Top 50 SAP FI Interview Questions for Capgemini – Free PDF Download

Presented below are a compilation of SAP FICO interview questions and corresponding answers, tailored for both freshers and experienced individuals seeking to secure their desired job.

SAP FICO Interview Questions and Answers for Entry-Level Candidates

SAP FICO, which stands for Financial Accounting and Controlling, is a software that handles various financial tasks such as accounting, tax calculations, and the preparation of financial statements. It also manages cost-related functions like inter orders, inventory sheets, and cost allocations. This software stores data securely and performs computations based on current market conditions to provide accurate results. Additionally, SAP FICO ensures data integrity by preventing loss and conducts verification and reporting processes.

Integration of Financial Accounting with Other Modules in SAP FI

The Financial Accounting module is integrated with various other modules.

SAP FI Interview Questions: Understanding Organizational Elements

To identify the type of transaction recorded in a line item, a two-digit number called the “Posting Key” is utilized.

SAP FI Interview Questions: What is the Company Code in SAP?

The company code is utilized to produce financial statements such as the Profit and Loss statement and Balance sheets.

6) How many Chart of Accounts can company code have?

In India, it is possible to have a single Chart of Accounts that is assigned to a specific company code.

8) What are the options in SAP for Fiscal years?

The fiscal year in SAP refers to how financial information is organized and stored within the system. It consists of 12 regular periods and four additional special periods. These periods are defined and managed through a fiscal year variant.

SAP Calendar: Understanding the Concept of Year Shift

The SAP system does not recognize fiscal years that do not align with the calendar year. In such cases, businesses need to designate one of the calendar years as the fiscal year for SAP and adjust any months falling in another year by shifting the year using -1 or +1. This adjustment is referred to as a “year shift.

From April 2012 to December 2012, we consider it as our first calendar year. Following that, from January 2013 to March 2013 is considered the second year. If you choose to use April-12 to Dec-12 as your fiscal year, then Jan-13 to March-13 automatically becomes the second year and needs adjustment using a -1 shift. Conversely, if the scenario is reversed, you would use a +1 shift for adjustment.

10) What is year dependent fiscal year variant?

In a fiscal year variant that depends on the year, the length of each month is different from the standard calendar. For instance, in 2005, January had 29 days and February ended on the 26th.

SAP FI Interview Questions: How are input and output taxes managed in SAP?

In India, a tax procedure is established for each country, and within this procedure, specific tax codes are defined. There is an option to either treat the tax amounts as expenses or include them in the stock capitalization process.

SAP FI Interview Questions: Validations and Substitutions in Capgemini – PDF

Validation or substitution is defined for each functional area in SAP, such as assets and controlling, at various levels.

Sap Fi Interview Questions Capgemini Pdf: Which Areas Utilize Validation and Substitutions in Applications?

FSV, also known as Financial Statement Version, is a useful reporting tool in SAP. It allows users to extract important financial statements such as the Profit and Loss Account and Balance Sheet. Multiple FSVs can be utilized to generate reports for different external organizations like banks and statutory authorities.

15) What is a field status group?

The fields that appear during transactions are controlled by “field status groups”. These groups are stored in the Financial General Ledger (FIGL) master.

Sap Fi Interview Questions Capgemini Pdf: Understanding FI-GL (Financial-General Ledger) Accounting

G L (General Ledger) Accounting is utilized to gain a comprehensive understanding of external Accounting and accounts. It involves the recording of all business transactions within a software system, ensuring that the Accounting data remains consistently accurate and complete, while also integrating with other operational areas.

Sap Fi Interview Questions Capgemini Pdf: Default Exchange Rate Type for SAP Transactions

In SAP, the standard exchange rate for all transactions is set as M (Average Rate).

Methods for Making Vendor Invoice Payments

Manual payment refers to the process of making a payment without relying on any physical form of transaction such as cheques or other output mediums.

b) Automated payment methods such as DME (Data Medium Exchange), checks, and wire transfers.

Sap Fi Interview Questions Capgemini Pdf: Issues with Business Area Configuration

When configuring a business area, one of the challenges is dividing the account balance. This issue becomes particularly important when dealing with tax accounts.

20) For document clearing what are the customizing prerequisites ?

To ensure document clearing, it is necessary to review the cleared and uncleared items using open item management. Open item management handles your pending accounts, such as accounts payable and accounts receivable. For example, an unpaid invoice remains classified as an open account until it is settled.

Importance of GR/IR Clearing Account in SAP FI Interview Questions

The GR/IR (Good Received/Invoice Received) account serves as a temporary holding place in SAP. In the previous system, if goods were received but the invoice was not yet received, a provision would be made. In SAP, this provision is created at the time of goods receipt by debiting the Inventory and crediting the GR/IR account. Similarly, when an invoice is received, the vendor account is credited and the GR/IR account is debited. The GR/IR account will display outstanding items until the invoice has been received.

SAP FI Interview Questions for Capgemini: Understanding Parallel and Local Currency in SAP

In addition to the local currency, a company code can have two more currencies known as parallel currencies. These parallel currencies are used for foreign business transactions and enable international transactions to be conducted. The two types of parallel currencies are group currency and hard currency.

Sap Fi Interview Questions Capgemini Pdf: Where Can Internal Orders be Utilized?

Internal orders are utilized to monitor and manage costs, specifically for short-term expenses.

Can depreciation be calculated on a daily basis?

Certainly, it is feasible to compute depreciation by activating the Dep. to the day indicator in the configuration of the depreciation key.

Sap Fi Interview Questions Capgemini Pdf: Organizational Assignments in Asset Accounting

In Asset Accounting, chart of depreciation is rated as the highest node, and this is assigned to the company node. All the depreciation calculations are stored under the chart of depreciation.

Salary of a Capgemini SAP FI consultant in India

The salary range for SAP Fico Consultants at Capgemini in India is between ₹ 3.4 Lakhs and ₹ 13.7 Lakhs per year. On average, these consultants earn around ₹ 8.2 Lakhs annually.

To give an example, if you are currently earning ₹ 5 Lakhs per year as a SAP Fico Consultant but believe you deserve more based on your expertise and contributions, start by researching the average salaries for similar positions in other companies or industries within India. If you find that professionals with comparable qualifications are earning around ₹ 9 Lakhs per year elsewhere, use this information as leverage during negotiations with Capgemini.

SAP FICO Interview Questions for Experienced Candidates – Capgemini PDF

The asset class is the primary category used to classify assets. Each asset must be assigned to a single asset class, such as Furniture & Fixtures, Plant & Machinery, or Computers. Within each asset class, there is also a G1 account that gets debited when an asset is procured. When creating an asset master record, it is mandatory to specify the corresponding asset class for the assets being created. This ensures that whenever any transaction involving an asset takes place, the system automatically selects and applies the appropriate G1 account associated with its assigned asset class. Additionally, default values can be set within each asset class for calculating depreciation and other relevant master data.

SAP FI Interview Questions: How are Capital WIP and Assets Managed in SAP?

In SAP, the term “Capital WIP” is used to describe assets that are still under construction. These assets are categorized under a specific asset class. Typically, no depreciation is charged on these assets while they are in the construction phase. The expenses incurred for constructing a capital asset can be recorded using an internal order and then settled to an “Asset Under Construction” account through appropriate procedures.

28) What are the major components of Chart of Accounts?

You can generate a Credit Control Area in SAP by utilizing either the transaction code OB45 or following a specific path.

To configure the credit control area in SAP FI, you need to follow these steps: go to SPRO and navigate to enterprise structure. From there, select “maintain structure” and then choose “financial accounting.” In this section, you will find the option to maintain the credit control area. Enter the relevant details as required.

Sap Fi Interview Questions for Capgemini: Understanding Posting Period Variants

The posting period in SAP refers to a specific time frame during which transaction figures are updated for the fiscal year. It is managed by posting period variants, which regulate the availability of open accounting periods for posting and ensure that closed periods maintain their balance.

Sap Fi Interview Questions Capgemini Pdf: What is field status and its control explained in simple terms?

The field status group is a collection of settings in the Field Status Variant (FSV) that determines how certain fields should behave for General Ledger (G/L) accounts. It specifies whether a field should be hidden, shown, optional, or mandatory.

33) What is short-end fiscal year?

A short-end financial year occurs when a company switches from a regular fiscal year to a non-calendar fiscal year, or vice versa. This change typically happens when an organization becomes part of a different corporate group.

Sap Fi Interview Questions Capgemini Pdf: What is an account group and its usage?

Account groups are utilized to regulate the information that is required when creating a master record. These account groups serve the purpose of defining GL accounts, customer masters, and vendors.

35) What is the purpose of “Document type” in SAP?

It is responsible for controlling the types of accounts that can be posted, such as assets, vendors, customers, and normal general ledger accounts.

Is the business area set at the company code level?

The business area is defined at the client level, allowing multiple company codes to be assigned to the same business area.

At what level are Customer and Vendor codes stored in SAP?

Tolerance plays a crucial role in deciding whether the invoice should be matched or put on hold for tax purposes. Logistic Invoice Verification allows for various types of tolerance to be set up.

Country Chart of Accounts: An Overview

The Chart of Accounts for a specific country includes the necessary General Ledger accounts to comply with the legal regulations of that particular country.

SAP FICO Interview Questions: What is APP in SAP FICO?

In some companies, particularly those involved in large cash transactions, it may not be feasible to create new master records for every vendor trading partner. Instead, one-time vendors can be used by entering a dummy vendor code on invoices and including the necessary information typically stored in the vendor master.

43) What are the standard stages of the SAP payment run?

The steps mentioned below outline the typical phases involved in conducting a payment run within SAP.

b) Proposal Scheduling – the system generates a suggested schedule of paid invoices.

c) Recording of payment- the process of entering the actual payments in the financial records.

Sap Fi Interview Questions for Capgemini: Understanding the Distinction between Residual Payment and Part Payment Methods in Accounts Receivable

Recurring entries can help automate the posting of Accounting documents that remain unchanged on a monthly basis. Instead of manually creating and posting these documents, users can generate an expense document and schedule it to be processed at specific intervals, such as the last days of each month. Typically, multiple recurring entries are created simultaneously and then processed together in a batch at the end of each month using a transaction.

48) What is a ‘Value Field’ in the CO-PA module?

Statistical internal orders are fictitious cost objects that are utilized for the purposes of reporting and analysis. They need to be associated with a genuine object, like a cost center, in order to be posted.

50) For what purposes internal orders can be used?

Overhead Orders: It oversees internal tasks that are allocated to cost centers.

b) Investment Orders: It tracks internal projects related to fixed assets.

c) Accrual Orders: Balancing out the posted expenses that have been computed in CO.

d) Sales-related Orders: This feature showcases the cost control aspects of the Sales and Distribution process, without impacting the fundamental operations of the organization.

These interview questions can also be beneficial for your viva or oral examination.

Preparing for an SAP FI interview

Reviewing SAP FICO basics is essential to ensure a strong foundation in this field. It is important to have a solid understanding of financial accounting, management accounting, and controlling within the SAP system. Familiarize yourself with key concepts such as general ledger accounting, accounts payable and receivable, asset accounting, cost element accounting, profit center accounting, and internal orders.

To further prepare for an interview at Capgemini or any other company in India, carefully examine the job description provided by the employer. Pay close attention to the specific skills and experience they are seeking in a candidate. This will help you tailor your responses during the interview to highlight your relevant expertise.

P.S: Remember that having hands-on experience with SAP modules like FI-GL (General Ledger), FI-AP (Accounts Payable), FI-AR (Accounts Receivable), CO-CCA (Cost Center Accounting), CO-PCA (Profit Center Accounting) can greatly enhance your chances of success during an interview for a SAP FI position at Capgemini or similar companies in India.

Is SAP FI considered an ERP?

SAP FICO is a crucial part of SAP ERP, which consists of two main components: Financial Accounting (FI) and Controlling (CO). In simple terms, SAP FI focuses on managing financial reporting and accounting tasks. It helps organizations keep track of their financial transactions, such as recording expenses and revenues, generating balance sheets, and creating financial statements.

On the other hand, SAP CO is all about cost planning and monitoring within an organization. It enables businesses to analyze costs across different departments or projects. With SAP CO, companies can set budgets for specific activities or areas and compare actual costs against these budgets to ensure effective cost control.

Is there a demand for SAP FI?

High in Demand

The demand for SAP has witnessed a significant surge following the introduction of S/4HANA and Fiori. This has led to an increased emphasis on SAP FICO certification, which is now considered a top priority for many corporations. As a result, there has been an exponential rise in the requirement for skilled SAP consultants.

In India, the high demand for SAP consultants can be attributed to several factors such as:

1. Implementation of S/4HANA: With more companies transitioning to S/4HANA, there is a growing need for professionals who are well-versed in this latest version of SAP.

2. Enhanced User Experience: The introduction of Fiori has revolutionized the user interface and experience within SAP systems. Consequently, organizations are seeking consultants who possess expertise in implementing and optimizing Fiori applications.

3. Financial Management Focus: Given that SAP FI (Financial Accounting) and CO (Controlling) modules play a crucial role in financial management processes, certified professionals with proficiency in these areas are highly sought after by businesses across various industries.

4. Compliance Requirements: In order to comply with regulatory standards and ensure accurate financial reporting, companies require knowledgeable consultants who can effectively configure and customize their SAP systems accordingly.

5. Business Process Optimization: Organizations recognize that leveraging the full potential of their ERP system can lead to improved operational efficiency and cost savings. Therefore, they seek experts who can streamline business processes through effective utilization of different functionalities offered by SAP FI module.

6. Career Growth Opportunities: A career as an SAP consultant offers immense growth prospects both vertically within organizations or horizontally across diverse industry sectors due to its widespread adoption globally.

7.Training Availability: Various training institutes provide comprehensive courses on different aspects of Sap Fi Interview Questions Capgemini Pdf , making it easier for individuals aspiring to become certified professionals or enhance their existing skills set.

Overall, given the increasing reliance on technology-driven solutions like ERP systems such as SAP, the demand for skilled SAP consultants is expected to continue rising in India.

Katy