SAP Basic & FI interview questions

1. What is the SAP Financial Accounting (FI) module?
     The SAP Financial Accounting (FI) Module provides integrated, on-line, 
    real-time functionality for processing, recording and maintaining the
    financial accounting transactions of the business for external reporting
    purposes.

2. List and describe sub-modules of FI?

  §  Accounts Receivable (A/R) – sub-module where customer transactions       are recorded and administered within FI.

  §  Accounts Payables (A/P) – sub-module where vendor transactions are recorded and administered within FI.

  §  General Ledger (G/L) – submodule where financial accounting data for a legal entity is recorded.

  §  Special Ledger (S/L) – provides summary information from multiple applications at a level of detail that the user defines that provides summary information from multiple applications at user defined levels.

  §  Asset Accounting (AA)- encompasses the entire lifetime of the assets from purchase order or the initial acquisition through retirement. To a large extent the system automatically calculates the values for depreciation, interest, insurance.

  §  Legal Consolidations: (FI-LC) is the sub-module with the central task of combining the financial operating results of the companies within a group to provide overall results for the group.

  §  Funds Management: (FI-FM) is the sub-module that supports financial checking and control using budgeting techniques.

  §  Travel Management (FI-TM): processes business trip and expense data. It may be integrated with HR (Personnel Data and Payroll).

3. Describe the SAP concept of “Integration.”
    Integration is the process by which data entered in one module is used by

    or updates another module on a real-time basis.

4. The General Ledger receives simultaneous postings from which other

     submodules within FI?
    The Accounts Receivable (FI-AR), Accounts Payable (FI-AP), and 

    Asset Accounting (FI-AA) modules.

5. FI-AR is closely integrated with which other module(s) within SAP?

    Which cycle does this support?
   The Accounts Receivable (FI-AR) module is closely integrated with the Sales

   & Distribution and Material Management modules. FI-AR supports the 

   Sales cycle

6. FI-AP is closely integrated with which other module(s) within SAP?

    Which cycle does this support?
    The FI-AP module is a closely integrated with the Materials Management

    (MM) module. The Accounts Payable module supports the Procurement

    Cycle.

7. List (3) features of the FI-GL module.

   • Multiple currency capability
   • Flexible real-time reporting
   • Real-time transaction entry

8. Cash Management is a sub-module of which module?
   Treasury module

9. Can depreciation be processed from Asset Accounting sub-module

     directly to the FI and CO Modules?
    Yes

10. What are the two major areas within the SAP environment? 
    Describe each.

   (1) Configuration – Maintenance of settings in the system to support
        customized business requirements of the client.
   (2) Application – On going processes required to record and report business
        activity.

11. What are the two methods available for accessing the configuration
       functions in FI? Describe each.

    • Implementation Guide (IMG) – leads you through the steps required for
      configuration in an implementation.
    • Transaction codes – takes you directly to the first screen of a transaction
       without the use of the IMG or menu paths.

12. What are the four configuration areas of the IMG? Describe each.

    • General Settings – non-application dependent specifications
    • Enterprise Structure – definition of organizational units and their 
       relationships
    • Cross-applications component
    • Functional Areas (e.g., Financial Accounting, Sales and Distribution)

13. Give examples of activities performed on the configuration side 
       in SAP? On the application side in SAP?

     Configuration:
    • Create Organizational structures
    • Define foreign currencies
    • Define financial statements
    • Outline Credit Management functionality

    Application:
    • Post Accounting transactions
    • Post Customer Invoice
    • Post Vendor Invoice
    • Create Master records
    • Process financial statements
    • Display accounting documents

14. What are three major components of Customizing?

    • Implementation Guide
    • Basic Functions
    • Procedure Model

15. What is the SAP Procedure Model?

    Provides planning basics for an implementation project and describes the
    different phases of the SAP implementation for all applications 
    (SAP’s implementation methodology).

16. What are the phases (4) in the SAP Procedure Model?

   • Organization and Conceptual design
   • Detailed design and set-up
   • Preparations for going live
   • Productive Operation

17. What does the menu path: System>Status do?

    It gives the transaction code and other identifying information for the
    current (active) transaction.

18. What is the highest level of information in SAP? 
      Where is this configured?

    General Settings, which is configured in the IMG

19. What are the tables that are configured under global settings?

    Calendar, Units of Measure, Country Table, and Currency Table and
    Exchange Rate Table

20. Who is usually responsible for establishing the organizational structure
      on an implementation?

    FI/CO Team

21. What are some examples of units set up under organizational 
      structure?

   • Company Code
   • Business Area
   • Credit Control Area
   • Functional Area

22. What is meant by “Cross-application” components in the IMG?

    Cross-application components encompass all areas of configuration that are
    not specific to one application. They are used across the functional
    modules. Examples include:

   • Document Management
   • Documentation Tools
   • ALE
   • EDI

23. What are the three versions of the IMG? Describe each.

   • Reference IMG: Complete Version
   • Enterprise IMG: Subset of the Reference IMG that includes all modules to
      be implemented for a specific organization.
   • Project IMG: Subset of the Enterprise IMG based on the individual projects
      or areas within an implementation

24. What is the correction and transport system? 
      Who operates this system?

    The Correction and Transport System provides a method to move
    configuration and program code from system to system or Client to Client.
    It would be used to move customized data from a development system to a
    test system, and then to a production system.

    The Correction and Transport System is usually operated by the System
    Administrator.