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
SAP FICO Interview Questions for your interview preparation
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 7
What is the use of document type in sap? Document types are used to identify business transactions. Document type in sap controls the type of account to be posted, number range and document header fields. Sap Delivered several document types which you can view with transaction code OBA7. We can also create our own document type by using this transaction code. If business … [Read more...] about SAP FICO Interview Questions Part 7
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
SAP FICO Interview Questions Part 4
What is an account group in sap? Chart of account in sap, is a list of general ledger accounts used by an organisation for recording its transaction into financial accounting and reporting to external stakeholders. Account groups are used to group these general ledger A/c further for better presentation in the financial statement. We use transaction code OBD4 to create … [Read more...] about SAP FICO Interview Questions Part 4
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 … [Read more...] about SAP FICO Interview Questions Part 3
SAP FICO Interview Questions Part 2
How to activate and deactivate cost centers collectively in SAP You can activate and deactivate CCs in sap. But long list of CCs are activate and deactivate by using this functionality. You can use transaction code KEA01 or following path to activate CCs collectively; SPRO > IMG > Controlling > CC Planning > Master Data > Cost Centers > Activate … [Read more...] about SAP FICO Interview Questions Part 2
SAP FICO Interview Questions Part 1
How the group chart of account is linked to operational chart of account You do not have separate transaction code path to create both. Chart of account is created as a variant in sap and after its creation you assign it to different object within SAP. You use transaction code OB13 to create a COA variant. First you create a group chart of account variant and then create … [Read more...] about SAP FICO Interview Questions Part 1