FI Certification Questions and Answers Test 1

Financial Accounting Certification Questions & Answers Test 1

2007-2008 ICPA SERVICES INC

FI Certification Questions and Answers Test 1

1. Which of the following are special G/L types? Choose the correct answer(s) A. B. C. D. E. Noted items Down payments Automatic offsetting entries (statistical) Free offsetting entries Other types

2. The following applies to the special general ledger type of noted items. Choose the correct answer(s) A. B. C. D. E. The special G/L indicators of your own can be created of this type The account for the offsetting entry is selected automatically No postings are made on an offsetting account Noted items are posted on an alternative reconciliation account Noted items cannot replace any proper FI documents.

3. Which statements are correct? A. B. C. D. A company code can be assigned several workflow variants A task can be assigned one possible processor only It is possible to design multilevel workflow sequences The same workflow variant can be assigned to several company codes.

4. Name reasons for archiving data. A. B. C. D. Improve response times Keep data secret from auditors Reduce system downtimes during software upgrades Lower the effort involved in database administration

5. Which prerequisites are checked by the system before deleting master data? A. B. C. D. E. F. For GL account: has a deletion indicator been set? For customers: have they been created before 1995 For vendors: are there still transaction figures? For GL accounts, customers and vendors: are there still documents? For banks: is a bank balance sheet overdrawn? For banks: are they still being used?

6. Where do you define the reconciliation account that will be used by an asset? A. Account determination in asset class B Account number in fixed asset

Customers within New Ledger will have limited extensibility. Interfaces for entering the data and postings are nearly identical. What Customizing transaction will activate the New General Ledger? Choose all that apply. FI Classic B. True / False C. A. E. The new SAP Installation will choose between Old and New Ledger. FANEWGL_ACTIVATION .FI Certification Questions and Answers Test 1 C Account determination in depreciation area D Account number in depreciation area 7. Schedule Manager 9. A. True or False: Please choose the correct answer. Reduction of Total Cost of Ownership E. A. Multiple Ledgers can be maintained under leading ledger. True / False E. 10. Document (Online) Split C. Extended data structure B. A. Reconciliation Ledger E. Profit Center Accounting C. Segment Reporting D. Transparency and Uniformity 8. True / False 11. ECC 6.0 will prohibit the use of PCA above General Ledger. New SAP customers will have to activate New GL by Default. Real Time Integration between CO and FI D. True / False D. A. Account balancing with any characteristic B. Product Costing D. What are the advantages of using the New General Ledger? Choose all that apply. How many possibilities are possible with New General Ledger? Choose all that apply. The New GL is optional for existing SAP Customers. The New General Ledger now consists of what functions? Choose all that apply. Customer Fields Extensibility C. True / False B.

FIGL_ACTIVATION 12. Which of the following are “special items” in financial statement version? . E. Conventional Financial Accounting Paths will remain at their present form. There will be no extra views on documents and no changes will be made. C. What will be the new ledger definitions after the activation? Choose all that apply. Enter accruals/deferrals. Old paths can be eliminated by running RFAGL_SWAP_IMG_OLD D. Foreign currency valuations and financial statement adjustments C. True / False C. B. GL_ACTIVATION D. Entry View will be the same in sub-ledgers (AR / AR / AA / Taxes). A. New GL will use the same Fiscal Year Variant and Posting Period Variant that is assigned to company code. 14.FI Certification Questions and Answers Test 1 B. True / False B. A. Control Parameters (as before) will be from company code. FAGL_ACTIVATION C. B. A. After Activating the New GL. True / False 15. post depreciation and interest expenses in asset accounting D. After activation. There will be or can be multiple leading ledgers. The way the document will appear in General Ledger view will be the same as Entry view. what following changes will take place? Choose all that apply. If multiple ledgers are used. There will be new Paths for New GL in addition to existing (Old) GL. Financial Accounting Document will have two views: the entry view and the GL View. C. Open new accounting period B. Old paths can be eliminated by running FIGL_SWAP_IMG_NEW 13. True / False D. D. process recurring entries and bad debt expense in AR. Creation of external and internal reports 16. The leading ledger will manage local currency(s) assigned to company code. Choose the correct answer(s). NEWGL_ACTIVATION E. Pre-closing activities that begin in the old month include: A. values from all the ledgers can be posted on to CO.

Unplanned depreciation (or other manually planned depreciation) D. B. Lease accounting Provisions for awards Automatic accruals in financial accounting Intellectual property management 20. A. D. B. C. Tax special depreciation or the allocation and write off of reserves for special depreciation on the basis of tax special depreciation C. 19. D. D. The depreciation position program RAPOST2000 can be used to record the following: A. C. A. The ‘purpose of account determination’ is to determine the following: A. Define exchange rates Define valuation methods Define expense and revenue accounts for exchange rate differences Specify balance sheet adjustment accounts for receivables and payables. B. Document type Debit account Credit account Balance sheet account . D. Ordinary (book and cost-accounting) depreciation B.FI Certification Questions and Answers Test 1 A. C. C. B. C. D. B. The ‘posting period’ can be defined for each A. Profit and loss results Expenses Accounts not assigned Notes to financial statement 17. The Accrual Engine can be used for the following purposes. Imputed interest E. APC revaluation below/above the accumulated depreciation 18. Which of the following are required settings for foreign currency valuation. Company code Accounting principle Posting period variant Accrual type 21.

Company code Document number Fiscal year Posting period 25.In SAP every document is uniquely identified by the following fields. D.Which of the following are fields of ‘General Data’ in customer/vendor accounts? A. C. D.Which of the following are the steps involved in the ‘payment process’? A. B. B. D. B. C. Setting parameters Generating a proposal Scheduling the payment run Printing the payment media 26. D. C. Address Insurance Control data Account management 24. C. Which of them is/are optional? A. C. Run date Program number Customer number Identification 27. Source fields Target fields Conditions Rule entries 23. A.What are the fields by which every dunning program run is identified? A. B. D. B. B. D. Accounts are determined using ‘derivation rules’ consisting the following. Company code Dunning area Account Number range .Items that are to be dunned are grouped together in dunning notices if they have the same of following: A.FI Certification Questions and Answers Test 1 22. C.

The following can be used for G/L account evaluations A. Accelerate closing Increased data quality Extensibility and flexibility Real-time integration 29. 31.1.Which of the following are advantages of document splitting? A. C. The main ledger generally reflects the accounting principle used to draw up consolidated financial statements. The main ledger is the only ledger that is integrated with controlling module by default. For parallel financial reporting. B. 31. Which of the above sentences is true (Please choose the correct option)? a) 31.3. e) none of them. b) 31. Cost centers are the organizational units that incur and influence costs. d) all of them. Cost elements are indicators. C. .FI Certification Questions and Answers Test 1 28. D.3. used as a basis for allocations and for performing key figure analysis.2. B. Consider the following statements: 31. D.Which of the following is not correct? A. B. Secondary cost elements area used in production that are produced from outside the company. c) 31. Consolidated financial reporting is normally mapped with main ledger 30. Balance display Key figure reports Reports for financial statement analysis Interim report 31. C. other ledgers cannot be used in addition to the main ledger.2.1. D.

The currency of the new company code is the same as the currency of the old company code.1. 34. b) This is a representation of the board directors cost center. What can you say about the standard hierarchy (Please choose the correct option)? a) It is the top of a Profit Center group.2 and 33. work center or HR master record.1 and 33. .2 and 33. e) none of them. which specifies the category for the cost center. which specifies what kinds of cost center can be entered. d) It is an indicator in the controlling area. are correct. 33. business area or profit center to a cost center if: 33.2. b) It is a CO object where costs are incurred. which all Cost Centers/Profit Centers may be assigned. are correct. Which of the above sentences are false (Please choose the correct option)? a) 33. e) It is an indicator in the chart of accounts.2.1 and 33. d) It must be defined before creating cost centers. You have only posted planning data in the fiscal year. c) It can be defined after creating cost centers. c) It is an indicator in the cost center master data. a) It is allowed for only one cost center master data.1. "During a fiscal year.3.3 are correct. which specifies the category for the cost center. Define Cost Center Category (Please choose the correct option). d) 33. as having the same name of the Controlling Area. are correct. 33.3. c) 33.3. e) Its name is defined after creating controlling area and it must follow certain SAP standard rules. 33.FI Certification Questions and Answers Test 1 32. The cost center is not assigned to a fixed asset. b) 33. 33. you can only change the assignements of the organizational units company code.

The fixed value is only posted in the period in which it is entered. a) It is the object in CO module that correspond to the expense and revenue accounts in FI module. 36.2. Validation has priority under Substitution. b) [ ] False. The activity type category is used to determine whether and how an activity type is entered and allocated. c) It is the object in CO module that are used exclusively to identify internal cost flows and records revenues. a) [ ] True. a) [ ] True. Define Primary Cost Element (Please choose the correct option).FI Certification Questions and Answers Test 1 35. b) [ ] False.3. b) It is the object in CO module that are used to record internal value flows like activity allocation.1 Active split 37. a) [ ] True.SAP recommends that you use the same number interval groups for CO actual and plan transactions. a) [ ] True. 37.5. d) It is a revenue element. b) [ ] False. b) [ ] False. 36. 36. used in CO and it corresponds to a Balance Sheet Account in FI module. b) [ ] False.1. assessments and settlements. e) It is a tracing factor that helps to classify the specific activities that are provided by one ot more cost centers within a company.4. a) [ ] True. Splitting process can be divided in to following steps 37. 36.2 Passive split . True or false? 36. 36. You can create your own list variants for collective processing.

Consider the following statements: 38. create an activity type of the category 1 (manual entry. d) 37.5.5 and 37. Choose the correct option: a) 38.3. 38.4 and 37. Which of the following are correct about periodic allocation? a) Both Distribution & Assessment can be applied as a Periodic Allocation Technique in the New Ledger. e) 37. d) 38.2.6 are correct.2.2.2.6 Total split Choose the correct option: a) 37. manual allocation).4. are correct.4 Clearing lines/zero balance formation by document 37.1.3 Legal split 37. 38. and 38. 38.5.4 are correct.5 are correct. 37. and 38.4 are correct. 37. c) 37. . and 38.1. However Periodic Reposting is not used. are correct. b) 37. You can reposting direcy activity allocations in periods and in the same period form which the document to be adjusted originates.3. b) 38. Commitments are payment obligations that are not entered into the accounts. 37. 38.3.3 and 37. but that lead to actual costs at a later date. c) 38.4. b) Statistical Key Figure presently cannot be used as a Tracing Factor. and 38. Purchase orders reduces the commitment values. are correct.1.FI Certification Questions and Answers Test 1 37.5 are correct. 37.5. 37.1. 39.3. are correct. e) 38.2.1.3 and 37. are correct. To directly allocate activity. and 38. Reposting line items creates CO documents which don't contain a reference to the FI document. 38.5 Partial split 37.4.2 and 37.

d) It is used to lock the business transactions for a combination of company code. fiscal year and plant. fiscal year and purchasing organization. Which of the following are advantages of ledger solution? a) You maintain a separate ledger for every accounting principle b) You can use different fiscal year variants in this scenario c) The number of G/L accounts is manageable d) The data volume decreases . fiscal year and version. b) It is used to lock the business transactions for a combination of company code. fiscal year and version. fiscal year and document number. 40. c) It is used to lock the business transactions for a combination of controlling area. 42. Which of the following statements is true (Please choose the correct option(s))? a) The SAP R/3 system saves the information from the clearing cost center in totals records during a periodic reposting. d) A separate Assessment account needs to be defined for New General Ledger as a GL Account that is not a secondary Cost Element of category 42. c) Independent cycles can be processed in parallel if they have the same allocation type. What can we say about period lock (Please choose the correct option)? a) It is used to lock the business transactions for a combination of company code. b) The cycle-segment method is used only for defining periodic reposting. d) You can process cycles in the same cycle flow group in parallel. e) It is used to lock the business transactions for a combination of company code. e) During distribution.FI Certification Questions and Answers Test 1 c) Distribution Generates a FI Document as an output. 41. the original cost elements are summarized into distribution cost elements (secondary cost element category = 42).

b) resource planning. . 46.1. d) New GL should be activated before data migration 46. ____<3>____ consist of a key figure and one or more characteristics. e) distribution. c) After successful data Migration.2. d) accrual calculation. 44. ____<1>____ are numeric fields that you can evaluate in a report. it uses a ________________ for period-based distribution of the total values. Which of the following are migration principles? a) Date of Migration is at the beginning of a Fiscal Year (Current or Future) b) Year End closing of the Old Fiscal Year must be completed prior to migration and Activation of New GL.FI Certification Questions and Answers Test 1 43. 45. New GL will be activated. All of the reports are kept in ____<4>____. c) dependency planning.4. b) free entry. e) secondary statistical key figure. c) planned value. Plan values on cost centers can often be calculated using mathematical dependencies. ____<2>____ are fields that display criteria that you used in the data selection. ___________________ lets you use calculation dependencies to plan your cost center costs. Consider the following statements about Report Painter: 46.3. When planning statistical key figures. Please select the option that fulfills the above statement: a) receiver base. 46. d) distribution key. Please select the option that fulfills the above statement: a) formula planning. 46.

Which of the following are part of financial statements? a) Automatic offsetting entries b) Noted items c) Free offsetting entries d) All of the above 48. key figures. What can we say about Planner Profile (Note: we can have more than one correct sentence. b) In a given planner profile.FI Certification Questions and Answers Test 1 Please choose the option that substitutes <1>. characteristics. The following statement(s) is/are correct with holding documents. e) characteristics. a) Free assignment of the designation/ID b) A document number is assgined c) No update of the transaction figures d) Not taken in to account for evaluations/reports 49. <2>. c) predefined columns. and system libraries d) key figures. system libraries and characteristics. key figures. b) predefined columns. <3> and <4>. characteristics. 47. you cannot assign any number of planning layouts to any . key figures. respectively: a) key figures. system libraries and characteristics. predefined columns. Which of the following are process dimensions of SAP business workflow? a) Organizational structure b) Process structure c) Function d) Information 50. predefined columns and system libraries. predefined columns and system libraries. Please select the sentences you think they are correct)? a) It allows to control the planning process.

51. c) Controlling. b) Materials Management. Which of the following are screen areas of Business Workplace? a) Selection tree b) Workflow c) Worklist d) Work item preview 52. d) Enterprise Controlling. c) The R/3 system contains standard planner profiles. Profitability Management is related to which SAP R/3 specific module (Please choose the correct option)? a) Financial Accounting. e) Sales & Distribution. Which of the following are callup points? a) Document number b) Document header c) Document line item d) complete document 53. 54. d) Planner profiles are defined using the Report Painter. e) You can assign more than one planning layout to each planning area in the planning profile. Transaction type specifies which of the following are updated: a) Value fields .FI Certification Questions and Answers Test 1 number of planning areas.

You can assign an asset to the following Controlling objects: a) cost center. b) Select Detail. d) Dual axis form without key figure. 57. Which of the following are Form Types in drilldown reporting? a) Single axis form without key figure. Which of the following is not a function of SAP List Viewer? a) Select List. b) Internal order c) Activitiy type d) Maintenance order e) All of the above 56. c) Summation d) Select Colums e) Select Report.FI Certification Questions and Answers Test 1 b) Depreciation areas c) Asset balance sheet accounts d) All of the above 55. Which of the following evaluations types available only for customers? a) The DSO (Days Sales Outstanding) evaluation b) The overdue items evaluation c) Terms Agreed/Terms Taken d) The currency analysis e) The due date analysis 58. b) Single axis form with key figure. c) Dual axis form with key figure. .

Consider the following statements (Plan Integration): 61. d) Dummy Profit Center. What characteristic is needed when we need to calculate profits according to the cost-of-sales approach (Please choose the correct option)? a) Plant. cost plan. e) The assignment of a Report Painter/Report Writer to a library is optional. The ____<4>____ is created once the activity units have been planned. d) A transfer price is a price used to plan the transfer of goods and services that should be occur between independent organizational units. c) sales plan.2. The ____<3>____ can be used to derive planning planned contribution margins. e) Operating Concern. 60. 61. cost plan . master production plan. The____<1>____ is usually created to determine the quantities you expect to sell during the planning period. sales and profit plan. sales plan. b) The opening balance is taken from the average balance ledger "8A". <3> and <4>. respectively: a) sales plan.FI Certification Questions and Answers Test 1 59.3. . Please choose the option that substitutes <1>. 61. c) The average balance ledger (8Z) contains both weighted transactions by period and by company code. b) Cost Center. b) cost plan. c) Functional Area.1. <2>. master production plan. sales and profit plan. 61. Consider the following sentences and choose the correct option: a) All transactions carried out during a period are stored with a date weighting in the average balance ledger. sales and profit plan. The ____<2>____ determines both the capacities and the quantity requirements for raw materials and operating supplies. 61.4. master production plan.

indirectly. d) indirectly. sales and profit plan. dynamically. dynamically. dynamically. 63. d) Documentation integrated into the system. dynamically. e) indirectly. indirectly. indirectly. indirectly. b) Changes are immediately visible and effective. It has been created a SD billing document. indirectly. 62. e) Uniform Error Analysis. indirectly. 62. 62. indirectly. It has been posted an asset. master production plan. It has been created a SD billing document with a Sales Order. sales and profit plan. indirectly. Please select the sentences you think they are correct)? a) Changes not recognized or active immediately. What are the functions integrated in the Schedule Manager (Note: we can have more than one correct sentence. with a valuated project stock.5. 64. What are the advantages of using the Schedule Manager during the period-end closing processes (Note: we can have more than one correct sentence.3. indirectly. 62. c) Dependencies.1. dynamically. indirectly. dynamically. dynamically. How can the profit center be determined for each case.4.2. indirectly. It has been created an invoice receipt for a purchase order. master production plan. Consider the following processes that occur in R/3 system: 62. indirectly. b) dynamically.FI Certification Questions and Answers Test 1 d) sales plan. . It has been generated a goods receipt for a purchase order. respectively (Please choose the correct option)? a) indirectly. indirectly. cost plan. Please select the sentences you think they are correct)? a) Error correction and Restart. c) dynamically. cost plan e) sales plan. 62. b) Various ways for starting jobs.

b) It is intended to be restricted to the financial manager. c) It is intended to make the user list the transaction codes. c) Transactions. d) It is intended only to collect several jobs. Please select the sentences you think they are correct)? a) The access to messages and result lists. d) The system executes settlement. 67. b) The visualization of both entire technical and business information.FI Certification Questions and Answers Test 1 c) Access is available to everyone with authorization. 68. What is the intention of a task list? a) It is intended to group all work to be done. d) Programs with variant. What are the four task types (Note: we can have more than one correct sentence)? a) Create transaction code. e) Documentation ad flow for period-end closing are centrally integrated in the R/3 system. 66. What does the monitor provide (Note: we can have more than one correct sentence. What do the flow definitions provide (Note: we can have more than one correct sentence. d) The opportunity to view the work of colleagues and the processing sequence. e) It is intended to be self-documented. e) Flow definition. as well as the technical and business status of every task. Please select the sentences you think they are correct)? . e) The ability to monitor the total progress of period-end closing when the user uses more than one task list. b) Notes. c) The opportunity to postpone someone's tasks. 65.

d) The selection report selects all objects from the database that are relevant for subsequent jobs. Management of mySAP technology. validates and process the objects and after.FI Certification Questions and Answers Test 1 a) To define dependencies via external tools. Configuration Management. d) To allow the user a way for changing period-end closing data. 70. c) To define a fixed sequence of jobs that is integrated in the R/3 system. Software Change Management and Support Desk Management. Solution Management Optimization. FANEWGL _SWAP_IMG_OLD D. FANEWGL_ACTIVATION B. b) A chain can contain between four and ten steps. Empowering Management. Which program hides the old paths in the new general ledger A. b) To execute it only when the system is online. Support Programs Management and Testing Management. What are the building blocks for the SAP Solution Management strategy (Please choose the correct option)? a) Safeguarding Management. Blueprint Definition Management. b) Global Strategy and Service Level Management. e) To send mails to colleagues at defined times. 69. posts the results to the database. c) It is only after all jobs are run that the system detects any object errors that occurred. What does the Work list provide (Note: we can have more than one correct sentence. Please select the sentences you think they are correct)? a) Each jobs reads the relevant objects from the database. Business Process Management. This leads to an unnecessary sequential of database accesses. The system creates a special place for every object. . RFIGL_SWAP_IMG_OLD 71. e) A chain can contain any number of jobs. c) Project Management. RFAGL_SWAP_IMG_OLD C.

configuration and testing activities. Supplier Agreement Management and Organizational Effort Management. Strategic Enterprise Management. What are the five phases of the Implementation Roadmap (Please choose the correct option)? a) Global Strategy. Supplier Agreement Management and Organizational Effort Management. b) Project Preparation. e) Supply Chain Management. Customer Relationship Management. Customer Relationship Management. Business Warehouse Management and Advanced Planner Optimizing. Software Change Management and Support Desk Management. Project Monitoring and Control. d) Integrated Product Management. Logical Component. Please select the sentences you think they are correct): a) a customer platform that enables representation and documentation of the entire SAP documentation. Business Process Management of mySAP technology. d) Supply Chain Management. SAP Solution Manager is (Note: we can have more than one correct sentence. Realization. 72. Documentation. Configuration Management. d) a platform that only enables component-oriented configuration and testing. c) a platform that provides with the Business Process Repository central access to the list of predefined business scenarios. e) a platform that helps reducing the total costs of ownership (TCO). c) Integrated Product Management. Business Warehouse Management and Advanced Planner Optimizing. Development Management. b) a platform that provides a single point of access into component systems for design. e) Transactions. Project Monitoring and Control. Final Preparation and Go Live & Support. IMG Assignments and Test Cases. which serve as a starting point for identifying the project scope to be implemented. . Business Blueprint. 73. Configuration Management. Strategic Enterprise Management.FI Certification Questions and Answers Test 1 Customizing Synchronization Management and Testing Management.

Solution Monitoring and Support. A company code can have more than one operating Chart of Account 77. d) Fiscal year. Final Preparation and Go Live & Support. This is a list of all G/L accounts used by one or several company codes . c) Transactions. Realization.FI Certification Questions and Answers Test 1 74. It provides an unbroken audit trial from the financial statements to the individual documents D. IMG Assignments and Test Cases. A company code can only be linked to one controlling area D. It is used to count the number of documents used to during a posting in FI 78. d) Project Preparation. Business Blueprint. In SAP what is the document principle? A. Which of the following statement is correct? A. Logical Component. It is the set of documents FI is based on C. A company code is not an organizational unit B. A company code must use business areas C. What are they (Please choose the correct option)? a) Operations. e) Workflow. 76. Documentation. In SAP FI which statements are correct for the chart of accounts? A. 75. Solution Manager and Solution Monitor. Which of the following are types of selection variables for report variants? a) Table variables from TVARV b) Dynamic date calculation c) Posting period. SAP Notes assistant and interface to SAP Service Marketplace to send Support Notifications. It determines the data flow between Financial Accounting and other components of the SAP system B. The SAP Solution Manager as the technical and operations infrastructure has some components. It is possible to assign only two chart of accounts to a company code B. b) Schedule Manager. SAP Notes search.

For each G/L account. C. B. account name and the information that control how an account functions and how a G/L account is created in a company code D. A company in the SAP structure is: A. It is possible to assign more than one chart of accounts to a company code 79. Operating chart of accounts Standard chart of accounts Optional chart of accounts Country specific chart of accounts Group chart of accounts . D.FI Certification Questions and Answers Test 1 C. B. Which of the following are structures of Chart of Accounts? A. Used the same as a company code A consolidation master record Used to report structures in SAP Used to accumulate company code data for more than one company code 80. E. C. the chart of accounts contain the account number. D.

Individual tasks can usually be assigned several possible processors. No zero balance check is made since no assignments are made to offsetting accounts. D and E Noted items are purely ‘reminders’.FI Certification Questions and Answers Test 1 Answers 1. C.A. A. C and D 5. C and D One workflow variant can be used for several company codes. 4. C and D Down payments. D and F 6. A. C. bills of exchange and other types are referred to as special general ledger classes 2. C. All of the above 10. A. B. C 7. A . It is possible to create multilevel workflow sequences. 3. A and D 9. D and E 8.

All of the above 19. A. 23. A. A. B and C 28. A. A. B and C 14. B 12. B and C 25.FI Certification Questions and Answers Test 1 11. A. A. B and D 21. A. C. All of the above 18. B and D 15. B and C 13. C and D 17. in addition to the above 20A. A and D 27. All of the above 26. Other two are fields of company code data 24. A and C B and D are closing activities. B and C 29. C . B and C 22. A. B and D. 16. B and D The Accrual Engine can be used for manual accruals in financial accounting.

True. 33. D. 49.2. C. A. 36. 37.5. A. A. 36. C and D. 52. 47. Validation has priority. C. 36. B. A. C. or it is "stronger". C. True. D. 34. The fiscal year total is an average of the period totals. 32. All of the above 50.3. 42. A. A. False. 39. SAP recommends that you create different number interval groups for CO actual and plan transactions. than Substitution. The fiscal year total is the sum of all the period values. C and D . False.4. E. 38. The TOTALS VALUE is only posted in the period in which it is entered. 36.1. C. D. A. 35. 48. E. 36. B and C 43. 51. C. A. D. The FIXED VALUE is carried over from the period in which it is entered to all subsequent periods of the same fiscal year. B and C 46. 44. True. C. 45. True or false: 36. C and D. All of them 40. B and C 31.FI Certification Questions and Answers Test 1 30. 41.

C. C. Integrated functions in the Schedule Manager: . the profit center is determined dynamically from the WBS element contained in the actual SD billing document. E. D. . D. according the profit center defined in the sales order. D. E. . 54. 60. A.Uniform Error Analysis. the profit center is always determined dynamically (Overhead Cost Order OR Cost center of the asset). B. C. B. E. When a goods receipt is created for a purchase order. 55. When an asset is posted. the profit center is always determined indirectly. . 64. 57.Dependencies. D. 61. according the profit center defined in the purchase order. . the profit center is always determined indirectly. B. 58.Error Correction and Restart. B and C. When a SD billing document is created with a valuated project stock. 62. 65.FI Certification Questions and Answers Test 1 53. A. A and C. 59. E.Uniform Start for Jobs. E.Documentation integrated into the system. A. 63. 56. A. 66.Communication. D. the profit center is always determined indirectly. D. D. E. A. according the profit center defined in the purchase order. When a invoice receipt is created for a purchase order. . E. 67. C. When a SD billing document is created with a sales order. .

D and E Wish You All The Best . C 77. A and B 76. A. B 80. 74. 72. 69. E. C 78. A. 73. 71. 70. ABCD 79. A. B.FI Certification Questions and Answers Test 1 68. B. B. SAP Solution Manager enables process-oriented versus component-oriented configuration and testing. D. B. E. C. C. E. 75.

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