Saturday 31 January 2015

SAP FI/CO Part5 Interview Questions and Answers - SAP FI/CO

41. Goods delivered but invoice not received – 
Here the Goods receipt is made but no invoice has yet been received from the vendor. In such a scenario GR/IR account will have a credit balance.

42. Invoiced received but goods not delivered – 
Here the Invoice is received from the vendor and accounted for, but goods have not been received. In such a scenario GR/IR account will have a debit balance.
The GR/IR account would contain the net value of the above two types of transactions. The GR/IR regrouping program analyses the above
transactions and regroups them to the correct adjustment account. The balance on account of first transactions will be regrouped to another
liability account and the balance on account of second transactions will be regrouped to an asset account.

43. What are the functionalities available in the financial statement version?
In the financial statement version the most important functionality available is the debit credit shift. This is more important in case of Bank overdraft accounts which can have a debit balance or a credit balance. Thus in case of a debit balance you would require the overdraft account to be shown on the Asset side. In case of credit balance you would require the account to be shown on the Liability side.

44. Is it possible to print the financial statement version on a SAPscript form?
Yes. It is possible to print the financial statement version on a SAPscript form.

45. How do you configure the SAPscript form financial statement version?
It is possible to generate a form from the financial statement version and print the financial statements on a SAPscript form. In the customizing for
financial statement version select the FSV you created and choose Goto
??Generate form ??One column or Two column form.
You can also copy form from the standard system.

46. Is it possible to generate a financial statement form automatically?
Yes. It is possible to generate a form automatically.

47. Is it possible to keep the FI posting period open only for certain GL codes?
Yes. It is possible to keep open the FI posting period only for certain GL codes.

48. How do you keep the FI posting period open only for certain GL codes?
In transaction code OB52 click on new entries and maintain an interval or a single GL code for the account type S with the posting period variant. If the GL codes are not in sequence then you need to maintain further entries for the posting period variant and account type S.

49. Can posting period variant be assigned to more than 1 company code?
Yes. Posting period variant can be assigned to more than one company code.

50. How are Vendor Invoice payments made?
Vendor payments can be made in the following manner:
Manual payments without the use of any output medium like cheques etc.
Automatic Payment program through cheques, Wire transfers, DME etc.
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