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 is a smallest unit in an organization for which financial statements (profit-loss statement, etc.) can be generated?
Answer : B
Explanation
In SAP FI, a company can comprise of multiple codes, however it acts as a single unit for which financial statements are available. Company code is smallest unit in an organization for which financial statements (profit-loss statement, etc.) can be generated.
Q 2 - You can use fast entry screens in SAP FI to enter?
A - Customer and Vendor line items
B - G/L customer and vendor line items
Answer : D
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
Answer : C
Explanation
A = Assets
D = Customers
K = Vendors
M = Materials
S = General Ledger Account
Q 5 - 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 6 - In SAP FI, it is possible to block a customer account in AR so that postings are no longer made to that account. You have to block a customer account after marking a customer master record for deletion?
Answer : B
Explanation
You have to block a customer account before marking a customer master record for deletion.
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 - In SAP FI, you can post a vendor invoice in foreign currency so you can do currency analysis. If you post in FI, you can directly post back date invoices?
Answer : A
Q 9 - Which of the following documents is/are not covered by dunning system?
A - Open A/R invoices, including invoices that are partially credited or partially paid
B - Invoices that include installments
Answer : D
Explanation
The dunning system covers below documents −
- Open A/R invoices, including invoices that are partially credited or partially paid
- Invoices that include installments
- A/R credit memos
- Incoming payments that are not based on invoices
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
