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Questions and Answers
Which of the following is a valid combination of vendors and G/L accounts?
What is the maximum number of dunning levels that can be defined in a dunning procedure?
Which of the following factors determines the appearance of an account master data?
What are the components of a SAP business object?
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The retained earnings account is specific to which of the following?
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Which of the following can you use fast entry screens in SAP FI to enter?
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Which company codes will be included when selecting the option 'all company codes in the client'?
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What is the default name of the Consolidation Route for a three-system landscape containing QMS, DMS, and PMS systems?
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What is the full form of SSCR?
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What is the term used for copying one package name to another package name?
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Which of the following is not a category under the Automatic Payment program?
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What will the system calculate when the baseline date, cash discount periods, and cash discount percentage rate are mentioned in the payment terms?
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Which component in the SAP system first handles web requests sent by a user via a browser?
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Which types of accounts can you perform check management on for outgoing payments?
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What is the purpose of the SAP FICO MCQ quiz?
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Which of the following is NOT a benefit of practicing the SAP FICO MCQ questions?
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What is the recommended approach for candidates when attempting the SAP FICO MCQ quiz?
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Which type of quiz is the SAP FICO MCQ quiz considered to be?
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Study Notes
Vendors and G/L Accounts
- Vendors and customers are related in SAP
- Account master data appearance is not based on field status, account number, or chart of account
- Maximum dunning levels that can be defined in a dunning procedure are nine
SAP Business Objects
- An SAP business object consists of attributes and methods
Retained Earnings Account
- Retained earnings account is specific to the chart of accounts
Fast Entry Screens in SAP FI
- Fast entry screens in SAP FI can be used to enter G/L line items
Vendor and Customer Master
- One account group can have either an external or internal numbering system
- Various account groups can have the same number range
Fiscal Year
- A fiscal year can be both year-dependent and year-independent
Business Area
- A business area, once defined, is available for use to all company codes in the client
Consolidation Route
- The default name of a consolidation route for a three-system landscape containing QMS, DMS, and PMS systems is ZDMS
SSCR
- SSCR stands for SAP Software Change Registration
Copying Packages
- Copying one package name to another package name is called relocation
Automatic Payment Program
- Payment method per country code, payment method per country, and setup paying company codes are categories under the Automatic Payment program
- All company codes from different countries is not a category under the Automatic Payment program
Payment Terms
- By mentioning the baseline date, cash discount periods, and cash discount percentage rate in payment terms, the system will calculate the due date of the invoice and cash discount
G/L Account
- A G/L account becomes a complete G/L account when it is assigned to a company code
SAP System
- When a user sends a request to an SAP system via a browser, web requests are first handled by ICM
- Check management with relation to outgoing payments is possible for open items for vendors, customers, and G/L accounts
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Description
Enhance your SAP FICO skills with this online multiple-choice question quiz. Practice and improve your knowledge by answering important SAP FICO MCQ questions. Stay updated with the latest general questions related to SAP FICO.
