Hallo Frend i m faced 6 to 7 interview and my frend also and we collect

Hallo Frend i m faced 6 to 7 interview and my frend also and
we collect this question & required ur different type
explanation & answer plz reply.

1. why do we request parallel currency?

2. do we give currency to chart of accounts ?

3.if fiscal years are different for 2 different company
codes with usd and inr currencies respectively. how do you
generate combined reports in usd currency?

4. is it possible to have different currencies for gl
accounts under one chart of accounts ? if yes what is the
significance?

5. how the opening & closing of periods is done for fi ?

6. what is the relation between fi & co and ho the
accounting flow takes place?

7. explain 2 business scenarios which do you feel have
considerable significance and what kind of solutions did you
offer while working on the projects?

8. what is the need for balance interest calculation
maintenance of setting in case a financial decides on
interest rates and loan repayment due dates etc all other
issues and we only need to pay the interest amount ?

9. how many currencies can be given to a gl account ?

10.why do we give different posting key for different
transactions ?

Question Posted / rajeshxyadav

1 Answers
4012 Views
I also Faced
E-Mail Answers

Hallo Frend i m faced 6 to 7 interview and my frend also and we collect this question &..

Answer / chinnareddy

the parallel curnceies are usd if the company is having two
copany cods in deferent countries. for reporting purpose we
use these currencies.

no.

you have to mention the group curency to the both
companies.in group co code.

u can us co code curency as gl master curency. or u can
specify balance in local curency in gl account.

through the posting periods we can open and close posting
peridos in ob52

through controllinmg the accounting takes place between fi
and co. and the primary cost elements are nothing but gl
accounts in fi.

one curencies

each transaction will have two effects. debit and credit.so
for this we give two posting keys differntly.

Is This Answer Correct ?

2 Yes

0 No

Post New Answer

More SAP FI-CO (Financial Accounting & Controlling) Interview Questions

What is sub ledger? How is it linked to GL?

9 Answers

How does the system calculate depreciation? : fi- asset accounting

0 Answers

vendor wants the payments from different banks for each open item document through APP. Like one document from Icici Bank, another document from HDFC Bank. where you configure it? Is it Possible?

8 Answers Accenture,

what is the difference between validations and substution?

4 Answers IBM,

What is ment by Onsite and Offshore Project.can any 1 explain me.

5 Answers Hindalco, SAT InfoTech, Wipro,

Do you require to configure additional ledger for parallel currencies?

0 Answers

what is difference between consumer based accounting and purchasing based accounting and how to assign the difference to profitability analysis.

0 Answers Infodart,

Can any one tell me "What is parallel reporting / accounting in SAP FICO? Please tell me in details.

1 Answers

If customer is a vendor & vendor is a customer what is the configuration settings & how will u clear 1 against another ?

3 Answers

1 question plz it is a bit urgent. When we are posting a transaction with service tax(say 12.5%)ok, Now say the total amount is rs.100,000 now my question is Here we have given 12.5% tax.Do we have to calculate Seperatelly the tax amount(100,000*12.5%) or it will Calculate on it's own. If so what is the procedure to make it calculate it Automatically. Plz reply soon

7 Answers

What is a functional area in sap ?

0 Answers

Which one of the payment mode is more effective, whether of using Partial Payment or Residual Payment in th company for vendor clearing and for why? Plz. give the explanation.

1 Answers

For more SAP FI-CO (Financial Accounting & Controlling) Interview Questions Click Here