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FI PAPER: 1
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
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
d. none of the above
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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
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
d. none of the above
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.
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.
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19. Maximum number of sessions a user can open when he logs on to SAP
a. one
b. three
c. five
d. six
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31. Which of the following are correct with respect to your G/L account house bank
name
a. the g/l account house bank name shall be the same as in the bank directory
b. the g/l account house bank name need not be the same as the bank’s name in
the bank directory
c. the g/l account house bank name is user-definable
d. the g/l account house bank name is defined at the chart of account level
e. the g/l account house bank name is modifiable at the company code segment
of the chart of accounts
32. Your house bank number cannot be set to be defaulted from house bank key
State whether this statement is true or false
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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2. A
3. B
4. A
5. D (ACCOUNT GROUP)
6. A, C
7. A, B
8. A, C, D
9. A-F, B-F, C-F
10. A-T, B-F, C-T
11. A
12. T
13. A-F, B-T, C-T
14. T
15. T
16. D
17. A,B
18. C
19. D
20. C
21. A
22. D
23. A
24. B
25. C
26. C
27. C
28. C
29. B,C
30. C
31. A-F, B-T, C-T, D-T, E-F
32. T
33. A,C
34. A,B
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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
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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
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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c. only account control and account management data in company code
segment
d. entire master data
20. A different field status can be achieved for different actions such as creation of
account or change in master record, etc. TRUE/FALSE
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
24. Changes in customer or vendor master are tracked and can be seen in SAP.
TRUE/FALSE
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KEY
1. C,D
2. C
3. A
4. T
5. B,D
6. T
7. A-F,B-F,C-T,D-F
8. A-F,B-F,C-T,D-F
9. A-F,B-F,C-T,D-F
10. A-F,B-T,C-T,D-F
11. A-F,B-T
12. B,E
13. C
14. A-T,B-T,C-F,D-F
15. A,B
16. A
17. B
18. C
19. A,B,C
20. T
21. B
22. A,C,D
23. B,C
24. T
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5. Every run of the payment program is identified by two fields – run date and
identification. TRUE/FALSE
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c. without maintaining the value date in bank selection, system will not process
the payments
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
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
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FI PAPER: 3
25. We cannot select individual business transactions for locking from a lsit of all the
actual and plan business transactions. TRUE/FALSE
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KEY
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PAPER: 4
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
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PAPER: 4
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
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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
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
23. When you carry out regrouping through AR or AP, the following activities are
performed
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PAPER: 4
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
27. In which of the following processes do the original invoices remain as open items
a. residual payment
b. partial payment
c. charge off difference
d. distribute difference
28. How do you assign credit terms while drawing a bill of exchange on your
customer?
a. by assigning payment terms to bill of exchange item
b. by assigning due date to the bill of exchange item
c. by assigning payment term to invoice item
d. by assigning due date to invoice item
29. GR/IR account is managed on open item basis, and the indicator balance in LC
only is ticked. During a GR, it is credited with $100 (exchange rae USD:INR = 1:40).
At the time of invoice receipt, exchange rate is Rs.41 = $1, Uf ckearubg fir $100 is
done for the GR/IR account, what is the foreign currency exchange rate posting?
a. cr Rs.100
b. dr Rs.100
c. cr $100
d. no exchange rate posting
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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
33. If you want to chose a different set of fields in a vendor account line item display,
you choose a different
a. sort variant
b. totals variant
c. line layout
d. additional fields
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PAPER: 4
KEY
1. C
2. B
3. C
4. B
5. A
6. D
7. C
8. A
9. B
10. B
11. C
12. D
13. C
14. A
15. D
16. B
17. A
18. B
19. B
20. A
21. C
22. D
23. D
24. D
25. A
26. C
27. B
28. B
29. D
30. B
31. D
32. A
33. C
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FI PAPER: 5
Please read the questions carefully. More than one choice could be correct in some
questions. Specific hints have not been given. Please tick mark the correct choices.
Mark ‘T’ of ‘F’ for true or false choices respectively.
1. Which of the following statements are correct with respect to business area
a. one business area can be used for many company codes
b. business areas must be assigned to company code in the IMG
c. they are used for internal P&L and balance sheets
d. a company code can have many business areas
4. Which of the following statements may be false with respect to a business area
a. the use of business area is optional
b. a company code can have many business areas
c. business area balance sheet will always balance
d. none of the above
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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b. company code
c. controlling area
d. plant
e. enterprise controlling
9. Which of the following statements is always false with respect to a company code
a. a company code can have many plants
b. a company code can have many companies
c. a company code can be linked to only one controlling area
d. a company code need not be linked to an operating concern
e. a company code can have many sales organizations
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
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
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
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
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KEY
5
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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
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KEY
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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
14. The maximum dunning level can be defined in the dunning procedure is
a. four
b. six
c. nine
15. An item whose days in arrears are smaller or identical to the grace periods,
dunning program will consider for the dunning notice. TRUE/FALSE
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FI PAPER: 8
25. To set up the financial statement version in your company, maximum limit is 9.
TRUE/FALSE
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KEY
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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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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
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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
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
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9. Which of the following statements are false with respect to reconciliation account
(Y) (N) One Customer account can have many normal reconciliation accounts
(Y) (N) Reconciliation A/C can be used for direct accounting entries
(Y) (N) Reconciliation A/C are G/L Accounts
10. Which of the following statements are true with respect to account groups
(Y) (N) The Account Group is a required entry in the G/L COA Segment
(Y) (N) The Account Group is a required entry in the AR General Segment
(Y) (N) All the Account Groups of customers can have one common number
range
11. Which of the following statement is true with respect to customer account
(Y) (N) One customer can have different customer codes in various company
codes
(Y) (N) Company codes following the same chart of accounts must have the
same
reconciliation account for the same customer
(Y) (N) Various company codes can have different payment terms with one
customer
(Y) (N) Group Account Number is mandatory while entering a customer master
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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19. A different field status can be achieved for different actions such as creation of
account or change in master records.
(Y) (N)
20. Chart of Accounts is the list of G/L Account. A G/L account is ready for input if COA
is assigned to company code
(Y) (N)
21. The field “Field Status Variant” in the company code segment of the G/L Master
can be suppressed
(Y) (N)
22. Which of the following entities can be assigned numbers both internally &
externally
(Y) (N) G/L Account
(Y) (N) Vendor
(Y) (N) Customer
(Y) (N) Document Type
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(Y) (N) A House Bank can contain many account Ids which are represented
through Individual bank account numbers
26. Filed status of the line item can be controlled through Posting Key & Filed Status
Group in G/L Account. Thus the Filed Status of “Amount” “Posting key” and “Account”
can be suppressed
(Y) (N)
28. You cannot make a financial entry if filed status variant is not assigned to
company code
(Y) (N)
33. If we are using the same chart of account in more than one company code
(Y) (N) The company code segments are same in all company codes
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(Y) (N) The account name and account number is the same in all company
codes
(Y) (N) The currency in the company code segment in all company codes is
the same
(Y) (N) The group account number & the alternate Account Number can be
different in all company codes
34. The appearance of the company code segment of G/L account is based on
(Y) (N) The Account Group of Customer if it’s a reconciliation account
(Y) (N) The Posting Key
(Y) (N) Account group entered in the chart of account segment
(Y) (N) Group account number entered in the chart of account segment
(Y) (N) The Field Status Group in the G/L Master Record
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.
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) (N) Post the due date of invoice while posting the invoice
(Y) (N) Calculate the due date of the invoice and cash discount
(Y) (N) Calculate Cash discount in the payment term
41. When using the account clearing function the system chooses and matches those
existing items from the account that balances to 0. The system marks them as
cleared
and creates a clearing document.
(Y) (N)
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)
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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56. No Terms of payment are proposed when you post a credit memo, you can default
them
from original invoice by entering the document number in the invoice reference field
else
enter “V” in the invoice reference field so that terms of payment entered in credit
memo are valid.
(Y) (N)
57. Payments can be blocked in during posting, in the customer/vendor master record
or in terms of payment.
(Y) (N)
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58. A block key and payment method from payment term is defaulted in the line item
when payment term is used.
(Y) (N)
66. When the automatic clearing program is executed the base documents are
(Y) (N) Parked & Cleared in the system
(Y) (N) Posted and Cleared in the system
(Y) (N) Posted and Archived in the system
(Y) (N) Cleared in the system
(Y) (N) None of the above
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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)
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ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTING
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79. What is the maximum possible digit length of an internally generated customer
number
(Y) (N) 6
(Y) (N) 10
(Y) (N) 18
(Y) (N) 24
80. Which field on the customer master record controls whether we will accept an
incoming
payment for less than the amount invoiced
(Y) (N) Sort Key
(Y) (N) Tolerance Group
(Y) (N) Payment Term
(Y) (N) Payment Method
(Y) (N) Bank Key
81. What are the organizational entities for which the P&L and B/s can be generated
(Y) (N) Company Code & Business Area
(Y) (N) Company Code & Profit Center
(Y) (N) Company Code & Cost Center
(Y) (N) Profit Center & Business Area
(Y) (N) All the above
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83. Which of the following fields can be changed in the document change mode
(Y) (N) Allocation
(Y) (N) Posting Date
(Y) (N) Document Date
(Y) (N) G/L Account Number
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
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
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97. What dictates whether a document line item requires a tax code
(Y) (N) Tax code in the vendor/customer master record
(Y) (N) Tax category in the G/L master
(Y) (N) Optional entry in every transaction
(Y) (N) None of the above
98. What sort key is used to sort line items by document currency amount
(Y) (N) 001
(Y) (N) 003
(Y) (N) 005
(Y) (N) 006
99. What is meant by the option open item management in the G/L account mater
record
(Y) (N) The items on the account are always open
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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
103. It is must to create company code before any transaction processing in SAP
(Y) (N) True
(Y) (N) False
(Y) (N) Can’t Say
104. Company codes & Business Area are legal entity for which you create B/s
(Y) (N) True
(Y) (N) False
(Y) (N) Can’t Say
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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
113. Document type allows more than one account types while processing the
particular document type
(Y) (N)
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117. Only one company code can be attached to posting period variant
(Y) (N) True
(Y) (N) False
(Y) (N) Can’t Say
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
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The settings for Automatic Payment Program you make settings for
automatic outgoing payments to be processed by the payment program.
1. By assigning Paying company code to each company code you can have one
company code process payment transactions centrally for several company codes.
a. True
b. False
2. You can group payments using payment method supplements and therefore, for
example, control the sending of checks.
a. True
b. False
3. You cannot make down payments with the payment program and pay with bills of
exchange
a. True
b. False
4. You can specify the minimum amount for which an incoming or outgoing payment
is created for the Paying Company Code?
a. True
b. False
5. You can optimize by bank groups. This happens even if banks in the master
records are not assigned to a bank group defined by you.
a. True
b. False
6. If you optimize by postal codes, the house bank selection is determined by the
business partner's domicile. If you select the "Optimization by postal codes" field, you
can go directly to the activity for assigning house banks to an interval of postal
codes.
a. True
b. False
7. When processing a payment proposal, you can remove all payment blocking
indicators from items or enter them for items.
a. True
b. False
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You can use the dunning program to dun both customers and vendors.
Answer the following questions on Dunning?
9. The individual dunning areas within one company code can use different
procedures or the same dunning procedure.
a. True
b. False
10. The dunning area can be entered at the line item level
a. True
b. False
11. With the dunning keys, you can limit the dunning level for the Customer Master
Record
a. True
b. False
12, The Dunning Block key can be entered in an item or in the account of a business
partner.
a. True
b. False
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
17. Interest Rates Entered in Dunning specify which interest rate is to be used for
debit or credit balances
a. True
b. False
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FI PAPER: 11
a. True
b. False
20. You can differentiate the accounts by currency. Exchange gains and losses are
then posted to the accounts designated for the currency involved. If you do not want
to differentiate the accounts by currency, you require an entry with the currency
"blank" (this is the default value). The "exchange rate differences" key in the
company code-dependent part of the G/L accounts must also be empty.
a. True
b. False
21. The goods receipt/invoice receipt (GR/IR) clearing account is posted to whenever
you receive goods that have not been invoiced yet or whenever you receive invoices
for goods that have not been delivered yet.
a. True
b. False
22. You define the versions you need to create a balance sheet and profit and loss
statement In FSV besides G/L Accounts you can assign functional area intervals at the
lowest level of the structure, instead of account intervals?
a. True
b. False
To set up a cash journal, select the activity Cash Journal in Customizing for
Banking-Related Accounting under Business Transactions.
23. For Setting up Cash Journal you need to create a G/L account, for the cash journal
in the required company code
a. True
b. False
24. Several Cash Journals can be created in a company code but you need a unique
G/l account for Cash Journal maintained in each currency
a. True
b. False
25. You have to define a number range interval for cash journal documents within
G/L Accounting.
a. True
b. False
26. While Setting up Tax code in Cash Journal you can only make entries in this field
for accounting transaction types E and R
a. True
b. False
27. In order to print the cash journal and the cash journal receipts, you have to set
up the corresponding print program parameters per company code.
a. True
b. False
28. he Controlling Module and FI module can use Different Chart of Accounts as long
as G/L are mapped to respective Cost Elements
a. True
b. False
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29. A group COA can be assigned to the Alternate chart of account which is assigned
to the company Code
a. True
b. False
30. The filed status for filed status group can in “display” transaction can only be
display or hidden.
a. True
b. False
31. For document types with external number ranges, you have to define an
individual reverse document type because the system can make automatic reverse
entries only in document types that have internal number assignment.
a. True
b. False
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3. the field status of the text field in the header of a document is controlled by’
a. account type
b. document type
c. field status group
d. posting key
7. the field status of the field group account number in the G/L master is controlled
by the account group
a. completely true
b. partially true
c. completely false
8. the field status of the fields in the company code data are controlled by
a. account group
b. account type
c. transaction/activity type
d. chart of accounts
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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
17. every company code can have only one cash journal
a. completely true
b. partially false
c. completely false
18. every line item of a document needs to have a unique posting key
a. completely true
b. partially false
c. completely false
19. the document number range for reconciliation accounts can have external
numbering
a. completely true
b. partially false
c. completely false
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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
22. there can be any number of posting periods open for a company code
a. partially true
b. completely true
c. completely false
26. for getting the transaction figures for an account line item display needs to be
activated
a. completely true
b. partially false
c. completely false
27. all line item display accounts need to be open item managed
a. completely true
b. partially false
c. completely false
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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
35. bank G/L accounts are assigned to house banks, and all accounts under the house
bank have the same G/L account
a. partially true
b. completely true
c. partially false
d. completely false
36. the user can create his own transactions types for cash journal business
transactions
a. completely true
b. partially false
c. completely false
37. noted items
a. create only one line item
b. need to be identified in the special G/L transaction type as a noted item
c. are always available for credit control
38. which of the following statements are true
a. special G/L items post into a separate reconciliation account
b. the reconciliation account for the special G/L transactions is defined per
company code
c. statistical postings create only one line item
KEY
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ACADEMY: FINANCIAL ACCOUNTING
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
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6. When the automatic clearing program is executed, the base documents are
a. cleared and deleted from the system
b. cleared, deleted and archived from the system
c. cleared in the system
d. none of the above
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
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FI PAPER – 13
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ACADEMY: FINANCIAL ACCOUNTING
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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
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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
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\
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
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ACADEMY: FINANCIAL ACCOUNTING
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36. the fields available for posting in a transaction are controlled through the field
status group at
a. posting key level only
b. posting key and G/L account levels
c. G/L account level only
d. None of the above
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
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ACADEMY: FINANCIAL ACCOUNTING
FI PAPER – 13
45. what dictates whether a document line item requires a tax code
a. tax code in the vendor/customer masters
b. tax category in the G/L master
c. optional entry in every transaction
d. none of the above
46. what sort key is used to sort line items by document currency amount
a. 001
b. 003
c. 005
d. 006
47. an account with automatic posting only indicator can be posted from
a. FI module only
b. Specific modules other than FI
c. CO module only
d. HR & PP modules only
48. What is meant by the option open items management in a G/L account master
record
a. items on that account can never be cleared
b. items on that account can be cleared
c. no balances are available for that account
d. none of the above
49. what is meant by the option line item display in a G/L account master record
a. only line items can be displayed
b. only balances can be displayed
c. line items and balances can be displayed
d. none of the above
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ACADEMY: FINANCIAL ACCOUNTING
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
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ACADEMY: FINANCIAL ACCOUNTING
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
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ACADEMY: FINANCIAL ACCOUNTING
FI PAPER – 14
d. terminal
21. credit control area may consist of one or more company codes
a. completely true
b. partially true
c. completely false
d. partially false
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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ACADEMY: FINANCIAL ACCOUNTING
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32. transactions which have a financial impact generate along with other documents
a. material document
b. SD document
c. System document
d. Accounting document
36. document type allows more than one account types while processing the
particular document type
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ACADEMY: FINANCIAL ACCOUNTING
FI PAPER – 14
a. true
b. false
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
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ACADEMY: FINANCIAL ACCOUNTING
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46 field status variant and posting key both determine field status in
a. chart of account segment of master data
b. company code segment of master data
c. document type
d. none of the above
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ACADEMY: FINANCIAL ACCOUNTING
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d. local currency
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ACADEMY: FINANCIAL ACCOUNTING
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c. client level
d. none of the above
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ACADEMY: FINANCIAL ACCOUNTING
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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ACADEMY: FINANCIAL ACCOUNTING
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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ACADEMY: FINANCIAL ACCOUNTING
FI PAPER – 15
1. What are the essentials of SAP’s product strategy ( in just a few words)
2. MySAP business suite contains the following: (Choose the right answers)
a. cross industry solutions
b. industry solutions
c. technology
d. services
6. what are the new dimension products of SAP in cooperative business scenario
Navigation
1. You can only work in one window (session) at a time in an SAP system
a. true
b. false
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
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ACADEMY: FINANCIAL ACCOUNTING
FI PAPER – 15
6. you can also call the context sensitive SAP library using the F1 key
a. true
b. false
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
12. maximum no. of sessions a user can open when he logs on to SAP
a. one
b. three
c. five
d. six
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
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ACADEMY: FINANCIAL ACCOUNTING
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Basic settings
3. for what purposes are year specific fiscal year variants used
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
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ACADEMY: FINANCIAL ACCOUNTING
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14. what is the business unit where cost accounting is carried out in SAP
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
22. more than one plant can be attached to a single company code
a. true
b. false
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ACADEMY: FINANCIAL ACCOUNTING
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24. what are the three steps for standard procedure for procurement transactions in
FI
27. what document is created when receivables and revenues are posted in SD
module
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
33. in which case same document number will be taken for a new financial year
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
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ACADEMY: FINANCIAL ACCOUNTING
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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
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
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
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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ACADEMY: FINANCIAL ACCOUNTING
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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)
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
23. if we are using same chart of account in more than one company code
a. company code segments are same in all company codes
b. account name and account number is the same in all company codes
c. currency in company code segment in all company codes are same
d. the group account number is different in all company codes
24. the appearance of the company code segment of a G/L account is based on
a. account group entered in the chart of account segment
b. group account number entered in chart of accounts segment
c. assignment of group chart of accounts in chart of accounts
d. none of the above
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ACADEMY: FINANCIAL ACCOUNTING
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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
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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ACADEMY: FINANCIAL ACCOUNTING
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42. in case of G/L accounts, number ranges are attached to G/L accounts. a) true b)
false
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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ACADEMY: FINANCIAL ACCOUNTING
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50. you can display account balance of several related accounts through
a. account groups
b. sort key
c. worklists
d. totals variant
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
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ACADEMY: FINANCIAL ACCOUNTING
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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
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
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
14. the _____ group controls the field display during document entry
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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ACADEMY: FINANCIAL ACCOUNTING
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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
d. none of the above
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
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
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
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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ACADEMY: FINANCIAL ACCOUNTING
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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
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
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?
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
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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ACADEMY: FINANCIAL ACCOUNTING
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19. by mentioning base line date, cash discount periods and cash discount
percentage rate in payment terms system will calculate
a. due date of invoice and cash discount
b. due date only
c. cash discount only
d. none of the above
23. it is not possible to calculate the due date on fixed dates like end of month with
days calculation 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
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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ACADEMY: FINANCIAL ACCOUNTING
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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
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
1.all special G/L transactions are posted to G/L accounts 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
Automatic payments
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ACADEMY: FINANCIAL ACCOUNTING
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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
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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ACADEMY: FINANCIAL ACCOUNTING
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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
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
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
27. it is not possible to show the check with a value range by a user 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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ACADEMY: FINANCIAL ACCOUNTING
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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
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
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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ACADEMY: FINANCIAL ACCOUNTING
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17. the dunning text for dunning level 6 is stored in text module 616 a) true b) false
18. the last dunning level is equal to the legal dunning procedure a) true b) false
19. what is changed by the dunning run?
a. the date ‘last dunning run’ in the customer master record
b. the dunning level in the customer master record
c. the dunning level in the dunned document
d. the form specification in the customer master record for the next dunning
letter
e. the dunning procedure for the next dunning run in the customer master record
21.which is true
a. one time accounts cannot be dunned
b. we can assign two dunning procedures to customer master records
c. dunning procedure can process only standard transaction
d. interest can be posted at the time of dunning
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
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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ACADEMY: FINANCIAL ACCOUNTING
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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
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
7. what are payment advice notes used for in the lock box process in R/3
9. you have to maintain customer bank details manually in the master record to
ensure that as many incoming payments are assigned as possible
4. drill down report is a tool that enables to analyze sub ledger transaction figures
only a) true b) false
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ACADEMY: FINANCIAL ACCOUNTING
FI PAPER – 15
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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ACADEMY: FINANCIAL ACCOUNTING
FI PAPER – 15
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
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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ACADEMY: FINANCIAL ACCOUNTING
FI PAPER – 15
9. when you carry out automatic payment, bank through which payment is effected is
based on
a. ranking order of house banks
b. house banks maintained for specific business area
c. house banks entered in the parameters of the run
d. ranking order and available balance in the accounts
10. payment needs to be made against invoice with payment blocks created during
invoice verification. Payment block can be removed by
a. release block in MM
b. changing field entry from invoice document
c. by reallocating in payment proposal
d. cannot be removed
12. in which of the following processes do the original invoices remain as open items
a. residual payment
b. partial payment
c. charge off difference
d. distribute difference
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
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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ACADEMY: FINANCIAL ACCOUNTING
FI PAPER – 15
2. when we are valuating open items, without update for reversal of the adjustment-
posting after key date, user can define another posting date in place of key date + 1
a) true b) false
4. allocating costs to FI through external settlement – the G/L is updated on line / real
time a) true b) false
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ACADEMY: FINANCIAL ACCOUNTING
FI PAPER – 15
KEY
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
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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ACADEMY: FINANCIAL ACCOUNTING
FI PAPER – 15
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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ACADEMY: FINANCIAL ACCOUNTING
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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ACADEMY: FINANCIAL ACCOUNTING
FI PAPER – 15
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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ACADEMY: FINANCIAL ACCOUNTING
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
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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ACADEMY: FINANCIAL ACCOUNTING
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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ACADEMY: FINANCIAL ACCOUNTING
FI PAPER – 15
7. b
Country specifics
1. vendor invoice; payment document; checks
2. manual check; auto payment program-RFFOUS_C or RFFOD_S
3. true
4. true
5. false
6. service provided by banks to speed up collection and
processing of incoming payments
7. they contain detailed information about an incoming payment.
Lock box program uses the information to clear open items on
the customer account
8. assigned; partially assigned; on account; not processed
9. false
31
Financial Accounting-Topic Wise Questions
Chart of Accounts
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.
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.
Page 1 of 11
Financial Accounting-Topic Wise Questions
d. A business area and a company code are assigned to each other in the corporate
structure IMG
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.
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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Financial Accounting-Topic Wise Questions
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.
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Financial Accounting-Topic Wise Questions
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.
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
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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Financial Accounting-Topic Wise Questions
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
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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Financial Accounting-Topic Wise Questions
a. One time accounts must use an account group which has been defined specifically
for one time accounts.
b. A one time account group must use a different number range from all other account
Groups.
c. The vendor’s name and address are not held in the one time account master record.
d. Credit memos cannot be created for a one time vendor account.
e. You cannot change a one time account master record once it has been created.
31. Between which functions in the FI-MM module does a direct relationship exist? (Multi)
a. Requirement planning- Invoice Verification
b. Invoice verification- Account Payable.
c. Inventory Audit- Invoice Verification.
d. Purchasing – Invoice Verification.
e. Goods issue to a production order – G/L account.
Bank
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.
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Financial Accounting-Topic Wise Questions
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
Closing
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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Financial Accounting-Topic Wise Questions
Posting Period
Document Control
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
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.
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Financial Accounting-Topic Wise Questions
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
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Financial Accounting-Topic Wise Questions
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
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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Financial Accounting-Topic Wise Questions
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.
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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