Saturday, 31 January 2015

Best SAP FICO Jobs & Interview Questions and Answers preparation (Part7)

61. There is an advance given by the customer which lies in a special GL account indicator A. Will this advance amount be considered for credit check?
It depends on the configuration setting in the special GL indicator A. If the “Relevant to credit limit” indicator is switched on in the Special GL indicator A the advances will be relevant for credit check, otherwise it will not be relevant.

62. In payment term configuration what are the options available for setting a default baseline date?
There are 4 options available:-
1) No default
2) Posting date
3) Document date
4) Entry date

63. What is generally configured in the payment term as a default for baseline date?
Generally document date is configured in the payment term as a default for base line date.

64. How do you configure a special GL indicator for Customer?
You can use an existing special GL indicator ID or create a new one.
After creating a special GL indicator id, update the chart of accounts and the Reconciliation account. Also as a last step you need to update the special GL code.
The special GL code should also be marked as a Reconciliation account.
Switch on the relevant for credit limit and commitment warning indicators in the master record.

65. How is Bank Reconciliation handled in SAP?
The bank reco typically follows the below procedure:
First, the payment made to a Vendor is posted to an interim bank clearing account. Subsequently, while performing reconciliation, an entry is posted to the Main Bank account. You can do bank reconciliation either manually or electronically.

66. How do you configure check deposit?
The following are the steps for configuring check deposit:-
Step1: Create account symbols for the main bank and incoming check account.
Step2: Assign accounts to account symbols
Step3: Create keys for posting rules
Step4: Define posting rules
Step5: Create business transactions and assign posting rule
Step6: Define variant for check deposit

67. What is the clearing basis for check deposit?
In the variant for check deposit we need to set up the following:
a) fields document number ( which is the invoice number),
b) amount
c) Short description of the customer.
The document number and the invoice amount acts as the clearing basis.

68. How do you configure manual bank statement?
The following are the steps for configuring manual bank statement:-
Step1: Create account symbols for the main bank and the sub accounts
Step2: Assign accounts to account symbols
Step3: Create keys for posting rules
Step4: Define posting rules
Step5: Create business transaction and assign posting rule
Step6: Define variant for Manual Bank statement

69. How do you configure Electronic bank statement?
The steps for Electronic Bank Statement are the same except for couple of more additional steps which you will see down below
Step1: Create account symbols for the main bank and the sub accounts
Step2: Assign accounts to account symbols
Step3: Create keys for posting rules
Step4: Define posting rules
Step5: Create transaction type
Step6: Assign external transaction type to posting rules
Step7: Assign Bank accounts to Transaction types

70. What are the organizational assignments in asset accounting?
Chart of depreciation is the highest node in Asset Accounting and this is assigned to the company code.
Under the Chart of depreciation all the depreciation calculations are stored.
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