- 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 statement is correct about Account Receivable and payables?
Answer : B
Explanation
This includes the detail of amount that is paid by customer and the amount that is paid by company to the vendors. In other words AP includes all the vendor transactions and AR includes all the customer transactions.
Q 2 - Which of the following represent the list of GL accounts that are used to meet daily needs and country’s legal requirement in a company?
Answer : B
Explanation
The FI chart of accounts represent the list of GL accounts that are used to meet daily needs and country’s legal requirement in a company. The master chart of accounts must be assigned to each company code.
Q 3 - How many posting periods you can define in a fiscal year in controlling component CO?
Answer : B
Q 4 - In Field status group, field is available in screen, but it's grayed out, you cannot fill anything in here. This is known as −
Answer : D
Explanation
Suppress − The field is hidden in screen
Optional − The field is available in screen, you can keep it blank or fill it.
Require − The field is available in screen, and you have to fill it.
Display − The field is available in screen, but it's grayed out, you cannot fill anything in here.
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 - You can reverse an incorrect document and can also clear the open items. A document can only be reversed?
A - It contains no cleared items
B - It contains only customer, vendor, and G/L account items
C - It was posted with Financial Accounting
D - All entered values (such as business area, cost center, and tax code) are still valid
Answer : E
Explanation
You can also reverse an incorrect document and can also clear the open items. A document can only be reversed if −
- It contains no cleared items
- It contains only customer, vendor, and G/L account items
- It was posted with Financial Accounting
- All entered values (such as business area, cost center, and tax code) are still valid
How to reverse a document in SAP FI?
T-code: FB08
Q 7 - Which of the following statement is not correct about Credit control area?
A - The credit control area is used for credit management in AR and SD components.
C - Credit control can contain one company code.
D - Credit control is used to specify and control the customer credit limits
Answer : C
Explanation
Credit control can include one or more company codes and to enable it to do this, you must assign the respective credit control area to the company codes.
Q 8 - In SAP FI, you can post a vendor invoice in foreign currency so you can do currency analysis. If you post in FI, you can directly post back date invoices?
Answer : A
Q 9 - While defining Exchange rates, In direct quotation, you give base currency to foreign currency as 1/65 USD = 1 INR?
Answer : B
Explanation
Exchange rates can be entered as direct or indirect quotations. In direct quotation, we give multiple of base currency to foreign currency.
Example − 1 USD = 65 * 1 INR
For indirect quotation, it will be 1/65 USD = 1 INR.
Q 10 - In Asset explorer, which of the following component is used to navigate between different depreciation areas?
Answer : B
Explanation
Header − in which you enter the company code and asset number.
Overview tree − with which you can navigate between different depreciation areas. Overview tree that displays objects related to the asset
Tab − in which you analyze plan values and posted values using different parameters, and compare fiscal years and depreciation areas
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