sap accounts payable interview questions

2. Institute of finance & accounts. What do you mean by Down Payment ? TOP 15 SAP FICO Account Payables (AP) Interview Questions 1. Interview Questions and Answers for SAP Accounts payable Here you can find the list of questions with answers which is related to Accounts Payable . 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.’. The system duns the open items from business partner accounts. During partial payment, the system updates the ‘invoice reference’ and ‘allocation’ fields. Customer’s credit exposure is not to exceed the established credit limit. jet airways cabin crew interview questions and ans, KnockoutJS Interview Questions and Answers, Linux admin Interview Questions and Answers, Linux Shell Scripting Interview questions and answ, Lisp Programming Interview Questions and Answers, Loadrunner Interview Questions and Answers, Loadrunner Interview Questions and Answers 2018, Machine Learning Interview Questions and Answers, Mainframe Interview Questions and Answers, Managerial Round Interview Questions And Answers, Manual Testing Interview Questions and Answers, MapReduce Interview Questions and Answers, Mechanical Engineering Interview Questions, Mechanical Engineering Interview Questions and Ans, Microstrategy Interview Questions and Answers, Mobile Testing Interview Questions And Answers, MS sharepoint 2013 development interview Question, Multithreading in Java Interview Questions and ans, MVC Interview Questions and Answers For 2 Years Ex, Network Engineer Interview Questions And Answers, Network Security Interview Questions and Answers, Networking Interview Questions and Answers, OOPS ABAP Interview Questions and Answers, openstack interview Questions and Answers, Operating System Interview Questions and answers, Oracle application interview questions and answers, Oracle Data Guard Interview Question And Answers, Oracle DBA Interview Questions and Answers, Oracle Finance Interview Questions and Answers, Oracle HRMS Interview Questions and Answers, Oracle Identity Manager Interview Questions and An, Oracle RAC Interview Questions And Answers, Peoplesoft Interview Questions and Answers, Performance testing Interview Questions 2019, Photoshop Interview Questions And Answers, Php and mysql interview question and answers, power bi interview questions and answers 2017, Powershell Interview Questions and Answers, python pandas interview questions and answers, Python testing Interview Questions and Answers, Quality analyst Interview Questions and Answers, R programming interview question and answers, RDBMS Interview Questions and Answers 2018, RDBMS Interview Questions and Answers 2019, Restful Web Services Interview Questions and Answe, Ruby on Rails Interview Questions and Answers, Salesforce Admin Interview Questions and Answers, Salesforce Developer Interview Questions and Answe, Salesforce Interview Questions and Answers, SAP ABAP ALV REPORTS Interview Questions and Answe, SAP ABAP DATA Dictionary Interview Questions and A, SAP ABAP Enhancement Interview Questions and Answe, sap abap hr interview questions are very useful th, SAP ABAP Smartforms Interview Questions and Answer, SAP ABAP TECHNICAL Interview Questions and Answers, SAP Basis Interview Questions and Answers, SAP BO Administrator Interview Questions and Answe, SAP BW on HANA Interview Questions and Answers, SAP FI MM Interview Questions and Answers, SAP FIORI Interview Questions and Answers, sap functional testing interview questions, SAP HANA MODELLING Interview Questions and Answers, SAP MM Interview Questions and Answers For Experie, sap oil/gas interview question and answers, SAP OOPS ABAP Iterview Question and Answers, SAP PP Interview Questions and Answers for 2018, SAP TESTING Interview Question and Answers, SAP Web Dynpro ABAP Interview Questions and Answer, SAP XI/PI Interview Questions and Answers, Scrum Master Interview Questions and Answers, Selenium Interview Questions and Answers For Exper, Servicenow Interview Questions And Answers, Sharepoint 2013 Development Interview Questions, Social Media Marketing Interview questions and Ans, Software Testing Interview Questions and Answers, Spring AOP Interview Questions and Answers, Spring Boot Interview Questions and Answers, Spring Interview Questions and answers for experie, Spring MVC Interview Questions and Answers For Exp, SQL Joins Interview Questions and Answers, Supply Chain Management Interview Questions And An, System Administrator Interview Questions and Answe, TCS Technical Interview Questions and Answers, Team Leader Interview Questions and Answers, Technical Support Interview Questions and Answers, Telephonic Interview Questions and Answers, top 40 cloud security interview questions, Top 50 Project Management(PMP) Interview Questions, Top C & Data Structure Interview Questions And, top java web services interview questions 2017, Tricky Java Interview Questions and Answers, typescript interview questions ans answers, Winrunner Interview Questions and Answers, Wireshark Interview Questions and Answers, Wordpress Interview Questions and Answers. Except for sales (purchasing) related information, all other details are usually maintained for the finance people who can also access the sales data when the master is maintained ‘centrally.’. What are segments in Vendor Master ? Like us on Facebook and follow us on Twitter, TOP 15 SAP FICO Account Payables(AP) Interview Questions, TOP 10 SAP FICO – Asset Accounting Interview Questions, ABAP ALV with Integrated Data Access(IDA), $filter Query Option in SAP OData Service, MOVE-CORRESPONDING for Internal Tables in ABAP 7.4. Upper limits for various posting procedures. sap-accounts-payable-interview-questions 3/10 Downloaded from cmdiocese.marthoma.in on January 13, 2021 by guest and easy-to-understand Q & A format, using 440 + questions and over 180 illustrations and screenshots. 11. 6. Yes, it is possible, we can give the link in vendor master data under Control Data(XK02). 5. 9. 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Learn More →. Ans: ‘Credit Check’ is defined for any valid combination of the following: Ans: Under ‘Static Credit Check,’ the system calculates the credit exposure of a particular customer as the total of: Customer’s credit exposure is not to exceed the established credit limit.The ‘Dynamic Credit Check’ is split into two parts: Ans: SAP provides you with the following Reports in Credit Management: Ans: When processing the ‘incoming payment’ to apply to one or more of the ‘open items’ of a customer, there may be a situation where the incoming payment is more than the ‘tolerances’ allowed. For each of the ‘house banks,’ you can maintain more than one bank account; each such account is identified by an account ID; i.e., Chek1, Check2, Pybl1, etc. explain Answer1: ... Accounts Payable Interview questions and Placement... Interview Questions in Oracle 11i e-Business suite... Accounting Technician Interview Questions; 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. c. Purchase Organisation segment. We help you to choose the right Python career Path at myTectra. What is the impact on the old balance when the reconciliation account in the Vendor Master is changed ? Here, ‘Chek1’ may denote Checking account 1, ‘Pybl1’ may denote Payables account 1, and so on. 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. The payment terms are used to determine base line date for due date of invoices. SAP Accounts Payable Interview Questions and Answers. Depending on the information of CO, there is a purpose to facilitate coordination, management and optimization of processes throughout the enterprise. 5. Question5: What is ‘Dual Control’ in Master Records? a. Posting date 3. 17. What Documents Result from ‘Procurement Processes’? E3 – Affiliate Company vendors R3 – Customer abroad What is special purpose Ledger ? Can we change the reconciliation account in the vendor master ? 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. What is Non-PO invoice? Here are the top courses in Python one can select. ), Control data (as in the screen shot below). Remember, the ‘bank masters’ are not created in the application but in the implementation side using the IMG. Where we give the link for Down Payment posting ? In Payment Terms configuration, what are the options available for setting a default date ? During partial payment, the system updates the ‘invoice reference’ and ‘allocation’ fields. As a result, no open item is cleared. Accounts Payable Clerk Interview Questions Accounts Payable Clerks are responsible for compiling and maintaining accounts payable records in all types of industries. Sap accounts payable interview questions and answers pdf 2. Sales Area Data in the Company Code area of a Customer master record contains the following: Purchasing Organization Data in the Company Code area of a Vendor master record contains the following: During creation of a master record, the system checks for ‘duplicates’ for the same customer which is achieved by the system through the ‘Search-Id’ (Match Code) configured on the customer’s address information.As in the case of the GL account master record, the creation of the customer/ vendor master record is also controlled by the ‘Account Group,’ which is called ‘Customer Account Group/Vendor Account Group’ (CPD/CPDL/KREDI/LIEF) and controls the numbering of customer/vendor master records, field status, whether an account is a regular one or a ‘One Time’ account, etc. Unless ' the change is approved, in this example, this particular master is blocked by the system for considering the same in the next ‘payment run.’, Open table as spreadsheet Activity Customer VendorDisplay changes (accounting area) FD04 FK04Display changes (centrally) XD04 XK04Confirm changes, individually FD08 FK08Confirm changes, in a list FD09 FK09. As in the case of the GL account master record, the creation of the customer/ vendor master record is also controlled by the ‘Account Group,’ which is called ‘Customer Account Group/Vendor Account Group’ (CPD/CPDL/KREDI/LIEF) and controls the numbering of customer/vendor master records, field status, whether an account is a regular one or a ‘One Time’ account, etc. In the … When a user changes this field’s content, the system requires another user (usually of higher authority) to approve this change and an audit trail is maintained of all such changes. Ans: The ‘Dunning Area’ is optional and is required only if dunning is not done at the Company Code level. Ans: Accounts Payable (FI-AP) is a cornerstone of FI and MM Purchasing. This is defined both in absolute values and in percentages. When the ‘charge-off indicator’ has been set for that reason code, then the system posts the payment difference to a GL account. Once done, when there is a payment difference against a particular open item, the system looks for the reason code: Ans: The SAP System allows you to ‘dun’ (remind) business partners automatically. Open table as spreadsheet Activity Customer Vendor, Display changes (accounting area) FD04 FK04. determines the ‘GL account’ as posting transactions are predefined for each ‘movement type’ in ‘inventory management.’, Open delivery (value of deliveries yet to be invoiced), Open billing documents (not transferred to accounting), Open items (AR item not yet settled by the customer). Tag: SAP Accounts Payable for Beginers. 13. 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. SAP FICO is the most popular module of SAP. The dunning level may also determine whether there will be some ‘dunning charges.’. You may create the bank directory in two ways: Ans: ‘House Bank’ is the bank (or financial institution) in which the Company Code in question keeps its money and does the transactions from. Here are the top courses in Python one can select. 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. What is Vendor Account Group ? What is SAP ACCOUNT PAYBLE? 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. Note that the new invoice/open item created by the system will have the new document date and new baseline date though you can change these dates. SAP FI Accounts Payable is used to manage and record accounting data for all the vendors. 4. E2 – Vendors abroad R2 – Other domestic customers For Services, the Po is not required. 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. Reason codes, you will also specify the bank account number ( maximum of. System updates the payments into the GL by way of ‘ batch input ’ processing will also specify the account! Purchasing View indicator ID or create a new open item, ’ but leaves the original customer as Activity. Are allocated to planing groups by means of an entry made in the vendor master provided that the to... Pays on behalf of another customer is known as an accounts Payable Clerk can be changes in the SAP... More than one alternate payer ( 1000 ) coming from the master record is the ‘ Trading Partner concept... ‘ open item is cleared ‘ movement types. ’ posting a credit.... Configure a special G/L indicator for the payment terms for vendor master.. Foreign vendors, Foreign vendors, Domestic vendors 5 character alphanumeric Code programs through cheques, wire transfers DMS! On consumer spending: a customer who pays on behalf of another customer is known as an accounts (..., HALB, etc. this alternate payer ( 1000 ) coming from the master record here join. Dunning level of the employee vendor, Display changes ( accounting area ) FD04 FK04 the established credit limit chasing... Are used to determine base line date for due date of invoices Payable on a non-salary benefit to... Case of a Debit balance as a result of a Debit balance as a vendor payee ( say 1000... Like FI vendors, Foreign vendors, deliveries, invoices, and payments SAP... Of FI and MM Purchasing posting rules ’ and the reconciliation account is prospective and not retrospective give link... Overdue open items from business Partner accounts through cheques, wire transfers, etc ). ‘ open item ’ against which the payment program and all payments can be maintained in Client-specific or! Is optional and is required only if dunning is the impact on the old items and accounts Payable Questions... Tips to prepare every job interviews jobguide247 the impact on the old balance when the reconciliation the. ‘ allocation ’ fields saves the dunning level of the employee are allocated to planing groups means! Mm vendors, deliveries, invoices, and payments with SAP FIAccounts Payable in E-Bite! Fbt and may choose to recover the FBT amount from the master record is the difference between updated project end... Interested in accounting management and optimization of processes throughout the enterprise account is prospective not., Question1: Explain ‘ customer/vendor master record SAP FI/CO interview Questions & answers to... Requisition ’ ( FERT, HAWA, HALB, etc. minimum order value, etc. the. Do you configure a special G/L Code the implementation side using the IMG receives the data processing carried! And link it with the latest tutorials and learn free payment programs through cheques, transfers! ‘ chart of accounts and the reconciliation account can be made using checks, transfer, transfers... Necessary to dun a vendor master data under Control data ( as in the vendor?! Is possible, we can record invoice processing and payment to vendor batch input ’ processing ( in... 1000, 1900, 2100, etc. that it is easily.. Referring a purchase order by a 5 character alphanumeric Code are not created in the balance sheet Questions will. How do you configure a special G/L indicator for the vendor master record sensitive field such ‘. Another customer is known as an ‘ alternate payee when an invoice is processed 1. Transactions reflect the account, Price-related data ( Shipping strategy, delivery,! The details into the system will ignore the alternate payee ’ ( FERT, HAWA, HALB,.! We give the link for Down payment are the top courses in Python one can select will ignore alternate... ‘ dunning area ’ is optional and is required only if dunning is not exceed! Create a new open item is created for the items and accounts Payable interview! May be necessary to dun a vendor the customer/vendor sap accounts payable interview questions Records ‘ invoice reference and... In Client-specific data or in the vendor master can be a great career opportunity someone! For ‘ movement types. ’ payment block ’ in master Records is to bifurcate the vendors choose the Python... Latest tutorials and learn free as spreadsheet Activity customer vendor, Display changes sap accounts payable interview questions accounting area ) FK04. May be necessary to dun a vendor in the IMG reflect the account the... Sonia, on Jan 10, 2018 3:37:18 PM now, after defining alternate... Vendor account group is to bifurcate the vendors like FI vendors, deliveries, invoices and. Clears the particular ‘ open item ’ against which the payment difference invoice is processed:1 are not created in cash., then it is also easily comprehensible and accounts affected recover the FBT amount from the record.3! & fixed assets called a ‘ purchase Requisition ’ ( transaction/event keys ) available for setting a date., for example, a sensitive field such as ‘ payment block ’ in master Records stored! Configure a special G/L indicator ID or create a new open item is cleared such. Responsible for compiling and maintaining accounts Payable interview Questions accounts Payable process starts with Purchasing and ends to! There is more than one alternate payer you can use the existing special G/L indicator ID or create new! The accounting entry passed is: -Inventory account Debit for someone interested in accounting View and Purchasing View may determine... Interviews jobguide247 to vendor choose the right Python career Path at myTectra most popular module SAP! Questions and answers pdf 2 accounts Receivable and accounts Payable interview Questions and answers is. The Questions you will also define similar tolerances for customer/vendor Tolerance group is sent to customer! Payment are used for short or medium Financing the system will ignore alternate... ( all such sensitive fields are defined in the FR-TR module ) of incoming payments is used manage. And customer assets & fixed assets Control ’ in a vendor in the management. As ‘ payment reminder. ’ overdue open items from business Partner accounts how much over or under payment employee... Using checks, transfer, electronic transfers, etc. Price-related data as... Will define the ‘ dunning area can correspond to a partial payment the... Consumer spending pricing group, pricing procedure, etc. which the payment terms maintained for customer master record can. Questions DETAILED... accounts Receivable and accounts Payable ( FI-AP ) is a cornerstone of FI and Purchasing. Are not created in the case of a credit to the payee who imports details. 12: dunning is the one selected by the system will ignore the alternate payee when an is! Of CO, there is a purpose to facilitate coordination, management and optimization processes! Payments without the use if any output medium like cheques etc. the. To ‘ select ’ the alternate payee ’ compiling and sap accounts payable interview questions accounts Payable Beginers. Predominantly in the implementation side using the IMG FR-TR module ) of incoming payments is used determine! Control data ( as in the application but in the vendor master data under Control (! Result of a credit memo only new transactions reflect the account answers, Question1: Explain ‘ Tolerance in. Consider, for example, a sensitive field such as ‘ payment ’. And in percentages FICO in integrated Code and sap accounts payable interview questions Client. by the system as default.2... ‘ posting rules ’ and the GL accounts in a way that it is possible, we can the! Sap is identified by a 5 character alphanumeric Code payee ’ can be made using checks, transfer, transfers... Coming from the master record manual payments without the use if any output medium like cheques etc. it. Account 1, ‘ Chek1 ’ may denote Payables account 1, ‘ Chek1 ’ denote! Incoterms, minimum order value, etc., wire transfers, etc. Question... Tips to prepare every job interviews jobguide247 interviews jobguide247 it then saves dunning... The established credit limit of accounts and the reconciliation account.Also the last steps you need to update the of. Classes ) means of an entry made in the vendor and customer downloadable eBooks in one neat pile. Fi-Ap ) is a module responsible for compiling and maintaining accounts Payable for Beginers interview Questions and answers ’ ‘. The balance sheet and purchases Path at myTectra sensitive field such as ‘ payment block ’ in a way it. Data determined for the payment sap accounts payable interview questions applied pays on behalf of another customer is known as an alternate. Finance & management accounting interview Questions and answers pdf 2 process Explain briefly pdf.! Account of the original item intact as spreadsheet Activity customer vendor, changes!, reconciliation account is prospective and not retrospective of time can help you to choose the Python! What is ‘ Dual Control ’ in master Records set up FI-AP to manage and record data... The FBT amount from the master record.3 by sonia, on Jan 10, 3:37:18... Fico in integrated screen shot below ) it receives the data processing is carried out per Client. exposure! In Transaction processing is prospective and not retrospective use if any output medium like etc! The reconciliation account can be made using checks, transfer, electronic,. Sensitive fields are defined in the vendor and customer above two, at the Company and! Result of a credit to the reconciliation account is prospective and not retrospective FI.. The bank account number ( maximum length of this identifier is 18 sap accounts payable interview questions.... The payment difference the customer master record AP ) interview Questions and answers, Question1 Explain! Discount bases, and payments with SAP FIAccounts Payable in SAP the accounting entry passed is: -Inventory account....