Many SAP FICO Consultants are keen on finding the SAP FICO certification questions.

I am including few of the SAP FICO certification questions on the Management Accountant Blog. You can give a try on the following questions. End users on SAP can test their knowledge about the system.

1. A chart of accounts ( Multi Choice) A. can be allocated to multiple company code B. can be defined as the group chart of accounts C. only contains definitions for G/L accounts D. can only allocated to one company code.

2. A client. ( Single Choice) A. may only contain a single chart of accounts B. may contain multiple charts of accounts C. may only use one currency type D. may only have one controlling area

3. Identify the correct statement(s) relating to how the main business processes are integrated in the SAP R/3 System. ( Multi Choice) A. A purchase requisition is a documented request to purchase goods or services. In SAP it can be created manually or automatically. B. A goods receipt is the recording of the movement of materials into the warehouse. In SAP, a financial document which updates the inventory account and an accrued liability account is created C. The Invoice receipt and verification process compares the vendor invoice with the purchase order and goods receipt. However, the corresponding financial transaction must be entered through the financial module of R/3. D. In SAP, payment processing reduces the liability to a vendor and a company's cash balance, records discounts taken and disburses payment. E. A customer delivery is the transfer of the ownership of goods. A customer delivery includes, creation of a delivery document, picking the goods for shipment; physically transferring the goods to the customer and financially recording the goods issue.

4. Identify the correct statement(s) regarding organizational elements within the R/3 System. ( Multi Choice) A. The Sales area combines the sales organization, distribution channel, and division. B. The Purchasing Organization is responsible for the purchasing for the only one plant. C. A plant is a location in which inventory quantities and values are stored or manufactured. D. A Controlling area can comprise several company codes using different chart of accounts but must operate in the same currency. E. A profit center is used to generate income statements and operating profit statements.

5. Which of the following statements is true ? ( Single Choice) A. A Company code can belong to more than one controlling area. B. A plant must be allocated to a company code C. A controlling area and a company code must have the same local currency. D. A business area and a company code are assigned to each other in the corporate structure IMG

6 . Which of the following statements about year-end closing are correct?(Multi) A. You carry out year-end closing before the fiscal year change. B. During year-end closing, the program checks if the year-end closing can be carried out. C. Once the year-end closing was successfully completed, the system automatically changes certain entries in Customizing (closed fiscal year) D. You cannot create and post to new fixed assets until The year-end closing is successfully completed E. You can only conduct year-end closing on June 30 or December 31 of each year.

7. What steps have to be completed before you can generate asset classes form G/L accounts? (Multi) A. Account selection B. Account determinations C. Number range intervals D. Screen layout variants E. Asset classes

8. For each depreciation area you need to specify whether you want to (Multi) A. post depreciation at periodic intervals to the general ledger B. post asset values at periodic intervals C. automatically post values online D. use index classes E. post to business areas

9. Please click on the button next to the correct answer.(Multi) A. The business area can run across many company codes, i.e. all company codes can post in all business areas. B. A company code may belong to more than One Controlling Area. C. Each company codes uses exactly one chart of accounts and one chart of depreciation. D. Business areas are used to create internal balance sheets and income statements.

10. The time of the first acquisition posting to the asset sets the following fields in the master of asset(Multi) A. the depreciation start date per depreciation area B. the cost enter to be hit through depreciation C. the date of capitalization D. the depreciation key

11. Usually one Chart of Depreciation is defined for each country. At which level is the chart of Depreciation created?(Single) A. at Company Code level B. at Client level. C. at Chart of accounts level. D. at Business area level. E. at System level.

12. What are the functions asset class?(Multi) A. Asset number assignment. B. Cost Center determination. C. Screen layout D. Account allocation E. Definition of default value.

A general query by people who have experience in SAP.

Can I appear for SAP FICO certification examination without undergoing the training program ?

I have experience as end user of SAP, can I do SAP certification ?

The answer is available on SAP website on Examination Policies and Procedures. Participants

Partners and customers may register suitably qualified employees as candidates for the certification examination.

Participants in training courses that are given by SAP or SAP's authorized training partners and that include the certification examination may attempt the certification examination. For all Academy tracks that contain Case Studies, full participation of the student is mandatory to qualify to take the certification exam.

Previous Questions

13. Integration with MM: An asset purchase order is created in Purchasing. The goods receipt is posted on a value basis. Invoice verification then posts the invoice. What is the name of the auxiliary account used for all of these transactions?(Single) A. MM/FI clearing account. B. GR/IR clearing account. C. Asset purchasing clearing account. D. Asset acquisition clearing account. E. Vendor asset acquisition clearing account

14. What additional functions do asset classes offer?(Multi) A. Specify required entry fields for asset master data B. Enter default values for asset master data C. Enter default values entries for depreciation area D. Enter allowed entries for user fields E. Define allowed company codes

15. Which of the following statements about manual depreciation (for example unplanned depreciation in FI-AA) area true?(Multi) A. You cannot post manual depreciation in FI-AA. B. Manual depreciation is posted immediately after entry(real time). C. Manual depreciation is initially shown as a planned value after entry and only posted when the depreciation posting report is run. D. Manual depreciation usually only applies to depreciation areas which you choose when you enter the document.

E. After entering manual depreciation in FI-AA., you also need to enter it manually in FI/CO.

16 .Which correspondence extracts all items in the chosen period from a customers account displays the balance carried forward balance and a closing balance of the Account ?(Single) A. Payment advice B. Payment notice C. Account statement D. Dunning notice

17. Which of the Following statements about automatic payment are correct ? (Multi) A. In automatic payment procedures, all incoming invoices as of the second dunning level are paid automatically B. Direct debiting or bank collection can be used in automatic payment procedures to clear customer invoices C. Open items posted to G/L accounts can be cleared using the payment program D. Special G/L transactions(down payment)can be posted using the payment program E. The payment program can pay vendor invoices using wire transfers and checks

18. Imagine the following scenario:A company wants to execute a payment run on a daily basis and process several company codes at the same time. If the amount exceeds US$ 1000, the vendors are to be paid by bank transfer, amounts less than US$ 1000 are to be paid by check. The customer has two house banks and wants all checks to be processed by bank A and all (Multi)

A You store variants for print programs within customizing. Here you can specify that the information is to be output to a data carrier B. You specify, per house bank, whether payments are to be made by check only or also by transfer C. You specify the payment method from within the application,in the master record D. The payment proposal of the automatic payment program can only be displayed E. You can precisely schedule the print program from within the application

19. According to which criteria does the payment program determine and select open items (Single) A. posting date and baseline date B. document date and posting date C. baseline date and payment terms D. posting date and cash discount periods E. posting date and payment terms

20. Which of the following statements are true with regard to the customizing setting for banks in the automatic payment run ? (Multi) A. The sequence of the banks for processing outgoing payments is selected randomly B. You can only determine one payment method per house bank C. You can select several payment methods per country D. You can specify by bank and method the anticipated number of days before the bank account is debited E. You can determine the banks to be used for payments according to postal code

21. Which of the following factors does the systems take into account in a payment run ?(Multi) A. Fiscal year variant B. Payment method specifications in the IMG C. Specifications in the vendor master records D. Information in the documents(incoming invoices) E. Specifications made when maintaining the payment run parameters

Entry date D. Documents originating in other modules should be corrected there to allow the changes to flow naturally through to financial accounting. You should read every line of it and any doubts test it in the system. which date is used to determine the exchange rate if the translation date is not entered ?(Single) A. Entry date D. Posting period variant. C. (Multi) . The original document contains no cleared line items. the system reverses the document using the posting date of the document to be reversed. The best sources is to read the training materials which is provided during the certification. Posting date B. Write your answer. When entering a document using a foreign currency. A house bank can be assigned to a business area within the payment program configuration 23. A House bank account can be defined in more than one currency D. Baseline date 24. B. you do not need to specify the country. Field status variant.22. House bank master data must be created in advance. Fiscal year variant. C. When creating a House bank. which of the following statements supports the reversal of a document?(Multi) A. Check the solution at the end of the post. A new document number is created for the reversal document. D.2 26. B. Take a test on this question When entering a document using a foreign currency. If a reversal date is not specified. Which of the following statements are correct ?(Multi) A. Closing period variant. B. The payments program can use a different House bank for each different payment method C. This is part 3 and concluding part of SAP FICO certification questions. before assigning the House bank to a payment method in the payment program configuration E. which date is used to determine the exchange rate if the translation date is not entered ?(Single) A. Document date C. Document date C. Previous posts: SAP FICO Questions . Choose the correct statements regarding recurring documents. Baseline date I got the answer wrong the first time. where are posting periods defined?(Multi) A.1 SAP FICO Questions . 25. Preparation for the SAP certification is quite daunting. D. Posting date B.

Define an account symbol 28. 31.A. the next run date cannot be displayed. depending upon the account group. depending upon the company code. the system can include outstanding Accounts Receivable invoice items in payment program. Both the main bank account and the bank clearing account permit line item displays. The original recurring document can be deleted from the batch input menu. Which of the following statements about creating customer master records are correct? (Multi) A. Define a posting rule C. E. Which of the following statements about manual planning are correct?(Multi) A. Which of the following statements are correct? (Multi) A. C. D. E. Field values can be changed in recurring document. 29. The posting date is determined by either the run date or the run schedule. The retention periods are determined by the bank account name. D. If a customer is also a vendor. C. the system can include outstanding Accounts Payable invoice items when you clear incoming payment receipts for the customer. E. If a customer is also a vendor. suppressed or optional. The most efficient way to create master records is to work with the external number range not internal number range. The main bank account and the bank clearing account use the same sort key. Define an internal activity B. All customer belonging to the same account group must be assigned to the same reconciliation account. C. Which of the following statements are correct? (Multi) A. A customer master is divided by client level and company code level. the valid time period must be defined. Define a posting type D. and reconciliation account are included in the client level of the customer. 30. Open items are managed for both the main bank account and the bank clearing account. After running the recurring document posting. B. B. Define a currency E. The expiration date shows how long the payment advice is included in planning. control data. B. . When creating a recurring document. In manual bank statement customizing. Information on each screen may be defined in configuration as mandatory. or reactivated. The company code is always a required entry. The account number may be assigned by the user externally. B. D. 32. The reconciliation account defined on the customer master record is an account used to reconcile CO transactions back to FI. 27. The planning type determines which bank accounts the plan amount to be inputted to. The alternative payer is used to transfer outstanding receivable item to the alternative payer's account. The value date in the field status string for both the main bank account and the bank clearing account must accept entry. Archived payment advices are included in planning till the value date. B. E. The cash-relevance flag in the master records for both the main bank account and the bank clearing account must be set. E. D. The payment advices for editing can be changed. D. Address. archived. D. An account group always gets assigned to a customer. In case of one-time customer you have to enter the customer's address in the document itself. Information on each screen may be defined in configuration as mandatory. C. Bank accounts should be controlled as follows when Cash Management is in use:(Multi) A. you must (Multi) A. C. B. C. suppressed or optional.

C. C. the total output activity quantity is determined by summing all of the activity quantities allocated. The cost center must be defined. B.Which of the following statements is true about CO production orders?(Multi) A. . You can post primary costs from Financial Accounting to the order. C. Before you can create a new primary cost element. Distribution can be made for both planned and actual figures. 39. CO production orders. C. The plant must be in the system. The house bank and payment method 34. If the amount of activity consumed by the receiver is not measured. C. 38.Which of the following statements are correct regarding Internal Orders?(Single) A. D. You can post secondary costs from overhead calculation to the order. D. 37. then indirect activity allocation is used. instead of having to change individual items in the documents. The controlling area must be defined. D. B. Result analysis orders for posting accrual costs in CO. The primary cost element is one type of master data in Controlling. Bills of materials and routings are required. If both the amount of the activity used by the receiver and the total output activity quantity of the sender can be measured. E. B. assessments cannot. The business areas have been defined. 36. The company code C. The reconciliation account B. Maintenance orders. Sales orders for make-to-order function E. D. It is an internal order used to control production from a cost accounting point of view.33.this function allows you to change a whole group of line items simultaneously. Which of the following conditions must be fulfilled BEFORE you can create primary cost elements?(Multi) A.Which statements are true regarding direct and indirect activity allocations? (Multi) A. It is not possible to post goods movements to and from the order. only closing entries can be made. Additional order status categories can be created in the order master. Manual activity input planning cannot be performed if actual activities are allocated indirectly. Bulk change of line item . What is the difference between distribution and assessments? (Multi) A. B. The G/L account must be defined. certain prerequisites need to be fulfilled. 35. assessments cannot. Planning transactions are allowed under any status. B. D. Capital investment orders for creating assets. Distributions can be made using statistical key figures. then indirect activity allocation is used. If direct activity allocation is used. Which of the following order types are internal orders?(Multi) A. What data can you change using this function?(Multi) A. B. The payment terms and payment block D. Once an order has been released. E. Transactions can be allowed or disallowed depending in the order status.

I had finished my answers in first one and hour of the examination but stayed there to check my answers again. Asset acquisition clearing account. When entering a document using a foreign currency. you get the results. which date is used to determine the exchange rate if the translation date is not entered ? A.you must enter the last depreciation posting period from your previous system in the SAP R/3 System. Good Luck. Vendor asset acquisition clearing account . the system automatically determines replacement values and insurable values using batch input. B. So it is a good idea to stay in the examination hall for allotted hours. The moment your time is up. try out the exercises and revise. When you transfer asset data ‘during the fiscal year’. you can specify the order in which the depreciation are apper. assessments are used when this information is not necessary on the receiver. E. MM/FI clearing account. During the asset transfer. Transferring asset data ‘during the fiscal year’ is only possible on july 1 of the given year. B. C. Asset purchasing clearing account. B. GR/IR clearing account. C. When you transfer asset data ‘during the fiscal year’. The key to pass SAP certification is to read the SAP training documentation. The answer to the question Q. Which of the following statements about asset data transfer from a previous system are correct?(Multy) A. Invoice verification then posts the invoice. Intergration with MM: An asset purchase order is created in Purchasing. D. D. Document Date 21. assessments are made using secondary cost elements. 22. D. What is the name of the auxiliary account used for all of these transactions?(Single) A. During the asset transfer. The examination will be computer based and will consist of singe as well as multiple choice questions. The goods receipt is posted on a value basis. E. You will pass the certifications. I revised lot of my answers particularly the multiple choice ones.C. Distributions are made using the original primary cost elements. You should remain calm and relaxed on the SAP Certification Examination. Distributions are used when the original cost information is necessary on the receiver. you can enter either the APC or the net book value.

You can precisely schedule the print program from within the application 28. The payment program can pay vendor invoices using wire transfers and checks 27. Enter default values entries for depreciation area D. You specify the payment method from within the application. Which of the following statements about manual depreciation (for example unplanned depreciation in FI-AA) area true?(Multy) A. Enter allowed entries for user fields E. Payment notice C. Manual depreciation is initially shown as a planned value after entry and only posted when the depreciation posting report is run. amounts less than US$ 1000 are to be paid by check. Here you can specify that the information is to be output to a data carrier B. What additional functions do asset classes offer?(Multy) A. whether payments are to be made by check only or also by transfer C. The payment proposal of the automatic payment program can only be displayed E. Dunning notice 26. Manual depreciation is posted immediately after entry(real time). In automatic payment procedures. the vendors are to be paid by bank transfer. After entering manual depreciation in FI-AA. C. Direct debiting or bank collection can be used in automatic payment procedures to clear customer invoices C. posting date and baseline date . Specify required entry fields for asset master data B. per house bank. Payment advice B. 25 . Enter default values for asset master data C. D.Which correspondence extracts all items in the chosen period from a customer’s account displays the balance carried forward balance and a closing balance of the account ?(Single) A. Special G/L transactions(down payment)can be posted using the payment program E.23. you also need to enter it manually in FI/CO. Define allowed company codes 24. E.. Account statement D. Which of the Following statements about automatic payment are correct ? (Multy) A. If the amount exceeds US$ 1000. Manual depreciation usually only applies to depreciation areas which you choose when you enter the document. You cannot post manual depreciation in FI-AA. The customer has two house banks and wants all checks to be processed by bank A and all… (Multy) 문제미완성 A You store variants for print programs within customizing. You specify. According th which criteria does the payment program determine and select open items (Single) A. all incoming invoices as of the second dunning level are paid automatically B. Imagine the following scenario:A company wants to execute a payment run on a daily basis and process several company codes at the same time.in the master record D. Open items posted to G/L accounts can be cleared using the payment program D. B.

The payments program can use a different House bank for each different payment method C. document date and posting date C. posting date and payment terms 29. B. House bank master data must be created in advance. Which of the following statements are true with regard to the customizing setting for banks in the automatic payment run ? (Multy) A. posting date and cash discount periods E. You can only determine one payment method per house bank C. you do not need to specify the country. Entry date D.B. The sequence of the banks for processing outgoing payments is selected randomly B. A House bank account can be defined in more than one currency D. Baseline date 33. Specifications made when maintaining the payment run parameters 31. Document date C. You can select several payment methods per country D. Which of the following statements are correct ?(Multy) A. Payment method specifications in the IMG C. When entering a document using a foreign currency. Information in the documents(incoming invoices) E. Specifications in the vendor master records D. Fiscal year variant B. When creating a House bank. Posting date B. A house bank can be assigned to a business area within the payment program configuration 32. You can determine the banks to be used for payments according to postal code 30. before assigning the House bank to a payment method in the payment program configuration E. where are posting periods defined?(Multy) . which date is used to determine the exchange rate if the translation date is not entered ?(Single) A. You can specify by bank and method the anticipated number of days before the bank account is debited E. Which of the following factors does the systems take into account in a payment run ?(Multy) A. baseline date and payment terms D.

C. Archived payment advices are included in planning till the value date. Documents originating in other modules should be corrected there to allow the changes to flow naturally through to financial accounting. A new document number is created for the reversal document. The original document contains no cleared line items. Define a currency E. In manual bank statement customizing. E. Field status variant. Define a posting type D. Field values can be changed in recurring document. the system reverses the document using the posting date of the document to be reversed. the next run date cannot be displayed. The posting date is determined by either the run date or the run schedule.(Multy) A. 35. C. B. Choose the correct statements regarding recurring documents. Fiscal year variant. B. Open items are managed for both the main bank account and the bank clearing account. the valid time period must be defined. . you must (Multy) A. The payment advices for editing can be changed. D. When creating a recurring document. The retention periods are determined by the bank account name. Posting period variant. D. D. D. Define an internal activity B. or reactivated. B. The original recurring document can be deleted from the batch input menu. Which of the following statements about manual planning are correct?(Multy) A. After running the recurring document posting. C. which of the following statements supports the reversal of a document?(Multy) A. 34. 38. C. archived.A. If a reversal date is not specified. B. E. 36. Define an account symbol 37. Define a posting rule C. Bank accounts should be controlled as follows when Cash Management is in use:(Multy) A. Closing period variant. The planning type determines which bank accounts the plan amount to be inputted to. The expiration date shows how long the payment advice is included in planning.

a company code can have many6. A customer master is divided by client level and company code level. Which of the following statements are correct with respect to business area 1. Which of the following statements about creating customer master records are correct? (Multy) A. In case of one-time customer you have to enter the customer’s address in the document itself. D. control data. B. 39. C. An account group always gets assigned to a customer. The main bank account and the bank clearing account use the same sort key. 3. Address. D. What are true with respect to business area 1. depending upon the account group. B. 3. 4. suppressed or optional. The most efficient way to create master records is to work with the external number range not internal number range. a plant is assigned to only one company code a company code must be assigned to one chart of accounts only a chart of accounts can be assigned to multiple company codes a plant can be assigned to many company codes 3. The company code is always a required entry. C. Both the main bank account and the bank clearing account permit line item displays. E. suppressed or optional. 2. depending upon the company code. The value date in the field status string for both the main bank account and the bank clearing account must accept entry. 2. 2. and reconciliation account are included in the client level of the customer. Which of the following statements are correct 1. 4. 1. one business area can be used for many company codes business areas must be assigned to company code in the IMG they are used for internal P&L and balance sheets a company code can have many business areas 2. The account number may be assigned by the user externally. business areas a business area can be across company codes use of business area is not optional in R/3 system balance sheets and profit and loss statements can be drawn up for business areas . C. The cash-relevance flag in the master records for both the main bank account and the bank clearing account must be set. E. 3. Information on each screen may be defined in configuration as mandatory. Which of the following statements are correct? (Multy) A.B. Information on each screen may be defined in configuration as mandatory. 40. D. 4.

data base. 4. The three tier in R/3 system is represented by 1. 5. company company code controlling area plant enterprise controlling 9. 2. a customer implementing R/3 system an individual PC in which batch inputs are done for uploading to SAP at a later date the highest technical entity in R/3 the data server the front end presentation PC which interacts with SAP system 7. a company code can have many plants a company code can have many companies . 001 and 002 testing client 777 and training client 999 client 001. 5.002 and training client 999 client 000 and 001 client 001. 000. 3. testing client 777 and training 999 6. Which of the following statements may be false with respect to a business area 1. 000 . 4. 3. programs presentation client. 5. 8. client. 4. 4. the use of business area is optional a company code can have many business areas business area balance sheet will always balance none of the above 5. 3. 5. The standard delivery clients in a R/3 system are 1. customer and application data. 2. 4.4. data base and customer of R/3 3. 2. Which of the following statements is always false with respect to a company code 1. user and application user. 2. 3. The entity in R/3 to provide financial statements and results at the lowest level is 1. 2. 2. client 000. What are all the possible meanings of the word ‘client’ that have been used 1. R/3 application and data base application.

task menu and help menu system menu. application menu and help menu main menu. password language. password. application menu and task menu main menu. 5. The order of fields as they appear during the log on to an R/3 system is 1. 3. 2. a sales organization can be assigned to only one company code a company can have many company codes a company must be linked to a controlling area a company code must always be assigned to a company an operating concern can indirectly contain only one company code 11. 4. 3. The menu hierarchy in standard R/3 system is 1. of sessions that could be open are 1. user id. 4. a company code can be linked to only one controlling area a company code need not be linked to an operating concern a company code can have many sales organizations 10. 3. language . client id. 5. Which of the following entities are optional to implement the core financial module of R/3 1. 4. the maximum no.3. 5. 2. operating concern controlling area business area plant company code 12. 5. sub menu. application menu and user menu 13. client. password client. 4. 4. user id. For a user with two user ids to the same SAP R/3 client. 2. 2. six nine twelve eighteen twenty four 14. 3. 2. Which of the following statements are always true 1. application menu and help menu client menu. 5. main menu. 3.

5. the system does not automatically save the data/information of the session being closed system always prompts for saving the data in the session being closed system always automatically saves the data/information of the session being closed without prompting’ system prompts for saving the dta of the session being closed at the time of user log-off from the system 17. 4. 4. error. 5. 4. password. 2. 2. Which of the following entities cannot be directly assigned to a company code 1. 3. 2. user id. 2. Which of the following is not seen by the user normally in the status bar of the SAP screen 1. 3. and warming messages 16. 3. company business area controlling area functional area financial management area 18.4. 2. 5. client number/id session number data server name/id user id/name information. 3. client. the implementation guide the implementation assistant business navigator business engineer sessions manager . 5. advances in business applications programming applications in business and advanced program advanced business applications programming advanced business for advanced program advantage in business applications programming 19. 4. 4. ABAP stands for 1. A user has multiple sessions open and when open of the session is closed by the user 1. The configuration of the R/3 is done through 1. language 15. 3.

4. there must be quality control of the first four stages before the ‘go-live’ phase external consultants must always carry out quality control 24. 2. the power (key) users shall not be involved in the testing process as it would hinder timely completion of the activity 4. 5. technical requirements planning must be taken up 22. the business blueprint document must be prepared enterprise scope area document must e prepared for initial project planning project plan must be prepared the project kick off meeting is very essential to involve all the key users and project team members to communicate the objectives and mission of the project 5.20. What are the three data types in SAP 1. there is a direct automatic updation of the IMG for the business processes/components in scope to be customized 2. the implementation guide implementation assistant concept check tool business navigator Q&A Db 21. master data. 4. 4. Which of the following are true with respect business blueprint phase 1. when the business processes are identified and updated in the system. he volume and stress test must be conducted on the same system in which user training is done testing a tool which avoids retrospective changes and acts as an early warning system to correct the customization of business processes 3. The ASAP CD contains 1. transaction data. Which of the following statements re true with respect to testing and quality reviews as recommended by SAP 1. a list of activities to be taken up in IMG for customization is generated 3. 5. and balance data . 2. 2. 3. Which of the following statements are true regarding ASAP – project preparation phase 1. the standard reference model of R/3 system cannot be directly accessed from the Q&A db business blueprint document shall be generated 23. 3. when customer inputs are updated on the Q&A db.

table data and server data 25. same currency same fiscal year variant same chart of accounts same controlling organization structure . 4. 4. 2. and transaction data table data. master data. table data.2. user data and transaction data master data. 3. and user data master data. 5. table data. Various company codes access a controlling area should have 1. 3.

21. C-F. People who are going to attend the certification exam kindly concentrate on the TFIN50 and . A-T. B-F. C-F.C.C. 14. 2.D. D-F.D C C I passed my SAP FI certification ECC 6.KEY 1. 15. D-T A-F. D-T A-T. 18. A B. 11. 19. 8. C-T. B-F. 13.E B. C-F. 7. E-F B B B C. 12.E B. D-T A-T. 24. C-T. 5. B-F. 17.D A C C . 10. 20. 22. B-F. E-F A-F. 25.D C A B. D-T.C. B-F. 16. C-F. 3. 9. D-F A-F.0. 23. D-T. E-F A-F.D B. 4. B-T. 6. C-T. I want to thank each one of them in the group for their support. B-F.

1Q on authorisation. NEW GL and so on. 4Q on Customer. 2Q on Foreign currency. You have to select each option is True or False. . No straight Questions. Based on that 4 to 6 options. 3 questions on asset class. 2Q on GL 15 Payment Program. If possible kindly practice the configuration part (Not mandatory).5 Main questions on cash discount. 3 on Balance confirmations Subject . 3Q on Vendor. 1Q on FSG.. Two types of Questions:   Single answer questions {SAQ will be around 10 . 1Q on tolerance group. APP.TFIN52 Tips for people who are going to attend the exam:       Understand the concepts. 4 questions on asset transactions and depreciation 1 question on M/E closing. Masters. Do the preparation based on the syllabus not based on books. 1Q Doc Reversal.4 2Q on Roadmap Special General Ledger 1Q on Park & Post. Evaluation Options in Reporting .. Approx number of questions asked 2 questions on depreciation area.... 1 on navigation SAP Solution Manager .. “But one thing I can say if you are through with syllabus 'YOU' can easily pass”..7 2 Q on list viewer and 3 questions on drill down report Financial Accounting Master Data 3Q on Bank. 2Q on Splgl...14 1Q on posting period..13 questions Closing Operations in Financial Accounting . Correspondence. Don't memorize. 2Q on Substitution & Validation Transactions..Code.6 SAP Overview . NO questions on TAX.. {You will be getting 99% from the syllabus} You have to cover all the chapters. Dunning Program.No of questions Asset Accounting . Document Parking.. You will be getting chapter wise questions like AA. Take the certification date only once you finish one round of study of all books. Document and Posting Control . 1Q on Cross Co.15 questions and remaining will be True/False} A statement will be given. Interest 3 questions on payment program Calculation .5 2 Questions related to MM.

C. the first order information which must be entered is: A. Transfer posting Incoming Down Credit payment payment request memo Question: When creating an Overhead Cost Order. vendor accounts and customer accounts C More than one company code can be allocated to the same chart of accounts D The chart of accounts controls all the customising settings in the R/3 system E All accounts within a chart of accounts must have the same tax code Question: What status reports does Cash Management and forecasting include? A. C. B. Cost center Orders . Which settlement receivers are available for internal orders? A. B.6 The New General Ledger -5 1 on Basics. B. Bill holdings management position forecast limit report balances Liquidity G/L account Question: Which of the following are clearing procedures in accounts receivable? A. C. 2 on document split. E.Validation & Substitution . E. 1 on reports I think this information will be helpful for all of YOU. Classification code Order Order Settlement status type type Curreny Question: When creating an Overhead Cost Order. D. D. *-. Credit D. Cash B. the settlement rule must be entered in the control data.Venkat Which of the following statements are correct? A More than one chart of accounts can be created for each client B The chart of accounts contains all the G/L accounts.

A Sender/Receiver relationship exists. you should not activate the line item display for the following accounts (Note: we can have more than one correct sentence. not all Sender/Receiver combinations are allowed. even if the account hasnÂ't a . C. An order was closed. Which of the following are MINIMUM criteria before it makes sense to carry out period closing? A. Please select the sentences you think they are correct): a) b) c) d) e) [ ] Tax. 2. Stock. you should only use it if there is no other way of looking at the line items. Cost Sender. actual data and the information system. period have costs has have been has been been been closed. General D. Cost Order. incurred.C. withdrawn.2. B. B. This is dependent on certain prerequisites. 2. E. Supplier G/L Work Cost Activity account center center type Question: Withing Overhead Cost Controlling activities are calculated. However. incurred. Project. Vendor ledger accounts Asset Question: In Controlling. E. Order. You can activate or deactivate open item management everytime. Project Project Order Project Center Sender. Personnel D. Materials C. Center. Accounts with open item management must have line item display activated. Cost Center. Cost Cost Center. Receiver. So. Receiver.1. The posting B. Order. Reconciliation. [ [ [ [ ] ] ] ] Material P+L Statement. Cost Object Question: Period closing activities are also performed in Controlling. Receiver. Revenue. a distinction is made between master data. planning. Which of the following master data belongs to Controlling? A. Consider the following statements: 2. 1. D. Overhead E. Which of the following combinations make business sense? A. Center. Since the line item display takes up additional system resources. C Sender.

1. The "Only Balances in Local Currency" indicator must not be set in reconciliation accounts for customers or vendors.1. 2.3. a) [ ] True. The "Only Balances in Local Currency" indicator is usually set in balance sheet accounts that are not managed inforeign currencies and not managed on an open item basis. 2. e) [ ] Because you must enter the group account number in the chart of acounts segment of the operational account. Accounts with a foreign currency as an account currency can be posted to any currency. c) [ ] Because the company codes use different operational chart of accounts. a group chart of accounts for internal purposes. 3. 3. You can select both local and foreign currencies as account currency. b) [ ] 2.4.2. b) [ ] False. 3. Which of the above statements are true (Note: we can have more than one correct sentence.2.5. b) [ ] Because accounts with the account currency as local currency can only be posted to this local currency.5. e) [ ] 2. d) [ ] 2. 3.zero balance. you cannot carry out cross-company code controlling. 4. The usage of a financial statement version for the group chart of accounts is optional. b) [ ] False.1. d) [ ] Because the group chart of accounts must be assigned to each operational chart of accounts.5.4. Consider the following statements: 5.4. b) [ ] False. 5. When using the Â"Only Balances in Local CurrencyÂ" indicator in the master data record. 5.3. What is the disadvantage of using the group chart of accounts sentence)? (Please choose the correct a) [ ] Because changes to existing G/L Accounts are effective as soon as they have been saved and could have extensive consequences. a) [ ] True. c) [ ] 2. You can use a) [ ] True.3. b) [ ] False. 2. a) [ ] True. transaction figures are only managed for amounts translated into local currency. You cannot use the country chart of accounts if you desire to use the cross-company code controlling. 3. a) [ ] True. The disadvantage of using country chart of accounts is the accounting clerks who may be familiar with the country chart of accounts first have to get used to using the operational chart of .2. Please select the sentences you think they are correct)? a) [ ] 2. True or false? 3. b) [ ] False. If the account is the local currency. the account can only be posted to this currency.

Area. Currency. Area. Management. The account group is used to control the fields displayed in the master record. 5. 6. 10. 5.2 all and and and of 5. What is the segment that makes complete both customer and vendor accounts (Please choose the correct sentence)? a) [ b) [ c) [ d) [ e) [ ] Purchasing Organization. 7. Please select the sentences you think they are correct)? a) [ b) [ c) [ d) [ e) [ ] Purchasing Organization. An one-time account is a special customer/vendor master record which a company rarely do business. Please select the sentences you think they are correct)? a) [ b) [ c) [ d) [ e) [ ] Purchasing Organization. 10. Code. Area. What characteristics are configured as standard for every customer/vendor account (Note: we can have more than one correct sentence. 8. 5. Code. Number ranges for customer/vendor accounts can overlap. Reconciliation accounts are updated on a daily basis.2. ] ] ] ] Company Controlling Sales Client. If you enter an alternative payer.2.1 5.1.1 5.4. Which are the segments of the MM view of the customer account master data (Note: we can have more than onecorrect sentence. the amount to clear the open items due in the account is . Consider the following statements: Line ] ] Open Item Purchasing Item Company Display.3.accounts. Area. them. Code. 10. Which are the segments of the SD view of the customer account master data (Note: we can have more than onecorrect sentence. 10. ] ] ] ] 5. Area. Please select the sentences you think they are correct)? a) [ ] b) [ c) [ d) [ ] e) [ ] 10. 9. Code. ] ] ] ] Company Controlling Sales Client. ] ] ] ] Company Controlling Sales Client. Organization.3.3. Area.3. Which of them are false (Please choose the correct sentence)? a) [ b) [ c) [ d) [ e) [ ] none of them.

correct.5. 11.3 and and and and 12.1. d) [ ] 12.4. Number ranges for document numbers and account types defined for postings are defined by the document types.3. One number range can only be assigned to one account group. Banks that are used by your company are defined as house banks.5. You cannot create bank master data when entering bank information in the customer or vendor master record.a) [ ] True. True or false? 11. 13. and G/L Account are the same master data object. 12. Please select the sentences you think they are correct)? a) b) c) d) e) [ ] 10. c) [ ] 12.1.3.5 12.4. correct. payer. Consider the following statements: 12.4 are are are are correct. 11.4 12.5 are correct. Bank Account a) [ ] True. 12. a) [ ] True. Choose the correct option: a) [ ] 12. The system can assign the document numbers or the user can assign the number during document entry. b) [ ] False.5. 12.1. 10.1. 10.5 12. e) [ ] 12. b) [ ] False. 12. b) [ ] False.4 12.2. For every bank that is used in the system (for example.2. Document types are defined at company code level. a) [ ] True.2 and 12. What do the posting keys specify (Note: we can have more than one correct sentence. 11. Document types also define whether invoices are posted with the net procedure. as a house bank or as a customer/vendor bank) you have to create a bank master record. 11. 12. b) [ ] False. correct. [ [ [ [ ] ] ] ] 10. A business transaction creates only one document. Customers that use the lockbox function can create a batch input session that automatically updates customerbanking information in the master record.1.1.4. 12.4 12. a) [ ] True. Please select the sentences you think they are correct)? .5.1. b) [ ] False.5 12. b) [ ] 12.paid by the alternative 10.3. 10. 12. 11.3.2. Which of the above statements are true (Note: we can have more than one correct sentence.

correct.2.4 14.4. What are the prerequisites to enable negative postings (Note: we can have more than one correct sentence. [ [ [ [ ] ] ] ] Fiscal Reference Text Header Year. by the posting of a customer invoice.4 are are are are correct. The posting period is already 16. ] Whether the posting is sales-relevant and the sales figure of the account is to be updated by transaction.3.5. 14.2 and 14.4 14.5 14. What fields of a FI Document Header section can be changed after a document has already been posted (Note: we can have more than one correct sentence.a) b) [ the c) d) e) [ [ ] Whether the line item is connected to a payment transaction or not. 17. 14. 16. The maximum amounts are defined per company code in "tolerance groups".5 14.2. The line item is either a debit in a customer account or a credit in a vendor account.1.2. b) [ ] 14. a) b) c) d) e) [ ] 16.3. 14. Please select the sentences you think they are correct)? a) b) c) d) e) [ ] Posting date.1. ] Whether the accounts are allowed for posting. A company code must be assigned to a posting period variant to have the control for posting periods. e) [ ] 14. 14. Choose the correct option: a) [ ] 14. text.2. Number. The document is not a credit memo from a down 16. 16. 15. correct.5 14.5. 16.4 14.5 are correct.1.4. cleared. 16. payment. 14. 14. correct.1. Please select the sentences you think they are correct)? 16. The line item is not yet 16. The document is a credit memo for an 16. It is not possible to assign tolerance groups to user logon ID's. what conditions below are applicable (Note: we can have more than one correct sentence.3.5. d) [ ] 14. Please select the sentences you think they are correct)? . c) [ ] 14.'+' symbol represents all account types in the posting period customizing screen. 16. invoice. [ ] Whether the line items contain "credit" or "debit" values. fields. [ [ [ [ ] ] ] ] closed.3. [ ] Whether the line items are valid for a business transaction.4. About the change control.1.2 and and and and 14. Consider the following statements: 14. The account interval in the posting period customizing screen can be both G/L and subledger accounts. for example. 14.1.

19. 19.2. Inserting a Â"VÂ" in the invoice reference field during document entry means the terms of payment are activated in the non-invoice-related credit memos. 20. B. What is the purpose of the terms of payment (Please choose the correct sentence)? a) [ ] Calculate a cash discount and b) [ ] Calculate the c) [ ] Enable the cross-company d) [ ] Define the e) [ ] Calculate only the required conditions for SD invoices. a) [ ] True. a) [ ] True. to prevent any done change in the term of payment. 20.1. C. d) [ ] You have to use cleared items. 19. 19.2. a) [ ] True. b) [ ] False. Consider the following statements: 19. transactions. at least you define it in the terms of payment.3. c) [ ] You have to define the document type that explicitly allows negative postings.4. e) [ ] You have to reset cleared items. True or false? 20.1. 20.5.a) [ ] You have to define reversal reasons for negative reversal. b) [ ] You have to ensure company code permits negative postings. A. D. 19. A tax calculation procedure is assigned to every company code for carrying out tax calculations.3. b) [ ] False.3.4. you have to flag the "Post Automatically Only" field of the account master record. 18. 20. a) [ ] True. E.5. E. Terms of payments are copied from invoice to credit memos when they are linked to. If you desire to post manual tax postings. additional taxes and withholding tax as tax systems for different countries. b) [ ] False. The system cannot define the splitment of an installment payment.A jurisdiction code is a combination of the codes of tax authorities that tax movements of goods and use their own tax rates.4. 19. 19.2. Only national level of taxation is allowed in the R/3 system. b) [ ] False. a) [ ] True.5.1. Answers: 1. The day limits define the dates of the cash discount periods. C. amounts. invoice tax code baseline due date. US sales tax. date. Which of the statements above is false (Please choose the correct sentence)? a) b) c) d) e) [ ] 19. 19. [ [ [ [ ] ] ] ] 19. 20. 2. SAP supports tax on sales and purchases. . b) [ ] False. The account type field in terms of payment basic data screen should be defined separately.

you can carry out cross-company code controlling. NOTE: A number range can be assigned to several account groups.4. The day limits are used to store several versions of terms of payment under the same terms of payment key. E. False. 3. True or false: 20. False. D. True. 11. If the account currency is the local currency. 11. B. B. D.5. A. You must use a financial statement version for the group chart of accounts. B. False. Item "d" and "e" are some actions to be done for using group chart of accounts. A.5. False. 3. A. True.2. they are updated realtime. C. 18. 11.3. C. Item "a" is related to Collective Processing for G. they are not the disadvantage. 3. C. 9. since all company codes use the same operational chart of accounts for postings. 4. 12. True. 10. A. 17. In fact. 6. True. 3. E. E. so.1. 11. True. 14.2.2. 13. A. About Reconciliation accounts.1. D. True. D. 16.4. 7. Two types of taxation can be represented in the R/3 system: taxation at national level . Each bank account is reflected in the SAP System by a combination of house bank ID and account ID. B. A. 19. 15. True or false: 3. Accounts with a foreign currency as an account currency can only be posted to in this foreign currency. True.L Accounts Master Data. A. 20. B. This combination is entered in a G/L account that represents the bank accounting the general ledger. B. In fact. 20. B. the account can be posted to in any currency.3. False. C. E.3. 11. 5.1. Item "b" is not true for the R/3 system concept. we can create bank master data when entering bank information in the customer or vendor master record. C. D. True or false? 11. 8.

3.but you have to run the price revaluation if you want to revaluate your actual activity prices. Then you've to plan the value of that cost center which you budget for a period in kp06. You can also define your own prices. key figure what is the significance of sender & receiver cost elements & cost centers? >> Stat key fig are not real account assignments. 20. Create using KK01 & PLAN the parameters of SKF in KP46 1. Kindly give me T Codes Also.. These values can be used for assessing common costs which are used by all the other cost centers.5.and taxation at regional/jurisdiction level. 1. it was a question asked in an interview. no manual tax postings are allowed. 2. But how does it work when doing a mvt type? 4. In simple traditionl terms it is the base to allocate or define praportions with which the cost is allocated. Planned Activity expenditure / Planned Actvty qty gives yoa planned act rate which you can use to valuate your activity confirmations in mfg ordrs. >> You create & plan SKF. How SKF works . You plan the output for a cost center first in kp26. 20. What does it mean? 3. A tax calculation procedure is assigned to every country for carrying out tax calculations. Does any one know what is Software life cycle. 2. what is value & quantity string I know it updates values and quantities in GL with mix of valuvation class. In FI when doing Special GL transaction what determines the fields statues of the screen and why do we have so many screens followed by it. True 20. Is it determined by Posting Keys? is it to determine Account type for which we are using the Special GL and debit and credit? Q: Software Life Cycle. transaction key modifier and GL A/c. . SKFs are used to calculate the debit on a receiver object. False. For stat. In movement type(MM). False.3.4. In GL master we have a option "Balance in local currency" and "Account currency". If you have selected this field. Where to assign activity type in cost centers? OR how to link cost centers & activity types? >> There is no direct assignment.

value string and transaction event key etc.( like it is assets. Q. If not. 3. Realisation. Q: In GL master we have a option "Balance in local currency" and "Account currency". transaction key modifier and GL A/c. a) [ ] True. like Movement indicator. and it will identify the consumption. or consumption or sales order) and it will identify the value string ( it is must to assigned to movement type.What does it mean? Ans: Account currency is that the GL account in which currency do you want to maintain. if you decided that you want maintain in company code currency. you can post any currency in that account. we are giving a direction to the system to update the data. consumption. you want to maintain separate currency for that GL then exchange rate difference will come because the conversion rate.. In movement type(MM). in such case you can assign this indicator to show the balance in local currency. b) [ ] False.. through allocation of value string to movement type. purchase order. You would have seen some more fields also. Project Preparation. it will identify the MI(movement indicator . the system does not know which GL has to be updated with what.some GL account can't be maintain on open item basis and can't in foreign currency like clearing account and discount account etc. Final preparation and Go-live support. with MT. What you said is correct.used to define whether it is goods movement for production order. what is value & quantity string I know it updates values and quantities in GL with mix of valuvation class.five phases like. Display. Blue print. system will automatically identify the GL ) and it will post the entry (dr/cr)in the GL based on the transaction and event key figure which is used to determine the debit and credit entry of a GL 4. the system will take the Movement type as a base. The "Only Balances in Local Currency" indicator must not be set in reconciliation accounts for customers or vendors. Required. Balance in local currency . So that it is followed by so many screens and it is determined by posting key. While creating a PO. .1. In Field Status Group there are options like Suppress. optional.Ans: it is nothing but Road Map . Its both debit (or) (Both) credit. here. delivery note etc). But how does it work when doing a mvt type? Ans: Basically. the system will update the value and qty in the material master.

Application server 3. Fiscal year can be both year dependent and year independent. 10. Presentation server only. 6. 3.3. The usage of a financial statement version for the group chart of accounts is optional. 3.2. The "Only Balances in Local Currency" indicator is usually set in balance sheet accounts that are not managed inforeign currencies and not managed on an open item basis.4. b) [ ] False. The disadvantage of using country chart of accounts is the accounting clerks who may be familiar with the country chart of accounts first have to get used to using the operational chart of accounts. 1. 5. The length of G/L account number should be mentioned in Chart of accounts. . 4. 3. b) [ ] False.3. 3. You can use a) [ ] True. 2. 5. Reconciliation accounts are updated on a daily basis. a) [ ] True. 5. 14. Ans: True 9. R/3 system contains Ans: 1. system will calculate due date of the invoice and cash discount. Ans: True 8. The G/L account becomes a complete G/L account if we have added the company code segment to chart of account segment.1. a) [ ] True. All reconciliation accounts and all general ledger accounts with open item transactions in foreign currency must be assigned to the revenue/expense accounts for realized losses and gains. Creation of duplicate accounts in A/P can be prevented by using the match code before creating the new account & switching on automatic duplication check.5. They control the automatic posting of cash discount adjustments and unauthorized deductions. 7. You cannot use the country chart of accounts if you desire to use the cross-company code controlling. Maximum number of sessions a user can open when he logs on to SAP? Ans: six 13. SAP business object consists of attributes and methods 12. b) [ ] False. Data base server 2. a group chart of accounts for internal purposes. Fiscal year which is a calendar year can have 12 normal periods. The appearance of the company code segment of a G/L account is based on account group entered in the chart of account segment. Accounts with a foreign currency as an account currency can be posted to any currency. The specifications for permitted payment differences can be found in both types of tolerance groups. and cash discount percentage rate in payment terms. cash discount periods. a) [ ] True.3. By mentioning the base line date. b) [ ] False.2. If we are using the same chart of account in more than one company code the account name and account number is the same in all company codes. All data and programs are contained in Application server & Database server 11. 5.

True 21. 16.15. Which of the following Organizational units are mandatory in an ERP system with FI? (More than one answer is correct) A.True 20.True c. legal regulations.False 25. you have to define these units in order to be able to implement the Financial Accounting component. 17. Defining organizational units for Financial Accounting is obligatory. Client Business Area Company code Company Answer: A.True 26. The G/L account for a bank is linked to one house bank plus one account id 27. C You create your company-specific organizational structure in the SAP System by defining the organizational units and making the basic settings.True 23. Retained earnings account is specific to chart of accounts. Company can use both direct and indirect exchange rates . they fulfil requirements that your business is subject to from external parties. Business areas are used for reporting across company codes . Postings in a company code are done in G/L account of operative chart of accounts. Company code can have more than one retained earnings account . the g/l account house bank name shall be the same as in the bank directory . Organizational unit Definition . Shortened fiscal year can have should have less than 12 periods. the g/l account house bank name is modifiable at the company code segment of the chart of accounts . the g/l account house bank name is defined at the chart of account level . that is. Your house bank number cannot be set to be defaulted from house bank key .True d.False b. B.TrueChart of accounts can have more than one retained earnings account . The organizational units of Financial Accounting are used for external reporting purposes. the g/l account house bank name is user-definable . 18.True 24. Which of the following are correct with respect to your G/L account house bank name a.True e. D. the g/l account house bank name need not be the same as the bank’s name in the bank directory . One bank account is mapped in SAP to Account id & House bank Q1. account group controls the master record field status . C. 19. for example. that is. Posting in a G/L account is controlled by field status group in the company code segment 22. Company code can have one local currency only.

You have to assign an operating chart of accounts to a company code. Operating chart of accounts B. there are certain Basic settings that are mandatory as well. Financial Accounting and Controlling both use this chart of accounts. Country-specific chart of accounts D. Some of these are: A. Group chart of accounts C. Plant specific chart of accounts Answer: A. . The assigning of an corporate group chart of accounts to a company code is optional.Client Company Company code Business area Obligatory Optional Obligatory Optional Apart from this. This allows the company to provide reports for the entire corporate group. You can configure different types of Chart of Accounts in the ERP system. • Group chart of accounts The group chart of accounts contains the G/L accounts that are used by the entire corporate group. These are: Chart of accounts Fiscal year Currencies Q2. B. C Charts of accounts can have three different functions in the system: • Operating chart of accounts The operating chart of accounts contains the G/L accounts that you use for posting in your company code during daily activities.

The company code. Cost accounting is carried out in multiple company codes in one controlling area. Company Codes and Business areas have an n:m relationship . the external and internal accounting perspectives differ from each other. • Multiple Company Codes Assigned to One Controlling Area This example is Cross-Company Code Cost Accounting. The assigning of an country-specific chart of accounts to a company code is optional. C. Cross-company code cost accounting gives you the advantage of using internal allocations across company code boundaries. Using these combinations you can represent organizations with different structures. In this case.• Country-specific chart of accounts The country-specific chart of accounts contains the G/L accounts needed to meet the country's legal requirements. Q3. One business area can be assigned to multiple company codes D. One Company Code can be assigned to multiple Controlling areas B. Which of the following are valid combinations? A. One company code can be assigned to multiple business areas Answer: B. One Controlling area can be assigned to multiple company codes C. This allows you to provide statements for the country's legal requirements. this method can be used if the organization contains a number of independent subsidiaries using global managerial accounting. business area and controlling area organizational units can be combined in a number of ways. For example. the financial accounting and cost accounting views of the organization are identical. D • One Controlling Area is Assigned to One Company Code In this example. All cost-accounting relevant data is collected in one controlling area and can be used for allocations and evaluations.

activity allocation. Representation of intercompany processes. such as assessments. Answer: A. . production in an associate plant. You need to assign more than one company code to one controlling area. Use of Profit Center Accounting and transfer prices. Multilevel Product Cost Management across company codes C.Q4. Cross-company code transactions that MUST be processed in a controlling area B. • • Representation of group costing. capitalization of internal activity in Asset Accounting. B A 1:n relationship between controlling area and company code is recommended for the following situations: • Cross-company code transactions that MUST be processed in a controlling area. whereby producing and delivering plant are the same. • Cross-company code CO postings that can be displayed in the reconciliation ledger. special cases of intercompany processing. for example. Under what kind of a business scenario would you need to consider such a decision? A.

such as investment tax in Norway. Tax on sales & purchases B. paying the balance to the tax authorities. posting. . Additional Tax Answer: A. as well as for tax reporting? A. This applies to input and output tax. or sales equalization tax in Belgium. They are usually country-specific. and correcting tax. Output tax is calculated using the net price of products and is charged to the customer. Additional tax Additional taxes are taxes that are posted in addition to tax on sales/purchases. B. Withholding Tax C. Which of the following tax types does the SAP System support for calculating. for example. you assign more than one controlling area to an operating concern • Representation of intercompany processes. whereby producing and delivering plant are the same. D The following Tax types are supported in a standard SAP system: Tax on sales and purchases Taxes on sales and purchases are levied on every sales transaction in accordance with the principles of VAT. Top Up Tax D. Q5.• Multilevel Product Cost Management across company codes A 1:1 relationship between controlling area and company code is recommended for the following situations: • Consolidated analysis of settled transactions across company codes in Profitability Analysis (CO-PA) In this situation. Input tax is calculated using the net invoice amount and is charged by the vendor. Tax authorities can set a nondeductible portion for input tax which cannot then be claimed from the tax authorities. Companies can offset input tax against output tax.

B. Procurement transactions for individual consumption. you should choose extended withholding tax. you can specify this in their master records by entering the appropriate indicator. also fulfills a number of further country-specific requirements. in addition. goods that are intended for production or for resale to a third party are procured untaxed. Sales transactions that are taxed must be kept strictly separate from sales transactions that are not taxed. that is. If customers or vendors are exempt from taxation. Depending on your system’s configuration. The vendor must pay the taxes to the tax authorities. SAP currently provides two functions for calculating withholding tax: Classic withholding tax and extended withholding tax.Sales tax An example of sales tax is the sales and use tax that exists in the USA. In general. a portion of the invoice amount must be withheld for certain vendors and paid or reported directly to the tax authorities. Posting a Vendor Payment Answer: A. The system calculates sales tax based on material and customer location and posts it in Sales and Distribution (SD) and Materials Management (MM). Withholding tax In some countries. are taxable (use tax). C The following line items are generated for each of the above business transactions: Entering a customer or vendor invoice . the system can generate and post line items automatically. Q6. on the other hand. For which business transactions can this be done? A. Entering Special G/L transactions C. Extended withholding tax includes all the features of classic withholding tax and. the vendor does not calculate tax on the sale of these goods (sales tax). The principle of sales tax does not permit the option of offsetting input tax against output tax. If you wish to implement the withholding tax functions. Entering a customer invoice B.

Which of the following purposes are achieved by using document types? . It is entered in the document header and applies to the whole document. False Answer: A If you are permitted to make additional account assignments to the automatically generated line items. To enable this. Q8. True B.• Tax on sales/purchases (output tax when posting a customer invoice. A. input tax when posting a vendor invoice) • Payables and receivables between company codes (when posting cross-company code transactions) Posting a customer or vendor payment and clearing open items • Cash discount (paid and received when posting payments) • Backdated tax calculation for tax on sales/purchases (after cash discount deduction) • Gains and losses from exchange rate differences (between invoice and payment) • Unauthorized deduction of cash discount (when a payment is slightly different to the amount due) • Residual items • Bank charges Entering special G/L transactions • Bill of exchange charges • Tax adjustment for a down payment Q7. you need to make sure that the G/L account is marked as adjustable and that the appropriate field is defined as optional or required in the field status group. you can add text to a tax on sales/purchases line item. You can add details to any automatically generated line item. For example. The document type is a key that is used to classify accounting documents. the system branches directly to the document overview. the automatically generated items are highlighted. Here.

. Differentiating between business transactions Answer: A. or G/L accounts). for example. Posting to account types C. Assigning document numbers B. D The following purposes are served by using 'Document Types: • Differentiating between business transactions. the document type controls document storage. The original documents from one number range should be stored together.A. The document type determines which account types that particular document can be posted to. Clearing line items D. In this way. when displaying line items for an account. • Assigning document numbers. see Document Number Assignment and Controlling Document Storage Using the Document Type • Applying the vendor net procedure. This is useful. customer. A number range is assigned to every document type. B. The document type tells you instantly what sort of business transaction is in question. The numbers for the documents you create are taken from this number range. For more information. This means that any discount and the net amount are calculated (and posted) when the vendor invoice is posted. • Controlling the posting to account types (vendor.

C A document can only be reversed if: ● It contains no cleared items ● It contains only customer. Answer: A.Q9. . (Negative Postings) You generally post the reversal document in the same posting period as the corresponding original document. A document can be reversed if it has no cleared items B. Documents from SD can be reversed with a credit memo. ● After a document has been reversed. Documents from MM must be reversed with functions in that component because the reversal function in FI does not reverse all the values required. Information on clearing is available in FI General Ledger Accounting as well as FI Accounts Receivable and Accounts Payable. you can reverse it. and tax code) are still valid If a line item from a source document has been cleared. and G/L account items ● It was posted with Financial Accounting ● All entered values (such as business area. Documents in MM can be reversed with a credit memo C. the balance of the account affected is shown as if the document had never been posted. you have to enter a date that falls in an open posting period (for example. If the posting period of the source document has already been closed. There are two ways of updating transaction figures when reversing a document: ● The document and the reverse document increase the account transaction debit and credit figures by the same amount. the current one) in the Posting date field. thereby also clearing the open items. cost center. With reference to 'document reversal'. vendor. a reversal can only be carried out after the clearing is reset. If you have entered an incorrect document. you have to enter a date that falls in an open posting period (for example. If the posting period of the source document has already been closed. the current one) in the Posting date field. which of the following are true? A.

The worklist monitor presents information such as which objects were processed without errors and which objects could not be processed. Account and Amount never change in recurring entries . Exception area Answer: A. C The following are the key components of schedule manager: Flow definition In a flow definition. You can therefore schedule a flow definition as a task in the scheduler. Which of the following are components of the Schedule Manager? A. Monitor D. Which of the following are False with reference to 'recurring entries'? A. the system only processes the objects which had errors or which you manually instructed the system to reprocess. or monthly) in the SAP System. B. weekly. You can display information on the cause of errors. Posting Key. Q11. and thus control the way in which the object is processed further. You can use drag-and-drop in a daily overview to enable the system to execute the tasks at a certain time. This process is supported by the individual components of the Schedule Manager. Flow definition B. The worklist ensures that when a processing step sequence is processed again. Worklist Objects that are to be processed in a processing step sequence are managed in the worklist. A number of periodic tasks are executed on a regular basis (daily. you can schedule tasks in a structure tree. Monitor The monitor gives you an overview of the scheduled tasks during and after processing.Q10. You can correct faulty objects in a worklist. You would like to use recurring entries for periodic transaction. you can link tasks to each other if they are related or if you wish to use a worklist in them. Scheduler In the scheduler. Scheduler C.

enter a run schedule in the recurring entry original document. Postings can be made periodically or on a specific date C. Dunning areas Answer: C The dunning configuration consists of configuring the following: . specify the first and last day of execution. In the recurring entry document. Dunning Items C. you define when a posting is to be created with this document. Postings can be made periodically or on a specific date: • For periodic postings. Store the required dates in the Implementation Guide (IMG). You are responsible for 'dunning' configuration. The following data never changes in recurring entries: • Posting key • Account • Amounts You enter this recurring data in a recurring entry original document. The recurring entry program uses it as a basis for creating accounting documents. Recurring documents do Not require a separate number range. It is not an accounting document and therefore does not affect the account balance. such as rent or insurance. You have two options for scheduling. This document does not update the transaction figures. Structure The system uses the recurring entry original document that you enter as a reference. Dunning Codes B.B. • If you want to specify certain dates. Answer: C Recurring entries are business transactions that are repeated regularly. The system takes numbers for the recurring entry original document from this number range. Q12. Choose Define Run Recurring Entries  Document Financial Accounting Global Settings Schedules/Enter Run Dates. To post recurring entry documents. as well as the interval in months. Which of the following are part of configuring the dunning functionality? A. you have to set up a separate number range for the company codes that use them. You have to use key X1 for the number range.

You can determine more than one dunning level per dunning procedure. • Dunning areas A dunning area is an organizational unit within a company code used for the dunning process.• Dunning procedure The dunning procedure controls how dunning is carried out by the system. You can define as many dunning procedures as you like. . • Dunning level The dunning levels are calculated based on the number of days open items are in arrears. You can dun items separately by dunning area. A dunning area can be a division or a sales organization. You can also have the system calculate the dunning levels based on the dunning amount or a percentage paid (sales-related dunning level determination). You assign a dunning area to an open item when you are posting.

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