FICO Interview Questions - 3

11) What is account group and what does it control?
Ans: Account group determines which fields you can configure on the G/L master record. It is necessary to have at least two one for B/S and another one for P&L a/c. It controls the Number ranges of GL A/C. The status of fields of the master record of GL belongs to company code area.
12) What is reconciliation account; can you directly enter documents in that a/c? Ans: When you p! ost items to a subsidiary ledger, the system automatically posts the same data to the general ledger. Each subsidiary ledger has one or more reconciliation accounts in the general ledger. We can’t use reconciliation account for direct postings.

13) How do you control field status of GL master records and from where do you control!
Ans: Field status variant is maintained all FSGs.

14) What are the segments of GL master record?
Ans: - COA Segment A/C group Nature of account Short text GL a/c long text Trading partner Group Account Number - Company code segment Account currency Tax Reconciliation a/c for a/c type OIM,LID,FSG.

15) What does Field status group assigned to a GL master record controls?
Ans: It controls the account assignments that are made to the account. Specifically the field status group controls whether postings to cost centers, internal orders, profitability segments and so on are required, not allowed (suppressed), or optional.