SAP® FI/CO Questions and Answers

SAP® FI/CO Questions and Answers

by V. Narayanan
Released March 2008
Publisher(s): Jones & Bartlett Learning
ISBN: 9781449613143

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Book description

This up-to-date “quick reference guide” is an easy, fast, and convenient way of learning SAP FI CO (including SAP R/3 4.70 Enterprise and SAP ERP(ECC)6.0); it also covers ABAP and Basis on the technical side, and MM, SD, and PP on the functional side to provide a thorough understanding of the SAP system. Separate sections on SAP Tables and SAP Transaction Codes guide you through the intricacies of the SAP modules and the 100-page section of SAP Terminology provides an excellent reference for mastering acronyms, codes, and definitions of the multiple components of this popular software.

Table of contents

  1. SAP® FI/CO Questions and Answers
    1. Copyright
    2. LICENSE, DISCLAIMER OF LIABILITY, AND LIMITED WARRANTY
    3. TRADEMARK ACKNOWLEDGMENT
    4. DISCLAIMER
    5. Dedication
    6. ABOUT THE AUTHOR
    7. ACKNOWLEDGMENT
    8. PREFACE (1/4)
    9. PREFACE (2/4)
    10. PREFACE (3/4)
    11. PREFACE (4/4)
    12. SAP BASICS
      1. 1. What is 'SAP'?
      2. 2. Tell me more about (the history of) SAP.
      3. 3. What are the 'Solutions' currently available from SAP?
      4. 4. What are the components of the 'SAP ERP' solution?
      5. 5. What is the significance of the 'SAP NetWeaver' platform?
      6. 6. What are the components of 'NetWeaver'?
      7. 7. What are the components of the 'SAP Business Suite'?
      8. 8. What are the most recent releases of the 'SAP R/3' solution?
      9. 9. What 'Industry Solutions' (IS) are available from SAP?
      10. 10. What is 'SAP xApps'?
      11. 11. What are all the components of 'SAP xApps'?
      12. 12. What is known as 'Duet'?
      13. 13. Explain the 'SAP Document Builder.'
      14. 14. Explain the 'SAP Solution Manager.'
      15. 15. Explain how 'mySAP ERP Financials' is better/different than 'R/3 Financial Accounting.'
      16. 16. What is an 'SAP Solution Map'?
      17. 17. What is 'SAP Business One'?
    13. ABAP AND BASIS
      1. 18. What is 'Basis'?
      2. 19. Explain the SAP R/3 'System Architecture.'
      3. 20. What is an 'Instance'?
      4. 21. What do you mean by the 'SAP R/3 System Landscape'?
      5. 22. What is an 'R/3 Data Dictionary'?
      6. 23. What is an 'SAP Business Object'?
      7. 24. Explain 'Client-Dependent' and 'Client-Independent' tables.
      8. 25. What are the different 'Types' of 'ABAP/4 Programs'?
      9. 26. What are 'Internal Tables'?
      10. 27. What is a 'Logical Database'?
      11. 28. What are the two methods for modifying SAP 'Standard Tables'?
      12. 29. What is 'BDC' Programming in SAP?
      13. 30. What is the 'BAPI'?
      14. 31. What is 'ALE'?
      15. 32. Is 'SAP XI' intended to replace 'ALE'?
      16. 33. What is an 'RFC'?
      17. 34. What is 'OLE'?
      18. 35. What is a 'Match Code' in SAP?
      19. 36. What is a 'Drill-down' Report?
      20. 37. What is 'ALV' programming in ABAP?
      21. 38. What is 'DynPro'?
      22. 39. What is an 'ABAP/4 Query'?
      23. 40. What are the components of 'SAPscript'?
      24. 41. Why do we need 'Enhancements'?
      25. 42. Differentiate 'Screen Painter' from 'Menu Painter.'
      26. 43. What is a 'Modification Assistant'?
      27. 44. What is a 'Spool Request'?
      28. 45. What is the 'CTS'?
      29. 46. What is a 'Transport'?
      30. 47. How do you find out who has 'Transported' a 'Transport Request'?
      31. 48. What is an 'Authorization' in SAP?
      32. 49. Explain the 'Client' concept of SAP.
      33. 50. How can you find the field/data underlying a 'Transaction'?
      34. 51. Explain 'LSMW.'
      35. 52. How do you transport 'LSMW' data from one system to another?
      36. 53. Can you transport 'Variants' of multiple programs in one step?
      37. 54. What is 'SAPNet'?
    14. PROJECT IMPLEMENTATION
      1. 55. What is 'ASAP'?
      2. 56. Explain 'ASAP Roadmap' phases.
      3. 57. List the tools for the 'Project Preparation Phase' of 'ASAP.'
      4. 58. List the tools for 'Business Case Development' in 'ASAP.'
      5. 59. List the tools for 'Project Management and Methodology' in 'ASAP.'
      6. 60. When do you use the 'ASAP BPML' tool?
      7. 61. Explain 'Hardware' sizing for a SAP implementation.
      8. 62. Explain 'ASAP BPML.'
      9. 63. What are 'BPPs' in ASAP?
      10. 64. Explain 'C-Maps.'
      11. 65. What is the advantage of SAP's 'Smart Implementations'?
      12. 66. What is the 'SAP Solution Architect'?
      13. 67. What is 'Configuration' in SAP?
      14. 68. What is the 'IMG'?
      15. 69. Explain the various 'Types' of IMGs.
      16. 70. What are all the various ways of 'Customizing'?
      17. 71. Why is the 'IMG' route of customizing easier than the 'Tables' route?
      18. 72. What is known as the 'Go-Live Check'?
      19. 73. When should you conduct 'Business Process Re-engineering' (BPR)?
      20. 74. What are 'User Parameters'?
    15. FINANCIAL ACCOUNTING (FI)
      1. GENERAL
      2. 75. Explain 'Financial Accounting (FI)' in SAP.
      3. 76. What are the 'Submodules' within FI?
      4. 77. Name the submodules within FI, from which FI-GL gets simultaneous postings.
      5. 78. Name three distinct characteristics of FI-GL.
      6. GLOBAL AND ENTERPRISE SETTINGS
      7. 79. What do you mean by 'Organizational Units' in SAP?
      8. 80. What are the important 'Organizational Units' in FI?
      9. 81. What is a 'Company'?
      10. 82. What is a 'Company Code,' and how is this different from a 'Company'?
      11. 83. What are the important 'Global Settings' for a Company Code?
      12. 84. Can you assign more than one 'Company Code' to a 'Company'?
      13. 85. What is a 'Business Area'?
      14. 86. Can you attach a 'Business Area' to a Transaction?
      15. 87. How do you post Cross-company Code Business Area postings?
      16. 88. What is the 'Credit Control Area' in SAP?
      17. 89. What is a 'Chart of Accounts'?
      18. 90. What are all the major components of a 'Chart of Accounts'?
      19. 91. What is an 'Operating Chart of Accounts'?
      20. 92. How does 'Group Chart of Accounts' differ from 'Operating Chart of Accounts'?
      21. 93. What is a 'Country Chart of Accounts'? Why do you need this?
      22. 94. Can one 'Chart of Accounts' be assigned to several Company Codes?
      23. 95. What is a 'Fiscal Year' and 'Fiscal Year Variant'?
      24. 96. How do you assign a 'Fiscal Year Variant' to a Company Code?
      25. 97. What is a 'Posting Period'?
      26. 98. How does the system identify a 'Posting Period'?
      27. 99. What happens when you post to year 2006 when you are in 2007?
      28. 100. What do you mean by 'Opening/Closing' Posting Periods?
      29. 101. What is a 'Posting Period Variant'?
      30. 102. Can you selectively 'Open' and 'Close' accounts?
      31. 103. Why is it not possible to post to a customer a/c in a previously closed 'Period'?
      32. 104. Can you open a 'Posting Period' only for a particular user?
      33. 105. What is a 'Special Period'? When do you use it?
      34. 106. What is the maximum number of 'Posting Periods' in SAP?
      35. 107. What is a 'Special Purpose Ledger'?
      36. 108. What variations are possible when defining a 'Fiscal Year'?
      37. 109. What is known as 'Year Shift/Displacement' in a Fiscal Year?
      38. 110. Can you have 'non-Calendar' months as 'Periods' in a 'non-Calendar' Fiscal Year?
      39. 111. What is a 'Year-dependent' Fiscal Year?
      40. 112. What precautions should you take while defining a 'Shortened Fiscal Year'?
      41. 113. Tell me more about a 'Shortened Fiscal Year.'
      42. 114. How do you open a new 'Fiscal Year' in the system?
      43. 115. How do you 'Carry-Forward' account balances?
      44. 116. Can you explain how 'Carry-Forward' happens in SAP?
      45. 117. Is there a prerequisite for 'Carry-Forward' activity?
      46. 118. How many 'Retained Earnings' a/c can be defined?
      47. 119. Can you have multiple 'Retained Earnings' a/c?
      48. 120. How do you maintain 'Currency' in SAP?
      49. 121. What is a 'Local Currency'?
      50. 122. What is a 'Parallel Currency'?
      51. 123. What is a 'Group Currency'?
      52. 124. What is the 'Global Company Code Currency'?
      53. 125. What is an 'Account Currency'?
      54. 126. What are all the prerequisites for posting in a 'Foreign Currency'?
      55. 127. How are 'Exchange Rates' maintained in SAP?
      56. 128. What is an 'Exchange Rate Type'? List some of them.
      57. 129. What is known as the 'Translation Factor'?
      58. 130. Is there an easy way to maintain Exchange Rates in SAP?
      59. 131. What is known as an 'Exchange Rate Spread'?
      60. 132. Explain the use of 'Direct' or 'Indirect Quotations.'
      61. 133. Explain how 'Taxes' are handled in SAP.
      62. 134. How is Tax calculated in SAP?
      63. 135. Explain the Configurations required for Taxes in SAP.
      64. 136. What is a (Tax) 'Jurisdiction Code'?
      65. 137. Tell me about the 'Tax Reports' in SAP.
      66. 138. How is 'Master Data' different from 'Transaction Data'?
      67. 139. Can you post an a/c document if the 'Credit' is not equal to the 'Debit'?
      68. GENERAL LEDGER ACCOUNTING
      69. 140. What is a 'Document' in SAP?
      70. 141. What is a 'Document Header'?
      71. 142. What is a 'Document Type'?
      72. 143. How is 'Account Type' connected to 'Document Type'?
      73. 144. What do you mean by 'Net' Postings'?
      74. 145. Explain the various 'Reference Methods.'
      75. 146. What is the 'Document Change Rule'?
      76. 147. Differentiate between 'Account Assignment Model,' 'Recurring Entries,' and 'Sample Document.'
      77. 148. What is a 'Line Item'?
      78. 149. What is a 'Posting Key'?
      79. 150. Differentiate between the 'Parking' and the 'Holding' of documents.
      80. 151. What is an 'Automatic Posting'?
      81. 152. What is 'Clearing'?
      82. 153. Explain 'Reversal of Documents' in SAP.
      83. 154. Explain 'True Reversal.' How is it different from regular 'Reversal'?
      84. 155. What is 'Fast Entry'?
      85. 156. How do you create 'GL Account Master Data'?
      86. 157. What is 'Collective Processing' of GL accounts?
      87. 158. What is 'Individual Processing' of GL accounts?
      88. 159. Is it possible to change an existing B/S GL a/c to the P&L type?
      89. 160. Why doesn't the system allow you to change the 'Tax Category' in a GL a/c master?
      90. 161. What is an 'Account Group'?
      91. 162. Describe 'Number Range Interval.'
      92. 163. What is a 'Screen Layout'?
      93. 164. What is a 'Field Status Group'?
      94. 165. What do you mean by 'Balances in Local Currency' only?
      95. 166. What is 'Line Item Display'?
      96. 167. What is 'Archiving'? How does it differ from 'Deletion'?
      97. 168. Tell me the two uses of 'Blocking' an account.
      98. 169. How do you configure the GL a/c for the 'House Bank'?
      99. 170. What is an 'Intermediate Bank'?
      100. 171. Explain 'Intercompany Postings.'
      101. 172. How can you manually 'clear' 'Open Items'? When?
      102. 173. How do you perform 'Period Closing' in SAP?
      103. 174. What is 'Pre-closing'?
      104. 175. Explain 'Financial Closing.'
      105. 176. What is a 'Financial Statement Version'?
      106. 177. What items are required in a 'Financial Statement Version'?
      107. 178. How do you ensure 'correct' balances in the 'Financial Statement Version'?
      108. 179. How do you perform 'Annual Closing' in SAP?
      109. 180. Explain 'Managerial Closing.'
      110. 181. What is the 'New FI-GL' in FI in ECC?
      111. ACCOUNTS RECEIVABLE
      112. 182. Explain 'Customer/Vendor Master Records.'
      113. 183. Who is an 'Alternate Payee'?
      114. 184. What is the 'Trading Partner' concept?
      115. 185. Explain 'Tolerance' in transaction processing.
      116. 186. What is 'Dual Control' in master records?
      117. 187. What is a 'Bank Directory' in SAP?
      118. 188. What is a 'House Bank'?
      119. 189. Explain a 'Sales Cycle' in SAP.
      120. 190. Explain 'Automatic Account Assignment' in SD.
      121. 191. Explain 'Revenue Account Determination' in SD.
      122. 192. Outline 'Credit Management' in SAP.
      123. 193. What is a 'Credit Check'?
      124. 194. Differentiate 'Static Credit Check' from 'Dynamic Check.'
      125. 195. List the Reports in 'Credit Management.'
      126. 196. How does 'Partial Payment' differ from 'Residual Payment'?
      127. 197. What is 'Payment Advice'?
      128. 198. Describe 'Lockbox' processing.
      129. 199. How can 'Reason Codes' help with incoming payment processing?
      130. 200. What is 'Dunning' in SAP?
      131. 201. What is a 'Dunning Procedure'?
      132. 202. What is the 'Dunning Area'?
      133. 203. Describe the 'Dunning' process.
      134. 204. Can you 'dun' customers across 'Clients' in a single 'Dunning Run'?
      135. 205. What differentiates one 'Dunning Level' from another?
      136. 206. How many 'Dunning Levels' can be defined?
      137. ACCOUNTS PAYABLES
      138. 207. Explain the 'Account Payables' submodule.
      139. 208. What documents result from 'Procurement Processes'?
      140. 209. Describe a 'Purchase Cycle.'
      141. 210. What is a 'Purchase Requisition' (PR)?
      142. 211. What is a 'Request for Quotation' (RFQ)?
      143. 212. What is an 'Outline Agreement'?
      144. 213. What is a 'Contract'?
      145. 214. What is a 'Release Order'?
      146. 215. What is a 'Scheduling Agreement'?
      147. 216. What is a 'Quotation'?
      148. 217. What is a 'Purchase Order' (PO)?
      149. 218. What is a 'PO History'?
      150. 219. Will the FI document be created with the Purchase Order (PO)?
      151. 220. Explain FI-MM Integration.
      152. 221. What happens, in SAP, when you post a 'Goods Receipt'?
      153. 222. Explain 'Invoice Verification' (IV) in SAP.
      154. 223. How do you deal with 'Tax' when you post an invoice?
      155. 224. What 'Variances' do you come across in Invoice Verification?
      156. 225. Outline 'Vendor Payments' in the SAP system.
      157. 226. Explain 'Automatic Payment Program.'
      158. 227. Explain 'Automatic Payment Program' Configuration.
      159. 228. How do you execute an 'Automatic Payment Program'?
      160. 229. Can you pay a vendor in a currency other than the invoice currency?
      161. 230. What is a 'Payment Block'?
      162. 231. How do you release 'Blocked invoices for payments'?
      163. 232. What is the 'Account Assignment Category'?
      164. 233. What is a 'Credit Memo'?
      165. 234. What are 'Special GL Transactions'?
      166. 235. Differentiate 'Free Offsetting Entry' from a 'Statistical Posting.'
      167. 236. What is a 'Noted Item'?
      168. ASSET ACCOUNTING
      169. 237. Explain 'Asset Accounting' (FI-AA).
      170. 238. What is a 'Lean Implementation' in FI-AA?
      171. 239. What are the kinds of 'Assets' in SAP?
      172. 240. Explain 'Complex Assets' and 'Asset Subnumbers.'
      173. 241. What is a 'Group asset' in SAP? When you will use this?
      174. 242. What is a 'Asset Super Number' in SAP?
      175. 243. What is a 'Chart of Depreciation'? How does it differ from a 'Chart of Accounts'?
      176. 244. How do you create an 'Asset Accounting Company Code'?
      177. 245. What is 'Depreciation'? Explain the various types.
      178. 246. Define 'Depreciation Areas.'
      179. 247. How do you set up 'Depreciation Area postings' to FI from FI-AA?
      180. 248. What is an 'Asset Class'?
      181. 249. Why do you need 'Asset Classes'?
      182. 250. What is an 'Asset Class Catalog'?
      183. 251. Is it possible to create 'Asset Classes' automatically?
      184. 252. What is an 'Asset Value Date'?
      185. 253. What is an 'Asset Master'?
      186. 254. Explain the two ways used to create 'Asset Masters.'
      187. 255. Is it possible to create multiple assets in a single transaction?
      188. 256. What is the 'Time-dependent Data' in an asset master?
      189. 257. Explain 'Asset Acquisition.'
      190. 258. What are automatically set in the asset masters during 'Initial Acquisition'?
      191. 259. Why it is necessary to 'Block' an asset master record?
      192. 260. How do you 'Delete' an asset master?
      193. 261. What is an '(Asset) Transaction Type' in FI-AA?
      194. 262. Explain 'Assets under Construction' (AuC) in SAP.
      195. 263. How do you capitalize AuC in SAP?
      196. 264. What do you mean by 'Low Value Assets'?
      197. 265. Explain 'Asset Transfer' in SAP.
      198. 266. What is a 'Transfer Variant'?
      199. 267. Explain 'Asset Retirement' in FI-AA.
      200. 268. Describe transfer of 'Legacy Asset Data' to SAP.
      201. 269. Outline 'Automatic Transfer of Old Assets.'
      202. 270. What is an 'Asset Transfer Date'?
      203. 271. Describe 'Mass Change.' How do you achieve this?
      204. 272. What is 'Periodic Processing' in FI-AA? Explain.
      205. 273. What is a 'Depreciation Key'?
      206. 274. What is an 'Internal Calculation Key'?
      207. 275. What is known as a 'Depreciation Run' in SAP?
      208. 276. Explain the various steps in a 'Depreciation Run.'
      209. 277. How does the system calculate 'Depreciation'?
      210. 278. Explain 'Derived Depreciation.'
      211. 279. What is known as a 'Repeat Run' in the depreciation process?
      212. 280. What does 'Restart a Depreciation Run' mean?
      213. 281. What is 'Depreciation Simulation'?
      214. 282. What is a 'Sort Version'?
      215. 283. Can you select 'Direct FI Posting' for a 'Depreciation Run'?
      216. 284. Explain 'Year Closing' in FI-AA.
      217. 285. Explain 'Asset History Sheet.'
      218. 286. What is an 'Asset Explorer'?
      219. 287. Explain 'Production Set-up' in FI-AA.
    16. CONTROLLING (CO)
      1. GENERAL CONTROLLING
      2. 288. Explain 'Controlling (CO)' in SAP.
      3. 289. What are the important 'Organizational Elements of CO'?
      4. 290. What is a 'Controlling Area'? How is it related to a Company Code?
      5. 291. Outline 'Company Code - Controlling Area' assignments.
      6. 292. Explain the different types of 'Controlling Area/Company Code' assignments.
      7. 293. What are the 'Components of Controlling'?
      8. 294. Why do you need 'Cost Element Accounting'?
      9. 295. Explain 'Cost Center Accounting.'
      10. 296. What is 'Activity-Based Costing'?
      11. 297. What is 'Product Cost Controlling' (CO-PC)?
      12. 298. What is 'Profitability Analysis' (CO-PA)?
      13. 299. How is 'Profit Center Accounting' (EC-PCA) different from CO-PA?
      14. 300. Explain 'Integration of CO' with its components and other SAP modules.
      15. 301. What is a 'Cost Object'?
      16. 302. Differentiate between 'Real' and 'Statistical Postings' in CO.
      17. 303. How do you define 'Number Ranges' in CO?
      18. 304. How does 'Master Data' differ from 'Transaction Data' in CO?
      19. COST ELEMENT ACCOUNTING
      20. 305. What is a 'Cost Element'?
      21. 306. What is a 'Primary Cost Element'?
      22. 307. What is a 'Secondary Cost Element'?
      23. 308. What is a 'Cost Element Category'?
      24. 309. How do you automatically create 'Cost Elements'?
      25. COST CENTER ACCOUNTING
      26. 310. Define 'Cost Center Accounting (CO-OM-CCA).'
      27. 311. What is a 'Cost Center'?
      28. 312. What is a 'Cost Center Category'?
      29. 313. What is a 'Standard Hierarchy'?
      30. 314. Explain posting of costs to 'Cost Centers.'
      31. 315. What is an 'Activity Type'?
      32. 316. Where do you assign Activity Type in Cost Centers?
      33. 317. What is a 'Resource' in CO?
      34. 318. What is a 'Statistical Key Figure' (SKF)?
      35. 319. Explain the 'Planning' steps in CO-OM-CCA.
      36. 320. What is a 'Plan Version'?
      37. 321. What is 'Integrated Planning' in CO-OM-CCA?
      38. 322. Explain 'Plan Layout.'
      39. 323. Explain a 'Plan Profile.'
      40. 324. How do you copy 'Plan Data' from one period to another?
      41. 325. What is the recommended Planning Sequence, in CO?
      42. 326. What are the two options for entering Plan Data?
      43. 327. What are 'Distribution Keys'?
      44. 328. Differentiate 'Activity-Dependent 'and 'Activity-Independent' Costs.
      45. 329. What is a 'Mixed Cost'?
      46. 330. Explain 'Manual Primary Cost Planning.'
      47. 331. Explain 'Automatic Primary Cost Planning.'
      48. 332. Explain 'Manual Secondary Cost Planning.'
      49. 333. Explain 'Assessment' in Secondary Cost Planning.
      50. 334. What is an 'Allocation Structure'?
      51. 335. Explain 'Segments' and 'Cycles.'
      52. 336. What is 'Iterative Processing' of Cycles?
      53. 337. What is 'Splitting'? Explain the 'Splitting Structure.'
      54. 338. What is an 'Activity Price Calculation'?
      55. 339. How does the system calculate the 'Activity Price'?
      56. 340. What is known as the 'Political Price' for an activity type?
      57. 341. What is 'Allocation Price Variance'?
      58. 342. What is 'Budgeting'?
      59. 343. What are the 'Direct Allocation' methods of posting in CO?
      60. 344. What is the 'Indirect Allocation' method of postings in CO?
      61. 345. Explain 'CO Automatic Account Assignment.'
      62. 346. How does 'Validation' differ from 'Substitution'?
      63. 347. What is a 'Call-up Point'?
      64. 348. What is 'Boolean Logic'?
      65. 349. Explain 'Reposting' in Cost Center Accounting.
      66. 350. Is 'Periodic Reposting' different from 'Reposting'?
      67. 351. Explain 'Manual Cost Allocation.'
      68. 352. What is 'Direct Activity Allocation'?
      69. 353. How do you calculate 'Accrued Costs'?
      70. 354. Describe the 'Reconciliation Ledger.'
      71. 355. What is 'Variance Analysis' in CO-OM-CCA?
      72. 356. What are the 'Categories of Variances' in CO-OM-CCA?
      73. 357. Explain the 'Input Variance.'
      74. 358. What is an 'Output Variance'?
      75. 359. How do you deal with 'Variances'?
      76. 360. What are all the 'Standard Reports' in CO?
      77. 361. What is 'Summarization' in CO?
      78. INTERNAL ORDERS
      79. 362. What is an 'Internal Order'?
      80. 363. How does an 'Individual Order' differ from a 'Standing Order'?
      81. 364. What are the 'Groups' of Internal Orders?
      82. 365. How do 'Statistical Internal Orders' differ from 'Real Orders'?
    17. LOGISTICS
      1. SALES & DISTRIBUTION (SD)
      2. 366. What are the components of the SAP SD module?
      3. 367. What are the important organizational elements of SAP SD?
      4. 368. Explain the 'Sales Organization.' How it is assigned to a 'Plant'?
      5. 369. What is a 'Distribution Channel'?
      6. 370. What is a 'Distribution Chain'?
      7. 371. What is a 'Division'?
      8. 372. Explain the assignments among Organizational Units in SD.
      9. 373. What is a 'Sales Area'?
      10. 374. Explain how 'Human Elements' are organized in SD.
      11. 375. Where and how is a 'Business Area Assignment' done?
      12. 376. A 'Plant' is assigned to which of the entities in the SD Organization?
      13. 377. How is the 'Shipping Point' determined by the system?
      14. 378. What are the important 'Customer Master Records'?
      15. 379. What are the various sections of the 'Customer Master Record'?
      16. 380. What is a 'Customer-Material Information Record'?
      17. 381. What is a 'Sales Order'?
      18. 382. Explain the process flow for a 'Standard Sales Order.'
      19. 383. Outline the process flow for 'Sales Returns.'
      20. 384. Describe the process flow for a 'Credit Memo.'
      21. 385. What are the 'Special Sales Document Types'?
      22. 386. What is the 'Consignment Stock Process'?
      23. 387. Explain 'Sales Document Blocking.'
      24. 388. Can you 'block' a transaction for a material that is 'Flagged for Deletion'?
      25. 389. Can items in a 'Sales Order' belong to different 'Distribution Channels'?
      26. 390. Can the items in a 'Billing Document' belong to different 'Distribution Channels'?
      27. 391. Differentiate between a 'Sales Area' and a 'Sales Line.'
      28. 392. Can a 'Sales Area' belong to different Company Codes?
      29. 393. What is the 'Storage Location Rule'?
      30. 394. How do you configure the 'Partner Determination Procedure' in SD?
      31. 395. Where do you define 'Unloading Points' and 'Goods Receiving Hours'?
      32. 396. Where do you define the 'Terms of Payment' for a customer?
      33. MATERIAL MANAGEMENT (MM)
      34. 397. What functions are supported in the SAP 'Material Management' (MM)?
      35. 398. What is 'MRP'?
      36. 399. Explain the basic 'Organizational Structure' in MM.
      37. 400. Define 'Plant' in SAP.
      38. 401. Explain the 'Storage Location' in SAP.
      39. 402. Explain the 'Purchasing Organization' in SAP.
      40. 403. Explain the 'Purchasing Group' concept in MM.
      41. 404. Explain the 'Valuation Area' concept in MM.
      42. 405. What is a 'Factory Calendar'?
      43. 406. Explain how SD and MM are connected in SAP.
      44. 407. Outline the functions supported by 'Material Master.'
      45. 408. Explain why a 'Material Master' is divided into 'Views.'
      46. 409. What information is available in the 'Accounting View' of a 'Material Master'?
      47. 410. Why do you need 'Material Types' in MM?
      48. 411. Explain the 'Price Control Indicator.'
      49. 412. Explain 'Prices Maintenance' for materials transferred from 'Legacy' to SAP.
      50. 413. What is the 'Material Status'?
      51. 414. What is the 'EAN'?
      52. 415. What are some of the 'Partner Functions' of a 'Vendor'?
      53. 416. What is a 'Batch' in the context of 'Batch Management'?
      54. 417. What are the possible values for 'Procurement Types'?
      55. 418. What are the 'prerequisites' for an 'MRP Run'?
      56. 419. What is an 'MRP Area'?
      57. 420. What is an 'MRP List'?
      58. 421. Explain the 'Re-Order Point' procedure.
      59. 422. Explain the 'Inventory Management' submodule.
      60. 423. What is 'Goods Movement'?
      61. 424. What is a 'Goods Receipt'?
      62. 425. Explain the 'accounting' side of GR.
      63. 426. What happens during a 'Goods Issue'?
      64. 427. Explain 'Stock Transfers.'
      65. 428. What is a 'Stock Type'?
      66. 429. Explain 'Return Delivery.'
      67. 430. What are all the various types of 'Physical Inventory'?
      68. 431. What is a 'Material Ledger'?
      69. 432. Explain 'Split Valuation.' Why is it necessary?
      70. 433. Explain the basic steps in 'Configuring Split Valuation.'
      71. 434. Outline 'Stock Valuation Methods' for material revaluation.
      72. 435. How does 'Automatic Account Assignment' work in MM?
      73. 436. Explain 'Automatic Account Assignment' configuration in MM.
      74. 437. Explain the 'Transaction Keys' in MM.
      75. 438. How does the system determine the correct 'GL a/c' for a posting?
      76. PRODUCTION PLANNING (PP)
      77. 439. Explain how the PP module is organized in SAP.
      78. 440. Explain how 'PP' is 'integrated' with other modules.
      79. 441. What is a 'BOM'?
      80. 442. What are the 'BOM Categories' supported by SAP?
      81. 443. What are all the 'Technical Types of BOM'?
      82. 444. Differentiate 'Variant BOM' from 'Multiple BOM.'
      83. 445. Is it possible to convert a 'Multiple BOM' into a 'Variant BOM'?
      84. 446. What is a 'Work Center' in PP?
      85. 447. What is a 'Routing' in PP?
      86. 448. What are all the 'Sub-components' of Production Orders?
      87. 449. What is a 'Product Hierarchy'?
      88. 450. Define 'BOM Group.'
      89. 451. Define 'SOP' (Sales & Operations Planning).
      90. 452. What is known as 'Demand Management'?
      91. 453. What is 'Capacity Planning'?
      92. 454. Explain 'MRP' (Material Requirements Planning).
      93. 455. What are the three 'MRP Procedures'?
      94. 456. What is 'MPS' (Master Production Scheduling)?
      95. 457. What is 'Consumption-based Planning'?
    18. MISCELLANEOUS
      1. 458. Explain 'Cash Management' in SAP.
      2. 459. What is the 'Cash (Management) Position'?
      3. 460. Explain 'Groupings' and 'Levels.'
      4. 461. Explain 'Liquidity Forecast.'
      5. 462. How do you set up 'Cash Management' in SAP?
      6. 463. Explain 'Bank Statement' in Cash Management.
      7. 464. What are the configurations for 'Bank Statement Processing'?
      8. 465. Differentiate 'Manual Check Deposit' from 'Electronic Check Deposit.'
      9. 466. Explain 'Travel Management' in SAP.
      10. 467. What is a 'Personal Action'?
      11. 468. What is an 'Infotype'?
      12. 469. Explain 'Travel Manager' in SAP.
      13. 470. What is a 'Value Pricer'?
      14. 471. What is a 'Schedule Manager'?
      15. 472. How do you use the 'Schedule Manager' in SAP?
    19. SAP TABLES
      1. FINANCIAL ACCOUNTING (FI)
      2. CONTROLLING (CO)
      3. SALES & DISTRIBUTION (SD)
      4. MATERIALS MANAGEMENT (MM)
      5. PRODUCTION PLANNING (PP)
    20. SAP TRANSACTION CODES (1/2)
    21. SAP TRANSACTION CODES (2/2)
      1. Basis & ABAP
      2. Financial Accounting (FI): Customizing
      3. Financial Accounting (FI): Transactions (1/2)
      4. Financial Accounting (FI): Transactions (2/2)
      5. Material Management (MM)
      6. Sales and Distribution (SD)
      7. Production Planning (PP)
    22. SAP TERMINOLOGY
      1. A (1/2)
      2. A (2/2)
      3. B (1/2)
      4. B (2/2)
      5. C (1/3)
      6. C (2/3)
      7. C (3/3)
      8. D (1/2)
      9. D (2/2)
      10. E
      11. F
      12. G
      13. H
      14. I (1/2)
      15. I (2/2)
      16. J
      17. K
      18. L
      19. M
      20. N
      21. O
      22. P (1/3)
      23. P (2/3)
      24. P (3/3)
      25. Q
      26. R (1/2)
      27. R (2/2)
      28. S (1/3)
      29. S (2/3)
      30. S (3/3)
      31. T
      32. U
      33. V
      34. W
      35. X
      36. Y
      37. Z
    23. APPENDIX: ABOUT THE CD-ROM
    24. INDEX (1/5)
    25. INDEX (2/5)
    26. INDEX (3/5)
    27. INDEX (4/5)
    28. INDEX (5/5)

Product information

  • Title: SAP® FI/CO Questions and Answers
  • Author(s): V. Narayanan
  • Release date: March 2008
  • Publisher(s): Jones & Bartlett Learning
  • ISBN: 9781449613143