Finance (FI)
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Everything about General Ledger Account
A General Ledger account number identifies the account code in a Chart of accounts and has to be defined for each Company Code before any postings can be made…
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What are Posting keys in SAP Finance
Posting keys are the two-character numerical key that controls the entry of line items. The posting key determines Account type, Debit/credit posting & Layout of entry screens. When we…
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Cost Center Group
Cost center group can be created using KSH1, changed with KSH2 and displayed with KSH3. We can collect cost centres according to various criteria into groups. This enables we…
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SAP FICO Certification Questions and Answers # 10
Answer in Yes(Y) or No(N) 1. Every company code can have the following combination of Chart of Accounts (COA) (Y) (N) One operating COA and one group COA and…
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SAP FICO Certification Questions and Answers # 9
Answers the following in True or False 1. G/L master record is always for all company codes in the system 2. currency is a required field entry while creating…
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SAP FICO Certification Questions and Answers # 8
1. Which of these statements on document principles are correct? a. R/3 can assign the document numbers always b. A business event triggers only one document within R/3 c.…
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SAP FICO Certification Questions and Answers # 7
Fill in the Blanks, for answers refer end of the post. 1. What are the three elements (servers) of R/3 system? 2. All the data and programs are stored…
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SAP FICO Certification Questions and Answers # 6
Certification Questions: Answer True or False 1. While parking a document, a temporary document number is created 2. When we cancel/delete the parked document, another number is created 3.…
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SAP FICO Certification Questions and Answers # 5
ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTING # 5 Please read the questions carefully. More than one choice could be correct in some questions. Specific hints have not been given. Please…
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SAP FICO Certification Questions and Answers # 4
1. Account groups are used to control the following properties a. field status of transaction fields b. field status of master fields c. field status of master fields and…
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SAP FICO Certification Questions and Answers # 3
1. Which of the statements on document principles are correct? a. each business event creates an accounting document in R/3 b. a business event might trigger more than one…
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SAP FICO Certification Questions and Answers # 2
Managerial and financial Accounting Q & A # 2 1. Every company code can have following combinations as chart of accounts (COA) a. one operating COA and many group…
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SAP FICO Certification Questions and Answers # 1
Managerial and financial Accounting Q & A # 1 1. The length of G/L account number should be mentioned in a. G/L account groups b. G/L account c. Chart…
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Information on FI-CA (Financials and Contract Accounts)
The term FI-CA stands for “Contract accounts receivable and payable.“ FI-CA contains the range of functions needed by different industries or projects for their accounts receivable and payable management.…
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Difference between MTS and MTO
MTO – Make to Order Make-to-order production with capacity checking enables vendors to trigger production of a requested product as soon as a sales order reaches the system. An…
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Comparison of FI and FI-CA
FI-CA: The business partner is not confined to a role on the debit side or on the credit side. This role can change in the course of time. For…
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Common SAP Finance(FI) Terms
Business Area An organizational unit that requires audited financial statements for external use. Often this corresponds to a separate operational or responsibility area in the organization at the highest…
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Accounts Receivable for Beginners
Customer master records contain data that control how business transactions are recorded and processed by the system. They also include all the information about a customer that you need…
