Below are some important SAP FICO-Account Payable(AP) interview questions which are asked in most MNC company interviews for beginners or professionals.
1. What are segments in Vendor Master ?
a. General Data segment
b. Company code segment
c. Purchase Organisation segment
2. What is Vendor Account Group ?
Vendor Account Group is to bifurcate the vendors like FI Vendors, MM Vendors, Foreign Vendors, Domestic Vendors.
3. What are the steps for creating Vendor ?
1. Account Group of Vendor
2. Create Number ranges for Vendor account.
3. Assign number ranges for vendor account group.
4. Document types for vendor accounts
5. Create G/L master record for sundry creditor
6. Create vendor master record.
4. What is a special G/L 事务（transactions） ?
Special G/L 事务（transactions） are 事务（transactions） that are not normal business 事务（transactions） with our business partners.They are generally shown in different control ledger-分类帐、分类总帐s and are not grouped with the normal 事务（transactions）. They include Bills of exchange, Down Payment, Bank Guarantees.
5. What is special purpose Ledger ?
Special purpose ledger-分类帐、分类总帐 is used for reporting purpose. It receives the data from all modules and summarizes the data for user defined reporting purpose.
6. What is Cash Management Group ?
In the cash management group customer and vendors are allocated to planing groups by means of an entry made in the master record.
Vendor Master Group Customer Planning Group
E1 – Domestic vendor R1 – Customer Paying by bank
E2 – Vendors abroad R2 – Other domestic customers
E3 – Affiliate Company vendors R3 – Customer abroad
E4 – Major Vendor R4 – Affiliate company customers
7. At what level are the customers & Vendors codes are stored ?
The customer and vendor codes are at the client level, that means any company code can use the vendor and customer code by extending the company code view in their master data.
8. How are the Vendor Invoice payment made ?
Manual Payments without the use if any output medium like cheques etc.
Automatic payment programs through cheques, wire transfers, DMS etc.
9. Can we change the reconciliation account in the vendor master ?
Yes, Reconciliation account can be changes in the vendor master provided that the authority to change has been configured. Normally we should not change the reconciliation account.
10. What is the impact on the old balance when the reconciliation account in the Vendor Master is changed ?
Any change you make to the reconciliation account is prospective and not retrospective . The old items and balances do not reflect the new account, only new 事务（transactions） reflect the account.
11. How do you configure a special G/L indicator for the Vendor and Customer ?
You can use the existing special G/L indicator ID or create a new one. To update the chart of account-会计科目s and the reconciliation account.Also the last steps you need to update the special G/L code.
12. What do you mean by Down Payment ?
Down Payment are used for short or medium Financing. Down payments are generally made before production. Down payments must be displayed separately in the balance sheet.
13. Where we give the link for Down Payment posting ?
Special G/L to Reconciliation
14. How can you link vendor as a customer, customer as a vendor ?
Yes, it is possible, we can give the link in vendor master data under Control Data(XK02-修改供应商主数据).
15. What are Payment terms ?
Terms of payment are the conditions established between business partners to settle the invoices.
16. In Payment Terms-付款条件 configuration, what are the options available for setting a default date ?
There are 4 options available
1. No Default 2. Posting date 3. Document date and 4.Entry Date.
Posting Date is “goods receipt date”. Document date is “party bill date”. Entry date is “Quality approved date”.
17. Where are the Payment terms for vendor master maintained ?
Payment terms for vendor master can be maintained at two places i.e in Accounting View and Purchasing View.
18. What are Terms of Payment ?
Terms of payment are the conditions to settle the invoices. The payment terms are used to determine base line date for due date of invoices. Cash discount periods, Cash discount percentage.
