FICO - Question and Answers 01

1. Name the two segments in GL account master records.

Chart of accounts segment and company code segment. 

2. How many Chart of accounts can be assigned to a company code

Three. At least one Operating Chart of accounts should be assigned to a company code and you can use two additional charts of accounts namely Group chart of accounts and Country-specific chart of accounts.

3. What are the major components of Chart of Accounts.

Chart of Accounts key, Description, Maintenance Language,

Length of GL account number, Controlling integration, Group chart of account for consolidation, Blocked status indicator.