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GSC Alusystems SAP Fico Consultant Interview Questions and Answers
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Anonymous
I applied via Naukri.com and was interviewed in Oct 2020. There were 3 interview rounds.
Interview Questionnaire
3 Questions
- Q1. What is accounts receivable or payable?
- Ans.
Accounts receivable is the money owed to a company by its customers, while accounts payable is the money a company owes to its suppliers.
Accounts receivable refers to the outstanding invoices or money owed to a company by its customers for goods or services provided.
Accounts payable refers to the outstanding invoices or money that a company owes to its suppliers for goods or services received.
Accounts receivable is an ...
- Q2. What is Suspense A/C ?
- Ans.
Suspense A/C is a temporary account used to hold transactions until they can be properly classified.
Suspense A/C is also known as a clearing account or a transit account.
It is used when there is uncertainty or discrepancy in the classification of a transaction.
Transactions are initially recorded in the suspense account until they can be correctly allocated to the appropriate accounts.
Once the correct classification is ...
- Q3. Where do you transfer the profit you get in P&L a/c?
- Ans.
The profit in the P&L a/c is transferred to the retained earnings account.
Profit is transferred to the retained earnings account to reflect the accumulated profits of the company.
Retained earnings account is a part of the equity section on the balance sheet.
The transfer is done at the end of the accounting period.
Retained earnings can be used for reinvestment, dividends, or other purposes.
Example: If a company has a pr...
Interview Preparation Tips
I applied via Company Website and was interviewed before Aug 2021. There were 2 interview rounds.
(2 Questions)
- Q1. What is sap,what is fiscal year variant,document type ,chart of accounts, what is pto p cycle,App,, chusmer vendor,chart of depreciation,asset procurement,document splitting,FCV,
- Ans.
SAP is an ERP software used for managing business operations. Fiscal year variant determines the financial year of a company. Document type is used to classify accounting transactions. Chart of accounts is a list of all G/L accounts used by a company. PtoP cycle refers to the procurement process. Asset procurement is the process of acquiring assets for a company. Document splitting is used to split a document into mult...
- Q2. Validation,asap methodology
Interview Preparation Tips
I applied via Recruitment Consultant and was interviewed before Nov 2020. There were 3 interview rounds.
Interview Questionnaire
1 Question
- Q1. Mostly from your domain and previous experience
Interview Preparation Tips
I applied via Newspaper Ad and was interviewed before Sep 2021. There was 1 interview round.
(1 Question)
- Q1. Details Accounting Entries for GL
Interview Preparation Tips
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...
Skills evaluated in this interview
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
(1 Question)
- Q1. Based on your resume and your projects they will ask questions .
Interview Preparation Tips
I applied via Approached by Company and was interviewed in Mar 2024. There were 3 interview rounds.
(4 Questions)
- Q1. FI MM Integration
- Q2. House Banks configuration
- Ans.
House Banks configuration involves setting up bank accounts in SAP for electronic payments and receipts.
House Banks are created in SAP using transaction code FI12
Bank accounts are linked to House Banks for payment transactions
House Banks can be assigned to company codes for specific use cases
- Q3. Asset Accounting
- Q4. Intermediate Document
(2 Questions)
- Q1. Difference between ECC & S4Hana
- Ans.
ECC is the older version of SAP's ERP system, while S4Hana is the newer, more advanced version with improved features and capabilities.
ECC is based on traditional row-based database technology, while S4Hana utilizes in-memory computing for faster processing.
S4Hana offers real-time analytics and predictive capabilities, while ECC does not.
S4Hana has a simplified data model and user interface compared to ECC.
S4Hana is de...
- Q2. House bank Creation
(1 Question)
- Q1. Regarding Package
Skills evaluated in this interview
I applied via Naukri.com and was interviewed in Mar 2022. There was 1 interview round.
(1 Question)
- Q1. Introduce yourself, What is P2P cycle?
- Ans.
P2P cycle is the Procure-to-Pay cycle, which is the process of purchasing goods or services and making payments for them.
P2P cycle involves several steps such as requisitioning, sourcing, purchasing, receiving, and payment.
It starts with the creation of a purchase requisition, which is a request for goods or services.
The requisition is then approved and converted into a purchase order, which is a formal agreement to bu...
Interview Preparation Tips
I applied via Approached by Company and was interviewed in Mar 2024. There was 1 interview round.
(4 Questions)
- Q1. What is Idoc and DME?
- Ans.
IDoc is a data container used to exchange information between SAP systems, while DME stands for Data Medium Exchange used for generating payment files.
IDoc is a standard data structure used to exchange information between SAP systems or between SAP and external systems.
IDoc contains data in a structured format and is used for communication between different systems.
DME (Data Medium Exchange) is used in SAP to generate ...
- Q2. Tell me APP run
- Ans.
APP run refers to the Automatic Payment Program in SAP FICO, which is used to process outgoing payments in a batch.
APP run automates the process of making outgoing payments to vendors or customers.
It selects open invoices based on predefined selection criteria.
It generates payment proposals, schedules payments, and creates payment documents.
APP run can be customized to meet specific business requirements.
Example: Runni...
- Q3. Have you worked on withholding tax?
- Ans.
Yes, I have worked on withholding tax in SAP Fico.
Implemented withholding tax configurations in SAP Fico
Processed vendor invoices with withholding tax deductions
Generated withholding tax reports for tax authorities
Provided support for withholding tax related issues to end users
- Q4. FI-MM Integration?
Interview Preparation Tips
- Sap Fico modules
- SAP application
- FI-MM integration
Skills evaluated in this interview
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