SAP FICO Interview Questions and Answers_3 (Call @ +91 7416797921 for more details)
FICO (Financial Accounting & Controlling) Interview Questions
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. You can have one Chart of Account for one company code which is assigned. There are three currencies that can be configured for a Company code, one is a local currency and two are the parallel currencies. Fiscal year in SAP is the way financial data is stored in the system. In SAP, you have 12 periods and four special periods.
What is the difference between company and company code? A company is the organizational unit used in the legal consolidation module to roll up financial statements of several company codes. The Company Code is the smallest organizational! How many chart of accounts can be attached to a company code? One or more Operative Chart of Accounts can be assigned to a company code. A COA must be aasigned to a company code. One Chart of Account can be assigned to many Company codes i.