cancel
Showing results for 
Search instead for 
Did you mean: 

Please help me

Former Member
0 Kudos

Hi friends,

I am New to FI/CO .Could any one please forward

1)interview Questions

2) some Real time Objects from starting stage to final stage release of Functional Spec.

3)What the FI/Co consultant hadle in a full life cycle implementation project.

4)what the compnay expects from him.

Please do the needul and mail ...

satya_kumar_sap@yahoo.com

With Regards,

Satya

Accepted Solutions (0)

Answers (1)

Answers (1)

Former Member
0 Kudos

Pl. prepare yourself on the following broad lines:

Implementation exp.:

Brief about the project you did: w.r.t. the main activity of the client, How many plants they had, What modules were implemented, Who were the implementers, What’s the implementation team size, How many were in your module team, What’s your role in the project with respect to the activities you partook in the project, The Enterprise Structure with regard to the no. of Company Codes, any Business Areas or Profit Centers defined, Cost Centers defined, What’s the period of the project, When did they Go-Live?, Any issues you’d solved during ‘Support’ phase?

Questions on conceptual understanding:

a) SAP R/3 definition and 3-Tier Architecture

b) ‘Real time integration’ advantage of SAP

c) ASAP methodology

d) Solution Manager

e) Client / Company / Company Code / Business Area

f) Business Area vs Profit Center Approach

g) How effective will be the Financial Statements generated through Business Areas

h) With Holding Taxes vs Extended WHT

i) Field Status Concepts (G/L master fields controlled through Account Group and Document entry through Field Status Group set in the G/L master)

j) Special G/L transactions

k) Open item management

l) Reconciliation Accounts

m) Subsidiary Ledgers

n) Sort key

o) Negative Postings Allowed

p) Special periods

q) Only balances in local currency

r) Important Posting keys for G/L, A/R, A/P, AA, Stock Entries

s) Assessment vs Distribution

t) Org. Structure for FI

u) Org. Structure for CO

v) Product Costing: How the values flow in the system

Configuration:

a) Extended With Holding Taxes configuration steps – right from creation of WH Tax Types, Codes to Annual Return

b) FI-MM Integration (OBYC configuration with particular reference to Off-Setting entries)

c) FI-SD integration

d) Down Payments transactions

e) Interest – Balances / Arrears

f) Asset Accounting: Asset Class, Main Asset, Sub-Asset, Group Asset, Dep. Areas, Dep. Key, Transaction No.s (100- External acquisition, 210 – Retirement with Revenue, etc.), Imp. Transaction Codes.

General questions:

a) Educational Background

b) What influenced you to go in for SAP career?

c) Functional Career

d) Present earnings vs Expected pay

e) Inclination to relocate

Caution: more than one answer may be correct.

Please mark ALL correct answers.

Question:

Which of the following statements are correct?

A More than one chart of accounts can be created for each client

B The chart of accounts contains all the G/L accounts, vendor accounts and customer accounts

C More than one company code can be allocated to the same chart of accounts

D The chart of accounts controls all the customising settings in the R/3 system

E All accounts within a chart of accounts must have the same tax code

Question:

What status reports does Cash Management and forecasting include?

A. Cash management position

B. Liquidity forecast

C. Credit limit report

D. G/L account balances

E. Bill holdings

Question:

Which of the following are clearing procedures in accounts receivable?

A. Incoming payment

B. Down payment request

C. Credit memo

D. Transfer posting

Question:

When creating an Overhead Cost Order, the first order information which must be entered is:

A. Order status

B. Order type

C. Settlement type

D. Curreny

E. Classification code

Question:

When creating an Overhead Cost Order, the settlement rule must be entered in the control data.

Which settlement receivers are available for internal orders?

A. Cost center

B. Orders

C. General ledger accounts

D. Asset

E. Vendor

Question:

In Controlling, a distinction is made between master data, planning, actual data and the information system.

Which of the following master data belongs to Controlling?

A. G/L account

B. Work center

C. Cost center

D. Activity type

E. Supplier

Question:

Withing Overhead Cost Controlling activities are calculated. A Sender/Receiver relationship exists. However, not all Sender/Receiver combinations are allowed.

Which of the following combinations make business sense?

A. Sender. Cost Center, Order, Project

Receiver. Cost Center, Order, Project

B. Sender. Order

Receiver. Cost Center, Project

C Sender. Cost Center

Receiver. Cost Center, Order, Project, Cost Object

Question:

Period closing activities are also performed in Controlling. This is dependent on certain prerequisites. Which of the following are MINIMUM criteria before it makes sense to carry out period closing?

A. The posting period has been closed.

B. Materials have been withdrawn.

C. Personnel costs have been incurred.

D. Overhead has been incurred.

Learn about Inventory postings and Accounting entries for this..

For Example: during Goods Receipt

Stock Account - Dr

G/R I/R Account - Cr

Freight Clearing account - Cr

Other expenses payable - Cr

During Invoice Verification

G/R I/R Account - Dr

Vendor - Cr

When the Goods are issued to the Production Order the following transactions takes place:

Consumption of Raw Materials - Dr

Stock A/c - Cr

When the Goods are received from the Production Order the following transactions takes place:

Inventory A/c - Dr

Cost of Goods Produced - Cr

Price difference - Dr/Cr

(depending on the difference between standard cost and actual cost)

When the Goods are dispatched to customer through delivery the following transactions takes place:

Cost of Goods Sold - Dr

Inventory A/c - Cr

Regards,

Velumani