Mobolution India Private Limited SAP Fico Consultant Interview Questions and Answers

A chart of accounts is a list of all the accounts used by an organization to record financial transactions.

• It provides a systematic way to categorize and track financial transactions.

• Each account in the chart of accounts represents a specific type of asset, liability, equity, revenue, or expense.

• It helps in organizing financial data and generating accurate financial statements.

• The chart of accounts can be customized to...read more

Chart of Accounts is a list of all the accounts used by an organization to define its financial structure.

• It is a structured list of all the general ledger accounts used by a company.

• Each account is assigned a unique number for identification.

• Accounts are categorized into assets, liabilities, equity, revenue, and expenses.

• It helps in organizing financial transactions and generating financial statements.

• Example: Account

In 5 years, I see myself as a senior SAP FICO Consultant leading projects and mentoring junior consultants.

• Leading SAP FICO implementation projects

• Mentoring junior consultants in SAP FICO best practices

• Continuing to expand my knowledge and expertise in SAP FICO

• Possibly pursuing advanced certifications in SAP FICO