Senior SAP MM Functional Consultant Interview Questions and Answers

Accounting entries are made in procurement cycle to record financial transactions.

• When goods are received, a debit entry is made to inventory account and a credit entry is made to accounts payable account.

• When goods are issued, a debit entry is made to cost of goods sold account and a credit entry is made to inventory account.

• When invoice is received, a debit entry is made to accounts payable account and a credit entry is made to expense account.

• When payment is made, a debit ...read more

Special procurement types in SAP Supply Chain Management (SCM)

• Special procurement types are used to handle procurement scenarios that are not covered by standard procurement types

• Examples include subcontracting, consignment, pipeline, and stock transfer

• Subcontracting involves sending raw materials to a vendor who will process them into finished goods

• Consignment involves placing goods at a customer's location until they are used or sold

• Pipeline involves transporting goods thro...read more