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IBM SAP Fico Consultant Interview Questions, Process, and Tips
Top IBM SAP Fico Consultant Interview Questions and Answers
- Q1. Name any four situations where we have to create a Bank Reconciliation Statement.
- Q2. What will happen if I won't maintain account modifier?
- Q3. What is the use of condition record?
IBM SAP Fico Consultant Interview Experiences
9 interviews found
Anonymous
I applied via Walk-in and was interviewed in Aug 2021. There was 1 interview round.
Interview Questionnaire
3 Questions
- Q1. What is Kofi & Kofa ?
- Q2. What is the use of condition record?
- Ans.
Condition record is used to define pricing and discounts for customers and materials.
Condition record is used in SAP FICO module.
It is used to define pricing and discounts for customers and materials.
It helps in maintaining the consistency of pricing and discounts across the organization.
It can be used to define different pricing and discounts for different customers and materials.
Examples of condition records include ...
- Q3. What will happen if I won't maintain account modifier?
- Ans.
Not maintaining account modifier can lead to incorrect financial reporting and accounting errors.
Account modifier is used to differentiate between different types of transactions in financial reporting.
If not maintained, it can lead to incorrect financial statements and accounting errors.
For example, if a company has multiple revenue streams, not maintaining account modifier can lead to revenue from different streams b...
Interview Preparation Tips
Skills evaluated in this interview
Selected
I applied via Company Website and was interviewed in Feb 2024. There were 3 interview rounds.
(1 Question)
- Q1. Finance related
(1 Question)
- Q1. Sap fico related
Agriculture any product related
(2 Questions)
- 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
- Q2. Explain integration between fi mm and sd
- Ans.
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.
...
(1 Question)
- Q1. How many cod configured
- Ans.
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.
Skills evaluated in this interview
What people are saying about IBM
Selected
I was interviewed before Oct 2023.
(1 Question)
- Q1. General Intro and experience
(3 Questions)
- Q1. OTC and P2P cycles
- Q2. Leading and parallel ledger
- Q3. Depreciation prcisee with entry
(2 Questions)
- Q1. General questions
- 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
IBM interview questions for designations
Selected
I applied via Recruitment Consulltant and was interviewed before Dec 2023. There were 2 interview rounds.
(1 Question)
- Q1. Basic SAP Fico questions
(1 Question)
- Q1. Salary and joining date
Get interview-ready with Top IBM Interview Questions
I applied via Walk-in and was interviewed in Mar 2022. There were 2 interview rounds.
(2 Questions)
- Q1. How would experience in this job
- Q2. Details in your career
Interview Preparation Tips
- Financial Accounting
Selected
I applied via Recruitment Consulltant and was interviewed before Apr 2022. There were 2 interview rounds.
(4 Questions)
- Q1. FI Tables, Movement types, FI -SD , FI -MM , New GL, FBZP ,Interface, IDOC , DMEE Config all Questions are in details & depth
- Q2. Valuation Modifier, EBS , AUC Process
- Q3. FI-SD , FI-MM, New GL ,FBZP, Interface
- Q4. IDOC, DMEE , Confi
Interview Questionnaire
1 Question
- Q1. Name any four situations where we have to create a Bank Reconciliation Statement.
- Ans.
Four situations where we have to create a Bank Reconciliation Statement
When there is a discrepancy between the bank balance and the company's books
When there are outstanding checks or deposits in transit
When there are bank errors or fees that need to be reconciled
When there are adjustments for interest earned or bank charges
Interview Preparation Tips
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 questions from similar companies
Santhosh Mogatala
(2 Questions)
- Q1. What is accounts payable
- Ans.
Accounts payable is the amount of money a company owes to its suppliers or vendors for goods or services purchased on credit.
Accounts payable is a liability on the balance sheet
It represents the company's obligation to pay off short-term debts
It is typically recorded when an invoice is received from a supplier
Examples include bills for raw materials, utilities, or services
- Q2. What are the key configuration steps involved to create Automatic payment program
- Ans.
Key configuration steps for creating Automatic payment program in SAP Fico
Define payment methods in transaction code FBZP
Set up house banks in transaction code FI12
Configure payment methods per company code in transaction code FBZP
Define payment methods per country in transaction code OBVC4
Assign payment methods to vendors in transaction code XK02
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IBM SAP Fico Consultant Interview Process
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