SAP FICO Online Quiz


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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.

Answer : D

Q 4 - What is the account type for a Vendor account in FI?

A - A

B - D

C - K

D - M

E - S

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

C - To save the document at later stage

D - All of the above

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 8 - Which of the following t-code can be used to post incoming payment?

A - F18

B - F28

C - F38

D - F11

Answer : B

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

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

sap_fico_questions_answers.htm
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