Sapience Consulting Private Limited Reg.

No
Ghuman Plaza, opp. Attock Petrol pump, Civil Line, Jhelum
Final Exam of “SAP ECC Financial” 2019
Part-1 50 MINUTES Maximum Marks : 90
Time Allowed Part-2 20 MINUTES Maximum Marks : 06
Total Marks: 100 Part-3 10 MINUTES Assessment Maximum Marks : 04
Part 1: MCQs
1. Business area is used to define?
A. Tolerance B. Customer C. Purchase D. Business group

2. Assignment of company code to company is to make link with?

A. Company B. Sales C. Fiscal year D. none

3. Posting period variant defines?

A. Months for posting B. Yearly posting C. No posting D. All

4. Financial statement version is used for?

A. Display of balance sheet B. Profit and loss account C. Cash flow D. All

5. Retained earnings is created to link?

A. G L Accounts B .Chart of Account C. Account Group D. All

6. Maintaining Document Number Range is used for?

A. GL Document Entry B. Customer Creation C. Semi-Finished Goods D. All

7. Maintaining variants for open and closing posting period is compulsory for?
A. GL Account B. GL Entries C. Chart of Account D. Account Group

8. Chart of Account is creation for?

A. GL Account B. Account Group C. GL Document Entry D. All

9. Creation of Tolerance is done in?

A. Line item B. Material Management C. Financial Accounting D. None

10. Maintaining of Material Attributes is done in?

A. Material Management B. Logistic General C. Logistic Execution D. None

11. Creation of GL Account is done in?

A. Edit and Process GL Account B. Maintain GL Account Centrally C. Creation of GL Account
D. FS50

12. Company code creation is very necessary for?

A. Purchase Order B. Ram Material C. Finished Goods D. All
 Sapience Consulting Private Limited Reg. No
Ghuman Plaza, opp. Attock Petrol pump, Civil Line, Jhelum
Final Exam of “SAP ECC Financial” 2019
13. Field Status Variant Group 045 is used for ?
A. Assets B. Liability C. Raw Material D. All

14. Special Transition keys are used to integration of ?

A. Financial to Material MM B. Financial to Production C. Costing to MM D. None

15. FERT is used for?

A. Ram Material B. Posting Period C. Finished Goods D. None

16. Menu Path of creation of House Bank is?

A. Financial Accounting to Business Transaction B. Financial accounting to Accounts Receivable
C. Financial Accounting to Accounts Payable D. Financial Accenting to General Ledger

17. Finished Goods is created in?

A. Logistics B. Material Management C. Material Master D. All

18. Raw Material number is created by?

A. SAP System B. SAP Manual C. Document Number Range D. All

19. Controlling Area is compulsory used for?

A. GL Account Creation B. Chart of Account C. GL Document Entry D. All

20. FB50 Transaction Code for?

A. GL Document Entry B. GL Recurring Entry C. GL Reversal Entry D. None

21. Income or expense on transfer of stock is treated by special transaction key of?
A. GBB B. PRD C. AUM D. BSV

22. 3000 code represent for?

A. Raw Material Group B. Finished Goods Group C. Semi-Finished Goods Group D. None

23. 7920 code represents and is used for?

A. Creation of Finished Goods B. Creation of Raw Material C. Posting of Finished Goods
D. Posting of Raw Material

24. Which of the following are the fields of “General Data” in customer/vendor accounts?
A. Insurance B. Account management C. Both A & B D. None

25. The posting period can be defined for each?

A. Company Code B. Accounting Principal C. Posting Period Variant D. Both A & B
 Sapience Consulting Private Limited Reg. No
Ghuman Plaza, opp. Attock Petrol pump, Civil Line, Jhelum
Final Exam of “SAP ECC Financial” 2019
26. What is T Code for document archiving?
A. F145 B. F045 C. F405 D. F05

27.Which of the following are required settings for foreign currency valuation?

A. Define exchange rates B. Define valuation methods

C. Define expense or revenue accounts for exchange rate difference D. All

28. What is the T-Code for Post incoming Payments?

A. F-27 B.F-28 C. F-55 D. F-11

29. What is the T-Code for clear customer?

A. FB1D B. FBD1 C. F-32 D. FB1C

30. What is the purpose of Account Determination?

A. Document Type B. Debit Account C. Credit Account D. All

31. At which organizational level is the availability check ATP performed for a sales order ?
A. Cross company code B. Sales organization C. Warehouse number D. Plant

32. What is sole purpose of Special Transaction Keys in Customization?

A. Integration of MM to FI B. Integration of FI to CO C. Integration of FI to SD D. All

33. Why we create cost center and cost elements?

A. For Cost Management B. For Budget Creation D. For Planning D. All

34. Define different views of Customer Master Data?

A. Sold to Part B. Ship to Party C. Both A & B D. None

35. How can you use INCOTERMS in Vendor and Customer Master Date?
A. For Delivery Terms B. For Payment Terms C. For Payment & Delivery Terms
D. For Cash Payment

36. Can you further subdivide a plant?

A. Yes B. No

37. Internal order is used for?

A. Production B. Sales C. Purchase D. All Above

38. Cost element is created in?

A. GL Account Creation B. Line item C. Business Transactions D. GL Document Entry
 Sapience Consulting Private Limited Reg. No
Ghuman Plaza, opp. Attock Petrol pump, Civil Line, Jhelum
Final Exam of “SAP ECC Financial” 2019

39. T-Code for creation of Vendor is?

A. MK01 B. MK02 C. MK04 D. MK03

40. T-Code for creation of Sales Order is?

A. VA01 B.VA10 C.VA00 D.VA11

41. AP invoice is created in?

A. AP B. Vendor C. Material Master D. Logistics

42. Parking the General Entries mean by?

A. To Hold Temporary B. To hold permanently C. To save D. To forward

43. Reversal of General Entries is created for?

A. Recompilation B. Repeated C. Regular D. None

44. Inventory Posting is done in?

A. PRY B. PRA C. PRD D. BSX

45. Payment to Vendor Invoice is entered in?

A. Outgoing Payment B. Incoming payment C. GL Document D. None

Part 2: Short Questions Answers

1. What is inco-term? Explain five important inco-terms.
2. What is OPU? What is procurement & purchase?
3. Which organizational element is central in shipping? Give a definition of it.

Part 3: Assessment

“How to Post Journal Entry & How to create GL Account”