Sap fico interview questions and answers pdf
sap fico interview questions pdf – SAP SIMPLE DocsIt is the software that stores data, and also computes them and retrieves the result based on the current marketing scenario. In order to determine the transaction type which is entered in the line item, a two digit numerical is used known as 'Posting Key' Posting key determines a Account Types b Types of posting. To generate financial statements like Profit and Loss statement, Balance sheets etc. You can have one Chart of Account for one company code which is assigned. There are three currencies that can be configured for a Company code, one is a local currency and two are the parallel currencies. Fiscal year in SAP is the way financial data is stored in the system. In SAP, you have 12 periods and four special periods.
SAP FICO Interview Questions and Answers
It is very important as it handles all the financial transactions data. FICO data can be used to decide on the risk involved in giving the credit to the user. The credit score will decide if the credit can be extended or not. Good hands on knowledge on these concepts will put you ahead in interview. Every where, we can find job opportunities for this position. Wisdomjobs has interview questions which are exclusively designed for employees to assist them in clearing interviews.
Since through our expertise great interviewers simply intend to ask any critical question during your interview, commonly questions begin with some fundamental concept of the subject and next they proceed based on the distant analysis and Learn SAP FICO Online. Financial accounting and regulating are essential business fields, building a framework for every additional business enterprise. Tracing benefits, outgo and cash flow enable administration experts to give significant preparation choices concerning destiny. What Is Sap? What is Erp? Answer: ERP is a package with the techniques and concepts for the integrated management of the business as a whole, for effective utilization of administration sources, to increase the performance of an activity.
SAP FICO Interview Questions And Answers
Tagged MCQs on. Ans: A,B. SAP business object consists of. Ans: C. Maximum number of sessions a user can open when he logs. Ans: D. Fiscal year can be.
The main goal of this SAP fico interview questions are provide readers with a good knowledge base, to those new to SAP Finance Accounting and SAP controlling and to sharpen the skills to experienced consultants for job change. FICO module is the backbone of SAP which records, collects and process all the financial transactions of an organization on real time basis and provides the required details for internal and external reporting. What are the data will be copied to a new company code when you create a company code using copy as function? All the master data of company code will be copied to the new company code except transactional data. What is Retained earning account? We can define as many retained earnings accounts in SAP as per requirements. In SAP, one company code can be assigned to only one chart of accounts.