SAVIC Technologies Associate SAP Fico Consultant Interview Questions and Answers

Q1. Tell me about APP?
Ans. 
APP stands for Automatic Payment Program in SAP FICO module.
• APP is used for making payments to vendors automatically based on predefined criteria.

• It helps in streamlining the payment process and reducing manual intervention.

• APP can be scheduled to run at specific intervals to ensure timely payments.

• It allows for customization of payment methods, payment terms, and selection criteria.

• Example: Setting up APP to pay all i...read more
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Q2. What is year shift ?
Ans. 
Year shift refers to changing the fiscal year in SAP FICO to align with the company's financial reporting requirements.
• Year shift is used to adjust the fiscal year in SAP FICO to match the company's financial calendar.

• It involves changing the start and end dates of the fiscal year in the system.

• Year shift can impact financial reporting, budgeting, and forecasting processes.

• It is important to carefully plan and execute ...read more
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Q3. Explain me validation and substitution? and where they are applicable?
Ans. 
Validation and substitution are functionalities in SAP FICO used to enforce data integrity and automate data entry processes.
• Validation ensures that data entered meets certain criteria or conditions before being saved.

• Substitution automatically populates fields with predefined values based on certain conditions.

• Validation and substitution can be applied to various fields in SAP FICO such as GL accounts, cost centers, a...read more
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Q4. In FI-MM integration in PRD transaction key which account do you specify?
Ans. 
In FI-MM integration in PRD transaction key, the account specified is the Consumption Account.
• The account specified in PRD transaction key for FI-MM integration is the Consumption Account.

• This account is used to record the consumption of materials in the production process.

• It helps in tracking the cost of materials used in production.

• Example: Consumption Account 300000 is specified in PRD transaction key for recording
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Q5. What is FI-SD integration?
Ans. 
FI-SD integration refers to the integration between Financial Accounting (FI) and Sales & Distribution (SD) modules in SAP.
• FI-SD integration allows for seamless flow of data between the two modules, ensuring accurate financial reporting based on sales transactions.

• Key integration points include customer master data, sales orders, billing documents, and accounts receivable.

• Integration helps in automating processes such ...read more
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Q6. What is chart of accounts and What is country chart of accounts gime an example?
Ans. 
Chart of accounts is a list of all the general ledger accounts used by a company, while country chart of accounts is specific to a particular country.
• Chart of accounts is a structured list of all the general ledger accounts used by a company.

• It helps in organizing financial transactions and preparing financial statements.

• Country chart of accounts is a variant of the chart of accounts that is specific to a particular co...read more
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Q7. What is the differnce between Partial and Residual Payment?
Ans. 
Partial payment is a payment made for a portion of the total amount due, while residual payment is the remaining amount left to be paid.
• Partial payment is made for a part of the total amount owed.

• Residual payment is the remaining balance left after the partial payment.

• Partial payment reduces the total amount due, while residual payment clears the remaining balance.

• Example: If a total bill is $1000 and a partial payment...read more
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Q1. All questions related to your work experience
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Q1. Your educational and working background realated questions
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Q1. Digital commerce related questions
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Q1. I was asked to brief about resume
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Q1. Non life insurance policy value chain
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Case of Property & Casualty Insurance

Q1. Why do you want to work in IT industry
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Q1. Details Accounting Entries for GL
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