SAP FI/CO
Record-to-report, controlling, closing and S/4HANA finance readiness.
1. Explain the difference between cost center, profit center and internal order.
Cost center tracks where cost is incurred, profit center tracks profitability by responsibility area and internal order tracks cost for a temporary job, event or project. A strong answer should include reporting purpose, settlement and real project examples.
2. What is the Universal Journal in S/4HANA Finance?
Universal Journal combines finance and controlling postings into ACDOCA, reducing reconciliation effort and enabling faster reporting. Mention integration of FI and CO, line-item level reporting and migration impact.
3. How do you approach month-end closing support?
Check open items, failed postings, GR/IR, asset depreciation, accruals, allocations, settlement and reconciliation reports. Explain business coordination and evidence tracking.
4. How does FI integrate with MM and SD?
MM creates accounting impact during goods receipt and invoice verification. SD creates accounting during billing and financial posting. Mention automatic account determination and configuration dependencies.
5. What is a posting key?
A posting key controls debit/credit, account type and field behavior during accounting entry. Give examples such as customer, vendor, GL and asset postings.