SAP Training, SAP FICO Training, SAP Treasury Training, SAP Project System Training

SAP FICO Interview Questions and Answers

2011-02-14T09:57:00.000-08:00

Couple of frequently asked SAP FICO interview questions and answers:-
1) How do you default certain cost center for a certain cost element ?
Ans:
There are 2 ways to do it:-
a) Use transaction code OKB9 and update the company code for which it needs to be defaulted with the cost element and the cost center or
b) Use transaction code KA02 and update the cost center as default cost center against the cost element

2) Is it possible to maintain plantwise GL codes ?
Ans:
Yes. To be able to do so the valuation group code should be activated. The valuation grouping code is maintained per plant and is configured in the MM module. Account codes should be maintained per valuation grouping code after doing this configuration.

3)Is it possible to have more than one retained earnings account? Why do you require it?
Ans:

Yes, it is possible to have more than one retained earnings accounts. It is required in case you need to have more than one reporting such as local and parent reporting.

4) In New GL profit center needs to be used as an additional reporting characteristics. Does profit center module needs to be activated in this case?
Ans:
Yes, profit center module still needs to be activated and configured so that the characteristic is available for reporting.

5)Explain the process of creation of standard cost estimate?

Ans:
A standard cost estimate is executed for all in house manufactured products such as finished good or semi-finished goods. It can be executed for a single product using transaction code CK11N to create cost estimate and transaction code CK24 to mark and release the standard cost estimate.
For creating a standard cost estimate for more than one finished products, semi finished products at a time, transaction code CK40N is used. The steps involved in CK40N are selection of the material, structure explosion, costing, analysis, marking and finally release of the standard cost estimate.

5) How do you default profit centers for certain balance sheet accounts?

Many more such interview questions are answered in the SAP FICO Interview Questions and Answers which is sold for 51 USD.

Click below to purchase for 51 USD.

https://www.2checkout.com/2co/buyer/purchase?sid=554546&product_id=59&quantity=1

SAP New GL configuration steps

2010-03-02T10:58:00.000-08:00

Check the SAP New GL configuration steps covered in this material

http://www.sapficoconsultant.com/SAP New GL configuration.pdf

The detail stuff is available in the SAP FICO Configuration Set.

Best Regards,

Aditya

Issues when SAP Server is in different time zone

2009-11-30T09:17:00.000-08:00

Very often in a multinational company an SAP server is based in one country and the users are accessing the system from different countries. There could be certain issues if the users are based in different time zone.

Let us take 2 issues :-

1) The SAP server is based in Singapore. The user is based in India. If the user enters an FI document in SAP at 10:00 pm India time on 23rd November 2009 what will be the default entry date and the posting date in SAP?

Solution: The entry date in the document will always be the Singapore server time which is 10:00 PM +2.30 hrs =12:30 AM or 00:30. Posting date in this case proposed by the system will be 24th Nov, 2009 (system date), but when the user post the document on-line he can always change the posting date to 23rd Nov, 2009 manually.

2) A Standard cost estimate needs to be released at midnight on 1 Dec 2009 for a company and plant code based in India and SAP server based in Singapore. At what time is it possible to release the standard cost estimate for the company code in India on 1 Dec 2009 ? Is it possible to release at 00:01 am on 1 Dec 2009 Singapore time (server time) ?

Solution: At 00:01 a.m. on 1 Dec 2009 Singapore time which is the server time technically it would have been possible to release the cost estimate, but in India the local time is still 22:31 or 10:31 pm 30th November 2009, therefore it is not possible to release the coste estimate at 00:01 but it would only be possible to release at 2:30 a.m on 1 Dec 2009 (which is 00:00 am 1st Dec 2009 in India)

Regards,

Aditya

SAP Treasury Configuration

2009-11-29T10:33:00.001-08:00

There has been a huge demand for the SAP Treasury configuration material. We have finally come out with this mind boggling material " The SAP Treasury and Risk Management Configuration guide". The product has solved all the mysteries of the configuration for the Treasury module. It is based on the ECC 6 version and a part of the Financial Supply Chain Management (FSCM) Material.
Check out the webpage for further details http://www.sapficoconsultant.com/TRRM28091971.htm

Regards,
Aditya

SAP FICO training

2009-11-29T08:51:00.000-08:00

SAP consulting is always a functional person's dream come true. And if you are into FICO consulting then it is like a Dada or boss of all the modules.Since it is FICO which drives the SAP project.Where to get trained and how do i get trained ? This is the big Question that a fresher always has in mind.There are numerous institutes which offer training. At the end of the course you are disillusioned and scared to go out as an FICO Consultant. You lack the knowledge and the conviction to face the customer with authority.But do not worry anymore.You now get best SAP training in the FICO module at http://www.sapficoconsultant.com

We are offeringa a lot of free materials such as FI GL configuration guide, Extended withholding tax configuration, Product Costing master data and many more.

Our SAP FICO Configuration Set is the most popular product in the SAP world. We have sold this product worldwide to as much as 67 countries in the world.

You can check the webpage for details of the SAP FICO Configuration Set http://www.sapficoconsultant.com/SAP%20FICO%20configuration%20e-book%20page.htm

Regards,

Aditya