Top 10+ SAP Interview Questions
SAP FICO is a Module of SAP ERP that is used for financial reporting both externally and internally.sap stands for system application and product in data processing. one of the fourth largest companies in the world. It’s a German software introduced in 1972.in Germany. Top 10+ SAP Interview Questions means SAP financial accounting and controlling. All general ledger accounts used for reporting are managed through general ledger accounting. In fact, a set of all general ledger accounts used by companies is called a Chart of accounts. Sap comes up with many vacancies in MNCs in both sub-modules which means accounts payable and accounts receivable.
1. Firstly, in sap interview, accounts payable is sub module that captures all transactions with customer accounts. the transaction included in accounts payable includes invoice posting, credit memo posting, down payment, etc.
2. accounts receivable is a sub-module that captures all transactions with vendors and manages vendor accounts. Transactions in accounts receivable include invoice posting, credit memo posting, down payments, invoice payment, dining, and executing customer projects.
Now in sap accounts chart of accounts plays a vital role in financial accounting. There are three types of charts of accounts
1 Operating Chart of Accounts: they are used to post Daily Expenses the Accounts in the Operating Chart Of Accounts could be either expenses Or Revenue Accounts. and information is shared by finance as well as the controlling Module.
2. Group Chart of Accounts: these are Accounts used by the entire Corporate group they help in generating reports at the corporate
3. Country-Specific Chart of Accounts: this chart of accounts helps meet country-specific legal requirements.
Some Top 10+ SAP Interview Questions
In sap, three designations are there.
1 consultant
2. support consultant
3. end – user
We will discuss these sap interview questions in two parts. The first 20 questions would be for consultants and support consultants. These personnel are working on projects, there are several projects we can see in the industry.ex.planned projects, rollout projects, implementation projects, and big bang projects. now what interviewer will ask you questions if you really want to be a part of support projects or IT projects as Consultants?
1. What is SAP?
‘SAP’’ in German, meaning ‘Systems, Products in Data Processing.’ Founded in 1972, SAP—with its headquarters in Walldorf, Germany—is the global market of collaborative, inter-enterprise business solutions (i.e., business software). SAP employs close to 40,000 employees with more than 100,000 installations in about 40,000 companies in 120 countries. More than 12 million people use SAP on more than 20 industry-specific ‘Industry Solutions,’ known commonly as ‘IS’ (IS-Oil, IS-Retail, IS-Bank, etc.).
2. What are implementation projects?
Implementation means an installation of a sap erp system or software in another company.it includes all steps for installation of sap data and people in your organization ready to go live working. There are several steps are followed
1. project preparation
2. business blueprint
3. integration test
4. preparation
5 go live
Three are functional implementation states
Exploration, installation, initial implementation, full implementation.
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3. What is known as a ‘Duet’?
A component under SAP xApps, ‘Duet’ is a first-of-its-kind software solution from SAP and Microsoft that enables us to quickly interact with SAP business processes and data via their familiar Microsoft Office environment. The result of a collaboration between SAP and Microsoft.
4. what features are included in implementation projects?
Implementation/Upgrade of SAP Solutions o Central Access to Project Tools.
Central management of Project Information (Roadmap, System Landscape, Documentation)
Enables comparing/synchronizing customizing in several SAP components
Solution Monitoring o Central System Administration o System Landscape Analysis with System Level Reporting
Real-time System Monitoring o Business Process Monitoring
Services and Support
Access to programs/services for monitoring and optimizing system performance and availability to minimize risk
Service Desk o Solution Support through WorkFlow to create and manage Process/Problem Messages.
Change Management o Trace and audit system changes and transports through Change Request Management.
5. Explain how ‘mySAP ERP Financial’ is Better/Different than ‘R/3 Financial Accounting.’?
‘mySAP ERP Financials’ is built on the NetWeaver platform, which is the foundation for the service-oriented business, deploying financial processes at a faster pace. Irrespective of the business type, mySAP ERP Financials is designed with accounting requirements to provide a single complete platform to achieve excellence in accounting, performance ma supply chain, and corporate governance.
6. Why Do We Need ‘Enhancements’?
The standard R/3 application may not offer some of the functionality you need for a particular customer or for a parti R/3 ‘Enhancement’ functionality allows you to add your own functionality to SAP’s standard business applications of standard one to suit the particular need.
7. What is ‘SAPNet’?
The ‘SAPNet’ R/3 Front-end provides a remote connection to SAP’s service and support group to provide assistance with the implementation project system.
8. what are the support projects?
Go-Live and Support is the final and fifth phase of the project where the configured system is declared ‘life’ for day-t. Users make productive (live) business transactions in the system and all the issues crop up in the wake of going and are resolved by a support team immediately.
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- What is ‘Configuration’ in SAP?
‘Configuration’ is the process of maintaining settings (parameters) in the system to support specific/customized bus Remember SAP is an ‘all-encompassing’ application that needs to be ‘configured’ to meet your specific requirements
- What is an img and spro t code?
Spro stands for sap projects reference objects.
Img stands for (Implementation Guide)’ in SAP provides you with the various configuration steps in a tree-like structure of the nodes at the bottom representing the configuration objects. This is the central repository for customizing, providing a guide for carrying out various activities.
11. what is financial accounting?
The ‘FI (Financial Accounting)’ module of SAP is the backbone, which records, collects, and processes financial information on a real-time basis to provide the necessary inputs for external (statutory) reporting.
12. what is FI-AA?
Integrated with FI-GL, FI-AR, FI-AP, CO, MM, PP, and PM, this module manages the financial side such as depreciation, and assets throughout their entire lifecycle starting with the procurement of assets and ending with scrapping or sales.
13. What do You mean by ‘Organizational Units’ in SAP?
The ‘Organizational Units’ in SAP are the elements or structures representing business functions, used Clients (across the various modules) Company Code (FI), Controlling Area (CO), Plant (logistics), Sales Orga Purchasing Organization (MM), Employee Group (HR), etc.
14. What are the Important ‘Organizational Units’ in FI?
- Company 2. Company Code 3. Business area
15. What is a ‘Company’?
A ‘Company’ in SAP is represented by a 6-character alphanumeric code and usually represents the enterprise or the Company.
16.. What are the Important components of a Company Code?
- Company Code
- Company Name
- City
- Address
- Currency
- Country
- Language.
17.. Can You Assign More than One ‘Company Code’ to a ‘Company’?
All the Company Codes within a Company should use the same Chart of Accounts and the same Financial Year.
18.. What is the ‘Credit Control Area’ in SAP?
The ‘Credit Control Area’ in SAP helps administer credit management functions relating to customers. This organization is both in SD and FI-AR modules. By definition, you can have more than one credit control area in a Client, but each Co is assigned to one credit control area.
19. What do You Mean by ‘Opening/Closing’ Posting Periods?
Postings in SAP are controlled by the ‘opening’ or ‘closing’ of posting periods. Normally, the current posting period is document posting and all other periods are closed. At the end of the period (month), this posting period is closed and opened for postings.
20. What is a ‘Posting Period’?
A fiscal year, in SAP, is divided into various ‘Posting Periods,’ with a start and end date defined for each of these per posting is possible only when the ‘posting periods’ are in place in the system.
The rest of 3 questions would be on your salary discussion and on some family critical condition to check your presence of mind and capability, let’s check
- What if your mother is suffering from a disease and no one is going to take care of her? Who will you manage this situation
Answer: I will hospitalize her where staff can take care of her and try working in an office
- What if we fired you without informing you?
Answer: I will apologize, not only trying to ask for reasons but also explaining things and situations. I share problems with the management team and promise to avoid mistakes in the future and start working on them without messing with anyone
3. what if you got the opportunity to work with another MNC abroad?
Answer: I will serve my notice period and give that proper resignation.
End-user Top 10+ SAP Interview Questions are as follows
1. What is a Company Code and what are the basic organizational assignments for 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 the Sales organization is assigned to the company code.
2. What is the relation between a Controlling Area and a Company code?
A Controlling area can have the following 2 types of relationship with a Company code a.
Single Company code relation
- 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 one-to-many relationships with different company codes.
3. How many Chart of Accounts can a Company code have?
A single Company code can have only one Chart of Accounts assigned to it. The Chart of Accounts is nothing but the list of General Ledger Accounts.
- What is a year-dependent fiscal year variant?
In a year-dependent fiscal year variant the number of days in a month is not as per the calendar month. Let us take an example:- For the year 2005 the period January ends on 29th, Feb ends on 27th, March ends on 29. For the year 2006 January ends on 30th, Feb ends on 26th, March
5. What is an Account group and where is it used?
An Account group controls the data that needs to be entered at the time of the creation of a master record. Account groups exist for the definition of a GL account, Vendor, and Customer master. It basically controls the fields which pop up during master data creation in SAP.
6. How are input and output taxes taken care of in SAP?
A tax procedure is defined for each country and tax codes are defined within this. There is flexibility to either expense out the Tax amounts or Capitalize the same to Stocks.
7. Business area at company code Level?
No. The business area is at the client level. What this means is that other company codes can also post to the same business area.
8. A Finance Document usually has an assignment field. This field automatically gets populated during data entry. Where does it get its value?
This value comes from the Sort key entered in the Gl master record.
9. How do you keep the FI posting period open only for certain GL codes?
In transaction code, OB52 clicks on new entries and maintains an interval or a single GL code for the account type S with the posting period variant. If the GL codes are not in sequence then you need to maintain further entries for the posting period variant and account type
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10. How are Vendor Invoice payments made?
Vendor payments can be made in the following manner: Manual payments without the use of any output medium like cheques etc. Automatic Payment program through cheques, Wire transfers, DME et
11. Where are Payment terms for vendor master maintained?
Payment terms for Vendor master can be maintained in two places i.e. in the accounting view and the purchasing view.
12. How is Bank Reconciliation handled in SAP?
The bank typically follows the below procedure: First, the payment made to a Vendor is posted to an interim bank clearing account. Subsequently, while performing reconciliation, an entry is posted to the Main Bank account. Bank reconciliation can be done either by manually or electronically.
13. What is a full form of SPRO & mg
Sap reference project object. And implementation guide.
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Author:-
Priyanka Jubre
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