TCS iON SAP Fico Consultant Interview Questions and Answers

SAP is an enterprise resource planning software that helps businesses manage various aspects of their operations.

• SAP stands for Systems, Applications, and Products in Data Processing.

• It is a software suite that integrates different modules to support various business functions.

• SAP FICO (Financial Accounting and Controlling) is a module within SAP that focuses on financial management and accounting processes.

• SAP provide...read more

General accounting refers to the process of recording, summarizing, and reporting financial transactions of an organization.

• General accounting involves recording all financial transactions of a company, such as sales, purchases, expenses, and payments.

• It includes the preparation of financial statements, such as the balance sheet, income statement, and cash flow statement.

• General accounting ensures compliance with accou...read more

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

• Chart of accounts is a structured list of general ledger accounts.

• It provides a framework for organizing financial transactions and generating financial statements.

• Each account in the chart of accounts represents a unique category of transactions.

• Accounts are classified into different groups such as assets, liabilit...read more

SAP stands for Systems, Applications, and Products in Data Processing.

• SAP is a software company that provides enterprise resource planning (ERP) solutions.

• SAP software is used by businesses to manage their operations and finances.

• SAP has various modules such as FICO, MM, SD, HR, etc. that cater to different business needs.

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

• SAP is widely used in in...read more