SAP FI: Questions and Answers

• SAP FI questions and answers

Account Currency

• To post transactions to an account in any currency, the account currency must be the same as the local currency of the company code.

G/L Account Posting Control

• Posting in a G/L account is controlled by the field status group in the company code segment.

Dunning

• Dunning is the process of generating a letter using SAP FI to remind a customer of an outstanding payment when they miss the payment due date.

Chart of Accounts

• If using the same chart of accounts in more than one company code, the account name and account number are the same in all company codes.

Sample Account Creation

• While creating a sample account, both COA segment and company code segment data may be entered.

Incoming Payments

• T-code F28 can be used to post incoming payments.

G/L Account Posting

• Postings in a company code are done in the G/L account of the operative chart of accounts.

STMS Configuration

• The domain controller system is responsible for the configuration of STMS (SAP Transport Management System).

SAP Business Object

• An SAP business object consists of Attributes and Method.

BA/PC Adjustments

• You run BA/PC adjustments for Balancing BA level Balance sheet for inter business area transaction.

Transport Request Information

• Trace file information is not present in co-files regarding transport requests.

SAP FI Organisational Elements

• Organisational elements in SAP FI include company code, business area, and chart of accounts.

R3 System Components

• The components of the R3 system with respect to three-tier architecture is Database, Application, Presentation.

Account Currency Transaction

• You can post a transaction to an account in any currency only if the account currency is the same as the local currency of the company code.

Customer Credit Control

• Transaction code FD32 is used to control credit to the customer.

Vendor Master Data

• The views maintained for vendor master data are general data, company code data, and purchasing data.

Chart of Accounts Combinations

• Every company code can have one operating COA, one group, and one alternate COA.

Support Pack

• After applying a support pack to a component, the support package patch level will change.

G/L Account Mapping

• Each G/L account code in a group COA can be mapped to many account codes in the operating COA.

Retained Earnings Account

• A retained earnings account is specific to the chart of accounts.

SSCR

• SSCR stands for Sap software change registration.

Cross Company Code Transaction Number

• The cross-company code transaction number is not a combination of the second company code number.

Transport Request

• TRJOB tables are used for communication while importing transport requests.

Sample Account Information

• While creating a sample account, both COA segment and company code segment data may be entered.

Message Server

• The central instance contains a message server.

Depreciation Postings

• Depreciation postings can be executed through background processing (batch input session) or direct FI postings.

STMS Configuration Client

• SAP client 000 can be used to configure STMS.

P/L Account Balances

• Period end processing via multiple retained earnings accounts can be used to carry forward P/L account balances.

Customer Payment

• The document type key to show a customer payment business transaction is DZ (Customer Payment).

G/L Account Control

• The field status group in the company code segment can be maintained in the GL account, and it defines the fields while posting to the GL account.

Vendor Payment Details

• While creating a vendor for a company code, the payment terms field is used to determine the payment details.

Fast Entry Screens

• Fast entry screens in SAP FI can be used to enter G/L line items.

Account Master Bata Appearance

• The appearance of an account master data is based on field status.

Field Status Group Behavior

• In the field status group, a field is available on the screen but is grayed out, meaning nothing can be entered, this is known as Display.

Shortened Fiscal Year

• A shortened fiscal year can have less than 12 periods.

Foreign Currency Valuations

• Foreign currency valuations on G/L accounts are performed on accounts managed on an open item basis having foreign currency transactions and all accounts with account currency different from local currency.

Account Balances Display

• Account balances of several related accounts can be displayed through worklists.

Fast Entry Screens in FI

• Fast entry screens in FI are used to enter G/L line items.

Document Entry Templates

• Easily entered document entry templates are called account assignment models.

Parallel Currencies

• 3 local currencies are possible at the company code level.

Document Reversal

• When reversing a posted document, the document number must be internal.

Financial Statements

• Financial statements can be generated in any currency for which customization is maintained.

Vendor Master Data Views

• The views maintained for vendor master data are general data, company code data, and purchasing data.

Vendor Master Records

• The group key assigned to vendor master records is a combination of up to three fields based on which open invoices are selected for automatic payment.

Special Ledger Indicator

• Posting through a special ledger indicator affects the alternative reconciliation account mapped to the main reconciliation account of the vendor/customer.

Payment Terms

• By mentioning the baseline date, cash discount periods, and cash discount percentage rate in payment terms, the system will calculate the due date of the invoice and cash discount.

Down Payment Request

• Accounting for down payment requests involves noted items.

SSCR Full Form

• SSCR stands for Sap software change registration.

Business Area

• A business area once defined is available for use to all company codes in the client.

Vendor and Customer Master

• One account group can have either an external or internal numbering system for vendor and customer master.