ACADEMY: FINANCIAL ACCOUNTING FI PAPER - 12

1. Company codes attached to the same controlling area have a. same operational COA b. same country COA c. same group COA d. different operational COA 2. every transaction results in a document a. partially true b. completely true c. completely false 3. the a. b. c. d. field status of the text field in the header of a document is controlled by account type document type field status group posting key

4. which of the statements are true a. SAP supports a maximum of 999 line items b. SAP supports a minimum of 1 line item (except for noted item) c. The transaction figures in a document need to match 5. Cross company posting is possible for companies with different COA a. Completely true b. Completely false 6. Reconciliation accounts are updated on a daily basis a. completely true b. partially false c. completely false 7. the field status of the field group account number in the G/L master is controlled by the account group a. completely true b. partially true c. completely false 8. the a. b. c. d. 9. the a. b. c. field status of the fields in the company code data are controlled by account group account type transaction/activity type chart of accounts rates of tax is defined in the account key partially true completely true completely false

10. the alternative account number is a free flowing field a. partially true b. completely true c. completely false

ACADEMY: FINANCIAL ACCOUNTING FI PAPER - 12 11. set data sets the dcata permanently in the system, whereas the hold data function does it till the session is on a. partially true b. completely true c. completely false 12. when the same field has both a validation rule and a substitution rule a. It causes an error b. validation takes priority c. substitution takes priority d. the rule that was created first takes priority 13. the cross company code transaction number is taken from its document type a. completely true b. partially false c. completely false 14. for every G/L account, a primary cost element needs to be created immediately if the company code is assigned to a controlling area a. completely true b. partially true c. completely false 15. a fiscal year that is a same as a calendar year needs a year dependent fiscal year variant a. completely true b. partially true c. completely false 16. many business areas can be assigned to one company code a. completely true b. partially false c. completely false 17. every company code can have only one cash journal a. completely true b. partially false c. completely false 18. every line item of a document needs to have a unique posting key a. completely true b. partially false c. completely false 19. the document number range for reconciliation accounts can have external numbering a. completely true b. partially false c. completely false

ACADEMY: FINANCIAL ACCOUNTING FI PAPER - 12 20. if business area balance sheets are enabled for a company code, then the field business area in the account assignment screen can be a. suppressed b. optional c. display d. required 21. field status groups are created at the client level a. completely true b. partially false c. completely false 22. there can be any number of posting periods open for a company code a. partially true b. completely true c. completely false 23. posting periods can be closed automatically by giving a deadline date a. completely true b. partially false c. completely false 24. keeping posting period for account type + open allows a. creating a document header for the posting period b. creating all line items for the posting period c. creating line items for account types which have been assigned to + d. creating line items for account types whose posting period is open 25. a vendor invoice needs a GR to be posted a. completely true b. partially true c. completely false 26. for getting the transaction figures for an account line item display needs to be activated a. completely true b. partially false c. completely false 27. all a. b. c. line item display accounts need to be open item managed completely true partially false completely false

28. documents cannot be reversed a. if the company code does not allow negative postings b. if document type does not allow negative postings c. if the document type does not have a reversal document type attached to it d. if no reversal reason is created and assigned

29. base line date is

ACADEMY: FINANCIAL ACCOUNTING FI PAPER - 12 a. b. c. d. e. the document date posting date entry date all of the above any of the above

30. base currency is assigned to the company code a. completely true b. partially false c. completely false 31. tax calculation rules are controlled by a. condition types b. account key c. tax code d. tax procedures 32. every company code must have a. operational COA b. a country COA c. a group COA d. at least two COAs 33. the account group must be for P&L items for accounts which are P&L accounts a. completely true b. partially false c. completely false 34. every house bank needs to have at least one account id a. completely true b. partially false c. completely false 35. bank G/L accounts are assigned to house banks, and all accounts under the house bank have the same G/L account a. partially true b. completely true c. partially false d. completely false 36. the user can create his own transactions types for cash journal business transactions a. completely true b. partially false c. completely false 37. noted items a. create only one line item b. need to be identified in the special G/L transaction type as a noted item c. are always available for credit control 38. which of the following statements are true a. special G/L items post into a separate reconciliation account b. the reconciliation account for the special G/L transactions is defined per company code c. statistical postings create only one line item KEY

ACADEMY: FINANCIAL ACCOUNTING FI PAPER - 12

1. A,C 2. B 3. B 4. A,C 5. A 6. C 7. C 8. A,C 9. C 10. A 11. A 12. C 13. C 14. C 15. C 16. C 17. C 18. C 19. C 20. C 21. C 22. B 23. C 24. A 25. C 26. C 27. C 28. D 29. E 30. C 31. D 32. A 33. C 34. A 35. D 36. C 37. A,B 38. A