Infosys SAP FI Consultant Interview Questions, Process, and Tips

Document splitting in SAP FI allows for detailed financial reporting by segmenting financial documents based on defined criteria.

• 1. Basic Document Splitting: Splits documents based on account assignment objects like cost centers or profit centers.

• 2. Segment Reporting: Allows for financial reporting by segments, ensuring compliance with IFRS and other regulations.

• 3. Profit Center Splitting: Ensures that transactions are...read more

KOFI and KOFA are key figures in SAP FI-SD integration, representing different financial data aspects.

• KOFI (Key Figure for Invoice) is used to track invoice-related data in FI.

• KOFA (Key Figure for Actuals) focuses on actual financial postings and their impact.

• KOFI is primarily concerned with sales invoices, while KOFA deals with overall financial performance.

• For example, KOFI would show the total amount invoiced to cus...read more

FI-MM Integration connects Financial Accounting with Materials Management in SAP for seamless financial and inventory management.

• Integration ensures that all inventory movements are reflected in financial accounts.

• For example, when goods are received, the system automatically updates the inventory and accounts payable.

• It allows for real-time tracking of costs associated with materials, enhancing financial reporting acc...read more

Configuration of assets in SAP involves setting up asset classes, master data, and depreciation methods for effective asset management.

• Define Asset Classes: Group similar assets (e.g., machinery, vehicles) for streamlined management.

• Create Asset Master Data: Input details like asset number, description, location, and acquisition date.

• Set Up Depreciation Areas: Configure different depreciation methods (e.g., straight-li...read more

SAP is an enterprise resource planning software while S4 HANA is the latest version of SAP with in-memory database technology.

• SAP is an ERP software used for managing business operations and customer relations.

• S4 HANA is the next-generation business suite built on the SAP HANA in-memory database platform.

• SAP offers various modules like FI, CO, MM, etc. while S4 HANA provides real-time analytics and processing capabilit...read more

Accounts payable is a sub-ledger in SAP FI that records all invoices and payments to vendors.

• Configuration steps include defining vendor master data, setting up tolerance groups, defining document types for vendor invoices, and assigning number ranges for vendor invoices.

• Process involves receiving invoices from vendors, verifying the accuracy of the invoices, posting the invoices in the system, and making payments to v...read more

Accounts receivable is the money owed to a company by its customers for goods or services delivered.

• Configuration steps include defining customer account groups, assigning number ranges, setting up tolerance groups, and defining dunning procedures.

• Accounts receivable transactions are posted using transaction code F-28.

• Accounts receivable reports can be generated using transaction code FBL5N.