Associate Fico Consultant Interview Questions and Answers

To create a house bank in SAP FICO, follow these steps:

• Define the bank key in transaction code FI01

• Create a bank account in transaction code FI12

• Assign the bank account to the company code in transaction code FI12

• Assign the bank account to the house bank in transaction code FI12

• Define the house bank in transaction code FI12

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

• It is a structured list of accounts used by an organization

• It helps in organizing financial transactions

• It is unique to each organization

• It includes balance sheet and income statement accounts

• It is used to generate financial statements