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
4272 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 are prerequiations when asset master data uploaded in legacy system?

0 Answers TCS,

Give me an Example for functional specifications in sap fico

0 Answers IBM,

What is IBAN Number in SAP? What does it works?

5 Answers Accenture,

We have total 5 branches at the time of posting document we did't specify which branch it is. Here the problem is how to know for which branch belonging it please give me answer as soon as possible thanks to all........

1 Answers TCS,

How currencies are maintained in sap system? : cost center accounting

0 Answers

What is the basic difference in customizing in profitability analysis as compared to other modules?

0 Answers

What is characteristic derivation in profitability analysis module?

0 Answers

In payment term configuration what are the options available for setting a default baseline date?

0 Answers

what are the configuration steps in FICO we need for a tax code (Indian) to work properly?

1 Answers HP,

how do you receive tickets?

2 Answers IBM,

What is a 'value field' in the co-pa module?

0 Answers

what is transport request?

14 Answers Infosys,

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