SAP FI FAQs – Outgoing Payment Processing
1.   Discuss the steps involved with configuring and running the payment program. A)   Payment Program Configuration - Set up paying...
1.   Discuss the steps involved with configuring and running the payment program. A)   Payment Program Configuration - Set up paying...
1.   Invoice verification provides a link between which modules? Invoice verification provides a link between Materials Management and the Financial...
1.   Name the five major activities (in the order they occur) in the Procurement Cycle. •   Purchase Requisition (MM) •  ...
1.   What is dunning? The process of notifying customers/vendors that they have overdue items. There are varying levels that can...
1.   Explain the purpose of the payment advice functionality. Payment advice notes are early notices containing detailed information about incoming...
1.   What are the five steps in the Sales Cycle and what Modules do they originate from? Sales Order :...
1.   The client does not like SAP’s standard document line layouts. Explain how you would assist the client in developing...
1.   What is the purpose of the assignment field? The assignment field is used to sort line items when they...
1.   Under what circumstances can a document be changed? Most fields in a document can be changed up until it...
A preliminary document posting allows you to enter and store incomplete documents without carrying out extensive entry checks and parked...
1.   List the different types of reference documents Sample documents, Account assignment model (Complex Postings) Account assignment template (Enjoy Postings)...
1.   When entering data, what steps does the system follow? User defined substitutions are inserted in the appropriate line item,...
1.   What is the document principle? The document principle requires that one FI document is created for every business transaction. ...
1.   What is a house bank? What information does it contain? A house bank refers to the bank a company...
1.   What are the three segments of a customer master record? Give an example of data that is stored at...
1.   What are the three segments of a vendor master record? Give an example of data stored at each level....
1.   Discuss the concept of account groups and how they are used with respect to general ledger master data. The...
1.   There are three primary types of data in the system. What are they? Describe each. Master Data is constant...
When setting up company code global parameters, what are the general data the configurer will need to define? What are...
1. What are the two major areas within the SAP environment? Describe each. (1) Configuration - Maintenance of settings in...
1. What is the SAP Financial Accounting (FI) module? The SAP Financial Accounting (FI) Module provides integrated, on-line, real-time functionality...