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ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 14

1. Benefits of integration are a. processes can be done concurrently, rather than consecutively. This reduces process time b. data moves through internet platform and access becomes faster c. eliminates duplicate entries d. single entry accounting becomes easier 2. R/3 a. b. c. is called so because it requires three servers it integrates three basic modules, vi ., !", logistics and #R it has three tier architecture representing database, application and front end presentation d. it has three tier architecture representing $%", B&'" and R(!

3. application modules supported by R/3 include a. !", (), TR, *+,,,, '', ',,-,,#R,'*,.!,"* b. !",(),TR,*+,,,,'',',,-,,#R,'*,.!,"*,/( c. !",(),TR,*+,,,,'',',,-,,#R,'*,.!,"*,/(,(('(,(''& d. !",(),TR,*+,,,,'',',,-,,#R 0. "n standard business process of a manufacturing organi ation a sales order 1ould trigger in another application a. ,'* b. ,R' c. 'urchase requisition d. $oods delivery 2. ,ain components of !" are a. $3,&R,&&,3(,TR b. $3,&R,&',&&,TR c. $3,&R,&',&&,3(,TR,(, d. $3,&R,&',&&,3(,TR,T, 4. ,ain components of () are a. ()),,()'(,()'&,/('(&,()T, b. ()),,()'(,()'&,/('(&,()((& c. ()),,()'(,()'& d. ()),,()'(,()'&,/('(& 5. The sequence of business processes 6related to ra1 material for production7 in ,, can be described are a. 'R8,R'8$R,"9:)"(/ b. 'R8')8$R8"9:)"(/ :/R"!"(&T")9 c. 'R8')8$R8"9:)"(/ :/R"!"(&T")98:/9+)R '&;,/9T d. 'R8')8$R8"9:)"(/ :/R"!"(&T")98R/(/"'T )! +"*()%9T !R), :/9+)R <. "t is a must to create group company before any transaction processing a. completely true b. partially true c. completely false d. partially false =. it is a must to create company code before any transaction processing a. completely true

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session managers 2 . completely false d. completely false d. partially true c. completely true b. partially true c. completely false d. completely true b. completely true b. partially true c. completely true b. completely false d. completely true b. company code parameters c. partially true c. operating concern can encompass several controlling areas a. partially true c. many company codes can be assigned to one controlling area a. completely true b. client is the highest level organi ation a. completely false d. user profile b. partially false 13. completely false d. partially false 12. completely false d. completely false d. partially true c. partially true c. master data is created 1ith the help of ". partially false 1>. credit control area is a concept in () a. partially false 12.$ a.ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 14 b. transaction data is core information that is shared across applications a. partially false 15. the user specific defaults are possible if setting is done in a. partially false 1<. completely false d. business area is a legal entity for 1hich you need a balance sheet a. partially false 14. completely true b. partially true c. partially false 11. completely true b. partially true c. many company codes can be attached to one plant a. partially false 10.

credit control area is used a.$ d. completely false d. group company details d. data can be distributed and easy to process b. to determine 1hich fields should be suppressed. required or optional 1hile creating master in company code area c. master data of ledger account from operating chart of account c. independently by *+ to monitor customer credit 23. transaction menu of information system b. to coy repetitive field values in master creation d. independently by !" to monitor customer credit d. master creation of reports c.ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 14 d. only one chart of account d. :ariant creation helps in a. *tandard report functionality 2>. by !"/&' to prove credit 1orthiness to vendors c. the same chart of account can be assigned to several company codes c. ". required or optional 1hile processing transactions and master both d. partially true c. the company specific features can be maintained in company code areas 3 . to determine 1hich fields should be suppressed. required or optional 1hile processing transaction b. processing repetitive transactions c. association bet1een numbers from group chart of account and/or country/alternate chart of account can be established in a. three chart of accounts b. in grouping the accounts 1ith specific logic and assign specific number interval 24. t1o charts of accounts c. there are t1o areas8chart of account and company code8in 1hich $/3 account master has to b e created because a. to determine 1hich fields should be suppressed. credit control area may consist of one or more company codes a. terminal 1=. calculating variance bet1een actual and standard b. account groups 1hich are assigned in account master creation helps a. to be a standardi ed selection criteria for repetitive use required to run program 21. country details 22. a chart of account called as operating chart of account 20. partially false 22. by the *+ and &R components to provide integrated credit management b. completely true b. customi ed report trees are created through a. a company code can be assigned 1ith a. company code global parameters b.

c. *ystem document d. primary cost element is related to a. $/3 account code in one to one relationship b. header and line items d. document has the follo1ing sections a. "nternal order 2=. application of overhead to them c. true b. open item and line items c. document type allo1s more than one account types 1hile processing the particular document type 4 . costing of product 31. completely true b. b. 1hich are used by the company code in 1hich they are created b. material document b. 1hich triggers document in '' 30. creation of $/3 can be done in t1o stages 25. system generates at least 0 documents 3 documents 2 documents 1 document 32. *+ document c. *everal secondary cost elements to group them d. 1hich are nationali ed 2<. d.ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 14 d. 'urchase order creation is an e@ample of transaction a. evaluation of costs 1hich cannot be itemi ed in detail cost element or cost center accounting d. title and details b. transactions 1hich have a financial impact generate along 1ith other documents a. &ccounting document 33. house ban?s are ban?s a. settlement to cost center b. 1hich also triggers accounting document b. 1hich creates document in *+ d. $/3 account code in one to many relationship c. for a. every transaction. statistical order permits a. partially true c. coding bloc? and line items 32. completely false d. document type is assigned in the line item section of document a. 1hich are used by customers/vendors c. "t is a must to assign a standard hierarchy in cost center master a. 1hich does not create any accounting document c. partially false 3>. located in the same building 1here company is located d. false 34.

account group and field status of the transaction d. vendor. document line item 3<.. fiscal year variant d. global parameters of company code 02. document type. document header d.. 9umber range can be defined as a. account groups to 1hich account numbers belong b.*. 14 regular periods d.'. account group 1hich can be assigned to the account code b. debit/credit.B..+. tolerance level of the accounts involved d.T d.+. 1hich account8$/3. both e@ternally and internally at the same time 0>.* c.. posting period variant b. &.A. 14 special periods 00 account type essentially controls a.. true b.*.*.* b. posting ?eys determine a. number range id is assigned in a.A.3 3=. account type and field status of the transaction 01. account type. false 35. material..+.+.A. or asset can be used in a line item of transaction posting c. only internally system generated b. &. customer. account type b..ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 14 a. any number of posting periods c.. document type 1hich can be used 5 . only e@ternally assigned by user c. either e@ternally or internally d. debit/credit. field status variant c. true b. follo1ing are the account types a. the relationship bet1een calendar months and posting period is defined in the properties of a. false 03 fiscal year can have a. &. document type c. account type and field status of the transaction c. &.A. ma@imum 12 regular posting periods and 0 special periods b. only one company code can be attached to a posting period variant a.

company code segment of master data c. transaction b. none of the above 0= follo1ing and the !" functionality offered for speedy posting a. none of the above 2>terms of payment can be assigned to a. payment term d.ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 14 02 account group in the conte@t of $/3 account determines status of fields in a. $/3 fast entry screens b. credit management settings c. b. Transaction processing for customer/vendor d. hard currency 6 . only recurring entries d. none of the above 22 due date and cash discounts are dependent on a. negative posting indicator needs to be chec?ed only in document type only in company code global parameters and reason code properties only in document type. negative posting. only $/3 fast entry screens c. changed b. company code global parameters and reason code parameters d. unchanged c. document type d. none of the above 0< for a. double d. none of the above 04 field status variant and posting ?ey both determine field status in a. 9one of the above 21 Base line date is a. from 1hich due date is calculated depending on the settings in payment terms c. settings in company code b. transaction currency b. chart of account segment of master data b. a date on 1hich payment becomes due b. (ustomer or vendor master c. none of the above 05 negative postings cause transaction figures of the account a. payment method 23 currency assigned in company code master is a. group currency c. account assignment models. posting 1ith reference. recurring entries. a base date after 1hich discount lapses d. c. company code segment of master data d. chart of account segment of master data c. $/3 master b.

none of the above 25 opening and closing of posting period is done a. none of the above 22 par?ing of document is a functionality a.. customi ation related to opening and closing of posting period c. none of the above 2< updating of reconciliation account a. definition of posting period variant d. none of the above 42 posting ?eys are defined at a. three sections8general data. to process documents faster d. to generate payments b. to support data entry c. to hold the document for the ne1 session c. company code and sales organi ation c. none of the above 4>customer master is divided into a. none of the above 2= customer and vendor master can b e maintained a. to remit the payments d. business area level b. to substitute values in fields b. salas organi ation and production d.ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 14 d. to remind customer/vendor of account arrears c. only in !" b. company code. grouping tolerance levels of specific nature d. none of the above 41 function of tolerance group is a. customi ation of fiscal year b. t1o sections8company code and sales area b. four sections8general data. 1hich can be used to complete and post subsequently the documents 1hich are incomplete b. company code level 7 . is real time update c. happens on a daily basis b. local currency 20 validations are used a. is to define user groups 1ith different amount limits for documents and line items c. none of the above 24 dunning process is used a. is to set tolerance level for foreign e@change b. only in *+/. to validate the data being entered is meeting certain criteria 1hen certain prerequisites are met d. happens after the end of the posting period d. centrally as 1ell as in respective functional areas d. c.

standard posting ?eys used for $/3 posting are 0>. one has to post t1o documents individually b. b. system lin?s documents based on user given number in cross company code transaction field d. none of the above 8 . none of the above 43 every company code must have its o1n document type a. posts a document in one company and system generates another document in concerned company 1ith common lin? of cross company code transaction number c. d. false 40 the a.ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 14 c. true b. c. 2>and 0> 2>. client level d. 3= none of the above 42 in case of cross company code transactions a. 2> 1=.

B 22. B. ( =.B. B. & 0<. & 35. 2>. & 12. & 23. & 1=. .( 02. &. ( 1<.+ 30. & 1>. B 01. . ( 0=. ( 9 . & 15. ( 11. B 2.. 31.ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 14 KEY 1. B <. B 3<. ( 3.. B 03. & 2>. & 3=. ( 4.+ 24. & 5. ( 13. ( 05. & 2=. & 2<. B 02. & 3>. B 22. ( 04. &. & 10.+ 25.+ 20. &. B. B 34.B. B 21. & 22.. + 0. ( 32. 14. & 12. ( 0>. & 00. + 33.( 21. + 32. &. .( 2.(.

B 25. B 40. & 42. ( 22. B. ( 4>. & 24. ( 43. B 10 . B 2=. ( 42. + 20.ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 14 23. B 2<. B 41.