SAP FICO Scenarios – Real-time Issues with Solutions

SAP FICO Scenarios – For Interviews and On-job Work

SAP FICO scenarios are very commonly looked for by SAP aspirants. Some may need them to solve their on-job issues, while some need for preparing well for interviews. Here are some case studies that help in SAP FICO interviews and real-time working.

SAP FICO Interview Preparation

Watch the video: Practical implementation of these scenarios

Scenario 1 – SAP Purchase Order

My client raised a PO at USD 13 for 60 quantities. A goods receipt MIGO transaction was done at that price. Now my client wants to do a MIRO transaction at USD 14 for 60 quantities.

Two Solutions to this SAP FICO Issue

(1) The price difference – At the time of the MIRO transaction, you have an option to post a price difference. In the MIRO transaction, enter the G/L account for the price difference and amount (i.e. $1).

(2) Reversing MIGO and repost MIGO with the correct price – Reverse the MIGO entry, make changes in the PO (Purchase Order), then once again do the MIGO and MIRO transactions.

Also read: Common Errors in SAP FICO

Scenario 2 – SAP FICO General Ledger

The user is not getting the drop-down list of G/L accounts that he defined through FS00 while posting through transaction code FB50/F-02.

Solution

While entering a transaction, the user usually presses F4 to select a General Ledger account from the chart of account (COA). The SAP R/3 system displays all available accounts that you created for the desired company code and COA in question. If the user is not getting the G/L account in the dropdown list. Try one of the following

Check if the G/L accounts have been created in the company code you are posting.
Make sure you have selected the correct company code in T-code FB50
The drop-down has a personal list and a global list. If you are on the personal list, switch to the global list.

Check Top 15 SAP FICO Interview Questions and Answers

Scenario 3 – Adding a new column in open item

How can you add a new column in an open item clearing transaction with T Code- F-03? Right now you have a document number, document date, document type, posting key and amount. You need to add a posting key and amount in the transaction fields on the screen.

Solution to this SAP FICO Scenario

Go to the clearing G/L Account process Open Item screen using T Code-F-03 from the menu bar.
Select Settings and change Line Layout.
Then, select the line layout a name and description and press enter.
Choose the insert after button to view the available fields
Select the required field by double-clicking on the field. The required field is automatically listed under your own layout.
Repeat the process for each field required to create your layout and save.
Go back to the clearing G/L Account Process Open Item screen and select the Editing option button under the line layout variant for the G/L account clearing transaction.
Give your variant name and save.

Learn: How to get a job in SAP FICO | 10 steps guide

Scenario 4 – Add a Trading Partner

The user wants to add a trading partner as selection criteria in the F-03 screen. How would you do this?

Solution

You are using transaction code F-03 to clear open items for a particular G/L account. While offsetting debit transactions with credits, depending upon business requirements, the user will select one of the selection options provided in that screen.

The SAP system will pull all open items based on the selection criteria. The standard SAP system comes with very limited selection criteria. However, you can include a new selection field and change the sequence of the selection criteria. To add a new selection field or change the election criteria sequence you have to configure the SAP system through transaction code O7F1.

Learn: Basics of SAP | SAP ERP Financials and its sub-modules

Scenario 5 – Line Item Display Issue in GL Accounts

There are a few G/L accounts where line item displays are not activated. The client would like to see what entries are actually hitting these accounts.

Two Possible Solutions to these Scenarios in SAP FICO.

Standard Solution

Create a new account and set the options according to your requirements. Be sure to set the line item display indicator ( SKB1-XKRES)

Transfer the line items from the old account to the new account. You can only do this for accounts that you cannot automatically post to. As an alternative, you can transfer the balance completely. Don’t forget to lock the old account for postings.

Consulting Solution

Manipulate all documents that you posted in the past. You can use the correction program RFSEPA01.

While creating the G/L account, you should take the utmost care with the open item management and line item management attributes of the G/L account.

SAP recommends the first solution because only standard means are used. The second solution requires the usage of a correction report and is, therefore, a consulting solution.

Scenario 6 – Wrong Posting Rule in Bank Statement

The client processed a bank statement and one of the line items in the bank statement overview in transaction FEBA shows the status as “Complete”.However, the client used a wrong posting rule here. How can you change to the correct posting rule and process the transaction again so that the status is changed to “posted”.

Again, two Solutions to handle this type of issues or SAP FICO Scenarios:-

Solution One:-

With a reverse bank reconciliation posting document by deleting the bank statement from the SAP system.

To delete the bank accounting statement follow the below steps:-

In TCode SE38, Enter RFEBKA96
Execute the program. – It will open the posted statement of bank accounting.
Select the statement that is wrongly posted to delete it.

Solution Two:-

Repost the Bank accounting statement again FF67 TCode.

Suggestion

Many such scenarios in SAP FICO comes under the roles and responsibilities of a FICO consultant. He/she face them in real-time work. Thus, they are expected to know the solutions to these kinds of issues quickly and efficiently as well. That’s why these kinds of problems become part of many of the FICO interview questions, so as to check the knowledge of the candidate.

I suggest you not only learn, but also practice these scenarios in the system to check the whole process of resolving such problems. This is also required for growing into the next phase of your SAP career i.e. SAP S/4HANA Finance. For upgrading into the new technology you should be expert in the current position which needs knowledge of every aspect of Financial Accounting. Here these kinds of scenarios help a lot.

Related Page: SAP FICO Training on S/4HANA

Visit Training Page: SAP S/4HANA Finance Training

Pradeep