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
9. Which
of the following statements are false
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
10. Which
of the following
statements are true
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
11. Which
of the following
statements are true
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
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
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
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
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
6. Which
of the following statements are true
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
7. Which
of the following statements are true
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
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
13. Which of the following
statements are true
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
19. Which
of the following
statements are false
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
20. Which
of the following
statements are true
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) c.
both of the above
23. Which
of the following
statements are true
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
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
….>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
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
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
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
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
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
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
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
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
2. Which
of the following statements are correct
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 d. none of the above
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
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
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
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
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
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
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
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
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
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
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
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
51. LINE ITEM DISPLAY
52. COMPANY, CONSLIDATION BUSINESS AREA
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
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.
a. any payment block can be removed in payment proposal edit
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
b. once
the parameters have been specified, the print program is scheduled to
generate payment media
5. Every run of the payment program is identified
by two fields a. run date
b. identification
6. Which
of the following statements are true
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
7. Which
of the following statements are correct
a. the
G/L
account name for house banks 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 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
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
b. check
lots are used only for automatic payments
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 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 master
records
13. Which of the following
statements are true
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
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
16. Which
of the following
statements are false
a. we cannot 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 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 b. the dunning level 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 the next dunning letter
e. the dunning
procedure in the customer master record for
the next dunning run
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. enter
it in the directory
of financial statement version b. define
hierarchy levels and assign accounts
20. Which
of the following
statements are true
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
c. both of the above
22. Foreign currency valuation is possible a. only vendor/customer open items
b. only balance
sheet items
c. both of the above
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
b. direct FI postings
c. any one of the above
25. To
set up the financial statement
version in your company, maximum limit is
9. TRUE/FALSE
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
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
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
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
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
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
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 |
9. Which of the following statements are false with respect to reconciliation account
|
(Y) |
(N) |
One Customer account can have many normal reconciliation accounts |
|
(Y) |
(N) |
Reconciliation A/C
can
be used for direct accounting entries |
|
(Y) |
(N) |
Reconciliation A/C
are G/L Accounts |
10. Which
of the following
statements are true with respect
to account groups
(Y) (N)
The Account Group is a required entry in the G/L COA Segment
(Y) (N)
The Account Group is a required entry in the AR General Segment (Y) (N) All the Account Groups of
customers can have one common number range
11. Which
of the following
statement is true with respect to customer account
(Y) (N)
One customer can have different customer codes in various company
codes
(Y) (N)
Company codes following the same chart of accounts must have the
same
reconciliation account for the same customer
(Y) (N)
Various company codes can have different payment
terms with one customer
(Y) (N)
Group Account Number is mandatory
while entering a customer
master
12. Which
of the following
statement is true
(Y) (N)
For creation of vendor master account group is optional
(Y) (N)
General Date Segment of
the
Vendor master can be used across
(Y) (N)
company codes within a client
(Y) (N)
Purchase organization segment of the same Vendor can be different for different
company codes
13. Customer Master has the following Segments
|
(Y) |
(N) |
Chart of account segment |
|
(Y) |
(N) |
General data segment |
|
(Y) |
(N) |
Purchase Organization segment |
|
(Y) |
(N) |
Accounting data (company code)
segment |
|
(Y) |
(N) |
Sales Area Segment |
14. A Document is uniquely identified by a combination of
|
(Y) |
(N) |
Document Header /Posting key |
|
(Y) |
(N) |
Posting Date/Document Number/Company Code |
15. Which of the following statements
are true
|
(Y) |
(N) |
Document
Numbers can be alphanumeric |
|
(Y) |
(N) |
Field Status of Transaction entry is Activity
dependent & Account |
|
dependent |
||
|
(Y) |
(N) |
Document Type controls Field Status Group and G/L
accounts that can |
|
|
|
be used in
the
document. |
|
(Y) |
(N) |
Document Types are defined
at the Chart of Account Level |
16. The relationship between House Banks and Account ID is the following
|
(Y) |
(N) |
One to One |
|
(Y) |
(N) |
One to Many |
|
(Y) |
(N) |
Many to Many |
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 |
(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
(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 |
37. Which
of the following
statements are true
(Y) (N)
Posting Keys are defined
at the client level
(Y) (N)
The account types allowed in line item posting based on
posting key (Y) (N) The field status definition “suppressed” & “required” cannot be combined
38. Which of the following
are true if we are using the same posting period variant for several companies codes
(Y) (N)
The same fiscal year variant has to be used to use same posting period
variant
(Y) (N) While Opening & Closing of periods of all company codes
can be done together
his can also be done separately for each company codes as
long as
the definition and number of posting periods is same.
39. Which
of the following
statement is true
(Y) (N)
We can open two period ranges during the time of closing process
(Y) (N)
Document entry date determines the posting period and fiscal
year
(Y) (N)
If you display the balances of an account the transaction figures of the posting
period are displayed.
40. By mentioning the baseline date, cash discount periods and cash discount percentage
rate in the payment terms system will
|
(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
requests
balances. You can dun and pay automatically using down payment
43. The
specifications of
permitted payment differences can be found in both types of tolerance
groups. They control the automatic posting of cash discount adjustments and
unauthorized deductions
(Y) (N)
44. In Document header the reference field and the document
header text are modifiable.
(Y) (N)
45. All Reconciliation accounts
and all general ledger accounts with open item transactions
in foreign
currency must be assigned
to the revenue/expense accounts for
realized
losses and gains(Y) (N)
46. Terms of payment are defaulted
from master
records when you post a document.
Terms
of Payment cannot be assigned at the time of posting the document or
Entered manually
if they are not assigned to the master record
(Y) (N)
47. R/3 system contains
|
(Y) |
(N) |
Database
server only |
|
(Y) |
(N) |
Application server only |
|
(Y) |
(N) |
Presentation server only |
|
(Y) |
(N) |
None of the above |
|
(Y) |
(N) |
All of the above |
48. Maximum Number of sessions a users can open when he logs on
to SAP
|
(Y) |
(N) |
One |
|
(Y) |
(N) |
Two |
|
(Y) |
(N) |
Six |
|
(Y) |
(N) |
Ten |
|
(Y) |
(N) |
“N” |
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 |
|
(Y) |
(N) |
All of the above |
|
(Y) |
(N) |
None of the above |
53. Retained Earnings Account is
|
(Y) |
(N) |
Specific to the Company
code |
|
(Y) |
(N) |
Specific to the Client |
|
(Y) |
(N) |
Specific to the Chart of Account |
|
(Y) |
(N) |
All of the above |
54. Which of the following statement
is true
|
(Y) |
(N) |
Company
can use indirect exchange rate
only |
|
(Y) |
(N) |
Company can use direct exchange
rate only |
|
(Y) |
(N) |
Company can use both direct &
indirect exchange rate |
55. Which
of the following
statement is true
(Y) (N)
Business areas are company code specific
(Y) (N)
Business areas are assigned to assigned to company codes
(Y) (N)
Business areas are assigned to assigned to group
(Y) (N)
Business areas are activated and used for
reporting across company codes
(Y) (N)
None of the above
56. No Terms of payment are proposed when you post a credit memo,
you can default them
from original invoice by entering the document number
in the invoice reference field else
enter “V” in the invoice reference field so that terms of
payment entered in
credit memo
are
valid.
(Y) (N)
57. Payments can be blocked in during posting, in
the
customer/vendor master
record or in terms of payment.
(Y) (N)
58. A block key and payment method from payment
term is defaulted in the line item
when payment term is used.
(Y) (N)
59. Posting in a G/L account is
controlled by
|
(Y) |
(N) |
Account group for the G/L account |
|
(Y) |
(N) |
The Activity Type for
the document |
|
(Y) |
(N) |
Field status group in the company code
segment |
|
(Y) |
(N) |
All of the above |
60. Which of the following is true
|
(Y) |
(N) |
Chart of account can
have more than one retained earning account |
|
(Y) |
(N) |
Chart of account can have one retained earning account only |
|
(Y) |
(N) |
None of the above |
61. Which of the following is true
|
(Y) |
(N) |
Account group control the document field status |
|
(Y) |
(N) |
Account group control the
number range
of G/L A/c |
|
(Y) |
(N) |
Account group control the master record field status
in AR/AP |
|
(Y) |
(N) |
All of the above |
62. The vendor master contains
data at
|
(Y) |
(N) |
General,
Company code and Purchasing organization level |
|
(Y) |
(N) |
Chart of Account level, Company code
& Purchasing organization level |
|
(Y) |
(N) |
Chart of Account level, Company code
& Sales organization level |
|
(Y) |
(N) |
General, Company code and Sales organization level |
63. Posting using the special G/L indicator updates
|
(Y) |
(N) |
Sub-ledgers only |
|
(Y) |
(N) |
G/L account only |
|
(Y) |
(N) |
Both Sub-ledger and G/L account |
|
(Y) |
(N) |
None of the above |
64. The document date
|
(Y) |
(N) |
Has to be same as the posting date |
|
(Y) |
(N) |
Must be in the same period as the posting date |
|
(Y) |
(N) |
Can be in any period independent of the posting date |
65. Vendor invoice can be entered in
|
(Y) |
(N) |
FI module only |
|
(Y) |
(N) |
MM module only |
|
(Y) |
(N) |
FI & MM modules |
|
(Y) |
(N) |
FI, MM & SD modules |
66. When the automatic clearing
program is executed the base documents are
|
(Y) |
(N) |
Parked &
Cleared in the system |
|
(Y) |
(N) |
Posted and Cleared in the system |
|
(Y) |
(N) |
Posted and Archived in
the
system |
|
(Y) |
(N) |
Cleared in the system |
|
(Y) |
(N) |
None of the above |
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 |
|
(Y) |
(N) |
Any of the above |
72. Posting to an expense account normally needs
|
(Y) |
(N) |
A cost object assignment |
|
(Y) |
(N) |
A revenue object
assignment |
|
(Y) |
(N) |
Either a cost or a revenue object
assignment |
|
(Y) |
(N) |
None of the above assignments |
73. The customer master contains
data at
|
(Y) |
(N) |
General,
Company code and Purchasing organization level |
|
(Y) |
(N) |
Chart of Account level, Company code
& Purchasing organization level |
|
(Y) |
(N) |
Chart of Account level, Company code
& Sales organization level |
|
(Y) |
(N) |
General, Company code and Sales organization level |
74. When posting to a one time vendor or customer
|
(Y) |
(N) |
It is not possible to store the address details |
|
(Y) |
(N) |
The address details have to be entered into
the master before the |
|
|
|
transaction is entered |
|
(Y) |
(N) |
The address details are entered as part of the transaction |
|
(Y) |
(N) |
None of the above |
75. Which of the following
sequence of creating a customer master account is logically correct
(Y) (N)
G/L, Bank, Customer
|
(Y) |
(N) |
G/L, Customer, Bank |
|
(Y) |
(N) |
Customer, G/L, Bank |
|
(Y) |
(N) |
Any of the above |
76. A down payment request makes
|
(Y) |
(N) |
A noted item posting in the vendor account |
|
(Y) |
(N) |
An actual entry in
the
customer account |
|
(Y) |
(N) |
A noted item posting in the customer account |
|
(Y) |
(N) |
An actual entry in
the
vendor account |
|
(Y) |
(N) |
An actual entry in
the
G/L account |
|
(Y) |
(N) |
A noted entry
in the G/L account |
77. Where can a customer master be created
|
(Y) |
(N) |
Centrally only |
|
(Y) |
(N) |
In the SD module only |
|
(Y) |
(N) |
In the FI module only |
|
(Y) |
(N) |
Any of the above |
|
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 |
|
(Y) |
(N) |
None of the above |
79. What is the maximum possible digit length of an internally generated customer number
|
(Y) |
(N) |
6 |
|
(Y) |
(N) |
10 |
|
(Y) |
(N) |
18 |
|
(Y) |
(N) |
24 |
80. Which field
on
the customer master record controls whether
we will accept an incoming
payment for
less than the amount invoiced
|
(Y) |
(N) |
Sort Key |
|
(Y) |
(N) |
Tolerance Group |
|
(Y) |
(N) |
Payment Term |
|
(Y) |
(N) |
Payment Method |
|
(Y) |
(N) |
Bank Key |
81. What are the organizational entities for
which the P&L and B/s can be generated
|
(Y) |
(N) |
Company Code &
Business Area |
|
(Y) |
(N) |
Company Code & Profit Center |
|
(Y) |
(N) |
Company Code & Cost Center |
|
(Y) |
(N) |
Profit Center & Business
Area |
|
(Y) |
(N) |
All the above |
82. Which
of the following
statement is true
|
(Y) |
(N) |
One company code can use multiple chart
of accounts |
|
(Y) |
(N) |
One Chart of account can be used by
multiple company codes |
|
(Y) |
(N) |
One company code can use only one chart of accounts |
|
(Y) |
(N) |
One chart of account can be used by only one company |
83. Which of the following fields can be changed in the document change mode
|
(Y) |
(N) |
Allocation |
|
(Y) |
(N) |
Posting Date |
|
(Y) |
(N) |
Document Date |
|
(Y) |
(N) |
G/L Account Number |
84. When a document is parked
(Y) (N)
A temporary document number is
generated and the document is not posted
(Y) (N)
The actual document number is generated and the document is not
posted
(Y) (N)
The document is
posted with a temporary document
number
(Y) (N)
The document is
posted but can be reversed
85. What is the number of periods available
in the calendar year
|
(Y) |
(N) |
12 |
|
(Y) |
(N) |
14 |
|
(Y) |
(N) |
16 |
|
(Y) |
(N) |
52 |
|
(Y) |
(N) |
366 |
86. What is the maximum number of line items allowed in
an accounting
document
|
(Y) |
(N) |
2 |
|
(Y) |
(N) |
6 |
|
(Y) |
(N) |
10 |
|
(Y) |
(N) |
999 |
87. Which of the following statement
is true
|
(Y) |
(N) |
One document type can use only one number range |
|
(Y) |
(N) |
One document type can use multiple
number ranges |
|
(Y) |
(N) |
One number range cannot be used by multiple document
types |
88. What is the maximum possible length of a G/L account
|
(Y) |
(N) |
6 |
|
(Y) |
(N) |
10 |
|
(Y) |
(N) |
18 |
|
(Y) |
(N) |
999 |
89. The
fields available for posting in a transaction are controlled
through the field
status group at
|
(Y) |
(N) |
Posting key level only |
|
(Y) |
(N) |
Posting key and G/L
account level |
|
(Y) |
(N) |
G/L account level only |
|
(Y) |
(N) |
None of the above |
90. A parked document can be
|
(Y) |
(N) |
Modified |
|
(Y) |
(N) |
Deleted |
|
(Y) |
(N) |
Posted |
|
(Y) |
(N) |
All of the above |
91. When is the business area level balance sheet self-balanced
|
(Y) |
(N) |
Always |
|
(Y) |
(N) |
It cannot be balanced |
|
(Y) |
(N) |
When Business Area closing procedure is run |
|
(Y) |
(N) |
When MM/PP/SD closing is completed |
92. Which of the following statement
is true
|
(Y) |
(N) |
Any accounting document
can be reversed |
|
(Y) |
(N) |
Only parked documents
can be reversed |
|
(Y) |
(N) |
Only cleared documents
can be revered |
|
(Y) |
(N) |
Once a document is posted it cannot be reversed |
93. A transaction
can span
|
(Y) |
(N) |
Multiple clients |
|
(Y) |
(N) |
Multiple company codes |
|
(Y) |
(N) |
Multiple business
areas |
|
(Y) |
(N) |
Multiple cost centers |
|
(Y) |
(N) |
All of the above |
|
(Y) |
(N) |
Only multiple company codes |
94. The currency for
a document
is determined for
|
(Y) |
(N) |
The whole document |
|
(Y) |
(N) |
Each line item |
|
(Y) |
(N) |
Each Company code |
|
(Y) |
(N) |
None of the above |
95. The document currency
|
(Y) |
(N) |
Can be any currency |
|
(Y) |
(N) |
Must be company code currency |
|
(Y) |
(N) |
Must be same currency as the chart of account |
|
(Y) |
(N) |
Must be the currency defined in
the
G/L master |
96. The local currency of
a transaction
|
(Y) |
(N) |
Can be entered by the user |
|
(Y) |
(N) |
Is always the
company code
currency |
|
(Y) |
(N) |
Is the currency
of the chart of accounts |
|
(Y) |
(N) |
Is determined by the country field in the customer/vendor master |
97. What dictates
whether a document line item requires a tax code
|
(Y) |
(N) |
Tax code in
the
vendor/customer master record |
|
(Y) |
(N) |
Tax category in the G/L master |
|
(Y) |
(N) |
Optional entry
in every transaction |
|
(Y) |
(N) |
None of the above |
98. What sort key is used to sort line items by document currency
amount
|
(Y) |
(N) |
001 |
|
(Y) |
(N) |
003 |
|
(Y) |
(N) |
005 |
|
(Y) |
(N) |
006 |
99. What is meant by the option open item management
in the G/L account mater record
(Y) (N)
The items on
the account are always open
|
(Y) |
(N) |
The items on the account can never be cleared |
|
(Y) |
(N) |
The items on
the account can be cleared |
|
(Y) |
(N) |
No balances are available for the account |
100. What is meant by
the option line item display in a G/L account master record
|
(Y) |
(N) |
Only the line items
can be displayed |
|
(Y) |
(N) |
Only balances can be displayed |
|
(Y) |
(N) |
Line items and balances can be displayed |
|
(Y) |
(N) |
Line items of reconciliation account are displayed |
|
(Y) |
(N) |
None of the above |
101. The sequence of business processes in
MM can be described as
(Y) (N)
Purchase requisition-MRP-Goods Receipt-Invoice-Payment
(Y) (N) Purchase requisition-Purchase order-Goods Receipt-Invoice verification-Vendor Payment
(Y) (N)
Purchase requisition-Purchase order-Invoice
verification-
Vendor Payment
(Y) (N) Purchase requisition-Purchase order-Goods Receipt-Invoice verification-Discount from Vendor-Vendor payment
102. It is must to create company code before any transaction processing in SAP
|
(Y) |
(N) |
True |
|
(Y) |
(N) |
False |
|
(Y) |
(N) |
Can’t Say |
103. It is must to create company code before any transaction processing in SAP
|
(Y) |
(N) |
True |
|
(Y) |
(N) |
False |
|
(Y) |
(N) |
Can’t Say |
104. Company codes &
Business Area are legal entity for
which you create B/s
|
(Y) |
(N) |
True |
|
(Y) |
(N) |
False |
|
(Y) |
(N) |
Can’t Say |
105. Group is the highest level organization unit in R/3
|
(Y) |
(N) |
True |
|
(Y) |
(N) |
False |
|
(Y) |
(N) |
Can’t Say |
106. The user specific defaults
are possible if setting is done in
|
(Y) |
(N) |
User profile |
|
(Y) |
(N) |
Company code parameters |
|
(Y) |
(N) |
Session managers |
|
(Y) |
(N) |
Terminal |
107. Variant creation helps
(Y) (N)
Calculating variance between actual
& standard
(Y) (N)
Processing repetitive transactions
(Y) (N)
To copy repetitive field values in master creation
(Y) (N)
To be standard selection criteria for repetitive use required to run
program
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) |
A D M K S |
|
(Y) |
(N) |
C D A M K |
|
(Y) |
(N) |
S D M K T |
|
(Y) |
(N) |
A D S K E |
115. Document Numbers Can be
|
(Y) |
(N) |
System Generated |
|
(Y) |
(N) |
User Defined |
|
(Y) |
(N) |
Either System generated or User defined |
|
(Y) |
(N) |
Can be created externally
and internally at the same time |
116. Posting key determines
|
(Y) |
(N) |
Account groups to which
account numbers
belong |
|
(Y) |
(N) |
Debit/Credit, Account type and Field Status of the transaction |
|
(Y) |
(N) |
Debit/Credit, Account group and Field Status of the transaction |
|
(Y) |
(N) |
Debit/Credit, Account type and Field Status Group |
|
(Y) |
(N) |
Debit/Credit, Document type &
Field Status of the transaction |
117. Only one company code can be attached to posting period variant
|
(Y) |
(N) |
True |
|
(Y) |
(N) |
False |
|
(Y) |
(N) |
Can’t Say |
118. Account type essentially controls
|
(Y) |
(N) |
Account type which can be assigned to the account code |
|
(Y) |
(N) |
Which account – G/L, Customer, Vendor, Material or Asset can |
|
|
|
be used in
the
line item of transaction posting |
|
(Y) |
(N) |
Whether it has to be debit/credit
posting |
|
(Y) |
(N) |
Document type that can be sued |
119. Account Group in context of
G/L account determines status of
fields in
|
(Y) |
(N) |
Transaction |
|
(Y) |
(N) |
Chart of Account Segment |
|
(Y) |
(N) |
Company Code Segment |
|
(Y) |
(N) |
Does not control field status |
120. For
Negative posting, negative posting indicator needs to be checked
|
(Y) |
(N) |
In document type |
|
(Y) |
(N) |
In company code global
parameters |
|
(Y) |
(N) |
In Reason Code properties |
|
(Y) |
(N) |
In document
type & company code global parameters |
|
(Y) |
(N) |
In document
type & Reason Code |
|
(Y) |
(N) |
In document
type & company code global parameters & reason code |
121. Terms of payment can be assigned in
|
(Y) |
(N) |
G/L Master |
|
(Y) |
(N) |
Customer or Vendor Master |
|
(Y) |
(N) |
Transaction processing of Customer & Vendor Master |
|
(Y) |
(N) |
None of the above |
122.Baseline date is
|
(Y) |
(N) |
A date on
which payment becomes due |
|
(Y) |
(N) |
From which due date is calculated
depending on the setting in |
|
payment terms |
||
|
(Y) |
(N) |
A base date after which document lapses |
|
(Y) |
(N) |
None of the above |
123. Due Date and cash discounts are dependent on
|
(Y) |
(N) |
Settings in
company code |
|
(Y) |
(N) |
Credit Management settings |
|
(Y) |
(N) |
Payment Terms |
|
(Y) |
(N) |
Payment Method |
124. Currency assigned to company code master is
|
(Y) |
(N) |
Transaction currency |
|
(Y) |
(N) |
Group currency |
(Y) (N)
Local currency
125. Dunning process is used
|
(Y) |
(N) |
To make outgoing payments and clear documents |
|
(Y) |
(N) |
To remind customers/vendor of account
arrears |
|
(Y) |
(N) |
To remit payments |
126. Opening and closing
of posting period is done
|
(Y) |
(N) |
In the customization of fiscal year |
|
(Y) |
(N) |
In Special posting period |
|
(Y) |
(N) |
In the Last normal
posting period |
|
(Y) |
(N) |
In customization related
to opening and closing of posting period |
|
(Y) |
(N) |
While defining posting period variant |
127. Updating of Reconciliation account
|
(Y) |
(N) |
Happens
at the end of the posting period |
|
(Y) |
(N) |
Is run time update |
|
(Y) |
(N) |
Happens only when closing a period |
|
(Y) |
(N) |
Can be scheduled by the users |
128. Posting key
is defined at
|
(Y) |
(N) |
Document level |
|
(Y) |
(N) |
Company code Level |
|
(Y) |
(N) |
Chart of Account Level |
|
(Y) |
(N) |
Client Level |
129. Document Type is defined at
|
(Y) |
(N) |
Document level |
|
(Y) |
(N) |
Company code Level |
|
(Y) |
(N) |
Chart of Account Level |
|
(Y) |
(N) |
Client Level |
130. The Standard posting
key used for G/L postings
|
(Y) |
(N) |
40 |
|
(Y) |
(N) |
19 |
|
(Y) |
(N) |
39 |
|
(Y) |
(N) |
31 |
|
(Y) |
(N) |
1 |
|
(Y) |
(N) |
50 |
131. In case of cross company code transactions
(Y) (N)
One has to post two documents individually
(Y) (N) Posts document in once company and the system generates another
document in
concerned company with common link of cross company
code transaction number
(Y) (N)
System links documents based on user given number in
cross-
company
code transaction field
(Y) (N)
None of the above
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
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
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?
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
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
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
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
d. none of the above
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 d. none of
the
above
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
d. none of the above
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
d. none of the above
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 d. none of
the
above
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 d. None of the above
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
d. none of the above
26. what is the maximum possible
length of an internally generated customer
number
|
a. |
6 |
|
b. |
10 |
|
c. |
18 |
|
d. |
24 |
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 |
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
d. None of the above
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
d. none of
the
above
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
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
d. none of
the
above
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 d. none of the above
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
d. none of
the
above
50. the automatic payment
program
a. generates payment orders
only
b. generates payment orders
and accounting transactions c.
generates accounting transactions only
d. none of the above
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
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
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/3 is 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
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
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
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
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
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 d. none of
the
above
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
d. none of the above
47 negative postings cause transaction figures of the account a. changed
b. unchanged
c. double
d. none of the above
48 for
negative 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
d. none of the above
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
d. none of
the
above
50terms of payment can be assigned to
a. G/L master
b. Customer or vendor master
c. Transaction processing for customer/vendor
d. None
of the above
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
d. none of the above
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
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
d. none of the above
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 d. none of
the
above
56 dunning process is used
a. to generate
payments
b. to remind
customer/vendor of account arrears c.
to remit the payments
d. none of the above
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 d. none of the above
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 d. none of the above
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 d. none of the above
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 d. none of
the
above
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
d. none of
the
above
62 posting keys are defined at a. business area level
b. company code level
c. client level
d. none of the above
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
d. none of the above
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
d. none of the above
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
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
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
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
d. none of the above
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
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 à admn à monitor
à system monitoring
à user overview? What transaction code could you use to call this transaction instead of the menu
10. R/3 system contains
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
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
d. None
of the above
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
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
d. none of the above
11. which of the following
is true
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 d. none of
the
above
13. what is the highest
level element of organizational units
14. what is the business unit where cost accounting is carried out in
SAP
15. business areas are company 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
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
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
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
d. none of the above
25. the appearance of an account master
data is based on a. account number
b. field status
c. chart of accounts d. none of the above
26. creation of duplicate accounts in
AP is prevented by using a. match code before creating the new account
b. sensitive dual control
c. switching on
automatic duplication check d. none of
the
above
27. retained earnings account is a. specific to company code b. specific to client
c. specific to chart of
accounts
d. none of the above
28. 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 on
retained earnings only
e. none of the above
29. which of the following
is true
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 house bank in
the bank directory
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
e. at company code level, G/L account names for house banks can be different from those in
chart of accounts
31. G/L master created is always for all company codes in
R/3 a) true b) false
32. Currency is a required field entry while creating G/L master a) true b) false
33. We cannot control the postings in the G/L by way of
tax
code entry for a G/L
account a) true b) false
34. Tax codes are created and operated at country level a) true b)
false
35. Tax codes are created at company code level a) true b) level
36. Tax codes are time dependent a) true b) false
37. Jurisdiction codes are not used at all while creating tax codes
a) true b)
false
38. In AP & AR, account group cannot be created with external number
range a) true b) false
39. Reconciliation account
definitions are available in general data and vendor
master a) true b) false
40. chart of accounts view of G/L account keeps the data like general data
a) true b)
false
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
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
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
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
d. none of the above
23. which of the following
statements are true 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
25. which of the following
statements are true
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
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.
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 d. none of
the
above
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
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
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
a. any payment block can be removed in payment proposal edit
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
b. once
the parameters have been specified,
the print program is scheduled to generate print media
13. every run of the payment
program is identified
by two fields a. run date
b. identification
14. Which
of the following
statements are true
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
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
b. check lots are used only for automatic payments
18. all company codes in
payment run parameters must be in
same
country a) true b) false
19. a payment method can only be used if it is entered in the account master record
a) true b)
false
20.the payment proposal can be edited, deleted and recreated as often as desired a)true b)false
21. exception
list
is a part of payment proposal a) true b)
false
22. SAP cannot automate
the payment method entry into the vendor invoice screen
a)true b)false
23. partial payment creates another entry without any link
to the original
entry a)true b) false
24. it is not possible to use two check series for making payment a) true
b)
false
25. it is not possible to void unused checks a) true b) false
26. reversal of void check is
a standard functionality in SAP a) true b) false
27. it is not possible to show the check with a value range by
a user a) true b)
false
28. payment to anybody by passing a G/L
entry
without AP/AR is a standard functionality of SAP a) true b) false
29. we cannot create manual checks for payment to business partners and update in the system a) true b)
false
30. bank statement
entry into SAP does the auto clearing a) true b) false
31. through bank statement entry,
we
can make entries like bank debits for
bank charges, commission, etc. which will make a direct posting into G/L
a) true b) false
32. payment to vendor of a specific
bill cannot be blocked in SAP a) true b) false
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
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
b. the dunning level 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 a. we
can edit proposal
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
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 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
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 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 b. the dunning level 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
the next dunning letter
e. the dunning procedure in the customer master record for
the next dunning run
Correspondence
1.it is possible to get the report of customers created by
user in a company code a)true b)false
Interest calculation
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
a. enter
it in the directory
of financial statement version b. define
hierarchy levels and assign accounts
2. a financial
statement version
consists of maximum nine hierarchy levels a) true b)
false
3. we cannot assign account group according to balance
a) true b) false
4. drill
down report
is a tool that enables to analyze sub ledger transaction
figures only a) true b) false
5. individual
value adjustment for
doubtful receivables are possible through a. special G/L transactions
b. normal transactions
c. both of the above
6. to set up the financial
statement version in your company, maximum
limit is 9 a)
true b) false
7. it is a real problem in SAP – in financial statement version –
we are not able to find the G/L accounts which are not assigned a) true b) false
8. MIS reports based on
financial books like ratios can be done through financial statement version a) true b) false
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
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
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)
c. both of the above
2. when we are valuating open items, without update for reversal
of the adjustment- posting after key date, user can define another posting date in place of key date + 1
a) true b) false
3. when we have regrouped the receivables/vendors, system carries out adjustment
postings a) true b) false
4. allocating costs to FI through external settlement –
the
G/L is updated on
line /
real time a) true b)
false
5. depreciation
posting can be executed a. through batch input session
b. direct FI postings
c. any one of the above
6. physical
inventory is an MM/PP module transaction and hence no accounting entry is passed in G/L but real stock is
adjusted in
MM/PP a) true b) false
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
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
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
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
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
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
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
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
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.
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.
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
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
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)
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.
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
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.
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.
b. Fiscal year variant. c. Field status variant.
d. Closing period variant.
53. Where are the posting period defined. (Single)
a. Posting
period variant. b. Fiscal year variant.
c. Field status 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
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.
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.
No comments:
Post a Comment