FI Co Interview Questionnaire:

1. New GL vs Classic GL

New GL in ECC 6.0 provides an extension to the functionality of classic GL used in ECC 5.0. Following
features which stands as a comparison between two of them :

(1) Extended Data Structure provides flexibility

SAP has consolidated the multiple totals table (GLT0, GLPCT, etc) in classic GL into a single FAGLFLEXT
Totals table with New GL. One Summary Table provides flexibility and faster response time for reporting.
FAGLFLEXT can also be enhanced by adding customer defined fields.

(2) Segment Reporting to ensure Statutory Requirements

IAS accounting standards define the statutory requirements for segment reporting. New GL has
document splitting functionality that enables segment reporting. Standard Segment Reporting
functionality is not available in Classic GL.

(3) Real Time Integration between FI and CO

Classic GL has the period-close reconciliation ledger functionality to synchronize FI and CO for cost
transfers across functional area, business area and company code originating in CO. New GL has a real-
time integration between FI and CO that happens with each transaction originating in CO instead of a
summary posting done by reconciliation ledger during period-close.

(4) Parallel Accounting

New GL provides Non-leading ledgers for parallel accounting like IFRS and GAAP. Parallel accounting can
also be implemented using Account based approach which is also available in classic GL.

(5) Reduce Time by Faster Period Close Activities

Faster Period Close is possible with New GL as,

(a) Reconciliation Ledger is not required

(b) Balance sheet Adjustments are not required

(c) Profit and Loss Adjustment are not required

(d) Activities related to Special Purpose Ledger are not required

(e) Depreciation posting is online instead of a batch session

(6) Flexible Drill-down Reporting in New GL

New GL has advanced drill-down capabilities by segment and other characteristics.
SAP GST for India :

1. Ensure a condition based tax procedure is used. SAP's proposed roadmap is for TAXINN

2. The Govt has said that the Outgoing invoice will be validated by GST Network, so the same would
probably be an interface to GST Network, something like a Golden tax in China

3. The GST in india will be a dual structure tax regime, so you will need to set up the requisite condition
types in your tax procedure and in your sales schema

4. If you are not on TAXINN, you will need to migrate to TAXINN given as per roadmap by SAP

5. Every GST No will be at state level, so configuration change will be required for the same to be set up
as Business Place in SAP

6. You will have to be on the required SP Level as per the details which will be provided by SAP.

7. There will be some amount of overlap for VAT and GST Regime expected, so you would need to plan
for a transition time for the tax applicability and how to migrate the open documents from VAT to GST.
Of course, this will also depend on legal guidance on GST from the Govt and it is still under works.

SAP GST for Malaysia :

GST03 is the prescribed form from RMCD for periodic GST Return submissions by all GST registered
organizations in Malaysia w.e.f April 1st 2015. As per the detailed already published at SAP Note
1932169, GST03 (GST return form) is now a standard delivery from SAP :
New GST is simple and straight forward. (except for few nuances like deemed supply / supply from
special economic zones) -- 0% GST, 6% GST,Tax exempted goods.

Tax Determination :

Sales Output Tax determination :

Material Tax Classification based on Material itself :

Code Material Tax Classification
0 Zero Rated 0%
1 Standard Rated 6%
E Exempted
Customer Tax Classification based on type of customer

Code Customer Tax Classification

0 Zero Rated 0%
1 Standard Rated 6%
D Designated Area 0%
G Government 0%
Marginal Scheme Tax for Malaysia GST :
GST is normally due on the full value of goods when they are sold, but the motor trade margin scheme
enables it to be charged only on the difference (or margin) between the buying and selling prices of
second-hand cars, rather than on the full selling prices.

It applies only to motor vehicles and is intended mainly for motor traders, but it can be used by any GST-
registered person who sells a vehicle in the course of business.

Complying the rules under Margin Scheme nature of Down Payment Tax calculation will cover the
following scenario:

Scenario 1 : Second Hand Car Sales: Down Payment received from customer is more than the margin
earned by NAZA.

Scenario 2: Second Hand Car Sales: Down Payment received from customer is less than the margin
earned by NAZA.

Taxation Calculation process during down payment received from customer covering the above scenario
is covered in the FS document under Frice ID: FI011 AR 201 Down payment Calculation under Margin
Scheme.

Tax Calculation based on Sales and Purchase difference by SD

Validate tax calculate Down Payment based on maximum of tax on margin -- Condition 1:
Received Initial Customer Down Payment amount more than the Margin amount earned by
Naza . Condition 2: Received Customer Down Payment amount less than the Margin Amount
earned by Naza
Report to track the Selling and Purchase of used vehicle.

Validation user exit check for PO and User-Exit Biswajit Yes Program:
Invoice against vendor master on the YFI00290
GST registration number. T-code GGB0
-Upon entry of certain tax code in PO, FI Complete
user exit will check vendor master to Document
ensure that field Tax Number 1 is Validation (Step
populated. 2)
-Upon entry of tax code in MIRO and
FB60/FB65, user exit will check vendor
master to ensure that field Tax Number
1 is populated

Month & Year End Activities :

Month End Steps Tcode Module Used

1 Update month end Exchange rate S_BCE_68000174 FI
2 Ensure the open item is bill for the month VF04 SD
3 Ensure the billing documents have been released VF05N SD
4 Run Depreciation AFAB FI
 Month End Steps Tcode Module Used
5 Clear Vendor Line Items F.13/ F-44 FI
6 Clear Customer Line Items F.13/ F-32 FI
Create Posting Documents from Recurring Documents & Posting
7 Documents F.14 & SM35 FI
8 Run accrual reversal entries F.81 FI
9 Post with Clearing for Bank Reconciliation F-04 FI
10 Manual GL Account clearing F-03 FI
11 Automatic Clearing (i.e. GRIR clearing account) F.13 MM
12 Generate Customer Statement of Account F.27 FI
13 Ensure all current month GL park documents have been posted FBV0 FI
14 Execute Foregin Currency Revaluation FAGL_FC_VAL FI
15 Tax clearing / Tax adjustment process FB41, FB50 FI
Get confirmation from Kamarudin that there are no unprocessed
16 error for interfaces email AMS/POS/DMS
Run GL/AR/AP account line item display report FAGLL03 /FBL5N/
17 Note: For interface verify this match with AMS/DMS/POS FBL1N FI
18 Run GL Account Balance display report FAGLB03 FI
19 Detail profit and loss report YFI09 FI
20 Customized profit and loss / balance sheet report YFI10 / YFI11 FI
21 Detailed profit and loss by branch and department YCO01 / YCO02 FI
22 List of balances (TB) S_ALR_87012277 FI
23 Financial Statement S_ALR_87012284 FI
24 Line item journal (journal listing) S_ALR_87012287 FI
S_ALR_87013001 /
S_ALR_87013002 /
25 Run Internal order report S_ALR_87013003 FI
26 Enhancement internal order report (Motor and Bikes group only) YFI30 FI
27 Verify whether deemed supply >RM500 for manual tax entry MB51 / FAGLL03 MM /FI
28 GST Report FIMY_GST03 FI
29 Open new MM period MMPV MM
30 Open/Close new FI period S_ALR_87003642 FI
31 Close CO Period OKP1 FI

Year End Closing Steps Tcode

1 Perform Asset fiscal year change AJRW FI
2 Perform Asset Year End closing AJAB FI
3 Carry Forward AP and AR F.07 FI
4 GL Balance Carryforward FAGLGVTR FI
CO Month End Activities & Settlement along with their dependency:

Activities T Code Dependency

Module
CO-PC Marking allowance and release for next posting CK40N/CK24 Period open
period
Dependency : Next month(Period open) for MM/FI
CO-CC Correction of Cost Center entries KB61N FI Entries Completion
CO Actual SKF Maintenance - KB31N
CO-IO Periodic Reposting of Internal Orders - KSW5 Completion of all
inventory transaction
including
consumptions
CO-CC Cost Distribution Cycle run in Cost Centre Accounting KSV5 Cost reposting
CO-CC Cost Assessment Cycle run in Cost Centre Accounting KSU5 Cost reposting
CO-PS Settlement of Investment Orders to Fixed Assets KO8G FA Transaction
CO-CC Cost Splitting among Activity Types in Cost Centre KSS2 Cost reporting , Cost
Accounting Center Distribution
CO-PC Calculate Overhead rate Manual
CO-CC Calculate Actual Price Calculation KSII Cost reposting
CO-PC Apply % Overhead rates S_ALR_87008275
PC Overhead Run on Production Orders CO43 Actual Overhead %
Calculation,
Revaluation of
Activities with Actual
Prices
CO-PC WIP Calculation on Production Order KKAO Closure of all
Production Order
confirmations and
goods movements.
CO-PC Variance Calculation on Production Orders KKS1 WIP Calculation
CO-PC Settlement of Production Orders CO88 Variance Calculation
CO-FI Closing FI Period OB52 PO Settlement
CO-PA PA Assessment ( Cost Center Assessment) KEU5 Cost Centre
Assessment