IBM Functional Consultant Interview Questions and Answers

Q1. P2p , special stocks
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Q2. Pricing procedure and explanation
Ans. 
Pricing procedure is a set of instructions that determine the price of a product or service based on various factors.
• Pricing procedure is used in SAP to determine the price of a product or service.

• It is based on various factors such as customer, product, quantity, discounts, taxes, etc.

• It consists of condition types, access sequences, and calculation schema.

• Example: A pricing procedure for a product may include conditi...read more
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Q1. Sap configuration
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Q1. Explain Procure-to-Pay process cycle.
Ans. 
Procure-to-Pay process cycle involves requisitioning, purchasing, receiving, invoicing, and payment.
• Requisitioning: Identifying the need for goods or services and creating a purchase requisition.

• Purchasing: Selecting a supplier, creating a purchase order, and sending it to the supplier.

• Receiving: Receiving the goods or services and confirming receipt.

• Invoicing: Supplier sends an invoice for the goods or services provid...read more
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Q2. What are the differences between oracle EBS and Oracle Fusion
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Oracle EBS is an on-premise ERP system, while Oracle Fusion is a cloud-based ERP system.
• Oracle EBS is an on-premise system, while Oracle Fusion is a cloud-based system

• Oracle EBS has a monolithic architecture, while Oracle Fusion has a modular architecture

• Oracle EBS requires more maintenance and upgrades compared to Oracle Fusion

• Oracle EBS has a more traditional user interface, while Oracle Fusion has a more modern and
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Q3. What are the types of purchase orders
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Types of purchase orders include standard, blanket, contract, planned, and internal orders.
• Standard Purchase Order: Used for one-time purchases of goods or services.

• Blanket Purchase Order: Used for multiple purchases of the same items over a period of time.

• Contract Purchase Order: Used for long-term agreements with suppliers.

• Planned Purchase Order: Used for recurring purchases based on predefined criteria.

• Internal Purc...read more
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Q1. Tell me about yourself
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Experienced Functional Consultant with a background in business analysis and process improvement.
• Over 5 years of experience in implementing ERP systems and optimizing business processes

• Skilled in conducting requirements gathering, gap analysis, and user training

• Strong communication and problem-solving skills

• Certified in relevant software applications such as SAP or Oracle
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Q2. Your Challenges
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Q1. Domain Knowledge will be checked
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Q2. Project details will be asked
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Total work expericne will be asked

Q1. Paybels module questions
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Q1. Based on the resume.
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Q1. Overall experience & achievement.
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Q1. Assignment in past
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Q2. Communication skills
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Aptitude test questions

Q1. Face to face interview
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Q1. What is difference between Chart of accounts and main accounts
Ans. 
Chart of accounts is a list of all the accounts used by an organization, while main accounts are the individual accounts within the chart of accounts.
• Chart of accounts is a structured list of all the general ledger accounts used by an organization.

• Main accounts are the individual accounts within the chart of accounts, representing specific financial transactions.

• Chart of accounts provides a framework for organizing fin...read more
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Q2. What is Number sequences and where do you create them?
Ans. 
Number sequences are unique identifiers used to generate and assign numbers to records in Dynamics 365 Finance and Operations.
• Number sequences are created in the Number sequences form in the System administration module.

• They are used to automatically generate unique identifiers for various records such as customers, vendors, and transactions.

• Number sequences can be customized to include prefixes, suffixes, and specific...read more
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Q1. What is sales tax group
Ans. 
A sales tax group is a grouping of tax codes that are applied to a specific set of products or services.
• Sales tax groups help streamline the tax calculation process for specific items

• They allow for easier management of tax rates for different products or services

• For example, a company may have different tax rates for clothing, electronics, and food items
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Q2. What is item sales tax group how do u set up item sales group in tax module?
Ans. 
Item sales tax group is a grouping of items that have the same tax treatment. It is set up in the tax module to apply specific tax rates to items.
• Item sales tax group is used to apply specific tax rates to items that belong to the same group.

• It helps in managing tax calculations for different items efficiently.

• To set up item sales tax group, go to the tax module in the ERP system and create a new tax group.

• Assign the r...read more
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Q3. What is the major issue have u done recently?
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