IBM SAP Fico Consultant Interview Questions and Answers

Q1. Finance related
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Q1. Sap fico related
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Agriculture any product related

Q1. Explain p2p process
Ans. 
P2P process stands for Procure to Pay process, which involves all steps from requisition to payment for goods or services.
• Requisition: Request for goods or services

• Purchase Order: Formal order placed with supplier

• Goods Receipt: Receiving the goods or services

• Invoice Verification: Checking and approving supplier invoice

• Payment: Settling the invoice
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Q2. Explain integration between fi mm and sd
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Integration between FI, MM, and SD involves sharing data between financial accounting, materials management, and sales and distribution modules in SAP.
• FI module records financial transactions and generates financial reports.

• MM module manages procurement and inventory processes.

• SD module handles sales orders and customer invoices.

• Integration ensures seamless flow of data between modules for accurate financial reporting.

• ...read more
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Q1. How many cod configured
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The number of cod configured depends on the specific requirements of the project and can vary.
• Number of cod configured is determined by the specific needs of the project

• Cod configuration can range from a few to many depending on complexity

• Examples of cod configurations include GL accounts, cost centers, profit centers, etc.
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Q1. General Intro and experience
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Q1. OTC and P2P cycles
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Q2. Leading and parallel ledger
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Q3. Depreciation prcisee with entry
Ans. 
Depreciation in SAP FICO involves systematic allocation of asset costs over time, impacting financial statements.
• Depreciation is recorded to reflect the wear and tear of fixed assets.

• Common methods include straight-line, declining balance, and units of production.

• Example entry for straight-line depreciation: Debit Depreciation Expense, Credit Accumulated Depreciation.

• In SAP, transaction codes like AFAB (Depreciation Po...read more
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Q1. General questions
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Q2. Your expertise and experience
Ans. 
I have over 5 years of experience as an SAP Fico Consultant, specializing in financial accounting and controlling modules.
• Implemented SAP Fico solutions for multiple clients to streamline financial processes

• Provided training and support to end users on SAP Fico functionalities

• Performed system configuration and customization to meet client requirements

• Worked on integration with other SAP modules like MM and SD for end-t...read more
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Q1. Basic SAP Fico questions
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Q1. Salary and joining date
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