SAP FICO Online Quiz
Following quiz provides Multiple Choice Questions (MCQs) related to SAP FICO. You will have to read all the given answers and click over the correct answer. If you are not sure about the answer then you can check the answer using Show Answer button. You can use Next Quiz button to check new set of questions in the quiz.
Q 1 - Which of the following statement is correct about Account Receivable and payables?
Answer : B
Explanation
This includes the detail of amount that is paid by customer and the amount that is paid by company to the vendors. In other words AP includes all the vendor transactions and AR includes all the customer transactions.
Q 2 - Which of the following represent the list of GL accounts that are used to meet daily needs and country’s legal requirement in a company?
Answer : B
Explanation
The FI chart of accounts represent the list of GL accounts that are used to meet daily needs and country’s legal requirement in a company. The master chart of accounts must be assigned to each company code.
Q 3 - Which of the following system is responsible for configuration of STMS?
Answer : C
Q 4 - 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 5 - 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
Q 6 - In SAP FI, one time customer master record is required for customers?
B - No frequent transactions & Who doesn’t want to maintain their records separately
Answer : B
Q 7 - While creating a vendor for a company code, which of the following field is used to determine payment details - immediately, after 7 days?
Answer : D
Q 8 - Which of the following can be used to control the account groups in SAP FI?
A - field status of transaction fields
B - field status of master fields and number range
C - field status of master fields, number range and whether accounts are p&L or B/S
Answer : B
Q 9 - While defining Exchange rates, In direct quotation, you give base currency to foreign currency as 1/65 USD = 1 INR?
Answer : B
Explanation
Exchange rates can be entered as direct or indirect quotations. In direct quotation, we give multiple of base currency to foreign currency.
Example − 1 USD = 65 * 1 INR
For indirect quotation, it will be 1/65 USD = 1 INR.
Q 10 - In Asset explorer, which of the following component is used to navigate between different depreciation areas?
Answer : B
Explanation
Header − in which you enter the company code and asset number.
Overview tree − with which you can navigate between different depreciation areas. Overview tree that displays objects related to the asset
Tab − in which you analyze plan values and posted values using different parameters, and compare fiscal years and depreciation areas
