#sap fico interview questions

#SAP FI Interview Questions Answers

This documentation covers the details of some SAP FI Interview Questions Answers

What is the difference between company and company code?

A company is the organizational unit used in the legal consolidation

module to roll up financial statements of several company codes.

The Company Code is the smallest organizational. unit for which a

COA must be aasigned to a company code. This COA is the operative COA

and is used in both FI and CO. One Chart of Account can be assigned to

many Company codes i.e. Multiple company codes can either share the

same or have separate COA. But a company code (Country specific Company

code or International Company code) can have a country specific COA

also along with Operative COA. The link between the regular COA and the

country COA appears in the alternate number field of the G/L master

Eg: If a company s subdidiaries are located in both US

Mexico. We need to configure 2 Company codes one for US and

another for Mexico,for eg U100 and M100. The same way we create 2 COA s

one for US one for Mexico, USCA and MXCA. Mexico has different

govt reporting requirements than the US so we will need to define a

company code specific to Country Mexico and also create a country

specific COA to be used, in addition to normal COA. In tcode OBY6(Comp

Code Global Parameters) of CC M100 we define normal COA i.e.,USCA in

Chart of Accounts field and MXCA in Country Chart/Accts field.

What are substitutions and validations? What is the precedent?

Validations are used to check settings and return a message if the prerequisite check condition is met.

Substitutions are similar to validations; they actually replace and

fill in field values behind the scenes without the user s knowledge

What are posting periods?

Answer:

The difference in the depreciation that is posted already, and what

should be posted with historical effect will be posted in the current

accounting period.

Q.6 How many chart of accounts can be

assigned to company code we can assign company code to chart of account

through OB62? Now my question is in what way we can assign three types

of chart of account to company code in one transaction code (I might be

wrong plz correct me)

Answer: Three, although the group and country chart of accounts are optional. The group chart of accounts is assigned to the

MAINTAIN TOLERANCE LIMITS FOR TOLERANCE KEY PE ACCOUNT ASSIGNMENT