Top 10 SAP FICO Interview Questions and Answers 2024

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

• SAP FICO stands for Financial Accounting and Controlling.

• It helps in managing financial transactions, generating financial statements, and analyzing financial data.

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

• It integrates with other SAP modules like Sales and Distribution, Material Management, and Production ...read more

SAP FICO refers to Finance (FI) and Controlling (CO) modules in SAP ERP system.

• SAP FICO is used for financial accounting and management accounting in organizations.

• FI module deals with financial transactions, while CO module focuses on planning, reporting, and monitoring costs.

• Integration between FI and CO modules allows for seamless financial management.

• SAP FICO helps in generating financial statements, managing cash flow, and analyzing financial performance.

• Example: Creatin...read more

Year shift in SAP FICO refers to changing the fiscal year variant in the system to align with the company's financial reporting requirements.

• Year shift allows for adjusting the start and end dates of the fiscal year in SAP FICO.

• It is important for ensuring accurate financial reporting and compliance with regulations.

• Example: Changing the fiscal year variant from Jan-Dec to Apr-Mar to align with the company's business cycle.

SAP FICO is a module in SAP ERP that deals with financial accounting and controlling. Material cost can be fetched from it using various reports and transactions.

• SAP FICO is a module in SAP ERP that integrates financial accounting and controlling processes.

• Material cost can be fetched from SAP FICO by running reports such as Cost Center Accounting, Profit Center Accounting, and Material Ledger.

• Transactions like CKM3 (Display Material Price Analysis) can also be used to fetch ...read more

SAP FICO offers comprehensive financial management solutions with integration capabilities.

• SAP FICO provides real-time financial data for better decision-making

• It integrates with other SAP modules for seamless business processes

• Offers advanced reporting and analytics tools for financial analysis

• Ensures compliance with regulatory requirements

• Supports multi-currency and multi-language capabilities

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, and internal orders.

• It is widely used in industries like ban...read more

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

• SAP FICO stands for Financial Accounting (FI) and Controlling (CO)

• It helps in managing financial transactions, financial reporting, and cost controlling

• FI module deals with accounts payable, accounts receivable, general ledger, and asset accounting

• CO module focuses on internal reporting, cost center accounting, profitability analysis, and budgeting

• Integration of FI and CO modules provides a c...read more

SAP FICO is a central component of the SAP ERP solution for financial management, including managing financial data and generating balance sheets.

• SAP FICO stands for SAP Financial Accounting and Controlling.

• It helps companies manage financial data, track financial transactions, and generate financial reports.

• SAP FICO integrates with other modules like Sales and Distribution (SD) and Materials Management (MM) for a comprehensive view of business operations.

• It allows for real-t...read more