_VOIS SAP Fico Consultant Interview Questions and Answers

Q1. Topics on third-Party sales Process, Credit Management, Consigmenet Sales process, Output Deteremination, Accounting entries at PGI and Invoice
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Q2. Explain Third Party Process
Ans. 
Third Party Process involves selling products to customers through a third party vendor.
• Involves a third party vendor who sells products on behalf of the company

• The company does not directly deliver the products to the customer

• The third party vendor may handle billing and shipping

• Common in dropshipping business models
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Q3. Explain Output Deteremination
Ans. 
Output determination in SAP SD is the process of determining the outputs (such as invoices, delivery notes, etc.) that are to be sent to customers based on certain conditions.
• Output determination is configured in SAP using condition technique.

• It involves defining output types, condition tables, access sequences, and output determination procedures.

• Outputs are determined based on various criteria like sales document typ...read more
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Q4. Explain Pricing Deteremination and Anlaysis of error
Ans. 
Pricing determination in SAP SD involves analyzing pricing conditions to calculate the final price for a sales document.
• Pricing determination is the process of calculating the final price for a sales document based on various pricing conditions.

• It involves analyzing pricing conditions such as discounts, surcharges, taxes, and freight charges to arrive at the final price.

• Errors in pricing determination can occur due to ...read more
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What would u do to bring DHL onboard as LE customer

In general questions coding questions and quantitative aptitude

Q1. About your project , work responsibilities and technology related questions
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Q2. Organisation structure Assignment of organisation structure Configuration of sap mm Integration between sap mm with other modules Sap implementation project In project what you have done
Ans. 
I have experience in configuring SAP MM, integrating with other modules, and working on SAP implementation projects.
• Configured organization structure in SAP MM to align with client's business requirements

• Assigned organization structure to various entities such as plants, storage locations, and purchasing organizations

• Integrated SAP MM with other modules like SAP SD for seamless order-to-cash process

• Worked on SAP implem...read more
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Q3. Procure to pay cycle
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Q4. Abap debugging related
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Q1. Salary discussion work structure
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Q1. Tell me about past job experience
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Q1. What are your strength
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Q2. What are your weekness
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Q1. Emi full form like that
Ans. 
Emi stands for Equated Monthly Installment.
• Emi is a fixed amount of payment made by a borrower to a lender at a specified date each calendar month.

• It is commonly used in the context of loans, mortgages, and other financial products.

• Emi includes both the principal amount and the interest on the loan.

• It helps borrowers to budget their monthly expenses and plan their finances accordingly.
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Q2. Gst full form like that
Ans. 
Goods and Services Tax
• GST stands for Goods and Services Tax

• It is an indirect tax levied on the supply of goods and services in India

• Implemented to replace multiple indirect taxes like VAT, service tax, etc.

• Helps in simplifying the tax structure and reducing tax evasion

• Example: GST rate in India is currently 18% for most goods and services
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Q3. Submit your resume and get referrals.
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Q1. Kernel upgrade steps
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Kernel upgrade steps involve planning, preparation, execution, testing, and post-upgrade activities.
• Plan the upgrade by reviewing release notes and system requirements

• Backup the system and database before starting the upgrade

• Apply necessary support packages and patches before upgrading the kernel

• Execute the kernel upgrade using tools like Software Update Manager (SUM)

• Test the upgraded system thoroughly to ensure all fu...read more
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Q2. SPS upgraden process
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Q1. What is accounts payable
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Accounts payable is the amount of money a company owes to its suppliers or vendors for goods or services purchased on credit.
• Accounts payable is a liability on the balance sheet

• It represents the company's obligation to pay off short-term debts

• It is typically recorded when an invoice is received from a supplier

• Examples include bills for raw materials, utilities, or services
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Q2. What are the key configuration steps involved to create Automatic payment program
Ans. 
Key configuration steps for creating Automatic payment program in SAP Fico
• Define payment methods in transaction code FBZP

• Set up house banks in transaction code FI12

• Configure payment methods per company code in transaction code FBZP

• Define payment methods per country in transaction code OBVC4

• Assign payment methods to vendors in transaction code XK02
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Q1. Where does pricing come from
Ans. 
Pricing in SAP SD comes from condition records maintained in the system.
• Pricing in SAP SD is determined by condition records maintained in the system.

• Condition records include pricing elements such as discounts, surcharges, and taxes.

• Pricing can also be influenced by customer-specific agreements and contracts.

• The pricing procedure in SAP SD determines the sequence in which conditions are applied.
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