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Discussion > Students > Others > SAP FICO DETAILS Pages : 1
There are 2 Replies to this message Posted On 06 July 2010 at 15:23
SAP FICO stands for SAP Finance and Control
BALU A HELPING HAND... ACCOUNTS MANAGER [ Scorecard : 24044]
SAP FI/CO Certification Sample Questions
Question: Which of the following statements are correct? A More than one chart of accounts can be created for each client B The chart of accounts contains all the G/L accounts, vendor accounts and customer accounts C More than one company code can be allocated to the same chart of accounts D The chart of accounts controls all the customising settings in the R/3 system E All accounts within a chart of accounts must have the same tax code Question: What status reports does Cash Management and forecasting include? A. Cash management position B. Liquidity forecast Related Files C. Credit limit report D. G/L account balances mis financia.xls E. Bill holdings (3299 downloads) Question: concentratio.xls Which of the following are clearing procedures in accounts receivable? (1462 downloads) A. Incoming payment madness.pps B. Down payment request (922 downloads) C. Credit memo easy way to .doc D. Transfer posting (897 downloads) Question: difference b.pdf When creating an Overhead Cost Order, the first order information which must be (895 downloads) entered is: easy way to .pdf A. Order status (708 downloads) B. Order type top200secret.pdf C. Settlement type (644 downloads) D. Curreny ms excel for.pdf E. Classification code (582 downloads) Question: salary11.doc When creating an Overhead Cost Order, the settlement rule must be entered in the (545 downloads) control data. who moved Which settlement receivers are available for internal orders? my.pdf A. Cost center (536 downloads) B. Orders More >> C. General ledger accounts D. Asset E. Vendor Question: In Controlling, a distinction is made between master data, planning, actual data and the information system. Which of the following master data belongs to Controlling? A. G/L account B. Work center C. Cost center D. Activity type E. Supplier Question: Withing Overhead Cost Controlling activities are calculated. A Sender/Receiver relationship exists. However, not all Sender/Receiver combinations are allowed. Which of the following combinations make business sense? A. Sender. Cost Center, Order, Project Receiver. Cost Center, Order, Project B. Sender. Order Receiver. Cost Center, Project
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210 – Retirement with Revenue. Group Asset. how will be the interview. Sub-Asset. E. if anybody have taken interview with any company. Dalal This is umapathy. which needs to be capitalised. Materials have been withdrawn..r. Areas. Main Asset. Cost Object Question: Period closing activities are also performed in Controlling.: Brief about the project you did: w. This is dependent on certain prerequisites. Dep. Key. prepare yourself on the following broad lines: Implementation exp.). What modules were implemented. Structure for CO v) Product Costing: How the values flow in the system Configuration: a) Extended With Holding Taxes configuration steps – right from creation of WH Tax Types. ACCOUNTS MANAGER capitalisation of the asset. A/R. How many were in your module team.For ex Say a computer.Marazban D. Stock Entries s) Assessment vs Distribution t) Org. AA. What’s the period of the project. Cost Centers defined. Project. Personnel costs have been incurred. An order was closed. Any issues you’d solved during ‘Support’ phase? Questions on conceptual understanding: a) SAP R/3 definition and 3-Tier Architecture b) ‘Real time integration’ advantage of SAP c) ASAP methodology d) Solution Manager e) Client / Company / Company Code / Business Area f) Business Area vs Profit Center Approach g) How effective will be the Financial Statements generated through Business Areas h) With Holding Taxes vs Extended WHT i) Field Status Concepts (G/L master fields controlled through Account Group and Document entry through Field Status Group set in the G/L master) j) Special G/L transactions k) Open item management l) Reconciliation Accounts m) Subsidiary Ledgers n) Sort key o) Negative Postings Allowed p) Special periods q) Only balances in local currency r) Important Posting keys for G/L. The posting period has been closed. Acquisition means any asset which you may acquire/ purchase externally. Cost Center. Posted On 06 July 2010 at 15:25 FI/CO Interview Questions What is APC? APC stands for Acquisition and Production costs.. General questions: a) Educational Background b) What influenced you to go in for SAP career? c) Functional Career d) Present earnings vs Expected pay e) Inclination to relocate 2 of 6 26-09-2010 01:09 . Dep.Chartered Accountants India. B. Codes to Annual Return b) FI-MM Integration (OBYC configuration with particular reference to Off-Setting entries) c) FI-SD integration d) Down Payments transactions e) Interest – Balances / Arrears f) Asset Accounting: Asset Class. Order. In OADB under 01 deprn area Acquisition & prod Cost tick is activated. Structure for FI u) Org. C. A/P. share with me.. any Business Areas or Profit Centers defined. say addition to the office building.. How many plants they had. freight which you add and arrive at total cost of acquisition for HAND. This is normally created by means of AUC and you go on adding cost to the AUC as and when you incurr exp. Transaction Codes.com/forum/sap-fico-details-91222. When did they Go-Live?. Which of the following are MINIMUM criteria before it makes sense to carry out period closing? A. Associated with it BALU A HELPING like customs.T.External acquisition. etc.asp?offset=1 C Sender. implementation side and other questions plz. Therefore APC incudes any external acquisition or internal construction of exp. Who were the implementers. octroi. I have intereview tomorrow. for the same. D. Transaction No. The Enterprise Structure with regard to the no. It includes invoice price and other related exp.caclubindia. What’s your role in the project with respect to the activities you partook in the project. The total cost which you incurr for the [ Scorecard : 24044] acquisition of the computer including installation will be your APC Production cost means any asset which is created internally within the organisation.Students Forum . Pl. http://www. Cost Center Receiver. Imp.s (100.For ex..SAP FICO DETAILS . the main activity of the client. of Company Codes. *-.t. What’s the implementation team size. How the questions will be on configuration. kindly let me know what the questions they will be asking. Overhead has been incurred.
com. as extended and collaborative. 5. b) [ ] The ALE concept is related to an enterprise structure with areas that have central tasks and areas with tasks that are decentralized. we can affirmate that (Please choose the correct sentence): a) [ ] The internet revolution could turn available to companies the use of ERP functionality. What can we say about ALE (Application Link Enabling. core within enterprises and collaborative.Students Forum . ERP can be considered as an integrated system and e-business. according to Fiscal Year. About evolution in the world of business. beyond company boundaries. what is true (Note: we can have more than one correct sentence. 4.SAP FICO DETAILS . sales order. c) [ ] It is composed of tables that are related in a business context. internal processes. ACCOUNTS MANAGER [ Scorecard : 24044] 1. c) [ ] The internet has driven to a collaborative environment where value is created through collaboration within business comunities. as an integrated system and an open integration platform. c) [ ] ERP is SAP R/3. e) [ ] It is a sequence of dialog steps that are consistent in a business context and that belong together logically. About the definition of ERP and e-business functionalities. order entry) to integrate core. d) [ ] It is the representation of a central business object in the real world.caclubindia. Please select the sentences you think they are correct)? a) [ ] Business processes cannot be distributed using ALE. 6.Chartered Accountants India.. c) [ ] The applications are integrated via a central database. c) [ ] an organizational unit that provides an additional evaluation level for the purpose of segment reporting. to bring value through extending the Internet Revolution. 7. payroll. About BAPI (Business Application Programming Interface). e) [ ] A business object in the Business Object Repository (BOR) can have many methods from which one or several are implemented as BAPIs. Please select the sentences you think they are correct)? a) [ ] It is a well-defined interface providing access to processes and data of business application systems. 2. e) [ ] The ALE concept supports the implementation and operation of distributed SAP applications. c) [ ] A BAPI is assigned to one and only one business object. ERP can be considered as enterprise centric and e-business. b) [ ] ERP is mySAP Financials and mySAP HR. d) [ ] The applications are integrated via the message exchange. Consider the following sentences: 7. d) [ ] a dependent accounting entity. for example.T. What is a SAP Business Object (Please choose the correct sentence)? a) [ ] It is all the transaction data generated via transactions. such as an employee. b) [ ] The next generation of Â“new dimensionÂ” products appeared taking functionality out of the company. ERP can have them integrated.1. 3. b) [ ] an organizational unit in an enterprise that represents a closed system used for cost accounting purposes. d) [ ] In the first the companies were looking at Cost reduction and efficiency through integration of business comunities. d) [ ] In the R/3 Enterprise version (4.7) we can use BAPI to create an internal order inside a customized ABAP program.asp?offset=1 Posted On 06 July 2010 at 15:30 SAP FI/CO Sample Questions and Answers 1 BALU A HELPING HAND. Note: we can have more than one correct sentence. b) [ ] It is the instancied class of the Class Builder. http://www. standardized interface for integrating third-party applications and components in the Business Framework.. while e-business is mySAP.. d) [ ] About Business Model.com/forum/sap-fico-details-91222.. including the related appplication programs and it is maintained in the Class Repository. b) [ ] BAPIs offer a stable. invoice and so on. purchase requisition. we can say that (Note: we can have more than one correct sentence. Please select the sentences you think they are correct): a) [ ] ERP offers enterprise centric functionality (general ledger. e) [ ] About Architecture. f) [ ] About Processes. A company code is: a) [ ] an independent accounting entity (the smallest organization element for which a complete self-contained set of accounts can be drawn up). The variant principle is a three-step method used in R/3 to assign 3 of 6 26-09-2010 01:09 . e) [ ] the highest level in the R/3 system hierarchy.
2. The Fiscal Year is defined as a variant. 9. One of the disadvantages to use variants is that it can't deal with the maintenance of properties.4. c) [ ] 7. 11. e) [ ] all of them.3.2. e) [ ] 11. b) [ ] It is a variant which you can define different number of periods. The currency code identifies each currrency that will be used into R/3 system.3. populate it with values and assign it to the R/3 objects.2.3 and 11. which are common among several business objects.3.Students Forum .4.1 and 8. 11.1 and 7. which is assigned to the chart of accounts.1.3 and 11.. 12. etc. You have to define all the worldÂ’s currency into R/3 system 10.2.T. Special periods are used for postings. In total.2 and 8.1.2. d) [ ] 8.asp?offset=1 special properties to one or more R/3 objects. such as valuation.2. A fiscal year has to be defined by means of separating business transactions into different periods. translation. A base currency can be assigned to an exchange rate type. planning. b) [ ] 11.com/forum/sap-fico-details-91222. and the postings periods always start and end at the same day of the year. 10.2. The relations between currencies have to be maintained per exchange rate type and currency pair in the translation factors.1 and 8. What is the correct option? a) [ ] 12.2. b) [ ] 12.1. two very efficient combinations of the exchange rate tools are using a base currency for the average rate (M) and using the exchange rate spreads to calculate the buying and selling rates (B and G). 11. This principle is used for Fiscal Years. 11.2. Posting Periods and so on.Chartered Accountants India.1.4.4. The Fiscal Year variant only defines the amount of periods and their start and finish dates. The currency value is expressed in units of the foreign currency per unit of local currency. b) [ ] 10.2.3. c) [ ] 10. conversion. which are related to the process of the year-end closing. a buying or a selling rate.. 11. To deal with exchange rate spreads.4.3. 11. 4 of 6 26-09-2010 01:09 . 11.2 and 11. What is an independent fiscal year variant (Please choose the correct sentence)? a) [ ] It is a variant which the postings periods are only equal to the months of the year. Which of them are true? a) [ ] 8.1. Which of them is false? a) [ ] 7.3 and 11. e) [ ] It is a variant not normally used because of its particularity.3. For direct quotation. It is also known as price notation. Please select the sentences you think they are correct)? a) [ ] 10. Which of them is true (Note: we can have more than one correct sentence. d) [ ] It is a variant which allows the use of different number of posting periods.1. you must define the variant. d) [ ] none of them. Exchange rate types distinguishes the exchange rates to be considered for various purposes.1.2 and 11. 7. 11. Consider the following statements about currencies concepts: 10. d) [ ] 11.3. b) [ ] 7. e) [ ] 7. Consider the following sentences: 8. the prefix to indicate the rate is Â“/Â”. 7. Consider the following sentences about the direct quotation: 12.3 and 8. Which of these combinations is true? a) [ ] 11.1. 12. 7.caclubindia.1 and 7. b) [ ] 8. 11. 22.214.171.124. d) [ ] 7. according to the year.SAP FICO DETAILS .1. 10. 8.4. c) [ ] It is a variant which each own fiscal year uses the same number of periods.3.4.4. 8.4. http://www. e) [ ] 8. c) [ ] 8. c) [ ] 11. 12. 11. For using the variant principle. 16 special periods can be used.2.2 and 8. Consider the following sentences: 11.3. 8. A base currency can be used for an average.3.3.
you have to type again the information related to chart of accounts segment.3. e) [ ] Asset. 14. c) [ ] Vendor. 13. 17. Please select the sentences you think they are correct)? a) [ ] Descripttion. d) [ ] 16.5. Whenever you need to enter information for a company code for an account number.2. d) [ ] Length of the G/L account number. 126.96.36.199.asp?offset=1 c) [ ] 12.4. must be changed/display for 18. Please select the sentences you think they are correct)? a) [ ] 16. b) [ ] none of them. a) [ ] True b) [ ] False 17.1.4. must be changed/display for 18. 19.2.1. Account number and the field status group.SAP FICO DETAILS . a) [ ] True b) [ ] False 17.1. it is necessary to indicate whether the account will be a balance sheet or a profit+loss statement account. Fields which _____________ can be made ____________.Students Forum .2. 5 of 6 26-09-2010 01:09 . c) [ ] 12.3. a) [ ] True b) [ ] False 17. Consider the following sentences about field status: 19. 16.4. Please select the sentences you think they are correct)? a) [ ] Chart of Accounts. Fields which have an entry that ________________ can be set to _________ only (even in change mode). must be changed/display for 18.2. b) [ ] not used/supressed for 18. The currency value is expressed in the local currency per unit of foreign currency.caclubindia. Key words facilitate the search for account numbers.2.2. e) [ ] used/optional for 18. It contains the Company Code. c) [ ] 16. 13.. Number intervals for G/L account master records can overlap. Consider the following sentences about the indirect quotation: 13. can be set to _________ entry. Consider the following sentences about the chart of accounts segment: 16. a) [ ] True b) [ ] False 17. there is no prefix to difference between direct quotation. For indirect quotation.3.3.2. Fields that can be entered. d) [ ] none of them.com/forum/sap-fico-details-91222. It is not possible to influence the appearance of an account’s master data.2. http://www. 16. e) [ ] all of them. should not be changed/supressed for 18. d) [ ] 12. Consider the following sentences about field status: 18. Every company code that needs to use an account from the assigned chart of accounts has to create its own company code segment.2.1. It is also known as volume notation. Fields which are _____________ can be ____________.2. 13. the balance is carried forward to the same account. c) [ ] not used/optional for 18.T. Which of the options below matches the blank spaces of those sentences? a) [ ] used/supressed for 18. b) [ ] G/L Accounts.1. In the chart of accounts segment. 19. d) [ ] Customer. True or false? 17. Texts can be displayed using the program Â“Account assignment manualÂ”(RFSKTH00). What can we define into the chart of accounts customizing transaction (OB13 transaction. b) [ ] Maintenance language. should not be changed /display for 18.1. e) [ ] none of them.1. 18. 16. e) [ ] Blocking / unblocking chart of accounts. b) [ ] 16. Note: we can have more than one correct sentence. c) [ ] Length of the company code. What is the correct option? a) [ ] all of them.1.Chartered Accountants India. d) [ ] not used/supressed for 18.3. For P+L statement accounts. but are not required.2..3. a) [ ] True b) [ ] False 18. 15. Which of these combinations are false (Note: we can have more than one correct sentence.2. e) [ ] 12.1. What of these alternatives are considered master data (Note: we can have more than one correct sentence.