SAP Fico Functional Consultant Interview Questions and Answers

FICO is a module in SAP that deals with financial accounting and controlling. Document splitting is a feature that allows for the separation of financial transactions.

• FICO is an acronym for Financial Accounting and Controlling.

• It is a module in SAP that deals with financial management.

• Document splitting is a feature that allows for the separation of financial transactions.

• It is used to split a single transaction into multiple line items based on certain criteria.

• For example, ...read more

OTC process stands for Order to Cash process, which involves all the steps from receiving an order to receiving payment.

• OTC process starts with receiving an order from a customer.

• It involves order processing, fulfillment, shipping, and invoicing.

• The final step is receiving payment from the customer.

• It is a key process in ensuring customer satisfaction and revenue generation.

• Example: A customer places an order online, the order is processed, the product is shipped, and the cus...read more