10+ Christ the King Academy Interview Questions and Answers

Pricing is integrated with Sales and Distribution, Materials Management, and Financial Accounting modules.

• Pricing is integrated with Sales and Distribution module to determine the final price of a product or service.

• It is also integrated with Materials Management module to determine the cost of goods sold.

• Pricing is integrated with Financial Accounting module to determine the revenue and profit of a company.

• The integration of pricing with these modules ensures accurate and co...read more

Calculation type in pricing refers to the method used to calculate the price of a product or service.

• Calculation type determines how the system calculates the price of a product or service

• There are different calculation types such as percentage, fixed amount, scale, and formula

• For example, a percentage calculation type may be used to apply a discount to a product based on a percentage of the original price

• A fixed amount calculation type may be used to add a specific amount to...read more

Account key is used to determine GL account for revenue, discounts, taxes, etc. in SAP SD module.

• Account key is a 2-character alphanumeric code used in pricing procedure

• It determines which GL account will be used for various pricing elements like revenue, discounts, taxes, etc.

• Account key can be customized as per business requirements

• Examples of account keys are PR00 for price, K007 for discounts, MWST for taxes, etc.

GL accounts are assigned in SAP SD to record financial transactions related to sales and distribution processes.

• GL accounts are assigned to various sales and distribution processes such as sales order, delivery, and billing

• They are used to record financial transactions such as revenue, cost of goods sold, and taxes

• GL accounts can be assigned at various levels such as company code, sales organization, and distribution channel

• GL accounts can also be assigned based on specific c...read more

Account determination is the process of determining the correct GL account for a transaction.

• It involves mapping of different transaction types to appropriate GL accounts

• It is a crucial step in financial accounting

• It can be configured in SAP using transaction code OBYC

• Examples include determining the correct GL account for sales revenue or expense accounts

To get timely invoices billed to client, establish clear communication and follow-up regularly.

• Establish clear communication with the client regarding billing procedures and timelines

• Ensure all necessary documentation is complete and accurate before submitting invoices

• Follow-up regularly with the client to ensure timely payment and address any issues or concerns

• Utilize technology and automation tools to streamline the invoicing process

• Maintain detailed records and documentati...read more

Indian clients face challenges in implementation due to cultural differences and communication barriers.

• Language barriers can lead to misunderstandings and delays

• Different work styles and expectations can cause conflicts

• Lack of clarity in project scope and requirements

• Resistance to change and reluctance to adopt new technologies

• Cultural differences in decision-making processes and hierarchy

• Time zone differences can affect communication and coordination

• Legal and regulatory com...read more

HRM stands for Human Resource Management, which is the process of managing an organization's employees.

• HRM involves recruiting, hiring, training, and developing employees.

• It also includes managing employee benefits, compensation, and performance.

• HRM is important for creating a positive work environment and ensuring legal compliance.

• Examples of HRM tasks include conducting job interviews, creating employee training programs, and administering payroll.

• HRM is a crucial function ...read more

Educational background refers to a person's academic qualifications and achievements.

• It includes degrees, diplomas, certificates, and other educational credentials.

• It also includes the institutions attended and the fields of study.

• For example, a person with a Bachelor's degree in Business Administration from Harvard University has an educational background that includes a degree in Business Administration from Harvard.

• Educational background can be important in determining a p...read more

I have learned various aspects of my SAP module including configuration, customization, and integration with other modules.

• Configuration of SAP system according to business requirements

• Customization of SAP modules to meet specific needs of the organization

• Integration of SAP modules with other systems for seamless data flow

• Understanding of SAP best practices and industry standards

• Troubleshooting and resolving issues in SAP system