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 in

a. G/L account groups
b. G/L account
c. Chart of accounts
d. None of the above
2. The G/L account becomes a complete G/L account

a. if we have added the company code segment to chart of account segment
b. if we have created both company code segment and chart of account
segment centrally
c. if we have created chart of account
d. 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 code
a. the company code segments are same in all company codes
b. the account name and account number is the same in all company codes
c. the currency in company code segment in all company codes is the same
d. 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 segment
b. group account number entered in chart of account segment
c. assignment of group chart of account in chart of account
d. none of the above
5. The appearance of an account master data is based on

a. account number
b. field status
c. chart of account
6. Creation of duplicate accounts in A/P can be prevented by using

a. the match code before creating the new account
b. sensitive dual control
c. switching on automatic duplication check
7. Which of the following statements are true, when you are considering the major
controls of document types
a. the account types allowed for postings
b. the field status of head text and reference number
c. posting keys
8. Which of the following statements are true

a. posting keys are defined at client level
b. account types allow line item postings based on the posting key
c. field status definition ‘suppressed’ and ‘required’ cannot be combined
d. 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 code
b. we cannot use the same posting period variant for several company codes
c. we can maintain different special periods for each company code

a. we can open two period ranges during the time of closing process
b. based on the document date entry, system will determine the posting period
and fiscal year
c. 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 discount
b. due date only
c. cash discount only
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

a. we cannot have separate cash journal for each currency
b. special general ledger indicators use the subsidiary ledger master records but
are connected to the general ledger via alternative reconciliation accounts
c. 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 contains

a. data base server only
b. application server only
c. presentation server only
d. all of the above
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FI PAPER: 1
17. All data and programs are contained in

a. application server
b. database server
c. none of the above
18. SAP business object consists of

a. attributes
b. methods
c. attributes and methods
19. Maximum number of sessions a user can open when he logs on to SAP
a. one
b. three
c. five
d. six
20. Fiscal year can be

a. year dependent
b. year independent
c. both year dependent and year independent
21. Fiscal year which is a calendar year can have

a. 12 normal periods
b. less than 12 normal periods
c. more than 12 normal periods
22. Shortened fiscal year can have

a. 12 periods
b. more than 12 periods
c. less than 12 periods
d. should have less than 12 periods
23. Company code can have

a. one local currency only
b. two local currencies
c. any no. of local currencies
24. Postings in a company code are done in G/L account of

a. consolidation chart of accounts
b. operative chart of accounts
c. country chart of accounts
d. all of the above
25. Retained earnings account is

a. specific to company code
b. specific to client
c. specific to chart of accounts
26. Which of the following statements is true

a. company can use indirect exchange rate only
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FI PAPER: 1
b. company use direct exchange rate only

c. company can use both direct and indirect exchange rates
27. State which of the following is true in relation to SAP features

a. business areas are company code specific
b. business areas are assigned to company codes
c. business areas are used for reporting across company codes
28. Posting in a G/L account is controlled by

a. account group of the G/L account
b. field status group in the chart of accounts segment
c. field status group in the company code segment
d. all of the above
29. Which of the following is true

a. company code can have one retained earnings account only
b. company code can have more than one retained earnings account
c. chart of accounts can have more than one retained earnings account
d. chart of accounts can have one retained earnings account only
e. none of the above

a. account group controls the document field status
b. account group controls the number range of G/L accounts
c. account group controls the master record field status
d. 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 directory
b. the g/l account house bank name need not be the same as the bank’s name in
the bank directory
c. the g/l account house bank name is user-definable
d. the g/l account house bank name is defined at the chart of account level
e. the g/l account house bank name is modifiable at the company code segment
of the chart of accounts
32. Your house bank number cannot be set to be defaulted from house bank key
33. The G/L account for a bank is linked to
a. a house bank
b. many house banks
c. one house bank p0lus one account id
d. one house bank plus multiple account ids in the same bank
e. many house banks and many account ids
34. One bank account is mapped in SAP to
a. account id
b. house bank
c. bank key
d. G/L account
e. Country plus bank key
KEY
1. C
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FI PAPER: 1
2. A
3. B
4. A
5. D (ACCOUNT GROUP)
6. A, C
7. A, B
8. A, C, D
9. A-F, B-F, C-F
10. A-T, B-F, C-T
11. A
12. T
13. A-F, B-T, C-T
14. T
15. T
16. D
17. A,B
18. C
19. D
20. C
21. A
22. D
23. A
24. B
25. C
26. C
27. C
28. C
29. B,C
30. C
31. A-F, B-T, C-T, D-T, E-F
32. T
33. A,C
34. 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 COAs
b. many operating COAs and one group and one alternate CoA
c. one operating COA and one alternate COA
d. 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 code
b. maximum three account codes
c. many account codes
d. 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 code
b. maximum three account codes
c. many account codes
d. 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 currency
b. account group
c. field status group
d. 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 true

a. one document type can have more than one no. range interval
b. different no. range codes can have same no. range intervals in respect of
documents
c. more than one document type can have same no. range intervals
d. document no. ranges are defined at client level
8. Which of the following statements are false

a. account groups are defined at client level
b. account groups are defined for a company code
c. account groups are defined at COA level
d. account groups are defined for a combination of COA and company code

a. one customer/vendor account can have many reconciliation accounts
b. reconciliation account can be used for the purpose of direct accounting entries
by users
c. all the account groups of customers can have one common no. range
d. one account group of vendors can have up to three no. ranges
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FI PAPER: 2

a. one customer can have different customer codes in various company codes
b. one customer can have different reconciliation accounts in various company
codes
c. various company codes can have different payment terms with one customer
d. chart of account segment is mandatory while entering a customer master

a. for creation of vendor master, account group is not required
b. a vendor master cannot be created in the absence of a company code
12. Customer master has following segments

a. chart of account segment
b. general data segment
c. purchase organization segment
d. accounting data segment
e. sales organization data segment
13. A document is uniquely identified by

a. document no.
b. company code
c. fiscal year
d. document date
e. period
a and e; a and b; a, b and c; a,d,e; a,b,e
14. Which of the following statements are correct

a. document nos. can be alphanumeric
b. Field status for a transaction entry is transaction dependent and account
dependent
c. Document type controls posting key, field status group, and gl accounts that
can be used in the document
d. Document types are specific to a company code
15. The relationship between house bank and account id is the following
a. one to one
b. one to many
c. many to one
d. many to many
e. no relationship
16. Business area once defined is available for use to

a. all company codes in the client
b. all company codes in all the clients
c. only to the company codes to which the business area is assigned to
d. 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 segment
b. only company code segment data
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FI PAPER: 2
c. only account control and account management data in company code
segment
d. entire master data
18. While creating a sample account, following information may be entered

a. only company code segment data
b. only COA segment data
c. both COA segment and company code segment data
d. only account control and account management data from company code
segment
e. only control data of COA segment
19. A G/L account can be blocked for the following purposes

a. from creating in company codes
b. from posting in all company codes
c. from posting in selected company codes
d. cannot be blocked at all
e. 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 level

a. at company code level
b. at client level
c. at controlling area level
d. at company level
22. Which of the following is true in terms of vendor and customer master
a. various account groups can have same no. range
b. one no. range can be allotted only to one account group
c. one account group can have only one no. range
d. one account group can have either external or internal numbering system
e. one account group can have one internal and one external numbering system
23. A customer account can be blocked for the following purposes

a. from creating in company codes
b. from posting in all company codes
c. from posting in selected company codes
d. cannot be blocked at all
e. 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
KEY
1. C,D
2. C
3. A
4. T
5. B,D
6. T
7. A-F,B-F,C-T,D-F
8. A-F,B-F,C-T,D-F
9. A-F,B-F,C-T,D-F
10. A-F,B-T,C-T,D-F
11. A-F,B-T
12. B,E
13. C
14. A-T,B-T,C-F,D-F
15. A,B
16. A
17. B
18. C
19. A,B,C
20. T
21. B
22. A,C,D
23. B,C
24. 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/3
b. a business event might trigger more than one document in R/3
c. R/3 will link related documents in the system
2. In the payment process, automatic options to the users are
a. select open invoice to the paid or collected, and post payment documents
b. post payment documents and print payment media
c. select open invoices to be paid or collected, post payment documents and
print payment media
3. Which of the following are true

a. any payment block can be removed in payment proposal edit
b. only line item payment block can be removed during the payment proposal
c. items that cannot be paid are deleted in the exception list
4. Which of the statements on payment program are correct

a. there are four steps in payment process: parameters, proposal program run,
print
b. 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

a. the run date is recommended to be the actual date when the program is
executed
b. the field identification is used to run print program

a. the G/L account name for house bank must match the names given to the
house bank in the bank directory
b. the G/L account names for house banks are user-definable
c. the G/L account names for house banks could be the bank name and account
number
d. the G/L account names for house banks are defined in bank directory
e. 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 always
b. by specifying the vendor/customer, special G/L transaction to be paid, we can
process specified special G/L transactions only
c. 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 payments
b. bank payment methods combination is must to define ranking order
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FI PAPER: 3
c. 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 true

a. define check lots in order to print checks
b. check lots are used only for automatic payments
11. Say true or false

a. all company codes in the payment run parameters must be in the same
country
b. a payment method can only be used if it is entered in the account master
record
c. the payment proposal can only be edited, deleted and recreated as often as
desired
d. the exception list is a part of the payment proposal
12. Which of the statements are true when running the dunning program
a. we can edit proposal
b. we cannot delete the proposal
c. we can recreate the proposal until the dunning clerk is satisfied with the result
d. after completing the dunning proposal list, dunning data is updated in the
master records of respective customer/ vendor

a. one time accounts cannot be dunned
b. we can assign two dunning procedures to customer master records
c. dunning procedure can process only standard transactions
d. interest can be posted at the time of dunning run
14. The maximum dunning levels can be defined in dunning procedure are
a. four
b. six
c. 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 record
b. the dunning level in the customer master record
c. the dunning level in documents for which dunning notices are created
d. form (lay out set) specifications in the customer master record for the text in
the next dunning letter
e. the dunning procedure in the customer master record for the next dunning run
17. Which of the statements are true

a. we can calculate interest on G/L account under interest on arrears method
b. each interest id must be assigned an interest calculation type
c. 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 are

a. enter it in the directory of financial statement version
b. define hierarchy levels and assign accounts
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FI PAPER: 3

a. we can not specify per dunning level that interest is to be calculated
b. 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

a. a financial statement version consists of maximum 9 hierarchy levels
b. we cannot assign account group according to balance
c. drill down reporting is a tool that enables to analyze sub-ledger transaction
amount
21. Individual value adjustment for doubtful receivables are possible

a. through special G/L transaction
b. through normal transaction
c. both of the above
22. Foreign currency valuation is possible

a. only for vendor/customer open items
b. only balance sheet items (G/L items)

a. 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 executed

a. through background processing (batch input session)
b. direct FI postings
c. 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-T

2. C
3. A-F, B-F, C-T
4. A
5. T
6. A-T, B-F
7. A-F, B-T, C-T, D-F, E-F
8. A-F, B-T, C-T
9. A-T, B-T, C-F
10. A-T, B-F
11. A-T, B-F, C-T, D-T
12. A-T, B-F, C-T, D-F
13. A-F, B-F, C-F, D-F
14. C
15. F
16. A,B,C
17. A-F, B-T, C-F
18. A
19. A-F, B-F, C-T
20. A-F, B-F, C-F
21. A
22. C
23. A-T, B-T, C-T
24. C
25. F
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PAPER: 4
1. Account groups are used to control the following properties

a. field status of transaction fields
b. field status of master fields
c. field status of master fields and number range
d. 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 if

a. account currency is not maintained
b. account currency is same as local currency of the company code
c. account currency is different from company code currency
d. under all circumstances
3. You can carry forward P&L account balances to

a. Multiple retained earnings accounts, automatically
b. Single retained earnings account, automatically
c. Multiple retained earnings accounts, through period end processing
d. Single retained earnings accounts, through period end processing
4. Default exchange rate picked up during FI document is

a. 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 same
a. business area, amount, opposite dr/cr indicator and same entry in fields that
are configured for automatic clearing
b. amount, opposite dr/cr indicator
c. business area, amount and opposite dr/cr indicator
d. 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 accounts
b. all accounts managed on open item basis
c. all accounts managed on open item basis and all accounts with account
currency different from local currency
d. 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 through

a. account groups
b. sort key
c. worklists
d. totals variant
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PAPER: 4
8. You run BA/PC adjustments for

a. balancing BA level balance sheet for inter business area transactions
b. balancing company code level balance sheet for inter company transactions
c. posting adjustment entries for changed reconciliation accounts
d. posting vendor/customer reclassification at business area level
9. Fast entry screens in FI are used to enter

a. customer and vendor line items
b. G/L line items
c. G/L, customer and vendor line items
d. Invoice receipt against GR
10. Easily entered document entry templates are called

a. sample document
b. account assignment models
c. worklists
d. recurring documents
11. Posting keys are used to decide

a. dr/cr indicator, field status of transaction screen, account types
b. dr/cr indicator, account types
c. dr/cr indicator, field status of transaction screen, account types, special G/L
applicability
d. 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 account
b. 3 local currencies, chart of account
c. 2 local currencies, company code
d. 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. 000198000052100001
b. 980000423600020001
c. 9800005210000199
d. 9800004236000299
14. When you reverse a posted document, the document number must be
a. internal
b. external
c. internal or external
d. manually assigned
15. Financial statements can be generated in

a. local currency
b. document currency
c. controlling area currency
d. any currency for which customization is maintained
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PAPER: 4
16. The views maintained for vendor master data are

a. general data, company code data
b. general data, company code data, purchasing data
c. general data, company code data, business area data
d. general data, company code data, business area data, plant data
17. Group key assigned to vendor master records control the following
a. it is a combination of up to three fields based on which open invoices are
selected for automatic payment
b. basis for grouping several vendors for balance display
c. basis for classifying vendors for standard reporting
d. 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 affects

a. the main reconciliation account of the vendor or customer
b. the alternative reconciliation account mapped to the main reconciliation
account of the vendor/customer
c. the alternative reconciliation account and the main reconciliation account of
the vendor/customer
d. 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. vendors
b. vendors and customers
c. vendors, customers and G/L accounts
d. 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 document
b. sample document
c. account assignment model
d. recurring document
21. Accounting for down payment request involves

a. statistical items
b. parked items
c. noted items
d. regular items
22. Business area is determined for accounting documents generated automatically

from logistics modules are on the basis of
a. plant-division combination
b. plant-division-distribution channel combination
c. plant-sales area combination
d. 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 versa

b. reclassify open items by remaining life
c. reclassify by changed reconciliation accounts
d. 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 banks
b. house banks maintained for specific business areas
c. house banks entered in the parameters of the run
d. 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 MM
b. changing the field entry from the invoice document
c. by reallocating in the payment proposal
d. cannot be removed
26. In SAP, a bill of exchange receivable items is cleared during

a. discounting the bill
b. transfer posting with clearing
c. reversal of contingent liability
d. clearing against outstanding advances from the customers
27. In which of the following processes do the original invoices remain as open items
a. residual payment
b. partial payment
c. charge off difference
d. 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 item
b. by assigning due date to the bill of exchange item
c. by assigning payment term to invoice item
d. 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.100
b. dr Rs.100
c. cr $100
d. no exchange rate posting
30. What are the different account types in SAP?

a. customer, vendor, GL
b. customer, vendor, GL, asset, material
c. customer, vendor
d. 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 procedure
b. dunning key
c. dunning clerk
d. dunning area
32. If you do not want to dun a vendor beyond a particular level

a. use dunning key to limit the maximum level
b. use dunning block on the vendor master
c. use dunning clerk to block dunning
d. 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 variant
b. totals variant
c. line layout
d. additional fields
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PAPER: 4
KEY
1. C
2. B
3. C
4. B
5. A
6. D
7. C
8. A
9. B
10. B
11. C
12. D
13. C
14. A
15. D
16. B
17. A
18. B
19. B
20. A
21. C
22. D
23. D
24. D
25. A
26. C
27. B
28. B
29. D
30. B
31. D
32. A
33. 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 area
a. one business area can be used for many company codes
b. business areas must be assigned to company code in the IMG
c. they are used for internal P&L and balance sheets
d. a company code can have many business areas

a. a plant is assigned to only one company code
b. a company code must be assigned to one chart of accounts only
c. a chart of accounts can be assigned to multiple company codes
d. a plant can be assigned to many company codes
3. What are true with respect to business area

a. a company code can have many6. business areas
b. a business area can be across company codes
c. use of business area is not optional in R/3 system
d. 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 area
a. the use of business area is optional
b. a company code can have many business areas
c. business area balance sheet will always balance
5. The standard delivery clients in a R/3 system are

a. client 000, 001 and 002
b. testing client 777 and training client 999
c. client 001, 000,002 and training client 999
d. client 000 and 001
e. client 001, 000 , testing client 777 and training 999
6. What are all the possible meanings of the word ‘client’ that have been used
a. a customer implementing R/3 system
b. an individual PC in which batch inputs are done for uploading to SAP at a later
date
c. the highest technical entity in R/3
d. the data server
e. the front end presentation PC which interacts with SAP system
7. The three tier in R/3 system is represented by
a. client, customer and application
b. data, user and application
c. user, data base, programs
d. presentation client, R/3 application and data base
e. application, data base and customer of R/3
8. The entity in R/3 to provide financial statements and results at the lowest level is
a. company
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FI PAPER: 5
b. company code
c. controlling area
d. plant
e. enterprise controlling
9. Which of the following statements is always false with respect to a company code
a. a company code can have many plants
b. a company code can have many companies
c. a company code can be linked to only one controlling area
d. a company code need not be linked to an operating concern
e. a company code can have many sales organizations
10. Which of the following statements are always true

a. a sales organization can be assigned to only one company code
b. a company can have many company codes
c. a company must be linked to a controlling area
d. a company code must always be assigned to a company
e. 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 concern
b. controlling area
c. business area
d. plant
e. company code
12. The menu hierarchy in standard R/3 system is

a. main menu, application menu and task menu
b. main menu, sub menu, task menu and help menu
c. system menu, application menu and help menu
d. main menu, application menu and help menu
e. 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. six
b. nine
c. twelve
d. eighteen
e. twenty four
14. The order of fields as they appear during the log on to an R/3 system is
a. client, user id, password
b. language, client id, password
c. client, user id, password, language
d. 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/id
b. session number
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FI PAPER: 5
c. data server name/id

d. user id/name
e. 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 closed
c. 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 code
a. company
b. business area
c. controlling area
d. functional area
e. financial management area
18. ABAP stands for

a. advances in business applications programming
b. applications in business and advanced program
c. advanced business applications programming
d. advanced business for advanced program
e. advantage in business applications programming
19. The configuration of the R/3 is done through

a. the implementation guide
b. the implementation assistant
c. business navigator
d. business engineer
e. sessions manager
20. The ASAP CD contains

a. the implementation guide
b. implementation assistant
c. concept check tool
d. business navigator
e. Q&A Db
21. Which of the following statements are true regarding ASAP – project preparation
phase
a. the business blueprint document must be prepared
b. enterprise scope area document must e prepared for initial project planning
c. project plan must be prepared
d. 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 phase
a. 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’ phase
e. external consultants must always carry out quality control
24. What are the three data types in SAP

a. master data, transaction data, and balance data
b. master data, table data, and user data
c. master data, table data, and transaction data
d. table data, user data and transaction data
e. master data, table data and server data
25. Various company codes access a controlling area should have

a. same currency
b. same fiscal year variant
c. same chart of accounts
d. same controlling organization structure
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FI PAPER: 5
KEY
1. A-T, B-F, C-T, D-T

2. A-T, B-F, C-T, D-T
3. A-T, B-T, C-F, D-T
4. A-F, B-F, C-F, D-F
5. A-F, B-F, C-F, D-T, E-F
6. A-F, B-F, C-T, D-F, E-F
7. A-F, B-F, C-F, D-T, E-F
8. B
9. B
10. B
11. C,D
12. A
13. C
14. C
15. .
16. A
17. B,D
18. C
19. A
20. B,C,E
21. B,C,D,E
22. B,D
23. B,C,D
24. C
25. C
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FI PAPER: 6
TRUE/FALSE in SAP R/3
1. While parking a document, a temporary document number is created

2. When we cancel/delete the parked document, another number is created
3. Number range in FI are at company code level strictly and year dependant
4. 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 manually
7. SAP can pay only to vendors
8. Payment advice is a note of approval and cannot be used in payment of
vendors
9. Credit management in SAP always refers to one customer, and has got no
separate master data of amount limits
10. Creating of bank master is always at a country level
11. 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. F
2. F
3. F
4. A-F, B-T, C-F, D-T
5. F
6. F
7. F
8. F
9. F
10. F
11. A-FC B-F, C-T
12. T
13. T
14. T
15. T
16. T
17. T
18. F
2
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/3
3. What is long form of BAPI?
4. BAPI is assigned to one and only one business object. TRUE/FALSE
5. 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 used
9. You can find transaction code for the function you are working in under
________ option of __________ menu
10. ________ key is used for help on fields, menus, functions, messages
11. User specific settings are done in ____________ option of ___________ menu
12. Highest level element of all organizational units is the _________
13. _______________ area is business unit where cost accounting is carried out in
SAP
14. Business areas are company code dependent. TRUE/FALSE
15. Company code is ____ character __________
16. One chart of account cannot be assigned to more than one company code.
TRUE/FALSE
17. Fiscal year variant can be of two types. Name them
18. In case of non-calendar fiscal year, annual displacement indicator is used.
TRUE/FALSE
19. ___________ & ________ are two segments of a chart of account
20. In case of G/L account, number ranges are attached to G/L account.
TRUE/FALSE
21. _________ chart of accounts is used for consolidation
22. Vendor account is defined at _________ level
23. More than one plants can be attached to a single company code. TRUE/FALSE
24. 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 analysis
27. One company code may contain several sales organizations. TRUE/FALSE
28. Receivables and revenues are posted when ___________ document is created in
sales and distribution module
29. ____________ is the main criteria for defining an asset
30. ____________ are used to keep more than one valuation basis for depreciation
31. More than one cash journal can have the same cash account TRUE/FALSE
32. ______________________ are two elements of an SAP FI document
33. Document number range can be ____________ and __________
34. In case of ___________ number range, same document number will be taken for
new fiscal year
35. One number range can be assigned to several document types. TRUE/FALSE
36. One document type can have more than one number range. TRUE/FALSE
37. Posting keys are defined at __________level
38. 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/FALSE
40. ___________ is the date from which the due date is derived
41. If customer invoice is created in SD, then payment terms from __________
segment will be defaulted
42. ____________ posting is one of the methods of document reversal
43. 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/FALSE

45. You can close a fiscal year even if you have parked documents. TRUE/FALSE
46. All R/3 applications and functions process exchange rates using ______ and
_______ quotation
47. _____________ keys contain further specifications for account assignment in tax
calculation procedure
48. Base amount is either _____ or ________ item
49. 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 activated
52. 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 SERVER

2. DATABASE
3. BUSINESS APPLICATION PROGRAMMING INTERFACE
4. FALSE
5. PROJECT PREPARATION, BUSINESS BLUEPRINT, REALISATION, FINAL
PREPARATION, GOLIVE AND SUPPORT, CONTINUOUS DEVELOPMENT
6. BW, CRM, APO, B2B, SCM, KW
7. MARKET PLACE, WORK PLACE
8. /n
9. SYSTEM
10. f1
11. USER PROFILE SYSTEM
12. CLIENT
13. CONTROLLING AREA
14. FALSE
15. 4, ALPHANUMERIC
16. FALSE
17. YEAR DEPENDENT, YEAR INDEPENDENT
18. TRUE
19. COMPANY CODE, COA
20. FALSE
21. GROUP
22. CLIENT
23. TRUE
24. PURCHASING ORGANIZATION, PLANT
25. PURCHASE ORDER, GOODS RECEIPT, INVOICE VERIFICATION
26. OPERATING CONCERN
27. TRUE
28. BILLING
29. ASSET CLASS
30. DEPRECIATION AREAS
31. TRUE
32. DOCUMENT HEADER AND DOCUMENT LINE ITEMS
33. INTERNAL, EXTERNAL
34. YEAR DEPENDENT
35. TRUE
36. FALSE
37. CLIENT
38. ACCOUNT GROUP, POSTING KEY, G/L ACCOUNT LEVEL
39. TRUE
40. BASELINE
41. SALES AREA
42. NEGATIVE
43. FALSE
44. TRUE
45. FALSE
46. DIRECT, INDIRECT
47. ACCOUNT/PROCESS
48. EXPENSE, REVENUE
49. TAX RATE
50. K, D
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FI PAPER: 7
51. LINE ITEM DISPLAY

52. COMPANY, CONSLIDATION BUSINESS AREA
4
FI PAPER: 8
1. Which of these statements on document principles are correct?

a. R/3 can assign the document numbers always
b. A business event triggers only one document within R/3
c. Each business event creates an accounting document within R/3
d. R/3 will link related documents in the system
2. In the payment process, automatic options to the users are

a. select open invoices to be paid/collected, post payment document
b. post payment documents/print payment media
c. select open invoices to be paid or collected, post payment document, print
payment media
3. Which of the following are true.

b. only line item payment block is removed during the payment proposal
c. items that cannot be paid are detailed in the exception list
4. Which of these statements on payment program are correct

a. there are four steps in payment process, viz., parameters, proposal, program,
print
generate payment media
5. Every run of the payment program is identified by two fields

a. run date
b. identification

a. The run date is recommended to be the actual date when the program is
executed
b. The field identification is used to run print program

a. the G/L account name for house banks must match the names given to the
b. the G/L account names for house banks are user definable
c. the G/L account names for house banks could be the bank name and account
number
d. the G/L account names for house banks are defined in bank directory
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 always
b. by specifying the vendor/customer special G/L transaction to be paid, we can
process specified special G/L transaction only
c. 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 payment
b. bank/payment method combination is must to define ranking order
c. 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 true

a. define check lots in order to print checks
11. True/false
a. all company codes in the payment run parameters must be in the same
country
b. a payment method can only be used if it is entered in the account master
record
c. the payment proposal can only be edited, deleted and recreated as often as
desired
d. the exception list is a part of the payment proposal
12. When running the dunning program

b. we cannot delete the proposal
c. we can recreate the proposal until the dunning clerk is satisfied with the result
d. after completing the dunning proposal list, dunning data is updated in master
records

c. dunning procedure can process only standard transactions
d. interest can be posted at the time of dunning
14. The maximum dunning level can be defined in the dunning procedure is
a. four
b. six
c. 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

a. we cannot specify per dunning level that interest is to be calculated
c. 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 record
c. the dunning level in documents for which dunning notices are created
d. from (layout set) specifications in the customer master record for the text in
2
FI PAPER: 8
18. Which of these statements are true

a. we can calculate interest on G/L accounts under interest on arrears method
b. each interest id must be assigned on interest calculation type
19. Two steps to define financial statement versions are


a. a financial statement version consist of maximum 9 hierarchy levels
b. we cannot assign account group according to balance
c. drill down report is a tool that enables to analyze sub ledger transaction
figures only
21. Individual value adjustment for doubtful receivables are possible

a. through special G/L transactions
b. through normal transactions
22. Foreign currency valuation is possible

a. only vendor/customer open items
b. only balance sheet items
23. Which of the statements are true

a. 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 executed

a. through batch input session
25. To set up the financial statement version in your company, maximum limit is 9.
TRUE/FALSE
3
FI PAPER: 8
KEY
1. A-T, B-F, C-F, D-T

2. A-T, B-T, C-T
3. A-T, B-T, C-T
4. A-T, B-F
5. A-T, B-T
6. A-T, B-F
7. A-F, B-T, C-T, D-F, E-F
8. A-F, B-T, C-T
9. A-F, B-T, C-F
10. A-T, B-F
11. A-T, B-F, C-T, D-T
12. A-T, B-F, C-T, D-F
13. A-F, B-F, C-F, D-F
14. A-F, B-F, C-T
15. FALSE
16. A-F, B-F, C-T
17. A-T, B-T, C-T, D-F, E-F
18. A-F, B-T
19. A-T, B-T
20. A-F, B-T, C-F
21. A-T, B-F, C-F
22. A-T, B-T, C-T
23. A-T, B-T, C-T
24. A-T, B-T, C-T
25. FALSE
4
FI PAPER: 9
TRUE/FALSE
1. G/L master record is always for all company codes in the system
2. currency is a required field entry while creating G/L master
3. we cannot control the postings to the G/L by way of tax codes entry for a G/L
account
4. tax codes are created and operated at country level
5. tax codes are created at company code level
6. tax codes are time dependant
7. jurisdiction codes are not used at all while creating tax codes
8. in AP and AR, account group cannot be created with external number ange
9. reconciliation account definitions are available in general data of vendor
master
10. reconciliation account definitions are available in payment data of general
data in customer master
11. payment terms are company code dependent
12. it is not possible to calculate the due date on fixed dates like end of month
with days calculation
13. SAP cannot automate the payment method entry into the vendor invoice entry
screen
14. all special G/L transactions are posted to G/L accounts
15. it is possible to get the report of customers created by a user in a company
code
16. clearing does not create any document
17. payment cannot be made by adjusting a special G/L transaction which is
posted in G/L
18. partial payment creates another entry without any link to the original entry
19. down payment creates another entry without any link to the original entry
20. residual payment creates another entry keeping all entries open
21. it is not possible to use two check series for making payment
22. it is not possible to void unused checks
23. reversal of voided checks is a standard functionality of SAP
24. it is not possible to show the checks with a value range and issued by a user
25. it is not possible to create a due date for a down payment
26. SAP does not allow bill of exchange accounting
27. payment request clears the entries in AP and AR
28. posting key is linked to field status in FI posting
29. payment to anybody by passing a G/L entry without AP/AR is a standard
functionality of SAP
30. we cannot create manual checks for payment to business partners and update
in the system
31. bank statement entry into the SAP does the automatic clearing
32. 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/L
33. chart of accounts view of G/L account keeps the data like general data in
customer account – common data
34. 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 selection
40. 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
41. MIS reports based on financial books like ratios can be done through financial
statement version
42. all FI entries will be repeated in CO module also
43. 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/PP
44. payment to vendor of a specific bill cannot be blocked in SAP
45. 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
2
FI PAPER: 9
KEY
1. F
2. T
3. F
4. T
5. F
6. T
7. F
8. F
9. F
10. F
11. F
12. F
13. F
14. T
15. T
16. F
17. F
18. T
19. T
20. F
21. F
22. F
23. T
24. F
25. F
26. F
27. F
28. T
29. F
30. F
31. T
32. T
33. F
34. F
35. F
36. F
37. F
38. F
39. T
40. F
41. F
42. F
43. F
44. F
45. F
3
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
1
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

(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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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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(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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(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 codes
34. 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

(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.

(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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(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)

(Y) (N) Database server only
(Y) (N) Application server only
(Y) (N) Presentation server only
(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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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 defined
51. 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
system
52. 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
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) 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

(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
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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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) 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) 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
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
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
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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 document
70. 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
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
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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(Y) (N) G/L, Customer, Bank

(Y) (N) Customer, G/L, Bank
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
78. 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
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

(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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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

(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
90. A parked document can be

(Y) (N) Modified
(Y) (N) Deleted
(Y) (N) Posted
91. When is the business area level balance sheet self-balanced
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(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

(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) 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
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
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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(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
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 Data
111. 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) ADMKS
(Y) (N) CDAMK
(Y) (N) SDMKT
(Y) (N) ADSKE
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
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
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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(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) Chart of Account Level
129. Document Type is defined at

(Y) (N) Document level
(Y) (N) Chart of Account 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
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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. True
b. False
2. You can group payments using payment method supplements and therefore, for
example, control the sending of checks.
a. True
b. False
3. You cannot make down payments with the payment program and pay with bills of
exchange
a. True
b. False
4. You can specify the minimum amount for which an incoming or outgoing payment
is created for the Paying Company Code?
a. True
b. 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. True
b. 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. True
b. False
7. When processing a payment proposal, you can remove all payment blocking
indicators from items or enter them for items.
a. True
b. 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. True
b. False
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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. True
b. False
10. The dunning area can be entered at the line item level
a. True
b. False
11. With the dunning keys, you can limit the dunning level for the Customer Master
Record
a. True
b. False
12, The Dunning Block key can be entered in an item or in the account of a business
partner.
a. True
b. False
13, Master Data reckrd Dunning Blocks need to be manually removed

a. True
b. 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. True
b. 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. True
b. False
16. Dunning procedures are company code independent.

a. True
b. False
17. Interest Rates Entered in Dunning specify which interest rate is to be used for
debit or credit balances
a. True
b. 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. True
b. 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. True
b. 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. True
b. 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. True
b. 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. True
b. 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. True
b. 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. True
b. False
25. You have to define a number range interval for cash journal documents within
G/L Accounting.
a. True
b. 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. True
b. 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. True
b. 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. True
b. 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. True
b. False
30. The filed status for filed status group can in “display” transaction can only be
display or hidden.
a. True
b. 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. True
b. False
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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
4. which of the statements are true

a. SAP supports a maximum of 999 line items
b. 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 COA

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

a. completely true
b. partially false
c. 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 true
b. partially true
c. completely false
8. 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
9. 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 flowing field

a. partially true
b. completely true
c. completely false
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FI PAPER - 12
11. ‘set data’ sets the dcata permanently in the system, whereas the hold data
function does it till the session is on
a. partially true
b. completely true
c. completely false
12. when the same field has both a validation rule and a substitution rule
a. It causes an error
b. validation takes priority
c. substitution takes priority
d. the rule that was 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
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
a. completely true
b. partially true
c. completely false
15. 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
16. many business areas can be assigned to one company code

a. completely true
b. partially false
c. completely false
17. every company code can have only one cash journal
a. completely true
b. partially false
c. completely false
18. every line item of a document needs to have a unique posting key
a. completely true
b. partially false
c. completely false
19. the document number range for reconciliation accounts can have external
numbering
a. completely true
b. partially false
c. completely false
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FI PAPER - 12
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. suppressed
b. optional
c. display
d. required
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
24. keeping posting period for account type + open allows

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 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 posted

a. completely true
b. partially true
c. completely false
26. for getting the transaction figures for an account line item display needs to be
activated
a. completely true
b. partially false
c. completely false
27. all line item display accounts need to be open item managed
a. completely true
b. partially false
c. completely false
28. documents cannot be reversed

a. if the company code does not allow negative postings
b. if document type does not allow 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
29. base line date is
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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 two COAs
33. the account group must be for P&L items for accounts which are P&L accounts
a. completely true
b. partially false
c. completely false
34. every house bank needs to have at least one account id

a. completely true
b. partially false
c. 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 true
b. completely true
c. partially false
d. completely false
36. the user can create his own transactions types for cash journal business
transactions
a. completely true
b. partially false
c. completely false
37. noted items
a. create only one line item
b. need to be identified in the special G/L transaction type as a noted item
c. are always available for credit control
38. which of the following statements are true
a. special G/L items post into a separate reconciliation account
b. the reconciliation account for the special G/L transactions is defined per
company code
c. statistical postings create only one line item
KEY
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FI PAPER - 12
1. A,C
2. B
3. B
4. A,C
5. A
6. C
7. C
8. A,C
9. C
10. A
11. A
12. C
13. C
14. C
15. C
16. C
17. C
18. C
19. C
20. C
21. C
22. B
23. C
24. A
25. C
26. C
27. C
28. D
29. E
30. C
31. D
32. A
33. C
34. A
35. D
36. C
37. A,B
38. A
5
FI PAPER – 13
1. The vendor master contains data at

a. general, company code and purchasing organization levels
b. general level only
c. company code only
d. general and purchasing organization levels only
2. posting using the special G/L indicator updates

a. sub ledger only
b. sub ledger and the general ledger accounts
c. general ledger account only
3. the automatic payment program can be run for

a. vendor accounts only customer accounts only
b. vendor and customer accounts
c. all of the above
4. the document date

a. must be in the same period as the posting date
b. must be in a period higher than the posting date
c. must be in a period lesser than the posting date
d. can be in any period independent of the posting date
5. vendor invoices can be entered in

a. FI module only
b. MM module only
c. FI & MM modules
d. FI, MM and SD modules
6. When the automatic clearing program is executed, the base documents are
a. cleared and deleted from the system
b. cleared, deleted and archived from the system
c. cleared in the system
7. where can the vendor master be created

a. centrally
b. in the MM module only
c. in the FI module only
d. all of the above
8. which of the following posting keys is relevant for accounting bills of exchange of a
vendor
a. 11
b. 21
c. 39
d. 19
9. which of the following are valid additional account assignments

a. project
b. allocation
c. payment term
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FI PAPER – 13
10. a residual item posting in the vendor’s account

a. generates a new line item
b. reduces the value in the original invoice line item
c. reverses the original line item
d. generates a parking document
11. what is the maximum permissible length of an internally generated vendor

number
a. 6
b. 10
c. 12
d. 18
12. house bank ids can be

a. alphabets only
b. numeric only
c. alpha numeric
d. any of the above
13. posting to an expense account needs

a. cost object assignment
b. a cost and revenue object assignment
c. revenue object assignment
14. the customer master contains data at

a. general, company code and sales organization levels
b. general level only
c. company code only
d. general and sales organization levels only
15. in the standard system the posting key 25 refers to

a. credit to customer account
b. debit to customer account
c. debit to vendor account
d. credit to vendor account
16. the dunning program can be configured for

a. sending reminder letters only
b. sending reminder letters and creating debt provisions
c. creating debt provisions only
d. any of the above
17. when posting to a one time vendor or customer

a. it is not possible to store the address details
b. the address details have to be entered into the master before the transaction
is entered
c. the address details are entered as a part of the transaction
18. which of the following sequences of creating master accounts is logically correct
a. G/L, bank, customer
b. Bank, customer, G/L
c. Customer, G/L, bank
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FI PAPER – 13
19. A down payment request makes

a. a noted item posting in the vendor or customer accounts
b. an actual entry in the customer accounts
c. an actual entry in the vendor accounts
d. an actual entry in vendor and customer accounts
20. where can the customer master be created

a. in the SD module
b. in the FI module
c. centrally
d. any of the above
21. which of the following posting keys is relevant for accounting guarantees received
from a customer
a. 01
b. 05
c. 09
d. 19
22. which of the following posting keys is relevant for accounting guarantees given to
a customer
a. 01
b. 05
c. 09
d. 19
23. which of the following posting keys is relevant for accounting bills of exchange of
a customer
a. 01
b. 05
c. 09
d. 19
24. interest calculation can be done for

a. vendor accounts
b. customer accounts
c. G/L accounts
d. All of the above
25. Incoming payments

a. can post and clear vendor and customer line items
b. can clear without posting
c. can post, clear and delete the base invoices
26. what is the maximum possible length of an internally generated customer

number
a. 6
b. 10
c. 18
d. 24
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FI PAPER – 13
27. what field on the customer master record controls whether we will accept an
incoming payment for less than the amount invoiced
a. sort key
b. tolerance group
c. payment method
d. 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 area
b. company code and profit center
c. profit center and business area
d. cost center and profit center
29. which of the following statements is true

a. one company code can use multiple chart of accounts
b. one chart of accounts can be used by multiple company codes
c. one chart of accounts can contain only one chart of accounts
30. which of the following fields can be changed in the document change mode
a. allocation
b. posting date
c. document date
d. G/L account no\
31. When a document is parked

a. the actual document number is generated but the document is not posted
b. a temporary document number is generated but the document is not posted
c. the document is posted with the actual document number
d. the document is posted with a temporary document number account number
32. what is the no. of periods available in a fiscal year

a. 12
b. 14
c. 16
d. 52
33. what is the maximum no. of line items allowed in an accounting document
a. 2
b. 50
c. 100
d. 999
34. which of the following statements is true
a. one document type can use only one number range
b. one document type can use multiple number ranges
c. one account can be posted to by only one number range
d. one number range cannot be used by multiple document types
35. what is the maximum permissible length of a G/L account number

a. 6
b. 8
c. 10
d. 18
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FI PAPER – 13
36. the fields available for posting in a transaction are controlled through the field
status group at
a. posting key level only
b. posting key and G/L account levels
c. G/L account level only
37. a parked document can be

a. modified
b. deleted
c. posted
d. all of the above
38. when is the business area level balance sheet self balanced
a. always
b. never
c. when the business area clearing closing procedure is run
d. 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. 3
b. 6
c. 9
d. 12
40. which of the following is true

a. any accounting document can be reversed
b. only documents posted through the parking method can be reversed
c. only documents with external numbering can be reversed
d. only documents with internal numbering can be reversed
41. a transaction can span

a. multiple company codes
b. multiple business areas
c. multiple cost centers
d. all of the above
42. the currency for a document is determined for

a. the whole document
b. each line item
c. a group of line items
43. the document currency

a. can be any currency
b. must be the company code currency
c. is the currency of the chart of accounts
d. must be the currency defined in the G/L master
44. the local currency of a transaction

a. can be entered by the user
5
FI PAPER – 13
b. is always the company code currency

c. 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 code
a. tax code in the vendor/customer masters
b. tax category in the G/L master
c. optional entry in every transaction
46. what sort key is used to sort line items by document currency amount
a. 001
b. 003
c. 005
d. 006
47. an account with automatic posting only indicator can be posted from
a. FI module only
b. Specific modules other than FI
c. CO module only
d. 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 cleared
b. items on that account can be cleared
c. no balances are available for that account
49. what is meant by the option line item display in a G/L account master record
a. only line items can be displayed
b. only balances can be displayed
c. line items and balances can be displayed
50. the automatic payment program

a. generates payment orders only
b. generates payment orders and accounting transactions
c. generates accounting transactions only
6
FI PAPER – 13
KEY
1. A
2. B
3. A,B,C,D
4. D
5. C
6. C
7. A,B,C,D
8. C
9. A
10. A
11. B
12. D
13. A
14. A
15. C
16. A
17. C
18. A
19. A
20. D
21. D
22. C
23. C
24. D
25. A
26. B
27. B
28. A,B,C
29. B
30. A
31. A
32. C
33. D
34. A
35. C
36. B
37. A, B,C,,D
38. C
39. D
40. A
41. D
42. A
43. A
44. B
45. B
46. D
47. B
48. B
49. A
50. B
7
FI PAPER – 14
1. Benefits of integration are

a. processes can be done concurrently, rather than consecutively. This reduces
process time
b. data moves through internet platform and access becomes faster
c. eliminates duplicate entries
d. single entry accounting becomes easier
2. R/3is called so because

a. it requires three servers
b. it integrates three basic modules, viz., FI, logistics and HR
c. it has three tier architecture representing database, application and front end
presentation
d. it has three tier architecture representing GUI, BAPI and RCF
3. application modules supported by R/3 include

a. FI, CO, TR, SD,MM, PP, PM,QM,HR,PS,WF,IS
b. FI,CO,TR,SD,MM,PP,PM,QM,HR,PS,WF,IS,EC
c. FI,CO,TR,SD,MM,PP,PM,QM,HR,PS,WF,IS,EC,CCPC,CPPA
d. 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. MPS
b. MRP
c. Purchase requisition
d. Goods delivery
5. Main components of FI are

a. GL,AR,AA,LC,TR
b. GL,AR,AP,AA,TR
c. GL,AR,AP,AA,LC,TR,CM
d. GL,AR,AP,AA,LC,TR,TM
6. Main components of CO are

a. COOM,COPC,COPA,ECPCA,COTM
b. COOM,COPC,COPA,ECPCA,COCCA
c. COOM,COPC,COPA
d. 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,INVOICE
b. PR-PO-GR-INVOICE VERIFICATION
c. PR-PO-GR-INVOICE VERIFICATION-VENDOR PAYMENT
d. PR-PO-GR-INVOICE VERIFICATION-RECEIPT OF DISCOUNT FROM VENDOR
8. It is a must to create group company before any transaction processing
a. completely true
b. partially true
c. completely false
d. partially false
9. it is a must to create company code before any transaction processing

a. completely true
1
FI PAPER – 14
b. partially true
c. completely false
d. partially false
10. business area is a legal entity for which you need a balance sheet
a. completely true
b. partially true
c. completely false
d. partially false
11. client is the highest level organization

a. completely true
b. partially true
c. completely false
d. partially false
12. many company codes can be attached to one plant

a. completely true
b. partially true
c. completely false
d. partially false
13. many company codes can be assigned to one controlling area

a. completely true
b. partially true
c. completely false
d. partially false
14. operating concern can encompass several controlling areas

a. completely true
b. partially true
c. completely false
d. partially false
15. credit control area is a concept in CO

a. completely true
b. partially true
c. completely false
d. partially false
16. master data is created with the help of IMG

a. completely true
b. partially true
c. completely false
d. partially false
17. transaction data is core information that is shared across applications
a. completely true
b. partially true
c. completely false
d. partially false
18. the user specific defaults are possible if setting is done in

a. user profile
b. company code parameters
c. session managers
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FI PAPER – 14
d. terminal
19. customized report trees are created through

a. transaction menu of information system
b. master creation of reports
c. IMG
d. Standard report functionality
20. Variant creation helps in

a. calculating variance between actual and standard
b. processing repetitive transactions
c. to coy repetitive field values in master creation
d. to be a standardized selection criteria for repetitive use required to run
program
21. credit control area may consist of one or more company codes
a. completely true
b. partially true
c. completely false
d. partially false
22. credit control area is used

a. by the SD and AR components to provide integrated credit management
b. by FI/AP to prove credit worthiness to vendors
c. independently by FI to monitor customer credit
d. independently by SD to monitor customer credit
23. a company code can be assigned with

a. three chart of accounts
b. two charts of accounts
c. only one chart of account
d. 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 parameters
b. master data of ledger account from operating chart of account
c. group company details
d. 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 transaction
b. to determine which fields should be suppressed, required or optional while
creating master in company code area
c. to determine which fields should be suppressed, required or optional while
processing transactions and master both
d. in grouping the accounts with specific logic and assign specific number
interval
26. 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 process
b. the same chart of account can be assigned to several company codes
c. the company specific features can be maintained in company code areas
3
FI PAPER – 14
d. creation of G/L can be done in two stages

27. house banks are banks
a. which are used by the company code in which they are created
b. which are used by customers/vendors
c. located in the same building where company is located
d. which are nationalized
28. primary cost element is related to

a. G/L account code in one to one relationship
b. G/L account code in one to many relationship
c. Several secondary cost elements to group them
d. Internal order
29. It is a must to assign a standard hierarchy in cost center master

a. completely true
b. partially true
c. completely false
d. partially false
30. statistical order permits

a. settlement to cost center
b. application of overhead to them
c. evaluation of costs which cannot be itemized in detail cost element or cost
center accounting
d. costing of product
31. for every transaction, system generates at least

a. 4 documents
b. 3 documents
c. 2 documents
d. 1 document
32. transactions which have a financial impact generate along with other documents
a. material document
b. SD document
c. System document
d. Accounting document
33. Purchase order creation is an example of transaction

a. which also triggers accounting document
b. which does not create any accounting document
c. which creates document in SD
d. which triggers document in PP
34. document has the following sections
a. title and details
b. open item and line items
c. header and line items
d. coding block and line items
35. document type is assigned in the line item section of document

a. true
b. false
36. document type allows more than one account types while processing the
particular document type
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FI PAPER – 14
a. true
b. false
37. number range id is assigned in

a. account type
b. document type
c. document header
d. document line item
38. following are the account types

a. A,D,K,M,S
b. A,D,K,M,S,B,S
c. A,D,K,M,S,T
d. A,D,K,M,S,P,L
39. Number range can be defined as

a. only internally system generated
b. only externally assigned by user
c. either externally or internally
d. both externally and internally at the same time
40. posting keys determine

a. account groups to which account numbers belong
b. debit/credit, account type and field status of the transaction
c. debit/credit, account type, account group and field status of the transaction
d. 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 variant
b. field status variant
c. fiscal year variant
d. global parameters of company code
42. only one company code can be attached to a posting period variant
a. true
b. false
43 fiscal year can have

a. maximum 12 regular posting periods and 4 special periods
b. any number of posting periods
c. 16 regular periods
d. 16 special periods
44 account type essentially controls

a. account group which can be assigned to the account code
b. which account-G/L, customer, vendor, material, or asset can be used in a line
item of transaction posting
c. tolerance level of the accounts involved
d. document type which can be used
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FI PAPER – 14
45 account group in the context of G/L account determines status of fields in

a. transaction
b. chart of account segment of master data
c. company code segment of master data
46 field status variant and posting key both determine field status in
a. chart of account segment of master data
b. company code segment of master data
c. document type
47 negative postings cause transaction figures of the account

a. changed
b. unchanged
c. double
48 fornegative posting, negative posting indicator needs to be checked

a. only in document type
b. only in company code global parameters and reason code properties
c. only in document type, company code global parameters and reason code
parameters
49 following and the FI functionality offered for speedy posting

a. posting with reference, recurring entries, account assignment models, G/L fast
entry screens
b. only G/L fast entry screens
c. only recurring entries
50terms of payment can be assigned to

a. G/L master
b. Customer or vendor master
c. Transaction processing for customer/vendor
51 Base line date is

a. a date on which payment becomes due
b. from which due date is calculated depending on the settings in payment terms
c. a base date after which discount lapses
52 due date and cash discounts are dependent on

a. settings in company code
b. credit management settings
c. payment term
d. payment method
53 currency assigned in company code master is
a. transaction currency
b. group currency
c. hard currency
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FI PAPER – 14
d. local currency
54 validations are used

a. to substitute values in fields
b. to support data entry
c. to validate the data being entered is meeting certain criteria when certain
prerequisites are met
55 parking of document is a functionality

a. which can be used to complete and post subsequently the documents which
are incomplete
b. to hold the document for the new session
c. to process documents faster
56 dunning process is used

a. to generate payments
b. to remind customer/vendor of account arrears
c. to remit the payments
57 opening and closing of posting period is done

a. customization of fiscal year
b. customization related to opening and closing of posting period
c. definition of posting period variant
58 updating of reconciliation account

a. happens on a daily basis
b. is real time update
c. happens after the end of the posting period
59 customer and vendor master can b e maintained

a. only in FI
b. only in SD/MM
c. centrally as well as in respective functional areas
60customer master is divided into
a. two sections-company code and sales area
b. three sections-general data, company code and sales organization
c. four sections-general data, company code, salas organization and production
61 function of tolerance group is

a. is to set tolerance level for foreign exchange
b. is to define user groups with different amount limits for documents and line
items
c. grouping tolerance levels of specific nature
62 posting keys are defined at

a. business area level
b. company code level
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FI PAPER – 14
c. client level
63 every company code must have its own document type

a. true
b. false
64 the standard posting keys used for G/L posting are

a. 40, 50
b. 19, 20and 40
c. 50, 39
65 in case of cross company code transactions

a. one has to post two documents individually
b. 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
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FI PAPER – 14
KEY
1. A,C
2. C
3. D
4. B
5. C
6. A
7. B
8. C
9. A
10. C
11. A
12. C
13. A
14. A
15. ..
16. A
17. C
18. A
19. ..
20. B
21. A
22. A
23. A,B,C,D
24. B
25. B,D
26. A,B,D
27. A
28. A
29. A
30. ..
31. D
32. D
33. B,D
34. C
35. B
36. A
37. B
38. A
39. C
40. B
41. A,C
42. B
43. A
44. B
45. C
46. C
47. A
48. C
49. A
50. B,C
51. B
52. C
9
FI PAPER – 14
53. D
54. C
55. A
56. B
57. B
58. B
59. C
60. B
61. B, C
62. C
63. B
64. A
65. B
10
FI PAPER – 15
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 solutions
b. industry solutions
c. technology
d. services
3. SAP business object consists of

a. attributes
b. methods
c. attributes and methods
4. what is long form of BAPI
5. BAPI is assigned to one and only one business object

a. true
b. 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 system
a. true
b. false
2. which of the following statements accurately describe a client in an SAP system

a. a client represents a completely independent business entity
b. a client has its own database
c. a client corresponds to a customer
d. a client may represent an entire company
3. the following strings are valid entries in the command field: Choose the correct
answers.
a. /nend
b. /nex
c. ?SM04
d. /nsm04
e. from SAP easy access: SM04
f. from SAP easy access: search_sap_menu
4. you can use the F1 key to

a. display an explanation of a field’s uses
b. display a list of possible input values
c. change your user data (e.g., the logon language)
d. end the session you are in
e. display detailed
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FI PAPER – 15
5. you can use the F4 key to

a. start another session
b. display detailed technical information on a program
c. call the SAP library
d. display possible entries for an input field
e. create a print request of the screen currently displayed
6. you can also call the context sensitive SAP library using the F1 key
a. true
b. false
7. the following personalization options are available in the SAP-GUI

a. you can change the font size (within limits)
b. you can have system messages displayed in a dialog box
c. you can change the size of input fields
d. you can suppress the display of pictures
e. every user can display a picture of their choice on the SAP easy access screen
f. 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

a. database server only
b. application server only
c. presentation server only
d. all of the above
11. all data and programs are contained in

a. application server
b. database server
c. none of the above
12. maximum no. of sessions a user can open when he logs on to SAP
a. one
b. three
c. five
d. 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
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FI PAPER – 15
a. can be assigned to several company codes

b. can be defined as a group chart of accounts
c. only contains definitions of G/L accounts
d. 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 type
c. the tax rate and tax indicator are pre-set by SAP for each country
d. 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 in

a. G/L account groups
b. G/L account
c. Chart of accounts
4. Which of these statements on document principle are correct

a. R/3 can assign the document nos. always
b. A business event can trigger only one document within R/3
c. Each business event creates an account document in R/3
d. R/3 will link related documents in the system
5. All FI entries will be repeated in CO module also

a. true
b. false
Basic settings
1. You can assign a business area to a company code directly

a. true
b. false
2. which of the predefined fiscal year variants are

a. calendar year
b. 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 for
7. fiscal year can be
a. year dependent
b. year independent
c. both year dependent and year independent
8. fiscal year which is a calendar year can have

a. 12 normal periods
b. less than 12 normal periods
c. more than 12 normal periods
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FI PAPER – 15
9. shortened fiscal year can have

a. 12 periods
b. more than 12 periods
c. less than 12 periods
d. should have less than 12 periods
10. company code can have

a. one local currency only
b. two local currencies
c. any no. of local currencies

a. company can use indirect exchange rate only
b. company can use direct exchange rate only
c. company can use both indirect and direct exchange rates
12. which of the following is true in relation to SAP features

a. business areas are company code specific
b. business areas are assigned to company codes
c. business areas are used for reporting across company codes
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 dependent

a. 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 code
a. true
b. false
18. in case of non calendar fiscal year, annual displacement indicator is used
a. true
b. 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 code
a. true
b. false
23. purchasing is done by what organization and for whom
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FI PAPER – 15
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 organizations

a. true
b. 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 account
a. true
b. false
31. what is the element other than document header in an FI document
32. document no. range can be both internal and external

a. true
b. false
33. in which case same document number will be taken for a new financial year
34. group chart of accounts is used for consolidation

a. true
b. false
35. at what level a vendor account is defined
36. more than one plant can be attached to a single company code
a. true
b. false
37. several company codes can use the same posting period variant
a. true
b. false
38. you can close a financial year even if you have parked documents
a. true
b. false
39. G/L account/posting keys contain further specifications for account assignment in
tax calculation procedure
a. true
b. 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
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FI PAPER – 15
a. true
b. false
43. if an account is managed with open items, then line item display must be
activated
a. true
b. 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
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FI PAPER – 15
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
segments
b. the accounts group controls the screen layout of the chart of accounts
segment
c. all G/L accounts must carry a tax indicator
d. you can directly post to the reconciliation accounts
e. the account currency is stored in the chart of accounts segment
21. which statements regarding the bank master records are correct
a. the G/L account name of the house banks has to concur to the name in the
bank key directory
b. the name for the G/L account at the house bank is freely definable
c. 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 accounts
e. 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 we

a. add company code segment to chart of accounts segment
b. create both company code segment and chart of segment
c. create chart of account
d. copy chart of account segment from other company code
23. if we are using same chart of account in more than one company code
a. company code segments are same in all company codes
b. account name and account number is the same in all company codes
c. currency in company code segment in all company codes are same
d. 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 on
a. account group entered in the chart of account segment
b. group account number entered in chart of accounts segment
c. assignment of group chart of accounts in chart of accounts
25. the appearance of an account master data is based on

a. account number
b. field status
c. chart of accounts
26. creation of duplicate accounts in AP is prevented by using

a. match code before creating the new account
b. sensitive dual control
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FI PAPER – 15
c. switching on automatic duplication check

27. retained earnings account is

a. specific to company code
b. specific to client
c. specific to chart of accounts

a. company code can have one retained earnings account only
b. company code can have more than one retained earnings account
c. chart of accounts can have more than one retained earnings account
d. chart of accounts can have on retained earnings only
e. none of the above

a. account group controls the document field status
b. account group controls the number range
c. account group controls the master record field status
d. all of the above
30. which of the following statements are correct

a. the G/L account name for house banks must match the names given to the
b. the G/L account name for house banks are user definable
c. 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 directory
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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FI PAPER – 15
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 properties

a. field status of transaction field
b. field status of master fields
c. field status of master fields and number range
d. 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 if

a. account currency is not maintained
b. account currency is same as local currency of company code
c. account currency is different from company code currency
d. under all circumstances
45. planning levels in G/L accounts are used for

a. generating G/L planning
b. planning memo entries in treasury
c. classifying transactions pertaining to cash flow
d. classifying G/L accounts as per B/S format
46. you can carry forward P&L account balances to

a. multiple retained earnings accounts automatically
b. single retained earnings accounts automatically
c. multiple retained earnings accounts through period end closing
d. single retained earnings account through period end closing
47. default exchange rate picked up during FI document entry is

a. 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
48. you can clear open items only when they have same
a. business area, amount, opposite dr/cr indicator and same entry in fields that
are configured for auto clearing
b. amount, opposite dr/cr indicator
c. business area, opposite dr/cr indicator
d. amount, opposite dr/cr indicator and same entry
49. foreign currency valuations on G/L accounts are performed on following accounts
a. all accounts
b. all accounts managed on open item basis
c. all accounts managed on open item basis and all accounts with currency
different from local currency
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FI PAPER – 15
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 through
a. account groups
b. sort key
c. worklists
d. totals variant
51. you run BA/PC adjustments for

a. balancing BA level B/S for inter BA transactions
b. balancing company code level B/S for inter company transactions
c. posting adjustment entries for changed reconciliation accounts
d. posting vendor/customer reclassification at BA level
52. fast entry screens in FI are used to enter

a. customer/vendor line items
b. G/L line items
c. C/V, G/L line items
d. Invoice receipt against GR
53. easily entered document entry templates are called

a. sample documents
b. account assignment models
c. work lists
d. recurring documents
54. Posting keys are used to decide

a. dr/cr indicator, field status of transaction screen, account types
b. dr/cr indicator, account types
c. dr/cr indicator, account types, field status of transaction screen, special G/L
applicability
d. 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 assigned
a. 2 local currencies, coa
b. 3 local currencies, coa
c. 2 local currencies, company code
d. 3 local currencies, company code
56. when you reverse a posted document, document number must be

a. internal
b. external
c. internal/external
d. manually assigned
57. financial statements can be generated in

a. local currency
b. document currency
c. chart of account currency
d. any currency for which customization is done
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FI PAPER – 15
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 screen
a) if text is hidden per posting key, text optional as per field status group,
then _____ will be in document entry screen
b) if text is optional as per posting key, text is required as per field status
group, then it will be a ______ in document entry screen
c) 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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FI PAPER – 15
22. which of the following statements are true, when you are considering major
controls of document types
a. the account types allowed for postings
b. the field status of header text and reference no.
c. posting keys

a. posting keys are defined at client level
b. account types allow line item postings based on posting key
c. field status definition ‘suppressed’ and ‘required’ can not be combined
d. 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 code
b. we cannot use same posting period variant for several company codes
c. we can maintain different special periods for each company code

a. we can open two period ranges during the time of closing process
b. based on the document date entry, system will determine the posting period
and fiscal year
c. 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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FI PAPER – 15
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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FI PAPER – 15
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 discount
b. due date only
c. cash discount only
20.postings in a company code are done in G/L account of

a. consolidation coa
b. operative coa
c. country coa
d. all of the above
21. posting in a G/L account is controlled by

a. account group of the G/L account
b. field status group in the coa segment
c. field status group in the company code segment
d. 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
Clearing
1. 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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FI PAPER – 15
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 can

a. activate or deactivate open items
b. reverse the open items
c. activate or deactivate the cash discount
d. 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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FI PAPER – 15
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 are

a. select open invoices to be paid or collected/post payment document
b. post payment documents/print print media
c. select open invoices to be paid/collected
d. post payment document
e. print print media
11. which of the following are true

b. only line item payment block can be removed during payment proposal
c. items that cannot be paid are detailed in the exception list
12. which of these statements on payment program are correct

a. there are four steps in payment process i.e., parameters, proposal, program,
print
generate print media
13. every run of the payment program is identified by two fields

a. run date
b. identification

a. the run date is recommended to be the actual date when the program is
executed
b. 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 always
b. by specifying vendor/customer/special G/L transaction to be paid, we can
process special G/L transaction only
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FI PAPER – 15
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 payment
b. bank/payment method combination is must to define ranking order
c. 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 true

a. define check lot in order to print checks
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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FI PAPER – 15
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 dunning
1.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
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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) false
19. what is changed by the dunning run?
a. the date ‘last dunning run’ in the customer master record
c. the dunning level in the dunned document
d. the form specification in the customer master record for the next dunning
letter
e. the dunning procedure for the next dunning run in the customer master record
20.when running the dunning program

b. we cannot delete proposal
c. we can recreate the proposal until the dunning clerk is satisfied with result
d. after completing the dunning proposal list, dunning data is updated in master
records
21.which is true
c. dunning procedure can process only standard transaction
d. interest can be posted at the time of dunning
22.the maximum dunning level can be defined in the dunning procedure is

a. four
b. six
c. 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 false

a. we cannot specify per dunning level that interest is to be calculated
c. we can set a minimum amount for the dunning charges on each dunning level
25. what information does a dunning run change

a. date of last dunning run in the customer master record
c. the dunning level in document for which dunning notices are created
d. from (layout set) specifications in the customer master record for the text in
Correspondence
1.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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FI PAPER – 15
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 true

a. we can calculate interest on G/L accounts under interest on arrears method
b. each interest id must be assigned to interest calculation type
Country specifics
1.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 statements

1.Two steps to define financial statement versions are
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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FI PAPER – 15
5. individual value adjustment for doubtful receivables are possible through

a. special G/L transactions
b. normal transactions
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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FI PAPER – 15
Receivables and Payables

1.the view maintained for vendor master data are
a. general data, company code data
b. general data, company code data, purchasing data
c. general data, company code data, business area data
d. general data, company code data, business area data, plant data
2. group key assigned to vendor master records control the following

a. it is a combination of up to three fields based on which open invoices are
selected for automatic payment
b. basis for grouping several vendors for balance display
c. basis for classifying vendors for standard reporting
d. 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 affects

a. the main reconciliation account of vendor/customer
b. alternative reconciliation account mapped to the main reconciliation of
vendor/customer
c. alternative reconciliation account and main reconciliation account of
vendor/customer
d. offsetting entry to main reconciliation account of vendor/customer
4. check management with respect to outgoing payments is possible for open items
for
a. vendors
b. vendors and customers
c. vendors, customers and G/L accounts
d. 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 document
b. sample document
c. account assignment model
d. recurring document
6. accounting for down payment request involves

a. statistical items
b. parked items
c. noted items
d. regular items
7. business area is determined for accounting documents generated automatically

from logistics module based on
a. plant-division combination
b. plant-division-distribution channel combination
c. plant-sales area combination
d. plant-division combination and sales area
8. when you carry out regrouping through AR/AP, following activities are performed
a. reclassify where debtors have credit balance and vice versa
b. reclassify open items by remaining life
c. reclassify by changed reconciliation accounts
d. all of the above
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FI PAPER – 15
9. when you carry out automatic payment, bank through which payment is effected is
based on
a. ranking order of house banks
b. house banks maintained for specific business area
c. house banks entered in the parameters of the run
d. 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 MM
b. changing field entry from invoice document
c. by reallocating in payment proposal
d. cannot be removed
11. in SAP, a bill of exchange receivable item is cleared during

a. discounting the bill
b. transfer posting with clearing
c. reversal of contingent liability
d. clearing of outstanding advance from the customer
12. in which of the following processes do the original invoices remain as open items
a. residual payment
b. partial payment
c. charge off difference
d. distribute difference
13. what are the different account types in SAP

a. customer, vendor, G/L
b. customer, vendor, G/L, asset, material
c. customer, vendor
d. 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 procedure
b. dunking key
c. dunning clerk
d. dunning area
15. if you do not want to dun beyond a particular level

a. use dunning key to limit the maximum level
b. use dunning block on vendor master
c. use dunning clerk to block dunning
d. 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 variant
b. totals variant
c. line layout
d. additional field
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FI PAPER – 15
Profit and loss

1.Foreign currency valuation is possible
a. only on vendor/customer open items
b. only on balance sheet items (G/L accounts)
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 executed

a. through batch input session
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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FI PAPER – 15
KEY
mySAP Business Suite overview

1. extend rather than replace
2. a,b,c,d
3. c
4. business application programming interface
5. false
6. BW, CRM, APO, B2B, SCM, KW
7. market place, work place
Navigation
1. false
2. a,d
3. a,b,d,e,f
4. a,e
5. d
6. true
7. a,b,d,f
8. between 2 and 6 sessions
9. the function is called user list; code is sm04
10. d
11. a,b
12. d
13. presentation server; application server; database server
14. /n
15. system_menu
16. F1
Overview of financial accounting

1. a,b,c
2. d
3. c
4. a,d
5. false
Basic settings
1. false
2. calendar year: 01, K1, K2, K3, K4; year specific: AA,AM,RI,UL,WK
3. 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 spreads
5. currency keys
6. M-average rate for posting and clearing; G-buying rate; B-selling rate
7. a,b
8. a,b
9. c
10. a
11. a,b,c
12. c
13. client
14. controlling area
15. false
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FI PAPER – 15
16. four character

17. false
18. true
19. company code, coa
20. group
21. client
22. true
23. purchasing, plant
24. a. PO; b. GR; invoice verification
25. operating concern
26. true
27. billing
28. asset class
29. depreciation
30. true
31. document line items
32. external
33. year dependent
34. true
35. client
36. true
37. true
38. false
39. true
40. expense, revenue
41. tax rate
42. K,D
43. true
44. company, consolidated business area
Master records
1. coa segment, company code segment
2. hide, display, required entry, optional entry
3. chart of accounts
4. account group
5. reconciliation accounts
6. false
7. false
8. true
9. false
10. true
11. true
12. general data, co.code segment, sales area segment
13. general data, co.code segment, purchasing organization segment
14. false
15. false
16. internal
17. centrally
18. external; internal/external
19. four (accounting information, payment transactions, correspondence
and insurance (customer account) or withholding tax (vendor account)
20. a
21. b,c,d
22. a,b
23. b
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FI PAPER – 15
24. a
25. b
26. a,c,d
27. c
28. b,c
29. b,c
30. b,c
31. true
32. true
33. false
34. true
35. false
36. true
37. false
38. false
39. false
40. true
41. year dependent; year independent
42. true
43. c
44. b
45. c
46. c
47. b
48. a
49. d
50. c
51. a
52. b
53. b
54. c
55. d
56. a
57. d
Document control
1. no. ranges for document nos.; account types permitted for postings
2. external
3. external
4. false
5. true
6. false
7. true
8. you specify a no. range for each document type. One no. range can be
used for several document types
9. determination of which account type can be posted to; side of the
account (dr/cr); the field status of additional details
10. field status group, posting key
11. hidden; required entry; error
12. debit, posting key 40; credit, posting key 50
13. true
14. field status
15. G/L account
16. company code
17. valid for all accounts
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FI PAPER – 15
18. G/L accounts

19. false
20. false
21. false
22. a,b
23. a,b,c,d
24. all false
25. a, c
26. false
27. false
28. false
29. false
30. false
31. true
32. document header, line items
33. external
34. year dependent
35. true
36. false
37. ..
38. false
Posting control
1. user master records; parameter memory; system data; account master
record; accounting functions
2. normal reversal posting; reversal by negative posting
3. the company code must allow negative postings; the reversal reason
must be defined for negative posting
4. true
5. false
6. true
7. company code, sales area
8. base line date
9.
10. cash discount clearing account; cash discount loss account
11. cash discount revenue account; cash discount expense account
12. taxation at national level; taxation at regional/jurisdictional level
13. rules, posting key, tax accounts
14. central purchasing; central payment
15. true
16. false
17. false
18. true
19. the cross company code transaction no. is a combination of document
no. in 1st company code, first company code no., and the fiscal year
20. a
21. b
22. false
23. false
24. true
25. true
Clearing
1. account clearing; post with clearing
2. true
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FI PAPER – 15
3. false
4. true
5. true
6. false
7. account clearing
8. posting with clearing
9. residual item
10. partial payment
11. true
12. true
13. 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,d
15. true
16. true
17. true
18. false
19. true
Special G/L transactions

1. true
2. false
3. true
4. false
5. false
6. false
7. false
Automatic payments
1. maintain parameters; proposal run; editing proposal; payment run;
printing payment media
2. all company codes, paying company codes; payment method/country;
payment method/company code; bank selection; house banks
3. parameters
4. next posting date
6. payment parameters
7. false
8. true
9. true
10. a,b,c
11. a,b,c
12. a
13. a,b
14. a
15. b,c
16. b
17. a
18. true
19. false
20. true
21. true
22. false
23. true
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FI PAPER – 15
24. false
25. false
26. true
27. false
28. false
29. true
30. true
31. true
32. false
33. false
34. base line date
35. sales area
Automatic dunning
1. maintain parameters; proposal run; editing the dunning proposal;
printing dunning notices
2. false
3. true
4. true
5. false
6. true
7. 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 dunning
9. true
10. false
11. false
12. false
13. true
14. true
15. true
16. true
17. true
18. false
19. a,b,c
20. a,c
21. a,b
22. c
23. false
24. a,c
25. a,b,c
Correspondence
1. true
Interest calculation
2. true
3. false
4. true
5. 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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FI PAPER – 15
7. b
Country specifics
1. vendor invoice; payment document; checks
2. manual check; auto payment program-RFFOUS_C or RFFOD_S
3. true
4. true
5. false
6. service provided by banks to speed up collection and
processing of incoming payments
7. 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 processed
9. false
The financial statements

1. a,b
2. false
3. true
4. false
5. a
6. false
7. false
8. false
Receivables and Payables

1. b
2. a
3. b
4. b
5. a
6. c
7. d
8. a,b,c,d
9. d
10. a
11. c
12. b
13. b
14. d
15. a
16. c
Profit and loss

1. a,b,c
2. true
3. true
4. true
5. a,b,c
6. 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 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.
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 accounts
b. may contain multiple charts of accounts
c. 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 code
c. A controlling area and a company code must have the same local currency.
Page 1 of 11
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 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
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 Receivable
9. 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 advice
b. Payment notice
c. Account statement
d. 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.
Page 2 of 11
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 Master
16. 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
Page 3 of 11
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 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
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 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
24. According th 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
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 randomly
b. You can only determine one payment method per house bank
c. You can select several payment methods per country
Page 4 of 11
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 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
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)
Page 5 of 11
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 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.
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
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
33. 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
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 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
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 function
d. CO production orders.
Page 6 of 11
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. GuiXT
b. GuiCapture
c. SAPGui
d. SAPShow
e. Profile Generator
38 Which of the following can you add to a Favorites list?

a. Files
b. Transactions
c. Web address
d. Reports
e. User menus
40 The date format can be defined by the following:

a. Country
b. System.
c. User.
d. Company
e. 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.
Currency
42. 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
43. 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
Page 7 of 11
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 account
b. The company code
c. The payment terms and payment block
d. 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.
Page 8 of 11
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 type
c. Account group
d. 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 type
c. The number range assigned to the Posting key
d. The field status group
52. Closing of period is controlled by. (Single).

a. Posting Period variant.
c. Field status variant.
d. Closing period variant.
53. Where are the posting period defined. (Single)

a. Posting period variant.
c. Field status variant
d. 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 accounts
c. 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 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
Page 9 of 11
57. 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
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.
Page 10 of 11
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 account
a. Account Group.
b. Balance sheet a/c or P&l a/c & P&L statement type.
c. Short text.
d. Sample account number
e. 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. 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.
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.
Page 11 of 11

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ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTING

1. The length of G/L account number should be mentioned in

2. The G/L account becomes a complete G/L account

4. The appearance of the company code segment of a G/L account is based on

5. The appearance of an account master data is based on

6. Creation of duplicate accounts in A/P can be prevented by using

8. Which of the following statements are true

10. Which of the following statements are true

State whether this statement is true or false

13. Which of the following statements are true

State whether this statement is true or false

State whether this statement is true or false

16. R/3 system contains

17. All data and programs are contained in

18. SAP business object consists of

20. Fiscal year can be

21. Fiscal year which is a calendar year can have

22. Shortened fiscal year can have

23. Company code can have

24. Postings in a company code are done in G/L account of

25. Retained earnings account is

26. Which of the following statements is true

b. company use direct exchange rate only

27. State which of the following is true in relation to SAP features

28. Posting in a G/L account is controlled by

29. Which of the following is true

30. Which of the following is true

7. Which of the following statements are always true

8. Which of the following statements are false

9. Which of the following statements are false

10. Which of the following statements are true

11. Which of the following statements are true

12. Customer master has following segments

13. A document is uniquely identified by

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

14. Which of the following statements are correct

16. Business area once defined is available for use to

18. While creating a sample account, following information may be entered

19. A G/L account can be blocked for the following purposes

21. Customer and vendors are defined in SAP at following level

23. A customer account can be blocked for the following purposes

1. Which of the statements on document principles are correct?

3. Which of the following are true

4. Which of the statements on payment program are correct

6. Which of the following statements are true

7. Which of the following statements are true

8. Which of the following statements are true in respect of payment program

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

10. If we are using check management, which of the statements is true

11. Say true or false

13. Which of the following statements are true

16. What information does a dunning run change?

17. Which of the statements are true

18. Two steps to define financial statement versions are

19. Which of the following statements are false

20. Which of the following statements are true

21. Individual value adjustment for doubtful receivables are possible

22. Foreign currency valuation is possible

23. Which of the following statements are true

24. Depreciation postings can be executed

1. A-F, B-T, C-T

1. Account groups are used to control the following properties