Questions for SAP FI/CO Certification

A set of SAP FI/CO certificate questionsn as true - false and fill in the gap for answer. You should prepare almost all SAP sub-modules of FI/CO before getting certification exam


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Certificate Preparation Material for FI/CO

Here is Certificate Preparation Material for SAP FI/CO created by Murtaza Habib

This file is splitted to 4 part. You need to download all file then extract the file via winzip program.


Enjoy.

Part1
Part2
Part3
Part4

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Sap Fi Paper 05

Here is the useful SAP material about SAP FI Certifiacation.


download at SAP FI Paper 5

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SAP Certification Training - Career Options

Where to begin / What it involves:

SAP stands for Systems, Applications and Products in Data Processing, and is a leading Enterprise Resource Planning (ERP) software package from a German company named SAP AG.


Completing a SAP overview course is suitable for students with little or no SAP experience. There are two entry level courses. You should choose carefully between them to see which one is more suited to your needs. Both courses are three days in duration.

1) SAP 01 – SAP Overview:
This is the functional overview course for students who intend on becoming application consultants.

2) SAPTEC – mySAP Technology Solution Fundamentals:
This is the technical overview course for those who plan on becoming technical consultants, programmers or system managers/administrators.

Once you have completed the SAP01 or SAPTEC, you can progress to the SAP Certification program although the above courses are not a prerequisite for SAP Certification. It is recommended that students undertake SAP Certification in an area where they have a good business understanding as the courses tend to be very challenging for students trying to learn the business processes along with the systems.

SAP Certification is available in the following categories:
- Financials (FI, CO & SEM)
- Human Resource (HR)
- Operations (SD, MM, WM)
- Product Lifecycle Management (PS, PM, CS, QM)
- Supply Chain Management (PP, APO)

Typical SAP Certification courses take five to six weeks in duration. As they are modular they can be taken either back to back or over extended periods. Although courses are offered via distance learning SAP recommends that you physically attend the courses if studying for certification as the distance learning option is geared for a more high level audience.

Career options:
Obtaining a SAP certification is a valuable commodity on your CV but must be combined with industry experience for maximum benefit. Obtaining a SAP exam is not a guarantee of breaking into the SAP job market, you need to accompany it with real hands-on project experience. We recommended that you look for a SAP job opening in an area that you are already familiar with. This way you can build on your current knowledge and progress to a rewarding career

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Answers for SAP FI/CO Certification Sample Questions

Here is the list of SAP FICO Interview Questions:


Question:
Which of the following statements are correct?

Answer:
A More than one chart of accounts can be created for each client
B The chart of accounts contains all the G/L accounts, vendor accounts and customer accounts
C More than one company code can be allocated to the same chart of accounts
D The chart of accounts controls all the customising settings in the R/3 system
E All accounts within a chart of accounts must have the same tax code

Question:
What status reports does Cash Management and forecasting include?

Answer:
A. Cash management position
B. Liquidity forecast
C. Credit limit report
D. G/L account balances
E. Bill holdings

Question:
Which of the following are clearing procedures in accounts receivable?

Answer:
A. Incoming payment
B. Down payment request
C. Credit memo
D. Transfer posting

Question:
When creating an Overhead Cost Order, the first order information which must be entered is:

Answer:
A. Order status
B. Order type
C. Settlement type
D. Curreny
E. Classification code

Question:
When creating an Overhead Cost Order, the settlement rule must be entered in the control data.
Which settlement receivers are available for internal orders?

Answer:
A. Cost center
B. Orders
C. General ledger accounts
D. Asset
E. Vendor

Question:
In Controlling, a distinction is made between master data, planning, actual data and the information system.
Which of the following master data belongs to Controlling?

Answer:
A. G/L account
B. Work center
C. Cost center
D. Activity type
E. Supplier

Question:
Withing Overhead Cost Controlling activities are calculated. A Sender/Receiver relationship exists. However, not all Sender/Receiver combinations are allowed.
Which of the following combinations make business sense?

Answer:
A. Sender. Cost Center, Order, Project
Receiver. Cost Center, Order, Project
B. Sender. Order
Receiver. Cost Center, Project
C. Sender. Cost Center
Receiver. Cost Center, Order, Project, Cost Object

Question:
Period closing activities are also performed in Controlling. This is dependent on certain prerequisites. Which of the following are MINIMUM criteria before it makes sense to carry out period closing?

Answer:
A. The posting period has been closed.
B. Materials have been withdrawn.
C. Personnel costs have been incurred.
D. Overhead has been incurred.
E. An order was closed.

See useful SAP site >> mySAP FI Tutorial

More SAP Interview Questions

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SAP FICO Certification Questions (1)

Caution: more than one answer may be correct.
Please mark ALL correct answers.


Question:
Which of the following statements are correct?

A More than one chart of accounts can be created for each client
B The chart of accounts contains all the G/L accounts, vendor accounts and customer accounts
C More than one company code can be allocated to the same chart of accounts
D The chart of accounts controls all the customising settings in the R/3 system
E All accounts within a chart of accounts must have the same tax code

Question:
What status reports does Cash Management and forecasting include?

A. Cash management position
B. Liquidity forecast
C. Credit limit report
D. G/L account balances
E. Bill holdings

Question:
Which of the following are clearing procedures in accounts receivable?

A. Incoming payment
B. Down payment request
C. Credit memo
D. Transfer posting

Question:
When creating an Overhead Cost Order, the first order information which must be entered is:

A. Order status
B. Order type
C. Settlement type
D. Curreny
E. Classification code

Question:
When creating an Overhead Cost Order, the settlement rule must be entered in the control data.
Which settlement receivers are available for internal orders?

A. Cost center
B. Orders
C. General ledger accounts
D. Asset
E. Vendor

Question:
In Controlling, a distinction is made between master data, planning, actual data and the information system.
Which of the following master data belongs to Controlling?

A. G/L account
B. Work center
C. Cost center
D. Activity type
E. Supplier

Question:
Withing Overhead Cost Controlling activities are calculated. A Sender/Receiver relationship exists. However, not all Sender/Receiver combinations are allowed.
Which of the following combinations make business sense?

A. Sender. Cost Center, Order, Project
Receiver. Cost Center, Order, Project
B. Sender. Order
Receiver. Cost Center, Project
C Sender. Cost Center
Receiver. Cost Center, Order, Project, Cost Object

Question:
Period closing activities are also performed in Controlling. This is dependent on certain prerequisites. Which of the following are MINIMUM criteria before it makes sense to carry out period closing?
A. The posting period has been closed.
B. Materials have been withdrawn.
C. Personnel costs have been incurred.
D. Overhead has been incurred.
E. An order was closed.

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SAP FICO Interview Questions

Here is the list of SAP FICO Interview Questions:

See more SAP Interview Questions


1. what is chart of account? what is the relevance of defining chart of account?

2. what is account group? what does it control?

3. what is posting key? what is its role?

4. what is business area?

5. while defining chart of account, there is field " manual creaation of cost element" and "automatic creation of cost element". what is it?

6. after creating a customer/vendor, how can we check that under which account group we have configured this customer/vendor?

7 how the system will know that april is your first posting period?

8. define the term "fiscal year" , "posting period varient" & " field status varient"

9. what do u mean by "open item management" & "line item display"

1. Chart of Account contains all the list of all G/L accounts. Either one or many company codes can use the same chart of accounts.
Relavance
For each G/L account, the chart of accounts contains the account number, account name, and the information that controls how an account functions and how a G/L account is created in a company code.

2. Account Group defines the attributes that determine the creation of master records.
The account group mainly controls,
The data that is relevant for the master record.
A number range from which numbers are selected for the master records.
An account group must be assigned to each master record.

3 Posting Key
Defines the type of account (e.g., Customer, Vendor, G/L account, Material, Asset)
Determines whether the entry is a debit or credit
Indicates special properties (e.g. Reversal Posting Key, Special G/L transaction, etc.)
Data entry screen for the line item via the field status group

4. Business Area
Business Areas are used to differentiate transactions originating from different points/lines/locations in business. Business areas are primarily used to facilitate external segment reporting across company codes, covering the company's main areas of operation (product lines, branches). They are used for internal reporting purpose

5. When automatic creation of cost element is selected the primary cost element is created automatically in CO for each G/L account created (only accounts related to Profit and Loss account group). Where as when manual creation of cost element is selected we need to create cost element in CO manually whenever needed.

6. Customer / Vendor Account Group
https://www.sdn.sap.com/irj/sdn/thread?messageID=4850903ӗ

7. First posting period
Fiscal Year is a period of 12 months and SAP provides 4 special periods to posting adjustment Entries. Fiscal year determines posting periods and while defining the posting periods in fiscal year variant in corresponding field of the 4th month we will give 1 (in the period column) by which system determines April as the 1st posting period.
This link will give you clear picture
http://www.sap-img.com/financial/setup-fi-fiscal-year-period.htm

8. Fiscal Year
http://help.sap.com/saphelp_40b/helpdata/es/95/e42c7dd435d1118b3f0060b03ca329/content.htm
Posting Period Variant
The Posting period variant controls which posting periods, both normal and special, are open for each company code. It is possible to have a different posting period variant for each company code in the organization. The posting period is independent of the fiscal year variant.
Field Status Variant
Field Status Variant is a bundle of field status groups.
Field Status Groups determines document screen layout during posting of a document.


9. Open Item Management & Line Item Display
https://www.sdn.sap.com/irj/sdn/thread?messageID=4782748煮


Useful SAP Site >> SAP Tutorial

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Tips of Certification

I passed my SAP FI certification ECC 6.0 on 21st March 2009. I want to thank each one of them in the group for there support..

People who are going to attend the certification exam kindly concentrate on the TFIN50 and TFIN52

Tips for people who are going to attend the exam:

• Understand the concepts. Don't memorize.
• If posible kindly practice the configuration part (Not mandatory)
• Do the preparation based on the syllabus not based on books. {You will be getting 99% from the syllabus}
• You have to cover all the chapters.
• No straight Questions.
• You will be getting chapter wise questions like AA, Masters, APP, NEW GL and so on.......... ....

“But one thing I can say if you are thorough with syllabus 'U' can easily pass”

Take the certification date only once you finish one round of study of all books

Two types of Questions

Single answer questions {SAQ will be around 10 - 15 questions and remaining will be True/False}

A statement will be given, Based on that 4 to 6 options, You have to select each option is True or False

Subject - No of questions Approx number of questions asked

1. Asset Accounting - 13 questions 2 questions on depreciation area, 3 questions on asset class, 4 questions on asset transactions and depreciation
2. Closing Operations in Financial Accounting - 5 1 question on M/E closing, 3 on Balance confirmations
3. Document and Posting Control - 14 Main questions on cash discount, 1Q on Cross Co.Code, 1Q Doc Reversal, 2Q on Foreign currency, 1Q on authorisation, 1Q on FSG, 1Q on posting period, 1Q on tolerance group, NO questions on TAX.
4. Evaluation Options in Reporting - 7 2 Q on list viewer and 3 questions on drill down report
5. Financial Accounting Master Data - 15 3Q on Bank, 4Q on Customer, 3Q on Vendor, 2Q on GL
6. Payment Program, Dunning Program, Correspondence, Interest Calculation - 6 3 questions on payment program
7. SAP Overview - 5 2 Questions related to MM, 1 on navigation
8. SAP Solution Manager - 4 2Q on Roadmap
9. Special General Ledger Transactions, Document Parking, Validation & Substitution - 6 1Q on Park & Post, 2Q on Splgl, 2Q on Substitution & Validation
10. The New General Ledger -5 1 on Basics

I think this information will be helpful for all of YOU.

Posted by: Venkat.N(Bangalore)

Useful SAP Site >> mySAP FI Tutorial

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SAP Certification Questions Free Download

This is useful material for all guys need to prepare themself before take the certification exam.


You can download from SAP Free Download website.

Useful SAP Site SAP Tutorial

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