SAP FICO Interview Questions and Answers @mindmajix

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SAP FICO INTERVIEW QUESTIONS

Q. Explain the term SAP FICO?

SAP FICO stands for FI ( Financial Accounting) and CO (controlling).  In SAP FICO, SAP FI take cares about accounting, preparation of financial statements, tax computations etc, while SAP CO take cares of inter orders, cost sheet, inventory sheet, cost allocations etc. It is the software that stores data, and also computes them and retrieves the result based on the current marketing scenario. SAP FICO prevents data lost and also does the verification and reporting of data.

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Q. What are the other modules to which ‘Financial Accounting’ is integrated?

The other modules to which ‘Financial Accounting’ is integrated are

• Sales and Distribution
• Material Management
• Human Resource
• Production Planning
• Controlling of financial transaction

For more information, click the link below.

http://mindmajix.com/sap-fico-interview-questions