- 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 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 - In SAP FICO system, which of the following is not a components under Finance Accouting?
Answer : D
Explanation
Q 2 - Which of the following represent the list of GL accounts that are used to meet daily needs and countrys 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 countrys legal requirement in a company. The master chart of accounts must be assigned to each company code.
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 - 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 - To manage quality defects and incorrect deliveries, which of the following can be used?
Answer : B
Explanation
Sales Returns in SAP FI is used to manage full products that the customer has returned due to a complaint. These are used in consumer good industry.
All returns are related to quality defects and not incorrect deliveries. The path that the returned merchandise takes often has to be tracked in detail. Returned item has to be sent for inspection.
Q 7 - In SAP FI, Credit control is used to specify and control the customer credit limits. It is not possible to divide a company code into several credit control areas?
Answer : A
Explanation
In SAP FI, Credit control is used to specify and control the customer credit limits. A credit control area can include one or more company codes. It is not possible to divide a company code into several credit control areas.
Q 8 - Consider a case- you have an invoice # 23156 and this invoice will remain open till you receive a payment for this invoice. When a payment is received a new document is created # 50000678, when you enter the receipt and this document also becomes the clearing document. Now due to some error, when you have to reverse this payment document, which of the following can be used to perform this?
Answer : C
Explanation
In SAP FI, you can clear vendor payment if an incorrect payment is made in Account Payables.
When you use this, the system will first reset the documents as open items and then reverse the document #.
Q 9 - Which of the following is not a category under Automatic Payment program?
B - Setup paying company codes
C - Payment method per country
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 cant be used for all company codes from different countries.
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