Infosys Consulting SAP Fico Consultant Interview Questions, Process, and Tips

Technical questions asked on SAP functional

Q1. 1. What is the Experience and salary expectation? 2. Notice period ?
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Trains, boat and strem, time and work, percentage, trignometry, geomentry etc.

Q1. Tell me about bank determination
Ans. 
Bank determination is the process of determining the appropriate bank account for a specific business transaction.
• Bank determination is a key functionality in SAP FICO module.

• It involves mapping various business transactions to specific bank accounts.

• Bank determination is based on various factors such as company code, payment method, country, and currency.

• Multiple bank accounts can be assigned to a single payment metho...read more
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Q2. Tell me about transaction keys in assest accounting
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Transaction keys are used to identify different types of transactions in asset accounting.
• Transaction keys are used to record different types of transactions such as acquisition, retirement, transfer, and revaluation of assets.

• Each transaction key has a unique four-digit code that is used to identify the transaction type.

• Transaction keys are used to determine the general ledger accounts that are affected by the transac...read more
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Q1. What you learned in you skill set?
Ans. 
I have learned various skills in SAP Fico including configuration, customization, and integration with other modules.
• Configuration of SAP Fico modules

• Customization of reports and forms

• Integration with other SAP modules like MM and SD

• Understanding of financial processes and accounting principles
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Q2. What was the experience in respective Domain
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Q1. What is your salary expectation?
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Q2. Are you willing to relocate to any location?
Ans. 
Yes, I am open to relocating to any location for the right opportunity.
• I am open to exploring new opportunities in different locations

• I am willing to relocate for career growth and development

• I understand the importance of flexibility in consulting roles
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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
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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
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Q1. Explain about accounts payable
Ans. 
Accounts payable is a financial term that refers to the money owed by a company to its suppliers or vendors for goods or services received.
• Accounts payable is a liability on the balance sheet.

• It represents the amount owed by a company to its creditors.

• It includes invoices, bills, and other payment obligations.

• Accounts payable is recorded when goods or services are received but payment has not yet been made.

• It is an imp...read more
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Q2. What is SAP FICO explain it
Ans. 
SAP FICO is a module in SAP ERP that deals with financial accounting and controlling.
• SAP FICO stands for Financial Accounting and Controlling.

• It helps in managing financial transactions, generating financial statements, and analyzing financial data.

• It includes sub-modules like General Ledger Accounting, Accounts Payable, Accounts Receivable, Asset Accounting, and Controlling.

• It integrates with other SAP modules like Sa...read more
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Q3. What is accounts receivable
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Accounts receivable refers to the money owed to a company by its customers for goods or services provided on credit.
• It is a current asset on the balance sheet.

• Accounts receivable represents the credit sales made by a company.

• It is recorded when a company invoices its customers for the goods or services provided.

• The amount owed by customers is typically collected within a specified period, known as the credit terms.

• If a...read more
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