1/19/2018 SAP FICO interview question and answers | Tips To Remember

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question and answers, Sap Fico Interview Questions & Answers

Sap Fi Interview Questions fo

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SAP FICO interview question

and answers
  1)          What is a Company Code and what are the basic organizational
assignments to a company code?

A)    Company Code is a legal entity for which nancial statements like Pro t and
Loss and Balance Sheets are generated. Plants are assigned to the company
code, Purchasing organization is assigned to the company code, and Sales
organization is assigned to the company code.

2)      How many Chart of Accounts can a Company code have?

A)    A single Company code can have only one Chart of Account assigned to it.
The Chart of Accounts is nothing but the list of General Ledger Accounts.

3)      What are the options in SAP when it comes to Fiscal years?

A)    Fiscal year is nothing but the way nancial data is stored in the system. SAP
provides you with the combination of 12 normal periods and also four special
periods. These periods are stored in what is called the scal year variant. There

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1/19/2018 SAP FICO interview question and answers | Tips To Remember
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are two types of Fiscal Year Variant one is Calendar Year – e.g. Jan-Dec and
another one is Year Dependent Fiscal Year. IBM Fico Interview Questi

4)      What is a year dependent scal year variant ?

Sap Fi Interview Questions fo
A)    In a year dependent scal year variant the number of days in a month are
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not as per the calendar month. Let us take an example:- For the year 2005 the
period January ends on 29th, Feb ends on 27th, March ends on 29. For the year Interview Programmer
2006 January ends on 30th, Feb ends on 26th, March ends on 30th. This is
applicable to many countries especially USA. Ever year this scal year variant
needs to be con gured in such a case.
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5)      How many currencies can be con gured for a company code?

A)    A company code can have 3 currencies in total. They are local currency i.e. What Is The Cause of
company code currency) and 2 parallel currencies. This gives the company the Hemorrhoids?
exibility to report in the di erent currencies. Steps to E ective Hand Wash

6)      If there are two company codes with di erent chart of accounts how can Diet For Kidneys

you consolidate their activities? Early Signs of Pregnancy

A)      In this case you either need to write an ABAP program or you need to Surprising Bene ts of Chanting
AUM or OM
implement the Special Consolidation Module of SAP. If both the company codes
use the same chart of accounts then standard SAP reports give you the
consolidated gure.
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7)      What is a Account group and where is it used?

A)    An Account group controls the data that needs to be entered at the time of
creation of a master record. Account groups exist for the de nition of a GL Like Page
account, Vendor and Customer master. It basically controls the elds which pop
up during master data creation in SAP. Be the first of your friends to like this

8)      What is a Financial Statement Version?

A)      A FSV (Financial Statement Version) is a reporting tool and can be used to
depict the manner in which the nancial accounts like Pro t and Loss Account
Categories
and Balance Sheet needs to be extracted from SAP. It is freely de nable and
multiple FSV’s can be de ned for generating the output for various external
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agencies like Banks and other Statutory authorities.

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9)      How are input and output taxes taken care of in SAP? application development cognos cognos 8
cognos applications cognos
A)    A tax procedure is de ned for each country and tax codes are de ned within
this. There is exibility to either expense out the Tax amounts or Capitalize the
reporting cognos reports Core
Java - Interview Questions and Answers
same to Stocks.

dot net
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1/19/2018 SAP FICO interview question and answers | Tips To Remember

10)  Is Business area at company code Level?

applications dot
A)    No. Business area is at client level. What this means is that other company
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11)  What are the problems faced when a Business area is con gured? developers dot net
A)    The problem of splitting of account balance is more pertinent in case of tax
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accounts. framework dot net programming
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12)  Which is the default exchange rate type which is picked up for all SAP answers interview questions and
transactions? answers Interview tips for Freshers Java
A)      The default exchange rate type picked up for all SAP transactions is M Interview Question and Answers Java
(average rate)
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13)  How many numbers of line items in one single entry you can have? interview questions with answers java
programming PHP Interview
A)      The number of line items in one document you can accommodate is 999
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lines.
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14)  In customizing “company code productive “means what? What does it Interview Questions For Freshers php

denote? programming sas programming search

engine marketing tips
A)      Once the company code is live(real time transactions have started) this
check box helps prevents deletion of many programs accidentally. This check search engine
box is activated just before go live. optimization tips testing
15)  Is it possible to print the nancial statement version on a SAP script form? interview question and
answer testing interview questions
A)      Yes. It is possible to print the nancial statement version on a SAP script answers testing interview questions for
form. freshers Web Design Tips weblogic weblogic

app server web logic server

16)  Is it possible to generate a nancial statement form automatically?
weblogic server
A)    Yes. It is possible to generate a form automatically.
weblogic servers websphere
17)  Is it possible to keep the FI posting period open only for certain GL codes?
application Websphere
A)      Yes. It is possible to keep open the FI posting period only for certain GL
codes. Application
18)  At what level are the customer and vendor codes stored in SAP? Server websphere application

A)      The customer and vendor code are at the client level. That means any servers websphere developer
company code can use the customer and vendor code by extending the websphere server what
company code view. is weblogic server what is
websphere
19)  Where do you attach the check payment form?

A)    It is attached to the payment method per company code.

20)  Where are Payment terms for customer master maintained?

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1/19/2018 SAP FICO interview question and answers | Tips To Remember

A)    Payment terms for customer master can be maintained at two places i.e. in
the accounting view and the sales view of the vendor master record.

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