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
interview
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