Sap ecc security interview questions code#
Sap ecc security interview questions series#

вЂ“ Field status Group controls the fields which come up when the user does the transactions.

It basically controls the fields which pop up during master data creation. вЂ“ An account Group controls the data that you need to enter at the time of the creation of a master record.ДЄccount Groups exist for the definition of a GL account, Vendor and Customer Master. вЂ“ What is an Account Group and where you use it?ДЄns. This is called вЂњPost automatically onlyвЂќ. In the GL account master record, a checkbox exists wherein you select the automatic posting option. вЂ“ Stock Consumption accounts are instances of GL accounts that the system posts automatically. вЂ“ Give an example of GL accounts that system posts automatically through the system.

Sap ecc security interview questions series#

However, if we configure the third parallel currency and this is different from the second currency type, then we need to configure an additional ledger.ДЇull Series of SAP FICO Interview Questions вЂ“ Click Here SAP FICO Interview Questions on FI GL ( General Ledger) Q8.

Sap ecc security interview questions code#

вЂ“ In case we configure two currencies (Company Code currency and parallel currency) we do not need an additional ledger. вЂ“ Do we need to configure additional ledgers for parallel currencies?ДЄns.

Hard Currency at country level settings in Net weaver (you can define this if the inflation rate is high).

Group currency which is defined at the client level.

вЂ“ How many currencies you can configure for a company code?ДЄns. You need them to make any additional posting such as closing entries, provisions, which happen during year-end. Special periods are only applicable to the FI module. вЂ“ There is no posting that happens from SAP MM in special periods. вЂ“ How does posting happen in MM during special Periods?ДЄns. Accordingly, we need to configure the Fiscal Year Variant. This is applicable to many countries, especially to the USA. Lets us take an exampleвЂ“ for the year 2010, the period January ends on 29 th, Feb ends on 27th and March ends on 29.ДЇor the year 2011, January ends on 30 th, Feb ends on 26 th, March ends on 30 th, etc. вЂ“ In a Year dependent fiscal year variant, the number of days in a month is not as per the calendar month. вЂ“ What is the Year Dependent Fiscal Year Variant?ДЄns. However, in S4 HANA Finance, you need to assign the same Fiscal Year Variant to both, company code and the Controlling Area. For example, you can assign K4 (Jan-Dec) to the Company code and V3 (April-March) to the controlling Area. In SAP ERP (ECC) you can assign two different FYV to the company code and controlling area. The table for the Fiscal Year Variant is T009. You can define a fiscal Year with 2 digit code. Since you create a Fiscal Year Variant at the client level, you need to assign it to a company code.

A Non-Calendar Year (April-March, June вЂ“May, etc).

You can take the Fiscal Year Variant either as: These periods are stored in what is called the Fiscal Year Variant.

We can take a maximum of up to 12 periods and 4 special periods. The Fiscal Year is nothing but the way financial data is stored in the system. вЂ“ What are the options in SAP when it comes to Fiscal Years?

Related: Learn Chart of Accounts in-depth вЂ“ A complete Beginners Guide Q3. Second, we can use a (rarely) Country-specific charts of accounts in some scenarios. One is the Operational Chart of Accounts which is mandatory to perform all operational activities. вЂ“ You can assign two charts of accounts to a single company code. The chart of Accounts is nothing but the list of General ledger Accounts.ДЄns. вЂ“ How many Charts of Accounts can a company code have? Controlling can have relationships with different company codes, either as, one: one or, one: many.Д¬ontrolling Area is the umbrella under which you can store all controlling activities of cost center accounting, product costing, profit Centre and Profitability Analysis. This means you can assign one single controlling area to several different company codes. вЂ“ Controlling Area may have two types of relationship with company Code: вЂ“ What is the relation between an SAP Controlling Area and Company Codes?ДЄns. SAP FICO Interview Questions on Implementation and Configuration Q1.