ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 mySAP Business Suite overview 1.

What are the essentials of SAP’s product strategy ( in just a few words) 2. MySAP business suite contains the following: (Choose the right answers) a. cross industry solutions b. industry solutions c. technology d. services 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

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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

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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

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company code can have a. business areas are assigned to company codes c. false 16. of local currencies d.ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 9. company can use indirect exchange rate only b. more than one plant can be attached to a single company code a. business areas are used for reporting across company codes d. true b. more than 12 periods c. how many characters does a company code have 17. none of the above 13. company can use both indirect and direct exchange rates 12. shortened fiscal year can have a. less than 12 periods d. what is the business unit where cost accounting is carried out in SAP 15. false 23. false 18. annual displacement indicator is used a. which chart of accounts is used for consolidation 21. true b. none of the above 11. at what level is vendor account defined 22. business areas are company dependent a. two local currencies c. true b. one local currency only b. should have less than 12 periods 10. which of the following is true a. 12 periods b.what are the two segments of a chart of accounts 20. any no. one chart of accounts cannot be assigned to more than one company code a. in case of non calendar fiscal year. true b. company can use direct exchange rate only c. business areas are company code specific b. which of the following is true in relation to SAP features a. what is the highest level element of organizational units 14. false 19. purchasing is done by what organization and for whom 4 .

ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 24. what is the central organizational structure in profitability analysis 26. several company codes can use the same posting period variant a. what is the main criteria for defining asset 29. true b. true b. false 38. true b. what document is created when receivables and revenues are posted in SD module 28. false 39. in which case same document number will be taken for a new financial year 34. false 40. what is the element other than document header in an FI document 32. you can close a financial year even if you have parked documents a. true b. what areas are used to keep more than one valuation basis for depreciation 30. reconciliation account type for vendor is K and for customer it is D 5 . one company code may contain several sales organizations a. what is a base amount 41. false 35. group chart of accounts is used for consolidation a. G/L account/posting keys contain further specifications for account assignment in tax calculation procedure a. what are the three steps for standard procedure for procurement transactions in FI 25. at what level a vendor account is defined 36. more than one plant can be attached to a single company code a. false 33. true b. false 37. true b. false 27. document no. false 31. true b. true b. range can be both internal and external a. what does a tax code contain 42. more than one cash journal can have the same cash account a.

to which are company codes and business areas attached Master records 1. Reconciliation accounts are updated on a daily basis. a) true b) false 7. You maintain a customer/vendor master records ____________ if you create the FI segments at the same time as the SD/MM segments 6 . A G/L account consists of which segments 2. G/L accounts with open item management must have line item display activated a) true b) false 9. then line item display must be activated a. false 43. Name possible field status definitions in the order of their priority 3. true b. because company codes use different operational chart of accounts. false 44. _______ no. in consolidation. Different company codes can use the same____________ 4. you cannot carry out cross company code controlling a) true b) false 12. G/L accounts that are managed in local currency can only be posted to in this currency a) true b) false 10. You can always display the line items of a G/L account a) true b) false 8. The ________ controls the field display for the company code data in the G/L account master record 5. assignment means that the R/# system assigns the number automatically 17. __________ contain the total of the transaction figures for the corresponding sub ledger groups 6. one number range can only be assigned to one account group a) true b) false 16. a complete vendor account consists of the following parts: __________________ 14. if an account is managed with open items. the customer/vendor accounts must always be maintained centrally a) true b) false 15.ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 a. a complete customer account consists of the following parts: _____________ 13. G/L accounts that are managed in foreign currency can only be posted to in this foreign currency a) true b) false 11. true b.

copy chart of account segment from other company code 23. viz: ______ (tab pages) 20.ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 18. assignment. account name and account number is the same in all company codes c. which statements regarding the bank master records are correct a. create chart of account d. d. none of the above 25. code data of a customer/vendor master record consists of _____ areas. none of the above 26. assignment 19. the account currency is stored in the chart of accounts segment 21. sensitive dual control 7 . customer / vendor master records can have ________ or ________ no. company code segments are same in all company codes b. the co. creation of duplicate accounts in AP is prevented by using a. chart of accounts d. the G/L account names of the house bank can be defined to company code that differ from the chart of account 22. field status c. you can directly post to the reconciliation accounts e. match code before creating the new account b. the appearance of an account master data is based on a. account group entered in the chart of account segment b. the accounts group controls the screen layout of the chart of accounts segment c. the G/L account name of the house bank is defined in chart of accounts e. account number b. the G/L account becomes complete if we a. the name for the G/L account at the house bank is freely definable c. True / false a. create both company code segment and chart of segment c. the appearance of the company code segment of a G/L account is based on a. the group account number is different in all company codes 24. the G/L account name of the house bank can contain the name of the bank and the account no. all G/L accounts must carry a tax indicator d. G/L accounts have ________ no. the G/L account name of the house banks has to concur to the name in the bank key directory b. if we are using same chart of account in more than one company code a. a G/L account consists of a chart of accounts and one or more company code segments b. add company code segment to chart of accounts segment b. assignment of group chart of accounts in chart of accounts d. currency in company code segment in all company codes are same d. group account number entered in chart of accounts segment c.

none of the above 29. none of the above 28. Tax codes are time dependent a) true b) false 37. specific to client c. account group controls the number range c. account group cannot be created with external number range a) true b) false 39.ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 c. the G/L account name for house banks are user definable c. company code can have one retained earnings account only b. Reconciliation account definitions are available in general data and vendor master a) true b) false 40. specific to chart of accounts d. G/L master created is always for all company codes in R/3 a) true b) false 32. at company code level. Currency is a required field entry while creating G/L master a) true b) false 33. account group controls the document field status b. which of the following is true a. the G/L account names for house banks are defined in the bank directory e. 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 . 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. d. Tax codes are created and operated at country level a) true b) false 35. Tax codes are created at company code level a) true b) level 36. Jurisdiction codes are not used at all while creating tax codes a) true b) false 38. which of the following is true a. which of the following statements are correct a. retained earnings account is a. switching on automatic duplication check d. the G/L account name for house banks must match the names given to the house bank in the bank directory b. account group controls the master record field status d. all of the above 30. chart of accounts can have on retained earnings only e. none of the above 27. chart of accounts can have more than one retained earnings account d. the G/L account names for house bank could be the bank name and account no. G/L account names for house banks can be different from those in chart of accounts 31. specific to company code b. In AP & AR.

classifying G/L accounts as per B/S format 46. a) true b) false 43. account currency is different from company code currency d. account currency is not maintained b. number ranges are attached to G/L accounts. opposite dr/cr indicator and same entry in fields that are configured for auto clearing b. all accounts b. number range and whether accounts are P&L / B/S 44. generating G/L planning b. all accounts managed on open item basis and all accounts with currency different from local currency 9 . business area. classifying transactions pertaining to cash flow d. opposite dr/cr indicator and same entry 49. amount. in case of G/L accounts. you can clear open items only when they have same a. field status of transaction field b. Name them 42. you can post transactions to an account in any currency only if a. you can carry forward P&L account balances to a. opposite dr/cr indicator c. default exchange rate picked up during FI document entry is a. opposite dr/cr indicator d. field status of master fields c. single retained earnings account through period end closing 47. multiple retained earnings accounts through period end closing d. amount. business area. foreign currency valuations on G/L accounts are performed on following accounts a. multiple retained earnings accounts automatically b. field status of master fields and number range d.ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 41. field status of master fields. exchange rate maintained for type M c. single retained earnings accounts automatically c. there is no default exchange rate type 48. under all circumstances 45. exchange rate maintained for type B b. account currency is same as local currency of company code c. planning memo entries in treasury c. planning levels in G/L accounts are used for a. all accounts managed on open item basis c. account groups are used to control following properties a. amount. fiscal year variant can be of two types. exchange rate maintained for type G d.

G/L line items c. dr/cr indicator. company code 56. internal/external d. G/L line items d. 2 local currencies. external c. special G/L applicability d. coa b. accounts managed on open item basis having foreign currency transactions and all accounts with account currency different from local currency 50. special G/L applicability 55. chart of account currency d. company code d. coa c. posting vendor/customer reclassification at BA level 52. sort key c. field status of transaction screen. balancing company code level B/S for inter company transactions c. when you reverse a posted document. document currency c. dr/cr indicator. Invoice receipt against GR 53. you run BA/PC adjustments for a. easily entered document entry templates are called a. 3 local currencies. field status of transaction screen. worklists d. account types c. 3 local currencies. internal b. customer/vendor line items b. work lists d. field status of transaction screen. C/V. dr/cr indicatgor.ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 d. recurring documents 54. sample documents b. local currency b. any currency for which customization is done 10 . account types b. fast entry screens in FI are used to enter a. balancing BA level B/S for inter BA transactions b. account assignment models c. 2 local currencies. document number must be a. financial statements can be generated in a. how many parallel currencies are possible and at what level they are assigned a. account groups b. dr/cr indicator. Posting keys are used to decide a. account types. you can display account balance of several related accounts through a. manually assigned 57. totals variant 51. posting adjustment entries for changed reconciliation accounts d.

the authorization group in the posting period variant applies only to authorization for posting in special periods a) true b) false 11 . the posting period variant is assigned to the ____________. text optional as per field status group. 17. from following. ranges must not overlap a) true b) false 8. range a) true b) false 7. assignment again at the start of the no. what are the standard posting keys for G/L account postings and on which side of the account do they post to 13. text is hidden 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 types a) true b) false 5. may be alphanumeric 4. then it will be an ______ in document entry screen 12. every company code may define its own document no. then it will be a ______ in document entry screen c) if text is required as per posting key. range a) true b) false 6. document no. at the beginning of a new fiscal year. the system always starts the document no. each ______ has a field status group 16. posting periods are opened and closed automatically a) true b) false 20. ranges can be assigned to a document type simultaneously 9. the account range in the posting period variant consists of ________ 19. this is _______no.what are the most important control functions of the document type 2. text is required as per field status group. the _____ group controls the field display during document entry 15.ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 Document control 1. what are the most important control functions of a posting key 10. assignment 3. ________nos. no more than two periods can be open at the same time a) true b) false 21. a posting period variant must contain at least one line with the entry _____________ 18. name two elements that influence the field status of document fields 11. then _____ will be in document entry screen b) if text is optional as per posting key. how many no. state how the text field will be treated on document entry screen a) if text is hidden per posting key. if the user assigns the document number manually.

value date.ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 22. field status definition ‘suppressed’ and ‘required’ can not be combined d. posting keys d. which of the following statements are true a. document no. when you are considering major controls of document types a. we want document header text is required to be made mandatory. one no. we can maintain different special periods for each company code 25. one document type can have more than one no. system allows you to enter the date interval ‘from and to’ in case of foreign currency translation rate a) true b) false 31. we cannot use same posting period variant for several company codes c. range can internal and _________ 34. the field status of header text and reference no. system date. it is possible to define standard translation method of foreign currency in the posting key a) true b) false 30. the account types allowed for postings b. document posting date. field status groups are variant principle 24. system will determine the posting period and fiscal year c. if you display the balances of an account. base line date. account types allow line item postings based on posting key c. we can open two period ranges during the time of closing process b. range. which of the following are true if we are using the same posting period variant for several company codes a. based on the document date entry. in case of _________ no. when ever an FI entry is made. range can be assigned to several document types a) true b) false 32. and due date in the entry screen of customer/vendor invoice are same a) true b) false 29. none of the above 23. opening and closing of periods to e done for each company code b. will be taken for a new fiscal year 35. ________ and ________ are two elements of FI document 33. one no. Customizing is available in account master and field status groups a) true b) false 27. same document no. the transaction figures for the posting periods are displayed 26. 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. which of the following statements are true a. range can be assigned to several document types a) true b) false 36. c. which of the following statements are true. posting keys are defined at client level b. range a) true b) false 12 .

ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 37. the __________ is the date that the system uses to determine the due date of the invoice 9. Name two possible ways to reverse a document 3. the company code of a cross company code transaction may have different local currencies 18.. what data is required for the automatic account determination for tax amounts? 13. which cash discount accounts are used in the net procedure? 10. name the two types of taxation that can be represented in the system 12. is changed a) true b) false Posting control 1. viz. a field status within an FI document is controlled by three factors. a cross company code transaction consists of at least two documents a) true b) false 15. List some sources of values that are defaulted by the system for document entry 2. What are the two prerequisites that should be fulfilled in order to process the negative postings 4. which cash discount accounts are used in the gross procedure? 11. terms of payment is a field in the ______ and _______ of the customer master record 8. document no. describe the components the system uses to create cross company code transaction no. 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. 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. 13 . Every installment of an installment plan must have its own terms of payment a) true b) false 7. while posting a parked document. cross company code clearing accounts must be G/L accounts 17. 38. The day limits define the dates of cash discount periods a) true b) false 6.

all of the above 21. all of the above 22. posting key is linked to field status in FI posting a) true b) false 25. the automatic clearing program cannot carry out automatic postings a) true b) false 7. cash discount only d. documents with open items cannot be archived because open items represent incomplete transactions a) true b) false 3. name 2 basic transactions that you can use to clear open items 2. consolidation coa b. negative posting is one method of document reversal a) true b) false Clearing 1.ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 19. account group of the G/L account b. clearing a credit memo with an open invoice is an example of __________ 8. country coa d. field status group in the company code segment d. none of the above 20. the posting keys to be used in the clearing document are defined in ‘clearing transactions’ a) true b) false 6. due date of invoice and cash discount b. due date only c. field status group in the coa segment c. cash discount periods and cash discount percentage rate in payment terms system will calculate a.postings in a company code are done in G/L account of a. operative coa c. posting with clearing can be carried out for several accounts simultaneously a) true b) false 5. by mentioning base line date. a ______ results in the open invoice and the incoming payment remaining in the customer account as open items 14 . a clearing document must have at least two line items a) true b) false 4. it is not possible to calculate the due date on fixed dates like end of month with days calculation a) true b) false 24. posting a payment for an open invoice with a resulting zero balance is an example of ______ 9. payment terms are company code dependent a) true b) false 23. a _______ residual item clears the invoice and the payment to create a new open item 10. posting in a G/L account is controlled by a.

the specification for permitted payment differences can be found in both types of tolerance groups. list the no. d. processing open items (customer). of ways the G/L account can be determined for exchange rate differences 14. b. State whether this statement is a) true b) false 16. it is not possible to create a due date for a down payment a) true b) false 6. and the clearing date is entered in the cleared open items. 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. The clearing document no. in a. using ‘account clearing’ function. residual payment creates another entry keeping all entries open a) true b) false 5. the R/3 system generates the exchange rate differences automatically a) true b) false 12.all special G/L transactions are posted to G/L accounts a) true b) false 2.ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 11. SAP does not allow bill of exchange accounting a) true b) false 7. you can activate or deactivate open items reverse the open items activate or deactivate the cash discount enter partial payments or residual items 15. The clearing date can be the current date or a date that the user determines. The system marks them as cleared and creates a clearing document. They control the automatic posting of cash discount adjustments and unauthorized deduction a) true b) false 17. payment request clears the entries in AP/AR a) true b) false Automatic payments 15 . it is user defined where SAP will control open item selection a) true b) false Special G/L transactions 1. payment cannot be made by adjusting a special G/L transaction which is posted in G/L a) true b) false 3. clearing does not create any document in SAP a) true b) false 19. choose a match those existing open items from an account that balance to zero. G/L accounts must be defined for exchange rate losses or gains a) true b) false 13. down payment creates another entry without any links to the original entry a) true b) false 4. c.

program. 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. b. parameters. the run date is recommended to be the actual date when the program is executed b. run date b. in a. a payment method can be used only if it is entered in the account master record a)true b)false 8. sending company code and paying company code are same always b. once the parameters have been specified. deleted and recreated as often as necessary a)true b)false 9. which of the following are true a. the payment proposal can be edited. items that cannot be paid are detailed in the exception list 12.List the five steps in the payment program 2. all the company codes in the payment run parameters must be in the same country a) true b)false 7. every run of the payment program is identified by two fields a..ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 1. d. the _______ specify the accounts and documents that are to be included in the payment run 4. Which of the following statements are true a. the payment process.e. 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. name the six areas into which the payment program configuration is divided 3. any payment block can be removed in payment proposal edit b. print b. proposal. the print program is scheduled to generate print media 13. only line item payment block can be removed during payment proposal c. by specifying vendor/customer/special G/L transaction to be paid. c. there are four steps in payment process i. we can process special G/L transaction only 16 . the field ‘identification’ is used to run print program 15. e. the exception list is part of the payment proposal a) true b) false 10. the payment program needs the __________ to determine whether an open item has to be paid now or in the next payment run 5. identification 14. which of the following statements are true (ref: print program-all codes area) a.

commission. which of the following statements are true? (ref: payment program-bank determination area) a. by activating payment method supplement. through bank statement entry. system will not process the payment 17.the payment proposal can be edited. system will not process the payment b. payment to vendor of a specific bill cannot be blocked in SAP a) true b) false 17 . it is not possible to void unused checks a) true b) false 26. check lots are used only for automatic payments 18. without ranking order. SAP cannot automate the payment method entry into the vendor invoice screen a)true b)false 23. exception list is a part of payment proposal a) true b) false 22. we can print and sort payments 16. partial payment creates another entry without any link to the original entry a)true b) false 24. deleted and recreated as often as desired a)true b)false 21. which of the statements is true a. define check lot in order to print checks b. it is not possible to show the check with a value range by a user a) true b) false 28. bank statement entry into SAP does the auto clearing a) true b) false 31. without maintaining the value date in bank selection. etc. reversal of void check is a standard functionality in SAP a) true b) false 27. all company codes in payment run parameters must be in same country a) true b) false 19. a payment method can only be used if it is entered in the account master record a) true b) false 20. which will make a direct posting into G/L a) true b) false 32. we can make entries like bank debits for bank charges. it is not possible to use two check series for making payment a) true b) false 25. we cannot create manual checks for payment to business partners and update in the system a) true b) false 30. bank/payment method combination is must to define ranking order c. if we are using check management. payment to anybody by passing a G/L entry without AP/AR is a standard functionality of SAP a) true b) false 29.ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 c.

it is possible to dun vendors as well as customers a)true b)false 5. if customer invoice is created in SD. the dunning proposal consists of several steps. if dunning areas are not used. deleted. 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. 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 dunning run updates the dunning data in the dunned items and accounts a) true b)false 13. 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. after the dunning proposal has been created. then payment terms from _________ segment will be defaulted Automatic dunning 1. changes to the dunning data in items or master records are ignored in the current dunning run a) true b) false 15. the parameters specify the accounts and documents that are to be considered in the dunning run a) true b) false 7. one dunning form can be used for all dunning levels and dunning areas a) true b) false 18 . list some reasons why overdue items might not be dunned 8. and recreated as often as required a) true b)false 16.list the four steps that have to be taken by the dunning program to perform the automatic dunning procedure 2. dunning is performed at the company code level a)true b)false 4. the dunning proposal can be edited.ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 33. a dunning notice is only sent if the dunning data has changed since the last dunning run. or if ‘always dun?’ is selected a) true b) false 14. an account is only dunned if all the over due items have exceeded the minimum days in arrears a) true b) false 12. the ‘run date’ is always the date when a certain dunning run is supposed to be started a) true b) false 6. customer makes multiple check payments for one invoice and hands it over to the company which is running with all modules of SAP. ____________ is the date from which the due date is derived 35.

b. interest can be posted at the time of dunning 22. dunning data is updated in master records 21. from (layout set) specifications in the customer master record for the text in the next dunning letter e. the dunning level in the dunned document d.ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 17. the form specification in the customer master record for the next dunning letter e. the last dunning level is equal to the legal dunning procedure a) true b) false 19. one time accounts cannot be dunned b. we cannot print a dunning notice in a legal dunning procedure.the a. the dunning procedure in the customer master record for the next dunning run Correspondence 1. the dunning level in the customer master record c.it is possible to get the report of customers created by user in a company code a)true b)false Interest calculation 19 . the date ‘last dunning run’ in the customer master record b. dunning program will consider the item for dunning a) true b) false 24. date of last dunning run in the customer master record b. although no further account movements have occurred c. we can assign two dunning procedures to customer master records c. c. we cannot delete proposal c. which of the following statements are false a. the dunning level in the customer master record c. what information does a dunning run change a. dunning procedure can process only standard transaction d. maximum dunning level can be defined in the dunning procedure is four six nine 23. an item whose days in arrears are smaller or identical to the grace period. what is changed by the dunning run? a. we cannot specify per dunning level that interest is to be calculated b.which is true a. after completing the dunning proposal list. we can recreate the proposal until the dunning clerk is satisfied with result d.when running the dunning program a. the dunning text for dunning level 6 is stored in text module 616 a) true b) false 18. the dunning procedure for the next dunning run in the customer master record 20. we can edit proposal b. the dunning level in document for which dunning notices are created d. we can set a minimum amount for the dunning charges on each dunning level 25.

list the four statuses that a check can have 9. however. Can you name the check printing program? 3. we can calculate interest on G/L accounts under interest on arrears method b. we cannot assign account group according to balance a) true b) false 4. a financial statement version consists of maximum nine hierarchy levels a) true b) false 3. you can void a check and reverse the payment document and the vendor invoice all at the same time a) true b) false 6. 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. each interest id must be assigned to interest calculation type Country specifics 1. enter it in the directory of financial statement version b. what is a lock box 7. define hierarchy levels and assign accounts 2. you can void a check without reversing the payment document a) true b) false 4. You cannot calculate interest. what are payment advice notes used for in the lock box process in R/3 8. R/3 cannot calculate different interest rates based on the amounts of balance or items a) true b) false 3. drill down report is a tool that enables to analyze sub ledger transaction figures only a) true b) false 20 . what methods can you use to create checks? Name two ways of creating a check. which of these statements is true a.ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 1. you can configure R/3 to calculate interest for customers or vendors that owe you money. name the two types of interest calculation in SAP R/3 5.Two steps to define financial statement versions are a.name the three documents used in the payment process 2. if you owe your business partner money a) true b) false 4. on a give account. you can void a check and reverse the payment document at the same time a)true b)false 5.account master data must contain an interest calculation indicator for interest calculation to take place a)true b) false 2. what information do you need to create a new interest calculation indicator 6.

normal transactions c. MIS reports based on financial books like ratios can be done through financial statement version a) true b) false 21 . both of the above 6. special G/L transactions b. 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. maximum limit is 9 a) true b) false 7. to set up the financial statement version in your company.ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 5. individual value adjustment for doubtful receivables are possible through a.

general data. following activities are performed a. customers and G/L accounts d. recurring document 6. it is a combination of up to three fields on which open invoices are selected for manual payment 3. reclassify by changed reconciliation accounts d. company code data. company code data. reclassify open items by remaining life c. business area is determined for accounting documents generated automatically from logistics module based on a. if you do not want to enter a document with provision for updating ledger on approval from authorized officials. sample document c. vendors and customers c. purchasing data c. basis for classifying vendors for standard reporting d. alternative reconciliation account mapped to the main reconciliation of vendor/customer c. plant-sales area combination d. offsetting entry to main reconciliation account of vendor/customer 4. vendors and G/L accounts 5. reclassify where debtors have credit balance and vice versa b. group key assigned to vendor master records control the following a. regular items 7. general data. all of the above 22 . business area data d. parked document b. alternative reconciliation account and main reconciliation account of vendor/customer d. parked items c. check management with respect to outgoing payments is possible for open items for a. the main reconciliation account of vendor/customer b. company code data. plant-division combination and sales area 8. vendors b. basis for grouping several vendors for balance display c. plant data 2.the view maintained for vendor master data are a.ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 Receivables and Payables 1. when you carry out regrouping through AR/AP. statistical items b. you can use following functionality a. general data. it is a combination of up to three fields based on which open invoices are selected for automatic payment b. plant-division-distribution channel combination c. accounting for down payment request involves a. plant-division combination b. vendors. posting through a special ledger indicator affects a. company code data b. general data. account assignment model d. noted items d. business area data.

house banks maintained for specific business area c. SAP. dunning area 15. sort variant b. asset 14. house banks entered in the parameters of the run d. b. dunning procedure b. vendor d. use dunning key to limit the maximum level b. in a. G/L b. if you do not want to dun beyond a particular level a. dunning clerk d. d. c. line layout d. bank through which payment is effected is based on a. use dunning clerk to block dunning d. totals variant c. asset. dunking key c. additional field 23 . ranking order and available balance in the accounts 10. payment needs to be made against invoice with payment blocks created during invoice verification. c. vendor. customer. in a. changing field entry from invoice document c. cannot be removed 11. customer. G/L. use dunning block on vendor master c. customer. use dunning block on the dunning procedure 16. 12. what are the different account types in SAP a. 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. ranking order of house banks b. Payment block can be removed by a. when you carry out automatic payment. customer.ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 9. if you want to choose a different set of fields in a vendor account line item display. d. b. vendor. by reallocating in payment proposal d. material c. when several organizational units carry out dunning within a single company code. SAP entity used to distinguish and control the process is called a. vendor. you choose a different a. release block in MM b.

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 . both of the above 2. direct FI postings c.Foreign currency valuation is possible a.ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 Profit and loss 1. through batch input session b. when we have regrouped the receivables/vendors. system carries out adjustment postings a) true b) false 4. without update for reversal of the adjustmentposting after key date. allocating costs to FI through external settlement – the G/L is updated on line / real time a) true b) false 5. depreciation posting can be executed a. only on balance sheet items (G/L accounts) c. user can define another posting date in place of key date + 1 a) true b) false 3. any one of the above 6. when we are valuating open items. only on vendor/customer open items b.

UL.b 9. d 13. BW. 2. calendar year: 01. a. a. a.c 12. d 6. c 13. client 14. a. CRM. inversion. d 11. 4.d 3. KW 7. financial accounting a. a 11. B2B.d. code is sm04 10. true 7. SCM.d. a. work place Navigation 1.c d c a.e 5. M-average rate for posting and clearing. a. I) if start and end date of posting periods differ from year to year. currency keys 6.f 4.WK 3. G-buying rate. K2.f 8.b.c.ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 KEY mySAP Business Suite overview 1.b. year specific: AA.e. false 25 . controlling area 15. c 10.b. K1. a.b 8. false 6. false 2.d false Basic settings 1. database server 14.b 12.b. APO. 5. presentation server. B-selling rate 7. business application programming interface 5. false 2. K3.AM. /n 15.d 3. market place. extend rather than replace 2. base currency. a. between 2 and 6 sessions 9. K4.RI. system_menu 16. a. c 4. ii) if one fiscal year has fewer posting periods than the other (shortened fiscal year) 4. 3. application server. F1 Overview of 1. the function is called user list.b. exchange rate spreads 5.

a 21. coa segment. true 37. external 33. true 12. tax rate 42.D 43. true 31. false 8. centrally 18. hide. true 27. document line items 32. false 16. a.code segment. b 26 .code segment. internal 17. group 21. payment transactions. internal/external 19. true 23. true 40. client 22. GR. asset class 29. external. sales area segment 13. PO. display. true 9. billing 28. purchasing organization segment 14. general data. true 38. revenue 41. true 11. company code segment 2. required entry. reconciliation accounts 6. company. invoice verification 25. operating concern 26. four (accounting information. true 35. company code. depreciation 30. co. four character 17.d 22. true 19. chart of accounts 4. consolidated business area Master records 1. client 36. false 15.b 23. false 39. a. coa 20. true 44. optional entry 3.ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 16. plant 24. false 18. expense. account group 5. purchasing.c. K. false 10. false 7. b. general data. year dependent 34. correspondence and insurance (customer account) or withholding tax (vendor account) 20. b. co.

true 33.ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 24. d 56. a 25. valid for all accounts 27 .c. posting key 40. field status 15. error 12. false 36. company code 17. G/L account 16. true 35. year independent 42. a 49. a 57. c 28. posting key 11. external 4. d 50. debit.c 29. b. credit. ranges for document nos. true 43. false 7. true 32. false 39. account types permitted for postings 2. false 5. b. you specify a no. range for each document type. false 38. c 46.. b 48. c 47. true 8. b 53. c 44. determination of which account type can be posted to. true 37. side of the account (dr/cr). external 3. false 34. b 26. One no. field status group. range can be used for several document types 9. c 55. the field status of additional details 10. b. true 41. a. posting key 50 13. no.c 30. true 6. b 54. d Document control 1. hidden.d 27. c 51. true 14. a 52.c 31. required entry. b 45. false 40. year dependent.

38. true 32. taxation at regional/jurisdictional level 13.b 23. central purchasing. a. cash discount loss account 11. sales area 8. rules. system data.b. in 1st company code. true 36. G/L accounts 19. true Clearing 1.d 24. a. false 18. false 20. false 21. document header. b 22. false Posting control 1. cash discount clearing account. true 16. false 24. reversal by negative posting 3. a. cash discount expense account 12. true 25. false 30. false 22. false 23. the cross company code transaction no. base line date 9. line items 33. tax accounts 14. true 7. the company code must allow negative postings. false 28.ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 18. company code. a 21.c. the reversal reason must be defined for negative posting 4. user master records. false 37. false 27. account clearing. taxation at national level. parameter memory. false 29. external 34. is a combination of document no. cash discount revenue account. false 31. 10. posting key. true 28 .. c 26. central payment 15. true 19. true 5.. false 6. accounting functions 2. and the fiscal year 20. account master record. post with clearing 2. false 17. year dependent 35. . all false 25. normal reversal posting. first company code no.

printing payment media 2. true 18.c 16. false 4. next posting date 6. true Special G/L transactions 1. payment method/country. a. a single G/L account can be used for all currencies and currency types. true 4.ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 3. false 7. true 22. true 29 .b 14. true 12. true 17. true 2. posting with clearing 9. all company codes. house banks 3. editing proposal. a single G/L account can be used per currency and currency type. paying company codes. a 13. false 6. false 7.b. payment method/company code. true 21. true 19. maintain parameters. proposal run. a 18.b. a.c 11. true 10. false 20.c 12. a single G/L account can be used per currency. a 15. b 17. a single G/L account can be used per currency type 14. true 13. a. payment run. true 16. false 3. residual item 10. true 5.c. parameters 4. false 8. false 23. false Automatic payments 1. false 19. account clearing 8. bank selection. b. payment parameters 7. true 9. partial payment 11. false 5. true 6.d 15. a.

line item dunning. account balance interest calculation. a. 8. c 23.c 20. A name for the interest calculation indicator is useful but not mandatory 30 . true 5. true 3. items can be cleared with overdue items on credit side. false 13. a. false 3. true 5. true 4.b. false 26. maintain parameters. false 6. a. true 7. account not contained in parameters. …. true 27. true 10.b 22. true 17. account selection. base line date 35. a.ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 24. a 2-character interest indicator and an interest calculation type. false 34. false 33. true 31. overdue amount < min amount. true 14.b. false 24. false 11. true 32. printing dunning notices 2. false 29. false 12.c 21.c Correspondence 1. true 18. editing the dunning proposal. proposal run. true Interest calculation 2. false 25. false 4. a. false 28. items are within grace period.c 25. true 16. true 30. false 19. items/accounts blocked for dunning. item interest calculation (interest on arrears) 6. true 15. sales area Automatic dunning 1. account dunning 9.

c Profit and loss 1.b.c 6. assigned. c 12. b 5. 4. b 2. a.ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 7.b. 5. d 8. a. false 3. false 8. true 5. partially assigned. checks manual check.b. a 6. a 11. d 10. false 5.c 2. true 4. false 31 . not processed 9. 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. d 15. b 14. 3. false 7.b 2. a 3. false The financial statements 1. c 7. a. true 3. vendor invoice. on account. true 4. Lock box program uses the information to clear open items on the customer account 8. 2. a 6. b 13. b Country specifics 1. b 4.c. 6. a 16. a. payment document.d 9. they contain detailed information about an incoming payment. false Receivables and Payables 1.

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