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1.

Write down some common difference between SAP FICO and others in SAP?

Answer»

Write down some common difference between SAP FICO and OTHERS in SAP?
Below are the THREE common differences between SAP FICO and Others in SAP:-

2.

What do you know by internal order option in SAP FICO?

Answer»

What do you KNOW by internal ORDER option in SAP FICO?
It is basically ONE of the option which is mainly used to track the overall cost which is ASSOCIATED with and item or a project. It can be used in certain situation or while handling some important tasks.

3.

What do you know by term WIP in SAP FICO?

Answer»

What do you know by term WIP in SAP FICO?
There are certain asset in SAP FICO that are under the DEVELOPMENT model or we can also say the WIP(Work in PROGRESS) items. And the user have rights to CUSTOMIZE this if it is required.

4.

What do you mean by WIP in SAP FICO?

Answer»

What do you MEAN by WIP in SAP FICO?
WIP in SAP FICO means "Work In Progress" which is basically defines the STATUS of the asset that is under DEVELOPMENT mode in SAP FICO. And user can customize this if it REQUIRED.

5.

What is use of Company Code one of hierarchical component of SAP FI?

Answer»

What is USE of Company Code one of hierarchical component of SAP FI?
We basically used Company Code before creating PROFIT and Loss STATEMENTS of our company. One thing about Company Code is that not all of employees have access to same code. And we can configure up to 3 different currencies. In these 3 different currencies one of these REMAIN local and other two are considered a parallel.

6.

Name the four hierarchical components in SAP FI?

Answer» NAME the FOUR hierarchical components in SAP FI?
Below are the four hierarchical components in SAP FI:-
(1)Company Code
(2)BUSINESS AREA
(3)FUNCTIONAL Area
(4)Chart of Account