How to Win SAP FICO Job Interviews-Interview Questions and Answers
Fico interview questions set 9
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ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTING FI PAPER: 9 TRUE/FALSE 1. G/L master record is always for all company codes in the system 2. currency is a required field entry while creating G/L master 3. we cannot control the postings to the G/L by way of tax codes entry for a G/L account 4. tax codes are created and operated at country level 5. tax codes are created at company code level 6. tax codes are time dependant 7. jurisdiction codes are not used at all while creating tax codes 8. in AP and AR, account group cannot be created with external number ange 9. reconciliation account definitions are available in general data of vendor master 10. reconciliation account definitions are available in payment data of general data in customer master 11. payment terms are company code dependent 12. it is not possible to calculate the due date on fixed dates like end of month with days calculation 13. SAP cannot automate the payment method entry into the vendor invoice entry screen 14. all special G/L transactions are posted to G/L accounts 15. it is possible to get the report of customers created by a user in a company code 16. clearing does not create any document 17. payment cannot be made by adjusting a special G/L transaction which is posted in G/L 18. partial payment creates another entry without any link to the original entry 19. down payment creates another entry without any link to the original entry 20. residual payment creates another entry keeping all entries open 21. it is not possible to use two check series for making payment 22. it is not possible to void unused checks 23. reversal of voided checks is a standard functionality of SAP 24. it is not possible to show the checks with a value range and issued by a user 25. it is not possible to create a due date for a down payment 26. SAP does not allow bill of exchange accounting 27. payment request clears the entries in AP and AR 28. posting key is linked to field status in FI posting 29. payment to anybody by passing a G/L entry without AP/AR is a standard functionality of SAP 30. we cannot create manual checks for payment to business partners and update in the system 31. bank statement entry into the SAP does the automatic clearing 32. through bank statement entry, we can enter the entries like bank debits for bank charges, commission, etc. which will make a direct posting into the G/L 33. chart of accounts view of G/L account keeps the data like general data in customer account – common data 34. whenever an FI entry is made, we want document header text to be a mandatory entry. Customizing is available in G/L master and field status groups 35. it is not possible to see document currency and company code currency at the same time during document display option 36. document date, posting date, value date, base line date, system date and due date in the entry screen of customer/vendor invoice are the same 1
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Transcript of Fico interview questions set 9
ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTING
FI PAPER: 9
TRUE/FALSE1. G/L master record is always for all company codes in the system2. currency is a required field entry while creating G/L master3. we cannot control the postings to the G/L by way of tax codes entry for a G/L
account4. tax codes are created and operated at country level5. tax codes are created at company code level6. tax codes are time dependant7. jurisdiction codes are not used at all while creating tax codes8. in AP and AR, account group cannot be created with external number ange9. reconciliation account definitions are available in general data of vendor
master10. reconciliation account definitions are available in payment data of general
data in customer master11. payment terms are company code dependent12. it is not possible to calculate the due date on fixed dates like end of month
with days calculation13. SAP cannot automate the payment method entry into the vendor invoice entry
screen14. all special G/L transactions are posted to G/L accounts15. it is possible to get the report of customers created by a user in a company
code16. clearing does not create any document 17. payment cannot be made by adjusting a special G/L transaction which is
posted in G/L18. partial payment creates another entry without any link to the original entry19. down payment creates another entry without any link to the original entry20. residual payment creates another entry keeping all entries open21. it is not possible to use two check series for making payment22. it is not possible to void unused checks23. reversal of voided checks is a standard functionality of SAP24. it is not possible to show the checks with a value range and issued by a user25. it is not possible to create a due date for a down payment26. SAP does not allow bill of exchange accounting27. payment request clears the entries in AP and AR28. posting key is linked to field status in FI posting29. payment to anybody by passing a G/L entry without AP/AR is a standard
functionality of SAP30. we cannot create manual checks for payment to business partners and update
in the system31. bank statement entry into the SAP does the automatic clearing32. through bank statement entry, we can enter the entries like bank debits for
bank charges, commission, etc. which will make a direct posting into the G/L33. chart of accounts view of G/L account keeps the data like general data in
customer account – common data34. whenever an FI entry is made, we want document header text to be a
mandatory entry. Customizing is available in G/L master and field status groups
35. it is not possible to see document currency and company code currency at the same time during document display option
36. document date, posting date, value date, base line date, system date and due date in the entry screen of customer/vendor invoice are the same
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ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTING
FI PAPER: 9
37. it is possible to define the standard translation method of foreign currency in the posting key
38. system allows you to enter the date interval – from and to- in case of foreign currency translation rates
39. it is user definition whether SAP will control the open item selection40. it is a real problem in SAP-in financial statement version we are not able to
find the G/L accounts which are not assigned41. MIS reports based on financial books like ratios can be done through financial
statement version42. all FI entries will be repeated in CO module also43. physical inventory is a MM/PP module transaction and hence no accounting
entry is passed in G/L but real stock is adjusted in MM/PP44. payment to vendor of a specific bill cannot be blocked in SAP45. customer makes multiple checks for one invoice, and hands it over to the
company which is running with SAP with all modules. It is not possible to enter in SAP by keeping all the check details and updating against one invoice
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ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTING
FI PAPER: 9
KEY
1. F2. T3. F4. T5. F6. T7. F8. F9. F10. F11. F12. F13. F14. T15. T16. F17. F18. T19. T20. F21. F22. F23. T24. F25. F26. F27. F28. T29. F30. F31. T32. T33. F34. F35. F36. F37. F38. F39. T40. F41. F42. F43. F44. F45. F
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