SAP FINANCIALS – ENTERPRISE STRUCTURE – Interview Q’s with
A’s
Q.What is a Company Code and what are the basic
organizational assignments to a company code? Ans: Company Code is a legal
entity for which financial statements like Profit and Loss and Balance Sheets
are generated. Plants are assigned to the company code, Purchasing organization
is assigned to the company code, and Sales organization is assigned to the
company code.
Q.What is the relation between a Controlling Area and a
Company code? Ans: A Controlling area can have the following 2 type of
relationship with a Company code a. Single Company code relation b. Cross
Company code relation this means that one single controlling area can be
assigned to several different company codes. Controlling can have a one is to
one relationship or a one is to many relationship with different company codes.
Controlling Area is the umbrella under which all controlling activities of Cost
Center Accounting, Product Costing, Profit Center and Profitability Analysis
are stored. In a similar way Company Codes is the umbrella for Finance
activities.
Q.How many Chart of
Accounts can a Company code have? Ans: A single Company code can have only one
Chart of Account assigned to it. The Chart of Accounts is nothing but the list
of General Ledger Accounts.
Q.What are the
options in SAP when it comes to Fiscal years? Ans: Fiscal year is nothing but
the way financial data is stored in the system.SAP provides you with the
combination of 12 normal periods and also four special periods. These periods
are stored in what is called the fiscal year variant. There are two types of
Fiscal Year Variant · Calendar Year – e.g. Jan-Dec · Year Dependent Fiscal Year
.
Q.What is a year dependent fiscal year variant ? Ans:In a
year dependent fiscal year variant the number of days in a month are not as per
the calendar month. Let us take an example:- For the year 2005 the period
January ends on 29th, Feb ends on 27th, March ends on 29. For the year 2006
January ends on 30th, Feb ends on 26th, March ends on 30th. This is applicable
to many countries especially USA. Ever year this fiscal year variant needs to
be configured in such a case
Q.How does posting happen in MM (Materials Management)
during special periods? Ans: There is no posting which happens from MM in
special periods. Special periods are only applicable for the FI module. They
are required for making any additional posting such as closing entries,
provisions. Which happen during quarter end or year end.
Q.How many currencies
can be configured for a company code? Ans: A company code can have 3 currencies
in total. They are local currency (ie company code currency) and 2 parallel
currencies. This gives the company the flexibility to report in the different
currencies.
Q.Do you require to
configure additional ledger for parallel currencies? Ans: Where only 2
currencies are configured (Company code currency and a parallel currency) there
is no need for an additional ledger. In case the third parallel currency is
also configured and if it is different
than the second currency type, you would then need to
configure additional ledger.
Q.If there are two
company codes with different chart of accounts how can you consolidate their
activities? Ans. In this case you either need to write an ABAP program or you
need to implement the Special Consolidation Module of SAP. If both the company
codes use the same chart of accounts then standard SAP reports give you the
consolidated figure.
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