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monday, january 25, 2010

New GL FAQs
1. In New GL, how would you incorporate companies with different fiscal years if you wanted to assign them to the same controlling area? A. Create company codes with the same fiscal year variant and assign the company codes that have a different fiscal year to non-leading ledgers with the appropriate fiscal year variant. 2. What are the necessary elements required to create a customer-specific drilldown report for New General Ledger Accounting? A. Form and Characteristics. 3. How many possibilities are possible with New General Ledger? Choose all that apply. A. Account balancing with any characteristic B. Customer Fields Extensibility C. Segment Reporting D. Reduction of Total Cost of Ownership E. Transparency and Uniformity (All are correct) 5. What are the advantages of using the New General Ledger? Choose all that apply. A. Extended data structure B. Document (Online) Split C. Real Time Integration between CO and FI D. Multiple Ledgers can be maintained under leading ledger. E. Interfaces for entering the data and postings are nearly identical. (All are correct) 6. True or False: Please choose the correct answer. A. the New GL is optional for existing SAP Customers. True 7. What Customizing transaction will activate the New General Ledger? A. FAGL_ACTIVATION

Unplanned depreciation (or other manually planned depreciation) D. (All are correct) 10. New GL will use the same Fiscal Year Variant and Posting Period Variant that is assigned to company code. Entry View will be the same in sub-ledgers (AR / AR / AA / Taxes). Financial Accounting Document will have two views: the entry view and the GL View. True B. The depreciation position program RAPOST2000 can be used to record the following: A. APC revaluation below/above the accumulated depreciation ((All are correct) 12. The ‘posting period’ can be defined for each A. what following changes will take place? A. Control Parameters (as before) will be from company code. There will be new Paths for New GL in addition to existing (Old) GL. What will be the New ledger definitions after the activation? A. C. Accounting principle C.8. B. After activation. Conventional Financial Accounting Paths will remain at their present form. C. Imputed interest E. Company code B. Accrual type . A. Choose the correct answer(s). After Activating the New GL. Ordinary (book and cost-accounting) depreciation. The leading ledger will manage local currency(s) assigned to company code. True 11. Old paths can be eliminated by running RFAGL_SWAP_IMG_OLD (All are correct) 9. Tax special depreciation or the allocation and write off of reserves for special depreciation on the basis of tax special depreciation C. B. B.

Active split. However Periodic Reposting is not used. d) A separate Assessment account needs to be defined for New General Ledger as a GL Account that is not a secondary Cost Element of category 42. B. The main ledger generally reflects the accounting principle used to draw up consolidated financial statements. and Clearing lines/zero balance formation by document 16. C. Passive split. Extensibility and flexibility (All are correct) 14. The main ledger is the only ledger that is integrated with controlling module by default. (All are correct) 17. Splitting process can be divided into following steps A. Consolidated financial reporting is normally mapped with main ledger 15. Which of the following are advantages of ledger solution? a) You maintain a separate ledger for every accounting principle b) You can use different fiscal year variants in this scenario . Increased data quality C. Which of the following are advantages of document splitting? A. Accelerate closing B. b) Statistical Key Figure presently cannot be used as a Tracing Factor.(Not Correct) D. other ledgers cannot be used in addition to the main ledger.(All are correct) 13. c) Distribution Generates a FI Document as an output. For parallel financial reporting. Which of the following is not correct? A. Which of the following are correct about periodic allocation? a) Both Distribution & Assessment can be applied as a Periodic Allocation Technique in the New Ledger.

(All are correct) 19.you better Contact Mr.c) The number of G/L accounts is manageable (All are correct) 18. RFAGL_SWAP_IMG_OLD posted by murthy pillutla at 7:04 am 2 comments: srinu said. I HAVE 2.. I AM LOOKING TO PICKUP A JOB IN SAP . If you want to get into SAP FICO positions in USA. New GL will be activated. I MEAN PLEASE GIVE ME DETAILS ONLY .. Krishna .AND I AM DID MY SAP FI/CO TRAINING HERE. HI SIR ABOUT MY SELF I AM SRINIVAS FROM ANDHRAPRADESH IN INDIA . 2010 10:06 PM murthy said. I COMPLETED MY MBA IN 2007. THANKING YOU SIR SRINIVAS January 26.6 YEARS OF EXPERIOUNCE IN DOMINE. c) After successful data Migration. IF YOU HAVE ANY INFORMATION ABOUT SAP OPENINGS PLEASE REFER ME . I FELL VERY HAPY TO MEAT IN YOUR BLOG... Which of the following are migration principles? a) Date of Migration is at the beginning of a Fiscal Year (Current or Future) b) Year End closing of the Old Fiscal Year must be completed prior to migration and Activation of New GL. Which program hides the old paths in the new general ledger? A. Hi Srinivas.I CAN FOLLOW UP ONLY. I HOPE I CAN BE RECEIVE A REPLY FROM YOU.

Give me the feed back after talking to him. At the beginning of a new fiscal year. Prerequisite.Iyyangar who himself a SAP FICO. Set a second number range for all document types. G/L accounts that are managed in local currency can only be posted to in this currency. and working on USA SAP FICO Projects. Are segments assigned to a hierarchy? True False. Which are the necessary steps to create a validation? Please choose the correct answer. When parking a document. check. True False. Because the company codes use different operational charts of accounts. The document number is not assigned and transaction figures are not updated. message. One number range can only be assigned to one account group. Charted Accountant. update. The document number is not assigned but transaction figures are updated. True False. living in Chennai.So try to contact him at 44-24939310 . True False. He is very senior. Do segments have a time reference? True False. In New GL. Every company code may define its own document number ranges. Your customer wants to add a new company code and asks you to make the configuration settings for document types and number ranges. The document number is assigned and transaction figures are updated. True False. message Check. Which object has to be used to avoid a change of the reconciliation account in the customer's master . What do you have to do? Please choose the correct answer. Allow all document types for the new company code. Reconciliation accounts are updated once a day. The document number is assigned but transaction figures are not updated. True False. which of the following occurs in the system? Please choose the correct answer. update. You can always display the line items of a G/L account. G/L accounts with open item management must have line item display. and owning a Consulting Company in USA. True False. how would you incorporate companies with different fiscal years if you wanted to assign them to the same controlling area? Please choose the correct answer. message Prerequisite. Document number ranges must not overlap. True False. Use the same fiscal year variant for all company codes and set up parallel accounting for company codes that have different fiscal years. control. True False. The customer/vendor accounts must always be maintained centrally. Create company codes with the same fiscal year variant and assign the company codes that have a different fiscal year to non-leading ledgers with the appropriate fiscal year variant. Can I assign the same segment to multiple profit centers? True False. No additional settings are necessary. Define number ranges for the new company code. Good luck You can assign a business area to a company code directly. True False.He will give some directions how to / what to do to get into market as a SAP FICO. you cannot carry out crosscompany code controlling. True False. US Citizen. control Check.refer my name (Murthy Pillutla Chicago USA). G/L accounts that are managed in a foreign currency can only be posted to in this foreign currency. True False. check. Every company code may define its own document types. True False. Use the same fiscal year variant for all company codes and do a reversible close for the company codes that have different fiscal years. Create company codes with different fiscal year variants and assign them to the same group company for reporting purposes. the system always starts the document number assignment again at the start of the number range. True False.

Which objects can be assigned to an asset master record? There are 3 correct answers to this question Cost center. the first order information which must be entered is: Order status Order type Settlement type Currency Classification code. To post incoming and outgoing payments in any transaction currency. the settlement rule must be entered in the control data. Internal order. Sorting. What are the necessary elements required to create a customer-specific drilldown report for New General Ledger Accounting? There are 2 correct answers to this question. To make remittances to vendors. (*) When creating an Overhead Cost Order. The field status of the customer account group. (*) What status reports does Cash Management and forecasting include? Cash management position Liquidity forecast Credit limit report G/L account balances Bill holdings. The payment program needs the ____ _______ ____ to determine whether an open item has to be paid now or in the next payment run. To determine the document type. WBS element. To determine the CO object. (*) When creating an Overhead Cost Order. To determine debit and credit accounts. Name the five areas into which the payment program configuration is divided. Dual control. Master data modification. For which scenario can you use the cash journal? Please choose the correct answer. vendor accounts and customer accounts More than one company code can be allocated to the same chart of accounts The chart of accounts controls all the customising settings in the R/3 system All accounts within a chart of accounts must have the same tax code. Filters. To determine the correct posting period. Which settlement receivers are available for internal orders? Cost center Orders General ledger accounts Asset Vendor.data? Please choose the correct answer. The __________ specify the accounts and documents that are to be included in the payment run . All company codes Paying company codes Payment method/country Payment method for company code Bank selection Paying postal code Payment . A form. To manage cash in local branches and offices. Profitability segment. Characteristics. The field status of the posting key. The sequence in which the payment methods are entered in the _______ __________ reflects their priority. The field status of the activity. Variables. Which of the following are interactive functions available in the SAP List Viewer. What is the purpose of account determination in the accrual engine? There are 2 correct answers to this question. The field status group of the reconciliation account. There are 3 correct answers to this question. (*) Which of the following are clearing procedures in accounts receivable? Incoming payment Down payment request Credit memo Transfer posting. Summation. Maintain parameters Proposal run Execute a payment run Printing Payment Media Forecast cashflow Email Vendors. To record documents that will not be included in the general ledger. Profit center. (*) Which of the following statements are correct? More than one chart of accounts can be created for each client The chart of accounts contains all the G/L accounts. List the four steps in the payment program. A report header.