Dr Ramdev Hospital Interview Questions and Answers

Posting key in SAP is a two-digit code used to determine the type of transaction being posted.

• Posting key determines the type of account being debited or credited in a transaction.

• It is used to control the entry of financial transactions in SAP.

• Each posting key has a predefined meaning and determines the account type, such as vendor, customer, or general ledger.

• Posting keys are used in various SAP modules like FI (Financial Accounting) and CO (Controlling).

I like the flexibility and efficiency of SAP FICO in managing financial processes.

• Efficiently manages financial accounting and reporting

• Provides real-time financial data for decision-making

• Offers flexibility in customization to meet specific business needs

Document Type in SAP refers to the classification of documents based on their purpose and usage.

• Document Type is a two-character identifier used to differentiate between various types of documents in SAP.

• It is used to classify documents based on their purpose and usage, such as invoice, purchase order, delivery note, etc.

• Document Type is an important parameter in SAP as it determines the document flow and processing.

• For example, a purchase order document type can only be foll...read more

STO setup involves configuring settings for both intra and intercompany stock transfers.

• Define shipping data for plants involved in STO

• Maintain pricing conditions for STO

• Configure delivery scheduling agreements for STO

• Set up automatic account determination for STO

• Ensure proper authorization and release strategies are in place for STO

P2P process involves the entire procurement cycle from requisition to payment.

• Requisition creation by end user

• Purchase order creation based on requisition

• Goods receipt and invoice verification

• Payment processing

• Vendor evaluation and performance monitoring