CAD ZONE SAP Fico Consultant Interview Questions and Answers

General accounting refers to the process of recording, classifying, and summarizing financial transactions to produce financial statements.

• It involves recording financial transactions such as sales, purchases, and payments.

• Classifying transactions into appropriate accounts such as revenue, expenses, assets, and liabilities.

• Summarizing the transactions into financial statements such as balance sheet, income statement, a...read more

FICO stands for Financial Accounting and Controlling. It is a module in SAP ERP that deals with financial transactions and management.

• FICO is a module in SAP ERP

• It deals with financial accounting and controlling

• It helps in managing financial transactions

• It provides real-time financial data for decision making

• It includes sub-modules like General Ledger, Accounts Payable, Accounts Receivable, Asset Accounting, and Contro...read more

SAP FICO is a module in SAP ERP that deals with financial accounting and controlling.

• SAP FICO stands for Financial Accounting and Controlling.

• It is a module in SAP ERP that helps in managing financial transactions and reporting.

• It includes features like general ledger, accounts payable, accounts receivable, asset accounting, and more.

• SAP FICO also helps in budgeting, cost center accounting, profit center accounting, an...read more