1.Whether any FI document will be created during PO(Purchase order)?If pl mention the entry also?

Ans: There is no document that is created in FI side during PO. But in controlling there can be a commitment posting to a Cost Center. The offsetting entry is posted at the time of GR.

2.What is document type, and what does it control? Examples?

Ans: Document type is nothing vouchers containing line items. Several business transac! tions can be identified within a particular document type. It controls the document number ranges. It controls the Header part of document.IT controls the line item level of the document.Helps filing of physical document.

3. What is posting key and what does it control?

Ans: These are special classification keys. Two character numerical key it controls the entry of line items. Posting key determines Account type, Debit/credit posting, Field status of transaction.

4.What is account group and what does it control?

Ans: Account group determines which fields you can configure on the G/L master record. It is necessary to have at least two.one for B/S and another one for P&L a/c. It controls the Number ranges of GL A/C.The status of fields of the master record of GL belongs to company code area.

5.What is Country and operational chart of account? Why do you use group chart of account?

Ans:Operational chart of account – Day to day activities It is mandatory.Country COA – It’s used for legal specific requirement of each country. It’s additional and optional.Group COA used for consolidation of Company codes. This is for group consolidation purpose.

6.What are all the segments in a Customer/Vendor master record?

Ans:Segments in Customer           Segments in Vendor
-      General Data segment            General data segment
-      Company code segment         Company code segment
-      Sales area segment                 Purchasing organization Segment

7.What do you enter in Company code Global settings?

Ans:4 digit Alphanumeric key.
 Name of the company
City
Country
Currency
Language
Address

8. How do you reverse cleared documents?

Ans:By doing reversal posting.

9.What is a special GL transaction?

Ans:The transaction other than A/P and A/R is called the special g/l transaction for ex: Bills of exchange, Interest payable , aqusition

10.What is SAP standard organisation structure?

Ans:SAP Standard organisation structure is based on client requirement it will change for example.
Client--->Operation Concern(Co-pa)--->Controlling
area(1:N)---> Company Codes(1:N)
Plant and Purchase organization,Sales Organization assing
the the Company code as per client requirement.

11.What do you mean by Goods Clearing ? What are the journal entries for Clearing of Goods ?
Ans: Goods Clearing is related to Inventary Management. Whenever Goods received against purchase order through MIGO T.code then GR/IR A/c Dr and Party A/c Cr. So Goods clearing account automatically clear.

12.intigration between fi-mm, fi-sd

Ans. fi-sd is in credit management, account determination, revenue account determination and Integration FI-MM
1. PO creating NO FI Integartion
2. When good receipt in terms of GR/IR (Good Receipt and
invioce Receipt)
  Inventory Account Dr.
  GR/IR Account Cr.
3. GR/IR Account Dr.
   Vendors Account Cr. (AP)
4. Vendors Account Dr.
   Bank Account Cr.
Integration FI-SD
1. Sales Order creating NO FI Inegartion
2. Check the avalibilty of Material co09
3. SD send request to MM for issue the material, thru
PICKING, gentered the pick order
4. MM good issue & create the good issue document and
Accounting document create in FI
   Cost of Goods sold Dr.
   Inventroy Account Cr.
5. Customer Account Dr.
   To Sales Revenue Account
6. Bank Account
   Customer Account

13. what is the importance of secondary cost element in controlling, if it is needed give reasons?
Ans: Secondary cost element create for internal purpose of controlling area.This is for service provide to one cost center to others cost centers.

14.What is the business process?

Ans:Business process is a collection of related, structured activities--a chain of events--that produce a specific service or product for a particular customer or customers.A business process is a recipe for achieving a commercial result. Each business process has inputs, method and outputs. The inputs are a pre-requisite that must be in place before the method can be put into practice. When the method is applied to the inputs then certain outputs will be created.

15. What do you mean by cost carrier ?

Ans: It mean which is the real cost posting that is cost carrier
for example whenever create the Internal order as a real
order then when we use this real order to book the general
entry for expences side real cost posted to internal order
and static post the cost center.
And also using cost carrying object for distribution and
assessment purpose.

16. What is ERP?

Ans: ERP stands for “enterprise resource planning”.The definition of enterprise resource planning is an integrated software solution used to manage a company’s resources.ERP systems integrate all business management functions, including planning, inventory/materials management, engineering, order processing, manufacturing, purchasing, accounting and finance,
human resources, and more.

17.Why implement an ERP system?

Ans:ERP software integrates all departments and functions across a company onto a single computer system that can serve all those different departments' particular needs.  ERP combines finance, HR, manufacturing and distribution all together into a single, integrated software program that runs off a single database so that the various departments can more easily share information and communicate with each other.  This integrated approach can have a tremendous payback provided the software is installed and used correctly.

18.How can be or in what way baseline date is important in Automatic Payment Program run?

Ans:The Baseline date is used to calculate the due date by taking into account the payment terms. On the APP, the baseline date helps to pick the relevant invoices for payment. During the APP run when invoices are pulled into the run, the system checks the ‘Next Payment Date’ before picking the invoices to be paid.

19.Difference between Depreciation ,Accumulated Depreciation and APC? What is APC?
Ans:Depreciation – a decrease in the value of an asset due to wear and tear Accumulated Depreciation – the total amount of depreciation calculated on a particular asset.APC – refers to Asset transactions other than depreciation.

20. What are the accounting entries take place in MM and SD?

Ans:Value from MM to FI is defined in OBYC…. on the material master the flow of values are assigned on the Costing,acctg, etc tabs where the system helps to post the necessary stock values into the appropriate GL accounts. helps to determine, the GL accounts updated when there is a movement of goods.