Your Reference to SAP ERP common interview questions on Financial Accounting Areas:

»» Enumerate all the necessary settings you need to do before configuring company code?

»» Under asset accounting component, what are depreciation areas?

»» What is chart of accounts? How many chart of accounts can be assigned to a company code?

»» What is baseline date?

»» What is automatic payment program?

»» What are financial statement versions?

»» Enumerate disadvantages of business area?

»» What are the segments of General Ledger account master?

»» What does document header control?

»» In asset accounting, what is asset class?

»» In asset accounting, what is asset master?

»» What is activity type?

»» What’s the function of field status group? Explain.

»» What is a profit center? What is a business area? Differentiate the two.

»» What is a special GL transactions?

»» What is an account group?

»» What is accrual calculation?

»» What is GR/IR process? Explain the journal entries created during this process.

»» What is enterprise structure?

»» Explain dunning of accounts receivable?

»» What is a dummy profit center?

»» Explain operational chart of accounts?

»»  What is cost center?

»» Explain tolerance group?

»» What is the function of version?

»» What is sub-ledger?

»» Explain the integration of FI module and MM module.

»» Explain the integration of FI module and SD module.

»» Explain the integration of FI module and PS module.

»» Explain the integration of FI module and PP module.

»» Explain the integration of FI module and Treasury module.

»» What is open item management?

»» What is posting key?

»» Differentiate partial payment and residual payment.

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Every Consultant involves in a SAP project implementation should have an idea and understanding of the phases and activities of the project. This will help every one to be in the same boat and help the completion of the project efficiently and effectively.

Listed are the basic general phases (activities) during tranditional SAP project implementation, for your reference:

 A. Pre-Sales

>>> Pre-Sales Participation

»»»» Initial Project Scoping

»»»» Initial Project Approach

»»»» Signed Service Agreement

B. Project Execution

>>> Project Preparation

»»»» Define Project Scope

»»»» Determin Project Approach

»»»» Project Kick-Off

>>> Blue Printing

»»»» Analyze Solution Alternatives

»»»» Define Best Solutions

»»»»  Plan Custom Development

»»»» Update Design Document

>>> Realization

»»»» Configuration

»»»» Technical System Design

»»»» Define Tes Cases

»»»» Data Conversion Design

»»»» Customize Program and Unit Testing

»»»» Develop End-User Procedures

»»»» Data Conversion Test

»»»» Integration Test

»»»» System/Performance Test

»»»» User Acceptance Test (UAT)

>>> Final Preparation

»»»» Data Conversion

»»»» Cutover Procedures

»»»» Review Productive System

»»»» Prepare for Support Handover

>>> Go-Live and Support

»»»» System Estabilization

»»»» Project Team Support

»»»» Post Project Review

C. Support

>>> Post-Implementation S upport

»»»» System Maintenance

»»»» System Development

»»»» Release Upgrade

»»»» Apply Support Packs

»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»

Original Source: http://www.sap-knowledge.com

S A P stands for System, Applications and Products in Data Processing (in German, Systeme, Anwendungen, Produkte in der Datenverarbeitung). S A P is the name of the Company that have developed the SAP business system, likewise of the system.

S A P is a German international software company founded in 1972 by a couple of former IBM software designers.  During the 1980s and 1990s, the Company have experienced fantastic corporate success and growth, become a market leader in the field and have took almost 80% of the German market and significant market percentage elsewhere in Europe.

The R/3 Sytem was launched in 1992. R/3 refers to the three-tiered architecture structure use to support the software. The structure allows three-levels of client/server distributed processing:

• Front end server (user’s interaction begins here);
• Application server (system processing occurs here); and
• Database server (information storage)   

SAP R/3 Modules

• Financial Accounting (FI)
• Controlling (CO)
• Treasury (TR)
• Project Syste (PS)
• Workflow (WF)
• Industry Solutions (IS)
• Human Resources (HR)
• Plant Maintenance (PM)
• Quality Management (QM)
• Production Planning (PP)
• Material Management (MM)
• Sales and Disribution (SD)