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SAP FI Tips for Passing Certification

SAP FI Tips for Passing Certification

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11/18/2014

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SAP FI Tips For Passing Certification
 I passed my SAP FI certification ECC 6.0. I want to thank each one of them in the groupfor their support.People who are going to attend the certification exam kindly concentrate on the TFIN50 andTFIN52Tips for people who are going to attend the exam:
Understand the concepts. Don't memorize.
If possible kindly practice the configuration part (Not mandatory).
Do the preparation based on the syllabus not based on books. {You will be getting 99%from the syllabus}
You have to cover all the chapters.
 No straight Questions.
You will be getting chapter wise questions like AA, Masters, APP, NEW GL and soon..............“But one thing I can say if you are through with syllabus 'YOU' can easily pass”.Take the certification date only once you finish one round of study of all books.Two types of Questions:
Single answer questions {SAQ will be around 10 - 15 questions and remaining will beTrue/False}
A statement will be given. Based on that 4 to 6 options. You have to select each option isTrue or False.
Subject - No of questions Approx number of questions asked
Asset Accounting - 13 questions2 questions on depreciation area, 3 questions on asset class, 4questions on asset transactions and depreciationClosing Operations in FinancialAccounting - 51 question on M/E closing, 3 on Balance confirmationsDocument and Posting Control -14Main questions on cash discount, 1Q on Cross Co.Code, 1QDoc Reversal, 2Q on Foreign currency, 1Q on authorisation,1Q on FSG, 1Q on posting period, 1Q on tolerance group, NOquestions on TAX.Evaluation Options in Reporting -72 Q on list viewer and 3 questions on drill down reportFinancial Accounting Master Data- 153Q on Bank, 4Q on Customer, 3Q on Vendor, 2Q on GLPayment Program, Dunning 3 questions on payment program
 
Program, Correspondence, InterestCalculation - 6SAP Overview - 52 Questions related to MM, 1 on navigationSAP Solution Manager - 42Q on RoadmapSpecial General Ledger Transactions, Document Parking,Validation & Substitution - 61Q on Park & Post, 2Q on Splgl, 2Q on Substitution &ValidationThe New General Ledger -51 on Basics, 2 on document split, 1 on reports
SAP FI/CO Sample Questions and Answers 1
 1. About evolution in the world of business, we can affirmate that (Please choose the correctsentence):a) [ ] The internet revolution could turn available to companies the use of ERP functionality. b) [ ] The next generation of “new dimension” products appeared taking functionality out of the company, to bring value through extending the Internet Revolution.c) [ ] The internet has driven to a collaborative environment where value is created throughcollaboration within business comunities.d) [ ] In the first the companies were looking at Cost reduction and efficiency throughintegration of business comunities.2. About the definition of ERP and e-business functionalities, we can say that (Note: we can havemore than one correct sentence. Please select the sentences you think they are correct):a) [ ] ERP offers enterprise centric functionality (general ledger, payroll, order entry) tointegrate core, internal processes. b) [ ] ERP is mySAP Financials and mySAP HR.c) [ ] ERP is SAP R/3, while e-business is mySAP.com.d) [ ] About Business Model, ERP can be considered as enterprise centric and e-business, asextended and collaborative.e) [ ] About Architecture, ERP can be considered as an integrated system and e-business, as anintegrated system and an open integration platform.f) [ ] About Processes, ERP can have them integrated, core within enterprises and collaborative, beyond company boundaries.3. What is a SAP Business Object (Please choose the correct sentence)?a) [ ] It is all the transaction data generated via transactions. b) [ ] It is the instancied class of the Class Builder.c) [ ] It is composed of tables that are related in a business context, including the relatedappplication programs and it is maintained in the Class Repository.
 
d) [ ] It is the representation of a central business object in the real world, such as an employee,sales order, purchase requisition, invoice and so on.e) [ ] It is a sequence of dialog steps that are consistent in a business context and that belongtogether logically.4. About BAPI (Business Application Programming Interface), what is true (Note: we can havemore than one correct sentence. Please select the sentences you think they are correct)?a) [ ] It is a well-defined interface providing access to processes and data of business applicationsystems. b) [ ] BAPIs offer a stable, standardized interface for integrating third-party applications andcomponents in the Business Framework.c) [ ] A BAPI is assigned to one and only one business object.d) [ ] In the R/3 Enterprise version (4.7) we can use BAPI to create an internal order inside acustomized ABAP program.e) [ ] A business object in the Business Object Repository (BOR) can have many methods fromwhich one or several are implemented as BAPIs.5. What can we say about ALE (Application Link Enabling, Note: we can have more than onecorrect sentence. Please select the sentences you think they are correct)?a) [ ] Business processes cannot be distributed using ALE. b) [ ] The ALE concept is related to an enterprise structure with areas that have central tasks andareas with tasks that are decentralized.c) [ ] The applications are integrated via a central database.d) [ ] The applications are integrated via the message exchange.e) [ ] The ALE concept supports the implementation and operation of distributed SAPapplications.6. A company code is:a) [ ] an independent accounting entity (the smallest organization element for which a completeself-contained set of accounts can be drawn up). b) [ ] an organizational unit in an enterprise that represents a closed system used for costaccounting purposes.c) [ ] an organizational unit that provides an additional evaluation level for the purpose of segment reporting, for example.d) [ ] a dependent accounting entity, according to Fiscal Year.e) [ ] the highest level in the R/3 system hierarchy.7. Consider the following sentences:7.1. The variant principle is a three-step method used in R/3 to assign special properties to one or more R/3 objects.7.2. One of the disadvantages to use variants is that it can't deal with the maintenance of  properties, which are common among several business objects.

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