Tech Mahindra SAP Fico Consultant Interview Questions and Answers

A company code can be assigned to only one chart of accounts.

• A company code can have multiple company codes, but each company code can only be assigned to one chart of accounts.

• The chart of accounts determines the account structure and is used for recording transactions.

• If a company has multiple subsidiaries with different accounting requirements, it may need to create multiple company codes with different charts of ac...read more

Condition record is used to define pricing and discounts for customers and materials.

• Condition record is used in SAP FICO module.

• It is used to define pricing and discounts for customers and materials.

• It helps in maintaining the consistency of pricing and discounts across the organization.

• It can be used to define different pricing and discounts for different customers and materials.

• Examples of condition records include ...read more

Not maintaining account modifier can lead to incorrect financial reporting and accounting errors.

• Account modifier is used to differentiate between different types of transactions in financial reporting.

• If not maintained, it can lead to incorrect financial statements and accounting errors.

• For example, if a company has multiple revenue streams, not maintaining account modifier can lead to revenue from different streams b...read more