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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 3. SAP a. b. c. d. business object consists of attributes methods attributes and methods none of the above
4. what is long form of BAPI 5. BAPI is assigned to one and only one business object a. true b. false 6. what are the new dimension products of SAP in cooperative business scenario 7. what are two major elements of mySAP.com Navigation 1. You can only work in one window (session) at a time in an SAP system a. true b. false 2. which of the following statements accurately describe a client in an SAP system a. a client represents a completely independent business entity b. a client has its own database c. a client corresponds to a customer d. a client may represent an entire company 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 4. you a. b. c. d. e. can use the F1 key to display an explanation of a field’s uses display a list of possible input values change your user data (e.g., the logon language) end the session you are in display detailed
ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 5. you a. b. c. d. e. can use the F4 key to start another session display detailed technical information on a program call the SAP library display possible entries for an input field create a print request of the screen currently displayed
6. you can also call the context sensitive SAP library using the F1 key a. true b. false 7. the a. b. c. d. e. f. following personalization options are available in the SAP-GUI you can change the font size (within limits) you can have system messages displayed in a dialog box you can change the size of input fields you can suppress the display of pictures every user can display a picture of their choice on the SAP easy access screen you can use a personal input history on your front end
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 10. R/3 system contains a. database server only b. application server only c. presentation server only d. all of the above 11. all a. b. c. data and programs are contained in application server database server none of the above
12. maximum no. of sessions a user can open when he logs on to SAP a. one b. three c. five d. six 13. what are the three servers of R/3 system 14. to delete the current session, what command is used 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
Overview of financial accounting 1. One chart of accounts
ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 a. b. c. d. can be assigned to several company codes can be defined as a group chart of accounts only contains definitions of G/L accounts can only be assigned to one company code
2. which statements are correct: a. the field status tool bar controls the document type, the posting key and the account no. b. you can control the issue of document nos., via the account type c. the tax rate and tax indicator are pre-set by SAP for each country d. you can use the field status tool bar to control the characteristics of the document fields 3. the a. b. c. d. length of G/L account no. should be mentioned in G/L account groups G/L account Chart of accounts None of the above
4. Which of these statements on document principle are correct a. R/3 can assign the document nos. always b. A business event can trigger only one document within R/3 c. Each business event creates an account document in R/3 d. R/3 will link related documents in the system 5. All FI entries will be repeated in CO module also a. true b. false Basic settings 1. You can assign a business area to a company code directly a. true b. false 2. which of the predefined fiscal year variants are a. calendar year b. year specific 3. for what purposes are year specific fiscal year variants used 4. name the tools for maintaining the exchange rates 5. what keys are used to define currencies 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 8. fiscal year which is a calendar year can have a. 12 normal periods b. less than 12 normal periods c. more than 12 normal periods
two local currencies c.what are the two segments of a chart of accounts 20. what is the business unit where cost accounting is carried out in SAP 15. 12 periods b. any no. business areas are used for reporting across company codes d. true b. shortened fiscal year can have a. how many characters does a company code have 17. in case of non calendar fiscal year. company can use direct exchange rate only c. purchasing is done by what organization and for whom 4 . true b. what is the highest level element of organizational units 14. one chart of accounts cannot be assigned to more than one company code a. should have less than 12 periods 10. false 19. false 23. true b. business areas are company dependent a. more than one plant can be attached to a single company code a. of local currencies d. true b. none of the above 11. less than 12 periods d. business areas are company code specific b. company code can have a. company can use indirect exchange rate only b. business areas are assigned to company codes c. at what level is vendor account defined 22. which chart of accounts is used for consolidation 21. which of the following is true in relation to SAP features a. more than 12 periods c. false 16. company can use both indirect and direct exchange rates 12. false 18. annual displacement indicator is used a. none of the above 13. which of the following is true a. one local currency only b.ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 9.
false 33. true b. true b. you can close a financial year even if you have parked documents a. what is the element other than document header in an FI document 32. false 27. what does a tax code contain 42. true b. group chart of accounts is used for consolidation a. more than one cash journal can have the same cash account a. more than one plant can be attached to a single company code a. false 37. false 35. false 31. what is a base amount 41. several company codes can use the same posting period variant a. reconciliation account type for vendor is K and for customer it is D 5 . document no. in which case same document number will be taken for a new financial year 34. what is the main criteria for defining asset 29. what document is created when receivables and revenues are posted in SD module 28. false 40. what are the three steps for standard procedure for procurement transactions in FI 25. true b. true b. G/L account/posting keys contain further specifications for account assignment in tax calculation procedure a. true b. true b. what is the central organizational structure in profitability analysis 26. range can be both internal and external a.ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 24. at what level a vendor account is defined 36. false 39. what areas are used to keep more than one valuation basis for depreciation 30. true b. false 38. one company code may contain several sales organizations a.
if an account is managed with open items. a) true b) false 7. one number range can only be assigned to one account group a) true b) false 16. G/L accounts with open item management must have line item display activated a) true b) false 9. a complete vendor account consists of the following parts: __________________ 14. to which are company codes and business areas attached Master records 1. _______ no. Reconciliation accounts are updated on a daily basis. You maintain a customer/vendor master records ____________ if you create the FI segments at the same time as the SD/MM segments 6 . because company codes use different operational chart of accounts. The ________ controls the field display for the company code data in the G/L account master record 5. Name possible field status definitions in the order of their priority 3. false 44. true b. true b. __________ contain the total of the transaction figures for the corresponding sub ledger groups 6. in consolidation. the customer/vendor accounts must always be maintained centrally a) true b) false 15. a complete customer account consists of the following parts: _____________ 13. You can always display the line items of a G/L account a) true b) false 8.ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 a. you cannot carry out cross company code controlling a) true b) false 12. assignment means that the R/# system assigns the number automatically 17. false 43. G/L accounts that are managed in local currency can only be posted to in this currency a) true b) false 10. Different company codes can use the same____________ 4. A G/L account consists of which segments 2. then line item display must be activated a. G/L accounts that are managed in foreign currency can only be posted to in this foreign currency a) true b) false 11.
match code before creating the new account b. copy chart of account segment from other company code 23. chart of accounts d.ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 18. the G/L account name of the house banks has to concur to the name in the bank key directory b. customer / vendor master records can have ________ or ________ no. the G/L account names of the house bank can be defined to company code that differ from the chart of account 22. viz: ______ (tab pages) 20. d. account group entered in the chart of account segment b. G/L accounts have ________ no. code data of a customer/vendor master record consists of _____ areas. a G/L account consists of a chart of accounts and one or more company code segments b. currency in company code segment in all company codes are same d. assignment. creation of duplicate accounts in AP is prevented by using a. sensitive dual control 7 . the group account number is different in all company codes 24. assignment 19. the G/L account name of the house bank is defined in chart of accounts e. none of the above 26. the accounts group controls the screen layout of the chart of accounts segment c. you can directly post to the reconciliation accounts e. the appearance of the company code segment of a G/L account is based on a. field status c. all G/L accounts must carry a tax indicator d. assignment of group chart of accounts in chart of accounts d. the co. the name for the G/L account at the house bank is freely definable c. account name and account number is the same in all company codes c. create chart of account d. if we are using same chart of account in more than one company code a. the account currency is stored in the chart of accounts segment 21. create both company code segment and chart of segment c. group account number entered in chart of accounts segment c. the appearance of an account master data is based on a. add company code segment to chart of accounts segment b. True / false a. the G/L account becomes complete if we a. account number b. the G/L account name of the house bank can contain the name of the bank and the account no. which statements regarding the bank master records are correct a. none of the above 25. company code segments are same in all company codes b.
specific to client c. retained earnings account is a. the G/L account name for house banks are user definable c. account group controls the document field status b. G/L account names for house banks can be different from those in chart of accounts 31. In AP & AR. Tax codes are time dependent a) true b) false 37. d. Tax codes are created and operated at country level a) true b) false 35. specific to chart of accounts d. all of the above 30. chart of accounts can have on retained earnings only e. account group controls the master record field status d. which of the following is true a. the G/L account names for house banks are defined in the bank directory e. Currency is a required field entry while creating G/L master a) true b) false 33. account group controls the number range c. account group cannot be created with external number range a) true b) false 39. G/L master created is always for all company codes in R/3 a) true b) false 32. Jurisdiction codes are not used at all while creating tax codes a) true b) false 38. specific to company code b. company code can have more than one retained earnings account c. chart of accounts view of G/L account keeps the data like general data a) true b) false 8 . Reconciliation account definitions are available in general data and vendor master a) true b) false 40. which of the following statements are correct a. Tax codes are created at company code level a) true b) level 36. which of the following is true a. none of the above 29. chart of accounts can have more than one retained earnings account d. switching on automatic duplication check d. 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. at company code level. none of the above 28. none of the above 27.ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 c. company code can have one retained earnings account only b. the G/L account names for house bank could be the bank name and account no. the G/L account name for house banks must match the names given to the house bank in the bank directory b.
amount. amount. you can carry forward P&L account balances to a. account currency is different from company code currency d. exchange rate maintained for type G d. opposite dr/cr indicator c. classifying transactions pertaining to cash flow d. in case of G/L accounts. field status of master fields and number range d. a) true b) false 43. number range and whether accounts are P&L / B/S 44. account currency is same as local currency of company code c. you can clear open items only when they have same a. default exchange rate picked up during FI document entry is a. all accounts b.ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 41. business area. Name them 42. field status of master fields c. number ranges are attached to G/L accounts. opposite dr/cr indicator and same entry 49. all accounts managed on open item basis c. exchange rate maintained for type B b. multiple retained earnings accounts automatically b. foreign currency valuations on G/L accounts are performed on following accounts a. amount. under all circumstances 45. fiscal year variant can be of two types. opposite dr/cr indicator and same entry in fields that are configured for auto clearing b. you can post transactions to an account in any currency only if a. multiple retained earnings accounts through period end closing d. account groups are used to control following properties a. single retained earnings accounts automatically c. planning memo entries in treasury c. there is no default exchange rate type 48. field status of transaction field b. exchange rate maintained for type M c. generating G/L planning b. opposite dr/cr indicator d. single retained earnings account through period end closing 47. classifying G/L accounts as per B/S format 46. business area. planning levels in G/L accounts are used for a. field status of master fields. all accounts managed on open item basis and all accounts with currency different from local currency 9 . account currency is not maintained b.
internal/external d. G/L line items d. balancing company code level B/S for inter company transactions c. posting vendor/customer reclassification at BA level 52. dr/cr indicator. account types. account assignment models c. internal b. recurring documents 54. 2 local currencies. 2 local currencies. dr/cr indicator. field status of transaction screen. work lists d. special G/L applicability d. account groups b. 3 local currencies. manually assigned 57. field status of transaction screen. document number must be a. coa b. account types b. how many parallel currencies are possible and at what level they are assigned a. document currency c. chart of account currency d. posting adjustment entries for changed reconciliation accounts d. Invoice receipt against GR 53. you run BA/PC adjustments for a. Posting keys are used to decide a. company code d. special G/L applicability 55. when you reverse a posted document. dr/cr indicatgor. G/L line items c. worklists d. local currency b. external c. 3 local currencies. accounts managed on open item basis having foreign currency transactions and all accounts with account currency different from local currency 50. customer/vendor line items b. company code 56. sample documents b. any currency for which customization is done 10 . field status of transaction screen.ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 d. easily entered document entry templates are called a. account types c. dr/cr indicator. totals variant 51. C/V. balancing BA level B/S for inter BA transactions b. you can display account balance of several related accounts through a. financial statements can be generated in a. sort key c. coa c. fast entry screens in FI are used to enter a.
each ______ has a field status group 16. then it will be an ______ in document entry screen 12. 17. text is hidden as per field status group. at the beginning of a new fiscal year. the authorization group in the posting period variant applies only to authorization for posting in special periods a) true b) false 11 . the _____ group controls the field display during document entry 15. the account range in the posting period variant consists of ________ 19. assignment 3. no more than two periods can be open at the same time a) true b) false 21. ranges must not overlap a) true b) false 8. then it will be a ______ in document entry screen c) if text is required as per posting key. range a) true b) false 7. from following. what are the standard posting keys for G/L account postings and on which side of the account do they post to 13. the posting period variant is assigned to the ____________.what are the most important control functions of the document type 2. ________nos. a posting period variant must contain at least one line with the entry _____________ 18. this is _______no. the system always starts the document no. state how the text field will be treated on document entry screen a) if text is hidden per posting key. then _____ will be in document entry screen b) if text is optional as per posting key. posting periods are opened and closed automatically a) true b) false 20. if the user assigns the document number manually. document no. text optional as per field status group. assignment again at the start of the no. name two elements that influence the field status of document fields 11. how many no.ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 Document control 1. range a) true b) false 6. ranges can be assigned to a document type simultaneously 9. text is required as per field status group. posting keys are defined at client level a) true b) false 14. every company code may define its own document no. every company code may define its own document types a) true b) false 5. what are the most important control functions of a posting key 10. may be alphanumeric 4.
none of the above 23. system date. same document no. range. range can be assigned to several document types a) true b) false 36. c. range can internal and _________ 34. base line date. one document type can have more than one no. in case of _________ no. Customizing is available in account master and field status groups a) true b) false 27. will be taken for a new fiscal year 35. field status definition ‘suppressed’ and ‘required’ can not be combined d. we can maintain different special periods for each company code 25. the account types allowed for postings b. we want document header text is required to be made mandatory. it is possible to define standard translation method of foreign currency in the posting key a) true b) false 30. document no. account types allow line item postings based on posting key c. opening and closing of periods to e done for each company code b. the field status of header text and reference no.ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 22. when you are considering major controls of document types a. one no. ________ and ________ are two elements of FI document 33. which of the following statements are true a. system will determine the posting period and fiscal year c. based on the document date entry. one no. which of the following are true if we are using the same posting period variant for several company codes a. when ever an FI entry is made. we cannot use same posting period variant for several company codes c. posting keys are defined at client level b. posting keys d. we can open two period ranges during the time of closing process b. and due date in the entry screen of customer/vendor invoice are same a) true b) false 29. the transaction figures for the posting periods are displayed 26. which of the following statements are true. field status groups are variant principle 24. if you display the balances of an account. document posting date. range a) true b) false 12 . which of the following statements are true a. system allows you to enter the date interval ‘from and to’ in case of foreign currency translation rate a) true b) false 31. range can be assigned to several document types a) true b) false 32. value date. 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 no. the company code of a cross company code transaction may have different local currencies 18.ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 37. 13 . Name two possible ways to reverse a document 3. viz. terms of payment is a field in the ______ and _______ of the customer master record 8. what data is required for the automatic account determination for tax amounts? 13. 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 16. describe the components the system uses to create cross company code transaction no. List some sources of values that are defaulted by the system for document entry 2. the __________ is the date that the system uses to determine the due date of the invoice 9. name the two types of taxation that can be represented in the system 12. which cash discount accounts are used in the gross procedure? 11. 38. is changed a) true b) false Posting control 1. which cash discount accounts are used in the net procedure? 10. a cross company code transaction consists of at least two documents a) true b) false 15. a field status within an FI document is controlled by three factors. cross company code clearing accounts must be G/L accounts 17. What are the two prerequisites that should be fulfilled in order to process the negative postings 4. The day limits define the dates of cash discount periods a) true b) false 6. while posting a parked document. 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. list two examples for cross company code transactions 14. Every installment of an installment plan must have its own terms of payment a) true b) false 7..
cash discount only d. operative coa c. a ______ results in the open invoice and the incoming payment remaining in the customer account as open items 14 . it is not possible to calculate the due date on fixed dates like end of month with days calculation a) true b) false 24. a _______ residual item clears the invoice and the payment to create a new open item 10. clearing a credit memo with an open invoice is an example of __________ 8. due date only c.ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 19. name 2 basic transactions that you can use to clear open items 2. none of the above 20. country coa d. field status group in the company code segment d. consolidation coa b. 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. negative posting is one method of document reversal a) true b) false Clearing 1. posting key is linked to field status in FI posting a) true b) false 25. posting in a G/L account is controlled by a. field status group in the coa segment c. the posting keys to be used in the clearing document are defined in ‘clearing transactions’ a) true b) false 6. payment terms are company code dependent a) true b) false 23.postings in a company code are done in G/L account of a. all of the above 22. posting a payment for an open invoice with a resulting zero balance is an example of ______ 9. all of the above 21. posting with clearing can be carried out for several accounts simultaneously a) true b) false 5. the automatic clearing program cannot carry out automatic postings a) true b) false 7. account group of the G/L account b. by mentioning base line date. due date of invoice and cash discount b. cash discount periods and cash discount percentage rate in payment terms system will calculate a.
list the no. choose a match those existing open items from an account that balance to zero. the R/3 system generates the exchange rate differences automatically a) true b) false 12. you can activate or deactivate open items reverse the open items activate or deactivate the cash discount enter partial payments or residual items 15. b. State whether this statement is a) true b) false 16.all special G/L transactions are posted to G/L accounts a) true b) false 2. They control the automatic posting of cash discount adjustments and unauthorized deduction a) true b) false 17. The clearing document no. residual payment creates another entry keeping all entries open a) true b) false 5. 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. and the clearing date is entered in the cleared open items. processing open items (customer). c. payment request clears the entries in AP/AR a) true b) false Automatic payments 15 . clearing does not create any document in SAP a) true b) false 19. down payment creates another entry without any links to the original entry a) true b) false 4. it is user defined where SAP will control open item selection a) true b) false Special G/L transactions 1.ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 11. using ‘account clearing’ function. it is not possible to create a due date for a down payment a) true b) false 6. The clearing date can be the current date or a date that the user determines. G/L accounts must be defined for exchange rate losses or gains a) true b) false 13. payment cannot be made by adjusting a special G/L transaction which is posted in G/L a) true b) false 3. SAP does not allow bill of exchange accounting a) true b) false 7. The system marks them as cleared and creates a clearing document. of ways the G/L account can be determined for exchange rate differences 14. in a. d. the specification for permitted payment differences can be found in both types of tolerance groups.
sending company code and paying company code are same always b.. the payment proposal can be edited. once the parameters have been specified. the sequence in which the payment methods are entered in the _________reflects their priority 6. which of these statements on payment program are correct a. identification 14.e. which of the following are true a. the field ‘identification’ is used to run print program 15.ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 1. the run date is recommended to be the actual date when the program is executed b. items that cannot be paid are detailed in the exception list 12. all the company codes in the payment run parameters must be in the same country a) true b)false 7. only line item payment block can be removed during payment proposal c. we can process special G/L transaction only 16 . proposal. a payment method can be used only if it is entered in the account master record a)true b)false 8. the exception list is part of the payment proposal a) true b) false 10. run date b. automatic option to the users are select open invoices to be paid or collected/post payment document post payment documents/print print media select open invoices to be paid/collected post payment document print print media 11. there are four steps in payment process i. the payment program needs the __________ to determine whether an open item has to be paid now or in the next payment run 5. print b. b. parameters. which of the following statements are true (ref: print program-all codes area) a. in a. any payment block can be removed in payment proposal edit b. program. every run of the payment program is identified by two fields a. d. the _______ specify the accounts and documents that are to be included in the payment run 4. by specifying vendor/customer/special G/L transaction to be paid. the print program is scheduled to generate print media 13. the payment process. Which of the following statements are true a. name the six areas into which the payment program configuration is divided 3.List the five steps in the payment program 2. deleted and recreated as often as necessary a)true b)false 9. e. c.
by activating payment method supplement. SAP cannot automate the payment method entry into the vendor invoice screen a)true b)false 23. we can print and sort payments 16. partial payment creates another entry without any link to the original entry a)true b) false 24.ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 c. bank statement entry into SAP does the auto clearing a) true b) false 31. we cannot create manual checks for payment to business partners and update in the system a) true b) false 30. etc. if we are using check management. bank/payment method combination is must to define ranking order c. exception list is a part of payment proposal a) true b) false 22. a payment method can only be used if it is entered in the account master record a) true b) false 20. it is not possible to show the check with a value range by a user a) true b) false 28. system will not process the payment b. payment to vendor of a specific bill cannot be blocked in SAP a) true b) false 17 . system will not process the payment 17. which will make a direct posting into G/L a) true b) false 32. through bank statement entry. it is not possible to void unused checks a) true b) false 26.the payment proposal can be edited. commission. reversal of void check is a standard functionality in SAP a) true b) false 27. which of the statements is true a. define check lot in order to print checks b. we can make entries like bank debits for bank charges. without ranking order. which of the following statements are true? (ref: payment program-bank determination area) a. it is not possible to use two check series for making payment a) true b) false 25. check lots are used only for automatic payments 18. all company codes in payment run parameters must be in same country a) true b) false 19. deleted and recreated as often as desired a)true b)false 21. without maintaining the value date in bank selection. payment to anybody by passing a G/L entry without AP/AR is a standard functionality of SAP a) true b) false 29.
an account is only dunned if all the over due items have exceeded the minimum days in arrears a) true b) false 12.list the four steps that have to be taken by the dunning program to perform the automatic dunning procedure 2. a dunning notice is only sent if the dunning data has changed since the last dunning run. deleted. list some reasons why overdue items might not be dunned 8. the dunning run updates the dunning data in the dunned items and accounts a) true b)false 13. or if ‘always dun?’ is selected a) true b) false 14.ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 33. ____________ is the date from which the due date is derived 35. after the dunning proposal has been created. and recreated as often as required a) true b)false 16. customer makes multiple check payments for one invoice and hands it over to the company which is running with all modules of SAP. the parameters specify the accounts and documents that are to be considered in the dunning run a) true b) false 7. it is possible to dun vendors as well as customers a)true b)false 5. changes to the dunning data in items or master records are ignored in the current dunning run a) true b) false 15. dunning is performed at the company code level a)true b)false 4. the dunning proposal can be edited. if dunning areas are not used. the ‘run date’ is always the date when a certain dunning run is supposed to be started a) true b) false 6. the dunning proposal consists of several steps. then payment terms from _________ segment will be defaulted Automatic dunning 1. if customer invoice is created in SD. It is not possible to enter in SAP by keeping all the check details and updating against an invoice a) true b) false 34. every dunning procedure must have at least four dunning levels a) true b) false 11. List the main steps involved in creating the dunning proposal 9. customers without dunning procedure in the master record are dunned with a default dunning procedure a)true b) false 3. 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. one dunning form can be used for all dunning levels and dunning areas a) true b) false 18 .
one time accounts cannot be dunned b.which is true a. interest can be posted at the time of dunning 22. the dunning procedure in the customer master record for the next dunning run Correspondence 1.it is possible to get the report of customers created by user in a company code a)true b)false Interest calculation 19 . the dunning level in the customer master record c. we can edit proposal b. dunning procedure can process only standard transaction d. we cannot print a dunning notice in a legal dunning procedure. c. although no further account movements have occurred c. we cannot delete proposal c.when running the dunning program a. an item whose days in arrears are smaller or identical to the grace period. we can set a minimum amount for the dunning charges on each dunning level 25. the form specification in the customer master record for the next dunning letter e.the a. the dunning level in document for which dunning notices are created d. what is changed by the dunning run? a. maximum dunning level can be defined in the dunning procedure is four six nine 23. the dunning level in the customer master record c. dunning data is updated in master records 21. the last dunning level is equal to the legal dunning procedure a) true b) false 19. we cannot specify per dunning level that interest is to be calculated b. dunning program will consider the item for dunning a) true b) false 24. b. date of last dunning run in the customer master record b. after completing the dunning proposal list. the date ‘last dunning run’ in the customer master record b. the dunning level in the dunned document d. from (layout set) specifications in the customer master record for the text in the next dunning letter e. what information does a dunning run change a. we can recreate the proposal until the dunning clerk is satisfied with result d. the dunning text for dunning level 6 is stored in text module 616 a) true b) false 18.ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 17. the dunning procedure for the next dunning run in the customer master record 20. we can assign two dunning procedures to customer master records c. which of the following statements are false a.
enter it in the directory of financial statement version b. list the four statuses that a check can have 9. which of these statements is true a. you can configure R/3 to calculate interest for customers or vendors that owe you money. define hierarchy levels and assign accounts 2. you can void a check and reverse the payment document and the vendor invoice all at the same time a) true b) false 6. what methods can you use to create checks? Name two ways of creating a check. what information do you need to create a new interest calculation indicator 6. on a give account. You cannot calculate interest. what is a lock box 7. what are payment advice notes used for in the lock box process in R/3 8.account master data must contain an interest calculation indicator for interest calculation to take place a)true b) false 2. name the two types of interest calculation in SAP R/3 5. we can calculate interest on G/L accounts under interest on arrears method b. 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. a financial statement version consists of maximum nine hierarchy levels a) true b) false 3. if you owe your business partner money a) true b) false 4. each interest id must be assigned to interest calculation type Country specifics 1. Can you name the check printing program? 3.name the three documents used in the payment process 2.Two steps to define financial statement versions are a.ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 1. we cannot assign account group according to balance a) true b) false 4. drill down report is a tool that enables to analyze sub ledger transaction figures only a) true b) false 20 . R/3 cannot calculate different interest rates based on the amounts of balance or items a) true b) false 3. however. you have to maintain customer bank details manually in the master record to ensure that as many incoming payments are assigned as possible The financial statements 1.
to set up the financial statement version in your company. individual value adjustment for doubtful receivables are possible through a. special G/L transactions b. maximum limit is 9 a) true b) false 7. MIS reports based on financial books like ratios can be done through financial statement version a) true b) false 21 . normal transactions c. 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. both of the above 6.ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 5.
regular items 7. business area is determined for accounting documents generated automatically from logistics module based on a. alternative reconciliation account mapped to the main reconciliation of vendor/customer c. plant data 2. noted items d. posting through a special ledger indicator affects a. accounting for down payment request involves a. group key assigned to vendor master records control the following a. business area data. recurring document 6. statistical items b. purchasing data c. vendors and customers c. it is a combination of up to three fields based on which open invoices are selected for automatic payment b. account assignment model d. company code data. it is a combination of up to three fields on which open invoices are selected for manual payment 3. you can use following functionality a. plant-division combination b. offsetting entry to main reconciliation account of vendor/customer 4. company code data. customers and G/L accounts d. plant-division combination and sales area 8. company code data b. check management with respect to outgoing payments is possible for open items for a. sample document c. alternative reconciliation account and main reconciliation account of vendor/customer d. plant-division-distribution channel combination c.the view maintained for vendor master data are a. business area data d. general data. vendors b. general data. general data. plant-sales area combination d. basis for grouping several vendors for balance display c. reclassify by changed reconciliation accounts d. company code data. reclassify where debtors have credit balance and vice versa b. parked items c. following activities are performed a. vendors. all of the above 22 . parked document b.ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 Receivables and Payables 1. basis for classifying vendors for standard reporting d. general data. the main reconciliation account of vendor/customer b. when you carry out regrouping through AR/AP. 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. reclassify open items by remaining life c.
use dunning block on the dunning procedure 16. ranking order and available balance in the accounts 10. payment needs to be made against invoice with payment blocks created during invoice verification. 12. if you do not want to dun beyond a particular level a. customer. when you carry out automatic payment. use dunning key to limit the maximum level b. c. cannot be removed 11. by reallocating in payment proposal d. G/L. vendor d. totals variant c. vendor. house banks entered in the parameters of the run d. what are the different account types in SAP a. dunning area 15. Payment block can be removed by a. material c. if you want to choose a different set of fields in a vendor account line item display. d. vendor. dunking key c. b. SAP. dunning procedure b. customer. customer. asset 14. ranking order of house banks b. SAP entity used to distinguish and control the process is called a. customer. vendor.ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 9. in a. asset. dunning clerk d. bank through which payment is effected is based on a. use dunning block on vendor master c. release block in MM b. d. c. line layout d. changing field entry from invoice document c. when several organizational units carry out dunning within a single company code. a bill of exchange receivable item is cleared during discounting the bill transfer posting with clearing reversal of contingent liability clearing of outstanding advance from the customer which of the following processes do the original invoices remain as open items residual payment partial payment charge off difference distribute difference 13. in a. house banks maintained for specific business area c. b. additional field 23 . use dunning clerk to block dunning d. G/L b. sort variant b. you choose a different a.
system carries out adjustment postings a) true b) false 4. any one of the above 6. only on balance sheet items (G/L accounts) c. only on vendor/customer open items b.Foreign currency valuation is possible a. both of the above 2. depreciation posting can be executed a. when we have regrouped the receivables/vendors.ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 Profit and loss 1. when we are valuating open items. physical inventory is an MM/PP module transaction and hence no accounting entry is passed in G/L but real stock is adjusted in MM/PP a) true b) false 24 . user can define another posting date in place of key date + 1 a) true b) false 3. direct FI postings c. allocating costs to FI through external settlement – the G/L is updated on line / real time a) true b) false 5. without update for reversal of the adjustmentposting after key date. through batch input session b.
c 4. base currency. inversion.c. work place Navigation 1. /n 15.b 9. B2B. extend rather than replace 2.RI.WK 3.c 12. the function is called user list. a. financial accounting a. BW. K2. a. currency keys 6. year specific: AA. a. a 11. ii) if one fiscal year has fewer posting periods than the other (shortened fiscal year) 4.AM. true 7.b.f 8.d. client 14.e 5. F1 Overview of 1. KW 7.e. exchange rate spreads 5. c 10. c 13. between 2 and 6 sessions 9. K3. d 13. calendar year: 01.d.b. K4. K1. B-selling rate 7.b 12.b 8.c d c a. d 11. controlling area 15. system_menu 16. G-buying rate. market place. APO.ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 KEY mySAP Business Suite overview 1. d 6.d false Basic settings 1.b. a.b. false 2. 5. I) if start and end date of posting periods differ from year to year. a. a. 4. business application programming interface 5. SCM. a. M-average rate for posting and clearing. presentation server.b. database server 14. false 25 . false 2. CRM. 2.f 4. false 6.d 3. 3. application server.d 3. code is sm04 10. a. a.UL.
payment transactions. general data. invoice verification 25. true 27. billing 28.c. chart of accounts 4. reconciliation accounts 6. true 35. operating concern 26. purchasing organization segment 14.code segment. b. general data. depreciation 30.ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 16. client 22. false 10. centrally 18. true 9. optional entry 3. true 11. false 15. internal/external 19. consolidated business area Master records 1.code segment. coa 20. true 38. group 21. purchasing. company code segment 2. true 31. external. client 36. asset class 29.b 23. hide. sales area segment 13. a. document line items 32. required entry. coa segment. tax rate 42. correspondence and insurance (customer account) or withholding tax (vendor account) 20. company. four character 17. co. K. external 33. plant 24. a 21. false 16. true 19. revenue 41. co. true 37. expense. false 18. company code. true 23. false 8.d 22. display. a. false 7. true 12. true 44. year dependent 34. false 39. four (accounting information. b. PO. internal 17. true 40. b 26 . account group 5. GR.D 43.
false 36. error 12. field status group. b 26. true 32. company code 17. a 57. b. a 25. range can be used for several document types 9. you specify a no. field status 15. c 51. year independent 42. c 47. b 53. the field status of additional details 10. d 56. One no. debit. external 3.d 27. b 48. side of the account (dr/cr). true 35. G/L account 16. false 38. false 5. false 39. c 46.c 30. required entry. range for each document type. b. false 34. posting key 11. a 52. valid for all accounts 27 .. c 55. false 40. credit. true 41. true 37. external 4. d Document control 1. true 8. true 33. c 44. true 6. d 50. c 28. b 54. account types permitted for postings 2.ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 24. posting key 40.c. a. year dependent. determination of which account type can be posted to. b 45. true 14. posting key 50 13. false 7. b. true 43. a 49.c 31. ranges for document nos. hidden.c 29. no.
cash discount clearing account. the company code must allow negative postings. sales area 8. cash discount loss account 11. 10. all false 25.b 23. system data. central payment 15.c. in 1st company code.d 24. a. true 36. false 21. false 29. . account master record. the reversal reason must be defined for negative posting 4. document header. the cross company code transaction no. central purchasing. a 21. false 17. false 24. false 6.. year dependent 35. true 16. a. a. account clearing. false 30.ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 18. taxation at regional/jurisdictional level 13. true Clearing 1. false 37. accounting functions 2. false 27. rules. true 25. true 32. is a combination of document no. true 7. false Posting control 1. false 28. normal reversal posting. taxation at national level. b 22.b. true 5. G/L accounts 19. true 28 . first company code no. posting key. false 20. false 23.. tax accounts 14. true 19. and the fiscal year 20. user master records. cash discount expense account 12. reversal by negative posting 3. false 31. 38. line items 33. c 26. external 34. cash discount revenue account. parameter memory. false 22. post with clearing 2. company code. false 18. base line date 9.
false Automatic payments 1. residual item 10. payment method/country. true 29 .c 16.b. b 17. true 4.b. false 7. false 4. a single G/L account can be used per currency. payment method/company code. next posting date 6. a. true 10. false 6. true 2. a 13. false 23. account clearing 8. bank selection.c 11.c. a. true 17. payment parameters 7. true 19. false 20. house banks 3. false 5. a single G/L account can be used per currency and currency type. true 6. false 8. true 21. proposal run. true 9. all company codes. true 5. editing proposal. true 12. posting with clearing 9. maintain parameters.c 12. false 7. true 22. b. payment run.ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 3. a single G/L account can be used per currency type 14. a 15. printing payment media 2. true 16. a single G/L account can be used for all currencies and currency types. true 13. paying company codes.d 15.b 14. false 19. false 3. true Special G/L transactions 1. parameters 4. true 18. a 18. partial payment 11. a. a.
account dunning 9. true 10. false 24.b 22. true 31. items/accounts blocked for dunning. false 4. true 16. false 33. false 25. true 5. 8. proposal run. line item dunning.c 20. overdue amount < min amount. false 34. a. true 30.c 21. account balance interest calculation. false 28. a. account selection. false 6. true 4. true 18. true 5. true 32.b. false 13. a. c 23. false 26. …. printing dunning notices 2. true 27. true 15. true 3. account not contained in parameters. false 12. items can be cleared with overdue items on credit side. false 29. false 19. a 2-character interest indicator and an interest calculation type.ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 24. false 11. true 14. a. editing the dunning proposal. A name for the interest calculation indicator is useful but not mandatory 30 . true 7. sales area Automatic dunning 1. true Interest calculation 2. a.b. true 17. item interest calculation (interest on arrears) 6. items are within grace period. maintain parameters.c 25. base line date 35.c Correspondence 1. false 3.
partially assigned. true 4.d 9. 5. true 4. d 15.ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 7. b 5. Lock box program uses the information to clear open items on the customer account 8. false 31 . c Profit and loss 1. 4. b 4. d 10. a. false The financial statements 1. auto payment program-RFFOUS_C or RFFOD_S true true false service provided by banks to speed up collection and processing of incoming payments 7.b. 6. c 7.b. a. checks manual check. false 8.c. b 13. vendor invoice. true 3. they contain detailed information about an incoming payment. payment document. false 5.b. a 6. a. assigned.b 2.c 2. b 14. b 2. false 3. a.c 6. on account. a 16. 3. a 6. a 11. c 12. a 3. not processed 9. true 5. d 8. false 7. b Country specifics 1. false Receivables and Payables 1. 2.
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