DXC Technology SAP FICO Interview Questions

The DXC Technology SAP Fico interview is likely to focus on your technical knowledge of SAP Fico, including basic concepts, such as the main book, receivables, due and integration with other SAP modules, along with practical experience in implementation and support for SAP Fico in the business environment; Expect questions about your ability to solve problems, configure the system settings and work with interference teams; The interviewer may also ask your understanding of the current SAP Fico trends and s/4Hana migration strategies.

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Understanding DXC Technology Hiring Process

In DXC Technology technology, the interview process usually contains three rounds:

• Online Test.
• Technical Interviews.
• Behavioral or Human Resources (HR) Round.

1. Online Test (Coding and Aptitude Round):

DXC Online Test Technology is a 100 -minute online test There was no negative designation in this round and switching between different topics was also not allowed. It was very important in this round. The difficulty of this online round ranged from the easy to medium and good understanding of the foundations of computer science helped me easily clean this round.

2. Technical Interview Round:

The first round of the DXC hiring process was followed by a number of technical interviews, in which they asked several questions. Then a number of questions were asked to assess technical knowledge. During this round, questions about past education were asked.

3. The Human Resources (HR) or Behavioral Round: 

Human resources (HR) or behavioral round:  The last round of the DXC recruitment process was human resources or HR bike. If you want to learn more about DXC technology and DXC technology on your website to help. In this round, they can generally ask questions based on puzzles and tested how it would respond to this difficult situation. Some questions that have been asked me during human resources or HR bikes are as follows:

• What are your strengths and weaknesses?
• Why DXC Technology?
• Give me some background about DXC Technology.
• What value do you contribute to DXC Technology, and what is your vision for making a difference in the world while working there?
• Is it possible for you to relocate to another part of India?
• Explain who you are and what you know about yourself
• What makes you want to work at DXC Technology? How much do you think you will get paid? This was a difficult question to answer. Before answering this question, I took a few seconds and remembered of the company’s average salary which I have read on their website, and answered it.

Common DXC Technology SAP FICO Interview Questions

1. Explain the term SAP FICO?

In SAP FICO, FICO stands for ( Financial Accounting and Controlling). SAP FI takes care of accounting, financial statements, and tax computations, while SAP CO takes care of inter orders, cost sheets, inventory sheets, cost allocations, etc. The software stores data, tally them and retrieves the result based on the current marketing scenario. SAP FICO prevents data loss and also does the verification and reporting of data. Modules in SAP FICO are primarily used within a corporation to manage financial tasks within an international framework of languages and currencies.

2. Financial Accountings integrated into which other modules?

‘Financial Accounting’ is integrated into Modules of

1. Sales and Distribution
2. Material Management
3. Human Resource
4. Production Planning
5. Controlling financial transaction

3. Mention the Organization Elements in SAP FICO.

Organizational elements in SAP Financial Accounting are:

1. Company Code
2. Business Area
3. Chart of Account
4. Functional Area

4. Explain Posting Key and its Function.

Posting Key in SAP FICO is a two-digit numerical used to determine the transaction type entered in the line item.

Posting key help us determines following

1. Account Types
2. Types of posting. Debit or Credit
3. Field status of the transaction

5. What is APP in SAP FICO?

APP in SAP FICO stands for ‘Automatic Payment Program’.APP is a tool SAP  provides companies to pay its vendors and customers. APP tools help companies avoid any mistakes that generally occur in posting manually. Also, when companies have many employees, payment through an APP becomes very much feasible.

6. What are the Financial Statements Version in SAP also mentioning its uses?

Financial Statement Version or FSV in SAP FICO is a reporting tool that extracts final accounts from SAP. It helps us to extract final accounts like Profit and Loss Account and Balance Sheet. We could use multiple FSVs for generating the output of various external agencies such as Banks and other statutory authorities.

7. How does SAP FICO take care of taxes?

Significant Issues faced are tax slabs are not similar in all countries. Also, there are additional taxes applicable there. SAP FICO has a tax procedure already defined in it for various nations, and the users are free to get the information regarding the same. The Tax amounts can be sent to stocks by default, or the users are free to make challenges in them as per their needs and convince. Thus, taxes are not an issue with the SAP FICO.

8. For a company code, how many Currencies could we configure in SAP FICO?

Company Code in SAP FICO is just a code we need to enter into the system whenever we want to generate Loss or profit statements. Company Code Access is not given to all the employees the same. Users could configure up to 3 currencies, among which one generally remains the local one, and the other can be considered parallel.

9. Importance of Financial Statements in any Business?

• Financial Statements help businesses enable themselves to keep an eye on the objectives for which a specific amount is sent, including all its news.
• Company keeping a digital record of all the funds obtained or transferred to any other account. This will enable them to frame documents for the future on which some necessary plans and decision-making strategies could be based.
• In a few cases, financial statements help businesses reduce their taxes. In addition, the users could access the record of all the financial transactions anytime the same is required.

10. How many periods are there in SAP FICO 

SAP FICO has a total of 165 periods, among which four are considered very special. Generally used when it arrives to describing any data that is related to the fiscal year. A user is free to consider the particular period when the demand for the same is felt.

11. Explain the credit control area in SAP?

Credit Control Area in SAP is an organizational unit specifying and controlling customer credit limits. Any User can set a credit limit for their customer using the credit control area in SAP FICO to immune their company from the risk of bad debts and multiple outstanding receivables. With the help of SAP, companies can block deliveries to their customer based on their credit limit and the accounts received in their account.

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12. Are you familiar with any significant applications for SAP FICO?

SAP FICO is known for some of its primary applications in Financial Accounting. Financial accounting is widely considered for handling many tasks that matter to organizations. We can easily manage all that matters in accounting with this approach. It also has applications in Asset and Cost Accounting. SAP FICO  can also manage the Project system accounting reliably. The users are free to consider it for Consolidation. In addition, SAP FICO has large-scale applications in Real Estate, one of the emerging global domains in the present scenario.

13. What do you understand by the term “dunning” in SAP?

‘Dunning’  in SAP FICO is the process of issuing payment chasing letters to customers. SAP helps us determine which customers should receive the letters and for which overdue items. Dunning helps us print different letters depending on the due payment date with a reminder. Dunning level on the customer master, help us know which letter has been issued to the customer.

14. What is WRICEF?

WRICEF ‘W’ Stands for Workflow, ‘R’ for Report, ‘I’ for Interface, ‘C’ for Conversion, ‘E’ for Enhancement, and ‘F’ for Forms. It’s a Typical SAP implementation involving different custom developments that need to address various business requirements. Custom developments in SAP implementation projects could be broadly classified into six distinct categories of development types: workflow, report, interface, conversion enhancement, and forms (WRICEF)

15. What is a Special Period in SAP FICO?

“Special Periods” are referred to as posting periods that SAP permits. They are a maximum of four and are mainly utilised for year-end closing activities. Made possible by dividing the last posting period into more than one, but a maximum of four, periods. Typically, We should count the last posting period in all the postings in these particular periods. It is impossible to determine the special periods automatically based on the posting date of the document. We must manually enter the particular period in the document header in the ‘posting period’ field.

16. What are one-time vendors?

One Time vendors, as the name suggest, are primarily the one dealing with high cash transactions. Creating new master records for every vendor trading partner is not practical. So, ONE TIME VENDOR features in SAP allow a dummy vendor code that we could use in invoice entry the information, usually stored in the vendor master.

17. What is the difference between ‘Residual Payments’ and ‘Part Payments’ methods of allocating cash?

The two main methods for allocating partial cash from the customer are the ‘Residual Payment and ‘Part Payment’ methods. For example, A $100 invoice is generated. Now, the customer has only paid $70. Now, this $70 will be offset and would leave the remaining balance of $30. Residual payment will clear the invoice for the total value of $100, and a new invoice is generated for the remaining balances of $30.

18. What recurring entries also mention their purpose?

Recurring entries help us eliminate the need for the manual posting of Accounting documents which do not change from month to month. For example, an expenditure document can be developed and planned for the last days of each month or whenever an individual wants it. Usually, multiple recurring entries are created at one go and processed as a batch month end using transaction.

19. What is a Year Shift Explain with an example?

SAP FICO System only understands the calendar year and not any broken fiscal year, e.g. Any fiscal year like April 2012 to March 2013. It will not understand and accept this as a year. We need to classify one of the years as a calendars year for SAP. If any business, the fiscal year is not a calendar year but a combination of the different months of two different calendar years. Since SAP FICO only comprehends the Calendar year, Any other month falling into another year has to be adjusted into the same fiscal year by shifting the year using the +1 and -1 sign. Such a Shift in the year is known as the ‘year shift’.

20. Explain your understanding of the baseline method and decline balance method?

The baseline method is a straight-line depreciation method. We calculate the depreciation based on a defined percentage or life of the asset, which we must maintain in the asset master. It also could be calculated by subtracting an asset’s cost and expected salvage value and then dividing by the expected years to be used.

Tips for Cracking DXC Technology SAP FICO Interview

When the company calls you for an interview, it is clear that you have explored the company and then asked for a job role. However, the interviewer will want you to know a lot about society, so it is best to carry out research in front of a job interview.

This step is necessary because 47% of people who were interviewed said they would hire only someone who knew a lot about society. So it is best to learn as much as possible about society, its products and services, its mission and its most important success.

Check out the company’s social media pages

This will help you find out how they present themselves on social media, including content, design, tone and the way they talk to their followers. Check out every social media platform you can and learn about society so you can answer the questions correctly.

Read the Job Description

Sometimes candidates only read the job title and do not pay attention to what the work is about. If you really want to work for this company, you will have to show the interviewer how to handle each of the key obligations listed in the job description.

Practice for possible questions

Practice possible questions Most interviewers will ask you questions like, “Tell me about yourself,” “Describe yourself,” Why should we hire you? “And” Where do you see each other in 5 years? ” Write these questions, find out the answers and do what is in my power to prepare for a job interview before you go

Grammar Importance During Interview?

English is the language of the professional world, today most business transactions around the world are happening in English. Therefore, the importance of language cannot be denied. At the same time, however, you have to remember that companies are looking for employees who are convinced in language, not people who are language teachers. Your main goal in the interview is to mediate your opinion in the simplest possible way. So don’t worry about grammar or use a fantastic vocabulary to impress the interviewer.

Alertness and Logic During Interview

One thing that scares respondents most are vague questions or questions that do not make sense of the job. One cannot prepare such questions in advance.

However, you can use your logical and analytical skills for them. For example, the interviewer asks you, “How many steps have you climbed to achieve this office?” Of course you will not remember if you do not have a great memory. For a normal person with quick thinking skills there will be an answer – “We will see that we are on the 3rd floor and all staircases are the same. So if one staircase has 7 steps, I climbed 21 steps. ”

See that they do not test your memory, but your ability to solve problems and quick thinking. In order to answer such questions, it must be alert and be alert, it must be fresh. So remember to go to bed early before the night of your conversation and wear a proper rest.

Talk more about the company not yourself

Let’s do one thing straight: The interviewers don’t sit there to write your biography. You may not know where you were born, how many siblings you have or what is your favorite movie. He is interested in fits in the company’s environment.

So it is better if you do homework than you are going to interview, and learn more about their work culture and work ethics, about what the values ​​of society are and what they do.

Think that if you say you like to wear fur and the company you are applying for, as a fashion designer is vegan. Do you think it will employ you? Of course not. You will learn about society before you are going to interview.

Talk about your relevant skills

As mentioned above, the interviewer wants to know if you have the skills you claimed in your CV.  One of the good ways to achieve this is to talk about your work, projects and skills when asked to talk about yourself.

For example, you are applying for a graphic designer and the interviewer asks you to tell them about yourself. What will you say?

The right answer will be from childhood, which I was interested in sketching and drawing, I won the first prize in my school and university competitions. I like to work on new design projects using an illustrator and indesign that I record on my account. Therefore, always talk about your relevant skills supported by evidence.

Don’t beat around the bush

Most of us, when we do not know the answer, start to beat around the bush, move conversations in circles and avoid confession that we do not know the answer. This can be uncomfortable for the interviewer who has been interviewed since the morning.

Plus, it looks like you look immature and unprofessional. The best way to deal with such a situation is to say that you do not know the answer, but you will go and explore it and return to them.

It looks like a much more professional approach. But after he said, be sure to return to them with answers. Hopefully, it will give you some knowledge of how to break an interview as a professional.

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Conclusion

Businesses and established organizations such as IBM, Accenture, HCl and Hewlett-Packard (HP) are implemented by SAP ERP systems. The SAP Fico career is in demand with an exponential increase in the market. The growth curve is expected to be sharper in the coming five years for the fresher with an account or financial background. There are currently very few certified SAP Fico consultants on the market. It’s the right time to go on a journey by bursting the most demanding questions SAP Fico with proven knowledge of the subject.