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FI-CO interview questions and answers :: ALL Interview .com

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Question a n dp a y m e n tt e r m s

w h a ti sp a y m e n tt e r m s .w h a ti st h ed i f f .b / wt e r m so fp a y m e n t

Question Submitted By :: Goud This Interview Question Asked @ wipro Answer


T h ec o n d i t i o n su n d e rw h i c has e l l e rw i l lc o m p l e t eas a l e . T y p i c a l l y ,t h e s et e r m ss p e c i f yt h ep e r i o da l l o w e dt oa b u y e rt op a yo f ft h ea m o u n td u e ,a n dm a yd e m a n dc a s hi n a d v a n c e ,c a s ho nd e l i v e r y ,ad e f e r r e dp a y m e n tp e r i o do f3 0 d a y so rm o r e ,o ro t h e rs i m i l a rp r o v i s i o n s . t h ed i f f e r n c eb e t w e e nt e r m so fp a y m e n t&p a y m e n tt e r m si s t e r m so fp a y m e n ti sd e p e n do ns u p p l i e r s p o l i c y . p a y m e n tt e r m si sd e p e n do np u r c h a s e rp o l i c y

Answer

Ap a y m e n tt e r m si sak e yt od e f i n et h et e r m so fp a y m e n tf o rt h ev e n d o ro rc u s t o m e ra sp e rt h et e r m sa g r e e db e t w e e nt h e mt om a k et h ep a y E g :I fp a y m e n td o n ei n1 0d a y s5 %d i s c o u n tw i l lb eg i v e no nd u ea m o u n tl i k es oo n .I t sat e r mw h i c hd e f i n e st h ed u ed a t ef o rt h ep a y m e n

T h ed i f f e r e n c eb / wt h o s et w oi sT e r m so fp a y m e n tw ed e f i n ef o rc u s t o m e r sa n dp a y m e n tt e r m si sf o rv e n d o r sb o t hw en e e dt oa t t a c ht om a s

h a ti sc r o s sc o m p a n yc o d e? . Question W

Question Submitted By :: Sridhar www.allinterview.com/showqa/FI-CO/page6.html

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9/21/13 Question Submitted By :: Sridhar

FI-CO interview questions and answers :: ALL Interview .com

This Interview Question Asked @ TCS Answer


i fac o m p a n yh a v em o r et h a no n ec o m p a n yc o d e , t h o s ec o m p a n y c o d e sa r eu s i n gs a m ec o n t r o l l i n ga r e at h a tw ec a ns a ya sa c r o s sc o m p a n yc o d e , t h ec o m p a n yc o d e su s i n gs a m ec o n t r o l l i n g a r e as h o u l du s es a m ec h a r to fa c c o u n t s .

a n tt oj o i ns a pf i c ot r a i n i n gi nb a n g a l o r e ,s a pi n s t i t u t e Question I w i nb a n g a l o r e ?

Question Submitted By :: People-click Answer


S A PF I C OT r a i n i n g@P e o p l e c l i c kT e c h n oS o l u t i o n sP v t .L t d , B T MB a n g a l o r e . h t t p : / / w w w . p e o p l e c l i c k . c o m W h a ti sS A PF I C O ? S A PF I C Oi sa l s om e n t i o n e da sS A PF I / C O ,w h e r eS A PF Is t a n d s f o rS A PF i n a n c i a la c c o u n t i n ga n dS A PC Oi sC o n t r o l l i n g ( M a n a g e m e n ta c c o u n t i n g ) .T h i sm o d u l ei su s e dt om o n i t o ra n d r e v i e wt h ef i n a n c i a ls i t u a t i o no fac o m p a n y .U s i n gS A PF I C O , y o uc a nm o n i t o rt h ei n s i d eo p e r a t i o n sb yp l a n n i n ga n d c r e a t i n gr e p o r t sa n dq u i c k l yf i n ds o l u t i o n sf o ra c c o u n t i n g r e q u i r e m e n t s . T h ef i r s ta n dt h ef o r e m o s tp r e r e q u i s i t ei st h ea c a d e m i c c r i t e r i ai . e .t h ea p p l i c a n tm u s th a v ep a s s e da n yd e g r e e e q u i v a l e n tt oM . C O M ,I C W A ,B B A ,C M A ,C A ,B . C O M ,A C C Ao rM B A . T h ep r a c t i c a le x p e r i e n c eo fad o m a i ni sa l s on e c e s s a r yf o r t h ea p p e a r i n gc a n d i d a t ea sw e l l .T h ea p p l i c a n t sw h oh a v e w o r k e di nt h eb o o kk e e p i n ga n dc o s ta c c o u n t i n gf i e l df o ro n e y e a ra r et h ep e r f e c tc a n d i d a t e st ou n d e r g oS A PF I C O t r a i n i n g .I ns h o r t ,t h ec a n d i d a t em u s th a v et h eb a s i c k n o w l e d g eo fd o m a i n ,a c c o u n t i n g ,a s s e tm a n a g e m e n ta n d b a l a n c es h e e ti n f o r m a t i o n . F I / C OM O D U L E . F IF I N A N C E C O-C O N T R O L L I N G G L G e n e r a lL e d g e r C o s tE l e m e n tA c c o u n t i n g A P A c c o u n t sP a y a b l e C o s tC e n t e rA c c o u n t i n g A R A c c o u n t sR e c e i v a b l e s -I n t e r n a lO r d e rA c c o u n t i n g A A A s s e tA c c o u n t i n g P r o f i tC e n t e rA c c o u n t i n g B A B a n kA c c o u n t i n g

C E A C C A I O P C A

F I-F I N A N C E G E N E R A LL E D G E RA C C O U N T I N G . o o o o o o o o o O r g a n i z a t i o nS t r u c t u r e C o m p a n y C o m p a n yC o d e s B u s i n e s sa r e a,P r o f i tC e n t e r s F i n a n c i a lA c c o u n t i n gG l o b a lS e t t i n g s F i s c a ly e a rV a r i a n t F i e l dS t a t u sV a r i a n t T o l e r a n c eG r o u p s D o c u m e n tt y p e s&N u m b e rR a n g e s M a s t e rD a t a P a r a l l e lC u r r e n c i e s F o r e i g nC u r r e n c i e s I n t e r e s tC a l c u l a t i o n B u s i n e s sP r o c e s s( E a s yA c c e s sS c r e e n ) C r e a t i o no fG e n e r a lL e d g e rm a s t e r D o c u m e n tp o s t i n g s ,c h a n g e sa n dr e v e r s a l s A c c o u n tb a l a n c ev e r i f i c a t i o n

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h t t p : / / w w w . p e o p l e c l i c k . c o m o T e m p l a t e sl i k eS a m p l e,R e f e r e n c eD o c u m e n t s h t t p : / / w w w . p e o p l e c l i c k . c o m A C C O U N T SP A Y A B L E . o o o o o o o o o o o M a s t e rd a t a O u t g o i n gP a y m e n t M a n u a lP a y m e n t s A u t o m a t i cP a y m e n t s P a y m e n tM e t h o d s S p l .G Lt r a n s a c t i o n s A d v a n c e so rD o w nP a y m e n t s N o t e si t e m s P a y m e n tT e r m s&C a s hd i s c o u n t s B u s i n e s sP r o c e s s( E a s yA c c e s s ) C r e a t i o no fV e n d o rM a s t e rr e c o r d s P u r c h a s ec y c l e I n v o i c eP o s t i n g s A d v a n c ep a y m e n t s P a y m e n t s F o r e xl i a b i l i t yv a l u a t i o n

A C C O U N TR E C E I V A B L E . o o M a s t e rd a t a I n c o m i n g P a y m e n t M a n u a lR e c e i p t s C h e q u eD e p o s i t s

S p lG Lt r a n s a c t i o n s o C u s t o m e r( A d v a n c e s )D o w nP a y m e n t s o N o t e si t e m s o B i l lo fE x c h a n g e s P a y m e n tT e r m s&C a s hd i s c o u n t s D u n n i n gP r o c e s s B u s i n e s sP r o c e s s( E a s yA c c e s s ) h t t p : / / w w w . p e o p l e c l i c k . c o m h t t p : / / w w w . p e o p l e c l i c k . c o m o C r e a t i o no fC u s t o m e rM a s t e rr e c o r d s o S a l e sc y c l e o I n v o i c eP o s t i n g s o o o A d v a n c er e c e i p t s R e c e i p t s F o r e xl i a b i l i t yv a l u a t i o n

A S S E TA C C O U N T I N G : O r g a n i z a t i o ns t r u c t u r e o C h a r to fD e p r e c a t i o n o A c c o u n tD e t e r m i n a t i o n o S c r e e nL a y o u tR u l e s o N u m b e rR a n g e s o A s s e tC l a s s e s o o o o a . b . o o I n t e g r a t i o nw i t hG e n e r a lL e d g e r D e p r e c i a t i o nk e y s A s s e tU n d e rC o n s t r u c t i o nf r o mi n t e r n a lo r d e r s B u s i n e s sP r o c e s s( E a s yA c c e s s ) C r e a t i o no fA s s e tM a s t e r s A c q u i s i t i o no fA s s e t s S a l e so fA s s e t s T r a n s f e ro fA s s e t s I n t e rc o m p a n y I n t r ac o m p a n y D e p r e c i a t i o np o s t i n g s S e t t l e m e n to fA U C

B A N KA C C O U N T I N G H o u s eB a n k s o H o u s eB a n k s o B a n k sI d s o C h e c kl o t s C h e q u eD e p o s i t s M a n u a l&A u t o m a t i cb a n kr e c o n c i l i a t i o n C a s hJ o u r n a l h t t p : / / w w w . p e o p l e c l i c k . c o m

h t t p : / / w w w . p e o p l e c l i c k . c o m C O-C O N T R O L L I N G G E N E R A LC O N T R O L L I N G O r g a n i z a t i o ns t r u c t u r ei nC o n t r o l l i n g C o n t r o l l i n gA r e a

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C O S TE L E M E N TA C C O U N T I N G M a s t e rd a t aP r i m a r y&S e c o n d a r yC o s tE l e m e n t s A c c r u a l C a l c u l a t i o n C O S TC E N T E RA C C O U N T I N G M a s t e rd a t aC o s tC e n t e r s ,A c t i v i t yT y p e& S t a t i s t i c a lK e yf i g u r e C o s tC e n t e rP l a n n i n g A c t u a l P o s t i n g s P e r i o dE n dc l o s i n ga c t i v i t i e s I N T E R N A LO R D E RA C C O U N T I N G M a s t e rd a t aI n t e r n a lO r d e r I n t e r n a lO r d e rP l a n n i n g B u d g e t&A v a i l a b i l i t yC o n t r o l P e r i o dE n dc l o s i n ga c t i v i t i e s P r o f i tC e n t e rA c c o u n t i n g B a s i cS e t t i n g s M a s t e rD a t a P l a n n i n g A c t u a lP o s t i n g I N T E G R A T I O N M a t e r i a l sM a n a g e m e n t( M M )w i t hF i n a n c eI n t e g r a t i o n o V a l u a t i o nC l a s s o P r i c eI n d i c a t o r o A c c o u n tD e t e r m i n a t i o n o S a l e s&D i s t r i b u t i o n( S D )w i t hF II n t e g r a t i o n . h t t p : / / w w w . p e o p l e c l i c k . c o m o S a l e sp r i c i n gp r o c e d u r e o C o n d i t i o nT e c h n i q u e s o A c c o u n tD e t e r m i n a t i o n h t t p : / / w w w . p e o p l e c l i c k . c o m I N F O R M A T I O NS Y S T E M : 1 . B a l a n c eS h e e ta n dP r o f i tL o s sA c c o u n t . 2 . C h a r to fA c c o u n t s . 3 . T r a i lB a l a n c e 4 . G e n e r a lL e d g e r . 5 . U s e rM a n u a l . 6 . V e n d o rL i s t . 7 . V e n d o rW i s eP u r c h a s e s . 8 . A G EW i s eA n a l y s i so fV e n d o r s . 9 . D o w nP a y m e n tR e p o r to fV e n d o r s . 1 0 . V e n d o rL e d g e r . 1 1 . D u eD a t eF o r e c a s to fV e n d o r s . 1 2 . C u s t o m e rL i s t . 1 3 . C u s t o m e rW i s eS a l e s . 1 4 . A G EW i s eA n a l y s i so fC u s t o m e r s . 1 5 . D o w nR e p o r to fC u s t o m e r s . 1 6 . B i l lO fE x c h a n g eB a n kW i s ea n dP a r t y W i s e . 1 7 . D e p a r t m e n tW i s e/ T e l e p h o n eW i s eC o s t R e p o r tA c t u a lC o s ta n dV a r i a n c e . 1 8 . V e h i c l eW i s e /T e l e p h o n eW i s eC o s tR e p o r t A c t u a lC o s tV a r i a n c e . 1 9 . D e p a r t m e n tW i s ea n dM a c h i n eW i s eA s s e t s D e t a i l sG r o s sB l o c k ,A c c u m u l a t e dD e p r e c i a t i o na n dN e t B l o c k . 2 0 . D e p r e c i a t i o nF o r e c a s t . 2 1 . D e p r e c i a t i o nP o s t i n gP e r i o dW i s e . 2 2 . S c h e d u l eVA s s e t sR e p o r t . 2 3 . A s s e t sA d d i t i o nR e p o r t ,S a l eR e p o r t , P r o f i t / L o s so nS a l eo fA s s e t sR e p o r t ,A s s e t sT r a n s f e r R e p o r t s . 2 4 . A u d i tI n f o r m a t i o nS y s t e m . C o n t a c tu st o d a yt od i s c o v e rab r i g h tf u t u r ei nS A P . A R U NK R I S H N A N M o b i l e :9 9 7 2 1 2 3 0 0 4 0 8 0 2 6 6 8 9 1 0 0 / 2 6 6 8 3 0 0 4 E m a i l: i n f o @ p e o p l e c l i c k . c o m W e b s i t e : w w w . p e o p l e c l i c k . c o m

( S a pF I C OT r a i n i n gi nB a n g a l o r e ,m y s a pt r a i n i n g ,s a p ,s a p t r a i n i n ga n dj o b s ,s a pf i c ot r a i n i n gc o l l e g e ,s a pf i c o t r a i n i n gc o n s u l t a n t s ,s a pt r a i n i n gj o b s ,s a pt r a i n i n g r e s u m e ,s a pf i c ot r a i n i n gs c h o o l s ,s a pf i c ot r a i n i n g u n i v e r s i t y ,s a pf i c ot r a i n i n gi n s t i t u t e si nB a n g a l o r e )

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w h a ti st h ed i f fb e t w e e np r o f i tc e n t e ra / c t g a n dc o p a

Question

Question Submitted By :: Munna1680 Answer

c o s tc e n t e ra c c o u n t i n gi su s e dt ov i e wd e p a r t m e n tw i s ec o s t sw h e r ea sp r o f i tc e n t e ra c c o u n t i n gi su s e dt ov i e wp r o f i t a b i l i t yp r o d u c tw i

Answer

P r o f i tC e n t e rA c c o u n t i n gr e p r e s e n t sr e t u r no ni n v e s t m e n to fi n t e r n a lu n i t sa n di ti sat w od i m e n s i o n a lr e p o r t .

C O P Ar e p r e s e n t sp r o f i t a b i l i t ya n a l y s i so fap r o d u c to rs e r v i c ea tm a r k e ts e g m e n tw i s e .H e r em a r k e ts e g m e n tm i g h tb eac o m b i n a t i o no fd i

Answer

P r o f i t a b i l i t ya n a l y s i si su s e dt ov i e wp r o f i t a b i l i t yf o r n u m b e ro fp a r a m e t e r sa tt h es a m et i m ew h e r e a sp r o f i tc e n t e r a c c o u n t i n gd o e sn o th a v et h ep r o so fv i e w i n gan u m b e ro f p a r a m e t e r sa tt h es a m et i m e

Question

W h a ti st h ea d v a n t a g e so ff r e es e l e c t i o nt a bi na u t o m a t i c p a y m e n tp r o g r a m . w h a ti st h ee x a c tf u n c t i o n a l i t yo ft h i st a b .

Question Submitted By :: Svijay1026 This Interview Question Asked @ TCS

Answer

T h i si st h ea r e ai nw h i c hy o ui n p u tt h ev a l u e sw h i c hs h o u l db ei n c l u d e do re x c l u d e di nt h eA u t o m a t i cP a y m e n tP r o g r a m( e . g .F 1 1 0 ) .Y o ut Y o us p e c i f yal i s to fs i n g l ev a l u e so ri n t e r v a l sh e r e .

Question i st h el i n kt ot h ei n f or e c o r dw h i c ha r eu s e df o rt h e
c a l c u l a t i o n ?

I nw h i c ht a b l e sS A Ps a v ei n f o r m a t i o nf o ram a t e r i a l c a l c u l a t i o n ?If i n dK E K Oa n dK E P H .B u tw h e r e( w h i c ht a b l e s )

Question Submitted By :: Peter.pyschik This Interview Question Asked @ IBM Answer


id i n ' tg e tu rQ u e s t i o np r o p e r l y . . . s oit h i n k si t sr e g a r d i n gw h e r et h em a t e r i a lp r i c ei ss t o r e di fi ti sY E S . . . m a t e r i a lp r i c ei ss t o r e di nK O N Pa n dK O N V ( w h i c hrh e a d e ra n di t e mt a b l e s )

1 . g o t ot oS E 1 1T c o d e :e n t e rt h et a b l en u m b e ruh a v ec u s t o m i z e df o re x a m p l e i ti s0 0 1s oi nd a t a b a s ei ts t o r e sa saA 0 0 1 ( h e r euc a ns e 2 . N o wg o t oS E 1 6 N :e n t e rA 0 0 1e n t e rt h ek e yc o m b i n a t i o n . . . a n dc o p yt h ec o n d i t i o nr e c o r dn u m b e r . a n dn o we n t e rK O N PrK O N Vi nt h et a b l ea n t h i si sh o wt h es a pd e t e r m i n e s . . .

Answer

t h a n k sM r .K u m a rf o ry o u ra n s w e r P e t e r .

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