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How do I prepare for SAP FICO interview?

How do I prepare for SAP FICO interview?

Top 50 SAP FICO Interview Questions & Answers in 2022

  1. 1) Explain the term SAP FICO?
  2. 2) What are the other modules to which ‘Financial Accounting’ is integrated?
  3. 3) In SAP FI what are the organizational elements?
  4. 4) Explain what is posting key and what does it control?
  5. 5) What is the company code in SAP?

What are the questions asked in interview of Accenture?

4. Does Accenture ask coding questions? Yes, the candidates will be asked coding questions in technical interviews. In this particular round, the candidates have to face questions based on programming concepts of different technologies like C, C++, Java, etc.

What are the important topics in SAP FICO?

SAP FICO Interview Questions

  • Fixed asset.
  • Accrual.
  • Cash journal.
  • Accounts receivable and payable.
  • Inventory.
  • Tax accounting.
  • General ledger.
  • Fast close functions.

What is full form of SAP FICO?

SAP FICO (SAP Finance and SAP Controlling)

What is company code in SAP FICO?

The company code is the central organizational unit of external accounting within the SAP System. You must define at least one company code before implementing the Financial Accounting component. The business transactions relevant for Financial Accounting are entered, saved, and evaluated at company code level.

Why should I hire you Accenture?

Very first reason to join this company is the BRAND NAME ‘ACCENTURE’ and I will get the chance to work with the team of experts which would help me in future to gain the knowledge. I am looking for better opertiunity in my work and a good chance in my career.

What is fiscal year in SAP?

Fiscal Year is nothing but the accounting period which normally spreads over 12 months. The financial statements are drawn for a fiscal year in SAP. In SAP Fiscal year is defined as Fiscal Year Variant. In SAP Fiscal year can be defined as year independent and year dependent.

What is SAP Fico and how does it work?

It is the software that stores data, and also computes them and retrieves the result based on the current marketing scenario. SAP FICO prevents data lost and also does the verification and reporting of data.

How to assign different fiscal year variants in SAP S4 Hana finance?

In SAP ERP (ECC) you can assign two different FYV to the company code and controlling area. For example, you can assign K4 (Jan-Dec) to the Company code and V3 (April-March) to the controlling Area. However, in S4 HANA Finance, you need to assign the same Fiscal Year Variant to both, company code and the Controlling Area.

How to determine the transaction type in SAP?

In order to determine the transaction type which is entered in the line item, a two digit numerical is used known as ‘Posting Key’ b) Types of posting. Debit or Credit c) Field status of transaction 5) What is the company code in SAP?