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1. What is FICO?
This is the original module of SAP and its most popular. SAP
started out as an accounting package, then expanded into other
business functions. FICO consists of two major modules –
nancial (FI) and controlling (CO). As with all accounting
packages, you can create a FICO for more than one company.
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14. What are the options in SAP when it comes to Fiscal years?
Fiscal year is nothing but the way nancial data is stored in the
system.
SAP provides you with the combination of 12 normal periods and
also four special periods. These periods are stored in what is
called the scal
year variant.
There are two types of Fiscal Year Variant
•?Calendar Year – e.g. Jan-Dec
•?Year Dependent Fiscal Year .
29. For the year 2006 January ends on 30th, Feb ends on 26th,
March
ends on 30th. This is applicable to many countries especially
USA. Ever year this scal year variant needs to be con gured in
such a case
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user does the transactions. There are three options for eld
selection. They are:
Display only
Suppressed
Mandatory
So basically you can have any eld either for display only or you
can totally suppress it or make it mandatory.
The eld status group is stored in the FI GL Master Record.
25. How are input and output taxes taken care of in SAP?
A tax procedure is de ned for each country and tax codes are
de ned within this. There is exibility to either expense out the
Tax amounts or Capitalize the same to Stocks.
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1/19/2018 50 top SAP FICO Interview Questions with answers for freshers and experienced - REAL TIME Interview Questions PDF Free download
29. What are the di erent scenarios under which a Business Area
or a Pro t Center may be de ned?
This question is usually very disputable. But both Business Areas
and Pro t centers are created for internal reporting. Each has its
own pros and cons but many companies nowadays go for Pro t
center as there is a feeling that business area enhancements
would not be supported by SAP in future versions.
There are typical month end procedures which need to be
executed for both of them and many times reconciliation might
become a big issue. A typical challenge in both of them is in
cases where you do not know the Business Area or Pro t Center
of the transaction at the time of posting.
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36. How many numbers of line items in one single entry you can
have?
The number of line items in one document you can
accommodate is 999 lines.
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45. How do you con gure the SAPscript form nancial statement
version?
It is possible to generate a form from the nancial statement
version and print the nancial statements on a SAPscript form. In
the customizing for
nancial statement version select the FSV you created and
choose Goto
??Generate form ??One column or Two column form.
You can also copy form from the standard system.
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1/19/2018 50 top SAP FICO Interview Questions with answers for freshers and experienced - REAL TIME Interview Questions PDF Free download
48. How do you keep the FI posting period open only for certain
GL codes?
In transaction code OB52 click on new entries and maintain an
interval or a single GL code for the account type S with the
posting period variant. If the GL codes are not in sequence then
you need to maintain further entries for the posting period
variant and account type S.
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