Most sensible 50+ SAP FICO Interview Questions & Solutions in 2025

Often Requested SAP FICO Interview Questions for Freshers and Skilled

Elementary SAP FICO wisdom referring to its utilization, components, code, operations, and vital phrases is a will have to for freshers. Following are one of the most most frequently asked SAP FICO interview questions.

1. What do you already know by way of the time period SAP FICO?

SAP is the abbreviation for Techniques, Packages & Merchandise in Information Processing. The FI in FICO stands for (Monetary Accounting), and CO is for (Controlling). Thus, SAP FICO is a mix of SAP FI and SAP CO. Whilst SAP FI offers with accounting, tax computation, and preparation of monetary statements, SAP CO is for inside orders, stock sheets, value sheets, value allocations, and extra.

2. What’s the posting key? What objective does it serve?

A two-digit numerical for controlling and figuring out the transaction sort documented within the line merchandise is known as a posting key. It is helping decide the next:

• Account sorts
• Varieties of posting: debit or credits
• Box standing of a transaction

3. What’s the primary utilization of SAP FICO?

SAP FICO is the device used for storing and computing information. It is helping retrieve the end result in keeping with the most recent advertising state of affairs. It prevents information loss and is liable for the reporting and verification of knowledge. Its modules permit corporations to regulate monetary duties inside a world framework of currencies and languages.

4. What are the opposite modules into which ‘Monetary Accounting’ of SAP FICO is built-in?

The opposite modules to which ‘Monetary Accounting’ of SAP FICO is built-in are:

• Gross sales and Distribution
• Manufacturing Making plans
• Subject material Control
• Human Useful resource
• Controlling monetary transaction

5. State crucial organizational components in SAP FI.

The vital organizational components in SAP FI are as follows:

• Useful House
• Trade House
• Corporate Code
• Chart of Account

6. What’s the easiest way to regulate transactions from other trade traces inside an organization?

One of the simplest ways is to create Trade Spaces. You’ll be able to additionally create other corporation codes for each and every trade line to regulate transactions from other trade traces inside an organization.

7. What are the choices for fiscal years in SAP FICO?

A fiscal yr is a approach to cling the monetary information within the machine. In SAP FICO, there are twelve posting classes and 4 particular classes. You will have to specify the fiscal yr variant for each corporation code. Additionally, when making a controlling field, you’ll have to specify the fiscal yr variant.

8. What’s the position of credits management?

Credit score management is helping guard a trade in opposition to overstretching its monetary property. In most cases, a credits prohibit is about for the purchasers the use of SAP when a fee is made put up the product’s sale. This technique lets you limit the client’s quantity to transparent prior to beginning a recent acquire.

It’s appropriate for credits control in software elements:

• Account Receivable (AR)
• Gross sales and Distribution

9. What’s the serve as of the corporate code in SAP FICO?

The corporate code is liable for producing monetary statements like Benefit and Loss Statements, Stability sheets, and others.

10. What number of Chart of Accounts can an organization code have?

There may also be just one Chart of Accounts for an assigned corporation code.

11. What number of currencies are you able to configure for a Corporate Code?

You’ll be able to configure 3 currencies for a Corporate Code, together with

• One native foreign money
• Two parallel currencies

12. What’s the position of the Chart of Accounts in SAP FICO?

The Chart of Accounts is used to fulfill the corporate’s day by day wishes and the rustic’s felony necessities. Its two sorts are as follows:

• Running Chart of Accounts (COA): A document with all of the common ledger accounts assigned to the corporate code.
• Nation Chart of Accounts (COA): The listing of common ledger accounts had to meet the rustic’s felony necessities.

13. What do you already know in regards to the box standing organization and box standing variant?

The sector standing teams comprise the sector standing variants. The Basic Ledger account has box standing teams. Those standing teams mean you can outline the fields when posting to the overall ledger.

14. What’s the yr shift within the SAP calendar?

The SAP machine most effective understands the calendar yr. It fails to recognize a damaged fiscal yr. Assume for a trade a fiscal yr isn’t a calendar yr however a mix of the other months of 2 other calendar years. Then, some of the calendar years must be categorized as a fiscal yr, and the months that fall in some other yr must be adjusted into the fiscal yr by way of moving the yr by way of the use of the signal -1 or +1. This shift is termed a yr shift.

15. State the kinds of modules into which FI is built-in.

The various kinds of modules are:

• Manufacturing Making plans
• Subject material Control
• Human Useful resource
• Gross sales and Distribution

16. How are output and enter taxes controlled in SAP FICO?

SAP FICO has tax codes inside tax procedures for each nation. You get the ability to expense out the tax quantities or capitalize them to shares.

17. What are validations and substitutions in SAP FICO?

Validations within the FI and CO modules assist make sure that information integrity when coming into precise transactions on-line or in a batch. The substitutions within the FI / CO / EC modules assist derive or right kind values which are handed by way of integration or submitted to the FI / CO modules.

18. Which software spaces use validation and substitutions?

Validation and substitution are utilized by the next software spaces in SAP:

• FI- Monetary Accounting
• CO- Price accounting
• GL- Particular objective ledger
• AM- Asset accounting
• PS- Venture machine
• PC- Benefit heart accounting
• CS- Consolidation
• RE- Actual property

19. What’s a year-dependent fiscal yr variant?

When the collection of days in a month does now not correspond to the calendar month, this can be a year-dependent fiscal yr variant. As an example, when January ends at the thirtieth and February at the twenty seventh.

20. What steps are all in favour of G/L posting?

On crowning glory of the payroll run, the effects are to be added to the G/L accounts. GL posting comes to the next steps:

• Grouping related data from the payroll effects.
• Growing summarized paperwork.
• Appearing the essential postings to acceptable value facilities and G/L accounts.

21. What are the other strategies for making seller bills?

The 2 strategies are:

• Guide Cost: Achieved and not using a medium akin to cheques.
• Computerized Cost: Achieved via DME (Information Medium Trade) like cord switch or cheque.

22. What’s using FSV (Monetary Remark Model) in SAP FICO?

FSV is a reporting software. It is helping extract ultimate accounts from SAP like Stability Sheets and Benefit and Loss Accounts. The use of more than one FSVs, you’ll be able to generate the output of more than a few exterior companies like banks and different statutory government.

23. At what stage the Buyer and Dealer codes are saved in SAP?

The Buyer and Dealer codes are saved on the shopper stage. An organization code can use the seller and buyer code by way of extending the corporate code view.

24. What’s the importance of monetary statements inside a trade in SAP FICO?

A monetary commentary is helping organize the corporate’s monetary property. Growing and managing monetary statements and data lets you create information that you’ll be able to use later to plot additional or make a decision on investments for the corporate.

25. State the average G/L studies in SAP FI.

The commonest G/L studies in SAP FI are as follows:

• G/L Chart of Accounts Record
• G/L Account Record
• G/L Account Balances
• G/L Account Totals and Balances

26. What’s the objective of “Record sort” in SAP FICO?

The primary functions of “Record sort” are as follows:

• It is helping outline the paperwork’ quantity vary.
• It permits controlling the kinds of accounts posted, like Dealer, Belongings, Buyer, Standard GL account, and extra.
• It’s used for access reversals.

27. What is supposed by way of corporation and corporate code in SAP FICO?

An organization is an organizational unit. It’s used within the felony consolidation module for rolling up monetary statements of various corporation codes. Contrastingly, the corporate code is the smallest organizational unit. You’ll be able to draw up a fully self-contained set of accounts for exterior reporting functions of corporation code.

28. What are accounting era variants and posting era variants in SAP FICO?

• Accounting era variants: They assist organize the accounting classes open for validation and all closed classes to be deleted. They’re appropriate for opening and shutting classes of the monetary yr for reservation functions.
• Posting era variants: A posting era in a fiscal yr is a era for which the transactions figures are up to date. The posting era variants are in charge of controlling which Accounting era is open for posting. It guarantees balanced closed classes.

29. What’s using Account Receivables?

Accounts Receivable elements mean you can document and organize all shoppers’ accounting information. All postings in Accounts Receivable are at once recorded in Basic Ledger.

30. What are the perks of the use of Trade spaces in an organization?

In an organization, trade spaces can be utilized when different corporation codes want the similar spaces. They’re used extra in Controlling than Finance Accounting. The advantages of the use of trade spaces are as follows:

• It’s simple to configure. You’ll have to connect it to the corporate code, and the opposite main points gets hooked up by way of themselves.
• The use of Trade spaces in controlling, it will get more straightforward to create Stability sheets, Benefit and loss statements, and extra.

31. What issues may happen after we configure the trade field?

The splitting of the account stability is the principle drawback confronted when a trade field is configured. It’s extra pertinent for taxable accounts.

32. Give an explanation for the connection between corporation code and the controlling field in SAP FICO.

A controlling field in SAP can comprise a number of corporation codes. Those corporation codes use the similar operative Chart of Accounts because the controlling field. A unmarried corporation code may also be assigned to a controlling field, whilst a controlling field can comprise more than one corporation code assignments.

33. What’s FI-GL Accounting? Why is it used?

The FI-GL is the abbreviation for Monetary-Basic Ledger. It is helping get an summary of exterior Accounting and accounts. It holds all trade transactions integrated with all different operational spaces in a device machine, making sure that the accounting information is all the time correct and entire.

34. What’s parallel and the native foreign money in SAP FICO?

Native Forex: The foreign money entered within the corporation code advent.

Parallel Currencies: The opposite two further currencies that can be utilized in overseas trade transactions or world transactions. GROUP CURRENCY and HARD CURRENCY are two examples of parallel currencies.

35. What are the customizing must haves for file clearing?

The customizing must haves come with checking the cleared and uncleared pieces by way of open merchandise control. The open merchandise control procedure is helping organize the account payable and accounts receivable. I.e., the phenomenal accounts. As an example, an unpaid bill merchandise is taken as an open account till paid.

36. What are the one-time distributors in SAP FICO?

For firms coping with prime money transactions, it will get impractical to create new grasp data for each seller buying and selling spouse. So, one-time distributors clear up the issue as they enable a dummy seller code for use on bill access whilst the ideas is most often saved within the seller grasp.

37. What’s the importance of the GR/IR clearing account in SAP FICO?

GR/IR is the abbreviation for Just right Won/ Bill Won. A GR/IR clearing account is an meantime account. The availability is made if the products are won within the legacy machine, however the bill is not. It is going throughout the Accounting access debiting the Stock and crediting the GR/IR account.

In a similar way, when an bill is won, the seller account will get credited, and the GR/IR account is debited. Thus, the GR/IR is an uncleared merchandise until the bill is not won.

38. What’s the default change price sort picked up for all SAP transactions?

The default change price sort is M or Moderate Charge for all SAP transactions.

39. What are the other accounting teams that may be created in Account Receivable in SAP FI?

The next accounting teams may also be created in Account Receivable:

• X001- Home Consumers
• X002- Export Consumers
• X003- One-Time Consumers

40. Is it imaginable to calculate depreciation to the day? How are you able to do this?

Sure, it’s imaginable. The depreciation to the day serve as will get energetic for an asset as quickly because it has a corresponding depreciation key and is capitalized (posted to). As a result, you’ll be able to’t transfer off this serve as for the asset, even while you trade the depreciation key.

41. What are the interior orders in SAP FICO? The place are you able to use them?

Inside orders are used for making plans, amassing, and settling the prices of inner duties and jobs. They may be able to even be used to trace the fee. They’re incurred over a momentary foundation.

42. What’s using Account payable? How is it associated with G/L?

Accounts payable is used for managing and recording the accounting information for all of the distributors. It pertains to G/L as follows:

• All invoices are controlled as in line with seller requests.
• Payables are controlled as in line with the fee program. Bills may also be by way of cheques or digital transfers.
• The entire postings in Account payable are concurrently up to date in Basic Ledger.

43. What ‘blocks’ may also be carried out to a seller account in SAP FI?

The next blocks may also be carried out to a seller account:

• Posting block for all corporation codes and likely corporation codes.
• Buying block for all or positive buying organizations. It’s only used you probably have bought/put in the buying software part.

44. What is obstructing a buyer in SAP FI?

Blockading is when postings are now not made to an account. It’s important to block a buyer account prior to marking a buyer grasp document for deletion.

As an example, you might block a buyer that you simply use instead dunning recipient. Thus, no person can mistakenly put up to that buyer. The next blocks may also be set for a buyer within the Gross sales and Distribution (SD) software part:

• Posting block
• Supply block
• Order block
• Invoicing block

45.  What’s the chart of depreciation in Asset Accounting?

The chart of depreciation is the perfect node assigned to the corporate node. It retail outlets all of the depreciation calculations.

46. How are you able to organize the connection between two currencies in SAP FI?

The use of change charges, you’ll be able to outline and organize the connection between two currencies or translate an quantity into some other foreign money. Trade charges are outlined for the next functions:

• Posting and Clearing
• Trade Charge Variations
• International Forex Valuation

47. What’s the box standing organization used to management?

The sector standing organization is configured in FSV to care for box standing for Basic Ledger accounts.

48. How would you create a Credit score Keep watch over House in SAP FI?

You’ll be able to use the transaction code OB45 or trail to create a Credit score Keep watch over House. The stairs to create a credits management field are as follows:

SPRO > undertaking construction > care for construction > definition > monetary accounting > care for credits management field

Subsequent, you’ll have to input the next description:

• Replace
• Title of the credit-control field in SAP
• Forex
• Description
• Credit score Prohibit
• Chance Class
• Fiscal Variant
• Rep Crew

49. What are some maximum vital tables in SAP FICO?

Tables in SAP FICO assist retailer the knowledge on a display screen. Some vital tables of SAP FICO are as follows:

Endeavor construction SAP Tables

• T001: SAP Corporate-Code
• TCURC: SAP Forex-codes
• T005: International locations in SAP
• TCURT: Forex title in SAP
• TCURR: Exch-rate in SAP
• T009: Fiscal yr variants in SAP
• T077S: G/L Account-group
• T880: World-company-data in SAP
• T004: SAP Chart of accounts (COA)
• T014: Credit score-control-area SAP
• T012: Space banks in SAP
• T010O: SAP Posting-period-variant (PPV)
• T001B: Accepted posting classes in SAP
• T010P: Posting era variant names in SAP
• T003: Record sorts in SAP

SAP FI G/L Tables

• BNKA: Financial institution grasp document SAP
• SKA1: Chart of accounts phase GL grasp information
• BNKA: Financial institution grasp document in SAP
• SKB1: Corporate code phase G/l grasp information
• BKPF: SAP Accounting paperwork header
• BKPF: Accounting paperwork header in SAP

Accounts Receivable Desk

• KNBK: Financial institution main points
• KNVH: Buyer hierarchy
• KNVK: Touch individuals
• KNVI: Buyer grasp tax indicator
• KNA1: Buyer master-Basic information
• KNB1: Buyer master-Corporate code information
• KNVV: Buyer master-Gross sales information
• KNVS: Cargo information for buyer
• KNVP: Buyer companions

SAP FI Accounts payable tables

• LFA1: Dealer master-Basic information
• LFBK: Financial institution main points
• LFM1: Buying group information
• LFM2: Buying information
• LFB5: Dealer dunning information
• LFB1: Dealer master-Corporate code information

Belongings Accounting Tables

• ANEK: Record header asset posting
• ANKB: Asset categories: Depreciation field
• ANKA: Asset categories: Basic information
• ANKT: Asset categories: Description
• ANEP: Asset line pieces
• ANLU: Asset grasp document consumer fields
• ANLZ: Time-dependent asset allocation

SAP CO Tables

• CSKS: Price heart grasp information
• CRCO: Project of labor heart to price heart
• CSKT: Price heart texts
• COSP: Price totals for exterior postings
• COBK: Record header
• COEP: Line pieces (by way of era)
• COST: Worth totals

Benefit heart Accounting tables

• CEPC: Benefit heart grasp information desk
• GLPCA: Precise line pieces – Benefit heart
• GLPCP: Plan line pieces – Benefit heart
• GLPCO: Object desk for the account – Benefit heart
• GLPCC: Transaction attributes – Benefit heart
• CEPCT: Texts for benefit heart grasp information

50. What’s using an account organization?

Account organization defines GL account and Dealer and Buyer Grasp. It’s used to management the knowledge that must be entered whilst making a grasp document.

51. How would you outline the tolerances for bill verification?

Tolerance in SAP specifies whether or not the payable puts fit or tax cling at the bill. Following cases of tolerance may also be outlined for logistics bill verification:

• Small variations
• Amount variances
• Transferring moderate value variances
• Worth variances

52. What is supposed by way of the short-end fiscal yr?

A brief-end fiscal yr is while you trade from a regular fiscal yr to a non-calendar fiscal yr or vice versa. It most often occurs when an undertaking turns into a part of a brand new co-corporate organization.

53. What’s APP in SAP FICO?

APP is the abbreviation for Computerized Cost Program. This can be a software equipped to corporations for paying their shoppers and distributors. It facilitates keeping off errors whilst posting manually. Bills by way of APP are extra possible when there are extra workers within the corporation.

54. What are value and benefit facilities in Controlling?

Price Middle: An element in a company added to the fee and not directly added to the group’s benefit, akin to advertising and customer support. A trade unit of an organization can both be categorized as a benefit heart or a price heart, or an funding heart.

Benefit Middle: For managing inner management. Dividing an organization into benefit facilities permits delegating duty to decentralized devices. It additionally lets you deal with the devices as separate corporations inside an organization.

55. Is the trade field on the corporation code stage?

No, the trade field isn’t on the corporation code stage. Quite is on the shopper stage, because of this that different corporation codes may also be posted to the similar trade field.

Those SAP FICO interview questions will surely permit you to in cracking the task interview. Have we ignored any questions? Tell us within the feedback and we can resolution it for you.