SAP FICO Interview Questions

SAP FICO Tutorial – SAP FI/CO Training Tutorials

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SAP FICO Tutorial – SAP FICO is the Finance and Cost controlling module in SAP ERP whereas name FI stands for Financial Accounting and CO stands for Controlling. Learn SAP FICO Module for free of cost. This topics and tutorials given for beginners.

SAP FICO (Financial Accounting and Controlling) module can be integrated with all other SAP modules include Material Management, Sales and distribution, Production planning, Human resource Management, Material Management etc. This introductory tutorial help to know basis SAP FICO Tutorial and how to deal with its various modules and sub-modules with some of the transactions and tutorials help reader to know more.

The FI Module comprises several sub-modules as follows:

  • Accounts Receivables
  • Accounts Payable
  • Asset Accounting
  • Bank Accounting
  • Consolidation
  • Funds Management
  • General Ledger
  • Special Purpose Ledger
  • Travel Management

The SAP FI Module has the capability of meeting all the accounting and financial needs of an organization. It is within this module that Financial Managers as well as other Managers  within your business can review the financial position of the company in real time as compared to legacy systems which often times require overnight updates before financial statements can be generated and run for management review.

SAP FICO is one of the most widely used modules in SAP. I have written a lot on SAP FICO Tutorial and this is a summary post that will work as an index to go through with all of them in order.

SAP FICO Tutorial/ Course

SAP FICO Tutorial # Part 1

Tutorial : How to Enter Exchange rates in SAP?

Tutorial : Exchange rates Types

Tutorial : What is Automatic Clearing in SAP Configuration?

Tutorial : SAP FI (Financial Accounting) Module Training

Tutorial : What is Contract in SAP?

Tutorial : How to define Chart of Accounts in SAP?

Tutorial : How to do Material Ledger Multiple Currency?

Tutorial : What is Invoice Verification in the SAP System?

Tutorial : What is Profit Center accounting?

Tutorial : SAP Down Payment Process an Overview

Tutorial : What is Variant Principle in SAP?

Tutorial : Product Costing in SAP Overview

Tutorial : What is Clearing Functions in SAP?

Tutorial :Explain the Categories of General Ledger accounts in SAP

Tutorial : Accounts Payable Processing in SAP

SAP FICO Tutorial # Part 2

Tutorial : List out the Benefits of New General Ledger in SAP?

Tutorial : What is Document Splitting Concept in SAP?

Tutorial : What is the Different between CENVAT & MODVAT?

Tutorial : How to define Chart of Accounts?

Tutorial :What is a Special General Ledger Transaction (G/L)?

Tutorial : To Know Service Tax Abatement in SAP

Tutorial : How to Configure Foreign Currency Valuation in Sap?

Tutorial : SAP Account Assignment Template

Tutorial :What is Logistics Invoice Verification in SAP MM?

Tutorial : What is SAP Inflation Accounting on Fixed Assets?

Tutorial :What Is New General Ledger Accounting in SAP?

Tutorial: What are all accounts important for Invoice Verification?

Tutorial : How to Maintain Field Status Variants in SAP?

Tutorial : What is Cross Company Code Transactions in SAP FICO?

Tutorial :What is Tax Classification in SAP SD?

SAP FICO Tutorial # Part 3

Tutorial :SAP Billing Process an Overview


Tutorial :Retained Earnings GL Account in relation to Carrying Forward Balances

Tutorial :Commitment Management in SAP Controlling

Tutorial :What is Cross Company Code Clearing Accounts in SAP?

Tutorial :When is Validation and Substitution Not Called in SAP?

Tutorial : How to do Fiscal Year Variant Change in SAP?

Tutorial :What is the difference between SAP Financials and SAP Controlling?

Tutorial : Sample Account Assignment in G/L Account

Tutorial :SAP Post Dated Check Configuration

Tutorial :SAP Credit Management Process and Features

Tutorial :Foreign Currency Revaluation F.05 Issue

SAP FICO Tutorial # Part 4

Tutorial :What are the Month End Closing Activities in Finance

Tutorial :General Ledger Master Data in SAP FICO

Tutorial : SAP CO Module Introduction

Tutorial :SAP functional location an Overview

Tutorial :SAP Cost Center Accounting – Overview

Tutorial : SAP Currency Exchange Rates Table (OB08)

Tutorial : VF03 – Display Billing Document, Settings and Configuration

Tutorial : Clear G/L Account – FB1S

Tutorial :SAP Accounting Entries from MM

Tutorial : How to create Batch Journal Entries in SAP?

Tutorial : Profitability Analysis (COPA) – SAP Help Portal

Tutorial :SAP FICO Interview Questions

Tutorial :Extended Withholding Tax: Customizing

Tutorial : Recurring Entries Procedure – SAP (FBD1)

SAP FICO Tutorial # Part 5

Tutorial :How to Configure Foreign Currency Valuation – Steps

Tutorial :What is Asset History Sheet Scenario in SAP?

Tutorial : Maintain Number Ranges for Controlling Documents in SAP

Tutorial : SAP Account Assignment Template FB50

Tutorial :List of Stock Values Balances Transaction Code MB5L

Tutorial : FB70 Customer Invoice

Tutorial : One time vendor – Posting FB60

Tutorial :Sales and Distribution Accounting Entries

Tutorial :How duplicate invoice check works – SAP

Tutorial :Interest Calculation Process in SAP: What is Alternative Payee in SAP?

Tutorial :Terms of Payment and Cash Discount: Overview

SAP FICO Tutorial # Part 6

Tutorial :How to Create Activity types [KL01] in SAP?

Tutorial :Extended Withholding Tax Configuration and Settings

Tutorial : Create Statistical Key Figures in SAP Settings

Tutorial : How to define Standard Hierarchy in SAP?

Tutorial : How to do Secondary Cost Elements in SAP?

Tutorial : Profit Center Accounting – SAP

Tutorial : What is SAP Internal Order?

Tutorial : Foreign Currency Valuation in SAP

Tutorial : How to Create Cost Center in SAP?

Tutorial :How to do Reconciliation Ledger in SAP System

Tutorial : Document Number Assignment in SAP System

Tutorial :SAP Credit Memo Process what is Credit Memo?

Tutorial : How to do Vendor Down Payment Request in SAP?

Tutorial: How to do Month end Provision Entries in SAP?

Tutorial :SAP Credit Memo Processing

Tutorial :How to Maintain Versions in sap?

SAP FICO Tutorial # Part 7

Tutorial : Migration to New General Ledger Accounting

Tutorial: What is Clearing in SAP?

Tutorial: SAP FI-AP

Tutorial :Exchange Rate configuration

Tutorial : How to Copy GL Master from One Company Code to another?

Tutorial :SAP Company Code

Tutorial :SAP SD Accounting Entries

Tutorial :What is Rebate Processing in SAP SD?

Tutorial :What is Country ISO Codes in SAP?

Tutorial:What is Excise invoice in SAP?

Tutorial :What is Dunning Procedure in SAP?

Tutorial :Step by Step Asset Accounting Configuration

Tutorial :What is Closing Procedures in SAP FI (Financial Accounting)?

Tutorial:What is the difference between Simple and Automatic Credit Check Types?

Tutorial :How to Configure Credit Management in SAP?

Tutorial :What is idoc in SAP?

Tutorial :What is Rebate Processing in SAP?

The real-time functionality of the SAP modules allows for better decision making and strategic planning. The FI (Financial Accounting) Module integrates with other SAP Modules such as MM (Materials Management), PP (Production Planning), SD(Sales and Distribution), PM (Plant Maintenance),and PS (Project Systems).

The FICO Module also integrates with HR(Human Resources) which includes PM(Personnel Management), Time Management, Travel Management, Payroll.Document transactions occurring within the specific modules generate account postings via account determination tables.

SPA FICO Tutorial for beginners explain what SAP FICO means, and it gives a brief understanding and important SAP FICO Module concepts are explained above post. I will be adding more posts in SAP FICO tutorial, so please bookmark the post for future reference too.