JSW MI Steel Service Centre Finance Manager Interview Questions and Answers

SAP FICO transaction codes, stock valuation methods, tax codes, financial analysis techniques, and TDS codes.

• B/S-F.01 is a transaction code for balance sheet preparation

• FBL1N is a transaction code for vendor ledger

• MIGO is a transaction code for purchase entry

• MIRO is a transaction code for invoice verification

• Stock valuation methods include FIFO, LIFO, and weighted average

• AS-22 is a tax code for deferred tax

• Cash flow an...read more

Maintaining GRIR & SRIR involves regular monitoring, reconciling accounts, and addressing discrepancies promptly.

• Regularly monitor GRIR & SRIR accounts to identify discrepancies

• Reconcile accounts on a regular basis to ensure accuracy

• Address any discrepancies promptly to prevent further issues

• Ensure proper documentation and communication with relevant stakeholders

• Implement internal controls to prevent future discrepanci

Processing miro and payment involves verifying invoices, recording transactions, and issuing payments.

• Verify the accuracy of the invoice details

• Record the transaction in the accounting system

• Obtain necessary approvals for payment

• Issue payment through the chosen payment method

• Maintain proper documentation for audit purposes

Capitalized assets are long-term assets that are recorded on a company's balance sheet and are depreciated over time.

• Capitalized assets are recorded as an asset on the balance sheet and are depreciated over their useful life.

• These assets are expected to provide benefits to the company for more than one year.

• Examples of capitalized assets include buildings, equipment, and vehicles.

• Capitalizing an asset allows a company ...read more