FICO Interview Questions & Notes

FI ARAP FI-SL Asset Accounting CO LIV General T.Codes Non-technical

FI Area Questions

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What are the organizational units in FI? a. Company b. Company Code c. Business Area d. Functional Area How will you maintain Periods for a Calendar-year specific Fiscal Year Variant? Periods cannot be maintained for Calendar-year specific FYV. What are the various account types in SAP? A - Assets D - Customers K - Vendors M - Material S - G/L V Contract Accounts In the G/L a/c master data which fields are mandated for entry, ie., REQUIRED fields? (a) Account Currency (b) Field Status Group How many currencies could be used in a company code for maintaining accounts? A company code can have only one currency as its local currency. However, two additional local currencies could be specified. Each currency is varied by the following specifications: 1. Currency Type (eg. 10, 20, 30, etc.) 2. Valuation type (Legal, Group, Profit Center) 3. Exchange Rate Type (M, B, G, P, etc.) 4. Source or Base Currency for translation (Transaction currency or local currency) 5. Translation date (Doc date, Posting date, Translation date)

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Comment [G1]: IMG FA > FAGS > Company Code > Multiple Currencies