Top 50 SAP FICO Interview Questions and Answers - Shikshaglobe

Content Creator: Preet.Sharma

Explain the term SAP FICO?

SAP FICO represents FI ( Financial Accounting) and CO (controlling). In SAP FICO, SAP FI take thinks often about bookkeeping, arrangement of budget reports, charge calculations and so forth, while SAP CO take cares of entomb orders, cost sheet, stock sheet, cost designations and so on. The product stores information, and furthermore processes them and recovers the outcome in light of the ongoing advertising situation. SAP FICO forestalls information lost and furthermore does the confirmation and announcing of information.

What are different modules to which 'Monetary Accounting' is coordinated?

Different modules to which 'Monetary Accounting' is coordinated are

a) Sales and Distribution

b) Material Management

c) Human Resource

d) Production Planning

e) Controlling of monetary exchange

In SAP FI what are the authoritative components?

The hierarchical components in SAP FI are:

a) Company Code

b) Business Area

c) Chart of Account

d) Functional Area

Explain what is posting key and what does it control?

To decide the exchange type which is placed in the detail, a two digit mathematical is utilized known as 'Posting Key'

Posting key decides

a) Account Types

b) Types of posting. Charge or Credit

c) Field status of exchange

What is the organization code in SAP?

To produce fiscal reports like Profit and Loss articulation, Balance sheets and so forth organization code is utilized.

what number Chart of Accounts can organization code have?

You can have one Chart of Account for one organization code which is alloted.

For a Company Code what number of monetary standards can be designed?

There are three monetary standards that can be designed for a Company code, one is a neighborhood money and two are the equal monetary forms.

What are the choices in SAP for Fiscal years?

Monetary year in SAP is how monetary information is put away in the framework. In SAP, you have 12 periods and four unique periods. These periods are put away in monetary year variation that is:

a) Calendar Year: From Jan-Dec, April-March

b) Year subordinate monetary year

What is a 'year shift' in SAP schedule?

SAP framework doesn't have the foggiest idea what is broken financial year e.g April 2012 to March 2013 and just figure out the schedule year. If, for any business, the financial year isn't a schedule year yet the blend of the various long periods of two different schedule year and afterward one of the schedule year needs to delegated a monetary year for SAP and the month falling in one more year must be changed into the monetary year by moving the year by utilizing the sign - 1 or +1. This change in the year is known as 'year shift'.Model: April 2012 to Dec 2012 is our most memorable schedule year, and Jan 2013 to March 2013 is our subsequent year, presently in the event that you are taking April-12 to Dec-12 as your financial year, then Jan-13 to March-13 consequently turns into the subsequent year, and you need to change this year by utilizing - 1 shift, as well as the other way around in the event that the situation is switched, here you will utilize +1 shift.

What is year subordinate monetary year variation?

In a year subordinate financial year variation, the quantity of days in a month isn't according to the schedule month. For instance, in year 2005, month January end on 29th, month Feb closes on 26th and so on.

In SAP how info and result charges are taken consideration?

For every nation charge technique is characterized, and charge codes are characterized inside this. There is an adaptability to one or the other cost out the Tax sums or underwrite something similar to stocks.

Explain what is approvals and replacements in SAP?

For each utilitarian region in SAP Validation or Substitution is characterized eg, Assets, Controlling and so on at the accompanying levels

a) Document Level

b) Line thing Level

What are the application regions that utilization approval and replacements?

a) FI-Financial bookkeeping

b) CO-Cost bookkeeping

c) AM-Asset bookkeeping

d) GL-Special reason record

e) CS-Consolidation

f) PS-Project framework

g) RE-Real domain

h) PC-Profit focus bookkeeping

In SAP what is the utilization of FSV ( Financial Statement Version) ?

FSV ( Financial Statement Version) is a revealing device. It very well may be utilized to separate last records from SAP like Profit and Loss Account and Balance Sheet. The different FSV's can be utilized for producing the result of different outside organizations like Banks and other legal specialists.

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