fico interview questions set 001 to 016

ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTING

FI PAPER: 1

1. The length of G/L account number should be mentioned ina. G/L account groupsb. G/L accountc. Chart of accountsd. None of the above

2. The G/L account becomes a complete G/L accounta. if we have added the company code segment to chart of account segmentb. if we have created both company code segment and chart of account

segment centrallyc. if we have created chart of accountd. if we have copied the chart of account segment from other company code

3. If we are using the same chart of account in more than one company codea. the company code segments are same in all company codesb. the account name and account number is the same in all company codesc. the currency in company code segment in all company codes is the samed. the group account number is different in all company codes

4. The appearance of the company code segment of a G/L account is based on a. account group entered in the chart of account segmentb. group account number entered in chart of account segmentc. assignment of group chart of account in chart of accountd. none of the above

5. The appearance of an account master data is based ona. account numberb. field statusc. chart of accountd. none of the above

6. Creation of duplicate accounts in A/P can be prevented by usinga. the match code before creating the new accountb. sensitive dual controlc. switching on automatic duplication checkd. none of the above

7. Which of the following statements are true, when you are considering the major controls of document types

a. the account types allowed for postingsb. the field status of head text and reference numberc. posting keysd. none of the above

8. Which of the following statements are truea. posting keys are defined at client levelb. account types allow line item postings based on the posting keyc. field status definition ‘suppressed’ and ‘required’ cannot be combinedd. field status groups are examples of variant principle

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FI PAPER: 1

9. Which of the following are true if we are using the same posting period variant for several company codes

a. opening and closing of periods to be done for each company codeb. we cannot use the same posting period variant for several company codesc. we can maintain different special periods for each company code

10. Which of the following statements are truea. we can open two period ranges during the time of closing processb. based on the document date entry, system will determine the posting period

and fiscal yearc. if you display the balances of an account, the transaction figures for the

posting periods are displayed

11. By mentioning the base line date, cash discount periods, and cash discount percentage rate in payment terms, system will calculate

a. due date of the invoice and cash discountb. due date onlyc. cash discount onlyd. none of the above

12. Using the account clearing function, choose and match those existing open items from an account that balance to zero. The system marks them as cleared and creates a clearing document. The clearing document number and the clearing date is entered in the cleared open items. The clearing date can be the current date or a date that the user determines.

State whether this statement is true or false

13. Which of the following statements are truea. we cannot have separate cash journal for each currencyb. special general ledger indicators use the subsidiary ledger master records but

are connected to the general ledger via alternative reconciliation accountsc. a down payment request is a noted item. It does not change any account

balances. You can dun and pay automatically on the basis of down payment requests

14. The specifications for permitted payment differences can be found in both types of tolerance groups. They control the automatic posting of cash discount adjustments and unauthorized deductions.


15. All reconciliation accounts and all general ledger accounts with open item transactions in foreign currency must be assigned to the revenue/expense accounts for realized losses and gains.


16. R/3 system containsa. data base server onlyb. application server onlyc. presentation server onlyd. all of the above

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FI PAPER: 1

17. All data and programs are contained ina. application serverb. database serverc. none of the above

18. SAP business object consists of a. attributesb. methodsc. attributes and methodsd. none of the above

19. Maximum number of sessions a user can open when he logs on to SAPa. oneb. threec. fived. six

20. Fiscal year can bea. year dependentb. year independentc. both year dependent and year independent

21. Fiscal year which is a calendar year can havea. 12 normal periodsb. less than 12 normal periodsc. more than 12 normal periods

22. Shortened fiscal year can havea. 12 periodsb. more than 12 periodsc. less than 12 periodsd. should have less than 12 periods

23. Company code can havea. one local currency onlyb. two local currenciesc. any no. of local currenciesd. none of the above

24. Postings in a company code are done in G/L account ofa. consolidation chart of accountsb. operative chart of accountsc. country chart of accountsd. all of the above

25. Retained earnings account isa. specific to company codeb. specific to clientc. specific to chart of accountsd. none of the above

26. Which of the following statements is truea. company can use indirect exchange rate only

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FI PAPER: 1

b. company use direct exchange rate onlyc. company can use both direct and indirect exchange rates

27. State which of the following is true in relation to SAP featuresa. business areas are company code specificb. business areas are assigned to company codesc. business areas are used for reporting across company codesd. none of the above

28. Posting in a G/L account is controlled bya. account group of the G/L accountb. field status group in the chart of accounts segmentc. field status group in the company code segmentd. all of the above

29. Which of the following is truea. company code can have one retained earnings account onlyb. company code can have more than one retained earnings accountc. chart of accounts can have more than one retained earnings accountd. chart of accounts can have one retained earnings account onlye. none of the above

30. Which of the following is truea. account group controls the document field statusb. account group controls the number range of G/L accountsc. account group controls the master record field statusd. all of the above

31. Which of the following are correct with respect to your G/L account house bank name

a. the g/l account house bank name shall be the same as in the bank directoryb. the g/l account house bank name need not be the same as the bank’s name in

the bank directoryc. the g/l account house bank name is user-definabled. the g/l account house bank name is defined at the chart of account levele. the g/l account house bank name is modifiable at the company code segment

of the chart of accounts32. Your house bank number cannot be set to be defaulted from house bank keyState whether this statement is true or false33. The G/L account for a bank is linked to

a. a house bankb. many house banksc. one house bank p0lus one account idd. one house bank plus multiple account ids in the same banke. many house banks and many account ids

34. One bank account is mapped in SAP toa. account idb. house bankc. bank keyd. G/L accounte. Country plus bank key

KEY

1. C

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FI PAPER: 1

2. A3. B4. A5. D (ACCOUNT GROUP)6. A, C7. A, B8. A, C, D9. A-F, B-F, C-F10. A-T, B-F, C-T11. A12. T13. A-F, B-T, C-T14. T15. T16. D17. A,B18. C19. D20. C21. A22. D23. A24. B25. C26. C27. C28. C29. B,C30. C31. A-F, B-T, C-T, D-T, E-F32. T33. A,C34. A,B

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FI PAPER: 2

1. Every company code can have following combinations as chart of accounts (COA)a. one operating COA and many group COAsb. many operating COAs and one group and one alternate CoAc. one operating COA and one alternate COAd. one operating, one group and one alternate COA

2. Each G/L account code in group COA can be mapped to following no. of account codes in operating COA

a. only one account codeb. maximum three account codesc. many account codesd. it cannot be mapped

3. Each account code in alternate COA can be mapped to following no. of account codes in operating COA

a. only one account codeb. maximum three account codesc. many account codesd. it cannot be mapped

4. Various account groups in one COA cannot consist of common G/L account codes. TRUE/FALSE

5. Following fields form part of the chart of account segment of a general ledger account master

a. account currencyb. account groupc. field status groupd. option to state whether it is a balance sheet or profit and loss type account

6. Each account code in a chart of accounts is automatically available for use to all company codes using that chart of account TRUE/FALSE

7. Which of the following statements are always truea. one document type can have more than one no. range intervalb. different no. range codes can have same no. range intervals in respect of

documentsc. more than one document type can have same no. range intervalsd. document no. ranges are defined at client level

8. Which of the following statements are falsea. account groups are defined at client levelb. account groups are defined for a company codec. account groups are defined at COA leveld. account groups are defined for a combination of COA and company code

9. Which of the following statements are falsea. one customer/vendor account can have many reconciliation accountsb. reconciliation account can be used for the purpose of direct accounting entries

by usersc. all the account groups of customers can have one common no. ranged. one account group of vendors can have up to three no. ranges

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FI PAPER: 2

10. Which of the following statements are truea. one customer can have different customer codes in various company codesb. one customer can have different reconciliation accounts in various company

codesc. various company codes can have different payment terms with one customerd. chart of account segment is mandatory while entering a customer master

11. Which of the following statements are truea. for creation of vendor master, account group is not requiredb. a vendor master cannot be created in the absence of a company code

12. Customer master has following segmentsa. chart of account segmentb. general data segmentc. purchase organization segmentd. accounting data segmente. sales organization data segment

13. A document is uniquely identified bya. document no.b. company codec. fiscal yeard. document datee. period

a and e; a and b; a, b and c; a,d,e; a,b,e

14. Which of the following statements are correcta. document nos. can be alphanumericb. Field status for a transaction entry is transaction dependent and account

dependentc. Document type controls posting key, field status group, and gl accounts that

can be used in the documentd. Document types are specific to a company code

15. The relationship between house bank and account id is the followinga. one to oneb. one to manyc. many to oned. many to manye. no relationship

16. Business area once defined is available for use toa. all company codes in the clientb. all company codes in all the clientsc. only to the company codes to which the business area is assigned tod. all company codes assigned to the company to which the business area is

assigned

17. If a general ledger account is defined using a sample account, following data is referenced from the sample account

a. the control data in COA segmentb. only company code segment data

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FI PAPER: 2c. only account control and account management data in company code

segmentd. entire master data

18. While creating a sample account, following information may be entereda. only company code segment datab. only COA segment datac. both COA segment and company code segment datad. only account control and account management data from company code

segmente. only control data of COA segment

19. A G/L account can be blocked for the following purposesa. from creating in company codesb. from posting in all company codesc. from posting in selected company codesd. cannot be blocked at alle. if blocked, is blocked for all the purposes in all the company codes

20. A different field status can be achieved for different actions such as creation of account or change in master record, etc. TRUE/FALSE

21. Customer and vendors are defined in SAP at following levela. at company code levelb. at client levelc. at controlling area leveld. at company level

22. Which of the following is true in terms of vendor and customer mastera. various account groups can have same no. rangeb. one no. range can be allotted only to one account groupc. one account group can have only one no. ranged. one account group can have either external or internal numbering systeme. one account group can have one internal and one external numbering system

23. A customer account can be blocked for the following purposesa. from creating in company codesb. from posting in all company codesc. from posting in selected company codesd. cannot be blocked at alle. if blocked, is blocked for all the purposes in all the company codes

24. Changes in customer or vendor master are tracked and can be seen in SAP. TRUE/FALSE

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FI PAPER: 2

KEY1. C,D2. C3. A4. T5. B,D6. T7. A-F,B-F,C-T,D-F8. A-F,B-F,C-T,D-F9. A-F,B-F,C-T,D-F10. A-F,B-T,C-T,D-F11. A-F,B-T12. B,E13. C14. A-T,B-T,C-F,D-F15. A,B16. A17. B18. C19. A,B,C20. T21. B22. A,C,D23. B,C24. T

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FI PAPER: 3

1. Which of the statements on document principles are correct?a. each business event creates an accounting document in R/3b. a business event might trigger more than one document in R/3c. R/3 will link related documents in the system

2. In the payment process, automatic options to the users area. select open invoice to the paid or collected, and post payment documentsb. post payment documents and print payment mediac. select open invoices to be paid or collected, post payment documents and

print payment media

3. Which of the following are truea. any payment block can be removed in payment proposal editb. only line item payment block can be removed during the payment proposalc. items that cannot be paid are deleted in the exception list

4. Which of the statements on payment program are correcta. there are four steps in payment process: parameters, proposal program run,

printb. once the parameters have been specified, the print program is scheduled to

generate the print

5. Every run of the payment program is identified by two fields – run date and identification. TRUE/FALSE

6. Which of the following statements are truea. the run date is recommended to be the actual date when the program is

executedb. the field identification is used to run print program

7. Which of the following statements are truea. the G/L account name for house bank must match the names given to the

house bank in the bank directoryb. the G/L account names for house banks are user-definablec. the G/L account names for house banks could be the bank name and account

numberd. the G/L account names for house banks are defined in bank directorye. at company code level, G/L account names for house banks can be different

from those in chart of accounts

8. Which of the following statements are true in respect of payment program configuration in all company codes areas

a. sending company code and paying company codes are same alwaysb. by specifying the vendor/customer, special G/L transaction to be paid, we can

process specified special G/L transactions onlyc. by activating payment method supplements, we can print and sort payments

9. Which of the statements are true in respect to configuration of payment program, bank determination area

a. without ranking order, system will not process the paymentsb. bank payment methods combination is must to define ranking order

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FI PAPER: 3c. without maintaining the value date in bank selection, system will not process

the payments

10. If we are using check management, which of the statements is truea. define check lots in order to print checksb. check lots are used only for automatic payments

11. Say true or falsea. all company codes in the payment run parameters must be in the same

countryb. a payment method can only be used if it is entered in the account master

recordc. the payment proposal can only be edited, deleted and recreated as often as

desiredd. the exception list is a part of the payment proposal

12. Which of the statements are true when running the dunning programa. we can edit proposalb. we cannot delete the proposalc. we can recreate the proposal until the dunning clerk is satisfied with the resultd. after completing the dunning proposal list, dunning data is updated in the

master records of respective customer/ vendor

13. Which of the following statements are truea. one time accounts cannot be dunnedb. we can assign two dunning procedures to customer master recordsc. dunning procedure can process only standard transactionsd. interest can be posted at the time of dunning run

14. The maximum dunning levels can be defined in dunning procedure area. fourb. sixc. nine

15. An item whose days in arrears are smaller or identical to the grace periods, dunning program will consider for the dunning notice. TRUE/FALSE

16. What information does a dunning run change?a. the date of the ‘last dunning run’ in the customer master recordb. the dunning level in the customer master recordc. the dunning level in documents for which dunning notices are createdd. form (lay out set) specifications in the customer master record for the text in

the next dunning lettere. the dunning procedure in the customer master record for the next dunning run

17. Which of the statements are truea. we can calculate interest on G/L account under interest on arrears methodb. each interest id must be assigned an interest calculation typec. R/3 uses same interest calculation indicator for each combination of interest

variables, such as calculation frequency, calendar types, currency

18. Two steps to define financial statement versions area. enter it in the directory of financial statement versionb. define hierarchy levels and assign accounts

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FI PAPER: 3

19. Which of the following statements are falsea. we can not specify per dunning level that interest is to be calculatedb. we cannot print a dunning notice in a legal dunning procedure, although no

further account movements have occurred c. we can set a minimum amount for dunning charges on each dunning level

20. Which of the following statements are truea. a financial statement version consists of maximum 9 hierarchy levelsb. we cannot assign account group according to balancec. drill down reporting is a tool that enables to analyze sub-ledger transaction

amount

21. Individual value adjustment for doubtful receivables are possiblea. through special G/L transactionb. through normal transactionc. both of the above

22. Foreign currency valuation is possiblea. only for vendor/customer open itemsb. only balance sheet items (G/L items)c. both of the above

23. Which of the following statements are truea. when we are valuating open items without update for reversal of the

adjustment posting after key date, key user can define another posting date in place of keydate + 1

b. when we have regrouped the receivables/vendors, system carries out adjustment postings

c. allocating costs to financial accounting through external settlement, the G/L is updated online/real time

24. Depreciation postings can be executeda. through background processing (batch input session)b. direct FI postingsc. any one of the above

25. We cannot select individual business transactions for locking from a lsit of all the actual and plan business transactions. TRUE/FALSE

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FI PAPER: 3

KEY

1. A-F, B-T, C-T2. C3. A-F, B-F, C-T4. A5. T6. A-T, B-F7. A-F, B-T, C-T, D-F, E-F8. A-F, B-T, C-T9. A-T, B-T, C-F10. A-T, B-F11. A-T, B-F, C-T, D-T12. A-T, B-F, C-T, D-F13. A-F, B-F, C-F, D-F14. C15. F16. A,B,C17. A-F, B-T, C-F18. A19. A-F, B-F, C-T20. A-F, B-F, C-F21. A22. C23. A-T, B-T, C-T24. C25. F

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PAPER: 4

1. Account groups are used to control the following propertiesa. field status of transaction fieldsb. field status of master fieldsc. field status of master fields and number ranged. field status of master fields, number range and whether accounts are p&L ot

B/S

2. You can post transactions to an account in any currency only ifa. account currency is not maintainedb. account currency is same as local currency of the company code c. account currency is different from company code currencyd. under all circumstances

3. You can carry forward P&L account balances toa. Multiple retained earnings accounts, automatically b. Single retained earnings account, automaticallyc. Multiple retained earnings accounts, through period end processingd. Single retained earnings accounts, through period end processing

4. Default exchange rate picked up during FI document isa. exchange rate maintained for type ‘B’b. exchange rate maintained for type ‘M’c. exchange rate maintained for type ‘G’d. there is no default exchange rate type

5. You can clear open items only when they have samea. business area, amount, opposite dr/cr indicator and same entry in fields that

are configured for automatic clearingb. amount, opposite dr/cr indicatorc. business area, amount and opposite dr/cr indicatord. amount, opposite dr/cr indicator and same entry in fields that are configured

for automatic clearing

6. Foreign currency valuations on G/L accounts are performed on the following accounts

a. all accountsb. all accounts managed on open item basisc. all accounts managed on open item basis and all accounts with account

currency different from local currencyd. accounts managed on open item basis having foreign currency transactions

and all accounts with account currency different from local currency

7. You can display account balances of several related accounts througha. account groupsb. sort keyc. worklistsd. totals variant

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PAPER: 4

8. You run BA/PC adjustments fora. balancing BA level balance sheet for inter business area transactionsb. balancing company code level balance sheet for inter company transactionsc. posting adjustment entries for changed reconciliation accountsd. posting vendor/customer reclassification at business area level

9. Fast entry screens in FI are used to entera. customer and vendor line itemsb. G/L line itemsc. G/L, customer and vendor line itemsd. Invoice receipt against GR

10. Easily entered document entry templates are calleda. sample documentb. account assignment modelsc. worklistsd. recurring documents

11. Posting keys are used to decidea. dr/cr indicator, field status of transaction screen, account typesb. dr/cr indicator, account typesc. dr/cr indicator, field status of transaction screen, account types, special G/L

applicabilityd. dr/cr indicator, field status of transaction screen

12. How many parallel currencies are possible and at what level they are assigned?a. 2 local currencies, chart of accountb. 3 local currencies, chart of accountc. 2 local currencies, company coded. 3 local currencies, company code

13. Cross company code transactions are carried out between company codes 0001 and 0002 in the year 1999. The accounting document created for 0001 is 9800005210 and that for 0002 is 9800004236. This is created from company code 0001. The cross company code number generated is

a. 000198000052100001b. 980000423600020001c. 9800005210000199d. 9800004236000299

14. When you reverse a posted document, the document number must bea. internalb. externalc. internal or externald. manually assigned

15. Financial statements can be generated ina. local currencyb. document currencyc. controlling area currencyd. any currency for which customization is maintained

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PAPER: 4

16. The views maintained for vendor master data area. general data, company code datab. general data, company code data, purchasing datac. general data, company code data, business area datad. general data, company code data, business area data, plant data

17. Group key assigned to vendor master records control the followinga. it is a combination of up to three fields based on which open invoices are

selected for automatic paymentb. basis for grouping several vendors for balance displayc. basis for classifying vendors for standard reportingd. it is a combination of up to three fields based on which open invoices are

selected for manual payment

18. Posting through a special ledger indicator affectsa. the main reconciliation account of the vendor or customerb. the alternative reconciliation account mapped to the main reconciliation

account of the vendor/customerc. the alternative reconciliation account and the main reconciliation account of

the vendor/customerd. offsetting entry to the main reconciliation account of the vendor/customer

19. Check management with relation to outgoing payments is possible for open items for

a. vendorsb. vendors and customersc. vendors, customers and G/L accountsd. vendors and G/L accounts

20. If you do not want to enter a document with provision for updating the ledger on approval from authorized officials, you use the following functionality

a. parked documentb. sample documentc. account assignment modeld. recurring document

21. Accounting for down payment request involvesa. statistical itemsb. parked itemsc. noted itemsd. regular items

22. Business area is determined for accounting documents generated automatically from logistics modules are on the basis of

a. plant-division combinationb. plant-division-distribution channel combinationc. plant-sales area combinationd. plant-division combination and sales area

23. When you carry out regrouping through AR or AP, the following activities are performed

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PAPER: 4

a. reclassify where debtors have credit balance and vice versab. reclassify open items by remaining lifec. reclassify by changed reconciliation accountsd. all of the above

24. When you carry out automatic payment, bank through which payment is effected is based on

a. ranking order of house banksb. house banks maintained for specific business areasc. house banks entered in the parameters of the rund. ranking order and available balance in the accounts

25. Payment needs to be made against invoices with payment blocks created during invoice verification. Payment block can be removed by

a. release block in MMb. changing the field entry from the invoice documentc. by reallocating in the payment proposald. cannot be removed

26. In SAP, a bill of exchange receivable items is cleared duringa. discounting the billb. transfer posting with clearingc. reversal of contingent liabilityd. clearing against outstanding advances from the customers

27. In which of the following processes do the original invoices remain as open itemsa. residual paymentb. partial paymentc. charge off differenced. distribute difference

28. How do you assign credit terms while drawing a bill of exchange on your customer?

a. by assigning payment terms to bill of exchange itemb. by assigning due date to the bill of exchange itemc. by assigning payment term to invoice itemd. by assigning due date to invoice item

29. GR/IR account is managed on open item basis, and the indicator balance in LC only is ticked. During a GR, it is credited with $100 (exchange rae USD:INR = 1:40). At the time of invoice receipt, exchange rate is Rs.41 = $1, Uf ckearubg fir $100 is done for the GR/IR account, what is the foreign currency exchange rate posting?

a. cr Rs.100b. dr Rs.100c. cr $100d. no exchange rate posting

30. What are the different account types in SAP?a. customer, vendor, GLb. customer, vendor, GL, asset, materialc. customer, vendord. customer, vendor, asset

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PAPER: 4

31. When several organizational units carry out dunning within a single company code, the SAP entity used to distinguish and control the process is called

a. dunning procedureb. dunning keyc. dunning clerkd. dunning area

32. If you do not want to dun a vendor beyond a particular levela. use dunning key to limit the maximum levelb. use dunning block on the vendor masterc. use dunning clerk to block dunningd. use dunning block on the dunning procedure

33. If you want to chose a different set of fields in a vendor account line item display, you choose a different

a. sort variantb. totals variantc. line layoutd. additional fields

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PAPER: 4

KEY

1. C2. B3. C4. B5. A6. D7. C8. A9. B10. B11. C12. D13. C14. A15. D16. B17. A18. B19. B20. A21. C22. D23. D24. D25. A26. C27. B28. B29. D30. B31. D32. A33. C

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FI PAPER: 5

Please read the questions carefully. More than one choice could be correct in some questions. Specific hints have not been given. Please tick mark the correct choices. Mark ‘T’ of ‘F’ for true or false choices respectively.

1. Which of the following statements are correct with respect to business areaa. one business area can be used for many company codesb. business areas must be assigned to company code in the IMGc. they are used for internal P&L and balance sheetsd. a company code can have many business areas

2. Which of the following statements are correcta. a plant is assigned to only one company codeb. a company code must be assigned to one chart of accounts onlyc. a chart of accounts can be assigned to multiple company codesd. a plant can be assigned to many company codes

3. What are true with respect to business areaa. a company code can have many6. business areasb. a business area can be across company codesc. use of business area is not optional in R/3 systemd. balance sheets and profit and loss statements can be drawn up for business

areas

4. Which of the following statements may be false with respect to a business areaa. the use of business area is optionalb. a company code can have many business areasc. business area balance sheet will always balanced. none of the above

5. The standard delivery clients in a R/3 system area. client 000, 001 and 002b. testing client 777 and training client 999c. client 001, 000,002 and training client 999d. client 000 and 001e. client 001, 000 , testing client 777 and training 999

6. What are all the possible meanings of the word ‘client’ that have been useda. a customer implementing R/3 systemb. an individual PC in which batch inputs are done for uploading to SAP at a later

datec. the highest technical entity in R/3d. the data servere. the front end presentation PC which interacts with SAP system

7. The three tier in R/3 system is represented bya. client, customer and applicationb. data, user and applicationc. user, data base, programsd. presentation client, R/3 application and data basee. application, data base and customer of R/3

8. The entity in R/3 to provide financial statements and results at the lowest level isa. company

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FI PAPER: 5

b. company codec. controlling aread. plante. enterprise controlling

9. Which of the following statements is always false with respect to a company codea. a company code can have many plantsb. a company code can have many companiesc. a company code can be linked to only one controlling aread. a company code need not be linked to an operating concerne. a company code can have many sales organizations

10. Which of the following statements are always truea. a sales organization can be assigned to only one company codeb. a company can have many company codesc. a company must be linked to a controlling aread. a company code must always be assigned to a companye. an operating concern can indirectly contain only one company code

11. Which of the following entities are optional to implement the core financial module of R/3

a. operating concernb. controlling areac. business aread. plante. company code

12. The menu hierarchy in standard R/3 system isa. main menu, application menu and task menub. main menu, sub menu, task menu and help menuc. system menu, application menu and help menud. main menu, application menu and help menue. client menu, application menu and user menu

13. For a user with two user ids to the same SAP R/3 client, the maximum no. of sessions that could be open are

a. sixb. ninec. twelved. eighteene. twenty four

14. The order of fields as they appear during the log on to an R/3 system isa. client, user id, passwordb. language, client id, passwordc. client, user id, password, languaged. user id, client, password, language

15. Which of the following is not seen by the user normally in the status bar of the SAP screen

a. client number/idb. session number

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FI PAPER: 5

c. data server name/idd. user id/namee. information, error, and warming messages

16. A user has multiple sessions open and when open of the session is closed by the user

a. the system does not automatically save the data/information of the session being closed

b. system always prompts for saving the data in the session being closedc. system always automatically saves the data/information of the session being

closed without prompting’d. system prompts for saving the dta of the session being closed at the time of

user log-off from the system

17. Which of the following entities cannot be directly assigned to a company codea. companyb. business areac. controlling aread. functional areae. financial management area

18. ABAP stands fora. advances in business applications programmingb. applications in business and advanced programc. advanced business applications programmingd. advanced business for advanced programe. advantage in business applications programming

19. The configuration of the R/3 is done througha. the implementation guideb. the implementation assistantc. business navigatord. business engineere. sessions manager

20. The ASAP CD containsa. the implementation guideb. implementation assistantc. concept check toold. business navigatore. Q&A Db

21. Which of the following statements are true regarding ASAP – project preparation phase

a. the business blueprint document must be preparedb. enterprise scope area document must e prepared for initial project planningc. project plan must be preparedd. the project kick off meeting is very essential to involve all the key users and

project team members to communicate the objectives and mission of the project

e. technical requirements planning must be taken up

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FI PAPER: 5

22. Which of the following are true with respect business blueprint phasea. when customer inputs are updated on the Q&A db, there is a direct automatic

updation of the IMG for the business processes/components in scope to be customized

b. when the business processes are identified and updated in the system, a list of activities to be taken up in IMG for customization is generated

c. the standard reference model of R/3 system cannot be directly accessed from the Q&A db

d. business blueprint document shall be generated

23. Which of the following statements re true with respect to testing and quality reviews as recommended by SAP

a. he volume and stress test must be conducted on the same system in which user training is done

b. testing a tool which avoids retrospective changes and acts as an early warning system to correct the customization of business processes

c. the power (key) users shall not be involved in the testing process as it would hinder timely completion of the activity

d. there must be quality control of the first four stages before the ‘go-live’ phasee. external consultants must always carry out quality control

24. What are the three data types in SAPa. master data, transaction data, and balance datab. master data, table data, and user datac. master data, table data, and transaction datad. table data, user data and transaction datae. master data, table data and server data

25. Various company codes access a controlling area should havea. same currencyb. same fiscal year variantc. same chart of accountsd. same controlling organization structure

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FI PAPER: 5

KEY

1. A-T, B-F, C-T, D-T2. A-T, B-F, C-T, D-T3. A-T, B-T, C-F, D-T4. A-F, B-F, C-F, D-F5. A-F, B-F, C-F, D-T, E-F6. A-F, B-F, C-T, D-F, E-F7. A-F, B-F, C-F, D-T, E-F8. B9. B10. B11. C,D12. A13. C14. C15. .16. A17. B,D18. C19. A20. B,C,E21. B,C,D,E22. B,D23. B,C,D24. C25. C

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FI PAPER: 6

TRUE/FALSE in SAP R/3

1. While parking a document, a temporary document number is created2. When we cancel/delete the parked document, another number is created3. Number range in FI are at company code level strictly and year dependant4. Which of the following are correct: a) resetting of cleared items creates more

entries in the system; b) resetting of cleared items reinstates the original entries and clears the clearing entry; c) resetting of cleared entries will not do anything; d) for reversal of check payment document with clearing, resetting is a must

5. We cannot create G/L account only for chart of accounts, implying there is no company code data.

6. GR/IR clearing has to be done only manually7. SAP can pay only to vendors8. Payment advice is a note of approval and cannot be used in payment of

vendors9. Credit management in SAP always refers to one customer, and has got no

separate master data of amount limits10. Creating of bank master is always at a country level11. If the address of a company code needs to be changed, then, a) one needs to

go to enterprise structure and at definitions, change the address; b) one has to go financial accounting global settings, and change the address; c) one needs to go to financial accounting – company code – global parameters, and change the address

12. Is it possible to book a vendor invoice – 30% due in 30 days, 50% due in 15 days and 20% after a year?

13. Customer wants some standard texts to be maintained and noted which will be selected b y the users while entering G/L line items. Is it possible to give this option in SAP?

14. Customer wants a warning message to be given to all users, when they post to previous year at the year-end. Is it possible?

15. In India, a Gujarat surcharge is passed at central level and is customized. But the condition was that it is valid only up to 31-3-2002. Is it possible to customize this?

16. As per customer requirements, different document types were created. Now he wants to get it automated while doing transactions like invoice and credit memo for vendor and customer. Is it possible?

17. Bank has debited the cash credit account interest and mentioned same in the bank statement. Can it be posted through bank reconciliation statement entry or does it need a separate journal entry to be passed?

18. SAP first posts to G/L, and then to sub ledgers

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FI PAPER: 6

KEY 1. F2. F3. F4. A-F, B-T, C-F, D-T5. F6. F7. F8. F9. F10. F11. A-FC B-F, C-T12. T13. T14. T15. T16. T17. T18. F

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FI PAPER: 7

1. What are the three elements (servers) of R/3 system?2. All the data and programs are stored in_____________ server in R/33. What is long form of BAPI?4. BAPI is assigned to one and only one business object. TRUE/FALSE5. What are the five milestones in ASAP methodology?6. What are the new dimension products of SAP in cooperative business

scenario?7. What are the two major elements of mySAP.com?8. To delete the current session, _______________ command is used9. You can find transaction code for the function you are working in under

________ option of __________ menu10. ________ key is used for help on fields, menus, functions, messages11. User specific settings are done in ____________ option of ___________ menu12. Highest level element of all organizational units is the _________13. _______________ area is business unit where cost accounting is carried out in

SAP14. Business areas are company code dependent. TRUE/FALSE15. Company code is ____ character __________16. One chart of account cannot be assigned to more than one company code.

TRUE/FALSE17. Fiscal year variant can be of two types. Name them18. In case of non-calendar fiscal year, annual displacement indicator is used.

TRUE/FALSE19. ___________ & ________ are two segments of a chart of account20. In case of G/L account, number ranges are attached to G/L account.

TRUE/FALSE21. _________ chart of accounts is used for consolidation22. Vendor account is defined at _________ level23. More than one plants can be attached to a single company code. TRUE/FALSE24. Purchasing is done by ____________ organization for a ___________25. What are the three steps for standard procedure for posting procurement

transactions in FI?26. _____________ is central organizational structure in profitability analysis27. One company code may contain several sales organizations. TRUE/FALSE28. Receivables and revenues are posted when ___________ document is created in

sales and distribution module29. ____________ is the main criteria for defining an asset30. ____________ are used to keep more than one valuation basis for depreciation31. More than one cash journal can have the same cash account TRUE/FALSE32. ______________________ are two elements of an SAP FI document33. Document number range can be ____________ and __________34. In case of ___________ number range, same document number will be taken for

new fiscal year35. One number range can be assigned to several document types. TRUE/FALSE36. One document type can have more than one number range. TRUE/FALSE37. Posting keys are defined at __________level38. A field status within an FI document is controlled by three factors. Name them.39. Several company codes can use the same posting period variant. TRUE/FALSE40. ___________ is the date from which the due date is derived41. If customer invoice is created in SD, then payment terms from __________

segment will be defaulted42. ____________ posting is one of the methods of document reversal43. While posting a parked document, document number is changed. TRUE/FALSE

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FI PAPER: 7

44. Validations are performed before substitution. TRUE/FALSE45. You can close a fiscal year even if you have parked documents. TRUE/FALSE46. All R/3 applications and functions process exchange rates using ______ and

_______ quotation47. _____________ keys contain further specifications for account assignment in tax

calculation procedure48. Base amount is either _____ or ________ item49. Tax code contains the ________50. Reconciliation account type for vendor is ____ and customer is ____51. If an account is managed with open items, then ___________ must be activated52. In consolidation, company codes are attached to __________ and business

areas are attached to ______________

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FI PAPER: 7

KEY

1. PRESENTATION SERVER, APPLICATION SERVER, DATABASE SERVER2. DATABASE3. BUSINESS APPLICATION PROGRAMMING INTERFACE4. FALSE5. PROJECT PREPARATION, BUSINESS BLUEPRINT, REALISATION, FINAL

PREPARATION, GOLIVE AND SUPPORT, CONTINUOUS DEVELOPMENT6. BW, CRM, APO, B2B, SCM, KW7. MARKET PLACE, WORK PLACE8. /n9. SYSTEM10. f111. USER PROFILE SYSTEM12. CLIENT13. CONTROLLING AREA14. FALSE15. 4, ALPHANUMERIC16. FALSE17. YEAR DEPENDENT, YEAR INDEPENDENT18. TRUE19. COMPANY CODE, COA20. FALSE21. GROUP22. CLIENT23. TRUE24. PURCHASING ORGANIZATION, PLANT25. PURCHASE ORDER, GOODS RECEIPT, INVOICE VERIFICATION26. OPERATING CONCERN27. TRUE28. BILLING29. ASSET CLASS30. DEPRECIATION AREAS31. TRUE32. DOCUMENT HEADER AND DOCUMENT LINE ITEMS33. INTERNAL, EXTERNAL34. YEAR DEPENDENT35. TRUE36. FALSE37. CLIENT38. ACCOUNT GROUP, POSTING KEY, G/L ACCOUNT LEVEL39. TRUE40. BASELINE41. SALES AREA42. NEGATIVE43. FALSE44. TRUE45. FALSE46. DIRECT, INDIRECT47. ACCOUNT/PROCESS48. EXPENSE, REVENUE49. TAX RATE50. K, D

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FI PAPER: 7

51. LINE ITEM DISPLAY52. COMPANY, CONSLIDATION BUSINESS AREA

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FI PAPER: 8

1. Which of these statements on document principles are correct?a. R/3 can assign the document numbers alwaysb. A business event triggers only one document within R/3c. Each business event creates an accounting document within R/3d. R/3 will link related documents in the system

2. In the payment process, automatic options to the users area. select open invoices to be paid/collected, post payment documentb. post payment documents/print payment mediac. select open invoices to be paid or collected, post payment document, print

payment media

3. Which of the following are true. a. any payment block can be removed in payment proposal editb. only line item payment block is removed during the payment proposalc. items that cannot be paid are detailed in the exception list

4. Which of these statements on payment program are correcta. there are four steps in payment process, viz., parameters, proposal, program,


generate payment media

5. Every run of the payment program is identified by two fieldsa. run dateb. identification

6. Which of the following statements are truea. The run date is recommended to be the actual date when the program is

executedb. The field identification is used to run print program

7. Which of the following statements are correcta. the G/L account name for house banks must match the names given to the

house bank in the bank directoryb. the G/L account names for house banks are user definablec. the G/L account names for house banks could be the bank name and account

numberd. the G/L account names for house banks are defined in bank directorye. at company code level, G/L account names for house banks can be different

from those in chart of account

8. Which of the following statements are true in respect to payment program configuration in all codes area

a. sending company code and paying company code are same alwaysb. by specifying the vendor/customer special G/L transaction to be paid, we can

process specified special G/L transaction onlyc. by activating payment method supplement, we can print and sort payments

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FI PAPER: 8

9. Which of the statements are true in respect to configuration of payment program bank determination area

a. without ranking order, system will not process the paymentb. bank/payment method combination is must to define ranking orderc. without maintaining the value date in bank selection, system will not process

the payment

10. If we are using check management, which of the statements is truea. define check lots in order to print checksb. check lots are used only for automatic payments

11. True/falsea. all company codes in the payment run parameters must be in the same

countryb. a payment method can only be used if it is entered in the account master

recordc. the payment proposal can only be edited, deleted and recreated as often as

desiredd. the exception list is a part of the payment proposal

12. When running the dunning programa. we can edit proposalb. we cannot delete the proposalc. we can recreate the proposal until the dunning clerk is satisfied with the resultd. after completing the dunning proposal list, dunning data is updated in master

records

13. Which of the following statements are truea. one time accounts cannot be dunnedb. we can assign two dunning procedures to customer master recordsc. dunning procedure can process only standard transactionsd. interest can be posted at the time of dunning

14. The maximum dunning level can be defined in the dunning procedure isa. fourb. sixc. nine

15. An item whose days in arrears are smaller or identical to the grace periods, dunning program will consider for the dunning notice. TRUE/FALSE

16. Which of the following statements are falsea. we cannot specify per dunning level that interest is to be calculatedb. we cannot print a dunning notice in a legal dunning procedure, although no

further account movements have occurredc. we can set a minimum amount for the dunning charges on each dunning level

17. What information does a dunning run change?a. the date of the last dunning run in the customer master recordb. the dunning level in the customer master recordc. the dunning level in documents for which dunning notices are createdd. from (layout set) specifications in the customer master record for the text in


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FI PAPER: 8

18. Which of these statements are truea. we can calculate interest on G/L accounts under interest on arrears methodb. each interest id must be assigned on interest calculation type

19. Two steps to define financial statement versions area. enter it in the directory of financial statement versionb. define hierarchy levels and assign accounts

20. Which of the following statements are truea. a financial statement version consist of maximum 9 hierarchy levelsb. we cannot assign account group according to balancec. drill down report is a tool that enables to analyze sub ledger transaction

figures only

21. Individual value adjustment for doubtful receivables are possiblea. through special G/L transactionsb. through normal transactionsc. both of the above

22. Foreign currency valuation is possiblea. only vendor/customer open itemsb. only balance sheet itemsc. both of the above

23. Which of the statements are truea. when we are valuating open items without update for reversal of the

adjustment posting after key date, user can define another posting date in place of key date +1

b. when we have regrouped the receivables/vendors, system carries out adjustment postings

c. allocating costs to financial accounting through external settlement, the G/L is updated online/realtime

24. Depreciation posting can be executeda. through batch input sessionb. direct FI postingsc. any one of the above

25. To set up the financial statement version in your company, maximum limit is 9. TRUE/FALSE

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FI PAPER: 8

KEY

1. A-T, B-F, C-F, D-T2. A-T, B-T, C-T3. A-T, B-T, C-T4. A-T, B-F5. A-T, B-T6. A-T, B-F7. A-F, B-T, C-T, D-F, E-F8. A-F, B-T, C-T9. A-F, B-T, C-F10. A-T, B-F11. A-T, B-F, C-T, D-T12. A-T, B-F, C-T, D-F13. A-F, B-F, C-F, D-F14. A-F, B-F, C-T15. FALSE16. A-F, B-F, C-T17. A-T, B-T, C-T, D-F, E-F18. A-F, B-T19. A-T, B-T20. A-F, B-T, C-F21. A-T, B-F, C-F22. A-T, B-T, C-T23. A-T, B-T, C-T24. A-T, B-T, C-T25. FALSE

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FI PAPER: 9

TRUE/FALSE1. G/L master record is always for all company codes in the system2. currency is a required field entry while creating G/L master3. we cannot control the postings to the G/L by way of tax codes entry for a G/L

account4. tax codes are created and operated at country level5. tax codes are created at company code level6. tax codes are time dependant7. jurisdiction codes are not used at all while creating tax codes8. in AP and AR, account group cannot be created with external number ange9. reconciliation account definitions are available in general data of vendor

master10. reconciliation account definitions are available in payment data of general

data in customer master11. payment terms are company code dependent12. it is not possible to calculate the due date on fixed dates like end of month

with days calculation13. SAP cannot automate the payment method entry into the vendor invoice entry

screen14. all special G/L transactions are posted to G/L accounts15. it is possible to get the report of customers created by a user in a company

code16. clearing does not create any document 17. payment cannot be made by adjusting a special G/L transaction which is

posted in G/L18. partial payment creates another entry without any link to the original entry19. down payment creates another entry without any link to the original entry20. residual payment creates another entry keeping all entries open21. it is not possible to use two check series for making payment22. it is not possible to void unused checks23. reversal of voided checks is a standard functionality of SAP24. it is not possible to show the checks with a value range and issued by a user25. it is not possible to create a due date for a down payment26. SAP does not allow bill of exchange accounting27. payment request clears the entries in AP and AR28. posting key is linked to field status in FI posting29. payment to anybody by passing a G/L entry without AP/AR is a standard

functionality of SAP30. we cannot create manual checks for payment to business partners and update

in the system31. bank statement entry into the SAP does the automatic clearing32. through bank statement entry, we can enter the entries like bank debits for

bank charges, commission, etc. which will make a direct posting into the G/L33. chart of accounts view of G/L account keeps the data like general data in

customer account – common data34. whenever an FI entry is made, we want document header text to be a

mandatory entry. Customizing is available in G/L master and field status groups

35. it is not possible to see document currency and company code currency at the same time during document display option

36. document date, posting date, value date, base line date, system date and due date in the entry screen of customer/vendor invoice are the same

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FI PAPER: 9

37. it is possible to define the standard translation method of foreign currency in the posting key

38. system allows you to enter the date interval – from and to- in case of foreign currency translation rates

39. it is user definition whether SAP will control the open item selection40. it is a real problem in SAP-in financial statement version we are not able to

find the G/L accounts which are not assigned41. MIS reports based on financial books like ratios can be done through financial

statement version42. all FI entries will be repeated in CO module also43. physical inventory is a MM/PP module transaction and hence no accounting

entry is passed in G/L but real stock is adjusted in MM/PP44. payment to vendor of a specific bill cannot be blocked in SAP45. customer makes multiple checks for one invoice, and hands it over to the

company which is running with SAP with all modules. It is not possible to enter in SAP by keeping all the check details and updating against one invoice

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FI PAPER: 9

KEY

1. F2. T3. F4. T5. F6. T7. F8. F9. F10. F11. F12. F13. F14. T15. T16. F17. F18. T19. T20. F21. F22. F23. T24. F25. F26. F27. F28. T29. F30. F31. T32. T33. F34. F35. F36. F37. F38. F39. T40. F41. F42. F43. F44. F45. F

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FI PAPER: 10

1. Every company code can have the following combination of Chart of Accounts (COA)(Y) (N) One operating COA and one group COA and one alternate COA(Y) (N) One operating COA and no group COA and one alternate COA(Y) (N) One operating COA and one group COA and no alternate COA(Y) (N) One operating COA and one alternate COA(Y) (N) One operating COA and one group COA(Y) (N) One operating COA and many group COA(Y) (N) One operating COA and no group COA and no alternate COA

2. Each G/L Account in Group COA can be mapped to the following no. of account code in Operating COA(Y) (N) Is mapped to Operating Chart of Account (Y) (N) It is not mapped to Operating G/L Account Number(Y) (N) Only one Operating G/L Account Number(Y) (N) The relationship is many To one

3. Various Account Groups in one COA cannot consist of common G/L Account Codes.(Y) (N)

4. Following fields form a part of COA segment of a general ledger account master(Y) (N) Currency of the G/L Account(Y) (N) Account Group of the Sub Ledger(Y) (N) Field Status Group of the G/L Account(Y) (N) Option to state whether it is a B/S or P&L Account Type(Y) (N) G/L Account Name & Description (Y) (N) Group Chart of Account(Y) (N) House Bank of the G/L account

5. Each Account Code in a COA is automatically available for use to all company codes using that COA(Y) (N)

6. Which of the following statements are true with respect G/L Number Ranges(Y) (N) G/L Number Ranges are defined at Client Level(Y) (N) Number Ranges of G/L Account Groups can overlap(Y) (N) To G/L accounts can have the same number as long as they belong to

different Account Groups

7. Which of the following statements are true with respect to documents(Y) (N) One document type can have more than one number range interval(Y) (N) Different number range codes can have the same number range intervals(Y) (N) Document No. range are defined at chart of account level

8. Which of the following statements are true with respect to Account groups(Y) (N) G/L & AR/AP Account groups are defined at Client level(Y) (N) G/L & AR/AP Account groups are defined at company code level(Y) (N) G/L Account groups are defined at the Chart of Account level

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FI PAPER: 10

9. Which of the following statements are false with respect to reconciliation account(Y) (N) One Customer account can have many normal reconciliation accounts (Y) (N) Reconciliation A/C can be used for direct accounting entries(Y) (N) Reconciliation A/C are G/L Accounts

10. Which of the following statements are true with respect to account groups(Y) (N) The Account Group is a required entry in the G/L COA Segment(Y) (N) The Account Group is a required entry in the AR General Segment(Y) (N) All the Account Groups of customers can have one common number range

11. Which of the following statement is true with respect to customer account(Y) (N) One customer can have different customer codes in various company codes(Y) (N) Company codes following the same chart of accounts must have the same

reconciliation account for the same customer(Y) (N) Various company codes can have different payment terms with one customer(Y) (N) Group Account Number is mandatory while entering a customer master

12. Which of the following statement is true(Y) (N) For creation of vendor master account group is optional(Y) (N) General Date Segment of the Vendor master can be used across (Y) (N) company codes within a client(Y) (N) Purchase organization segment of the same Vendor can be different for different

company codes

13. Customer Master has the following Segments(Y) (N) Chart of account segment(Y) (N) General data segment(Y) (N) Purchase Organization segment(Y) (N) Accounting data (company code) segment(Y) (N) Sales Area Segment

14. A Document is uniquely identified by a combination of(Y) (N) Document Header /Posting key(Y) (N) Posting Date/Document Number/Company Code

15. Which of the following statements are true(Y) (N) Document Numbers can be alphanumeric(Y) (N) Field Status of Transaction entry is Activity dependent & Account dependent(Y) (N) Document Type controls Field Status Group and G/L accounts that can

be used in the document.(Y) (N) Document Types are defined at the Chart of Account Level

16. The relationship between House Banks and Account ID is the following(Y) (N) One to One(Y) (N) One to Many(Y) (N) Many to Many

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FI PAPER: 10

17. Business Area once defined is available for use to(Y) (N) All company codes where BA Financial Statements are enabled(Y) (N) Only the company code to which BA is assigned to

18. A G/L account can be blocked for the following purposes(Y) (N) From creating in company code(Y) (N) From posting in all company codes(Y) (N) From posting in selected company codes(Y) (N) Cannot be blocked(Y) (N) If blocked, is blocked for all the purposes in all the company codes

19. A different field status can be achieved for different actions such as creation of account or change in master records. (Y) (N)

20. Chart of Accounts is the list of G/L Account. A G/L account is ready for input if COA is assigned to company code(Y) (N)

21. The field “Field Status Variant” in the company code segment of the G/L Master can be suppressed(Y) (N)

22. Which of the following entities can be assigned numbers both internally & externally (Y) (N) G/L Account(Y) (N) Vendor(Y) (N) Customer(Y) (N) Document Type

23. The chart of account is maintained at(Y) (N) Group Level(Y) (N) Company code Level(Y) (N) Client Level(Y) (N) Country Level(Y) (N) Group Chart of Account Level

24. A document number range is assigned to each document type. Document number ranges are defined at company code level.(Y) (N)

25. Which of the statements are correct(Y) (N) A House Bank and Account ID can be linked to one bank key(Y) (N) A House Bank and Account ID can be linked to many bank key(Y) (N) Many House Banks and Many Account ID can be linked to one bankkey

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FI PAPER: 10

(Y) (N) A House Bank can contain many account Ids which are represented through Individual bank account numbers

26. Filed status of the line item can be controlled through Posting Key & Filed Status Group in G/L Account. Thus the Filed Status of “Amount” “Posting key” and “Account”can be suppressed (Y) (N)

27. Which of the following is/are true(Y) (N) The bank key of your house bank cannot be the bank key of your customer(Y) (N) The bank key of your customer cannot be used as your house bank’s bank key(Y) (N) The bank key of your vendors may be same as your house bank’s bank key(Y) (N) The bank key of your customer is entered through customizing

28. You cannot make a financial entry if filed status variant is not assigned to company code(Y) (N) 29. The G/L account for a bank is linked to(Y) (N) A House bank(Y) (N) Many House banks(Y) (N) One House Bank plus one Account ID (Y) (N) One house Bank + multiple account IDs different House Banks(Y) (N) One house Bank + multiple account IDs in the same bank(Y) (N) Many house banks and many account Ids

30. One Bank Account is mapped in SAP(Y) (N) Account ID(Y) (N) House Bank(Y) (N) Bank Key(Y) (N) G/L Account(Y) (N) Country + Bank Key

31. The G/L Account Number is controlled through(Y) (N) In G/L Account group(Y) (N) Chart of account(Y) (N) Field Status(Y) (N) None of the above

32. The G/L account becomes a complete G/L account(Y) (N) If we have added the company code to the chart of account (Y) (N) If we have created both company code segment and chart of account segment(Y) (N) If we have created chart of account(Y) (N) If we have copied the chart of account segment from another company code

33. If we are using the same chart of account in more than one company code(Y) (N) The company code segments are same in all company codes

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FI PAPER: 10

(Y) (N) The account name and account number is the same in all company codes(Y) (N) The currency in the company code segment in all company codes is the same(Y) (N) The group account number & the alternate Account Number can be

different in all company codes34. The appearance of the company code segment of G/L account is based on(Y) (N) The Account Group of Customer if it’s a reconciliation account(Y) (N) The Posting Key (Y) (N) Account group entered in the chart of account segment(Y) (N) Group account number entered in the chart of account segment(Y) (N) The Field Status Group in the G/L Master Record

35. Creation of Duplicate Accounts in AP can be prevented(Y) (N) By using the match code before creating the new account(Y) (N) By using sensitive dual control(Y) (N) By switching on automatic duplication check

36. Major controls of Document Type include(Y) (N) The Account Types allowed for posting(Y) (N) The field status of header “text” & “reference numbers”(Y) (N) The Posting Period (Y) (N) Posting Keys

37. Which of the following statements are true(Y) (N) Posting Keys are defined at the client level(Y) (N) The account types allowed in line item posting based on posting key(Y) (N) The field status definition “suppressed” & “required” cannot be combined

38. Which of the following are true if we are using the same posting period variant for several companies codes(Y) (N) The same fiscal year variant has to be used to use same posting period variant (Y) (N) While Opening & Closing of periods of all company codes can be done

together his can also be done separately for each company codes as long as

the definition and number of posting periods is same.

39. Which of the following statement is true(Y) (N) We can open two period ranges during the time of closing process(Y) (N) Document entry date determines the posting period and fiscal year(Y) (N) If you display the balances of an account the transaction figures of the posting

period are displayed.

40. By mentioning the baseline date, cash discount periods and cash discount percentage rate in the payment terms system will

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FI PAPER: 10

(Y) (N) Post the due date of invoice while posting the invoice(Y) (N) Calculate the due date of the invoice and cash discount (Y) (N) Calculate Cash discount in the payment term

41. When using the account clearing function the system chooses and matches those existing items from the account that balances to 0. The system marks them as cleared and creates a clearing document. (Y) (N)

42.Which of the following statements is true(Y) (N) We cannot have a separate cash journal for each currency(Y) (N) Special G/L indicators use the subsidiary ledger master records but are

connected to the general ledger via alternative reconciliation account(Y) (N) A Down payment request is a noted item. It does not change any account

balances. You can dun and pay automatically using down payment requests

43. The specifications of permitted payment differences can be found in both types of tolerance groups. They control the automatic posting of cash discount adjustments and unauthorized deductions(Y) (N)

44. In Document header the reference field and the document header text are modifiable. (Y) (N)

45. All Reconciliation accounts and all general ledger accounts with open item transactions in foreign currency must be assigned to the revenue/expense accounts for realized losses and gains(Y) (N)

46. Terms of payment are defaulted from master records when you post a document. Terms of Payment cannot be assigned at the time of posting the document or Entered manually if they are not assigned to the master record(Y) (N)

47. R/3 system contains(Y) (N) Database server only(Y) (N) Application server only(Y) (N) Presentation server only(Y) (N) None of the above(Y) (N) All of the above

48. Maximum Number of sessions a users can open when he logs on to SAP(Y) (N) One (Y) (N) Two(Y) (N) Six(Y) (N) Ten(Y) (N) “N”

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FI PAPER: 10

49. Fiscal Year can be(Y) (N) Year Dependent(Y) (N) Year Independent (Y) (N) Year Dependent & Year Independent

50. Fiscal year which is calendar year can have(Y) (N) 12 Normal periods(Y) (N) Less than 12 Normal periods(Y) (N) More than 12 Normal periods(Y) (N) User defined51. Company code can have (Y) (N) One local currency only(Y) (N) Two local currencies(Y) (N) Any Number of Local currencies if they have been defined in the system52. Posting in a company code are done in the G/L Account of(Y) (N) Consolidated (Group) Chart of account(Y) (N) Operative Chart of Account(Y) (N) Country (alternate) Chart of Account(Y) (N) All of the above(Y) (N) None of the above

53. Retained Earnings Account is (Y) (N) Specific to the Company code(Y) (N) Specific to the Client(Y) (N) Specific to the Chart of Account(Y) (N) All of the above

54. Which of the following statement is true(Y) (N) Company can use indirect exchange rate only(Y) (N) Company can use direct exchange rate only(Y) (N) Company can use both direct & indirect exchange rate

55. Which of the following statement is true(Y) (N) Business areas are company code specific(Y) (N) Business areas are assigned to assigned to company codes (Y) (N) Business areas are assigned to assigned to group(Y) (N) Business areas are activated and used for reporting across company codes(Y) (N) None of the above

56. No Terms of payment are proposed when you post a credit memo, you can default them from original invoice by entering the document number in the invoice reference field else enter “V” in the invoice reference field so that terms of payment entered in credit memo are valid. (Y) (N)

57. Payments can be blocked in during posting, in the customer/vendor master record or in terms of payment.(Y) (N)

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FI PAPER: 10

58. A block key and payment method from payment term is defaulted in the line item when payment term is used.(Y) (N)

59. Posting in a G/L account is controlled by(Y) (N) Account group for the G/L account(Y) (N) The Activity Type for the document(Y) (N) Field status group in the company code segment(Y) (N) All of the above

60. Which of the following is true(Y) (N) Chart of account can have more than one retained earning account(Y) (N) Chart of account can have one retained earning account only(Y) (N) None of the above

61. Which of the following is true(Y) (N) Account group control the document field status(Y) (N) Account group control the number range of G/L A/c(Y) (N) Account group control the master record field status in AR/AP(Y) (N) All of the above

62. The vendor master contains data at(Y) (N) General, Company code and Purchasing organization level(Y) (N) Chart of Account level, Company code & Purchasing organization level(Y) (N) Chart of Account level, Company code & Sales organization level(Y) (N) General, Company code and Sales organization level

63. Posting using the special G/L indicator updates(Y) (N) Sub-ledgers only(Y) (N) G/L account only(Y) (N) Both Sub-ledger and G/L account(Y) (N) None of the above

64. The document date(Y) (N) Has to be same as the posting date(Y) (N) Must be in the same period as the posting date(Y) (N) Can be in any period independent of the posting date

65. Vendor invoice can be entered in(Y) (N) FI module only(Y) (N) MM module only(Y) (N) FI & MM modules(Y) (N) FI, MM & SD modules

66. When the automatic clearing program is executed the base documents are(Y) (N) Parked & Cleared in the system(Y) (N) Posted and Cleared in the system(Y) (N) Posted and Archived in the system(Y) (N) Cleared in the system(Y) (N) None of the above

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FI PAPER: 10

67. You can enter terms of payment in the company code segment or sales area/purchasing organization segment. The payment term defaulted depend on where the invoice is posted. The system does not check if the two are the same.(Y) (N)

68. Where can the vendor master be created(Y) (N) Centrally only(Y) (N) In the MM module only(Y) (N) In the FI module only(Y) (N) Any of the above

69. A residual item posting in the vendor’s account (Y) (N) Generates a new line item(Y) (N) Reduces the value in the original invoice line item(Y) (N) Reverses the original line item(Y) (N) Generates a parking document70. What is the maximum possible digit length of an internally generated vendor number(Y) (N) 6(Y) (N) 10(Y) (N) 12(Y) (N) 18(Y) (N) No limits

71. House Bank Ids can be (Y) (N) Alphabets only(Y) (N) Numeric only(Y) (N) Alpha-numeric only(Y) (N) Any of the above

72. Posting to an expense account normally needs(Y) (N) A cost object assignment(Y) (N) A revenue object assignment(Y) (N) Either a cost or a revenue object assignment(Y) (N) None of the above assignments

73. The customer master contains data at(Y) (N) General, Company code and Purchasing organization level(Y) (N) Chart of Account level, Company code & Purchasing organization level(Y) (N) Chart of Account level, Company code & Sales organization level(Y) (N) General, Company code and Sales organization level

74. When posting to a one time vendor or customer(Y) (N) It is not possible to store the address details(Y) (N) The address details have to be entered into the master before the

transaction is entered(Y) (N) The address details are entered as part of the transaction(Y) (N) None of the above

75. Which of the following sequence of creating a customer master account is logically correct(Y) (N) G/L, Bank, Customer

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FI PAPER: 10

(Y) (N) G/L, Customer, Bank(Y) (N) Customer, G/L, Bank(Y) (N) Any of the above

76. A down payment request makes(Y) (N) A noted item posting in the vendor account(Y) (N) An actual entry in the customer account(Y) (N) A noted item posting in the customer account(Y) (N) An actual entry in the vendor account(Y) (N) An actual entry in the G/L account(Y) (N) A noted entry in the G/L account

77. Where can a customer master be created(Y) (N) Centrally only(Y) (N) In the SD module only(Y) (N) In the FI module only(Y) (N) Any of the above78. Incoming Payments(Y) (N) Can post and clear vendor line items(Y) (N) Can post and clear customer line items(Y) (N) Can be cleared without posting(Y) (N) Can be posted without clearing(Y) (N) Can post, clear and reverse the base invoice(Y) (N) None of the above

79. What is the maximum possible digit length of an internally generated customer number(Y) (N) 6(Y) (N) 10(Y) (N) 18(Y) (N) 24

80. Which field on the customer master record controls whether we will accept an incoming payment for less than the amount invoiced(Y) (N) Sort Key(Y) (N) Tolerance Group(Y) (N) Payment Term(Y) (N) Payment Method(Y) (N) Bank Key

81. What are the organizational entities for which the P&L and B/s can be generated(Y) (N) Company Code & Business Area(Y) (N) Company Code & Profit Center(Y) (N) Company Code & Cost Center(Y) (N) Profit Center & Business Area(Y) (N) All the above

82. Which of the following statement is true(Y) (N) One company code can use multiple chart of accounts(Y) (N) One Chart of account can be used by multiple company codes(Y) (N) One company code can use only one chart of accounts(Y) (N) One chart of account can be used by only one company

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FI PAPER: 10

83. Which of the following fields can be changed in the document change mode(Y) (N) Allocation(Y) (N) Posting Date(Y) (N) Document Date(Y) (N) G/L Account Number

84. When a document is parked(Y) (N) A temporary document number is generated and the document is not posted(Y) (N) The actual document number is generated and the document is not posted (Y) (N) The document is posted with a temporary document number(Y) (N) The document is posted but can be reversed

85. What is the number of periods available in the calendar year(Y) (N) 12(Y) (N) 14(Y) (N) 16(Y) (N) 52(Y) (N) 366

86. What is the maximum number of line items allowed in an accounting document(Y) (N) 2(Y) (N) 6(Y) (N) 10(Y) (N) 999

87. Which of the following statement is true(Y) (N) One document type can use only one number range(Y) (N) One document type can use multiple number ranges(Y) (N) One number range cannot be used by multiple document types

88. What is the maximum possible length of a G/L account(Y) (N) 6(Y) (N) 10(Y) (N) 18(Y) (N) 999

89. The fields available for posting in a transaction are controlled through the field status group at(Y) (N) Posting key level only(Y) (N) Posting key and G/L account level(Y) (N) G/L account level only(Y) (N) None of the above

90. A parked document can be(Y) (N) Modified(Y) (N) Deleted(Y) (N) Posted(Y) (N) All of the above

91. When is the business area level balance sheet self-balanced

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FI PAPER: 10

(Y) (N) Always(Y) (N) It cannot be balanced(Y) (N) When Business Area closing procedure is run(Y) (N) When MM/PP/SD closing is completed

92. Which of the following statement is true(Y) (N) Any accounting document can be reversed(Y) (N) Only parked documents can be reversed(Y) (N) Only cleared documents can be revered(Y) (N) Once a document is posted it cannot be reversed

93. A transaction can span(Y) (N) Multiple clients(Y) (N) Multiple company codes(Y) (N) Multiple business areas(Y) (N) Multiple cost centers(Y) (N) All of the above(Y) (N) Only multiple company codes

94. The currency for a document is determined for(Y) (N) The whole document(Y) (N) Each line item(Y) (N) Each Company code(Y) (N) None of the above

95. The document currency(Y) (N) Can be any currency(Y) (N) Must be company code currency(Y) (N) Must be same currency as the chart of account(Y) (N) Must be the currency defined in the G/L master

96. The local currency of a transaction(Y) (N) Can be entered by the user(Y) (N) Is always the company code currency(Y) (N) Is the currency of the chart of accounts(Y) (N) Is determined by the country field in the customer/vendor master

97. What dictates whether a document line item requires a tax code(Y) (N) Tax code in the vendor/customer master record(Y) (N) Tax category in the G/L master(Y) (N) Optional entry in every transaction(Y) (N) None of the above

98. What sort key is used to sort line items by document currency amount(Y) (N) 001(Y) (N) 003(Y) (N) 005(Y) (N) 006

99. What is meant by the option open item management in the G/L account mater record(Y) (N) The items on the account are always open

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FI PAPER: 10

(Y) (N) The items on the account can never be cleared(Y) (N) The items on the account can be cleared(Y) (N) No balances are available for the account

100. What is meant by the option line item display in a G/L account master record(Y) (N) Only the line items can be displayed(Y) (N) Only balances can be displayed(Y) (N) Line items and balances can be displayed(Y) (N) Line items of reconciliation account are displayed(Y) (N) None of the above

101. The sequence of business processes in MM can be described as(Y) (N) Purchase requisition-MRP-Goods Receipt-Invoice-Payment(Y) (N) Purchase requisition-Purchase order-Goods Receipt-Invoice

verification-Vendor Payment(Y) (N) Purchase requisition-Purchase order-Invoice verification-

Vendor Payment(Y) (N) Purchase requisition-Purchase order-Goods Receipt-Invoice

verification-Discount from Vendor-Vendor payment 102. It is must to create company code before any transaction processing in SAP(Y) (N) True(Y) (N) False(Y) (N) Can’t Say

103. It is must to create company code before any transaction processing in SAP(Y) (N) True(Y) (N) False(Y) (N) Can’t Say

104. Company codes & Business Area are legal entity for which you create B/s(Y) (N) True(Y) (N) False(Y) (N) Can’t Say

105. Group is the highest level organization unit in R/3(Y) (N) True(Y) (N) False(Y) (N) Can’t Say

106. The user specific defaults are possible if setting is done in (Y) (N) User profile(Y) (N) Company code parameters(Y) (N) Session managers(Y) (N) Terminal

107. Variant creation helps(Y) (N) Calculating variance between actual & standard(Y) (N) Processing repetitive transactions(Y) (N) To copy repetitive field values in master creation(Y) (N) To be standard selection criteria for repetitive use required to run program

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108. Association between numbers from Group chart of account and country chart of account can be established in (Y) (N) Company code global parameters(Y) (N) Master data of ledger a/c in operating chart of account(Y) (N) Group company details(Y) (N) Country details

109. For every transaction in SAP, system generates at least(Y) (N) 4 documents(Y) (N) 3 documents(Y) (N) 2 documents(Y) (N) 1 document

110. Document in SAP have the following sections(Y) (N) Document Title & Line Items(Y) (N) Document Header & Line Items(Y) (N) Master Data & Transaction Data111. Document Type is assigned to the Line Item section of document(Y) (N) True(Y) (N) False(Y) (N) Can’t Say

112. Number Range ID is assigned to account type(Y) (N) Document Type(Y) (N) Account type(Y) (N) Document Header(Y) (N) Line Item

113. Document type allows more than one account types while processing the particular document type(Y) (N)

114. Following are account types(Y) (N) A D M K S(Y) (N) C D A M K(Y) (N) S D M K T(Y) (N) A D S K E

115. Document Numbers Can be(Y) (N) System Generated(Y) (N) User Defined(Y) (N) Either System generated or User defined(Y) (N) Can be created externally and internally at the same time

116. Posting key determines(Y) (N) Account groups to which account numbers belong(Y) (N) Debit/Credit, Account type and Field Status of the transaction(Y) (N) Debit/Credit, Account group and Field Status of the transaction(Y) (N) Debit/Credit, Account type and Field Status Group(Y) (N) Debit/Credit, Document type & Field Status of the transaction

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117. Only one company code can be attached to posting period variant(Y) (N) True(Y) (N) False(Y) (N) Can’t Say

118. Account type essentially controls (Y) (N) Account type which can be assigned to the account code(Y) (N) Which account – G/L, Customer, Vendor, Material or Asset can

be used in the line item of transaction posting(Y) (N) Whether it has to be debit/credit posting(Y) (N) Document type that can be sued

119. Account Group in context of G/L account determines status of fields in(Y) (N) Transaction(Y) (N) Chart of Account Segment(Y) (N) Company Code Segment(Y) (N) Does not control field status

120. For Negative posting, negative posting indicator needs to be checked (Y) (N) In document type(Y) (N) In company code global parameters(Y) (N) In Reason Code properties(Y) (N) In document type & company code global parameters(Y) (N) In document type & Reason Code(Y) (N) In document type & company code global parameters & reason code

121. Terms of payment can be assigned in (Y) (N) G/L Master(Y) (N) Customer or Vendor Master(Y) (N) Transaction processing of Customer & Vendor Master(Y) (N) None of the above

122.Baseline date is(Y) (N) A date on which payment becomes due(Y) (N) From which due date is calculated depending on the setting in payment terms(Y) (N) A base date after which document lapses(Y) (N) None of the above

123. Due Date and cash discounts are dependent on(Y) (N) Settings in company code(Y) (N) Credit Management settings(Y) (N) Payment Terms(Y) (N) Payment Method

124. Currency assigned to company code master is(Y) (N) Transaction currency(Y) (N) Group currency

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FI PAPER: 10

(Y) (N) Local currency

125. Dunning process is used(Y) (N) To make outgoing payments and clear documents(Y) (N) To remind customers/vendor of account arrears(Y) (N) To remit payments

126. Opening and closing of posting period is done (Y) (N) In the customization of fiscal year(Y) (N) In Special posting period(Y) (N) In the Last normal posting period(Y) (N) In customization related to opening and closing of posting period(Y) (N) While defining posting period variant

127. Updating of Reconciliation account(Y) (N) Happens at the end of the posting period (Y) (N) Is run time update(Y) (N) Happens only when closing a period(Y) (N) Can be scheduled by the users

128. Posting key is defined at(Y) (N) Document level(Y) (N) Company code Level(Y) (N) Chart of Account Level(Y) (N) Client Level

129. Document Type is defined at (Y) (N) Document level(Y) (N) Company code Level(Y) (N) Chart of Account Level(Y) (N) Client Level

130. The Standard posting key used for G/L postings(Y) (N) 40(Y) (N) 19(Y) (N) 39(Y) (N) 31(Y) (N) 1(Y) (N) 50

131. In case of cross company code transactions (Y) (N) One has to post two documents individually(Y) (N) Posts document in once company and the system generates another

document in concerned company with common link of cross company code transaction number

(Y) (N) System links documents based on user given number in cross-company

code transaction field(Y) (N) None of the above

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FI PAPER: 11

The settings for Automatic Payment Program you make settings for automatic outgoing payments to be processed by the payment program.

1. By assigning Paying company code to each company code you can have one company code process payment transactions centrally for several company codes.

a. Trueb. False

2. You can group payments using payment method supplements and therefore, for example, control the sending of checks.

a. Trueb. False

3. You cannot make down payments with the payment program and pay with bills of exchange

a. Trueb. False

4. You can specify the minimum amount for which an incoming or outgoing payment is created for the Paying Company Code?

a. Trueb. False

5. You can optimize by bank groups. This happens even if banks in the master records are not assigned to a bank group defined by you.

a. Trueb. False

6. If you optimize by postal codes, the house bank selection is determined by the business partner's domicile. If you select the "Optimization by postal codes" field, you can go directly to the activity for assigning house banks to an interval of postal codes.

a. Trueb. False

7. When processing a payment proposal, you can remove all payment blocking indicators from items or enter them for items.

a. Trueb. False

8. Automatic payment run uses document type specified in Payment Method/ Country for posting the payment. Standard Posting keys are used to post the payment and cannot be changed?

a. Trueb. False

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FI PAPER: 11

You can use the dunning program to dun both customers and vendors. Answer the following questions on Dunning?

9. The individual dunning areas within one company code can use different procedures or the same dunning procedure.

a. Trueb. False

10. The dunning area can be entered at the line item levela. Trueb. False

11. With the dunning keys, you can limit the dunning level for the Customer Master Record

a. Trueb. False

12, The Dunning Block key can be entered in an item or in the account of a business partner.

a. Trueb. False

13, Master Data reckrd Dunning Blocks need to be manually removeda. Trueb. False

14. In dunning procedure you can select which customers within for which company codes to include in dunning. All Customers need not be selected?

a. Trueb. False

15. You can also set the dunning level at which you want to list all due items from an account in the dunning notice.

a. Trueb. False

16. Dunning procedures are company code independent.a. Trueb. False

17. Interest Rates Entered in Dunning specify which interest rate is to be used for debit or credit balances

a. Trueb. False

Financial Accounting Closing Process 18. A valuation method represents a group of specifications that you require for balance and item valuation. Valuation methods can be defaulted from Master Records to Line Items

a. Trueb. False

19. When valuating open items the system posts to a balance sheet adjustment account and to an account for exchange rate differences determined during the valuation?

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FI PAPER: 11

a. Trueb. False

20. You can differentiate the accounts by currency. Exchange gains and losses are then posted to the accounts designated for the currency involved. If you do not want to differentiate the accounts by currency, you require an entry with the currency "blank" (this is the default value). The "exchange rate differences" key in the company code-dependent part of the G/L accounts must also be empty.

a. Trueb. False

21. The goods receipt/invoice receipt (GR/IR) clearing account is posted to whenever you receive goods that have not been invoiced yet or whenever you receive invoices for goods that have not been delivered yet.

a. Trueb. False

22. You define the versions you need to create a balance sheet and profit and loss statement In FSV besides G/L Accounts you can assign functional area intervals at the lowest level of the structure, instead of account intervals?

a. Trueb. False

To set up a cash journal, select the activity Cash Journal in Customizing for Banking-Related Accounting under Business Transactions.

23. For Setting up Cash Journal you need to create a G/L account, for the cash journal in the required company code

a. Trueb. False

24. Several Cash Journals can be created in a company code but you need a unique G/l account for Cash Journal maintained in each currency

a. Trueb. False

25. You have to define a number range interval for cash journal documents within G/L Accounting.

a. Trueb. False

26. While Setting up Tax code in Cash Journal you can only make entries in this field for accounting transaction types E and R

a. Trueb. False

27. In order to print the cash journal and the cash journal receipts, you have to set up the corresponding print program parameters per company code.

a. Trueb. False

28. he Controlling Module and FI module can use Different Chart of Accounts as long as G/L are mapped to respective Cost Elements

a. Trueb. False

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FI PAPER: 11

29. A group COA can be assigned to the Alternate chart of account which is assigned to the company Code

a. Trueb. False

30. The filed status for filed status group can in “display” transaction can only be display or hidden.

a. Trueb. False

31. For document types with external number ranges, you have to define an individual reverse document type because the system can make automatic reverse entries only in document types that have internal number assignment.

a. Trueb. False

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ACADEMY: FINANCIAL ACCOUNTINGFI PAPER - 12

1. Company codes attached to the same controlling area havea. same operational COAb. same country COAc. same group COAd. different operational COA

2. every transaction results in a document a. partially trueb. completely truec. completely false

3. the field status of the text field in the header of a document is controlled by’a. account typeb. document typec. field status groupd. posting key

4. which of the statements are truea. SAP supports a maximum of 999 line itemsb. SAP supports a minimum of 1 line item (except for noted item)c. The transaction figures in a document need to match

5. Cross company posting is possible for companies with different COAa. Completely trueb. Completely false

6. Reconciliation accounts are updated on a daily basisa. completely trueb. partially falsec. completely false

7. the field status of the field group account number in the G/L master is controlled by the account group

a. completely trueb. partially truec. completely false

8. the field status of the fields in the company code data are controlled bya. account groupb. account typec. transaction/activity typed. chart of accounts

9. the rates of tax is defined in the account keya. partially trueb. completely truec. completely false

10. the alternative account number is a free flowing fielda. partially trueb. completely truec. completely false

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11. ‘set data’ sets the dcata permanently in the system, whereas the hold data function does it till the session is on

a. partially trueb. completely truec. completely false

12. when the same field has both a validation rule and a substitution rulea. It causes an errorb. validation takes priorityc. substitution takes priorityd. the rule that was created first takes priority

13. the cross company code transaction number is taken from its document typea. completely trueb. partially falsec. completely false

14. for every G/L account, a primary cost element needs to be created immediately if the company code is assigned to a controlling area


15. a fiscal year that is a same as a calendar year needs a year dependent fiscal year variant


16. many business areas can be assigned to one company codea. completely trueb. partially falsec. completely false

17. every company code can have only one cash journala. completely trueb. partially falsec. completely false

18. every line item of a document needs to have a unique posting keya. completely trueb. partially falsec. completely false

19. the document number range for reconciliation accounts can have external numbering

a. completely trueb. partially falsec. completely false

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20. if business area balance sheets are enabled for a company code, then the field business area in the account assignment screen can be

a. suppressedb. optionalc. displayd. required

21. field status groups are created at the client levela. completely trueb. partially falsec. completely false

22. there can be any number of posting periods open for a company codea. partially trueb. completely truec. completely false

23. posting periods can be closed automatically by giving a deadline datea. completely trueb. partially falsec. completely false

24. keeping posting period for account type + open allowsa. creating a document header for the posting periodb. creating all line items for the posting periodc. creating line items for account types which have been assigned to +d. creating line items for account types whose posting period is open

25. a vendor invoice needs a GR to be posteda. completely trueb. partially truec. completely false

26. for getting the transaction figures for an account line item display needs to be activated


27. all line item display accounts need to be open item manageda. completely trueb. partially falsec. completely false

28. documents cannot be reverseda. if the company code does not allow negative postingsb. if document type does not allow negative postingsc. if the document type does not have a reversal document type attached to itd. if no reversal reason is created and assigned

29. base line date is

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a. the document dateb. posting datec. entry dated. all of the abovee. any of the above

30. base currency is assigned to the company codea. completely trueb. partially falsec. completely false

31. tax calculation rules are controlled bya. condition typesb. account keyc. tax coded. tax procedures

32. every company code must havea. operational COAb. a country COAc. a group COAd. at least two COAs

33. the account group must be for P&L items for accounts which are P&L accountsa. completely trueb. partially falsec. completely false

34. every house bank needs to have at least one account ida. completely trueb. partially falsec. completely false

35. bank G/L accounts are assigned to house banks, and all accounts under the house bank have the same G/L account

a. partially trueb. completely truec. partially falsed. completely false

36. the user can create his own transactions types for cash journal business transactions


37. noted itemsa. create only one line itemb. need to be identified in the special G/L transaction type as a noted itemc. are always available for credit control

38. which of the following statements are truea. special G/L items post into a separate reconciliation accountb. the reconciliation account for the special G/L transactions is defined per

company codec. statistical postings create only one line item

KEY

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1. A,C2. B3. B4. A,C5. A6. C7. C8. A,C9. C10. A11. A12. C13. C14. C15. C16. C17. C18. C19. C20. C21. C22. B23. C24. A25. C26. C27. C28. D29. E30. C31. D32. A33. C34. A35. D36. C37. A,B38. A

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ACADEMY: FINANCIAL ACCOUNTINGFI PAPER – 13

1. The vendor master contains data at a. general, company code and purchasing organization levelsb. general level onlyc. company code onlyd. general and purchasing organization levels only

2. posting using the special G/L indicator updatesa. sub ledger onlyb. sub ledger and the general ledger accountsc. general ledger account onlyd. none of the above

3. the automatic payment program can be run fora. vendor accounts only customer accounts onlyb. vendor and customer accountsc. all of the above

4. the document datea. must be in the same period as the posting dateb. must be in a period higher than the posting datec. must be in a period lesser than the posting dated. can be in any period independent of the posting date

5. vendor invoices can be entered ina. FI module onlyb. MM module onlyc. FI & MM modulesd. FI, MM and SD modules

6. When the automatic clearing program is executed, the base documents area. cleared and deleted from the systemb. cleared, deleted and archived from the systemc. cleared in the systemd. none of the above

7. where can the vendor master be createda. centrallyb. in the MM module onlyc. in the FI module onlyd. all of the above

8. which of the following posting keys is relevant for accounting bills of exchange of a vendor

a. 11b. 21c. 39d. 19

9. which of the following are valid additional account assignmentsa. projectb. allocationc. payment termd. none of the above

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10. a residual item posting in the vendor’s accounta. generates a new line itemb. reduces the value in the original invoice line itemc. reverses the original line itemd. generates a parking document

11. what is the maximum permissible length of an internally generated vendor number

a. 6b. 10c. 12d. 18

12. house bank ids can bea. alphabets onlyb. numeric onlyc. alpha numericd. any of the above

13. posting to an expense account needsa. cost object assignmentb. a cost and revenue object assignmentc. revenue object assignmentd. none of the above

14. the customer master contains data ata. general, company code and sales organization levelsb. general level onlyc. company code onlyd. general and sales organization levels only

15. in the standard system the posting key 25 refers toa. credit to customer accountb. debit to customer accountc. debit to vendor account d. credit to vendor account

16. the dunning program can be configured fora. sending reminder letters onlyb. sending reminder letters and creating debt provisionsc. creating debt provisions onlyd. any of the above

17. when posting to a one time vendor or customera. it is not possible to store the address detailsb. the address details have to be entered into the master before the transaction

is enteredc. the address details are entered as a part of the transactiond. none of the above

18. which of the following sequences of creating master accounts is logically correcta. G/L, bank, customerb. Bank, customer, G/Lc. Customer, G/L, bankd. None of the above

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19. A down payment request makesa. a noted item posting in the vendor or customer accountsb. an actual entry in the customer accountsc. an actual entry in the vendor accountsd. an actual entry in vendor and customer accounts

20. where can the customer master be createda. in the SD moduleb. in the FI modulec. centrallyd. any of the above

21. which of the following posting keys is relevant for accounting guarantees received from a customer

a. 01b. 05c. 09d. 19

22. which of the following posting keys is relevant for accounting guarantees given to a customer

a. 01b. 05c. 09d. 19

23. which of the following posting keys is relevant for accounting bills of exchange of a customer

a. 01b. 05c. 09d. 19

24. interest calculation can be done fora. vendor accountsb. customer accounts c. G/L accountsd. All of the above

25. Incoming paymentsa. can post and clear vendor and customer line itemsb. can clear without postingc. can post, clear and delete the base invoicesd. none of the above

26. what is the maximum possible length of an internally generated customer number

a. 6b. 10c. 18d. 24

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27. what field on the customer master record controls whether we will accept an incoming payment for less than the amount invoiced

a. sort keyb. tolerance groupc. payment methodd. bank key

28. what are the organizational entities for which the profit and loss statement and balance sheet can be generated

a. company code and business areab. company code and profit centerc. profit center and business aread. cost center and profit center

29. which of the following statements is truea. one company code can use multiple chart of accountsb. one chart of accounts can be used by multiple company codesc. one chart of accounts can contain only one chart of accounts

30. which of the following fields can be changed in the document change modea. allocationb. posting datec. document dated. G/L account no\

31. When a document is parkeda. the actual document number is generated but the document is not postedb. a temporary document number is generated but the document is not postedc. the document is posted with the actual document numberd. the document is posted with a temporary document number account number

32. what is the no. of periods available in a fiscal yeara. 12b. 14c. 16d. 52

33. what is the maximum no. of line items allowed in an accounting documenta. 2b. 50c. 100d. 999

34. which of the following statements is truea. one document type can use only one number rangeb. one document type can use multiple number rangesc. one account can be posted to by only one number ranged. one number range cannot be used by multiple document types

35. what is the maximum permissible length of a G/L account numbera. 6b. 8c. 10d. 18

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36. the fields available for posting in a transaction are controlled through the field status group at

a. posting key level onlyb. posting key and G/L account levelsc. G/L account level onlyd. None of the above

37. a parked document can bea. modifiedb. deletedc. postedd. all of the above

38. when is the business area level balance sheet self balanceda. alwaysb. neverc. when the business area clearing closing procedure is rund. when the materials management period closing is completed

39. what is the number of sub levels at which accounts can be grouped in the financial statements version

a. 3b. 6c. 9d. 12

40. which of the following is truea. any accounting document can be reversedb. only documents posted through the parking method can be reversedc. only documents with external numbering can be reversedd. only documents with internal numbering can be reversed

41. a transaction can spana. multiple company codesb. multiple business areasc. multiple cost centersd. all of the above

42. the currency for a document is determined fora. the whole documentb. each line itemc. a group of line itemsd. none of the above

43. the document currencya. can be any currencyb. must be the company code currencyc. is the currency of the chart of accountsd. must be the currency defined in the G/L master

44. the local currency of a transactiona. can be entered by the user

5


b. is always the company code currencyc. is the currency of the chart of accounts’d. is determined by the country field in the customer/vendor masters

45. what dictates whether a document line item requires a tax codea. tax code in the vendor/customer mastersb. tax category in the G/L masterc. optional entry in every transactiond. none of the above

46. what sort key is used to sort line items by document currency amounta. 001b. 003c. 005d. 006

47. an account with automatic posting only indicator can be posted froma. FI module onlyb. Specific modules other than FIc. CO module onlyd. HR & PP modules only

48. What is meant by the option open items management in a G/L account master record

a. items on that account can never be clearedb. items on that account can be clearedc. no balances are available for that accountd. none of the above

49. what is meant by the option line item display in a G/L account master recorda. only line items can be displayedb. only balances can be displayedc. line items and balances can be displayedd. none of the above

50. the automatic payment programa. generates payment orders onlyb. generates payment orders and accounting transactionsc. generates accounting transactions onlyd. none of the above

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KEY

1. A2. B3. A,B,C,D4. D5. C6. C7. A,B,C,D8. C9. A10. A11. B12. D13. A14. A15. C16. A17. C18. A19. A20. D21. D22. C23. C24. D25. A26. B27. B28. A,B,C29. B30. A31. A32. C33. D34. A35. C36. B37. A, B,C,,D38. C39. D40. A41. D42. A43. A44. B45. B46. D47. B48. B49. A50. B

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1. Benefits of integration area. processes can be done concurrently, rather than consecutively. This reduces

process timeb. data moves through internet platform and access becomes fasterc. eliminates duplicate entriesd. single entry accounting becomes easier

2. R/3 is called so becausea. it requires three serversb. it integrates three basic modules, viz., FI, logistics and HRc. it has three tier architecture representing database, application and front end

presentationd. it has three tier architecture representing GUI, BAPI and RCF

3. application modules supported by R/3 includea. FI, CO, TR, SD,MM, PP, PM,QM,HR,PS,WF,ISb. FI,CO,TR,SD,MM,PP,PM,QM,HR,PS,WF,IS,ECc. FI,CO,TR,SD,MM,PP,PM,QM,HR,PS,WF,IS,EC,CCPC,CPPAd. FI,CO,TR,SD,MM,PP,PM,QM,HR

4. In standard business process of a manufacturing organization a sales order would trigger in another application

a. MPSb. MRPc. Purchase requisitiond. Goods delivery

5. Main components of FI area. GL,AR,AA,LC,TRb. GL,AR,AP,AA,TRc. GL,AR,AP,AA,LC,TR,CMd. GL,AR,AP,AA,LC,TR,TM

6. Main components of CO area. COOM,COPC,COPA,ECPCA,COTMb. COOM,COPC,COPA,ECPCA,COCCAc. COOM,COPC,COPAd. COOM,COPC,COPA,ECPCA

7. The sequence of business processes (related to raw material for production) in MM can be described are

a. PR-MRP-GR,INVOICEb. PR-PO-GR-INVOICE VERIFICATIONc. PR-PO-GR-INVOICE VERIFICATION-VENDOR PAYMENTd. PR-PO-GR-INVOICE VERIFICATION-RECEIPT OF DISCOUNT FROM VENDOR

8. It is a must to create group company before any transaction processinga. completely trueb. partially truec. completely falsed. partially false

9. it is a must to create company code before any transaction processinga. completely true

1


b. partially truec. completely falsed. partially false

10. business area is a legal entity for which you need a balance sheeta. completely trueb. partially truec. completely falsed. partially false

11. client is the highest level organizationa. completely trueb. partially truec. completely falsed. partially false

12. many company codes can be attached to one planta. completely trueb. partially truec. completely falsed. partially false

13. many company codes can be assigned to one controlling areaa. completely trueb. partially truec. completely falsed. partially false

14. operating concern can encompass several controlling areasa. completely trueb. partially truec. completely falsed. partially false

15. credit control area is a concept in COa. completely trueb. partially truec. completely falsed. partially false

16. master data is created with the help of IMGa. completely trueb. partially truec. completely falsed. partially false

17. transaction data is core information that is shared across applicationsa. completely trueb. partially truec. completely falsed. partially false

18. the user specific defaults are possible if setting is done ina. user profileb. company code parametersc. session managers

2


d. terminal

19. customized report trees are created througha. transaction menu of information systemb. master creation of reports c. IMGd. Standard report functionality

20. Variant creation helps ina. calculating variance between actual and standardb. processing repetitive transactionsc. to coy repetitive field values in master creationd. to be a standardized selection criteria for repetitive use required to run

program

21. credit control area may consist of one or more company codesa. completely trueb. partially truec. completely falsed. partially false

22. credit control area is useda. by the SD and AR components to provide integrated credit managementb. by FI/AP to prove credit worthiness to vendorsc. independently by FI to monitor customer creditd. independently by SD to monitor customer credit

23. a company code can be assigned witha. three chart of accounts b. two charts of accountsc. only one chart of accountd. a chart of account called as operating chart of account

24. association between numbers from group chart of account and/or country/alternate chart of account can be established in

a. company code global parametersb. master data of ledger account from operating chart of accountc. group company detailsd. country details

25. account groups which are assigned in account master creation helps a. to determine which fields should be suppressed, required or optional while

processing transactionb. to determine which fields should be suppressed, required or optional while

creating master in company code areac. to determine which fields should be suppressed, required or optional while

processing transactions and master bothd. in grouping the accounts with specific logic and assign specific number

interval26. there are two areas-chart of account and company code-in which G/L account master has to b e created because

a. data can be distributed and easy to processb. the same chart of account can be assigned to several company codesc. the company specific features can be maintained in company code areas

3


d. creation of G/L can be done in two stages27. house banks are banks

a. which are used by the company code in which they are createdb. which are used by customers/vendorsc. located in the same building where company is locatedd. which are nationalized

28. primary cost element is related toa. G/L account code in one to one relationshipb. G/L account code in one to many relationshipc. Several secondary cost elements to group themd. Internal order

29. It is a must to assign a standard hierarchy in cost center mastera. completely trueb. partially truec. completely falsed. partially false

30. statistical order permitsa. settlement to cost centerb. application of overhead to themc. evaluation of costs which cannot be itemized in detail cost element or cost

center accountingd. costing of product

31. for every transaction, system generates at leasta. 4 documentsb. 3 documentsc. 2 documentsd. 1 document

32. transactions which have a financial impact generate along with other documentsa. material documentb. SD documentc. System documentd. Accounting document

33. Purchase order creation is an example of transactiona. which also triggers accounting documentb. which does not create any accounting documentc. which creates document in SDd. which triggers document in PP

34. document has the following sectionsa. title and detailsb. open item and line itemsc. header and line itemsd. coding block and line items

35. document type is assigned in the line item section of documenta. trueb. false

36. document type allows more than one account types while processing the particular document type

4


a. trueb. false

37. number range id is assigned ina. account typeb. document typec. document headerd. document line item

38. following are the account typesa. A,D,K,M,Sb. A,D,K,M,S,B,Sc. A,D,K,M,S,Td. A,D,K,M,S,P,L

39. Number range can be defined asa. only internally system generatedb. only externally assigned by userc. either externally or internallyd. both externally and internally at the same time

40. posting keys determinea. account groups to which account numbers belongb. debit/credit, account type and field status of the transactionc. debit/credit, account type, account group and field status of the transactiond. document type, account type and field status of the transaction

41. the relationship between calendar months and posting period is defined in the properties of

a. posting period variantb. field status variantc. fiscal year variantd. global parameters of company code

42. only one company code can be attached to a posting period varianta. trueb. false

43 fiscal year can havea. maximum 12 regular posting periods and 4 special periodsb. any number of posting periodsc. 16 regular periodsd. 16 special periods

44 account type essentially controlsa. account group which can be assigned to the account codeb. which account-G/L, customer, vendor, material, or asset can be used in a line

item of transaction postingc. tolerance level of the accounts involvedd. document type which can be used

5


45 account group in the context of G/L account determines status of fields ina. transactionb. chart of account segment of master datac. company code segment of master datad. none of the above

46 field status variant and posting key both determine field status ina. chart of account segment of master datab. company code segment of master datac. document typed. none of the above

47 negative postings cause transaction figures of the accounta. changedb. unchangedc. doubled. none of the above

48 for negative posting, negative posting indicator needs to be checkeda. only in document typeb. only in company code global parameters and reason code propertiesc. only in document type, company code global parameters and reason code

parametersd. none of the above

49 following and the FI functionality offered for speedy postinga. posting with reference, recurring entries, account assignment models, G/L fast

entry screensb. only G/L fast entry screensc. only recurring entriesd. none of the above

50terms of payment can be assigned toa. G/L masterb. Customer or vendor masterc. Transaction processing for customer/vendord. None of the above

51 Base line date isa. a date on which payment becomes dueb. from which due date is calculated depending on the settings in payment termsc. a base date after which discount lapsesd. none of the above

52 due date and cash discounts are dependent ona. settings in company codeb. credit management settingsc. payment termd. payment method

53 currency assigned in company code master isa. transaction currencyb. group currencyc. hard currency

6


d. local currency

54 validations are useda. to substitute values in fieldsb. to support data entryc. to validate the data being entered is meeting certain criteria when certain

prerequisites are metd. none of the above

55 parking of document is a functionalitya. which can be used to complete and post subsequently the documents which

are incompleteb. to hold the document for the new sessionc. to process documents fasterd. none of the above

56 dunning process is useda. to generate paymentsb. to remind customer/vendor of account arrearsc. to remit the paymentsd. none of the above

57 opening and closing of posting period is donea. customization of fiscal yearb. customization related to opening and closing of posting periodc. definition of posting period variantd. none of the above

58 updating of reconciliation accounta. happens on a daily basisb. is real time updatec. happens after the end of the posting periodd. none of the above

59 customer and vendor master can b e maintaineda. only in FIb. only in SD/MMc. centrally as well as in respective functional areasd. none of the above

60customer master is divided intoa. two sections-company code and sales areab. three sections-general data, company code and sales organizationc. four sections-general data, company code, salas organization and productiond. none of the above

61 function of tolerance group isa. is to set tolerance level for foreign exchangeb. is to define user groups with different amount limits for documents and line

itemsc. grouping tolerance levels of specific natured. none of the above

62 posting keys are defined ata. business area levelb. company code level

7


c. client leveld. none of the above

63 every company code must have its own document typea. trueb. false

64 the standard posting keys used for G/L posting area. 40, 50b. 19, 20and 40c. 50, 39d. none of the above

65 in case of cross company code transactionsa. one has to post two documents individuallyb. posts a document in one company and system generates another document

in concerned company with common link of cross company code transaction number

c. system links documents based on user given number in cross company code transaction field

d. none of the above

8


KEY

1. A,C2. C3. D4. B5. C6. A7. B8. C9. A10. C11. A12. C13. A14. A15. ..16. A17. C18. A19. ..20. B21. A22. A23. A,B,C,D24. B25. B,D26. A,B,D27. A28. A29. A30. ..31. D32. D33. B,D34. C35. B36. A37. B38. A39. C40. B41. A,C42. B43. A44. B45. C46. C47. A48. C49. A50. B,C51. B52. C

9


53. D54. C55. A56. B57. B58. B59. C60. B61. B, C62. C63. B64. A65. B

10


mySAP Business Suite overview

1. What are the essentials of SAP’s product strategy ( in just a few words)

2. MySAP business suite contains the following: (Choose the right answers)a. cross industry solutionsb. industry solutionsc. technologyd. services

3. SAP business object consists of a. attributesb. methodsc. attributes and methodsd. none of the above

4. what is long form of BAPI

5. BAPI is assigned to one and only one business objecta. trueb. false

6. what are the new dimension products of SAP in cooperative business scenario

7. what are two major elements of mySAP.com

Navigation

1. You can only work in one window (session) at a time in an SAP systema. trueb. false

2. which of the following statements accurately describe a client in an SAP systema. a client represents a completely independent business entityb. a client has its own databasec. a client corresponds to a customerd. a client may represent an entire company

3. the following strings are valid entries in the command field: Choose the correct answers.

a. /nendb. /nexc. ?SM04d. /nsm04e. from SAP easy access: SM04f. from SAP easy access: search_sap_menu

4. you can use the F1 key toa. display an explanation of a field’s usesb. display a list of possible input valuesc. change your user data (e.g., the logon language)d. end the session you are ine. display detailed

1


5. you can use the F4 key toa. start another sessionb. display detailed technical information on a programc. call the SAP libraryd. display possible entries for an input fielde. create a print request of the screen currently displayed

6. you can also call the context sensitive SAP library using the F1 keya. trueb. false

7. the following personalization options are available in the SAP-GUIa. you can change the font size (within limits)b. you can have system messages displayed in a dialog boxc. you can change the size of input fieldsd. you can suppress the display of picturese. every user can display a picture of their choice on the SAP easy access screenf. you can use a personal input history on your front end

8. what is the maximum no. of parallel sessions that you can open

9. what is the name of the function you reach if you choose: tools admn monitor system monitoring user overview? What transaction code could you use to call this transaction instead of the menu

10. R/3 system containsa. database server onlyb. application server onlyc. presentation server onlyd. all of the above

11. all data and programs are contained ina. application serverb. database serverc. none of the above

12. maximum no. of sessions a user can open when he logs on to SAPa. oneb. threec. fived. six

13. what are the three servers of R/3 system

14. to delete the current session, what command is used

15. where you can find transaction code for the function you are working in

16. which key is used for help on fields, menus, function, messages

Overview of financial accounting

1. One chart of accounts

2


a. can be assigned to several company codesb. can be defined as a group chart of accountsc. only contains definitions of G/L accountsd. can only be assigned to one company code

2. which statements are correct:a. the field status tool bar controls the document type, the posting key and the

account no.b. you can control the issue of document nos., via the account typec. the tax rate and tax indicator are pre-set by SAP for each countryd. you can use the field status tool bar to control the characteristics of the

document fields

3. the length of G/L account no. should be mentioned ina. G/L account groupsb. G/L accountc. Chart of accountsd. None of the above

4. Which of these statements on document principle are correcta. R/3 can assign the document nos. alwaysb. A business event can trigger only one document within R/3c. Each business event creates an account document in R/3d. R/3 will link related documents in the system

5. All FI entries will be repeated in CO module alsoa. trueb. false

Basic settings

1. You can assign a business area to a company code directlya. trueb. false

2. which of the predefined fiscal year variants area. calendar yearb. year specific

3. for what purposes are year specific fiscal year variants used

4. name the tools for maintaining the exchange rates

5. what keys are used to define currencies

6. name three commonly used exchange rate types and what they are used for7. fiscal year can be

a. year dependentb. year independentc. both year dependent and year independent

8. fiscal year which is a calendar year can havea. 12 normal periodsb. less than 12 normal periodsc. more than 12 normal periods

3


9. shortened fiscal year can havea. 12 periodsb. more than 12 periodsc. less than 12 periodsd. should have less than 12 periods

10. company code can havea. one local currency onlyb. two local currenciesc. any no. of local currenciesd. none of the above

11. which of the following is truea. company can use indirect exchange rate onlyb. company can use direct exchange rate onlyc. company can use both indirect and direct exchange rates

12. which of the following is true in relation to SAP featuresa. business areas are company code specificb. business areas are assigned to company codesc. business areas are used for reporting across company codesd. none of the above

13. what is the highest level element of organizational units

14. what is the business unit where cost accounting is carried out in SAP

15. business areas are company dependenta. true b. false

16. how many characters does a company code have

17. one chart of accounts cannot be assigned to more than one company codea. trueb. false

18. in case of non calendar fiscal year, annual displacement indicator is useda. trueb. false

19.what are the two segments of a chart of accounts

20. which chart of accounts is used for consolidation

21. at what level is vendor account defined

22. more than one plant can be attached to a single company codea. trueb. false

23. purchasing is done by what organization and for whom

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24. what are the three steps for standard procedure for procurement transactions in FI

25. what is the central organizational structure in profitability analysis

26. one company code may contain several sales organizationsa. trueb. false

27. what document is created when receivables and revenues are posted in SD module

28. what is the main criteria for defining asset

29. what areas are used to keep more than one valuation basis for depreciation

30. more than one cash journal can have the same cash accounta. trueb. false

31. what is the element other than document header in an FI document

32. document no. range can be both internal and externala. trueb. false

33. in which case same document number will be taken for a new financial year

34. group chart of accounts is used for consolidationa. trueb. false

35. at what level a vendor account is defined

36. more than one plant can be attached to a single company codea. trueb. false

37. several company codes can use the same posting period varianta. trueb. false

38. you can close a financial year even if you have parked documentsa. trueb. false

39. G/L account/posting keys contain further specifications for account assignment in tax calculation procedure

a. trueb. false

40. what is a base amount

41. what does a tax code contain

42. reconciliation account type for vendor is K and for customer it is D

5


a. trueb. false

43. if an account is managed with open items, then line item display must be activated

a. trueb. false

44. in consolidation, to which are company codes and business areas attached

Master records

1. A G/L account consists of which segments

2. Name possible field status definitions in the order of their priority

3. Different company codes can use the same____________

4. The ________ controls the field display for the company code data in the G/L account master record

5. __________ contain the total of the transaction figures for the corresponding sub ledger groups

6. Reconciliation accounts are updated on a daily basis. a) true b) false

7. You can always display the line items of a G/L account a) true b) false

8. G/L accounts with open item management must have line item display activated a) true b) false

9. G/L accounts that are managed in local currency can only be posted to in this currency a) true b) false

10. G/L accounts that are managed in foreign currency can only be posted to in this foreign currency a) true b) false

11. because company codes use different operational chart of accounts, you cannot carry out cross company code controlling a) true b) false

12. a complete customer account consists of the following parts: _____________

13. a complete vendor account consists of the following parts: __________________14. the customer/vendor accounts must always be maintained centrally a) true b) false

15. one number range can only be assigned to one account group a) true b) false

16. _______ no. assignment means that the R/# system assigns the number automatically

17. You maintain a customer/vendor master records ____________ if you create the FI segments at the same time as the SD/MM segments

6


18. G/L accounts have ________ no. assignment; customer / vendor master records can have ________ or ________ no. assignment

19. the co. code data of a customer/vendor master record consists of _____ areas, viz: ______ (tab pages)

20. True / false a. a G/L account consists of a chart of accounts and one or more company code

segmentsb. the accounts group controls the screen layout of the chart of accounts

segmentc. all G/L accounts must carry a tax indicatord. you can directly post to the reconciliation accountse. the account currency is stored in the chart of accounts segment

21. which statements regarding the bank master records are correcta. the G/L account name of the house banks has to concur to the name in the

bank key directoryb. the name for the G/L account at the house bank is freely definablec. the G/L account name of the house bank can contain the name of the bank

and the account no.d. the G/L account name of the house bank is defined in chart of accountse. the G/L account names of the house bank can be defined to company code

that differ from the chart of account

22. the G/L account becomes complete if wea. add company code segment to chart of accounts segmentb. create both company code segment and chart of segmentc. create chart of accountd. copy chart of account segment from other company code

23. if we are using same chart of account in more than one company codea. company code segments are same in all company codesb. account name and account number is the same in all company codesc. currency in company code segment in all company codes are samed. the group account number is different in all company codes

24. the appearance of the company code segment of a G/L account is based ona. account group entered in the chart of account segmentb. group account number entered in chart of accounts segmentc. assignment of group chart of accounts in chart of accountsd. none of the above

25. the appearance of an account master data is based ona. account numberb. field statusc. chart of accountsd. none of the above

26. creation of duplicate accounts in AP is prevented by usinga. match code before creating the new accountb. sensitive dual control

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c. switching on automatic duplication checkd. none of the above

27. retained earnings account isa. specific to company codeb. specific to clientc. specific to chart of accountsd. none of the above

28. which of the following is truea. company code can have one retained earnings account onlyb. company code can have more than one retained earnings accountc. chart of accounts can have more than one retained earnings accountd. chart of accounts can have on retained earnings onlye. none of the above

29. which of the following is truea. account group controls the document field statusb. account group controls the number rangec. account group controls the master record field statusd. all of the above

30. which of the following statements are correcta. the G/L account name for house banks must match the names given to the

house bank in the bank directoryb. the G/L account name for house banks are user definablec. the G/L account names for house bank could be the bank name and account

no.d. the G/L account names for house banks are defined in the bank directorye. at company code level, G/L account names for house banks can be different

from those in chart of accounts

31. G/L master created is always for all company codes in R/3 a) true b) false

32. Currency is a required field entry while creating G/L master a) true b) false

33. We cannot control the postings in the G/L by way of tax code entry for a G/L account a) true b) false

34. Tax codes are created and operated at country level a) true b) false

35. Tax codes are created at company code level a) true b) level

36. Tax codes are time dependent a) true b) false

37. Jurisdiction codes are not used at all while creating tax codes a) true b) false

38. In AP & AR, account group cannot be created with external number range a) true b) false

39. Reconciliation account definitions are available in general data and vendor master a) true b) false

40. chart of accounts view of G/L account keeps the data like general data a) true b) false

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41. fiscal year variant can be of two types. Name them

42. in case of G/L accounts, number ranges are attached to G/L accounts. a) true b) false

43, account groups are used to control following propertiesa. field status of transaction fieldb. field status of master fieldsc. field status of master fields and number ranged. field status of master fields, number range and whether accounts are P&L /

B/S

44. you can post transactions to an account in any currency only ifa. account currency is not maintainedb. account currency is same as local currency of company codec. account currency is different from company code currencyd. under all circumstances

45. planning levels in G/L accounts are used fora. generating G/L planningb. planning memo entries in treasuryc. classifying transactions pertaining to cash flowd. classifying G/L accounts as per B/S format

46. you can carry forward P&L account balances toa. multiple retained earnings accounts automaticallyb. single retained earnings accounts automaticallyc. multiple retained earnings accounts through period end closingd. single retained earnings account through period end closing

47. default exchange rate picked up during FI document entry isa. exchange rate maintained for type Bb. exchange rate maintained for type Mc. exchange rate maintained for type Gd. there is no default exchange rate type

48. you can clear open items only when they have samea. business area, amount, opposite dr/cr indicator and same entry in fields that

are configured for auto clearingb. amount, opposite dr/cr indicatorc. business area, opposite dr/cr indicatord. amount, opposite dr/cr indicator and same entry

49. foreign currency valuations on G/L accounts are performed on following accountsa. all accountsb. all accounts managed on open item basisc. all accounts managed on open item basis and all accounts with currency

different from local currency

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d. accounts managed on open item basis having foreign currency transactions and all accounts with account currency different from local currency

50. you can display account balance of several related accounts througha. account groupsb. sort keyc. worklistsd. totals variant

51. you run BA/PC adjustments fora. balancing BA level B/S for inter BA transactionsb. balancing company code level B/S for inter company transactionsc. posting adjustment entries for changed reconciliation accountsd. posting vendor/customer reclassification at BA level

52. fast entry screens in FI are used to entera. customer/vendor line itemsb. G/L line itemsc. C/V, G/L line itemsd. Invoice receipt against GR

53. easily entered document entry templates are calleda. sample documentsb. account assignment modelsc. work listsd. recurring documents

54. Posting keys are used to decidea. dr/cr indicator, field status of transaction screen, account typesb. dr/cr indicator, account typesc. dr/cr indicator, account types, field status of transaction screen, special G/L

applicabilityd. dr/cr indicatgor, field status of transaction screen, special G/L applicability

55. how many parallel currencies are possible and at what level they are assigneda. 2 local currencies, coab. 3 local currencies, coac. 2 local currencies, company coded. 3 local currencies, company code

56. when you reverse a posted document, document number must bea. internalb. externalc. internal/externald. manually assigned

57. financial statements can be generated ina. local currencyb. document currencyc. chart of account currencyd. any currency for which customization is done

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Document control

1.what are the most important control functions of the document type

2. if the user assigns the document number manually, this is _______no. assignment

3. ________nos. may be alphanumeric

4. every company code may define its own document types a) true b) false

5. every company code may define its own document no. range a) true b) false

6. at the beginning of a new fiscal year, the system always starts the document no. assignment again at the start of the no. range a) true b) false

7. document no. ranges must not overlap a) true b) false

8. how many no. ranges can be assigned to a document type simultaneously

9. what are the most important control functions of a posting key

10. name two elements that influence the field status of document fields

11. from following, state how the text field will be treated on document entry screena) if text is hidden per posting key, text optional as per field status group,

then _____ will be in document entry screenb) if text is optional as per posting key, text is required as per field status

group, then it will be a ______ in document entry screenc) if text is required as per posting key, text is hidden as per field status

group, then it will be an ______ in document entry screen

12. what are the standard posting keys for G/L account postings and on which side of the account do they post to

13. posting keys are defined at client level a) true b) false

14. the _____ group controls the field display during document entry

15. each ______ has a field status group

16. the posting period variant is assigned to the ____________.

17. a posting period variant must contain at least one line with the entry _____________

18. the account range in the posting period variant consists of ________

19. posting periods are opened and closed automatically a) true b) false

20. no more than two periods can be open at the same time a) true b) false

21. the authorization group in the posting period variant applies only to authorization for posting in special periods a) true b) false

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22. which of the following statements are true, when you are considering major controls of document types

a. the account types allowed for postingsb. the field status of header text and reference no.c. posting keysd. none of the above

23. which of the following statements are truea. posting keys are defined at client levelb. account types allow line item postings based on posting keyc. field status definition ‘suppressed’ and ‘required’ can not be combinedd. field status groups are variant principle

24. which of the following are true if we are using the same posting period variant for several company codes

a. opening and closing of periods to e done for each company codeb. we cannot use same posting period variant for several company codesc. we can maintain different special periods for each company code

25. which of the following statements are truea. we can open two period ranges during the time of closing processb. based on the document date entry, system will determine the posting period

and fiscal yearc. if you display the balances of an account, the transaction figures for the

posting periods are displayed

26. when ever an FI entry is made, we want document header text is required to be made mandatory. Customizing is available in account master and field status groups a) true b) false

27. it is not possible to see document currency and company code currency at the same time during document display option a) true b) false

28. document posting date, value date, base line date, system date, and due date in the entry screen of customer/vendor invoice are same a) true b) false

29. it is possible to define standard translation method of foreign currency in the posting key a) true b) false

30. system allows you to enter the date interval ‘from and to’ in case of foreign currency translation rate a) true b) false

31. one no. range can be assigned to several document types a) true b) false

32. ________ and ________ are two elements of FI document

33. document no. range can internal and _________

34. in case of _________ no. range, same document no. will be taken for a new fiscal year

35. one no. range can be assigned to several document types a) true b) false

36. one document type can have more than one no. range a) true b) false

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37. a field status within an FI document is controlled by three factors, viz.,

38. while posting a parked document, document no. is changed a) true b) false

Posting control

1. List some sources of values that are defaulted by the system for document entry

2. Name two possible ways to reverse a document

3. What are the two prerequisites that should be fulfilled in order to process the negative postings

4. Credit memos can be linked to invoices to ensure that invoice and credit memos are due on the same date a) true b) false

5. The day limits define the dates of cash discount periods a) true b) false

6. Every installment of an installment plan must have its own terms of payment a) true b) false

7. terms of payment is a field in the ______ and _______ of the customer master record

8. the __________ is the date that the system uses to determine the due date of the invoice

9. which cash discount accounts are used in the net procedure?

10. which cash discount accounts are used in the gross procedure?

11. name the two types of taxation that can be represented in the system

12. what data is required for the automatic account determination for tax amounts?

13. list two examples for cross company code transactions

14. a cross company code transaction consists of at least two documents a) true b) false

15. tax amounts of across company code transaction are automatically distributed to the company codes in which the expenses or revenues occurred a) true b) false

16. cross company code clearing accounts must be G/L accounts

17. the company code of a cross company code transaction may have different local currencies

18. describe the components the system uses to create cross company code transaction no.

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19. by mentioning base line date, cash discount periods and cash discount percentage rate in payment terms system will calculate

a. due date of invoice and cash discountb. due date onlyc. cash discount onlyd. none of the above

20.postings in a company code are done in G/L account ofa. consolidation coab. operative coac. country coad. all of the above

21. posting in a G/L account is controlled bya. account group of the G/L accountb. field status group in the coa segmentc. field status group in the company code segmentd. all of the above

22. payment terms are company code dependent a) true b) false

23. it is not possible to calculate the due date on fixed dates like end of month with days calculation a) true b) false

24. posting key is linked to field status in FI posting a) true b) false

25. negative posting is one method of document reversal a) true b) false

Clearing1. name 2 basic transactions that you can use to clear open items

2. documents with open items cannot be archived because open items represent incomplete transactions a) true b) false

3. a clearing document must have at least two line items a) true b) false

4. posting with clearing can be carried out for several accounts simultaneously a) true b) false

5. the posting keys to be used in the clearing document are defined in ‘clearing transactions’ a) true b) false

6. the automatic clearing program cannot carry out automatic postings a) true b) false

7. clearing a credit memo with an open invoice is an example of __________

8. posting a payment for an open invoice with a resulting zero balance is an example of ______

9. a _______ residual item clears the invoice and the payment to create a new open item

10. a ______ results in the open invoice and the incoming payment remaining in the customer account as open items

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11. the R/3 system generates the exchange rate differences automatically a) true b) false

12. G/L accounts must be defined for exchange rate losses or gains a) true b) false

13. list the no. of ways the G/L account can be determined for exchange rate differences

14. in processing open items (customer), you cana. activate or deactivate open itemsb. reverse the open itemsc. activate or deactivate the cash discountd. enter partial payments or residual items

15. using ‘account clearing’ function, choose a match those existing open items from an account that balance to zero. The system marks them as cleared and creates a clearing document. The clearing document no. and the clearing date is entered in the cleared open items. The clearing date can be the current date or a date that the user determines. State whether this statement is a) true b) false

16. the specification for permitted payment differences can be found in both types of tolerance groups. They control the automatic posting of cash discount adjustments and unauthorized deduction a) true b) false

17. all reconciliation accounts and all G/L accounts with open item transactions in foreign currency must be assigned to the revenue/expense accounts for realized losses and gains a) true b) false

18. clearing does not create any document in SAP a) true b) false

19. it is user defined where SAP will control open item selection a) true b) false

Special G/L transactions

1.all special G/L transactions are posted to G/L accounts a) true b) false

2. payment cannot be made by adjusting a special G/L transaction which is posted in G/L a) true b) false

3. down payment creates another entry without any links to the original entry a) true b) false

4. residual payment creates another entry keeping all entries open a) true b) false

5. it is not possible to create a due date for a down payment a) true b) false

6. SAP does not allow bill of exchange accounting a) true b) false

7. payment request clears the entries in AP/AR a) true b) false

Automatic payments

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1.List the five steps in the payment program

2. name the six areas into which the payment program configuration is divided

3. the _______ specify the accounts and documents that are to be included in the payment run

4. the payment program needs the __________ to determine whether an open item has to be paid now or in the next payment run

5. the sequence in which the payment methods are entered in the _________reflects their priority

6. all the company codes in the payment run parameters must be in the same country a) true b)false

7. a payment method can be used only if it is entered in the account master record a)true b)false

8. the payment proposal can be edited, deleted and recreated as often as necessary a)true b)false

9. the exception list is part of the payment proposal a) true b) false

10. in the payment process, automatic option to the users area. select open invoices to be paid or collected/post payment documentb. post payment documents/print print mediac. select open invoices to be paid/collectedd. post payment documente. print print media

11. which of the following are truea. any payment block can be removed in payment proposal editb. only line item payment block can be removed during payment proposalc. items that cannot be paid are detailed in the exception list

12. which of these statements on payment program are correcta. there are four steps in payment process i.e., parameters, proposal, program,


generate print media

13. every run of the payment program is identified by two fieldsa. run dateb. identification

14. Which of the following statements are truea. the run date is recommended to be the actual date when the program is

executedb. the field ‘identification’ is used to run print program

15. which of the following statements are true (ref: print program-all codes area)a. sending company code and paying company code are same alwaysb. by specifying vendor/customer/special G/L transaction to be paid, we can

process special G/L transaction only

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c. by activating payment method supplement, we can print and sort payments

16. which of the following statements are true? (ref: payment program-bank determination area)

a. without ranking order, system will not process the paymentb. bank/payment method combination is must to define ranking orderc. without maintaining the value date in bank selection, system will not

process the payment

17. if we are using check management, which of the statements is truea. define check lot in order to print checksb. check lots are used only for automatic payments

18. all company codes in payment run parameters must be in same country a) true b) false

19. a payment method can only be used if it is entered in the account master record a) true b) false

20.the payment proposal can be edited, deleted and recreated as often as desired a)true b)false

21. exception list is a part of payment proposal a) true b) false

22. SAP cannot automate the payment method entry into the vendor invoice screen a)true b)false

23. partial payment creates another entry without any link to the original entry a)true b) false

24. it is not possible to use two check series for making payment a) true b) false

25. it is not possible to void unused checks a) true b) false

26. reversal of void check is a standard functionality in SAP a) true b) false

27. it is not possible to show the check with a value range by a user a) true b) false

28. payment to anybody by passing a G/L entry without AP/AR is a standard functionality of SAP a) true b) false

29. we cannot create manual checks for payment to business partners and update in the system a) true b) false

30. bank statement entry into SAP does the auto clearing a) true b) false

31. through bank statement entry, we can make entries like bank debits for bank charges, commission, etc. which will make a direct posting into G/L a) true b) false

32. payment to vendor of a specific bill cannot be blocked in SAP a) true b) false

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33. customer makes multiple check payments for one invoice and hands it over to the company which is running with all modules of SAP. It is not possible to enter in SAP by keeping all the check details and updating against an invoice a) true b) false

34. ____________ is the date from which the due date is derived

35. if customer invoice is created in SD, then payment terms from _________ segment will be defaulted

Automatic dunning1.list the four steps that have to be taken by the dunning program to perform the automatic dunning procedure

2. customers without dunning procedure in the master record are dunned with a default dunning procedure a)true b) false

3. if dunning areas are not used, dunning is performed at the company code level a)true b)false

4. it is possible to dun vendors as well as customers a)true b)false

5. the ‘run date’ is always the date when a certain dunning run is supposed to be started a) true b) false

6. the parameters specify the accounts and documents that are to be considered in the dunning run a) true b) false

7. list some reasons why overdue items might not be dunned

8. the dunning proposal consists of several steps. List the main steps involved in creating the dunning proposal

9. the payment terms of a credit memo usually do not apply and the due date is either the due date of the associated invoice or the baseline date of the document a) true b) false

10. every dunning procedure must have at least four dunning levels a) true b) false

11. an account is only dunned if all the over due items have exceeded the minimum days in arrears a) true b) false

12. the dunning run updates the dunning data in the dunned items and accounts a) true b)false

13. a dunning notice is only sent if the dunning data has changed since the last dunning run, or if ‘always dun?’ is selected a) true b) false

14. after the dunning proposal has been created, changes to the dunning data in items or master records are ignored in the current dunning run a) true b) false

15. the dunning proposal can be edited, deleted, and recreated as often as required a) true b)false

16. one dunning form can be used for all dunning levels and dunning areas a) true b) false

18


17. the dunning text for dunning level 6 is stored in text module 616 a) true b) false

18. the last dunning level is equal to the legal dunning procedure a) true b) false19. what is changed by the dunning run?

a. the date ‘last dunning run’ in the customer master recordb. the dunning level in the customer master recordc. the dunning level in the dunned documentd. the form specification in the customer master record for the next dunning

lettere. the dunning procedure for the next dunning run in the customer master record

20.when running the dunning programa. we can edit proposalb. we cannot delete proposalc. we can recreate the proposal until the dunning clerk is satisfied with resultd. after completing the dunning proposal list, dunning data is updated in master

records

21.which is truea. one time accounts cannot be dunnedb. we can assign two dunning procedures to customer master recordsc. dunning procedure can process only standard transactiond. interest can be posted at the time of dunning

22.the maximum dunning level can be defined in the dunning procedure isa. fourb. sixc. nine

23. an item whose days in arrears are smaller or identical to the grace period, dunning program will consider the item for dunning a) true b) false

24. which of the following statements are falsea. we cannot specify per dunning level that interest is to be calculatedb. we cannot print a dunning notice in a legal dunning procedure, although no

further account movements have occurredc. we can set a minimum amount for the dunning charges on each dunning level

25. what information does a dunning run changea. date of last dunning run in the customer master recordb. the dunning level in the customer master recordc. the dunning level in document for which dunning notices are createdd. from (layout set) specifications in the customer master record for the text in


Correspondence1.it is possible to get the report of customers created by user in a company code a)true b)false

Interest calculation

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1.account master data must contain an interest calculation indicator for interest calculation to take place a)true b) false

2. on a give account, R/3 cannot calculate different interest rates based on the amounts of balance or items a) true b) false

3. you can configure R/3 to calculate interest for customers or vendors that owe you money. You cannot calculate interest, however, if you owe your business partner money a) true b) false

4. name the two types of interest calculation in SAP R/3

5. what information do you need to create a new interest calculation indicator

6. which of these statements is truea. we can calculate interest on G/L accounts under interest on arrears methodb. each interest id must be assigned to interest calculation type

Country specifics1.name the three documents used in the payment process

2. what methods can you use to create checks? Name two ways of creating a check. Can you name the check printing program?

3. you can void a check without reversing the payment document a) true b) false

4. you can void a check and reverse the payment document at the same time a)true b)false

5. you can void a check and reverse the payment document and the vendor invoice all at the same time a) true b) false

6. what is a lock box

7. what are payment advice notes used for in the lock box process in R/3

8. list the four statuses that a check can have

9. you have to maintain customer bank details manually in the master record to ensure that as many incoming payments are assigned as possible

The financial statements1.Two steps to define financial statement versions are

a. enter it in the directory of financial statement versionb. define hierarchy levels and assign accounts

2. a financial statement version consists of maximum nine hierarchy levels a) true b) false

3. we cannot assign account group according to balance a) true b) false

4. drill down report is a tool that enables to analyze sub ledger transaction figures only a) true b) false

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5. individual value adjustment for doubtful receivables are possible througha. special G/L transactionsb. normal transactionsc. both of the above

6. to set up the financial statement version in your company, maximum limit is 9 a) true b) false

7. it is a real problem in SAP – in financial statement version – we are not able to find the G/L accounts which are not assigned a) true b) false

8. MIS reports based on financial books like ratios can be done through financial statement version a) true b) false

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Receivables and Payables1.the view maintained for vendor master data are

a. general data, company code datab. general data, company code data, purchasing datac. general data, company code data, business area datad. general data, company code data, business area data, plant data

2. group key assigned to vendor master records control the followinga. it is a combination of up to three fields based on which open invoices are

selected for automatic paymentb. basis for grouping several vendors for balance displayc. basis for classifying vendors for standard reportingd. it is a combination of up to three fields on which open invoices are selected for

manual payment

3. posting through a special ledger indicator affectsa. the main reconciliation account of vendor/customerb. alternative reconciliation account mapped to the main reconciliation of

vendor/customerc. alternative reconciliation account and main reconciliation account of

vendor/customerd. offsetting entry to main reconciliation account of vendor/customer

4. check management with respect to outgoing payments is possible for open items for

a. vendorsb. vendors and customersc. vendors, customers and G/L accountsd. vendors and G/L accounts

5. if you do not want to enter a document with provision for updating ledger on approval from authorized officials, you can use following functionality

a. parked documentb. sample documentc. account assignment modeld. recurring document

6. accounting for down payment request involvesa. statistical itemsb. parked itemsc. noted itemsd. regular items

7. business area is determined for accounting documents generated automatically from logistics module based on

a. plant-division combinationb. plant-division-distribution channel combinationc. plant-sales area combinationd. plant-division combination and sales area

8. when you carry out regrouping through AR/AP, following activities are performeda. reclassify where debtors have credit balance and vice versab. reclassify open items by remaining lifec. reclassify by changed reconciliation accountsd. all of the above

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9. when you carry out automatic payment, bank through which payment is effected is based on

a. ranking order of house banksb. house banks maintained for specific business areac. house banks entered in the parameters of the rund. ranking order and available balance in the accounts

10. payment needs to be made against invoice with payment blocks created during invoice verification. Payment block can be removed by

a. release block in MMb. changing field entry from invoice documentc. by reallocating in payment proposald. cannot be removed

11. in SAP, a bill of exchange receivable item is cleared duringa. discounting the billb. transfer posting with clearingc. reversal of contingent liabilityd. clearing of outstanding advance from the customer

12. in which of the following processes do the original invoices remain as open itemsa. residual paymentb. partial paymentc. charge off differenced. distribute difference

13. what are the different account types in SAPa. customer, vendor, G/Lb. customer, vendor, G/L, asset, materialc. customer, vendord. customer, vendor, asset

14. when several organizational units carry out dunning within a single company code, SAP entity used to distinguish and control the process is called

a. dunning procedureb. dunking keyc. dunning clerkd. dunning area

15. if you do not want to dun beyond a particular levela. use dunning key to limit the maximum levelb. use dunning block on vendor masterc. use dunning clerk to block dunningd. use dunning block on the dunning procedure

16. if you want to choose a different set of fields in a vendor account line item display, you choose a different

a. sort variantb. totals variantc. line layoutd. additional field

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Profit and loss1.Foreign currency valuation is possible

a. only on vendor/customer open itemsb. only on balance sheet items (G/L accounts)c. both of the above

2. when we are valuating open items, without update for reversal of the adjustment-posting after key date, user can define another posting date in place of key date + 1 a) true b) false

3. when we have regrouped the receivables/vendors, system carries out adjustment postings a) true b) false

4. allocating costs to FI through external settlement – the G/L is updated on line / real time a) true b) false

5. depreciation posting can be executeda. through batch input sessionb. direct FI postingsc. any one of the above

6. physical inventory is an MM/PP module transaction and hence no accounting entry is passed in G/L but real stock is adjusted in MM/PP a) true b) false

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KEY

mySAP Business Suite overview1. extend rather than replace2. a,b,c,d3. c4. business application programming interface5. false6. BW, CRM, APO, B2B, SCM, KW7. market place, work place

Navigation1. false2. a,d3. a,b,d,e,f4. a,e5. d6. true7. a,b,d,f8. between 2 and 6 sessions9. the function is called user list; code is sm0410. d11. a,b12. d13. presentation server; application server; database server14. /n15. system_menu16. F1

Overview of financial accounting1. a,b,c2. d3. c4. a,d5. false

Basic settings1. false2. calendar year: 01, K1, K2, K3, K4; year specific: AA,AM,RI,UL,WK3. I) if start and end date of posting periods differ from year to year; ii) if

one fiscal year has fewer posting periods than the other (shortened fiscal year)

4. inversion, base currency, exchange rate spreads5. currency keys6. M-average rate for posting and clearing; G-buying rate; B-selling rate7. a,b8. a,b9. c10. a11. a,b,c12. c13. client14. controlling area15. false

25


16. four character17. false18. true19. company code, coa20. group21. client22. true23. purchasing, plant24. a. PO; b. GR; invoice verification25. operating concern26. true27. billing28. asset class29. depreciation30. true31. document line items32. external33. year dependent34. true35. client36. true37. true38. false39. true40. expense, revenue41. tax rate42. K,D43. true44. company, consolidated business area

Master records1. coa segment, company code segment2. hide, display, required entry, optional entry3. chart of accounts4. account group5. reconciliation accounts6. false7. false8. true9. false10. true11. true12. general data, co.code segment, sales area segment13. general data, co.code segment, purchasing organization segment14. false15. false16. internal17. centrally18. external; internal/external19. four (accounting information, payment transactions, correspondence

and insurance (customer account) or withholding tax (vendor account)20. a21. b,c,d22. a,b23. b

26


24. a25. b26. a,c,d27. c28. b,c29. b,c30. b,c31. true32. true33. false34. true35. false36. true37. false38. false39. false40. true41. year dependent; year independent42. true43. c44. b45. c46. c47. b48. a49. d50. c51. a52. b53. b54. c55. d56. a57. d

Document control1. no. ranges for document nos.; account types permitted for postings2. external3. external4. false5. true6. false7. true8. you specify a no. range for each document type. One no. range can be

used for several document types9. determination of which account type can be posted to; side of the

account (dr/cr); the field status of additional details10. field status group, posting key11. hidden; required entry; error12. debit, posting key 40; credit, posting key 5013. true14. field status15. G/L account16. company code17. valid for all accounts

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18. G/L accounts19. false20. false21. false22. a,b23. a,b,c,d24. all false25. a, c26. false27. false28. false29. false30. false31. true32. document header, line items33. external34. year dependent35. true36. false37. ..38. false

Posting control1. user master records; parameter memory; system data; account master

record; accounting functions2. normal reversal posting; reversal by negative posting3. the company code must allow negative postings; the reversal reason

must be defined for negative posting4. true5. false6. true7. company code, sales area8. base line date9.10. cash discount clearing account; cash discount loss account11. cash discount revenue account; cash discount expense account12. taxation at national level; taxation at regional/jurisdictional level13. rules, posting key, tax accounts14. central purchasing; central payment15. true16. false17. false18. true19. the cross company code transaction no. is a combination of document

no. in 1st company code, first company code no., and the fiscal year20. a21. b22. false23. false24. true25. true

Clearing1. account clearing; post with clearing2. true

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3. false4. true5. true6. false7. account clearing8. posting with clearing9. residual item10. partial payment11. true12. true13. a single G/L account can be used for all currencies and currency types;

a single G/L account can be used per currency and currency type; a single G/L account can be used per currency; a single G/L account can be used per currency type

14. a,c,d15. true16. true17. true18. false19. true

Special G/L transactions1. true2. false3. true4. false5. false6. false7. false

Automatic payments1. maintain parameters; proposal run; editing proposal; payment run; printing payment media2. all company codes, paying company codes; payment method/country; payment method/company code; bank selection; house banks3. parameters4. next posting date6. payment parameters7. false8. true9. true10. a,b,c11. a,b,c12. a13. a,b14. a15. b,c16. b17. a18. true19. false20. true21. true22. false23. true

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24. false25. false26. true27. false28. false29. true30. true31. true32. false33. false34. base line date35. sales area

Automatic dunning1. maintain parameters; proposal run; editing the dunning proposal;

printing dunning notices2. false3. true4. true5. false6. true7. account not contained in parameters; items are within grace period;

items/accounts blocked for dunning; overdue amount < min amount; items can be cleared with overdue items on credit side; ….

8. account selection; line item dunning; account dunning9. true10. false11. false12. false13. true14. true15. true16. true17. true18. false19. a,b,c20. a,c21. a,b22. c23. false24. a,c25. a,b,c

Correspondence1. true

Interest calculation2. true3. false4. true5. account balance interest calculation; item interest calculation (interest

on arrears)6. a 2-character interest indicator and an interest calculation type. A

name for the interest calculation indicator is useful but not mandatory

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7. b

Country specifics1. vendor invoice; payment document; checks2. manual check; auto payment program-RFFOUS_C or RFFOD_S3. true4. true5. false6. service provided by banks to speed up collection and

processing of incoming payments7. they contain detailed information about an incoming payment.

Lock box program uses the information to clear open items on the customer account

8. assigned; partially assigned; on account; not processed9. false

The financial statements1. a,b2. false3. true4. false5. a6. false7. false8. false

Receivables and Payables1. b2. a3. b4. b5. a6. c7. d8. a,b,c,d9. d10. a11. c12. b13. b14. d15. a16. c

Profit and loss1. a,b,c2. true3. true4. true5. a,b,c6. false

31

Financial Accounting-Topic Wise Questions

Time 120 minutes

Chart of Accounts

1. A chart of accounts ( Multi )

a. can be allocated to multiple company codeb. can be defined as the group chart of accountsc. only contains definitions for G/L accountsd. can only allocated to one company code.

2. Which of the following statements is true when configuring a group chart of accounts?

a. In the company code segment of every operational account, the group account number will be a required entry.

b. The group chart of accounts is assigned to the company code in the company code global parameters screen.

c. When the assignment is made between the group and operational chart of accounts, the field group account number becomes an optional entry.

d. A one to one relationship exists between the group account number and the operational account number in the G.L. master.

3. Which are true regarding operational chart of account. (Single).a. To perform allocations between companies codes in the controlling each company

code must be assigned to its own operational COA.b. A company code can choose to work with multiple operational COA.c. If cross company code controlling is required the same operational COA must be

used.d. Company code with different base currency must work with there own operational

COA.e. The operational COA is optional by co. code.

Organizational Structure

4. A client. ( Single )a. only contain a single chart of accountsb. may contain multiple charts of accountsc. only use one exchange rate type d. only have one controlling area

5. Identify the correct statement(s) regarding organizational elements within the R/3 System. a. The Business area is defined at client level and changed in transactions defaulted by

Cost Center if cost center defaulted in cost element. b. A plant is a location in which inventory quantities and values are stored or

manufactured.c. A Controlling area can comprise several company codes using different chart of

accounts but must operate in the same currency.

6. Which of the following statements is true ? ( Single Choice) a. A Company code can belong to more than one controlling area.b. A plant must be allocated to a company codec. A controlling area and a company code must have the same local currency.

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d. A business area and a company code are assigned to each other in the corporate structure IMG

7. The productive indicator in the Company Code controls the following.a. Blocks Implementation Guide menu pathb. De-activates the delete documents and delete master data programsc. De-activates the Transport and Correction Request Systemd. Prevents the fiscal year variant from being changed in the Company Codee. Prevents the Chart OF accounts from being changed in the Company Code

8. Identify the correct statement a. Business area is defaulted to a Co code in FI.b. Business area is mapped to a co. code in controlling area.c. Business area is used for internal P&L a/c and Balance sheet.d. Business area if activated in FI will necessitate an assignment in controlling area

master record.e. Business area can be mapped to profit center in company in order to produce more

accurate P&L account.

Account Receivable9. Identify the correct statement(s) relating to how the main business processes are integrated

in the SAP R/3 System. ( Multi Choice)a. A goods receipt is the recording of the movement of materials into the warehouse. In

SAP, a financial document which updates the inventory account and an accrued liability account is created

b. The Invoice receipt and verification process compares the vendor invoice with the purchase order and goods receipt. However, the corresponding financial transaction must be entered through the financial module of R/3.

c. In SAP, payment processing reduces the liability to a vendor and a company codes cash balance, records discounts taken and disburses payment.

d. A customer delivery is the transfer of the ownership of goods. A customer delivery includes, creation of a delivery document, picking the goods for shipment; physically transferring the goods to the customer and financially recording the goods issue.

10. Please click on the button next to the correct answer.a. The business area can run across many company codes, i.e. all company codes can

post in all business areas.b. A company code may belong to more than One Controlling Area.c. Each company codes uses exactly one operating chart of accounts and one

controlling area for assignments d. Business areas are used to create internal balance sheets and income statements.

11. Which correspondence extracts all items in the chosen period from a customers account displays the balance carried forward balance and a closing balance of the account ?

a. Payment adviceb. Payment noticec. Account statementd. Dunning notice

12. Which of the following statements about creating customer master records are correct?a. An account group always gets assigned to a customer.b. The company code is always a required entry.c. The account number may be assigned by the user externally.d. Information on each screen may be defined in configuration as mandatory,

suppressed or optional, depending upon the account group.

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e. Information on each screen may be defined in configuration as mandatory, suppressed or optional, depending upon the company code.

13. Which of the following statements are correct?

a. A FI customer master is divided by client level and company code level.b. In case of one-time customer you have to enter the customers address in the

document itself.c. Address, control data, and reconciliation account are included in the client level of the

customer.d. The most efficient way to create master records is to work with the external number

range not internal number range. 14. Which of the following statements are correct?

a. If a customer is also a vendor, the system can include outstanding Accounts Receivable invoice items in payment program.

b. If a customer is also a vendor, the system can include outstanding Accounts Payable invoice items when you clear incoming payment receipts for the customer.

c. The reconciliation account defined on the customer master record is an account used to reconcile CO transactions back to FI.

d. All customer belonging to the same account group must be assigned to the same reconciliation account.

e. The alternative payer is used to transfer outstanding receivable item to the alternative payers account.

15. Which of following statements are correct? [mul]a. The customer master data comparison the customers in the legacy system with the

customers in the R/3 System.b. The customer master data comparison compares which master records are already

created in financial accounting but not yet created in sales and distribution.c. The customer master data comparison compares which master records are already

created in purchasing but not yet in sales and distribution.d. The customer mater data comparison checks whether the customer master record

contains a telephone number.

Vendor Master16. Which statement is true? (Multi)

a. In Vendor master record it is possible to activate a check for duplicate invoice at doc entry

b. If you delete a vendor master record, data is automatically deleted on both chart of account level and co. code level.

c. Changes to vendor master records can only be displayed using central function.d. You can block a vendor to prevent financial transaction postings for one co. code or

for all co. codes.e. Bank master data for vendor can only be created with in customizing.

17. Which of the following statement about one time account are correct. a. Must use account group defined for one time vendor.b. One time account group must use defined number range.

18. Which of the following about vendor transaction is correct. (Multi)a. Vendor down payment is shown on balance sheet under normal reconciliation

account for payables.b. Special g/l transaction is one, which is included in spl purpose ledger under coding

block in G/L account.c. A vendor down payment request cannot be included in payment program to produce

down payment

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d. A vendor down payment request is a noted item.e. A vendor down payment is cleared after final invoice is received from vendor.

19. Which is correct. a. Customer master is divided only by client level & co. code level.b. In case of one time customer – customer address in entry.

20. Which is correct. a. If a customer is also a vendor system includes outstanding account receivables

invoice items in the payment program.b. If a customer is also a vendor system includes outstanding account receivables

invoice items in the clearing.

21. Which of the following statement affect creating customer master records are correct. a. An account group gets assigned to customer b. Co. code is always a reqd entry.c. Account number may be assigned externally.

Automatic Payment Program

22. Which of the Following statements about automatic payment are correct ?a. In automatic payment procedures, all incoming invoices as of the second dunning

level are paid automaticallyb. Direct debiting or bank collection can be used in automatic payment procedures to

clear customer invoicesc. Open items posted to G/L accounts can be cleared using the payment programd. Special G/L transactions(down payment)can be posted using the payment programe. The payment program can pay vendor invoices using wire transfers and checks

23. Imagine the following scenario:

A company wants to execute a payment run on a daily basis and process several company codes at the same time. If the amount exceeds US$ 1000, the vendors are to be paid by bank transfer, amounts less than US$ 1000 are to be paid by check. The customer has two house banks and wants all checks to be processed by bank A and all

a. You store variants for print programs within customizing. Here you can specify that the information is to be output to a data carrier. (F110 and not in FBZP)

b. You specify, per house bank, whether payments are to be made by check only or also by transfer

c. You specify the payment method from within the application,in the master recordd. The payment proposal of the automatic payment program can only be displayede. You can precisely schedule the print program from within the application

24. According th which criteria does the payment program determine and select open items:

a. posting date and baseline dateb. document date and posting datec. baseline date and payment termsd. posting date and cash discount periodse. posting date and payment terms

25. Which of the following statements are true with regard to the customizing setting for banks in

the automatic payment run ?a. The sequence of the banks for processing outgoing payments is selected randomlyb. You can only determine one payment method per house bankc. You can select several payment methods per country

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d. You can specify by bank and method the anticipated number of days before the bank account is debited

e. You can determine the banks to be used for payments according to postal code 26. Which of the following factors does the systems take into account in a payment run ?

a. Fiscal year variantb. Payment method specifications in the IMGc. Specifications in the vendor master recordsd. Information in the documents(incoming invoices)e. Specifications made when maintaining the payment run parameters

27. Identify the correct statement(s). (Multi)a. The vendor master record is divided into three different data areas; General data,

Accounting data and Purchasing data.b. When the goods receipt is posted, the system automatically updates the general

Ledger accounts by the value of the goods receipt. It is also possible to include an additional account assignment object such as cost center, order or asset.

c. MM and FI set up and use different account groups for their respective view of the vendor master record.

d. The account group determines the number interval for assigning the account Number to the vendor, whether or not the number in internally or externally Assigned, and what fields are mandatory, suppressed, displayed and optional

e. A purchase requisition is a binding contract with a vendor to supply certain materials or Services based on certain terms and conditions.

28. Suppose that one company is used as both a vendor and a customer. Which of the following statements are correct regarding creating linked customer and vendor master records for this company? (Multi)

a. Only one business partner master record is created, with client level, purchasing, sales, And accounting data. This prevents the creation of redundant master data.

b. If the master records are linked correctly. The vendor and the customer line items will be posted to the same reconciliation account.

c. The corresponding vendor master number must be entered in the client level of the customer master record and vice versa.

d. The vendor and customer records that are to be linked may have different account numbers.

e. Once properly linked, sales invoices and purchase invoices for this company will automatically clear against each other.

29. Which of the following statements about transactions are correct? (Multi)a. An invoice may be parked by an accounts clerk and a workflow message sent

Automatically to the supervisor.b. Credit memos can be included in the payment program to reduce the final invoice

Value paid.c. A parked invoice has a temporary document number assigned by the user.d. An invoice which has been cleared by the payment program can only be reversed

After the cleared line items have been reset.e. An individual cheque cannot be printed automatically when you manually post an

Outgoing payment.

30. Which of the following statements about one time accounts are correct? (Multi)

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a. One time accounts must use an account group which has been defined specifically for one time accounts.

b. A one time account group must use a different number range from all other account Groups.

c. The vendor’s name and address are not held in the one time account master record.d. Credit memos cannot be created for a one time vendor account.e. You cannot change a one time account master record once it has been created.

31. Between which functions in the FI-MM module does a direct relationship exist? (Multi)a. Requirement planning- Invoice Verificationb. Invoice verification- Account Payable.c. Inventory Audit- Invoice Verification.d. Purchasing – Invoice Verification.e. Goods issue to a production order – G/L account.

Bank

32. Which of the following statements are correct ?a. When creating a House bank, you do not need to specify the country.b. The payments program can use a different House bank for each different payment

methodc. A House bank account can be defined in more than one currencyd. House bank master data must be created in advance, before assigning the House

bank to a payment method in the payment program configuratione. A house bank can be assigned to a business area within the payment program

configuration

33. In a Payment method definition a. Define a maximum and min paymentb. Define house bank linkc. Define allowed currency for company coded. Define allowed currency for country level

34. Which of the following statements about House banks are correct.a. House bank is linked in all FI Accounting masters b. House bank Account ID is linked in all FI accounting mastersc. House Bank currency is controlled by Vendor masterd. Vendor Master currency controls AP paymente. Payment method currency alone controls House Bank account ID postings to GL

35. Which of the following statements about creating customer master records are correct?

a. An account group always gets assigned to a customer.b. The company code is always a required entry.c. The account number may be assigned by the user externally.d. Information on each screen may be defined in configuration as mandatory,

suppressed or optional, depending upon the account group.e. Information on each screen may be defined in configuration as mandatory,

suppressed or optional, depending upon the company code.

36 . Which of the following order types are internal orders?a. Capital investment orders for creating assets.b. Maintenance orders.c. Sales orders for make-to-order functiond. CO production orders.

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37. Which of the following statements are correct regarding Internal Orders?a. Once an order has been released, only closing entries can be made.b. Transactions can be allowed or disallowed depending in the order status.c. Additional order status categories can be created in the order master.

Environment

38 That system tool allows you to add graphics, re-arrange fields, add pushbuttons and change input fields into radio buttons?

a. GuiXTb. GuiCapturec. SAPGuid. SAPShowe. Profile Generator

38 Which of the following can you add to a Favorites list?

a. Filesb. Transactionsc. Web addressd. Reportse. User menus

40 The date format can be defined by the following:a. Countryb. System.c. User.d. Companye. Plant

Closing

41 Which of the following statements regarding year-end closing are correct?a. The balance carry forward program can be run at any time during the fiscal year.b. The system creates the balance carried forward for every balance sheet account for

new fiscal year.c. The p&l accounts balance is transferred to a Retained Earnings account. You

determine the retained earning account as part of the selection criteria when executing the Balance Carry Forward program.

d. Posting during the Balance Carry forward program is possible.

Currency42. The en entering a document using a foreign currency, which date is used to determine the exchange rate if the translation date is not entered ?

a. Posting dateb. Document datec. Baseline dated. Entry date

43. Which type of currency will R/3 always track when posting a document? (Single)a. Local currencyb Group currencyc Transaction currencyd Group & transaction currency

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e Local & transaction currency.

Posting Period

44. Where are posting periods defined?a. Posting period variant.b. Fiscal year variant.c. Field status variant.d. Closing period variant

Document Control

45 Which of the following statements supports the reversal of a document?a. The original document contains no cleared line items.b. Documents originating in other modules should be corrected there to allow the

changes to flow naturally through to financial accounting.c. If a reversal date is not specified, the system reverses the document using the

posting date of the document to be reversed.d. A new document number is created for the reversal document.

46 Choose the correct statements regarding recurring documents.

a. When creating a recurring document, the valid time period must be defined.b. The posting date is determined by either the run date or the run schedule.c. Field values can be changed in recurring document.d. After running the recurring document posting, the next run date cannot be

displayed.e. The original recurring document can be deleted from the batch input menu.

47. bulk change of line item - this function allows you to change a whole group of line items simultaneously, instead of having to change individual items in the documents. What data can you change using this function?

a. The reconciliation accountb. The company codec. The payment terms and payment blockd. The house bank and payment method

48. which of the following statements are correct?[mul]

a. Posting keys are used to define the screen layout for document entry and take priority over other field status groups.

b. Validations and substitutions can be carried out in FI but not in the Special Purpose Ledger

c. The main purpose of a payment advice note is that it can be used to automatically search for and then compare open items as part of the clearing process, thus eliminating the need to make individual selection entries.

d. Two of the currencies available in the FI system are the transaction currency and the company code currency, these are defined at country level within configuration.

49. Which of the following statements in correct?[single]a. The field status definition controls the Document type, Posting key and

Account number.b. The documents number assignment can be controlled using the Account

type.c. The tax rates and tax codes for the various countries are predefined by SAP.

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d. The field status definitions determine the screen layout, when you enter a document using the relevant G/L account.

e. The document type controls which company code is used in a G/L posting.

50. What controls whether a line item is a debit or credit and specifies the type of account for a line item. (Single)

a. Posting key.b. Document typec. Account groupd. Field status

51. What controls the number assignment assigned to a financial document in R/3 (single).a. The number range assigned to the account group.b. The number range assigned to the document typec. The number range assigned to the Posting keyd. The field status group

52. Closing of period is controlled by. (Single).a. Posting Period variant.b. Fiscal year variant.c. Field status variant.d. Closing period variant.

53. Where are the posting period defined. (Single)a. Posting period variant.b. Fiscal year variant.c. Field status variantd. Closing period variant

54. What is the difference between distribution and assessments?a. Distribution can be made for both planned and actual figures; assessments

cannot.b. Distributions can be made using statistical key figures; assessments cannot.c. Distributions are used when the original cost information is necessary on the

receiver; assessments are used when this information is not necessary on the receiver.

d. Distributions are made using the original primary cost elements; assessments are made using secondary cost elements.

55. Out of the following select the right answers

a. Cost element category controls FI posting only.b. Cost element is a must for all GL accountsc. All P&L GL accounts except tax accounts should be cost element.d. All cost elements are linked to Activity type.

56. Activity types can be

a. restricted for a single cost center directly b. created for a restricted period onlyc. created with primary cost element assignmentd. All activity types are used in Cost center planning without any restriction.e. Planning of price is done for a activity for all cost centers

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57. Select out of the following which statements are correct.

a. Cost center can be defaulted in all FI line items in all GL accountsb. Internal order can be defaulted in all FI line items in all GL accountsc. Cost center can be defaulted in GL accounts provided it is assigned

to company code.d. Cost center is linked to company code as Chart of accounts is linked

to the same company code. e. Time dependant data is possible in Cost center, cost element,

Activity type and SKFs

Reports

58. Which of the following statements about financial reporting are correct?a. A financial statement version displays either a balance sheet or a profit and lost statement, not both.b. When displaying a financial statement, the system can automatically

calculate the profit and loss statement result.c. You can obtain a summarized financial statement for any hierarchy level

defined in the financial statement version.d. The system can translate a financial statement into any currency for reporting

purposes.e. A financial statement version cannot include more than one company code,

unless you are using FI-LC

General Ledger Account

59. An account group.[mul]a. Defines the number range for a mater record.b. Uses a field status group to control the field layout for the maintenance of mater

records.c. Determines one-time accounts for accounts payable and accounts receivable.d. Is defined for every company code.

60. You have several options for creating G/L accounts . Which of the following statements are

corrent?[mul]a. You can create a G/L account in a company code without using a sample

account.b. You can create a G/L account in chart of accounts.c. You can create a G/L account in a company code using a samples account.d. You can create a G/L in a controlling area if you specify the chart of accounts

and the company code.e. You can create a G/L account when settling an order.

61. Which of the following statements are correct regarding open item management?[mul]

a. In order to manage line items as open and cleared for venders and customers the open item management¡± Indicator must be on in the reconciliation account master record.

b. Vendor and customer account are always open item management accounts.c. In order to be able to manage line items as open and cleared, the line item

display indicator must be on in the G/L account mater record.d. I order to be able to manage line item as open and cleared, the open item

management indicator must be on in the G/L account master record.

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e. In order to be able to manage line items as open and cleared, the sort key must be defined as the document number.

62. When you create a G/L account the following entries must always be assigned to the accounta. Account Group.b. Balance sheet a/c or P&l a/c & P&L statement type.c. Short text.d. Sample account numbere. Consolidation trading partner.

63. Which of the following are true:a. Multiple currencies can be assigned in G/L master record to facilitate reporting.b. Key words may be input as search criteria on a G/L master for use with only one

Co. codec. A G/L account will have the changes made to it if any tracked in a separate data

base.d. All G/L Balance Sheet accounts are marked with Account type B.

64. The primary cost element is one type of master data in Controlling. Before you can create a new primary cost element, certain prerequisites need to be fulfilled Which of the following conditions must be fulfilled BEFORE you can create primary cost elements? (37-2)

a. The controlling area must be defined.b. The cost center must be defined.c. The G/L account must be defined.d. The plant must be in the system.e. The business areas have been defined.

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