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SAP FICO Test (Financial Accounting & Controlling)

About the test:

The SAP FI (Financial Accounting) Online Test uses scenario-based multiple choice questions to evaluate candidates on their technical knowledge and practical skills related to general ledger accounting, accounts payable, accounts receivable, asset accounting, financial statements, and controlling. The test aims to determine candidates' ability to configure and customize SAP FI to meet business requirements, as well as their familiarity with SAP FI best practices, design patterns, and techniques.

Covered skills:

  • General Ledger accounting
  • Accrual Engine
  • Asset Under Construction (AuC)
  • COPA Records
  • Cost & Profit Centers
  • Financial Statement Versions (FSVs)
  • MIGO and MITO Transactions
  • MTO Process

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9 reasons why
9 reasons why

Adaface SAP FICO Test (Financial Accounting & Controlling) is the most accurate way to shortlist Finance Specialists



Reason #1

Tests for on-the-job skills

The SAP FICO Test (Financial Accounting & Controlling) helps recruiters and hiring managers identify qualified candidates from a pool of resumes, and helps in taking objective hiring decisions. It reduces the administrative overhead of interviewing too many candidates and saves time by filtering out unqualified candidates at the first step of the hiring process.

The test screens for the following skills that hiring managers look for in candidates:

  • Ability to perform General Ledger accounting tasks efficiently
  • Proficiency in managing Cost & Profit Centers
  • Understanding of the Accrual Engine and its functionality
  • Capability to create and manage Financial Statement Versions (FSVs)
  • Knowledge of Asset Under Construction (AuC) management
  • Familiarity with MIGO and MITO Transactions
  • Competence in handling COPA Records
  • Understanding of the Make-To-Order (MTO) Process in SAP FICO
Reason #2

No trick questions

no trick questions

Traditional assessment tools use trick questions and puzzles for the screening, which creates a lot of frustration among candidates about having to go through irrelevant screening assessments.

View sample questions

The main reason we started Adaface is that traditional pre-employment assessment platforms are not a fair way for companies to evaluate candidates. At Adaface, our mission is to help companies find great candidates by assessing on-the-job skills required for a role.

Why we started Adaface
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Reason #3

Non-googleable questions

We have a very high focus on the quality of questions that test for on-the-job skills. Every question is non-googleable and we have a very high bar for the level of subject matter experts we onboard to create these questions. We have crawlers to check if any of the questions are leaked online. If/ when a question gets leaked, we get an alert. We change the question for you & let you know.

How we design questions
Reason #4

1200+ customers in 75 countries

customers in 75 countries
Brandon

With Adaface, we were able to optimise our initial screening process by upwards of 75%, freeing up precious time for both hiring managers and our talent acquisition team alike!


Brandon Lee, Head of People, Love, Bonito

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Reason #5

Designed for elimination, not selection

The most important thing while implementing the pre-employment SAP FICO (Financial Accounting & Controlling) Test in your hiring process is that it is an elimination tool, not a selection tool. In other words: you want to use the test to eliminate the candidates who do poorly on the test, not to select the candidates who come out at the top. While they are super valuable, pre-employment tests do not paint the entire picture of a candidate’s abilities, knowledge, and motivations. Multiple easy questions are more predictive of a candidate's ability than fewer hard questions. Harder questions are often "trick" based questions, which do not provide any meaningful signal about the candidate's skillset.

Science behind Adaface tests
Reason #6

1 click candidate invites

Email invites: You can send candidates an email invite to the SAP FICO (Financial Accounting & Controlling) Test from your dashboard by entering their email address.

Public link: You can create a public link for each test that you can share with candidates.

API or integrations: You can invite candidates directly from your ATS by using our pre-built integrations with popular ATS systems or building a custom integration with your in-house ATS.

invite candidates
Reason #7

Detailed scorecards & benchmarks

View sample scorecard
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Reason #8

High completion rate

Adaface tests are conversational, low-stress, and take just 25-40 mins to complete.

This is why Adaface has the highest test-completion rate (86%), which is more than 2x better than traditional assessments.

test completion rate
Reason #9

Advanced Proctoring


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About the SAP FICO Test (Financial Accounting & Controlling)

Why you should use SAP FICO Test (Financial Accounting & Controlling)?

The SAP FICO (Financial Accounting & Controlling) Test makes use of scenario-based questions to test for on-the-job skills as opposed to theoretical knowledge, ensuring that candidates who do well on this screening test have the relavant skills. The questions are designed to covered following on-the-job aspects:

  • Performing General Ledger accounting tasks
  • Managing Cost and Profit Centers
  • Utilizing the Accrual Engine functionality
  • Creating and maintaining Financial Statement Versions (FSVs)
  • Handling Asset Under Construction (AuC) accounting
  • Executing MIGO and MITO Transactions
  • Managing COPA Records
  • Implementing Make-to-Order (MTO) Process
  • Analyzing Financial Statements and reports
  • Configuring and maintaining SAP FI modules

Once the test is sent to a candidate, the candidate receives a link in email to take the test. For each candidate, you will receive a detailed report with skills breakdown and benchmarks to shortlist the top candidates from your pool.

What topics are covered in the SAP FICO Test (Financial Accounting & Controlling)?

  • General Ledger accounting

    This skill involves recording and managing financial transactions in the general ledger, which is the central repository for all financial data. It includes tasks such as journal entry preparation, account reconciliation, and financial statement preparation. This skill is measured in the test to assess the candidate's proficiency in fundamental accounting processes and their ability to accurately maintain financial records.

  • Cost & Profit Centers

    This skill pertains to the management of cost and profit centers within an organization. It involves tracking expenses, allocating costs, and analyzing profitability for different business units or segments. Measuring this skill in the test helps evaluate the candidate's knowledge of cost accounting principles and their ability to perform cost center accounting and profit center analysis efficiently.

  • Accrual Engine

    The accrual engine is a functionality in SAP FICO that automates the calculation and posting of accruals, which are adjustments made to recognize expenses and revenues that have occurred but have not yet been recorded in the accounting books. This skill is measured in the test to assess the candidate's proficiency in configuring and using the accrual engine to ensure accurate financial reporting and adherence to accounting standards.

  • Financial Statement Versions (FSVs)

    FSVs in SAP FICO are customizable templates used to define the structure and layout of financial statements. They allow businesses to present financial information in a format that meets specific reporting requirements. Measuring this skill in the test helps evaluate the candidate's ability to design and configure FSVs to generate accurate and comprehensive financial statements for analysis and reporting purposes.

  • Asset Under Construction (AuC)

    AuC refers to a category of assets that are currently being constructed or developed and are not yet ready for use. SAP FICO provides functionality to manage these assets, including tracking costs, capitalization, and depreciation. Measuring this skill in the test helps assess the candidate's understanding of AuC accounting processes and their ability to accurately record and manage assets under construction.

  • MIGO and MITO Transactions

    MIGO and MITO are transaction codes in SAP FICO that are used for goods receipt and goods issue processes, respectively. These transactions play a crucial role in inventory management and stock valuation. Measuring this skill in the test helps evaluate the candidate's proficiency in executing MIGO and MITO transactions and their understanding of the impact on financial accounting and controlling.

  • COPA Records

    COPA stands for Profitability Analysis and involves analyzing the profitability of products, customers, and markets within an organization. Measuring this skill in the test helps assess the candidate's knowledge of COPA functionality in SAP FICO and their capability to generate accurate profitability reports for decision-making purposes.

  • MTO Process

    MTO stands for Make to Order and refers to a production process where products are manufactured based on customer orders. SAP FICO covers various aspects of the MTO process, including sales order management, cost estimation, and revenue recognition. Measuring this skill in the test helps evaluate the candidate's understanding of the MTO process and their ability to handle financial accounting and controlling activities related to make-to-order scenarios.

  • Full list of covered topics

    The actual topics of the questions in the final test will depend on your job description and requirements. However, here's a list of topics you can expect the questions for SAP FICO (Financial Accounting & Controlling) Test to be based on.

    General Ledger accounting
    Chart of Accounts
    Account Determination
    Account Groups
    Document Types
    Document Posting
    Posting Periods
    Reversing Entries
    Cost & Profit Centers
    Cost Center Hierarchy
    Cost Center Planning
    Assessment and Distribution
    Internal Orders
    Internal Order Planning
    Internal Order Settlement
    Profitability Analysis
    COPA Data Structures
    Characteristics Derivation
    Value Fields
    Accrual Engine
    Accrual Posting Run
    Manual Accruals
    Financial Statement Versions (FSVs)
    Report Header
    Rows and Columns
    Display Variants
    Report Trees
    Asset Under Construction (AuC)
    AuC Creation
    Capitalization of Assets
    AuC Settlement
    MIGO Transactions
    Goods Receipt
    Goods Issue
    Return Delivery
    MITO Transactions
    Transfer Posting
    Stock Transfer
    Stock Transfer Order
    COPA Records
    Revenue Elements
    Cost Elements
    Characteristic Values
    MTO Process
    Sales Order Processing
    Sales Order Costs
    Billing Document Creation
    Delivery Costs
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What roles can I use the SAP FICO Test (Financial Accounting & Controlling) for?

  • Finance Specialist
  • SAP FICO Consultant
  • SAP FICO Analyst
  • SAP FI Analyst

How is the SAP FICO Test (Financial Accounting & Controlling) customized for senior candidates?

For intermediate/ experienced candidates, we customize the assessment questions to include advanced topics and increase the difficulty level of the questions. This might include adding questions on topics like

  • Applying knowledge of SAP CO modules
  • Utilizing SAP FICO integration with other modules
  • Applying knowledge of tax and regulatory requirements in accounting
  • Using SAP FICO for budgeting and planning
  • Applying principles of cost accounting
  • Analyzing profitability and cost allocation
  • Performing internal and external audits
  • Utilizing SAP FICO for cash flow management
  • Maintaining data integrity and performing reconciliations
  • Troubleshooting and resolving SAP FICO issues
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The hiring managers felt that through the technical questions that they asked during the panel interviews, they were able to tell which candidates had better scores, and differentiated with those who did not score as well. They are highly satisfied with the quality of candidates shortlisted with the Adaface screening.


85%
reduction in screening time

SAP FICO Test (Financial Accounting & Controlling) FAQs

Can I combine multiple skills into one custom assessment?

Yes, absolutely. Custom assessments are set up based on your job description, and will include questions on all must-have skills you specify. Here's a quick guide on how you can request a custom test.

Do you have any anti-cheating or proctoring features in place?

We have the following anti-cheating features in place:

  • Non-googleable questions
  • IP proctoring
  • Screen proctoring
  • Web proctoring
  • Webcam proctoring
  • Plagiarism detection
  • Secure browser
  • Copy paste protection

Read more about the proctoring features.

How do I interpret test scores?

The primary thing to keep in mind is that an assessment is an elimination tool, not a selection tool. A skills assessment is optimized to help you eliminate candidates who are not technically qualified for the role, it is not optimized to help you find the best candidate for the role. So the ideal way to use an assessment is to decide a threshold score (typically 55%, we help you benchmark) and invite all candidates who score above the threshold for the next rounds of interview.

What experience level can I use this test for?

Each Adaface assessment is customized to your job description/ ideal candidate persona (our subject matter experts will pick the right questions for your assessment from our library of 10000+ questions). This assessment can be customized for any experience level.

Does every candidate get the same questions?

Yes, it makes it much easier for you to compare candidates. Options for MCQ questions and the order of questions are randomized. We have anti-cheating/ proctoring features in place. In our enterprise plan, we also have the option to create multiple versions of the same assessment with questions of similar difficulty levels.

I'm a candidate. Can I try a practice test?

No. Unfortunately, we do not support practice tests at the moment. However, you can use our sample questions for practice.

What is the cost of using this test?

You can check out our pricing plans.

Can I get a free trial?

Yes, you can sign up for free and preview this test.

I just moved to a paid plan. How can I request a custom assessment?

Here is a quick guide on how to request a custom assessment on Adaface.

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40 min tests.
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