SAP FICO is a core SAP module that covers the financial and reporting segments of a business. It consists of the interrelated component modules-FI (Financials) and CO (Controlling) with an extensive set of sub-modules that cover every aspect of the financial and managerial accounting for both external and internal reporting. Skilled FICO Technical and Functional Consultants are in very high demand as enterprises world over have been moving to SAP as a single solution for their business needs. As financial management forms the very basis for any business, SAP FICO has seen a consistent increase in its implementation with a very high demand for FICO professionals. Garuda Trainings has come out with a comprehensive online training course in SAP FICO to give our students the much needed advantage in this highly competitive and sought after segment of the ERP industry. Online SAP FICO Course Contents: FICO is an integration of two modules FI and CO and the below curriculum has been segmented accordingly. Contents: 1) An Introduction to SAP 2) The FI module and its architecture 3) General Ledger Accounting 4) Fixed Assets sub-module 5) The Account Receivables sub-module 6) The Accounts Payable sub-module 7) Integration with other SAP modules and business implementation and deployment 8) The CO module and its architecture, interaction with the FI and other SAP modules 9) Cost centres and profit centres accounting 10) Internal orders and profitability 11) Product costing and activity based costing For More Info: http://garudatrainings.com/sap-fico-online-training/ Why Choose Us: Our online course in SAP FICO gives you a perfect flexibility of pursing the course within your existing schedule as you can opt from weekend or weekday batches as per your convenience. The training resources are prepared by experts with rich experience in SAP implementations. All modules are led by trainers and are interactive with a recording ability for future use and access. We offer a 24/7 access to training resources and technical support and give you a perfect quality training course with an extra emphasis on practical exposure to real-time implementation scenarios and live projects. The Complete Advantage: We endeavour to give you a perfect career as a SAP FICO consultant and our online training course also includes the advantage of placement assistance through our industry network. To help our users easily clear the interview evaluation, we offer an extensive collection of in-depth interview questionnaires along with tips of effectively writing resumes. Choose us to get the perfect advantage in your career as an SAP FICO consultant. Register For Free Demo: www.Garudatrainings.com Email Us:garudatrainings@gmail.com Ph No:+1-508-841-6144

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2. What is the difference between updated project and
end to end project.?
 Some organisations select to implement SAP module
by module, thus gets updated as per their convenience
/ schedule. This is called as updated project.
 Some organisations simply plan all integrated
functional modules and decide to go-live with all
functional modules and take their entire operations on
SAP. This is called as End to End SAP implementation
project.

3. What is Ranking order in automatic payment
programme ?
 Its the priority assigned to each house bank which
helps Automatic Payement program choose the house
bank for payment in case there are more than one
bank satisfying the payment program.
 If a payment program ends up selecting more than
one(say 4) bank for payment, the ranking of the banks
helps it select one bank from the list of (say 4) selected
banks.

4. What is SAPAPO?
 SAP APO stands for Advanced Planner and
Optimizer, which is one area of SCM and application
component of MySAP product. Its is designed to
provide solutions for companies in Demand
planning, network design, supply network
planning, production planning and global available to
promise, transportation and scheduling

5. How is bank reconciliation handled in SAP?
 The following are the steps for BRS:
 1. Create Bank Master Data - This can be created through T.Code FI01 or you can also
create the house bank through IMG/FA/Bank accounting/Bank account
 2. Define House Bank
 3. Set up Bank selection payment programe- IMG/FA/ARAP/BT/AUTOIP/PM/Bank
selection for payment prg.
 a. setup all co codes for payment transaction - Customer and vendors
 b.setup paying co codes for payment transactions
 c.setup payment method per country
 d.setup payment method per co code for payment transaction
 e.setup bank determination for payment transaction
 Please go for Cheque mangement using T code FCHI
(IMG/FA/ARAP/BT/OP/AutoOp/PaymentMedia/CheckManagement) and for void
reasons FCHV.
 You can create Bank Reconcilliation statement by TC FF67
(SAP/AC/Treasury/CashManagement/Incomings/ManualBankStatement) . Don't forget
to keep the opening Balance as zero. Use FBEA for post process.
 All the steps together will lead to (FF67) Bank reconciliation statement.

6. How do you configure electronic bank statement?
 1. Create account symbols
 2. Create gl accounts ans assign t account symbols
 3. Create posting keys:
 4. Posting rules
 5. Assign external transactions

7. How do you configure manual bank statement?
 configuration is required during electronic bank
statment not in mannual bank stament. In mannual
bank statment you just have to enter the data on
screen and save it.

8. What are the manufacturing cost of a producting?
Materail cost + Productions cost = Manufacturing cost

9. What is the difference between stock transfer between two
plants belongs to same company code and to that of different
company code?
 In 1st case it is called as intracompany stock transfer
and the 2nd case is inter company stock transfer
 Stock Transfer between plants of same compnay code
only includes inventory movement without any pricing
and so called Stock Transfer Order where Stock
Transfer between plants of different company code is
same as a purchase order as along with the inventory
there is also accounts transfer (pricing) involved.

10. In real time, How listing and exclusion is used ?
 Listing and exclusion is used in chemical and pharma
industries for ex:-Particular customer is not having a
valid licence of selling some chemical/Medicines and
he is ordering the same. in this case listing and
exclusion is usefull

11. What is the schema you use in Time Management?
Schema : TC00

12. What is the work relation between SAP-MM, SD and
fi/co modules?
SAP is the integration of all the modules and the topics
are very relavent to each other because basically its
management skillsetgroup. From manufacturing the
product/goods/services to reaching the customer. All
the transaction process is depending on sales area,
sales doc, item proposals, shipping, delivery and
billing.

13. In SAP-HR, What is the landscape of your project?
Landscape in SAP consists the following: 1. IDES =
Training Server2. Development Server* Configuration
(200 client)* Sandbox (210 client)* Data Change (220
client)3. Quality Server* Standby (300 client)* Testing
(310 client)4. Production Server* Pre-Production (400
client)* Real Production (500 client)

14. What is the role of abapers? What is the Work
Bench?
 Abaper is a application programmer who retrives the
data from the database and show it to the end-user
with the help of report..out of three layers of SAP the
abaper position is on Application Layer in which SAP
programs are develop and then transported to the
Production server...
 Workbench... The ABAP Workbench contains several
tools that allow you to edit specific repository objects.
like ABAP Editor , Menu PAinter etc...

15. How to integrate MM With Fico?
 By using transaction code OBYC we can get the details
of MM, Fico integration.
 Go to IMG settings in Financial accounting and do the
configuration for MM-FI settings
 Value from MM to FI is defined in OBYC…. on the
material master the flow of values are assigned on the
Costing, Accounting, etc tabs where the system helps
to post the necessary stock values into the appropriate
GL accounts. Helps to determine, the GL accounts
updated when there is a movement of goods.

16. How to create Tax Calculation Procedure?
 Tax calculation procedures based on the countries
depended. one country is using deferent of tax
procedures. We are creating new country also and at
what type calculation procedures presenrt is running
on the countryand it is assighned which country used.
 Tax calculation procedures based on the countrywise
using . and which country is used at what percent and
it is used on the country. We are creating new country
also at what percent it is used and it is assighned to
using of this country.

17. What is the difference between business area and
profit center?
 1:Business area is where the total business is valuated as a
whole
1:Whereas Profit centre is an area where the company/work
place allows the outside agency to use its machinery for
external profits (eq: A CNC machiine which can run 24 hrs
a day is utilised in our company for 15 hrs and the balance 9
hrs is let out for addition to the company's profit) is known
as Profit Centre.
2:Business area is related term to FI module and Profit centre
is related to CO module. One business area can have one or
more profit centres.
3:Business area is gared on external accounting where as
profit centers are used for internal accounting purposes

18. What is Legaccy System Migration Workbench? How
it can be carried out in SAP SD?
 LSMW is widely used by EDI programmers. EDI
Programmers connect the SAP system to Non SAP
system. During this Data migration is a necessity.
When data migrates from source to destination the
destination code is differrent from the source code. So
what LSMW does is * Converts the data in to batch
files* Then converts the batch files in to source code
batch files * And then mirgates data. Standard
Interfaces like BAPI or Idoc are used in this process.

19. What is the difference between the stock transfer between two
plants belonging to same company code and those belonging to
different company code?
 A stock transfer from plant to plant generally takes place within a
company code. It can, however, also take place between two company
codes, if the plants are assigned to different valuation areas, which
belong to different company codes.
 Unlike a stock transfer from storage location to storage location, a stock
transfer from plant to plant affects both accounting and Materials
Planning, as follows:
 * Accounting
 Accounting is affected if both plants are assigned to different valuation
areas. This means that a stock transfer leads not only to a quantity
update but also to a value update (stock value, G/L accounts). Thus,
parallel to the material document for stock transfer, an accounting
document is created.
 * Materials Planning
 Materials Planning is affected because a change of plant stock is taken
into account by Materials Planning.

20. What are the fields in purchasing view?
 - RFQ/Quotation- Purchase requisition- Purchase
order- Master data (Info record, Source
list, Conditions, Vendors etc.)v - Outline agreements

21. How do you create movement types? What are the steps
involved? When will you recommend a new movement type
 A movement type can be created using T code OMJJ.
Copying an existing movement type and modifying
the field contents can create a new movement type.
 The SAP system is delivered with some pre-defined
movement types from 100 to 899. 900 onwards can be
used for customized movement types.

22. What is meant by access sequence? When it is used?
Condition type has an access sequence assigned to it
which determines which tables to access for data and
in what sequence. This has a sequence of table based
on the most specific to most generic. It can be used for
any new condition type creation.

23. What are the types of special stocks available?
 Consignment stock - vendor- Components provided
to vendor- Project stock- Consignment stock –
customer- Pipeline material- Orders on hand

24. What are the steps involved in consignment cycle?
Consignment cycle is similar to a standard purchase
cycle. The difference it that no accounting document is
created at the time of goods receipts only QTY is
updated. It is settled once the same is utilized.

25. How is scrap accounted in subcontracting?
The scrap or the process loss can be adjusted while
doing a quality inspection of the material received
after subcontracting.

26. What is the difference between a contract and a
scheduling agreement?
A scheduling agreement can be made for
Consignment, Subcontracting and stock transfer. A
contract, also known as a blanket PO, can be made for
standard items and can be restricted to a Value or
QTY.

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