NTT Data SAP Fico Consultant Interview Questions and Answers

What is aptitude text? How much rounds?

Q1. Is very simple in this round.
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Q2. Best experience in this round.
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Q1. What are account type s on fico?
Ans. 
Account types in FICO include asset accounts, liability accounts, equity accounts, revenue accounts, and expense accounts.
• Asset accounts represent resources owned by the company, such as cash, inventory, and equipment.

• Liability accounts represent obligations owed by the company, such as loans and accounts payable.

• Equity accounts represent the owner's stake in the company.

• Revenue accounts track income generated by the c...read more
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Q1. Explain p2p process?
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P2P process stands for Procure to Pay process, which involves all steps from requisitioning goods/services to making payment.
• Requisitioning: Requesting goods/services needed by the organization.

• Vendor selection: Choosing a vendor to fulfill the requisition.

• Purchase order creation: Formalizing the agreement with the vendor.

• Goods receipt: Receiving the goods/services from the vendor.

• Invoice verification: Checking the inv...read more
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Q1. FI MM Integration
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Q2. House Banks configuration
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House Banks configuration involves setting up bank accounts in SAP for electronic payments and receipts.
• House Banks are created in SAP using transaction code FI12

• Bank accounts are linked to House Banks for payment transactions

• House Banks can be assigned to company codes for specific use cases
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Q3. Asset Accounting
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Q4. Intermediate Document
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Q1. Difference between ECC & S4Hana
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ECC is the older version of SAP's ERP system, while S4Hana is the newer, more advanced version with improved features and capabilities.
• ECC is based on traditional row-based database technology, while S4Hana utilizes in-memory computing for faster processing.

• S4Hana offers real-time analytics and predictive capabilities, while ECC does not.

• S4Hana has a simplified data model and user interface compared to ECC.

• S4Hana is de...read more
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Q2. House bank Creation
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Q1. Regarding Package
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Q1. Finance related
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Q1. Sap fico related
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Agriculture any product related

Q1. What do you about know sap fico
Ans. 
SAP FICO is a module in SAP ERP that deals with financial accounting and controlling.
• SAP FICO is an acronym for SAP Financial Accounting and Controlling.

• It is a module in SAP ERP that integrates financial accounting and controlling processes.

• It helps organizations manage their financial transactions, financial reporting, and cost controlling.

• SAP FICO includes sub-modules like General Ledger Accounting, Accounts Payable...read more
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Q2. What is posting period varint
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Posting period variant is a configuration setting that controls the posting periods for financial transactions.
• Posting period variant determines the open and closed periods for posting financial transactions.

• It is assigned to a company code and controls the posting periods for all financial modules.

• It can be customized to meet the specific needs of the organization, such as defining special periods for year-end closing...read more
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Q3. What asset class and who made asset class
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Asset class is a categorization of assets based on their characteristics. It is made by the company's management.
• Asset class is used to group similar assets together for reporting purposes

• It helps in tracking and managing assets efficiently

• Examples of asset classes include buildings, machinery, vehicles, and furniture

• Asset classes are created by the company's management based on their business needs
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Q4. What are the type of tolerance group in sap
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There are three types of tolerance groups in SAP: payment, invoice, and purchasing.
• Payment tolerance group controls the maximum amount of difference between the invoice and payment.

• Invoice tolerance group controls the maximum amount of difference between the invoice and purchase order.

• Purchasing tolerance group controls the maximum amount of difference between the purchase order and goods receipt.

• Each tolerance group i...read more
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Q5. What is posting key and how to deater mined the posting key
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Posting key is a two-digit numerical code used in SAP FICO to determine the type of transaction and the general ledger account to be posted.
• Posting key is used to control the entry of accounting documents in SAP FICO.

• It determines the type of transaction, such as debit or credit, and the general ledger account to be posted.

• Posting keys are predefined in SAP and can be customized as per business requirements.

• The posting...read more
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Q6. What is cash journal and how many steps of cash journal
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Cash journal is a special journal used to record all cash transactions in a company.
• Cash journal is used to record all cash transactions in a company

• It is a special journal that is used to manage cash transactions

• Cash journal is used to record all incoming and outgoing cash transactions

• There are 3 steps in cash journal: creating a cash journal, posting transactions, and closing the cash journal
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Q7. What is documents types
Ans. 
Document types are categories of documents used in SAP to classify and organize business transactions.
• Document types are assigned to each transaction in SAP to identify the type of transaction and its purpose.

• Examples of document types include vendor invoices, customer invoices, purchase orders, and payment requests.

• Document types are used to control the posting of accounting entries and to determine the document numbe...read more
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Q1. What is account payable
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Account payable is the amount owed by a company to its suppliers or vendors for goods or services received but not yet paid for.
• It is a liability account in the balance sheet

• It represents the amount owed to suppliers or vendors

• It includes invoices received but not yet paid

• It is an important component of working capital management

• Example: A company receives a bill for $10,000 from a supplier for raw materials purchased....read more
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Q2. What is account receivable
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Account receivable is the amount of money owed to a company by its customers for goods or services sold on credit.
• It is a current asset on the balance sheet

• It represents the amount of money that a company expects to receive from its customers

• It is recorded as a debit entry in the company's books

• Examples include outstanding invoices, credit notes, and bad debts
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Q3. What are the type of chart of accounts
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There are three types of chart of accounts: Operating chart of accounts, Group chart of accounts, and Country-specific chart of accounts.
• Operating chart of accounts is used for daily accounting activities and is assigned to a company code.

• Group chart of accounts is used for consolidating financial statements of multiple company codes.

• Country-specific chart of accounts is used to meet legal and reporting requirements sp...read more
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Q4. How to configuration AAP
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AAP configuration involves setting up the Asset Accounting module in SAP FICO.
• Define chart of depreciation

• Create asset classes

• Specify depreciation areas

• Assign asset classes to depreciation areas

• Define screen layout rules

• Configure number ranges for asset master records

• Set up depreciation keys

• Define tax depreciation areas

• Configure integration with other modules
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Q5. What are the level of configured down payment
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There are three levels of configured down payment: partial, final, and intermediate.
• Partial down payment is made before the delivery of goods or services.

• Final down payment is made after the delivery of goods or services.

• Intermediate down payment is made during the delivery of goods or services.

• Each level can have different percentages and due dates.

• Down payment configuration can vary based on company policies and cust
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Q6. What are the process of desperation calculated
Ans. 
Desperation is not a process that can be calculated. Did you mean depreciation?
• Desperation cannot be calculated as it is an emotion.

• Depreciation is the process of allocating the cost of an asset over its useful life.

• Depreciation can be calculated using various methods such as straight-line, declining balance, and sum-of-the-years' digits.

• Depreciation is important for financial reporting and tax purposes.

• For example, a ...read more
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Q7. What is product costing
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Product costing is the process of determining the cost of producing a product or service.
• It involves identifying all the costs associated with producing a product or service, including direct and indirect costs.

• Direct costs include materials, labor, and other expenses directly related to production.

• Indirect costs include overhead expenses such as rent, utilities, and administrative costs.

• Product costing is important fo...read more
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Q1. Account Payable in SAP-FICO
Ans. 
Account Payable is a sub-ledger account in SAP-FICO used to track and manage payments to vendors.
• AP is used to record and manage all vendor invoices and payments

• It helps in maintaining accurate records of outstanding payments and due dates

• AP can be integrated with other modules like MM and SD for seamless transactions

• It allows for automatic payment processing and vendor statement reconciliation

• Reports can be generated ...read more
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Q2. Accounts Receivable in SAP-FICO
Ans. 
Accounts Receivable is a subledger that records all incoming payments from customers.
• AR is used to manage customer invoices and payments

• It tracks outstanding customer balances and generates aging reports

• AR can be integrated with sales and distribution modules for seamless processing

• It allows for credit management and dunning processes to ensure timely payments

• AR can also be used for cash application and bank reconcilia
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About SAP-FICO in Accounts Payable with Taxes and GST, Accounts Receivable with down payment, General Ledger Accounting, Calculation of Deprecation in Asset Accounting, Sale of Asset etc

Q1. Can you please elaborate about the difficulties you have face during the Asset accounting and the GL?
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Q2. What was your role in the integration of FI with SD and MM module
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