SAP FICO Interview Questions and Answers

SAP FICO Interview Questions and Answers

Here, we have listed all the Top SAP FICO Interview Questions and Answers for Freshers& Experienced. All the best for your interview Preparation.

Explain about SAP FICO?

What are the other modules to which Financial Accounting is integrated?

What are the organizational elements in SAP-FI?

What is posting key and what does it control?

What is the company code in SAP?

How many Chart of Accounts can company code have?

For a Company Code how many currencies can be configured?

What are the options in SAP for Fiscal years?

What is a ‘year shift’ in SAP calendar?

What is year dependent fiscal year variant?

How input and output taxes are taken care in SAP?

what is validations and substitutions in SAP?

What are the application areas that use validation and substitutions?

What is the use of Financial Statement Version in SAP?

What is a field status group?

What is FI-GL (Financial- General Ledger) Accounting does?

What is the default exchange rate type which is picked up for all SAP transactions?

What are the methods by which vendor invoice payments can be made?

What are the problems when business area is configured?

What are the customizing prerequisites for document clearing?

What is the importance of Good Received/ Invoice Received clearing account?

What is parallel and local currency in SAP?

Where can you use the internal order?

Is it possible to calculate depreciation to the day?

In Asset Accounting what is the organizational assignments?

What is the importance of asset classes? What asset classes are there?

How capital WIP (Work in Process) and Assets accounted for in SAP?

What are the major components of Chart of Accounts?

What is credit control area in SAP?

How can you create Credit Control Area in SAP?

What is posting period variants?

What is field status and what does it control?

What is short-end fiscal year?

What is an account group and where it is used?

What is the purpose of “Document type” in SAP?

Is business area at company code level?

What is APP in SAP Fico?

What is a country Chart of Accounts?

How are tolerances for invoice verification defined?