SAP FI-CO (Financial Accounting & Controlling) Interview Questions
Questions Answers Views Company eMail

What is sap fico?

621

What are the steps involved before you run a cost estimate for a split valuated material?

1 1122

Explain the use of financial general ledger accounting (fi-gl)?

535

How do you define a new company code?

604

How the system identifies a ‘posting period’?

605

What is a sort key and what is it used for?

648

How do you maintain the number range in production environment? Do you directly create it in the production box or do you do it by means of transport?

588

Explain the importance of asset classes in the sap software?

607

How is cost center accounting related to profit center?

522

What is the special purpose ledger and what would be some reasons for using it?

572

What is the number of configured currencies per company code?

544

What are substitutions and validations?

582

When defining a new ledger in the special purpose ledger, how can you retrospectively populate fi data for a previous fiscal year?

604

What is a cost element group?

1 1609

When a standard cost estimate is run for a finished good does sap calculate cost estimate for its components such as raw and packing material?

645


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Un-Answered Questions { SAP FI-CO (Financial Accounting & Controlling) }

General Ledger Process flow

3721


What are the benefits of a data quality solution?

567


Give me an Example for functional specifications in sap fico

2532


How do you keep the fi posting period open only for certain gl codes?

600


If Document posted in one fiscal year can it posted in Next Fiscal year?

566






What is a purchase requisition (pr)? : fi- accounts payable

651


Differentiate between the parking and the holding of documents? : fi- general ledger

591


Differentiate between account assignment model, recurring entries, and sample document. : fi- general ledger accounting

612


How does the system calculate depreciation? : fi- asset accounting

625


What is the difference between asset accounting and asset class?

996


what is difference between primary distribution and secondry distribution of cost in a cost centre

2237


What are the problems faced when a business area is configured?

898


What is cost center group? : cost center accounting

709


Differentiate free offsetting entry from a statistical posting? : fi- accounts payable

639


Explain the importance of the gr/ir clearing account?

676