Sap Fico Faqs

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SAP FI/CO Faqs

FI/CO Questions:

1. Whether any FI doccument will be created during PO(Purchase order)? If please mention the
entry also.
2. What factors differentiates from one dunning level and other dunning level?
3. APP There will be many banks in a house bank. If the payment should be maid from
particular bank GL account. Where it is need to configured.
4. What are various types of servers in SAP R/3
5. Can anybody explain me FI-MM integartion.pl explain in detail
i. movement types
ii. account class
iii. material types
6. Maximum no. of dunning levels are created?
7. In how many ways APP is configured
8. What is diff between AAM, Recurring entries, Sample doccument?

Find here with the answers for your questions:

1.Whether any FI document will be created during PO(Purchase order)?If pl mention the entry
also?

Ans: There is no document that is created in FI side during PO. But in controlling there can be
a commitment posting to a Cost Center. The offsetting entry is posted at the time of GR.

2.What factors differentiates from one dunning level and other dunning level

Ans: The most important thing that differentiates the dunning levels are the dunning texts. The
dunning text defines the urgency of the dunning notice. The other things can be the dunning
charges, minimum & maximum amounts etc.

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SAP FI/CO Faqs

3.APP

There will be many banks in a house bank. If the payment should be maid from particular bank
GL account. Where it is configured.

Ans: There can be several accounts in the same house bank. We should assign the GL
accounts exclusively at the time of creating the Bank master data and the bank accounts.
Accordingly we can do the bank determination in FBZP for the individual banks and the
corresponding sub accounts.

Tr code for Defining bank : FI12.

4.What are various types of servers in SAP R/3?

Ans: The Typical SAP landscape looks something like figure 1.4 below:

5.can anybody explain me FI-MM integartion.pl explain in detail

i. Movement types:

Classification key indicating the type of material movement (for example, goods receipt, goods
issue, physical stock transfer).

The movement type enables the system to find predefined posting rules determining how the
accounts of the financial accounting system (stock and consumption accounts) are to be posted
and how the stock fields in the material master record are to be updated.

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SAP FI/CO Faqs

ii. Valuation class

Assignment of a material to a group of G/L accounts

Along with other factors, the valuation class determines the G/L accounts that are updated as a
result of a valuation-relevant transaction or event, such as a goods movement.

The valuation class makes it possible to:

- Post the stock values of materials of the same material type to different G/L accounts
- Post the stock values of materials of different material types to the same G/L account

iii. Transaction/Event Key

Key allowing the user to differentiate between the various transactions and events (such as
physical inventory transactions and goods movements) that occur within the field of inventory
management.

The transaction/event type controls the filing/storage of documents and the assignment of
document numbers.

iv. Material Type

Groups together materials with the same basic attributes, for example, raw materials,
semifinished products, or finished products.

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SAP FI/CO Faqs

When creating a material master record, you must assign the material to a material type. The
material type you choose determines:

- Whether the material is intended for a specific purpose, for example, as a configurable
material or process material
- Whether the material number can be assigned internally or externally
- The number range from which the material number is drawn
- Which screens appear and in what sequence
- Which user department data you may enter
- What procurement type the material has; that is, whether it is manufactured in-house or
procured externally, or both

Together with the plant, the material type determines the material's inventory management
requirement, that is:

- Whether changes in quantity are updated in the material master record


- Whether changes in value are also updated in the stock accounts in financial accounting

6.Maximum no. of dunning levels are created?

Ans: 9 levels maximum.

7.In how many ways APP is configured?

Tr Code: FBZP

8.What is diff between AAM,Recurring entries,Sample doccument?

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SAP FI/CO Faqs

Account Assignment Model:

A reference for document entry that provides default values for posting business transactions.
An account assignment model can contain any number of G/L account items and can be
changed or supplemented at any time. In contrast to sample documents, the G/L account items
for account assignment models may be incomplete.

Recurring Entries:

A periodically recurring posting made by the recurring entry program on the basis of recurring
entry original documents.

The procedure is comparable with a standing order by which banks are authorized to debit rent
payments, payment contributions or loan repayments.

Sample Documents:

Special type of reference document. Data from this document is used to create default entries
on the accounting document entry screen.

Unlike an accounting document, a sample document does not update transaction figures but
merely serves as a data source for an accounting document.

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