SAP FI/CO Demystified: Questions & Answers 1st Edition, authored by V. Narayanan, is a book that gives readers an understanding of the technology by SAP. SAP FI/ CO Demystified: Questions and Answers top of page ABSTRACT. Using an easy to understand format, the author seeks to demystify SAP FI/CO. : SAP FI/CO: Demystified: Questions and Answers: This is not just another Book on SAP FI/CO. Through an easy-to-understand `Questions.

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Q22 What exactly do you call a short-end Fiscal Year? If you are preparing for job interview or looking for a book to understand the sap accounting principles then we sap fico demystified questions and answers it to you. Machine Learning Training 5. Asset class is the primary class that is used for the purpose of justifying the assets. The users can often made mistake.

Sap fico demystified questions and answers Azure Training 5. A demystfiied is free to sal the special period anytime when the need of same is felt.

The entire asset category are generally assigned or integrated to the one asset class. View Answer How many Chart of Accounts can company code have?

Financial statements also enable business to get reducation in taxes in a few cases.

Therefore, it needs to be changed as per the requirement. It focuses on business and technical decisions that need to be taken sap fico demystified questions and answers, before or after administration of Sap fico demystified questions and answers module. View Answer What is posting period variants? Also, there are additional taxes applicable there. View Answer Explain what is posting key and what does qquestions control? It is basically an important tool which is useful in preparing the statements about the finance related to an organization or a business.

View Answer Explain in simple terms what is field status and what does it control? Other options include electronic transfer. In addition to this, FICO can also be considered for the purpose of accounting, tax computations, preparing the inventory demystifisd, financial data storage.


SAP FICO Demystified Question and Answers by Sreenivas R – Issuu

Errors can be due to negligence of users, fault in the system, wrongly prepared bills or claims, gross errors, basic accounting errors, errors due not updating the sheets and so on. Below in this article you will find books that are most relevant in understanding concepts of FICO module and for the preparation of SAP interviews. Depending on the type of projects which vary largely, the organizations have to end a month a day earlier or two. The organizations are free sxp use any two options for parallel that they seem to have more need.

There are certain benefits and a sap fico demystified questions and answers major ones are gico below:.

SAP FICO Interview Questions

Q15 Can you name a few methods with the help of which the vendor invoice payments can be taken care of?

View Answer Questinos are the methods by which vendor invoice payments can be made? Q21 What prerequisites are there which users need to handle when it comes to document clearing? It is used whenever there is a need for the organization to access the external accounts. It simply give idea about the type of posting which can either be credit or debit as well as the type of accounts. This book can be used as a reference tool for those companies where sap is in sap fico demystified questions and answers stage or about to be implemented.

When transactions are done, there are often fields which come up, this option is used or is enabled when they are not required while handling the sap fico demystified questions and answers.

A Short-end Fiscal Year is basically when a calendar year is modified as per need. There are options for manual payments that can be made either in cash or through cherubs.

The users can simply keep sap fico demystified questions and answers digital record of all the funds received or transferred to any other account. I am from Deemystified. View Answer Is business area at company code level? The user needs to provide the controller name, Description, Currency option is to be selected, risk category is to be selected and then the information about the Fiscal variant is also to be provided.

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It has step by step instructions with practical examples for the most recent ECC 6. It is widely considered I Financial accounting for handling a lot of tasks that matters to the organizations.

Questions and Answers PDF

For example the Month May can have 29 days. It also has applications in the Asset and Cost Accounting. Generally, it is a two digit number when is entered during defining of item. Previous Next Autoplay Stop. Q25 Name a few important components of the charts that matters in accounting? Join Free Live Demo Sessions. This can happen due to a very large number of reasons and the organizations have to adopt the new calendar.

Organizations are allowed to add two more currency option than their local. It is basically an approach that is used for the purpose of maintaining the General Ledger accounts.

View Answer Explain what is recurring entries and why are they used? View Answer Where can you use the internal order? The users are free to keep up the pace simply even when the operational areas needs core accounting skills or have problems associated with them. View Answer What is sap fico demystified questions and answers account group and where it is used? View Answer What are the major components of Chart of Accounts?

SAP FICO has tax procedure already defined in it for various nations and the users are free sap fico demystified questions and answers get the information regarding the same. It is basically a tool that is used for reporting. Well, it simply enables them to keep an eye on the purposes for which a specific amount was send including all its information.