SAP FICO Mock Test
This section presents you various set of Mock Tests related to SAP FICO. You can download these sample mock tests at your local machine and solve offline at your convenience. Every mock test is supplied with a mock test key to let you verify the final score and grade yourself.
SAP FICO Mock Test I
Q 1 - In which SAP client can be used to configure STMS?
Answer : B
Q 2 - In SAP FICO system, which of the following is not a components under Finance Accouting?
Answer : D
Explanation
Q 3 - Which of the following statement is correct about G/L accounts?
Answer : A
Explanation
A General Ledger contains all the transaction details of a company. It acts as primary record to maintain all accounting details. Common general ledger entries are customer transactions, purchases from vendors, and internal company transactions.
Q 4 - Which of the following statement is correct about Account Receivable and payables?
Answer : B
Explanation
This includes the detail of amount that is paid by customer and the amount that is paid by company to the vendors. In other words AP includes all the vendor transactions and AR includes all the customer transactions.
Q 5 - Which of the following is a smallest unit in an organization for which financial statements (profit-loss statement, etc.) can be generated?
Answer : B
Explanation
In SAP FI, a company can comprise of multiple codes, however it acts as a single unit for which financial statements are available. Company code is smallest unit in an organization for which financial statements (profit-loss statement, etc.) can be generated.
Q 6 - Which of the following is used to differentiate transactions that comes from different line of business in a company?
Answer : A
Q 7 - Which of the following represent the list of GL accounts that are used to meet daily needs and country’s legal requirement in a company?
Answer : B
Explanation
The FI chart of accounts represent the list of GL accounts that are used to meet daily needs and country’s legal requirement in a company. The master chart of accounts must be assigned to each company code.
Q 8 - You can use fast entry screens in SAP FI to enter?
A - Customer and Vendor line items
B - G/L customer and vendor line items
Answer : D
Q 9 - Which of the following can be used to carry forward P/L account balances?
A - Automatically using single retained earning accounts
B - Automatically using multiple retained earning accounts
C - Using period end processing via single retained earning account
D - Using period end processing via multiple retained earning account
Answer : D
Q 10 - Which of the following chart of accounts type contains all General Ledger accounts that are used to meet daily needs in a company?
Answer : C
Explanation
It contains all General Ledger accounts that are used to meet daily needs in a company. Operating chart of accounts has to be assigned to a company code.
Q 11 - To effectively manage and control large number of G/L accounts, you can use Chart of accounts group?
Answer : A
Q 12 - Which of the following Transaction code can be used to create a new G/L account?
Answer : A
Answer Sheet
Question Number | Answer Key |
---|---|
1 | B |
2 | D |
3 | A |
4 | B |
5 | B |
6 | A |
7 | B |
8 | D |
9 | D |
10 | C |
11 | A |
12 | A |