Top FI CO Interview Questions :: ALLInterview.com http://www.allinterview.com Top FI CO Interview Questions en-us What is GR/IR account? Why do you maintain that? Explain the importan http://www.allinterview.com/showanswers/4157.html gr/ir account is offsetting entry, see the following example for use when ever we receved good entry is material a/c dr to gr/ir clearing a/c afterveryfication entry passed is gr/ir clearing a/c dr to party a/c so it is a offsettin What is a Bill of Exchange? Why is it used? http://www.allinterview.com/showanswers/69122.html Bill of Exchange is a rectim account. We have received the bill from customer against sales value. The bill is submitted at bank. after completion of the period the amt paid by customer to bank. what is withholding tax? when we use withholding tax? what are the http://www.allinterview.com/showanswers/56727.html Withholding tax means to calculate in tax on payments only. In India withholding tax is taken for the TDS sections 194C,194J,194I and soon. Check withholding tax countries Define withholding tax type for invoice posting Define withholding What is dunning? What is dunning level..? How many dunning levels can http://www.allinterview.com/showanswers/4151.html dunning is remainder notice, dunning level used for calculation of due dates, maximum dunning levels are 9 What is chart of account and how many charts of accounts can be assig http://www.allinterview.com/showanswers/4117.html COA is organigational unit in SAP, COA contains list of General Ledgers. Only one COA can be assigned to CCOde. But Country Specific and Group COA are optional. When we use parllel COA like Country specific, we need to choose which one shoud What is sub ledger? How is it linked to GL? http://www.allinterview.com/showanswers/4131.html Sub ledger accounts are AR/AP/Asset Accounting etc. These are sub ledger accountes in FI Main Module. These transtions are mapped thru Reconciliation Account . Thru Reconciliation account an automatic corresponding posting will be done in GL Go Live and Cutover plan? http://www.allinterview.com/showanswers/4177.html The transfer of data from the quality assurance system, as well as legacy data in a customer's previous system, to the production system. The cutover activities are specified in the ASAP Cutover Plan and include setting up and initializ What is business area? Can you assign it to a company? http://www.allinterview.com/showanswers/4159.html business area we cant assign to company, it is individual org unit where necessary p and l a/c and b/s required . but that is used for internal purpose only. it is not a legal entity. How do you calculate balance interest calculation in GL. http://www.allinterview.com/showanswers/36202.html Interest Calculations are Two Types:--- a)Balance Interest Calculation. b)Item Interest or Interest On Arrears Calculation. a)Balance Interest Calculation.:--- is a calculation of Interest on total balance of an account or total bal Define Statistical Key Figure? http://www.allinterview.com/showanswers/23678.html statistical key figures relating to cost centers, profit centers, and overhead cost orders. statistical key figures may also be a value representing the services provided by one particular cost center. What is SAP standard organisation structure? http://www.allinterview.com/showanswers/28592.html SAP Standard organisation structure is based on client requirement it will change for example. Clent--->Operation Concern(Co-pa)--->Controlling area(1:N)---> Company Codes(1:N) Plant and Purchase organization,Sales Organization assin what is enterprise structure? what all comprises an enterprise struc http://www.allinterview.com/showanswers/20786.html its the mapping of all orgl units in a structured form from com code to chart of accts what is depreciation? what are depreciation methods? please explain http://www.allinterview.com/showanswers/65669.html HI WHEN AN FIXED ASSET IS PURCHASED IT HAVING SOME LIFE, WHEN WE USE THE ASSET THE LIFE IS REDUCE THAT CALLED DEPRECIATION REASONS ARE WEAR AND TEAR, ACCIDENT, OBSOLENCES ETC. THERE ARE SO MANY METHODS TO CALCULATE DEPRECIATION BUT IN What is special purpose ledger? http://www.allinterview.com/showanswers/4163.html special ledger is created for special transactions like advance to vendors. The letter 'A' is added in special ledger coloumn. Tell me about FI Organizational structure? http://www.allinterview.com/showanswers/3912.html company -co.area- co.code-business area.