Can we reverse a cleared document in sap? Yes, If we have posted the cleared document through automatic payment program then it can be reversed with transaction code FBRA or by using path: SAP Menu > Accounting > Financial Accounting > Document > Reset cleared items If we have used automatic payment program to clear the documents then transaction FCH8 can be … [Read more...] about SAP FICO Interview Questions Part 18
SAP FICO Module
How to create WBS User Status Profile – What is WBS status
WBS User status profile can be created with transaction code CJ20N or following path; SAP IMG > Structures > Operative Structure > Work Breakdown structures > WBS User Status > Create Profile A project has different stages which begins at creation and continues till completion. Followings are various WBS User profile status you will come across in … [Read more...] about How to create WBS User Status Profile – What is WBS status
SAP FICO Interview Questions Part 17
What is validation rule in sap? Validation rules are set with transaction code OB28. These validation rules are defined to enforce certain conditions while posting FI document. In validation rule, certain prerequisite check has to occur for the validation check to take place. If these checks are not met then sap will return an error message. What is the difference … [Read more...] about SAP FICO Interview Questions Part 17
SAP FICO Interview Questions Part 16
What is document currency in sap? Currency entered in the header section of a financial accounting transaction is called document currency. After posting a transaction in document currency, SAP automatically calculate the amount in local currency and stored the amount in local currency. What is FI substitution rule in sap? Substitution rule will replace the value that … [Read more...] about SAP FICO Interview Questions Part 16
SAP FICO Interview Questions Part 15
What is payment method in sap? While paying to a vendor or receiving payments from customers we use different payment methods to pay or receive money. These payment methods are one digit code that indicates the type of payment used for a vendor or customer. These codes can be in letter or number i.e. it can be alphanumeric. Example of payment methods are C= cheques, D= … [Read more...] about SAP FICO Interview Questions Part 15
SAP FICO Interview Questions Part 14
What is a payment term in sap? Payment terms are created to determine the due date of payment for a sap customer and vendor master data. It’s created separately and assigned to a customer or vendor master based on the requirements. While posting a customer or vendor invoice in sap, system pulls out data from these customer or vendor master data. Based on the configuration … [Read more...] about SAP FICO Interview Questions Part 14
SAP FICO Interview Questions on Company Code
What is the difference between a company and company code in sap? Company includes one or more company codes (CC). Company in sap is created to draw individual balance sheet based on the legal requirements of the country where it is registered. Company is the group under which CCs are created for consolidation of financial accounts. CC is created within a company to allow … [Read more...] about SAP FICO Interview Questions on Company Code
How to delete or change material master record
To change material master we have to use transaction code MM02. One can also use following path to reach to change it in sap. SAP Menu > Logistics > Material Management > Material Master > Material > Change > Immediately In the initial screen you need to enter the material number than you want to change. For every change to it, sap will update the log … [Read more...] about How to delete or change material master record
SAP FICO Interview Questions Part 13
What is dunning level? Dunning levels are defined at the time of creating of our dunning procedure. Dunning level in sap means how often we will be notifying our business partner about their overdue outstanding balance. Dunning can be done up to a maximum 9 level (including one legal dunning level). Dunning levels can be differentiated with there text. It defines the … [Read more...] about SAP FICO Interview Questions Part 13
SAP FICO Interview Questions Part 12
What are the segments we have in vendor master creation? Vendor master has three segments i.e. 1) General Data Segment 2) Company code Segment 3) Purchase Organization Segment. These segments manage different fields for vendor masters. General segment and company code segment are related to financial accounting module. SAP FI consultant needs to take care of these two … [Read more...] about SAP FICO Interview Questions Part 12