If you're looking for SAP GTS Interview Questions & Answers for Experienced & Freshers, you are at right place. There are a lot of opportunities from many reputed companies in the world. According to research SAP, GTS has a market share of about 2.1%. So, You still have the opportunity to move ahead in your career in SAP GTS. Mindmajix offers advanced SAP GTS Interview Questions 2022 that helps you in cracking your interview & acquire your dream career as SAP GTS Developer.
Ans: SAP R/3 is the former name of the enterprise resource planning software produced by SAP AG. It is an enterprise-wide information system designed to coordinate all the resources, information, and activities needed to complete business processes such as order fulfillment or billing.
SAP R/3 was arranged into distinct functional modules, covering the typical functions in place in an organization. The most widely used modules were Financials and Controlling (FICO), Human Resources (HR), Materials Management (MM), Sales & Distribution (SD), and Production Planning (PP).
Each module handled specific business tasks on its own but was linked to the others where applicable. For instance, an invoice from the billing transaction of Sales & Distribution would pass through to accounting, where it will appear in accounts receivable and cost of goods sold.
SAP typically focused on best practice methodologies for driving its software processes, but more recently expanded into vertical markets. In these situations, SAP produced specialized modules (referred to as IS or Industry Specific) geared toward a particular market segment, such as utilities or retail.
SAP-based the architecture of R/3 on a three-tier client/server structure:
SAP allows the IT-supported processing of a multitude of tasks, occurring in a typical company or bank. SAP ERP is differing from R/3 mainly because it is based on SAP NetWeaver: core components can be implemented in ABAP and in Java and new functional areas are mostly no longer created as part of the previous ERP system, with closely interconnected constituents, but as self-contained components or even systems.
GTS stands for Global Trade Services and is a standalone SAP App that replaces the existing foreign trade functionality in R/3 SAP. To conduct business in other countries, Businesses must comply with local laws, meet documentation requirements and understand complicated tariffs and duties.
Failure to do so can be costly so and GTS helps automate these processes to ensure compliances. SAP GTS is an ERP Based solution meant for companies that are mainly into Global operations.
Corporations which have trading contracts with a wide network of partners across the world with operations in different countries are likely to use this application. In today s global markets, outbound shipments have to clear customs fast.
That means ensuring that products are correctly classified and have the required complete and accurate documentation. Plus there s the challenge of mandatory electronic filing via the Automated Export System (AES) directly to U.S. Customs. Also, with the spread of global terrorism, export processes are subject to closer scrutiny than ever before.
For a business with partners overseas, it's essential to ensure that they're dealing with the right people, countries, and products. The business has to identify restrictions on specific items, countries of destination, and business partners, and there are a host of regulations to comply with and severe penalties for noncompliance.
In addition, to survive in today s fiercely contested global markets, Businesses cannot afford to pass up the opportunities offered by trade preference agreements such as the North American Free Trade Agreement (NAFTA). To do so, Business needs to provide detailed certification of the origin of their goods to their overseas customers.
GTS architecture how it communicates to Feeder System, all the master data like Material, customer-vendor and all the transaction data like sales order delivery billing doc get pushed to GTS through RFC Call. And any message back to the Feeder system flows through the RFC call.
Ans: If it is also without a conservator, it is the vacuum-sealed transformer. Vacuum inside allows for expansion of oil
Ans: here r mainly 4types of PO's are there,
Coming to the invoice there are different types of invoices are there, that is;
and in other ways, there is another invoice is there that is Recurring invoices.
Ans: Tally simple user-friendly accounting software. Whereas SAP is a full-fledged complete ERP the advantage of ERP in any big industry is it give access to as many employees as possible which is limited to their role.
For Example, PO is raised in a production module, but Invoice is raised in FI/CO module. For an Invoice to be processed in SAP, there should be a 3-way match, once a 3-way match is done Invoice gets booked and while doing a payment run, it gets picked in the payment run and the vendor receives money.
Accounts Payable: Amounts payable to the Suppliers/Vendors/Creditors. The accounting group can also be called Sundry Creditors. This is Current Liability.
Accounts Receivable: Amounts receivable from the Customers/Debtors. The accounting group can also be called Sundry Debtors. This is a Current Asset.
Bills Payable: Bills of Exchange drawn by Creditors/Suppliers on the company and is a Current Liability.
Bills Receivable: Bills of Exchange drawn by a company on its Customers/Debtors and is a Current Asset.
Ans: At the Time of Sale:
A’s A/c Dr. 50000
To Sales A/c 50000
(Being Amt due towards the sale of goods @$50 for $1000.)
At the Time of Payment:
Cash/Bank A/c Dr. 48000
Forex P&L A/c Dr. 2000
To A’s A/c 50000
(Being Amt received against the sale of $1000 goods @ $48)
Stay updated with our newsletter, packed with Tutorials, Interview Questions, How-to's, Tips & Tricks, Latest Trends & Updates, and more ➤ Straight to your inbox!
I am Ruchitha, working as a content writer for MindMajix technologies. My writings focus on the latest technical software, tutorials, and innovations. I am also into research about AI and Neuromarketing. I am a media post-graduate from BCU – Birmingham, UK. Before, my writings focused on business articles on digital marketing and social media. You can connect with me on LinkedIn.
Copyright © 2013 - 2022 MindMajix Technologies