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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 - Which of the following can be used to carry forward P/L account balances?
Q 3 - To effectively manage and control large number of G/L accounts, you can use Chart of accounts group?
A = Assets
D = Customers
K = Vendors
M = Materials
S = General Ledger Account
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?
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?
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?
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?
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 can be used to provide details of bank account which is used by company to make payment to vendors and customers?
It provides details of bank account which is used by company to make payment to vendors and customers.
Q 10 - Which of the following is not a submodule of SAP controlling system?
Following are key submodules of SAP controlling system −
Product Cost Controlling −