SAP FICO CONSULTANT Industry-Specific Questions

1. Can you explain the integration points between SAP FICO and other SAP modules like MM and SD, and how they impact financial reporting?

2. Describe the process of setting up a new company code in SAP FICO. What key configurations are necessary for financial accounting?

3. How do you manage intercompany transactions in SAP FICO? Can you elaborate on the differences between intercompany and intraco transactions?

4. What are the key steps to create and configure a cost center in SAP FICO, and how does it relate to controlling?

5. Explain the difference between a primary and secondary cost element. How do you determine which to use in various scenarios?

6. How do you handle the foreign currency valuation in SAP FICO, and what impact does it have on financial statements?

7. Describe the process of month-end closing in SAP FICO. What reports are crucial during this phase to ensure accuracy?

8. Can you explain the implications of using internal order tracking in budgeting and expense management within SAP FICO?

9. What are the key considerations for implementing SAP FICO in a multinational organization, specifically regarding local compliance and reporting standards?

10. Discuss the use of SAP S/4HANA for financial accounting. What are the major differences and advantages compared to traditional SAP ECC FICO?