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.

Questions and Answers

Q 1 - In SAP FICO system, which of the following is not a components under Finance Accouting?

A - General Ledger

B - AR/AP

C - Fixed Assets

D - Cost Center

Answer : D

Explanation

Finance Accouting

Q 2 - Which of the following is used to differentiate transactions that comes from different line of business in a company?

A - Business Area

B - Credit Control

C - Functional Area

D - General Ledger

Answer : A

Q 3 - Which of the following Transaction code can be used to create a new G/L account?

A - FS00

B - OB53

C - OBD4

D - OB13

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

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 fields 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
DZ Customer Payment
KA Vendor Document
KG Vendor Credit Memo

Q 6 - While archiving customer master records that you no longer need, which of the following deletion flag you can set?

A - All Area

B - Selected Company code

C - Selected Sales area

D - B and C

E - All of the above

Answer : E

Q 7 - Which of the following can be used to display account balances of several related accounts?

A - Account Groups

B - Sort Key

C - Work Lists

D - Reports

Answer : C

Q 8 - Which of the following t-code can be used to post incoming payment?

A - F18

B - F28

C - F38

D - F11

Answer : B

Q 9 - While defining Exchange rates, In direct quotation, you give base currency to foreign currency as 1/65 USD = 1 INR?

A - True

B - False

Answer : B

Explanation

Exchange rates can be entered as direct or indirect quotations. In direct quotation, we give multiple of base currency to foreign currency.

Example − 1 USD = 65 * 1 INR

For indirect quotation, it will be 1/65 USD = 1 INR.

Answer : C

sap_fico_questions_answers.htm
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