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Top 10 SAP FICO Interview Questions & Answers

Having a proper and accurate knowledge about the job for which you have<br>applied is mandatory. How will you be able to impress the interviewer if you do not know how<br>to do your job. They should be well informed and convinced that you know what you are<br>doing and what you are going to do. This is why we have put the top most essential<br>questions that should be on your notice before you go for an interview.

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Top 10 SAP FICO Interview Questions & Answers

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  1. Top 10 SAP FICO Interview Questions & Answers What career you will pursue depends on the qualifications and experience you hold. If you have always been connected management, then you are looking for a job in SAP FICO will be a convincing decision. to accountancy and If you are preparing for the SAP FICO interview, then there are several questions that can help you in the preparations and fill you with confidence. We will explain all the questions with answers so it will be comfortable for you. SAP FICO interview What are the eligibility criteria for SAP FICO jobs? Before you go for an interview for the SAP FICO jobs, you must enquire about the eligibility criteria you should fall into. Otherwise, you will not be considered for the role and be rejected without any further queries. The qualifications and other experiences are listed below: ● You should be a bachelorette in computer science, B.com, or any other course related to finance and management accounting. ● Should have a master's degree in MTech, MBA in computer science/business management, or information technology. ● If you have experience in any of the SAP FICO course or internships, then it will be the cherry on the cake. FICO interview questions: We are going to discuss all the sap fico fresher interview questions that will be helpful for you and make it easy to prepare for the interview and crack it. You just need to inspect all the questions carefully and enlighten yourself about everything that will be essential for the interview: 1. What do you mean by the term SAP FICO? While SAP is abbreviated for Systems, Applications, and Products, the FI in FICO is for financial accounting, and CO stands for control. SAP FI manages accounting, tax computation, and preparation of financial statements. On the other hand, SAP CO is for inner orders, cost sheets, inventory sheets, cost allocations, etc. 2. What are the other modules to which 'Financial Accounting' is integrated? There are other modules as well for financial accounting, and some of them are mentioned below:

  2. ● ● ● ● ● Material Management Production Planning Sales and Distribution Controlling financial transaction Human Resource 3. What is the major usage of SAP FICO? It is software that works to store the data. It helps to find the results according to the late marketing scenario and manage companies to handle the financial task. 4. What is the best way to manage transactions from different business lines within a company? You must create business areas for this or create company codes for each business line. So, the transactions will be managed from different business lines within a company. 5. What are the fiscal years in SAP FICO? It is an accounting period that can expand to 12 months. A drawn-in financial statement happens in the Fiscal Year. 6. What is the role of credit control? It is just a strategy used in business by the company to accelerate the sale of their products. By extending their services to all the potential customers and making it easy for them. 7. What is the function of the company code in SAP FICO? It is a small organizational unit of external accounting. It generates financial statements such as profit and loss statements, balance sheets, etc. 8. How many currencies can you configure for a Company Code? You have the option to configure three currencies for the company code, including one local currency and two parallel currencies. 9. What is the role of credit control? Credit control guards and prevent it from overstretching the financial assets. This process asks and reminds you to clear the account of the customer before they make a new purchase. 10. Which application areas use validation and substitutions? There are several applications that use validation and substitution, and all of them are listed below. Go through them and enlighten yourself: ● PS- Project system ● CS- Consolidation ● RE- Real estate

  3. ● ● ● ● ● GL- Special purpose ledger CO- Cost accounting AM- Asset accounting PC- Profit center accounting FI- Financial Accounting Conclusion: Having a proper and accurate knowledge about the job for which you have applied is mandatory. How will you be able to impress the interviewer if you do not know how to do your job. They should be well informed and convinced that you know what you are doing and what you are going to do. This is why we have put the top most essential questions that should be on your notice before you go for an interview. With your educational qualifications and experience, this will make your resume and presence worthwhile, and the interviewer might not be able to even think of refusing you. Go through the details carefully and make sure that you grab that job opportunity. Resource: https://www.reddit.com/user/davidsmith7932/comments/16nj05s/top_10_sap_fico_inte rview_question_answers/

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