A bank must be maintained in Bank Directory table in order to be used in transactions (True)

Account receivable information system can be used to generate the following report, except (Cash discount
Accrual method is used when the expense or revenue was posted in the current period. However, the actual b
Asset class defines the screen layout of asset master record (True)
At the end of fiscal year, the balance carry forward program is run (False)
Bill of exchange charges or payment difference are posted automatically when the following request is carried
Cash journal must be assigned to one G/L account, which represents the petty cash journal account in genera
Company code must be specified in all financial related transaction in SAP ERP (True)
Customer account group is used to, except (Determine customer credit area)
Depreciation can only be posted after depreciation posting run has been completed (True)
Each house bank is reppresented in the SAP system by (House bank ID)
Following statement are true about Posting a Check Deposit, except : (Subledger accounting sessions will
Following statement are true about valuation run, except (A certain percentage of total amount, whether it
Following statement is false about Plants in Material Management (Each company code is only allowed to
Foreign currency valuation will valuate open items in a foreign currency (True)
If a company code needs to generate report to meet the requirements of the respective countries, they need t
If the value of order exceeded the credit limit, the order still can be shipped but can not be billed (False)
If you want to settle asset under construstion, you have to maintain…first (Settlement rule)
In order to determine if a line item is a credit or debit posting, SAP ERP uses the following tool (Posting key)
In order to post cost information to Management Accounting, he one of the following information must be used
Invoice can be entered in sales dan distribution module and financial accounting module (True)
It is possible to assigned one business area to multiple company codes (True)
It is possible to create various financial statement versions in SAP System (True)
It is required to run the following in order to check if the depreciation is fully posted and no assets contain erro
Method of posting which open invoice won’t be cleared and new open item in the amount of the payment is cr
Posting in Asset Accounting can be done by (Good issue to asset)
Sales Area is combination of… (Sales Organization-Distribution Channel-Division)
The balance and information about customer is displayed in screen area (Information area)
The combination of sales organization and distribution channel is (Distribution chain)
The company codes in the same Corporate / Group with different operating chart, make consolidation with the
The data entry screen for cash journal transaction consist of the followings, except (Header)
The following activities are performed during payment run : (Clear any open items)
The following activities are the first step of running automatic payment (Maintain parameter)
The following are depreciation areas with account determination in asset accounting (All of the above)
The following are elements of credit management master records, except.. (Company code data)
The following are TRUE statements in regards with Customer Master Data: (Customer master data consist
The following are true statements in regards with vendor account, except (Vendor account information is g
The following information can be found I every GL account in chart of account, except (Account edition)
The following is a true statement in regards with account setting for company codes (You can use an accoun
The following is a true statement in regards with financial closing (All the above)
The following is used to transfer information from Financial Accounting to Management Accounting (Docume
The following statements are true regarding organizational structure in financial accounting module, except
The following statements are TRUE in regard to Chart of Accounts, except… (Chart of account contains on
The following statements are TRUE in regard to vendor account : (Posting only be possible if company co
The following statements are TRUE in regards to Account Group in SAP fi module, except (None of the abov
The following statements are true in regards to account group in SAP Financial Accounting module, except (
The following statements are TRUE in regards to Business Area except
The following statements are true regarding Asset Class, except…. (Asset class can only be created for ta
The following statements are true regarding financial closing, except (The balance carry forward program i
The followings are areas in GL account posting screen (Line item information area)
The followings are asset history sheet version containing various history sheet groupings, except (Calculatio
The followings are depreciation areas with account determination in asset accounting (All of the above)
The followings are process for deposit checks, except (After all checks have been entered, a list of check
the GR/IR clearing accounts containing list of all goods and invoice received at the end period, must be zero
The necessity of foreign currency valuation is to valuate the following for vendor accounts (All open items in
The payment program that creates the transfer and post it to an outgoing cash account is known as (Outgoin
The recurring entry program selects all recurring entry original documents in which the date of the next postin
The sales process contains of these activities, except : (Demand determination)
The valuation run can be determined using a value adjustment key contained in the customer master (True)
Three ways match as procedure to post procurement transaction (Invoice verification, purchase order, goo
When company code specific settings is maintained for company code 1000, it also valid for company code 1
When customer payment is posted using cash journal, the payment automatically clear the open item related
When posting expense item, a cost center or internal order must be entered in order generate document in m
When the expense or revenue that belongs to the current period is not posted until a later period, we are usin
When we do the outgoing transfer, the cash flow later appears on the bank statement and the bank ledger ac
Which of the followings is not included in the “three way match” in MM ? (Supplier selection)
Which statements is true in regards with recurring entry program? (All of the above)
You can select the screen variants, account assignment templates or held documents as reference in enjoy s
You can use ABAP program to assists in creating financial statement (True)
You may enter the dunning procedure in….(Customer master)
ash discount history)
er, the actual business transaction, or part of it, is actually in a future period (False)

quest is carried out (Correspondence)

count in general ledger (True)

sessions will process account receivable but not clear the open item)
nt, whether it's over due or not, is used as basic calculation of the valuation)
nly allowed to have only one plant)

es, they need to assign GL account from (Country chart of account)

d (False)

(Posting key)
n must be used (G/L account)
)

ets contain errors (Year end closing program)

e payment is created, is called (Partial payment)

idation with the following : (Group chart of account)

e above)
ata)
r data consist of General data, Company code data, and Sales Area data)
ormation is grouped into client data, company code data and purchasing data)
nt edition)
use an account in company code, after you maintain the account definition..)

ting (Document type)

odule, except (More than one company codes can only be assigned to one…)
nt contains only information of G/L account type and name)
f company code data has been properly maintained)
ne of the above)
dule, except (
created for tangible assets)
ard program is run at the end of a fiscal year)

pt (Calculation)
he above)
list of check unavailable in the system)
must be zero (True)
open items in foreign currency)
n as (Outgoing transfer)
he next posting will fall within specified period and the generates a batch... (True)

master (True)
ase order, goods receipt)
mpany code 1100 (False)
n item related to the customer (False)
document in management accounting as well as financial accounting (True)
d, we are using the following method (Accrual)
bank ledger accounting session creates the posting (Cash outflow to bank)

nce in enjoy screen area (Work template)