FICO Interview Questions

ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTING
FI PAPER: 1
1. The
a.
b.
c.
d.
length of G/L account number should be mentioned in

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

a. if we have added the company code segment to chart of account segment
b. if we have created both company code segment and chart of account
segment centrally
c. if we have created chart of account
d. if we have copied the chart of account segment from other company code
3. If we are using the same chart of account in more than one company code
a. the company code segments are same in all company codes
b. the account name and account number is the same in all company codes
c. the currency in company code segment in all company codes is the same
d. the group account number is different in all company codes
4. The
a.
b.
c.
d.
appearance of the company code segment of a G/L account is based on

account group entered in the chart of account segment
group account number entered in chart of account segment
assignment of group chart of account in chart of account
none of the above
5. The
a.
b.
c.
d.
appearance of an account master data is based on

account number
field status
chart of account
none of the above
6. Creation of duplicate accounts in A/P can be prevented by using

a. the match code before creating the new account
b. sensitive dual control
c. switching on automatic duplication check
d. none of the above
7. Which of the following statements are true, when you are considering the major
controls of document types
a. the account types allowed for postings
b. the field status of head text and reference number
c. posting keys
8. Which of the following statements are true
a. posting keys are defined at client level
b. account types allow line item postings based on the posting key
c. field status definition suppressed and required cannot be combined
d. field status groups are examples of variant principle
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FI PAPER: 1
9. Which of the following are true if we are using the same posting period variant for
several company codes
a. opening and closing of periods to be done for each company code
b. we cannot use the same posting period variant for several company codes
c. we can maintain different special periods for each company code
a. we can open two period ranges during the time of closing process
b. based on the document date entry, system will determine the posting period
and fiscal year
c. if you display the balances of an account, the transaction figures for the
posting periods are displayed
11. By mentioning the base line date, cash discount periods, and cash discount
percentage rate in payment terms, system will calculate
a. due date of the invoice and cash discount
b. due date only
c. cash discount only
12. Using the account clearing function, choose and match those existing open items
from an account that balance to zero. The system marks them as cleared and creates
a clearing document. The clearing document number and the clearing date is entered
in the cleared open items. The clearing date can be the current date or a date that
the user determines.
State whether this statement is true or false
a. we cannot have separate cash journal for each currency
b. special general ledger indicators use the subsidiary ledger master records but
are connected to the general ledger via alternative reconciliation accounts
c. a down payment request is a noted item. It does not change any account
balances. You can dun and pay automatically on the basis of down payment
requests
14. The specifications for permitted payment differences can be found in both types
of tolerance groups. They control the automatic posting of cash discount adjustments
and unauthorized deductions.
15. All reconciliation accounts and all general ledger accounts with open item
transactions in foreign currency must be assigned to the revenue/expense accounts
for realized losses and gains.
16. R/3 system contains
a. data base server only
b. application server only
c. presentation server only
d. all of the above
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FI PAPER: 1
17. All
a.
b.
c.
data and programs are contained in

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

a. attributes
b. methods
c. attributes and methods
19. Maximum number of sessions a user can open when he logs on to SAP
a. one
b. three
c. five
d. six
20. Fiscal year can be
a. year dependent
b. year independent
c. both year dependent and year independent
21. Fiscal year which is a calendar year can have
a. 12 normal periods
b. less than 12 normal periods
c. more than 12 normal periods
22. Shortened fiscal year can have
a. 12 periods
b. more than 12 periods
c. less than 12 periods
d. should have less than 12 periods
23. Company code can have
a. one local currency only
b. two local currencies
c. any no. of local currencies
24. Postings in a company code are done in G/L account of
a. consolidation chart of accounts
b. operative chart of accounts
c. country chart of accounts
d. all of the above
25. Retained earnings account is
a. specific to company code
b. specific to client
c. specific to chart of accounts
26. Which of the following statements is true
a. company can use indirect exchange rate only
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FI PAPER: 1
b. company use direct exchange rate only
c. company can use both direct and indirect exchange rates
27. State which of the following is true in relation to SAP features
a. business areas are company code specific
b. business areas are assigned to company codes
c. business areas are used for reporting across company codes
28. Posting in a G/L account is controlled by
a. account group of the G/L account
b. field status group in the chart of accounts segment
c. field status group in the company code segment
d. all of the above
29. Which of the following is true
a. company code can have one retained earnings account only
b. company code can have more than one retained earnings account
c. chart of accounts can have more than one retained earnings account
d. chart of accounts can have one retained earnings account only
e. none of the above
30. Which of the following is true
a. account group controls the document field status
b. account group controls the number range of G/L accounts
c. account group controls the master record field status
d. all of the above
31. Which of the following are correct with respect to your G/L account house bank
name
a. the g/l account house bank name shall be the same as in the bank directory
b. the g/l account house bank name need not be the same as the banks name in
the bank directory
c. the g/l account house bank name is user-definable
d. the g/l account house bank name is defined at the chart of account level
e. the g/l account house bank name is modifiable at the company code segment
of the chart of accounts
32. Your house bank number cannot be set to be defaulted from house bank key
33. The G/L account for a bank is linked to
a. a house bank
b. many house banks
c. one house bank p0lus one account id
d. one house bank plus multiple account ids in the same bank
e. many house banks and many account ids
34. One bank account is mapped in SAP to
a. account id
b. house bank
c. bank key
d. G/L account
e. Country plus bank key
KEY
1. C
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FI PAPER: 1
2. A
3. B
4. A
5. D (ACCOUNT GROUP)
6. A, C
7. A, B
8. A, C, D
9. A-F, B-F, C-F
10. A-T, B-F, C-T
11. A
12. T
13. A-F, B-T, C-T
14. T
15. T
16. D
17. A,B
18. C
19. D
20. C
21. A
22. D
23. A
24. B
25. C
26. C
27. C
28. C
29. B,C
30. C
31. A-F, B-T, C-T, D-T, E-F
32. T
33. A,C
34. A,B
Page 5

FI PAPER: 2
1. Every company code can have following combinations as chart of accounts (COA)
a. one operating COA and many group COAs
b. many operating COAs and one group and one alternate CoA
c. one operating COA and one alternate COA
d. one operating, one group and one alternate COA
2. Each G/L account code in group COA can be mapped to following no. of account
codes in operating COA
a. only one account code
b. maximum three account codes
c. many account codes
d. it cannot be mapped
3. Each account code in alternate COA can be mapped to following no. of account
codes in operating COA
a. only one account code
b. maximum three account codes
c. many account codes
d. it cannot be mapped
4. Various account groups in one COA cannot consist of common G/L account codes.
TRUE/FALSE
5. Following fields form part of the chart of account segment of a general ledger
account master
a. account currency
b. account group
c. field status group
d. option to state whether it is a balance sheet or profit and loss type account
6. Each account code in a chart of accounts is automatically available for use to all
company codes using that chart of account TRUE/FALSE
7. Which of the following statements are always true
a. one document type can have more than one no. range interval
b. different no. range codes can have same no. range intervals in respect of
documents
c. more than one document type can have same no. range intervals
d. document no. ranges are defined at client level
8. Which of the
a. account
b. account
c. account
d. account
following statements are false

groups are defined at client level
groups are defined for a company code
groups are defined at COA level
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
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FI PAPER: 2
a. one customer can have different customer codes in various company codes
b. one customer can have different reconciliation accounts in various company
codes
c. various company codes can have different payment terms with one customer
d. chart of account segment is mandatory while entering a customer master
a. for creation of vendor master, account group is not required
b. a vendor master cannot be created in the absence of a company code
12. Customer master has following segments
a. chart of account segment
b. general data segment
c. purchase organization segment
d. accounting data segment
e. sales organization data segment
13. A document is uniquely identified by
a. document no.
b. company code
c. fiscal year
d. document date
e. period
a and e;
a and b;
a, b and c;
a,d,e; a,b,e
14. Which of the following statements are correct

a. document nos. can be alphanumeric
b. Field status for a transaction entry is transaction dependent and account
dependent
c. Document type controls posting key, field status group, and gl accounts that
can be used in the document
d. Document types are specific to a company code
15. The relationship between house bank and account id is the following
a. one to one
b. one to many
c. many to one
d. many to many
e. no relationship
16. Business area once defined is available for use to
a. all company codes in the client
b. all company codes in all the clients
c. only to the company codes to which the business area is assigned to
d. all company codes assigned to the company to which the business area is
assigned
17. If a general ledger account is defined using a sample account, following data is
referenced from the sample account
a. the control data in COA segment
b. only company code segment data
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FI PAPER: 2
c. only account control and account management data in company code
segment
d. entire master data
18. While creating a sample account, following information may be entered
a. only company code segment data
b. only COA segment data
c. both COA segment and company code segment data
d. only account control and account management data from company code
segment
e. only control data of COA segment
19. A G/L account can be blocked for the following purposes
a. from creating in company codes
b. from posting in all company codes
c. from posting in selected company codes
d. cannot be blocked at all
e. if blocked, is blocked for all the purposes in all the company codes
20. A different field status can be achieved for different actions such as creation of
account or change in master record, etc. TRUE/FALSE
21. Customer and vendors are defined in SAP at following level
a. at company code level
b. at client level
c. at controlling area level
d. at company level
22. Which of the following is true in terms of vendor and customer master
a. various account groups can have same no. range
b. one no. range can be allotted only to one account group
c. one account group can have only one no. range
d. one account group can have either external or internal numbering system
e. one account group can have one internal and one external numbering system
23. A customer account can be blocked for the following purposes
a. from creating in company codes
b. from posting in all company codes
c. from posting in selected company codes
d. cannot be blocked at all
e. if blocked, is blocked for all the purposes in all the company codes
24. Changes in customer or vendor master are tracked and can be seen in SAP.
TRUE/FALSE
Page 8

FI PAPER: 2
KEY
1. C,D
2. C
3. A
4. T
5. B,D
6. T
7. A-F,B-F,C-T,D-F
8. A-F,B-F,C-T,D-F
9. A-F,B-F,C-T,D-F
10. A-F,B-T,C-T,D-F
11. A-F,B-T
12. B,E
13. C
14. A-T,B-T,C-F,D-F
15. A,B
16. A
17. B
18. C
19. A,B,C
20. T
21. B
22. A,C,D
23. B,C
24. T
Page 9

FI PAPER: 3
1. Which of the statements on document principles are correct?

a. each business event creates an accounting document in R/3
b. a business event might trigger more than one document in R/3
c. R/3 will link related documents in the system
2. In the payment process, automatic options to the users are
a. select open invoice to the paid or collected, and post payment documents
b. post payment documents and print payment media
c. select open invoices to be paid or collected, post payment documents and
print payment media
3. Which of the following are true
a. any payment block can be removed in payment proposal edit
b. only line item payment block can be removed during the payment proposal
c. items that cannot be paid are deleted in the exception list
4. Which of the statements on payment program are correct
a. there are four steps in payment process: parameters, proposal program run,
print
b. once the parameters have been specified, the print program is scheduled to
generate the print
5. Every run of the payment program is identified by two fields run date and
identification. TRUE/FALSE
a. the run date is recommended to be the actual date when the program is
executed
b. the field identification is used to run print program
a. the G/L account name for house bank must match the names given to the
house bank in the bank directory
b. the G/L account names for house banks are user-definable
c. the G/L account names for house banks could be the bank name and account
number
d. the G/L account names for house banks are defined in bank directory
e. at company code level, G/L account names for house banks can be different
from those in chart of accounts
8. Which of the following statements are true in respect of payment program
configuration in all company codes areas
a. sending company code and paying company codes are same always
b. by specifying the vendor/customer, special G/L transaction to be paid, we can
process specified special G/L transactions only
c. by activating payment method supplements, we can print and sort payments
9. Which of the statements are true in respect to configuration of payment program,
bank determination area
a. without ranking order, system will not process the payments
b. bank payment methods combination is must to define ranking order
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FI PAPER: 3
c. without maintaining the value date in bank selection, system will not process
the payments
10. If we are using check management, which of the statements is true
a. define check lots in order to print checks
b. check lots are used only for automatic payments
11. Say true or false
a. all company codes in the payment run parameters must be in the same
country
b. a payment method can only be used if it is entered in the account master
record
c. the payment proposal can only be edited, deleted and recreated as often as
desired
d. the exception list is a part of the payment proposal
12. Which of the statements are true when running the dunning program
a. we can edit proposal
b. we cannot delete the proposal
c. we can recreate the proposal until the dunning clerk is satisfied with the result
d. after completing the dunning proposal list, dunning data is updated in the
master records of respective customer/ vendor
a. one time accounts cannot be dunned
b. we can assign two dunning procedures to customer master records
c. dunning procedure can process only standard transactions
d. interest can be posted at the time of dunning run
14. The maximum dunning levels can be defined in dunning procedure are
a. four
b. six
c. nine
15. An item whose days in arrears are smaller or identical to the grace periods,
dunning program will consider for the dunning notice. TRUE/FALSE
16. What information does a dunning run change?
a. the date of the last dunning run in the customer master record
b. the dunning level in the customer master record
c. the dunning level in documents for which dunning notices are created
d. form (lay out set) specifications in the customer master record for the text in
the next dunning letter
e. the dunning procedure in the customer master record for the next dunning run
17. Which of the statements are true
a. we can calculate interest on G/L account under interest on arrears method
b. each interest id must be assigned an interest calculation type
c. R/3 uses same interest calculation indicator for each combination of interest
variables, such as calculation frequency, calendar types, currency
18. Two steps to define financial statement versions are
a. enter it in the directory of financial statement version
b. define hierarchy levels and assign accounts
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FI PAPER: 3

a. we can not specify per dunning level that interest is to be calculated
b. we cannot print a dunning notice in a legal dunning procedure, although no
further account movements have occurred
c. we can set a minimum amount for dunning charges on each dunning level
a. a financial statement version consists of maximum 9 hierarchy levels
b. we cannot assign account group according to balance
c. drill down reporting is a tool that enables to analyze sub-ledger transaction
amount
21. Individual value adjustment for doubtful receivables are possible
a. through special G/L transaction
b. through normal transaction
c. both of the above
22. Foreign currency valuation is possible
a. only for vendor/customer open items
b. only balance sheet items (G/L items)
a. when we are valuating open items without update for reversal of the
adjustment posting after key date, key user can define another posting date in
place of keydate + 1
b. when we have regrouped the receivables/vendors, system carries out
adjustment postings
c. allocating costs to financial accounting through external settlement, the G/L is
updated online/real time
24. Depreciation postings can be executed
a. through background processing (batch input session)
b. direct FI postings
c. any one of the above
25. We cannot select individual business transactions for locking from a lsit of all the
actual and plan business transactions. TRUE/FALSE
Page 12

FI PAPER: 3
KEY
1. A-F, B-T, C-T
2. C
3. A-F, B-F, C-T
4. A
5. T
6. A-T, B-F
7. A-F, B-T, C-T, D-F, E-F
8. A-F, B-T, C-T
9. A-T, B-T, C-F
10. A-T, B-F
11. A-T, B-F, C-T, D-T
12. A-T, B-F, C-T, D-F
13. A-F, B-F, C-F, D-F
14. C
15. F
16. A,B,C
17. A-F, B-T, C-F
18. A
19. A-F, B-F, C-T
20. A-F, B-F, C-F
21. A
22. C
23. A-T, B-T, C-T
24. C
25. F
Page 13

PAPER: 4
1. Account groups are used to control the following properties

a. field status of transaction fields
b. field status of master fields
c. field status of master fields and number range
d. field status of master fields, number range and whether accounts are p&L ot
B/S
2. You
a.
b.
c.
d.
can post transactions to an account in any currency only if

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

Multiple retained earnings accounts, automatically
Single retained earnings account, automatically
Multiple retained earnings accounts, through period end processing
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
a.
b.
c.
d.
can display account balances of several related accounts through

account groups
sort key
worklists
totals variant
Page 14

PAPER: 4
8. You
a.
b.
c.
d.
run BA/PC adjustments for

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

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

a. sample document
b. account assignment models
c. worklists
d. recurring documents
11. Posting keys are used to decide
a. dr/cr indicator, field status of transaction screen, account types
b. dr/cr indicator, account types
c. dr/cr indicator, field status of transaction screen, account types, special G/L
applicability
d. dr/cr indicator, field status of transaction screen
12. How many parallel currencies are possible and at what level they are assigned?
a. 2 local currencies, chart of account
b. 3 local currencies, chart of account
c. 2 local currencies, company code
d. 3 local currencies, company code
13. Cross company code transactions are carried out between company codes 0001
and 0002 in the year 1999. The accounting document created for 0001 is
9800005210 and that for 0002 is 9800004236. This is created from company code
0001. The cross company code number generated is
a. 000198000052100001
b. 980000423600020001
c. 9800005210000199
d. 9800004236000299
14. When you reverse a posted document, the document number must be
a. internal
b. external
c. internal or external
d. manually assigned
15. Financial statements can be generated in
a. local currency
b. document currency
c. controlling area currency
d. any currency for which customization is maintained
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PAPER: 4
16. The views maintained for vendor master data are
a. general data, company code data
b. general data, company code data, purchasing data
c. general data, company code data, business area data
d. general data, company code data, business area data, plant data
17. Group key assigned to vendor master records control the following
a. it is a combination of up to three fields based on which open invoices are
selected for automatic payment
b. basis for grouping several vendors for balance display
c. basis for classifying vendors for standard reporting
d. it is a combination of up to three fields based on which open invoices are
selected for manual payment
18. Posting through a special ledger indicator affects
a. the main reconciliation account of the vendor or customer
b. the alternative reconciliation account mapped to the main reconciliation
account of the vendor/customer
c. the alternative reconciliation account and the main reconciliation account of
the vendor/customer
d. offsetting entry to the main reconciliation account of the vendor/customer
19. Check management with relation to outgoing payments is possible for open items
for
a. vendors
b. vendors and customers
c. vendors, customers and G/L accounts
d. vendors and G/L accounts
20. If you do not want to enter a document with provision for updating the ledger on
approval from authorized officials, you use the following functionality
a. parked document
b. sample document
c. account assignment model
d. recurring document
21. Accounting for down payment request involves
a. statistical items
b. parked items
c. noted items
d. regular items
22. Business area is determined for accounting documents generated automatically
from logistics modules are on the basis of
a. plant-division combination
b. plant-division-distribution channel combination
c. plant-sales area combination
d. plant-division combination and sales area
23. When you carry out regrouping through AR or AP, the following activities are
performed
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PAPER: 4
a.
b.
c.
d.
reclassify where debtors have credit balance and vice versa

reclassify open items by remaining life
reclassify by changed reconciliation accounts
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
a.
b.
c.
d.
SAP, a bill of exchange receivable items is cleared during

discounting the bill
transfer posting with clearing
reversal of contingent liability
clearing against outstanding advances from the customers
27. In
a.
b.
c.
d.
which of the following processes do the original invoices remain as open items
residual payment
partial payment
charge off difference
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
Page 17

PAPER: 4
31. When several organizational units carry out dunning within a single company
code, the SAP entity used to distinguish and control the process is called
a. dunning procedure
b. dunning key
c. dunning clerk
d. dunning area
32. If you do not want to dun a vendor beyond a particular level
a. use dunning key to limit the maximum level
b. use dunning block on the vendor master
c. use dunning clerk to block dunning
d. use dunning block on the dunning procedure
33. If you want to chose a different set of fields in a vendor account line item display,
you choose a different
a. sort variant
b. totals variant
c. line layout
d. additional fields
Page 18

PAPER: 4
KEY
1. C
2. B
3. C
4. B
5. A
6. D
7. C
8. A
9. B
10. B
11. C
12. D
13. C
14. A
15. D
16. B
17. A
18. B
19. B
20. A
21. C
22. D
23. D
24. D
25. A
26. C
27. B
28. B
29. D
30. B
31. D
32. A
33. C
Page 19

FI PAPER: 5
Please read the questions carefully. More than one choice could be correct in some
questions. Specific hints have not been given. Please tick mark the correct choices.
Mark T of F for true or false choices respectively.
1. Which of the following statements are correct with respect to business area
a. one business area can be used for many company codes
b. business areas must be assigned to company code in the IMG
c. they are used for internal P&L and balance sheets
d. a company code can have many business areas
a. a plant is assigned to only one company code
b. a company code must be assigned to one chart of accounts only
c. a chart of accounts can be assigned to multiple company codes
d. a plant can be assigned to many company codes
3. What are true with respect to business area
a. a company code can have many6. business areas
b. a business area can be across company codes
c. use of business area is not optional in R/3 system
d. balance sheets and profit and loss statements can be drawn up for business
areas
4. Which of the following statements may be false with respect to a business area
a. the use of business area is optional
b. a company code can have many business areas
c. business area balance sheet will always balance
5. The
a.
b.
c.
d.
e.
standard delivery clients in a R/3 system are

client 000, 001 and 002
testing client 777 and training client 999
client 001, 000,002 and training client 999
client 000 and 001
client 001, 000 , testing client 777 and training 999
6. What are all the possible meanings of the word client that have been used
a. a customer implementing R/3 system
b. an individual PC in which batch inputs are done for uploading to SAP at a later
date
c. the highest technical entity in R/3
d. the data server
e. the front end presentation PC which interacts with SAP system
7. The three tier in R/3 system is represented by
a. client, customer and application
b. data, user and application
c. user, data base, programs
d. presentation client, R/3 application and data base
e. application, data base and customer of R/3
8. The entity in R/3 to provide financial statements and results at the lowest level is
a. company
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FI PAPER: 5
b.
c.
d.
e.
company code
controlling area
plant
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
a. a sales organization can be assigned to only one company code
b. a company can have many company codes
c. a company must be linked to a controlling area
d. a company code must always be assigned to a company
e. an operating concern can indirectly contain only one company code
11. Which of the following entities are optional to implement the core financial
module of R/3
a. operating concern
b. controlling area
c. business area
d. plant
e. company code
12. The menu hierarchy in standard R/3 system is
a. main menu, application menu and task menu
b. main menu, sub menu, task menu and help menu
c. system menu, application menu and help menu
d. main menu, application menu and help menu
e. client menu, application menu and user menu
13. For a user with two user ids to the same SAP R/3 client, the maximum no. of
sessions that could be open are
a. six
b. nine
c. twelve
d. eighteen
e. twenty four
14. The order of fields as they appear during the log on to an R/3 system is
a. client, user id, password
b. language, client id, password
c. client, user id, password, language
d. user id, client, password, language
15. Which of the following is not seen by the user normally in the status bar of the
SAP screen
a. client number/id
b. session number
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FI PAPER: 5
c. data server name/id
d. user id/name
e. information, error, and warming messages
16. A user has multiple sessions open and when open of the session is closed by the
user
a. the system does not automatically save the data/information of the session
being closed
b. system always prompts for saving the data in the session being closed
c. system always automatically saves the data/information of the session being
closed without prompting
d. system prompts for saving the dta of the session being closed at the time of
user log-off from the system
17. Which of the following entities cannot be directly assigned to a company code
a. company
b. business area
c. controlling area
d. functional area
e. financial management area
18. ABAP stands for
a. advances in business applications programming
b. applications in business and advanced program
c. advanced business applications programming
d. advanced business for advanced program
e. advantage in business applications programming
19. The configuration of the R/3 is done through
a. the implementation guide
b. the implementation assistant
c. business navigator
d. business engineer
e. sessions manager
20. The ASAP CD contains
a. the implementation guide
b. implementation assistant
c. concept check tool
d. business navigator
e. Q&A Db
21. Which of the following statements are true regarding ASAP project preparation
phase
a. the business blueprint document must be prepared
b. enterprise scope area document must e prepared for initial project planning
c. project plan must be prepared
d. the project kick off meeting is very essential to involve all the key users and
project team members to communicate the objectives and mission of the
project
e. technical requirements planning must be taken up
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FI PAPER: 5
22. Which of the following are true with respect business blueprint phase
a. when customer inputs are updated on the Q&A db, there is a direct automatic
updation of the IMG for the business processes/components in scope to be
customized
b. when the business processes are identified and updated in the system, a list
of activities to be taken up in IMG for customization is generated
c. the standard reference model of R/3 system cannot be directly accessed from
the Q&A db
d. business blueprint document shall be generated
23. Which of the following statements re true with respect to testing and quality
reviews as recommended by SAP
a. he volume and stress test must be conducted on the same system in which
user training is done
b. testing a tool which avoids retrospective changes and acts as an early warning
system to correct the customization of business processes
c. the power (key) users shall not be involved in the testing process as it would
hinder timely completion of the activity
d. there must be quality control of the first four stages before the go-live phase
e. external consultants must always carry out quality control
24. What are the three data types in SAP
a. master data, transaction data, and balance data
b. master data, table data, and user data
c. master data, table data, and transaction data
d. table data, user data and transaction data
e. master data, table data and server data
25. Various company codes access a controlling area should have
a. same currency
b. same fiscal year variant
c. same chart of accounts
d. same controlling organization structure
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FI PAPER: 5
KEY
1. A-T, B-F, C-T, D-T
2. A-T, B-F, C-T, D-T
3. A-T, B-T, C-F, D-T
4. A-F, B-F, C-F, D-F
5. A-F, B-F, C-F, D-T, E-F
6. A-F, B-F, C-T, D-F, E-F
7. A-F, B-F, C-F, D-T, E-F
8. B
9. B
10. B
11. C,D
12. A
13. C
14. C
15. .
16. A
17. B,D
18. C
19. A
20. B,C,E
21. B,C,D,E
22. B,D
23. B,C,D
24. C
25. C
Page 24

FI PAPER: 6
TRUE/FALSE in SAP R/3

1.
2.
3.
4.
While parking a document, a temporary document number is created

When we cancel/delete the parked document, another number is created
Number range in FI are at company code level strictly and year dependant
Which of the following are correct: a) resetting of cleared items creates more
entries in the system; b) resetting of cleared items reinstates the original
entries and clears the clearing entry; c) resetting of cleared entries will not do
anything; d) for reversal of check payment document with clearing, resetting
is a must
5. We cannot create G/L account only for chart of accounts, implying there is no
company code data.
6. GR/IR clearing has to be done only manually
7. SAP can pay only to vendors
8. Payment advice is a note of approval and cannot be used in payment of
vendors
9. Credit management in SAP always refers to one customer, and has got no
separate master data of amount limits
10. Creating of bank master is always at a country level
11. If the address of a company code needs to be changed, then, a) one needs to
go to enterprise structure and at definitions, change the address; b) one has
to go financial accounting global settings, and change the address; c) one
needs to go to financial accounting company code global parameters, and
change the address
12. Is it possible to book a vendor invoice 30% due in 30 days, 50% due in 15
days and 20% after a year?
13. Customer wants some standard texts to be maintained and noted which will
be selected b y the users while entering G/L line items. Is it possible to give
this option in SAP?
14. Customer wants a warning message to be given to all users, when they post
to previous year at the year-end. Is it possible?
15. In India, a Gujarat surcharge is passed at central level and is customized. But
the condition was that it is valid only up to 31-3-2002. Is it possible to
customize this?
16. As per customer requirements, different document types were created. Now
he wants to get it automated while doing transactions like invoice and credit
memo for vendor and customer. Is it possible?
17. Bank has debited the cash credit account interest and mentioned same in the
bank statement. Can it be posted through bank reconciliation statement entry
or does it need a separate journal entry to be passed?
18. SAP first posts to G/L, and then to sub ledgers
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FI PAPER: 6
KEY
1. F
2. F
3. F
4. A-F, B-T, C-F, D-T
5. F
6. F
7. F
8. F
9. F
10. F
11. A-FC B-F, C-T
12. T
13. T
14. T
15. T
16. T
17. T
18. F
Page 26

FI PAPER: 7
1.
2.
3.
4.
5.
6.
What are the three elements (servers) of R/3 system?

All the data and programs are stored in_____________ server in R/3
What is long form of BAPI?
BAPI is assigned to one and only one business object. TRUE/FALSE
What are the five milestones in ASAP methodology?
What are the new dimension products of SAP in cooperative business
scenario?
7. What are the two major elements of mySAP.com?
8. To delete the current session, _______________ command is used
9. You can find transaction code for the function you are working in under
________ option of __________ menu
10. ________ key is used for help on fields, menus, functions, messages
11. User specific settings are done in ____________ option of ___________ menu
12. Highest level element of all organizational units is the _________
13. _______________ area is business unit where cost accounting is carried out in
SAP
14. Business areas are company code dependent. TRUE/FALSE
15. Company code is ____ character __________
16. One chart of account cannot be assigned to more than one company code.
TRUE/FALSE
17. Fiscal year variant can be of two types. Name them
18. In case of non-calendar fiscal year, annual displacement indicator is used.
TRUE/FALSE
19. ___________ & ________ are two segments of a chart of account
20. In case of G/L account, number ranges are attached to G/L account.
TRUE/FALSE
21. _________ chart of accounts is used for consolidation
22. Vendor account is defined at _________ level
23. More than one plants can be attached to a single company code. TRUE/FALSE
24. Purchasing is done by ____________ organization for a ___________
25. What are the three steps for standard procedure for posting procurement
transactions in FI?
26. _____________ is central organizational structure in profitability analysis
27. One company code may contain several sales organizations. TRUE/FALSE
28. Receivables and revenues are posted when ___________ document is created in
sales and distribution module
29. ____________ is the main criteria for defining an asset
30. ____________ are used to keep more than one valuation basis for depreciation
31. More than one cash journal can have the same cash account TRUE/FALSE
32. ______________________ are two elements of an SAP FI document
33. Document number range can be ____________ and __________
34. In case of ___________ number range, same document number will be taken for
new fiscal year
35. One number range can be assigned to several document types. TRUE/FALSE
36. One document type can have more than one number range. TRUE/FALSE
37. Posting keys are defined at __________level
38. A field status within an FI document is controlled by three factors. Name them.
39. Several company codes can use the same posting period variant. TRUE/FALSE
40. ___________ is the date from which the due date is derived
41. If customer invoice is created in SD, then payment terms from __________
segment will be defaulted
42. ____________ posting is one of the methods of document reversal
43. While posting a parked document, document number is changed. TRUE/FALSE
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FI PAPER: 7
44. Validations are performed before substitution. TRUE/FALSE
45. You can close a fiscal year even if you have parked documents. TRUE/FALSE
46. All R/3 applications and functions process exchange rates using ______ and
_______ quotation
47. _____________ keys contain further specifications for account assignment in tax
calculation procedure
48. Base amount is either _____ or ________ item
49. Tax code contains the ________
50. Reconciliation account type for vendor is ____ and customer is ____
51. If an account is managed with open items, then ___________ must be activated
52. In consolidation, company codes are attached to __________ and business
areas are attached to ______________
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FI PAPER: 7
KEY
1.
2.
3.
4.
5.
PRESENTATION SERVER, APPLICATION SERVER, DATABASE SERVER

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

FI PAPER: 8
1. Which of these statements on document principles are correct?

a. R/3 can assign the document numbers always
b. A business event triggers only one document within R/3
c. Each business event creates an accounting document within R/3
d. R/3 will link related documents in the system
a. select open invoices to be paid/collected, post payment document
b. post payment documents/print payment media
c. select open invoices to be paid or collected, post payment document, print
payment media
3. Which of the following are true.
b. only line item payment block is removed during the payment proposal
c. items that cannot be paid are detailed in the exception list
4. Which of these statements on payment program are correct
a. there are four steps in payment process, viz., parameters, proposal, program,
print
generate payment media
5. Every run of the payment program is identified by two fields
a. run date
b. identification
a. The run date is recommended to be the actual date when the program is
executed
b. The field identification is used to run print program
a. the G/L account name for house banks must match the names given to the
b. the G/L account names for house banks are user definable
c. the G/L account names for house banks could be the bank name and account
number
d. the G/L account names for house banks are defined in bank directory
from those in chart of account
8. Which of the following statements are true in respect to payment program
configuration in all codes area
a. sending company code and paying company code are same always
b. by specifying the vendor/customer special G/L transaction to be paid, we can
process specified special G/L transaction only
c. by activating payment method supplement, we can print and sort payments
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FI PAPER: 8
9. Which of the statements are true in respect to configuration of payment program
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
a. define check lots in order to print checks
11. True/false
a. all company codes in the payment run parameters must be in the same
country
b. a payment method can only be used if it is entered in the account master
record
c. the payment proposal can only be edited, deleted and recreated as often as
desired
d. the exception list is a part of the payment proposal
12. When running the dunning program
b. we cannot delete the proposal
c. we can recreate the proposal until the dunning clerk is satisfied with the result
d. after completing the dunning proposal list, dunning data is updated in master
records
c. dunning procedure can process only standard transactions
d. interest can be posted at the time of dunning
14. The maximum dunning level can be defined in the dunning procedure is
a. four
b. six
c. nine
a. we cannot specify per dunning level that interest is to be calculated
c. we can set a minimum amount for the dunning charges on each dunning level
a. the date of the last dunning run in the customer master record
c. the dunning level in documents for which dunning notices are created
d. from (layout set) specifications in the customer master record for the text in
Page 32

FI PAPER: 8
18. Which of these statements are true

a. we can calculate interest on G/L accounts under interest on arrears method
b. each interest id must be assigned on interest calculation type
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
a. through special G/L transactions
b. through normal transactions
a. only vendor/customer open items
b. only balance sheet items
a. when we are valuating open items without update for reversal of the
adjustment posting after key date, user can define another posting date in
place of key date +1
b. when we have regrouped the receivables/vendors, system carries out
adjustment postings
c. allocating costs to financial accounting through external settlement, the G/L is
updated online/realtime
24. Depreciation posting can be executed
a. through batch input session
25. To set up the financial statement version in your company, maximum limit is 9.
TRUE/FALSE
Page 33

FI PAPER: 8
KEY
1. A-T, B-F, C-F, D-T
2. A-T, B-T, C-T
3. A-T, B-T, C-T
4. A-T, B-F
5. A-T, B-T
6. A-T, B-F
7. A-F, B-T, C-T, D-F, E-F
8. A-F, B-T, C-T
9. A-F, B-T, C-F
10. A-T, B-F
11. A-T, B-F, C-T, D-T
12. A-T, B-F, C-T, D-F
13. A-F, B-F, C-F, D-F
14. A-F, B-F, C-T
15. FALSE
16. A-F, B-F, C-T
17. A-T, B-T, C-T, D-F, E-F
18. A-F, B-T
19. A-T, B-T
20. A-F, B-T, C-F
21. A-T, B-F, C-F
22. A-T, B-T, C-T
23. A-T, B-T, C-T
24. A-T, B-T, C-T
25. FALSE
Page 34

FI PAPER: 9
TRUE/FALSE
1. G/L master record is always for all company codes in the system
2. currency is a required field entry while creating G/L master
3. we cannot control the postings to the G/L by way of tax codes entry for a G/L
account
4. tax codes are created and operated at country level
5. tax codes are created at company code level
6. tax codes are time dependant
7. jurisdiction codes are not used at all while creating tax codes
8. in AP and AR, account group cannot be created with external number ange
9. reconciliation account definitions are available in general data of vendor
master
10. reconciliation account definitions are available in payment data of general
data in customer master
11. payment terms are company code dependent
12. it is not possible to calculate the due date on fixed dates like end of month
with days calculation
13. SAP cannot automate the payment method entry into the vendor invoice entry
screen
14. all special G/L transactions are posted to G/L accounts
15. it is possible to get the report of customers created by a user in a company
code
16. clearing does not create any document
17. payment cannot be made by adjusting a special G/L transaction which is
posted in G/L
18. partial payment creates another entry without any link to the original entry
19. down payment creates another entry without any link to the original entry
20. residual payment creates another entry keeping all entries open
21. it is not possible to use two check series for making payment
22. it is not possible to void unused checks
23. reversal of voided checks is a standard functionality of SAP
24. it is not possible to show the checks with a value range and issued by a user
25. it is not possible to create a due date for a down payment
26. SAP does not allow bill of exchange accounting
27. payment request clears the entries in AP and AR
28. posting key is linked to field status in FI posting
29. payment to anybody by passing a G/L entry without AP/AR is a standard
functionality of SAP
30. we cannot create manual checks for payment to business partners and update
in the system
31. bank statement entry into the SAP does the automatic clearing
32. through bank statement entry, we can enter the entries like bank debits for
bank charges, commission, etc. which will make a direct posting into the G/L
33. chart of accounts view of G/L account keeps the data like general data in
customer account common data
34. whenever an FI entry is made, we want document header text to be a
mandatory entry. Customizing is available in G/L master and field status
groups
35. it is not possible to see document currency and company code currency at the
same time during document display option
36. document date, posting date, value date, base line date, system date and due
date in the entry screen of customer/vendor invoice are the same
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FI PAPER: 9
37. it is possible to define the standard translation method of foreign currency in
the posting key
38. system allows you to enter the date interval from and to- in case of foreign
currency translation rates
39. it is user definition whether SAP will control the open item selection
40. it is a real problem in SAP-in financial statement version we are not able to
find the G/L accounts which are not assigned
41. MIS reports based on financial books like ratios can be done through financial
statement version
42. all FI entries will be repeated in CO module also
43. physical inventory is a MM/PP module transaction and hence no accounting
entry is passed in G/L but real stock is adjusted in MM/PP
44. payment to vendor of a specific bill cannot be blocked in SAP
45. customer makes multiple checks for one invoice, and hands it over to the
company which is running with SAP with all modules. It is not possible to enter
in SAP by keeping all the check details and updating against one invoice
Page 36

FI PAPER: 9
KEY
1. F
2. T
3. F
4. T
5. F
6. T
7. F
8. F
9. F
10. F
11. F
12. F
13. F
14. T
15. T
16. F
17. F
18. T
19. T
20. F
21. F
22. F
23. T
24. F
25. F
26. F
27. F
28. T
29. F
30. F
31. T
32. T
33. F
34. F
35. F
36. F
37. F
38. F
39. T
40. F
41. F
42. F
43. F
44. F
45. F
Page 37

FI PAPER: 10
1. Every company code can have the following combination of Chart of Accounts
(COA)
(Y)
(N)
One operating COA and one group COA and one alternate COA
(Y)
(N)
One operating COA and no group COA and one alternate COA
(Y)
(N)
One operating COA and one group COA and no alternate COA
(Y)
(N)
One operating COA and one alternate COA
(Y)
(N)
One operating COA and one group COA
(Y)
(N)
One operating COA and many group COA
(Y)
(N)
One operating COA and no group COA and no alternate COA
2. Each G/L Account in Group COA can be mapped to the following no. of account
code
in Operating COA
(Y)
(N)
Is mapped to Operating Chart of Account
(Y)
(N)
It is not mapped to Operating G/L Account Number
(Y)
(N)
Only one Operating G/L Account Number
(Y)
(N)
The relationship is many To one
3. Various Account Groups in one COA cannot consist of common G/L Account Codes.
(Y)
(N)
4. Following fields form a part of COA segment of a general ledger account master
(Y)
(N)
Currency of the G/L Account
(Y)
(N)
Account Group of the Sub Ledger
(Y)
(N)
Field Status Group of the G/L Account
(Y)
(N)
Option to state whether it is a B/S or P&L Account Type
(Y)
(N)
G/L Account Name & Description
(Y)
(N)
Group Chart of Account
(Y)
(N)
House Bank of the G/L account
5. Each Account Code in a COA is automatically available for use to all company
codes
using that COA
(Y)
(N)
6. Which of the following statements are true with respect G/L Number Ranges
(Y)
(N)
G/L Number Ranges are defined at Client Level
(Y)
(N)
Number Ranges of G/L Account Groups can overlap
(Y)
(N)
To G/L accounts can have the same number as long as they belong to
different Account Groups
7. Which of the following statements are true with respect to documents
(Y)
(N)
One document type can have more than one number range interval
(Y)
(N)
Different number range codes can have the same number range
intervals
(Y)
(N)
Document No. range are defined at chart of account level
8. Which of the following statements are true with respect to Account groups
(Y)
(N)
G/L & AR/AP Account groups are defined at Client level
(Y)
(N)
G/L & AR/AP Account groups are defined at company code level
(Y)
(N)
G/L Account groups are defined at the Chart of Account level
Page 38

FI PAPER: 10
9. Which of the following statements are false with respect to reconciliation account
(Y)
(N)
One Customer account can have many normal reconciliation accounts
(Y)
(N)
Reconciliation A/C can be used for direct accounting entries
(Y)
(N)
Reconciliation A/C are G/L Accounts
10. Which of
(Y)
(N)
(Y)
(N)
(Y)
(N)
range
the following statements are true with respect to account groups

The Account Group is a required entry in the G/L COA Segment
The Account Group is a required entry in the AR General Segment
All the Account Groups of customers can have one common number
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
(Y)
(N)
(Y)
(N)
(Y)
(N)
(Y)
(N)
different
the following statement is true

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

Document Numbers can be alphanumeric
Field Status of Transaction entry is Activity dependent & Account
Document Type controls Field Status Group and G/L accounts that can
be used in the document.
Document Types are defined at the Chart of Account Level
16. The relationship between House Banks and Account ID is the following
(Y)
(N)
One to One
(Y)
(N)
One to Many
(Y)
(N)
Many to Many
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17. Business Area once defined is available for use to

(Y)
(N)
All company codes where BA Financial Statements are enabled
(Y)
(N)
Only the company code to which BA is assigned to
18. A G/L account can be blocked for the following purposes

(Y)
(N)
From creating in company code
(Y)
(N)
From posting in all company codes
(Y)
(N)
From posting in selected company codes
(Y)
(N)
Cannot be blocked
(Y)
(N)
If blocked, is blocked for all the purposes in all the company codes
19. A different field status can be achieved for different actions such as creation of
account or change in master records.
(Y)
(N)
20. Chart of Accounts is the list of G/L Account. A G/L account is ready for input if COA
is assigned to company code
(Y)
(N)
21. The field Field Status Variant in the company code segment of the G/L Master
can be suppressed
(Y)
(N)
22. Which of
externally
(Y)
(N)
(Y)
(N)
(Y)
(N)
(Y)
(N)
the following entities can be assigned numbers both internally &

G/L Account
Vendor
Customer
Document Type
23. The chart

(Y)
(N)
(Y)
(N)
(Y)
(N)
(Y)
(N)
(Y)
(N)
of account is maintained at
Group Level
Company code Level
Client Level
Country Level
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
(Y)
(N)
(Y)
(N)
(Y)
(N)
the statements are correct

A House Bank and Account ID can be linked to one bank key
A House Bank and Account ID can be linked to many bank key
Many House Banks and Many Account ID can be linked to one bankkey
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FI PAPER: 10
(Y)
(N)
A House Bank can contain many account Ids which are represented
through Individual bank account numbers
26. Filed status of the line item can be controlled through Posting Key & Filed Status
Group in G/L Account. Thus the Filed Status of Amount Posting key and Account
can be suppressed
(Y)
(N)
27. Which of
(Y)
(N)
customer
(Y)
(N)
bank key
(Y)
(N)
key
(Y)
(N)
the following is/are true

The bank key of your house bank cannot be the bank key of your
The bank key of your customer cannot be used as your house banks
The bank key of your vendors may be same as your house banks bank
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
(Y)
(N)
(Y)
(N)
(Y)
(N)
(Y)
(N)
(Y)
(N)
Account is mapped in SAP

Account ID
House Bank
Bank Key
G/L Account
Country + Bank Key
31. The G/L Account Number is controlled through

(Y)
(N)
In G/L Account group
(Y)
(N)
Chart of account
(Y)
(N)
Field Status
(Y)
(N)
None of the above
32. The G/L account becomes a complete G/L account
(Y)
(N)
If we have added the company code to the chart of account
(Y)
(N)
If we have created both company code segment and chart of account
segment
(Y)
(N)
If we have created chart of account
(Y)
(N)
If we have copied the chart of account segment from another company
code
33. If we are using the same chart of account in more than one company code
(Y)
(N)
The company code segments are same in all company codes
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FI PAPER: 10
(Y)
(N)
codes
(Y)
(N)
the same
(Y)
(N)
34.
(Y)
(Y)
(Y)
(Y)
(Y)
The account name and account number is the same in all company
The currency in the company code segment in all company codes is
The group account number & the alternate Account Number can be
different in all company codes
The appearance of the company code segment of G/L account is based on
(N)
The Account Group of Customer if its a reconciliation account
(N)
The Posting Key
(N)
Account group entered in the chart of account segment
(N)
Group account number entered in the chart of account segment
(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
(Y)
(N)
(Y)
(N)
(Y)
(N)
combined
the following statements are true

Posting Keys are defined at the client level
The account types allowed in line item posting based on posting key
The field status definition suppressed & required cannot be
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
(Y)
(N)
(Y)
(N)
(Y)
(N)
posting

We can open two period ranges during the time of closing process
Document entry date determines the posting period and fiscal year
If you display the balances of an account the transaction figures of the
period are displayed.
40. By mentioning the baseline date, cash discount periods and cash discount
percentage
rate in the payment terms system will
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FI PAPER: 10
(Y)
(Y)
(Y)
(N)
(N)
(N)
Post the due date of invoice while posting the invoice

Calculate the due date of the invoice and cash discount
Calculate Cash discount in the payment term
41. When using the account clearing function the system chooses and matches those
existing items from the account that balances to 0. The system marks them as
cleared
and creates a clearing document.
(Y)
(N)
42.Which of the following statements is true
(Y)
(N)
We cannot have a separate cash journal for each currency
(Y)
(N)
Special G/L indicators use the subsidiary ledger master records but are
connected to the general ledger via alternative reconciliation account
(Y)
(N)
A Down payment request is a noted item. It does not change any
account
balances. You can dun and pay automatically using down payment
requests
43. The specifications of permitted payment differences can be found in both types of
tolerance
groups. They control the automatic posting of cash discount adjustments and
unauthorized deductions
(Y)
(N)
44. In Document header the reference field and the document header text are
modifiable.
(Y)
(N)
45. All Reconciliation accounts and all general ledger accounts with open item
transactions
in foreign currency must be assigned to the revenue/expense accounts for realized
losses and gains(Y) (N)
46. Terms of payment are defaulted from master records when you post a document.
Terms
of Payment cannot be assigned at the time of posting the document or Entered
manually
if they are not assigned to the master record
(Y)
(N)
(Y)
(N)
Database server only
(Y)
(N)
Application server only
(Y)
(N)
Presentation server only
(Y)
(N)
None of the above
(Y)
(N)
All of the above
48. Maximum Number of sessions a users can open when he logs on to SAP
(Y)
(N)
One
(Y)
(N)
Two
(Y)
(N)
Six
(Y)
(N)
Ten
(Y)
(N)
N
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FI PAPER: 10
49. Fiscal Year can be

(Y)
(N)
Year Dependent
(Y)
(N)
Year Independent
(Y)
(N)
Year Dependent & Year Independent
50. Fiscal year which is calendar year can have
(Y)
(N)
12 Normal periods
(Y)
(N)
Less than 12 Normal periods
(Y)
(N)
More than 12 Normal periods
(Y)
(N)
User 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
(Y)
(N)
(Y)
(N)
(Y)
(N)

Company can use indirect exchange rate only
Company can use direct exchange rate only
Company can use both direct & indirect exchange rate
55. Which of
(Y)
(N)
(Y)
(N)
(Y)
(N)
(Y)
(N)
codes
(Y)
(N)

Business areas are company code specific
Business areas are assigned to assigned to company codes
Business areas are assigned to assigned to group
Business areas are activated and used for reporting across company
None of the above
56. No Terms of payment are proposed when you post a credit memo, you can default
them
from original invoice by entering the document number in the invoice reference field
else
enter V in the invoice reference field so that terms of payment entered in credit
memo are valid.
(Y)
(N)
57. Payments can be blocked in during posting, in the customer/vendor master record
or in terms of payment.
(Y)
(N)
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FI PAPER: 10
58. A block key and payment method from payment term is defaulted in the line item
when payment term is used.
(Y)
(N)
59. Posting in a G/L account is controlled by
(Y)
(N)
Account group for the G/L account
(Y)
(N)
The Activity Type for the document
(Y)
(N)
Field status group in the company code segment
(Y)
(N)
All of the above
60. Which of
(Y)
(N)
(Y)
(N)
(Y)
(N)
the following is true

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

Account group control the document field status
Account group control the number range of G/L A/c
Account group control the master record field status in AR/AP
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
(Y)
(N)
(Y)
(N)
(Y)
(N)
(Y)
(N)
(Y)
(N)
automatic clearing program is executed the base documents are

Parked & Cleared in the system
Posted and Cleared in the system
Posted and Archived in the system
Cleared in the system
None of the above
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67. You can enter terms of payment in the company code segment or sales
area/purchasing
organization segment. The payment term defaulted depend on where the invoice is
posted.
The system does not check if the two are the same.
(Y)
(N)
68. Where can the vendor master be created
(Y)
(N)
Centrally only
(Y)
(N)
In the MM module only
(Y)
(N)
In the FI module only
(Y)
(N)
Any of the above
69. A residual item posting in the vendors 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
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FI PAPER: 10
(Y)
(Y)
(Y)
(N)
(N)
(N)
G/L, Customer, Bank

Customer, G/L, Bank
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
(Y)
(N)
(Y)
(N)
(Y)
(N)
(Y)
(N)
(Y)
(N)
the organizational entities for which the P&L and B/s can be generated
Company Code & Business Area
Company Code & Profit Center
Company Code & Cost Center
Profit Center & Business Area
All the above
82. Which of
(Y)
(N)
(Y)
(N)
(Y)
(N)
(Y)
(N)

One company code can use multiple chart of accounts
One Chart of account can be used by multiple company codes
One company code can use only one chart of accounts
One chart of account can be used by only one company
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83. Which of
(Y)
(N)
(Y)
(N)
(Y)
(N)
(Y)
(N)
the following fields can be changed in the document change mode

Allocation
Posting Date
Document Date
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
(Y)
(N)
(Y)
(N)
(Y)
(N)

One document type can use only one number range
One document type can use multiple number ranges
One number range cannot be used by multiple document types
88. What is the maximum possible length of a G/L account

(Y)
(N)
6
(Y)
(N)
10
(Y)
(N)
18
(Y)
(N)
999
89. The fields available for posting in a transaction are controlled through the field
status group at
(Y)
(N)
Posting key level only
(Y)
(N)
Posting key and G/L account level
(Y)
(N)
G/L account level only
(Y)
(N)
None of the above
90. A parked document can be
(Y)
(N)
Modified
(Y)
(N)
Deleted
(Y)
(N)
Posted
(Y)
(N)
All of the above
91. When is the business area level balance sheet self-balanced
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(Y)
(Y)
(Y)
(Y)
(N)
(N)
(N)
(N)
92. Which of
(Y)
(N)
(Y)
(N)
(Y)
(N)
(Y)
(N)
Always
It cannot be balanced
When Business Area closing procedure is run
When MM/PP/SD closing is completed
Any accounting document can be reversed
Only parked documents can be reversed
Only cleared documents can be revered
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

(Y)
(N)
(Y)
(N)
(Y)
(N)
(Y)
(N)
currency of a transaction
Can be entered by the user
Is always the company code currency
Is the currency of the chart of accounts
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
(Y)
(N)
(Y)
(N)
(Y)
(N)
(Y)
(N)
key is used to sort line items by document currency amount

001
003
005
006
99. What is meant by the option open item management in the G/L account mater
record
(Y)
(N)
The items on the account are always open
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(Y)
(Y)
(Y)
(N)
(N)
(N)
The items on the account can never be cleared

The items on the account can be cleared
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 verificationVendor 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)
Cant Say
103. It is must to create company code before any transaction processing in SAP
(Y)
(N)
True
(Y)
(N)
False
(Y)
(N)
Cant Say
104. Company codes & Business Area are legal entity for which you create B/s
(Y)
(N)
True
(Y)
(N)
False
(Y)
(N)
Cant Say
105. Group is the highest level organization unit in R/3
(Y)
(N)
True
(Y)
(N)
False
(Y)
(N)
Cant Say
106. The user
(Y)
(N)
(Y)
(N)
(Y)
(N)
(Y)
(N)
specific defaults are possible if setting is done in

User profile
Company code parameters
Session managers
Terminal
107. Variant creation helps

(Y)
(N)
Calculating variance between actual & standard
(Y)
(N)
Processing repetitive transactions
(Y)
(N)
To copy repetitive field values in master creation
(Y)
(N)
To be standard selection criteria for repetitive use required to run
program
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108. Association between numbers from Group chart of account and country chart of
account can be established in
(Y)
(N)
Company code global parameters
(Y)
(N)
Master data of ledger a/c in operating chart of account
(Y)
(N)
Group company details
(Y)
(N)
Country details
109. For every transaction in SAP, system generates at least
(Y)
(N)
4 documents
(Y)
(N)
3 documents
(Y)
(N)
2 documents
(Y)
(N)
1 document
110. Document in SAP have the following sections
(Y)
(N)
Document Title & Line Items
(Y)
(N)
Document Header & Line Items
(Y)
(N)
Master Data & Transaction Data
111. Document Type is assigned to the Line Item section of document
(Y)
(N)
True
(Y)
(N)
False
(Y)
(N)
Cant Say
112. Number Range ID is assigned to account type
(Y)
(N)
Document Type
(Y)
(N)
Account type
(Y)
(N)
Document Header
(Y)
(N)
Line Item
113. Document type allows more than one account types while processing the
particular document type
(Y)
(N)
114. Following are account types
(Y)
(N)
ADMKS
(Y)
(N)
CDAMK
(Y)
(N)
SDMKT
(Y)
(N)
ADSKE
115. Document Numbers Can be
(Y)
(N)
System Generated
(Y)
(N)
User Defined
(Y)
(N)
Either System generated or User defined
(Y)
(N)
Can be created externally and internally at the same time
116. Posting key determines
(Y)
(N)
Account groups to which account numbers belong
(Y)
(N)
Debit/Credit, Account type and Field Status of the transaction
(Y)
(N)
Debit/Credit, Account group and Field Status of the transaction
(Y)
(N)
Debit/Credit, Account type and Field Status Group
(Y)
(N)
Debit/Credit, Document type & Field Status of the transaction
Page 51
14

FI PAPER: 10
117. Only one company code can be attached to posting period variant
(Y)
(N)
True
(Y)
(N)
False
(Y)
(N)
Cant 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
Page 52
15

FI PAPER: 10
(Y)
(N)
Local currency
125. Dunning process is used

(Y)
(N)
To make outgoing payments and clear documents
(Y)
(N)
To remind customers/vendor of account arrears
(Y)
(N)
To remit payments
126. Opening and closing of posting period is done
(Y)
(N)
In the customization of fiscal year
(Y)
(N)
In Special posting period
(Y)
(N)
In the Last normal posting period
(Y)
(N)
In customization related to opening and closing of posting period
(Y)
(N)
While defining posting period variant
127. Updating of Reconciliation account
(Y)
(N)
Happens at the end of the posting period
(Y)
(N)
Is run time update
(Y)
(N)
Happens only when closing a period
(Y)
(N)
Can be scheduled by the users
128. Posting key is defined at
(Y)
(N)
Document level
(Y)
(N)
Company code Level
(Y)
(N)
Chart of Account Level
(Y)
(N)
Client Level
129. Document Type is defined at
(Y)
(N)
Document level
(Y)
(N)
Company code Level
(Y)
(N)
Chart of Account Level
(Y)
(N)
Client Level
130. The Standard posting key used for G/L postings
(Y)
(N)
40
(Y)
(N)
19
(Y)
(N)
39
(Y)
(N)
31
(Y)
(N)
1
(Y)
(N)
50
131. In case of cross company code transactions
(Y)
(N)
One has to post two documents individually
(Y)
(N)
Posts document in once company and the system generates another
document in concerned company with common link of cross company
code transaction number
(Y)
(N)
System links documents based on user given number in crosscompany
code transaction field
(Y)
(N)
None of the above
Page 53
16

FI PAPER: 11
The settings for Automatic Payment Program you make settings for
automatic outgoing payments to be processed by the payment program.
1. By assigning Paying company code to each company code you can have one
company code process payment transactions centrally for several company codes.
a. 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
Page 54

FI PAPER: 11
You can use the dunning program to dun both customers and vendors.
Answer the following questions on Dunning?
9. The individual dunning areas within one company code can use different
procedures or the same dunning procedure.
a. 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?
Page 55

FI PAPER: 11
a. True
b. False
20. You can differentiate the accounts by currency. Exchange gains and losses are
then posted to the accounts designated for the currency involved. If you do not want
to differentiate the accounts by currency, you require an entry with the currency
"blank" (this is the default value). The "exchange rate differences" key in the
company code-dependent part of the G/L accounts must also be empty.
a. True
b. False
21. The goods receipt/invoice receipt (GR/IR) clearing account is posted to whenever
you receive goods that have not been invoiced yet or whenever you receive invoices
for goods that have not been delivered yet.
a. True
b. False
22. You define the versions you need to create a balance sheet and profit and loss
statement In FSV besides G/L Accounts you can assign functional area intervals at the
lowest level of the structure, instead of account intervals?
a. True
b. False
To set up a cash journal, select the activity Cash Journal in Customizing for
Banking-Related Accounting under Business Transactions.
23. For Setting up Cash Journal you need to create a G/L account, for the cash journal
in the required company code
a. True
b. False
24. Several Cash Journals can be created in a company code but you need a unique
G/l account for Cash Journal maintained in each currency
a. True
b. False
25. You have to define a number range interval for cash journal documents within
G/L Accounting.
a. True
b. False
26. While Setting up Tax code in Cash Journal you can only make entries in this field
for accounting transaction types E and R
a. True
b. False
27. In order to print the cash journal and the cash journal receipts, you have to set
up the corresponding print program parameters per company code.
a. True
b. False
28. he Controlling Module and FI module can use Different Chart of Accounts as long
as G/L are mapped to respective Cost Elements
a. True
b. False
Page 56

FI PAPER: 11
29. A group COA can be assigned to the Alternate chart of account which is assigned
to the company Code
a. True
b. False
30. The filed status for filed status group can in display transaction can only be
display or hidden.
a. True
b. False
31. For document types with external number ranges, you have to define an
individual reverse document type because the system can make automatic reverse
entries only in document types that have internal number assignment.
a. True
b. False
Page 57
ACADEMY: FINANCIAL ACCOUNTING

FI PAPER - 12
1. Company codes attached to the same controlling area have

a. same operational COA
b. same country COA
c. same group COA
d. different operational COA
2. every transaction results in a document
a. partially true
b. completely true
c. completely false
3. the
a.
b.
c.
d.
field status of the text field in the header of a document is controlled by

account type
document type
field status group
posting key
4. which of the statements are true

a. SAP supports a maximum of 999 line items
b. SAP supports a minimum of 1 line item (except for noted item)
c. The transaction figures in a document need to match
5. Cross company posting is possible for companies with different COA
a. Completely true
b. Completely false
6. Reconciliation accounts are updated on a daily basis
a. completely true
b. partially false
c. completely false
7. the field status of the field group account number in the G/L master is controlled
by the account group
a. completely true
b. partially true
c. completely false
8. the
a.
b.
c.
d.
field status of the fields in the company code data are controlled by
account group
account type
transaction/activity type
chart of accounts
9. the
a.
b.
c.
rates of tax is defined in the account key

partially true
completely true
completely false
10. the alternative account number is a free flowing field

a. partially true
b. completely true
c. completely false
Page 58

FI PAPER - 12
11. set data sets the dcata permanently in the system, whereas the hold data
function does it till the session is on
a. partially true
b. completely true
c. completely false
12. when the same field has both a validation rule and a substitution rule
a. It causes an error
b. validation takes priority
c. substitution takes priority
d. the rule that was created first takes priority
13. the cross company code transaction number is taken from its document type
a. completely true
b. partially false
c. completely false
14. for every G/L account, a primary cost element needs to be created immediately if
the company code is assigned to a controlling area
a. completely true
b. partially true
c. completely false
15. a fiscal year that is a same as a calendar year needs a year dependent fiscal year
variant
a. completely true
b. partially true
c. completely false
16. many business areas can be assigned to one company code
a. completely true
b. partially false
c. completely false
17. every company code can have only one cash journal
a. completely true
b. partially false
c. completely false
18. every line item of a document needs to have a unique posting key
a. completely true
b. partially false
c. completely false
19. the document number range for reconciliation accounts can have external
numbering
a. completely true
b. partially false
c. completely false
Page 59

FI PAPER - 12
20. if business area balance sheets are enabled for a company code, then the field
business area in the account assignment screen can be
a. suppressed
b. optional
c. display
d. required
21. field status groups are created at the client level
a. completely true
b. partially false
c. completely false
22. there can be any number of posting periods open for a company code
a. partially true
b. completely true
c. completely false
23. posting periods can be closed automatically by giving a deadline date
a. completely true
b. partially false
c. completely false
24. keeping posting period for account type + open allows
a. creating a document header for the posting period
b. creating all line items for the posting period
c. creating line items for account types which have been assigned to +
d. creating line items for account types whose posting period is open
25. a vendor invoice needs a GR to be posted
a. completely true
b. partially true
c. completely false
26. for getting the transaction figures for an account line item display needs to be
activated
a. completely true
b. partially false
c. completely false
27. all
a.
b.
c.
line item display accounts need to be open item managed

completely true
partially false
completely false
28. documents cannot be reversed

a. if the company code does not allow negative postings
b. if document type does not allow negative postings
c. if the document type does not have a reversal document type attached to it
d. if no reversal reason is created and assigned
29. base line date is

Page 60

FI PAPER - 12
a.
b.
c.
d.
e.
the document date

posting date
entry date
all of the above
any of the above
30. base currency is assigned to the company code

a. completely true
b. partially false
c. completely false
31. tax calculation rules are controlled by
a. condition types
b. account key
c. tax code
d. tax procedures
32. every company code must have
a. operational COA
b. a country COA
c. a group COA
d. at least two COAs
33. the account group must be for P&L items for accounts which are P&L accounts
a. completely true
b. partially false
c. completely false
34. every house bank needs to have at least one account id
a. completely true
b. partially false
c. completely false
35. bank G/L accounts are assigned to house banks, and all accounts under the house
bank have the same G/L account
a. partially true
b. completely true
c. partially false
d. completely false
36. the user can create his own transactions types for cash journal business
transactions
a. completely true
b. partially false
c. completely false
37. noted items
a. create only one line item
b. need to be identified in the special G/L transaction type as a noted item
c. are always available for credit control
38. which of the following statements are true
a. special G/L items post into a separate reconciliation account
b. the reconciliation account for the special G/L transactions is defined per
company code
c. statistical postings create only one line item
KEY
Page 61

FI PAPER - 12
1. A,C
2. B
3. B
4. A,C
5. A
6. C
7. C
8. A,C
9. C
10. A
11. A
12. C
13. C
14. C
15. C
16. C
17. C
18. C
19. C
20. C
21. C
22. B
23. C
24. A
25. C
26. C
27. C
28. D
29. E
30. C
31. D
32. A
33. C
34. A
35. D
36. C
37. A,B
38. A
Page 62

FI PAPER 13
1. The
a.
b.
c.
d.
vendor master contains data at

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

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

vendor accounts only customer accounts only
vendor and customer accounts
all of the above
4. the
a.
b.
c.
d.
document date
must be in the same period as the posting date
must be in a period higher than the posting date
must be in a period lesser than the posting date
can be in any period independent of the posting date
5. vendor invoices can be entered in

a. FI module only
b. MM module only
c. FI & MM modules
d. FI, MM and SD modules
6. When the automatic clearing program is executed, the base documents are
a. cleared and deleted from the system
b. cleared, deleted and archived from the system
c. cleared in the system
7. where can the vendor master be created
a. centrally
b. in the MM module only
c. in the FI module only
d. all of the above
8. which of the following posting keys is relevant for accounting bills of exchange of a
vendor
a. 11
b. 21
c. 39
d. 19
9. which of the following are valid additional account assignments
a. project
b. allocation
c. payment term
Page 63

FI PAPER 13
10. a residual item posting in the vendors account
a. generates a new line item
b. reduces the value in the original invoice line item
c. reverses the original line item
d. generates a parking document
11. what is the maximum permissible length of an internally generated vendor
number
a. 6
b. 10
c. 12
d. 18
12. house bank ids can be
a. alphabets only
b. numeric only
c. alpha numeric
d. any of the above
13. posting to an expense account needs
a. cost object assignment
b. a cost and revenue object assignment
c. revenue object assignment
14. the customer master contains data at
a. general, company code and sales organization levels
b. general level only
c. company code only
d. general and sales organization levels only
15. in
a.
b.
c.
d.
the standard system the posting key 25 refers to

credit to customer account
debit to customer account
debit to vendor account
credit to vendor account
16. the dunning program can be configured for

a. sending reminder letters only
b. sending reminder letters and creating debt provisions
c. creating debt provisions only
d. any of the above
17. when posting to a one time vendor or customer
a. it is not possible to store the address details
b. the address details have to be entered into the master before the transaction
is entered
c. the address details are entered as a part of the transaction
18. which of the following sequences of creating master accounts is logically correct
a. G/L, bank, customer
b. Bank, customer, G/L
c. Customer, G/L, bank
d. None of the above
Page 64

FI PAPER 13
19. A down payment request makes
a. a noted item posting in the vendor or customer accounts
b. an actual entry in the customer accounts
c. an actual entry in the vendor accounts
d. an actual entry in vendor and customer accounts
20. where can the customer master be created
a. in the SD module
b. in the FI module
c. centrally
d. any of the above
21. which of the following posting keys is relevant for accounting guarantees received
from a customer
a. 01
b. 05
c. 09
d. 19
22. which of the following posting keys is relevant for accounting guarantees given to
a customer
a. 01
b. 05
c. 09
d. 19
23. which of the following posting keys is relevant for accounting bills of exchange of
a customer
a. 01
b. 05
c. 09
d. 19
24. interest calculation can be done for
a. vendor accounts
b. customer accounts
c. G/L accounts
d. All of the above
25. Incoming payments
a. can post and clear vendor and customer line items
b. can clear without posting
c. can post, clear and delete the base invoices
26. what is the maximum possible length of an internally generated customer

number
a. 6
b. 10
c. 18
d. 24
Page 65

FI PAPER 13
27. what field on the customer master record controls whether we will accept an
incoming payment for less than the amount invoiced
a. sort key
b. tolerance group
c. payment method
d. bank key
28. what are the organizational entities for which the profit and loss statement and
balance sheet can be generated
a. company code and business area
b. company code and profit center
c. profit center and business area
d. cost center and profit center
29. which of the following statements is true
a. one company code can use multiple chart of accounts
b. one chart of accounts can be used by multiple company codes
c. one chart of accounts can contain only one chart of accounts
30. which of the following fields can be changed in the document change mode
a. allocation
b. posting date
c. document date
d. G/L account no\
31. When a document is parked
a. the actual document number is generated but the document is not posted
b. a temporary document number is generated but the document is not posted
c. the document is posted with the actual document number
d. the document is posted with a temporary document number account number
32. what is the no. of periods available in a fiscal year
a. 12
b. 14
c. 16
d. 52
33. what is the maximum no. of line items allowed in an accounting document
a. 2
b. 50
c. 100
d. 999
34. which of the following statements is true
a. one document type can use only one number range
b. one document type can use multiple number ranges
c. one account can be posted to by only one number range
d. one number range cannot be used by multiple document types
35. what is the maximum permissible length of a G/L account number
a. 6
b. 8
c. 10
d. 18
Page 66

FI PAPER 13
36. the fields available for posting in a transaction are controlled through the field
status group at
a. posting key level only
b. posting key and G/L account levels
c. G/L account level only
37. a parked document can be
a. modified
b. deleted
c. posted
d. all of the above
38. when is the business area level balance sheet self balanced
a. always
b. never
c. when the business area clearing closing procedure is run
d. when the materials management period closing is completed
39. what is the number of sub levels at which accounts can be grouped in the
financial statements version
a. 3
b. 6
c. 9
d. 12
40. which of the following is true
a. any accounting document can be reversed
b. only documents posted through the parking method can be reversed
c. only documents with external numbering can be reversed
d. only documents with internal numbering can be reversed
41. a transaction can span
a. multiple company codes
b. multiple business areas
c. multiple cost centers
d. all of the above
42. the currency for a document is determined for
a. the whole document
b. each line item
c. a group of line items
43. the document currency

a. can be any currency
b. must be the company code currency
c. is the currency of the chart of accounts
d. must be the currency defined in the G/L master
44. the local currency of a transaction
a. can be entered by the user
Page 67

FI PAPER 13
b. is always the company code currency
c. is the currency of the chart of accounts
d. is determined by the country field in the customer/vendor masters
45. what dictates whether a document line item requires a tax code
a. tax code in the vendor/customer masters
b. tax category in the G/L master
c. optional entry in every transaction
46. what sort key is used to sort line items by document currency amount
a. 001
b. 003
c. 005
d. 006
47. an
a.
b.
c.
d.
account with automatic posting only indicator can be posted from

FI module only
Specific modules other than FI
CO module only
HR & PP modules only
48. What is meant by the option open items management in a G/L account master
record
a. items on that account can never be cleared
b. items on that account can be cleared
c. no balances are available for that account
49. what is meant by the option line item display in a G/L account master record
a. only line items can be displayed
b. only balances can be displayed
c. line items and balances can be displayed
50. the automatic payment program
a. generates payment orders only
b. generates payment orders and accounting transactions
c. generates accounting transactions only
Page 68

FI PAPER 13
KEY
1. A
2. B
3. A,B,C,D
4. D
5. C
6. C
7. A,B,C,D
8. C
9. A
10. A
11. B
12. D
13. A
14. A
15. C
16. A
17. C
18. A
19. A
20. D
21. D
22. C
23. C
24. D
25. A
26. B
27. B
28. A,B,C
29. B
30. A
31. A
32. C
33. D
34. A
35. C
36. B
37. A, B,C,,D
38. C
39. D
40. A
41. D
42. A
43. A
44. B
45. B
46. D
47. B
48. B
49. A
50. B
Page 69

FI PAPER 14
1. Benefits of integration are

a. processes can be done concurrently, rather than consecutively. This reduces
process time
b. data moves through internet platform and access becomes faster
c. eliminates duplicate entries
d. single entry accounting becomes easier
2. R/3
a.
b.
c.
is called so because
it requires three servers
it integrates three basic modules, viz., FI, logistics and HR
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
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FI PAPER 14
b. partially true
c. completely false
d. partially false
10. business area is a legal entity for which you need a balance sheet
a. completely true
b. partially true
c. completely false
d. partially false
11. client is the highest level organization
a. completely true
b. partially true
c. completely false
d. partially false
12. many company codes can be attached to one plant
a. completely true
b. partially true
c. completely false
d. partially false
13. many company codes can be assigned to one controlling area
a. completely true
b. partially true
c. completely false
d. partially false
14. operating concern can encompass several controlling areas
a. completely true
b. partially true
c. completely false
d. partially false
15. credit control area is a concept in CO
a. completely true
b. partially true
c. completely false
d. partially false
16. master data is created with the help of IMG
a. completely true
b. partially true
c. completely false
d. partially false
17. transaction data is core information that is shared across applications
a. completely true
b. partially true
c. completely false
d. partially false
18. the user specific defaults are possible if setting is done in
a. user profile
b. company code parameters
c. session managers
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FI PAPER 14
d. terminal
19. customized report trees are created through
a. transaction menu of information system
b. master creation of reports
c. IMG
d. Standard report functionality
20. Variant creation helps in
a. calculating variance between actual and standard
b. processing repetitive transactions
c. to coy repetitive field values in master creation
d. to be a standardized selection criteria for repetitive use required to run
program
21. credit control area may consist of one or more company codes
a. completely true
b. partially true
c. completely false
d. partially false
22. credit control area is used
a. by the SD and AR components to provide integrated credit management
b. by FI/AP to prove credit worthiness to vendors
c. independently by FI to monitor customer credit
d. independently by SD to monitor customer credit
23. a company code can be assigned with
a. three chart of accounts
b. two charts of accounts
c. only one chart of account
d. a chart of account called as operating chart of account
24. association between numbers from group chart of account and/or
country/alternate chart of account can be established in
a. company code global parameters
b. master data of ledger account from operating chart of account
c. group company details
d. country details
25. account groups which are assigned in account master creation helps
a. to determine which fields should be suppressed, required or optional while
processing transaction
b. to determine which fields should be suppressed, required or optional while
creating master in company code area
c. to determine which fields should be suppressed, required or optional while
processing transactions and master both
d. in grouping the accounts with specific logic and assign specific number
interval
26. there are two areas-chart of account and company code-in which G/L account
master has to b e created because
a. data can be distributed and easy to process
b. the same chart of account can be assigned to several company codes
c. the company specific features can be maintained in company code areas
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FI PAPER 14
d. creation of G/L can be done in two stages
27. house banks are banks
a. which are used by the company code in which they are created
b. which are used by customers/vendors
c. located in the same building where company is located
d. which are nationalized
28. primary cost element is related to
a. G/L account code in one to one relationship
b. G/L account code in one to many relationship
c. Several secondary cost elements to group them
d. Internal order
29. It is a must to assign a standard hierarchy in cost center master
a. completely true
b. partially true
c. completely false
d. partially false
30. statistical order permits
a. settlement to cost center
b. application of overhead to them
c. evaluation of costs which cannot be itemized in detail cost element or cost
center accounting
d. costing of product
31. for
a.
b.
c.
d.
every transaction, system generates at least

4 documents
3 documents
2 documents
1 document
32. transactions which have a financial impact generate along with other documents
a. material document
b. SD document
c. System document
d. Accounting document
33. Purchase order creation is an example of transaction
a. which also triggers accounting document
b. which does not create any accounting document
c. which creates document in SD
d. which triggers document in PP
34. document has the following sections
a. title and details
b. open item and line items
c. header and line items
d. coding block and line items
35. document type is assigned in the line item section of document
a. true
b. false
36. document type allows more than one account types while processing the
particular document type
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FI PAPER 14
a. true
b. false
37. number range id is assigned in
a. account type
b. document type
c. document header
d. document line item
38. following are the account types
a. A,D,K,M,S
b. A,D,K,M,S,B,S
c. A,D,K,M,S,T
d. A,D,K,M,S,P,L
39. Number range can be defined as
a. only internally system generated
b. only externally assigned by user
c. either externally or internally
d. both externally and internally at the same time
40. posting keys determine
a. account groups to which account numbers belong
b. debit/credit, account type and field status of the transaction
c. debit/credit, account type, account group and field status of the transaction
d. document type, account type and field status of the transaction
41. the relationship between calendar months and posting period is defined in the
properties of
a. posting period variant
b. field status variant
c. fiscal year variant
d. global parameters of company code
42. only one company code can be attached to a posting period variant
a. true
b. false
43 fiscal year can have
a. maximum 12 regular posting periods and 4 special periods
b. any number of posting periods
c. 16 regular periods
d. 16 special periods
44 account type essentially controls

a. account group which can be assigned to the account code
b. which account-G/L, customer, vendor, material, or asset can be used in a line
item of transaction posting
c. tolerance level of the accounts involved
d. document type which can be used
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FI PAPER 14
45 account group in the context of G/L account determines status of fields in
a. transaction
b. chart of account segment of master data
c. company code segment of master data
46 field status variant and posting key both determine field status in
a. chart of account segment of master data
b. company code segment of master data
c. document type
47 negative postings cause transaction figures of the account
a. changed
b. unchanged
c. double
48 for
a.
b.
c.
negative posting, negative posting indicator needs to be checked

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

a. posting with reference, recurring entries, account assignment models, G/L fast
entry screens
b. only G/L fast entry screens
c. only recurring entries
50terms of payment can be assigned to
a. G/L master
b. Customer or vendor master
c. Transaction processing for customer/vendor
51 Base line date is
a. a date on which payment becomes due
b. from which due date is calculated depending on the settings in payment terms
c. a base date after which discount lapses
52 due date and cash discounts are dependent on

a. settings in company code
b. credit management settings
c. payment term
d. payment method
53 currency assigned in company code master is
a. transaction currency
b. group currency
c. hard currency
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FI PAPER 14
d. local currency
54 validations are used
a. to substitute values in fields
b. to support data entry
c. to validate the data being entered is meeting certain criteria when certain
prerequisites are met
55 parking of document is a functionality
a. which can be used to complete and post subsequently the documents which
are incomplete
b. to hold the document for the new session
c. to process documents faster
56 dunning process is used
a. to generate payments
b. to remind customer/vendor of account arrears
c. to remit the payments
57 opening and closing of posting period is done
a. customization of fiscal year
b. customization related to opening and closing of posting period
c. definition of posting period variant
58 updating of reconciliation account
a. happens on a daily basis
b. is real time update
c. happens after the end of the posting period
59 customer and vendor master can b e maintained
a. only in FI
b. only in SD/MM
c. centrally as well as in respective functional areas
60customer master is divided into
a. two sections-company code and sales area
b. three sections-general data, company code and sales organization
c. four sections-general data, company code, salas organization and production
61 function of tolerance group is
a. is to set tolerance level for foreign exchange
b. is to define user groups with different amount limits for documents and line
items
c. grouping tolerance levels of specific nature
62 posting keys are defined at
a. business area level
b. company code level
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FI PAPER 14
c. client level
63 every company code must have its own document type
a. true
b. false
64 the
a.
b.
c.
d.
standard posting keys used for G/L posting are

40, 50
19, 20and 40
50, 39
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
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FI PAPER 14
KEY
1. A,C
2. C
3. D
4. B
5. C
6. A
7. B
8. C
9. A
10. C
11. A
12. C
13. A
14. A
15. ..
16. A
17. C
18. A
19. ..
20. B
21. A
22. A
23. A,B,C,D
24. B
25. B,D
26. A,B,D
27. A
28. A
29. A
30. ..
31. D
32. D
33. B,D
34. C
35. B
36. A
37. B
38. A
39. C
40. B
41. A,C
42. B
43. A
44. B
45. C
46. C
47. A
48. C
49. A
50. B,C
51. B
52. C
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FI PAPER 14
53. D
54. C
55. A
56. B
57. B
58. B
59. C
60. B
61. B, C
62. C
63. B
64. A
65. B
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10

FI PAPER 15
mySAP Business Suite overview
1. What are the essentials of SAPs 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
a.
b.
c.
d.
business object consists of

attributes
methods
attributes and methods
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
a.
b.
c.
d.
e.
can use the F1 key to

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

start another session
display detailed technical information on a program
call the SAP library
display possible entries for an input field
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
a.
b.
c.
d.
e.
f.
following personalization options are available in the SAP-GUI

you can change the font size (within limits)
you can have system messages displayed in a dialog box
you can change the size of input fields
you can suppress the display of pictures
every user can display a picture of their choice on the SAP easy access screen
you can use a personal input history on your front end
8. what is the maximum no. of parallel sessions that you can open
9. what is the name of the function you reach if you choose: tools admn monitor
system monitoring user overview? What transaction code could you use to call
this transaction instead of the menu
a. database server only
b. application server only
c. presentation server only
d. all of the above
11. all
a.
b.
c.
data and programs are contained in

application server
database server
none of the above
12. maximum no. of sessions a user can open when he logs on to SAP
a. one
b. three
c. five
d. six
13. what are the three servers of R/3 system
14. to delete the current session, what command is used
15. where you can find transaction code for the function you are working in
16. which key is used for help on fields, menus, function, messages
Overview of financial accounting

1. One chart of accounts
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FI PAPER 15
a.
b.
c.
d.
can be assigned to several company codes

can be defined as a group chart of accounts
only contains definitions of G/L accounts
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
a.
b.
c.
d.
length of G/L account no. should be mentioned in

G/L account groups
G/L account
Chart of accounts
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
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FI PAPER 15
9. shortened fiscal year can have
a. 12 periods
b. more than 12 periods
c. less than 12 periods
d. should have less than 12 periods
10. company code can have
a. one local currency only
b. two local currencies
c. any no. of local currencies
a. company can use indirect exchange rate only
b. company can use direct exchange rate only
c. company can use both indirect and direct exchange rates
12. which of the following is true in relation to SAP features
a. business areas are company code specific
b. business areas are assigned to company codes
c. business areas are used for reporting across company codes
13. what is the highest level element of organizational units
14. what is the business unit where cost accounting is carried out in SAP
15. business areas are company dependent
a. true
b. false
16. how many characters does a company code have
17. one chart of accounts cannot be assigned to more than one company code
a. true
b. false
18. in case of non calendar fiscal year, annual displacement indicator is used
a. true
b. false
19.what are the two segments of a chart of accounts
20. which chart of accounts is used for consolidation
21. at what level is vendor account defined
22. more than one plant can be attached to a single company code
a. true
b. false
23. purchasing is done by what organization and for whom
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FI PAPER 15
24. what are the three steps for standard procedure for procurement transactions in
FI
25. what is the central organizational structure in profitability analysis
26. one company code may contain several sales organizations
a. true
b. false
27. what document is created when receivables and revenues are posted in SD
module
28. what is the main criteria for defining asset
29. what areas are used to keep more than one valuation basis for depreciation
30. more than one cash journal can have the same cash account
a. true
b. false
31. what is the element other than document header in an FI document
32. document no. range can be both internal and external
a. true
b. false
33. in which case same document number will be taken for a new financial year
34. group chart of accounts is used for consolidation
a. true
b. false
35. at what level a vendor account is defined
36. more than one plant can be attached to a single company code
a. true
b. false
37. several company codes can use the same posting period variant
a. true
b. false
38. you can close a financial year even if you have parked documents
a. true
b. false
39. G/L account/posting keys contain further specifications for account assignment in
tax calculation procedure
a. true
b. false
40. what is a base amount
41. what does a tax code contain
42. reconciliation account type for vendor is K and for customer it is D
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FI PAPER 15
a. true
b. false
43. if an account is managed with open items, then line item display must be
activated
a. true
b. false
44. in consolidation, to which are company codes and business areas attached
Master records
1. A G/L account consists of which segments
2. Name possible field status definitions in the order of their priority
3. Different company codes can use the same____________
4. The ________ controls the field display for the company code data in the G/L
account master record
5. __________ contain the total of the transaction figures for the corresponding sub
ledger groups
6. Reconciliation accounts are updated on a daily basis. a) true b) false
7. You can always display the line items of a G/L account a) true b) false
8. G/L accounts with open item management must have line item display activated
a) true b) false
9. G/L accounts that are managed in local currency can only be posted to in this
currency a) true b) false
10. G/L accounts that are managed in foreign currency can only be posted to in this
foreign currency a) true b) false
11. because company codes use different operational chart of accounts, you cannot
carry out cross company code controlling a) true b) false
12. a complete customer account consists of the following parts: _____________
13. a complete vendor account consists of the following parts: __________________
14. the customer/vendor accounts must always be maintained centrally a) true b)
false
15. one number range can only be assigned to one account group a) true b) false
16. _______ no. assignment means that the R/# system assigns the number
automatically
17. You maintain a customer/vendor master records ____________ if you create the FI
segments at the same time as the SD/MM segments
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FI PAPER 15
18. G/L accounts have ________ no. assignment; customer / vendor master records
can have ________ or ________ no. assignment
19. the co. code data of a customer/vendor master record consists of _____ areas, viz:
______ (tab pages)
20. True / false
a. a G/L account consists of a chart of accounts and one or more company code
segments
b. the accounts group controls the screen layout of the chart of accounts
segment
c. all G/L accounts must carry a tax indicator
d. you can directly post to the reconciliation accounts
e. the account currency is stored in the chart of accounts segment
21. which statements regarding the bank master records are correct
a. the G/L account name of the house banks has to concur to the name in the
bank key directory
b. the name for the G/L account at the house bank is freely definable
c. the G/L account name of the house bank can contain the name of the bank
and the account no.
d. the G/L account name of the house bank is defined in chart of accounts
e. the G/L account names of the house bank can be defined to company code
that differ from the chart of account
22. the G/L account becomes complete if we
a. add company code segment to chart of accounts segment
b. create both company code segment and chart of segment
c. create chart of account
d. copy chart of account segment from other company code
23. if we are using same chart of account in more than one company code
a. company code segments are same in all company codes
b. account name and account number is the same in all company codes
c. currency in company code segment in all company codes are same
d. the group account number is different in all company codes
24. the appearance of the company code segment of a G/L account is based on
a. account group entered in the chart of account segment
b. group account number entered in chart of accounts segment
c. assignment of group chart of accounts in chart of accounts
25. the appearance of an account master data is based on

a. account number
b. field status
c. chart of accounts
26. creation of duplicate accounts in AP is prevented by using
a. match code before creating the new account
b. sensitive dual control
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FI PAPER 15
c. switching on automatic duplication check
27. retained earnings account is
a. specific to company code
b. specific to client
c. specific to chart of accounts
a. company code can have one retained earnings account only
b. company code can have more than one retained earnings account
c. chart of accounts can have more than one retained earnings account
d. chart of accounts can have on retained earnings only
e. none of the above
a. account group controls the document field status
b. account group controls the number range
c. account group controls the master record field status
d. all of the above
30. which of the following statements are correct
a. the G/L account name for house banks must match the names given to the
b. the G/L account name for house banks are user definable
c. the G/L account names for house bank could be the bank name and account
no.
d. the G/L account names for house banks are defined in the bank directory
from those in chart of accounts
31. G/L master created is always for all company codes in R/3 a) true b) false
32. Currency is a required field entry while creating G/L master a) true b) false
33. We cannot control the postings in the G/L by way of tax code entry for a G/L
account a) true b) false
34. Tax codes are created and operated at country level a) true b) false
35. Tax codes are created at company code level a) true b) level
36. Tax codes are time dependent a) true b) false
37. Jurisdiction codes are not used at all while creating tax codes a) true b) false
38. In AP & AR, account group cannot be created with external number range a) true
b) false
39. Reconciliation account definitions are available in general data and vendor
master a) true b) false
40. chart of accounts view of G/L account keeps the data like general data a) true b)
false
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FI PAPER 15
41. fiscal year variant can be of two types. Name them
42. in case of G/L accounts, number ranges are attached to G/L accounts. a) true b)
false
43, account groups are used to control following properties
a. field status of transaction field
b. field status of master fields
c. field status of master fields and number range
d. field status of master fields, number range and whether accounts are P&L /
B/S
44. you can post transactions to an account in any currency only if
a. account currency is not maintained
b. account currency is same as local currency of company code
c. account currency is different from company code currency
d. under all circumstances
45. planning levels in G/L accounts are used for
a. generating G/L planning
b. planning memo entries in treasury
c. classifying transactions pertaining to cash flow
d. classifying G/L accounts as per B/S format
46. you can carry forward P&L account balances to
a. multiple retained earnings accounts automatically
b. single retained earnings accounts automatically
c. multiple retained earnings accounts through period end closing
d. single retained earnings account through period end closing
47. default exchange rate picked up during FI document entry is
a. exchange rate maintained for type B
b. exchange rate maintained for type M
c. exchange rate maintained for type G
d. there is no default exchange rate type
48. you can clear open items only when they have same
a. business area, amount, opposite dr/cr indicator and same entry in fields that
are configured for auto clearing
b. amount, opposite dr/cr indicator
c. business area, opposite dr/cr indicator
d. amount, opposite dr/cr indicator and same entry
49. foreign currency valuations on G/L accounts are performed on following accounts
a. all accounts
b. all accounts managed on open item basis
c. all accounts managed on open item basis and all accounts with currency
different from local currency
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FI PAPER 15
d. accounts managed on open item basis having foreign currency transactions
and all accounts with account currency different from local currency
50. you can display account balance of several related accounts through
a. account groups
b. sort key
c. worklists
d. totals variant
51. you run BA/PC adjustments for
a. balancing BA level B/S for inter BA transactions
b. balancing company code level B/S for inter company transactions
c. posting adjustment entries for changed reconciliation accounts
d. posting vendor/customer reclassification at BA level
52. fast entry screens in FI are used to enter
a. customer/vendor line items
b. G/L line items
c. C/V, G/L line items
d. Invoice receipt against GR
53. easily entered document entry templates are called
a. sample documents
b. account assignment models
c. work lists
d. recurring documents
54. Posting keys are used to decide
a. dr/cr indicator, field status of transaction screen, account types
b. dr/cr indicator, account types
c. dr/cr indicator, account types, field status of transaction screen, special G/L
applicability
d. dr/cr indicatgor, field status of transaction screen, special G/L applicability
55. how many parallel currencies are possible and at what level they are assigned
a. 2 local currencies, coa
b. 3 local currencies, coa
c. 2 local currencies, company code
d. 3 local currencies, company code
56. when you reverse a posted document, document number must be
a. internal
b. external
c. internal/external
d. manually assigned
57. financial statements can be generated in

a. local currency
b. document currency
c. chart of account currency
d. any currency for which customization is done
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FI PAPER 15
Document control
1.what are the most important control functions of the document type
2. if the user assigns the document number manually, this is _______no. assignment
3. ________nos. may be alphanumeric
4. every company code may define its own document types a) true b) false
5. every company code may define its own document no. range a) true b) false
6. at the beginning of a new fiscal year, the system always starts the document no.
assignment again at the start of the no. range a) true b) false
7. document no. ranges must not overlap a) true b) false
8. how many no. ranges can be assigned to a document type simultaneously
9. what are the most important control functions of a posting key
10. name two elements that influence the field status of document fields
11. from following, state how the text field will be treated on document entry screen
a) if text is hidden per posting key, text optional as per field status group,
then _____ will be in document entry screen
b) if text is optional as per posting key, text is required as per field status
group, then it will be a ______ in document entry screen
c) if text is required as per posting key, text is hidden as per field status
group, then it will be an ______ in document entry screen
12. what are the standard posting keys for G/L account postings and on which side of
the account do they post to
13. posting keys are defined at client level a) true b) false
14. the _____ group controls the field display during document entry
15. each ______ has a field status group
16. the posting period variant is assigned to the ____________.
17. a posting period variant must contain at least one line with the entry
_____________
18. the account range in the posting period variant consists of ________
19. posting periods are opened and closed automatically a) true b) false
20. no more than two periods can be open at the same time a) true b) false
21. the authorization group in the posting period variant applies only to authorization
for posting in special periods a) true b) false
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22. which of the following statements are true, when you are considering major
controls of document types
a. the account types allowed for postings
b. the field status of header text and reference no.
c. posting keys
a. posting keys are defined at client level
b. account types allow line item postings based on posting key
c. field status definition suppressed and required can not be combined
d. field status groups are variant principle
24. which of the following are true if we are using the same posting period variant for
several company codes
a. opening and closing of periods to e done for each company code
b. we cannot use same posting period variant for several company codes
c. we can maintain different special periods for each company code
a. we can open two period ranges during the time of closing process
b. based on the document date entry, system will determine the posting period
and fiscal year
c. if you display the balances of an account, the transaction figures for the
posting periods are displayed
26. when ever an FI entry is made, we want document header text is required to be
made mandatory. Customizing is available in account master and field status groups
a) true b) false
27. it is not possible to see document currency and company code currency at the
same time during document display option a) true b) false
28. document posting date, value date, base line date, system date, and due date in
the entry screen of customer/vendor invoice are same a) true b) false
29. it is possible to define standard translation method of foreign currency in the
posting key a) true b) false
30. system allows you to enter the date interval from and to in case of foreign
currency translation rate a) true b) false
31. one no. range can be assigned to several document types a) true b) false
32. ________ and ________ are two elements of FI document
33. document no. range can internal and _________
34. in case of _________ no. range, same document no. will be taken for a new fiscal
year
35. one no. range can be assigned to several document types
a) true b) false
36. one document type can have more than one no. range a) true b) false
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37. a field status within an FI document is controlled by three factors, viz.,
38. while posting a parked document, document no. is changed a) true b) false
Posting control
1. List some sources of values that are defaulted by the system for document entry
2. Name two possible ways to reverse a document
3. What are the two prerequisites that should be fulfilled in order to process the
negative postings
4. Credit memos can be linked to invoices to ensure that invoice and credit memos
are due on the same date a) true b) false
5. The day limits define the dates of cash discount periods a) true b) false
6. Every installment of an installment plan must have its own terms of payment a)
true b) false
7. terms of payment is a field in the ______ and _______ of the customer master record
8. the __________ is the date that the system uses to determine the due date of the
invoice
9. which cash discount accounts are used in the net procedure?
10. which cash discount accounts are used in the gross procedure?
11. name the two types of taxation that can be represented in the system
12. what data is required for the automatic account determination for tax amounts?
13. list two examples for cross company code transactions
14. a cross company code transaction consists of at least two documents a) true b)
false
15. tax amounts of across company code transaction are automatically distributed to
the company codes in which the expenses or revenues occurred a) true b) false
16. cross company code clearing accounts must be G/L accounts
17. the company code of a cross company code transaction may have different local
currencies
18. describe the components the system uses to create cross company code
transaction no.
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FI PAPER 15
19. by mentioning base line date, cash discount periods and cash discount
percentage rate in payment terms system will calculate
a. due date of invoice and cash discount
b. due date only
c. cash discount only
20.postings in a company code are done in G/L account of
a. consolidation coa
b. operative coa
c. country coa
d. all of the above
21. posting in a G/L account is controlled by
a. account group of the G/L account
b. field status group in the coa segment
c. field status group in the company code segment
d. all of the above
22. payment terms are company code dependent a) true b) false
23. it is not possible to calculate the due date on fixed dates like end of month with
days calculation a) true b) false
24. posting key is linked to field status in FI posting a) true b) false
25. negative posting is one method of document reversal a) true b) false
Clearing
1. name 2 basic transactions that you can use to clear open items
2. documents with open items cannot be archived because open items represent
incomplete transactions a) true b) false
3. a clearing document must have at least two line items a) true b) false
4. posting with clearing can be carried out for several accounts simultaneously a)
true b) false
5. the posting keys to be used in the clearing document are defined in clearing
transactions a) true b) false
6. the automatic clearing program cannot carry out automatic postings a) true b)
false
7. clearing a credit memo with an open invoice is an example of __________
8. posting a payment for an open invoice with a resulting zero balance is an example
of ______
9. a _______ residual item clears the invoice and the payment to create a new open
item
10. a ______ results in the open invoice and the incoming payment remaining in the
customer account as open items
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FI PAPER 15
11. the R/3 system generates the exchange rate differences automatically a) true b)
false
12. G/L accounts must be defined for exchange rate losses or gains a) true b) false
13. list the no. of ways the G/L account can be determined for exchange rate
differences
14. in
a.
b.
c.
d.
processing open items (customer), you can

activate or deactivate open items
reverse the open items
activate or deactivate the cash discount
enter partial payments or residual items
15. using account clearing function, choose a match those existing open items from
an account that balance to zero. The system marks them as cleared and creates a
clearing document. The clearing document no. and the clearing date is entered in the
cleared open items. The clearing date can be the current date or a date that the user
determines. State whether this statement is a) true b) false
16. the specification for permitted payment differences can be found in both types of
tolerance groups. They control the automatic posting of cash discount adjustments
and unauthorized deduction a) true b) false
17. all reconciliation accounts and all G/L accounts with open item transactions in
foreign currency must be assigned to the revenue/expense accounts for realized
losses and gains a) true b) false
18. clearing does not create any document in SAP a) true b) false
19. it is user defined where SAP will control open item selection a) true b) false
Special G/L transactions
1.all special G/L transactions are posted to G/L accounts a) true b) false
2. payment cannot be made by adjusting a special G/L transaction which is posted in
G/L a) true b) false
3. down payment creates another entry without any links to the original entry a) true
b) false
4. residual payment creates another entry keeping all entries open a) true b) false
5. it is not possible to create a due date for a down payment a) true b) false
6. SAP does not allow bill of exchange accounting a) true b) false
7. payment request clears the entries in AP/AR a) true b) false
Automatic payments
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1.List the five steps in the payment program
2. name the six areas into which the payment program configuration is divided
3. the _______ specify the accounts and documents that are to be included in the
payment run
4. the payment program needs the __________ to determine whether an open item has
to be paid now or in the next payment run
5. the sequence in which the payment methods are entered in the _________reflects
their priority
6. all the company codes in the payment run parameters must be in the same
country a) true b)false
7. a payment method can be used only if it is entered in the account master record
a)true b)false
8. the payment proposal can be edited, deleted and recreated as often as necessary
a)true b)false
9. the exception list is part of the payment proposal a) true b) false
10. in
a.
b.
c.
d.
e.
the payment process, automatic option to the users are

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

b. only line item payment block can be removed during payment proposal
c. items that cannot be paid are detailed in the exception list
12. which of these statements on payment program are correct
a. there are four steps in payment process i.e., parameters, proposal, program,
print
generate print media
13. every run of the payment program is identified by two fields
a. run date
b. identification
a. the run date is recommended to be the actual date when the program is
executed
b. the field identification is used to run print program
15. which of the following statements are true (ref: print program-all codes area)
a. sending company code and paying company code are same always
b. by specifying vendor/customer/special G/L transaction to be paid, we can
process special G/L transaction only
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c. by activating payment method supplement, we can print and sort payments
16. which of the following statements are true? (ref: payment program-bank
determination area)
a. without ranking order, system will not process the payment
b. bank/payment method combination is must to define ranking order
c. without maintaining the value date in bank selection, system will not
process the payment
17. if we are using check management, which of the statements is true
a. define check lot in order to print checks
18. all company codes in payment run parameters must be in same country a) true
b) false
19. a payment method can only be used if it is entered in the account master record
a) true b) false
20.the payment proposal can be edited, deleted and recreated as often as desired
a)true b)false
21. exception list is a part of payment proposal a) true b) false
22. SAP cannot automate the payment method entry into the vendor invoice screen
a)true b)false
23. partial payment creates another entry without any link to the original entry a)true
b) false
24. it is not possible to use two check series for making payment a) true b) false
25. it is not possible to void unused checks a) true b) false
26. reversal of void check is a standard functionality in SAP a) true b) false
27. it is not possible to show the check with a value range by a user a) true b) false
28. payment to anybody by passing a G/L entry without AP/AR is a standard
functionality of SAP a) true b) false
29. we cannot create manual checks for payment to business partners and update in
the system a) true b) false
30. bank statement entry into SAP does the auto clearing a) true b) false
31. through bank statement entry, we can make entries like bank debits for bank
charges, commission, etc. which will make a direct posting into G/L a) true b) false
32. payment to vendor of a specific bill cannot be blocked in SAP a) true b) false
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33. customer makes multiple check payments for one invoice and hands it over to
the company which is running with all modules of SAP. It is not possible to enter in
SAP by keeping all the check details and updating against an invoice a) true b) false
34. ____________ is the date from which the due date is derived
35. if customer invoice is created in SD, then payment terms from _________ segment
will be defaulted
Automatic dunning
1.list the four steps that have to be taken by the dunning program to perform the
automatic dunning procedure
2. customers without dunning procedure in the master record are dunned with a
default dunning procedure a)true b) false
3. if dunning areas are not used, dunning is performed at the company code level
a)true b)false
4. it is possible to dun vendors as well as customers a)true b)false
5. the run date is always the date when a certain dunning run is supposed to be
started a) true b) false
6. the parameters specify the accounts and documents that are to be considered in
the dunning run a) true b) false
7. list some reasons why overdue items might not be dunned
8. the dunning proposal consists of several steps. List the main steps involved in
creating the dunning proposal
9. the payment terms of a credit memo usually do not apply and the due date is
either the due date of the associated invoice or the baseline date of the document a)
true b) false
10. every dunning procedure must have at least four dunning levels a) true b) false
11. an account is only dunned if all the over due items have exceeded the minimum
days in arrears a) true b) false
12. the dunning run updates the dunning data in the dunned items and accounts a)
true b)false
13. a dunning notice is only sent if the dunning data has changed since the last
dunning run, or if always dun? is selected a) true b) false
14. after the dunning proposal has been created, changes to the dunning data in
items or master records are ignored in the current dunning run a) true b) false
15. the dunning proposal can be edited, deleted, and recreated as often as required
a) true b)false
16. one dunning form can be used for all dunning levels and dunning areas a) true b)
false
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FI PAPER 15
17. the dunning text for dunning level 6 is stored in text module 616 a) true b) false
18. the last dunning level is equal to the legal dunning procedure a) true b) false
19. what is changed by the dunning run?
a. the date last dunning run in the customer master record
c. the dunning level in the dunned document
d. the form specification in the customer master record for the next dunning
letter
e. the dunning procedure for the next dunning run in the customer master record
20.when running the dunning program
b. we cannot delete proposal
c. we can recreate the proposal until the dunning clerk is satisfied with result
d. after completing the dunning proposal list, dunning data is updated in master
records
21.which is true
c. dunning procedure can process only standard transaction
d. interest can be posted at the time of dunning
22.the
a.
b.
c.
maximum dunning level can be defined in the dunning procedure is

four
six
nine
23. an item whose days in arrears are smaller or identical to the grace period,
dunning program will consider the item for dunning a) true b) false
24. which of the following statements are false
a. we cannot specify per dunning level that interest is to be calculated
c. we can set a minimum amount for the dunning charges on each dunning level
25. what information does a dunning run change
a. date of last dunning run in the customer master record
c. the dunning level in document for which dunning notices are created
d. from (layout set) specifications in the customer master record for the text in
Correspondence
1.it is possible to get the report of customers created by user in a company code
a)true b)false
Interest calculation
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1.account master data must contain an interest calculation indicator for interest
calculation to take place a)true b) false
2. on a give account, R/3 cannot calculate different interest rates based on the
amounts of balance or items a) true b) false
3. you can configure R/3 to calculate interest for customers or vendors that owe you
money. You cannot calculate interest, however, if you owe your business partner
money a) true b) false
4. name the two types of interest calculation in SAP R/3
5. what information do you need to create a new interest calculation indicator
6. which of these statements is true
a. we can calculate interest on G/L accounts under interest on arrears method
b. each interest id must be assigned to interest calculation type
Country specifics
1.name the three documents used in the payment process
2. what methods can you use to create checks? Name two ways of creating a check.
Can you name the check printing program?
3. you can void a check without reversing the payment document a) true b) false
4. you can void a check and reverse the payment document at the same time a)true
b)false
5. you can void a check and reverse the payment document and the vendor invoice
all at the same time a) true b) false
6. what is a lock box
7. what are payment advice notes used for in the lock box process in R/3
8. list the four statuses that a check can have
9. you have to maintain customer bank details manually in the master record to
ensure that as many incoming payments are assigned as possible
The financial statements
1.Two steps to define financial statement versions are
2. a financial statement version consists of maximum nine hierarchy levels a) true b)
false
3. we cannot assign account group according to balance a) true b) false
4. drill down report is a tool that enables to analyze sub ledger transaction figures
only a) true b) false
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5. individual value adjustment for doubtful receivables are possible through
a. special G/L transactions
b. normal transactions
6. to set up the financial statement version in your company, maximum limit is 9 a)
true b) false
7. it is a real problem in SAP in financial statement version we are not able to find
the G/L accounts which are not assigned a) true b) false
8. MIS reports based on financial books like ratios can be done through financial
statement version a) true b) false
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FI PAPER 15
Receivables and Payables
1.the view maintained for vendor master data are
a. general data, company code data
b. general data, company code data, purchasing data
c. general data, company code data, business area data
d. general data, company code data, business area data, plant data
2. group key assigned to vendor master records control the following
a. it is a combination of up to three fields based on which open invoices are
selected for automatic payment
b. basis for grouping several vendors for balance display
c. basis for classifying vendors for standard reporting
d. it is a combination of up to three fields on which open invoices are selected for
manual payment
3. posting through a special ledger indicator affects
a. the main reconciliation account of vendor/customer
b. alternative reconciliation account mapped to the main reconciliation of
vendor/customer
c. alternative reconciliation account and main reconciliation account of
vendor/customer
d. offsetting entry to main reconciliation account of vendor/customer
4. check management with respect to outgoing payments is possible for open items
for
a. vendors
b. vendors and customers
c. vendors, customers and G/L accounts
d. vendors and G/L accounts
5. if you do not want to enter a document with provision for updating ledger on
approval from authorized officials, you can use following functionality
a. parked document
b. sample document
c. account assignment model
d. recurring document
6. accounting for down payment request involves
a. statistical items
b. parked items
c. noted items
d. regular items
7. business area is determined for accounting documents generated automatically
from logistics module based on
a. plant-division combination
b. plant-division-distribution channel combination
c. plant-sales area combination
d. plant-division combination and sales area
8. when you carry out regrouping through AR/AP, following activities are performed
a. reclassify where debtors have credit balance and vice versa
b. reclassify open items by remaining life
c. reclassify by changed reconciliation accounts
d. all of the above
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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
a.
b.
c.
d.
SAP, a bill of exchange receivable item is cleared during

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

a. customer, vendor, G/L
b. customer, vendor, G/L, asset, material
c. customer, vendor
d. customer, vendor, asset
14. when several organizational units carry out dunning within a single company
code, SAP entity used to distinguish and control the process is called
a. dunning procedure
b. dunking key
c. dunning clerk
d. dunning area
15. if you do not want to dun beyond a particular level
a. use dunning key to limit the maximum level
b. use dunning block on vendor master
c. use dunning clerk to block dunning
d. use dunning block on the dunning procedure
16. if you want to choose a different set of fields in a vendor account line item
display, you choose a different
a. sort variant
b. totals variant
c. line layout
d. additional field
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FI PAPER 15
Profit and loss
1.Foreign currency valuation is possible
a. only on vendor/customer open items
b. only on balance sheet items (G/L accounts)
2. when we are valuating open items, without update for reversal of the adjustmentposting after key date, user can define another posting date in place of key date + 1
a) true b) false
3. when we have regrouped the receivables/vendors, system carries out adjustment
postings a) true b) false
4. allocating costs to FI through external settlement the G/L is updated on line / real
time a) true b) false
5. depreciation posting can be executed
a. through batch input session
6. physical inventory is an MM/PP module transaction and hence no accounting entry
is passed in G/L but real stock is adjusted in MM/PP a) true b) false
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FI PAPER 15
KEY
mySAP Business Suite overview
1. extend rather than replace
2. a,b,c,d
3. c
4. business application programming interface
5. false
6. BW, CRM, APO, B2B, SCM, KW
7. market place, work place
Navigation
1. false
2. a,d
3. a,b,d,e,f
4. a,e
5. d
6. true
7. a,b,d,f
8. between 2 and 6 sessions
9. the function is called user list; code is sm04
10. d
11. a,b
12. d
13. presentation server; application server; database server
14. /n
15. system_menu
16. F1
Overview of
1.
2.
3.
4.
5.
financial accounting
a,b,c
d
c
a,d
false
Basic settings
1. false
2. calendar year: 01, K1, K2, K3, K4; year specific: AA,AM,RI,UL,WK
3. I) if start and end date of posting periods differ from year to year; ii) if
one fiscal year has fewer posting periods than the other (shortened
fiscal year)
4. inversion, base currency, exchange rate spreads
5. currency keys
6. M-average rate for posting and clearing; G-buying rate; B-selling rate
7. a,b
8. a,b
9. c
10. a
11. a,b,c
12. c
13. client
14. controlling area
15. false
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FI PAPER 15
16. four character
17. false
18. true
19. company code, coa
20. group
21. client
22. true
23. purchasing, plant
24. a. PO; b. GR; invoice verification
25. operating concern
26. true
27. billing
28. asset class
29. depreciation
30. true
31. document line items
32. external
33. year dependent
34. true
35. client
36. true
37. true
38. false
39. true
40. expense, revenue
41. tax rate
42. K,D
43. true
44. company, consolidated business area
Master records
1. coa segment, company code segment
2. hide, display, required entry, optional entry
3. chart of accounts
4. account group
5. reconciliation accounts
6. false
7. false
8. true
9. false
10. true
11. true
12. general data, co.code segment, sales area segment
13. general data, co.code segment, purchasing organization segment
14. false
15. false
16. internal
17. centrally
18. external; internal/external
19. four (accounting information, payment transactions, correspondence
and insurance (customer account) or withholding tax (vendor account)
20. a
21. b,c,d
22. a,b
23. b
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FI PAPER 15
24. a
25. b
26. a,c,d
27. c
28. b,c
29. b,c
30. b,c
31. true
32. true
33. false
34. true
35. false
36. true
37. false
38. false
39. false
40. true
41. year dependent; year independent
42. true
43. c
44. b
45. c
46. c
47. b
48. a
49. d
50. c
51. a
52. b
53. b
54. c
55. d
56. a
57. d
Document control
1. no. ranges for document nos.; account types permitted for postings
2. external
3. external
4. false
5. true
6. false
7. true
8. you specify a no. range for each document type. One no. range can be
used for several document types
9. determination of which account type can be posted to; side of the
account (dr/cr); the field status of additional details
10. field status group, posting key
11. hidden; required entry; error
12. debit, posting key 40; credit, posting key 50
13. true
14. field status
15. G/L account
16. company code
17. valid for all accounts
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FI PAPER 15
18. G/L accounts
19. false
20. false
21. false
22. a,b
23. a,b,c,d
24. all false
25. a, c
26. false
27. false
28. false
29. false
30. false
31. true
32. document header, line items
33. external
34. year dependent
35. true
36. false
37. ..
38. false
Posting control
1. user master records; parameter memory; system data; account master
record; accounting functions
2. normal reversal posting; reversal by negative posting
3. the company code must allow negative postings; the reversal reason
must be defined for negative posting
4. true
5. false
6. true
7. company code, sales area
8. base line date
9.
10. cash discount clearing account; cash discount loss account
11. cash discount revenue account; cash discount expense account
12. taxation at national level; taxation at regional/jurisdictional level
13. rules, posting key, tax accounts
14. central purchasing; central payment
15. true
16. false
17. false
18. true
19. the cross company code transaction no. is a combination of document
no. in 1st company code, first company code no., and the fiscal year
20. a
21. b
22. false
23. false
24. true
25. true
Clearing
1. account clearing; post with clearing

2. true
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FI PAPER 15
3. false
4. true
5. true
6. false
7. account clearing
8. posting with clearing
9. residual item
10. partial payment
11. true
12. true
13. a single G/L account can be used for all currencies and currency types;
a single G/L account can be used per currency and currency type; a
single G/L account can be used per currency; a single G/L account can
be used per currency type
14. a,c,d
15. true
16. true
17. true
18. false
19. true
Special G/L transactions
1. true
2. false
3. true
4. false
5. false
6. false
7. false
Automatic payments
1. maintain parameters; proposal run; editing proposal; payment run;
printing payment media
2. all company codes, paying company codes; payment method/country;
payment method/company code; bank selection; house banks
3. parameters
4. next posting date
6. payment parameters
7. false
8. true
9. true
10. a,b,c
11. a,b,c
12. a
13. a,b
14. a
15. b,c
16. b
17. a
18. true
19. false
20. true
21. true
22. false
23. true
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FI PAPER 15
24. false
25. false
26. true
27. false
28. false
29. true
30. true
31. true
32. false
33. false
34. base line date
35. sales area
Automatic dunning
1. maintain parameters; proposal run; editing the dunning proposal;
printing dunning notices
2. false
3. true
4. true
5. false
6. true
7. account not contained in parameters; items are within grace period;
items/accounts blocked for dunning; overdue amount < min amount;
items can be cleared with overdue items on credit side; .
8. account selection; line item dunning; account dunning
9. true
10. false
11. false
12. false
13. true
14. true
15. true
16. true
17. true
18. false
19. a,b,c
20. a,c
21. a,b
22. c
23. false
24. a,c
25. a,b,c
Correspondence
1. true
Interest calculation
2. true
3. false
4. true
5. account balance interest calculation; item interest calculation (interest
on arrears)
6. a 2-character interest indicator and an interest calculation type. A
name for the interest calculation indicator is useful but not mandatory
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FI PAPER 15
7. b
Country specifics
1.
2.
3.
4.
5.
6.
vendor invoice; payment document; checks

manual check; auto payment program-RFFOUS_C or RFFOD_S
true
true
false
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
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31
Financial Accounting-Topic Wise Questions
Time 120 minutes

Chart of Accounts
1. A chart of accounts ( Multi )
a.
b.
c.
d.
can be allocated to multiple company code

can be defined as the group chart of accounts
only contains definitions for G/L accounts
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.
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d. A business area and a company code are assigned to each other in the corporate
structure IMG
7. The productive indicator in the Company Code controls the following.
a. Blocks Implementation Guide menu 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.
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e. Information on each screen may be defined in configuration as mandatory,

suppressed or optional, depending upon the company code.
13. Which of the following statements are correct?
a. A FI customer master is divided by client level and company code level.
b. In case of one-time customer you have to enter the customers address in the
document itself.
c. Address, control data, and reconciliation account are included in the client level of the
customer.
d. The most efficient way to create master records is to work with the external number
range not internal number range.
14. Which of the following statements are correct?
a. If a customer is also a vendor, the system can include outstanding Accounts
Receivable invoice items in payment program.
b. If a customer is also a vendor, the system can include outstanding Accounts Payable
invoice items when you clear incoming payment receipts for the customer.
c. The reconciliation account defined on the customer master record is an account used
to reconcile CO transactions back to FI.
d. All customer belonging to the same account group must be assigned to the same
reconciliation account.
e.
The alternative payer is used to transfer outstanding receivable item to the
alternative payers account.
15. Which of following statements are correct? [mul]

a. The customer master data comparison the customers in the legacy system with the
customers in the R/3 System.
b. The customer master data comparison compares which master records are already
created in financial accounting but not yet created in sales and distribution.
c. The customer master data comparison compares which master records are already
created in purchasing but not yet in sales and distribution.
d. The customer mater data comparison checks whether the customer master record
contains a telephone number.
Vendor 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
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d. A vendor down payment request is a noted item.

e. A vendor down payment is cleared after final invoice is received from vendor.
19. Which is correct.
a. Customer master is divided only by client level & co. code level.
b. In case of one time customer customer address in entry.
20. Which is correct.
a. If a customer is also a vendor system includes outstanding account receivables
invoice items in the payment program.
b. If a customer is also a vendor system includes outstanding account receivables
invoice items in the clearing.
21. Which of the following statement affect creating customer master records are correct.
a. An account group gets assigned to customer
b. Co. code is always a reqd entry.
c. Account number may be assigned externally.
Automatic Payment Program
22. Which of the Following statements about automatic payment are correct ?
a. In automatic payment procedures, all incoming invoices as of the second dunning
level are paid 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
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d. You can specify by bank and method the anticipated number of days before the bank
account is debited
e. You can determine the banks to be used for payments according to postal code
26. Which of the following factors does the systems take into account in a payment run ?
a. Fiscal year 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)
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a. One time accounts must use an account group which has been defined specifically
for one time accounts.
b. A one time account group must use a different number range from all other account
Groups.
c. The vendors name and address are not held in the one time account master record.
d. Credit memos cannot be created for a one time vendor account.
e. You cannot change a one time account master record once it has been created.
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.
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37. Which of the following statements are correct regarding Internal Orders?
a. Once an order has been released, only closing entries can be made.
b. Transactions can be allowed or disallowed depending in the order status.
c. Additional order status categories can be created in the order master.
Environment
38 That system tool allows you to add graphics, re-arrange fields, add pushbuttons and change
input fields into radio buttons?
a. 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
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e Local & transaction currency.

Posting Period
44. Where are posting periods defined?
a. Posting period variant.
b. Fiscal year variant.
c. Field status variant.
d. Closing period variant
Document Control
45 Which of the following statements supports the reversal of a document?
a. The original document contains no cleared line items.
b. Documents originating in other modules should be corrected there to allow the
changes to flow naturally through to financial accounting.
c.
If a reversal date is not specified, the system reverses the document using the
posting date of the document to be reversed.
d. A new document number is created for the reversal document.
46 Choose the correct statements regarding recurring documents.
a. When creating a recurring document, the valid time period must be defined.
b. The posting date is determined by either the run date or the run schedule.
c. Field values can be changed in recurring document.
d. After running the recurring document posting, the next run date cannot be
displayed.
e. The original recurring document can be deleted from the batch input menu.
47. bulk change of line item - this function allows you to change a whole group of line items
simultaneously, instead of having to change individual items in the documents. What data
can you change using this function?
a. The reconciliation 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.
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d. The field status definitions determine the screen layout, when you enter a
document using the relevant G/L account.
e. The document type controls which company code is used in a G/L posting.
50. What controls whether a line item is a debit or credit and specifies the type of account for a
line item. (Single)
a. Posting key.
b. Document type
c. Account group
d. Field status
51. What controls the number assignment assigned to a financial document in R/3 (single).
a. The number range assigned to the account group.
b. The number range assigned to the document type
c. The number range assigned to the Posting key
d. The field status group
52. Closing of period is controlled by. (Single).
a. Posting Period variant.
c. Field status variant.
d. Closing period variant.
53. Where are the posting period defined. (Single)
a. Posting period variant.
c. Field status variant
d. Closing period variant
54. What is the difference between distribution and assessments?
a. Distribution can be made for both planned and actual figures; assessments
cannot.
b. Distributions can be made using statistical key figures; assessments cannot.
c. Distributions are used when the original cost information is necessary on the
receiver; assessments are used when this information is not necessary on
the receiver.
d. Distributions are made using the original primary cost elements;
assessments are made using secondary cost elements.
55. Out of the following select the right answers
a. Cost element category controls FI posting only.
b. Cost element is a must for all GL accounts
c. All P&L GL accounts except tax accounts should be cost element.
d. All cost elements are linked to Activity type.
56. Activity types can be
a.
b.
c.
d.
e.
restricted for a single cost center directly

created for a restricted period only
created with primary cost element assignment
All activity types are used in Cost center planning without any restriction.
Planning of price is done for a activity for all cost centers
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57. Select out of the following which statements are correct.

a. Cost center can be defaulted in all FI line items in all GL 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.
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e. In order to be able to manage line items as open and cleared, the sort key must
be defined as the document number.
62. When you create a G/L account the following entries must always be assigned to the 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.
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1. A chart of accounts ( Multi Choice)

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. A client. ( Single Choice)

A. may only contain a single chart of accounts
B. may contain multiple charts of accounts
C. may only use one currency type
D. may only have one controlling area
3. Identify the correct statement(s) relating to how the main business processes are
integrated in the SAP R/3 System. ( Multi Choice)
A. A purchase requisition is a documented request to purchase goods or services. In
SAP it can be created manually or automatically.
B. 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
C. 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.
D. In SAP, payment processing reduces the liability to a vendor and a company's
cash balance, records discounts taken and disburses
payment.
E. 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.
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4. Identify the correct statement(s) regarding organizational elements within the R/3
System. ( Multi Choice)
A. The Sales area combines the sales organization, distribution channel, and
division.
B. The Purchasing Organization is responsible for the purchasing for the only one
plant.
C. A plant is a location in which inventory quantities and values are stored or
manufactured.
D. A Controlling area can comprise several company codes using different chart of
accounts but must operate in the same currency.
E. A profit center is used to generate income statements and operating profit
statements.
5. 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
6 . Which of the following statements about year-end closing are correct?(Multi)

A. You carry out year-end closing before the fiscal year change.
B. During year-end closing, the program checks if the year-end closing can be
carried out.
C. Once the year-end closing was successfully completed, the system automatically
changes certain entries in Customizing (closed fiscal year)
D. You cannot create and post to new fixed assets until The year-end closing is
successfully completed
E. You can only conduct year-end closing on June 30 or December 31 of each year.
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7. What steps have to be completed before you can generate asset classes form G/L
accounts? (Multi)
A. Account selection
B. Account determinations
C. Number range intervals
D. Screen layout variants
E. Asset classes
8. For each depreciation area you need to specify whether you want to (Multi)
A. post depreciation at periodic intervals to the general ledger
B. post asset values at periodic intervals
C. automatically post values online
D. use index classes
E. post to business areas
9. Please click on the button next to the correct answer.(Multi)

A. The business area can run across many company codes, i.e. all company codes
can post in all business areas.
B. A company code may belong to more than One Controlling Area.
C. Each company codes uses exactly one chart of accounts and one chart of
depreciation.
D. Business areas are used to create internal balance sheets and income
statements.
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10. The time of the first acquisition posting to the asset sets the following fields in
the master of asset(Multi)
A. the depreciation start date per depreciation area
B. the cost enter to be hit through depreciation
C. the date of capitalization
D. the depreciation key
11. Usually one Chart of Depreciation is defined for each country. At which level is
the chart of Depreciation created?(Single)
A. at Company Code level
B. at Client level.
C. at Chart of accounts level.
D. at Business area level.
E. at System level.
12. What are the functions asset class?(Multi)

A. Asset number assignment.
B. Cost Center determination.
C. Screen layout
D. Account allocation
E. Definition of default value.
13. Integration with MM: An asset purchase order is created in Purchasing. The
goods receipt is posted on a value basis. Invoice verification then posts the invoice.
What is the name of the auxiliary account used for all of these transactions?(Single)
A. MM/FI clearing account.
B. GR/IR clearing account.
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C. Asset purchasing clearing account.

D. Asset acquisition clearing account.
E. Vendor asset acquisition clearing account
14. What additional functions do asset classes offer?(Multi)

A. Specify required entry fields for asset master data
B. Enter default values for asset master data
C. Enter default values entries for depreciation area
D. Enter allowed entries for user fields
E. Define allowed company codes
15. Which of the following statements about manual depreciation (for example
unplanned depreciation in FI-AA) area true?(Multi)
A. You cannot post manual depreciation in FI-AA.
B. Manual depreciation is posted immediately after entry(real time).
C. Manual depreciation is initially shown as a planned value after entry and only
posted when the depreciation posting report is run.
D. Manual depreciation usually only applies to depreciation areas which you choose
when you enter the document.
E. After entering manual depreciation in FI-AA., you also need to enter it manually in
FI/CO.
16 .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 ?(Single)
A. Payment advice
B. Payment notice
C. Account statement
D. Dunning notice
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17. Which of the Following statements about automatic payment are correct ?
(Multi)
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
18. 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 (Multi)
A You store variants for print programs within customizing. Here you can specify
that the information is to be output to a data carrier
B. You specify, per house bank, whether payments are to be made by check only or
also by transfer
C. You specify the payment method from within the application,in the master record
D. The payment proposal of the automatic payment program can only be displayed
E. You can precisely schedule the print program from within the application
19. According to which criteria does the payment program determine and select
open items (Single)
A. posting date and baseline date
B. document date and posting date
C. baseline date and payment terms
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D. posting date and cash discount periods

E. posting date and payment terms
20. Which of the following statements are true with regard to the customizing
setting for banks in the automatic payment run ? (Multi)
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
21. Which of the following factors does the systems take into account in a payment
run ?(Multi)
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
22. Which of the following statements are correct ?(Multi)

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
Page 128
configuration
E. A house bank can be assigned to a business area within the payment program
configuration
23. When entering a document using a foreign currency, which date is used to
determine the exchange rate if the translation date is not entered ?(Single)
A. Posting date
B. Document date
C. Entry date
D. Baseline date
24. where are posting periods defined?(Multi)

A. Posting period variant.
B. Fiscal year variant.
C. Field status variant.
D. Closing period variant.
25. which of the following statements supports the reversal of a document?(Multi)

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.
Answers for SAP FI/CO Certification Sample Questions
Question:
Which of the following statements are correct?
Answer:
Page 129
A More than one chart of accounts can be created for each client
B
The chart of accounts contains all the G/L accounts, vendor accounts and
customer accounts
C More than one company code can be allocated to the same chart of accounts
D The chart of accounts controls all the customising settings in the R/3 system
E All accounts within a chart of accounts must have the same tax code
Question:
What status reports does Cash Management and forecasting include?
Answer:
A. Cash management position
B. Liquidity forecast
C. Credit limit report
D. G/L account balances
E. Bill holdings
Question:
Which of the following are clearing procedures in accounts receivable?
Answer:
A. Incoming payment
B. Down payment request
C. Credit memo
D. Transfer posting
Question:
When creating an Overhead Cost Order, the first order information which must be
entered is:
Answer:
A. Order status
B. Order type
C. Settlement type
D. Curreny
E. Classification code
Question:
When creating an Overhead Cost Order, the settlement rule must be entered in the
control data.
Which settlement receivers are available for internal orders?
Answer:
A. Cost center
B. Orders
C. General ledger accounts
D. Asset
E. Vendor
Question:
Page 130
In Controlling, a distinction is made between master data, planning, actual data and
the information system.
Which of the following master data belongs to Controlling?
Answer:
A. G/L account
B. Work center
C. Cost center
D. Activity type
E. Supplier
Question:
Withing Overhead Cost Controlling activities are calculated. A Sender/Receiver
relationship exists. However, not all Sender/Receiver combinations are allowed.
Which of the following combinations make business sense?
Answer:
A. Sender. Cost Center, Order, Project
Receiver. Cost Center, Order, Project
B. Sender. Order
Receiver. Cost Center, Project
C. Sender. Cost Center
Receiver. Cost Center, Order, Project, Cost Object
Question:
Period closing activities are also performed in Controlling. This is dependent on
certain prerequisites. Which of the following are MINIMUM criteria before it makes
sense to carry out period closing?
Answer:
A. The posting period has been closed.
B. Materials have been withdrawn.
C. Personnel costs have been incurred.
D. Overhead has been incurred.
E. An order was closed.
SAF FI Technical Interview Questions 1
1. Tell me about FI Organizational structure?
Ans:
Client
|
Operating Concern
|
Controlling area1
Controlling Area 2
|
Co. Code 1 Co. Code 2
|
Bus area 1 Bus area2 Bus Area3 Bus Area 4
Page 131
2. How many Normal and Special periods will be there in fiscal year, why do u use
special periods?
Ans: 12 Normal posting period and 4 special periods are in the fiscal year which can
be used for posting tax and audit adjustments to a closed fiscal year.
3.Where do you open and close periods?
Ans: PPV is used to open and close the periods based on a/c types considering GL
Accounts. Tr. Code. OB52.
4.What do you enter in Company code Global settings?
Ans: 4 digit Alphanumeric key.
Name of the company
City
Country
Currency
Language
Address
5.What is document type, and what does it control? Examples.
Ans: Document type is nothing vouchers containing line items. Several business
transac! tions can be identified within a particular document type.
It controls the document number ranges.
It controls the Header part of document
IT controls the line item level of the document
Helps filing of physical document
6. What is posting key and what does it control?
Ans: These are special classification keys. Two character numerical key it controls
the entry of line items.
Posting key determines Account type, Debit/credit posting, Field status of
transaction.
7. What is field status group, what does it control?
Ans: FSG is mandatory field in ! GL Creation. You use this field to define which fields
are displayed when you post business transactions to a G/L account.
A field may have one of the following statuses.
- Suppressed
- Display
- Optional
- Required
8. What is chart of account and how many charts of accounts can be assigned to a
company?
Ans: Chart of account is a list of all G/L accounts used by one or several company
codes.
For each G/L account, the chart of accounts contains the account number, account
name, and the information that controls how an account functions and how a G/L
account is created in a Company code.
Page 132
You have to assign a chart of accounts to each company code. This chart of
accounts is the Operating chart of accounts and is used for the daily postings in this
company code.
You have the following options when using multiple company codes.
You can use the same chart of accounts for all company codes
If the company codes all have the same requirements for the chart of accounts set
up, assign all of the individual company codes to the same chart of accounts. This
could be the case if all company codes are in the same country.
In addition to the operating chart of accounts, you can use two additional charts of
accounts If the individual company codes need different charts of accounts, you can
assign up to two charts of accounts in addition to the operating chart of accounts.
This could be the case if company codes lie in multiple countries.
The use of different charts of accounts has no effect on the balance sheet and profit
and loss statement. When creating the balance sheet or the profit and loss
statement, you can choose whether to balance the co! mpany codes which use
different charts of accounts together or separately.
9. What does definition of a chart of account contains?
Ans: chart of account key
Name
Maintenance language
Length of the GL Account Number
Controlling Integration
Group chart of accounts (Consolidation)
Block Indicator
10. Can one COA be assigned to several companies?
Ans: yes. One COA can be assigned to several companies.
11) What is account group and what does it control?
Ans: Account group determines which fields you can configure on the G/L master
record. It is necessary to have at least two one for B/S and another one for P&L a/c.
It controls the Number ranges of GL A/C.
The status of fields of the master record of GL belongs to company code area.
12) What is reconciliation account; can you directly enter documents in that a/c?
Ans: When you p! ost items to a subsidiary ledger, the system automatically posts
the same data to the general ledger. Each subsidiary ledger has one or more
reconciliation accounts in the general ledger.
We cant use reconciliation account for direct postings.
13) How do you control field status of GL master records and from where do you
control!
Ans: Field status variant is maintained all FSGs.
14) What are the segments of GL master record?
Page 133
Ans:
- COA Segment
A/C group
Nature of account
Short text
GL a/c long text
Trading partner
Group Account Number
- Company code segment
Account currency
Tax
Reconciliation a/c for a/c type
OIM,LID,FSG.
15) What does Field status group assigned to a GL master record controls?
Ans: It controls the account assignments that are made to the account. Specifically
the field status group controls whether postings to cost centers, internal orders,
profitability segments and so on are required, not allowed (suppressed), or optional.
16) What is Country and operational chart of account? Why do you use group chart
of account?
Ans: Operational chart of account Day to day activities It is mandatory.
Country COA Its used for legal specific requirement of each country. Its additional
and optional.
Group COA used for consolidation of Company codes. This is for group consolidation
purpose.
17) What are all the segments in a Customer/Vendor master record?
Ans: Segments in Customer
Segments in Vendor
General Data segment
General data segment
Company code segment
Company code segment
Sales area segment
Purchasing organization Segment
18) What is open line item management? What do you mean by clearing open line
items?
Ans: Open item management is further reconciliation function. OIM allows you to
display the open and cleared items and amounts in an account. OIM should be used
if an offsetting entry is made for every line item posted in the account. The a/c is
reconciled and cleared against another account. Ex. Salary clearing account and
GR/IR Clearing account.
19) What is residual payment and part payment?
Ans: Residual payment it clears original invoice with incoming amount and create
new line item for remaining outstanding amount.
Partial payment it leaves the original invoice amount and creates new
line item for incoming amount.
20) What is internal and external number ranges?
Page 134
Ans: Internal Number Ranges: Doc. No will be provided by the system automatically
in serial order allotting the next available progressive number. The number must be
in numerical.
External Number ranges: Doc. No will be given manually by the end user. System
will not lock no automatically in this case. User can pick the number randomly.
Number may be an alpha numeric.
1. How can be or in what way baseline date is important in Automatic Payment
Program run?
The Baseline date is used to calculate the due date by taking into account the
payment terms. On the APP, the baseline date helps to pick the relevant invoices for
payment. During the APP run when invoices are pulled into the run, the system
checks the Next Payment Date before picking the invoices to be paid.
2. Please tell me the procurement cycle how it works?
Procurement cycle a sales order is placed on a requirement made by a customer,
after which it is passed on to create a purchase order (this could either happen
based on the requirements on the SO, or a planned SO). the value flow gets passed
on to FI at the time of goods movement. In the case of SD, the impact on FI happens
only at the time of billing.
3. Difference between Depreciation ,Accumulated Depreciation and APC?
What is APC?
Depreciation a decrease in the value of an asset due to wear and tear
Accumulated Depreciation the total amount of depreciation calculated on a
particular asset.
APC refers to Asset transactions other than depreciation
4. What is GR/IR?What journal entries we should pass for this?
The GR/IR the goods receipt/Invoice Receipt account is used to post to whenever
goods that are not yet invoiced have been received or when invoices arrive b4 the
the delivery of goods.
During the time between the invoice being created and delivery of goods, there can
be a timing difference, in order to accommodate this timing difference, a GR/IR
account is maintained temporarily to record the flow .
5. What are the accounting entries take place in MM and SD?
Value from MM to FI is defined in OBYC. on the material master the flow of values
are assigned on the Costing, acctg, etc tabs where the system helps to post the
necessary stock values into the appropriate GL accounts. helps to determine, the GL
accounts updated when there is a movement of goods.
SD-FI - VKOA
Page 135
6. Can we assign one Controlling area to two different Company Codes (but the
company codes having different
fiscal years/different currencies
Company code should have same financial year, may have different currencies.
You can assign 2 or more company codes to one controlling area as long as the
chart of accounts are same. Furthermore, if you have different fiscal year variant in
the company code, then make sure that the number of period remain the same.
7. While posting transaction, can we give cost centre / production order at time.
Yes it is posiiable , but in such situation cost centre will be real and production order
is stastical.
If you assign both cost center and Prd Order then since Prod. Order are real co
object, Cost center entry would be statistical.
8. Which Master data uploads will be done?
The question is not very clear. If you are talking about CO Master data. Then Cost
center need to be uploaded. You can use Data Transfer Workbench or write abap for
it.
9. Can we run Payment Programe giving ( Hdfc
Payment run programe?
vendor detailes ) City bank in
Yes can be possible , this can resolved through ranking order and bank optimization
in FBZP.
You use use further selection in proposal paramater, if you would like to filter the
open item based on the city
10. What does document header control?
Field status.
11. After entering a document can you delete the entry? Can you change the
document?
Which fields can/not is changed?
Document header cannont be changed, after posting the document you cannot
change. only if you want to change the document the reseversal entry.
12. What is a special GL transaction?
The transaction other than A/P and A/R is called the special g/l transaction for ex:
Bills of exchange, Interest payable , aqusition
13. How do you reverse cleared documents?
Page 136
By doing reversal posting.

14. What is base line date? Why is that used? Can this be changed?
For paymentterms it is used. base line date is the due date.
15. How many statistical objects can be selected in when you post an FI document?
Where CCtr, PCtr, OM are active?
Only two.
Some Important Tcodes for FI GL AR AP Asset
T Codes Details
Financial Accounting
SPRO Enter IMG
OX02 Company Code - Create, Check, Delete
OX03 Create Business Area
OKBD Functional Areas
OB45 Create Credit Control Area
OB29 Maintain Fiscal Year Variant
OB37 Assign Co. Code to Fiscal Year Variant
OB13 Creation of Chart of Account (CoA)
OBY7 Copy Chart of Account (CoA)
OBY9 Transport Chart of Account
OBD4 Define Account Group
OBY2 Copy GL Accounts from the Chart to Co. Code
OB53 Define Retained Earnings
OB58 Maintain Financial Statement Versions
OBC4 Maintain Field Status Variant
OBBO Define Posting Period Variant
OBA7 Define Document Type & Number Ranges
OB41 Maintain Posting Keys
OBA4 Create Tolerance Groups
FBN1 Create GL Number Ranges
OBL1 Automatic Posting Documentation
FBKP Automatic Account Assignment
OBYC MM Automatic Account Assignment
OBY6 Enter Global Parameters
FS00 Creation of GL Master Records
(F-02) Posting of GL Transactions
(FB03) Display of GL Document
(FS10N) Display of GL Accounts
OB46 Define Interest Calculation Types
OBD3 Define Vendor Account Group
(XK01) Creation of Vendor Master
(F-43) Purchase Invoice Posting
(FK10N) Display Vendor Account
F112 Define House Bank
OBB8 Maintain Terms of Payment (ToP)
Page 137
OBD2 Creation of Customer Account Group

OBA3 Customer Tolerance Groups
(XD01) Creation of Customer Master
(FD10N) Display Customer Account
(F-28) Incoming Payment Posting
OB61 Define Dunning Area
EC08 Copy Reference Chart of Depreciation (CoD)
OADB Define Depreciation Area
OAOB Assign Chart of Depreciation to Co. Code
OAOA Define Asset Class
AO90 Assignment of Account in Asset Class
OAY2 Determination of Depreciation Area in Asset Class
(AS01) Creation of Asset Master
(AS11) Creation of Sub Asset
(F-90) Asset Purchase Posting
(AFAB) Depreciation Run
(F-92) Asset Sale Posting
(AW01N) Asset Explorer
Explain the difference between INVOICE and BILLING in SAP.
Both are same in SD point of view.
- In SD terminology we call as Billing Document and
- In FI terminology we call as INVOICE.
- In MM again only INVOICE will be there for Vendors.
Invoice is document indicating to delivery goods and Billing is a receipt of payment.
If we receive the goods from vendors that is called bill if we give the goods to
customer that is called invoice.
Bill means we have to pay the amount against bill invoice means we have to receive
the amount against invoice.
Invoice is for both : Vendor Invoice and Customer Invoice.
Billing Tcodes:
- VF01 create billing document. The delivery order comes up auto.
- VF02 the billing doc comes up auto . View the accounting enteries
Invoice Tcodes:
- FB60 Create invoice with respect to rawmaterial and tax.
- FB70 Invoice entries with respect to sales and tax
SAP FI Transaction Code List 1
How to reverse a cleared documents?
The following procedure is to be followed to reverse the cleared document.
1. Reset the cleared document and reverse the document.
Path # Accounting --> financial Accounting --> C/L --> Document--> Reset Cleared
items - T. code : FBRA
Page 138
In this screen select resetting and reverse radio button

reason. : 01 and save the settings.
*-- Maddipati
F-01 Enter Sample Document
F-02 Enter G/L Account Posting
F-03 Clear G/L Account
F-04 Post with Clearing
F-05 Post Foreign Currency Valuation
F-06 Post Incoming Payments
F-07 Post Outgoing Payments
F-18 Payment with Printout
F-19 Reverse Statistical Posting
F-20 Reverse Bill Liability
F-21 Enter Transfer Posting
F-22 Enter Customer Invoice
F-23 Return Bill of Exchange Pmt Request
F-25 Reverse Check/Bill of Exch.
F-26 Incoming Payments Fast Entry
F-27 Enter Customer Credit Memo
F-29 Post Customer Down Payment
F-32 Clear Customer
F-33 Post Bill of Exchange Usage
F-34 Post Collection
F-35 Post Forfaiting
F-36 Bill of Exchange Payment
F-37 Customer Down Payment Request
F-38 Enter Statistical Posting
F-39 Clear Customer Down Payment
F-40 Bill of Exchange Payment
F-41 Enter Vendor Credit Memo
F-42 Enter Transfer Posting
F-43 Enter Vendor Invoice
F-44 Clear Vendor
F-46 Reverse Refinancing Acceptance
F-47 Down Payment Request
F-48 Post Vendor Down Payment
F-49 Customer Noted Item
F-54 Clear Vendor Down Payment
F-55 Enter Statistical Posting
F-56 Reverse Statistical Posting
F-57 Vendor Noted Item
F-58 Payment with Printout
F-59 Payment Request
F-60 Maintain Table: Posting Periods
Page 139
and give the reversal
F-62
F-63
F-64
F-65
F-66
F-67
F-90
F-91
F-92
F.01
F.02
F.03
F.04
F.05
F.06
F.07
F.08
F.09
F.0A
F.0B
F.10
F.11
F.12
F.13
F.14
F.15
F.16
F.17
F.18
F.19
F.1A
F.1B
F.20
F.21
F.22
F.23
F.24
F.25
F.26
F.27
F.28
F.29
F.2A
F.2B
F.2C
F.2D
F.2E
F.2F
F.2G
F.30
Maintain Table: Exchange Rates

Park Vendor Invoice
Park Customer Invoice
Preliminary Posting
Park Vendor Credit Memo
Park Customer Credit Memo
Acquisition from purchase w. vendor
Asset acquis. to clearing account
Asset Retire. frm Sale w/ Customer
ABAP/4 Report: Balance Sheet
Compact Journal
Reconciliation
G/L: Create Foreign Trade Report
Foreign Currency Val.: Open Items
Foreign Currency Valuation:G/L Assts
G/L: Balance Carried Forward
G/L: Account Balances
G/L: Account List
G/L: FTR Report on Disk
G/L: Create Z2 to Z4
G/L: Chart of Accounts
G/L: General Ledger from Doc.File
Advance Tax Return
ABAP/4 Report: Automatic Clearing
ABAP/4 Report: Recurring Entries
ABAP/4 Report: List Recurr.Entries
ABAP/4 Report: G/L Bal.Carried Fwd
ABAP/4 Report: Cust.Bal.Confirmation
ABAP/4 Report: Vend.Bal.Confirmation
G/L: Goods/Invoice Received Clearing
Customer/Vendor Statistics
Head Office and Branch Index
A/R: Account List
A/R: Open Items
A/R: Open Item Sorted List
A/R: Account Balances
A/R: Interest for Days Overdue
Bill of Exchange List
A/R: Balance Interest Calculation
A/R: Periodic Account Statements
Customers: Reset Credit Limit
A/R: Set Up Info System 1
Calc.cust.int.on arr.: Post (w/o OI)
Calc.cust.int.on arr.: Post(with OI)
Calc.cust.int.on arr.: w/o postings
Customrs: FI-SD mast.data comparison
Reconciliation Btwn Affiliated Comps
Management Acct Group Reconciliation
Create Account Group Reconcil. G/L
A/R: Evaluate Info System
Page 140
F.31 Credit Management - Overview

F.32 Credit Management - Missing Data
F.33 Credit Management - Brief Overview
F.34 Credit Management - Mass Change
F.35 Credit Master Sheet
F.36 Adv.Ret.on Sls/Pur.Form Printout(DE)
F.37 Adv.rept.tx sls/purch.form print (BE
F.38 Transfer Posting of Deferred Tax
F.39 C FI Maint. table T042Z (BillExcTyp)
F.40 A/P: Account List
F.41 A/P: Open Items
F.42 A/P: Account Balances
F.44 A/P: Balance Interest Calculation
F.45 A/P: Set Up Info System 1
F.46 A/P: Evaluate Info System
F.47 Vendors: calc.of interest on arrears
F.48 Vendors: FI-MM mast.data comparison
F.4A Calc.vend.int.on arr.: Post (w/o OI)
F.4B Calc.vend.int.on arr.: Post(with OI)
F.4C Calc.vend.int.on arr.: w/o postings
F.50 G/L: Profitability Segment Adjustmnt
F.51 G/L: Open Items
F.52 G/L: Acct Bal.Interest Calculation
F.53 G/L: Account Assignment Manual
F.54 G/L: Structured Account Balances
F.56 Delete Recurring Document
F.57 G/L: Delete Sample Documents
F.58 OI Bal.Audit Trail: fr.Document File
F.59 Accum.Clas.Aud.Trail: Create Extract
F.5A Accum.Clas.Aud.Trail: Eval.Extract
F.5B Accum.OI Aud.Trail: Create Extract
F.5C Accum.OI Audit Trail: Display Extr.
F.5D G/L: Update Bal. Sheet Adjustment
F.5E G/L: Post Balance Sheet Adjustment
F.5F G/L: Balance Sheet Adjustment Log
F.5G G/L: Subseq.Adjustment(BA/PC) Sp.ErA
F.5I G/L: Adv.Rep.f.Tx on Sls/Purch.w.Jur
F.61 Correspondence: Print Requests
F.62 Correspondence: Print Int.Documents
F.63 Correspondence: Delete Requests
F.64 Correspondence: Maintain Requests
F.65 Correspondence: Print Letters (Cust)
F.66 Correspondence: Print Letters (Vend)
F.70 Bill/Exchange Pmnt Request Dunning
F.71 DME with Disk: B/Excha. Presentation
F.75 Extended Bill/Exchange Information
F.77 C FI Maintain Table T045D
F.78 C FI Maintain Table T045B
F.79 C FI Maintain Table T045G
F.80 Mass Reversal of Documents
Page 141
F.81
F.90
F.91
F.92
F.93
F.97
F.98
F.99
F/LA
F/LB
F/LC
F/LD
F00
F000
F010
F01N
F01O
F01P
F01Q
F01R
F01S
F01T
F040
F041
F042
F043
F044
F045
F046
F101
F103
F104
F107
F110
F111
F13E
F150
F48A
F53A
F53V
F56A
F58A
F61A
F64A
F66A
F8+0
F8+1
F8+2
F8+3
F8B4
Reverse Posting for Accr./Defer.Docs

C FI Maintain Table T045F
C FI Maintain Table T045L
C FI Maintain T012K (Bill/Exch.)
Maintain Bill Liability and Rem.Risk
General Ledger: Report Selection
Vendors: Report Selection
Customers: Report Selection
Create Pricing Report
Change pricing reports
Display pricing reports
Execute pricing reports
SAPoffice: Short Message
Accounting
ABAP/4 Reporting: Fiscal Year Change
Debit position RA single reversal
Vacancy RU single reversal
Accruals/deferrals single reversal
Debit position MC single reversal
MC settlement single reversal
Reverse Periodic Posting
Reverse Acc./Def. General Contract
Reorganization
Bank Master Data Archiving
G/L Accounts Archiving
Customer Archiving
Vendor Archiving
Document Archiving
Transaction Figures Archiving
ABAP/4 Reporting: Balance Sheet Adj.
ABAP/4 Reporting: Transfer Receivbls
ABAP/4 Reporting: Receivbls Provisn
FI Valuation Run
Parameters for Automatic Payment
Parameters for Payment of PRequest
ABAP/4 Report: Automatic Clearing
Dunning Run
Document Archiving
Archiving of G/L Accounts
Management of G/L Account Archives
Customer Archiving
Archiving of Vendors
Bank archiving
Transaction Figure Archiving
Archiving of Bank Data Storage
Display FI Main Role Definition
Maintain FI Main Role Definition
Display FI Amount Groups
Maintain FI Amount Groups
C FI Maintain Table TBKDC
Page 142
F8B6N C FI Maintain Table TBKPV

F8BC C FI Maintain Table TBKFK
F8BF C FI Maintain Table T042Y
F8BG Maintain Global Data for F111
F8BH Inconsistencies T042I and T042Y
F8BJ Maintain Clearing Accts (Rec.Bank)
F8BK Maintain ALE-Compatible Pmnt Methods
F8BM Maintain numb.range: Payment request
F8BN Corr.Acctg Documents Payment Block
F8BO Payment request archiving
F8BR Levels for Payment Requests
F8BS Detail display of payment requests
F8BT Display Payment Requests
F8BU Create payment runs automatically
F8BV Reversal of Bank-to-Bank Transfers
F8BW Reset Cleared Items: Payt Requests
F8BZ F111 Customizing
F8XX Payment Request No. Ranges KI3-F8BM
FA39 Call up report with report variant
FAKA Config.: Show Display Format
FAKP Config.: Maintain Display Format
FAR1 S FI-ARI Maint. table T061A
FARA S FI-ARI Maint. table T061P/Q
FARB C FI-ARI Maint. table T061R
FARI AR Interface: Third-party applicatns
FARY Table T061S
FARZ Table T061V
FAX1 BC sample SAP DE 2.1
FAX2 BC sample 2 SAP DE 2.1
FB00 Accounting Editing Options
FB01 Post Document
FB02 Change Document
FB03 Display Document
FB03Z Display Document/Payment Usage
FB04 Document Changes
FB05 Post with Clearing
FB05_OLD Post with clearing
FB07 Control Totals
FB08 Reverse Document
FB09 Change Line Items
FB10 Invoice/Credit Fast Entry
FB11 Post Held Document
FB12 Request from Correspondence
FB13 Release for Payments
FB1D Clear Customer
FB1K Clear Vendor
FB1S Clear G/L Account
FB21 Enter Statistical Posting
FB22 Reverse Statistical Posting
FB31 Enter Noted Item
Page 143
FB41 Post Tax Payable

FB50 G/L Acct Pstg: Single Screen Trans.
FB60 Enter Incoming Invoices
FB65 Enter Incoming Credit Memos
FB70 Enter Outgoing Invoices
FB75 Enter Outgoing Credit Memos
FB99 Check if Documents can be Archived
FBA1 Customer Down Payment Request
FBA2 Post Customer Down Payment
FBA3 Clear Customer Down Payment
FBA6 Vendor Down Payment Request
FBA7 Post Vendor Down Payment
FBA7_OLD Post Vendor Down Payment
FBA8
Clear Vendor Down Payment
FBA8_OLD Clear Vendor Down Payment
FBB1 Post Foreign Currency Valn
FBBA Display Acct Determination Config.
FBBP Maintain Acct Determination Config.
FBCJ Cash Journal
FBCJC0 C FI Maintain Tables TCJ_C_JOURNALS
FBCJC1 Cash Journal Document Number Range
FBCJC2 C FI Maint. Tables TCJ_TRANSACTIONS
FBCJC3 C FI Maintain Tables TCJ_PRINT
FBCOPY Copy Function Module
FBD1 Enter Recurring Entry
FBD2 Change Recurring Entry
FBD3 Display Recurring Entry
FBD4 Display Recurring Entry Changes
FBD5 Realize Recurring Entry
FBD9 Enter Recurring Entry
FBDF Menu Banque de France
FBE1 Create Payment Advice
FBE2 Change Payment Advice
FBE3 Display Payment Advice
FBE6 Delete Payment Advice
FBE7 Add to Payment Advice Account
FBF1 C80 Reporting Minus Sp.G/L Ind.
FBF2 Financial Transactions
FBF3 Control Report
FBF4 Download Documents
FBF5 Reports Minus Vendor Accounts
FBF6 Document Changes
FBF7 C80 Reports Minus Sp.G/L Ind.
FBF8 C84 Reports
FBFT Customizing BDF
FBIPU Maintain bank chains for partner
FBKA Display Accounting Configuration
FBKF FBKP/Carry Out Function (Internal)
FBKP Maintain Accounting Configuration
FBL1 Display Vendor Line Items
Page 144
FBL1N
FBL2
FBL2N
FBL3
FBL3N
FBL4
FBL4N
FBL5
FBL5N
FBL6
FBL6N
FBM1
FBM2
FBM3
FBM4
FBMA
FBME
FBMP
FBN1
FBN2
FBP1
FBR1
FBR2
FBRA
FBRC
FBS1
FBTA
FBTP
FBU2
FBU3
FBU8
FBV0
FBV1
FBV2
FBV3
FBV4
FBV5
FBV6
FBVB
FBW1
FBW2
FBW3
FBW4
FBW5
FBW6
FBW7
FBW8
FBW9
FBWA
FBWD
Vendor Line Items

Change Vendor Line Items
Vendor Line Items
Display G/L Account Line Items
G/L Account Line Items
Change G/L Account Line Items
G/L Account Line Items
Display Customer Line Items
Customer Line Items
Change Customer Line Items
Customer Line Items
Enter Sample Document
Change Sample Document
Display Sample Document
Display Sample Document Changes
Display Dunning Procedure
Banks
Maintain Dunning Procedure
Accounting Document Number Ranges
Number Range Maintenance: FI_PYORD
Enter Payment Request
Post with Reference Document
Post Document
Reset Cleared Items
Reset Cleared Items (Payment Cards)
Enter Accrual/Deferral Doc.
Display Text Determin.Configuration
Maintain Text Determin.Configuration
Change Intercompany Document
Display Intercompany Document
Reverse Cross-Company Code Document
Post Parked Document
Park Document
Change Parked Document
Display Parked Document
Change Parked Document (Header)
Document Changes of Parked Documents
Parked Document $
Post Parked Document
Enter Bill of Exchange Pmnt Request
Post Bill of Exch.acc.to Pmt Request
Post Bill of Exchange Usage
Reverse Bill Liability
Customer Check/Bill of Exchange
Vendor Check/Bill of Exchange
Bank file to file system (for FBWD)
File to Bank (for Transaction FBWD)
C FI Maintain Table T045DTA
C FI Maintain Table T046a
Returned Bills of Exchange Payable
Page 145
FBWD2 Parameter Transaction for FBWD

FBWE Bill/Exch.Presentatn - International
FBWQ C FI Maintain Table T045T
FBWR C FI Maintain Table T045W
FBWS C FI Maintain Table T046s
FBZ0 Display/Edit Payment Proposal
FBZ1 Post Incoming Payments
FBZ2 Post Outgoing Payments
FBZ3 Incoming Payments Fast Entry
FBZ4 Payment with Printout
FBZ5 Print Check For Payment Document
FBZ8 Display Payment Run
FBZA Display Pmnt Program Configuration
FBZG Failed Customer Payments
FBZP Maintain Pmnt Program Configuration
FC10 Financial Statements Comparison
FC11 Data Extract for FI Transfer
FC80 Document C80
FC82 Document C82
FCAA Check Archiving
FCC1 Payment Cards: Settlement
FCC2 Payment Cards: Repeat Settlement
FCC3 Payment Cards: Delete Logs
FCC4 Payment Cards: Display Logs
FCCR Payment Card Evaluations
FCH1 Display Check Information
FCH2 Display Payment Document Checks
FCH3 Void Checks
FCH4 Renumber Checks
FCH5 Create Check Information
FCH6 Change Check Information/Cash Check
FCH7 Reprint Check
FCH8 Reverse Check Payment
FCH9 Void Issued Check
FCHA Check archiving
FCHB Check retrieval
FCHD Delete Payment Run Check Information
FCHE Delete Voided Checks
FCHF Delete Manual Checks
FCHG Delete cashing/extract data
FCHI Check Lots
FCHK Check Tracing Initial Menu
FCHN Check Register
FCHR Online Cashed Checks
FCHT Change check/payment allocation
FCHU Create Reference for Check
FCHV C FI Maintain Table TVOID
FCHX Check Extract - Creation
FCIWCU BW Customizing for CS
FCIWD00 Download InfoObject text
Page 146
FCIWD10 Download InfoObject hierarchies

FCKR International cashed checks
FCMM C FI Preparations for consolidation
FCMN FI Initial Consolidation Menu
FCV1 Create A/R Summary
FCV2 Delete A/R Summary
FCV3 Early Warning List
FC_BW_BEX
Business Explorer Analyser
FC_BW_RSA1
BW Administrator Workbench
FC_BW_RSZDELETE Delete BW Query Objects
FC_BW_RSZV
Maintain BW Variables
FD-1 Number range maintenance: FVVD_RANL
FD01 Create Customer (Accounting)
FD02 Change Customer (Accounting)
FD02CORE Maintain customer
FD03 Display Customer (Accounting)
FD04 Customer Changes (Accounting)
FD05 Block Customer (Accounting)
FD06 Mark Customer for Deletion (Acctng)
FD08 Confirm Customer Individually(Actng)
FD09 Confirm Customer List (Accounting)
FD10 Customer Account Balance
FD10N Customer Balance Display
FD10NA Customer Bal. Display with Worklist
FD11 Customer Account Analysis
FD15 Transfer customer changes: send
FD16 Transfer customer changes: receive
FD24 Credit Limit Changes
FD32 Change Customer Credit Management
FD33 Display Customer Credit Management
FD37 Credit Management Mass Change
FDCU Loans customizing menu
FDFD Cash Management Implementation Tool
FDI0 Execute Report
FDI1 Create Report
FDI2 Change Report
FDI3 Display Report
FDI4 Create Form
FDI5 Change Form
FDI6 Display Form
FDIB Background Processing
FDIC Maintain Currency Translation Type
FDIK Maintain Key Figures
FDIM Report Monitor
FDIO Transport Reports
FDIP Transport Forms
FDIQ Import Reports from Client 000
FDIR Import Forms from Client 000
FDIT Translation Tool - Drilldown Report
FDIV Maintain Global Variable
Page 147
FDIX Reorganize Drilldown Reports

FDIY Reorganize Report Data
FDIZ Reorganize Forms
FDK43 Credit Management - Master Data List
FDMN
FDOO Borrower's notes order overview
FDTA TemSe/REGUT Data Administration
FDTT Treasury Data Medium Administration
FEBA Postprocess Electronic Bank Statmt
FEBC Generate Multicash format
FEBMSG Display Internet Messages
FEBOAS Request Account Statement via OFX
FEBOFX OFX Functions
FEBP Post Electronic Bank Statement
FEBSTS Search String Search Simulation
FESR Importing of POR File (Switzerland)
FEUB Adjust VIBEPP after EURO conversion
FEUI Real Estate Implementation Guide
FF$3 Send planning data to central system
FF$4 Retrieve planning data
FF$5 Retrieve transmission results
FF$6 Check settings
FF$7 Check all external systems
FF$A Maintain TR-CM subsystems
FF$B Convert Planning Group
FF$C Convert planning level
FF$D Convert business areas
FF$L Display transmission information
FF$S Display transmission information
FF$X Configure the central TR-CM system
FF-1 Outstanding Checks
FF-2 Outstanding Bills of Exchange
FF-3 Cash Management Summary Records
FF-4 CMF Data In Accounting Documents
FF-5 CMF Records fr.Materials Management
FF-6 CMF Records from Sales
FF-7 Forecast Item Journal
FF-8 Payment Advice Journal
FF-9 Journal
FF.1 Standard G/L Account Interest Scale
FF.3 G/L Account Cashed Checks
FF.4 Vendor Cashed Checks
FF.5 Import Electronic Bank Statement
FF.6 Display Electronic Bank Statement
FF.7 Payment Advice Comparison
FF.8 Print Payment Orders
FF.9 Post Payment Orders
FF.D Generate payt req. from advices
FF/1 Compare Bank Terms
FF/2 Compare value date
Page 148
FF/3 Archive advices from bank statements

FF/4 Import electronic check deposit list
FF/5 Post electronic check deposit list
FF/6 Deposit/loan mgmt analysis/posting
FF/7 Deposit/loan management int accruals
FF/8 Import Bank Statement into Cash Mgmt
FF/9 Compare Advices with Bank Statement
FF63 Create Planning Memo Record
FF65 List of Cash Management Memo Records
FF67 Manual Bank Statement
FF68 Manual Check Deposit Transaction
FF6A Edit Cash Mgmt Pos Payment Advices
FF6B Edit liquidity forecast planned item
FF70 Cash Mgmt Posit./Liquidity Forecast
FF71 Cash Position
FF72 Liquidity forecast
FF73 Cash Concentration
FF74 Use Program to Access Cash Concntn
FF7A Cash Position
FF7B Liquidity forecast
FF:1 Maintain exchange rates
FFB4 Import electronic check deposit list
FFB5 Post electronic check deposit list
FFL_OLD Display Transmission Information
FFS_OLD Display Transmission Information
FFTL Telephone list
FFW1 Wire Authorization
FFWR Post Payment Requests from Advice
FFWR_REQUESTS Create Payment Requests from Advice
FF_1 Standard G/L Account Interest Scale
FF_3 G/L Account Cashed Checks
FF_4 Vendor Cashed Checks
FF_5 Import Electronic Bank Statement
FF_6 Display Electronic Bank Statement
Important Tables in SAP FI
Table Name
Description
Important Fields
FBAS
Financial Accounting Basis
BKPF
Accounting Document Header
BUKRS / BELNR / GJAHR
BSEG
Accounting Document Segment
BUKRS / BELNR / GJAHR /
BUZEI
BSIP
Index for Vendor Validation of Double BUKRS / LIFNR / WAERS / BLDAT
/
Documents
XBLNR / WRBTR / BELNR / GJAHR / BUZEI
BVOR
Inter Company Posting Procedure
BVORG / BUKRS / GJAHR /
BELNR
Page 149
EBKPF
GLEBK
FRUN
KLPA
KNB4
KNB5
KNBK
BANKN
KNC1
KNC3
SHBKZ
LFB5
LFBK
LFC1
LFC3
SHBKZ
VBKPF
GJHAR
FBASCORE
KNB1
LFA1
LFB1
SKA1
SKAT
MAHNS
MABER
MHNK
/
Accounting Document Header (docs from
GLSBK / BELNR / GJHAR /
External Systems)
Run Date of a Program
PRGID
Customer / Vendor Linking
NKULI / NBUKR / NKOAR / PNTYP
/ VKULI / VBUKR / VKOAR
Customer Payment History
Customer Master Dunning Data
Customer Master Bank Details
KUNNR / BUKRS
KUNNR / BUKRS / MABER
KUNNR / BANKS / BANKL /
Customer Master Transaction Figures

KUNNR / BUKRS / GJHAR
Customer Master Special GL Transactions KUNNR / BUKRS / GJAHR /
Figures
Vendor Master Dunning Data
LIFNR / BUKRS / MABER
Vendor Master Bank Details
LIFNR / BANKS / BANKL / BANKN
Vendor Master Transaction Figures
LIFNR / BUKRS / GJHAR
Vendor Master Special GL Transactions LIFNR / BUKRS / GJHAR /
Figures
Document Header for Document Parking
AUSBK / BUKRS / BELNR /
Financial Accounting General Services Basis

Customer Master (Company Code)
KUNNR / BUKRS
Vendor Master (General Section)
LIFNR
Vendor Master (company Code Section) LIFNR / BUKRS
G/L Account Master (Chart of Accounts) KTOPL / SAKNR
G/L Account Master (Chart of Accounts SPRAS / KTOPL / SAKNR
Description)
Accounts Blocked by Dunning Selection KOART / BUKRS / KONKO /
Dunning Data (Account Entries)
LAUFD / LAUFI / KOART / BUKRS
KUNNR / LIFNR / CPDKY / SKNRZE /

SMABER / SMAHSK / BUSAB
FI-GL-GL (FBS) General Ledger Accounting: Basic Functions- G/L Accounts
SKAS
G/L Account Master (Chart of Accounts SPRAS / KTOPL / SAKNR /
SCHLW
Key Word list)
SKB1
G/L Account Master (Company Code)
BUKRS / SAKNR
FI-GL-GL (FBSC) General Ledger Accounting: Basic
Functions - R/3 Customizing for G/L Accounts
FIGLREP
Settings for G/L Posting Reports
MANDT
TSAKR
Create G/L account with reference
BUKRS / SAKNR
FI-GL-GL (FFE) General Ledger Accounting: Basic
Functions - Fast Data Entry
KOMU
Account Assignment Templates for G/L KMNAM / KMZEI
Account items
FI-AR-AR (FBD) Accounts Receivable: Basic Functions - Customers
Page 150
KNKA
KNKK
KNKKF1
REGUL
RFRR
FI-BL-PT
Sections
PAYR
Customer Master Credit Management :

Central Data
Customer Master Credit Management :
Control Area Data
Credit Management : FI Status data
KUNNR
KUNNR / KKBER
LOGSYS / KUNNR / KKBER /
Accounting Data A/R and A/P

RELID / SRTFD / SRTF2
Information System
Bank Accounting: Payment (BFIBL_CHECK_D) Transactions General
Payment Medium File
ZBUKR / HBKID / HKTID / RZAWE /

CHECT
PCEC
Pre-numbered Check
ZBUKR / HBKID / HKTID / STAPL
FI-BL-PT-AP(FMZA)Bank Accounting: Payment Transactions Automatic Payments
F111G
FDZA
PAYRQ
Global Settings for Payment Program for MANDT

Payment Requests
Cash Management Line Items in Payment KEYNO
Requests
Payment Requests
KEYNO
What is the table name for G/L Master data, when we create centrally (T.Code FS00)?
As far as general ledger master data is concerned, the following tables are involved
:
Table name : SKB1 : G/L Account Master ( Company Code)
Fields:
BUKRS : Company Code
SAKNR : G/L Account
Table name : SKA1 : G/L Account Master ( Chart of Accounts )
Fields:
KTOPL : Char of Accounts
SAKNR : G/L Account
Table name : SKAT : G/L Account Master Record ( Chart of Accounts : Description )
Fields:
SPRAS : Language
KTOPL : Char of Accounts
SAKNR : G/L Account
Important Tables in SAP CO
Controlling
Table Name
AUSP
Description
Characteristic Values
Important Fields
MANDT / OBJEK / ATINN / ATZHL
Page 151
CO-KBAS
A132
A136
A137
COSC
CSSK
CSSL
KAPS
Overhead Cost Controlling

Price per Cost Center
MANDT / KAPPL / KSCHL / KOKRS
Price per Controlling Area
Price per Country / Region
CO Objects: Assignment of Origina MANDT / OBJNR / SCTYP / VERSN
Cost Center / Cost Element
MANDT / VERSN / KOKRS / GJAHR
Cost Center / Activity Type
MANDT / KOKRS / KOSTL / LSTAR
CO Period Locks
MANDT / KOKRS / GJAHR / VERSN
CO-KBASCORE
Overhead Cost Controlling: General Services
CSKA
Cost Elements (Data Dependent on MANDT / KTOPL / KSTAR
CSKB
Cost Elements (Data Dependent on MANDT / KOKRS / KSTAR /
DATBI
CSKS
Cost Center Master Data
MANDT / KOKRS / KOSTL / DATBI
CSLA
Activity Master
MANDT / KOKRS / LSTAR / DATBI
CO-OM (KACC)
Overhead Cost Controlling
COBK
CO Object: Document Header
MANDT / KOKRS / BELNR
COEJ
CO Object: Line Items (by Fiscal MANDT / KOKRS / BELNR / BUZEI
COEJL
CO Object: Line Items for Activit MANDT / KOKRS / BELNR / BUZEI
COEJR
CO Object: Line Items for SKF (by MANDT / KOKRS / BELNR / BUZEI
COEJT
CO Object: Line Items for Prices MANDT / KOKRS / BELNR / BUZEI
COEP
CO Object: Line Items (by Period) MANDT / KOKRS / BELNR / BUZEI
COEPL
CO Object: Line Items for Activit MANDT / KOKRS / BELNR / BUZEI
COEPR
CO Object: Line Items for SKF (by MANDT / KOKRS / BELNR / BUZEI
COEPT
CO Object: Line Items for Prices MANDT / KOKRS / BELNR / BUZEI
COKA
CO Object: Control Data for Cost MANDT / OBJNR / GJAHR / KSTAR
COKL
CO Object: Control Data for Activ MANDT / LEDNR / OBJNR / GJAHR
COKP
CO Object: Control Data for Prima MANDT / LEDNR / OBJNR / GJAHR
COKR
CO Object: Control Data for Stati MANDT / LEDNR / OBJNR / GJAHR
COKS
CO Object: Control Data for Secon MANDT / LEDNR / OBJNR / GJAHR
CO-OM-CEL (KKAL)
Cost Element Accounting (Reconciliation Ledger)
COFI01
Object Table for Reconciliation L MANDT / OBJNR
COFI02
Transaction Dependent Fields for MANDT / OBJNR
COFIP
Single Plan Items for Reconciliat RCLNT / GL_SIRID
COFIS
Actual Line Items for Reconciliat RCLNT / GL_SIRID
CO-OM-CCA
Cost Center Accounting (Cost Accounting Planning RK-S) What
is RK-S
A138
Price per Company Code
A139
Price per Profit Center
CO-OM-OPA (KABR)
Overhead Orders: Application Development R/3 Cost
Accounting Settlement
AUAA
Settlement Document: Receiver Seg MANDT / BELNR / LFDNR
AUAB
Settlement Document: Distribution MANDT / BELNR / BUREG /
LFDNR
AUAI
Settlement Rules per Depreciation MANDT / BELNR / LFDNR / AFABE
AUAK
Document Header for Settlement MANDT / BELNR
AUAO
Document Segment: CO Objects to b MANDT / BELNR / LFDNR
AUAV
Document Segment: Transactions MANDT / BELNR / LFDNR
COBRA
Settlement Rule for Order Settlem MANDT / OBJNR
Page 152
COBRB
Distribution Rules Settlement Rul MANDT / OBJNR / BUREG / LFDNR
CO-OM-OPA (KAUF)
Overhead Orders: Cost Accounting Orders
AUFK
Order Master Data
MANDT / AUFNR
AUFLAY0
Enttity Table: Order Layouts
MANDT / LAYOUT
EC-PCA (KE1)
Profit Center Accounting
CEPC
Profit Center Master Data Table MANDT / PRCTR / DATBI / KOKRS
CEPCT
Texts for Profit Center Master Da MANDT / SPRAS / PRCTR / DATBI
CEPC_BUKRS
Assignment of Profit Center to a MANDT / KOKRS / PRCTR /
BUKRS
GLPCA
EC-PCA: Actual Line Items
RCLNT / GL_SIRID
GLPCC
EC-PCA: Transaction Attributes MANDT / OBJNR
GLPCO
EC-PCA: Object Table for Account MANDT / OBJNR
GLPCP
EC-PCA: Plan Line Items
RCLNT / GL_SIRID
EC-PCA BS (KE1C)
PCA Basic Settings: Customizing for Profit Center Accounting
A141
Dependent on Material and Receive MANDT / KAPPL / KSCHL /
KOKRS
A142
Dependent on Material
MANDT / KAPPL / KSCHL / WERKS
A143
Dependent on Material Group
MANDT / KAPPL / KSCHL / WERKS
SAP FI FAQ
1. There is "company" field in the Company Code global settings. The R/3 help
says that it is being used for consolidation. We can use Group Chart of account to
do the same.
What is the significance of this field?
What is different between company & company code?
2. When we copy the COA, only one Fin Stat Version is being copied. A COA can
have many Fin Stat Version. Why copying of COA allows only one Fin St Ver?
3. What are the information that are not copied to new company code when we
copy company code?
4. Whether one group chart of account can be assigned to 2 Operational charts.
For Eg. INTA and INTB is being used by group of company as OCA. Whether GCA
GRP can be assigned to INTA and INTB?
1A). Company is an organizational unit which is generally used in the legal
consolidation to roll up financial statements of several company codes. A company
can include one or more company codes. If we are going for Consolidation , we need
to enter the 6 character alphanumeric company identifier that relates to this
company code.
Company Codes within a Company must use the same chart of accounts and fiscal
year. And for consolidation purpose we use Group COA wherein we link the
Operating COA thru entering the GL account no. of the Group COA in the GL Account
of the Operating COA.
Page 153
2A). A financial statement version corresponds to the chart of accounts and

wherein Individual (operational) accounts are assigned to the corresponding FS item
on the lowest level of this version. But as for the rollup of Accounts is not possible in
all the FSV which can be copied, n rather can update manually n create multiple
FSVs if necessary depending on the Financial Statements which are necessary for
the Organisation.
3A). All the Organizational units (Global Data) for a company code will b copied to
new company code upon using the copy function except for the transactional data.
4A). Yes, Group COA can be assigned i.e., the GL A/c.No. is linked to the GL Accounts
of the both Operating COA . That means Group COA consists of Unique set of
Accounts which can be linked to Op.COA 1 and Op.COA 2.
SAP FI/CO Tips by: Sneha Reddy
Ans: Q.No.1. In the SAP system, consolidation functions in financial accounting are
based on companies. A company can comprise one or more company codes. for
example: Company A have 4 company codes which is existing in different state and
/ or country. When Company A wants to consolidated the accounts, it will give the
common list of accounts which in turn called group chart of accounts. Group chart of
account is used to define/ list the GL account uniformly for all company codes.
Ans: Q.No.2. In SAP R/3 system, will allow only one financial statement version for
single COA which you need to assign the same while copying the COA. T.code OBY7
Ans: Q.No.3. When you want to create FYV, PPV, COA etc for new company code
which is as same as existing company code, then you can copy all the information
from the source company code to the target company else whatever is required as
per the new company code requirement you can only copy the same, rest you can
create as per the requirement. for example Fiscal year for new company code may
be shortented fiscal year which is differ from the existing company code. In this
case, fiscal year for new company code you have to create and assign it to company
code.
Ans: Q.No.4. Operational chart of accounts is something differ from the Group chart
of accounts but Group chart of account can be assigned to Operating chart of
account 1 and 2 through GL account no.
Operating chart of accounts: The operating chart of accounts contains the GL
accounts that you use for posting in your company code during daily activities.
Financial accounting and controlling both use this chart of accounts. You have to
assign an operating chart of account to a company code.
Group chart of accounts: The group chart of accounts contains the GL accounts that
are used by the entire corporate group. This allows the company to provide reports
for the entire corporate group.
SAP FI/CO Tips by: Palanivel Elangovan
Page 154
How do I know which target cost version we are using?

To find out which version is used for your Target Cost, try this menu path
IMG > Controlling -> Product Cost Controlling -> Cost Object Controlling -> Product
Cost by Order -> Period-end Closing -> Variance Calculation -> Define Target Cost
Versions (tcode OKV6).
How do you change the "Input tax code - Assets without input tax" value for a
company in Asset Accounting? Technically, how do you change field MWSKZVA field
in table T093C? TIA.
You can used transaction 'OBCL'.
Via customizing: Asset accounting -> Integration with general ledger -> Assign
input tax indicator for non-taxable acquisitions
Require GR & IV report
Is there any report on GR pending for IV?
You could try executing program RFWERE00, without postings.
This is the same program which is used for period end closing- regrouping of
GR/IR...but for only a report do not create postings.
or
May be transaction MB5S can help you out.
Retained Profit Account
After you run the GL balance carry forward, you only manage to know the balance
carry forward for the retained profit account but you don't how much is actually post
to the particular account. You have try almost all of the standard report but still
can't find any report that can show you the figure.
The balance carried forward is only a 'calculated' figure and not a 'posted' figure.
The break-up of the retained earnings figure is available when you run the balance
carried forward report.
You can also derive the balance by selecting only the P&L Accounts for the relevant
period. The net balance of these accounts should equal the retained earnings
account.
ACH payment configuration
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Based on 4.0B. Is it possible to configure the system for ACH payments or do we

need to upgrade?
You can use RFFOUS_T to produce an ACH file. You may have to use user exits to
write header and trailer records. Please read documentation on this program and it
is self-explanatory.
Locking of Planning Data in Profit Center Accounting
How to lock planning data in profit center accounting.
In 4.6 b the transaction is S_ALR_87004395 - Maintain Versions you can lock
versions for each fiscal year
Changes in vendor master
Is there a report which shows changes in vendor master data.
Not only for one like MK04 or XK04 but for a range like all changes in vendors per
ccode.
(should be similar to customer master transdaction OV51)
You can used report "RFKABL00".
In the accounts payable reporting menu this program can be found via:
Accounts payable -> Adequacy and documentation -> Master data -> Display of
vendor changes
(depending on your SAP version of course)
Bank Statement Upload
How to used the program RFEBKATX?
ITEM.TXT.
How are these files imported into SAP?
This creates two files STATE.TXT and
Try using program RFEBKA00 to upload the two files.

- one is the header file containing the House bank & account information along with
the date and the statement number
- the other is the item details.
SAF FI Frequently Asked Questions 1
1. Whether any FI doccument will be created during PO(Purchase order)? If please
mention the entry also.
2. What factors differentiates from one dunning level and other dunning level?
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3. APP There will be many banks in a house bank. If the payment should be maid
from particular bank GL account. Where it is need to configured.
4. What are various types of servers in SAP R/3
5. Can anybody explain me FI-MM integartion.pl explain in detail
i. movement types
ii. account class
iii. material types
6. Maximum no. of dunning levels are created?
7. In how many ways APP is configured
8. What is diff between AAM, Recurring entries, Sample doccument?
Find here with the answers for your questions
1.Whether any FI document will be created during PO(Purchase order)?If pl mention
the entry also?
Ans: There is no document that is created in FI side during PO. But in controlling
there can be a commitment posting to a Cost Center. The offsetting entry is posted
at the time of GR.
2.What factors differentiates from one dunning level and other dunning level
Ans: The most important thing that differentiates the dunning levels are the
dunning texts. The dunning text defines the urgency of the dunning notice. The
other things can be the dunning charges, minimum & maximum amounts etc.
3.APP
There will be many banks in a house bank. If the payment should be maid from
particular bank GL account. Where it is configured.
Ans: There can be several accounts in the same house bank. We should assign the
GL accounts exclusively at the time of creating the Bank master data and the bank
accounts. Accordingly we can do the bank determination in FBZP for the individual
banks and the corresponding sub accounts.
Tr code for Defining bank : FI12.
4.What are various types of servers in SAP R/3?
Ans: The Typical SAP landscape looks something like figure 1.4 below:
5.can anybody explain me FI-MM integartion.pl explain in detail
i. Movement types:
Classification key indicating the type of material movement (for example, goods
receipt, goods issue, physical stock transfer).
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The movement type enables the system to find predefined posting rules
determining how the accounts of the financial accounting system (stock and
consumption accounts) are to be posted and how the stock fields in the material
master record are to be updated.
ii. Valuation class
Assignment of a material to a group of G/L accounts
Along with other factors, the valuation class determines the G/L accounts that are
updated as a result of a valuation-relevant transaction or event, such as a goods
movement.
The valuation class makes it possible to:
- Post the stock values of materials of the same material type to different G/L
accounts
- Post the stock values of materials of different material types to the same G/L
account
iii. Transaction/Event Key
Key allowing the user to differentiate between the various transactions and events
(such as physical inventory transactions and goods movements) that occur within
the field of inventory management.
The transaction/event type controls the filing/storage of documents and the
assignment of document numbers.
iv. Material Type
Groups together materials with the same basic attributes, for example, raw
materials, semifinished products, or finished products.
When creating a material master record, you must assign the material to a material
type. The material type you choose determines:
- Whether the material is intended for a specific purpose, for example, as a
configurable
material or process material
- Whether the material number can be assigned internally or externally
- The number range from which the material number is drawn
- Which screens appear and in what sequence
- Which user department data you may enter
- What procurement type the material has; that is, whether it is manufactured inhouse or
procured externally, or both
Together with the plant, the material type determines the material's inventory
management requirement, that is:
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- Whether changes in quantity are updated in the material master record

- Whether changes in value are also updated in the stock accounts in financial
accounting
6.Maximum no. of dunning levels are created?
Ans: 9 levels maximum.
7.In how many ways APP is configured?
Tr Code: FBZP
8.What is diff between AAM,Recurring entries,Sample doccument?
Account Assignment Model:
A reference for document entry that provides default values for posting business
transactions. An account assignment model can contain any number of G/L account
items and can be changed or supplemented at any time. In contrast to sample
documents, the G/L account items for account assignment models may be
incomplete.
Recurring Entries:
A periodically recurring posting made by the recurring entry program on the basis of
recurring entry original documents.
The procedure is comparable with a standing order by which banks are authorized
to debit rent payments, payment contributions or loan repayments.
Sample Documents:
Special type of reference document. Data from this document is used to create
default entries on the accounting document entry screen.
Unlike an accounting document, a sample document does not update transaction
figures but merely serves as a data source for an accounting document.
SAF FI Frequently Asked Questions 2
1. Where to assign activity type in cost centers? OR how to link cost centers &
activity types?
>> There is no direct assignment. You plan the output for a cost center first in
kp26. Then you've to plan the value of that cost center which you budget for a
period in kp06.
Planned Activity expenditure / Planned Actvty qty gives yoa
planned act rate which you can use to valuate your activity confirmations in mfg
ordrs.
You can also define your own prices,but you have to run the price
revaluation if you want to revaluate your actual activity prices.
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2. For stat. key figure what is the significance of sender & receiver cost elements &
cost centers?
>> Stat key fig are not real account assignments. In simple traditionl terms it is the
base to allocate or define praportions with which the cost is allocated. SKFs are
used to calculate the debit on a receiver object. These values can be used for
assessing common costs which are used by all the other cost centers.
3. How SKF works .. Kindly give me T Codes Also.
>> You create & plan SKF.
Create using KK01 & PLAN the parameters of SKF in KP46
SAP Tips by: Dhiraj
1. Does any one know what is Software life cycle, it was a question asked in an
interview.
2. In GL master we have a option "Balance in local currency" and "Account
currency". What does it mean?
3. In movement type(MM), what is value & quantity string I know it updates values
and quantities in GL with mix of valuvation class, transaction key modifier and GL
A/c. But how does it work when doing a mvt type?
4. In FI when doing Special GL transaction what determines the fields statues of the
screen and why do we have so many screens followed by it. Is it determined by
Posting Keys? is it to determine Account type for which we are using the Special GL
and debit and credit?
Q: Software Life Cycle,
Ans: it is nothing but Road Map - five phases like, Project Preparation, Blue print,
Realisation, Final preparation and Go-live support.
Q: In GL master we have a option "Balance in local currency" and "Account
currency".What does it mean?
Ans: Account currency is that the GL account in which currency do you want to
maintain. if you decided that you want maintain in company code currency, you can
post any currency in that account.
If not, you want to maintain separate currency for that GL then exchange rate
difference will come because the conversion rate.
Balance in local currency - some GL account can't be maintain on open item basis
and can't in foreign currency like clearing account and discount account etc., in
such case you can assign this indicator to show the balance in local currency.
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Q. In movement type(MM), what is value & quantity string I know it updates values
and quantities in GL with mix of valuvation class, transaction key modifier and GL
A/c. But how does it work when doing a mvt type?
Ans: Basically, the system does not know which GL has to be updated with what.
here, we are giving a direction to the system to update the data.
What you said is correct, the system will update the value and qty in the material
master. You would have seen some more fields also, like Movement indicator,
consumption, value string and transaction event key etc.,
While creating a PO, the system will take the Movement type as a base, with MT, it
will identify the MI(movement indicator - used to define whether it is goods
movement for production order, purchase order, delivery note etc), and it will
identify the consumption,( like it is assets, or consumption or sales order) and it will
identify the value string ( it is must to assigned to movement type, through
allocation of value string to movement type, system will automatically identify the
GL ) and it will post the entry (dr/cr)in the GL based on the transaction and event
key figure which is used to determine the debit and credit entry of a GL
SAP Tips by: Elangovan
4. In Field Status Group there are options like Suppress, optional, Required, Display.
So that it is followed by so many screens and it is determined by posting key. Its
both debit (or) (Both) credit.
Questionnaire with Answers for SAP FI
What is the difference between company and company code?
A company is the organizational unit used in the legal consolidation module to roll
up financial statements of several company codes.
The Company Code is the smallest organizational ! unit for which a complete selfcontained set of accounts can be drawn up for purposes of external reporting.
How many chart of accounts can be attached to a company code?
One or more Operative Chart of Accounts can be assigned to a company code.
A COA must be aasigned to a company code. This COA is the operative COA and is
used in both FI and CO. One Chart of Account can be assigned to many Company
codes i.e., Multiple company codes can either share the same or have separate
COA. But a company code (Country specific Company code or International
Company code) can have a country specific COA also along with Operative COA. The
link between the regular COA and the country COA appears in the alternate number
field of the G/L master record.
Eg: If a company's subdidiaries are located in both US & Mexico. We need to
configure 2 Company codes - one for US and another for Mexico,for eg U100 and
M100. The same way we create 2 COA's one for US & one for Mexico, USCA and
MXCA. Mexico has different govt reporting requirements than the US so we will
need to define a company code specific to Country Mexico and also create a country
Page 161
specific COA to be used, in addition to normal COA. In tcode OBY6(Comp Code

Global Parameters) of CC M100 we define normal COA i.e.,USCA in Chart of
Accounts field and MXCA in Country Chart/Accts field.
What are substitutions and validations? What is the precedent?
Validations are used to check settings and return a message if the prerequisite
check condition is met.
Substitutions are similar to validations; they actually replace and fill in field values
behind the scenes without the users knowledge unlike validations that create onscreen msgs to the user.
What is a controlling area?
The Controlling Area is the central organizational unit within CO module. It is
representative of a contained Cost Accounting envt where costs and revenues can
be managed.
Define relationship between controlling area and company code?
A controlling area may include one or more company codes which must use the
same operative chart of accounts as the controlling area. A Controlling Area can
contain multiple company code assignments but a single company code can be
assigned to only one controlling area.
What is a fiscal year variant?
Fiscal Year is a period of 12 months and SAP provides 4 special periods to posting
adjustment Entries. Fiscal year determines posting periods. Posting periods are used
to assign business transactions. Fiscal year may be year dependent or year
independent.
What are special periods used for?
The Special periods in a fiscal year variant can be used for things like posting audit
or tax adjustments to a closed fiscal year.
What do you mean by year dependent in fiscal year variants?
Year Dependent: the financial year is same as calendar year. Starting from 1st Jan to
31st Dec (where posting periods and the calendar months are equal)
Year Independent: the financial year is different from calendar year Starting from
1st April to 31st March (where the posting period months are not equal to calendar
year months)
What are shortened fiscal year? When are they used?
Shortened Fiscal Year: a financial year, which has less than 12 periods.
What are posting periods?
The Posting period variant controls which posting periods, both normal and special,
are open for each company code. It is possible to have a different posting period
variant for each company code in the organization. The posting period is
independent of the fiscal year variant.
What are document types and what are they used for?
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Document type is the identifier of differentt account transactions like SA for G/L,AA
for Asset Accounting etc.The doc. Types controls things like type of the account that
can be posted to, the number range assigned to it, and required doc header fields.
How are tolerance group for employees used?
Tolerance group stores Posting amount defaults. Tolerance groups are assigned to
User IDs that ensures only authorized persons can make postings.
What are posting keys? State the purpose of defining posting keys?
Posting keys determine whether a line item entry is a debit or a credit as well as the
possible field status for the transaction. Posting keys are SAP delivered. If u want
changes like making additional fields optional on payment type posting keys then
the best possible action is to copy the posting key that needs to be modified and
then modify it.
What are field status groups?
Field status groups control the additional account assignments and other fields that
can be posted at the line item level for a G/L account.
Questions and Answers for SAP Financial
Q1-What are adjustment postings and its use? Give t.codes and paths if possible?
Answer: fb50,f-02 and others could be used for adjustments. These adjustments are
to correct any financial representation that has already been booked into the
accounts.
Q2-Suppose I have purchased goods of 10 units(raw materials
goods) worth Rs10000 from vendor A (suppose) and also made
same. Now during the manufacturing process, it was observed
defective, now my question is how do we deal with the defective
have already made payment for the 10 units(i.e Rs10000).
or semi-finished
payment for the
that 3 units are
units in SAP as I
Answer: If you have a GRN against these materials, then the same can be return
delivered. An appropriate movement type needs to be configured for the same. As
for the payment, raise a credit note on the vendor.
* Using Debit Memo you can get the money for defective 3 units. *-- Gnan Eswari
Q.3-We always copy company code or we can create manually also? If possible give
reasons also.
Answer: There are loads of tables that get copied over when copying co codes. This
might be incomplete in a manual copy, and hence the manual route is not
advisable.
Q.4-In case of APP, when bank master data updated?
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Q.5-Suppose in 2004 I have depreciation key 'AB&in 2005 depreciation key I have
changed to"CD". In what way my balances would be affected like balances of
depreciation,accumulated depreciation,assets etc.
Answer: The difference in the depreciation that is posted already, and what should
be posted with historical effect will be posted in the current accounting period.
Q.6 How many chart of accounts can be assigned to company code we can assign
company code to chart of account through OB62? Now my question is in what way
we can assign three types of chart of account to company code in one transaction
code (I might be wrong plz correct me)
Answer: Three, although the group and country chart of accounts are optional. The
group chart of accounts is assigned to the
operational chart of accounts, and the only mandatory CoA is the Operational CoA.
Q.7 How many financial statement versions can be assigned to co.code?
Answer: As many FSVs as you want can be assigned to the co code i.e. 1:n as of Co
Code: FSV.
I have created Company Code and all other configuration related to the CCode. Also
in MM I have created purchase order, created vendor, material etc. I couldn't
activate the PO due to the following error messages in red:
1. MAINTAIN TOLERANCE LIMITS FOR TOLERANCE KEY PE ACCOUNT ASSIGNMENT
2. CONTROL INDICATORS FOR CONTROLLING AREA DO NOT EXIST.
I have assigned controlling area to company code and I could see the controlling
area in existance via master file and gl verification.
1. MAINTAIN TOLERANCE LIMITS FOR TOLERANCE KEY PE ACCOUNT ASSIGNMENT
----> Please follow this link --> SPRO ---> MM---> Purchasing --> Purchase Order -->
Set Tolerance limits for price variance --> Here you have to set for Tolerance keys PE
and SE. Just copy them from std co. code.
2. CONTROL INDICATORS FOR CONTROLLING AREA DO NOT EXIST. ---->
In Controlling --> General Controlling --> Maintain Controlling Area --> Maintain
Controlling Area --> Activate Components/Control Indicators --> You need to check if
you want to activate the order management/activity based costing/commitment
management etc.
FI Questions about GR/IR
1. How do we post the FI transactions after doing MIGO?
Does the Migo generate FI postings or do we manually do the posting.
If we do it manually what is the T.Code to do it.
Page 164
2. How do we reverse an Invoice?

We go to miro and enter a credit memo.
How do we post the reversal entry?
In SAP, the moment you save the MIGO transaction, it automatically generates FI
document. It will create following entry:Raw Material Stock A/c Dr
To GR/IR Clearing A/c
In MIGO transaction itself, you can post Excise by choosing Capture and Post Excise
Invoice. The FI document will be as follows:
RG23A Basic Excise Duty A/c Dr
RG23A Education Cess A/c Dr
To CENVAT Clearing A/c
After doing MIGO, you execute MIRO. In this transaction also, SAP will generate FI
document automatically. The entry will be as follows:GR/IR Clearing A/c Dr
CENVAT Clearing A/c Dr
VAT Setoff A/c Dr
To AP-Vendor A/c
Reversion of entry of material purchase can be in entered on rejection of material
partially or wholly. In this case, you will
have to raise a debit note on the vendor. But before raising debit note, you have to
first ensure that the Invoice verification of the material (to be rejected) is complete
at the time of purchase.
Purchase documents cannot be reversed directly like pure financial document entry.
To reverse the material document,
following procedure should be followed.
1) Create Return Delivery (MIGO)
2) Reverse the Excise Duty Posted (J1IS)
3) Raise the debit Note. (MIRO)
* -- Rajesh Birari
Cancel Invoice In MR8M
While cancelling invoice in mr8m, I'm getting a message that FI documents to be
cancelled manually. What does this means?
If the cancellation / reversal of MIRO invoice is done through MR8M, only the MM
invoice / documents gets reversed but the FI document will not be reversed or
cancelled.
We have to follow the following procedure.
1.
2.
3.
4.
Goto T.Code MIRO

Select Credit Memo in the transaction field.
Fill up all the details in the fields for the invoice to be reversed.
Give the P.O. no
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5. Select the line item to be reversed.

6. Simulate and save.
The impact will be as CR - GR/IR clearing a/c
DR - Vendor a/c
By this procedure, the purchase order history in P.O. will also get updated and there
is no requirement of any manual clearing. Only in the Vendor a/c, the DR. and CR
should be knock off.
SAP FI Functional Consultant Responsibilities
What is the meaning of SAP FICO Functional and SAP FICO Technical?
SAP FICO Functional means functional knowledge, by which one can proceed in
terms of functional process with FICO area as well as FICO configuration knowledge.
Whereas SAP FICO Technical consultant may be an ABAPER, who have short of
knowledge of FICO configuration and functional knowledge as well and can proceed
for technical jobs e.g. reports development, client requirement, system modification
etc.
To become a Pure Hard Core FI functional consultant
Q: Can via T.Code FBL1N by selecting vendor with plant reference in selection using
search help field group.
Plant is not a field for finance or in sap it is FI module - this is for PP and MM module,
In case required, please define that as FI object for FI reports - like BA and so on.
Configure the plant as a BA and in all FI places you can capture BA in line items of
vendors.
Spent little time on going through various standard reports of SAP which are very
rich in itself - for each report it has options of all fields of master data , all fields of FI
document means around in my opinion around 400+ options to select. Hence we
should first get an idea of fields in masters and documents and how they are
updated.
To become a good consultant.... Every report of SAP standard is a gem - but we
always look for FAST FOOD without understanding the quality of how standard is the
solutions..
Spent time in understanding - there are lot of chapters available for reading .
Suggestions ... Understand the Finance function first upto closing of books and
management reportings done in a practical way. Go to sap img screen - you will find
all options are there... If you go reverse way , sitting inside the car and asking anyone can help me in understanding what is the wheel in front of driver used and
how to use it??
All the best - take it in the right spirit for a successful future
Page 166
1. Which of these statements on document principles are correct?

R/3 can assign the document numbers always
A business event triggers only one document within R/3
Each business event creates an accounting document within R/3
R/3 will link related documents in the system

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

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

there are four steps in payment process, viz., parameters, proposal, program, print
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

run date
identification

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

the G/L account name for house banks must match the names given to the house
bank in the bank directory
the G/L account names for house banks are user definable
the G/L account names for house banks could be the bank name and account
number
the G/L account names for house banks are defined in bank directory
Page 167
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
sending company code and paying company code are same always
by specifying the vendor/customer special G/L transaction to be paid, we can
process specified special G/L transaction only
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

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

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

we can edit proposal
we cannot delete the proposal
we can recreate the proposal until the dunning clerk is satisfied with the result
Page 168
after completing the dunning proposal list, dunning data is updated in master
records

one time accounts cannot be dunned
we can assign two dunning procedures to customer master records
dunning procedure can process only standard transactions
interest can be posted at the time of dunning
14. The maximum dunning level can be defined in the dunning procedure is
four
six
nine

we cannot specify per dunning level that interest is to be calculated
we cannot print a dunning notice in a legal dunning procedure, although no further
account movements have occurred
we can set a minimum amount for the dunning charges on each dunning level

the date of the last dunning run in the customer master record
the dunning level in the customer master record
the dunning level in documents for which dunning notices are created
from (layout set) specifications in the customer master record for the text in the
next dunning letter
the dunning procedure in the customer master record for the next dunning run
18. Which of these statements are true

we can calculate interest on G/L accounts under interest on arrears method
each interest id must be assigned on interest calculation type
Page 169

enter it in the directory of financial statement version
define hierarchy levels and assign accounts

a financial statement version consist of maximum 9 hierarchy levels
we cannot assign account group according to balance
drill down report is a tool that enables to analyze sub ledger transaction figures only

through special G/L transactions
through normal transactions
both of the above

only vendor/customer open items
only balance sheet items
both of the above

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
when we have regrouped the receivables/vendors, system carries out adjustment
postings
allocating costs to financial accounting through external settlement, the G/L is
updated online/realtime
24. Depreciation posting can be executed

through batch input session
direct FI postings
any one of the above
25. To set up the financial statement version in your company, maximum limit is 9.
TRUE/FALSE
Page 170
KEY - T (True), F (False)

A-T, B-F, C-F, D-T
A-T, B-T, C-T
A-T, B-T, C-T
A-T, B-F
A-T, B-T
A-T, B-F
A-F, B-T, C-T, D-F, E-F
A-F, B-T, C-T
A-F, B-T, C-F
A-T, B-F
A-T, B-F, C-T, D-T
A-T, B-F, C-T, D-F
A-F, B-F, C-F, D-F
A-F, B-F, C-T
FALSE
A-F, B-F, C-T
A-T, B-T, C-T, D-F, E-F
A-F, B-T
A-T, B-T
A-F, B-T, C-F
A-T, B-F, C-F
A-T, B-T, C-T
A-T, B-T, C-T
A-T, B-T, C-T
FALSE
1. Which of the following statements are correct with respect to business area
one business area can be used for many company codes
business areas must be assigned to company code in the IMG
they are used for internal P&L and balance sheets
a company code can have many business areas

a plant is assigned to only one company code
a company code must be assigned to one chart of accounts only
a chart of accounts can be assigned to multiple company codes
a plant can be assigned to many company codes
Page 171
3. What are true with respect to business area

a company code can have many6. business areas
a business area can be across company codes
use of business area is not optional in R/3 system
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
the use of business area is optional
a company code can have many business areas
business area balance sheet will always balance
none of the above
5. The standard delivery clients in a R/3 system are

client 000, 001 and 002
testing client 777 and training client 999
client 001, 000,002 and training client 999
client 000 and 001
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 customer implementing R/3 system
an individual PC in which batch inputs are done for uploading to SAP at a later date
the highest technical entity in R/3
the data server
the front end presentation PC which interacts with SAP system
7. The three tier in R/3 system is represented by
client, customer and application
data, user and application
user, data base, programs
presentation client, R/3 application and data base
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
company
company code
controlling area
plant
enterprise controlling
Page 172
9. Which of the following statements is always false with respect to a company code
a company code can have many plants
a company code can have many companies
a company code can be linked to only one controlling area
a company code need not be linked to an operating concern
a company code can have many sales organizations

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

main menu, application menu and task menu
main menu, sub menu, task menu and help menu
system menu, application menu and help menu
main menu, application menu and help menu
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
six
nine
twelve
eighteen
twenty four
14. The order of fields as they appear during the log on to an R/3 system is
Page 173
client, user id, password

language, client id, password
client, user id, password, language
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
client number/id
session number
data server name/id
user id/name
information, error, and warming messages
16. A user has multiple sessions open and when open of the session is closed by the
user
the system does not automatically save the data/information of the session being
closed
system always prompts for saving the data in the session being closed
system always automatically saves the data/information of the session being closed
without prompting
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
company
business area
controlling area
functional area
financial management area
18. ABAP stands for

advances in business applications programming
applications in business and advanced program
advanced business applications programming
advanced business for advanced program
advantage in business applications programming
Page 174
19. The configuration of the R/3 is done through

the implementation guide
the implementation assistant
business navigator
business engineer
sessions manager
20. The ASAP CD contains

the implementation guide
implementation assistant
concept check tool
business navigator
Q&A Db
21. Which of the following statements are true regarding ASAP project preparation
phase
the business blueprint document must be prepared
enterprise scope area document must e prepared for initial project planning
project plan must be prepared
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
technical requirements planning must be taken up
22. Which of the following are true with respect business blueprint phase
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
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
the standard reference model of R/3 system cannot be directly accessed from the
Q&A db
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
he volume and stress test must be conducted on the same system in which user
training is done
Page 175
testing a tool which avoids retrospective changes and acts as an early warning
system to correct the customization of business processes
the power (key) users shall not be involved in the testing process as it would hinder
timely completion of the activity
there must be quality control of the first four stages before the go-live phase
external consultants must always carry out quality control
24. What are the three data types in SAP

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

same currency
same fiscal year variant
same chart of accounts
same controlling organization structure
KEY
A-T, B-F, C-T, D-T
A-T, B-F, C-T, D-T
A-T, B-T, C-F, D-T
A-F, B-F, C-F, D-F
A-F, B-F, C-F, D-T, E-F
A-F, B-F, C-T, D-F, E-F
A-F, B-F, C-F, D-T, E-F
B
B
B
C,D
A
C
C
.
A
B,D
C
A
Page 176
B,C,E
B,C,D,E
B,D
B,C,D
C
C
Page 177

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ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTING

length of G/L account number should be mentioned in

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

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

appearance of an account master data is based on

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

ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTING

ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTING

data and programs are contained in

18. SAP business object consists of

ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTING

ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTING

ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTING

following statements are false

9. Which of the following statements are false

ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTING

14. Which of the following statements are correct

ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTING

ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTING

ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTING

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

ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTING

ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTING

19. Which of the following statements are false

ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTING

ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTING

1. Account groups are used to control the following properties

can post transactions to an account in any currency only if

can carry forward P&L account balances to

4. Default exchange rate picked up during FI document is

can display account balances of several related accounts through

ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTING

run BA/PC adjustments for

entry screens in FI are used to enter

10. Easily entered document entry templates are called

ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTING

ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTING

reclassify where debtors have credit balance and vice versa

SAP, a bill of exchange receivable items is cleared during

ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTING

ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTING

ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTING

standard delivery clients in a R/3 system are

ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTING

ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTING

ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTING

ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTING

ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTING

TRUE/FALSE in SAP R/3

While parking a document, a temporary document number is created

ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTING

ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTING

What are the three elements (servers) of R/3 system?

ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTING

ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTING

PRESENTATION SERVER, APPLICATION SERVER, DATABASE SERVER

ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTING

ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTING

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

ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTING

ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTING

18. Which of these statements are true

ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTING

ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTING