Gibraltar Technologies SAP Fico Consultant Interview Questions and Answers

Q1. What is difference between actual costing and standard costing
Ans. 
Actual costing is based on the actual costs incurred, while standard costing uses predetermined costs for materials, labor, and overhead.
• Actual costing uses actual costs incurred for materials, labor, and overhead, providing a more accurate reflection of costs.

• Standard costing uses predetermined costs for materials, labor, and overhead, allowing for easier budgeting and cost control.

• Actual costing is more time-consumin...read more
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Q2. Why material Ledger mandatory in s/4hana?
Ans. 
Material Ledger is mandatory in S/4HANA for accurate valuation of inventory and cost of goods sold.
• Material Ledger provides real-time, multi-dimensional valuation of inventory

• It allows for parallel valuation in different currencies and valuation views

• Enables accurate calculation of actual costs for materials using actual costing method

• Supports transfer pricing and profit center valuation
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Q1. Salary Negotiation
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Introduction basic of computer knowledge.

Q1. Experience question sap base question and Prigarming
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Q2. I'm using sap base marketing department
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Q3. Contract creation, sale order creation
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Q4. Using lsp lpp project creation
Ans. 
lsp lpp project creation is a command used in SAP Basis to create a new project
• lsp lpp is a command used in SAP Basis to manage projects

• It is used to create a new project in SAP system

• The project creation process involves defining project parameters and settings
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Q5. Bq and bid creation
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Q1. 1. Where are you from? 2. Why you are interested in this job?
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Q1. Thirty minutes technical interview
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Q2. 1. Introduce yourself 2. Project support experience
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Q1. Expalin PTP process
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Q2. Explain APP configuration and Payment run
Ans. 
APP configuration is the setup of Automatic Payment Program in SAP FICO to process vendor payments.
• APP configuration involves defining payment methods, bank determination, payment terms, and tolerances.

• Payment run is the process of executing the APP to generate payment proposals and payment orders.

• During payment run, the system selects open items based on defined criteria and creates payment documents.

• Payment run can b...read more
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Q1. What is difference between actual costing and standard costing
Ans. 
Actual costing is based on the actual costs incurred, while standard costing uses predetermined costs for materials, labor, and overhead.
• Actual costing uses actual costs incurred for materials, labor, and overhead, providing a more accurate reflection of costs.

• Standard costing uses predetermined costs for materials, labor, and overhead, allowing for easier budgeting and cost control.

• Actual costing is more time-consumin...read more
Answered by AI
Add your answer
Q2. Why material Ledger mandatory in s/4hana?
Ans. 
Material Ledger is mandatory in S/4HANA for accurate valuation of inventory and cost of goods sold.
• Material Ledger provides real-time, multi-dimensional valuation of inventory

• It allows for parallel valuation in different currencies and valuation views

• Enables accurate calculation of actual costs for materials using actual costing method

• Supports transfer pricing and profit center valuation
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Q1. Salary Negotiation
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It includes genral maths, reasoning, english and communication test at shl platform.

Simple array and string question.

Q1. Write code of palindrome.
Ans. 
Palindrome code checks if a string reads the same forwards and backwards.
• Create a function that takes a string as input

• Remove all non-alphanumeric characters and convert to lowercase

• Compare the string with its reverse to check if it's a palindrome
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Q2. Sql joins and puzzle questions.
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Q3. Basic question on c.
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Q1. What do you know about our company.
Ans. 
SAP is a multinational software corporation that makes enterprise software to manage business operations and customer relations.
• SAP is a German company founded in 1972.

• They specialize in enterprise software solutions for various industries.

• Their products include SAP ERP, SAP HANA, SAP CRM, and more.

• SAP is known for its cloud-based solutions and digital transformation services.
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Q2. Are you ready for relocate
Ans. 
Yes, I am open to relocating for the right opportunity.
• I am willing to relocate for the right job opportunity

• I have experience moving for previous roles

• I am flexible and adaptable to new environments
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