5/27/24, 1:19 PM SAP FICO Online Quiz

SAP FICO Online Quiz

Following quiz provides Multiple Choice Questions (MCQs) related to SAP FICO. You
will have to read all the given answers and click over the correct answer. If you are
not sure about the answer then you can check the answer using Show Answer
button. You can use Next Quiz button to check new set of questions in the quiz.

Q 1 - Which of the following statement is correct about G/L accounts?

A - It contains all the transaction details of a company. It acts as primary

record to maintain all accounting details.

B - It includes the detail of amount that is paid by customer and the amount
that is paid by company to the vendors.

C - It deals with all the fixed asset of the company and provides all the
transaction details about fixed assets.

D - It is used to manage all the travel expenses of a company. It involves all

the travels request, their planning and expenses involved in all requested
trips.

Answer : A

Explanation
A General Ledger contains all the transaction details of a company. It acts as
primary record to maintain all accounting details. Common general ledger

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entries are customer transactions, purchases from vendors, and internal

company transactions.

Q 2 - You can use fast entry screens in SAP FI to enter?

A - Customer and Vendor line items

B - G/L customer and vendor line items

C - Invoice Receipt against GR

D - G/L line items

Answer : D

Q 3 - To post transactions to an account in any currency, account

currency should?

A - Account currency is same as local currency of company code

B - Account currency is different from company code currency

C - When you don’t maintain account currency

D - All of the above

Answer : A

Q 4 - Which of the following can be maintained in GL account and

defines the fields while posting to the GL account?

A - Field Status Variant

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B - Field Status Group

C - Posting Periods

D - None of these

Answer : B

Explanation
Field status variant will have filed status groups. Filed status group is
maintained in GL account and It defines the field’s while posting to the GL.

Q 5 - What is the document type key to show a customer payment

business transaction?

A - AA

B - AN

C - DZ

D - KA

E - DR

Answer : C

Explanation
Common Document types Key are −

Document Type Document Type Description

AA Asset Posting

AN Net Asset Posting

DR Customer Invoice

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DZ Customer Payment

KA Vendor Document

KG Vendor Credit Memo

Q 6 - To manage quality defects and incorrect deliveries, which of the

following can be used?

A - Document Reversal

B - Sales Return

C - Sales Invoice

D - Posting invoices

Answer : B

Explanation
Sales Returns in SAP FI is used to manage full products that the customer
has returned due to a complaint. These are used in consumer good industry.
All returns are related to quality defects and not incorrect deliveries. The
path that the returned merchandise takes often has to be tracked in detail.
Returned item has to be sent for inspection.

Q 7 - While creating a vendor for a company code, which of the

following field is used to determine payment details - immediately, after
7 days?

A - Recon account

B - Company code

C - Sort key

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D - Payt terms

Answer : D

Q 8 - In SAP FI, you can post a vendor invoice in foreign currency so you
can do currency analysis. If you post in FI, you can directly post back
date invoices?

A - True

B - False

Answer : A

Q 9 - Which of the following is not a category under Automatic Payment

program?

A - Setup all company codes

B - Setup paying company codes

C - Payment method per country

D - Payment method per country code

E - All company codes from different countries

Answer : E

Explanation
Automatic Payment Program serves the purpose of posting accounts payable
like payment to a vendor based on vendor invoices automatically, shortly

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termed as APP.
It is used to find out due/overdue invoices and to process list of customer
and vendor invoices to make payments in one go. APP can’t be used for all
company codes from different countries.

Q 10 - In Asset explorer, which of the following component is used to

navigate between different depreciation areas?

A - Header

B - Overview tree

C - Tab

D - All of the above

Answer : B

Explanation
Header − in which you enter the company code and asset number.
Overview tree − with which you can navigate between different
depreciation areas. Overview tree that displays objects related to the asset
Tab − in which you analyze plan values and posted values using different
parameters, and compare fiscal years and depreciation areas

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