Fico questionns

Subject: Interview Questions FICO
Result: I need Answers for the following questions
1.     What is meant by zero invoices?
2.     How u create vendor and customer GL accounts in real time?
3.     APP configuration steps?
4.     Where u creating qadb in sap?
5.     In fi-mm integration how u post cetral exise?
6.     what is meant settlement rule in controlling?
7.     How u maintain cross company codes settings for inter company payments?
8.     How u maintain head office settings in sap?
9.     What is meant by costing variant in product costing?
10.     What is maximum possible exchanges deviation in u r project?
11.     Print out for customers and vendors?
12.     How can u change date settings?
13.     What type of closing entries u have passed?
14.     Hoe do u configure to vendor clearence?
15.     In controlling how u can do budget control for statistical postings?
16.     In asset accounting how u prepare capital budget?
17.     What is difference between plan delivery and UN planed delivery costs?
18.      IN ALE we can transfer data to cross company codes or it is useful only for business partner?
19.     Valuation class is it assigned to material?
20.     Functional areas where we assign functional areas?
21.     Can u make down payments through app?
22.     What is base line item?
23.     Reason codes?
24.     When mm integration takes place entry at goods delivery, goods issued billing?
25.     What is the key that used in mm integration for foreign exchange dif?
26.     Techniques used for data migration?
27.     Difference between report painter and report writer?
28.     Clearing procedure for GR/ IR ACCOUNT?
29.     Asset master data uploading?
30.     Difference between realized and UN realized exchange gain?
31.      B.R.S CONFIGURATIONS?
32.     Document entry for po?
33.     WE have 3 banks and available balance is zero what would be error?
34.     Can u create own document if yes how?
35.     Foreign currency settings and revaluation?
36.     What is ranking order in app?
37.     Alternative payee concept?
38.     Customer himself is vendor and vice versa concept?
39.     Hoe the tax depreciation is excuted?
40.     How the asset procurement takes place?
41.     How do u upload asset through SCAT?
42.     How do upload asset at beginning and middle?
43.       Where do u control header data?
44.     How do u know to which customer u need to dunning?
45.     Special GL in balance sheet procedure?
46.     Sales cycle in integration corresponding accounting entries and exactly which point gi will get effects?
47.     IS it possible to give depreciation key to multiple depreciation areas?
48.     Parallel currency set up?
49.     WHY DO U REQUIRE Parallel currency?
50.     Is it possible to give us currency for one company code and INR for another comp code?
51.     Does MM SD HAVE DIFFERENT POSTING PERIODS IN DIFFERENT FROM FI?
52.     OPENING AND CLOSING PERIODS DONE IN MM
53.     How many currencies can be give to a GL Accounts?
54.     Are they any SLAS IN PRODUCTION?
55.     How did u login into system and solved tickets?
56.     Integration FI-MM AND SD full cycle and accounting entries?
57.     From G/L accounts data is not getting update in special purpose ledger (data flow not happening for some company codes) what all be reason?? How to rectify it?
58.     I wish to know the total procedure that we follow for support project i.e. how we get the tickets and how we will send back to client and tool we use? And whts mainly difference between 4.7eee and 6.0ecc what does ecc mean?
59.     What is global company code? Have u worked on that?
60.     What Sap standard organization structure?
61.     What is T code for uploading bulk vendor master data?
62.     What do u means by goods clearing? What are the journal entries for clearing of goods?
63.     What do u means by cost carrier?
64.     IN APP if we want to create cheques.one stanrd variant name available in SAP. What is name?
65.     How many ways we can create GL accounts?
66.     Where we assign functional area?
67.     How many kinds of number ranges are there?
68.     Reason codes meaning?
69.     Organizational structure of FI?
70.     Organizational elements in FI?
71.     Payment method supplement?
72.     MM integration entry for goods deleviry, goods issued and billing?
73.     Difference between BAL interest calculation and item interest calculation?
74.     Where u customizes particular payments?

Subject: Interview Questions FICO
Result: NO ONE WOULD HAVE THAT PATIENCE AND TIME TO ANSWER ALL YOUR QUESTIONS.TRY EXPLORING ON YOUR OWN.

Similar Messages

FICO question

Hi all,
is there a reason for the following, I need to know why is this good or bad.
reasons against and impact of having a go-live date in the middle of a financial period rather than at period end?
thanks all

Hello,
If your go live is in between a year: you have to prepare a shortened fiscal year for the shortened year.
Later when the next year you are starting extend the shortened fiscal year to full length fiscal year and carry.
Regards,
Ravi

Fico questions

hi gurus,
1.what is dual control principle?
2.Define the sap document principle?
3.What is the number of cross company code based on?
4.you run BA adjustment for?what is BA adjustments.

Hi.....
Dual Control Principle: If you define a field in the customer/vendor master record as, sensitive the corresponding customer/vendor is blocked for payment if the entry is changed.
Unless the debit is equal to the credit in a document you cant save the doc is SAP. This is the doc principle.
The cross company code document number is a combination of the document number of the first company code, the first company code number, and the fiscal year.
Assign points if useful
Regards
Aravind
Message was edited by:
A.Aravind

Fico model questions

Can some help me to get fico model questions..

Hi
Some of the FICO Q's are as follows:-
1. I have created GL master without selection open item management and I have posted business transactions to that GL. Now client wants to change that GL to open item management. is it possible...how?
2. While creating asset master we have two options. One is using asset class and another one is using existing asset master. Here the question is what default values to be provided by asset class and existing asset master to newly created asset master?
3. What is the role of FI consultant in FI-SD integration?
4. Give some examples of GL accounts that should be posted automatically through the system and how is this defined in the system.
5. What is an Account group and where all is it used?
6. What is a field status group?
7. What is a Financial Statement Version?
8. How are input and output taxes taken care of in SAP?
9. What are Validations and Substitutions?
10. Is it possible to maintain plant wise different GL codes?
11. Is Business area at company code Level?
12. What are the different scenarios under which a Business Area or a Profit Center may be defined?
13. What are the problems faced when a Business area is configured?
14. Which is the default exchange rate type which is picked up for all SAP transactions?
15. Is it possible to configure the system to pick up a different exchange rate type for a particular transaction?
16. What are the Customizing prerequisites for document clearing?
17. Explain the importance of the GR/IR clearing account.
18. How is Vendor Invoice payments made?
19. How do you configure the automatic payment program?
20. Explain the entire process of Invoice verification from GR to Invoice verification in SAP with accounting entries?
21. How are Tolerances for Invoice verification defined?
22. Can we change the reconciliation account in the vendor master? If so, and how? What is the impact on the old balance?
23. What is the difference between primary and secondary cost elements?
24. What is the difference between Assessments and distributions?
25. What is the difference between profit center and profitability analysis?
26. What is the difference statistical order and real orders in internal orders?
27. What is statistical key figure?
28. What is the difference between Cost center and internal orders?
The above are only a few. If you browse throughe you will come across various sites providing SAP FICO questions.
Regards
Phani

FICO Cerfication Questions

Hi Everyone,
If any one has sample FICO question, please pass them to [email protected]
Thanks in advance
Periasamy

Hi,
Here your first question:
- FiCo, is it a part of SAP XI?
Good luck.
Mickael

FI/CO question

Dear SAPPERS
anybody please send me FICO questions in pdf format.
I appreciate your help.
My email ID [email protected]

hai srni
can you please forward me as well i am taking certification on 10 jan 08
if you have any thing use full for certification please do send
my mail id is [email protected]
kindly do the needfull
thanks
suman

Exam Paper for FICO module

Hi all,
Any one can please forward the FICO exam paper link.
Thanks and regards,
Dev

Hi,
Please be clear about your question.If you are asking for certification questions,refer to this website
http://www.sap-img.com/zf006.htm
Additionally refer to this website
http://www.amazon.com/exec/obidos/ASIN/1933804106/sapinformation0e
Search in this forum with key word fico questions, you may find tons of information.
Please let me know if you need more information.
Assign points if useful.
Regards
Sridhar M

What is effect of closing account?

Now that Cap One is making it as easy as pie to merge one account into another, one question I have is what effect will the closing of the merged account have on my score? In my case, e.g., I would be merging a 1 year old account into a 3 year old account. The 1 year old account would be closed. How would this transaction be interpreted by the FICO algorithm monster?

Hello SJ! Always good to see you on here. This looks like another one of your posts where I learn something new. I didn't know there was such a thing as "merging", though I am not surprised. I can certainly answer the "FICO monster" question as long as I am sure I understand what merging in this case means for the credit bueaus. If I understand you right, it means that Cap 1 will be transfering the balance from the 1-year account onto the 3-year account. And then they will update your 1- year account with the status "closed" (with a date closed as of the day that the merge occured). But the act of merging doesn't result in your 1-year account being deleted from the three CRAs -- just closed. Your 3-year account will have the same credit limit as it did before the merge. Is that all correct? If I got all that right (there were several assumptions) then it's easy to figure out what FICO will do. You will have a new total credit limit -- whatever your previous limit was minus the CL of the closed card. That will have a small effect on your total U, easy for you to figure that out. Your AAoA will not change in any way, since the closed account is still on your reports and will continue to age. 10 years from now the closed account will fall off your reports, having a small effect on your AAoA. As you can see, the key question is not What Will FICO Do (there should be a tshirt for that), but what will the CRA do? The key questions are (1) whether the 1-year account is deleted from the report or simply closed and (2) whether the 3-year account still has the same CL as it did before. I don't know how Cap 1 works with that. But once you know the answers to the CRA question, then you can answer the FICO question.

Fico interview questions and Real time tickets with resoving details

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hi sap gurus
i have done sap-fico iam in job trails. can any body help me Fico interview questions and Real time tickets with resoving details
regards
prasad.v
Edited by: chinna prasad on Jun 5, 2008 4:10 PM

Hello Prasad,
Before attending interviews.....First you need to understand general things like CV writing, projects, sub modules etc., you should be gain knowledge on these concepts then you can move further.
1. CV 2.Projects 3.your strenths in sap (reading..reading...reading....practice...practice...practice)
2.you please interact with your friends who is on trails, then you can get more information like interview process, methodology, technical etc.,
I am sending some real time interview tech questions which will useful for you.
Questions:
1.When tickets are raised by end users who will give priority? After resolve the tickets who will close the status?
2.In real time at a time how many normal periods, special periods, MM periods we can open?
3.What is client dependant & Independent?
4.How to transport configuration settings from one client to another client or production client, which tools we can use for transport?
5.Why we donu2019t assign business area to company code?
6.What is the difference between General GL A/c, Control A/c, Reconciliation A/c & Offsetting A/c?
Answers:
1.The priority is generally decided by the Coordinator on the client side. After tickets are resolved, they will have to be closed by the coordinator on the customer site
2. In FI as many as you wants. In MM only 2 (current month + previous
3.Certain tables and customizations made in one client will affect the other clients also - then it is cross client i.e, client dependent. While if the changes made in one client has no impact on the other client - it is said to be client independent
4.Transports from one server to the other can be made with the help of transport requests. When a configuration is done the system generates a request number. First release the task and then release the request. Use TC-SE10 / SE09, SE09: workbench transport; SE10: customizing transport. But currently no such difference actually exists.
5.because in case of multiple company codes, same business area can be used across company codes. Business area is cross company code, means it is not confined to one company code thatu2019s why we don't assign BA to any of the company codes. It is client dependant, not company code dependant. We can pass values from one company code to any of the BA in that client.
6.General GL Account are those used for standard posting like for example Income and Expenses Accounts
- Control Account are basically used for reconciliation between modules like FI and CO, to ensure that both the modules are in sync.
- Reconciliation Account are those specific covering ADK (A-Assets, D-Customer, K-Vendor). For example a Customer Master would be mapped to a Bills Receivable Reconciliation Account and any transaction that needs to be posted are done against the customer code.
- Offsetting Account are used for variety of reasons and few examples are Intercompany Postings, at the time of Implementation when TB and Balance sheet are uploaded would be offsetted against a dummy account.
All the best.....dont forget and pl assign points if useful and if u have any querries pl revert back
thanks
Anil

Distributed FICO and HR/PY and EBS Questions

Hi experts -
Changing our landscape from a single integrated system to a distributed HR/PY and FICO environment (I.e. 2 different instances). In the distributed architecture I understand the Payroll Check (tcode RFFOUS_C) print program still runs in the HR/PY instance and the check register is also updated in the HR/PY instance. However, the GL posting that include open item managed bank clearing account(s) for payroll checks is updated only in the FICO instance (via ALE) by the Posting to accounting process.
Can anyone tell me how and where the EBS should be run to clear the payroll checks and the GL payroll check clearing open item account? Again, the payroll checks will be in the check register in the HR/PY system but the GL payroll check clearing open item account will be in FICO instance.
Anyone out there have experience with this scenario?
Thanks!

Have you worked specifically with a distributed HR/PY and FICO architecture? Or, are you answering this question based on your understanding of the payment process from FI? If you have not worked hands-on with the distributed HR/PY and FICO architecture I do not think you understand the issue.
In the distributed HR/PY architecture the payroll checks are created in the HR/PY instance. The creation of the GL entry for the payroll check bank clearing account is created by an entirely separate process - the PY GL Posting run and the distributed model posts the GL to the FICO instance. Therefore, the check register is in the HR/PY instance and GL payroll check bank clearing account in in FICO.

Certification Question SAP FICO

Hi friends
Hi have my certification exam in first weak of November 2007 (SAP FICO). Please send type certification questions so that i can prepare well.
Thank you very much in advance
Rajesh
Edited by: Ian Kehoe on Oct 13, 2009 4:37 PM

Below is the link for SAP FI Ecc6 sample questions.. this is vey useful
http://www.daypo.net/certification-fi-v6-0.html
The format of the question are in same sets as in real certification examination giving you a mock test feel.
Hope it helps
pls assign points as way to say thanks

Citi FICO Equifax Score question

Hi, probably answered before... but couldn't find it. My Citi Prestige card provides me with a FICO score from Equifax. It is 771. What score is that ? Is it a real FICO score ? They don't state the range like 300-850 or so. Who has more information or a link ? Thanks.

Hi Beck. I believe that most or all Citi cards get it now. My Citi Double Cash gets the free score. But since that is a pure Citibank question, you probably should just call them and they'll tell you. Ammer... As far as how to interpret the BankCard Enhanced version of FICO 8, that's an interesting question. Because that score can in theory get as high as 900, the closer your BCE score is to 851, the higher the probability is that your standard FICO 8 (300-850) will be lower. (If you have a BankCard Enhanced score of 851 it is 100% certain that your standard FICO 8 is lower.) Since your BCE score is 771 a fair guess is that your standard score is not much higher (though it could be). If you sign up for the myFICO monitoring package, you'll get almost every score under the sun, including the BCE and standard score using the EQ data. Even if you don't want to pay for the monitoring service indefinitely, it might be helpful to compare the two scores. Suppose one is 771 and the other is 768. You can't conclude with certainty that your standard score will always be 3 points lower than the BCE score, but that would give you some grounds for believing that the two scores are (in your case) pretty comparable.

Fico score question and mortgage lenders

Sorry so long...I've been slowly but surely building my credit up. I subscribe to USAA's credit monitoring service which goes thru Experian and allows all 3 credit scores every 30 days. Last month, my scores were 680+ on 2 (Equifax and Transunion) and 620 on Experian because of a recent collection. My loan officer pulled my credit and agreed. He said I was good as long as 2 of the bureaus were 680 or above. I disputed the recent collection and it was removed. I pulled my credit score for Experian again and it went to 680. Last night my loan officier sent me the inital loan documents and I saw that my interest rate had increased by .25% and only my Equifax was over 680. My Transunion had dropped to 673 and my Experian still showed 620. I asked him about it today and he said that he pulled my scores 2 days ago and these were the new scores. Neither I nor him could find a reason why my scores went down. I get alerts whenever anything hits my credit and I haven't had any inquires or new lines of credit since I started the loan process. My questions are: 1. Does the mortage company use a different algorithm then credit monitoring services, ie, Experian2. Why would my score change but neither one of us see a difference in my credit report explaining why.

Comments inline. gettinto800 wrote:
Others have more expertise but here's what I've learned as we are going through the mortgage process. Your LO should give you a copy of the credit report he pulled. They pull mortgage scores. On the credit report it will show you what they pulled. Most LO use a credit pulling firm to pull. It will say like FICO-II TU CLASSIC 04 BEACON 5 etc. A) Be careful with your LO doing too many hard pulls. This alone can hurt your credit. When he pulled the credit report and the numbers/your score was good -- why wouldn't he just use that? I don't understand that. A credit pull by a lender is good for 90 days. To pull again 2 days later doesn't make sense. Even if it was just a "soft pull" on there part or an "update" pull to your score. Others can comment on this but to me it seems strange to pull 2 days later. Unless it was a "rapid rescore," maybe? Which is hit and miss from what I've read. Not sure why they did a double-tap, but doesn't matter: grace period of 30 days if the mortgage inquiries are properly coded (all mine were from 3 different lenders) and there's a 14-45 day rollup period where it will only count as a single scorable inquiry. B) If your score changes and you don't know why -- it could be the inquiry it could be a mystery! This is what is so hard, I'm finding, in doing the mortgage process. They use different scores and it's very hard to get an accurate picture of what's going on. I've had no luck with MyFico alerts. It will claim more score jumps 7 points because of an address change. Really? (It was a typo that somehow got on there, I have no idea, I never changed my address). You would have to pull your reports (which is a soft pull and doesn't impact you) and analyze it and compare it to the previous one to figure it out and you still might not know. You're right on both counts that take the alerts with a grain of salt, the scores are different; however, FICO isn't capricious, if you have access to the base data it can be figured out virtually every time. Something changed to account for a 7 point difference, might be small and hard to spot (age of tradelines or what not) or something obvious like a balance change. That said, to me, 673 vs 680 doesn't seem like that much. I don't know if that should equal a .25% rate change. Maybe, I don't know enough about that. Maybe you're in a different tier then. Not sure. That said, if you look at your UTI and stuff hopefully you could get it back up there. 680 is a Tier for virtually every mortgage lender on the planet. Certainly is for conventional and I think FHA loans too though I don't know those as well. To us as consumers, a 7 point swing is whatever, except when we're in the mortgage process and playing on a tier boundary without a gold-plated score to begin with... then it matters a great deal. Big enough that if it were me I'd be scrutenizing my reports, and if it were fixable I'd do so and have them pull again.

Sets of Question Papers and answers for SAP ECC 6.0- FICO Module

Hi,
If anybody has some material on sets of question papers and answers of SAP ECC 6.0 FI- CO Material please mail the same on [email protected]
Useful replies will be awared points.
Regards
Milind Nair

Hi,
Please refer the below link and reward if helpful.
http://help.sap.com/saphelp_nw04s/helpdata/en/e5/de86f335cd11d3acb00000e83539c3/content.htm

Question in ABAP FICO

friends,
can any one plz give little details of what an abaper will be doing when working with FICO people, i mean , the specific programs which an abaper will develop while working wih FICO.
thanks in advance for the help.

Hi,
There is no much difference in a ABAP role if working in FICO or other basic modules. Only difference in ABAP role changes if they are working in modules like HR where a diffrent skillset is required. However underlying core ABAP remians the same.
Typically when working in FICO module work will be more related to accounting documents.
Cheers
VJ

Fico questionns

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