SAP FICO MCQ Quiz
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Questions and Answers

Which of the following is a valid combination of vendors and G/L accounts?

  • Vendors, customers, and G/L accounts
  • Vendors and G/L accounts
  • Vendors and customers (correct)
  • Customers and G/L accounts

    • What is the maximum number of dunning levels that can be defined in a dunning procedure?

  • None
  • 4
  • 6
  • 9 (correct)

    • Which of the following factors determines the appearance of an account master data?

  • Field status
  • Account number
  • Chart of account
  • None of the above (correct)

    • What are the components of a SAP business object?

    <p>Attributes and methods</p> Signup and view all the answers

    The retained earnings account is specific to which of the following?

    <p>The chart of accounts</p> Signup and view all the answers

    Which of the following can you use fast entry screens in SAP FI to enter?

    <p>G/L line items</p> Signup and view all the answers

    Which company codes will be included when selecting the option 'all company codes in the client'?

    <p>All company codes in the client</p> Signup and view all the answers

    What is the default name of the Consolidation Route for a three-system landscape containing QMS, DMS, and PMS systems?

    <p>ZDMS</p> Signup and view all the answers

    What is the full form of SSCR?

    <p>sap software change registration</p> Signup and view all the answers

    What is the term used for copying one package name to another package name?

    <p>relocation</p> Signup and view all the answers

    Which of the following is not a category under the Automatic Payment program?

    <p>All company codes from different countries</p> Signup and view all the answers

    What will the system calculate when the baseline date, cash discount periods, and cash discount percentage rate are mentioned in the payment terms?

    <p>due date of the invoice and cash discount</p> Signup and view all the answers

    Which component in the SAP system first handles web requests sent by a user via a browser?

    <p>icm</p> Signup and view all the answers

    Which types of accounts can you perform check management on for outgoing payments?

    <p>Vendors, customers, and G/L accounts</p> Signup and view all the answers

    What is the purpose of the SAP FICO MCQ quiz?

    <p>All of the above</p> Signup and view all the answers

    Which of the following is NOT a benefit of practicing the SAP FICO MCQ questions?

    <p>Reducing your understanding of SAP FICO concepts</p> Signup and view all the answers

    What is the recommended approach for candidates when attempting the SAP FICO MCQ quiz?

    <p>Rely on your own knowledge without checking the answers</p> Signup and view all the answers

    Which type of quiz is the SAP FICO MCQ quiz considered to be?

    <p>An online quiz</p> Signup and view all the answers

    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.

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