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 which SAP client can be used to configure STMS?
Answer : B
Q 2 - Which of the following represent the list of GL accounts that are used to meet daily needs and country’s 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 country’s legal requirement in a company. The master chart of accounts must be assigned to each company code.
Q 3 - Which of the following Transaction code can be used to create a new G/L account?
Answer : A
Q 4 - Which of the following can be maintained in GL account and defines the fields while posting to the GL account?
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 - An Accountant has an authority to post documents to a maximum amount $4000, now he has to feed a document with an amount of $6000 for which he does not have the authority. Which of the following options allows an accountant to save the document but the amount is not posted in the G/L accounts?
A - Park a G/L Document Posting
Answer : A
Explanation
This allows to review the document later reviewed by higher authority Personnel who has appropriate posting amount authorization. Once approved, the document is posted in G/L accounts.
Q 6 - While archiving customer master records that you no longer need, which of the following deletion flag you can set?
Answer : E
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 - Which of the following t-code can be used to post incoming payment?
Answer : B
Q 9 - Which of the following documents is/are not covered by dunning system?
A - Open A/R invoices, including invoices that are partially credited or partially paid
B - Invoices that include installments
Answer : D
Explanation
The dunning system covers below documents −
- Open A/R invoices, including invoices that are partially credited or partially paid
- Invoices that include installments
- A/R credit memos
- Incoming payments that are not based on invoices
Q 10 - You can generate financial statements in any currency?
