sap fico online training

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• SAP FICO Interview Questions Answers

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1.Explain the term SAP FICO? SAP FICO stands
for FI (financial Accounting) and CO
(controlling). In SAP FICO, SAP FI take cares
concerning Accounting, preparation of monetary
statements, tax computations etc, whereas SAP CO
take cares of repose orders, cost sheet,
inventory sheet, price allocations etc.

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2. In SAP FI what area unit the structure
elements? The structure components in SAP FI
are a) Company Code b) Business space c) Chart
of Account d) Functional area

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• 3.What is the Company code in SAP?
• To generate money statements like Profit and
  Loss statement, Balance sheets etc. company code
  is employed.
• 4.Where are you able to use the interior order?
• To track the price, internal orders area unit
  used they're projected to be incurred over on a
  brief term basis.

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• 5.Explain what's validations and substitutions in
  SAP?
• For each useful space in SAP Validation or
  Substitution is outlined eg, Assets, dominant
  etc. at the subsequent levels
• Document Level
• b) Line item Level

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6.What is a field standing group? Field
standing teams management the fields that return
up once the user will the transactions. In FIGL
(Financial General Ledger) master, the sector
standing cluster is hold on.

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7.What area unit the issues once business space
is configured? The problem Janus-faced
once a business space is designed, is ripping of
account balance that is a lot of pertinent within
the case of tax accounts.

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8.What are the statistical internal orders?
Statistical internal orders are dummy cost
objects used for reporting and analysis purposes.
It can must be posted to in conjunction with a
real object such as a cost center.
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9.What is credit control area in SAP? To
immune your company from the risk of bad debts
and multiple outstanding receivable, you can set
a credit limit for your customer by using credit
control area in SAP. With the help of SAP, you
can block the deliveries to your customer based
on the credit limit and the accounts receivable
balance in their account which is maintained by
you

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10.What is short-end business year? A
short-end year results after you modification
from a traditional year to a non-calendar year,
or alternative method around. this sort of
modification happens once Associate in Nursing
enterprise becomes a part of a brand new
co-corporate cluster
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Thank You

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