- SAP FICO Tutorial
- SAP FICO - Home
- SAP FI - Overview
- SAP FI - Submodules
- SAP FI - Company Basics
- SAP FI - Define Business Area
- SAP FI - Define Functional Area
- SAP FI - Define Credit Control
- SAP FI - General Ledger
- SAP FI - COA Group
- SAP FI - Retained Earnings Account
- SAP FI - G/L Account
- SAP FI - Block G/L Account
- SAP FI - Deleting G/L Accounts
- SAP FI - Financial Statement Version
- SAP FI - Journal Entry Posting
- SAP FI - Fiscal Year Variant
- SAP FI - Posting Period Variant
- SAP FI - Field Status Variant
- SAP FI - Field Status Group
- SAP FI - Define Posting Keys
- SAP FI - Define Document Type
- SAP FI - Document Number Ranges
- SAP FI - Post with Reference
- SAP FI - Hold a G/L Document Posting
- SAP FI - Park a G/L Document Posting
- SAP FI - G/L Reporting
- SAP FI - Accounts Receivable
- SAP FI - Customer Master Data
- SAP FI - Block a Customer
- SAP FI - Delete a Customer
- SAP FI - Customer Account Group
- SAP FI - One-Time Customer Master
- SAP FI - Post a Sales Invoice
- SAP FI - Document Reversal
- SAP FI - Sales Returns
- SAP FI - Post Incoming Payment
- SAP FI - Foreign Currency Invoice
- SAP FI - Incoming Partial Payments
- SAP FI - Reset AR Cleared Items
- SAP FI - Credit Control
- SAP FI - Accounts Payable
- SAP FI - Create a Vendor
- SAP FI - Create Vendor Acct Group
- SAP FI - Display Changed Fields
- SAP FI - Block a Vendor
- SAP FI - Delete a Vendor
- SAP FI - One-Time Vendor
- SAP FI - Post Purchase Invoice
- SAP FI - Purchases Returns
- Post Outgoing Vendor Payment
- SAP FI - Foreign Currency Invoice
- Withholding Tax in vendor invoice
- SAP FI - Outgoing Partial Payments
- SAP FI - Reset AP Cleared Items
- SAP FI - Automatic Payment Run
- SAP FI - Posting Rounding Differences
- SAP FI - Month End Closing
- SAP FI - Dunning
- SAP FI - Exchange Rates
- SAP FI - Tables in Module
- SAP FI - AR Invoice Processes
- SAP FI - AR Account Analysis
- SAP FI - AR Reporting
- SAP FI - AA Overview
- SAP FI - AA Asset Explorer
- SAP FI - Cash Management
- SAP CO - Overview
- SAP CO - Submodules
- SAP CO - Cost Center
- SAP CO - Create Cost Center
- SAP CO – Post to a Cost Center
- SAP CO - Internal Orders
- SAP CO - Settlement of IO
- SAP CO - Profit Center
- SAP CO - Postings to Profit Center
- Profit Center Standard Hierarchy
- Assigning Cost to Profit Centers
- Assigning Materials to Profit Center
- SAP CO - Tables in Module
- SAP CO - Product Costing
- SAP CO - Profitability Analysis
- SAP CO - Planning Methods
- SAP FI - Integration
- SAP FICO Useful Resources
- SAP FICO - Questions Answers
- SAP FICO - Quick Guide
- SAP FICO - Useful Resources
- SAP FICO - Discussion
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 - Which of the following is a smallest unit in an organization for which financial statements (profit-loss statement, etc.) can be generated?
Answer : B
Explanation
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 - You can use fast entry screens in SAP FI to enter?
A - Customer and Vendor line items
B - G/L customer and vendor line items
Answer : D
Q 3 - How many posting periods you can define in a fiscal year in controlling component CO?
Answer : B
Answer : C
Explanation
A = Assets
D = Customers
K = Vendors
M = Materials
S = General Ledger Account
Q 5 - What is the document type key to show a customer payment business transaction?
Answer : C
Explanation
Common Document types Key are −
| Document Type | Document Type Description |
|---|---|
| AA | Asset Posting |
| AN | Net Asset Posting |
| DR | Customer Invoice |
| DZ | Customer Payment |
| KA | Vendor Document |
| KG | Vendor Credit Memo |
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 - While creating a vendor for a company code, which of the following field is used to determine payment details - immediately, after 7 days?
Answer : D
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?
Answer : C
Explanation
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?
A - Payment method per country
Answer : D
Explanation
It provides details of bank account which is used by company to make payment to vendors and customers.
Q 10 - Which of the following report in AR account analysis, which of the following can be used to analyze customer open transactions company wise, group wise, Credit control etc. User can define open transactions criteria based on due date, Payment history, Currency analysis, overdue items etc.?
A - Customer Line Item Analysis
Answer : C
Explanation
T-code: F.30
This report will help to analysis customer open transactions company wise, group wise, Credit control etc. User can define open transactions criteria based on due date, Payment history, Currency analysis, overdue items etc.
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