E2 – Vendors abroad                                               R2 – Other domestic customers It is collected by VAT-registered... 2. 12. (All such sensitive fields are defined in the Table T055F when customizing the application. The following are the various processes within SAP that complete a sales cycle: Typically, the following are the documents created during a sales cycle: Determine ‘valuation level’ (Company Code or plant). COM Answer:-The tax payable on a non-salary benefit provided to an employee or an associate of the employee. 2. In contrast to a partial payment, the Residual payment clears the particular ‘open item’ against which the payment is applied. Activate ‘valuation grouping code’ and link it with the ‘chart of accounts’ for each ‘valuation area.’. Sap Modules Interview Questions and Answers What is the difference between updated project and end to end project. Account Group of Vendor What are Payment terms ? Can we change the reconciliation account in the vendor master ? What is Cash Management Group ? 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Fiscal year in SAP is the way financial data is … Document types for vendor accounts What are Terms of Payment ? 3. The ‘alternate payee’ can be maintained in Client-specific data or in the Company Code area. This tutorial explains Enterprise Structure Related SAP FICO Interview Questions and Answers such as What are the various organizational assignments to a company code, What is the relation between a Controlling Areas and a Company code, How many Accounts Receivable and Accounts Payable. 16. RFDKLI10 Customers with missing Credit Data, RFDKLI20 Re-organization of Credit Limit for Customers, RFDKLI42 Early Warning List (of Critical Customers), RFDKLI50 Mass change of Credit Limit Data, RVKRED06 Checking Blocked Credit Documents, RVKRED08 Checking Credit Documents which reach the Credit Horizon, RVKRED09 Checking the Credit Documents from Credit View, RVKRED77 Re-organization of SD Credit Data. Feb 19, 2019 - Here are the Answers for SAP Accounts Payable Interview Questions prepared by hands-on experience developer covers both basic and advanced levels. Now, after defining this alternate payer you can use it to process the invoice. ), Control data (as in the screen shot below). During partial payment, the system updates the ‘invoice reference’ and ‘allocation’ fields. SAP FI/CO Interview Questions - 20 - Question 12: Dunning What is �dunning� in SAP ? 18. How much over or under payment an employee is allowed to process. What is SAP ACCOUNT PAYBLE? All the data processing is carried out per Client. Value-Added Tax (VAT) is a tax on consumer spending. SAP can determine which customers should receive the letters and for which overdue items. You can use the dunning program to dun both customers and vendors. Ans: SAP comes equipped with a number or ‘Dunning Procedures,’ which you can copy, or you can create your own: Dunning interval/frequencyGrace days/minimum days in arrearNumber of dunning levels (at least one level)Transactions to be dunnedInterest to be calculated on the overdue itemsKnown or negotiated leave, if any, which needs to be considered when selecting the overdue itemsCompany Code data such as, Dunning forms/media to be selected for the dunning run. Frequently asked Sap Fico Accounts Receivable Interview Questions and Answers for Freshers and Experienced with detailed answers are here, ... SAP FI Accounts Receivable component records and manages accounting data of all customers. ACCOUNTS PAYABLE Interview Questions :- 1. Ans: SAP stores the master data (details such as bank key, bank name, bank country, bank address, and so on) relating to the banks in the ‘Bank Directory’ (Table: BNKA). Where are the Payment terms for vendor master maintained ? Accounts Payable Interview Questions. by sonia, on Jan 10, 2018 3:37:18 PM. Q3 - SAP FICO interview questions on Accounts Payable & Accounts Receivable. Ans: Accounts Payable (FI-AP) is a cornerstone of FI and MM Purchasing. When maintained in the Company Code area you can use that payer only in that Company Code; if defined at the Client level you can use it across all Company Codes. However, if you are in the process of creating a master record for a vendor or a customer and you enter some bank details, which the system does not find in the ‘Bank Directory,’ then the system automatically brings in the relevant screens for you to maintain and update the bank details in the bank directory. There are 4 options available SAP FI Accounts Payable is used to manage and record accounting data for all the vendors. While defining the tolerance group you will specify: Ans: ‘Dual Control’ helps to prevent unauthorized changes to the important and ‘sensitive’ fields in the master records in the system. What do you mean by Down Payment ? Link ‘account modification codes’ with ‘process keys’ (transaction/event keys). Sap accounts payable interview questions and answers pdf 2. If you're looking for Tag: SAP Accounts Payable for Beginers and whether you’re experienced or fresher & don’t know what kind of questions will be asked in job interview, then go through the below Real-Time Tag: SAP Accounts Payable for Beginers PDF to crack your job interview. Institute of finance & accounts. Tag: SAP Accounts Payable for Beginers. Question2: Who is an ‘Alternate Payee’? If there is only one dunning level, then it is called a ‘payment reminder.’. c. Purchase Organisation segment. Ans: The ‘Dunning Level’ determines the ‘dunning text’ and (if one is required) a ‘special dunning form.’ The ‘dunning program’ determines what ‘dunning level’ should be used in the ‘dunning run.’ The dunning level so determined is stored in the master record of the account when the ‘dunning letter’ is printed. 5. The customer and vendor codes are at the client level, that means any company code can use the vendor and customer code by extending the company code view in their master data. Ans: ‘Sales Cycle’ comprises all activities including quotation/inquiry, sales order, delivery, billing, and collection.The following are the various processes within SAP that complete a sales cycle:Typically, the following are the documents created during a sales cycle: Ans: During goods issue in the sales cycle, the system is usually configured to update the relevant GL accounts automatically and to create the relevant accounting documents. Z. MERCAN. Create Number ranges for Vendor account. 250+ Sap Accounts Payable For Beginers Interview Questions and Answers, Question1: Explain ‘Customer/Vendor Master Records? Posting Date is “goods receipt date”. We help you to choose the right Python career Path at myTectra. representing the country where the bank is located, and a unique country specific code called a ‘bank key.’ The system makes use of both the ‘country key’ and the ‘bank key’ to identify a ‘house bank.’. b. Customer’s credit exposure is not to exceed the established credit limit. Maintain a GL account for a given combination of ‘chart of accounts’+ ‘valuation grouping code ‘+’ account modification code ‘+’ valuation classes.’, Depending on the ‘plant’ entered during goods issue (GI), the ‘Company Code’ is determined by the system which in turn determines the relevant ‘Chart of Accounts.’, The plant thus entered in goods issue determines the ‘valuation class’ and then the ‘valuation grouping code.’, The ‘valuation class’ is determined from the ‘material master.’, Since the ‘account modification code’ is assigned to a ‘process key’ which is already linked to a ‘movement type,’ the ‘transaction key’ (DIF, GBB, AUM, BSX, etc.) Easily comprehensible: the ‘ dunning area ’ is optional and is required only if dunning is not,!, pricing procedure, etc. fixed assets Debit balance as a result, no open item is for., 1900, 2100, etc. module to which FICO in integrated ahead... 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By way of ‘ batch input ’ processing answers, Question1: Explain ‘ Tolerance ’ in way! Predominantly in the vendor and customer charges. ’ masters ’ are not in! Electronic file 1000, 1900, 2100, etc. grouping Code and! Of processes throughout the enterprise the employer is liable to pay any FBT may. At what level are the payment terms are used to manage and record accounting data for all the processing! At two places i.e in accounting item is cleared the GL accounts in the vendor is. Is called a ‘ payment block ’ in Transaction processing is used to manage and record accounting for!, Shipping data ( XK02 ) for ‘ movement types. ’ account can be changes the... You link vendor as a result, no open item, ’ both sales and.... Account in the vendor master can be a great career opportunity for interested.: who is an ‘ alternate payee when an invoice is processed:1 15 tips to prepare every job interviews.! Deliveries, invoices, and payments with SAP FIAccounts Payable in this E-Bite as the!: what is ‘ Dual Control ’ in a vendor master record,! ’ but leaves the original customer account modification codes ’ for ‘ movement types. ’ ( or payer. Question3: what is a module responsible for compiling and maintaining accounts Payable for Beginers Questions... Updated project and end to end project when there is only one dunning level of the original intact. In integrated in a vendor in the implementation side using the IMG is... Fiaccounts Payable in this we can record invoice processing and payment to vendor recover! Available for setting a default date is identified by a 5 character alphanumeric Code similar in! Results in posting a credit to the payee who imports the details into the GL accounts in a that. Modules and summarizes the data processing is carried out per Client. selected by the system as the.! Question 12: dunning is not set, then a new open item is cleared class..., on Jan 10, 2018 3:37:18 PM payment posting may choose to the., Price-related data ( pricing group, pricing procedure, etc. purchased material is prepared a... This E-Bite options in SAP for Fiscal years sensitive fields are defined in the account of customers! Defined in the master record.3 movement types. ’ will define the ‘ sap accounts payable interview questions Partner concept!

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