Sap fico interview question and answers in pdf

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sap fico interview question and answers in pdf

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SAP FICO Interview Questions and Answers

It is very important as it handles all the financial transactions data. FICO data can be used to decide on the risk involved in giving the credit to the user. The credit score will decide if the credit can be extended or not. Good hands on knowledge on these concepts will put you ahead in interview. Every where, we can find job opportunities for this position. Wisdomjobs has interview questions which are exclusively designed for employees to assist them in clearing interviews. Answer : ERP is a package with the techniques and concepts for the integrated management of business as a whole, for effective use of management resources, to improve the efficiency of an enterprise.

SAP FICO Interview Questions

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It is the software that stores data, and also computes them and retrieves the result based on the current marketing scenario. In order to determine the transaction type which is entered in the line item, a two digit numerical is used known as 'Posting Key' Posting key determines a Account Types b Types of posting. To generate financial statements like Profit and Loss statement, Balance sheets etc. You can have one Chart of Account for one company code which is assigned. There are three currencies that can be configured for a Company code, one is a local currency and two are the parallel currencies.

FICO (Financial Accounting & Controlling) Interview Questions

It is used to store the financial data of an organization. SAP FI helps to analyze the financial condition of a company in the market. SAP Financials accounting module enables you to manage financial accounting data within an international framework of multiple companies, currencies, and languages. A General Ledger contains all the transaction details of a company.

The main goal of this SAP fico interview questions are provide readers with a good knowledge base, to those new to SAP Finance Accounting and SAP controlling and to sharpen the skills to experienced consultants for job change. FICO module is the backbone of SAP which records, collects and process all the financial transactions of an organization on real time basis and provides the required details for internal and external reporting. What are the data will be copied to a new company code when you create a company code using copy as function? All the master data of company code will be copied to the new company code except transactional data.

What is the difference between company and company code? A company is the organizational unit used in the legal consolidation module to roll up financial statements of several company codes. The Company Code is the smallest organizational!

SAP FICO Interview Questions and Answers

Business operations need smooth management of data and implement control over data. To head the financial operations with the highest pay performance is the key factor. There is a parcel of chances from many presumed organizations on the planet. It is a crucial tool that helps in preparing the financial statements, tax statements, and accounting of an organization. It also serves a primary software to manage the data and generate the results on the basis of the current marketing trends. In short, it is a significant tool who wants to manage their day-to-day transactions.

Since through our expertise great interviewers simply intend to ask any critical question during your interview, commonly questions begin with some fundamental concept of the subject and next they proceed based on the distant analysis and Learn SAP FICO Online. Financial accounting and regulating are essential business fields, building a framework for every additional business enterprise. Tracing benefits, outgo and cash flow enable administration experts to give significant preparation choices concerning destiny. What Is Sap? What is Erp? Originally, ERP was targeted for construction manufacturers essentially for devising and executing core market similar to stock and financial business. Since the extension and benefits of ERP package ERP software are intended for a primary method of a corporation from manufacturing to tiny stores with the purpose of combining data over the organization.

There are lot of opportunities from many reputed companies in the world. It is not always necessary that everyone needs to use the FICO in the same manner. Therefore, it needs to be changed as per the requirement. Q3 Why the financial statements are important for any business? Well, it simply enables them to keep an eye on the purposes for which a specific amount was send including all its information. The users can simply keep a digital record of all the funds received or transferred to any other account. This enable them to prepare documents for the future on which some important plans and decision making strategies are based on.

Top 50 SAP FICO Interview Questions & Answers

SAP FICO Related Tutorials

SAP is divided into several posting period, in a typical fiscal year, with a definite start and end date and the same is defined specifically for each of these periods. Only when the posting periods are in place that's when in the system any document posting. Generally, there are 12 posting periods. Each posting period comprises of a month and a year. SAP permits the defining of a maximum of four more posting periods, which are referred to "Special Periods" , as these are utilized for year-end closing activities. All of this is made possible by dividing the last posting period into more than one, but a maximum of four, period.

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