(PDF) 00 REAL TIME SAP FICO INTERVIEW QUESTIONS AND ANSWERS | mdanwar rahmani - donkeytime.orgTagged MCQs on. Ans: A,B. SAP business object consists of. Ans: C. Maximum number of sessions a user can open when he logs. Ans: D. Fiscal year can be.
FICO (Financial Accounting & Controlling) Interview Questions
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.
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. Typically, all the postings in these special periods should be counted in the last posting period.
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.
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SAP FICO Interview Questions And Answers
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? Answer: ERP is a package with the techniques and concepts for the integrated management of the business as a whole, for effective utilization of administration sources, to increase the performance of an activity. Originally, ERP was targeted for construction manufacturers essentially for devising and executing core market similar to stock and financial business.