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.

Questions and Answers

Q 1 - Which of the following is a smallest unit in an organization for which financial statements (profit-loss statement, etc.) can be generated?

A - A Company

B - Company Code

C - Functional area

D - Credit Control

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 - Which of the following is used to differentiate transactions that comes from different line of business in a company?

A - Business Area

B - Credit Control

C - Functional Area

D - General Ledger

Answer : A

Q 3 - To effectively manage and control large number of G/L accounts, you can use Chart of accounts group?

A - True

B - False

Answer : A

Q 4 - Which of the following can be maintained in GL account and defines the fields while posting to the GL account?

A - Field Status Variant

B - Field Status Group

C - Posting Periods

D - None of these

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 5 - Which of the following transaction is used to define a document number range in document type?

A - FBN1

B - FS00

C - OB53

D - OBD4

Answer : A

Q 6 - While archiving customer master records that you no longer need, which of the following deletion flag you can set?

A - All Area

B - Selected Company code

C - Selected Sales area

D - B and C

E - All of the above

Answer : E

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?

A - Recon account

B - Company code

C - Sort key

D - Payt terms

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?

A - True

B - False

Answer : A

Answer : E

Explanation

Automatic Payment Program serves the purpose of posting accounts payable like payment to a vendor based on vendor invoices automatically, shortly termed as APP.

It is used to find out due/overdue invoices and to process list of customer and vendor invoices to make payments in one go. APP can’t be used for all company codes from different countries.

Q 10 - Which of the following report in AR account analysis, which of the following can be used to analyze customer open transactions company wise, group wise, Credit control etc. User can define open transactions criteria based on due date, Payment history, Currency analysis, overdue items etc.?

A - Customer Line Item Analysis

B - Balance Analysis

C - Customer Evaluation Report

D - All of the above

Answer : C

Explanation

T-code: F.30

This report will help to analysis customer open transactions company wise, group wise, Credit control etc. User can define open transactions criteria based on due date, Payment history, Currency analysis, overdue items etc.

sap_fico_questions_answers.htm
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