Senior SAP Fico Consultant Interview Questions and Answers

APP-Payment Methods, Asset Accounting, BRS Configuration steps

• APP (Automatic Payment Program) in SAP FICO allows for automatic payment processing based on predefined criteria

• Asset Accounting in SAP FICO is used to manage and control assets within an organization

• BRS (Bank Reconciliation Statement) configuration involves setting up bank accounts, defining posting rules, and reconciling bank statements

Asset Accounting involves managing fixed assets, APP-Payment Methods are used for automatic payments, BRS-Configuration is for bank reconciliation, and FI-MM, FI-SD Configurations are integrations with MM and SD modules.

• Asset Accounting is used to manage fixed assets such as buildings, machinery, and vehicles.

• APP-Payment Methods are used to define how payments are processed automatically in SAP.

• BRS-Configuration involves setting up bank reconciliation statements to match comp...read more

To troubleshoot a posting error in SAP FI, I would analyze the error message, check the posting settings, review the transaction data, and consult with other team members if needed.

• Analyze the error message displayed in SAP FI to understand the nature of the posting error.

• Check the posting settings in SAP FI to ensure they are configured correctly.

• Review the transaction data entered to identify any discrepancies or incorrect entries.

• Consult with other team members or SAP expe...read more

The landscape in SAP refers to the environment in which the system operates, including servers, databases, and other components.

• The landscape typically includes development, quality assurance, and production environments.

• Each environment may have multiple servers, databases, and other components.

• Changes are typically made in the development environment before being moved to quality assurance and then production.

SAP APP process involves creating, posting, and clearing vendor invoices in SAP FICO module.

• Create vendor invoice in SAP

• Post vendor invoice in SAP

• Clear vendor invoice in SAP

Recon account is a general ledger account used to reconcile transactions between subledgers and the general ledger.

• Recon accounts are used to ensure that the balances in subledgers match the corresponding general ledger accounts.

• They are typically used in SAP FICO to track and reconcile financial transactions.

• Recon accounts help in identifying and resolving discrepancies between subledger and general ledger balances.

• Examples of recon accounts include accounts receivable, acco...read more

The SAP implementation process involves several key phases to ensure successful deployment and integration of SAP FICO solutions.

• 1. Project Preparation: Define project goals, scope, and team roles. Example: Establishing a project charter.

• 2. Business Blueprint: Gather requirements and document business processes. Example: Conducting workshops with stakeholders.

• 3. Realization: Configure the SAP system based on the blueprint. Example: Setting up financial modules like GL and AP....read more