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FI-CO interview questions and answers :: ALL Interview .com

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Question l o n gp e r i o d ?

C a nw em a i n t a i no n ed e f a u l td e p r c i a t i o nk e yf o ro n ea s s e to f

Question Submitted By :: Satheesh This Interview Question Asked @ HCL Answer

Y E S ,W EC A NM A I N T A I NO ND E P R E C I A T I O NK E YD U R I N GL I F EP E R I O D O FA S S E TW H E NW EW A N TT OM A I N T A I NT H ES A M ED E P .R A T EA N D M E T H O DI T ' SE N T I R EL I F EO FT H EA S S E T .W EC A N M A I N T A I NO N E D E P .K E Y .p l e a s el e tm ek n o wi fa n yc o r r e c t i o n s .

h a ti st h eE B Sa n dm a n u a lb a n ks t a t e m e n t ? Question w

Question Submitted By :: Satheesh This Interview Question Asked @ HCL Answer

E B Si sE l e c t r o n i cb a n ks t a t e m e n t . d u r i n gb a n ks t a t e m e n t ,i tw i l lu s e df i l ef r o mb a n ku p l o a dt os a ps y s t e mt oc l e a r i n gb a n k o u t ,b a n ki n o u t g o i n gp a y m e n t D bv e n d o r C rB a n kO u t B a n ks t a t e m e n t D rB a n kO u t C rm a i nb a n k

m a n u a lb a n ks t a t e m e n ti sc l e a r i n gb a n ko u t , b a n ki no rp o s tb a n kc h a r g e s , i tw i l lu s e dt c o d ef f 6 7t oc l e a r i n g . T h em a i nd i f f e r e n c eb e t w e e

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h a ti st h eF I M MF l o w ? Question w

Question Submitted By :: Satheesh This Interview Question Asked @ HCL , ABM, Tcs, Hcl, Ibm Answer
f i m mf l o w b a s i c a l l yw eu s ef o u rs a pd e f i n e dk e y sl i k e b s x , w r x , g b b , p d a ,b s x i n v o i c ev e r i f i c a t i o n , w r x g r i r v e r i f i c a t i o n , p d a p r i c ed i f f e r e n c et h r o u g ht h i sw el i n kf iw i t h m m , a p a r tf r o mt h a tw eh a v et op a s sf i v ej o u r n a le n t r ya tt h e t i m eo fi n t e g r a t i o n . a f t e rt h a tw ea s s i g nv a l u a t i o nc l a s sf o r e a c ha s s e t . T h i si sr e q u i r e dt oi n t e r l i n k i n gf iw i t hm m . t h e n t h ei n g r a t i o np r o c e s sw i l lh a p p e n , O n ei m p o r t a n tt h i n ga f t e r i n t e g r a t e di t sa l t e m a t e l yi te f f e c ti ng / lp o s i n g , ' it h i n giw i l lh e l pf u l lf o rs a pp e o p l e .

Answer

t h ef i m mi n t e g r a t i o ni sb a s e do nt h ef o l l o w i n g F I M Mi n t e g r a t i o ni sh o wt h eG / La c c o u n tw i l lb eu p d a t e dw h e ny o ua r ec a r r y i n g a ni n v e n t o r y r e l a t e dt r a n s a c t i o n .F o rc o n v e n i e n c e ,y o um a yd i v i d et h ep r o c e s si n t o t h r e ea r e a s :( 1 )O r g a n i z a t i o ns t r u c t u r ed e p e n d e n t ,( 2 )m a t e r i a lm a s t e rd e p e n d e n t , a n d( 3 )t r a n s a c t i o nd e p e n d e n t .A c c o u n td e t e r m i n a t i o nw i l lb ec a r r i e do u td e p e n d i n g u p o nt h e s et h r e ef a c t o r s . O r g a n i z a t i o ns t r u c t u r ed e p e n d e n t : & # 9 6 3 2 ;V a l u a t i o nl e v e lI ti sa no r g a n i z a t i o ns t r u c t u r e ,w h i c hd e t e r m i n e sa tw h i c hl e v e l v a l u a t i o nw i l lb ed o n ef o rm a t e r i a l .V a l u a t i o nc a nb ed o n ea tp l a n tl e v e lo r c o m p a n yc o d el e v e l .V a l u a t i o nm u s tb ea tp l a n tl e v e li fy o uw a n tt ou s et h e a p p l i c a t i o nc o m p o n e n tP Po rC o s t i n g ,o ri ft h es y s t e mi sa nS A PR e t a i ls y s t e m . T h ed e c i s i o ny o um a k ei sv a l i df o rt h ee n t i r ec l i e n t .I ti sr e c o m m e n d e dt h a ty o u s e tm a t e r i a lv a l u a t i o na tp l a n tl e v e l . & # 9 6 3 2 ;V a l u a t i o na r e a Th ev a l u a t i o na r e ai sac o m p o n e n to fv a l u a t i o nl e v e l .S u p p o s e y o uh a v ec r e a t e dt h ev a l u a t i o nl e v e la tt h ep l a n tl e v e la n dt h e r ea r es e v e r a l p l a n t sa tt h ec o m p a n yc o d el e v e l ;e a c hp l a n ti sav a l u a t i o na r e af o rt h ep u r p o s e o fi n v e n t o r y . & # 9 6 3 2 ;V a l u a t i o ng r o u p i n gc o d eT h ev a l u a t i o ng r o u p i n gc o d ei sas e to fv a l u a t i o na r e a s t h a ta r eg r o u p e dt o g e t h e rf o rt h ep u r p o s e so fa c c o u n t i n g .T h r o u g ht h ea c c o u n t d e t e r m i n a t i o np r o c e s s ,i tw i l lb er e l a t e dt ot h eC O A .T h ev a l u a t i o ng r o u p i n g c o d em a k e si te a s i e rt os e ta u t o m a t i ca c c o u n td e t e r m i n a t i o n .W i t h i nt h eC O A , y o ua s s i g nt h es a m ev a l u a t i o ng r o u p i n gc o d et ot h ev a l u a t i o na r e a sy o uw a n t t oa s s i g nt ot h es a m ea c c o u n t .V a l u a t i o ng r o u p i n gc o d e se i t h e rr e f le c taf in e d i s t i n c t i o nw i t h i naC O Ao rc o r r e s p o n dt oaC O A .W i t h i naC O A ,y o uc a nu s e t h ev a l u a t i o ng r o u p i n gc o d e . M a t e r i a lm a s t e rd e p e n d e n t : & # 9 6 3 2 ;Va l u a t i o nc l a s s T h i si st h ea s s i g n m e n to fam a t e r i a lt oag r o u po fG / La c c o u n t s . A l o n gw i t ho t h e rf a c t o r s ,t h ev a l u a t i o nc l a s sd e t e r m i n e st h eG / La c c o u n t st h a t a r eu p d a t e da sar e s u l to fv a l u a t i o n r e l e v a n tt r a n s a c t i o n so re v e n t s ,s u c ha sa g o o d sm o v e m e n t .T h ev a l u a t i o nc l a s sm a k e si tp o s s i b l et o : & # 9 6 3 2 ;P o s ts t o c kv a l u e so fm a t e r i a l so ft h es a m em a t e r i a lt y p et od i f f e r e n tG / L a c c o u n t s & # 9 6 3 2 ;P o s ts t o c kv a l u e so fm a t e r i a l so fd i f f e r e n tm a t e r i a lt y p e st ot h es a m eG / L a c c o u n t 1 . 4G / LA C C O U N T I N G( F I G / L )3 7 & # 9 6 3 2 ;M a t e r i a lt y p e T h i sg r o u p st o g e t h e rm a t e r i a l sw i t ht h es a m eb a s i ca t t r i b u t e s , s u c ha sr a wm a t e r i a l s ,s e m i f in i s h e dp r o d u c t s ,o rf in i s h e dp r o d u c t s .W h e nc r e a t i n g am a t e r i a lm a s t e rr e c o r d ,y o um u s ta s s i g nt h em a t e r i a lt oam a t e r i a lt y p e . T h em a t e r i a lt y p ey o uc h o o s ed e t e r m i n e s : & # 9 6 3 2 ;W h e t h e rt h em a t e r i a li si n t e n d e df o ras p e c i f icp u r p o s e ,s u c ha sac o n f ig u r a b l e m a t e r i a lo rp r o c e s sm a t e r i a l & # 9 6 3 2 ;W h e t h e rt h em a t e r i a ln u m b e rc a nb ea s s i g n e di n t e r n a l l yo re x t e r n a l l y & # 9 6 3 2 ;A c c o u n tc a t e g o r yr e f e r e n c eT h ea c c o u n tc a t e g o r yr e f e r e n c ei sac o m b i n a t i o n o fv a l u a t i o nc l a s s e s .E x a c t l yo n ea c c o u n tc a t e g o r yr e f e r e n c ei sa s s i g n e dt oa m a t e r i a lt y p e .T h el i n kb e t w e e nt h ev a l u a t i o nc l a s s e sa n dt h em a t e r i a lt y p e si s s e tu pv i at h ea c c o u n tc a t e g o r yr e f e r e n c e .I nt h es t a n d a r ds y s t e m ,a na c c o u n t r e f e r e n c ei sc r e a t e df o re a c hm a t e r i a lt y p e .T h ea c c o u n tc a t e g o r yr e f e r e n c ei s i nt u r na s s i g n e dt oe x a c t l yo n ev a l u a t i o nc l a s s .T h i sm e a n st h a te a c hm a t e r i a l t y p eh a si t so w nv a l u a t i o nc l a s s . T r a n s a c t i o nD e p e n d e n t : & # 9 6 3 2 ;M o v e m e n tt y p e s T h i si sac l a s s i f ic a t i o nk e yi n d i c a t i n gt h et y p eo fm a t e r i a l m o v e m e n t( f o re x a m p l e ,g o o d sr e c e i p t ,g o o d si s s u e ,o rp h y s i c a ls t o c kt r a n s f e r ) . T h em o v e m e n tt y p ee n a b l e st h es y s t e mt of in dp r e d e f in e dp o s t i n gr u l e sd e t e r m i n i n g h o wa c c o u n t so faf in a n c i a la c c o u n t i n gs y s t e m( s t o c ka n dc o n s u m p t i o n a c c o u n t s )a r et ob ep o s t e da n dh o wt h es t o c kf ie l d si nt h em a t e r i a lm a s t e rr e c o r d a r et ob eu p d a t e d . & # 9 6 3 2 ;T r a n s a c t i o n / E v e n tk e y T h i si sak e ya l l o w i n gt h eu s e rt od i f f e r e n t i a t eb e t w e e n t h ev a r i o u st r a n s a c t i o n sa n de v e n t s( s u c ha sp h y s i c a li n v e n t o r yt r a n s a c t i o n s

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t h ev a r i o u st r a n s a c t i o n sa n de v e n t s( s u c ha sp h y s i c a li n v e n t o r yt r a n s a c t i o n s a n dg o o d sm o v e m e n t s )t h a to c c u rw i t h i nt h ef ie l do fi n v e n t o r ym a n a g e m e n t . T h et r a n s a c t i o n / e v e n tt y p ec o n t r o l st h ef il i n g / s t o r a g eo fd o c u m e n t sa n dt h e a s s i g n m e n to fd o c u m e n tn u m b e r s .S o m ei m p o r t a n tt r a n s a c t i o nk e y sa r eB S X , G B B ,a n dW R X . U s i n gt h eo r g a n i z a t i o nd e p e n d e n t ,m a t e r i a lm a s t e rd e p e n d e n t ,a n dt r a n s a c t i o n d e p e n d e n ta r e a s ,y o ud e t e r m i n et h ei n v e n t o r ym a n a g e m e n tr e q u i r e m e n t s , w h i c ha r e : & # 9 6 3 2 ;W h e t h e rc h a n g e si nq u a n t i t ya r eu p d a t e di nt h em a t e r i a lm a s t e rr e c o r d. & # 9 6 3 2 ;W h e t h e rc h a n g e si nv a l u ea r ea l s ou p d a t e di nt h es t o c ka c c o u n t si nf in a n c i a l a c c o u n t i n g. F I M Mi n t e g r a t i o nm a p p i n gi ss t o r e di nt a b l eT 0 3 0 .F o rab e t t e ru n d e r s t a n d i n g , u s et r a n s a c t i o nc o d eS E 1 6 .

Answer

P u r c h a s eR e q u s i t i o n ( M E 5 1 N ) v R e q u e s tf o rQ u a t a t i o n ( M E 4 1 ) v Q u a t a t i o n ( M E 4 7 ) v P r i c eC o m p a r i s i o n ( M E 4 9 ) v P u r c h a s eO r d e r ( M E 2 1 N ) v G o o d sR e c e i p t ( M I G O ) v I n v o i c ev e r f i c a t i o n ( M I R O ) v o u t g o i n gp a y m e n t

h a ti st h eO r g a n i z a t i o ne l e m e n t s ? Question W

Question Submitted By :: Satheesh This Interview Question Asked @ HCL , Ibm Answer
o r g .e l e m e n t sa r es t r u c t u r e su s e df o rr e p o r t i n gp u r p o s e s . M M ,H R ,S D , P P , P S . IA MN O T1 0 0 %S U R EA B O U TT H I SQ U E S T I O N . P L E A S EI N F O R MM EI F I TI SW R O N G . B U TS O M EW H E R EIH A V ER E A DT H I SQ U E S T I O N .

Answer

o r g .e l e m e n t sa r es t r u c t u r e su s e df o rr e p r e s e n t i n gt h e b u s i n e s sf u n c t i o n s . M M ,H R ,S D , P P , P S . t h ea n s w e rh a st h es m a l lc o r r e c t i o n s . s o r r yf o rt h e m i s c o m m u n i c a t i o n .

Answer

o r g a n i z a t i o n a le l e m e n t sa r e . c o m p a n yc o d e , c l i e n t ,c o n t r o l i n g a r e a . p l a n t ,p r o f i tc e n t e r ,c h a r to fa c c o u n t s ,c r e d i tc o n t r o l a r e a , a s s e tc l a s sc h a r to fd e p r e c i a t i o n ,f ma r e a . t h e s ea r e u s e df o rr e p o r t i n gp u r p o s e .

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Answer

C l i e n t ( v a r i o u sm o d u l e s ) C o m p a n yc o d e( F I ) C o n t r o l l i n ga r e a ( C O ) S a l e so r g a n i z a t i o n ( S D ) p u r c h a s eo r g a n i z a t i o n ( M M ) E m p l o y e eg r o u p ( H R )

Answer

T h eo r g a n i g e s t i o nc o s te l e m e n t si s : ( 1 ) c l i e n t ( 2 ) o p e r a t i n gc o n c e r n ( 3 ) c o n t r o l i n ga r e a ( 4 ) c o m p a n yc o d e ( 5 ) b u s i n e s sa r e a ( 6 ) c o s t c e n t e rH i g h r r c h y ( 7 ) p r o f i tc e n t e rH i g h r r c h y l e tm ek n o wi fa n ym i s t a k e

na l lb r a n c h e s , a l lb a n ka c c o u n t si no n l yI C I C IB a n ka / c ' s Question i

Ac l i e n tr u n n i n gt h eb u s i n e s st h r o u g hw o r l dw i d e , b u th eh a s b u th o wm a n yh o u s eb a n k sh en e e dt oc r e a t e ?H o wi te x p l a i nm e ?

Question Submitted By :: Satheesh This Interview Question Asked @ HCL Answer

h i w ew i l lc r e a t eo n l yo n eh o u s eb a n ka n dc r e a t es e v e r a l A c c o u n tn o .u n d e rt h i sh o u s eb a n k .b c zo ft h e ya r e m a i n t a i n e do n l yo n eb a n ki . eI C I C I . i fi ti sw r o n gp l zc o r r e c tm e

t h a n k s s u r e s h

Answer

W en e e dt oc r e a t ea t l e a s e to n eh o u s eb a n kp e rc o u n t r y .W h i l ec r e a t i n gt h eh o u s eb a n kt h es y s t e ma s k sf o rc o u n t r y .

Answer

H o u s eb a n ks h o u l db ec r e a t e db r a n c hw i s ei nt h ei n s t a n tc a s e h o u s eb a n ks h o u l ec r e a t e db r a n c hw i s ei n s p i t eo fb a n ki ss a m e . o n eh o u s eb a n ki se n o u g ho n l yi nc a s eo fc o m p a n yh a v i n gm o r e t h a no n ea c c o u n ti nt h es a m eb r a n c hw i t hd i f f e r e n tb a n kI D . p l e a s el e tm ei fi a mw r o n g . . . .

h a t ea r et h et a b e si nf 1 1 0 Question w

Question Submitted By :: Chandra This Interview Question Asked @ Cognizent Answer

w h a ti st h et a b l ei nf 1 1 0 . R e g u h S e t t l e m e n td a t af r o mp a y m e n tp r o g r a m R e g u v C o n t r o lr e c o r d sf o rt h ep a y m e n tp r o g r a m R e g u p P r o c e s s e di t e m sf r o mp a y m e n tp r o g r a m

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Answer

T a b si nF 1 1 0 1 . S t a t u s 2 . P a r a m e t e r s 3 . F r e eS e l e c t i o n 4 . A d d i t i o n a lL o g 5 . P r i n t o u t / D a t aM e d i u m I fw r o n gC o r r e c tm e ! ! !

a y m e n tm e t h o d s Question p

Question Submitted By :: Chandra This Interview Question Asked @ Cognizent , Xx Answer

w h e nw ep a y m e n tm a d et ot h ev e n d o rw h i c ht y p eo fp a y m e n tw e w i l lf a l l o w i nI n d i au s et w ot y p e so fp a y m e n tm e t h o d si . e 1 . C h e c kp a y m e n t 2 . B a n kT r a n s f e r

Answer

w h e nw ep a y m e n tm a d et ot h ev e n d o rw h i c ht y p eo fp a y m e n tw e w i l lf a l l o w i nI n d i au s et w ot y p e so fp a y m e n tm e t h o d si . e 1 . C h e c kp a y m e n t 2 . B a n kT r a n s f e r

Answer

C H E Q U E ,B A N KT R A N S F E R ,D I R E C TD E P O S I T ,C H E Q U E \ B A N K . P L A S EL E TM EK N O WA N YC O R R E C T I O N S

Answer

t y p eo f t h ep a y m e n tc a l l e d a s a sap a y m e t h o d t y e p e m e t h o d e sa r e 1 ) c h e c k 2 ) b a n k t r n s f e r 3 ) c a s h

Question f o r e i g nc u r r e n c y ?

W h a ti st h ef o r e i g nc u r r e n c yv a l u a t i o n , i m p o r t a n c eo ft h e

Question Submitted By :: Skumarvtp This Interview Question Asked @ Cognizent Answer

H I ,L e t ss u p p o s ey o uh a daB u s i n e s sT r a n s a c t i o nw i t h B u s i n e s sP a r t n e rC u s t o m e r / V e n d o ri nc u r r r e n c yo t h e rt h a n y o u rc o m p a n yc o d e .e x .U S Do rE U Re t c . . .w h e r ea sy o u r c o m p a n yc o d ec o r r e n c yi sI N R . . .I nt h i sc a s et h e r ew i l lb e s o m ep a y m e n tt e r ma s s i g n e dt oV e n d o ra n dh e n c ea ni n v o i c e g e t sd u ea f t e rc o u p l eo fd a y sa f t e ra ni n v o i c ei sp o s t e d . .

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m e a n w h i l et h e r ew i l lb ef l u c t i o n si nt h ec u r r e n c y c o n v e r s i o n . .a n dt h ed u ea m o u n tt ot h eV e n d o rm a yb el e s s o rh i g hb a s e do nt h ec u r r e n c ym a r k e t .i no r d e rt ot r a c k t h i sf l u c t u a t i o ni na c c o u n t sw ev a l u a t et h ec u r r e n c y .t h a t i sn o t h i n gb u tf o r e i g nc u r r e n c yv a l u a t i o n . S a t i s hK u m a rG u n d a

h a td a t ai sr e q u i r e df o ra u t o m a t i ca / cd e t e r m i n a t i o n ? Question W

Question Submitted By :: Srisap.vemulapalli Answer

A u t o m a t i ca / ca s s i g n m e n tc a nb ed o n ei nm a n ys t a g e s: T h r o u g hO B Y C ( F o rM M ) T h r o u g hV K O A ( F o rS D ) T h r o u g hA O 9 0 ( F o rA s s e t s ) T h r o u g hR e c oa c c o u n t si nV e n d o r / C u s t o m e rm a s t e r T h r o u g hT r a n s a c t i o nt y p e si nC a s hJ o u r n a lc o n f i g u r a t i o n

h a ti st h el i n kb e t w e e nt h eV e n d o rm a s t e rr e c o r da n dt h eA P P Question W

Question Submitted By :: Rakesh This Interview Question Asked @ Accenture Answer

R e c o na c c o u n t

Answer

I nA P Pw ea r ec r e a t eB a n kI D , t h i sB a n kI n d i c a t o ri su p d a t e d i nt h eV e n d o rM a s t e rR e c o r d

r e c o n c i l i a t i o na c c o u n t

Answer

Answer

P a y m e n tm e t h o da l s ol i n kb e t w e e nv e n d o ra n dA P P .W ea t t a c h t h ep a y m e n tm e t h o di nc o m p a n yc o d ea r e a .

o wic l e a rG R / I Rc l e a r i n gA / ca tm o n t he n d .p l zq u i c k Question h

Question Submitted By :: [email protected] Answer

I nt h em o n t he n dw en e e dt oc l e a rb yu s i n go fT r a n s a c t i o n c o dF . 1 3 .

h a ti st h ei n t e g r a t i o nb e t w e e nC Ot oF I Question w

Question Submitted By :: Rkaesh www.allinterview.com/showqa/FI-CO/page25.html

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9/22/13 Question Submitted By :: Rkaesh

FI-CO interview questions and answers :: ALL Interview .com

This Interview Question Asked @ HP Answer

F i r s tt h eq u e s t i o ni sn o tv e r yc l e a r . H o w e v e rt h eb a s i ci n t e g r a t i o np o i n tb e w t e e nF Ia n dC Oi s c o s te l e m e t s . L e tm ek n o wi fa n y .

Answer

H e r eo u rc o m p a n yc o d e sa s s i g nt oc o n t r o l l i n ga r e at h a ti sc a l l e dt h ec ot oF ii n t e g r a t i o n

Answer

I nE C C6 . 0t h r o u g hC Ov a r i a n t .I fup o s tt oC Od i r e c t l yo r F Id i r e c t l y ,aF I / C Od o c u m e n ts h a l lb ec r e a t e da u t o m a t i c a l l y

Answer

P R I M A R M A R YC O S TE L E M E N T SI ST H EF IA N DC OI N T E G R A T I O NP O I N T .

Answer

t h ec o s tc e n t e rh a si n t e g r a t et h eb o t hf inc o .

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