SAP FICO (Financial Accounting and Controlling)

The Financial Accounting (FI) application component fulfills all the international requirements that must be met by the financial accounting department of an organization.  All accounting-relevant transactions made in Logistics (LO) or Human Resources (HR) components are posted real-time to Financial Accounting by means of automatic account determination. This data can also be passed on to Controlling (CO).

This ensures that logistical goods movements (such as goods receipts and goods issues) are exactly reflected in the value-based updates in accounting.
 

Self-Review Q&A

• Business Partner
• S/4HANA Business Partners Via Fiori Apps
• Creation of Vendor Master

 
• Profit analysis and cost management

 
• Customer Payment Open Item Does Not Exist
• Payable Management
• Payment Terms Configuration
• Payment Processing

 
• Obsolete Transaction Codes for Vendor and Customer Masters

 
• Leading Ledger
• General Ledger Posting
• Type of Account
• Number of Posting Periods Allowed
• The Variant Principle

 
• Fiscal Year Default Values

 
• Company Code
• Plant as Valuation Area

 
• Currencies Available

 
• Document Splitting

 
• Input and Output Tax

 
• Profit Centers

 
• Central Finance

 
• The Universal Journal Table ACDOCA
• Universal Journal

• SAP FI/CO Certification Sample Questions and Answers
• SAP FI Tips For Passing Certification

• FI/CO Interview Questions
• SAF FI Technical Interview Questions 1
• SAF FI Technical Interview Questions 2
• SAP FICO Interview Questions
• SAP FI/CO Sample Questions and Answers 1
• SAP FI/CO Sample Questions and Answers 2
• FI Errors and Probable Solutions
• Accounts Receivable Questions
• Chart of Accounts And Organizational Structure Review Questions
• ERP Financial Accounting Self Knowledge Testing
• Financial Accounting Document Control Questions and Answers
• SAP FI Self-Test Questions and Answers #1
• SAP FI Self-Test Questions and Answers #2
• SAP FI Self-Test Questions and Answers #3
• SAP FI Self-Test Questions and Answers #4
• SAP FI Self-Test Questions and Answers #5
• SAP FI Self-Test Questions and Answers #6
• SAP FI Self-Test Questions and Answers #7
• SAP FI Self-Test Questions and Answers #8
• SAP General Ledger Questions and Answers #1
• SAP General Ledger Questions and Answers #2

• Some Important Tcodes for FI GL AR AP Asset
• SAP FI Transaction Code List 1
• SAP FI Transaction Code List 2
• Useful Reports Tcode in SAP Financial Accounting
• The Financial Statement Closing Tcodes
• Profit and Loss Closing Tcodes
• Controlling Transaction Codes List 1
• Controlling Transaction Codes List 2
• What The Tcode To Design Report In KE30
• Steps For Using Trx F103 and F104
• Comparison FAGLL03 FBL3N FBL5N
• Use Of Transaction Code F110 And F111
• VA88 CJ88 No Versions For WIP RA
• Default Values for FI posting FB50
• FD11 Is For Analysis Of Customers
• Credit Management Tcode
• Travel Manager in SAP

• Important Tables in SAP FI
• Important Tables in SAP CO
• Important Tables in SAP AA
• MIRO Tables - Invoice Document Data

• Inventory Accounting Entries
• Sales and Distribution Accounting Entries
• Vendor Invoice Verification Accounting Entries
• Reversal Entry In Accounting
• Different Types Of Reversal Document
• What Are The Posting Keys For AP, AR & GL
• Transfer of Balance of Vendor Customer and Ledger
• IMG Transaction code OBYC Integration
• OBYC Different transaction like BSX, GBB
• Journal Entry Vs Journal Voucher

• Clear Off Duplicate House Banks In System
• Explain House Bank And Bank Key
• Banking Transaction Financial Accounting Entries
• The Steps For Interest Calculation of Bank
• Customizing an Electronic Bank Reconciliation Statement
• What Is Bank Sub Account

• Financial Accounting Module Of SAP
• SAP Financial Accounting Overview
• SAP FI FAQ
• SAF FI Frequently Asked Questions 1
• SAF FI Frequently Asked Questions 2
• Questionnaire with Answers for SAP FI
• Questions and Answers for SAP Financial
• Integration of FICO with Other Modules
• Cutover Strategy In SAP FICO
• Explain About Correspondence
• Cash Management
• Differentiate between Acct Assign Model, Recurring and Sample Doc
• Management Accounting Review Questions and Answers

• Open and Close Posting Periods
• Allowed OB52 based on company code
• Variants in OB52 to use Multiple Time Zones
• Is There an Automatic Program for MMPV
• How To Undo The Process of MMPV
• Check List for FI Year End Closing
• Setup FI Fiscal Year Period
• Fiscal Year Varient & Posting Periods Varient
• Check Current Fiscal Period Year In FI Module

• General Ledger in FICO
• SAP Chart of Account
• Cost Elements not created for General Ledger Accounts
• What is GL At Company Level and Chart of Accounts
• Change Reconciliation Account of Customer Master
• How to Configure FICO Reconciliation
• Explain Reconciliation Between FI Books & CO Books
• Document flow confusion in SAP FI
• What is "Real Time" Integration?
• Configuration for Special Purpose Ledger
• What is Hold and Parking of Document?
• Difference between Posting Key and Field Status Variant
• Various Postings To The GL Account Postings
• What is Debit note and Credit note
• Sample Account Assignment in G/L Account
• Configuration Steps For Preparation of GL A/C
• The Procedure For FI Bad Debt Configuration
• Configure Provision For Bad and Doubtful Debts
• What Is New General Ledger Accounting
• Document Splitting Feature Available in New General Ledger
• Unplanned and Plan Delivery Costs In Stock and G/L Account
• Difference Between Open Item And Open Item Management
• G/L Open Item Management
• Details of General Ledger Account & Its Groups
• Changes In Parked And Other FI Documents
• Editing G/L Account Master Records Individually
• Define Account Group
• General Ledger Account Review Questions and Answers
• Creation of Sample Document

• Various Steps To Configure Dunning
• Settings Required For Dunning
• Differences Between Accounting and Dunning Clerk
• Create The Dunning And Accounting Clerk
• Dunning In SAP

• Configure the Data Medium Exchange for making payments
• Set the baseline date=Invoice date
• FB50, FB60, No document number was display
• MIRO No FI document after upgrading to 4.6x
• Different Between Posting, Clear and Payment
• Vendors not used within a specified period
• Vendor Master Questions Self Test
• Delink Cheque Payment from Payment Document
• Setting Up Manual & Automatic Payment Program
• Steps of Automatic Payment Program
• FI Questions about GR/IR
• Configure Automatic Clearing of GR/IR
• Recurring Entry & Sample Doc
• Update Trading Partner Field for Posted Documents
• Change Trading Partner In FB02
• Process Of Letter o Credit for Imports
• Bills Of Exchange Concept In AP
• Recurring Documents and Interest Calculation
• How To Make a Residual Payment To a Vendor
• To Avoid Transfer Posting of the Same Vendor Invoice
• Significance of One Time Vendor
• Settings To Post To a Particular Vendor
• Mass Void Those Wrongly Issued Check
• Term Of Payment SRC1 is Missing
• OBA3 Define Tolerances (Vendors)
• Overview Of All Payment Runs
• Automatic Payment Program Self Evaluation Questions
• Automatic Payment Transaction F110
• Additional Log In The Automatic Payment Program

• How Down Payments Are Configured
• The Down Payment Process Steps
• Down Payment Made and Received

SAP Controlling Reference Book
SAP S/4HANA Management Accounting Certification Guide: Application Associate Exam (SAP PRESS)

... more SAP FICO Books

Free FI Download (PDF) 

• Download: Deleting No.range of Particular Company
• Download: Bank Reconciliation Configuration
• Download: Define Business Places
• Download: FICO Tcode Quick Reference
• PDF: SAP Integration Model: MM PP SD FI
• PDF: GL AR AP Process Flow Chart

• What Is Chart Of Depreciation
• Tcodes for Configuring Assets Accounting
• Assets and Liabilities Closing Tcodes
• Assets Opening And Closing Balance
• Posting to Cost Center and Internal Order
• Process Fixed Asset Depreciation
• Asset Year-end Closing
• Asset Reverse Year-end closing
• Post Capitaliz.(asset not posted in closed fiscal year)
• Mass Change For Assets and Data Reset
• Asset Master Data Upload
• Retire Asset with or without Revenue
• Mass Asset Retirement or Disposal
• How To Configuration in Asset Accounting in FI
• Processing Mass Changes Using a Worklist
• Periodic Asset Postings - ASKB
• New Depreciation Area In Asset Master Data
• Asset History And Asset History Sheet
• Capitalization AUC Investment Measure To Asset
• Configuration Settings Inter Company Asset Transfer
• Stop Depreciation For Some Fixed Asset
• Asset Accounting Business Questions for Implementation
• Asset Accounting Questionnaire During Requirement Gathering
• Asset Acquisition Questionnaire For Business Users
• Asset Accounting Questions For SAP FI Consultant
• Questionnaire For Business Transactions
• Depreciation Questionnaire For Implementation
• Asset Transfer and Transfer Variant in SAP

• Why and When to use Business Area
• Fastest way to create a company code
• What is Valuation Area and Valuation Class
• What Is Valuation Class, Movement Types, Transactions Key
• Inter-company Clearing with Customer / Vendor Posting Keys
• Company Code Not Assigned to Country
• Report to see Business Area with Cost Center
• Head Office And Branch Office Grouping
• OBY6 Global Parameter for Company Code
• Define Business Area And Consolation BA
• Steps Assigning More Than One Company Code to One Controlling Area

• Setting Currencies Tcodes By SAP FI
• Entering Exchange Rate
• Change in Company Code Currency
• Explain The Difference In Currency
• Currency Decimals Default and Places in SAPr3
• How To Set Multiple Currencies For Company Code or Group
• Real Time Foreign Currency Revaluation
• Financials In Parallel Currency
• Set Countries Decimals Place
• Maintain Currency And Valuation Profile

• FI Document: List of Update Terminations

• CO-PA Transfer of Incoming Sales Orders

• Diff. between Withholding Taxes & Extended Taxes
• Change in Tax
• What is Central Value-added Tax and how it is configured
• FTXP - Create a Tax Code
• Handling of Tax Procedure in SAP FICO

• Entering Invoice Receipts for PO
• Various Accounts Used In Invoice Verification

• Using 1099 MISC Reporting

• SAP Controlling Overview
• Simple Overview of Product Costing
• Difference between Cost Centers and Internal Orders
• Populating Transaction Type during Order Settlement
• What is Production Order Settlement
• How does one Deactivate a Cost Center
• Requires an Assignment to a CO Object
• Difference Between Primary and Secondary Cost Element
• SAP Controlling FAQ
• Cost Component Split In FICO
• What is Activity Type and Statistical Key Figure
• Cost of Production Accounting Logic
• Re-run Released Cost Estimate For Material
• Usage and Purpose Of Using KALC
• Wastage Scrap Treatment On CO-PC
• Steps And Uses Of Product Costing
• Checklist For An Error Less Costing Run
• Standard Cost Transfer Control ID
• Flow Of FI Data Direct To COPA
• WIP Variance and Order Settlement Functionally
• Maintaining Versions in Controlling
• Maintain Controlling Area

• Using the Lock Box Files in SAP FI
• The Flow Of Lock Box Processing
• Lock Box Configuration
• Lock Box Setting

Report Painter

• Report Painter And Report Writer
• Report Painter, How to reverse +/- signs
• Library for Report Painter/Writer
• Rept Painter, changing the tables assigned to libraries
• Report Painter, Relationship with Rept Grps & Repts

• SAP FI Functional Consultant Responsibilities

• Reasons For Archiving Financial Accounting Data

• Vendor Ageing Report to Calculate the Outstanding Days
• Link Between Accounting With Material Number

Main Index
SAP ERP Modules, Basis, ABAP and Other IMG Stuff