CLASS NO-12

1. Transactions in Area not contradicts the net book value:

You get this error when you try to post value of the asset such as special or
unplanned
dep. which will make the Net Book Value of Asset Negative.
Dep. Area of COD Configuration (OAYZ) – Negative value allowed.

2. Only output tax is allowed for account, for a/c …….

FS00 – Control data tab – Check tax category Field.

3. Balancing Field “Profit Centre” in line xx not filled error in ASKB.

ASKB is the transaction in SAP use for Periodic Processing of Asset APC values to G/L
you get profit centre balancing error, if you don’t maintain necessary a/c determination in
configuration to Fix the error look dep. area with the issue & check if the a/c determination
cost objects has been maintained in asset. Maintain the values & issue should be Fixed.

4. Transaction Key XXX YY Chart of accounts ZZZZ not defined in table T030K.
It happens when you try to post an Invoice & the tax code has not been maintained
in configuration
OB40 – COA (ZZZZ), Transaction (XXX) & Assign G/L to tax code (YY).

5. Company code has different Settings for withholding tax treatment.

When you try to Post Intercompany posting, but one of the company code on
standard WHT while other on extended WHT. You won’t be able to post single cross
company code posting. You would need to post two entries, one in each company code
separately. At later stage, check if you want to bring both company codes to extended WHT

6. Account XXX requires assignment to company object.

When G/L a/c is relevant for cost posting i.e. Primary cost element is created for the
a/c. In this case, system is going to need a cost object (Cost centre, WBS element, internal
order etc.) in the posting as posting needs to be automation done in controlling.

7. Post key DEI COA DE39 not defined in table

P03OR – Check tax procedure and proper tax procedure is assigned with country or
proof. What if this is an automatic Posting?
In case of automatic posting (Such as gain/loss Posting), you will not be able assign cost
object manually. In that case you will need to assign a default cost object to the a/c (OKB9).

8. An entry with this withholding tax type already exists.

This error occurs when you try to assign multiple lines with the same tax type to the
business transaction. SAP only allows one entry for tax type in a business transaction, if
multiple lines need to insert multiple tax type is to be created.

9. No cleaning A/Cs specified for Company code NNNN/MMMM

When you try to post Intercompany Posting, but Company code pair has not been set
up for cross company code posting.
T.Code – OBYA, Company code must be same (or CWHT).

10. Maintain conversion factor for XXX/ YYY (currency type NN)

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Conversion Factor is not maintained for the currency pair in the system.
(IMG – General settings – Currencies – Define Translation ratios)
(USD/INR or INR/USD)

11. A/c type X is not defined for Document type you get this message when document
type, you are using is restricted by a/c type available for posting. In document type
document posting can be restricted to certain a/c type, choose appropriate document type.
(OBA7) – Choose Document type – G/L Type.

12. For Document type XX, an entry is required in Field Document header text/reference.
When entry to the reference /header text has been set to require in document type
configuration to resolve the error, enter appropriate value in the text Field /reference Field
in document header.

13. A/c determined not defined for XXYY in COA ZZZZ (a/c assignment).
You get this error when a G/L a/c for withholding tax type XY tax code YY has been
configured. Tax type & tax code is maintained under Vendor master withholding tax
category.

A/c Adjustment:
SPROIMG FA (NEW) FAGS (NEW) WHT
EWHTPOSTINGSACCOUNTS for WHTDefine A/c’s for WHT you be paid over.
Assign a G/L a/c for tax type XX & Tax code (YY) shown in error.
Interest on Delayed Payment/Insurance Period& other Charges.
Customer A/c Dr. xxx
To Interest other xxx

ACCENTURE QS
How To Update Asset Balance In The Middle Of The Year From Legacy To SAP?

STEPS:- PREVIOUS YEAR PROCESS

1. Take Dump Assets With Acquisition Value, Accumulated Dep. Values, and Capitalization
Dates.

2. Take Assets Up to Previous Year Closing and Make Sure Acquisition and Accumulated
Must Be Tally with G/L balance.

3. Create LSMW For As91> Create Asset With Upload Values – Check AR02 Repost Where
You Can Get Asset Class Wise Acquisition And Accumulated Depreciation Total.

4. Goto OASV Make JV As Asset G/L A/C Dr & Initial balance ……Cr.
And Initial Balance Debit ……. And Asset G/L A/C ……. Credit.

5. Make Sure FS10N And AR02 Balance Must Be Match.

STEPS:- CURRENT YEAR PROCESSS

1. Take Dump of Current Year Acquisition with Asset Value Date/ Capitalization Date And
Amounts.
2. Create Asset – AS01
3. Credit LSMW for F-90 / FB01 with Posting Key 70 & 50
70 Asset Debit And 50 Initial Balance Getting Credit.
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4. Run Dep. – AFAB

TCS SAP FICO Interview Questions

TCS Telephonic

1. Cost center planning? actual vs planning n variance analysis tell me one scenario
where it is used?
2. Difference b/w Assessment & distribution in which business scenario it is using
give me a example?
3. Profit center accounting how it will derive? How the cost flows in to pc?
4. Asset purchase through po configuration steps and tell the accounting entries?
5. Tell me the auc settlement process?
6. FI-SD integration accounting entries? where is the 1st integration point . Account
keys are in sd where it is assigned?
7. APP configuration steps . If cheque is void what u will do? How to assign
sequential cheque lot?

PM Round

1. Support process how will u resolve the issues, SLA & priorities ?
2. WHT Sections
3. In current client Tcurr table updation daily base or monthely?
4. Back ground jobs
5. What are all the month end activities ?

Mindtree SAP FICO Interview Questions

Mindtree Technologies FICO Interview Questions

1. Realization phase activities ,Cutover activities what is the sequence and Data take
over accounting entries
2. What level issues will you handle & priority time?
3. Planned delivery cost & unplanned delivery cost ? Accounting entries?
4. Given one scenario vendor is having 3 banks a/c’s how will map & how to make
payment from particular bank?
5. How to change the wrong recon account postings’?
6. In f110 run shall I pay check payment & wire transfer in single run ? How?
7. If customer is a vendor & vendor is a customer what is the configuration settings &
how will u clear 1 against another ?
8. New GL functionality ?Document splitting purpose? Passive splitting give me a
example?
9. Difference b/w FYV & PPV
10. Month ending and year ending activities
11. I have a requirement to change coa’s is it possible? Then how?
12. Cost center accounting functionality?
13. Distribution assessment use ? Budgeting plan vs actual n variance analysis?
14. 10 company codes having difference COA ‘s can I assign 1 cod?
15. Spl gl transactions ? Types? What is noted item & real posings is it applicable spl
gl transactions for credit check?
16. Duplication of invoice processing configuration steps?

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SAP FICO Interview Questions and Answers
Hcl Techonlogies FICO Interview Questions

1. Support issues in AA, App & functional specification?

2. Tell me the P2P cycle what are all the accounting entries when the product
delivery to the customer ?
3. Standard price vs moving average price give me a example? which is using for
which product?
4. New gl functionality ?Dummy profit center in New GL?
5. Document splitting configuration steps?
6. Material Master data how the cost s update? Previous cost ,present cost& Future
cost how it will update?
7. Formula based vs condition based procedure?
8. How many coa’s are using the client ? what is the use of country specific coa’s ?
Tell me one scenario where it is using ? how the consolidation will happen?
9. Data Migration all accounting entries ?
10. Asset entries ? Depreciation entry? Asset sale with customer & without entries
and scrapping?
11. Cost center accounting , Distribution ,Assessment where it is used & SKF use ?
Activity types use?
12. Credit controlling area ? client using Make to Stock , Make to order?
13. Use of availability amount field in bank determination?
14. In PO what is the use of a/c assignment category?

FICO Interview Questions

KPMG SAP FICO Interview Questions

1. Asap methodology phases? System landscape?

2. Foreign currency valuation process and tell the entries diff b/w realized gain and
unrealized gain
3. OIM ? GL a/c wrongly created without selecting the OIM entries are posted to that
gl a/c how will solve the issue ?
4. WHT rate has been changed will you make the rate change to the existing code
are create a new code ? then how what is the effect on the open items?
5. Sort key use?
6. BRS process and entries? What basis cheque wil credit?
7. Document splitting ?
8. Leading ledger & non leading ledger?

CTS Interview Questions for SAP FICO

CTS FICO Interview Questions

1. Reclassify assets – Wrongly created asset class ?while doing reclassification of

asset’s you are getting an error what will you do?
2. App configuration steps ? use of script forms?
3. What is the variant principle at what level it is created?
4. Cost center ,Profit center table tables
5. BRS entries
6. What is the purpose to use the GR/IR clearing a/c ?
7. OIM ? what a/c’s has to be maintained ?
8. Customer is a vendor Configuration steps
9. Month ending activities
10. Retained earnings a/c ? how the balance carry forward?

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2nd round CTS

1. Support issues
2. Month end activites
3. FCV entries
4. New gl document splitting strcture ? item categories ,business transaction ? tell
me the business transaction for vendor?
5. Document splitting with accounting entry ?
6. GR/IR clearing a/c
7. FI-MM integration entries
8. Standard price vs moving average price ? where it is maintained give me a
example?

SAP FICO Interview Questions

Infinite solution telephonic FICO Interview Questions

1. Cut over activites, Data migration ,balance uploads entries?

2. How will you interact with master data team?
3. Customer recon a/c wrongly assigned ? how to handle the situation?
4. Document reversals and country specific requirements?
5. New gl functionality LL –NLL , Document splitting with example, Zero balance
clearing a/c
6. What is the correspondence types ? with new gl will u send splitted line items are
the normal line items?
7. When the user doing posings he was not given the business area ? Is it possible
to update the business area for posted document what is the process?
8. Classic WHT vs Extended WHT diff? Vat returens?

SAP FICO Interview Questions and Answers for 3 years

Experience
Igate patni FICO Interview Questions

1. Cut over activates ,vendor balances upload entry?

2. New gl functionality , Direct postings to non-leading ledger?
3. Asset issue ? App issue? Importance of variant principle/
4. Changes in the dep key what is the impact on asset accounting?
5. T code ABS0 ? unplanned depreciation use?
6. Up to How many depreciation area’s able to create?
7. Asset class what level? Depreciation key at what level?
8. Derived depreciation & delta depreciation area difference?
9. Clearings? Partial & residual payments and entry?
10. Cash discount configuration ? entry?
11. App configuration steps and payment terms?
12. Support process , SLA?
13. Tell me any new report that you enhanced?
14. Controlling area assignments, Standard hierarchy
15. Internal order settlement tcode?
16. Profit center accounting? If there is no derivation rule what will happen? Dummy
profit center to original pc moving possible?
17. FI-SD integration entries,F I-MM integration entries?
18. Asset purchase entry ?

PM Round

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1. Tell me about your work process in support project?
2. Which tool you are using ?
3. How is your client interaction ? What type of challenges you will faced in the
project? Tell me one challenge ?
4. Tell me recently solved critical issue ?
5. How do you came into sap ? where you learnt?

SAP FICO Interview Questions

ITC Infotech FICO Interview Questions

1. New gl functionality ,Document splitting with example , Zero balancing clearing

a/c?
2. Co-FI reconciliation?
3. A/C entry’s of freight charges,asset scrapping,asset sale ,down payment made
,asset depreciation,FCV and Document type?
4. FSG vs FSV
5. COD, Dep areas,
6. Support issue? Asset value date ?
7. Manual cheque deposit T-code?
8. House Bank , Bank Id , GL a/c
9. 10 invoices are there I need to pay 1 only invoice how to pay in app?

SAP FICO Interview Questions in Wipro

Wipro FICO Interview Questions

1. Dunning keys?
2. Terms of payment ? use of Day limit? How the top will derive at transaction level?
3. Tax’s on sales and purchases configuration steps? WHT steps?
4. Asset class?
5. New gl functionality document splitting/
6. FI-MM integration entries ,valuation class
7. In FBZP settings use of payment medium work bench ?
8. How to change the payment method after proposal created?
9. User was posted 15 invoices he was not up dated the wht code for that line ltems
now the user want to update ? then how?
10. Support issues and transportation procedure?

SAP FICO Interview Questions in Accenture

Accenture FICO Interview Questions

1. Realization phase ? what areas you configured?

2. Business area? Assignments ? what level? How many b/s area’s you created?
3. Documents type what does it control? A/c type? Can we use the D.T for Batch
input session?
4. A/c Group ?what does it control? FSG vs FSV?
5. LSMW steps?
6. Dunning? Procedure?
7. COD? Which tool u are using?
8. WHT Steps? New reports?
9. Group asset ? Reporting?
10. Month ending activities and you are role?
11. Make to order
12. Make to stock
13. FI-sd,What is subsequent debit?
14. For defining co what do you need?
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