You can answer the number tickets/issues raised and routed to you for solution
In your career, have you face any critical ticket?
What is that ? Can explain?
Explain any critical issue faced.
What is difference between company code & business
area?
Company Code and Business area are the Organizational
units in FI. But Company Code is a must where as Business area is optional.
Company code is the Org. unit under which all the activities of the finance
takes place where as the Bus. Area can cut across company codes.Company
code is a legal entity and the books of accounts are maintained at this
level.
What is enterprise structure of your client?
Explain the ES of your client, the structure of the company
and the organizational units defined under the client
What is the use of "Relevant cash flow check box?
This check box in the GL account helps u to take the
account for cash flow analysis
After run the depreciation. can you reverse of that
transcation?
Yes, it is possible
While transcation entry you are given the cost center
& internal order so, where it will be effected -- both or one?
The posting goes to Internal Order and from there the
settlement goes to the Cost Center. The Cost Center gets only the Statistical
Posting. We can have any number of statistical Postings, but only one real
posting to the CO object
Can you forward the controlling number ranges to next
year?
Yes, we can continue the existing number ranges
What is valuation class ? Can you change the valuation
class after transcation posting?
The materials are assigned to valuation class through
the account determination happens
How many GR/IR a/c's are created?
They are provision accounts, and the balance becomes
zero after the completion of the cycle. This is done in order to care of
the good /invoice received in advanceov vice versa
How many retained earning a/c's are created?
Generally we have one retained earnings account. We can
also have more than one also. This is usually done for having different
financial statements based on the depreciation areas for tax, Costing etc.
*-- Jaggu
What is the significance of Posting Key? (OB41)
Ans: Posting key is a two charecter numberical key, which controls the entry of line items. It specifies the accounting area to which an account belongs to. ex: Customer, Vendor or GL etc, It controls Field Satus (Supress, Recquired and Optional) It also controls its reverse posting key also.
In summary, the Posting Key has control functions within
the line items. It controls:
i) On which type of account the line item can be
posted to
ii) If the item is posted as a debit or credit
iii) The field status of additional details
What is the use of Account Groups in GL?
Account Group Controls the Master records. It controls the number range of Master record and Field status group (Supress, Required, Optional and Display) also. SAP follows a Grouping principle all throughout SAP to handle the Master Records that may be in GL, AR AP any thing. See to create a GL Account group you define at OBD4 there itself you assign the Number Range or those groups which also controls Field Staus of GL Master Records. And for Creating AR and AP Master Records you create at OBD2 and Vendor at OBD3 which will also controls Field Status Group of And Number range of Master record. The only difference between GL and AR/AP is assigning of number range. For GL will specify at OBD4 itself but for AR/AP we need to create a number range at FBN1 then assign to AR And AP at OBD2 and OBD3 respectively.
One more thing. Remember only Field Status group of Master recard (OBD2, OBD3, OBD4) only contain Display option but not to Posting Key or Field Satus Group (OB41 or OBC4). I am so specifing becoz I commited this mistake in one interview. *-- Satish
In summary, the account group controls:
i) The number ranges of the accounts,
ii) The status of the fields in the company code segment
of the master record. Since a chart of accounts contains many different
types of accounts, they can be bundled into different "account groups ".
Usually one account group bundles
accounts with the same tasks within the general ledger,
e. g. cash accounts, material accounts, asset accounts, profit and loss
accounts,...
Give a summary of Product Costing?
The purpose of Product costing planning is to arrive the
total planned cost of the product. It is integrated with the following
modules in arriving the Product cost and supplies the information to other
modules
1. MM to arrive at the raw material and semifinished
goods cost based on the price indicator in Material master record.
2. PP to arrive at the cost of Operations required for
producing the Finished product with the planning based in Cost Center Accounting.
3. SD to pass the information of COGS to COPA based on
the Value fields linked to condition types.
Two manfacturing scenarios are there in production one is Repetitive manfacturing (e.g Pharma industry) costing type is Product cost by period and Discreet manfacturing (Order based industry) costing type is Product cost by period.
