Interview Questions
Interview Questions
Interview Questions
Ans: Client
Operating Concern
Ans: Landscape is like a server system or like a layout of the servers or some may even call it the
architecture of the server’s viz. SAP is divided into three different landscapes Development,
Quality and Production.
DEVELOPMENT QUALITY PRODUCTION
Ans: R/3 stands for real-time three tier architecture. This is the kind of architecture SAP R/3
system has.
R/3 means three layers are installed in Different system/server and they are connected with
each other.
5. How many Normal and Special periods will be there in fiscal year, why do u use special
periods?
Ans: 12 Normal posting period and 4 special periods are in the fiscal year which can be used for
posting tax and audit adjustments to a closed fiscal year.
Ans: Year Dependent: the financial year is same as calendar year. Starting from 1st Jan to 31st
Dec (where posting periods and the calendar months are equal).
Year Independent: the financial year is different from calendar year Starting from 1st April to
31st March (where the posting period months are not equal to calendar year months).
Ans: PPV is used to open and close the periods based on a/c types considering GL Accounts. Tr.
Code. OB52.
Ans: Document type is nothing vouchers containing line items. Several business transactions
can be identified within a particular document type.
Ans: These are special classification keys. Two character numerical key it controls the entry of
line items.
Posting key determines Account type; Debit/credit posting, Field status of transaction.
Ans: It means it is used to carry forward the balance from one fiscal year to next fiscal year.
14. What is field status group, what does it control?
Ans: FSG is mandatory field in GL Creation. You use this field to define which fields are displayed
when you post business transactions to a G/L account.
- Suppressed
- Display
- Optional
- Required
15. What is chart of account and how many charts of accounts can be assigned to a company?
Ans: Chart of account is a list of all G/L accounts used by one or several company codes.
You have to assign a chart of accounts to each company code. This chart of accounts is the
Operating chart of accounts and is used for the daily postings in this company code.
You have the following options when using multiple company codes.
You can use the same chart of accounts for all company codes
Ans: Account group determines which fields you can configure on the G/L master record. It is
necessary to have at least two one for B/S and another one for P&L a/c.
Ans: Open item management is further reconciliation function. OIM allows you to display the
open and cleared items and amounts in an account. OIM should be used if an offsetting entry is
made for every line item posted in the account. The a/c is reconciled and cleared against
another account. Ex. Salary clearing account and GR/IR Clearing account.
Ans: Residual payment it clears original invoice with incoming amount and create new line item
for remaining outstanding amount.
Partial payment it leaves the original invoice amount and creates new
External Number ranges: Doc. No will be given manually by the end user. System will not lock
no automatically in this case. User can pick the number randomly. Number may be an alpha
numeric.
Ans: There are various G/L reports that can be generated in SAP FI. Most common are:
Ans: 'Dunning' is the process by which payment chasing letters are issued to customers. SAP can
determine which customers should receive the letters and for which overdue items. Different
letters can be printed in SAP depending on the overdue payment date, with a simple reminder.
With the help of dunning level on the customer master, we can know which letter has been
issued to the customer.
Ans: There are three currencies that can be configured for a Company code, one is a local
currency and two are the parallel currencies.
Ans: Each company code can have two additional currencies, in addition to the company code,
currency entered to the company code data. The currency entered in the company code
creation is called local currency and the other two additional currencies are called parallel
currencies. Parallel Currencies can be used in foreign business transactions. In order to do
international transaction, parallel currency can be used. The two parallel currencies would be
GROUP CURRENCY and HARD CURRENCY.
31. What Are The Common Activities Performed In Month End Closing In Sap Fi?
Ans: In SAP FI, month end closing involves activities in posting a closing period. You can carry
out the following activities as part of month-end closing −
Open and close posting periods.
You close one or more posting periods in the past for posting, and
permit posting to be made to one or more current or future posting
periods.
32. At What Level Are The Customer And Vendor Code Stored In Sap?
Ans: The customer and vendor code are at the client level. That means any company code can
use the customer and vendor code by extending the company code view.
33. What are the steps for creating Vendor ?