Olam Agro India SAP Fico Consultant Interview Questions and Answers

The 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 provides a framework for organizing financial transactions

• It helps in the preparation of financial statements

• It is unique to each organization and can be customized to meet their specific needs

P2P cycle in SAP refers to the Procure-to-Pay cycle which involves the process of procuring goods and services and paying for them.

• The cycle starts with the creation of a purchase requisition

• The purchase requisition is then converted into a purchase order

• Goods or services are received and verified against the purchase order

• Invoice is received and matched against the purchase order and goods receipt

• Payment is made to th...read more

I have 5 years of experience as an SAP Fico Consultant, specializing in financial accounting and controlling.

• Implemented SAP Fico modules for multiple clients, improving financial processes and reporting

• Provided training and support to end users on SAP Fico functionalities

• Worked on integration projects with other SAP modules like MM and SD

• Led a team of consultants in successful SAP Fico implementations

• Developed custom ...read more

LSMW is a tool used to migrate data into SAP, account modifier is used to modify GL account numbers.

• LSMW (Legacy System Migration Workbench) is a tool in SAP used to migrate data from legacy systems into SAP.

• Steps in LSMW include creating a project, defining object attributes, mapping fields, converting data, and importing data.

• Account modifier is used in SAP FICO to modify GL account numbers by adding a prefix or suff...read more