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  • Thefico.weebly.com

    SAP FI/CO InterviewQuestions, Answers,and Explanations

    Stuart Lee

  • Thefico.weebly.com

    2006 Equity Press all rights reserved.

    ISBN 1-933804-10-6

    All rights reserved. No part of this publication may bereproduced, stored in a retrieval system, or transmitted inany form or by any means, electronic, mechanical,photocopying, recording or otherwise, without either theprior written permission of the publisher or a licensepermitting restricted copying in the United States orabroad.

    The programs in this book have been included forinstructional value only. They have been tested with carebut are not guaranteed for any particular purpose. Thepublisher does not offer any warranties or representationsnot does it accept any liabilities with respect to theprograms.

    Trademark notices

    SAP, SAP EBP, SAP SRM, Netweaver, and SAP NewDimension are registered trademarks of SAP AG. Thispublisher gratefully acknowledges SAP permission to useits trademark in this public ation. SAP AG is not thepublisher of this book and is not responsible for it underany aspect of the law.

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    TABLE OF CONTENTSTABLE OF CONTENTS............................................... 3

    Part I: Accounts Payable (AP) ..........................7Question 1: Additional Log ........................................ 8Question 2: Master Data ............................................ 9Question 3: Payment Terms ....................................10Question 4: Baseline Date .........................................10Question 5: One Time Vendor ..................................11Question 6: AP Vendor Group .................................. 12Question 7: Payment Run ......................................... 13Question 8: Payment Methods................................. 14Question 9: Electronic Banking ............................... 16

    Part II: Accounts Receivable (AR) ................. 17Question 10 : Residual Payments............................. 18Question 11 : Correspondence Types...................... 19Question 12: Dunning ...............................................20Question 13 : Reason Codes ...................................... 21

    Part III: Document Postings ..........................22Question 14: Rate factors .........................................23Question 15: Parking Documents............................24Question 16: Document Currency ...........................25Question 17: Substitution Rules ..............................26Question 18: Exchange Rate Types......................... 27Question 19: Calculated Rate v Header Rate.........28Question 20: Foreign Currency ...............................29Question 21: FB50 vs. FB01......................................29Question 22: Validation Rules.................................30Question 23: Internal Number Assignment ........... 31

    Part IV: General Ledger .................................32Question 24: Transporting Tax Codes....................33Question 25: GR/IR Clearing ..................................34Question 26: Account Type Field ............................35

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    Question 27: Alternative Account ...........................36Question 28: GL Views ............................................. 37Question 29: Sort Key ...............................................38Question 30: Fiscal Year Variant .............................39Question 31: Special Periods....................................40Question 32: GL Status Groups............................... 41Question 33: Recurring Entries...............................42Question 34: Currency Revaluation........................43Question 35: Account Clearing ................................44

    Part V: Controlling (CO) ................................ 45Question 36: Disposing Assets ................................46Question 37: Account Assignment Models ............46Question 38: CO-PCA ............................................... 47Question 39: Value Field ..........................................48Question 40: Characteristic Field ...........................48Question 41: COPA Basis..........................................49Question 42: Operating Concern .............................50Question 43: Internal Orders ..................................50Question 44: Settlement Receivers.........................52Question 45: Performance Issues ............................53Question 46 : Internal Order Controls ....................54Question 47: Assessment vs. Distribution..............55Question 48: Reconciliation Ledger .......................56Question 49: Freeze Data......................................... 57Question 50: Statistical Key Figures.......................58

    Part VI: Fixed Assets (FA) ............................. 59Question 51: Fixed asset reconciliation ..................60Question 52: Acquisition Costs ............................... 61Question 53: Sub assets.............................................62Question 54: Asset Under Construction ................63Question 55: Evaluation Groups .............................64Question 56: Fixed Asset Depreciation...................65Question 57: Smoothing and Catchup ....................66

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  • Thefico.weebly.comSAP FI/CO Interview Questions

    Part VI: Org Structure & Module Integration67Question 58: FI Global Settings ...............................68Question 59: Financial Statement ..........................68Question 60: New Company Code ..........................69Question 61: Chart of Accounts ...............................70Question 62: What is stored in table T001 ? .......... 72Question 63: Company Code ................................... 72Question 64: SD and AR........................................... 73Question 65: MM and AP......................................... 74Question 66: Batch Input .......................................... 75Question 67: Commitment Line Items................... 76Question 68: Special Purpose Ledger ..................... 77Question 69: Using Special Purpose Ledger .......... 78Question 70: BSEG, BKPF, GLTO........................... 79Question 71: COEP, CSKA, CE1XXXX ...................80Question72 : LSMW................................................... 81Question 73: Credit Checks.......................................82Question 74: Report Painter .....................................84Question 75: User Exits............................................85

    Part II: Table & Transaction Code Reference........................................................................86

    Table List..................................................................... 87Transaction Code List................................................90INDEX.........................................................................117

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  • Thefico.weebly.comSAP FI/CO Interview Questions

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  • Thefico.weebly.comSAP FI/CO Interview Questions

    Part I: AccountsPayable (AP)

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  • Thefico.weebly.comSAP FI/CO Interview Questions

    Question 1: Additional Log

    What is the additional log in the AP payment program andhow can it be used for troubleshooting ?

    A:The additional log is an important setting whenperforming a payment run. The amount of informationstored in the log can be selected (see below).

    If there are any errors with the payments run, due to eithermissing or incorrect master data settings, negativebalances due to credit memos etc, the system will reportthese in the additional log.

    Support position interviews often ask this question as away of determining if you know how to troubleshoot day-to-day Accounts Payable operations.

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  • Thefico.weebly.comSAP FI/CO Interview Questions

    Question 2: Master Data

    How can you link customer and vendor master records andwhat is the purpose of doing so ?

    A:On the customer master there is a field vendor andlikewise on the vendor master there is a field customer.By entering these master data numbers, a link can becreated between the AP/AR subledgers for use in thepayment program, dunning routine and the clearing ofopen items.

    For example in the payment program, if a specific businesspartner is your vendor but also your customer, linking theirmaster records together will allow the open AR invoices tobe offset against the outstanding AP invoices.

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  • Thefico.weebly.comSAP FI/CO Interview Questions

    Question 3: Payment Terms

    What are terms of payments and where are they stored ?

    A:Payment terms are created in configuration anddetermine the payment due date for customer/vendorinvoices.

    They are stored on the customer/vendor master record andare pulled through onto the customer/vendor invoicepostings. The due date derived via the payment can bechanged on each individual invoice if required

    Question 4: Baseline Date

    What is meant by a baseline date in SAP AR and AP ?

    A:The baseline date is the date from which the paymentterms (specified in IMG transaction OBB) apply

    Usually this is the document date on the invoice but canalso be the date of entry or posting date from the ledger

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  • Thefico.weebly.comSAP FI/CO Interview Questions

    Question 5: One Time Vendor

    What are one-time vendors ?

    A:In certain industries (especially where there are a highvolume of cash transactions), it is not practical to createnew master records for every vendor trading partner.

    One-time vendors allow for a dummy vendor code to beused on invoic e entry and the information which isnormally stored in the vendor master (payment terms,address etc) , is keyed on the invoice itself.

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