SAP-FICO INTERVIEW PREPARATORY PAPER -11. Can one group COA be assigned to two operational charts? -222. What is the credit control area? How is it related to the company code? -253. Explain the relationship between the Sort key and the Assignment field. 264. Why and when would you use a year-specific fiscal year variant? -305. What do you mean by year dependent in fiscal year variants? -346. What is field status group (FSG) and what does it control? -377. What is an account group and what does it control? -388. What are the country and operational COA? Why do you use the group COA? -399. What does the FSG assigned to a G/L master record control?-4010. What is a business area? Can you assign it to a company? -4111. What is the difference between a participating and nonparticipating currency? -4412. General Ledger13. What is open item management? -4514. What are the types of currencies used in SAP-4615. There are many banks in a house bank. If a payment is to be made from a particular bank G/L account, how is it carried out? -4816. What is the diff. between Account Assignment Model (AAM), recurring entries, and sample documents? 4917. In the G/L master you have the options Only balances in local crcy and A/c currency. What do these mean? 5018. How many charts of account can be attached to a company code?19. What are document types and what are they used for? 5620. What is an employees tolerance group? Where is it used? -5721. What are posting keys and what is the purpose of defining them? -5822. What are the segments of the G/L master record? -6123. What are residual payment and part payment? -6224. What are the customization steps for cash journals? 6425. What is a baseline date? Where is it used? Can it be changed? 6626. What is a special G/L transaction? 6727. Why do you use special-purpose ledgers (SPLs)? 6828. Why and when would you use business areas? -7029. How do you identify a document? How many line items can one document have?30. Define Document Type? How do you identify a document? How many line items can one doc. have?31. What is a tolerance group? -7832. How do you reverse cleared documents? 8033. What is a parked document and a held document? What are the differences between the two? 8234. Explain the document currency and local currency fields when posting a document in SAP FI. 8435. Explain the reversal process in SAP solutions. -8736. What is a noted item in the SAP solution? -8837. How is the due date of a document calculated? -8938. What is an automatic payment program? What are the steps to configure it? 9039. What settings do you need to adjust before running the automatic payment program? 9840. What are the steps for configuration of withholding tax? -9141. What is a GR/IR account? Why is it maintained? 9342. What is the difference between withholding taxes and extended withholding taxes? 9443. If a document type is configured for a vendor, can you use that document type in the line item posting key meant for a customer?9644. What are sensitive fields with reference to customer and vendor masters? How do they work? 9945. What are the steps for linking customers and vendors? 10146. How do you make an advance payment to a vendor through the APP? 10247. Is it possible to update the reference field in the header of a payment document when the check numbers are generated by the system? If so, what is the procedure to do it?10448. What is an alternative payee?10549. How can you prevent a duplicate vendor master from being created?10650. What is dunning? What is a dunning level? What is the maximum number of levels that can be created?108+11051. Explain the steps of dunning configuration.52. What is a sub ledger? How is it linked to the G/L?11253. What is an asset class?11654. How do you calculate depreciation retroactively from its acquisition date after changing the dep. key?11555. How do you process fixed asset depreciation?11756. What is an asset master? What does it control for sub asset masters?57. How many depreciation areas can be defined for a company code?58. What are the types of depreciation methods?59. What are depreciation areas? Describe the function of depreciation areas.60. What is derived depreciation area?61. Is it possible to create an asset class automatically?62. How can you create multiple assets?63. Explain various ways to acquire assets and the corresponding accounting entries.64. Explain various ways assets may be retired and the related accounting entries65. What is acquisition and production cost (APC)?66. Explain the assets organization structure from company code to sub assets..67. How do you reverse depreciation posting?68. Describe the asset history sheet69. What are the three direct types of depreciation that are supported by the system?70. How many ways can you create the asset master record?71. What is the difference between the COA and the COD?72. What significance does depreciation key 0000 have?73. What is an operating concern?74. How many statistical objects can be selected when you post an FI document where cost center accounting (CCA), PCA, and internal order (IO) are active?75. Defi ne the term cost object76. Define Cost Element Categories and its different types?77. What are the differences between business areas and profi t centers?78. How can you tell an FI document from a CO document? 79. How many documents are created when primary costs are posted to CO from another module?80. What are the different types of cost elements? What is the difference between primary and secondary cost elements?81. Where do you assign the activity type in cost centers?82. What is periodic reposting?83. What is the difference between periodic reposting, distribution, and assessment? And which would you use under what situations?84. What is allocation structure?85. What is the basic difference between cost centers and IOs?86. What is a statistical key figure?87. What is reposting?88. What is the difference between assessment and reposting?89. For statistical key figures, what is the significance of sender and receiver cost elements and cost centers?90. It is said that both activity type and SKF act as a tracing factor for cost allocations. Explain what the difference is between these two and when each is used.91. How can you allocate depreciation expenses to multiple cost centers?92. What are segments and cycles?93. Define direct internal activity allocation.94. Explain both the iterative and cumulative form of cycle processing.95. Describe imputed cost calculation in CO.96. Define activity dependent cost, activity independent cost, and mixed cost.97. What is a dummy profit center?98. Describe how cost and revenue flow to PCA.99. What is IO?

Internal Orders Internal orders are normally used to plan, collect, and settle the costs of internal jobs and tasks. The SAP system enables you to monitor your internal orders throughout their entire life-cycle; from initial creation, through the planning and posting of all the actual costs, to the final settlement and archiving. An Internal Order is a self-contained mini project cost object, i.e. it's a collection of costs, but not a full project with WBS and network relationships. The Internal Order should settle to Fixed Asset, Project, Cost and/or Profit Centers at the accounting period (month) end. It's a process similar to overhead allocation. In turn, the Internal Order can also be settled into and serve as an interim placeholder for overhead costs.Main configuration components of the Order TypeSettlement ProfileIn the settlement profile, you define a range of control parameters for settlement. You must define the settlement profile before you can enter a settlement rule for a sender. If you want to settle the costs each time to just one cost center or just one G/L account, you need a settlement profile. As you cannot maintain the settlement parameters during settlement to a receiver, you must save the settlement profile either in the order type or in the model order or reference order.

Allocation StructureAn allocation structure comprises one or several settlement assignments. An assignment shows which costs (origin: cost element groups from debit cost elements) are to be settled to which receiver type (for example, cost center, order, and so on).You have two alternatives in settlement assignment:You assign the debit cost element groups to a settlement cost element.You settle by cost element - that is, the debit cost element is the settlement cost element.

Source StructureA source structure contains several source assignments, each of which contains the individual cost elements or cost element intervals to be settled using the same distribution rules.EXAMPLE: The object in question has incurred both direct and overhead costs. The direct costs are to be divided 50% each between a fixed asset and a cost center, while the overhead is to be settled in full to an administration cost center in CO.To do this, you would create a source structure with two source assignments:1. Direct cost elements2. Overhead cost elements

PA Transfer StructureIn the PA transfer structure you determine which cost element groups are assigned to which value fields in Profitability Analysis (CO-PA). You make these assignments within so-called "assignment lines". Settlement lets you transfer costs, revenues, sales deductions and production variances to costing-based Profitability Analysis. The PA transfer structure defines which quantities or values of a sender are to be transferred to which value fields in CO-PA as part of settlement. For example, in the case of a marketing order, you can assign the cost element group "Personnel costs" to value field VTRGK (= Sales overhead).

Status ProfileA status profile is a combination of user statuses and rules that can be defined by the user. You define status profiles in Customizing. Within a status profile, you can:*Define user statuses and document their functions using a corresponding long text*Assign a status number to a user status. This status number specifies in what sequence the system runs through the user statuses*Define an initial status that is automatically set when an object is created*Specify that a user status is automatically set when you execute a business transaction*Allow or forbid specific transactions when a status is active*Define a business transaction that is automatically executed when you set the user status