OmniServe InfoSystems Ifs Functional Consultant Interview Questions and Answers for Experienced

Q1. What is difference between Chart of accounts and main accounts
Ans. 
Chart of accounts is a list of all the accounts used by an organization, while main accounts are the individual accounts within the chart of accounts.
• Chart of accounts is a structured list of all the general ledger accounts used by an organization.

• Main accounts are the individual accounts within the chart of accounts, representing specific financial transactions.

• Chart of accounts provides a framework for organizing fin...read more
Answered by AI
Add your answer
Q2. What is Number sequences and where do you create them?
Ans. 
Number sequences are unique identifiers used to generate and assign numbers to records in Dynamics 365 Finance and Operations.
• Number sequences are created in the Number sequences form in the System administration module.

• They are used to automatically generate unique identifiers for various records such as customers, vendors, and transactions.

• Number sequences can be customized to include prefixes, suffixes, and specific...read more
Answered by AI
Add your answer

Q1. What is sales tax group
Ans. 
A sales tax group is a grouping of tax codes that are applied to a specific set of products or services.
• Sales tax groups help streamline the tax calculation process for specific items

• They allow for easier management of tax rates for different products or services

• For example, a company may have different tax rates for clothing, electronics, and food items
Answered by AI
Add your answer
Q2. What is item sales tax group how do u set up item sales group in tax module?
Ans. 
Item sales tax group is a grouping of items that have the same tax treatment. It is set up in the tax module to apply specific tax rates to items.
• Item sales tax group is used to apply specific tax rates to items that belong to the same group.

• It helps in managing tax calculations for different items efficiently.

• To set up item sales tax group, go to the tax module in the ERP system and create a new tax group.

• Assign the r...read more
Answered by AI
Add your answer
Q3. What is the major issue have u done recently?
Add your answer

Q1. Describe your job role and O2c process in details
Add your answer
Q2. Can item having different ship set be of different inventory
Ans. 
Yes, items with different ship sets can be in different inventory
• Items with different ship sets can be stored in different locations or warehouses

• This allows for better organization and tracking of inventory

• For example, high-demand items can be stored in a warehouse closer to customers for faster shipping
Answered by AI
Add your answer

Q1. Asked about yellow belt project
Add your answer

Q1. Expected salary
Add your answer

It was good , technical plus personal questions were asked about pas experience

Q1. Consisted of questions based on previously worked projects
Add your answer

Q1. Manager round. Included technical plus normal questions
Add your answer

Q1. Paybels module questions
Add your answer

Q1. They're calling from out of India and asking about the functionalities which are new and somebody not worked on that
Add your answer
Q2. Required machines and not the human being.
Add your answer

Q1. Pricing procedure
Ans. 
Pricing procedure in SAP MM determines the conditions for pricing materials and services in procurement processes.
• Pricing procedure is a set of condition types that are used to determine the prices of materials and services in purchase orders.

• It is configured in customizing and assigned to a purchasing organization.

• The pricing procedure is determined based on the document type, vendor, and other factors in the purchase...read more
Answered by AI
Add your answer
Q2. Release strategy
Ans. 
Release strategy in SAP MM determines the approval process for purchasing documents.
• Release strategy is defined based on document type, value, and other criteria.

• It involves setting up release codes, release groups, and release indicators.

• Example: A purchase order above $10,000 may require approval from a manager with release code 'A'.
Answered by AI
Add your answer

Q1. Pricing determination
Add your answer
Q2. Output determination
Add your answer