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 - In SAP FICO system, which of the following is not a components under Finance Accouting?

A - General Ledger


C - Fixed Assets

D - Cost Center

Answer : D


Finance Accouting

Answer : D

Q 3 - Which of the following system is responsible for configuration of STMS?

A - QA system

B - SAP Landscape

C - Domain Controller

D - Production System

Answer : C

Q 4 - Which of the following is used to determine Account types (A, D, K, M, and S) and also the type of posting?

A - Posting Keys

B - Field Status group

C - Field status Variant

D - Posting Periods

Answer : A


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.

Q 5 - To create a stock outward movement material credit what is the posting key for this?

A - 70

B - 75

C - 89

D - 99

Answer : D


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 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

Q 9 - When a customer misses the payment for the outstanding invoice by payment due date, you can generate letter using SAP FI and send it to customer address for reminding the customer outstanding payment. This is known as?

A - Month end closing

B - Rounding Differences

C - Dunning

D - None of these

Answer : C

Q 10 - In Asset explorer, which of the following component is used to navigate between different depreciation areas?

A - Header

B - Overview tree

C - Tab

D - All of the above

Answer : B


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