

    • Cash journal is used to record all cash transactions in a company

    • It is a special journal that is used to manage cash transactions

    • Cash journal is used to record all incoming and outgoing cash transactions

    • There are 3 steps in cash journal: creating a cash journal, posting transactions, and closing the cash journal

  • Answered by AI
  • Q7. What is documents types
  • Ans. 

    Document types are categories of documents used in SAP to classify and organize business transactions.

    • Document types are assigned to each transaction in SAP to identify the type of transaction and its purpose.

    • Examples of document types include vendor invoices, customer invoices, purchase orders, and payment requests.

    • Document types are used to control the posting of accounting entries and to determine the document numbe...

  • Answered by AI
Round 3 - One-on-one 

(7 Questions)

  • Q1. What is account payable
  • Ans. 

    Account payable is the amount owed by a company to its suppliers or vendors for goods or services received but not yet paid for.

    • It is a liability account in the balance sheet

    • It represents the amount owed to suppliers or vendors

    • It includes invoices received but not yet paid

    • It is an important component of working capital management

    • Example: A company receives a bill for $10,000 from a supplier for raw materials purchased....

  • Answered by AI
  • Q2. What is account receivable
  • Ans. 

    Account receivable is the amount of money owed to a company by its customers for goods or services sold on credit.

    • It is a current asset on the balance sheet

    • It represents the amount of money that a company expects to receive from its customers

    • It is recorded as a debit entry in the company's books

    • Examples include outstanding invoices, credit notes, and bad debts

  • Answered by AI
  • Q3. What are the type of chart of accounts
  • Ans. 

    There are three types of chart of accounts: Operating chart of accounts, Group chart of accounts, and Country-specific chart of accounts.

    • Operating chart of accounts is used for daily accounting activities and is assigned to a company code.

    • Group chart of accounts is used for consolidating financial statements of multiple company codes.

    • Country-specific chart of accounts is used to meet legal and reporting requirements sp...

  • Answered by AI
  • Q4. How to configuration AAP
  • Ans. 

    AAP configuration involves setting up the Asset Accounting module in SAP FICO.

    • Define chart of depreciation

    • Create asset classes

    • Specify depreciation areas

    • Assign asset classes to depreciation areas

    • Define screen layout rules

    • Configure number ranges for asset master records

    • Set up depreciation keys

    • Define tax depreciation areas

    • Configure integration with other modules

  • Answered by AI
  • Q5. What are the level of configured down payment
  • Ans. 

    There are three levels of configured down payment: partial, final, and intermediate.

    • Partial down payment is made before the delivery of goods or services.

    • Final down payment is made after the delivery of goods or services.

    • Intermediate down payment is made during the delivery of goods or services.

    • Each level can have different percentages and due dates.

    • Down payment configuration can vary based on company policies and cust

  • Answered by AI
  • Q6. What are the process of desperation calculated
  • Ans. 

    Desperation is not a process that can be calculated. Did you mean depreciation?

    • Desperation cannot be calculated as it is an emotion.

    • Depreciation is the process of allocating the cost of an asset over its useful life.

    • Depreciation can be calculated using various methods such as straight-line, declining balance, and sum-of-the-years' digits.

    • Depreciation is important for financial reporting and tax purposes.

    • For example, a ...

  • Answered by AI
  • Q7. What is product costing
  • Ans. 

    Product costing is the process of determining the cost of producing a product or service.

    • It involves identifying all the costs associated with producing a product or service, including direct and indirect costs.

    • Direct costs include materials, labor, and other expenses directly related to production.

    • Indirect costs include overhead expenses such as rent, utilities, and administrative costs.

    • Product costing is important fo...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Sap fico consultant is very important for Every company

Skills evaluated in this interview

Interview experience
3
Average
Difficulty level
-
Process Duration
-
Result
-
Round 1 - Technical 

(1 Question)

  • Q1. 1. What is a cost center? 2. What are the month-end activities ?
  • Ans. 

    A cost center is a specific location, department, or function within a business that is responsible for incurring costs.

    • Cost centers help track and allocate expenses within an organization.

    • They are used for budgeting, forecasting, and performance evaluation.

    • Examples include marketing department, IT department, and production line.

    • Month-end activities may include closing financial books, reconciling accounts, and prepar

  • Answered by AI

SAP Fico Consultant Interview Questions Asked at Other Companies

asked in Infosys
Q1. 1. Journal entry for Purchase with GST 2. Explain any one Ind AS ... read more
asked in TCS
Q2. What is sap co and personal account and nominal account and that ... read more
asked in Capgemini
Q3. Where do you transfer the profit you get in P&L a/c?
Q4. How many currencies that can be configured for a company code
asked in TCS
Q5. What is financial statement version ??
Interview experience
5
Excellent
Difficulty level
-
Process Duration
-
Result
-
Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all tips
Round 2 - Telephonic Call 

(2 Questions)

  • Q1. What is Financial Statement Version?
  • Ans. 

    Financial Statement Version is a configuration tool in SAP FICO used to define the structure and layout of financial statements.

    • Financial Statement Version is used to group and organize financial statement items.

    • It allows customization of the structure and presentation of financial statements.

    • It helps in generating accurate and meaningful financial reports.

    • It can be used to define multiple versions of financial stateme...

  • Answered by AI
  • Q2. What is withholding tax?
  • Ans. 

    Withholding tax is a tax deducted at source from payments made to suppliers or vendors.

    • It is a tax deducted by the payer from the payment made to the payee.

    • The payer is responsible for remitting the tax to the government.

    • It is applicable to certain types of payments like salaries, rent, and professional fees.

    • The rate of withholding tax varies depending on the type of payment and the country's tax laws.

    • The payee can cla...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Prepare for withholding tax they will ask more about that..

SAP Fico Consultant Jobs at Genpact

View all

Interview questions from similar companies

I applied via Recruitment Consultant and was interviewed before May 2020. There were 4 interview rounds.

Interview Questionnaire 

2 Questions

  • Q1. Subjective questions and Background Analysis.
  • Q2. Answers in short.

Interview Preparation Tips

Interview preparation tips for other job seekers - Be confident and don't keep quiet if u don't no know the answer atleast reply Sorry in a positive way.

Interview Questionnaire 

2 Questions

  • Q1. Dear team I am Srinivas working as a SAP FICO consulatant i want to job change if any requirements in your organization let me know for interview.
  • Q2. I want to do job in INFOSYS it is my achievement to work in work in Infosys

Interview Questionnaire 

1 Question

  • Q1. Interviewer asking questions related to FICO like GL, AR,AP and COPA

Interview Preparation Tips

Interview preparation tips for other job seekers - Be confident about your answers no matter how much knowledge you have but remain confident in that stage
If you don't know the answer then simply said no I have never worked on that part

Interview Questionnaire 

1 Question

  • Q1. How many chart of accounts can we assign a company code
  • Ans. 

    A company code can be assigned to only one chart of accounts.

    • A company code can have multiple company codes, but each company code can only be assigned to one chart of accounts.

    • The chart of accounts determines the account structure and is used for recording transactions.

    • If a company has multiple subsidiaries with different accounting requirements, it may need to create multiple company codes with different charts of ac...

  • Answered by AI

Skills evaluated in this interview

I applied via Campus Placement and was interviewed before Jul 2021. There were 2 interview rounds.

Round 1 - Technical 

(1 Question)

  • Q1. 1. Journal entry for Purchase with GST 2. Explain any one Ind AS 3. What is SAP? 4. What is ERP? 5. Why IT industry? 6. What is the use of Flash-Fill in Excel? 7. Any 5 excel features. (Pivot table, macros...
Round 2 - HR 

(1 Question)

  • Q1. Salary, location and related discussion

Interview Preparation Tips

Topics to prepare for Infosys SAP Fico Consultant interview:
  • Accounting
  • Finance
  • ms excel
Interview preparation tips for other job seekers - Be confident. Prepare at your best. Brush up basic concepts.

Interview Questionnaire 

1 Question

  • Q1. Project related

Interview Preparation Tips

Interview preparation tips for other job seekers - What you mentioned in Resume was mainly focused.

I applied via Company Website and was interviewed in Jan 2022. There was 1 interview round.

Round 1 - Technical 

(3 Questions)

  • Q1. Explain about accounts payable
  • Ans. 

    Accounts payable is a financial term that refers to the money owed by a company to its suppliers or vendors for goods or services received.

    • Accounts payable is a liability on the balance sheet.

    • It represents the amount owed by a company to its creditors.

    • It includes invoices, bills, and other payment obligations.

    • Accounts payable is recorded when goods or services are received but payment has not yet been made.

    • It is an imp...

  • Answered by AI
  • Q2. What is SAP FICO explain it
  • Ans. 

    SAP FICO is a module in SAP ERP that deals with financial accounting and controlling.

    • SAP FICO stands for Financial Accounting and Controlling.

    • It helps in managing financial transactions, generating financial statements, and analyzing financial data.

    • It includes sub-modules like General Ledger Accounting, Accounts Payable, Accounts Receivable, Asset Accounting, and Controlling.

    • It integrates with other SAP modules like Sa...

  • Answered by AI
  • Q3. What is accounts receivable
  • Ans. 

    Accounts receivable refers to the money owed to a company by its customers for goods or services provided on credit.

    • It is a current asset on the balance sheet.

    • Accounts receivable represents the credit sales made by a company.

    • It is recorded when a company invoices its customers for the goods or services provided.

    • The amount owed by customers is typically collected within a specified period, known as the credit terms.

    • If a...

  • Answered by AI

Interview Preparation Tips

Topics to prepare for Capgemini SAP Fico Consultant interview:
  • Accounts Payable
  • Accounts Receivable
  • Tally ERP9
Interview preparation tips for other job seekers - Please give me one chance i will prove my self

Skills evaluated in this interview

Genpact Interview FAQs

How many rounds are there in Genpact SAP Fico Consultant interview?
Genpact interview process usually has 2 rounds. The most common rounds in the Genpact interview process are Resume Shortlist, One-on-one Round and Telephonic Call.
How to prepare for Genpact SAP Fico Consultant interview?
Go through your CV in detail and study all the technologies mentioned in your CV. Prepare at least two technologies or languages in depth if you are appearing for a technical interview at Genpact. The most common topics and skills that interviewers at Genpact expect are SAP FICO, FICO, Hana, SAP FI and Product Costing.
What are the top questions asked in Genpact SAP Fico Consultant interview?

Some of the top questions asked at the Genpact SAP Fico Consultant interview -

  1. What is posting key and how to deater mined the posting ...read more
  2. What is cash journal and how many steps of cash jour...read more
  3. What are the type of tolerance group in ...read more

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Genpact SAP Fico Consultant Interview Process

based on 3 interviews

Interview experience

3.3
  
Average
View more
Genpact SAP Fico Consultant Salary
based on 396 salaries
₹3.3 L/yr - ₹12.1 L/yr
5% less than the average SAP Fico Consultant Salary in India
View more details

Genpact SAP Fico Consultant Reviews and Ratings

based on 23 reviews

4.4/5

Rating in categories

4.0

Skill development

4.3

Work-life balance

3.5

Salary

4.4

Job security

4.4

Company culture

3.7

Promotions

4.2

Work satisfaction

Explore 23 Reviews and Ratings
Sap Fico Consultant

Kolkata,

Hyderabad / Secunderabad

+1

10-20 Yrs

₹ 20-30 LPA

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