SAP FICO Interview Questions Part 3

SAP FICO Interview Questions Part 3

What is FI organizational structure in sap?

FI organizational structure is defined to determine the reporting structure of financial accounting. On the top of FI organization structure we have Company then followed by Company code.

Company code represents the legal entity for which we determine the external reporting. You can assign more than one company code to a company.

All other module’s organization structures are connected to financial module by assigning it to the company code. For example controlling area of controlling module is integrated to the company code. 

What is the difference between company and company code?

Company is the highest organization structure in FI and used for group consolidation. Company code is assigned to company and data from company codes are consolidated at company level. You can assign more than one company code to a company.

Company code in FI module of sap is the smallest organization unit for which you determine separate legal reporting based on the legal requirements of the country.

How may normal and special posting periods can be opened in sap?

Normal posting period depends on the fiscal year that your create. If you are defining a shortest fiscal year then normal posting period will be determined based on that.

Maximum posting period that can be created in sap is 16, out of which 12 normal and 4 special posting periods can be created.

What is the use of special posting period in sap FI?

Last normal posting period of FI module is divided in to special posting periods. You can define 4 special posting periods in sap. Special posting periods are used in sap for following requirements;

  • Book adjustment
  • Year end Audit adjustments

What is a financial year and how you represent a financial year in sap?

Financial year of a company is represented by a FY variant. A fiscal year variant defines how many posting period that a company should have in a financial year. If your financial year is same as a calendar year then you define FY variant as a calendar year or else define it as non calendar year.

Fiscal year can be defined as followings;

  • Year dependent FY

If a fiscal year is applicable to a particular year and in the next year it changes then the fiscal year is “year dependent fiscal year”. You define one fiscal year for 2011 then another for 2012.

  • Year independent FY

Fiscal year applicable to all subsequent year is defined as year independent FY. This type of FY does not change every year.

  • Calendar FY

Fiscal year starts from the 1st of January and ends at 31st December will be called as calendar fiscal year

  • Shortened FY

Fiscal year which has less then 12 normal posting period is called shortened fiscal year. This can happen if you have started your business in between the calendar year.

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