Organisational Units

1. A company has implemented CO and FI. What situations will trigger an FI posting from CO, if New GL is used? (3)

a. Transfer of costs from one functional area to another. b. Transfer of costs from cost centre of one company code to

another.c. Transfer of costs between two segments of the same company

code.d. Transfer of costs from one controlling area to another.

2. A company has cross company code controlling. It acquires a new company that requires reporting according to local legal regulations. What the company do? (1)

a. Create a country chart of account and assign to company codeb. Create a Country chart of accounts and assign to operational

chart of accounts.

3. For cross company code controlling, the company codes must satisfy the following. (2)a. They must use the same operational chart of accounts.b. They must use the fiscal variants having the number of posting

periods with the start and end date of each period being the same.

c. They must use the same country chart of accounts.d. They should not use the same operational chart of accounts.

New General Ledger accounting

4. If a company wants the profit centre to be updated in its ledgers which of these Scenarios should be assigned? (1)a. Cost Center updateb. Profit Center updatec. Business Area updated. Profit Center update and Segment update

Fiscal Year

5. A fiscal year variant contains (1)a. A maximum of 4 special periodsb. The start date of the periodsc. If a period is open or closed.

GL Account Master data

6. To use a GL account for a company code, you have to define (1)

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a. The Chart of account segment datab. Company code segment data

7. You transfer the balances from which type of account to a Retained Earnings account. (1)a. Balance Sheet accountb. Profit and loss account

8. Mention the order of priority for Field status? (1)a. Display, Required Entry, Optional, Hideb. Hide, Display, Required Entry, Optionalc. Optional, Hide, Display, Required Entry

9. You enter the Account type for reconciliation accounts in (1)a. The chart of account segmentb. The company code segment

10. If a GL account’s currency is local currency can you post the account in foreign currency? (Yes or No)

Profit centre and Segment

11. If you want to report based on segments what do you do (1)a. Implement New GL in your companyb. Assign Segments to Profit centrec. All of the above

12. Segmentation has been introduced to SAP since (1)a. SAP ECC 5.0b. SAP R/3

Customer / Vendor accounts

13. To post to a customer account you have to (1)a. Create General data and Company code datab. Create General data , Co code and Sales area segment data.

14. To prevent duplication of vendors you use (1)a. Match codesb. Vendor automatic duplication checkc. Master duplication check

15. For your business partners, when orders are placed locally and invoices are paid centrally, how is this reflected in SAP (1)a. Head office and Branch accounts

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b. Alternative Payer/Payeec. Sub company codes

16. A vendor account number is created at the (1)a. Client levelb. Company code level

Document structure17. A posting to a GL account was disallowed with the message

posting to account type S not possible. What are the factors that determine this? (2)a. Posting keyb. Document typec. Field status

Posting Periods18. When are periods open for all account types (1)

a. when there is a + in posting period variantb. when there is a * in posting period variant

19. The posting period variant is assigned to (1)a. Fiscal year variantb. Company code

Document splitting20.For document splitting to happen (1)

a. A transaction variant is selectedb. A splitting rule is defined

Document Reversal21.A wrong amount is posted in a document. What can you do to correct this. (2)

a. Post negative reversalb. Post normal reversalc. Change the amountd. Delete the document

Taxes22.What types of taxes are possible (2)

a. Country Levelb. Jurisdiction Levelc. District Level

Cross company code Transactions23.What are the various types of Cross co code transactions (2)

a. Central procurement

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b. Central paymentc. Central taxes

24.In central procurement, a vendor invoice is posted to company A for procurements for Company A and B. Which of these are true? (1)

a. Taxes is posted to company Ab. Tax is posted to Companies A and B in the proportion of

procurementc. No tax is postedd. Tax has to be calculated manually

Tolerance groups25.If the payment difference is outside of tolerances you can (2)

a. Post the payment as a partial payment b. Post the payment to another account with reason codes and

account determinationc. Add the difference to cash discount automatically

Cash Journal26.With cash journal you can post to (2)

a. Asset accountsb. Customer accountsc. Vendor Accounts

Debit balance check

27. When is debit balance check conducted (1)a. Before the payment proposalb. After the payment proposal

Dunning28. For each dunning procedure, to maintain dunning levels you define (3)

a. Maximum number of days to reach a dunning levelb. Dunning charges depending on the dunning levelc. If interest is to be calculatedd. Grace days for each dunning level

Payment terms29. A credit memo not related to an invoice is posted without

entering V in the invoice reference. Which of these are true? (1)a. The terms of payment in the credit memo are validb. The terms of payment in the credit memo are invalidc. You cannot use that credit memo for the business partner

Lock box

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30. The bank details of customers (1)a. Have to be input manuallyb. Can be updated by a batch input session

Automatic Payments31. In Automatic Payments: (4)

a. Sending Co Code and Paying Co Code can be the sameb. The company codes from which you make the payments need

not be in same countryc. You can make the payments sorted by Business Aread. Checks can be printede. Can make payments to Customers

Drilldown reporting32. What would you find in drilldown reporting (1)

a. Characteristics, Characteristic values and key figuresb. Key figures alonec. Report Painter

Foreign Currency valuation33. What would you do for valuation of foreign currency (2)

a. Define valuation method and valuation areab. Enter the valuation area in foreign currency valuation programc. Enter the valuation method in foreign currency valuation

program

Value Adjustments34. Flat Rate individual value adjustment refers to (2)

a. Making a General Ledger document for value adjustments manually

b. Making automatic adjustment entries by fixing a percentage on doubtfull receivables

c. Value adjustment key must assigned to customer/vendor

Regrouping 35. Regrouping (2)

a. It groups payables in balance sheet according their remaining lives

b. Adjustment postings to changed reconciliation accounts are made

c. No documents are created

Accrual Engine36. Accrual Engine supports (3)

a. Parallel accounting

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b. Creation of your own application component and plugged into SAP

c. Simulationsd. Automatic Periodic Postings

37. The purpose of account determination in accruals are (1)a. Determine document type, debit account, credit account.b. Determine debit account, credit account and amount.

Closing cockpit38. Some of the task types are (4)

a. Notesb. Programs with or without variantc. Flow definitiond. Online Transactione. Account types

Asset Accounting39. The cost accounting objects you can assign to an asset are

(2)a. Cost centreb. Internal order (real or statistical)c. GL Account

40.Depreciation area controls (1)a. Number ranges of assetb. Different valuations for an asset

41. Depreciation is affected by (2)a. Change in Useful life of assetb. Asset numberc. Depreciation key

42. The steps in Asset acquisition with MM integration (2)a. PRPOGRNInvoiceb. POGRNInvoicec. InvoiceGRN

43. The fiscal year change program (1)a. This can be started only in the last period of the current year.b. Has to be done only after the previous fiscal year is closed.

SAP list viewer44. Some of the functions of list viewer are (3)a.creation of totalsb. report -report interface

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c.creation of sub-totalsd. sorting and filtering

Special GL transactions45. The three types of handling special GL entries are (3)

a. Noted Itemsb. Accruals and Deferralsc. Automatic Offsetting entryd. Free Offsetting entrye. Manual Offsetting entry

Parking Documents46. Parking documents features (2)a.User defined document controlb. Principle of dual controlc.Workflow

Validation and Substitution47. A company has decided to change a cost centre and would

like to substitute the new cost centre if the old one is entered wrongly. What can they do? (1)a. Define a substitution with the entry of wrong cost number as

prerequisite and define a replacement with the new cost centreb. Define a validationc. Delete the document and reenter

Field Status in Document48. The field “Assignment” in your GL document can be made

mandatory when you post to a GL Account by: (2)a. setting Required in Posting Key and Optional in Field Status

group for that accountb. setting Optional in Posting Key and Required in Field Status

group for that accountc. setting Required in Posting Key and Suppress in Field Status

group for that accountd. setting Required in GL Account Master and Required in Posting

Key

Dunning49. For a customer to be considered for Dunning: (1)

a. you assign the dunning procedure to company code of customerb. you assign the dunning procedure to the customer in company

code segment of customer masterc. you assign the dunning procedure to the customer in general

data of customer masterd. the customer has to be a vendor

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Correspondence50. For a customer: (2)

a. you define the correspondence types and assign to the master record

b. you can print the correspondences during document entry, document display and periodically

c. Balance confirmation can be an example for periodic correspondence

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