9/10/2014 SAP ONLINE TRAINING: SAP FI Interview Questions & Answers

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Monday, 6 January 2014
SAP FI Interview Questions & Answers
SAP FI Interview Questions & Answers :-
1. The length of G/L account number should be mentioned in Chart of accounts.
2. The G/L account becomes a complete G/L account if we have added the company code segment to chart of account
segment.
3. If we are using the same chart of account in more than one company code the account name and account number is
the same in all company codes.
4. The appearance of the company code segment of a G/L account is based on account group entered in the chart of
account segment.
5. Creation of duplicate accounts in A/P can be prevented by using the match code before creating the new account &
switching on automatic duplication check.
6. By mentioning the base line date, cash discount periods, and cash discount percentage rate in payment terms, system
will calculate due date of the invoice and cash discount.
7. The specifications for permitted payment differences can be found in both types of tolerance groups. They control the
automatic posting of cash discount adjustments and unauthorized deductions.
Ans: True
8. All reconciliation accounts and all general ledger accounts with open item transactions in foreign currency must be
assigned to the revenue/expense accounts for realized losses and gains.
Ans: True
9. R/3 system contains
Ans: 1. Data base server 2. Application server 3. Presentation server only.
10. All data and programs are contained in Application server & Database server
11. SAP business object consists of attributes and methods
12. Maximum number of sessions a user can open when he logs on to SAP?
Ans: six
13. Fiscal year can be both year dependent and year independent.
14. Fiscal year which is a calendar year can have 12 normal periods.
15. Shortened fiscal year can have should have less than 12 periods.
16. Company code can have one local currency only.
17. Postings in a company code are done in G/L account of operative chart of accounts.
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Posted by Kumar SAP at 1/06/2014 08:26:00 pm
Documents fico, fico interview questions, fico interview questions & answers, G/L account, sap, sap fi, SAP FI Interview Questions, SAP FI
Interview Questions & Answers, sap fico
18. Retained earnings account is specific to chart of accounts.
19. Company can use both direct and indirect exchange rates - True
20. Business areas are used for reporting across company codes - True
21. Posting in a G/L account is controlled by field status group in the company code segment
22. Company code can have more than one retained earnings account - TrueChart of accounts can have more than one
retained earnings account - True
23. account group controls the master record field status - True
24. Which of the following are correct with respect to your G/L account house bank name
a. the g/l account house bank name shall be the same as in the bank directory - False
b. the g/l account house bank name need not be the same as the banks name in the bank directory - True
c. the g/l account house bank name is user-definable - True
d. the g/l account house bank name is defined at the chart of account level - True
e. the g/l account house bank name is modifiable at the company code segment of the chart of accounts - False
25. Your house bank number cannot be set to be defaulted from house bank key - True
26. The G/L account for a bank is linked to one house bank plus one account id
27. One bank account is mapped in SAP to Account id & House bank
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2 comments:
Anonymous 16 January 2014 14:34
Hi.. good post.. please post more sap fico interview questions..
Reply
jake george 27 August 2014 16:07
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