ACADEMY: FINANCIAL ACCOUNTING

FI PAPER - 12
1. Company codes attached to the same controlling area have
a. same operational COA
b. same country COA
c. same group COA
d. different operational COA
2. every transaction results in a document
a. partially true
b. completely true
c. completely false
3. the field status of the text field in the header of a document is controlled by
a. account type
b. document type
c. field status group
d. posting key
. !hich of the statements are true
a. "A# supports a maximum of $$$ line items
b. "A# supports a minimum of 1 line item %except for noted item&
c. 'he transaction figures in a document need to match
(. Cross company posting is possible for companies !ith different COA
a. Completely true
b. Completely false
). *econciliation accounts are updated on a daily basis
a. completely true
b. partially false
c. completely false
+. the field status of the field group account number in the ,-. master is controlled
by the account group
a. completely true
b. partially true
c. completely false
/. the field status of the fields in the company code data are controlled by
a. account group
b. account type
c. transaction-activity type
d. chart of accounts
$. the rates of tax is defined in the account key
a. partially true
b. completely true
c. completely false
10. the alternative account number is a free flo!ing field
a. partially true
b. completely true
c. completely false
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ACADEMY: FINANCIAL ACCOUNTING
FI PAPER - 12
11. 1set data sets the dcata permanently in the system2 !hereas the hold data
function does it till the session is on
a. partially true
b. completely true
c. completely false
12. !hen the same field has both a validation rule and a substitution rule
a. 3t causes an error
b. validation takes priority
c. substitution takes priority
d. the rule that !as created first takes priority
13. the cross company code transaction number is taken from its document type
a. completely true
b. partially false
c. completely false
1. for every ,-. account2 a primary cost element needs to be created immediately if
the company code is assigned to a controlling area
a. completely true
b. partially true
c. completely false
1(. a fiscal year that is a same as a calendar year needs a year dependent fiscal year
variant
a. completely true
b. partially true
c. completely false
1). many business areas can be assigned to one company code
a. completely true
b. partially false
c. completely false
1+. every company code can have only one cash 4ournal
a. completely true
b. partially false
c. completely false
1/. every line item of a document needs to have a uni5ue posting key
a. completely true
b. partially false
c. completely false
1$. the document number range for reconciliation accounts can have external
numbering
a. completely true
b. partially false
c. completely false
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ACADEMY: FINANCIAL ACCOUNTING
FI PAPER - 12
20. if business area balance sheets are enabled for a company code2 then the field
business area in the account assignment screen can be
a. suppressed
b. optional
c. display
d. re5uired
21. field status groups are created at the client level
a. completely true
b. partially false
c. completely false
22. there can be any number of posting periods open for a company code
a. partially true
b. completely true
c. completely false
23. posting periods can be closed automatically by giving a deadline date
a. completely true
b. partially false
c. completely false
2. keeping posting period for account type 6 open allo!s
a. creating a document header for the posting period
b. creating all line items for the posting period
c. creating line items for account types !hich have been assigned to 6
d. creating line items for account types !hose posting period is open
2(. a vendor invoice needs a ,* to be posted
a. completely true
b. partially true
c. completely false
2). for getting the transaction figures for an account line item display needs to be
activated
a. completely true
b. partially false
c. completely false
2+. all line item display accounts need to be open item managed
a. completely true
b. partially false
c. completely false
2/. documents cannot be reversed
a. if the company code does not allo! negative postings
b. if document type does not allo! negative postings
c. if the document type does not have a reversal document type attached to it
d. if no reversal reason is created and assigned
2$. base line date is
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ACADEMY: FINANCIAL ACCOUNTING
FI PAPER - 12
a. the document date
b. posting date
c. entry date
d. all of the above
e. any of the above
30. base currency is assigned to the company code
a. completely true
b. partially false
c. completely false
31. tax calculation rules are controlled by
a. condition types
b. account key
c. tax code
d. tax procedures
32. every company code must have
a. operational COA
b. a country COA
c. a group COA
d. at least t!o COAs
33. the account group must be for #7. items for accounts !hich are #7. accounts
a. completely true
b. partially false
c. completely false
3. every house bank needs to have at least one account id
a. completely true
b. partially false
c. completely false
3(. bank ,-. accounts are assigned to house banks2 and all accounts under the house
bank have the same ,-. account
a. partially true
b. completely true
c. partially false
d. completely false
3). the user can create his o!n transactions types for cash 4ournal business
transactions
a. completely true
b. partially false
c. completely false
3+. noted items
a. create only one line item
b. need to be identified in the special ,-. transaction type as a noted item
c. are al!ays available for credit control
3/. !hich of the follo!ing statements are true
a. special ,-. items post into a separate reconciliation account
b. the reconciliation account for the special ,-. transactions is defined per
company code
c. statistical postings create only one line item
KEY
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ACADEMY: FINANCIAL ACCOUNTING
FI PAPER - 12
1. A2C
2. 8
3. 8
. A2C
(. A
). C
+. C
/. A2C
$. C
10. A
11. A
12. C
13. C
1. C
1(. C
1). C
1+. C
1/. C
1$. C
20. C
21. C
22. 8
23. C
2. A
2(. C
2). C
2+. C
2/. 9
2$. :
30. C
31. 9
32. A
33. C
3. A
3(. 9
3). C
3+. A28
3/. A
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