Rajesh Trading SAP MM Consultant Interview Questions and Answers

Articleship experience is essential for gaining practical knowledge and skills in the field of consulting.

• Articleship provides hands-on experience in real-world scenarios.

• It helps in understanding the practical application of theoretical knowledge.

• Working under experienced professionals enhances skills and knowledge.

• Articleship is a crucial step towards becoming a successful consultant.

Ind AS's are Indian Accounting Standards converged with IFRS.

• Ind AS's are applicable to certain classes of companies in India.

• They aim to bring transparency and comparability in financial reporting.

• Ind AS's have been adapted from IFRS with certain modifications.

• They cover various aspects of accounting such as revenue recognition, leases, financial instruments, etc.

To check if each FA is located severely, follow the FAR procedures.

• Refer to FAR Part 45 for definitions and identification of FAs

• Check the records of each FA to determine its location

• Ensure that the location of each FA is compliant with applicable regulations

• If any FA is found to be located severely, take appropriate corrective action

Sharing rules profiles determine which records are shared with which users or groups.

• Sharing rules profiles are used to extend access to records beyond the organization-wide defaults.

• They can be based on criteria such as record owner, record type, or field values.

• Profiles can be assigned to roles, public groups, or individual users.

• Examples of sharing rules profiles include granting access to specific accounts for a sa...read more