SAP FICO INTERVIEW QUESTIONS
& ANSWERS
How to Clear Each and Every Interview You
Give- 100 % Success Assured.
Enterprise Structure
What is a Company Code and what are the basic
organizational
assignments to a company code?
Company Code is a legal entity for which financial statements like
Profit
and Loss and Balance Sheets are generated. Plants are assigned to
the
company code, Purchasing organization is assigned to the company
code,
and Sales organization is assigned to the company code.
What is the relation between a Controlling
Area and a Company
code?
A Controlling area can have the following 2 type of relationship
with a
Company code
a. Single Company code relation
b. Cross Company code relation
This means that one single controlling area can be assigned to
several
different company codes. Controlling can have a one is to one
relationship or a one is to many relationship with different
company
codes.
Controlling Area is the umbrella under which all controlling
activities of
Cost Center Accounting, Product Costing, Profit Center and
Profitability
Analysis are stored.
In a similar way Company Codes is the umbrella for Finance
activities.
How many Chart of Accounts can a Company code
have?
A single Company code can have only one Chart of Account assigned
to
it. The Chart of Accounts is nothing but the list of General Ledger
Accounts.
What are the options in SAP when it comes to
Fiscal years?
Fiscal year is nothing but the way financial data is stored in the
system.
SAP provides you with the combination of 12 normal periods and
also
four special periods. These periods are stored in what is called
the fiscal
year variant.
There are two types of Fiscal Year Variant
· Calendar Year – e.g. Jan-Dec
· Year Dependent Fiscal Year .
What is a year dependent fiscal year variant ?
In a year dependent fiscal year variant the number of days in a
month
are not as per the calendar month. Let us take an example:- For
the year
2013 the period January ends on 29th, Feb ends on 27th, March ends on
29. For the year 2014 January ends on 30th, Feb ends on 26th, March
ends on 30th. This is applicable to many countries
especially USA. Ever
year this fiscal year variant needs to be configured in such a
case
How does posting happen in MM (Materials
Management) during
special periods?
There is no posting which happens from MM in special periods.
Special
periods are only applicable for the FI module. They are required
for
making any additional posting such as closing entries, provisions.
which
happen during quarter end or year end.
How many currencies can be configured for a
company code?
A company code can have 3 currencies in total. They are local
currency
ie company code currency) and 2 parallel currencies. This gives
the
company the flexibility to report in the different currencies.
Do you require to configure additional ledger
for parallel currencies?
Where only 2 currencies are configured (Company code currency and
a
parallel currency) there is no need for an additional ledger. In
case the
third parallel currency is also configured and if it is different
than the
second currency type, you would then need to configure additional
ledger.
If there are two company codes with different
chart of accounts how
can you consolidate their activities?
In this case you either need to write an ABAP program or you need
to
implement the Special Consolidation Module of SAP. If both the
company
codes use the same chart of accounts then standard SAP reports
give
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