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Sap Fi Paper 16

Sap Fi Paper 16

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 Financial Accounting-Topic Wise Questions
Time 120 minutesChart of Accounts1.A chart of accounts ( Multi )a.can be allocated to multiple company codeb.can be defined as the group chart of accountsc.only contains definitions for G/L accountsd.can only allocated to one company code.2.Which of the following statements is true when configuring a group chart of accounts?a.In the company code segment of every operational account, the group accountnumber will be a required entry.b.The group chart of accounts is assigned to the company code in the company codeglobal 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 theoperational account number in the G.L. master.3.Which are true regarding operational chart of account. (Single).a.To perform allocations between companies codes in the controlling each companycode must be assigned to its own operational COA.b.A company code can choose to work with multiple operational COA.c.If cross company code controlling is required the same operational COA must beused.d.Company code with different base currency must work with there own operationalCOA.e.The operational COA is optional by co. code.Organizational Structure4.A client. ( Single )a.only contain a single chart of accountsb.may contain multiple charts of accountsc.only use one exchange rate typed.only have one controlling area5.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 byCost Center if cost center defaulted in cost element.b.A plant is a location in which inventory quantities and values are stored or manufactured.c.A Controlling area can comprise several company codes using different chart of accounts but must operate in the same currency.6.Which of the following statements is true ? ( Single Choice)a.A Company code can belong to more than one controlling area.b.A plant must be allocated to a company codec.A controlling area and a company code must have the same local currency.
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 Financial Accounting-Topic Wise Questions
d.A business area and a company code are assigned to each other in the corporatestructure IMG7.The productive indicator in the Company Code controls the following.
a.
Blocks Implementation Guide menu pathb. De-activates the delete documents and delete master data programsc. De-activates the Transport and Correction Request Systemd. Prevents the fiscal year variant from being changed in the Company Codee. Prevents the Chart OF accounts from being changed in the Company Code8.Identify the correct statementa.Business area is defaulted to a Co code in FI.b.Business area is mapped to a co. code in controlling area.c.Business area is used for internal P&L a/c and Balance sheet.d.Business area if activated in FI will necessitate an assignment in controlling areamaster record.e.Business area can be mapped to profit center in company in order to produce moreaccurate P&L account.Account Receivable9.Identify the correct statement(s) relating to how the main business processes are integratedin the SAP R/3 System. ( Multi Choice)a.A goods receipt is the recording of the movement of materials into the warehouse. InSAP, a financial document which updates the inventory account and an accruedliability account is createdb.The Invoice receipt and verification process compares the vendor invoice with thepurchase order and goods receipt. However, the corresponding financial transactionmust be entered through the financial module of R/3.c.In SAP, payment processing reduces the liability to a vendor and a company codescash balance, records discounts taken and disburses payment.d.A customer delivery is the transfer of the ownership of goods. A customer deliveryincludes, creation of a delivery document, picking the goods for shipment; physicallytransferring the goods to the customer and financially recording the goods issue.10.Please click on the button next to the correct answer.a.The business area can run across many company codes, i.e. all company codes canpost in all business areas.b.A company code may belong to more than One Controlling Area.c.Each company codes uses exactly one operating chart of accounts and onecontrolling area for assignmentsd.Business areas are used to create internal balance sheets and income statements.11.Which correspondence extracts all items in the chosen period from a customers accountdisplays the balance carried forward balance and a closing balance of the account ?a.Payment adviceb.Payment noticec.Account statementd.Dunning notice12.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.
 Page 2 of 11
 
 Financial Accounting-Topic Wise Questions
e.Information on each screen may be defined in configuration as mandatory,suppressed or optional, depending upon the company code. 13.Which of the following statements are correct?a.A FI customer master is divided by client level and company code level.b.In case of one-time customer you have to enter the customers address in thedocument itself.c.Address, control data, and reconciliation account are included in the client level of thecustomer.d.The most efficient way to create master records is to work with the external number range not internal number range. 14.Which of the following statements are correct?a.If a customer is also a vendor, the system can include outstanding AccountsReceivable invoice items in payment program.b.If a customer is also a vendor, the system can include outstanding Accounts Payableinvoice items when you clear incoming payment receipts for the customer.c.The reconciliation account defined on the customer master record is an account usedto reconcile CO transactions back to FI.d.All customer belonging to the same account group must be assigned to the samereconciliation account.e. The alternative payer is used to transfer outstanding receivable item to thealternative payers account.
15.
Which of following statements are correct? [mul]a.The customer master data comparison the customers in the legacy system with thecustomers in the R/3 System.b.The customer master data comparison compares which master records are alreadycreated in financial accounting but not yet created in sales and distribution.c.The customer master data comparison compares which master records are alreadycreated in purchasing but not yet in sales and distribution.d.The customer mater data comparison checks whether the customer master recordcontains a telephone number.Vendor Master 16. Which statement is true? (Multi)a.In Vendor master record it is possible to activate a check for duplicate invoice at docentryb.If you delete a vendor master record, data is automatically deleted on both chart of account level and co. code level.c.Changes to vendor master records can only be displayed using central function.d.You can block a vendor to prevent financial transaction postings for one co. code or for all co. codes.e.Bank master data for vendor can only be created with in customizing.17.Which of the following statement about one time account are correct.a.Must use account group defined for one time vendor.b.One time account group must use defined number range.18.Which of the following about vendor transaction is correct. (Multi)a.Vendor down payment is shown on balance sheet under normal reconciliationaccount for payables.b.Special g/l transaction is one, which is included in spl purpose ledger under codingblock in G/L account.c.A vendor down payment request cannot be included in payment program to producedown payment
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are these authoritative answers? are these real SAP Certification questions?
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