- 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 - Which of the following can be used to carry forward P/L account balances?
A - Automatically using single retained earning accounts
B - Automatically using multiple retained earning accounts
C - Using period end processing via single retained earning account
D - Using period end processing via multiple retained earning account
Answer : D
Q 3 - How many posting periods you can define in a fiscal year in controlling component CO?
Answer : B
Q 4 - Which of the following is used to determine Account types (A, D, K, M, and S) and also the type of posting?
Answer : A
Explanation
Posting Keys in SAP FI is used to determine Account types (A, D, K, M, and S) and also the type of posting. It is 2 digit numerical key.
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 - There is a customer with an outstanding amount of 1500 and makes a payment of 500 then there will two separate open items of 1500 Debit and 500 Credit in FI system?
Answer : C
Explanation
In SAP FI, you can also post partial payments from customer. These partial payments are posted as separate open items.
Customer can see clearly what all invoice has been issued to customer and what payments he has made. But it keeps the multiple open items, until the invoice is fully paid/ cleared.
Q 8 - To release a task, which of the following transaction codes can be used?
Answer : C
Q 9 - Which of the following is not a category under Automatic Payment program?
B - Setup paying company codes
C - Payment method per country
Answer : E
Explanation
Automatic Payment Program serves the purpose of posting accounts payable like payment to a vendor based on vendor invoices automatically, shortly termed as APP.
It is used to find out due/overdue invoices and to process list of customer and vendor invoices to make payments in one go. APP can’t be used for all company codes from different countries.
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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