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Sap Fico Questions

SAP FICO refers to SAP's Finance and Controlling modules which includes Financial Accounting (FI), Controlling (CO), Asset Accounting (AA), and other sub-modules. The document asks questions about key concepts and configurations in SAP FI including organizational elements, posting keys, company codes, chart of accounts, currencies, fiscal years, validations and substitutions, financial statement versions, field status, exchange rates, payment methods, business areas, clearing accounts, parallel and local currencies, asset classes, capital work in process, chart of accounts components, credit control areas, posting period variants, field status, account groups, document types, customer and vendor storage levels, invoice tolerances, country charts of accounts, terms of

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23 views2 pages

Sap Fico Questions

SAP FICO refers to SAP's Finance and Controlling modules which includes Financial Accounting (FI), Controlling (CO), Asset Accounting (AA), and other sub-modules. The document asks questions about key concepts and configurations in SAP FI including organizational elements, posting keys, company codes, chart of accounts, currencies, fiscal years, validations and substitutions, financial statement versions, field status, exchange rates, payment methods, business areas, clearing accounts, parallel and local currencies, asset classes, capital work in process, chart of accounts components, credit control areas, posting period variants, field status, account groups, document types, customer and vendor storage levels, invoice tolerances, country charts of accounts, terms of

Uploaded by

fa6
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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1) Explain the term SAP FICO?

2) What are the other modules to which ‘Financial Accounting’ is


integrated?
3) In SAP FI what are the organizational elements?
4) Explain what is posting key and what does it control?
5) What is the company code in SAP?
6) How many Chart of Accounts can company code have?
7) For a Company Code how many currencies can be configured?
8) What are the options in SAP for Fiscal years?
9) What is a ‘year shift’ in SAP calendar?
10) What is year dependent fiscal year variant?
11) In SAP how input and output taxes are taken care?
12) Explain what is validations and substitutions in SAP?
13) What are the application areas that use validation and
substitutions?
14) In SAP what is the use of FSV ( Financial Statement Version) ?
15) What is a field status group?
16) What is FI-GL (Financial- General Ledger) Accounting does?
17) What is the default exchange rate type which is picked up for all
SAP transactions?
18) What are the methods by which vendor invoice payments can
be made?
19) What are the problems when business area is configured?
20) For document clearing what are the customizing prerequisites ?
21) What is the importance of GR/IR ( Good Received/ Invoice
Received) clearing account?
22) What is parallel and local currency in SAP?
23) Where can you use the internal order?
24) Is it possible to calculate depreciation to the day?
25) In Asset Accounting what is the organizational assignments?
26) What is the importance of asset classes? What asset classes
are there?
27) How capital WIP (Work In Process) and Assets accounted for in
SAP?
28) What are the major components of Chart of Accounts?
29) What is credit control area in SAP?
30) How can you create Credit Control Area in SAP?
31) What is posting period variants?
32) Explain in simple terms what is field status and what does it
control?
33) What is short-end fiscal year?
34) What is an account group and where it is used?
35) What is the purpose of “Document type” in SAP?
36) Is business area at company code level?
37) In SAP, Customer and Vendor code are stored at what level?
38) How are tolerances for invoice verification defined?
39) What is a country Chart of Accounts?
40) What is APP in SAP Fico?
41) In SAP FICO what are the terms of payment and where are they
stored?
42) What are one-time vendors?
43) What are the standard stages of the SAP payment run?
44) In Accounts Receivable, what is the difference between the
‘Residual Payment’ and ‘Part Payment’ methods of allocating
cash?
45) What is “dunning” in SAP?
46) What is the purpose of the account type field in the GL (General
Ledger) master record?
47) Explain what is recurring entries and why are they used?
48) What is a ‘Value Field’ in the CO-PA module?
49) What are the statistical internal orders?
50) For what purposes internal orders can be used?

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