Financial Accounting (FI) Flashcards
6 cards from real BCSE ERP practice questions. Tap to flip, then mark Knew It or Still Learning โ missed cards come back until you master them.
Read the first 6 Financial Accounting (FI) flashcards as text
What is a 'chart of accounts' in SAP FI?
Answer: A structured list of G/L accounts used by a company code
A chart of accounts in SAP FI is a structured list of all General Ledger accounts used by one or more company codes to record financial transactions.
Which document type in SAP FI is typically used for vendor invoice postings?
Answer: KR
Document type KR (Kreditor Rechnung, meaning vendor invoice) is the standard SAP document type used for posting vendor invoices in accounts payable.
In SAP FI, what is the purpose of the 'reconciliation account'?
Answer: To automatically update the G/L when postings are made to sub-ledger accounts
Reconciliation accounts automatically update the General Ledger when transactions are posted to customer or vendor sub-ledger accounts, keeping the G/L in sync.
What transaction code is used to post a General Ledger document in SAP FI?
Answer: FB01
Transaction FB01 (Finance Basic posting) is used to manually post a General Ledger document in SAP Financial Accounting.
What is 'dunning' in SAP Accounts Receivable?
Answer: The process of sending payment reminders to customers with overdue invoices
Dunning in SAP AR is the automated process of sending payment reminder notices to customers who have overdue open invoices.
Which SAP FI sub-module handles the management of company-owned assets?
Answer: FI-AA
FI-AA (Asset Accounting) manages the complete lifecycle of fixed assets including acquisition, depreciation, and retirement.