Prepare For SAP FICO Interview - Know the Common Questions

Most of the candidates have felt that it is not easy to crack SAP FICO Interview. However, they can prepare for this interview by having a look at the previous years' questions. Different companies and HR professionals make their own question set for interviewing the candidates. The interview questions are relevant to SAP. Thus, you have to apply your knowledge to answer these questions. Now, we have guided you with some SAP FICO Interview Questions Answers Explanations. The freshers and all other candidates will get value from reading these question answers.

However, remember that you have to look for different other SAP FICO Interview Questions Answers Explanations to be more confident on your ability.

What is the importance of financial statements to a business?

It helps the business to have a record of all purposes for sending the amount to anyone. The business will be able to have an accurate digital record on how the funds are transferred or received. The document preparation becomes easier in future. Thus, the businesses can create the essential schemes, based on the financial details.

What number of periods does SAP FICO have?

SAP FICO has 165 periods, and 4 of them are special. These periods are useful for defining the fiscal year-related data. One can use special periods at any time.

Asset class- What is its value to SAP?

Asset class is applicable to justify the assets. The full asset category remains integrated and assigned to a particular class.

What is Field Status?

It is an approach to maintain the accounts of General Ledger. It regulates the fields that have to provide account-related information.

Thus, read the above SAP FICO Interview Questions Answers Explanations. You may also speak to other successful candidates to know about the interview.