SAP FICO Consultants - SAP FICO Real Time Questions Submitted by:

Ravi Deepu Senior Software Engineer - SAP Consultant at MindTree 1. Are you required to configure an additional ledger for parallel currencies? Ans. Where only 2 currencies are configured (Company code currency and a parallel currency) there is no need for an additional ledger. In case if we require the third, then parallel currency is also configured and if it is different than the second currency type, you would then need to configure additional ledger. 2. What is the impact on the old balance when the reconciliation account in the vendor master is changed? Ans. Any change you make to the reconciliation account is prospective and not retrospective. The old items and balances do not reflect the new account only the new transactions reflect the account. 3. A company has its books prepared based on Jan Dec calendar year for reporting to its parent company. It is also required to report accounts to tax authorities based on AprilMarch. Can assets be managed in another depreciation area based on a different fiscal year variant? Ans. No. Assets accounting module cannot manage differing fiscal year variant which has a different start date (January for book depreciation and April for tax depreciation) and different end date (December for book depreciation and March for tax depreciation). In this case you need to implement the special purpose ledger. 4. In SAP FI-MM Integration, Can we change the valuation class in the material master once it is assigned? Ans. Once a material is assigned to a valuation class in the material master record, we can change it only if the stocks for that material are nil. If the stock exists for that material, then we cannot change the valuation class. In such a case, if the stock exists, we have to transfer the stocks or issue the stocks and make the stock nil for the specific valuation class. Then only we will be able to change the valuation class. 5. The trial balance report S_ALR_87012277 - G/L Account Balances does not show correct figures. It does not show opening balance. What is the problem? Ans. This is because the GL balance carry forward program has not been executed. Execute transaction code F.16 Balance carry forward and carry forward the GL account balance to the current year.

6. Payment documents while posting through automatic payment program (transaction code F110) got terminated due to server shut down. How to start the abnormally terminated payment run? Ans. In transaction code F110 use path from the menu bar Edit --> Payments --> After Termination --> Draw up again. You can now post the terminated payment from the point where it had abruptly ended. 7. My Client requirement is that he is having his current check length in a house bank as 6 digits, these needs to be increased to 7 digits in transaction code FCHI. How to do it? Ans. Execute program RFCHKR00 using transaction code SE38. Here you can specify the company code, bank and account id and the old digit length and the new digit length. The check information will be changed from 6 digits to 7 digits. 8. There was a change in the depreciation rates as per statutory requirements from 10% to 12 %. Based on this you (as a consultant) have changed the configuration settings of existing depreciation key from 10% to 12%. But you find that inspite of the change in the configuration settings from 10 to 12% the depreciation is not being recalculated. What could be the reason and what needs to be done for recalculating the depreciation? Ans. Whenever any changes are done in the configuration of the existing depreciation keys, system does not automatically recalculate depreciation. To recalculate depreciation you need to execute transaction code AFAR (Recalculate Values). This will recalculate depreciation based on the new rates. 9. When user tries to settle an internal order (investment measure) in February 2009 using transaction code KO88 he receives the following error: First settle items from the previous year in the previous year Message no. AW 624. The user checks the internal order using transaction code KOB1 and finds that there is no posting on the internal order in January and February 2009. Further he also checks and finds that in the previous year Jan 2008 to Dec 2008 the internal order is already settled and there is nothing to settle (meaning debit and credits are becoming zero). The reason the user is executing KO88, he wants to capitalize the asset from Asset under construction to the final asset and he is not able to settle because of this error. What is the problem? Ans. This is slightly a complicated problem which will not be understood immediately at first instance itself The problem is because there was a posting made in the month of December 2008 after the settlement was done. This posting was then reversed subsequently after the settlement. Although the balance has become zero by virtue of the reversal, the system expects the order to be settled in December 2008. This problem was found out by analyzing the internal order using transaction code KOB1. Now to solve this problem what we have to do is, a) Firstly, open FI period for Dec 2008 using transaction code OB52. b) Then, Open CO period for Dec 2008 using transaction code OKP1.

c) Thirdly Open Asset accounting (AA) for 2008 using transaction code OAAQ. d) Execute settlement for Dec 2008 using transaction code KO88 and selecting processing type automatic. There will be zero balance which will be settled. e) Execute transaction code ASKB. f) Execute transaction code AJAB to close AA for 2008 g) Close FI and CO period for Dec 2008 h) Now execute transaction code KO88 selecting processing type partial capitalization for the month of feb 2009. This will now settle the asset from AUC to final asset.