Fresher Than Fresh SAP Fico Consultant Interview Questions and Answers

Q1. What is document splitting ?
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Q2. What is profit center ?
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Q3. Why you choose a sap field ?
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Q4. Why use a cost element ?
Ans. 
Cost elements are used to track expenses and revenues in SAP FICO.
• Cost elements are used to record expenses and revenues in the general ledger.

• They help in tracking the cost of goods sold, overheads, and other expenses.

• Cost elements are assigned to cost centers and profit centers to track costs and revenues.

• They are used in cost accounting and management accounting to analyze costs and profitability.

• Examples of cost el...read more
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Q5. What is withholding tax and when we use this ?
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Withholding tax is a tax deducted at source from payments made to vendors or suppliers.
• It is a tax deducted by the payer from the payment made to the payee.

• It is applicable on payments made to vendors or suppliers for goods or services.

• The deducted tax is paid to the government on behalf of the payee.

• It is used to ensure tax compliance and prevent tax evasion.

• Examples include TDS (Tax Deducted at Source) in India and W...read more
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Q6. Why use a business area ?
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Q7. What we need defined fiscal year ?
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Based on aptitude and retail

Group of 12 people.. in which there is filtration after 3 minute

Q1. Introduction, why should we hire your, your salary expectation
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Q2. Salary expectation
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Q1. What are the roles and responsibility
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Q1. Tell me about yourself
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Q2. Sell a pen for me
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Q1. Explain Project Phases
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Project phases are distinct stages in a project's lifecycle, each with specific goals and deliverables.
• Initiation: Define project scope, objectives, and stakeholders.

• Planning: Develop project plan, schedule, and budget.

• Execution: Implement project plan and deliver project deliverables.

• Monitoring and Controlling: Track project progress and make adjustments as needed.

• Closing: Finalize project deliverables and hand off to...read more
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Q2. Explain the architecture of your project
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Q1. Why we provide this job to you
Ans. We want to work with this company for knowledge or experience
Answered by Digvijay Singh
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Q1. Why did you left your last job
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Q1. What is EPFO and ESI?
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EPFO stands for Employees' Provident Fund Organisation and ESI stands for Employees' State Insurance. They are social security schemes for employees in India.
• EPFO is a retirement benefits scheme for employees in India, managed by the Employees' Provident Fund Organisation.

• ESI is a health insurance scheme for employees in India, managed by the Employees' State Insurance Corporation.

• Both schemes are mandatory for employe...read more
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Q2. How to fill the manpower or employees?
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Manpower can be filled by sourcing candidates through job portals, social media, employee referrals, and recruitment agencies.
• Utilize job portals to post job openings and attract candidates

• Leverage social media platforms to reach a wider audience

• Encourage employee referrals for potential candidates

• Collaborate with recruitment agencies to find suitable candidates
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Q1. What is the EPFO and ESI percentage?
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Q2. Meaning in HR?
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Meaning in HR refers to the significance or interpretation of a concept or action within the context of human resources.
• Meaning in HR involves understanding the implications and significance of policies, procedures, and decisions within the organization.

• It also includes interpreting employee behavior, performance, and feedback to make informed HR decisions.

• HR professionals need to communicate the meaning of various HR ...read more
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