FI Frequent Asked Questions

1) Tell me about FI Organizational structure.

a. Co basis setting (Company, Company Code, Business Area, Chart of

Accounts, Fiscal Year variant)

2) How many Normal and Special periods will be there in fiscal year,
why do u use special periods?

a. 12 normal and we can use up 4 special periods for the fiscal year
and we use special period for any financial adjustment entries (book
adjust. Tax adjust) in the last period like auditor suggestions.

3) Where do you open and close periods?

a. PPV - OB52 (IMG>FA>FAGS>Doc-period-open and close posting period)

on accounting types considering GL accounts.

4) What do you enter in Company code Global settings?

a. OBY6 Co Code, name, address, country, currency and language,

business area balance sheet, propose default value date, propose
fiscal year, negative posting allowed 4 digit alphanumeric key.

5) What is document type, and what does it control? Examples.

a. Determines where there the doc to be posted and control Credit and
Debit, and no. of range; also you can make ref, and header field for
header data as required entry also helps filing of physical document.

6) What is posting key and what does it control?

a. Is a key which is used to classify accounting doc and distinguish

between business transactions controls the posting to accounting type
assigns doc numbers determines which side to be posted, what accounts
to be posted and field status of line item.
7) What is field status group, what does it control?

a. It a hierarchical structure where there are all related field on

clubbed under one field status group. Control the fields that are
displayed while entering any doc. Is a group of fields with their
different statuses, control the field status at line item level doc
entry. Is mandatory field in GL creation.

8)What is chart of account and how many charts of accounts can be

assigned to a company?

a. Is the top level of all the financial structure, contains the list
of all G/L accounts, we define all the accounts and one chart of
accounts is assign to one co code, and one chart of account can be
assigned to many co codes. Its a list of G/L and total 3 coa total 3
you can assign. This CoA is the operating CoA and is used for the
daily postings.

9) What does definition of a chart of account contains?

a. The account number, account name, language, length, cost element,

blocking information that controls how an account functions and how a
G/L account is created in Co code. CoA key.

10) Can one CoA be assigned to several companies?

a. Yes, any no. of Co code, it is variant.

11) What is account group and what does it control?

a. Determines which fields you can configure on the GL master record.

It is necessary to have at least 2, one for B/S and another for P&L.
It controls the number ranges of GL. The status fields of the master
record of GL belong to Co code area.

12) What is reconciliation account; can you directly enter documents

in that a/c?

a. When you post items to a subsidiary ledger, the system

automatically post the same data to the general ledger. Each
subsidiary ledger has one or more reconciliation accounts in the
general ledger. We cant use recon accounts for direct postings.

13) How do you control field status of GL master records and from
where do you control.

a. Field status variant is maintained all FSGs.

14) What are the segments of GL master record?

a. CoA segment, A/C groups, Nature of accounts, Short Text, G/L

account long text, Trading Partner, Group Account number, Co code
segment, Account currency, Tax, Reconciliation a/c for a/c type.

15) What does Field status group assigned to a GL master record

controls?

a. In controls the account assignments that are made to the account.

Specifically the field status group controls whether postings to cost
centers, internal orders, profitability segments and so on are
required, not allowed (suppressed), or optional.

16) What is Country and operational chart of account? Why do you use
group chart of account?

a. Country CoA, is used for legal specific requirement of each

country, its additional and optional. Operational COA is a day to
day activities its mandatory. Group CoA used for consolidation of Co
code, its for group consolidation purpose.

17) What are all the segments in a Customer/Vendor master record?

a. Segments in Customer: General Data segment, Co code segment. Sales

area segment Segments in Vendor: General data segment, Co code
segment, purchasing organization segment.

18) What is open line item management? What do you mean by clearing
open line items?

a. Is further reconciliation function. OIM allows you to display the

open and cleared items and amounts in an account. OIM should be used
if an offsetting entry is made for every line item posted en the
account. The a/c is reconciled and cleared against another account.
Ex.: Salary clearing account and GR/IR clearing account.

19) What is residual payment and part payment?

a. It clears original invoice with incoming amount and create new

line item for remaining outstanding amount. Partial payment it leaves
the original invoice amount and creates new line item for income
amount.
20) What is internal and external number ranges?

a. Internal: Doc number will be providing by the system automatically

in serial order allotting the next available progressive number (must
to be in number). External: Doc number will be given manually by the
end user. System will not lock number automatically in this case.
User can pick the number randomly. Number may be an alpha numeric.

21) What controls the Customer/Vendor master records field status?

a. The layout of the display doc. It tell us which field is only for
display/suppress/mandatory or Optional.

22) What is sub ledger? How is it linked to GL?

a. Accounting which encompasses a sub ledger as a debtors, creditor

or assets. Sub ledger provide more detailed information on the
reconciliation account in GL.

23) What is house bank, bank key?

a. Its the first step in configuring the A/P sub module. House of
banks are the banks your Co uses for banking purpose. In US bank key
is ABA number. FI12

24) Why do you use Bank Type in customer/vendor master records?

a. Data recorded containing all the information necessary for any

contact which a certain vendor in particular to carrying out the
business transaction.

25) How do you identify a document?

a. Its a proof of business transaction. A distinction is made

between original documents and data processing DP.

26) Tell about standard document types.

a. Key that distinguishes the business transaction to be posted.

Determine where the document is stored as well as the accounts types
to be posted.
27) How do you control Document line item fields?

a. Display of posting according to transaction and document number.

28) Can one posting variant be used by several companies?

a. Yes. The posting variant is open for each Co code. OBBO

29) What is tolerance group?

a. 3, Employee, GL a/c, Customer/Vendor SPRO -> FA -> AR/AP ->

Business Transactions -> Incoming Payments -> Manual Incoming
Payments -> Define tolerance (Customers);

30) What does document header control?

a. posting date, doc number, doc type, currency, doc date, doc header
text

31) What is the fundamental behind Field Status Groups where all
Assignments what for used?

a. Controls the account assignments that are made to the account.

Specifically, the field status group controls whether postings to
cost centers, internal orders It is important to remember that the
field status of your account must mesh with field status group of the
posting key and MM movement type.

32) After entering a document can you delete the entry? Can you
change the document? Which fields can/not is changed?

a. Doc Header cant be changed, after posting the document, just by

the reversal entry.

33) What is a special GL transaction?

a. Other than AP & AR is called the special GL transaction (bill of

exchange, Interest payable, acquisition)
34) What is reversal posting?

a. Reversal of a posting an identical amount to the opposite side of

account, thereby offsetting the original amount.

35) How do you reverse cleared documents?

a. By doing reversal posting.

36) What is base line date? Why is that used? Can this be changed?

a. Is the due date. For payment terms,

37) What is park document and held document? (Differences)

a. Park is an incomplete document they can be completed, checked, and

then posted at a later date. Hold document is keeping a part they
dont update any account balance.

38) What are the statistical key figures and what are they used for?

a. It is a third piece of master data used in Cost Center Accounting,

are used to track quantities and values for various operating
activities.

39) How many statistical objects can be selected in when you post
an FI document where CCtr, PCtr, OM are active?

a. Only two

40) What is automatic payment programmer? What are all the steps to
configure it?

a. FBZP House of banks> Co code> create

41) What are all the settings you need to do before running the
automatic payment?

a. F110 Environment> maintain Config> payment methods> Co code>

expand form data> change.

42) What is dunning? What is dunning level..? How many dunning levels
can be configured?

a. In SAP dunning means giving remainder to customers, max dunning

levels are 9. FBMP define dunning procedure ID, dunning change,
dunning level tab. Where mention when dunning notice should be sent.

43) What is asset class? What are depreciation areas?

a. The main criteria for classifying fixed assets according to legal

and management requirements. AFAMA

44) What is asset master?

a. The asset master record contains all information relating to an

asset that remains unchanged over a long period of time (technical
master data, organizational allocation).

45) What is integration between FI and other modules?

a. Is allocation of GL account (SD/MM) for the revenue account

determination VKOA

46) Hwy do you need to have integration with SD and MM modules?

a. For automatic posting to GL account in financial accounting and

costing accounting.

47) Tell me Journal entries passed in system from the time of good
receipt to payment.

a. Set up outgoing payments to vendor

48) What is GR/IR account? Why do you maintain that? Explain the
importance of GR/IR clearing account.

a. Good receipt and Invoice receipt is the system in logistic Invoice

verification.
49) Tell me the procedure of purchase (need to explain from Purchase
requisition till payment), and tell me when and what entries do you
pass?

a. In MM, the procurement process is conclude by the invoice

verification process, during which invoices and credit memos are
entered and the contents and price are checked for accuracy

50) What is business area? Can you assign it to a company?

a. Organizational unit of financial accounting that represents a

separate area of operations or responsibilities within an
organization and which value changes recorded in financial accounting
can be allocated; it is used in internal segment reporting. The
function of business areas is to create balance sheets and P&L
statement below the Co code level.

51) What are financial versions?

a. Financial Statement versions are assigned to the Co code when

preparing the standard balance sheet and income statement reports.

52) Depreciation Keys?

A. Key for calculating depreciation amounts. The depreciation key

controls the following for each asset.

53) How due date of a document is calculated?

a. You must specify the periods in the payment run

54) What is special purpose ledger?

a. we can use it for statutory reporting or management report. Its

help us in doing single entry, adjustment posting.

55) What is the purpose of Activity Type?

a. Is a unit in a Controlling area that classifies the activities

performed in a cost center (Activity types in production cost center
are machine hours or finish units).

56) How are revenues dealt with cost center accounting?

a. OKB9

57) What is accrual calculation?

a. Show all business transactions occurred during a particular
accounting period.

58) What is the purpose of version?

a. Utilization of version control, or maintaining multiple planning

versions, can enhance a Co build complex planning scenarios. Enable
you to perform consolidations using different valuations and run
separate comparisons and simulations based on different financial
statement data.

59) What is the main control parameter for settlement?

a.

60) Tell me about Consolidation;

a. The merge data of a corporate group to from consolidated

statements. The consolidation system supports different types of
consolidated statements to meet legal requirements for external
finance reporting as well as internal purposes. Types of
consolidation are supported: Co , BA, profit center.

61) Reconciliation Ledger.

a. is used for summarized display of values that appear in more

detailed form in transaction data

62) Explain the terms segment and cycle?

a. Segments are the individual rules through which an allocation

determines what and how to assess. Related segments are grouped
together in what is called a cycle.

63) What is the fundamental behind Field Status Groups - where all
Assignments - what for used - master data level assignments?

a. You have to define field status outside of the master record. Mark
the field status you need for each field or field group under a field
status group. Then assign the field status group to individual G/L
accounts in the G/L account master records.

64) What about the posting periods? What config. You need to explain
the screen?
a. The fiscal year variant determines the posting periods to be used
by our Co. SAP allows maximum of 16 periods each fiscal year.

65) FI has to be closed first and then only CO?

a. Yes have to be close before.

66) Financial Statement Versionpurpose etc

a. FSV group together related accounts into balance sheet and income
statement format for financial reporting purposes. OB58. SAP uses the
FSV assigned to the Co code when preparing the standard balance sheet
and income statement reports in the system.

67) Settlement of Internal Orders?

a. Costs are incurred on the order through goods issues or receipts,

journal entries, internal activity allocations, or other settlements.

68) Go Live and Cutover plan?

a. The Cutover activities are specified in ASAP Cutover Plan and

include setting up and the production system, closing legacy systems,
and manually entering data in new system.

69) What is a client in an R3 System? (Multi)

a. The Highest Level element of all organizational units is the

client.

b. The object for authorizations.

c. The object for SD customizing only

d. The object for FICO customizing only

e. The object for SAP programs.

70) Name the relevant answers from below which are correct about the
company code element in SAP;

a. It is a unit included in a balance sheet of a legally independent

enterprise. It is the central organizational element of Financial
Accounting.

b. It is linked to controlling area from a year for transactions with

particular CO modules

c. It is linked to Group Chart of accounts directly.

d. It is linked to Screen Variants for certain transaction entry.

e. It is linked to additional entries to be passed for Purchase

Accounting.

71) Name the statements about controlling area which are true in R/3
system?

a. It can be deleted from any fiscal year after posting

b. It can link many companies to it.

c. Controlling areas when created and attached to company code starts

reflecting in transactions.

d. Only one standard hierarchy is attached to controlling area level

in CO.

e. Controlling areas represents the internal management organization

structure.

72) State about the Customer master data which is true.

a. Transaction line items records that remain in the database for a

long period of time are called master data.

b. Customer master can be linked to Vendor data in transactions only

through General Segment data.

c. Payment method for Incoming is defined at customer master level.

d. We can define a customer master without Name mentioned on the
master.

e. Number ranges to be entered and mandatory for creating and saving

customer master.

73) Cycle definition takes care of following elements

a. Cost center,

b. Internal order

c. Profit Center

d. Cost Element

e. SKF

74) Cycle definition is available for following objects;

a. Cost Center

b. Distribution

c. Assessment

d. Internal Order

e. Profit Center.

75) Which are period end closing jobs in CO ...

a. Assessment

b. Distribution

c. Reposting Line items

d. Period Lock

e. BA/PC adjustment run.

76) What you are selected as a consultant and customer wants
following process to be activated in SAP. As a consultant please
suggest the modules to be implemented.

Business Process : Customer who is having one Publicity department

for his many companies, interested in getting the figures of Budget
for certain exhibition expenses to be done by strict adherance to
budget . Publicity expenses to be captured for information-
separately and in the original Publicity department.

a. Profit Center

b. Cost Center

c. Cost Element

d. Internal Order

e. Activity types

77) Out of the following masters select the ones which can be blocked
for Transactions in FI?

a. Bank Master

b. Cost Center

c. GL Account

d. Ship to party customer

e. Activity Type

78) When you run an assessment; (Single)

a. You can select multiple cycles;

b. You can select multiple cycles and multiple segments within the
cycle;

c. You can select multiple cycles with selective single segment;

d. You can select multiple cycles with selective any segments

within that;
79) Out of the following masters select the one which can be
deleted after going live in easy access menu.

a. All controlling area masters

b. All FI masters

c. All Bank Masters

d. All of the above

e. None of the above

80) GL account assignments for automatic postings are done at

a. Company code level

b. Chart of accounts level

c. Controlling area Level

d. Cost Element Level

e. Year specific

81) CO tool period lock can be used to block transactions

a. at a Controlling area level only

b. at Controlling area, fiscal year level only

c. at Controlling area , Fiscal year, Version level only

d. at control-area , Fiscal year, Version, Plan/Actual level only

e. Not possible

82) Out of the following which are correct statements

a. Enjoy SAP screen controls can be made at user level for GL entries
only.

b. User level settings are possible for currency transactions

c. User level settings are made for Printer defaults

d. User level settings are possible for document display and

selection of open items.
e. User can edit Period and post to that period in a document without
checking any other settings.

83) Posting Keys controls (Multi)

a. Payment Transactions

b. Special GL Transactions

c. Vendor/ Customer/ Asset Transaction

d. GL and automatic postings

e. Sales related transactions

84) Special GL Transaction definition controls postings (multi)

a. Sub-ledger or GL or Both

b. Only Sub-ledger

c. Both Sub-Ledger and GL

d. Only GL

e. Only sub-ledger account types - D, K, A

85) Which dates are taken into consideration while running a payment
run?

a. Customer due date

b. Vendor due date

c. Documents entered date

d. Vendors creation date

e. Value date of document

86) Profit Center can be defaulted from the following select the
right statements

a. Cost Element

b. Cost Center

c. Internal Order
d. Materials

e. Activity type

87) Out of the following select the correct statements

a. Business area field is mandatory in Cost center because I linked

one of the transactions to a BA in FI.

b. I can change the FI line item in CO by using FI document number

for cost objects assignments.

c. I can change the CO line item in CO by using CO document number

for cost objects assignments.

d. I can reverse the FI document after doing Reposting of costs in

CO.

e. I can reverse the FI document linked to the transaction in CO, in

FI, by using CO document.

88) Select the correct statement from the following

a. I cannot assign multiple variants for different banks at the same

time for selection in an APP run.

b. Business area is not captured in Tax line items

c. Payment method cannot control the currency.

d. Payment method cannot be defaulted in the Line item of Vendor.

e. Activity manual allocation cannot be reversed.

89) Select the correct statements about currency.

a. Currency is defined at client level and can be controlled at user

level for transactions.

b. You will be able to define tolerances for employees, vendors and

customer currency wise.

c. Clearing settings can be done currency wise

d. Currency definition can be done with a validity.

e. You will be able to restrict a single Exchange rate type for a
currency irrespective of other settings.

90) You are entering a vendor document in enjoy sap screen. Select
the correct statements from the following:

a. System copies the document date from posting date as defined in

user level settings

b. System copies the Payment term from Vendor master record in

Payment screen of General Data as per vendor code entered

c. System copies the payment method mentioned in the vendor master of

company code data as per vendor code entered

d. System copies the Alternative payment vendor code mentioned in the

master in to the header data.

e. Displays name and address and Open item icon on the screen.

91) In the enjoy sap screen the user is not in a position to post the
document/save the document even after entering all the amounts and GL
accounts . You are requested to give the possible reasons for the
same.

a. entered amount not matching

b. In the fiscal year variant not defined the period for the year

c. Posting Period Variant is not defined for the company code.

d. Payment differences not defined in Tolerance Groups

e. Document Type does not allow manual posting or posting keys not
allow GL accounts.

92) Tax codes are defined at

a. Company level

b. Company code level

c. Business area level

d. Cost center level

e. Country level
93) Out of the following only one is correct. Please select

a. Company codes are created at client level and linked to company

codes

b. Fiscal year variant is created at client level and periods are

defined.

c. Period definitions in a fiscal year variant is attached to company

codes

d. Document types are defined at client level and attached to company

code

e. Document type controls only the account type, input type and 2
fields mandatory selection.

94) Select the correct statements

a. Posting key definition is only for selecting Debit/ credit posting

and account type

b. GL has can be created only for company code segment.

c. Reconciliation account definition is at GL Account Group and no

other definition in GL is required for the identification it as a
reconciliation account.

d. All vendor and customer accounts are maintained automatically by

the SAP system as an open item management.

e. Open item management is available for all accounts in GL and can

be changed anytime as per our wish.

95) Select the correct statements

a. Vendor masters can be created without any posting to be done in

accounting

b. Vendor/customer accounts can be created and linked to each other

in further transactions

c. Vendor accounts can be created and used in Purchasing but posting

can be diverted to another vendor account.

d. Field status definition in GL master record is a must for

transactions
e. Legal balance sheet is available at Profit center in SAP

96) You are entered a credit memo posting to vendor who is linked to
a customer on 1st of May 2003 for your company code but you have not
specifically entered the same data in customer till now. You have
lots of entries appearing in the vendor and customer account prior to
that date of May 2003 also.

You are making a manual payment to the vendor select out of the
following which statements are correct.

a. Credit memo document will get the special payment term as per
vendor master definition.

b. Customer items will not be shown while paying the vendor as

customer is not linked.

c. Customer items will be shown only postings after the date 1st May
2003.

d. All items of customer and vendor will be available for payment

provided payment is same from 1st May 2003.

e. All items of customer and vendor will be available for payment

provided Special GL items are also selected in selection screen
irrespective of the activation date.

97) Destination GL Validate from the following statements.

a. Currency in COA Segment controls all postings to GL

b. Reconciliation Account Type definition in Co code segment of GL

accounts controls all Sub- Ledger postings without any Reconciliation
for all real entries.

c. Event based posting theory of CO controls GL accounts requirements

d. Open item management for P&L account controls the transactions.

e. Post automatically only controls manual entry postings.

98) Validate the following statements about masters.(multi)

a. You can create as many company code segments for a GL a/c

b. Customer master automatically takes the account group into the

header when it is created.

c. The reason for Co code not appearing in Profit center is because

one company is attached to cost center.

d. The reason for co code field not appearing in cost center is

because cost center accounting is not active.

e. The reason for co code field not appearing in cost center is

because it is not required.
99) Confirm the following statements

a. We can create as many Cash journals for a company code for

transactions assigning to a single GL account.

b. Deletion of a parking document is possible provided you give a

reversal reason.

c. Change of a parking document is allowed at header level also

including document type before saving.

d. Grouping of accounts for display in FI is done through Account

Group functionality.

e. Grouping of elements for display in CO is done through Group

functionality.

100) One cost center produced multiple activities. Out of the

following what are settings required for activating and doing the
transaction.

a. Activity type definition with Cost center and Secondary cost

elements identified.

b. Activity types definition with Cost center categories and

Secondary cost elements identified with full validity.

c. Cost center should be available with the category created with

validity.

d. Planned price or Actual price definition for the period.

e. Assessment cycle defined for all cost primary and secondary cost
elements.

101) Clarify about the following statements about its correctness.

a. Document Type uses NUMBER ranges definition directly

b. Document Types can be defaulted at Company code level for enjoy

sap transactions.

c. Document Type can be made No Default as user level for

transactions.

d. Document type controls line item in transactions.

e. Document type is to be defaulted in cost center at the time of

Assessment and distribution.
102) Confirm the following statements

a. FI Document type is not defaulted anywhere in CO while

customizing.

b. FI document number is not available in CO for report once it is

transferred to CO.

c. FI document type is to be defined in Interest calculations, Bank

postings and program level.

d. FI document is year specific for a company code.

e. Document type is linked to Field status for header level in

document.

103) You are required to confirm the following statements

a. Project views are created for SAP reference IMG.

b. Project IMG is the same SAP reference IMG

c. Document types can be maintained in the project IMG

d. Status update is done automatically when we complete the

customizing in Project IMG.

e. SAP reference IMG contains all configurations including all IS

configuration modules by default.

104) Confirm the following statements about clearing

a. All payment documents are clearing document.

b. All clearing documents can be reversed any time by giving reversal

reason.

c. Clearing document does not create additional automatic entries.

d. Automatic clearing rules can be defined at Account type level and

for company code level.

e. Clearing tolerance is required to be defined at company code level

for automatic posting to another GL account
105) Valuation method in GL for foreign currency controls

a. Exchange Rate types to be used for debit/credit items

b. Document type for posting

c. Decides valuation procedure

d. Which account types to be considered for calculation

e. Which GL account to be posted when revaluated.

106) What are the options available for period-end closing in all
cases of Cost Center, Internal order and Profit Center.

a. Distribution

b. Assessment

c. Settlement

d. Carry forward of balances

e. Period Reposting

107) Select from the following correct statements applicable for

multiple company code scenario.

a. A Single Chart of Accounts

b. A Single Tolerance group

c. A Single Clearing Rule for Account types

d. A Single Customer master

e. A Single Internal Order.

f. A Single Business Area

g. A Single Profit Center

108) Select from the following correct statements applicable for a
multiple company code scenario.

a. Assessment Cycle

b. Manual Activity allocation

c. Payment to a vendor clearing with customer

d. Secondary cost element

e. Primary cost element

f. Internal order Group

109) Select from the following correct statements applicable to

customer/vendor relationships.

a. APP run

b. Manual Payment

c. Enjoy SAP screen entry.

110) select the objects from below where you will be able to change
the defaults created by CO objects in FI line item entry (multi);

a. Business area by Cost Element

b. Business area by Cost Center

c. Business area by Internal Order

d. Business area manual entry.

e. Cost Center by Cost Element

111) Partial entries can be generated by SAP (multi) Select correct

statements;

a. during Post with clearing

b. during manual payment

c. during automatic payment

d. during automatic clearing

e. during post without clearing

112) During the decision of residual posting (multi) Select correct
statements

a. You have to enter the balance amount outstanding

b. You have to correct the balance on the screen

c. Original entry is cleared fully with a new clearing document and

new entry is created with the Payment document

d. Original entry is cleared and new entry is generated with a single

document which acts as FI regular document and a clearing document.

e. It is available for display any time as per user level settings

113) Definition a Special GL indicator for Deposits received from

Vendor, is done at IMG at;

a. Down payments made

b. Down payments received

c. Other Special GL transactions for Vendors

d. Other Special GL transactions for Customers

e. Not possible

114) Confirm the following statements on number ranges (multi)

a. Number ranges for FI document types are maintained at Company code

level.

b. Number ranges for CO documents are created at individual CO

transaction level.

c. Number ranges can be same for different Account groups in Customer

d. Number ranges can be same for different Account group in Chart of

Accounts

e. Number ranges for all CO masters like Cost centers are maintained
at controlling area level.
115) Confirm the following about the reversal of documents

a. Payment document can be reversed like any document.

b. Mass Reversal functionality is available for GL documents only.

c. Reversal of any document can be done in FI once we give reversal

reason

d. Reversal of document is controlled by parameters in Document type

and CO area.

e. All documents can be reversed in FI including CO generated

documents.

116) Select the correct statement from the following (Single)

a. Fiscal year variant is defined at the company code for period

definition.

b. Posting Period variant is defined at the company code for

controlling postings of account types.

c. Field status variant is defined at the Client level and controls

the GL account postings at company code level.

d. Chart of Accounts can be created with single maintenance language

and can be blocked.

e. Financial statement version created separately and attached at

Chart of Accounts level.

117) Select the correct statements from the following (Single)

a. Company code is linked to chart of accounts for CO postings

b. Controlling area is linked to chart of accounts for taking FI

postings

c. Activity type is linked to Secondary Cost Element for FI postings

d. Vendor is always created in Company code because Purchasing is

done in company code.

e. Customer master is linked to chart of accounts through Account

Group.
118) Out of the following select all which may not be posting to GL
for transactions

a. Vendor Payment Request

b. Interest calculation for customer

c. Noted item in customer

d. Parking of Vendor invoice

e. Holding a document in enjoy SAP screen.

119) Out of the following select which is not true for a cost
element.

a. GL account for settlement of Internal Orders.

b. GL account for Taxes

c. GL account Plant and Machinery

d. GL account for booking forex valuation diff expenses

e. GL account for booking Cash discount.

120) Settlement Profile controls (Single)

a. Valid Receivers with conditions

b. Receivers with amount exceeding certain amount

c. Not to be settled irrespective of valid receiver definition with

conditions

d. the periodic settlement selection of period and year

e. user who is authorized to do the settlement.

121) Select the correct statements about the Payment to a vendor.

a. Payment screen of General data need to be completed with house

bank, payment method and no payment block for making a payment to a
vendor.

b. Invoice document should be within a due date of posting date for

selection in a manual payment run.

c. You will be able to correct the discount amount shown by the

system for the first line item only of selection

d. You will be able to do first line with partial screen and second
line with residual screen and post the document.

e. Exchange rate difference cannot be calculated for a partial

payment entry.

122) Choose the correct statements from the following.

a. Exchange rate difference cannot be calculated for a partial

payment at a company code level.

b. Payment is controlled by a posting key and cannot change.

c. Exchange rate type can be defaulted in Document types

d. Exchange rate type can be changed for payments

e. Exchange rate type can be entered for FI documents for posting for
conversion.

123) Choose the object which is linked directly to company code.

a. Company

b. Chart of Accounts

c. Business Area

d. Profit Center

e. Cost Element
124) Choose the master which is not linked to Profit Center directly
or indirectly for automatic derivation rule.

a. GL account

b. Vendor master

c. Cost Element

d. Cost Center

e. Customer Master.

125) Balances GL Account and CO Primary Cost Elements are not

matching select out of the following which statements are
correct.

a. In FI no entries posted, but in CO entries are posted.

b. In FI entries posted, but in CO no entries posted.

c. Internal transferred the data to FI object. Hence not matching

being a settlement cost element.

d. We have done Assessment in CO, hence it is not matching

e. We have done Distribution in CO hence it is not matching.

126) In FI Invoice transactions are not getting posted to a customer

account. Possible reasons can be

a. Customer sales view is not created.

b. Customer account is not defined as Cost Element in CO

c. Customer account is not defined for Profit center accounting.

d. Customer account is blocked for payment

e. Customer account link to GL not established.

127) You are required to confirm the functionalities available in SAP
from the following.

a. Customer can be created with all segments in a single option.

b. Mass changes are available for correction to line items of Vendor.

c. Mass Reversal is only possible for GL entries and not Vendor

entries.

d. Multiple customers and vendors can be selected for payment in an

APP run with difference due dates.

e. Minimum and maximum amount is stored in House bank level for

operations for APP run.

128) Confirm the following statements in SAP R/3- FI CO module.

a. Documents can change in CO without any effect in FI.

b. Documents can be changed in FI for CO objects after posting.

c. In Assessment cycle, we can transfer the Profit center to another

internal order which is statistical.

d. In CO Periodic reposting I can control the amounts and actual and

plan, periodically in the cycle definition.

e. Every FI posting to an Income and Expense account, value should

move to one Real Object and One Statistical object minimum.

129) Confirm the validity of following statements.

a. You can see the response time of transaction on line.

b. Document type display/change/suppress settings in a complex

posting transaction are available at user level.

c. In an enjoy SAP screen you can decide your fields for selection.

d. You will be able to create the lay-out for document display and
default it as user level.

e. At user level Printer can be defaulted.

130) Please confirm the following about the Business Area in SAP
a. This is an object for getting internal report from FI

b. This is an object for getting some report in CO

c. Business area can be defaulted in GL account level by a setting in

CO directly.

d. Business area object is captured in transactions only.

e. Business area can be defaulted automatically in all transactions

131) Select the correct statement about the open item management.

a. All accounts in a Chart of Accounts can be defined as Open item

managed.

b. All vendor accounts can be defined open item managed or not.

c. Definition of open item managed account is only for getting line

item display.

d. We can define company code wise definition for certain GL accounts

about the decision of open item managed or not.

e. All Open Item managed accounts should be locked as Auto posting

only for correctness.

132) Select the correct statements about the Masters

a. account group of chart of account controls fields of GL account in

a company code segment.

b. Account group of Customer controls fields of customer master data

of all segments but without customer-vendor relationship fields.

c. Cost Element, Cost Center, and Internal Order- all has some field
status definition of masters.

d. We can create customers and vendors without company code segment

screens and use it for transactions in other modules.

e. Posting of vendor can be diverted to another customer through the

field Head office in accounting screen of Company code segment.
133) Identify the correctness of following relationships.

a. Company code to Controlling Area

b. Company code to Profit Center

c. Company code to chart of accounts

d. Company code to Cost Element

e. Company code to Plants

134) Documents in FI is not available for payment in APP run.

Possible reasons can be

a. Vendor is defined as Head office account.

b. Vendor master payment method is only one.

c. House bank entry is not available in the master.

d. Tolerance group is not maintained for Vendor.

e. All Documents are with staggered payment terms

135) Document which contains an exchange difference accounting is

asked for display. Not able to see the exchange difference...
Possible reason can be (Single)

a. It is a cross company code transaction

b. User level settings

c. Lay out is not correct

d. There is no difference

e. Not possible in SAP

136) A client. (single)

a. contain only a single chart of accounts

b. can contain multiple charts of accounts in multiple currencies

c. only use one exchange rate type if no others defined

d. may only have one controlling area

137) State which the statements are as far as controlling area is

correct.

a. can add any number of company codes only for Profit center
accounting

b. can change standard hierarchy of cost center any time after

postings are done.

c. Date specific

d. Can use any fiscal year variant with no respect to company codes
assigned

e. Reconciliation Ledger is activated when we define controlling area

in Enterprise structure

138) Confirm the following statements about the CO

a. Settlement cost elements will be Primary only

b. Settlement cost elements will be Secondary only.

c. Settlement cost elements can be primary and secondary.

d. Assessment Cost elements can be Primary.

e. Distribution cost elements can be Secondary.

139) Out of the following select the one which has carried forward
functionality.

a. cost element

b. vendor

c. customer

d. cost center

e. profit center
140) You have several options for creating G/L accounts. Which of the
following statements are correct? (multi)

a. You can create a G/L account for a company code alone.

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 reference

account of another company code.

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 and simultaneously from the same
screen option create a cost element.

141) Which of the following statements are corrects as regards a

Financial statement version.

a. Can be created for a company code

b. Can be created for 2 company codes

c. Can be created for multiple company codes using same chart of

accounts.

d. Can create multiple versions for a chart of account

e. Can be created in such a way all future GL created is taken care.

142) Out of the following select the correct statements

a. Payment Method definition is starting at a client level.

b. Payment method at Company code level controls Incoming or Outgoing

type.

c. Payment method at company code level controls Payment currencies

allowed.

d. Bank determination is a process through which we can control all

or selected currencies in the transaction also.

e. Bank Account ID wise, currency wise posting to GL is possible in a

payment transaction.
143) A user has booked many invoices and credit memos with different
payment terms along-with payment methods. Afterwards he is not in a
position to make the payment. You efficient suggestions using SAP
functionality can be

a. Do Mass Reversal and Do Reversal of Reversal document after

correction.

b. Remove the payment block in the payment term.

c. Change the payment method in document

d. Add the payment method in Vendor master

e. Do mass change for removal of block and pmt method in document and
run APP.

144) A posting has been done to a Real internal order and afterwards
the user wants to change it to a statistical order. You suggestion
can be

a. Create another order statistical, reverse the current document,

and post it to new order.

b. Change the internal order in control data to statistical.

c. Create another order as statistical, do the reposting line items

and include a real co object also, and change the old internal order
to status where no posting is done.

d. It will not make any difference

e. Just change the settlement profile assignment with no receivers-

that is all no effect. And no settlement.

145) Which of the following about dunning is true. (single)

a. One dunning form can be used for all dunning levels and dunning
areas

b. Only one dunning form can be used for a said dunning level or
dunning area

146) About dunning proposal Say weather true or not

a. Dunning proposal can be edited, deleted and recreated as often as

required.

b. Dunning proposal cannot be edited once created.

c. Dunning proposal cannot be edited only once before it processed.

d. dunning proposal is defined in payment run.

e. All above mentioned options are false

147) In dunning program for clearing between customer and vendor, the
following is true. (single)

a. Same dunning procedure must be defined for both customer and

vendor.

b. Different dunning procedure must be defined for both

c. If no procedure is defined both will use default procedure

148) A chart of accounts (Multi)

a. can be allocated to multiple company code

b. can be defined as the group chart of accounts

c. only contains definitions for G/L accounts

d. can only allocated to one company code.

149) Which of the following statements are 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.

150) 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.

151) A client. (Single)

a. only contain a single chart of accounts

b. may contain multiple charts of accounts

c. only use one exchange rate type

d. only have one controlling area

152) 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

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.

153) 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 code

c. A controlling area and a company code must have the same local
currency.

d. A business area and a company code are assigned to each other in

the corporate structure IMG

154) The productive indicator in the Company Code controls the

following.

a. Blocks Implementation Guide menu path

b. De-activates the delete documents and delete master data

programs

c. De-activates the Transport and Correction Request System

d. Prevents the fiscal year variant from being changed in the Company
Code

e. Prevents the Chart OF accounts from being changed in the Company

Code
155) 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.

156) Identify the correct statement(s) relating to how the main

business processes are integrated in the SAP R/3 System. (Multi)

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.

157) 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 chart of accounts and one
controlling area for assignments

d. Business areas are used to create internal balance sheets and

income statements.
158) 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 advice

b. Payment notice

c. Account statement

d. Dunning notice

159) 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.

160) 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.
161) 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 customers 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.

162) Which of following statements are correct? [Multi]

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.

163) 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.
164) 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.

165) 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

d. A vendor down payment request is a noted item.

e. A vendor down payment is cleared after final invoice is received

from vendor.

166) Which is correct.

a. Customer master is divided by client level & co. code level.

b. In case of one time customer customer address in entry.

167) Which is correct.

a. If a customer is also a vendor system includes outstanding account

receivables invoice items in the program.

b. If a customer is also a vendor system includes outstanding account

receivables invoice items in the clearing.

168) 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 required entry.

c. Account number may be assigned externally.

169) 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 automatically

b. Direct debiting or bank collection can be used in automatic

payment procedures to clear customer invoices

c. Open items posted to G/L accounts can be cleared using the payment
program

d. Special G/L transactions (down payment) can be posted using the

payment program

e. The payment program can pay vendor invoices using wire transfers
and checks

170) 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 is 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

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 record

d. The payment proposal of the automatic payment program can only be

displayed

e. You can precisely schedule the print program from within the
application

171) According which criteria does the payment program determine and
select open items:

a. Posting date and baseline date

b. Document date and posting date

c. Baseline date and payment terms

d. Posting date and cash discount periods

e. Posting date and payment terms

172) 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 randomly

b. You can only determine one payment method per house bank

c. You can select several payment methods per country

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

173) Which of the following factors does the systems take into
account in a payment run

a. Fiscal year variant

b. Payment method specifications in the IMG

c. Specifications in the vendor master records

d. Information in the documents (incoming invoices)

e. Specifications made when maintaining the payment run parameters

174) 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.
175) 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.

176) 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 check cannot be printed automatically when you

manually post an Outgoing payment.
177) Which of the following statements about one time accounts are
correct? (Multi)

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 vendors 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.

178) Between which functions in the FI-MM module does a direct

relationship exist? (Multi)

a. Requirement planning- Invoice Verification

b. Invoice verification- Account Payable.

c. Inventory Audit- Invoice Verification.

d. Purchasing Invoice Verification.

e. Goods issue to a production order G/L account.

179) 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 method.

c. A House bank account can be defined in more than one currency

d. House bank master data must be created in advance, before

assigning the House bank to a payment method in the payment program
configuration.

e. A house bank can be assigned to a business area within the

payment program configuration.
180) In a Payment method definition

a. Define a maximum and min payment

b. Define house bank link

c. Define allowed currency for company code

d. Define allowed currency for country level

181) 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 masters

c. House Bank currency is controlled by Vendor master

d. Vendor Master Currency controls AP payment

e. Payment method currency alone controls House Bank account ID

postings to GL

182) 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.

183) 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 function

d. CO production orders.
184) 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.

185) That system tool allows you to add graphics, re-arrange fields,
add pushbuttons and change input fields into radio buttons?

a. Gui XT

b. Gui Capture

c. SAP Gui

d. SAP Show

e. Profile Generator

186) Which of the following can you add to a Favorites list?

a. Files

b. Transactions

c. Web address

d. Reports

e. User menus

187) The date format can be defined by the following:

a. Country

b. System.

c. User.

d. Company

e. Plant

188) 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.

189) 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 date

b. Document date

c. Baseline date

d. Entry date

190) Which type of currency will R/3 always track when posting a
document? (Single)

a. Local currency

b. Group currency

c. Transaction currency

d. Group & transaction currency

e. Local & transaction currency.

191) Where are posting periods defined?

a. Posting period variant.

b. Fiscal year variant.

c. Field status variant.

d. Closing period variant

192) 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.

e. Choose the correct statements regarding recurring documents.

193) When creating a recurring document, the valid time period must
be defined.

a. The posting date is determined by either the run date or the run
schedule.

b. Field values can be changed in recurring document.

c. After running the recurring document posting, the next run date
cannot be displayed.

d. The original recurring document can be deleted from the batch

input menu.

194) 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 account

b. The company code

c. The payment terms and payment block

d. The house bank and payment method

195) which of the following statements are correct? [multi]

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.

196) 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.

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 are used in a G/L
posting.

197) 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 type

c. Account group

d. Field status

198) 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 type

c. The number range assigned to the Posting key

d. The field status group

199) Closing of period is controlled by. (Single).

a. Posting Period variant.

b. Fiscal year variant.

c. Field status variant.

d. Closing period variant.

200) Where are the posting period defined. (Single)

a. Posting period variant.

b. Fiscal year variant.

c. Field status variant

d. Closing period variant

201) 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.

202) 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 accounts

c. All P&L GL accounts should be cost element.

d. All cost elements are linked to Activity type.

203) Activity types can be

a. restricted for a single cost center directly

b. created for a restricted period only

c. created with primary cost element assignment

d. 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

204) Select out of the following which statements are correct.

a. Cost center can be defaulted in all FI line items in all GL

accounts

b. Internal order can be defaulted in all FI line items in all GL

accounts

c. 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

205) 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

206) An account group. [multi]

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.

207) You have several options for creating G/L accounts. Which of the
following statements are current? [multi]

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.

208) Which of the following statements are correct regarding open

item management? [multi]
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.

e. In order to be able to manage line items as open and cleared, the

sort key must be defined as the document number.

209) When you create a G/L account the following entries must always
be assigned to the account

a. Account Group.

b. Balance sheet a/c & P&L statement type.

c. Short text.

d. Sample account number

e. Consolidation trading partner.

210) 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. code

c. 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.
211) 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.