Introductions
SAP FICO Interview questions below are some SAP FICO Interview Questions & Answers for Experienced & Freshers, you are at right place. There are a lot of possibilities for many reputed organizations in the world. Vintage IT Solutions offers advanced SAP FICO Interview Questions 2018 that helps you in cracking your interview & acquire dream career as SAP FICO Developer.
Q. What Is The Distinction Between Company Code And Company?
A. The Company Code is the smallest organizational unit for which a complete self-contained set of accounts can be drawn up for purposes of external reporting. A company is an organizational unit used in the legal consolidation module to roll up financial statements of several company codes.
Q. What Are Substitutions And Validations? What Is The Precedent?
A- Validations are used to check settings and return a message if the prerequisite check condition is met. Substitutions are similar to validations; they truly replace and fill in field values behind the scenes without the user’s knowledge, unlike validations that create on-screen msgs to the user.
Q. What Is A Controlling Area?
A- The Controlling Area is the central organizational unit within the CO module. It is representative of a contained Cost Accounting envt where costs and incomes can be managed.
Q. Define Relationship Between Controlling Area And Company Code?
A. A controlling area may involve one or more company codes which require use the same operative chart of accounts as the controlling area. A Controlling Area can contain multiple company code duties but a single company code can be allocated to only one controlling area.
Q. What Is A Fiscal Year Variant?
A- Fiscal Year is a period of 12 months and SAP provides 4 special periods to posting adjustment Entries. Fiscal year manages posting periods. Posting periods are used to allow business transactions. The fiscal year may be year dependent or year independent.
Q. What Are Special Periods Used For?
A- The Special periods in a fiscal year exception can be used for things like posting audit or tax adjustments to a closed fiscal year.
Q. What Do You Mean By Year Dependent In Fiscal Year Variants?
A. 1. Year Dependent: the financial year is the same as the calendar year. Beginning from 1st Jan to 31st Dec (where posting periods and the calendar months are equal).
2. Year Independent: the financial year is different from the calendar year Starting from 1st April to 31st March (where the posting period months are not equal to the calendar year months).
Q. What Are Shortened Fiscal Year? When Are They Used?
A- Shortened Fiscal Year: a financial year, which has less than 12 periods.
Q. What is Posting Periods?
A. The Posting period variant keys which posting periods, both normal and special, are open for each company code. It is probable to have a different posting period variant for each company code in the organization. The posting period is independent of the fiscal year variant.
Q. What Are Document Types And What Are They Used For?
A- Document type is the identifier of different account transactions like SA for G/L, AA for Asset Accounting etc. The doc. Types control things like the type of account that can be posted to, the number range assigned to it, and required doc header fields.
Key Features of SAP Online Training
- In-depth knowledge of SAP Every Module
- Instructor-Led online training sessions
- The real-time and practical training approach
- 24/7 Server Access support
- Experienced and Certified SAP professionals as trainers
- Lifetime access to the recorded videos
- Industry-based syllabus
SAPVITS is one among the best SAP Online Training organizations in India, USA, UK, and Malaysia. We center on giving Online SAP Training that is in accordance with the present business situation. With our prudently planned courses, we prepare you to climb the company pecking order and exceed expectations of your export objectives. SAPVITS will offer this SAP FICO course with Online Training in light of your adaptable timings. We give SAP FICO Training Material, Free Demos, Server get to the office. Visit our foundation for subtle elements and charges.