FI/CO Interview Questions

What is APC?

APC stands for Acquisition and Production costs. Acquisition means any asset which you may acquire/ purchase externally. It includes invoice price and other related exp. Associated with it like customs, octroi, freight which  you add and arrive at total cost of acquisition for capitalisation of the asset.For ex Say a computer. The total cost which you incurr for the acquisition of the computer including installation will be your APC

Production cost means any asset which is created internally within the organisation. This is normally created by means of AUC and you go on adding cost to the AUC as and when you incurr exp. for the same.For ex. say addition to the office building. Therefore APC incudes any external acquisition or internal construction of exp. which needs to be capitalised.

In OADB  under 01 deprn area Acquisition & prod Cost tick is activated.   *-- Marazban D. Dalal
 

This is umapathy, I have intereview tomorrow, if anybody have taken interview with any company, kindly let me know what the questions they will be asking, how will be the interview. How the questions will be on configuration, implementation side and other questions plz.. share with me.

Pl. prepare yourself on the following broad lines:

Implementation exp.: 
Brief about the project you did: w.r.t. the main activity of the client, How many plants they had, What modules were implemented, Who were the implementers, What’s the implementation team size, How many were in your module team, What’s your role in the project with respect to the activities you partook in the project, The Enterprise Structure with regard to the no. of Company Codes, any Business Areas or Profit Centers defined, Cost Centers defined, What’s the period of the project, When did they Go-Live?, Any issues you’d solved during ‘Support’ phase?

Questions on conceptual understanding:
a)  SAP R/3 definition and 3-Tier Architecture
b) ‘Real time integration’ advantage of SAP
c)  ASAP methodology
d)  Solution Manager
e)  Client / Company / Company Code / Business Area
f)   Business Area vs Profit Center Approach
g)  How effective will be the Financial Statements generated through Business Areas
h)  With Holding Taxes vs Extended WHT
i)   Field Status Concepts (G/L master fields controlled through Account Group and Document entry through Field Status Group set in the G/L master)
j)   Special G/L transactions
k)  Open item management
l)   Reconciliation Accounts
m) Subsidiary Ledgers
n)  Sort key
o)  Negative Postings Allowed
p)  Special periods
q)  Only balances in local currency
r)   Important Posting keys for G/L, A/R, A/P, AA, Stock Entries
s)  Assessment vs Distribution
t)   Org. Structure for FI
u)  Org. Structure for CO
v)  Product Costing: How the values flow in the system

Configuration:
a)  Extended With Holding Taxes configuration steps – right from creation of WH Tax Types, Codes to Annual Return
b)  FI-MM Integration (OBYC configuration with particular reference to Off-Setting entries)
c)  FI-SD integration
d)  Down Payments transactions
e)  Interest – Balances / Arrears
f)   Asset Accounting: Asset Class, Main Asset, Sub-Asset, Group Asset, Dep. Areas, Dep. Key, Transaction No.s (100- External acquisition, 210 – Retirement with Revenue, etc.), Imp. Transaction Codes. 

General questions:
a)  Educational Background
b)  What influenced you to go in for SAP career?
c)  Functional Career
d)  Present earnings vs Expected pay
e)  Inclination to relocate

KN Murthy

FI/CO Interview Questions

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