- SAP FICO Tutorial
- SAP FICO - Home
- SAP FI - Overview
- SAP FI - Submodules
- SAP FI - Company Basics
- SAP FI - Define Business Area
- SAP FI - Define Functional Area
- SAP FI - Define Credit Control
- SAP FI - General Ledger
- SAP FI - COA Group
- SAP FI - Retained Earnings Account
- SAP FI - G/L Account
- SAP FI - Block G/L Account
- SAP FI - Deleting G/L Accounts
- SAP FI - Financial Statement Version
- SAP FI - Journal Entry Posting
- SAP FI - Fiscal Year Variant
- SAP FI - Posting Period Variant
- SAP FI - Field Status Variant
- SAP FI - Field Status Group
- SAP FI - Define Posting Keys
- SAP FI - Define Document Type
- SAP FI - Document Number Ranges
- SAP FI - Post with Reference
- SAP FI - Hold a G/L Document Posting
- SAP FI - Park a G/L Document Posting
- SAP FI - G/L Reporting
- SAP FI - Accounts Receivable
- SAP FI - Customer Master Data
- SAP FI - Block a Customer
- SAP FI - Delete a Customer
- SAP FI - Customer Account Group
- SAP FI - One-Time Customer Master
- SAP FI - Post a Sales Invoice
- SAP FI - Document Reversal
- SAP FI - Sales Returns
- SAP FI - Post Incoming Payment
- SAP FI - Foreign Currency Invoice
- SAP FI - Incoming Partial Payments
- SAP FI - Reset AR Cleared Items
- SAP FI - Credit Control
- SAP FI - Accounts Payable
- SAP FI - Create a Vendor
- SAP FI - Create Vendor Acct Group
- SAP FI - Display Changed Fields
- SAP FI - Block a Vendor
- SAP FI - Delete a Vendor
- SAP FI - One-Time Vendor
- SAP FI - Post Purchase Invoice
- SAP FI - Purchases Returns
- Post Outgoing Vendor Payment
- SAP FI - Foreign Currency Invoice
- Withholding Tax in vendor invoice
- SAP FI - Outgoing Partial Payments
- SAP FI - Reset AP Cleared Items
- SAP FI - Automatic Payment Run
- SAP FI - Posting Rounding Differences
- SAP FI - Month End Closing
- SAP FI - Dunning
- SAP FI - Exchange Rates
- SAP FI - Tables in Module
- SAP FI - AR Invoice Processes
- SAP FI - AR Account Analysis
- SAP FI - AR Reporting
- SAP FI - AA Overview
- SAP FI - AA Asset Explorer
- SAP FI - Cash Management
- SAP CO - Overview
- SAP CO - Submodules
- SAP CO - Cost Center
- SAP CO - Create Cost Center
- SAP CO – Post to a Cost Center
- SAP CO - Internal Orders
- SAP CO - Settlement of IO
- SAP CO - Profit Center
- SAP CO - Postings to Profit Center
- Profit Center Standard Hierarchy
- Assigning Cost to Profit Centers
- Assigning Materials to Profit Center
- SAP CO - Tables in Module
- SAP CO - Product Costing
- SAP CO - Profitability Analysis
- SAP CO - Planning Methods
- SAP FI - Integration
- SAP FICO Useful Resources
- SAP FICO - Questions Answers
- SAP FICO - Quick Guide
- SAP FICO - Useful Resources
- SAP FICO - Discussion
SAP FICO Mock Test
This section presents you various set of Mock Tests related to SAP FICO. You can download these sample mock tests at your local machine and solve offline at your convenience. Every mock test is supplied with a mock test key to let you verify the final score and grade yourself.
SAP FICO Mock Test II
Q 1 - How many posting periods you can define in a fiscal year in controlling component CO?
Answer : B
Q 2 - Which of the following system is responsible for configuration of STMS?
Answer : C
Q 3 - To post transactions to an account in any currency, account currency should?
A - Account currency is same as local currency of company code
B - Account currency is different from company code currency
Answer : A
Q 5 - Which of the following can be maintained in GL account and defines the fields while posting to the GL account?
Answer : B
Explanation
Field status variant will have filed status groups. Filed status group is maintained in GL account and It defines the field’s while posting to the GL.
Q 6 - In Field status group, field is available in screen, but it's grayed out, you cannot fill anything in here. This is known as −
Answer : D
Explanation
Suppress − The field is hidden in screen
Optional − The field is available in screen, you can keep it blank or fill it.
Require − The field is available in screen, and you have to fill it.
Display − The field is available in screen, but it's grayed out, you cannot fill anything in here.
Q 7 - Which of the following is used to determine Account types (A, D, K, M, and S) and also the type of posting?
Answer : A
Explanation
Posting Keys in SAP FI is used to determine Account types (A, D, K, M, and S) and also the type of posting. It is 2 digit numerical key.
Answer : C
Explanation
A = Assets
D = Customers
K = Vendors
M = Materials
S = General Ledger Account
Q 9 - To create a stock outward movement material credit what is the posting key for this?
Answer : D
Explanation
Asset Posting Keys −
| Posting Key | Description | Debit/Credit |
|---|---|---|
| 70 | Debit Asset | Debit |
| 75 | Credit Asset | Credit |
Material Posting Keys −
| Posting Key | Description | Debit/Credit |
|---|---|---|
| 89 | Stock Inward Movement | Material Debit |
| 99 | Stock outward Movement | Material Credit |
Q 10 - What is the document type key to show a customer payment business transaction?
Answer : C
Explanation
Common Document types Key are −
| Document Type | Document Type Description |
|---|---|
| AA | Asset Posting |
| AN | Net Asset Posting |
| DR | Customer Invoice |
| DZ | Customer Payment |
| KA | Vendor Document |
| KG | Vendor Credit Memo |
Q 11 - Which of the following transaction is used to define a document number range in document type?
Answer : A
Q 12 - You can also hold posting of a G/L document or temporarily save the document in which of the following conditions?
A - When G/L document is not complete
B - Incomplete/Incorrect Information in the document
Answer : D
Explanation
You can also hold posting of a G/L document or temporarily save the document in below conditions −
- When G/L document is not complete
- Incomplete/Incorrect Information in the document
- To save the document at later stage
Answer Sheet
| Question Number | Answer Key |
|---|---|
| 1 | B |
| 2 | C |
| 3 | A |
| 4 | B |
| 5 | B |
| 6 | D |
| 7 | A |
| 8 | C |
| 9 | D |
| 10 | C |
| 11 | A |
| 12 | D |