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I applied via Naukri.com and was interviewed in Dec 2024. There was 1 interview round.
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posted on 2 Oct 2022
I was interviewed before Oct 2021.
I applied via Naukri.com and was interviewed in Jan 2023. There were 3 interview rounds.
Material master data is a central repository that stores all information about materials used in a company's production process.
Contains information like material description, unit of measure, price, vendor details, etc.
Helps in managing inventory, procurement, production planning, and other related processes.
Used in SAP MM module to track and control materials within the organization.
Vendor master data is information about vendors stored in the system for procurement purposes.
Contains details such as vendor name, address, contact information, payment terms, etc.
Used in procurement processes to facilitate communication and transactions with vendors.
Helps in maintaining accurate records of vendor interactions and transactions.
Can include information on vendor performance, certifications, and complian...
I applied via Naukri.com and was interviewed in Oct 2020. There was 1 interview round.
I applied via LinkedIn and was interviewed in Mar 2024. There was 1 interview round.
I applied via Campus Placement and was interviewed in Mar 2024. There were 3 interview rounds.
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SAP FICO is a module in SAP ERP that deals with financial accounting and controlling.
SAP FICO stands for Financial Accounting (FI) and Controlling (CO)
FI module deals with financial transactions, general ledger accounting, accounts payable and receivable, asset accounting, etc.
CO module deals with cost center accounting, profit center accounting, internal orders, product costing, etc.
SAP FICO integrates with other SAP ...
Chart of depreciation is a list of depreciation areas and methods used to calculate depreciation for assets.
It is a list of depreciation areas and methods
It is used to calculate depreciation for assets
It is specific to a company code
It can be customized to meet specific business needs
Financial accounting is integrated with other modules such as Controlling (CO), Materials Management (MM), Sales and Distribution (SD), and more.
Controlling (CO) module is closely integrated with financial accounting to provide cost accounting and management accounting functionalities.
Materials Management (MM) module is integrated with financial accounting to track and manage procurement and inventory costs.
Sales and D...
A chart of accounts is a list of all the accounts used by an organization to record financial transactions.
It is a structured list of all the accounts used by an organization
It helps in organizing financial transactions
It is used to prepare financial statements
It can be customized to meet the specific needs of an organization
It typically includes balance sheet and income statement accounts
Example: Assets, Liabilities,
The number of currencies that can be configured for a company code depends on the SAP system settings and requirements.
The number of currencies can vary based on the SAP system version and configuration.
Typically, a company code can have a local currency and additional currencies for reporting or transaction purposes.
The additional currencies can be used for consolidation, group reporting, or for handling foreign curre...
Accounting principles are the guidelines and rules that companies follow to prepare financial statements.
Accounting principles include GAAP, IFRS, and SOX
GAAP stands for Generally Accepted Accounting Principles and is used in the US
IFRS stands for International Financial Reporting Standards and is used in many countries around the world
SOX stands for Sarbanes-Oxley Act and is a US law that regulates financial reporting
...
Master data is the core data that is used as a base for transactional data in an organization.
Master data is static data that is not frequently changed.
It is used as a reference data for transactional data.
Examples of master data include customer data, vendor data, material data, etc.
Master data is maintained centrally and is shared across different departments in an organization.
It is critical for accurate reporting a
The t code for park document in SAP FICO is FBV0.
FBV0 is used to park accounting documents in SAP FICO.
Parked documents are temporary and can be edited before posting.
This t code allows users to save incomplete or unbalanced documents for later processing.
Once parked, the document can be reviewed, modified, or deleted before posting.
End users use SAP FICO to perform daily business transactions, while consultants configure and customize the system to meet business requirements.
End users perform daily business transactions such as creating purchase orders, processing invoices, and generating financial reports using SAP FICO.
Consultants configure and customize the system to meet business requirements by setting up master data, defining business proce...
Distribution cycle is used to allocate primary costs to cost centers while assessment cycle is used to allocate secondary costs.
Distribution cycle is used to allocate primary costs to cost centers based on the cost element category.
Assessment cycle is used to allocate secondary costs from one cost center to another based on the sender and receiver cost centers.
Distribution cycle is executed before the assessment cycle.
...
Dunning is the process of communicating with customers who have overdue payments.
Dunning is a process of sending reminders to customers who have not paid their invoices on time.
It involves sending letters, emails, or making phone calls to remind customers of their overdue payments.
Dunning levels are set up to determine the frequency and severity of reminders based on the number of days past due.
SAP FICO has a dunning p...
Open item management is a method of managing accounts where individual transactions are tracked until they are cleared.
Open items are transactions that are not yet settled or paid in full
Each open item is tracked until it is matched with a corresponding transaction
This method is commonly used in accounting to ensure accurate financial reporting
Examples include unpaid invoices, outstanding checks, and unapplied payments
P2P cycle involves procurement of goods/services while O2C cycle involves sales of goods/services.
P2P cycle: Purchase requisition -> Purchase order -> Goods receipt -> Invoice verification -> Payment
O2C cycle: Sales order -> Delivery -> Invoice -> Payment
P2P cycle entries: DR Inventory/Creditor, CR GR/IR, CR Vendor, DR Vendor/Cash/Bank
O2C cycle entries: DR Customer, CR Sales, DR AR, CR Cash/Bank
Organizational elements in SAP are the basic building blocks of an organization's structure.
Organizational elements include company code, plant, sales organization, distribution channel, and storage location.
They are used to define the structure of an organization and to assign various business transactions to specific areas.
Each organizational element has its own set of attributes and characteristics that determine it...
The company represents the legal entity, while the company code represents the operational unit within the company.
A company is the highest level of organizational structure in SAP, representing a legal entity.
A company code is a sub-division of a company and represents an operational unit within the company.
A company can have multiple company codes, each with its own set of books and financial statements.
Company codes...
Foreign currency valuation is the process of adjusting the value of foreign currency transactions to reflect the current exchange rate.
It is done to ensure accurate financial reporting
It involves revaluing foreign currency assets and liabilities
It can result in gains or losses depending on the exchange rate fluctuations
It is usually done at the end of each accounting period
SAP FICO has a foreign currency valuation func
SAP S/4HANA is an intelligent, integrated ERP system that runs on an in-memory database, providing real-time insights and simplifying business processes.
SAP S/4HANA is the next-generation business suite from SAP.
It is built on the SAP HANA in-memory platform, allowing for real-time data processing and analytics.
SAP S/4HANA offers a simplified data model, eliminating the need for traditional batch processing and data re...
posted on 12 Sep 2023
I applied via Recruitment Consulltant and was interviewed in Aug 2023. There were 3 interview rounds.
posted on 13 Apr 2022
I applied via Approached by Company and was interviewed in Mar 2022. There were 4 interview rounds.
Sap fico module
Sap fico configuration
Sap fico T- codes
posted on 2 Oct 2022
I was interviewed before Oct 2021.
based on 1 interview
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