Sample Questions Set For Sap Fi Certification PDF

TFIN 50_PART 1_Unit 01
Q.No. Question Answers
1 Client is the highest level of hierarchy in the SAP system. The client is represented
in the SAP system as a
a. three character-length alpha numeric FALSE
b. three character-length integer only TRUE
c. four character-length alpha numeric FALSE
d. four character-length integer only FALSE
2 Each Client is an independent unit with Separate master records, a set of tables
and data. In order to log on to a client, You need to enter the
a. Client Number, User ID and the related password TRUE
b. Client Number, and a pre-defined password FALSE
c. Client Number and User ID FALSE
d. User ID and the related password FALSE
3 A Company code is an important organizational unit in financials created for

external reporting purposes. A Company code in SAP system is a
b. three character-length integer only FALSE
c. four character-length alpha numeric TRUE
4 *More than one option may be correct
SAP uses Company Code(s) and Business area(s) as organizational entities of which
a. Creation of one or more Company Codes is a mandatory activity TRUE
b. Creation of one or more Business Area(s) is a mandatory activity FALSE
c. Business Area(s) is / are used for external and statutory reporting purposes FALSE
d. Company Code(s) is / are used for external and statutory reporting purposes TRUE
e. Business Area(s) is / are used for internal and manegerial reporting purposes TRUE
f. Company Code(s) is / are used for internal and manegerial reporting purposes FALSE
g. There is always a direct assignment of the business area(s) to a Company Code FALSE
h. Business Area(s) may extend across more than one company code TRUE
Creation of a Company Code in SAP

a. is always done by copying from a pre-defined company code called 1000 FALSE
b. is always done by creating from scratch by hand (without copying) FALSE
c. can never be created by the user since all company codes are already defined in SAP FALSE
d. can be copied from Company Code 1000 or created from scratch without copying TRUE
e. can be created by copying from any existing company code other than 1000 TRUE
The following data are mandatory while creating a Company Code in SAP
a. Country (pre-defined as a country key in SAP) TRUE
b. Address (pre-defined as an address key in SAP) FALSE
c. Language (pre-defined as a language key in SAP) TRUE
d. Local Currency (pre-defined as a currency key in SAP) TRUE
e. Client Number (pre-defined as Client key in SAP) FALSE
7 A Business Area , if defined, is a four character-length alpha numeric variable in SAP TRUE
8 A Country installation version, if exists and needed,

a. can be created by directly copying from Company Code 1000 FALSE
b. is created by copying the version to Company Code 0001 and re-copied
to your Company Code as desired. TRUE
9 The Variant principle adopted in SAP

a. eliminates redundant data by avoiding duplicate creation of re-usable data TRUE
b. helps in creating client-centric data TRUE
c. helps in creating company code-centric data FALSE
d. does not result in the creation of data which can be shared FALSE
10 Variant principle is a general principle which can be used in many contexts TRUE
11 The Variant principle adopts the following steps and in the said order of priority
a. assigning a variant to Company Code,creating the attributes and
defining the variant FALSE
b. defining the variant,defining the attributes for the variant and assigning
the variant to one or more Company Code(s) TRUE
c. defining the attributes, consolidating them into a variant by defining the variant
and assigning the variant to one company code only FALSE
d. Mentioned in any fashion as described in options a b and c FALSE
A Fiscal Year Variant is responsible for

a. Defining the start and end dates of an accounting year TRUE
b. Defining the number of posting periods with the opening and closing dates
of each such posting period TRUE
13 A Fiscal Year Variant may contain details of

a. a calendar year and a non-calendar year FALSE
b. a calendar year or a non-calendar year TRUE
c. an accounting year which is neither a calendar year
nor a non-calendar year FALSE
d. of the company code which uses it FALSE
14 A Fiscal year is said to be year independent when
a. The start and end dates are uniform irrespective of the accounting year TRUE
b. The start and end dates vary during some accounting years FALSE
15 An Year specific fiscal year

a. may have lesser number of posting periods (viz. less than 12) TRUE
b. may have start and end dates which are consistent irrespective of the
accounting year FALSE
c. may be a shortened fiscal year TRUE
d. can never be any one of the above options ( A B C) given above FALSE
TRUE
16 The number of special posting periods
a. is always 4 FALSE
b. is always between 1 and 4 FALSE
c. is always between 0 and 4 TRUE
d. can be above 4 but must always be less than or equal to 12 FALSE
17 Year Shift Indicator is

a. Not necessary if you use a Non Calendar Fiscal Year FALSE
b. Always necessary for your fiscal year which corresponds to a Calendar Year FALSE
A Fiscal Year Variant

a. Can use the same mnemonic used as your company code FALSE
b. Cannot use the same mnemonic used as your company code TRUE
c. Is an alpha numeric code which is two characters long TRUE
d. Can be created using the new entries column TRUE
e. Is always pre-defined in SAP and therefore cannot be created using the
new entries column FALSE
19 A Fiscal Year Variant may have less than 12 posting periods covering
12 months of a fiscal year and yet need not be a shortened fiscal year TRUE
20 SAP contains pre-delivered currency keys for which you can define exchange
rates based on time-basis in order to accommodate exchange rate fluctuations TRUE
21 Exchange Rate Types are defined as follows:

a. B = Buying Rate, M = Average Rate, S=Selling Rate FALSE
b. B= Buying Rate, M=Average Rate, G= Selling Rate FALSE
c. G= Buying Rate, M=Average Rate, B= Selling Rate TRUE
d. G= Buying Rate, M=Average Rate, S= Selling Rate FALSE
22 Relationship between two different currencies are maintained using

Exchange Rate types and Translation Ratios which may vary in line with inflation
rate(s) prevailing in the country/countries involved TRUE
23 Worklists are tools which shortlistand limit SAP pre-delivered currencies to those
which your company code deals with TRUE
Pick out the correct statements

a. Inversion , the oldest tool , is the exchange tool which is mostly used today FALSE
b. If you know the exchange rate spread and the selling rate of a given currency,
then you can identify the buying rate and average rate TRUE
c. Base currency is usually used with the Average Rate whereas exchange rate
spreads are used with regard to other exchange rate types (B and G) TRUE
d. Use of more than one base currency per exchange rate type is not possible
with mySAP ERP FALSE
25 a. When one unit of local currency is equated with a foreign currency, you are
using direct quotation FALSE
b. When one unit of local currency is equated with a foreign currency, you are
using indirect quotation TRUE
c. When one unit of a non-local currency is equated with the currency of your
company code, you are using direct quotation TRUE
d. When one unit of a non-local currency is equated with the currency of your
company code, you are using indirect quotation FALSE
26 a. Entering an asterix * as a prefix confirms the use of Direct Quotation TRUE

b. Entering a Slash / as a prefix confirms the use of Direct Quotation FALSE
There are many possible scenarios when your company code uses multiple
currencies .
a. Direct quotation rates do not need a prefix if majority of your currencies use
standard quotation TRUE
b. Direct quotation rates need a prefix of Asterisk * if majority of your currencies
use standard quotation FALSE
c. Exchange rates do not need prefix(es) if majority of your currencies
predominantly use both direct and indirect quotes FALSE
d. Exchange rates do need prefix(es) if majority of your currencies predominantly
use both direct and indirect quotes TRUE
e. Direct Quotation rates do not need a prefix whereas indirect quotes need to be
prefixed with an asterix * if most of your currencies use indirect quotes FALSE
f. Direct Quotation rates do not need a prefix whereas indirect quotes need to be
prefixed with a slash / if most of your currencies use indirect quotes FALSE
g. Direct Quotation rates do need a prefix if most of your currencies use direct
quotes FALSE
h. Direct Quotation rates do not need a prefix whereas indirect quotes need to be
prefixed with a slash / if most of your currencies use direct quotes TRUE
i. Indirect Quotation rates do need a prefix if most of your currencies use direct
quotes TRUE
j. Indirect Quotation rates do not need a prefix whereas direct quotes need to be
prefixed with a slash / if most of your currencies use direct quotes FALSE
28 Reports RFTBFF00,RFTBDF07 and RFTBDF14 are some of the reports used for
periodic updation of the Exchange Rate table. TRUE
Pick out the incorrect statements
a. A Company Code can use more than one local currency FALSE
b. In FI, a company code always uses one fiscal year variant TRUE
c. SAP does not permit the definition of more than one language
during creation of a company code TRUE
d. If a company code has multi national operations, then you could assign more
than one country to it at the time of creation of such Company code FALSE
30 Creation of a Company Code from Company Code 1000 copies various Global
Parameters also
TRUE
TFIN 50_PART 1_Unit 02
1 A Chart of Accounts is a variable which complies with the variant principle
principle. The Chart of Accounts in SAP is defined as a
a. six character-length alpha numeric FALSE

b. six character-length integer only FALSE
2 Each Company Code uses a Chart of Account which

a. Cannot be shared by one or more company codes FALSE
b. May be Shared by more than one company code TRUE
c. Must be shared by more than one company code because it uses the variant FALSE
principle
d. All of the above options are valid FALSE
3 A Company code is an important organizational unit in financials created for

external reporting purposes. A Company code in SAP system is always defined as a

b. three character-length integer only FALSE
The following entities are defined while creating a Chart of Accounts

a. Chart of Acounts Key which is alpha numeric TRUE
b. Literal description of what the COA key stands for TRUE
c. Language in which GL Account Texts would be maintained TRUE
d. Generic Length of the General Ledger Account(s) TRUE
e. Options for integration with the CO Module TRUE
f. Name(s) of Company Code(s) which want to use the Chart of Accounts FALSE
g. Flag which could prevent activation of the Chart of Accounts TRUE
h. Group Chart of Accounts which field cannot be left blank FALSE
5 A General Ledger Master Record is complete and usable if and only if it

a. Contains a chart of accounts segment but no company code segment FALSE
b. Contains a company code segment but no chart of accounts segment FALSE
c. Always comes pre-delivered in SAP but without the Company Code Segment FALSE
d. is created by the user but without the chart of accounts segment FALSE
e. Contains a company code segment and a chart of accounts segment TRUE
A GL Master created can be saved without

a. Account Number FALSE
b. Field Status Group FALSE
c. Account Currency FALSE
d. Alternative Account Number TRUE
e. Account group FALSE
7 The minimum width of GL account can be 3 and the maximum width being 10 FALSE
8 A GL Master record cannot be created

a. without Internal Number Assignment for the GL Master record FALSE
b. without specifying an account group TRUE
9 Presence of a chart of accounts segment helps in the creation of a GL Master record which
a. can be shared by more than one company code , each using a different Operating COA FALSE
b. always encourages cross company code transactions FALSE
c. may belong to different account groups in different company codes FALSE
d. shares the same Account Number and description in Company codes assigned to the TRUE
same Operating Chart of Accounts
10 SAP does not prohibit internal numbering of GL Master records FALSE
A Company code can adopt

a. one operating Chart of Accounts TRUE
b. One operating Chart of Accounts and one Group Chart of Accounts TRUE
c. One Operating Chart of Accounts and one reconciliation Chart of accounts FALSE
d. One Group Chart of Accounts , one Country Chart of Accounts TRUE
and one Operating Chart of Accounts
12 Pick out the correct statements from the following:

a. Country Specific reporting happens using the Group Account Number FALSE
b. Country Specific reporting happens using the Alternative Account Number TRUE
A General Ledger Account can be blocked

a. For Creation or Posting or Planning TRUE
b. For Creation and Posting and Planning TRUE
c. At Chart of Accounts Level Only and never otherwise FALSE
d. At Company Code Level only and never otherwise FALSE
14 Consolidation of Accounts pertaining to two company codes of a corporate group happen

a. With the help of Alternative Account Number FALSE
b. With the help of Group Account Number TRUE
Pick out the correct statements from below:

a. Consolidation reporting is internal reporting TRUE
b. Consolidation reporting is external reporting FALSE
c. Country specific reporting is internal reporting FALSE
d. Country specific reporting is external reporting TRUE
The following fields can be seen in the company code segment of an Operating COA
a. Currency TRUE
b. Taxes TRUE
c. Account Group FALSE
d. Reconciliation Account TRUE
e. House Bank details TRUE
f. Interest details TRUE
g. Open item Management TRUE
h. Group Account number FALSE
i. Field Status Group TRUE
j. Sort Key TRUE
17 Retained earnings Account in your Balance Sheet is updated when you

furnish the P & L statement type for
a. Assets and Liabilities related GL accounts FALSE
a. Revenues and Expenses related GL Accounts TRUE
18 You have created two GL Accounts i. Sundry Debtors and ii. Sundry Creditors and
you have configured them as reconciliation accounts.
a. You can post a Sale transaction by debiting Sundry Debtors GL as a line item FALSE
b. You cannot make payment to your vendor by crediting Sundry Creditors GL as a TRUE
line item
19 Field Status for GL Master records can be set principally in the related account group TRUE
which may or may not be over-ridden based on the master related activities (such as
create , change , display)
20 Field Status relating to GL Master Records is Company code centric FALSE
21 The Field Status priority rule is in the following order

a. Display/Suppress/Required/Optional FALSE
b. Suppress/Required/Optional/Display FALSE
c. Suppress/Display/Required/Optional TRUE
d. Optional/Suppress/Display/Required FALSE
22 Detailed Postings involving Sundry Debtors, Sundry Creditors and Fixed Assets update TRUE
the respective subledgers but also update the corresponding reconciliation accounts
in the General Ledger
23 A Chart of Accounts may be created in one step or two steps or may even be copied in full TRUE
from another chart of accounts

a. Line item Display activation is not possible without Open item Management FALSE
b. Open item Management activation is not possible without Line item Display TRUE
c. It is mandatory that all GL Accounts have open item management FALSE
d. It is mandatory that all GL Accounts have Line item Display FALSE

a. Mastering a GL account with local currency permits document posting in local currency FALSE
only
b. Mastering a GL account with a non-local currency permits document posting in all non- FALSE
local currencies
c. Mastering a GL account with local currency permits document posting in any currency TRUE
d. Mastering a GL account with a non-local currency permits document posting in a single TRUE
non-local currency specified in the master
26 Activation of "Balances in Local Currency only" option in a GL Master record helps in FALSE
preventing document posting in foreign currency
27 You have created a company code as resident in India and while doing so you have
configured your currency with Indian Rupee (INR).
Your company code owns an apartment in London which has been rented out to a
British National from whom you would be collecting monthly rent.
Your accountant has created a GL Master record named "RENT RECEIVED-LONDON

APARTMENT" toward collection of monthly rent.
a. Your accountant has mastered the GL account with INR as the account currency and FALSE
receipt of rent cannot be documented as it is if your tenant pays a check for 2000 Pounds
(GBP).
b. Your accountant has mastered the GL account with GBP as the account currency and yet FALSE
he can continue to receive a check for Rs.14000 and document it as it is while posting
c. Your accountant has mastered the GL account with Indian Rupee (INR) as the account FALSE
currency and therefore you must insist on receiving rent in INR only
d. Your accountant has mastered the GL account with Indian Rupee (INR) as the account TRUE
currency and yet you can use this GL account for receiving a check for 234 Euros and
account as it is.
e. Your accountant has mastered the GL account with Pounds (GBP) as the account FALSE
currency and yet you can use this GL account for receiving a check in 12000 Euros
a. A customer account has a general data segment, company code segment and chart of FALSE
accounts segment
b. A vendor account has a general data segment, company code segment and chart of FALSE
accounts segment
c. A customer account has a general data segment, company code segment and sales area TRUE
segment
d. A vendor account has a general data segment, company code segment and sales area FALSE
segment
e. A vendor account has a general data segment, company code segment and TRUE
purchase organisation segment
29 One time Customer or One time Customer is a special Account Group used for TRUE
accomodating customers / vendors with whom who do business very rarely
30 Assignment of number ranges to customer (applies to vendor also) groups TRUE

may be internal or otherwise
Current number field relating to customer account group ( applies to vendor group also)
shows
a. the last number which was assigned (if you opt for internal numbering) TRUE
b. the last number which can be assigned (if you opt for internal numbering) FALSE
c. the last number which was assigned (if you opt for external numbering) FALSE
d. the last number which can be assigned (if you opt for external numbering) FALSE
e. No details of any number assigned/ assignable (if you opt for external numbering) TRUE
32 Customers and Vendors are entities with whom your company code transacts business. FALSE
Therefore, customer numbers and vendor numbers are always assigned at company code
level for the exclusive use of your company code
33 Field Status for customer and vendor masters are maintained just the same way as you do FALSE
for GL Master Accounts. It cannot ever be any different.
Let us suppose a customer of your company code also happens to be a vendor

a. Customer Number has to be indicated in the vendor master record and vice versa in FALSE
the company code segment
b. Clearing with Customer (in vendor master record) and vice versa has to be activated TRUE
in the Payments related section of your Company Code
c. Customer Number has to be indicated in the vendor master record and vice versa in TRUE
at client level
d. Clearing with Customer (in vendor master record) and vice versa has to be activated FALSE
at client level
35 Pick out the correct statements from those given below:

a. SAP has a provision to display Line items customer dues along with vendor dues where TRUE
the customer is also a vendor
b. SAP permits viewing line items of customer dues along with vendor dues of a customer FALSE
who is also a vendor. However, Collection / Payment of the net balance cannot be
carried
out in SAP where there are open customer dues and open vendor dues for a vendor
who is also a customer
Let us suppose that your company code treats one customer as Head Office and
a few other customers as its branches and your consultant has configured the master
records accordingly
a . Invoice items posted to branches are transferred to the Head office account for control TRUE
purposes
b. The said configuration invokes mandatory Centralized processing of related documents FALSE
c. The said configuration may not invoke Centralized processing of related documents TRUE
d. Payment of such invoices is always accounted using the master record which is FALSE
earmarked as Head Office
e. Payment of such invoices need not be accounted using the master record which is TRUE
earmarked as Head Office
An Alternative payer / Alternative payee in related Master Accounts

a. can be configured at three places in SAP TRUE
b. can be configured at two places viz. at the client level and at the company code level FALSE
c. at company code level configuration, if permissible, does not get priority over FALSE
the client level definition
d. Alternative payer is always another customer who must already FALSE
exist in your related master
e. You may decide the Altertative Payee during document posting. TRUE
38 IBAN stands for international bank account number (not exceeding 34 characters long) TRUE
cannot be mastered without explicit information and approval from your customer
39 IBAN reference is not captured in the Company Code segment of your customer / Vendor TRUE
Master
Let us assume you that "YES BANK " (which lies next to Siemens - Chennai office) is
the bank which your company code operates for its bank related transactions. Let us
further assume that one of your customers has an account with the same "YES BANK"
branch and operates it.
a. You need to create two General Ledger Accounts for YES BANK, one for your bank FALSE
account and another for that of your customer
b. You do not need to create any GL account if your Bank master stands updated FALSE
c. Your Bank Key/ Bank Number and that of your customer would be the same TRUE
d. Your Bank Account Number and that of your customer would be the same FALSE
e. Your Bank Account Number would be different from that of your customer TRUE
41 A Bank master can be created

a. from Customer / Vendor Master TRUE
b. in the Bank directory TRUE
c. using a Lock Box TRUE
d. using a program RFB_VALL_0 TRUE
42 A House bank is the bank in which your company code has an account for operating TRUE
43 A Bank which you have configured as your house bank can never be configured by your FALSE
vendor as his / her house bank
44 Your House Bank is not only currency specific but is also country specific TRUE
45 A House bank can be associated with a single Account ID only FALSE

46 Every House Bank must have a corresponding GL Account with one to one mapping and TRUE
that too currency specifically
47 The GL Account which is a representative of your house bank is not incompletely mapped FALSE
if the Account ID is not furnished in the said GL Master record
48 Every combination of House Bank with its Account ID must be mapped to a General TRUE
Ledger
Master Record and vice versa
49 A House bank mapped to multiple unique account IDs is not possible in SAP FALSE
50 Customer/Vendor account groups are created at Client Level TRUE

TFIN50_PART 1_Unit 03
Document principle is a principle which imparts uniqueness to each document generated

in SAP. A document may
a. get a unique identity through the document number only FALSE

b. get a unique identity through the combination of the document number and the Fiscal
year FALSE
c. get a unique identity through the combination of the document number and
Company Code only TRUE
d. get a unique identity through the combination of the document number ,
Company Code and Fiscal year TRUE
2 Each Company Code uses a document number which

a. Is client-centric FALSE
b. Can be Shared by more than one company code if cross company code transaction is
possible FALSE
c. Must be shared by more than one company code because it uses the variant
principle FALSE
d. Can never be shared across company codes TRUE
A Single Document in SAP comprises

a. A document header TRUE
b. More than one header if complex posting transaction is involved FALSE
c. Line items with a minimum of two and not exceeding 999 TRUE
d. Many Line items the sum of which is always divisible by 2 FALSE
Pick the correct statements

a. Document Header controls the Line items FALSE
b. Line items control the Document Header FALSE
c. Posting Keys control the Document Type FALSE
d. Document Type controls the Document Header TRUE
e. Document Type controls the Posting Keys FALSE
f. Posting Keys control the line items TRUE
g. Document numbers are never client-centric TRUE
h. Document Numbering may or may not be internal TRUE
i. Document numbering and Account Type(s) are dependent on the Document Type
TRUE
j. Posting Keys may have a say in determining field status during document posting
TRUE
5 Document Numbers always have to be

a. Internal and assigned by the system FALSE
b. External as defined by the SAP User FALSE
c. Assigned to a document and the assignment may or may not be internal TRUE
d. Checked by the user for duplication if the number assignment is internal FALSE
e. Contains a company code segment and a chart of accounts segment FALSE
Every Document Type

a. Controls the document header in a document TRUE
b. Manages Document Numbering TRUE
c. Determines the Permitted Account Type(s) TRUE
d. Has a Reversal Document Type which always uses internal number range TRUE
e Defines the Account group (GL/Customer/Vendor) FALSE
7 Every document posting in SAP always creates a financial accounting document FALSE
8 A document type
a. Never allows document posting using the net procedure
FALSE
b. Is flexible to make the field status of Document Header and / Reference fields as
Required
TRUE
9 Document Principle in a document Number Range comprises a concatenation of

a. Document Number, Company Code and Fiscal Year if you use the option
"for each fiscal year" TRUE
b. Document Number, Company Code and Fiscal Year if you do not use the option
"for each fiscal year"
FALSE
c. Document Number and Company Code if you use the option
"upto a future fiscal year" TRUE
c. Document Number and Company Code if you do not use the option
"upto a future fiscal year" FALSE
10 You can create customizable Document Types and Posting Keys for the exclusive use of
your company code related transactions only
FALSE

a. A Given Document Number Range can be used by one or more document types
TRUE
b. A Given Document Type can use more than one Document Number Range
FALSE
c. Different Company Codes using the same document type can thwart the document
principle
since the same document number would be used in each company code FALSE
d. Different Company Codes using the same document type do not thwart the document
principle
though the same document number would be assigned to a document in each
company code TRUE

a. A Posting Key is always permits one Account Type only TRUE
b. A Posting Key may be mapped to more than Account Type FALSE
Field Status maintenance

a. Is handled by the Account Group and Screen Lay out activity per transaction
(Create/Change/Display) for GL Master Accounts TRUE
b. Is handled by the Account Group , Screen Lay out activity per transaction
(Create/Change/Display) and Screen Lay out activity per company code
for Customer and Vendor Master Records TRUE
c. Is handled by the Posting Key and Field Status Group of the related GL Master
TRUE
d. Is not necessary at the transaction level if Field Status Group has been defined in
the related GL Master Record
FALSE
14 Since Customer and Vendor records are described in detail through the subledgers
a. You do not have to create any GL Master Record for customers and vendors FALSE
b. You have to create GL Master Records to represent your customers and vendors
TRUE
15 You have created Expenses Account Group' with Suppress as the field status for the
field SORT KEY. Your Sub-ordinate , who is entrusted with the task of creating GL
Master records for Expenses sets the field status of the field SORT KEY as Required
while mastering an Expense under the aforesaid Account Group.
The system suppresses the sort key field using the SDRO Rule
FALSE
16 Many Field Status Groups (bundling sets of statuses of every field) are put together in a
Field Status Variant which is assigned to your company code. This is a clear
representative of the
variant principle used in SAP TRUE
17 Assigning a Fiscal Year Variant not only determines the posting periods for your
company code but also automatically opens / closes the posting periods based on the CPU
Date FALSE
18 You have created many Customers and Vendors in the respective Subledgers. You don't
set Field Status in subledger directly TRUE
19 A Posting Period variant created by you can also be used by any other company code
TRUE

a. If the Account type + stands defined in your posting period variant, you may or may
not
choose to define other account types TRUE
b. If the Account Type + is not defined, then you could do document posting with other
account
types ( A, D, K, S) defined FALSE
c. You could restrict users eligible to do posting by using the Auth. Grp. Field provided
you do
use the first period interval TRUE
d. No more than two posting periods must remain open when you are posting documents
FALSE

a. Since the Accounts used in a Posting Period Variant are GL accounts, Customer and
Vendor
related accounts cannot be defined in the Posting period variant for determining open
and /
closed posting periods of such items FALSE
b. Authorization Groups do not restrict users to post into special periods only TRUE
c. Posting Period Variants are always copied and renamed; therefore they cannot be
created from scratch
FALSE
d. Any Company Code which uses a given posting period cannot open/ close posting
periods
without impacting other company codes which are assigned to the same posting period
variant TRUE
22 Two period intervals must remain open if you have to do accounts closing
TRUE
23 Document Date entered during posting determines the posting period for updating
accounts FALSE
24 You may place restrictions on the maximum amounts ( of documents , open line items,
discounts and payment differences ) by creating suitable authorization groups tied up to
the users TRUE
a. a user can belong to more than one authorization group FALSE

b. a user can post transactions even if his user ID is not mapped to any authorization
group
TRUE
c. Authorization groups may be created currency specifically for a given company code
FALSE
d. A blank tolerance group indicates absence of authorizations and prevents posting
FALSE
e. Payment Differences ( expense and / revenue) may be adjusted as prescribed. They
may be
posted as cash discount / unauthorized deductions and they may be a flat amount or a
prescribed percentage of the line item value, whichever is lower
TRUE
26 You always use a document type to post a transaction in Standard SAP. There is no
alternative
to this TRUE
27 Document Posting is possible if the total debit value does not match the total credit
value in the document. FALSE

a. Customer Invoice using document type DR of which one line item represents the
customer
and the other being a material / GL / Asset Account
TRUE
b. Customer Credit Memo using document type KG of which one line item represents the
customer and the other being a material / GL / Asset Account
FALSE
c. Vendor Payment using document type KZ of which one line item represents the
vendor and the other being a material / GL / Asset Account
TRUE
d. Pure GL Document using document Type SA wherein no line items usually represent
a
customer or a vendor TRUE
e. During document posting there may be line items using master records with open item
management and there may also be line items without it
TRUE

a. SAP has a provision to let you post transactions using enjoy transactions TRUE
b. SAP permits posting using standard transactions without the use of enjoy transactions
TRUE
a . Customer and Vendor related payment documents have a push button for
selecting open items against which payment could be adjusted
TRUE
b. Separate tab page is available to adopt / override exchange rate(s) when
you post documents in a non-local currency TRUE
c. Customer and Vendor Payments make use of the field value date and also furnish
fields
for entering cash / bank information TRUE
d. You can never branch to view related master records and / previously documented line
items /
Partner Bank Reference etc when you are posting new customer and / vendor invoices
FALSE
e. Fields such as reference, header text and line item text are available to enter textual
data which
may be printed (by prefixing with a * while entering data in the document)
TRUE
31 You have separate provisions / menu options to view held documents , select
screen variants, post, park or delete documents TRUE
TFIN 50_PART 1_04
1 Default values in SAP
a. Indicate Reusable data inputs which are keyed in by the end-users TRUE
b. Indicate Data which is stored for repeated use to reduce labor for end-users
apart from reducing data entry errors TRUE
2 Ensure the validity of the following statements

a. Fiscal Year can be proposed as a default value TRUE
b. Value Date can be proposed as a default value TRUE
c. A ceiling in the exchange rate differerence when document posting in foreign
currency occurs TRUE
d. All the above statements do not happen at client level TRUE
Default values in SAP may arise from

a. User Master Records TRUE
b. System Data TRUE
c. Account Master Records TRUE
d. Accounting functions TRUE
e. Parameter memory TRUE
4 Editing options during Document entry and /document display can help
end users to set their own default values on many aspects TRUE
5 You can configure SAP system so that system date is not

displayed as posting date during document entry FALSE
6 Parameter IDs can set a default value for Company Code, Currency etc. which appear
automatically during document posting TRUE
7 The system cannot allow posting of a document when debit and credit values do not TRUE
8 When you use document type KR, you would automatically see posting key 31
defaulting in TRUE
9 Address details of Customer and Payment Terms defaulting during document posting
indicates
default value based on Account Master Records TRUE
In a document which is posted already
a. the user can change the value in any field FALSE

b. the user cannot change any value in any field FALSE
c. some fields can be changed based on rules formulated either by the system or by the
user TRUE
d. Changes to field values are logged adequate enough to be traced TRUE
11 Pick out the incorrect statements from the following:

a. Document change rules are always defined at client level only FALSE
b. Document change rules are always defined at Company Code level only FALSE
12 The end user wants a document change rule permitting changes to some fields only with
regard to customer related line items. However, he does not want the same fields to
undergo
a change in GL related line items.
SAP cannot allow different types of change rules for different Account types
FALSE
13 Document Change Rule specified based on transaction classes allow field changes to
some unique transactions
(known as Special GL related Transactions) TRUE
14 The following items may, optionally , play a role in framing document change rules
a. Posting Period TRUE
b. Status of Line Item TRUE
c. Purchase Return / Sales Return TRUE
d. Customer Debit / Vendor Credit related line item TRUE
e. Credit memos relating to downpayment TRUE
15 Document Reversal is possible for

a. documents already posted TRUE
b. documents pending posting FALSE
SAP is capable of allowing configuration for

a. Normal Reversal if you want to report all transaction figures TRUE
b. True (viz. Negative) Reversal if you want to be selective about reporting
transaction figures TRUE
c. Normal as well as True Reversals, as desired by you TRUE
d. Correction of Amounts in posted documents without using any reversal procedure FALSE
17 Pick out the correct statement
a. Reversal Reason is mandatory for normal reversals only FALSE
b. Reversal Reason is mandatory for negative reversals only FALSE
c. Reversal Reason is optional no matter which reversal method you use
FALSE
d. Reversal reason is mandatory no matter which reversal method you use TRUE
18 If your Company Code prefers to adopt negative reversal, you can further restrict such
reversals
for documents posted using selected document types only TRUE
19 Let us suppose that you posted a customer invoice incorrectly on 01 Jan 2009. As
against the
correct amount of USD 460, the document was posted with an amount of USD 640.
However,
the error was identified immediately ( viz. before sending the invoice copy to the
customer).
You decided to reverse the invoice and make out a fresh one for the correct amount.
SAP
will insist on your posting the reversal document with a posting date of 01 Jan 2009
only
and never otherwise.
FALSE
20 You accounted a vendor invoice for 150 EUROS three months ago pertaining to a
purchase
made from Vendor "ABC Ltd. ". However, on the same day you had accounted another
vendor invoice in the Account of the vendor "XYZ Ltd." for a value of 150 Euros.
Despite your instruction to settle the liability to ABC Ltd., your accounting clerk
cleared,
rather erroneously, the liability to XYZ Ltd.
Fortunately, the mistake was identified even before despatching the related documents
from your organization.
Now the question is :
You reverse the incorrect payment in a single step . FALSE
21 You can reverse a single incorrect document; optionally, you may also reverse many
incorrect documents in a single step TRUE
22 Negative reversals apply to Customer and Vendor related documents only. They cannot
be FALSE
23 If you reverse a document normally, a reversal document would be generated. However,
another financial document would not be generated if you perform a negative reversal
because SAP is said to reduce transaction figures through negative reversal. FALSE
24 The reversal document reference can be verified from the incorrect document which
stands reversed. TRUE
25 Terms of Payment are entered in the Company code section / Purchase Org. segment/
Sales
area segment of the business partner master record. Payment terms are always created
at client level
TRUE

a. Base line date in a term of payment need not necessarily be one of the following
(namely i. document date ii. posting date iii. entry date iv. No default) TRUE
b. A term of payment created for a customer may or may not be used for a vendor TRUE
c. Terms of payment in the business partners' master records are always entered from
financials only FALSE
d. Cash discounts applicable, if any, are entered in a separate Cash discounts Master
and FALSE
27 Credit memos, by default, use the payment term 0001 even if you enter a different term
of FALSE
28 Credit memos may or may not be invoice related TRUE
29 Use of daylimit in a payment term key prepares the same payment term key to store
multi-part payterms TRUE
30 A payment block defined in a term of payment applies to all business partner accounts
using the said payment term TRUE
31 A term of payment with which a business partner has been mastered cannot be
overridden FALSE
32 Payment block and / payment method defined in a term of payment which is referred to
in your business partner's master record affects , by default, all line items of the partner
which are created subsequently TRUE
33 Saving a term of payment creates a literal text which can be overwritten for display and/
printing purposes TRUE
34 Creation of a term of payment with the baseline date falling after the due date is
a. possible in SAP FALSE
b. impossible in SAP TRUE
35 A Payment term created as installment payment term is capable of splitting a document
into
parts with different due dates TRUE
36 During document change at line item level ( involving a customer and / vendor) all
parameters relating to terms of payment are editable TRUE
37 Clearing accounts used in place of cash discount in net procedure uses open item
management TRUE
38 Expense and Revenue accounts are used to quantify cash discounts in Gross procedure TRUE

a. Vendor related postings use input tax TRUE
b. Customer related postings use input tax FALSE
c. Vendor related postings use output tax FALSE
d. Customer related postings use output tax TRUE
40 Tax procedures are country-specific and are indirectly assigned to your company code TRUE
41 Tax Condition types determine if the tax is input tax or otherwise TRUE
42 Account key / Transaction key determines which General Ledger Accounts for Tax
need TRUE
43 Order of the steps cannot be defined by you in IMG for computation of Tax FALSE
44 Interest Tab of every General Ledger Master Record contains details as to whether
a. it is a tax account (input or output tax) or b. whether the GL account attracts tax or TRUE
45 Two unit company codes belonging to a corporate become eligible for

carrying out cross company code transactions
a. if they use different operating chart of accounts FALSE
b. if they use different group chart of accounts FALSE
c. if they use same operating chart of accounts TRUE
d. if they use none of the above FALSE
46 Cross company code transaction includes

a. one company code procuring for another TRUE
b. one company code settling the liabilities of another TRUE
c. one company code making payments on behalf of another TRUE
d. one company code selling goods and / services to another TRUE
47 When two company codes are involved in a cross company code transaction,
the number of documents generated upon posting the transaction would be
a. one only FALSE
b. two only FALSE
c. three only TRUE
d. none FALSE
48 Clearing Accounts created for faciliating cross company code transaction must always
be General Ledger accounts using posting keys 40 and 50 FALSE
49 Two Company codes not forming part of a company will not be eligible participants in
a cross company code transaction TRUE
50 Cross Company code transactions cannot be reversed/displayed FALSE
51 Pro-rata Tax apportionment in a cross company code transaction does not happen
during TRUE
52 Optimization of the number of clearing accounts in a cross company code transaction

involving three participant company codes is possible TRUE
TFIN 50_PART 1_ UNIT 05
Q.No. Question ANSWERS
1 Clearing is a process
a. Of creating open items FALSE
b. Of settling open items TRUE
c. Which can never be to line items involving Business partners FALSE
d. Which includes all the above options FALSE
2 If you want to archive an item and free system memory

a. You must clear open items TRUE
b. You must not clear open items FALSE
3 A line item is cleared in which such Clearing

a. Is always carried out manually by the user FALSE
b. Is always carried out automatically by the system FALSE
c. Can be manual and automatic FALSE
d. Can be manual or automatic TRUE
*More than one option may be correct
A clearing process
a. always clears open items against cash / Bank Payments FALSE
b. always clears open items without involving cash / bank payments FALSE
c. may clear open items with / without involving cash / bank payments TRUE
d.can relate to offsetting debit line items against credit line items TRUE
5 Clearing an open line item against cash / bank payment is called

a. Post with clearing TRUE
b. Account clearing FALSE
c. Automatic clearing FALSE
d. All of the above FALSE
e. None of the above FALSE
6 The document created by the system upon clearing is called a clearing document TRUE
7 Post with clearing , if carried out automatically then it is called as

a. Automatic clearing
FALSE
b. Automatic Payment
TRUE
8 Account Clearing uses Program SAPF124 when carried out automatically TRUE
The clearing document reference along with clearing date is mapped in the
9 TRUE
cleared documents

a. Clearing can be carried out for open items in Business Partners Accounts
(Customer and TRUE
/ Vendor Accounts)
b. Clearing can be carried out for any General Ledger Account
FALSE
c. Clearing can be carried out for any item which is not managed on open
FALSE
item management basis
d. Clearing can be carried out for any item which is managed on open
TRUE
item management basis
Automatic clearing is not helpful in clearing noted items, uncleared down

11 payments, TRUE
automatic offsetting entries and withholding tax related line items
SAPF124 groups items (such as Reconcilation Account number,currency, Special

GL
12 indicator and user defined header and / line item fields which may not exceed TRUE
five) and
clears debits against credits if the net balance within the account is zero
Updation of the Assignment field during document posting automatically

13 populates the FALSE
sort key in the related master record each time
Sort Key is capaple of concatenating data from four fields (subject to a maximum
of
14 TRUE
18 characterlength) which is helpful in tracing documents across submodules
Every clearing document uses the document principle and therefore must contain
15 FALSE
a minimum of 2 line items and a maxi,mum of 999 line items
A Purchase Return knocked off against the related purchase and cleared is not
16 TRUE
considered as Post with clearing
Earlier, we came across default values which can be used in documents. It

applies
17 TRUE
to documents of the type post with clearing by using the editing options
provided.
Let us suppose that your customer owes you a sum of USD13500 ( break up :
five open
invoices of 1500,500,7500,2500,1500 respectively). The customer settles part of
his / her
dues by sending a check for USD 3000.
You may settle the amount received by clearing off either the two invoices for
18 TRUE
USD 1500 and 1500 ;
alternatively, you may clear two invoices which are for USD 500 and 2500
(usually done with the concurrence of your customer).
The Open items Push button helps you select the related invoices for clearing.
In selecting open items for manual clearing, the system offers you many
additional selection options (such as amounts, document numbers, posting
19 date,age of the document, automatic search and selection by the system). TRUE
However, you may override these options and select the open items yourself.
An outgoing payment to a vendor creates a credit line item in the vendor's

20 account FALSE
The system uses the Posting date for account updation , if and only if the posting
21 date FALSE
is not the same as that of the document date
22 Value date field in a document is primarily used by treasury management TRUE
The system offers other options such as selection of Account Type, other
23 accounts, payment TRUE
advice notes etc for selecting open items while effecting manual clearing
Amounts not assigned signifies line items which can be cleared manually through
post
24 FALSE
with clearing
Cash discounts defaulting from the business partner master record / document
line item
25 are neither editable during manual post with clearing nor do tolerances apply FALSE
during
manual post with clearing process
Cash discounts applied in payment documents may be a percentage or a flat

26 TRUE
amount
The following items are automatically adjusted for posting

27
by the system when SAPF124 runs
a. Cash discount related accounts TRUE
b. Exchange Rate differences and bank charges TRUE
c. Payment differences within tolerance TRUE
d. Tax postings TRUE
e. clearing across participant company codes in a cross company code payment
TRUE
adjustment
Cleared items may be

28 a. reset but not reversed TRUE
b. reset and then reversed TRUE
c. reversed but not reset FALSE
d. reversed and then reset FALSE
Payments cannot be processed unless tables relating to tolerances are updated.

The
29 system compares employee tolerance, customer /vendor tolerance / FALSE
GL tolerance as applicable and applies the highest for posting the payment
document
Payment difference within tolerance limit may be accepted by the system as

cash discount and / unauthorized deductions and post the amounts to the pre-
30 TRUE
configured
GL accounts
31 Payment differences crossing the tolerance limit can be posted as

a. partial payment (with or without reason code) TRUE
b. residual payment (with or without reason code) TRUE
c. on account payment TRUE
d. manual deduction by charging off the difference to a GL account
TRUE
(with or without reason code)
Your customer owes 1000 Euros against an invoice. He sends in a check for 700
32 Euros
subsequently. You decide to post the payment received as a partial payment.
a. The invoice is partly cleared ( viz. for 700 euros.) and the same invoice
document FALSE
now is shown as an open item for 300 Euros
b. The invoice is fully cleared ( viz. for 1000 euros) and a new line item with a
clearing
FALSE
document reference is generated as an open item for 300 euros
c. the invoice line item stands uncleared ( viz. 1000 euros.) and a payment
document TRUE
which is also open is created for 300 euros
d. SAP never allows a payment document which does not match an invoice
FALSE
amount in full
Residual Payment always clears an open item in full and creates a new open line
33 item for TRUE
the net due still owed
Configuration of Terms of Payment, Cash discount and dunning key etc can be
34 specified in customer / vendor tolerance so that they take priority over default TRUE
configurations
Reason codes for Partial / Residual / Differerence Payments which are disputed
35 can be configured to automatically create related correspondence to customers / TRUE
vendors
IF payment differences need to be charged off, account determination for the

36 same TRUE
resulting in automatic write off can be configured
Automatic Write up / write off of exchange rates fluctuations to revenue /

37 expense accounts TRUE
can be configured through automatic account determination of such GL Accounts
Expense / Revenue Accounts created for adjustment of Exchange Rate

38
fluctuations
a. are always created in local currency only FALSE
b. are created in local currency as well as one or more foreign currency(ies) as
TRUE
required
c. are created based on currency type(s) apart from local and foreign currencies
TRUE
as required
d. are always created in foreign currency only FALSE
TFIN 50_PART1_UNIT 06
A Cash Journal is a tool in SAP which facilitates posting of Cash receipts and
Cash Payments
1 TRUE

a. Creation of currency-specific Cash journals is possible in SAP TRUE
b. Cash journal can accommodate General Ledger, Customer and Vendor related
TRUE
cash transactions
c. Cash Journals are never company-code specific FALSE
d. Cash Journals are always identified by a four digit numeric variable FALSE
A Cash journal is mapped to a General Ledger account on 1:1 basis the GL Account
3 must be configured to accept automatic postings based on posting made in the related TRUE
Cash Journal
A Cash journal is set up , by default, with document types AB, DZ and KZ to facilitate
4 TRUE
Cash Receipts and Cash Payments relating to GL Accounts, Customers and Vendors
SAP contains pre-delivered business transaction categories such as B,C,D,E,K,R and

5 FALSE
S
You cannot define your own business transaction categories other than the pre-defined
6 TRUE
ones
7 You can create your own business transactions for a cash journal TRUE
Taxes relating to Expenses and Revenue arising in a cash journal can be explicitly
defined. If
8 no such tax code is defined for such business transaction then tax codes cannot be FALSE
used for
such business transactions during document posting
A Business Transaction involving customer or a vendor is never configured by

9 TRUE
furnishing customer / vendor account in the cash journal
The System assigns a unique number, at the time of configuration,
10 TRUE
to each business transaction created and saved
Document Numbers assigned to every transction in the Cash journal arise from the
11 FALSE
number range(s) defined for the document types AB,DZ and KZ
12 Cash Journal is capable of accepting check receipts TRUE
13 A Cash Journal behaves like a subledger TRUE
Every Cash journal sub-ledger is represented in the General Ledger using the same
currency
14 FALSE
mentioned in the sub ledger and the GL Account is configured as a reconciliation
account
A follow on document is created for every cash journal transaction posted in the sub
15 TRUE
ledger
16 Pick the correct statement
a. A Cash journal transaction saved in the sub ledger can never be deleted FALSE
b. A Cash journal transaction saved in the sub ledger and posted can be deleted FALSE
c. A Cash journal transaction cannot be posted before being saved TRUE
d. A Cash journal transaction can be parked before saving FALSE
A Cash journal document can be split into multi line items , each of them being
assigned
17 TRUE
to a different General Ledger and / a different tax code and yet be posted to the
GL with a single document number
Though cash journals permit cash receipts and payments involving customers and
vendors, such a customer and / vendor can never belong to a one time customer /
18 FALSE
vendor
account group
It is possible to identify the GL document number from the cash journal subledger
19 document TRUE
posted
A cash journal is a typical example of an enjoy transaction as the screen is user

20 friendly TRUE
and the same screen can be utilized for posting receipts as well as payments
TFIN 50_PART 2_UNIT 02
1 Management of Payables ( viz. Settlement of commitment to vendors through payment)
can be carried out
a. Manually TRUE
b. Automatically using the Automatic Payment Program TRUE
2 * More than one option may be correct
The APP allows

a. Automatic selection of items to be paid TRUE
b. Automatic creation of payment document(s) TRUE
c. Print payment media, use DME or generate EDI
TRUE
d. None of the above

FALSE
e. Automatic clearing of unadjusted debits and credits

FALSE
3 APP can manage payables automatically. It is capable of handling domestic

payments as well as international payments. Country specific payment methods and
procedures can be configured in APP. Therefore, you can settle your vendor's
liabilities to domestic as well as foreign vendors in one payment run. You can include FALSE
multiple company codes from different countries as parameters for a single APP run
4 Select the correct statement from below:

a. You set parameters,schedule a payment run, edit the proposal and print the payment
FALSE
media
a. You set parameters,do payment run,run debit balance check and print the payment
FALSE
media
c. You schedule a payment run, edit the proposal and parameters for printing the
FALSE
payment media
d. You set parameters, accept or edit the proposal, schedule payment run and print
TRUE
payment media
5 You furnish a Run Date along with an Identification when you want to run APP. The
posting TRUE
date of the payment documents can be defaulted from the run date
6 Vendor liabilities of multiple company codes residing in a country can be paid using
a single APP run TRUE
7 The order in which you furnish the payment methods as parameters

a. Has relevance when you execute an APP run
TRUE
b. Has no relevance when you execute an APP run

FALSE
8 Let us assume that your company code is an Indian Company Code. However, your
procurement is always from vendors in the United States of America. Your configuration
of
payment methods in APP
a. Must relate to payment methods adopted in India only TRUE

b. Must relate to payment methods adopted in USA only FALSE
c. can relate to payment methods adopted in India as well as in the USA FALSE
d. Payment method configuration is not mandatory to execute APP FALSE
9 APP cannot be run for customers as it is primarily used for vendor payments FALSE

a. Country specific payment methods form a sub set of company code payment methods
FALSE
b. Company code payment methods form a sub set of country specific payment methods
TRUE
If you intend running APP your configuration settings include

a. All company codes TRUE
b. Paying company code TRUE
c. Country specific payment methods TRUE
d. Company Code specific payment methods TRUE
e. Bank selection TRUE
f. House bank determination TRUE
g. Setting up APP parameters FALSE
h. Debit balance Check FALSE
12 Populating the next posting date as a parameter in APP

a. Prevents you from executing more than one APP run in a day FALSE
b. Optimizes the settlement date considering cash discount benefits TRUE
13 During APP configuration

a. Bank postings and vendor postings should always occur in a single company code
FALSE
b. Bank postings and vendor postings need not always occur in a single company code
TRUE
14 SAP allows cross company code payments to be carried out through APP. However,
manual payments involving cross company code payments is not possible. FALSE
15 You can configure payment tolerance days, discount settings , definition of company
code(s) ,
types of payments allowed and payment method supplements involved in APP. All TRUE
company
codes area is the ideal place for configuring them
16 Details such as minimum amount specifications, BOE specifications, EDI Forms. Texts
etc. are FALSE
always client-specific
17 You have initiated purchases from a new vendor XYZ Enterprises. However, your
payables
clerk was not too sure of the vendor's address and therefore left the related fields blank
(for
subsequent updation upon getting relevant details). You have, in your country specific
APP configuration settings, activated checkboxes relating to all vendors' location details.
Your vendor acknowledges receipt of a check payment made to him through APP
FALSE
18 Country specific payment method settings include details such as document types used
during APP run, permitted currencies and payment programs associated with APP
TRUE
19 A blank in permitted currencies section in settings for country specific payment methods
in APP
indicates
a. APP cannot be executed successfully for want of currency specification FALSE
b. APP can be executed successfully TRUE
20 Amount specifications (minimum and maximum) to be considered in APP can vary from
company code to company code TRUE
21 Various grouping and optimization settings for APP can be configured company code
specifically TRUE
22 Details such as foreign business partners, their house banks and foreign currencies can
be TRUE
accomodated in APP
23 Payment media related forms are always country specific FALSE
Configuration settings of Bank selection includes

a. a preferential order of house banks to be considered for APP TRUE
b. value date specifications TRUE
c. bank amounts available TRUE
d. Bank related GL sub accounts to be updated TRUE
e. Incidental expenses/charges relating to APP TRUE
25 Currency specifications are configured in country specific payment methods. Therefore,

in the bank selection settings, you do not have the choice to define currency/currencies
FALSE
26 You have created a vendor master without specifying House bank details. However, your
APP configuration contains House Bank details. The vendor can never be paid through
FALSE
APP
27 Days until value date, if not configured

a. APP can be executed TRUE
b. APP cannot be executed FALSE
28 Free selections , if selected while maintaining parameters, furnishes additional inclusion

TRUE
/ exclusion options while running APP
29 Payment Blocks
a. can never be set in documents and line items FALSE
b. can never be set in vendor master FALSE
c. may or may not be manually removed TRUE
d. none of the above options is true FALSE
30 The following are editable

a. APP Payment Proposal TRUE
b. APP Payment Run FALSE
c. APP Payment Proposal as well as APP Payment Run FALSE
d. Neither APP Payment Proposal nor APP Payment Run FALSE
31 After running APP payment run, you do not have to run another program for making
automatic
TRUE
GL postings to cash discounts, tax accounts and realized exchange rate gains and losses
32 After an APP run, Header of the related payment and cleared documents get populated
with APP ID and Run date reference TRUE
33 Business Area wise postings is never possible in APP FALSE
34 Each Country-specific payment method has a print program and a minimum of one
variant assigned TRUE
35 The function of the print program is to transfer the payment media, advice notes and
summary to
TRUE
print administration, DME Payment to DME administration and create Idocs for EDI sub
system
36 Payment medium forms can be assigned to company code or to payment methods used
by TRUE
your company code
37 If you use DME, you cannot send the payment medium to the vendor TRUE
38 You must carry out a debit balance check before creating the APP payment proposal
FALSE
39 Any incoming payment without a payment method is taken up for adjustment against
payables TRUE
upon running the debit balance check program
The following reason(s) can throw an exception list when you execute APP
a. Incorrect / Incomplete / Absence of details of House bank TRUE
b. Payment Block in vendor master / document line item(s) TRUE
c. Debit Balance in vendor's account , especially after running debit balance check
TRUE
d. Absence of / Incorrect / Incomplete /Payment method(s) in vendor master and (or)

TRUE
line item
e. APP Run identification details not mentioned in Business Partner's master record
FALSE
f. Vendor's address details configured in APP but missing in Vendor Master TRUE
41 Automating the APP process requires selection variables to take care of time dependent
parameters to run the program periodically and may be scheduled TRUE
TFIN50_PART 2_UNIT 03
1 Dunning is a process which
a. Creates an accounting document and affects the financial statements FALSE
b. Does not create an accounting document but affects the financial statements FALSE
c. Creates an accounting document but does not affect the financial statements FALSE
d. Does not create an accounting document and does not affect the financial statements
TRUE
2 Dunning
a. consists of dunning procedures already pre-defined which stand automatically assigned
to your
business partners' accounts. FALSE
b. is a process in which SAP allows flexibility to users in letting them create dunning
procedures
that are automatically assigned to your business partners' accounts FALSE
c. always consists of a SAP pre-delivered dunning procedure assigned
explicitly by the user to the business partner's master record for it to happen FALSE
d. consists of the use of a SAP pre-delivered / user-created procedure
to be assigned explicitly to the business partner's master record for dunning to happen
TRUE
3 Select the correct statement from below:

a. You set parameters,schedule dunning run, edit the proposal and print dunning notices
TRUE
a. You set parameters,edit the proposal schedule , payment run and print dunning notices
FALSE
c. You schedule a dunning run, edit the proposal and parameters for printing dunning
notices FALSE
d. You set parameters, accept or edit the proposal, schedule payment run and print
payment media FALSE
4 Dunning relates to reminding about receiveables which are overdue. Therefore, dunning
applies to customers only
FALSE
5 Reliance Fresh (RF00) is a company code and Reliance Communications (RC00) is

another both of which belong to a corporate group RELI00. The conglomerate insists on
the use of a uniform
operating chart of accounts by its participant company codes. SAP does not permit
configuration
wherein a customer of RC00 can be dunned by RF00
FALSE
6 Dunning can be configured for
a. Standard transactions only
FALSE
b. Standard and / Special GL transactions
TRUE
7 You have defined a dunning procedure which has a dunning interval of 7 days ( viz.
weekly
dunning). Manipulation of authorization groups and / tolerance limits can help you
override
this limitation thereby allowing you exceptionally to dun accounts (using this procedure)
on daily basis also
FALSE
A Dunning procedure may contain

a. 01 level at the minimum and 10 levels at the most FALSE
b. 01 level at the minimum as well as 01 level at the maximum TRUE
c. Cannot exceed 09 levels TRUE
d. 0 level FALSE
9 Line item grace days is a one time option , if configured, pushes off the dunning date
a. at the first dunning level TRUE

b. at the last dunning level (assuming that the dunning levels is more than one) FALSE
10 Interest procedure defined, if any, in the dunning procedure

a. Updates the GL relating to interest account FALSE
a. Does not update the GL relating to interest account TRUE
11 An account is dunned , if and only if , all the overdue line items in the account are well
past
the minimum days in arrears configured in the dunning procedure FALSE
12 Always Dun is an option in a dunning procedure which allows dunning of an account
a. Even if no dunning procedure is assigned FALSE

b. If a dunning procedure has been assigned to an account but there has not been any
activity change in the account since the last dunning run
TRUE
13 At every dunning level in a dunning procedure, you can set payment deadlines and /
opt to print detailed dunning list of all items in the account
TRUE
14 You may or may not continue to print dunning notice in a legal procedure wherein the
account balance has not changed thereafter
TRUE
15 Your dunning procedure may include currency specific dunning charges that can be
printed
in dunning notices. Limits could be set for each dunning level. However, the dunning
charges limit for each level can be configured as a percentage on the dunned amount
OR as a flat amount
TRUE
16 A Minimum amount OR a minimum percentage cannot be set in your dunning procedure

at each level which determines the dunning level
FALSE
17 If you have configured a minimum percentage and a flat amount as minimum for each
dunning level, then
a. dunning can happen if the lower of the two conditions is complied with FALSE
b. if both conditions are satisfied TRUE
18 The severity of dunning text content usually increases with increase in dunning levels. The
texts may be customized using the Text Tab of the dunning procedure
TRUE
The environment tab in a dunning procedure

a. may let you dun company codewise / dunning areawise. TRUE
b. allows you to define sort fields at header and / line items TRUE
c. can be used for defining dunning block reasons TRUE
d. allow you to define interest applicable and dunning grouping TRUE
e. define dunning keys which help in restrictive dunning TRUE
f. define dunning keys which may determine notices which you need to print separately
TRUE
g. all of the above TRUE
h. allow you to dun Special GL Transactions TRUE
20 Dunning Blocks prevent dunning. They can be set at

a. Account level TRUE
b. Line item level TRUE
c. can be set in the master record TRUE
d. can be set in the document TRUE
21 Account Selection, Dunning line items and Dunning Accounts are the three basic
steps and in that order required for dunning to be carried out TRUE
22 Adjusting Debit line items against credit line items during dunning , either within an
account or
across items between customers who are also vendors and clearing sought between them,
happens on FIFO basis ( viz. oldest debits knocked off against oldest credits)
TRUE
23 Dunning a customer account after considering a vendor account (viz. customer=vendor and
clearing sought) cannot proceed if both the accounts have not been configured with same
dunning procedure TRUE
24 Line items with an incoming payment method

a. are dunned FALSE
b. are not dunned TRUE
25 Line items with an incoming payment method but with a payment block
a. are dunned TRUE
b. are not dunned FALSE
26 The dunning level of the original invoice has no relevance in an invoice related credit
memo FALSE
27 Payment Reminders are

a. dunning at zero level FALSE
b. dunning at Level one in a mulilevel dunning procedure FALSE
c. dunning at level one in a single level dunning procedure TRUE
28 Dunning of cleared items can be carried out exceptionally by customizing the dunning
procedure FALSE
29 Dunning notices can be printed after dunning details are updated in the master and
documents FALSE
30 In a legal procedure, dunning is possible

a. if postings have arisen since the last dunning run TRUE
b. Always dun in legal procedure option is selected TRUE
31 Editing a Dunning Proposal impacts the Accounts and (or) Line items selected in the
proposal for such dunning TRUE
32 Changes to line items / master records relating to dunning impacts the dunning run
covered by
dunning proposal which is pending conversion into dunning notices FALSE
33 One time Accounts can be dunned TRUE
34 Decentralized processing , if selected, gives autonomy to branches for send dunning

notices to individual branches TRUE
35 Cross company code dunning is possible in SAP TRUE

TFIN 50_PART 2_UNITs 04 to 06
1 Correspondence can be triggered
a. Automatically by configuring customer/vendor master records TRUE
b. Online while processing manual payments TRUE
c. During Document creation TRUE
d. Dusing document / balance / line item display TRUE
2 The two steps relating to correspondence are

a. Requesting a correspondence TRUE
b. Printing the correspondence based on the request by spooling TRUE
3 There are many pre-delivered correspondence types

a. You could use them as they are TRUE
b. You could copy and create your own correspondence types TRUE
c. You could create a correspondence type from scratch without copying TRUE
d. None more than the above is possible TRUE
4 Creation of a single correspondence involving cross company code data is

FALSE
impossible in SAP
5 If a correspondence type is user-defined, then it does not require a print program

and its FALSE
variant
6 Every correspondence type

a. Uses a Form ID
TRUE
b. Dispenses with the use of a Form ID if the print program stands assigned to
the
FALSE
correspondence type
7 Call up functions for generating correspondence may be

a. Document Display / Change TRUE
b. Document Entry TRUE
c. Account Editing / Display ( Balance or Line Item) TRUE
d. Manual Payment processing TRUE
8 If multi-line items in a document are assigned different correspondence types
a. You print multiple letters to be sent to the business partner FALSE

b. You do not print multiple letters to be sent to the business partner TRUE
9 Tolerance groups have no role with regard to printing of correspondence FALSE

10 Check cannot be generated in the SAP system if there is no payable item TRUE
11 It is possible to generate checks

a. manually without payment document TRUE
b. manually along with payment document TRUE
c. along with automatic payment program TRUE
12 It is possible to generate payment documents

a. manually without generating check TRUE
b. manually with check generation TRUE
c. along with automatic payment program TRUE
13 A Check contains information relating to

a. House Bank (Bank Key, Account ID, Bank location particulars) TRUE
b. Check recipient (Name and location) TRUE
c. Check related information ( Check number, currency, Amount and related
TRUE
dates)
14 When a check is generated, the check related details are populated in the Paid
document TRUE
and payment document
15 Reason Code(s) are used to void checks which are not to be released TRUE
16 You may reverse a check and the payment document if the payment document is
TRUE
incorrect
17 You may reverse a check but not the payment document if the payment
FALSE
document is incorrect
18 You may reverse a check, the payment document and the paid document in one
FALSE
go
19 Reversing the check does not always go hand in hand with the process of
reversing the TRUE
payment document
20 A check may be voided before printing or after printing TRUE
21 Check register is a place where you can see the status of each check used and /
TRUE
voided
22 You need not reset if you need to reverse the check and the payment document
FALSE
23 APP is an automated solution to perform mass payments. By the same token, a

lock box TRUE
is the solution to automate monetary receipts
24 You are dependent on file information received from your bank if you use the
TRUE
lockbox function
25 Your customer's liability is absolved upon receipt of payment from him/her into
your house bank's lockbox FALSE
26 All collections received in BAI/BAI2 format , converted in to IDOC, ensures

safe clearing of
FALSE
open items in your customer's accounts and clears all line items by debiting the
customer
27 Uncpplied cash receipts is a GL account which must have open item

TRUE
management activated
28 Items covered in a lockbox may be applied in full / applied partially / treated as

on account TRUE
payment received / left unapplied
29 Payment differences arising out of execution of lockbox program ( using BAI2

or EDI format) FALSE
cannot be assigned reason code(s) for immediate write off
FC VALUATION AND
ACCRUALS & DEFERRALS
* More than one option may be correct
1
Closing activities involve
a. Manegerial activities involving CO and FI modules TRUE
b. HR (payroll),MM(stocks and stores),SD(cutomer delivery),AA(Asset Management),
TRUE
AR/AP(management),FI(closure of subledgers)
c. Technical activities namely opening new periods and closing old ones
TRUE
d. Balance confirmations, Regroupings, FC Valuations and Material Valuations TRUE
e. accrual and deferral accounting, depreciation and interest computation TRUE
e. reporting (for external and internal purposes) TRUE
You are not prevented from creating multiple financial statement versions
2 TRUE
for reporting the same data
3 Financial statement versions created

a. applicable clientwide TRUE
b. are not applicable clientwide FALSE
4 Financial statement versions can create drilldown lists, detailed lists and structured lists TRUE
You can determine the hierarchy of GL account listing and may also refrain from
5 TRUE
assigning some GL accounts from reporting
6 P&L Result is derived from the balance of all assigned accounts TRUE
7 Unassigned items may be listed as Notes to financial statements TRUE
8 Nesting of GL items while SAP reporting is resticted to a maximum hierarchical level

a. 12 FALSE
b. 15 FALSE
c. 20 TRUE
d. no restrictions FALSE
9 Balance of a GL account
a. is reportable selectively (i.e. debit only or credit only) TRUE
b. is reportable unmindful of whether it is debit or credit TRUE
Revenue and Expense Accounts are carried forward to a new fiscal year using the
10 FALSE
Balance carry forward program
11 Balance confirmation program applies to

a. customers only FALSE
b. vendors only FALSE
c. customers as well as vendors TRUE
d. To Nobody FALSE
A control center such as the internal audit department monitors balance confirmations
12 and the TRUE
related responses received from customers and / vendors
13 Pick out the correct statements

a. Balance confirmation(s) is / are possible TRUE
b. Balance request(s) is / are possible TRUE
c. Balance notification(s) is / are possible TRUE
d. All the above TRUE
14 Let us suppose you are sending a customer / vendor balance confirmation.

a. you may print error lists TRUE
b. you may print a confirmation list TRUE
c. you may print checklists and logs TRUE
d. you may print a results table and parameter list TRUE
Foreign currency valuation should not be performed on cleared business partner related
15 TRUE
items
Any GL balance sheet account/AR/AP account maintained in foreign currency is

16 capable of being TRUE
revalued (if there are GL Balances or Open items available)
A valuation method adopted for FC Valuation allows you to select one of the valuation
17
procedure defiined in it. The procedures are
a. lowest value TRUE
b. strict lowest value TRUE
c. always valuate TRUE
e. revalue only TRUE
Account determination involving expense, revenue and balance sheet adjustment

18 accounts TRUE
help in fair disclosure of accounts pertaining to foreign currency valuation
19 FC Valuation
a. can make an adjustment posting on a keydate which can be
TRUE
automatically reversed on key date +1
b. can make an adjustment posting on a keydate which need not be
TRUE
automatically reversed on key date +1
20 Exchange Rate type used for FC Valuation is freely definable by the user TRUE
Individual Value Adjustment for Customer dues can be done with or without using
21 Special TRUE
GL indicator "E"
Account determination for IVA adjustment involves the creation of an Expense account
22 or FALSE
a Balance Sheet Adjustment Account
It is possible to assign a value adjustment key to a customer master record to quantify

23 the TRUE
overdue days and a related percentage for provisioning the IVA
The IVA value arising out of a valuation run during year end is usally reversed on the
24 TRUE
first day of the next fiscal year
A detailed log report furnishes dataset pertaining to IVA adjustment made using a
25 TRUE
valuation run is possible.
Receivables and Payables are regrouped to separate default customer balances from
26 non TRUE
default balances (i.e. vendorlike customer balances)
27 Receivables and payables in vendor balances cannot be regrouped FALSE
28 Customer and Vendor balances can be reclassified based on remaining life TRUE
29 Regroupings carried out on a keydate cannot be reversed on the next date FALSE
30 Reconciliation accounts can be changed during mid year TRUE
SAP reports are always pre-delivered and you can never create your own report
29
structures
Account determination for reclassification involves the creation of an

31 FALSE
Expense/Revenue account and a Balance Sheet Adjustment Account
You use the trading partner field for regrouping all open items of customers who are
32 TRUE
also vendors
A Reconciliation ledger helps to sort out differences between FI and CO which uses
33 intermediary TRUE
clearing accounts managed on open item basis if you are using classical G L
34 Accrual and / Deferral documents ensure accounting in appropriate periods TRUE
35 A recurring entry program in SAP relates to accruals and / deferrals TRUE
36 Accrual and / Reversal documents are not reversible FALSE
Accrual engine is a tool for performing automated accruals which employs user-defined
37 FALSE
application components
An Accrual involves a.creation of an accrual object and the start of a periodic run or
38 TRUE
reversal run
39 An accrual engine is a good substitute for recurring entry program TRUE
Simulations and Parallel accounting / reporting are additional features accompanying

40 TRUE
an automatic accrual
An extensive information system in the accrual engine allows different tiers of

41 summarization of TRUE
accrued items
42 The following configuration is necessary for automatic accrual to happen

a. Assignment of application component to company code(s) and
TRUE
to pre-defined accounting pricnciples
b. keeping the related fiscal year and posting periods open TRUE
43 Closing activities do not have an impact on accrual objects FALSE
44 A collection of accrual objects is called an accrual object category TRUE
Every accrual in the engine requires definition of a frequency and the level of
45 TRUE
summarization
Balance audit trail , as required, is maintained historically based on posting dates and
46 TRUE
periods
Open item balance audit trail is an audit trail which uses reconciliation account(s)
47 TRUE
regarding open items/cleared items
ASSET ACCOUNTING
Qstn.No. Question ANSWERS
1 Asset Accounting Component in SAP uses a Chart of Depreciation
which
a. can be copied from an existing Chart of Depreciation TRUE
b. can be created from scratch without using Copy method FALSE
2 A Chart of Depreciation is
a. Industry Specific FALSE
b. Country Specific TRUE
c. Both Country Specific and Industry Specific FALSE
d. none of the above FALSE
3 Each Asset Accounting Company Code uses

a. One Chart of Accounts and One Chart of Depreciation TRUE
b. One Chart of Accounts and Multiple Charts of Depreciation FALSE
c. One Chart of Depreciation but no Chart of Accounts FALSE
d. One Chart of Accounts but no Chart of Depreciation FALSE
4 Chart of Accounts and Chart of Depreciation is defined at
a. Company Code level so that they can be shared across all company FALSE
codes within a country
b. Client Level so that any company code within a country can use them TRUE
c. Asset Class level so that Asset accounting is possible FALSE
d. Company code level so that only one company code can use them FALSE
5 Depreciation Areas are two digit numeric Keys which help in TRUE
Depreciation Computation and Asset Valuation
6 The following actions are possible:

a. Creation of new depreciation areas even after producive start of the TRUE
sytem
b. Deletion of existing depreciation areas after population of Master / FALSE
Transaction Data
7 Multiple options are available regarding Posting or otherwise of TRUE
Asset Values
and Depreciation to the General Ledger(Post APC/ Post
Depreciation/ Do not Post/ Post Real Time/ Post Periodically)
8 Separate Depreciation Areas can be maintained for displaying TRUE

transaction figures in different currencies
9 Multiple version(s) of Financial Statement(s) can be created for TRUE

reporting Asset and Depreciation Values in
different Depreciation Areas for different purposes
10 Asset Classes help you in structuring Fixed Assets. Each Asset Class TRUE
comprises a Master Data Section and
a Valuation Section
11 Asset Master Records can be created using an Asset Class TRUE

or by using a Reference Asset already created.
12 An Asset Class
a. Helps in the creation of Asset Master Records TRUE
b. Responsible for Asset Master Numbering TRUE
c. Controls the design and screen lay out relating to Assets TRUE
d. Serves a bridge between the Chart of Accounts and Chart of TRUE
Depreciation using Account Determination
e. groups assets of a similar kind TRUE
13 An Asset Class has to be assigned to a

a. Chart of Accounts FALSE
b. Chart of Depreciation TRUE
c. Company Code FALSE
d. All of the above FALSE
e. None of the above ( viz. a,b,c) FALSE
14 Asset Numbering can be External or Internal TRUE
15 Asset Sub numbers used can never be External FALSE

16 Assets can have three Maintenance Levels namely a. Class Level b.
Main Number Level c. Sub number level.
a. Asset Class Level is the most rigid level (allowing minimal changes to TRUE
data) and Sub number level
is the least rigid level permitting maximum flexibility to change data
b. Sub number Level is the most rigid level (allowing minimal changes to FALSE
data) and Asset Class level
is the least rigid level permitting maximum flexibility to change data
17 Which of the following statements are correct?

a. An asset mastered under the class AUC depreciates assets FALSE
immediately on acquistion
b. Default Depreciation Key inherited from the Asset class cannot be FALSE
changed in the Asset Master Record
c. LVA represents an asset class which writes off the asset value in full TRUE
(subject to a pre-configured monetary maximum value) upon acquisition
of the Asset
d. LVA Assets require a Distribution Rule for Settling Line items of Asset FALSE
Records constructed
18 Which of the following statements are correct?

a. A single account determination key can be used for different asset TRUE
classes
by a Company Code if the Chart of Accounts and General Ledger
Accounts used are the same
b. Different Chart of Accounts,used by different Company Codes, can use TRUE
a single Account
Determination Key
19 Account Determination is responsible for updating Asset Values, TRUE

Depreciation Values , related expenses and income in the Balance
Sheet and Profit and Loss Account of a Company Code
20 Interest can also be posted, if needed, along with depreciation while TRUE
posting asset related transactions
21 Time Dependent Data in an Asset Master record is used for updating TRUE
details such as Cost center, Shift factor, Asset Shut down etc
22 Spell out the correct statements
a. AP integrated Asset Acquistion updates Asset & Payables subledgers TRUE
and updates the Asset Reconciliation
and Vendor Reconciliation Accounts in the General Ledger
b. Asset Acquisition involving Materials Management comprises TRUE

generation of Purchase Order, Goods Receipt Note,
Accounting Vendor Invoice and Asset followed by settlement of Vendor
liability
c. Acquisition of Asset can also be made using a clearing account if Asset TRUE
is received
and Vendor Invoice is received later or vice versa
23 There are many Transaction Types which determine the nature of TRUE
asset related transaction
such as Acquisition, Retirement, Transfer etc.(indicating GL
Accounts,Depn.Areas and Value fields affected)
24 Asset Value Date is primarily responsible for determining the a) date TRUE
of capitalization ( for asset acquired)
and date of retirement (for an asset retired)
25 Asset Value Date is primarily responsible for determining the date TRUE
for start of depreciation relating to an asset
26 A Valuated Goods Receipt posts asset values upon receipt of the asset TRUE
whereas a non-valuated Goods Receipt posts values upon receipt of
Vendor Invoice
27 The following statements are true

a. Asset Retirement can be partial or complete TRUE
b. Assets can be retired by Scrapping or through Sales TRUE
c. Assets can be retired using customer account TRUE
d. Assets can be retired without using customer account TRUE
28 Revenue arising from Sale of an Asset is shown in the notes to TRUE

Financial Statement
29 Asset Transfers can be Intra - Company or Inter - Company TRUE
30 Different Transfer Variants are available for carrying out Asset TRUE
Transfers
31 The methods of Transfer available are a. Gross b. Net c. New Value TRUE
32 Intra-company Transfer requires Sale Revenue to be posted by the FALSE

user
33 Depreciation areas in different company codes using different TRUE

different keys but with the same functionality
can be mapped using cross depreciation areas
34 Assets Under Construction require settlement receiver assets which TRUE

are depreciable after such settlement
35 Settlement of Line Items in an AUC is not impossible with a TRUE

distribution rule created for the purpose
36 Depreciation arising in the event of unforeseen events such as theft

and / accident is called
a. Special Depreciation FALSE
b. Unplanned Depreciation TRUE
37 An FI Document is always created when depreciation is planned / TRUE

Unplanned Depreciation is entered
38 A depreciation key comprises one or more internal calculation

methods such as
a. Base method TRUE
b. Declining Balance Method TRUE
c. Maximum Amount Method TRUE
d. Multilevel Method TRUE
e. Period Control Method TRUE
39 The Depreciation Run Program used in the current SAP Version is
a. RABUCH00 FALSE
b.RAPOST2000 TRUE
40 Integration of Asset Accounting is possible with Assignment Objects
such as
a. Cost Center TRUE
b. Internal Order TRUE
c. WBS Element TRUE
d. Activity Type TRUE
e. other objects such as Real Estate, Public Sector Management TRUE
41 Asset Explorer is a tool from which you can navigate to
a. Cost Center assigned to an asset TRUE

b. General Ledger Master Affecting the Asset TRUE
c. Purchase Order (if asset acquired using MM integration) TRUE
d. FI Document (if a transaction has been posted to the assset) TRUE
42 Simulation of various asset related parameters can be made for an TRUE

asset by
using the Simulate Button in the Asset Explorer
43 Simulation of all Assets is used in a single go using the
a. Asset Explorer FALSE

b. Report available in the Information System Folder TRUE
44 An Asset History Sheet is a comprehensive report detailing all TRUE

particulars of an Asset
TFIN52_UNITS 06,07&08
1 Reports in SAP can be accessed from the node Information Systems
a. There are three separate nodes available in each area, one for GL, one for AR and one
TRUE
for AP.
b. Reports relating to GL, AR and AP can be accessed from the information system
folder
TRUE
or by navigating via System>Services> Reporting and furnishing a Report name for
execution
Each report in SAP has a name and the user can access the report by specifying the
2 TRUE
report name
3 While generating reports , if you choose dynamic selections

a. you select additional fields which do not feature in standard reports TRUE
b. you select more than one report to combine for complex report-generation FALSE
Reporting can be for single value or a range comprising more values. However,
4 exclusion FALSE
of a single value / a range of values in a report is not possible
5 Sorting and / Summarization options are available with each report generated TRUE
6 User-created selection variables

a. support multiple and / range(s) related criteria for one or more report (s) TRUE
b. do not support multiple and / range(s) related criteria for one or more report (s) FALSE
7 Selection variants
a. Must be used for reporting by default FALSE
b. May be used over and above the default features using reusable parameters in a
TRUE
report
8 Pick the correct statement(s)

a.TVARV relates to table variables which can be defined by users for reusable
TRUE
parameters
b. Dynamic date selection relates to date related variables which must be selected by
users for TRUE
reusable parameters
9 Dynamic date selection datasets can be

a. created by users FALSE
b. are always selected from SAP pre-defined sets TRUE
10 Abap List Viewer Reports allow users to

a. Sort data based on fields (ascending / descending) TRUE
b. Filter data based on user-specified criteria TRUE
c. Created summation series at main and / sublevels TRUE
d. Add / delete field(s) for reporting TRUE
e. Make individual / mass change(s) to data TRUE
11 ALV Classical list is designed for Internet viewing and Gridlist is for Printing FALSE
12 Use of parameter Ids and / saved Layouts use pre-designed reports for re-use,by default TRUE
13 Use of Worlists (OB55) do not help you activate / deactivate fields as desired by you FALSE
14 While there are pre-defined reports in SAP, you can also design your own reports TRUE

a.Open item listing uses keydate as a parameter TRUE
b. Cleared items must be viewed by specifying a single clearing date and a range of
keydates FALSE
on which the items were open
c. All items are viewed by furnishing a keydate as parameter FALSE
d. All items are viewed by furnishing a posting date / a range of posting date as
TRUE
parameters
Let us suppose you are viewing customer / vendor line items.Apart from viewing usual
16
open/cleared/all items
a. you may view noted items and / Spl.GL items TRUE
b. you may view customer and vendor line items in a single screen TRUE
c. you may view parked and held items though they do not update the GL FALSE
17 Status of each line item can be identified through colored iconic symbols TRUE
18 Separate icons exist for identifying

a. open / cleared /posted items TRUE
b. not due / due / overdue items TRUE
c. parked / held items FALSE
d. all options are possible FALSE
Cross functional application area wise tracing of a document is rendered possible by

19 using a TRUE
suitable sort key which populates the assignment field (18 char / 4 fields) accordingly
User specific report lay outs created for reports are named by prefixing with a forward
20 FALSE
slash
21 SAP uses thirdparty software for supporting the creation of drilldown lists FALSE
22 A form is a container and it becomes a report when it is populated with data TRUE
23 A Characteristic along with a characteristic value qualifies as an object fit for reporting TRUE
Balance display, Line item display and Keyfigure reports are the various reporting
24 options TRUE
available in SAP
Quantities and Values in SAP are characteristic values while keyfigures are formulas
25 generated FALSE
using quantities and values
Detailed report furnishes dataset pertaining to an object whereas drilldown report may
26 TRUE
show information on multiple objects
Keyfigures appearing in a report cannot be defined in a related form because a form is a

27 FALSE
container
The options available in SAP are the ability to generate a. One Axis (with or without
28 keyfigure) TRUE
and b. Matrix reports (also known as two axis reports)
SAP reports are always pre-delivered and you can never create your own report
29 FALSE
structures
TFIN52_UNIT 09
Customer and Vendor Accounts are handled in detail (line itemwise) using sub
ledgers.
1 TRUE
However, a summarized balance of all such transactions stands posted from the
sub ledgers into specialized general ledger accounts known as reconciliation accounts
General Ledger accounts created for accounting summarized balances of Customer

and/
2
vendor transactions are defined as reconciliation accounts. You make a General
Ledger account as a Reconciliation Account at
a. At client level FALSE

b. At company code level
TRUE

3
The following Account Types can be defined in the GL as Reconciliation Accounts
a. D - Sundry Debtors TRUE

b. K - Sundry Creditors TRUE
c. C - Current Assets ( involving Cash, Bank and inventories) FALSE
d. A - Fixed Assets TRUE
e. V - Contracts TRUE
f. S - Any General Ledger Account (affecting the P & L account) FALSE
g. + - All Account which can be defined in SAP FALSE
h. None of the above FALSE
The Reconcilation Account is mapped to the Business Partner

4
( customer / vendor, as the case may be) in the sub ledger
a. in the General data section of the business partner master record FALSE
b. in the company code section of the business partner master record TRUE
Alternative reconciliation Accounts in lieu of usual reconciliation Accounts are

created in the General Ledger as temporary storage locations and used under
5 TRUE
special circumstances. Transactions relating to such special transactions are
called as Special GL transactions
Usual transactions are represented by a single character indicator to differentiate

6 FALSE
such transactions from Special GL transactions
* More than one option may be correct
An alternative reconciliation Account is

a. created as an asset if it is created for accounting down payment receipts from
FALSE
customers
b. created as a liability if it is created for accounting down payment receipts from
TRUE
customers
c. created as an asset if it is created for accounting down payments made to vendors TRUE
d. created as a liability if it is created for accounting down payments made to vendors FALSE
e. created can never be an asset / liability as they are Expense / Revenue Accounts FALSE

8
The class to which a special GL Transaction may belong to can be
a. Down Payment TRUE
b. Bill of Exchange TRUE
c. Other Transaction TRUE

9
The type to which a special GL Transaction may belong to can be
a. Down Payment FALSE
b. Automatic Offsetting Entry TRUE
c. Bill of Exchange FALSE
d. Noted item TRUE
e. Free Offsetting Entry TRUE
f. Other Transaction FALSE
g. all of the above FALSE
h. none of the above FALSE
10 Automatic Offsetting entries

a. Update account balances thereby making an accounting impact FALSE
a. Carry no accounting impact as they are usually shown as notes to the Balance
TRUE
Sheet

11
a. Noted items are special GL items which update your profit and loss account only FALSE
b. Automatic offsetting entries can be called as statistical items
TRUE
c. Noted items do not follow double entry principle and therefore do not carry
accounting significance; instead, they are used user-friendly reminders which do
TRUE
not
update your General ledger
d. Free offsetting entries impact customer/ vendor balances and affect your
TRUE
Cash and / Bank Balances
e. Automatic offsetting entries follow double entry but do not update GL balances TRUE
12 Special GL transactions which appear as requests are

a. statistical entries FALSE
b. noted items TRUE
c. free offsetting entries FALSE
d. all the above FALSE
e. none of the above FALSE
Special GL transactions such as Guarantees etc. have no accounting impact (despite

13 using TRUE
double entry principle) and are called automatic offsetting entries
14 A typical example of free offsetting entry, impacting accounts, would be

a. Down Payment Requests and / Bills of Exchange Requests FALSE
b. Down Payments Made and / Down payments Received TRUE
One of the default values in SAP is Zero Balance Check made by the system. In
other words, a document cannot be posted until and unless the debit and credit
amounts
15 FALSE
entered in the document match and the net difference is Zero.
There is no exception to this default value
Customer and / Vendor Line items which are noted items, like held documents ,
16 cannot FALSE
be viewed since noted items are single entry items
You would have observed that Customer and / Vendor Reconciliation Accounts do
17 not have line item display. Alternative Reconciliation Accounts follow the same FALSE
principle.
Noted items and Statistical items can be viewed as line items. However, there is no
18 TRUE
way in which you can see transaction figures for such items.
Pick out the correct one from the following statements.

19
The sequence of events in a customer down payment is as follows:
a. Post the Invoice, Book Down Payment, Generate Down payment Request,
FALSE
Clear the down payment and finally clear the invoice through account clearing
b. Book Down Payment, Generate Down payment Request, Post the Invoice,
Clear the down payment and finally clear the down payment request using account FALSE
clearing
c. Generate Down Payment Request, Book Down Payment, Clear Down Payment,
FALSE
Book Invoice and finally do an account clearing
d. Generate Down payment Request, Book Down Payment, Book the Invoice, Clear
TRUE
Down Payment and finally clear the invoice through account clearing
20 The sequence of events in a vendor down payment is

a. in the reverse sequence as compared to the earlier question FALSE
b. in the same sequence as mentioned in the earlier question TRUE
Individual Value Adjustment in SAP relates to the provisioning of Doubtful debts

which
21 TRUE
you fear your customers might not pay. IVA can be quantified using Special GL
transaction with a special GL Indicator "E"
IVA is created by debiting an Expense Account (for IVA) and crediting a Liability
Account ( which serves as an alternative reconciliation account). If the provision is
not
required, it may be reversed subsequently. On the other hand, if the provisioned
22 TRUE
liability
turns out to be bad then you could reverse the customer due (using the regular
reconciliation
account) by charging off to an expense account meant for write off of bad debts.
Guarantee related Special GL Transactions use a special GL Indicator "G". The initial
entry
is made debiting guarantee account and crediting a liability account ( a clearing
23 TRUE
account) and
the entry is reversed when the guarantee stands settled / guarantee is no longer
required.
When you use Bills Receivable ( with Special GL Indicator "W"), you transfer the
balance
24 FALSE
from alternative reconciliation account to normal reconciliation account and knock off
the collection on the due date against this reconciliation account
25 Pick out the correct statement from the following

a. SAP uses posting keys 01,11,21 and 31 for denoting customer and / vendor related
FALSE
special GL Transactions
b. SAP uses posting keys 09,19,29 and 39 for denoting customer and / vendor related
TRUE
special GL Transactions
Use of Special GL Indicator is not necessary if you use posting keys which are
26 FALSE
earmarked exclusively for handling Special GL Transactions
Pre-defined Posting Keys for Special GL Transactions exist in SAP

27 TRUE
Sort Keys, Line item display and Field Status Group G031 are configured for
28 TRUE
alternative reconciliation accounts created for down payments
Special GL Indicators are one character identifiers each of which denotes a specific
29 kind TRUE
of Special GL Transaction.
Special GL Indicators are pre-defined in SAP and therefore you cannot

30 FALSE
define your own indicators.
Account Determination for Each Account Type ( D/ K / Others) relates to the

mapping of
31 alternative reconciliation account in place of the usual reconciliation account for TRUE
handling
Special GL Transactions
Payment Requests using a special indicator need to be converted to down payments.

32 Configuration of a Target Special GL indicator helps you achieve this purpose. But FALSE
this cannot be done for converting noted items.
33 Configuring the Check box "Noted items" ensure that Accounts are updated FALSE
Credit Limit Check can be configured for Customers. However, this does not apply to
34 TRUE
noted items
Configuring Warning Against Commitments pops up information about pre-existing

35 TRUE
down payments when you post business partner invoices
36 You can configure Special GL Transaction class from the IMG TRUE
HOLD/PARK DOCUMENTS
1 Incomplete documents in SAP can be
a. Held TRUE
b. Parked
TRUE

a. Hold and Park applies to all accounts such as Customer, Vendor and GL
TRUE
Accounts
b. Held and Parked Documents may be posted subsequently TRUE
c. Held and Parked Documents may be deleted TRUE
d. Held and Parked Documents can be deleted upon posting FALSE

3
Check the validity of the following statements
a. Transaction figures (Balances and Line items) of held items can be viewed FALSE
b. Line items of parked items can be viewed TRUE
c. Held items and parked items update balances in Balance sheet and / P & L
FALSE
Statement
d. Document Number assignment (internal or external, as configured) is possible

FALSE
immediately on holding a document
d. Document Number assignment (internal or external, as configured) is possible

TRUE
immediately on parking a document
A parked document is assigned Z status by the system upon deletion and the
4 document TRUE
number is lost for ever
When you view a parked document which was deleted you find that it contains
5 those line items FALSE
which were entered prior to parking
You are aware that many fields such as amount,GL Account etc. are not
6 changeable. TRUE
However, these change rules do not apply while parking documents.
Fields such as Currency, Document Number, Company code etc. are subsequently
7 FALSE
editable with respect to documents which are already parked
Assignment of document number (external or internal, as per configuration) is not
8 TRUE
possible when a document is held
Let us assume that a document was parked during January 2009. Subsequently the
posting
9 FALSE
period 01 of fiscal year 2009 ( company code uses calendar year as fiscal year) was
closed. The parked document cannot be posted and hence has to be deleted

a. Upon posting , a held document/ parked document ceases to be held/parked , as
the case TRUE
may be
b. The user can assign a free identifier while holding a document TRUE
Documents are parked in real time by the user who enters the document which may
be posted/
11 deleted by another user who is empowered to authorize. Therefore, parking TRUE
documents offer
better internal check control through dual /multi level control.
Substitution rules do not apply to parked documents whereas such rules can be used
12 in TRUE
while posting regular documents
13 Cross company code transaction related documents cannot be parked FALSE
The system assigns a different number while you post a parked document thereby
14 discarding FALSE
the earlier number assigned to such document during document parking
A Workflow defines details of tasks and the sequence in which they have to be
carried out
15 TRUE
apart from specifying the users who are authorized designatories and other similar
things
A Work flow can be defined as a variant which is one of the global parameters
16 TRUE
and can be assigned to company codes
Workflow templates may be offered by the system or alternatively they can be

17 created TRUE
by users also
NEW GENERAL LEDGER
Part 1
Qstn.
Question Answers
No.
1 Pick out the correct Statements from the following:
The benefits of activating New General Ledger are:
a. Standard Enhancement of the GL with additional fields TRUE
b. Financial Reporting using Characteristics relating in document splitting TRUE
c. Segment Reporting as required TRUE
d. Realtime integration between FI and CO Modules with Bi-directional Navigation
TRUE
e. Fast Close ( of period end ) and compliance with various accounting standards TRUE
f. Transparency and Consistency in Accounting TRUE
g. Legal and Management Reporting TRUE
h. Parallel Accounting TRUE
2 Pick out the correct Statements from the following:

The GL Totals Table in the New General Ledger is called as
a. GLT0 FALSE
b. COFIT FALSE
c. FAGLFLEXT TRUE
d. GLPCT FALSE
e. GLFUNCT FALSE
3 User Interface Screen for Data Entry/ Posting in the New General Ledger has
undergone a radical change as FALSE
compared to its earlier counterpart in the Classic General Ledger
4 New General Ledger does not contain functions of the Special Ledger FALSE
5 Activation of New General Ledger brings out an initial

a. Client-wide change TRUE
b. Company Code level change only FALSE
c. both levels which are not changeable FALSE
d. no change at all FALSE
6 RFAGL_SWAP_IMG_OLD is a TCode which

a. Resets your company code to re-activate classic General Ledger and de-activate New
FALSE
General Ledger
b. Re-designs the Implementation Guide with New Menus and Paths TRUE
c. De-Activates some Menus and Paths in the Implementation Guide TRUE
d. Customizes the IMG screen as desired by the user (using user settings) FALSE
7 The New General Ledger Concept always requires a Leading Ledger and Multiple Non-
FALSE
Leading Ledgers
8 New General Ledger is pre-delivered as an Active Component
a. in Existing SAP Installations FALSE
b. New Installations TRUE
9 If Multiple Ledgers are used, then it is mandatory that the Currencies, Fiscal Year and
Posting Period Variants adopted by them cannot vary from the ones defined in the FALSE
Leading Ledger
10 Additional Standard Fields included in the New General Ledger are

a. Cost Center TRUE
b. Profit Center TRUE
c. Segment TRUE
d. None of the above FALSE
11 While activating the New General Ledger,Additional Customizable fields

FALSE
can not be added to extend the Structure of the General Ledger
12 Scenarios define the additional fields which get populated with values while posting a
transaction using TRUE
New General Ledger
13 The following Scenarios have been defined and pre-delivered by SAP from which you
may select one or more
a. Cost Center Update TRUE
b. Profit Center Update TRUE
c. Business Area Update TRUE
d. Segment Update TRUE
e. Functional Area Update TRUE
f. Consolidation Update TRUE
g. Credit Control Area Update FALSE
h. Asset Master Update FALSE
14 Scenario Assignment is customizable ( that is , you can form your own scenarios for
FALSE
additional customized reporting )
15 Each Scenario does not necessarily require a separate General Ledger TRUE
16 If New General Ledger is Active, a document can be viewed in

a. Entry View TRUE
b. General Ledger View TRUE
c. One of the two above at a time TRUE
d. Both Views at a time FALSE

a. Profit Center and Functional Area are assigned to a Cost Center TRUE
b. Segment can be assigned to a Profit Center TRUE
c. FAGL_DERIVE_SEGMENT is an optional Business Add-in to derive a Segment TRUE
18 If a given scenario is not assigned, then the related characteristic cannot be updated
TRUE
during document splitting
19 Document Split is a Process which facilitates entity/ characteristic oriented reporting

TRUE
20 A document Split can be viewed with split up details of line items by accessing the
document in the Sub Ledger FALSE
using Tcodes FBL1N (vendor line items) and FBL5N (Customer line items)
21 Activation of the following indicator ensures that the debits and credits of line item in
the document match
not only at the document level but also at the Scenario level
a. Mandatory Field FALSE
b. Inheritance FALSE
c. Zero Balance TRUE
d. Item Category FALSE
22 Pick out the correct Statement from below:

a. A Passive split should be preceded by an Active Split TRUE
b. An Active split should be preceded by a Passive Split FALSE
c. Manual Reposting is not possible if you have not defined clearing accounts TRUE
d. It does not matter if Passive Split precedes or vice versa FALSE
23 Pick out the correct Statement from below:

Document splitting is not possible without
a. Document splitting Method TRUE
b. Document splitting Rule TRUE
24 If you do not use Inheritance, you need to define rules for your business process to
ensure that Standard Account TRUE
Assignment objects are projected adequately to achieve zero balance setting
25 Pick out the correct Statement from below:( Assumption: More than one scenario is
assigned)
a. Zero Balance Setting needs to be activated for each Scenario desired for split reporting
TRUE
b. A single Zero Balance Setting is sufficient for all Characteristics desired for split reporting
FALSE
c. Mandatory Field needs to be activated for each Scenario desired for split reporting
TRUE
d. A single Mandatory Field Setting is sufficient for all Scenarios desired for split reporting
FALSE
26 The Mandatory field is an extension of the Field Status for line items which require
data in some fields which cannot be
TRUE
entered manually. Besides, this field also checks for the availability of a suitable
document splitting Rule
27 Document Splitting Activation is

a. managed clientwide and must remain so FALSE
b. managed clientwide but can be controlled subsequently at company code level
TRUE
28 A Document Type is usually translated in terms of a Business Transaction and a

Business Transaction Variant TRUE
to achieve or otherwise a document split
29 A Business Transaction (Pre-defined in SAP) is a breakdown of the

TRUE
general business process into a wide variety of item categories
30 A Business Transaction Variant is a specific version of the Business Transaction used

TRUE
for document splitting
31 Every posted line item in a document is represented as an Item Category TRUE
32 A document splitting rule defines the item categories which are capable of undergoing a
split and also defines
TRUE
one of the item categories as Base Item category which determines the basis of
document split
33 Document Splitting can be achieved for Vendor related transactions as well as

TRUE
Customer related transactions
34 In FI-AA module, assignment of characteristics such as Profit Center and Segment

TRUE
cannot be assigned to the Asset Master Record directly
35 In Asset Accounting , maintanance of Active Account Assignment Types is possible for

Active Account Assignment TRUE
objects only.
36 Real-time integration between CO-FI, and in that order, is an additional benefit offered
by New General Ledger and
TRUE
this faciliatates bi-directional navigation between FI and CO for realtime reconciliation
purposes
37 Use of a Reconciliation Ledger between FI and Co modules is necessary if New General

FALSE
Ledger is active
38 Defining a realtime integration Variant and assignment of the same to your company
code helps in realtime integration TRUE
between FI and CO Modules
39 A Trace can be activated in the Realtime integration variant at client level which
TRUE
generates many log entries
40 FAGLCOFITRACEADMIN is the TCode for activating the FI-CO Trace TRUE
41 Bi-directional traceability between FI and CO is possible at document level using

follow-on documents created by the system TRUE
42 The following usual periodic tasks are still possible ( of course , with slight modification
)
using New General Ledger
a. Balance Carry Forward in FI TRUE
b. Reclassification and Regrouping of Receivables and Payables TRUE
c. Flat Rate Individual Value Adjustment TRUE
43 SAPF100 , a program to carry out Foreign currency Valuation , is executable

FALSE
even after activating the New General Ledger
44 Defining a Valuation Area and Valuation Method are pre-requisites for carrying out a
Foreign Currency Valuation Run TRUE
using the New General Ledger
45 In the New General Ledger, FAGL_FC_VALUATION is the program which stands as a

TRUE
replacement to SAPF100
46 Flexible Drill down Reporting based on charecteristics activated is the additional

advantage of using the New TRUE
General Ledger
47 In the New General Ledger, Line item display is possible for a General Ledger Account
for which the Line item TRUE
display has not been activated in the related Master Record
48 Transaction FGI0 displays a list of defined program variants for executing many
TRUE
drilldown reports
PART 2
1 Pick out the correct options
Activation of the New General Ledger offers the following options
a. Legal and Management Reporting TRUE
b. Financial Reporting using characteristics TRUE
c. Parallel Accounting TRUE
d. Segment Reporting TRUE
e.Realtime integration between CO and FI TRUE
f. Segment Reporting TRUE
g. Accelerated Period end closing TRUE
h.Transparency and Consistency TRUE
i. Easier Asset Management FALSE
j. Simpler Credit Management FALSE
2 The Totals Table in New General Ledger is represented by

a. GLT0 FALSE
b. FAGLFLEXT TRUE
3 User Interface for data entry in the New General Ledger is the same as before TRUE
4 Pick out the Correct statements

a. New installations of SAP have New General Ledger Activated by default TRUE
b. Existing installations of SAP have New General Ledger Component as an Option TRUE
5 Activation of New General Ledger (using FAGL_ACTIVATION) in an existing SAP

installation results in Client-wide activation with changes to menus and paths
TRUE
6 The TCode for hiding the old Financial Accounting Paths is called
a. RFAGL_SWAP_IMG_OLD TRUE
b. RFAGL_SWAP_IMG_NEW FALSE
7 With New General Ledger activation

a. you always use a leading ledger with one or more non-leading ledgers FALSE
b. you use non-leading ledgers only FALSE
c. you use one leading ledger with or without one or more non-leading ledgers TRUE
d. you use the classical general ledger FALSE
8 If you decide to use non-leading ledger(s), you have the option of choosing Fiscal Year
variant and / currencies which may differ from those assigned to the leading ledger
TRUE
9 Additional Standard Fields available for updation in the New General Ledger are
a. Cost Center TRUE
b. Profit Center TRUE
c. Segment TRUE
d. User-defined fields, if any TRUE
10 Additional fields for updation in the New General Ledger are called Scenarios TRUE
11 Apart from the six pre-defined scenarios (Cost Center,Profit Center,Business Area,
Segment,Functional Area and Consolidation), you can define your own scenarios
FALSE
12 The entry view of the General Ledger appears the way data is entered and as reflected
in the subkedgers whereas the General Ledger View portrays a view of how a document
TRUE
appears in the General Ledger only
13 It is mandatory that each scenario uses a separate General Ledger FALSE
14 A Segment
a. may be assigned to a Profit Center TRUE
b. may be assigned to a Cost Center FALSE
c. may be derived using a Business Add-in (FAGL_DERIVE_SEGMENT) TRUE
d. may be assigned to a Document Type FALSE
15 Non Assignment of a Scenario makes inheritance of related fields impossible TRUE
16 Scenario Assignment is not sufficient to effect Zero Balance Setting for the related entity TRUE
17 Document Splitting may be

a. active TRUE
b. passive TRUE
18 Reposting of Line items results in the formation of additional clearing line items TRUE
19 Document Splitting is supported by

a. inheritance (performed at line item level and online) TRUE
b. default account assignment TRUE
20 Entity balancing is supported by the Zero Balance indicator pertaining to the entity TRUE
21 Mandatory Field activation is not only an extension of the field status but also a check
to ensure that a valid document splitting rule is available TRUE
22 Document Splitting activated clientwide , by default , can be tailored down subsequently

to apply at company code level TRUE
23 Inheritance represents projection of a revenue item in a customer invoice to the

other line items in the document
TRUE
24 A Splitting method is the total of all splitting rules of all business transactions TRUE
25 A Business Transaction is a general breakdown of a business process assigned to

many item categories TRUE
26 A Business Transaction variant is the technical modelling of the business process

for document splitting TRUE
27 An item category is the technical map of posted line item in a document TRUE
28 A Document Split Rule identifies a single base item category based on which other
item categories undergo document split TRUE
29 Documents involving customer also can undergo document split TRUE
30 The subledger view (FBL1n / FBL5N) is capable of showing the document split FALSE
31 A Segment or profit center has to be assigned directly to an Asset Master Record

for Document splitting FALSE
32 FI - CO Reconciliation and in that order was available in the Classical Ledger itself TRUE
33 CO - FI Reconciliation and in that order was not available in the classical ledger TRUE
34 Realtime Bi-Directional Navigation in the New General Ledger eliminates the tedious
process of reconciliation between FI and CO through the use of a reconciliation ledger TRUE
35 Activation of a Trace in real time using FAGLCOFITRACEADMIN is possible in

the New General Ledger TRUE
36 Periodic Processing activities such as Balance Carry Forward / Re-classification

/ Re-grouping/ IVA etc are available in the New General Ledger also (but with slight
TRUE
change)
37 Balance Sheet / P & L adjustment Programs such as SAPF180 and SAPF181

FALSE
can still be run in the New General Ledger
38 Program SAPF100 pertaining to FC-Valuation is withdrawn and is replaced by

TRUE
FAGL_FC_VALUATION in the New General Ledger
39 The 'Classic ' Financial Statement run Program RFBILA00 can be run even after
New General Ledger has been activated TRUE
40 FGI0 and FSI0 are programs which can be run to create many drill down versions of reports
TRUE
41 Line item display is possible for General Ledger Accounts master records of which do
not have TRUE
activated Line Item display setting
42 FAGLL03 and FAGLB03 are the Tcodes for running Line item and document displays TRUE
Global
SAP EDUCATION
SAMPLE QUESTIONS: C_TFIN52_64
SAP Certified Application Associate – Financial Accounting with SAP ERP 6.0 EHP4 –
print view
Disclaimer: These sample questions are for self-evaluation purposes only and do not
appear on the actual certification exams. Answering the sample questions correctly is no
guarantee that you will pass the certification exam. The certification exam covers a much
broader spectrum of topics, so do make sure you have familiarized yourself with all topics
listed in the exam competency areas before taking the certification exam.
Questions
1. In New GL, 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.
a) O Use the same fiscal year variant for all company codes and
do a reversible close for the company codes that have
different fiscal years.
b) O Use the same fiscal year variant for all company codes and
set up parallel accounting for company codes that have
different fiscal years.
c) O Create company codes with different fiscal year variants and
assign them to the same group company for reporting
purposes.
d) O 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. When parking a document, which of the following occurs in the system?
a) O The document number is assigned and transaction figures

are updated.
b) O The document number is not assigned and transaction
figures are not updated.
c) O The document number is assigned but transaction figures are
not updated.
d) O The document number is not assigned but transaction
figures are updated.
3. Which are the necessary steps to create a validation?
a) O Prerequisite, check, update, control

b) O Check, update, message
c) O Check, control, message
d) O Prerequisite, check, message
4. Your customer wants to add a new company code and asks you to make the
configuration settings for document types and number ranges. What do you have to do?
a) O Allow all document types for the new company code.

b) O Define number ranges for the new company code
c) O Set a second number range for all document types.
d) O No additional settings are necessary
5. Which object has to be used to avoid a change of the reconciliation account in the
customer's master data?
a) O The field status of the customer account group

b) O The field status of the posting key.
c) O The field status group of the reconciliation account.
d) O The field status of the activity
6. Which objects can be assigned to an asset master record?
There are 3 correct answers to this question
a) O Cost center.
b) O Internal order.
c) O Profit center.
d) O WBS element.
e) O Profitability segment.
7. What is the purpose of account determination in the accrual engine?
There are 2 correct answers to this question.
a) O To determine the document type

b) O To determine the CO object
c) O To determine debit and credit accounts.
d) O To determine the correct posting period.
8. For which scenario can you use the cash journal?
a) O To manage cash in local branches and offices.

b) O To make remittances to vendors.
c) O To post incoming and outgoing payments in any transaction
currency
d) O To record documents that will not be included in the general
ledger.
9. Which of the following are interactive functions available in the SAP List Viewer
a) O Dual control.
b) O Sorting.
c) O Master data modification.
d) O Summation.
e) O Filters.
10. What are the necessary elements required to create a customer-specific drilldown
report for New General Ledger Accounting?
a) O A form.
b) O Characteristics.
c) O Variables.
d) O A report header
Solutions
1 a) Incorrect 2 a) Incorrect 3 a) Incorrect 4 a) Incorrect 5 a) Incorrect
1 b) Incorrect 2 b) Incorrect 3 b) Incorrect 4 b) Correct 5 b) Incorrect
1 c) Incorrect 2 c) Correct 3 c) Incorrect 4 c) Incorrect 5 c) Incorrect
1 d) Correct 2 d) Incorrect 3 d) Correct 4 d) Incorrect 5 d) Correct
6 a) Correct 7 a) Correct 8 a) Correct 9 a) Incorrect 10 a) Correct

6 b) Correct 7 b) Incorrect 8 b) Incorrect 9 b) Correct 10 b) Correct
6 c) Incorrect 7 c) Correct 8 c) Incorrect 9 c) Incorrect 10 c)
Incorrect
6 d) Correct 7 d) Incorrect 8 d) Incorrect 9 d) Correct 10 d)
Incorrect
6 e) Incorrect 9 e) Correct
Want to learn more? Contact SAP for more information.
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Global
SAP EDUCATION
SAMPLE QUESTIONS: C_TERP10_60
SAP Certified Business Associate with SAP ERP 6.0 – print view
Disclaimer: These sample questions are for self-evaluation purposes only and do not
appear on the actual certification exams. Answering the sample questions correctly is no
guarantee that you will pass the certification exam. The certification exam covers a much
broader spectrum of topics, so make sure you have familiarized yourself with all topics
listed in the exam competency areas before taking the certification exam.
Questions
1. A colleague of yours is interested in SAP NetWeaver. He or she would like to know

which subcomponent of SAP NetWeaver guarantees the independence of databases and
operating systems and supports an open end environment.
Which SAP NetWeaver subcomponent provides that functionality?
a) O Exchange Infrastructure
b) O Application Platform
c) O People Integration
d) O Information Integration
e) O Process Integration
2. Your organization uses SAP ERP powered by SAP NetWeaver.
Which of the following are subareas of the People Integration subcomponent of SAP
NetWeaver?
Note: There are 3 correct answers to this question.
More than one answer is correct. Please choose the correct answers.
a) O Enterprise Portal
b) O Collaboration
c) O Business Intelligence
d) O Multi-Channel Access
e) O Process Integration
f) O Exchange Infrastructure
3. You are creating a query using the Query Designer, in SAP Business Intelligence. The
Query Designer is divided into subareas.
Which of the following are subareas in the Query Designer?
a) O Rows
b) O Preview
c) O Headings
d) O Selection criteria
4. You are designing a query in SAP Business Intelligence. When you are viewing the
query results, you want to be able to drill down by the characteristics product and product
line.
To which subarea would you drag and drop these characteristics in the Query Designer?
a) O Free characteristics
b) O Filter
c) O Rows
d) O Columns
5. SAP ERP offers additional capabilities compared with SAP R/3 Enterprise, making
SAP ERP the state-of-the-art ERP solution.
Which of the following SAP ERP capabilities was also available on earlier releases like
SAP R/3 Enterprise?
a) O New General Ledger in Financials

b) O SAP Web Application Server
c) O E-Recruiting
d) O SAP NetWeaver
6. Which SAP ERP reporting solution enables the analysis of data from operative SAP
applications, as well as other business applications and external data sources, such as
databases, online services, and the Internet?
a) O Logistics Information Systems (LIS)

b) O Business Information Warehouse
c) O Report Painter with flexible libaries
d) O List viewer
7. A customer Service order is created in SAP ERP Customer Service. External

operations for services are created for this order.
What document is created when this customer service order is saved or released?
a) O A purchase order
b) O A service entry sheet
c) O A service acceptance document
d) O A purchase requisition
e) O A customer's invoice
8. Your organization is implementing Financial Accounting in SAP ERP to improve their

financial reporting. You have been assigned to manage the creation of the chart of
accounts.
What recommendations do you suggest?

a) O A company code has only one operating chart of accounts.

b) O Many company codes can use the same operating chart of
accounts.
c) O Chart of accounts data in a general ledger master record is
defined at the company code level.
d) O A company code can also have a country specific chart of
accounts.
e) O General ledger master records are first defined at the
company code level, and then assigned to the chart of
accounts.
9. You are explaining the Sales Order Management business process in SAP ERP to a
colleague.
Which Sales Order Management business process transaction, in SAP ERP, creates a
financial accounting document?
a) O Create a sales order

b) O Release a sales order
c) O Calculate cost on a sales order
d) O Create a billing document
10. You are reviewing the personnel structure in SAP ERP Human Capital Management.
Which element of the personnel structure defines different payroll procedures, such as
hourly versus salaried?
a) O Employee subgroup
b) O Personnel subgroup
c) O Payroll area
d) O Employee group
11. You are explaining to a colleague that Human Capital Management, in SAP ERP,
stores an employee's data in infotype records.
Which statements correctly describe the features of infotypes?
a) O The personnel file lists only the infotypes valid for the
current period.
b) O Each infotype record has a validity period or a key date.
c) O Personnel actions display all of the relevant infotypes for
you to maintain, one after the other.
d) O Infotypes can only be maintained for one personnel number
at a time.
e) O An infotype is a logical grouping of data fields.
12. Your organization uses SAP ERP Inventory Management. You are explaining stock
transfers and transfer postings to the project team.
Which of the following statements would you use to correctly describe stock transfers and
transfer postings?
a) O A stock transport order can be used to enter a stock transfer.

b) O Transfer postings need not involve a physical goods
movement.
c) O A stock transfer is used to transfer material from quality
inspection to blocked stock.
d) O For both types of transfers, material and accounting
documents are always created.
13. Your organization is implementing SAP ERP Logistics Execution. As a project team
member, you are responsible for defining and assigning the organizational levels relevant
for Logistics Execution.
How would you correctly assign the organizational levels?
a) O A transportation planning point can be assigned to a plant.

b) O Several plant-storage location combinations can be assigned
to one warehouse number.
c) O A plant-storage location combination can be assigned to
multiple warehouse numbers.
d) O A plant-storage location and storage area combination can
be assigned to one warehouse number.
e) O A plant-storage location combination can be assigned to
several shipping points.
14. Your organization is using SAP ERP Manufacturing Execution. You are explaining
the master data that supports the Manufacturing Execution process.
What is the purpose of a routing?
a) O Lists the material components required for producing a

material.
b) O Provides formulas for scheduling and capacity planning.
c) O Lists the sequence of steps for producing a material.
d) O Lists the specific output of a resource.
e) O Collects actual labor and machine costs.
15. Your organization uses SAP ERP Manufacturing Execution. You are reviewing a
production order and notice that no labor time has been recorded in the production order.
Which Manufacturing Execution business process step has not been completed?
a) O Goods issue
b) O Confirmation
c) O Goods receipt
d) O Order settlement
e) O Variance calculation
16. In SAP ERP, you can manage all product and project related data using SAP Product
Lifecycle Management.
Which of the following SAP Product Lifecycle Management components provides the
integration of external files into SAP ERP?
a) O Product Structure Browser

b) O Engineering Change Management
c) O Document Management
d) O Variant Configuration Management
17. In SAP ERP Management Accounting, specific organizational levels can be defined
for the various components.
Which SAP ERP Management Accounting component requires an operating concern?
a) O Profit Center Accounting

b) O Profitability Analysis
c) O Product Cost Accounting
d) O Overhead Cost Controlling
18. In SAP ERP Management Accounting, your organization is using Cost Center
Accounting. You are in the process of defining cost centers.
Which of the following fields are required to create a cost center, in SAP ERP Cost
Center Accounting?
a) O User responsible
b) O Hierarchy area
c) O Company code
d) O Person responsible
e) O Description
19. Goods issue transactions posted in SAP ERP Materials Management can be assigned
to a CO object. This type of transaction is called material consumption.
When a goods issue is entered, which Management Accounting master data is used to
record the consumption posting?
a) O G/L account
b) O Activity type
c) O Secondary cost element
d) O Primary cost element
20. Your organization is implementing SAP ERP Material Planning. Your team is
creating bills of material (BOM). You explain to your team that the bill of material
contains the assemblies or components which are to be included in the production of a
material.
Which of the following correctly describe the features of bills of material?
a) O Bills of material are created and maintained as multilevel

bills.
b) O The base quantity, in the BOM header, specifies the amount
of the finished product that the item quantities refer to.
c) O All components listed in the BOM line items require a
material master record.
d) O BOM usage determines the business applications for which
a BOM can be used.
21. You are explaining SAP ERP Material Planning to your colleagues. They are
interested in learning about the functions of material requirements planning (MRP).
Which of the following statements correctly describe the features of MRP?
a) O MRP can be run at the plant level.

b) O MRP will first use forward scheduling to calculate the
requirement's date.
c) O Regenerative MRP planning will plan only those materials
that have been subjected to an MRP change.
d) O The suggested procurement quantity results from the lot-
sizing procedure that is set in the material master.
22. Your organization is implementing the SAP ERP Procurement Cycle, to improve
operational efficiencies.
Which of the following organizational levels are required to create a purchase order?
a) O Plant
b) O Purchasing organization
c) O Storage location
d) O Vendor
e) O Purchasing group
23. Logistic invoice verification, in SAP ERP, is the process whereby a vendor's invoice
is compared to the goods receipt document and the purchase order.
What business integration processes, within SAP ERP, occurs with the completion of
logistic invoice verification?
a) O The vendor master record is updated.
b) O The provisions in the GR/IR clearing account are reversed.
c) O The on-hand quantity in the material master is updated.
d) O The purchase order history is updated.
e) O An open item is created in the vendor's account.
24. Within SAP ERP Procurement, the procurement process is completed by logistics
invoice verification.
What happens when the invoice is posted in SAP ERP?
a) O The payment is applied to the vendor's account.

b) O The standard price in the material master is recalculated.
c) O An accounting document is generated which posts directly
to the Accounts Payable account within the general ledger.
d) O The GR/IR account within the general ledger is debited.
25. In SAP ERP Program and Project Management, operative indicators define the
characteristics of a work breakdown structure (WBS) element, and also what tasks will be
performed by the WBS element when the project is being executed.
Which of the following are WBS element operative indicators?
a) O Planning element
b) O Account assignment element
c) O Budgeting element
d) O Billing element
e) O Cost element
26. Your organization is implementing the Sales Order Management Business Process in
SAP ERP. The implementation team asks your advice on the assignment of the Sales
Order Management organizational levels to other SAP ERP organizational levels.
Which of the following statements correctly describe the assignment of Sales Order
Management organizational levels in SAP ERP?
a) O A plant can have many shipping points.

b) O More than one distribution channel can be assigned to a
sales organization.
c) O A sales organization can be assigned to multiple company
codes.
d) O A plant can only be assigned to one sales organization.
e) O A sales area can belong to only one company code.
27. In SAP ERP, Sales Order Management Process, a billing document is created.
When a billing document is saved, in SAP ERP, what integration points occur?
a) O The customer's credit account is updated.

b) O On hand inventory is decreased.
c) O Actual demand is reduced.
d) O An open item is posted on the customer's account.
e) O Revenue is increased.
28. In SAP ERP Sales Order Management, you have created and saved a sales order. You
are now reviewing the order's schedule lines.
Which of the following statements correctly describe schedule lines in SAP ERP?
a) O Contains delivery quantities and delivery dates.

b) O The same schedule line can belong to multiple sales line
items.
c) O Partial deliveries are represented by multiple schedule lines.
d) O The schedule line determines if a sales line item is free of
charge.
29. The Sales Information System (SIS) in SAP ERP standard analyses provides
extensive functions to create sophisticated presentations and reporting for the data.
Within SIS, the data is stored using which of the following?
a) O Information Providers
b) O Information Work Areas
c) O Information Cubes
d) O Information Structures
Solutions
1 a) Incorrect 2 a) Correct 3 a) Correct 4 a) Correct 5 a) Incorrect
1 b) Correct 2 b) Correct 3 b) Correct 4 b) Incorrect 5 b) Correct
1 c) Incorrect 2 c) Incorrect 3 c) Incorrect 4 c) Incorrect 5 c) Incorrect
1 d) Incorrect 2 d) Correct 3 d) Incorrect 4 d) Incorrect 5 d) Incorrect
1 e) Incorrect 2 e) Incorrect
2 f) Incorrect
6 a) Incorrect 7 a) Incorrect 8 a) Correct 9 a) Incorrect 10 a) Correct

6 b) Correct 7 b) Incorrect 8 b) Correct 9 b) Incorrect 10 b)
Incorrect
6 c) Incorrect 7 c) Incorrect 8 c) Incorrect 9 c) Incorrect 10 c)
Incorrect
6 d) Incorrect 7 d) Correct 8 d) Correct 9 d) Correct 10 d)
Incorrect
7 e) Incorrect 8 e) Incorrect
11 a) 12 a) Correct 13 a) 14 a) 15 a)
Incorrect Incorrect Incorrect Incorrect
11 b) Correct 12 b) Correct 13 b) Correct 14 b) 15 b) Correct
Incorrect
11 c) Correct 12 c) 13 c) 14 c) Correct 15 c)
Incorrect Incorrect Incorrect
11 d) 12 d) 13 d) 14 d) 15 d)
Incorrect Incorrect Incorrect Incorrect Incorrect
11 e) Correct 13 e) 14 e) 15 e)
16 a) 17 a) 18 a) 19 a) 20 a)
16 b) 17 b) Correct 18 b) Correct 19 b) 20 b) Correct
Incorrect Incorrect
16 c) Correct 17 c) 18 c) Correct 19 c) 20 c)
16 d) 17 d) 18 d) Correct 19 d) Correct 20 d) Correct
Incorrect Incorrect
18 e)
Incorrect
21 a) Correct 22 a) Correct 23 a) 24 a) 25 a) Correct

Incorrect Incorrect
21 b) 22 b) Correct 23 b) Correct 24 b) 25 b) Correct
Incorrect Incorrect
21 c) 22 c) 23 c) 24 c) 25 c)
21 d) Correct 22 d) 23 d) Correct 24 d) Correct 25 d) Correct
Incorrect
22 e) Correct 23 e) Correct 25 e)
Incorrect
26 a) Correct 27 a) Correct 28 a) Correct 29 a) Incorrect

26 b) Correct 27 b) Incorrect 28 b) Incorrect 29 b) Incorrect
26 c) Incorrect 27 c) Incorrect 28 c) Correct 29 c) Incorrect
26 d) Incorrect 27 d) Correct 28 d) Incorrect 29 d) Correct
26 e) Correct 27 e) Correct
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TFIN 50_Part 1
Please note that some of the Questions may show incorrect
Answers, be Cautious!!!
# Opt Questions Answer

1 Which of the following statements are correct in respect of a client?
1 a A client is the highest level in the SAP system hierarchy TRUE
1 b Clients do not have their own master records and set of tables FALSE
1 c The data entered at the client level is mostly static TRUE
1 d Financial statements can be drawn for clients as per country’s legal requirements.
FALSE
2 The following statements are correct in respect of a Client:

2 a Information commonly applicable for all company codes is stored at the client level
TRUE
2 b You cannot include customer accounts from different clients in one dunning run
TRUE
2 c A user master record must be set up for each user at the Company Code level
FALSE
2 d The definition of the Company organizational unit is optional TRUE
3 While creating a company code by copying, Global parameters cover the following
3 a Chart of Accounts TRUE

3 b Fiscal Year TRUE
3 c Company code default values TRUE
3 d Business Areas FALSE
4 Select the statements which according to you, are TRUE

4 a The group chart of accounts is assigned in operational chart of accounts definition, as
TRUE
per requirement
4 b The group account number is entered in the Company Code Segment of the
FALSE
operational account
4 c Different accounts of operational chart of accounts can refer to the same group
TRUE
account
4 d For Group reporting, it is necessary to define & use a separate financial statement
TRUE
version.
5 While creating a company code, if an existing company code is copied using the "copy
company code" function,some of the data that will be copied are:
5 a Definition and Global parameters TRUE

5 b Customizing tables TRUE
5 c Account determination TRUE
5 d Country specific tables TRUE
6 Which of the following statements are correct in respect of a company code?
6 a All the company codes within a company, must use the same chart of accounts and
fiscal year, if they intend to use cross company code controlling TRUE
6 b Company Code is the biggest organizational unit in the SAP system hierarchy
FALSE
6 c Definition of a company code is optional FALSE
6 d Any number of company codes can be set up TRUE
7 The following statements are correct in respect of a Business Area

7 a Business areas can be used across company codes TRUE
7 b Financial statements can be obtained in respect of Business Areas TRUE
7 c It is obligatory to use business areas FALSE
7 d Segment wise reporting can be obtained with the help of business areas TRUE
8 From the follwoing statements, select only the statements which according to you,
are TRUE:
8 a The variant principle is a three step method used in R/3 to assign particular
TRUE
properties to one or more R/3 objects
8 b The variant principle is not applicable in the case of Field Status FALSE
8 c The variant principle is used in Posting periods definition TRUE
8 d In the case of Fiscal Years, It is optional to use the Variant principle FALSE
9 From the following statements, select only the statements which according to you,
are TRUE:
9 a The fiscal year variant specifies whether a period is open or closed FALSE
9 b The fiscal year variant only defines the number of periods and their start and finish
TRUE
dates
9 c A non-calendar year can have between 1 and 16 posting periods TRUE
9 d If the fiscal year differs from the calendar year, but the posting periods correspond to
calendar months, the day limit for February should be 29 to consider leap years TRUE
are TRUE:
10 a Special periods are used for postings that are not assigned to time periods but to the
TRUE
process of a "year end closing"
10 b In total, you can define 16 special periods FALSE
10 c The system derives the posting period from the posting date TRUE
10 d If the posting date falls within the last normal period, you cannot post the transaction
FALSE
in one of the special periods
are TRUE:
11 a The group account number is used for Group Company reporting if the company
FALSE
codes use same Operational chart of accounts
11 b A group account number can be assigned for each G/L account TRUE
11 c If the chart of accounts has not been translated into the appropriate logon language,
TRUE
the account name appears in the maintenance language
11 d To use one of the accounts from the assigned chart of accounts in your company
TRUE
code, you must create a company code segment for the account
are FALSE:
12 a A list of all general ledger accounts used by one or several company codes is known
FALSE
as account groups
12 b While creating a country specific chart of accounts, the 'maintenance language'
TRUE
means the official language of the country
12 c While creating a chart of accounts, the length of G/L account numbers should always
FALSE
be 10 digits
12 d Even though a chart of account is blocked, it can be used by company code on a
FALSE
temporary basis
are TRUE:
13 a The new fiscal year will be opened when the first posting in the new fiscal year is
TRUE
made
13 b The relationship between currencies is maintained with translation ratios TRUE
13 c As the inflation can heavily influence the relationship between currencies, it is better
TRUE
to maintain the translation ratios on a time period basis
13 d The exchange rates updated on daily basis should never be deleted TRUE
are TRUE:
14 a Business areas can be assigned to the client directly FALSE
14 b It is the country key that specifies which country is to be regarded as the home
TRUE
country
14 c If the language key is entered, the system automatically creates texts in the correct
TRUE
language
14 d If the number and start and end dates for the periods are the same for every year,
FALSE
such a fiscal year is known as a year-specific fiscal year
15 The following statements are correct in respect of company code currency

15 a The currency defined in the company code is known as the local currency TRUE
15 b All currencies other than the company code currency are called as foreign currencies
TRUE
15 c Defining a currency for each company code is optional FALSE
15 d At the time of creation of a company, if the local currency is given, the system
translates the amounts posted in a foreign currency into the company code currency TRUE
are TRUE:
16 a A translation between two foreign currencies is calculated via the base currency
TRUE
16 b The process of calculating the opposite rate from a defined exchange rate is known
TRUE
as Inversion
16 c Any number of parallel currencies can be used in a SAP system FALSE
16 d The currency used in consolidated financial statements is called the Group currency
TRUE
are TRUE:
17 a If all the fiscal years of fiscal year variant have the same number of posting periods,
only the different period dates for the different years have to be defined TRUE
17 b If one year of a fiscal year variant has less posting periods than the others, it is called
TRUE
a shortened fiscal year
17 c You have to close the previous fiscal year before you can post data in the new fiscal
FALSE
year
17 d The new fiscal year is automatically opened when the "balance carried forward
TRUE
program" has been run
are TRUE:
18 a The ID given to the customer/vendor accounting clerk can be used for sorting
TRUE
dunning payment and proposal lists
18 b In tolerance groups, the upper limit is set in the local currency of the company code
TRUE
18 c With respect to posting authorization, there is a restriction on the maximum number
FALSE
of tolerance groups that can be created
18 d Cross-company code controlling is possible with different Operational Chart of
FALSE
accounts
are FALSE:
19 a It is not possible to have different local currencies for company codes under a group
FALSE
company
19 b Exchange rates are maintained at the company code level FALSE
19 c The company code will always be a six digit numeric code FALSE
19 d All currencies other than the company code currency are called as foreign currencies
TRUE
20 The steps involved for using a particular variant in mySAP ERP system are:
20 a Defining the variant TRUE
20 b Determining the values for the variant FALSE
20 c Assigning the values to a Cost Center TRUE
20 d Assign the variant to R/3 objects TRUE
21 State which of the following statements given below are TRUE in respect of a Fiscal
Year:
21 a Fiscal Year must be defined to assign business transactions to different periods
TRUE
21 b Fiscal Year is defined as a variant that is assigned to the company code TRUE
21 c If periods of a fiscal year vary from year to year, it is known as a year independent
FALSE
fiscal year
21 d The fiscal year variant contains the definition of posting periods and special periods
TRUE
22 Which of the following statements are correct in respect of a fiscal year?

22 a A fiscal year that is a calendar year must have 12 posting periods TRUE
22 b If the fiscal year is defined as a non-calendar year, the posting periods have to be
TRUE
defined by assigning end dates to each period
22 c Fiscal years, normally are year-dependent FALSE
22 d If the non-calendar year does not start on the 1st of January, the periods of the year
that belongs to the former or the coming fiscal year must have year shift key TRUE
indicator '-1' or ' +1'
23 Which of the following statements apply to a shortened fiscal year?

23 a Before defining the shortened fiscal year and its number of posting periods, the
FALSE
period dates have to be defined
23 b In the case of a shortened fiscal year, you can assign only a lower number of posting
TRUE
periods
23 c A shortened fiscal year should always be defined as year independent FALSE
23 d A shortened fiscal year and the following or previous complete fiscal year can be
TRUE
defined in one fiscal year variant
24 Which of the following statements apply to the maintenance of currencies in an SAP

system?
24 a A currency key each must be assigned to every currency used TRUE
24 b Most currencies are already defined in the SAP system with standard international
TRUE
currency keys
24 c It is not possible to set a validity date for each currency key FALSE
24 d For every combination of two currencies, you can maintain different exchange rates
TRUE
which are distinguished by an exchange rate type
25 Which of the following sentences are correct in respect of exchange rates?

25 a The constant difference between the average rate and buying rate, or between the
average rate and the bank selling rate is known as exchange rate spreads TRUE
25 b In SAP, 'B' denotes bank buying rate FALSE

25 c Average exchange rate is denoted by the letter 'M' TRUE
25 d A base currency can be assigned to an exchange rate type TRUE
26 The following statements are correct in respect of Direct/Indirect quotations
26 a In direct quotation, one unit of the foreign currency is quoted for the local currency
TRUE
26 b In SAP, prefixes can be used to differentiate between direct and indirect quotations
TRUE
26 c If a backslash is used, it represents Direct quotation FALSE
26 d Blank, without a prefix is used for InDirect quotation exchange rates FALSE
27 From the following statements, select only the statements which are true
27 a The chart of accounts is a variant which contains the structure and the basic
TRUE
information about general ledger accounts
27 b The chart of accounts must be assigned to every company code for which accounts
TRUE
are to be set up based on the structure concerned
27 c An operating chart of accounts contains the G/L account information that you use for
TRUE
your daily transactions
27 d In addition to the operating chart of accounts, any additional number of charts of
FALSE
accounts can be assigned to a Company Code
28 a The G/L accounts used by the entire corporate group is known as the Group Chart of
TRUE
Accounts
28 b Assigning a group chart of account to a company code is not obligatory TRUE
28 c A chart of accounts specifically created to cater to any particular country's legal
TRUE
requirements is known as country-specific chart of accounts
28 d It is always necessary to create and assign a country specific chart of accounts to a
FALSE
company code
29 a A chart of accounts that is not yet completed can be blocked TRUE
29 b While defining the chart of accounts, cost elements can be created only manually
FALSE
29 c While defining the chart of accounts, if no value is mentioned in respect of cost
TRUE
element, the system assumes that no cost element is to be created
29 d One chart of accounts can be assigned only to one company code FALSE
30 a It is not possible to translate the chart of accounts into other languages FALSE
30 b If company codes intend to use cross-company code controlling, they must use the
TRUE
same chart of accounts
30 c If the chart of accounts has not been translated into the appropriate logon language,
TRUE
the account name appears in the maintenance language
30 d Assignment of Chart of Accounts to Company Code is optional FALSE
31 The steps required to create and use a chart of accounts are:

31 a Define the chart of accounts TRUE
31 b Determine the properties of the chart of accounts TRUE
31 c Assign the chart of accounts to the client FALSE
31 d Assign the chart of accounts to company code TRUE
32 A chart of accounts segment contains:

32 a Account Number TRUE
32 b Name of the account TRUE
32 c Control fields FALSE
32 d Consolidation fields TRUE
33 a Texts in different langauges cannot be assigned to a GL in chart of accounts segment
FALSE
33 b The information entered in the chart of accounts segment for a General Ledger
TRUE
account applies to all company codes
33 c Account numbers can be searched using key words TRUE
33 d It is possible to define and change the layout of the tab pages for the individual
TRUE
processing of the general ledger master data.
34 From the following statements, select only the statements which are true in respect
of customer/vendor accounts
34 a Customer/Vendor accounts data is usually maintained at two levels-client level and
TRUE
company code level
34 b The general data of the customer/vendor accounts is maintained at the company
FALSE
code level
34 c The company code specific data is always maintained at the company code level
TRUE
34 d The general data can be accessed throughout the whole organization TRUE
35 a If any company code wishes to do business with a specific customer or vendor, it has
to create a company code segment for this customer or vendor TRUE
35 b Any sales area, that wants to do business with a customer has to create a sales area
TRUE
segment
35 c The sales area segment contains sales area specific data TRUE
35 d In SAP, it is not possible to create purchasing organization segment in respect of
FALSE
vendors
36 a The account number is assigned to the customer at the client level TRUE
36 b The account number for a customer is the same for all company codes and sales
TRUE
areas
36 c In the case of accounts receivables, data can be maintained centrally for all areas or
TRUE
separately for FI and SD
36 d If matchcodes are used before you create a new customer/vendor account,
FALSE
duplication of accounts cannot be prevented
37 a Vendor account segment consists of several pages with different groups of fields
TRUE
37 b If you want to change or display an account, you can go directly to every page by
TRUE
selecting it on the initial screen
37 c Customers/Vendors who belong to the same corporate group can be bundled
TRUE
together under a user defined group key
37 d If the name of the clerk is entered in the Customer/Vendor account, the clerk's name
TRUE
can printed on all correspondence arising from his end
of posting periods
38 a Posting periods are defined in the fiscal year variant TRUE
38 b Posting periods can be closed to prevent documents from being posted to an
TRUE
incorrect posting period
38 c More than one posting periods cannot be kept open at a time FALSE
38 d During the normal course, the current posting period will be open and all other
TRUE
posting periods will be closed
of posting periods
39 a During period closing, special periods cannot be opened for closing postings
FALSE
39 b During closing, only one period interval must be kept open FALSE
39 c Three period intervals can be entered in the posting period table in New GL
TRUE
39 d Posting periods can be handled differently for different account types TRUE
40 a One posting period variant can be used only by one company code FALSE
40 b For all company codes assigned to same Posting period Variant, the posting periods
TRUE
are opened and closed simultaneously
40 c For a certain period, postings to customer accounts may be permitted while postings
TRUE
to vendor accounts may not
40 d At the line item level, the system checks the account type of the posting key to
TRUE
ensure that the period is open for the assigned account type
41 a When entering a document, among other items, if you enter the posting date, the
system automatically determines the posting period and fiscal year based on the TRUE
posting date entered
41 b If you display the balance of an account, the transaction figures for the posting
TRUE
periods are displayed
41 c In the document overview, the posting date, posting period, and fiscal year will be
TRUE
displayed
41 d The posting period variant is assigned to the client FALSE
42 a A posting period variant must contain at least one line with the entry "valid for all
TRUE
accounts"
42 b Posting periods are opened and closed automatically FALSE
42 c The authorization group in the posting period variant applies only to authorization for
FALSE
posting in special periods
42 d The processing of payment differences can be controlled using tolerance groups
TRUE
of Document Structure:
43 a In mySAP ERP system, the document posted remains as a complete unit in the
TRUE
system until it is archived
43 b FI Documents usually include a document header and only 2 line items. FALSE
43 c A document header is the information that applies to the line items TRUE
43 d The header data is controlled by the document type TRUE
44 From the following statements, select only the statements which according to you
are TRUE
44 a The document items contain the information that applies to the entire document
TRUE
44 b The line item data is determined by the Document type FALSE
44 c The SAP system records at least one document for every business transaction
TRUE
44 d Every document recives a unique Document number TRUE
45 From the following statements, select only the statements which are TRUE in the
context of FI documents
45 a Posting Key refers to the debit or credit indicator TRUE
45 b In my SAP ERP system, a business transaction can create more than one documents
TRUE
45 c In certain cases, FI documents will be created even if there is no effect for accounting
FALSE
45 d Documents that are connected to each other are linked in the system so that you
TRUE
have an overview of every business transaction in the system
46 A Document is identified by Document principle covering following fields

46 a Reference Number FALSE
46 b Company code TRUE
46 c Fiscal Year TRUE
46 d Document number TRUE
47 a Document type is used to differentiate the business transactions to be posted
TRUE
47 b Document types are defined at the company code level FALSE
47 c Document types applicable to one company code is not valid for other company
FALSE
codes
47 d Date of transaction, date of posting, type of document, company code, etc. are a few
TRUE
examples of header data
48 From the following items, select only those items, which according to you are defined
by document types
48 a Number ranges of document numbers TRUE
48 b Account types permitted for posting TRUE
48 c The field status of all document header fields FALSE
48 d Whether invoices are posted with the net procedure or not TRUE
are TRUE:
49 a The document storage can be controlled by the document type TRUE
49 b Document type AB is a universal document ie., it allows postings to all account types
TRUE
49 c The document number range must be defined for the year in which it is used
TRUE
49 d One number range can be assigned to only one document type FALSE
50 The posting key controls the following:

50 a The type of account to which the line item can be posted TRUE
50 b Whether the item is posted as a debit or credit TRUE
50 c The field status of the document entry screen TRUE
50 d Posting Authorizations FALSE
51 From the following statements, select only the statements which are TRUE
51 a The posting key specifies whether the line item is connected to a payment
TRUE
transaction or not
51 b The posting key does not specify whether the posting is sales-relevant FALSE
51 c Postings cannot be made unless the Field Status Variant has been assigned to the
FALSE
client
51 d If a document is posted to a sub ledger account, the field status group of the
TRUE
reconciliation account is used
of Document Field Status:
52 a If business areas are used, it is not possible to set the business area field to either
TRUE
"Hide" or "Display"
52 b Entries in tax fields are only possible if the G/L account is relevant for tax TRUE
52 c To avoid error, the field status "Hide" should always be used in combination with the
FALSE
field status "Required"
52 d For every G/L account, you have to define the status of document entry field
TRUE
of Document Field Status:
53 a The field status groups are assigned to the respective G/L accounts in the G/L
TRUE
account master records
53 b The field status groups are summarized in one Field Status Variant TRUE
53 c The Field Status Variant should always be assigned to the client FALSE
53 d Field status definitions of Posting Keys and the Field status group, defines the
transaction dependent and account dependent fields status respectively TRUE
54 From the following statements, select only the statements which are TRUE in respect
of company code segment of G/L account:
54 a The company code segment is added to the chart of accounts segment and together
TRUE
they form the account
54 b The company code segment contains information that refers exclusively to the
TRUE
company code concerned
54 c The company code segment information controls the entry of accounting documents
TRUE
and the management of accounting data
54 d In case of some accounts you can create the company code segment before creating
FALSE
a chart of accounts segment
55 The Account Control information included in the company code segment contain:
55 a Account Currency TRUE

55 b Tax Category TRUE
55 c Planning Level FALSE
55 d Alternative Account Number TRUE
56 The Account Management information included in the company code segment

include:
56 a Open Item Management TRUE
56 b Line Item Display TRUE
56 c Sort Key TRUE
56 d Authorization Group TRUE
57 Select the statements which according to you, are TRUE :
57 a If a number range is assigned to an account group, it can be ensured that accounts of
TRUE
the same type are within the same number range
57 b Number intervals of G/L account master data can overlap TRUE
57 c It is the Field Status Variant that enables you to control the display and maintenance
FALSE
of an account's master data
57 d The fields "Currency" and "Field Status Group" are always maintained as optional
FALSE
fields
58 In tolerance groups, you can enter the upper limits for the following:
58 a Total amount per document TRUE
58 b Amount per customer/vendor item TRUE
58 c Cash discount which a user is able to grant TRUE
58 d Total amount per day FALSE

59 a Not all users can be assigned explicitly to a tolerance group FALSE
59 b For each field, the status definitions from the account group and the transaction are
taken into consideration and the one with the higher priority is used TRUE
59 c The fields displayed in the G/L account master record are controlled only by the
FALSE
account group
59 d If you do not want to use the transaction-specific control, the field status for all fields
TRUE
have to be set to "optional"
60 Select the statements which according to you, are TRUE in respect of Balance Sheet
and Profit and Loss Accounts:
60 a In the chart of accounts segment, you have to specify whether the account is a
TRUE
Balance Sheet or a Profit and Loss account
60 b At the time of closing, in the case of Balance Sheet accounts, the balance will be
FALSE
carried forward to the Retained Earnings account
60 c In the case of Profit and Loss accounts, once the balance is carried forward, the Profit
TRUE
and Loss account is set to zero
60 d A key is assigned to the Retained Earnings account to which the balance is carried
TRUE
forward and this will be entered in the chart of accounts segment

61 a As assignment of field status has the low priority, the account group specific control
TRUE
is always used.
61 b Reconciliation accounts are general ledger accounts assigned to the business partner
master records to record all transactions of the sub ledger. TRUE
61 c All postings to the subledger accounts are automatically posted to the assigned
TRUE
reconciliation accounts.
61 d If reconciliation accounts are used, the general ledger will never be up to date.
FALSE
62 Select the statements which according to you, are TRUE:

62 a my SAP ERP system recommends that amounts may always be posted directly to
FALSE
reconciliation accounts.
62 b Reconciliation accounts are updated on a daily basis. FALSE
62 c Transaction figures are the totals of line item postings on the debit or credit side.
TRUE
62 d While posting a Document, the balance is the difference between the debit and
TRUE
credit transaction figure.
63 Select the statements which according to you, are TRUE in respect of line item
display:
63 a The "line item display" field is a control field in the Chart of Account segment of an
FALSE
account.
63 b For accounts without "line item display", only the transaction figures are updated
TRUE
when documents are posted to these accounts.
63 c In the case of accounts with "line item display", the most important data from the
TRUE
posted line items is stored in a special index table.
63 d In the case of accounts with "line item display" , when a user wants to look at the
account online, they can view both the balance and the individual line items. TRUE
64 From the following statements select only the statements which are True:
64 a For accounts with "line item display", only the transaction figures are updated when
FALSE
documents are posted to these accounts.
64 b You always display the line items of all GL accounts. FALSE
64 c In mySAP ERP system, it is always better to use "line item display", only if there is no
other way of looking at the line items as the line item display takes up additional TRUE
system resources.
64 d Items in accounts with open item management are specified as open or cleared.
TRUE
65 The "line item display" should not be activated for :

65 a Reconciliation accounts. TRUE
65 b Revenue accounts. TRUE
65 c Material stock accounts. TRUE
65 d Tax accounts. TRUE
66 From the following statements select only the statement which are TRUE:
66 a Accounts with open item management must always have line item display activated.
TRUE
66 b Open item management is not a prerequisite if you need to check whether there is
FALSE
an offsetting posting for a given business transactions.
66 c It is possible to display open and cleared items separately. TRUE
66 d Open item management can be activated or deactivated only if the account has a
FALSE
balance.
67 Open item management should be used in the case of:

67 a Bank clearing accounts. TRUE
67 b Cash accounts. FALSE
67 c GR/ IR clearing accounts. TRUE
67 d Salary clearing accounts. TRUE
68 Select the statements which according to you, are TRUE in respect of accounts in
local currency.
68 a It is possible to select either the local currency or a foreign currency as a account
TRUE
currency.
68 b As standard, the local currency is proposed as the account currency when a G/L
TRUE
account is created.
68 c If the account currency is the local currency, the account cannot be posted to in any
FALSE
currency.
68 d The other currencies are translated into the local currency for each line item.
TRUE
69 Select the statements which according to you, are TRUE in respect of "Balances in
Local Currency Only" indicator:
69 a If the " Only balances in local currency" is set in the master record, transaction figures
are only managed for amounts converted to the local currency. TRUE
69 b The "Only balances in local currency" indicator must not be set in cash discount and
FALSE
GR/IR clearing account.
69 c The indicator must not be set in reconciliation accounts for customers or vendors.
TRUE
69 d The indicator is usually set in balance sheet accounts that are not managed in foreign
TRUE
currencies and not managed on an open item basis.
70 Select the statements which according to you, are TRUE:

70 a The mySAP ERP system provides collective processing functions for the G/L account
TRUE
master records
70 b It is possible to change the master data in the chart of accounts segment, company
code segment, OR the names of several G/L accounts at the same time TRUE
70 c Collective processing can be done even if the general ledger accounts are from
TRUE
different chart of accounts
70 d General ledger accounts that are managed in a foreign currency can be posted in any
FALSE
currency
71 A complete customer account consists of the following:

71 a General data at the client level TRUE
71 b Company code segment TRUE
71 c Sales Area Segment TRUE
71 d Integration Segment FALSE
72 A complete Vendor account consists of the following:

72 a General data at the client level TRUE
72 b Purchasing Organization Segment TRUE
72 c Company code segment TRUE
72 d One Time vendor segment FALSE
73 From the following statements select only the statements which areTRUE:
73 a The account number for a vendor is the same for all company codes and purchasing
TRUE
area organization
73 b IBAN stands for International Bank Area Number TRUE
73 c IBAN contains a maximum of 34 alpha numeric characters TRUE
73 d The IBAN is structured differently in every country FALSE
74 a The IBAN usually contains the country code, bank key, company code and account
FALSE
number
74 b The IBAN can be entered as part of the bank details for customer/vendor master data
TRUE
74 c The IBAN can be entered in a vendor/customer master record if the business partner
TRUE
provides his or her IBAN and requests the entry
74 d It is possible to automatically generate and save the IBANs for several master records
FALSE
75 a In FI, once the account of customer/vendor has been created, the account group can
TRUE
no longer be changed
75 b The account group controls whether the account is a one-time customer or vendor
TRUE
account
75 c There are separate number ranges for customer and vendor accounts defined at
TRUE
client level & shared amongst Company codes.
75 d For each number range, you can define whether the number assignment is internal or
TRUE
external
76 a If internal number assignment is used, system cannot display the current number
FALSE
76 b With external number assignment, the number do not have to be assigned in
TRUE
sequence
76 c Special customer/vendor master records should be created for all customers or
TRUE
vendors with whom business is done rarely
76 d One time account master record does not contain any information about a specific
customer/vendor since this account is used for more than one customer/vendor TRUE
77 a In the case of one time accounts, the customer/vendor specific fields should be
TRUE
hidden
77 b The customer/vendor specific data for one time customers/vendors is entered in the
TRUE
document at the time of posting
77 c Account group dependent field status means that all accounts of one account group
TRUE
have the same screen layout
77 d Transaction dependent field status should be set to "Display" for the "change"
transaction if the field is not to be changed after it has been created TRUE
78 In FI, the layout of customer/vendor master data screens can be affected by several
factors:
78 a Account group dependent control TRUE
78 b Transaction dependent control TRUE
78 c Company code dependent control TRUE
78 d Controlling Area dependent control FALSE
79 a Fields that are accessed with the "display" transaction are always either displayed or
TRUE
supressed
79 b If you do not want to use the transaction-dependent or company code dependent
TRUE
control, the field status for all fields should be set to optional
79 c If a particular field in the customer/vendor master record is defined as "sensitive",
the corresponding customer/vendor is blocked for payment if the entry is changed TRUE
79 d If there is a payment block because of sensitive field change, the block can be
removed only when a second person with authorization checks the change and TRUE
confirms or rejects it.
80 a The authorization group in the posting period variant applies only to authorization for
FALSE
posting in special customer/vendor clearing
80 b If a customer is also a vendor, or vice versa, the payment and the dunning program
TRUE
can clear open items against each other
80 c The open items of the assigned Vendor / Customer accounts can be displayed in the
TRUE
line item display and the open item selection screens
80 d Clearing of open items can be done only if the vendor account number is entered in
the customer account and the customer account number is entered in the vendor
TRUE
account and clearing option is activated in respective co code segment
81 a If clearing is to be used, the field "Clearing with vendor" in the customer account or
the corresponding field in the vendor account has to be selected TRUE
81 b Alternative payer/payee can be entered at the client level or company code level
TRUE
81 c The entry in the company code segment has lower priority than the entry at the
FALSE
client level
81 d If the "Individual Specifications" indicator is set, when creating an invoice it is
possible to enter information about individual payer/payee for a customer/vendor TRUE
that has not been created in mySAP ERP.
82 a If the alternative payer/payee is an existing customer/vendor, you can enter the
customer/vendor number as permitted payee/payer in the master record TRUE
82 b If an alternative payer is entered, the amount to clear the due open items in the
TRUE
account is paid by the alternative payer
82 c If there is difference between the goods flow and the cash flow, this can be mapped
FALSE
using head office and branch accounts
82 d All items are posted to a branch account are manually transferred to the head office
FALSE
account
83 a If the "Decentralized Processing" field is selected in the head office master record,
the dunning and payment programs use the branch account for making and receiving TRUE
payments
83 b For every bank that is used in the system, you need not necessarily have to create a
FALSE
bank master record
83 c Bank master records are stored centrally in the bank directory TRUE
83 d Every record is identified by the bank country and the bank key TRUE
84 a Banks used by your company are defined as House Banks TRUE
84 b In the customer/vendor master record, the field "Bank Type" is used to distinguish
TRUE
between different banks
84 c When the bank details are entered in the Customer/Vendor master record, you have
to enter only the bank country and the bank key to access banks already created in TRUE
the directory
84 d When processing invoices, if the customer/vendor has more than one bank, the user
TRUE
can choose a bank to process payment
85 House Bank data contain:

85 a Bank master data TRUE
85 b Information for electronic payment transactions TRUE
85 c Bank Account per House Bank TRUE
85 d Translation Ratios FALSE
86 Bank master data can be created :

86 a When entering bank information in the customer/vendor master record, or in the
TRUE
customizing for house banks
86 b Using the create bank transaction in the A/R or A/P master data menu TRUE
86 c By importing bank directory from disk or tape using separate program TRUE
86 d By creating a batch input session in case of customers who use the lockbox function
TRUE
87 a Every bank account is reflected in the SAP ERP system by a combination of house
TRUE
bank ID and account ID
87 b The bank account currency should always correspond to the currency maintained in
TRUE
the G/L
87 c It is not necessary to define the the bank accounts that are managed at the house
FALSE
bank
87 d The Bank account can be identified by an account ID which is unique per house bank
TRUE
88 a The bank account data contains the number of the accounts at your bank, the
TRUE
account currency and the relevant G/L account
88 b It is not necessary that a G/L account should be created for every bank account
FALSE
88 c Default values can be set for fields whose value does not change very often by
TRUE
creating Parameter IDs
88 d In the case of Parameter IDs, you can prevent input errors as the default values
TRUE
appear automatically in the corresponding fields
89 Some sources of values that are defaulted by the system for document entry are:
89 a User Master Records TRUE

89 b Parameter Memory TRUE
89 c System Data TRUE
89 d Account Master Record TRUE
90 Using the Accounting editing options, the screens can be configured for the following
areas:
90 a Document Entry TRUE
90 b Document Reversal FALSE
90 c Document Display TRUE
90 d Open Items TRUE
91 From the following statements select only the statements which areTRUE in respect
of Default Values for User Settings:
91 a Users cannot hide fields irrelevant for their jobs FALSE
91 b User can select different display options for displaying documents TRUE
91 c It is possible for the users to enter the amount of a partial payment or the balance of
TRUE
the new item
91 d During document entry, the date of the last entered transaction is proposed
TRUE
automatically as the posting date
of Default Values for User Settings:
92 a If a document has already been entered, for the next document, the system proposes
TRUE
the company code that you entered in the last document
92 b To enter the different business transactions in accounting, the system offers pre-
TRUE
defined document types and posting keys in the configuration
92 c It is not possible to control the proposal of fiscal year when you display or change the
FALSE
documents
92 d It is possible to propose the CPU date as value date for document TRUE
93 a At the company code level, the maximum exchange rate deviation can be entered
TRUE
93 b Maximum Exchange rate Deviation is the permitted difference between the exchange
rate in the document header of a business transaction and the exchange rate in the TRUE
exchange rate table
93 c If Maximum Exchange Rate Deviation is set, it is difficult to recognize and correct
FALSE
incorrect entries
93 d In mySAP ERP System, once the documents are posted, it can never be changed
FALSE
94 Select the fields that are not changeable in the case of LIne Items:
94 a Amount can be changed FALSE
94 b Posting Key cannot be changed TRUE
94 c Account can be changed FALSE
94 d Other fields that affect the transactional data, cannot be changed TRUE
of Change Control:
95 a In respect of Document Header, only the reference number and document header
TRUE
text can be changed
95 b A field can be changed only if the posting period is closed FALSE
95 c If the document change rules are set based on the Account Type, it allows users to
TRUE
define rules for customer, vendor and general ledger accounts
95 d If the criterion used for the document change is company code in the change rule, if
TRUE
the field is blank, the rule applies to every company code
96 In the case of changes made to a document, the logged information contain:
96 a The field that was changed TRUE

96 b The new and old values TRUE
96 c The user who made the change TRUE
96 d The time and date of change TRUE
97 Select the conditions necessary for effecting a field change in a document:

97 a The line item must be cleared FALSE
97 b The line item is either a debit in a customer account or a credit in a vendor account
TRUE
97 c The document must not be a credit memo or an invoice TRUE
97 d The document must not be a credit memo from a down payment TRUE
98 The following criteria can be used to differentiate between document change rules:
98 a Account Type TRUE
98 b Transaction Class TRUE
98 c Company Code TRUE
98 d Business Areas FALSE
99 The selection options available in the Report RFBABIL00 are:

99 a Company Code TRUE
99 b Document Numbers FALSE
99 c Fiscal Year TRUE
99 d User name of person who accepts the change FALSE
100 From the following statements select only the statements which areTRUE in the
context of Document Reversal:
100 a In FI, documents can be reversed either by standard reversal posting or with a
TRUE
negative posting
100 b General Ledger, customer and vendor documents can be reversed either individually
TRUE
or in a mass reversal
100 c If the standard reversal is followed, the document can be reversed without specifying
FALSE
a reversal reason
100 d Documents with cleared items cannot be reversed without resetting TRUE
101 a The reversal reason controls whether the reversal date is allowed to differentiate
TRUE
from the original posting date
101 b The normal reversal posting causes the system to post the incorrect debit as a credit
TRUE
and the incorrect credit as a debit
101 c The normal reversal does not cause an additional increase in the transaction figures
FALSE
101 d In the case of negative posting, the posted amount is subtracted from the transaction
FALSE
figures of the other side of the account
context of Document Reversal:
102 a The negative posting sets the transaction figures back to as they were before the
TRUE
incorrect posting took place
102 b In normal cases, only the negative posting is followed by the system FALSE
102 c Under exceptional circumstances,negative posting can be done even if reversal
reason is not defined for negative posting and the company code does not permit FALSE
negative postings
102 d Negative postings can also be used in the case of transfer postings of incorrect line
TRUE
items
of Terms of Payment:
103 a In my SAP ERP System, it is not possible to add new terms of payment in addition to
FALSE
those defined in the system
103 b The invoice due date and the cash discount are calculated on the basis of terms of
TRUE
payment
103 c Baseline date is the date from which the due date is derived TRUE
103 d If the terms of payment are entered at the time of processing the documents, the
system automatically calculates the required conditions of payment TRUE
respect of Terms of Payment and Cash Discount:
104 a If the invoice is created in FI, the terms of payment from the company code segment
TRUE
are proposed
104 b If the invoice is created in Sales Order Management, the payment terms are
TRUE
proposed from the Sales Area Segment
104 c If the Vendor invoice is created in Purchasing Management, the terms of payment
FALSE
from the Chart of Accounts Segment are proposed
104 d It is not possible to set a fixed cash discount amount or a cash discount percentage
FALSE
rate when you enter a vendor invoice
105 The terms of payment can be entered at the following places:

105 a Company code segment TRUE
105 b Sales Area Segment TRUE
105 c Purchasing Organization Segment TRUE
105 d Chart of Accounts Segment FALSE
106 From the following statements select only the statements which areTRUE :
106 a At the time of document entry, if the invoice number is entered in the "Invoice
Reference" field, credit memos can be linked to the original invoice TRUE
106 b In the case of invoice related credit memos, the terms of payment are copied from
the invoice so that the invoice and the credit memo are due on the same date TRUE
106 c Terms of payment in credit memos other than invoice related credit memos are valid
FALSE
by default
106 d In the case of non-invoice related credit memos, the payment terms can be activated
by entering a 'V' in the "Invoice Reference" field during document entry TRUE
107 a The day limit is the calendar day to which the terms of payment are valid TRUE
107 b Using the day limit, it is possible to store single or multi-part terms of payment in a
TRUE
"terms of payment key"
107 c The description of terms of payment does not include a Sales Order Management
TRUE
text automatically
107 d The sub ledger in which the terms of payment can be used is defined by the account
TRUE
type
108 a Line items or accounts can be blocked for payment or collection by using "block keys"
TRUE
108 b The block keys cannot be entered in the terms of payment FALSE
108 c Payment methods for each country can be entered in the terms of payment
FALSE
108 d Payment control is facilitated by means of block keys and payment methods
TRUE
109 a Block key and payment method defined in a payment term, will however, be not
FALSE
defaulted in the line item when the payment term is used
109 b For automatically calculating the cash discount, the days and months specified in the
terms of payment are used in conjunction with the baseline date TRUE
109 c Day limit enables date-specific terms of payment in one terms of payment key
TRUE
109 d It is possible to define several versions of terms of payment with each version having
TRUE
a different day limit
of Terms of Payment and Cash Discounts:
110 a Only upto two cash discount periods can be entered TRUE
110 b The day limit is the baseline date upto which the payment term version applies
TRUE
110 c The entry for the specified day limit is added to the terms of payment key which
results in two entries where different terms of payments can be defined TRUE
110 d If the installment payment is defined in the terms of payment, the system
TRUE
automatically carries out the split
111 a The automatic installment calculation will work only if cash discount periods or cash
TRUE
discount percentage rates are not assigned
111 b In the case of automatic installment split, the system creates two line items each for
FALSE
every installment specified
111 c The terms of payment for the line items are the terms of payment defined for the
TRUE
individual installments
111 d Depending on the national regulations of your country, the cash discount base
TRUE
amount can either be the net value or the gross value
112 From the following statements select only the statements which according to you
areTRUE in respect of Cash Discounts :
112 a Cash discounts cannot be changed once the invoice is posted FALSE
112 b When an open item on a customer or vendor account is cleared, the possible cash
discount is posted automatically to an account for "cash discount expense" or "cash TRUE
discount received"
112 c It is possible to define the accounts for cash discount expense or cash discount
TRUE
revenue in the configuration
112 d If you post a vendor invoice with a document type for the net procedure, the amount
posted to the expense or balance sheet account is reduced by the cash discount TRUE
amount
of Net Procedure of posting Cash Discounts:
113 a If the net procedure is used, a cash discount clearing account, managed on a open
TRUE
item basis, is used to clear the posting
113 b When you use the net procedure, the cash discount amount will not be automatically
FALSE
posted when the invoice is posted
113 c At the time of payment of the invoice amount, the system carries out a clearing
TRUE
posting to the cash discount clearing account
113 d If the invoice is paid after the cash discount payment deadline, the cash discount loss
TRUE
is posted to a "lost cash discount account"
of Payment terms & Cash Discounts :
114 a Every installment of an installment plan must have its own terms of payment
TRUE
114 b The cash discount accounts used in the net procedure are Cash discount revenue
FALSE
account and the cash discount expense account
114 c The cash discount accounts used in the gross procedure are Cash discount clearing
FALSE
account and the Lost cash discount account
114 d The specification regarding which system is to be used as cash discount base is made
TRUE
in the global parameters of a company code, in customizing
115 From the following, select the business transactions which according to you, can be
cross-comapany code transactions:
115 a Central Procurement TRUE
115 b Central Payment TRUE
115 c Inter Company code Sales TRUE
115 d Inter Company Code Stock Transfer TRUE
of Cross-Company Code transactions :
116 a In cross company code transactions, the system creates and posts a separate
TRUE
document in each company code involved
116 b In order to balance the debits and credits within these documents, the system
generates automatic line items which are posted to clearing accounts, for payables or TRUE
receivables
116 c The documents which belong to one cross-company code transaction are linked by a
TRUE
common cross-company code transaction number
116 d In my SAP ERP System, there no specific reports to display cross-company code
FALSE
transactions as such
117 a The tax calculated is always posted to the company code of the first item TRUE
117 b To ensure that the tax is posted to the same company code as the invoice, the
TRUE
invoice item must always be entered first
117 c Before effecting any cross-company code transaction, the clearing accounts must be
TRUE
defined
117 d The clearing accounts cannot be G/L accounts, customer, or vendor accounts
FALSE
118 a To allow cross company code postings, clearing accounts has to be assigned to every
TRUE
possible combination of two company codes
118 b To reduce the number of clearing accounts, you can use just one company code as
TRUE
the clearing company code
118 c Posting keys must be assigned to the clearing accounts to identify their account types
FALSE
118 d Cross-company code documents cannot be reversed FALSE
119 a The document number is a combination of the document number of the first
TRUE
company code, the first company code number and the fiscal year
119 b The cross-company code document number is stored in the document header of all
TRUE
of the documents created for a complete audit trail
119 c Tax amounts of cross-company code transactions are automatically distributed to the
company codes in which the expenses/revenues occurred FALSE
119 d The company codes of a cross-company code transaction should have the same local
FALSE
currencies
of clearing open items :
120 a For a transaction to be considered as completed, it must be cleared TRUE
120 b A transaction is cleared only when a clearing posting has been carried out for an item
or group of items, in such a way that the resulting balance of the items is zero TRUE
120 c Documents with open items can be archived FALSE

120 d Documents with open items stay in the system until all open items are cleared
TRUE
121 a A clearing transaction, ironically, does not create a clearing document FALSE
121 b "Posting with Clearing" can be carried out for several accounts, account types, and
TRUE
for any currency simultaneously
121 c If automatic payment program is used, "Posting with Clearing" transactions can only
FALSE
be carried out manually
121 d The "Account Clearing program" can be used for clearing open items TRUE
are TRUE:
122 a The "Account Clearing" function works for any account managed with open items in
TRUE
the general ledger and in sub ledgers
122 b Since most of the time, postings do not have to be made to clear items within an
account, the clearing documents usually contain several line items FALSE
122 c If the items to be cleared belong to different business areas, the system may have to
carry out clearing postings to balance the business areas to zero TRUE
122 d All accounts requiring automatic clearing must be defined in Customizing TRUE
123 The automatic clearing program does not clear:

123 a Noted Items TRUE
123 b Statistical postings & certain special GL accounts TRUE
123 c Items with withholding tax TRUE
123 d Clearing accounts having equal amout of debit & credit FALSE
124 a The assignment field of a line item is automatically filled in accordance with the "Sort
TRUE
Field" entry in the master record when you post
124 b The assignment field can be a combination of up to 4 fields with a maximum of 18
TRUE
characters
124 c If the sort key is set to the cost center in a general ledger master record, then the
assignment field in the general ledger line item displays the number of the cost TRUE
center when that particular G/L account is used
124 d The line item sorting in the line item display and clearing functions is based on the
TRUE
assignment field
125 a It is possible to trace the document in Sales Order Management on which the
accounting document is based on, using the reference and assignment field TRUE
125 b All Cleared documents can be reversed easily FALSE

125 c Cleared documents can be reset TRUE
125 d Cleared documents may or may not have any line items TRUE
126 State whether the following statements are True or False

126 a Base currency is used only in case of the United States of America FALSE
126 b If a group currency is used, before the consolidation process can be completed, all
values in the individual financial statements must be translated from the local or FALSE
transaction currency into group currency
126 c If you maintain the Exchange rate using the quotation that is not set as standard in
FALSE
your system, the rate will not be highlighted
126 d Partner accounts are always maintained with line item and open item management
TRUE
MY SAP QUERIES RAISED IN SAP PORTAL:
1. Posted by: S00012649 Date: 13-08-2011 Time: 15:04:29
Dear Sir,
In TFIN 52, unit 3, page 125, Figure 47. Can you explain me in the figure how an amount of 700 arises as
Value Adjustment?
Thanks
Reply by: SME Date: 13-08-2011 Time: 16:01:17
Hi Krishnakumar,
Value adjustment is nothing but accumulated depreciation. Hence 700 is debited.
Dear Sir,
Can you please explain me the Figure 25 in TFIN 52, unit 2, page 66?
Thanks
Hi Krishnakumar,
In certain cases, an asset that needs to be shifted from one cost center to another or there is an
asset shut down that can have a direct effect on depreciation and also for the purpose of reporting and
valuation needs, Time dependent data is maintained. For example, assignment of an asset to a cost
center (A) for 1st half of the year and cost center (B) in the 2nd half of the year using the help of time
interval by entering the date/period in the asset master record.
Dear Sir,
In TFIN 52, unit 2, page 65, Can you please explain me what's Evaluation groups and why it is leveled
between 1 and 5?
Thanks
Hi Krishnakumar,
Evaluation groups are another option for classifying assets for reports or user-defined match
codes. You can use 5 different evaluation groups (four with 4 characters, and one with 8 characters). You
can assign each asset to the appropriate category of the evaluation groups.
More over for the purpose of reporting, the reports carry a selection field in which the evaluation group
must be entered to get the data for the asset classification of the business place.
Dear sir,
In TFIN50 part 2, unit 2, page 47, last second para, can you tell expansion for APC (negative APC Values)
and the meaning for the same.
Thanks
Dear Krishnakumar
With reference to your query, APC is Acquisition and Production Costs.
In case of Special Asset class take for example assets under construction are fully capitalized/settled;
you can still enter the Credit Memos. For this to happen you need to tick/permit Negative APC values in
the Depreciation data section.
You will clearly understand this concept when you are doing the exercises.
Dear sir,
I request you to provide me the Mail ID for clarifying the doubts regarding SAP Certification.
Thanks
Dear Krishnakumar,
For any queries regarding SAP certification (question pattern, marking system, topics weightage), please
visit www.sap.com/education or else you can also mail to Tulasi Ram at tulasi.ram@sap.com.
Sample questions are available on the website

http://www.sap.com/services/education/certification/schedule/index.epx
Dear sir,
(TFIN50, part 2, unit 3, page 174 in book) could you please explain me, in the figure which amount is to
be dunned..
Hi Krishnakumar,
With reference to your query, in the Fig: 72 clearing with credit memos or vendor items
If you have chosen to clear the due net debit items with the due net credit items, then as per the figure
given you Dun the remaining 700 with the highest dunning level.
If you have chosen to clear between customer and vendor, as per the figure given, the remaining
balance 500 is dunned with highest dunning level.
Dear sir,
In TFIN50, part 2, unit 1, Fundamentals, I could see that bank master records are created at Client level,
and i can see that "in case of house banks, data such as House bank ID and Communication data are
stored at company code level". This confuses me. Please explain me in detail.
Thanks.
Dear Krishnakumar,
With reference to your query,

Bank Master record is created for every bank that is used in the system,(common data/information) and
are stored centrally in the Bank Directory. The records which are created at this level can be used by any
other company codes; hence this is created at client level.
House bank data such as house bank Id, communication data which is company code specific differ from
company code to company code, hence they are stored at company code level.
Can you please explain in detail what a Year-Independent Fiscal year Variant is and the concept of
"indicator -1 or +1?"
Dear student,
The fiscal year variant is called year-independent: if each fiscal year of a fiscal year variant uses the same
number of periods, and the posting periods always start and end at the same day of the year.
A year independent fiscal year variant can be defined as:
1 calendar year
The posting periods are equal to the months of the year. Therefore a calendar year variant must have 12
posting periods, and we cannot define the beginning and end of period because it always begins on
January 1st and ends on December 31st every year.
2 non-calendar year
The posting periods are not equal to the months of the year. The posting periods need to be defined by
assigning ending dates to each period. A non-calendar year can have between 1 and 16 posting periods.
If the non-calendar year does not start at January 1st the periods of the year which belong to the former
or the coming fiscal year must get an annual displacement indicator (-1, +1)
Dear Sir,
Can you tell me what is a positing period in detail.

Dear student,
Posting period is a period within a fiscal year, such as a particular month, for which SAP transaction
figures are updated. Every SAP transaction that is posted is assigned to a particular posting period. The
transaction figures are then updated for this period.
TFIN50> Document Control>Document Structure>Document number ranges (Page 12)
Can you please explain me in detail what is Internal number assignment and external number
assignment.
Also I have other common doubts
1. Can we consider Line Items as Description for a business transaction?
2. Can you tell me what Open item Management in detail is?
3. Can you tell me what country chart of accounts is?
Dear Krishnakumar,
Internal number assignment are assigned by the system, with internal number assignment, the system
always assigns the next number available in the range to the account. With the internal number
assignment, you can display the current number.
External number assignment is entered by the user who creates the record. External numbers may be
alphanumeric. The user chooses the account number. Numbers do not have to be assigned in sequence,
therefore, a current number cannot be displayed.
Also i would like to tell that you should not post multiple questions in the same query. Per query you are
supposed to post only one query. Kindly remember this while posting the query in future.
inTFIN50 - Financial Accounting, Basic Settings - Page 30.
Can you please explain me in detail about Variant Principle and its use.
Dear Krishnakumar,
A variant is a summary of all settings for performing a task.
For e.g. if 1+1+2=4 and this is being repeatedly used in your analysis, then you
1. Define a variant X
2determine the values of the variant x i.e. x=1+1+2
3 Assign the variant to objects ie 3x= 3(1+1+2) = 12
This in sap is called the variant principle.
Dear Sir,
In TFIN50 part 1, Page 205, Figure 87, can you please me the figure in detail .
Thanks
Hi Krishnakumar,
Active document splitting means document splitting based on the Business

transactions/Transaction variant assigned to the document type and the item category assigned to the
GL account. System determines and does the splitting of each line item in the document, based on the
configuration you have done. You have control over active splitting.
Passive splitting is something that you do not have control over. System takes the document splitting
characteristics from the original document.
Document splitting characteristics for General Ledger Accounting is as relevant as it is for the balance
sheet. If the balancing dimensions in a document do not produce a balance of Zero, the system creates
additional clearing items that ensure zero balance. You can create then balance sheets for these
document splitting characteristics.
If your issue is resolved, kindly close the query at your end.
Regards,
FISME
Posted by: S00012649 Date: 23-08-2011 Time: 15:17:29
can you please tell me whether one document split comprises of those three steps.
Dear Krishnakumar,
With reference to your query, a document will comprise of only 2 steps that is, either 1 & 3 or 2 &3. If
you receive a payment against any invoice, it uses passive split along with zero balance indicator to
make the document splitting characteristics zero. For other documents, it processes using customized
splitting rules (rules explained in Figure 89) and zero balance indicator is common for both the splits. If
you still have doubts, kindly propose a date and time convenient to you for adobe session, we will
resolve your doubts.
If your doubt is clear, kindly close the query at your end.
Regards,
FISME.
Dear Sir, I clearly understand now, can you please tell me one example document for Active Split. Then
I’ll be very clear.
Dear Krishnakumar,
You can go through Figure 85, wherein you can see the invoice with multiple expense line items debited
to advert. Costs, Purchase Services and input tax and Credited to Vendor (Miller Inc) in entry view. This
is split according to the splitting rule which is shown in General Ledger view. Split according to the
splitting rules defined in customizing is Active Split
Regards,
FISME.
Dear Sir,
In TFIN 50 part 1, page 289, figure 125, can you please explain me the figure in detail.
Thanks
Hi Krishnakumar,
SAP can post inter-company accounting documents by direct or indirect specification of other
company codes. For example, you can enter a different company code in a line item when posting a
manual journal entry in another company code; or if a vendor invoice is posted in one company code,
you can pay for that invoice from a different company code.
In a cross-company code transaction, the system posts a separate document with its own document
number in each of the company codes. Individual documents are linked by a common cross-company
code number. The system generates line items automatically (receivables and payables arising between
company codes) in order to balance the debits and credits in each document.
Hence, for cross-company code transaction, you create clearing accounts to display receivables and
payables between individual company codes.
Hope this answers your doubt. Kindly close the query if your doubt is resolved.
Regards,
FISME
Dear Sir,
In TFIN 50 part 1, Page 312, Figures 130,131,132. Can you please explain me precisely the difference
between Post with Clearing and Account Clearing with an example because both looks alike but it seems
there is a difference?
Thanks
Dear Krishnakumar,
With reference to the query, in both post with clearing and account clearing, you can select and clear
multiple open items. Only difference is, In post with clearing, if the total amounted selected open
items is not equal to clearing amount, it allows you to post the difference. for ex. You have clearing
amount 5000 and open items are 4800, you can post the difference of 200, where as in account
clearing, the total amount of open item must be zero, difference not allowed to be posted.
Regards,
FISME.
Dear Sir,
In TFIN 50, part 1, page 341&342, figure 144, Can you please explain me the Figure in detail especially
the last but one bulleted paragraph?
Thanks
Hi Krishnakumar,
Tolerance limits are defined separately for users (employees) and business partners (customers and
vendors). The system checks both limits when clearing open items. The lowest limit always has priority.
For example: For one of your customers you set a maximum amount of $2 for adjusting the cash
discount amount when a payment difference occurs. For the accounting clerk that processes this
customer account, however, you set a maximum amount of $1. If differences occur when this clerk
clears items from this customer account, the system can adjust the cash discount amount only up to a
maximum of $1.
Hope this explanation clears your doubt. Kindly close the query if your doubt is resolved.
Regards,
FISME
Dear Sir,
In TFIN 50 part 2, page 280, figure 113&115, Can you please explain me in the figures what is old
month/year and new month/year with an example.
Dear Krishnakumar,
With reference to your query, Old month is nothing but closing of accounts for the month. Say for ex.
January 31, you close the month with postings from HR, MM and SD modules and analyze Profit & Loss
and Balance Sheet for the period and reports are created for January. New month is February 1, the
balances from January will be carried forward to the next month by opening new month, balances of
customers/vendors are transferred and closing stock valuations are transferred from MM.
In Fig. 115, the same procedure is carried out for full year. Kindly revert if you still have doubts.
Regards,
FISME
Dear Sir,
In TFIN52, page 39, figure 12, can you explain me the last 4th paragraph's last line, "It is recommended
that you define as many asset classes as you have assets with different types of valuation"
Thanks
Hi Krishnakumar,
It is recommended to create as many asset classes possible with different types of valuation is
because when you create an asset master record for a particular asset; this data is automatically copied
from the asset class you specify. By entering the default values, you can reduce the time and effort
needed to create new asset master records.
Kindly close the query if your doubt is cleared.
Regards,
FISME
Dear Sir,
In TFIN52, page 17, figure 6, can you please explain me what is an "Internal Order" and Activity type.
Thanks
Hi Krishnakumar,
Internal Order is an instrument used to plan, collect, and settle the costs of internal jobs and tasks.
The SAP system enables you to monitor your internal orders throughout their entire life-cycle; from
initial creation, through the planning and posting of all the actual costs, to the final settlement and
archiving.
Activity type are required for internal activity allocation and serve as tracing factors for costs and can be
used to measure the internal activities, to enter them manually, automatically, or indirectly based on
final costs, and to allocate them.
It classifies the specific activities and data structures that are provided by one or more cost centers
within a company.
For example: Number or quantity of units produced, hours, machine productivity, etc.
Regards,
FISME
Dear Sir,
In TFIN 50 part2, page 453, figure 199, can you please explain me what is the Superordinate Org. level
and also the last 3rd paragraph?
Thanks
Hi Krishnakumar,
Superordinate Org. level is one of the settings in the organizational hierarchy that have been
defined based on the configuration of the systems during closing cockpit procedure. Superordinate Org.
level is the highest of the hierarchy level.
For example: +-------Controlling
+----------Company code
+----------Profit center.
Controlling would be the superordinate Org. level in the hierarchy.
Kindly refer to figure 198 of page 452 for further understanding on Organizational hierarchy.
Regards,
FISME
Dear Sir,
Thats very clear. can you please tell me the meaning for the term "Initial Node" in the same figure (199)
Hi Krishnakumar,
An initial node is the typical starting point for an activity. For example, to open a notepad in MS
windows, we choose Start--------> Programs--------->Accessories--------->Notepad. Start button would be
an initial node.
In SAP, if you do not define the hierarchy organizational level, the organizational object is only available
in Initial node.
Regards,
FISME
Dear Sir,
In TFIN50 part 2, page 460, figure 206, Can you please explain me the meaning for the line, “the
combination of relationships is managed from the standpoint of the successor”.
Thanks.
Hi Krishnakumar,
Kindly refer to this URL link for better explanation about dependencies and defining it.
http://help.sap.com/saphelp_erp60_sp/helpdata/en/58/f17d41e5051809e10000000a155106/content.h
tm
Regards,
FISME
Dear Sir,
In TFIN50 part 2, page 461, figure 208, Can you please explain me the meaning for “Gray: Initial”.
Thanks
Hi Krishnakumar,
The Closing cockpit enables you to create a structured interface for executing transactions and
programs that form part of complex processes, such as closing processes. The structural layout supports
processes within an organizational structure, such as within the company code, as well as scenarios
affecting multiple organizational structures.
Closing cockpit can be used as a tool in the following cases:
a) Activities that recur periodically
b) More than one person responsible is involved
c) The activities are performed within a process that has a fixed chronological sequence
d) The activities need to be supported by a shared, uniform interface for all involved.
e) The status of all periodic activities that needs to be documented and made available for all involved.
Continued.......
Continued.....
The Closing cockpit enables you to optimize your process flows by using its event-driven organization of
activities, its overview and monitoring options, as well as analysis tools, all of which cover the entire
process.
As per your query on the color code status, The Monitor is one of the Closing cockpit process activities.
It shows a graphical representation of the critical paths as well as the processing periods and processing
sequence with their respective dependencies.
Hope this clears your doubt. Kindly close the query if your doubt is cleared.
Regards,
FISME
Dear Sir,
In TFIN50 part 2, page 462, figure 209, Can you please explain me the Difference for “Processor and
Person Responsible”.
Thanks
Hi Krishnakumar,
List display is one of the closing process in the Closing cockpit structure. It displays all the tasks to
be managed or executed from the respective task list are made available for processing or for
monitoring task progress.
Under the List display, it shows you the detailed view of the,
1) Name and Description, 2) Report name and variant name, 3) Processor and person responsible, and 4)
Start time and end time.
As per your query on Processor and person responsible, Under List display, you can identify the
processor and the person responsible for that particular task in the Closing cockpit process.
Regards,
FISME
Dear Sir,
In TFIN50 part 2, page 463, figure 210, Can you please explain me in detail the following topics:
• The Spool request.
• The Job Log.
• The Batch Input Session.
Thanks
Hi Krishnakumar,
A spool request contains which data is to be printed and how this data should be printed.
Job Log: All message types issued by a program running in the background are stored in a job log, which
you can display either to obtain information on a prematurely terminated program or to complete a
detailed investigation of a particular background processing run. A separate log file is created for each
job.
Batch Input Session is an intermediate step between internal table and database table. Data along with
the action is stored in session. Ex; data for screen fields, to which screen it is passed, program name
behind it, and how next screen is processed. Batch input is used for bulk data transfers.
Regards,
FISME
Dear Sir,
In TFIN50 part 2, page 465, figure 212, Can you please explain me the meaning for the line, “You can
insert user decisions for testing purposes”.
Thanks
Hi Krishnakumar,
The flow definition is a graphical summary of several steps. A step in the flow definition
corresponds to a task in the task plan, except that the individual step does not appear directly in the
task plan, rather it is displayed in the flow definition, which is included in the task plan.
As with regards to your query, the sentence "you can insert user decisions for testing purpose" means
that you can include your own transaction/program directly in the task plan so that it can be used in
flow definitions(workflows) and you can see the processing status in the monitor.
Regards,
FISME
Dear Sir,
In TFIN50 part 2, page 336, figure 145, Can you please explain me the meaning for the line, “Foreign
Currency accounts are valuated by Balance”.
Thanks
Dear Krishnamurthy,
With reference to your query, as per the figure 145, the foreign currency balance sheet accounts are
valuated as part of the foreign currency valuation.
I.e. The balance, that is ,the foreign currency balance of the G/L account managed in a foreign currency,
forms the basis of the valuation for each foreign currency and foreign currency balance sheet account.
Hope this would clear your doubt.
Regards,
FISME
Dear Sir,
In TFIN50 part 2, page 357, figure 151, Can you please tell me why the amount of 600 did not appear in
the OI Analysis.
Thanks

Dear Krishnamurthy,
With reference to your query, as per the figure 151, adjustment posting is not been made for the
Customer 1 which have an amount of 600.Hence this does not have appeared in OI Analysis.
Hope this would understand.
Regards,
FISME
Dear Sir,
In TFIN50 part 2, page 442, figure 195, Can you please explain me the last 4th paragraph.
Thanks
Dear Krishnamurthy,
With reference to your query, as per the figure 195, shows you how you define the ledger groups
As per 4th line, when defining the ledger group the Document types must be defined for entry view in
one ledger (Non leading ledger) in customizing in the Ledger Group, so that you can display this one
ledger in the general ledger view.
In short to view the ledger in general ledger view, document types must be defined in any one of the
non leading ledger.
Hope this would clear your doubt.

Regards,
FISME
Dear Sir,
In TFIN50 part 2, page 334, figure 142, Can you please explain me the last 3rd paragraph.
Thanks
Dear Krishnakumar,
With reference to your query, the figure purely explains about valuation in foreign currency posted to
Controlling (CO). You can define a revenue account from currency valuation as Cost element. If this is
done, in Controlling, if there is revenue from valuation of foreign currency, the cost will be reduced in
the CO object, with reduction in the payables (vendors’ reconciliation a/c). The cost element 230010
will not show any balances because the revenue has been transferred to Controlling.
Regards,
FISME.
Dear Sir,
In TFIN50 part 2, page 335, figure 143&144, in the figure 144, I could see that valuation difference is 480
local currencies that posted to Exchange rate Diff Account in the local Currency itself. But in the previous
figure 143, last Para says “the system posts the account entries for realized exchange rate diff in foreign
currency during the OI clearing”. Please clarify me.
Thanks
Dear Krishnakumar,
Fig 143, explains about the account entries for realized exchange rate differences in foreign currency
during the open item clearing (line item wise), that is during receiving/making the payment whereas fig.
144 explains the valuation of foreign currency Balance Sheet accounts as a whole. If you have 10 foreign
customers, whole balance will be valuated and difference will be debited to unrealized gain/loss on
foreign currency valuation and credited to balance sheet adjustment account on key date and reversed
on the first day of the next month.
In Fig 143, you are evaluating the foreign currency during payment, hence the accounts debited is
realized loss/gain on FCV. For ex. Customer balance is say 1000 eur. and value in Foreign currency on
payment date is 800. You receive payment of 800 eur. There is a loss of 200 eur. Entries will be Bank
a/c. dr. 800, Loss a/c. dr. 200, customer a/c Cr.1000.
... Continued
Regards,
FISME
Dear Sir,
In TFIN52, page 90, figure 34, can you please explain me the last second para, especially the meaning of
capitalization of goods or services.
Thanks
Hi Krishnakumar,
Capitalization of goods and services means to turn a cost into an asset rather than expense. For
example, costs for business startup are considered long term costs, rather than expenses for only one
year, so they are capitalized. If a cost is capitalized, it shows up on the balance sheet as an asset.
Regards,
FISME
Dear Sir,
In TFIN 52, page 100, figure 45, can you please explain me the figure in detail? Mainly I’m confused with
the Invoice receipt.
Thanks
Hi Krishnakumar,
Kindly refer to the following URL link for better understanding and explanation over the concept of
Goods receipt and Invoice receipt in SAP.
http://help.sap.com/saphelp_46c/helpdata/en/4f/71e70a448011d189f00000e81ddfac/content.htm
Regards,
FISME
Dear Sir,
In TFIN52, page 138, figure 51, can you please clarify me the relevance between the figure name and the
content of the figure? It seems like Intercompany transfer but given is Automatic intracompany asset
transfer.
Thanks

Hi Krishnakumar,
You were right. The figure 51 of page 138 is actually Intercompany Asset transfer. The figure name
is a typo error. Good to know that you understand the concepts well.
Regards,
FISME
Dear Sir,
In TFIN52, page 178, figure 66, can you please explain me calculations of the tables in the figure.
Thank You
Dear Krishnakumar,
In Fig.66 says, an asset was acquired and it's useful life was assumed as 5 years. After 2 years, you
realized its useful life is only 3 years. If you use depreciation calculation without the option of a Time-
dependent definition of the change, as acquisition year is ended, only 2000 is charged as depreciation
(10000 / 5 years) for first year. As second year is still open and you know the asset has only 3 years
useful life, remaining 8000 is distributed among 2 years i.e., 4000 each.
If you use time-dependent parameters with SAP, the system will take 2000 each for first and second
year and balance 6000 completely is charged for 3rd year.
Regards,
FISME

Dear Sir,
In TFIN52, page 207, figure 75, can you please clarify me whether the number range interval is Internal
number assignment or external number assignment for document type here, because in book no such
details (in figure, it seems internal no. assignment) provided but in the e-learning(TFIN52>Periodic
processing and valuation>Page 30) it says external number assignment.
Also can you please tell me whether these types of questions can come for certification, if so, how we
should prepare, only book content is enough or this e-learning content is also needed.
Thanks
Dear Krishnakumar,
Please kindly try to understand the concept of assigning internal or external document number range
and its effects on the documents. You need not worry about the difference between the slides and
book. Just understand, if external number assignment is selected, you can give the number and if
internal is selected, system generates the numbers.
Regards,
FISME
Dear Krishnakumar,
The handbook what you are having is the Bible, Geeta and Quran for you. Just read what is there in the
book, that is very much sufficient for your Certification. These type of questions may not come. The
questions will be from your books only. Do not worry too much, read the books, be confident and you
will succeed in your Certification exam. We wish you very best of luck for your exams.
Regards,
FISME
Dear Sir,
Can you please confirm me whether the 12th Unit in the book TFIN50_2 and 13th Unit in the book
TFIN52 are there for Certification. Because these are not found in the e-learning system.
I am asking you because when i mailed this same query to tulasi.ram@sap.com, no response till now.
Please clarify me regarding this as 02.09.2011 is the last day for me to access e-learning.
Thanks
Dear Krishnakumar,
With reference to your query, we regret for the inconvenience caused to you. Please go to the link
provided to you and under that you will find TFIN50 Financial Accounting I dated 06.05.2010, you can
press start now and in the subsequent screen you can press table of contents. You can see all the topics
of TFIN50_1 and 2 in that. You also have TFIN52_92 Financial Accounting II in trainings. Kindly check.
Regards,
FISME
Dear Sir,
(TFIN50, part 2, unit 3, page 174 in book) could you please explain me, in the figure which amount is to
be dunned...
Hi Krishnakumar,
With reference to your query, in the Fig: 72 clearing with credit memos or vendor items
If you have chosen to clear the due net debit items with the due net credit items, then as per the figure
given you Dun the remaining 700 with the highest dunning level.
If you have chosen to clear between customer and vendor, as per the figure given, the remaining
balance 500 is dunned with highest dunning level.
If your query is been resolved, kindly close the query at your end.
Regards
37. Dear Sir,
Hi,
In TFIN52, page 361, figure 137, can you please tell me in the figure, what is the 555 and 333
corresponds to..
Thanks
Krishnakumar
Hi Krishnakumar,
In the figure 139 of page 363 - Noted items, 555 and 333 is just an amount for both the
customer invoice. As you can see the total amount of 888 in the reconciliation account in the same
figure.
The amount of 10000 is just a down payment request (noted item) and is only a reminder and has
no bearing on customer invoice balance.

Regards,
FISME
38. Dear Sir,
Hi,
In TFIN52, page 367, figure 144, can you please clarify me in the last point (4) last sentence, whether a
Special G/L account is used or not since in book it is no, where as in e-learning (page 24 of unit Special
G/L Transactions) it is yes.
Thanks
Krishnakumar
Hi Krishnakumar,
When the receivables are doubtful or disputed, they are entered as individual value adjustments
and you use special GL account (Individual Value Adjustments for Receivables). Only when you are able
to ascertain that the receivable is uncollectable, it is posted to the Expenses for uncollectible receivables
account hence no special GL account is used.
The explanation given in the e-learning is only an error. But the rest of the explaination was correct.
The error in the e-learning slide is regretted.
Regards,
FISME
Hi,
In TFIN50_2, Unit 1, can you please give me an example for Translation ratios.
Thanks
Krishnakumar
Hi Krishnakumar,
Translation ratios are ratios defined for each currency pair and each exchange rate type, for
translating one currency into another using exchange rate. For example, say, you have two currencies,
USD and JPY and, say, the translation ratio between the two is 1:100. The exchange rate, in this case, is
represented as 1USD=100x0.0120JPY in exchange rate table, in SAP system. Please note that a higher
translation ratio is maintained due to one currency being weak in comparison to other.
Regards,
FISME
Hi,
In TFIN50_2, page 328, figure 136, can you please clarify me in the figure, the line “no need to act for
GCC – Key word: Lowest value principle”
Thanks
Dear Krishnakumar,
With reference to your query, basically you need to do foreign currency valuation for international
valuation areas only (e.g.: IAS/IFRS/U.S GAAP) and not for local valuation area for the rules of German
Commercial Code., if the valuation is run with lowest value principle. This explanation is for Fig.136.
When there is no valuation carried out for local valuation area, you need not post any amount and post
only "0” for the corresponding valuation area. This is what, is explained in the last paragraph for
fig.138.
This reply answers you both queries bearing no.00059016 and 00059017.
Regards,
FISME
Hi,
In TFIN50 part 2, page 330, figure 138, Can you please explain me the last 3rd paragraph, “The original
customer document updates the amount “0” for the corresponding valuation area”
Thanks
Dear Krishnakumar,
With reference to your query, basically you need to do foriegn currency valuation for international
valuation areas only (eg: IAS/IFRS/U.S GAAP) and not for local valuation area for the rules of German
Commercial Code., if the valuation is run with lowest value principle. This explanation is for Fig.136.
When there is no valuation carried out for local valuation area, you need not post any amount and post
only "0" for the corresponding valuation area. This is what, is explained in the last paragraph for
fig.138.
This reply answers you both queries bearing no.00059016 and 00059017.
Regards,
FISME
Hi,
In TFIN50_2, page 346, figure 148, can you please explain me the calculations.
Thanks
Dear Krishnakumar,
In Value adjustment key 01, the debit percentage is 2% if the customer open item is overdue by 30 days,
and 3% for 60 days. Customer A has open item 2000 which is overdue by 30 days and Value adjustment
should be 2% i.e., 60 and for item 10000 which is overdue by 60 days, the value adjustment should be
3% i.e., 300.
Do not get confused by the amount 20 & 200 shown in the figure.
Regards,
FISME
Hi,
In TFIN 50_2, page 398, figure 170, can you please explain me the term Summarization and why it is
used.
Thanks

Hi Krishnakumar,
Summarization is nothing but a type of document lines that are generated in the accrual engine.
You define if and in what form you want to summarize data when transferring accrual postings to
Accounting.
There are 3 types of summarization where one can make the settings for posting control in accrual
engine.
1) No Summarization: A document line is created in the Accounting document for each accrual item and
accrual type in the Accrual Engine.
2) Summarization to accrual object level: As few document lines as possible are generated in Accounting
for each accrual object.
3) Maximum summarization: When documents are created for Financial Accounting, the maximum
amount of Accrual Engine data is summarized for per accounting document. Independently of this,
further summarizations can be activated in the individual receiver components in Accounting to which
the documents are posted.
Regards,
FISME

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TFIN 50_PART 1_Unit 01

Q.No. Question Answers

3 A Company code is an important organizational unit in financials created for

4 *More than one option may be correct

5 *More than one option may be correct

Creation of a Company Code in SAP

8 A Country installation version, if exists and needed,

9 The Variant principle adopted in SAP

12 *More than one option may be correct

A Fiscal Year Variant is responsible for

13 A Fiscal Year Variant may contain details of

15 An Year specific fiscal year

17 Year Shift Indicator is

18 *More than one option may be correct

A Fiscal Year Variant

21 Exchange Rate Types are defined as follows:

22 Relationship between two different currencies are maintained using

24 *More than one option may be correct

Pick out the correct statements

26 a. Entering an asterix * as a prefix confirms the use of Direct Quotation TRUE

27 *More than one option may be correct

29 *More than one option may be correct

Pick out the incorrect statements

a. six character-length alpha numeric FALSE

2 Each Company Code uses a Chart of Account which

3 A Company code is an important organizational unit in financials created for

a. three character-length alpha numeric FALSE

4 *More than one option may be correct

The following entities are defined while creating a Chart of Accounts

5 A General Ledger Master Record is complete and usable if and only if it

A GL Master created can be saved without

8 A GL Master record cannot be created

b. without specifying an account group TRUE

10 SAP does not prohibit internal numbering of GL Master records FALSE

11 *More than one option may be correct

A Company code can adopt

12 Pick out the correct statements from the following:

13 *More than one option may be correct

A General Ledger Account can be blocked

14 Consolidation of Accounts pertaining to two company codes of a corporate group happen

15 *More than one option may be correct

Pick out the correct statements from below:

16 *More than one option may be correct

17 Retained earnings Account in your Balance Sheet is updated when you

20 Field Status relating to GL Master Records is Company code centric FALSE

21 The Field Status priority rule is in the following order

24 *More than one option may be correct

Pick out the correct statements

25 *More than one option may be correct

Pick out the correct statements

Your accountant has created a GL Master record named "RENT RECEIVED-LONDON

28 *More than one option may be correct

Pick out the correct statements

30 Assignment of number ranges to customer (applies to vendor also) groups TRUE

31 *More than one option may be correct

34 *More than one option may be correct

Let us suppose a customer of your company code also happens to be a vendor

35 Pick out the correct statements from those given below:

36 *More than one option may be correct

37 *More than one option may be correct

An Alternative payer / Alternative payee in related Master Accounts

40 *More than one option may be correct

41 A Bank master can be created