Dear Murthy garu,
I am Narendra,from Guntur, AP trying for a job on SAP FICO.
I went through your blog and i must congratulate you for the effort you have put in.
I started attending interviews but unfortunately no luck till now.
I had a couple of doubts in FICO:
How to upload Opening balances into SAP.
Configuration steps required for BAD DEBTS and maintaining reserves and surplus
The tricky question in almost every interview i faced till now is " Explain your project"
The project in my resume relates to a manufacturing company.
I didnt know to answer this question.
Please help in this regard.
Thanks and Regards,
Narendra
Murthy's Response:
The Opening balances relating to GL, AR, AP, Assets, all other modules (MM, SD ect), and balances relating to Controlling area will be loaded into SAP system as a single balance or as a line items (based on the client requirement) by using LSMW, or CATT, or by using any custom program through Cut over activity (Cut over activity means – stopping the exiting functions of the system and loading both Master & Transactional data into the system)
Please note that prior to loading opening or transactional data; we need to load all Master data in SAP system. Please find below the Cut over activates which are to be executed once the Configuration/development activity is completed.
Cut Over Activities:
A) Pre – Go Live activities
1. Master data Load into Production system
2. Upload Cost center plan
3. Execute the allocation cycles within cost center accounting
4. Update planned activity
5. Calculate Activity prices
6. Execute product costing run
B) Pre – Go Live activities
1. Ensure all the customizing requests are in the production system
2. Ensure all the number ranges for all the modules have been maintained in
the production system
3. Ensure that Operating concern has been generated
4. Ensure that all the Customer Master data is loaded
5. Ensure all material masters (all material types) have been loaded
6. Ensure that all the Vendor Master data is loaded
C) Upload transaction data into system
1. Upload Open purchase orders.
2. Stock upload
3. Mark and Release the cost estimate
4. Upload Accounts Receivable and Accounts Payable open items
5. Asset Master and value upload
5.1 The upload of asset master and values through AS91
5.2 Transfer Asset balance into profit center
5.3 Remove the GL codes for asset from 3KEH table
5.4 Update the FI entry for asset through transaction OASV
5.5 Reinstate the GL codes for asset in 3KEH
6. Upload General Ledger account balances
2. Bad Debts Process in SAP system
Bad debts process involves the identifying the receivables, based on the client AR aging policy, as bad &writing off the identified AR as bad debts, and finally accounting for the recovered bad debts.
Steps:
1. Display customer account balances (FD10N)
2. Process Write-off transactions (F-30)
3. Perform collection of bad debts (F-21)
3. Reserves & Surplus:
Reserves & Surplus are created and added to the exiting balances based on the client policy. These reserves are the appropriations from the operating profits of the client for every year (like Bad debt/redemption reserves)
4. The other questions like Explain your project and manufacturing Company
These questions are to be answered by the consultant very smartly based on the Resume he/she presented to the client
