The SAP FICO Handbook: 60+ Interview FAQ Explained with Learn AnyOne

The SAP FICO Handbook: 60+ Interview Questions Explained

1. Enterprise Structure & Organisation (p. 5)

• Q1. What is enterprise structure, and what does it comprise? (5)
• Q2. How are controlling areas and company codes related? (5)
• Q3. A company has 4 branches and one factory. How do you start configuring? (5)
• Q4. Is the bank master key created at client level or company code level? (5)
• Q5. What does the definition of a chart of accounts contain? (5)
• Q6. What is an internal number range? What are its advantages and risks? (6)
• Q7. What is the difference between Business Area, Profit Center and Profitability Segment? (6)
• Q8. What is the difference between a Profit Center and a Business Area? (6)
• Q9. What are the disadvantages of using Business Area? (6)
• Q10. Is a Profit Center created before a Cost Center in CO? Why? (7)

2. General Ledger & Financial Accounting (p. 8)

• Q11. What are alternative G/L accounts? (8)
• Q12. What are the entry date, document date, posting date, value date and next run date? (8)
• Q13. What does the document header control? (8)
• Q14. How is the due date of a document calculated? (8)
• Q15. Can a document parked in one fiscal year be posted in the next fiscal year? (8)
• Q16. What is the T-code for transferring G/L balances from one fiscal year to another? (9)
• Q17. What is a sub ledger, and how is it linked to the G/L? (9)
• Q18. What is a subsidiary ledger? (9)
• Q19. What is document flow, and in which table is it stored? (9)
• Q20. How do you reverse a cleared item in order to repost it? (9)
• Q21. How do you customise bank charges? (9)
• Q22. How do you copy G/L accounts from one company code to another? (10)
• Q23. What are the journal entries when a customer check is received, deposited and cleared? What if it is dishonoured? (10)

3. Accounts Payable & Accounts Receivable (p. 11)

• Q24. What is an IBAN in SAP and what is it used for? (11)
• Q25. How can we block a particular payment for a particular vendor? (11)
• Q26. I ran APP and printed the check, then found a wrong payment. What can I do? (11)
• Q27. Can a dunning procedure be assigned for both a parent company and a sister company that share vendors and customers? (11)
• Q28. If a customer is also a vendor, how do you customise this? (11)
• Q29. What is Free Selection in F110? (12)
• Q30. Which dates are considered while running a payment run? (12)
• Q31. What are dunning levels 0 to 9? (12)
• Q32. How do you print a single check per vendor in the APP run? (12)
• Q33. How do you make an advance payment to a vendor through APP? (12)
• Q34. Which payment method (residual or partial) should be used to clear a customer who paid late and is charged interest? (12)
• Q35. Can two G/L accounts be cleared against each other? (12)

4. Taxes (p. 13)

• Q36. What are the T-codes for calculating the tax procedure and assigning it to the country of the company code? (13)
• Q37. What data is required for automatic account determination for tax amounts? (13)
• Q38. Can two company codes with the same chart of accounts and a common tax code use different G/L accounts for that tax code? (13)
• Q39. What documents are required for a sale in relation to sales tax? (“Born in sale”) (13)
• Q40. How are withholding tax types and codes defined for the changeover to extended withholding tax? (13)

5. Asset Accounting (FI-AA) (p. 15)

• Q41. How do you upload asset balances in the middle of the year from a legacy system? (15)
• Q42. What is the difference between depreciation and accumulated depreciation? What is the journal entry? (15)
• Q43. What are acquisition and production costs? (15)
• Q44. One asset needs depreciation for 2 shifts in the first 6 months and 3 shifts in the second 6 months. How is this configured? (16)

6. Controlling (CO) (p. 17)

• Q45. How do you find the G/L accounts related to a cost center? (17)
• Q46. What are the disadvantages of Distribution in Controlling? (17)
• Q47. What are activity types? (17)
• Q48. What are statistical key figures? (17)
• Q49. How does activity type planning work? (17)
• Q50. How do you maintain number ranges for CO documents? (18)

7. Procure-to-Pay & Order-to-Cash (p. 19)

• Q51. What is the purchase life cycle and what are its accounting entries? (19)
• Q52. What is GR/IR clearing? Can this account be avoided? What is the process? (19)
• Q53. Can we create a PO for multiple vendors? (19)
• Q54. What do Procure-to-Pay and Order-to-Cash mean? (19)

8. Technical, Basis & ABAP (p. 20)

• Q55. Which T-code shows the SAP error message list? (20)
• Q56. How does a ticket (run-time problem) reach a junior support consultant, and on which server is it solved? (20)
• Q57. How can an organisational structure created in one non-SAP system be transferred to another system? (20)
• Q58. Which authorisation objects are always present in the user master record? (20)
• Q59. What is the system field SY-LOOPC and when is it used? (20)
• Q60. Why are BDC_CURSOR and GET CURSOR used? (20)
• Q61. What is a search help exit? (21)
• Q62. What is version management? (21)