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SAP FICO is a core SAP module that covers the financial and reporting segments of a business. It consists of the interrelated component modules-FI (Financials) and CO (Controlling) with an extensive set of sub-modules that cover every aspect of the financial and managerial accounting for both external and internal reporting. Skilled FICO Technical and Functional Consultants are in very high demand as enterprises world over have been moving to SAP as a single solution for their business needs. As financial management forms the very basis for any business, SAP FICO has seen a consistent increase in its implementation with a very high demand for FICO professionals. Garuda Trainings has come out with a comprehensive online training course in SAP FICO to give our students the much needed advantage in this highly competitive and sought after segment of the ERP industry.Online SAP FICO Course Contents: FICO is an integration of two modules FI and CO and the below curriculum has been segmented accordingly.Contents1) An Introduction to SAP2) The FI module and its architecture3) General Ledger Accounting4) Fixed Assets sub-module5) The Account Receivables sub-module6) The Accounts Payable sub-module7) Integration with other SAP modules and business implementation and deployment8) The CO module and its architecture, interaction with the FI and other SAP modules9) Cost centres and profit centres accounting10) Internal orders and profitability11) Product costing and activity based costingWhy Choose Us: Our online course in SAP FICO gives you a perfect flexibility of pursing the course within your existing schedule as you can opt from weekend or weekday batches as per your convenience. The training resources are prepared by experts with rich experience in SAP implementations. All modules are led by trainers and are interactive with a recording ability for future use and access. We offer a 24/7 access to training resources and technical support and give you a perfect quality training course with an extra emphasis on practical exposure to real-time implementation scenarios and live projects.The Complete Advantage: We endeavour to give you a perfect career as a SAP FICO consultant and our online training course also includes the advantage of placement assistance through our industry network. To help our users easily clear the interview evaluation, we offer an extensive collection of in-depth interview questionnaires along with tips of effectively writing resumes. Choose us to get the perfect advantage in your career as an SAP FICO consultant.Register For Free Demo:www.Garudatrainings.comPh No:5088416144Email Us:[email protected]
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SAP FICO Interview Questions By
www.Garudatrainings.comPh No :+1-508-841-6144
What is the difference between updated project and end to end project.?Some organisations select to implement SAP
module by module, thus gets updated as per their convenience / schedule. This is called as updated project.
Some organisations simply plan all integrated functional modules and decide to go-live with all functional modules and take their entire operations on SAP. This is called as End to End SAP implementation project.
What is Ranking order in automatic payment programme ?Its the priority assigned to each house bank
which helps Automatic Payement program choose the house bank for payment in case there are more than one bank satisfying the payment program.
If a payment program ends up selecting more than one(say 4) bank for payment, the ranking of the banks helps it select one bank from the list of (say 4) selected banks.
What is SAP APO?SAP APO stands for Advanced Planner and
Optimizer, which is one area of SCM and application component of MySAP product. Its is designed to provide solutions for companies in Demand planning, network design, supply network planning, production planning and global available to promise, transportation and scheduling
How is bank reconciliation handled in SAP? The following are the steps for BRS: 1. Create Bank Master Data - This can be created through T.Code FI01 or you can
also create the house bank through IMG/FA/Bank accounting/Bank account 2. Define House Bank 3. Set up Bank selection payment programe- IMG/FA/ARAP/BT/AUTOIP/PM/Bank
selection for payment prg. a. setup all co codes for payment transaction - Customer and vendors b.setup paying co codes for payment transactions c.setup payment method per country d.setup payment method per co code for payment transaction e.setup bank determination for payment transaction Please go for Cheque mangement using T code FCHI
(IMG/FA/ARAP/BT/OP/AutoOp/PaymentMedia/CheckManagement) and for void reasons FCHV.
You can create Bank Reconcilliation statement by TC FF67 (SAP/AC/Treasury/CashManagement/Incomings/ManualBankStatement) . Don't forget to keep the opening Balance as zero. Use FBEA for post process.
All the steps together will lead to (FF67) Bank reconciliation statement.
How do you configure electronic bank statement?1. Create account symbols2. Create gl accounts ans assign t account
symbols3. Create posting keys:4. Posting rules5. Assign external transactions
How do you configure manual bank statement?configuration is required during electronic
bank statment not in mannual bank stament. In mannual bank statment you just have to enter the data on screen and save it.
What are the manufacturing cost of a producting?Materail cost + Productions cost =
Manufacturing cost
What is the difference between stock transfer between two plants belongs to same company code and to that of different company code?In 1st case it is called as intracompany stock
transfer and the 2nd case is inter company stock transfer
Stock Transfer between plants of same compnay code only includes inventory movement without any pricing and so called Stock Transfer Order where Stock Transfer between plants of different company code is same as a purchase order as along with the inventory there is also accounts transfer (pricing) involved.
In real time, How listing and exclusion is used ?Listing and exclusion is used in chemical and
pharma industries for ex:-Particular customer is not having a valid licence of selling some chemical/Medicines and he is ordering the same. in this case listing and exclusion is usefull
What is the schema you use in Time Management?
Schema : TC00
What is the work relation between SAP-MM, SD and fi/co modules? SAP is the integration of all the modules and
the topics are very relavent to each other because basically its management skillsetgroup. From manufacturing the product/goods/services to reaching the customer. All the transaction process is depending on sales area, sales doc, item proposals, shipping, delivery and billing.
In SAP-HR, What is the landscape of your project?
Landscape in SAP consists the following: 1. IDES = Training Server2. Development Server* Configuration (200 client)* Sandbox (210 client)* Data Change (220 client)3. Quality Server* Standby (300 client)* Testing (310 client)4. Production Server* Pre-Production (400 client)* Real Production (500 client)
What is the role of abapers? What is the Work Bench?
Abaper is a application programmer who retrives the data from the database and show it to the end-user with the help of report..out of three layers of SAP the abaper position is on Application Layer in which SAP programs are develop and then transported to the Production server...
Workbench... The ABAP Workbench contains several tools that allow you to edit specific repository objects. like ABAP Editor , Menu PAinter etc...
How to integrate MM With Fico?By using transaction code OBYC we can get
the details of MM, Fico integration.Go to IMG settings in Financial accounting
and do the configuration for MM-FI settingsValue from MM to FI is defined in OBYC…. on
the material master the flow of values are assigned on the Costing, Accounting, etc tabs where the system helps to post the necessary stock values into the appropriate GL accounts. Helps to determine, the GL accounts updated when there is a movement of goods.
How to create Tax Calculation Procedure?Tax calculation procedures based on the
countries depended. one country is using deferent of tax procedures. We are creating new country also and at what type calculation procedures presenrt is running on the countryand it is assighned which country used.
Tax calculation procedures based on the countrywise using . and which country is used at what percent and it is used on the country. We are creating new country also at what percent it is used and it is assighned to using of this country.
What is the difference between business area and profit center?1:Business area is where the total business is valuated as
a whole 1:Whereas Profit centre is an area where the
company/work place allows the outside agency to use its machinery for external profits (eq: A CNC machiine which can run 24 hrs a day is utilised in our company for 15 hrs and the balance 9 hrs is let out for addition to the company's profit) is known as Profit Centre.
2:Business area is related term to FI module and Profit centre is related to CO module. One business area can have one or more profit centres.
3:Business area is gared on external accounting where as profit centers are used for internal accounting purposes
What is Legaccy System Migration Workbench? How it can be carried out in SAP SD?LSMW is widely used by EDI programmers.
EDI Programmers connect the SAP system to Non SAP system. During this Data migration is a necessity. When data migrates from source to destination the destination code is differrent from the source code. So what LSMW does is * Converts the data in to batch files* Then converts the batch files in to source code batch files * And then mirgates data. Standard Interfaces like BAPI or Idoc are used in this process.
What is the difference between the stock transfer between two plants belonging to same company code and those belonging to different company code?A stock transfer from plant to plant generally takes place within a
company code. It can, however, also take place between two company codes, if the plants are assigned to different valuation areas, which belong to different company codes.
Unlike a stock transfer from storage location to storage location, a stock transfer from plant to plant affects both accounting and Materials Planning, as follows:
* AccountingAccounting is affected if both plants are assigned to different valuation
areas. This means that a stock transfer leads not only to a quantity update but also to a value update (stock value, G/L accounts). Thus, parallel to the material document for stock transfer, an accounting document is created.
* Materials PlanningMaterials Planning is affected because a change of plant stock is taken
into account by Materials Planning.
What are the fields in purchasing view?- RFQ/Quotation- Purchase requisition-
Purchase order- Master data (Info record, Source list, Conditions, Vendors etc.)v - Outline agreements
How do you create movement types? What are the steps involved? When will you recommend a new movement typeA movement type can be created using T
code OMJJ. Copying an existing movement type and modifying the field contents can create a new movement type.
The SAP system is delivered with some pre-defined movement types from 100 to 899. 900 onwards can be used for customized movement types.
What is meant by access sequence? When it is used? Condition type has an access sequence
assigned to it which determines which tables to access for data and in what sequence. This has a sequence of table based on the most specific to most generic. It can be used for any new condition type creation.
What are the types of special stocks available? Consignment stock - vendor- Components
provided to vendor- Project stock- Consignment stock – customer- Pipeline material- Orders on hand
What are the steps involved in consignment cycle? Consignment cycle is similar to a standard
purchase cycle. The difference it that no accounting document is created at the time of goods receipts only QTY is updated. It is settled once the same is utilized.
How is scrap accounted in subcontracting? The scrap or the process loss can be adjusted
while doing a quality inspection of the material received after subcontracting.
What is the difference between a contract and a scheduling agreement? A scheduling agreement can be made for
Consignment, Subcontracting and stock transfer. A contract, also known as a blanket PO, can be made for standard items and can be restricted to a Value or QTY.
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