How do you control document line item fields in sap fi transaction posting? Document line item fields are controlled by the field status group assigned to the general ledger master and by the field status groups in posting key used for transaction posting. We use transaction code FS00 to assign the field status group to gl account master. OB41 can be used to have a look … [Read more...] about SAP FICO Interview Questions Part 10
interview questions
SAP FICO Interview Questions Part 9
What are the steps we followed to customize cash journal in sap? To maintain cash journal postings we start with creation of general ledger accounts then define the document types for cash journal postings. In the next step cash journal document number ranges are created for the document type. After the creation of gl account, document type and number range in sap we … [Read more...] about SAP FICO Interview Questions Part 9
SAP FICO Interview Questions Part 8
What is the use of reconciliation ledger? Reconciliation ledgers are used to post transactions from subsidiary ledgers to general ledger accounting. In Sap we have different sub ledgers like vendor, customer and asset accounting. Each line item posted to these ledgers is kept there. Through reconciliation ledger we can have these postings from sub ledgers to general … [Read more...] about SAP FICO Interview Questions Part 8
SAP FICO Interview Questions Part 6
What is the use of “only balances in local currency” and account currency in sap gl master? When we select “only balances in local currency” under the control tab of gl master (tcode: fs00), sap shows the gl balances in local currency. If you enter transactions in another currency, sap converts it to the company code currency (local currency). When we enter a currency … [Read more...] about SAP FICO Interview Questions Part 6
SAP FICO Interview Questions Part 5
What is field status variant and how it’s handled in sap? Field status variant is created to handle filed status group which are assigned to a general ledger account master. Once you create a field status variant in sap, by default you will have field status group in it for use in general ledger master. SAP provides default field status group for assignment to general ledger … [Read more...] about SAP FICO Interview Questions Part 5
Team work interview questions for the interviewer
Team is a group which have a common aim and in which the members rely on one another, communicate and interact with one another and acts in unity to achieve their common task. Team work is a popular buzz word for all industries and every position requires that an employee work closely with others. In a team building process the members of a team has to be assigned with a … [Read more...] about Team work interview questions for the interviewer