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?
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?
Q 3 - To post transactions to an account in any currency, account currency should?
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?
You can also hold posting of a G/L document or temporarily save the document in below conditions −
Q 6 - In SAP FI, one time customer master record is required for customers?
Q 7 - Which of the following statement is not correct about Credit control area?
B - You define a credit control area according to the areas of responsibility for credit monitoring. For each credit control area, you enter a key, a name, and the currency in which the credit limit is to be managed in the credit control area.
Credit control can include one or more company codes and to enable it to do this, you must assign the respective credit control area to the company codes.
Q 8 - Which of the following t-code can be used to post incoming payment?
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?
Q 10 - In Asset explorer, which of the following component is used to navigate between different depreciation areas?
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