PwC SAP Fico Consultant Interview Questions and Answers

Q1. What is difference between actual costing and standard costing
Ans. 
Actual costing is based on the actual costs incurred, while standard costing uses predetermined costs for materials, labor, and overhead.
• Actual costing uses actual costs incurred for materials, labor, and overhead, providing a more accurate reflection of costs.

• Standard costing uses predetermined costs for materials, labor, and overhead, allowing for easier budgeting and cost control.

• Actual costing is more time-consumin...read more
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Q2. Why material Ledger mandatory in s/4hana?
Ans. 
Material Ledger is mandatory in S/4HANA for accurate valuation of inventory and cost of goods sold.
• Material Ledger provides real-time, multi-dimensional valuation of inventory

• It allows for parallel valuation in different currencies and valuation views

• Enables accurate calculation of actual costs for materials using actual costing method

• Supports transfer pricing and profit center valuation
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Q1. Salary Negotiation
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Q1. Expalin PTP process
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Q2. Explain APP configuration and Payment run
Ans. 
APP configuration is the setup of Automatic Payment Program in SAP FICO to process vendor payments.
• APP configuration involves defining payment methods, bank determination, payment terms, and tolerances.

• Payment run is the process of executing the APP to generate payment proposals and payment orders.

• During payment run, the system selects open items based on defined criteria and creates payment documents.

• Payment run can b...read more
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Q1. What is difference between actual costing and standard costing
Ans. 
Actual costing is based on the actual costs incurred, while standard costing uses predetermined costs for materials, labor, and overhead.
• Actual costing uses actual costs incurred for materials, labor, and overhead, providing a more accurate reflection of costs.

• Standard costing uses predetermined costs for materials, labor, and overhead, allowing for easier budgeting and cost control.

• Actual costing is more time-consumin...read more
Answered by AI
Add your answer
Q2. Why material Ledger mandatory in s/4hana?
Ans. 
Material Ledger is mandatory in S/4HANA for accurate valuation of inventory and cost of goods sold.
• Material Ledger provides real-time, multi-dimensional valuation of inventory

• It allows for parallel valuation in different currencies and valuation views

• Enables accurate calculation of actual costs for materials using actual costing method

• Supports transfer pricing and profit center valuation
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Q1. Salary Negotiation
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Q1. Data models in SAL
Ans. 
Data models in SAP are used to define the structure of data in the system.
• Data models in SAP are used to represent the structure of data in a system.

• They define how data is stored, processed, and accessed within the system.

• Examples of data models in SAP include entity relationship diagrams (ERDs) and data flow diagrams.
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Q2. Case Studies of SF
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Q1. App configuration
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Q2. Explain Document splitting
Ans. 
Document splitting is a feature in SAP FICO that allows for the splitting of financial documents into multiple segments for reporting purposes.
• Document splitting is used to meet legal and management reporting requirements.

• It allows for the allocation of costs and revenues to different segments of the business.

• Document splitting can be based on various criteria such as business area, profit center, or segment.

• For exampl...read more
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Work from home or office

Q1. RATIOS,BOOKS OF ACCOUNTS
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Q2. Weakness and strength
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Q1. Location preferences
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Q2. Future Ambition
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Q1. Sap softwares and other questions related to profile
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