Unitel Software Junior SAP Fico Consultant Interview Questions and Answers

Q1. Sap skills and sap fi question
Ans. 
Sap is the one of the software application.
Answered Anonymously
Add your answer
Q2. What is sap? and what is fiancial year?
Ans. 
SAP is an enterprise resource planning software that helps businesses manage their operations. A financial year is a 12-month period used for accounting and financial reporting purposes.
• SAP is a software developed by SAP SE that integrates various business functions such as finance, sales, and production.

• It helps organizations streamline their processes, improve efficiency, and make data-driven decisions.

• SAP FICO (Fina...read more
Answered by AI
Add your answer
Q3. What is golden rules for accounting?
Ans. 
The golden rules of accounting are basic principles that guide the recording of financial transactions.
• The first golden rule is the Debit/Credit rule, which states that for every transaction, there must be at least two accounts involved, with one account debited and another account credited.

• The second golden rule is the Real/Personal/Nominal rule, which categorizes accounts into three types: real accounts (assets and l...read more
Answered by AI
View 1 more answer
Q4. What is company?
Add your answer
Q5. What is hold document in sap fi?
Ans. 
A hold document in SAP FI is a document that is temporarily blocked from further processing.
• A hold document is typically used when there is a need to temporarily stop the processing of a document.

• It can be placed on a hold due to various reasons such as missing information, pending approvals, or incorrect data.

• While a document is on hold, it cannot be posted or further processed until the hold is released.

• Hold document...read more
Answered by AI
Add your answer

Sap fico related question and answer

Q1. What is wbs ?
Ans. 
WBS stands for Work Breakdown Structure, a hierarchical representation of project tasks, deliverables, and milestones.
• WBS breaks down a project into smaller, more manageable components

• Each component is assigned a unique identifier for tracking purposes

• Helps in organizing and planning project activities

• Commonly used in project management to define project scope and schedule
Answered by AI
Add your answer
Q2. Why do we need scheduling?
Ans. 
Scheduling is essential for coordinating tasks, resources, and timelines to ensure efficient and effective project execution.
• Helps in organizing and prioritizing tasks

• Ensures efficient use of resources

• Helps in meeting deadlines and milestones

• Facilitates coordination among team members

• Reduces conflicts and overlaps in project activities
Answered by AI
Add your answer

Q1. Tell about https.
Add your answer

Q1. What do you about know sap fico
Ans. 
SAP FICO is a module in SAP ERP that deals with financial accounting and controlling.
• SAP FICO is an acronym for SAP Financial Accounting and Controlling.

• It is a module in SAP ERP that integrates financial accounting and controlling processes.

• It helps organizations manage their financial transactions, financial reporting, and cost controlling.

• SAP FICO includes sub-modules like General Ledger Accounting, Accounts Payable...read more
Answered by AI
View 1 more answer
Q2. What is posting period varint
Ans. 
Posting period variant is a configuration setting that controls the posting periods for financial transactions.
• Posting period variant determines the open and closed periods for posting financial transactions.

• It is assigned to a company code and controls the posting periods for all financial modules.

• It can be customized to meet the specific needs of the organization, such as defining special periods for year-end closing...read more
Answered by AI
Add your answer
Q3. What asset class and who made asset class
Ans. 
Asset class is a categorization of assets based on their characteristics. It is made by the company's management.
• Asset class is used to group similar assets together for reporting purposes

• It helps in tracking and managing assets efficiently

• Examples of asset classes include buildings, machinery, vehicles, and furniture

• Asset classes are created by the company's management based on their business needs
Answered by AI
Add your answer
Q4. What are the type of tolerance group in sap
Ans. 
There are three types of tolerance groups in SAP: payment, invoice, and purchasing.
• Payment tolerance group controls the maximum amount of difference between the invoice and payment.

• Invoice tolerance group controls the maximum amount of difference between the invoice and purchase order.

• Purchasing tolerance group controls the maximum amount of difference between the purchase order and goods receipt.

• Each tolerance group i...read more
Answered by AI
View 2 more answers
Q5. What is posting key and how to deater mined the posting key
Ans. 
Posting key is a two-digit numerical code used in SAP FICO to determine the type of transaction and the general ledger account to be posted.
• Posting key is used to control the entry of accounting documents in SAP FICO.

• It determines the type of transaction, such as debit or credit, and the general ledger account to be posted.

• Posting keys are predefined in SAP and can be customized as per business requirements.

• The posting...read more
Answered by AI
View 1 more answer
Q6. What is cash journal and how many steps of cash journal
Ans. 
Cash journal is a special journal used to record all cash transactions in a company.
• Cash journal is used to record all cash transactions in a company

• It is a special journal that is used to manage cash transactions

• Cash journal is used to record all incoming and outgoing cash transactions

• There are 3 steps in cash journal: creating a cash journal, posting transactions, and closing the cash journal
Answered by AI
Add your answer
Q7. What is documents types
Ans. 
Document types are categories of documents used in SAP to classify and organize business transactions.
• Document types are assigned to each transaction in SAP to identify the type of transaction and its purpose.

• Examples of document types include vendor invoices, customer invoices, purchase orders, and payment requests.

• Document types are used to control the posting of accounting entries and to determine the document numbe...read more
Answered by AI
Add your answer

Q1. What is account payable
Ans. 
Account payable is the amount owed by a company to its suppliers or vendors for goods or services received but not yet paid for.
• It is a liability account in the balance sheet

• It represents the amount owed to suppliers or vendors

• It includes invoices received but not yet paid

• It is an important component of working capital management

• Example: A company receives a bill for $10,000 from a supplier for raw materials purchased....read more
Answered by AI
Add your answer
Q2. What is account receivable
Ans. 
Account receivable is the amount of money owed to a company by its customers for goods or services sold on credit.
• It is a current asset on the balance sheet

• It represents the amount of money that a company expects to receive from its customers

• It is recorded as a debit entry in the company's books

• Examples include outstanding invoices, credit notes, and bad debts
Answered by AI
Add your answer
Q3. What are the type of chart of accounts
Ans. 
There are three types of chart of accounts: Operating chart of accounts, Group chart of accounts, and Country-specific chart of accounts.
• Operating chart of accounts is used for daily accounting activities and is assigned to a company code.

• Group chart of accounts is used for consolidating financial statements of multiple company codes.

• Country-specific chart of accounts is used to meet legal and reporting requirements sp...read more
Answered by AI
View 1 more answer
Q4. How to configuration AAP
Ans. 
AAP configuration involves setting up the Asset Accounting module in SAP FICO.
• Define chart of depreciation

• Create asset classes

• Specify depreciation areas

• Assign asset classes to depreciation areas

• Define screen layout rules

• Configure number ranges for asset master records

• Set up depreciation keys

• Define tax depreciation areas

• Configure integration with other modules
Answered by AI
Add your answer
Q5. What are the level of configured down payment
Ans. 
There are three levels of configured down payment: partial, final, and intermediate.
• Partial down payment is made before the delivery of goods or services.

• Final down payment is made after the delivery of goods or services.

• Intermediate down payment is made during the delivery of goods or services.

• Each level can have different percentages and due dates.

• Down payment configuration can vary based on company policies and cust
Answered by AI
Add your answer
Q6. What are the process of desperation calculated
Ans. 
Desperation is not a process that can be calculated. Did you mean depreciation?
• Desperation cannot be calculated as it is an emotion.

• Depreciation is the process of allocating the cost of an asset over its useful life.

• Depreciation can be calculated using various methods such as straight-line, declining balance, and sum-of-the-years' digits.

• Depreciation is important for financial reporting and tax purposes.

• For example, a ...read more
Answered by AI
Add your answer
Q7. What is product costing
Ans. 
Product costing is the process of determining the cost of producing a product or service.
• It involves identifying all the costs associated with producing a product or service, including direct and indirect costs.

• Direct costs include materials, labor, and other expenses directly related to production.

• Indirect costs include overhead expenses such as rent, utilities, and administrative costs.

• Product costing is important fo...read more
Answered by AI
Add your answer

Q1. Also prepare the technical round proper. Lot of good questions will come
Add your answer
Q2. Master data Batch Integration P2p
Add your answer