SAP FICO MCQ Quiz

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