Interview Questions.

Q1. What Is A Financial Statement Version?

An FSV  is a reporting tool and can be used to depict the manner wherein the very last money owed like Profit and Loss account  and Balance sheet needs to be extracted from SAP. It is freely definable and multiple TV’s can be described for producing the output for diverse outside businesses like Banks and different statutory authorities.

Q2. Describe Number Range Interval?

The ‘account group’ determines which ‘Screen Layout’ have to be used even as developing a GL account grasp document. For every of the account agencies, you may outline special screen layouts, which essentially decide the ‘Field Status’ of a area.

The area popularity refers to whether or not the sector is:

Suppressed (discipline is invisible, hidden from show)

Required (show on, entry mandatory)

Optional (show on, access not mandatory)

All the above three are shown as ‘radio buttons’ against each of the fields inside the display format, and you need to choose anybody to set the repute to that area; with the aid of default all the fields are ‘suppressed.’

There are two levels of controls of subject repute:

Field reputation at the account institution stage

Field reputation at the activity (create/alternate/show) level (i.E., on the transaction level).

You might also have the field popularity described for posting keys (40-debit and 50-credit for the GL account postings). Also bear in mind to define the sector popularity for ‘reconciliation accounts’ as you will now not be capable of outline such a repute within the sub ledger accounts (as an example, consumer or dealer).

SAP has integrated policies, referred to as hyperlink rules, to link these two tiers and to determine the very last reputation of a area in the ‘screen layout.’ The link policies also assist to conquer the field-reputation setting differences springing up out of various settings on the Client stage (field reputation for posting keys) and the Company Code level (discipline popularity settings on the account organization stage).

Q3. Is It Possible To Default Certain Values For Particular Fields?

Yes it is viable to default for positive fields in which a parameter identity is gift. Go to the enter subject to that you need to make defaults. Press F1, and then click on Technical data button, This opens a window that displays the corresponding parameter ID(if one has been allocated to the sector) in the field data section. Enter this parameter ID the usage of following path on SAP

Easy access display screen device > User profile>Own information.

Click on parameter tab. Enter the parameter ID code and enter the value you require to default. Save the consumer Settings.

Q4. What Are The Customizing Prerequisites For Document Clearing?

Account should be controlled at the open item management. This tick is there within the General Ledger Master Record referred to as open Item Management. It lets you manage your debts in terms of cleared and uncleared objects. A standard instance could be GR/IR Account in SAP (Goods Received/Invoice Received Account).

Q5. Is Business Area At Company Code Level?

No. Business vicinity is at patron level. Which means other Company Codes also can publish to the equal Business location.

Q6. Give Some Examples Of Gl Accounts That Should Be Posted Automatically Through The System And How Is This Defined In The System?

Stock and Consumption money owed are instances of GL money owed that have to be automatically published to. In the GL account grasp document, a check container exists in which automated posting choice is chosen called “Post Automatic handiest”.

Q7. Explain The Importance Of The Gr/ir Clearing Account?

GR/IR is an intervening time account. In legacy machine if the products are received and the invoices is not obtained the provision is made, in SAP on the Goods receipt it passes the accounting access debiting the Inventory and Crediting the GR/IR Account. Subsequently when an bill is recd this GR/IR account is debited and the Vendor account is credited. That way till the time that the bill isn't always obtained the GR/IR is shown as uncleared gadgets.

Q8. What Is A Field Status Group?

Field fame corporations control the fields which come up when the person does the transactions. The alternatives to be had is one may have the fields best for show or you can still suppress it or make it obligatory. So there are 3 alternatives essentially. The discipline popularity group is saved inside the FI GL Master.

Q9. Where Is A Account Group And Where All Is It Used?

An account institution controls the statistics that wishes to be entered on the time of advent of a master record. Account companies exists for the definition of a GL account, Vendor and Customer grasp. It basically controls the fields which pop up during grasp information advent.

Q10. What Are The Problems Faced When A Business Area Is Configured?

The hassle of splitting of account balance is extra pertinent incase of Tax bills.

Q11. Is It Possible To Maintain Plant Wise Different Gl Codes?

The valuation group code have to be activated. The valuation grouping code is maintained in step with plant and is configured inside the MM module. Account codes should be maintained per valuation grouping code after doing the configuration.

Q12. Which Is The Default Exchange Rate Type Which Is Picked Up For All Sap Transactions?

The default trade fee type picked up for all SAP transactions is M (Average type)

Q13. How Can Input And Output Taxes Taken Care In Sap?

A tax technique is described for each u . S . And tax codes are defined inside this. There is flexibility to both cost out the Tax quantities or capitalize the same to stocks.

Q14. Is It Possible To Configure The System To Pick Up A Different Exchange Rate Type For A Particular Transaction?

Yes it's miles possible. In the report kind definition of GL, you need to connect a specific trade price type.

Q15. How Many Numbers Of Line Items In One Single Entry You Can Have?

No of line items in one file you can accommodate is 999 Lines.

Q16. What Are The Difference Scenarios Under Which A Business Area Or A Profit Center May Be Defined?

This query in typically very disputable. But each enterprise regions and Profit facilities are created for internal reporting. Each has its personal pros and cons however many agencies now a days go for Profit Center as there may be a sense that business place improvements could now not be supported by SAP in future versions.

There are traditional month cease tactics which want to be executed for each of them and many times reconciliation would possibly turn out to be a large problem. A regular mission in each of them is in cases where you do not understand the Business location or Profit Center of the transaction at the time of posting.