Interview Questions.

Question 1. What Is Gts In Sap?

Answer :

The device for Global Trade Services (GTS) lets you automate your worldwide alternate transactions, manage huge numbers of business companions and files, and ensure that your enterprise usually complies with constantly changing international felony guidelines.

Question 2. Compare Ecc Foreign Trade Vs Sap Global Trade Services (gts)?

Answer :

Comparison of ECC Foreign Trade Vs SAP Global Trade Services (GTS):

SD Foreign Trade vs. SAP Global Trade Services (GTS)

Since the commercial enterprise systems are getting more complex and markets becoming extra global nowadays the necessity of managing overseas trade of a commercial enterprise is swiftly gaining significance. SAP Foreign Trade and/or SAP Global Trade Services (GTS) affords the tools you need to
compete efficaciously in nowadays’s market. This allows you to:

Manage import and export approaches, integrating them efficiently into the Supply Chain.
Automatically perceive licensing requirements for importing and exporting items based totally on cutting-edge rules.
Simplify reporting with automatic approaches for growing, printing and submitting declarations to the customs government. 
Determine which of your merchandise qualify for Preference managing.
Provide an lively interface for sending information via the world over to be had EDI systems and different electronic media.
Update or trade statistics in all applicable foreign alternate files at any time prior to the very last goods difficulty.
Foreign Trade in ECC and SAP Global Trade Services (GTS) components are tightly included with Materials Management (MM) for managing Imports and Sales and Distribution (SD) for handling Exports. In the location of documentary payments it's also included carefully with the Financial Accounting application.

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Question 3. Explain Compliance Management?

Answer :

Compliance Management contains features referring to import and export manipulate regulations. This feature allows you to screen procedures that are subject to licensing requirements and to conform with worldwide criminal rules which save you and/or limit trade with individuals, businesses and character nations.

Three fundamental regions of Compliance Management are:

Sanctioned birthday party list screening
Legal manipulate – export (together with embargo checking and license control)
Legal manage – import (which includes embargo checking and license control)
Question 4. Explain Customs Management?

Answer :

Customs Management : Customs Management lets in you to standardize and automate import and export procedures with customs government. Communication to the customs government can be done via the alternate of digital messages, in addition to the printing of the important paperwork. This simplifies and hastens customs clearance and management.

The important areas are:

Transit method
Import and Export Management
Product Classification
Printing change files
Excise Duty Monitoring
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Question five. Explain About The Risk Management Function In Sap Gts?

Answer :

Risk Management is used for Letter of Credit processing, desire dedication and the management of Long Term Vendor Declarations. Allowing you to minimize the economic chance associated with global alternate activities.

The following services are available:

Preference processing
Letter of credit score processing
Restitution
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Question 6. Explain About The Electronic Compliance Reporting Function Is Sap Gts?

Answer :

Electronic Compliance Reporting : ECR allows the regular trouble of Intrastat declarations to the authorities for Intra-European exchange between  EU member states. The relevant facts is gathered from the logistics methods, after which sent to your country wide records government periodically.

Question 7. What Are The Advantages Of Using Sap Gts?

Answer :

The primary advantages of the use of SAP GTS are

Saving the time via automated approaches
Expenditure discount
Less human paintings worried
Automatic checking the compliance violation and banned dealers
Can keep the organisation emblem and accept as true with by means of fending off the fines and consequences
Fast exchange processing and consumer delight
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Question 8. What Are The Things Can Be Achieved By Using Sap Gts?

Answer :

These are a number of the matters that can be done with the assist of an automated GTS platform:

Reduced risks of change penalties and fines.
Cost manage throughout export tactics.
Boost in productivity and streamlining of all change strategies for advanced global operations.
Elimination of all of the guide obligations with the assist of automatic gear. Correspondingly, the time related to those manual responsibilities is also eliminated.
Seamless and dependable integration through all move border supply chains.
Reduced delays with reference to inbound and outbound custom clearance.
Better client pride and safety of the agency’s logo call.
Reliable gauging of the credibility of worldwide customers.
The GTS platform offers ok gear for Compliance Management, Risk Management and Customs Management. All the duties and procedures which might be a part of these modules are looked after successfully.
Question nine. What Is Relation Between R/three And Sap Gts ?

Answer :

SAP R/3 is the former call of the company useful resource making plans software program produced by means of SAP AG. 

It is an enterprise-huge facts gadget designed to coordinate all of the assets, statistics, and activities wanted to finish enterprise procedures along with order achievement or billing. 

SAP R/3 became organized into wonderful functional modules, protecting the everyday features in region in an employer. 

The most broadly used modules have been Financial s and Controlling (FICO), Human Resources (HR), Materials Management (MM), Sales & Distribution (SD), and Production Planning (PP). 

Each module treated precise commercial enterprise responsibilities on its very own, however changed into connected to the others where relevant. 

For example, an invoice from the billing transaction of Sales & Distribution might bypass thru to accounting, where it'll appear in bills receivable and value of products offered.

SAP normally centered on high-quality exercise methodologies for riding its software program approaches, but greater currently increased into vertical markets. 

In these conditions, SAP produced specialized modules (known as IS or Industry Specific) geared in the direction of a selected marketplace segment, consisting of utilities or retail. 

SAP ABAP Interview Questions
Question 10. What Are The Po Types In Purchasing And Invoices In Ap?

Answer :

Here are mainly four forms of PO’s are there:

Standard PO
Blanket PO
Contract PO
Planned PO
Coming to the bill there are exclusive kind of invoice as referred to under:

Standard bill
Po default invoice
Credit memo bill
Debit memo bill
Prepayment invoice
Mixed Invoice
Expense document bill
In different ways there are one another bill is Recurring invoices.

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Question 11. What Are The Functionalities Involved In Sap Gts?

Answer :

The functionalities worried in SAP GTS are

Compliance Management: For test global exchange compliance problems
Customs Management: Deals with customs-relevant transactions
Risk Management: To decrease the risks involved with monetary transactions.
Electronic Compliance Reporting: For submitting the reports for intra-European change
System Administration: Deals with settings and tracking of the GTS feeder system.
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Question 12. What Are The Major Components Of Sap Gts?

Answer :

The GTS consist 4 principal components:

SAP Compliance Management : With SAP Compliance Management you can reveal all transactions of import and export of goods, and so follow the legacy laws the complete procedure chain without any gaps. A relevant secret is the observance of boycott lists, embargo checks, and import and export controls, that may all fully included into an already existing structures.

SAP Customs Management : Customs related tactics are handled by the SAP Customs Management, what is licensed through the Customs. Key factors are the product type, customs valuation, the print out of foreign alternate documents and no longer least the IT-based customs clearance, using a electronic verbal exchange with the customs. The digital ATLAS machine (automatic tarif and nearby customs gadget), as well the european transit system NCTS (new computerised transit machine) are supported via SAP GTS. This is for all exporting organizations even extra essential, because using ATLAS is obligatory considering 01.07.2009 in Germany!

But even extra automatic customs clearance systems in Europe, USA and Australia are supported by using SAP GTS and has been licensed already.

SAP Risk Management : With SAP Risk Management the finacial dangers for the organisation can be minimized. The use and dealing with of preferences (which includes choice calculation), export refunds, letter of credit for import and export business are supported through SAP GTS.

SAP Electronic Compliance Reporting : With SAP Electronic Compliance Reporting the GTS helps the statistical reports to the authorities, which have to be introduced for an inner ecu trade. Depending for the united states's authorithy, the facts are provided according to their certain information formats

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Question 13. What Is The Difference Between (a/c Payable / Receivable ) And ( Bills Payable / Receivable )?

Answer :

Accounts Payable – Amounts payable to the Suppliers/Vendors/Creditors. The accounting institution also can be referred to as as Sundry Creditors. This is Current Liability.
Accounts Receivable – Amounts receivable from the Customers/Debtors. The accounting institution also can be known as as Sundry Debtors. This is Current Asset.
Bills Payable – Bills of Exchange drawn with the aid of Creditors/Suppliers on the agency and is a Current Liability.
Bills Receivable – Bills of Exchange drawn via a company on its Customers/Debtors and is a Current Asset.
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Question 14. What Are The Benefits Of Sap Gts?

Answer :

Benefits of SAP GTS:

Ensure vigilant compliance with trade policies
Mitigate risks of big fines and consequences
Avoid high priced cargo delays at borders and customs
Quick implementation
Lower IT protection prices
Faster Communication with customs
Lot of return of funding
Question 15. What Are The Reports Available To Evaluate And Analyze Data For Any Of The Services In Sap Gtc?

Answer :

Using the subsequent reviews that are available, you may examine and examine facts for any of the offerings you use in SAP GTS:

Imports :

Imports via product
Imports by way of usa
Import evaluation
Imports by office of entry or destination
Comparison of imports among transit and customs processing document items
Exports :

Exports via product
Exports by country
Export evaluation
Export by using customs workplace
Comparison of exports among transit and customs record objects
Cross-vicinity

Savings from bonded warehouse
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