1- A client...

May only have one controlling area May only use one currency type May only contain a single chart of accounts May contain multiple charts of accounts 2- Which of the following statements support the definition of account group(Single) Determines in which number range the General ledger accounts number must reside. The account group controls the appearance of Chart of accounts segment and Company code segment of a General ledger account. When creating a new general ledger account, the account group is an optional entry. Pre-defined account groups are not delivered with R/3 Number intervals for General ledger accounts master records must be the same as used for accounts receivable and accounts payable. 3- 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 ? Dunning notice Payment advice Account statement Payment notice 4- What steps have to be completed before you can generate asset classes form G/L accounts? Screen layout variants Number range intervals Asset classes Account determinations Account selection 5- What does SAP call the new asset value display transaction? Accounts Viewer Accounts Explorer Item Explorer Asset Explorer Asset Viewer 1

6- Which of the following statements are correct? In case of one-time customer you have to enter the customers address in the document itself. A customer master is divided by client level and company code level. The most efficient way to create master records is to work with the external number range not internal number range. Address, control data, and reconciliation account are included in the client level of the customer. 7- Where are posting periods defined? Posting period variant. Fiscal year variant. Closing period variant. Field status variant. 8- Closing of period is controlled by. Posting Period variant. Field status variant Fiscal year variant. Closing period variant. 9- Where are the posting period defined? (Single) Fiscal year variant. Posting period variant. 10- Which of the following statements about creating customer master records are correct? The company code is always a required entry. Information on each screen may be defined in configuration as mandatory, suppressed or optional, depending upon the company code. An account group always gets assigned to a customer. The account number may be assigned by the user externally. Information on each screen may be defined in configuration as mandatory, suppressed or optional, depending upon the account group.

11- Which of the following statements about asset data transfer from a previous system are correct? Transferring asset data during the fiscal year is only possible on July 1 of the given year.

During the asset transfer, you can specify the order in which the depreciation are appear. During the asset transfer, you can enter either the APC or the net book value. When you transfer asset data during the fiscal year, the system automatically determines replacement values and insurable values using batch input. When you transfer asset data during the fiscal year, you must enter the last depreciation posting period from your previous system in the SAP R/3 System. 12- Which of the Following statements about automatic payment are correct ? The payment program can pay vendor invoices using wire transfers and checks Direct debiting or bank collection can be used in automatic payment procedures to clear customer invoices. Special G/L transactions(down payment)can be posted using the payment program In automatic payment procedures, all incoming invoices as of the second dunning level are paid automatically Open items posted to G/L accounts can be cleared using the payment program 13- What are the functions asset class? Asset number assignment. Cost Center determination. Screen layout Account allocation Definition of default value 14- Which component relate to the schedule manager Appointment calendar of management Flow definition Monitoring of working hours. Scheduler for scheduling tasks Monitor

15- Which of the following statements are correct? All customer belonging to the same account group must be assigned to the same reconciliation account. If a customer is also a vendor, the system can include outstanding Accounts Payable invoice items when you clear incoming payment receipts for the customer. The alternative payer is used to transfer outstanding receivable item to the alternative payers account. The reconciliation account defined on the customer master record is an account used to reconcile CO transactions back to FI. If a customer is also a vendor, the system can include outstanding Accounts Receivable invoice items in payment program. 16- For each depreciation area you need to specify whether you want to ? automatically post values online post asset values at periodic intervals post depreciation at periodic intervals to the general ledger Post to business areas use index classes 17- Expenses in FI that are relevant to cost accounting are recorded in Co using ? Primary Expense elements Secondary Cost Elements Secondary expense elements Primary cost elements 18- What is a flow definition? A document in which period end closing has been defined. A spreadsheet containing details of every thing needed for a period end closing. A job started under the control of schedule manager. A simplified workflow with programs, fork, user decisions and other workflows included as possible tasks. A flow sequence that you can schedule comprising task types such as programs transaction notes and so on.

19- Imagine the following scenario:A company wants to execute a payment run on a daily basis and process several company codes at the same time. If the amount exceeds US$ 1000, the vendors are to be paid by bank transfer, amounts less than US$ 1000 are to be paid by check. The customer has two house banks and wants all checks to be processed by bank A and all Payments by bank B You specify, per house bank, whether payments are to be made by check only or also by transfer You can precisely schedule the print program from within the application You store variants for print programs within customizing. Here you can specify that the information is to be output to a data carrier You specify the payment method from within the application in the master record The payment proposal of the automatic payment program can only be displayed 20- Identify the correct statements. Validations are not possible at the line item level in SPL. Validation must be assigned to an organization structure. Validation may be nested instead of substitutions. Validation can be activated for on-line postings while at the same time be turned off for batch input. Validation can use sets instead of fields when performing the pre-requisite. 21- 6. Where are the posting period defined Fiscal year variant Field status variant Closing period variant Posting period variant 22- Which of the following statements about year-end closing are correct? Once the year-end closing was successfully completed, the system automatically changes certain entries in Customizing (closed fiscal year) You carry out year-end closing before the fiscal year change During year-end closing, the program checks if the year-end closing can be carried out. You cannot create and post to new fixed assets until The year-end closing is successfully completed

23- are true regarding operational chart of account (Single). The operational COA is optional by co. code. To perform allocations between companies codes in the controlling each company code must be assigned to its own operational COA. Company code with different base currency must work with there own operational COA. If cross company code controlling is required the same operational COA must be used. A company code can choose to work with multiple operational COA. 24- Which is correct only correct answers are? Customer master is divided by client level & co. code level. In case of one time customer customer address is stored in document. 25- When entering a document using a foreign currency, which date is used to determine the exchange rate if the translation date is not entered? Document date Entry date Baseline date Posting date 26- Which is correct ? If a customer is also a vendor system includes outstanding account receivables invoice items in the program. If a customer is also a vendor system includes outstanding account receivables invoice items ---27- According to which criteria does the payment program determine and select open items? posting date and payment terms posting date and cash discount periods posting date and baseline date baseline date and payment terms document date and posting date 28- A chart of accounts (Multi) only contains definitions for G/L accounts can be defined as the group chart of accounts can only allocated to one company code. can be allocated to multiple company codes 6

29- Which of the following statements are correct? The most efficient way to create master records is to work with the external number range not internal number range. In case of one-time customer you have to enter the customers address in the document itself. A customer master is divided by client level and company code level. Address, control data, and reconciliation account are included in the client level of the customer. 30- Which of the following statements supports the reversal of a document? Documents originating in other modules should be corrected there to allow the changes to flow naturally through to financial accounting. The original document contains no cleared line items. A new document number is created for the reversal document. If a reversal date is not specified, the system reverses the document using the posting date of the document to be reversed. 31- Which correspondence extracts all items in the chosen period from a customers account, displays the balance carried forward and a closing balance of the account ? Dunning notice Payment notice Account statement Payment advice 32- Identify the correct statement(s) relating to how the main business processes are integrated in the SAP R/3 System ( Multi Choice) 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 A purchase requisition is a documented request to purchase goods or services. In SAP it can be created manually or automatically. 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. In SAP, payment processing reduces the liability to a vendor and a companys cash balance, records discounts taken and disburses payment. 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. 7

33- Which of the following statements are correct?[ Posting keys are used to define the screen layout for document entry and take priority over other field status groups. 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. Validations and substitutions can be carried out in FI but not in the Special Purpose Ledger 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. 34- Which statement is true If you delete a vendor master record, data is automatically deleted on both chart of account level and co. code level. Changes to vendor master records can only be displayed using central function You can block a vendor to prevent financial transaction postings for one co. code or for all co. codes In Vendor master record it is possible to activate a check for duplicate invoice at doc entry Bank master data for vendor can only be created with in customizing 35- 8. The date format can be defined by the following System. Company User. Plant 36- What additional functions do asset classes offer? Enter allowed entries for user fields Enter default values for asset master data Enter default values entries for depreciation area Define allowed company codes Specify required entry fields for asset master data

37- Which of the following are true regarding additional currencies in FI ? The currency used in Profit center accounting can be different than the one used in Controlling for Cost Centers. If two company codes are mapped to the same controlling area the two controlling currencies can be chosen. If the group currency is chosen as an extra currency in FI then an additional ledger must be configured to record it. Exchange rate gains or losses for each valuation method used for each currency can be posted to separate GL accounts. 38- Which of the fol statements about creating customer master rec are correct? Info on each screen may be defined in config as mandatory, suppressed or optional, depending upon the acc group. Info on each screen may be defined in config as mandatory, suppressed or optional, depending upon Coy Code. The acc number may be assigned by user externally. An account group always gets assigned to a customer. The coy code is always a req entry. 39- 1. Which of the statement is true Check Deposit and bank statement function. Permits customer to tailor the entry screen for check deposit and manual bank statement to there own needs. Can be use if you do not have cash management module in production Require bank G/L account to be classified into main bank account and bank sub account. Use the same account determination logic. Require the cash position and liquidity forecast. 40- Identify the correct statements. ( Multi Choice Due to the integrated nature of SAP, there are certain core organization element that cut across the modules. Client and company code are two of these core elements. All areas of an organization that are to be integrated into the R/3 Production system should be included under one client. The term client dependent refers to tables or data that relate only to the client which was accessed during the log on process. To determine the number of clients required, the focus is placed on data access and sharing strategies.

41- Identify the correct statements Due to the integrated nature of SAP, there are certain core organization element that cut across the modules. Client and company code are two of these core elements. All areas of an organization that are to be integrated into the R/3 Production system should be included under one client. To determine the number of clients required, the focus is placed on data access and sharing strategies The term client dependent refers to tables or data that relate only to the client which was accessed during the log on process. 42- When you create a G/L account the following entries must always be assigned to the account? Short text. Balance sheet a/c & P&L statement type. Consolidation trading partner. Account Group. Sample account number 43- Which of the following are true! All G/L bank master records in the standard delivered system have an a/c type of B. Sample accounts despite not having a specific account type are master records stored at the COA level Key words may be input as search criteria on a G/L master for use with only one Co. code Multiple currencies can be assigned in G/L master record to facilitate reporting A G/L account will have the changes made to it if any tracked in a separate date base. 44- In manual bank statement customizing, you must? Define a posting type Define an internal activity Define an account symbol Define a currency Define a posting rule 45- What controls the number assignment assigned to a financial document in R/3 The number range assigned to the account group The number range assigned to the Posting key The number range assigned to the document type The field status group 10

46- Which of the following statements about manual depreciation (for example unplanned depreciation in FI-AA) area true? Manual depreciation is initially shown as a planned value after entry and only posted when the depreciation posting report is run. After entering manual depreciation in FI-AA., you also need to enter it manually in FI/CO. Manual depreciation usually only applies to depreciation areas which you choose when you enter the document.(PIII 168) You cannot post manual depreciation in FI-AA Manual depreciation is posted immediately after entry(real time). 47- What controls the number assignment assigned to a financial document in R/3 (single). The number range assigned to the document type The field status group The number range assigned to the Posting key The number range assigned to the account group. 48- What controls whether a line item is a debit or credit and specifies the type of a line item. Document type Account group Posting key. Field status 49- In manual bank statement customizing, you must : Define a posting rule Define a currency Define a posting type Define an account symbol Define an internal activity 50- An account group? Defines the number range for a master record. Is defined for every company code. Uses a field status group to control the field layout for the maintenance of mater records. Determines one-time accounts for accounts payable and accounts receivable. account for

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51- Identify the correct statement(s) regarding organizational elements within the R/3 System ( Multi Choice) A plant is a location in which inventory quantities and values are stored or manufactured. A profit center is used to generate income statements and operating profit statements. A Controlling area can comprise several company codes using different chart of accounts but must operate in the same currency. The Purchasing Organization is responsible for the purchasing for only one plant. The Sales area combines the sales organization, distribution channel, and division. 52- What do you need to do to create an opening balance sheet in the R/3 System at the end of an ongoing year? Carry forward the balance of each balance sheet account into the new fiscal year by running a year end program. Execute program SAPF10011 in the old year. Carry forward your FI Customizing settings into one of the special periods. There is no need to do anything. 53- The integration between FI and CO is realized using. An additional account assignment with specification of the assignment object. A batch input job to move the values from one to the other. An online job in internal cost accounting without an additional account assignment. An additional background job in internal cost accounting without an additional account assignment A number of condition tables and access sequence. 54- You have several options for creating G/L accounts. Which of the following statements are correct? You can create a G/L account in a company code using a samples account. You can create a G/L in a controlling area if you specify the chart of accounts and the company code. You can create a G/L account in a company code without using a sample account. You can create a G/L account when settling an order. You can create a G/L account in chart of accounts

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55- Between which functions in the FI-MM module does a direct relationship exist? Purchasing Invoice Verification Inventory Audit- Invoice Verification Requirement planning- Invoice Verification Goods issue to a production order G/L account. Invoice verification- Account Payable 56- Co. code 1000 needs to classify operating expenses that cannot directly be attributed to sale according to the requirement of cost of sales accounting. This classification is made using which of the following. Functional Area Cost center. Profitability segment. Profit center 57- Which type of currency will R/3 always track when posting a document? Transaction currency Group currency Local & transaction currency. Group & transaction currency Local currency 58- Which of the following statements is true when configuring a group chart of accounts? (single) When the assignment is made between the group and operational chart of accounts, the field group account number becomes an optional entry. A special financial statement version has to be used. A one to one relationship exists between the group account number and the operational account number. In the company code segment of every operational account, the group account number will be a required entry. The group chart of accounts is assigned to the company code in the company code global parameters screen. 59- Closing of period is controlled by? Closing period variant Field status variant. Posting Period variant. Fiscal year variant. 13

60- Usually one Chart of Depreciation is defined for each country. At which level is the chart of Depreciation created? at System level at Chart of accounts level. at Company Code level at Client level. at Business area level. 61- Which of the following statement affect creating customer master records are correct? Co. code is always a reqd entry. Account number may be assigned externally. An account group gets assigned to customer 62- Which of the following statements are correct ? A house bank can be assigned to a business area within the payment program configuration The payments program can use a different House bank for each different payment method When creating a House bank, you do not need to specify the country. House bank master data must be created in advance, before assigning the House bank to a payment method in the payment program configuration A House bank account can be defined in more than one currency 63- Which of the following factors does the system take into account in a payment run? Specifications made when maintaining the payment run parameters Fiscal year variant Payment method specifications in the IMG Information in the documents (incoming invoices) Specifications in the vendor master records 64- Which of the following statements regarding year-end closing are correct? The system creates the balance carried forward for every balance sheet account for new fiscal year. Posting during the Balance Carry forward program is possible. The p&l accounts balance is transferred to a Retained Earnings account. You determine the retained earning account as part of the selection criteria when executing the Balance Carry Forward program. The balance carry forward program can be run at any time during the fiscal year.

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65- Which of the following statements about creating customer master records are correct? The company code is always a required entry An account group always gets assigned to a customer. Information on each screen may be defined in configuration as mandatory, suppressed or optional, depending upon the company code. Information on each screen may be defined in configuration as mandatory, suppressed or optional, depending upon the account group. The account number may be assigned by the user externally. 66- Which of the following statements are correct ? A house bank can be assigned to a business area within the payment program configuration When creating a House bank, you do not need to specify the country. A House bank account can be defined in more than one currency House bank master data must be created in advance, before assigning the House bank to a payment method in the payment program configuration The payments program can use a different House bank for each different payment method 67- Which of the following statement about one time account are correct Must use account group defined for one time vendor. One time account group must use defined number range. 68- Which of the following statements are correct? The alternative payer is used to transfer outstanding receivable item to the alternative payers account. If a customer is also a vendor, the system can include outstanding Accounts Payable invoice items when you clear incoming payment receipts for the customer. All customer belonging to the same account group must be assigned to the same reconciliation account. If a customer is also a vendor, the system can include outstanding Accounts Receivable invoice items in payment program. The reconciliation account defined on the customer master record is an account used to reconcile CO transactions back to FI.

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69- Bank accounts should be controlled as follows when Cash Management is in use: The value date in the field status string for both the main bank account and the bank clearing account must accept entry. Both the main bank account and the bank clearing account permit line item displays. Open items are managed for both the main bank account and the bank clearing account. The cash-relevance flag in the master records for both the main bank account and the bank clearing account must be set. The main bank account and the bank clearing account use the same sort key. 70- Which of the following statements are true with regard to the customizing setting for banks in the automatic payment run? The sequence of the banks for processing outgoing payments is selected randomly You can determine the banks to be used for payments according to postal code You can select several payment methods per country You can specify by bank and method the anticipated number of days before the bank account is debited You can only determine one payment method per house bank 71- 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? The reconciliation account The house bank and payment method The company code The payment terms and payment block 72- Which of the following about vendor transaction is correct. A vendor down payment is cleared after final invoice is received from vendor. A vendor down payment request is a noted item. A vendor down payment request cannot be included in payment program to produce down payment Special G/L transaction is one, which is included in spl purpose ledger under coding block in G/L account Vendor down payment is shown on balance sheet under normal reconciliation account for payables.

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73- Which of the statement is true Check Deposit and bank statement function. Permits customer to tailor the entry screen for check deposit and manual bank statement to there own needs. Require the cash position and liquidity forecast. Require bank G/L account to be classified into main bank account and bank sub account. Use the same account determination logic. Can be used if you do not have cash management module in production 74- Choose the correct statements regarding the document posting & entry dates of accounting documents? The doc date must be the same as the invoice date The posting date must be the same as entry date The posting period is determined by the doc date The posting period is determined by the posting date The entry date is the same as operating systems date 75- The time of the first acquisition posting to the asset sets the following fields in the master of asset? the depreciation key the date of capitalization the depreciation start date per depreciation area the depreciation start date per depreciation area 76- What controls whether a line item is a debit or credit and specifies the type of account for a line item Posting key. Account group Document type Field status 77- 2. Which type of currency will R/3 always track when posting a document? Group currency Local currency Group & transaction currency Local & transaction currency.

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78- TRUE & FALSE about Activity Types: It serve as tracing factor for this cost allocation. The internal activity allocation is carried out via primary cost elements, which are stored in master data of the activity type master record. It classifies the specific activities provided by a cost center along cost allocation line. The system calc the associated cost based on the activity price & generates a credit to the receiver & a debit to the sender for both the quantity & the costs. 79- Identify the benefits offered by the mySAP.com Market place Reduce interaction costs with external partner. Personalized home page available for registered user. Content rich communities available for better decision-making and to interact with other business partner. Streamlined business process flow with one step business. Access to broad scope of supplies. 80- Which are true regarding operational chart of account. The operational COA is optional by co. code. If cross company code controlling is required the same operational COA must be used Company code with different base currency must work with there own operational COA. To perform allocations between companies codes in the controlling each company code must be assigned to its own operational COA. A company code can choose to work with multiple operational COA 81- Identify the correct statement(s) relating to how the main business processes are integrated in the SAP R/3 System. ( Multi Choice) 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. In SAP, payment processing reduces the liability to a vendor and a companys cash balance, records discounts taken and disburses payment. 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. A purchase requisition is a documented request to purchase goods or services. In SAP it can be created manually or automatically. 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 18

82- Intergration with MM: An asset purchase order is created in Purchasing. The goods receipt is posted on a value basis. Invoice verification then posts the invoice. What is the name of the auxiliary account used for all of these transactions? Asset purchasing clearing account. MM/FI clearing account. Vendor asset acquisition clearing account Asset acquisition clearing account. GR/IR clearing account.

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