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SAP interview > Sap > Flashcards

Sap Flashcards

1
Q

1.What is Document Type

A

classification of a financial transaction

based on its purpose

Ex. Sale, purchase, expences, income etc.

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2
Q

Chart of Accounts

A

list of all accounts …

provides a structure for categorizing financial transactions

Used for reporting and analysis.

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3
Q

Cost Center

A

Organizational unit… Which tracks expenses

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4
Q

Sub Modules in SAP FI

A

General Ledger Accounting,accounts receivable, accounts payable, Bank Accounting,Asset Accounting, and Cash Management.

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5
Q

Company Code

A

Four digit alpha numeric

Unique identification number for company.

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6
Q

Business Area

A

Separate organizational unit to carry business

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7
Q

Fiscal Year

A

Usually 12 monthly period

Used for recording and reporting financial transactions.

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8
Q

Fiscal Year Variant

A

A fiscal year variant in SAP is a set of rules that determines the length, start date, and end date of the fiscal year.

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9
Q

P2P Process

A

is a business process

covers steps for

Procurement of goods

Includes
Purchase Order,
Goods Receipt,
Invoice Verification, and Payment.

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10
Q

Order-to-Cash

A

Business process

Covers

receiving an order

And payment from customer

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11
Q

Asset Accounting

A

Sub module of SAP FI

manage and record fixed assed

features
creating asset master records, recording depreciation, and tracking the asset history.

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12
Q

Posting Keys for GL

A

used to define the type of financial transaction,
such as debit,
credit, or reversal.

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13
Q

Creating Vendor/Customer Master

A

process of defining the basic information about a vendor or customer, such as name, address, and payment terms

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14
Q

Common T-Codes in SAP S/4 HANA FI Module

A

• FBL1N (Vendor Line Items)

• FB60 (Enter Invoice)

• FB03 (Display Document)

• F-02 (Post with Clearing)

• FAGLL03 (G/L Account Line Items)

• AB01 (Create Asset Master Record)

• OBYC (Configuration for Automatic Account Determination)

• OBY6 (Define Global Parameters for Automatic Account Determination

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15
Q

Tables in SAP FICO Module

A

tables are the basic structures for organizing data within this database

BKPF (Accounting Document Header), BSEG (Accounting Document Line Item), T001 (Company Code), and
T004 (Chart of Accounts).

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16
Q

T-Codes in SAP FICO

A

FB60 (Enter Invoice),

FB03 (Display Document),
FBL1N (Vendor Line Items),
F-02 (Post with Clearing),
and FAGLL03 (G/L Account Line Items).

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17
Q

Organizational elements

A

Company Code, Business Area, Chart of Accounts, and Fiscal Year.

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18
Q

Depriciation key

A

numerical value used to calculate the amount of depreciation expense for an asset

It determines the depreciation method,
calculation basis,
and other relevant information for the depreciation calculation.

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19
Q

FI - MM integration

A

Useful for seamless transfer of financial data between two modules

procurement and inventory management are accurately reflected in the financial statements.

20
Q

Fi- SD integration

A

seamless transfer of financial information

Accurate reflection of financial transaction between sd and fi in financial statements.

21
Q

SAP Full Form

A

System application and products in data processing

22
Q

Difference between S/3 and S/4 HANA:

A

SAP S/3 old (ERP).
SAP S/4 HANA is new SAP
.
S/4 HANA is designed for
in-memory computing,
providing faster processing and real-time insights.
simplified data model and user interface compared to S/3.

23
Q

Difference between Integration and Interface

A

Integration is connecting two or more systems or modules

Interface is common point of communication Between the same

24
Q

Account Group:

A

categorization of G/L accounts

25
Q

APP

A

feature in SAP that automates the payment process to vendors and reduces manual intervention.

payment runs based on predefined payment terms.

26
Q

Parallel accounting

A

allow for different accounting treatments in different countries or currencies.

27
Q

Master Data Governance (MDG) .

A

is a component of SAP

manage and maintain their master data, ensuring data quality and consistency across systems

maintaining, and validating master data, as well as integrating master data with other SAP components

28
Q

Year shift

A

process of transitioning from one fiscal year to another

includes
closing of accounts and the opening of new accounts for the new fiscal year.

29
Q

The depreciation area

A

Ararea responsible for calculating dedication

30
Q

Validation and substitution

A

Validation - verification of dATA ENTERED IN THE SYSTEM

SUBSTITUTION - REPLACING DATA ENTERED IN THE SYSTEM.

31
Q

SORT KEY

A

KEY TO sort financial transactions in a specific order

32
Q

A posting key

A

is a two-digit code in SAP that determines the type of transaction

, such as a debit, credit, or balance posting.

33
Q

TYPE OF CHART OF ACCOUNTS

A

COUNTRY SPECIFIC COA
OPERATIONAL COA
GROUP COA

Country-specific chart of accounts (e.g. US GAAP, IFRS, German HGB)
Operational chart of accounts (e.g. Sales, Purchasing, Inventory)
Consolidated chart of accounts (used for financial consolidation)
Group chart of accounts (used for group reporting)

34
Q

what is Leading ledger and Non Leading ledger

A

LEADING LEDGER - FOR G/L
NON LEADIMG FOR SPECIFIC PURPOSES

35
Q

EBRS and is a SAP FI feature that allows for the . The system ,

A

stands for Electronic Bank RECONCILIATION Statement

automatic processing of bank statements received from banks

automatically matches the bank statement to the relevant open items in SAP

such as invoices or payment requests, and posts the transaction to the appropriate accounts.

36
Q

What is document splitting?

A

SPLITTING EXPENCES OR INCOMES TO Different ORGANISTIONAL UNITS

37
Q

Park and hold doc

A

Temporary stored doc for getting approved by Authorized person

Hold means - stored because of incomplete information

38
Q

House bank T Code

A

FI12

39
Q

BRS T code

A

F.90.

40
Q

Recurring entry

A

automatically created based on a set schedule, such as a monthly rent payment.

41
Q

Withholding tax configuration

A

involves setting up the tax codes, tax types, and tax rates

42
Q

The GST cycle involves the following steps

A

:

• Registration of the taxpayer with the GST department

• Collection of GST on the sale of goods and services

• Filing of monthly or quarterly returns with the GST department

• Payment of GST to the government

• Claiming input tax credit

• Reconciliation of GST liabilities and payments

43
Q

HANA

A

(High-Performance Analytic Appliance

44
Q

ECC

A

ERP central component

45
Q

Master data

A

Fundamental data

46
Q

Tell something about Kone cranes

A

Finland based company

Found in early 1900

Works

the world’s largest supplier of industrial cranes and wire rope hoists and a technology leader with digital controls, software and automation.

Kobe cranes emphasizes on
GEOPOLITICS - INCREASING

PROTECTIONSM IN MARKETS,

SUSTANABILTY - ECO FRIENDLY

REDUCING CARBON FOOT PRINT..

DIGITIZATION- EFFICIENT COLLECTION OF DATA, IMPROVING PRODUCTIVITY IN SERVICEABILITY

SAP interview (2 decks)

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