FI Practise Questions

1. a. b. c. d. The length of G/L account number should be mentioned in G/L account groups G/L account Chart of accounts None of the above

2. The G/L account becomes a complete G/L account a. if we have added the company code segment to chart of account segment b. if we have created both company code segment and chart of account segment cent rally c. if we have created chart of account d. if we have copied the chart of account segment from other company code 3. a. b. c. d. 4. a. b. c. d. 5. a. b. c. d. 6. a. b. c. d. If we are using the same chart of account in more than one company code the company code segments are same in all company codes the account name and account number is the same in all company codes the currency in company code segment in all company codes is the same the group account number is different in all company codes The appearance of the company code segment of a G/ L account is based on account group entered in the chart of account segment group account number entered in chart of account segment assignment of group chart of account in chart of account none of the above The appearance of an account master data is based on account number field status chart of account none of the above Creation of duplicate accounts in A/P can be prevented by using the match code before creating the new account sensitive dual control switching on automatic duplication check none of the above

7. Which of the following statements are true, when you are considering the major controls of document types a. the account types allowed for postings b. the field status of head text and reference number c. posting keys d. none of the above 8. a. b. c. d. Which of the following statements are true posting keys are defined at client level account types allow line item postings based on the posting key field status definition ‘suppressed’ and ‘required’ cannot be combined field status groups are examples of variant principle

9. Which of the following are true if we are using the same posting period variant for several company codes a. opening and closing of periods to be done for each company code b. we cannot use the same posting period variant for several company codes c. we can maintain different special periods for each company code

10. Which of the following statements are true a. we can open t wo period ranges during the time of closing process b. based on the document date ent ry, system will determine the posting period and fiscal year c. if you display the balances of an account, the transaction figures for the posting periods are displayed 11. By mentioning the base line date, cash discount periods, and cash discount percentage rate in payment terms, system will calculate a. due date of the invoice and cash discount b. due date only c. cash discount only d. none of the above 12. Using the account clearing function, choose and match those existing open items from an account that balance to zero. The system marks them as cleared and creates a clearing document. The clearing doc ument number and the clearing date is entered in the cleared open items. The clearing dat e can be the current date or a date that the user determines. State whether this statement is true or fals e 13. Which of the following statements are true a. we cannot have separate cash journal for each currency b. special general ledger indicators use the subsidiary ledger master records but are connected to the general ledger via alternative reconciliation accounts c. a down payment request is a noted item. It does not change any account balances. You can dun and pay aut omatically on the basis of down payment requests 14. The specifications for permitted payment differences can be found in both types of tolerance groups. They control the automatic posting of cash discount adjustments and unauthorized deductions. State whether this statement is true or fals e 15. All reconciliation accounts and all general ledger accounts with open item transactions in foreign currency must be assigned to the revenue/expense accounts for realized losses and gains. State whether this statement is true or fals e 16. R/3 system contains a. data base server only b. application server only c. presentation server only d. all of the above 17. All data and programs are contained in a. application server b. database server c. none of the above 18. SAP business object consists of a. attributes b. methods c. attributes and methods d. none of the above 19. Maximum number of sessions a user can open when he logs on to SAP a. one b. three c. five d. six

20. Fiscal year can be a. year dependent b. year independent c. both year dependent and year independent 21. Fiscal year which is a calendar year can have a. 12 normal periods b. less than 12 normal periods c. more than 12 normal periods 22. Short ened fiscal year can have a. 12 periods b. more than 12 periods c. less than 12 periods d. should have less than 12 periods 23. Company code can have a. one local currency only b. two local currencies c. any no. of local currencies d. none of the above 24. Postings in a company code are done in G/L account of a. consolidation chart of accounts b. operative chart of accounts c. country chart of accounts d. all of the above 25. Retained earnings account is a. specific to company code b. specific to client c. specific to chart of accounts d. none of the above 26. Which of the following statements is true a. company can use indirect exchange rate only b. company use direct exchange rate only c. company can use both direct and indirect exchange rat es 27. State which of the following is true in relation to SAP features a. business areas are company code specific b. business areas are assigned to company codes c. business areas are used for reporting across company codes d. none of the above 28. Posting in a G/L account is controlled by a. account group of the G/L account b. field status group in the chart of accounts segment c. field status group in the company code segment d. all of the above 29. Which of the following is true a. company code can have one retained earnings account only b. company code can have more than one retained earnings account c. chart of accounts can have more than one retained earnings account d. chart of accounts can have one retained earnings account only e. none of the above

a house bank b. one house bank p0lus one account id d. only one account code b. of account codes in operating COA a. account group controls the master record field status d. many operating COAs and one group and one alternate CoA c. only one account code b. the g/l account house bank name shall be the same as in the bank directory b. Which of the following are correct with res pect to your G/L account hous e bank name a. many account codes d. Country plus bank key 35. account group controls the number range of G/L accounts c. TRUE/FALSE . house bank c. maximum three account codes c. many hous e banks c. one group and one alternate COA 36. G/L account e. many hous e banks and many account ids 34. bank key d. it cannot be mapped 37. E very company code can have following combinations as chart of accounts (COA) a. account group controls the document field status b. of account codes in operating COA a. the g/l account house bank name is modifiable at the company code segment of the chart of accounts 32. Which of the following is true a. one operating COA and one alternate COA d. Your house bank number cannot be set to be defaulted from house bank key State whether this statement is true or fals e 33. all of the above 31. the g/l account house bank name need not be the same as the bank’s name in the bank directory c. Each G/L account code in group COA can be mapped to following no. it cannot be mapped 38. one operating. account id b. many account codes d. Each account code in alternate COA can be mapped to following no. The G/L account for a bank is linked to a. Various account groups in one COA cannot consist of common G/L account codes. maximum three account codes c. One bank account is mapped in SAP to a. the g/l account house bank name is defined at the chart of account level e.30. one operating COA and many group COAs b. the g/l account house bank name is user-definable d. one house bank plus multiple account ids in the same bank e.

chart of account segment b. account groups are defined for a combination of COA and company code 43. Customer master has following segments a. range intervals in respect of documents c.e. for creation of vendor master. chart of account segment is mandat ory while entering a customer master 45.b. a. a. document date e. general data segment c. a and b. document no. range interval b. more than one document type can have same no. b and c. one document type can have more than one no. one customer can have different customer codes in various company codes b. range d. purchase organization segment d. all the account groups of customers can have one common no. ranges are defined at client level 42. Each account code in a chart of accounts is automatically available for use to all company codes using that chart of account TRUE/FALSE 41. a. account group is not required b. Following fields form part of the chart of account segment of a general ledger account master a. account groups are defined at COA level d. Which of the following statements are always true a. account groups are defined for a company code c. Which of the following statements are true a. account currency b. range intervals d. Ranges 44. sales organization data segment 47. fiscal year d.d.e . b. various company codes can have different payment terms with one customer d. A document is uniquely identified by a. one account group of vendors can have up to three no. reconciliation account can be used for the purpose of direct accounting entries by users c. different no. a vendor master cannot be created in the absence of a company code 46. document no. option to state whether it is a balance sheet or profit and loss type account 40. Which of the following statements are false a.39. company code c. Which of the following statements are true a. accounting data segment e. range codes can have same no. account groups are defined at client level b. one customer/ vendor account can have many reconciliation accounts b. account group c. one customer can have different reconciliation accounts in various company codes c. field status group d. period a and e. Which of the following statements are false a.

range d. A different field status can be ac hieved for different actions such as creation of account or change in master record. one to many c. no relationship 50. only company code segment data b. both COA segment and company code segment dat a d. Document type controls posting key. The relationship between house bank and account id is the following a. one account group can have one internal and one external numbering system . Which of the following is true in terms of vendor and customer master a. While creating a sample account. the control data in COA segment b. only control data of COA segment 53. various account groups can have same no. following information may be entered a. one account group can have only one no. all company codes in the client b. range can be allotted only to one account group c. Field status for a transaction entry is transaction dependent and account dependent c. etc. Which of the following statements are correct a. and gl accounts that can be used in the document d. all company codes in all the clients c. if blocked. only to the company codes to which the business area is assigned to d. at company code level b. TRUE/FALSE 55. from posting in all company codes c.48. only company code segment data c. one to one b. A G/L account can be blocked for the following purposes a. If a general ledger account is defined using a sample account. from posting in selected company codes d. Customer and vendors are defined in SAP at following level a. only COA segment data c. document nos. can be alphanumeric b. at company level 56. at controlling area level d. one account group can have either external or internal numbering system e. Document types are specific to a company code 49. from creating in company codes b. following data is referenced from the sample account a. all company codes assigned to the company to which the business area is assigned 51. field status group. many to one d. at client level c. many to many e. range b. entire master data 52. Business area once defined is available for use to a. one no. only account control and account management data in company code segment d. only account control and account management data from company code segment e. is blocked for all the purposes in all the company codes 54. cannot be blocked at all e.

the field identification is used to run print program 65. In the payment proc ess. Which of the following are true a. each business event creates an accounting document in R/ 3 b. once the parameters have been specified. the G/L account names for house banks are us er-definable c. is blocked for all the purposes in all the company codes 58. by activating payment method supplements. select open invoice to the paid or collected. proposal program run. Which of the statements on payment program are correct a. special G/L transaction to be paid. from creating in company codes b. Which of the following statements are true in respect of payment program configuration in all company codes areas a. Which of the following statements are true a. automatic options to the users are a. Which of the statements on doc ument principles are correct? a. by specifying the vendor/customer. we can print and sort payments . G/L account names for house banks can be different from those in chart of accounts 66. at company code level. the run date is recommended to be the actual date when the program is executed b. Changes in customer or vendor master are tracked and can be seen in SAP. any payment block can be removed in payment proposal edit b. post payment doc uments and print payment media c. print b. the G/L account names for house banks are defined in bank directory e. a business event might trigger more than one document in R/3 c. A customer account can be blocked for the following purposes a. we can process specified special G/ L transactions only c. post payment doc uments and print payment media 61. from posting in selected company codes d. the G/L account names for house banks could be the bank name and account number d. if blocked. cannot be blocked at all e.57. there are four steps in payment proc ess: parameters. TRUE/FALSE 64. items that cannot be paid are deleted in the exception list 62. select open invoic es to be paid or collected. only line item payment block can be removed during the payment propos al c. and post payment documents b. TRUE/FALSE 59. the G/L account name for house bank must match the names given to the house bank in the bank directory b. R/3 will link related documents in the system 60. from posting in all company codes c. sending company code and paying company codes are same always b. E very run of the payment program is identified by two fields – run date and identification. the print program is scheduled to generate the print 63. Which of the following statements are true a.

we can assign two dunning procedures to customer master records c. enter it in the directory of financial statement version b.67. define check lots in order to print checks b. dunning dat a is updated in the master records of respective customer/ vendor 71. we cannot delete the proposal c. all company codes in the payment run paramet ers must be in the same country b. a payment method can only be used if it is entered in the account master record c. one time accounts cannot be dunned b. Say true or false a. An item whose days in arrears are smaller or identical to the grace periods. the exception list is a part of the payment proposal 70. R/3 uses same interest calculation indicator for each combination of interest variables. bank det ermination area a. the date of the ‘last dunning run’ in the customer master record b. Two steps to define financial statement versions are a. the dunning procedure in the customer master record for the next dunning run 75. without ranking order. the payment proposal can only be edited. What information does a dunning run change? a. system will not process the payments b. four b. we can edit proposal b. nine 73. the dunning level in the customer master record c. check lots are used only for automatic payments 69. each interest id must be assigned an interest calculation type c. dunning procedure can process only standard trans actions d. Which of the following statements are true a. deleted and recreated as often as desired d. currency 76. Which of the statements are true a. define hierarchy levels and assign accounts . calendar types. bank payment methods combination is must to define ranking order c. Which of the statements are true when running the dunning program a. form (lay out set) specific ations in the customer master record for the text in the next dunning letter e. dunning program will consider for the dunning notice. Which of the statements are true in respect to configuration of payment program. we can calculate interest on G/L account under interest on arrears method b. the dunning level in documents for which dunning notices are created d. system will not process the payments 68. which of the statements is true a. six c. after completing the dunning proposal list. we can recreate the proposal until the dunning clerk is satisfied with the result d. TRUE/FALSE 74. If we are using check management. such as calculation frequency. without maintaining the value date in bank selection. interest can be posted at the time of dunning run 72. The maximum dunning levels can be defined in dunning procedure are a.

aut omatically c. both of the above 81. only balance sheet items (G/L items) c. account currency is same as local currency of the company code c. field status of transaction fields b. through period end processing . direct FI postings c. field status of master fields c. we can set a minimum amount for dunning charges on each dunning level 78. we can not specify per dunning level that interest is to be calculated b. Foreign currency valuation is possible a. through special G/ L transaction b. only for vendor/customer open items b.77. Which of the following statements are false a. Which of the following statements are true a. account currency is different from company code currency d. Which of the following statements are true a. when we are valuating open items without update for reversal of the adjustment posting after key dat e. Single ret ained earnings accounts. You can carry forward P&L account balanc es to a. under all circumstances 86. Individual value adjustment for doubtful receivables are possible a. the G/L is updated online/real time 82. system carries out adjustment postings c. both of the above 80. You can post transactions to an account in any currency only if a. Single ret ained earnings account. number range and whether accounts are p&L ot B/S 85. through background proc essing (batch input session) b. We cannot select individual business transactions for locking from a lsit of all the actual and plan business transactions. Account groups are used to control the following properties a. Multiple retained earnings accounts. automatically b. key user can define another posting date in place of keydate + 1 b. Depreciation postings can be ex ecuted a. we cannot assign account group according to balance c. Multiple retained earnings accounts. we cannot print a dunning notice in a legal dunning procedure. drill down reporting is a tool that enables to analyze sub-ledger transaction amount 79. account currency is not maintained b. although no further account movements have occurred c. through normal transaction c. field status of master fields and number range d. any one of the above 83. TRUE/FALSE 84. through period end processing d. a financial statement version consists of maximum 9 hierarchy levels b. when we have regrouped the rec eivables/ vendors. field status of master fields. allocating costs to financial accounting through external settlement.

customer and vendor line items d. How many parallel currencies are possible and at what level they are assigned? a. opposite dr/cr indicator and same entry in fields that are configured for automatic clearing b. You can clear open items only when they have same a. G/L. accounts managed on open item basis having foreign currency transactions and all accounts with account currency different from local currency 90. field status of transaction screen. 2 local currencies. worklists d. dr/cr indicator. Default exchange rate picked up during FI doc ument is a. You can display account balances of several relat ed accounts through a. account types. customer and vendor line items b. business area. field status of transaction screen. dr/cr indicator. Posting keys are used to decide a. special G/L applicability d. company code d. field status of transaction screen 95. balancing company code level balance sheet for inter company transactions c. opposite dr/cr indicator and same entry in fields that are configured for automatic clearing 89. sample document b. account types b. worklists d. dr/cr indicator. posting vendor/customer reclassification at business area level 92. company code . Easily entered document entry templates are called a. there is no default exchange rate type 88. chart of account b. Invoice receipt against GR 93. exchange rate maintained for type ‘G’ d.87. posting adjustment entries for changed reconciliation accounts d. exchange rate maintained for type ‘B’ b. opposite dr/cr indicator c. 2 local currencies. business area. 3 local currencies. G/L line items c. You run BA/PC adjustments for a. account assignment models c. sort key c. all accounts b. Fast entry screens in FI are used to enter a. Foreign currency valuations on G/L accounts are performed on the following accounts a. exchange rate maintained for type ‘M’ c. account groups b. amount. amount and opposite dr/cr indicator d. account types c. all accounts managed on open item basis c. amount. 3 local currencies. all accounts managed on open item basis and all accounts with account currency different from local currency d. balancing BA level balance sheet for inter business area transactions b. amount. chart of account c. totals variant 91. recurring documents 94. dr/cr indicator.

vendors and customers c. Financial statements can be generated in a. Cross company code transactions are carried out bet ween company codes 0001 and 0002 in the year 1999. recurring document . general data. plant data 100. This is created from company code 0001. the alternative rec onciliation account and the main reconciliation account of the vendor/customer d. If you do not want to enter a document with provision for updating the ledger on approval from authorized officials.96. Group key assigned to vendor master records control the following a. account assignment model d. Check management with relation to outgoing payments is possible for open items for a. business area data. general data. company code data. 9800004236000299 97. it is a combination of up to three fields based on which open invoices are selected for manual payment 101. any currency for which customization is maintained 99. 000198000052100001 b. external c. vendors b. basis for grouping several vendors for balance display c. business area data d. the alternative reconciliation account mapped to the main reconciliation account of the vendor/customer c. it is a combination of up to three fields based on which open invoices are selected for automatic payment b. internal b. you use the following functionality a. The accounting document created for 0001 is 9800005210 and that for 0002 is 9800004236. 9800005210000199 d. 980000423600020001 c. controlling area currency d. the document number must be a. document currency c. internal or external d. customers and G/L accounts d. offsetting entry to the main reconciliation account of the vendor/customer 102. company code data. When you reverse a posted document. sample document c. purchasing data c. parked document b. The views maintained for vendor master data are a. Posting through a special ledger indicator affects a. company code data. general data. local currency b. basis for classifying vendors for standard reporting d. vendors. manually assigned 98. vendors and G/L accounts 103. company code data b. general data. the main reconciliation account of the vendor or customer b. The cross company code number generated is a.

a bill of exchange receivable items is cleared during a.100 b. reclassify where debt ors have credit balance and vice versa b.41 = $1. bank through which payment is effected is based on a. reclassify open items by remaining life c. plant-sales area combination d. residual payment b. partial payment c. plant-division combination b. plant-division-distribution channel combination c. distribute difference 111. Payment needs to be made against invoices with payment blocks created during invoic e verification. regular items 105. all of the above 107. Accounting for down payment request involves a. it is credited with $100 (exchange rae USD: INR = 1:40). reclassify by changed reconciliation accounts d. the following activities are performed a. house banks maintained for specific business areas c.100 c. statistical items b. revers al of contingent liability d. GR/IR account is managed on open item basis. releas e block in MM b. How do you assign credit terms while drawing a bill of exchange on your customer? a. by assigning due dat e to invoice item 112. by assigning payment term to invoic e item d. Uf ckearubg fir $100 is done for the GR/IR account. by reallocating in the payment proposal d. dr Rs. plant-division combination and sales area 106. clearing against outstanding advances from the customers 110. noted items d. cr $100 d. ranking order and available balance in the accounts 108. When you carry out automatic payment. discounting the bill b. by assigning payment terms to bill of exchange item b. transfer posting with clearing c. and the indicator balance in LC only is ticked. During a GR. Business area is determined for accounting documents generated automatically from logistics modules are on the basis of a. charge off difference d. parked items c. ranking order of house banks b. exchange rat e is Rs. what is the foreign currency exchange rate posting? a. Payment block can be removed by a. changing the field entry from the invoice document c. house banks entered in the parameters of the run d. cr Rs. no exchange rate posting . At the time of invoice receipt.104. In SAP. cannot be removed 109. When you carry out regrouping through AR or AP. In which of the following processes do the original invoic es remain as open items a. by assigning due dat e to the bill of exchange item c.

business area balanc e sheet will always balance d. use dunning clerk to block dunning d. a company code can have many business areas c. dunning area 115. use dunning key to limit the maximum level b. totals variant c. line layout d. a plant can be assigned to many company codes 119. sort variant b. customer. the SAP entity used to distinguish and control the process is called a. asset. vendor d. vendor. What are true with res pect to business area a. additional fields 117. client 001. none of the above 121. dunning key c. use of business area is not optional in R/3 system d. customer. vendor. dunning clerk d. Which of the following statements are correct a. client 000 and 001 e. a company code can have many business areas 118. a business area can be across company codes c.113. asset 114. client 000. 001 and 002 b. GL b. testing client 777 and training 999 . customer. balanc e sheets and profit and loss statements can be drawn up for business areas 120. If you do not want to dun a vendor beyond a particular level a. When several organizational units carry out dunning within a single company code. material c. a company code must be assigned to one chart of accounts only c. Which of the following statements may be false with respect to a business area a. customer. you choose a different a. If you want to chose a different set of fields in a vendor account line item display. they are used for internal P&L and balance sheets d. a company code can have many6. vendor. What are the different account types in SAP? a. GL. client 001. Which of the following statements are correct with respect to business area a. the use of business area is optional b. testing client 777 and training client 999 c. dunning procedure b. a plant is assigned to only one company code b.002 and training client 999 d. business areas b. a chart of accounts can be assigned to multiple company codes d. one business area can be used for many company codes b. use dunning block on the vendor master c. business areas must be assigned to company code in the IMG c. The standard delivery clients in a R/3 system are a. 000. 000 . use dunning block on the dunning procedure 116.

the highest technical entity in R/3 d. enterprise cont rolling 125. customer and application b. the data server e. company code c. For a user with two us er ids to the same SAP R/3 client. an individual PC in which batch inputs are done for uploading to SAP at a later date c. controlling area d. a company code can have many plants b. main menu. a company must be linked to a controlling area d. a company can have many company codes c. The entity in R/3 to provide financial statements and results at the lowest level is a. application. twelve d. The three tier in R/ 3 system is represented by a. main menu. client. company b. business area d. an operating concern can indirectly contain only one company code 127. The menu hierarchy in standard R/3 system is a. application menu and user menu 129. application menu and help menu d. six b. plant e. a company code must always be assigned to a company e. applic ation menu and task menu b. of sessions that could be open are a. Which of the following statements is always false wit h respect to a company code a. R/3 application and data base e. presentation client. applic ation menu and help menu e. main menu. system menu. a company code can be linked to only one cont rolling area d. task menu and help menu c. the maximum no. a company code can have many companies c. What are all the possible meanings of the word ‘client’ that have been used a. a sales organization can be assigned to only one company code b. a company code need not be linked to an operating concern e. company code 128. twenty four . nine c. data base. data base and customer of R/3 124. a company code can have many sales organizations 126. a customer implementing R/3 system b. Which of the following statements are always true a. programs d. controlling area c. plant e. user and application c. client menu. operating concern b. eighteen e.122. Which of the following entities are optional to implement the core financial module of R/3 a. user. data. sub menu. the front end presentation PC which interacts with SAP system 123.

client. client number/id b. functional area e. language 131. Which of the following entities cannot be directly assigned to a company code a. implementation assistant c. language d. A user has multiple sessions open and when open of the session is closed by the user a. business navigator d. advantage in business applications programming 135. the system does not automatically save the dat a/information of the session being closed b. business navigat or e. user id. The ASAP CD contains a. The order of fields as they appear during the log on to an R/3 system is a. user id/name e. system prompts for saving the dta of the session being closed at the time of user log-off from the system 133. password. business area c. enterprise scope area document must e prepared for initial project planning c. advanc ed business applications programming d. client. The configuration of the R/3 is done through a. advances in business applications programming b. the implementation guide b. password. the project kick off meeting is very essential to involve all the key users and project team members to communicat e the objectives and mission of the project e. technical requirements planning must be taken up . financial management area 134.130. system always automatically saves the data/information of the session being closed without prompting’ d. concept check tool d. applications in business and advanced program c. client. client id. and warming messages 132. session number c. error. Q&A Db 137. data server name/id d. information. project plan must be prepared d. the business blueprint document must be prepared b. sessions manager 136. ABAP stands for a. Which of the following statements are true regarding ASAP – project preparation phas e a. advanced business for advanced program e. password b. language. system always prompts for saving the data in the session being closed c. controlling area d. user id. company b. business engineer e. the implementation assistant c. the implementation guide b. user id. password c. Which of the following is not seen by the user normally in the status bar of the SAP screen a.

business blueprint document shall be generated 139. and transaction data d. master data. he volume and stress test must be conducted on the same system in which user training is done b. Which of the following are correct: a) resetting of cleared items creates more entries in the system. table dat a.138. master data. Credit management in SAP always refers to one customer. implying there is no company code data. another number is created 144. same controlling organization structure TRUE/FALSE (142 to 159) 142. and has got no separate master data of amount limits . the power (key) users shall not be involved in the testing process as it would hinder timely completion of the activity d. While parking a document. We cannot create G/L account only for chart of accounts. master data. the standard reference model of R/3 system cannot be directly accessed from the Q&A db d. a temporary document number is created 143. table data and server data 141. same fiscal year variant c. table data. table data. 147. when the business processes are identified and updated in the system. Which of the following statements re true with respect to testing and quality reviews as recommended by SAP a. same currency b. and user data c. external consultants must always carry out quality control 140. d) for reversal of check payment document with clearing. GR/IR clearing has to be done only manually 148. Payment advic e is a note of approval and cannot be used in payment of vendors 150. testing a tool which avoids retrospective changes and acts as an early warning system to correct the customization of business processes c. transaction dat a. SAP can pay only to vendors 149. b) resetting of cleared items reinstates the original entries and clears the clearing entry. What are the three data types in SAP a. when customer inputs are updated on the Q&A db. Various company codes access a controlling area should have a. c) resetting of cleared entries will not do anything. a list of activities to be taken up in IMG for customization is generated c. same chart of accounts d. When we canc el/delet e the parked document. Number range in FI are at company code level strictly and year dependant 145. user data and transaction data e. resetting is a must 146. there must be quality control of the first four stages before the ‘go-live’ phase e. there is a direct automatic updation of the IMG for the business processes/components in scope to be customized b. and balance data b. Which of the following are true wit h respect business blueprint phase a. master data.

Is it possible to give this option in SAP? 155. What are the five milestones in ASAP methodology? 165. _______________ command is used 168. and change the address 153. functions. Is it possible to customize this? 157. All the data and programs are stored in_____________ server in R/3 162. different document types were created. messages 170. As per customer requirements. Customer wants some standard texts to be maintained and noted which will be selected b y the users while entering G/ L line items. when they post to previous year at the year-end. b) one has to go financial accounting global settings. _______________ area is business unit where cost accounting is carried out in SAP . You can find transaction code for the function you are working in under ________ option of __________ menu 169. a) one needs to go to enterprise structure and at definitions. Is it possible to book a vendor invoice – 30% due in 30 days. Now he wants to get it automated while doing transactions like invoice and credit memo for vendor and customer. TRUE/FALSE 164. Creating of bank master is always at a country level 152. BAPI is assigned to one and only one business object. c) one needs to go to financial accounting – company code – global paramet ers. What are the three elements (servers) of R/ 3 system? 161. Customer wants a warning message to be given to all users. In India. 50% due in 15 days and 20% aft er a year? 154. menus. But the condition was that it is valid only up to 31-3-2002. Is it possible? 158. What is long form of BAPI? 163. Bank has debited the cash credit account interest and mentioned same in the bank statement. and change the address. then. and then to sub ledgers 160. If the address of a company code needs to be changed. ________ key is used for help on fields.com? 167. Can it be posted through bank reconciliation statement entry or does it need a separate journal entry to be passed? 159. What are the new dimension products of SAP in cooperative business scenario? 166. change the address. Highest level element of all organizational units is the _________ 172. What are the two major elements of mySAP. User specific settings are done in ____________ option of ___________ menu 171. SAP first posts to G/L. a Gujarat surcharge is passed at central level and is customized.151. To delete the current session. Is it possible? 156.

Company code is ____ character __________ 175. More than one cash journal can have the same cash account TRUE/FALSE 191. annual displacement indicator is used. TRUE/FALSE 199. _________ chart of accounts is used for consolidation 181. 198. ___________ is the dat e from which the due dat e is derived .173. TRUE/FALSE 195. One number range can be assigned to several document types. Document number range can be ____________ and __________ 193. TRUE/FA LSE 183. TRUE/FALSE 178. _____________ is central organizational structure in profitability analysis 186. Name them 177. TRUE/FALSE 174. Purc hasing is done by ____________ organiz ation for a ___________ 184. Business areas are company code dependent. TRUE/FALSE 196. More than one plants can be attached to a single company code. ___________ & ________ are two segments of a chart of account 179. In case of ___________ number range. ____________ is the main criteria for defining an asset 189. One doc ument type can have more than one number range. One chart of account cannot be assigned to more than one company code. A field status within an FI document is controlled by three factors. TRUE/FALSE 187. ____________ are used to keep more than one valuation basis for depreciation 190. In case of non-calendar fiscal year. What are the three steps for standard procedure for posting procurement transactions in FI? 185. TRUE/FALSE 176. Fiscal year variant can be of t wo types. Vendor account is defined at _________ level 182. Posting keys are defined at __________level 197. number ranges are attached to G/L account. Several company codes can use the same posting period variant. Receivables and revenues are posted when ___________ document is created in sales and distribution module 188. TRUE/FALSE 180. ______________________ are two elements of an SAP FI document 192. In case of G/L account. One company code may contain several sales organizations. same document number will be taken for new fiscal year 194. Name them.

automatic options to the users are a. a. All R/3 applications and functions process exchange rates using ______ and _______ quotation 206. In the payment process. Each business event creates an accounting document within R/3 d. then payment terms from __________ segment will be defaulted 201. If customer invoice is created in SD. You can close a fiscal year even if you have parked documents. The field identification is used to run print program .. only line item payment block is removed during the payment proposal c. post payment document b. The run date is recommended to be the actual date when the program is executed b. post payment doc uments/print payment media c. TRUE/FALSE 203. Validations are performed before substitution. ____________ posting is one of the methods of document reversal 202. select open invoic es to be paid or collected. If an account is managed with open items. parameters. select open invoices to be paid/collected. viz.200. Which of the following are true. Base amount is either _____ or ________ item 208. items that cannot be paid are detailed in the exception list 215. the print program is scheduled to generate payment media 216. While posting a parked document. Tax code contains the ________ 209. E very run of the payment program is identified by two fields a. once the parameters have been specified. Reconciliation account type for vendor is ____ and customer is ____ 210. print b. run date b. A business event triggers only one document within R/3 c. _____________ keys contain further specifications for account assignment in tax calculation procedure 207. document number is changed. any payment block can be removed in payment proposal edit b. In consolidation. program. Which of these statements on document principles are correct? a. print payment media 214. identification 217. there are four steps in payment proc ess. R/3 can assign the document numbers always b. Which of the following statements are true a. post payment doc ument. TRUE/FA LSE 205. proposal. R/3 will link relat ed documents in the system 213. then ___________ must be activated 211. TRUE/FALSE 204. company codes are attached to __________ and business areas are attached to ______________ 212. Which of these statements on payment program are correct a.

deleted and recreated as often as desired d. the G/L account names for house banks could be the bank name and account number d. dunning program will consider for the dunning notice. dunning dat a is updated in master records 224. dunning procedure can process only standard trans actions d. system will not process the payment b. system will not process the payment 221. at company code level. the G/L account names for house banks are defined in bank directory e. six c. When running the dunning program a. we can process specified special G/ L transaction only c. the G/L account name for house banks must match the names given to the house bank in the bank directory b. we can print and sort payments 220. we can recreate the proposal until the dunning clerk is satisfied with the result d. we cannot delete the proposal c. Which of the following statements are correct a. all company codes in the payment run paramet ers must be in the same country b. An item whose days in arrears are smaller or identical to the grace periods. a payment method can only be used if it is entered in the account master record c. True/ false a. Which of the following statements are true in respect to payment program configuration in all codes area a. the payment proposal can only be edited. nine 226. bank/payment method combination is must to define ranking order c. If we are using check management. interest can be posted at the time of dunning 225. Which of the statements are true in respect to configuration of payment program bank det ermination area a. four b. without ranking order. sending company code and paying company code are same always b. The maximum dunning level can be defined in the dunning procedure is a. TRUE/FALSE . one time accounts cannot be dunned b. define check lots in order to print checks b. Which of the following statements are true a. G/L account names for house banks can be different from those in chart of account 219. we can edit proposal b. check lots are used only for automatic payments 222. the exception list is a part of the payment proposal 223. by activating payment method supplement. which of the statements is true a. by specifying the vendor/customer special G/L transaction to be paid.218. the G/L account names for house banks are us er definable c. without maintaining the value date in bank selection. after completing the dunning proposal list. we can assign two dunning procedures to customer master records c.

only balance sheet items c. Foreign currency valuation is possible a. only vendor/customer open items b. define hierarchy levels and assign accounts 231. Which of these statements are true a. when we have regrouped the rec eivables/ vendors. enter it in the directory of financial statement version b. TRUE/FALSE TRUE/FALSE (237 to 281) 237. direct FI postings c. a financial statement version consist of maximum 9 hierarchy levels b. Depreciation posting can be executed a. allocating costs to financial accounting through external settlement. any one of the above 236. Individual value adjustment for doubt ful receivables are possible a. system carries out adjustment postings c. Which of the statements are true a. when we are valuating open items without update for reversal of the adjustment posting after key dat e. both of the above 233. each interest id must be assigned on interest calculation type 230. G/L master record is always for all company codes in the system 238. To set up the financial statement version in your company. from (layout set) specifications in the customer master record for the text in the next dunning letter e. maximum limit is 9.227. we cannot specify per dunning level that interest is to be calculated b. What information does a dunning run change? a. although no further account movements have occurred c. drill down report is a tool that enables to analyze sub ledger transaction figures only 232. we cannot assign account group according to balance c. Which of the following statements are false a. through batch input session b. currency is a required field entry while creating G/L master . the dunning procedure in the customer master record for the next dunning run 229. through special G/ L transactions b. the date of the last dunning run in the customer master record b. the G/L is updated online/realtime 235. Which of the following statements are true a. we can calculate interest on G/L accounts under interest on arrears method b. user can define another posting date in place of key date +1 b. Two steps to define financial statement versions are a. the dunning level in documents for which dunning notices are created d. the dunning level in the customer master record c. we cannot print a dunning notice in a legal dunning procedure. both of the above 234. we can set a minimum amount for the dunning charges on each dunning level 228. through normal transactions c.

it is not possible to create a due date for a down payment 262. clearing does not create any document 253. it is not possible to calculate the due date on fixed dates like end of month with days calculation 249. tax codes are time dependant 243. it is not possible to use two check series for making payment 258. juris diction codes are not used at all while creating tax codes 244. bank statement ent ry into the SAP does the automatic clearing . payment request clears the entries in AP and AR 264. posting key is linked to field status in FI posting 265. payment to anybody by passing a G/ L entry without AP/AR is a standard functionality of SAP 266. payment terms are company code dependent 248. residual payment creates another entry keeping all entries open 257. we cannot control the postings to the G/L by way of tax codes entry for a G/L account. account group cannot be created with external number range 245. 240. it is not possible to void unused checks 259. reversal of voided checks is a standard functionality of SAP 260. in AP and AR. SAP does not allow bill of exchange accounting 263. SAP cannot automate the payment method entry into the vendor invoice entry screen 250. tax codes are creat ed at company code level 242. partial payment creates another entry without any link to the original entry 255.239. it is not possible to show the checks with a value range and issued by a user 261. all special G/L transactions are posted to G/L accounts 251. tax codes are creat ed and operated at country level 241. reconciliation account definitions are available in general data of vendor master 246. reconciliation account definitions are available in payment data of general data in customer master 247. payment cannot be made by adjusting a special G/L transaction which is posted in G/L 254. down payment creates another ent ry without any link to the original ent ry 256. it is possible to get the report of customers created by a user in a company code 252. we cannot create manual checks for payment to business partners and update in the system 267.

same country COA c. value date.268. field status group d. it is possible to define the standard translation method of foreign currency in the posting key 274. same group COA d. customer makes multiple checks for one invoice. system allows you to enter the date interval – from and to. the field status of the text field in the header of a document is controlled by’ a. which will make a direct posting into the G/ L 269. account type b. etc. Customizing is available in G/L master and field status groups 271. different operational COA 283. every transaction results in a document a. completely false 284. we want document header text to be a mandat ory entry. base line date. through bank statement ent ry. physical invent ory is a MM/PP module transaction and hence no accounting entry is passed in G/L but real stock is adjusted in MM/PP 280. commission. MIS reports based on financial books like ratios can be done through financial statement version 278. posting key . all FI entries will be repeated in CO module also 279.in case of foreign currency translation rates 275. system date and due date in the entry screen of customer/ vendor invoic e are the same 273. It is not possible to enter in SAP by keeping all the check details and updating against one invoice 282. chart of accounts view of G/L account keeps the data like general data in customer account – common data 270. Company codes attached to the same controlling area have a. whenever an FI entry is made. it is not possible to see document currency and company code currency at the same time during document display option 272. completely true c. document type c. posting date. and hands it over to the company which is running with SAP with all modules. we can ent er the entries like bank debits for bank charges. same operational COA b. it is a real problem in SAP-in financial statement version we are not able to find the G/L accounts which are not assigned 277. it is user definition whether SAP will control the open item selection 276. document date. partially true b. payment to vendor of a specific bill cannot be blocked in SAP 281.

SAP supports a minimum of 1 line item (except for noted item) c. It causes an error b. completely false 293. the field status of the fields in the company code data are controlled by a. completely true c. the rates of tax is defined in the account key a. Cross company posting is possible for companies with different COA a. completely false . the alternative account number is a free flowing field a. completely true c. Completely true b. completely true b. completely false 295. validation takes priority c. account group b. substitution takes priority d. partially true c. partially true c. completely false 292. completely false 288. ‘set data’ sets the dcata permanently in the system. partially true b. completely true b. SAP supports a maximum of 999 line items b. completely false 289. when the same field has both a validation rule and a substitution rule a. a primary cost element needs to be created immediately if the company code is assigned to a controlling area a. partially false c. The transaction figures in a document need to match 286. Completely false 287. partially true b. the cross company code transaction number is taken from its document type a. transaction/activity type d. completely true b. partially true b. completely true b. completely false 291. partially false c. for every G/L account. account type c. which of the statements are true a. whereas the hold data function does it till the session is on a. completely true c.285. chart of accounts 290. Reconciliation accounts are updated on a daily basis a. the rule that was created first takes priority 294. the field status of the field group account number in the G/L master is controlled by the account group a.

completely true b. completely false 303. partially false c. partially false c. keeping posting period for account type + open allows a. completely true b. a vendor invoice needs a GR to be posted a. if business area balanc e sheets are enabled for a company code. creating all line items for the posting period c. completely false 298. completely false 301. creating a document header for the posting period b. completely true c. completely false 304. completely true b. every line item of a document needs to have a unique posting key a. creating line items for account types whose posting period is open 306. there can be any number of posting periods open for a company code a. completely false 300. completely true b. creating line items for account types which have been assigned to + d. completely true b.296. partially true c. completely false . suppressed b. many business areas can be assigned to one company code a. completely false 299. partially false c. partially true c. a fiscal year that is a same as a calendar year needs a year dependent fiscal year variant a. partially true b. completely false 305. then the field business area in the account assignment screen can be a. completely true b. partially false c. optional c. completely false 297. partially false c. completely true b. partially false c. the document number range for reconciliation accounts can have external numbering a. every company code can have only one cash journal a. required 302. completely true b. display d. posting periods can be closed automatically by giving a deadline date a. field status groups are created at the client level a.

partially false c. the document date b. a group COA d. and all accounts under the house bank have the same G/L account a. completely false 309. completely true c. condition types b. completely true b. any of the above 311. documents cannot be reversed a. base line date is a. completely true b. completely false 308. account key c. every company code must have a. completely true b. entry date d. tax code d. tax calculation rules are controlled by a. partially false c. posting dat e c. completely true b. bank G/L accounts are assigned to house banks. if no reversal reason is created and assigned 310. base currency is assigned to the company code a. completely false 312. all line item display accounts need to be open item managed a. partially false c. at least two COAs 314. completely false . operational COA b.307. completely true b. a country COA c. if the document type does not have a reversal document type attached to it d. tax procedures 313. partially false d. completely false 315. partially false c. if the company code does not allow negative postings b. every house bank needs to have at least one account id a. partially false c. all of the above e. for getting the transaction figures for an account line item display needs to be activated a. completely false 316. partially true b. if document type does not allow negative postings c. the account group must be for P&L items for accounts which are P&L accounts a.

which of the following statements are true a. company code only d. deleted and archived from the system c. FI. none of the above 322. the automatic payment program can be run for a. none of the above 326. company code and purc hasing organization levels b. can be in any period independent of the posting dat e 324. sub ledger only b. the base doc uments are a. all of the above . general. the reconciliation account for the special G/L transactions is defined per company code c. general level only c. general ledger account only d. must be in a period higher than the posting date c. statistical postings create only one line item 320. When the automatic clearing program is executed. the user can create his own trans actions types for cash journal business transactions a. completely true b. need to be identified in the special G/L trans action type as a noted item c. partially false c. posting using the special G/L indic ator updat es a. must be in a period lesser than the posting date d. noted items a. FI & MM modules d. general and purchasing organization levels only 321. centrally b. create only one line item b. in the FI module only d. sub ledger and the general ledger accounts c. The vendor master contains data at a. all of the above 323. vendor and customer accounts c. vendor accounts only customer accounts only b. special G/L items post into a separate reconciliation account b. cleared. in the MM module only c. cleared and delet ed from the system b. are always available for credit control 319. FI module only b.317. MM and S D modules 325. where can the vendor master be created a. cleared in the system d. completely false 318. MM module only c. must be in the same period as the posting date b. the document date a. vendor invoices can be entered in a.

a residual item posting in the vendor’s account a. company code only d. 10 c. numeric only c. revers es the original line item d. sending reminder letters and creating debt provisions c. credit to customer account b. what is the maximum permissible length of an internally generated vendor number a. cost object assignment b. 21 c. credit to vendor account 335. allocation c. alphabets only b. payment term d. 11 b. house bank ids can be a. which of the following are valid additional account assignments a. general level only c. revenue object assignment d. sending reminder letters only b. generates a parking document 330. none of the above 333. none of the above 329. general. generates a new line item b. the dunning program can be configured for a. a cost and revenue object assignment c. general and sales organization levels only 334. any of the above 332. reduces the value in the original invoice line item c. debit to customer account c. any of the above . alpha numeric d. project b. 12 d. the customer master cont ains data at a. creating debt provisions only d. which of the following posting keys is relevant for accounting bills of exchange of a vendor a. debit to vendor account d.327. company code and sales organization levels b. in the standard system the posting key 25 refers to a. 18 331. posting to an expense account needs a. 39 d. 6 b. 19 328.

none of the above . G/L. an actual entry in the vendor accounts d. an actual entry in the customer accounts c. when posting to a one time vendor or customer a. 01 b. any of the above 340. customer accounts c. G/L. G/L accounts d. the address details are entered as a part of the transaction d. in the SD module b. 01 b. the address details have to be entered into the master before the transaction is entered c. can post. an actual entry in vendor and customer accounts 339. G/L c. clear and delete the base invoices d. none of the above 337. 05 c. can clear without posting c. which of the following sequences of creating master accounts is logically correct a. vendor accounts b. customer. centrally d. can post and clear vendor and customer line items b. Bank. 09 d. 09 d. which of the following posting keys is relevant for accounting guarantees given to a customer a. 05 c. 19 342. 01 b. which of the following posting keys is relevant for accounting guarantees received from a customer a. 05 c. Incoming payments a. A down payment request makes a. 09 d. in the FI module c. All of the above 344.336. None of the above 338. bank. customer b. interest calculation can be done for a. it is not possible to store the address details b. a noted item posting in the vendor or customer accounts b. 19 343. where can the customer master be created a. which of the following posting keys is relevant for accounting bills of exchange of a customer a. Customer. 19 341. bank d.

which of the following fields can be changed in the document change mode a. a temporary document number is generated but the document is not posted c. the document is posted with the actual document number d. one chart of accounts can contain only one chart of accounts 349. company code and business area b. cost center and profit center 348. 18 d. 2 b. what are the organizational entities for which the profit and loss statement and balance sheet can be generated a. what field on the customer master rec ord controls whether we will accept an incoming payment for less than the amount invoiced a. 50 c. one account can be posted to by only one number range d. 52 352. what is the no. one number range cannot be used by multiple document types . payment method d. When a document is parked a. 12 b. 999 353. profit center and business area d. 24 346. 10 c. 6 b. what is the maximum possible length of an internally generated customer number a. company code and profit center c. the actual document number is generat ed but the document is not posted b. of periods available in a fiscal year a. of line items allowed in an accounting doc ument a. allocation b. which of the following statements is true a. the document is posted with a temporary document number account number 351. one company code can use multiple chart of accounts b. bank key 347. G/L account no 350. posting dat e c. one document type can use multiple number ranges c. tolerance group c. what is the maximum no.345. sort key b. document date d. 16 d. one chart of accounts can be used by multiple company codes c. which of the following statements is true a. 14 c. 100 d. one document type can use only one number range b.

posting key and G/L account levels c. deleted c. always b. the document currency a. any accounting document can be reversed b. a group of line items d. 18 355. never c. must be the currency defined in the G/L master . none of the above 362. 8 c. can be any currency b. all of the above 357. multiple company codes b. only documents posted through the parking method can be reversed c. multiple business areas c. only documents with external numbering can be reversed d. multiple cost centers d. G/L account level only d. what is the maximum permissible length of a G/L account number a. modified b. when is the business area level balance sheet self balanced a. 10 d. when the materials management period closing is complet ed 358. the currency for a document is determined for a. None of the above 356. must be the company code currency c. only documents with internal numbering can be reversed 360. when the business area clearing closing procedure is run d. is the currency of the chart of accounts d. the whole doc ument b. 6 b. 12 359.354. each line item c. a transaction can span a. 9 d. all of the above 361. posted d. 3 b. the fields available for posting in a transaction are controlled through the field status group at a. which of the following is true a. what is the number of sub levels at which accounts can be grouped in the financial statements version a. 6 c. posting key level only b. a parked document can be a.

items on that account can be cleared c. 003 c. it integrates three basic modules. the local currency of a transaction a. none of the above 365. logistics and HR c. what is meant by the option line item display in a G/L account master record a. is always the company code currency c. eliminates duplicate entries d. line items and balances can be displayed d. tax code in the vendor/customer masters b. 006 366. it has three tier architecture representing database. single entry accounting becomes easier 371. items on that account can never be cleared b. it requires three servers b. 001 b. HR & PP modules only 367. Specific modules other than FI c. 005 d. is determined by the country field in the customer/ vendor masters 364. rather than consecutively. can be ent ered by the user b. generates payment orders and accounting trans actions c. CO module only d. Benefits of integration are a. What is meant by the option open items management in a G/L account master record a. is the currency of the chart of accounts’ d. none of the above 370. only line items can be displayed b. an account with automatic posting only indicator can be posted from a. application and front end presentation d. BAPI and RCF . R/3 is called so because a. This reduces process time b. what dictates whether a document line item requires a tax code a. processes can be done concurrently. tax category in the G/L master c. FI module only b.363. only balances can be displayed c. FI. optional ent ry in every transaction d. it has three tier architecture representing GUI.. generates accounting transactions only d. viz. the automatic payment program a. what sort key is used to sort line items by document currency amount a. none of the above 369. no balances are available for that account d. none of the above 368. generates payment orders only b. data moves through internet plat form and access becomes faster c.

EC c.AR.PM. partially true c.TR.MM. It is a must to create group company before any transaction processing a.AR.PP. completely false d.QM.HR 373.372. COOM.AA.TR c. partially false 379. business area is a legal entity for which you need a balance sheet a. partially true c.AR.CO. partially true c. Goods delivery 374. PR-PO-GR-INVOICE VERIFICA TION-VENDOR PAYMENT d.AR.PP.LC. GL. completely true b.SD.QM. CM d.IS. completely true b. TR. completely false d. GL. CO. COOM.QM. application modules supported by R/3 include a. it is a must to create company code before any transaction processing a. GL.ECP CA. completely false d.COPA.WF.EC. TR. completely true b. partially false 381.COPA. FI.MM.PM.INVOICE b.ECP CA. FI.HR.SD.WF.COTM b. TR. Purchase requisition d. COOM. PM. TM 375. partially false 380.COCCA c.CO.HR.COP C.AA.MM.LC.WF. completely true b.AP.LC.CO.IS b.PS.AP. partially false .ECP CA 376. In standard business process of a manufacturing organization a sales order would trigger in another application a. client is the highest level organization a. The sequence of business processes (related to RM or Prod.COPA. PR-MRP-GR.COPA d.AP. COP C. COP C.QM. completely false d.PS. COP C.AA.AA.PM. partially true c.HR. PR-PO-GR-INV OICE VERIFICA TION c.PS. GL. TR.CPPA d. SD.CCP C. FI.TR. completely false d.PP. MRP c. PR-PO-GR-INV OICE VERIFICA TION-RE CEIP T OF DIS COUNT FROM VENDOR 377. partially false 378.SD.MM. Main components of CO are a.IS. COOM. FI. PP. many company codes can be attached to one plant a. TR b. MPS b.) in MM can be described are a. completely true b. partially true c. Main components of FI are a.

partially true c. partially false 385. user profile b. partially true c. partially false 387. Variant creation helps in a. partially false 391. master creation of reports c. operating concern can encompass several controlling areas a. by FI/AP to prove credit wort hiness to vendors c. partially true c. IMG d. independently by SD to monitor customer credit . terminal 388. partially true c. completely false d. processing repetitive transactions c. completely true b. master data is created with the help of IMG a. Standard report functionality 389. many company codes can be assigned to one controlling area a. credit control area is used a. the user specific defaults are possible if setting is done in a. completely false d. completely false d. independently by FI to monitor customer credit d. completely false d. partially true c. transaction dat a is core information that is shared across applications a. credit control area is a concept in CO a. customized report trees are created through a. to coy repetitive field values in master creation d. completely false d. to be a standardized selection criteria for repetitive use required to run program 390. partially true c. partially false 383. partially false 384. completely true b. completely true b. completely true b.382. company code parameters c. completely true b. calculating variance between actual and standard b. partially false 386. credit control area may consist of one or more company codes a. by the SD and A R components to provide integrated credit management b. transaction menu of information system b. session managers d. completely false d. completely true b.

completely true b. association between numbers from group chart of account and/or country/alternate chart of account can be established in a. for every transaction. to determine which fields should be suppressed. system generat es at least a. account groups which are assigned in account master creation helps a. group company details d. required or optional while creating master in company code area c. to determine which fields should be suppressed. completely false d. partially true c. in grouping the accounts with specific logic and assign specific number interval 395. which are nationalized 397.392. primary cost element is related to a. 3 documents c. 1 document . a chart of account called as operating chart of account 393. company code global parameters b. to determine which fields should be suppressed. 2 documents d. settlement to cost center b. creation of G/L can be done in two stages 396. partially false 399. house banks are banks a. required or optional while processing transactions and master both d. Internal order 398. which are used by customers/ vendors c. located in the same building where company is located d. which are used by the company code in which they are created b. 4 documents b. the company specific features can be maintained in company code areas d. statistical order permits a. data can be distributed and easy to proc ess b. only one chart of account d. two charts of accounts c. master data of ledger account from operating chart of account c. a company code can be assigned with a. costing of product 400. It is a must to assign a standard hierarchy in cost center master a. country details 394. evaluation of costs which cannot be itemized in detail cost element or cost center accounting d. required or optional while processing transaction b. the same chart of account can be assigned to several company codes c. there are two areas-chart of account and company code-in which G/L account master has to b e created because a. three chart of accounts b. G/L account code in one to many relationship c. Several secondary cost elements to group them d. G/L account code in one to one relationship b. application of overhead to them c.

D. open item and line items c. account group and field status of the transaction d. document has the following sections a. System document d.M. header and line items d. coding block and line items 404. debit/credit. both externally and internally at the same time 409.M. document type is assigned in the line item section of document a. only externally assigned by user c. title and details b.D. SD document c.T d.K. field status variant c. material document b. posting period variant b. account type b.401. true b. which does not creat e any accounting document c.B. account type. debit/credit.K. A. false 405. following are the account types a. which creates document in SD d.M. fiscal year variant d. transactions which have a financial impact generate along with other documents a. account type and field status of the transaction c.S b. A. document type c. false 406.K. document line item 407. global parameters of company code . true b. which also triggers accounting document b.S c. A. A.K.D. number range id is assigned in a. which triggers document in PP 403.L 408. either externally or internally d.M. account type and field status of the transaction 410. Purc hase order creation is an example of transaction a. the relationship between calendar months and posting period is defined in the properties of a.S. account groups to which account numbers belong b. posting keys determine a. Accounting document 402.S. document header d. only internally system generated b.S.P. document type allows more than one account types while processing the particular document type a.D. document type. Number range can be defined as a.

Transaction processing for customer/ vendor d. customer. only one company code can be attached to a posting period variant a. document type d. none of the above 417 for negative posting. none of the above 415 field status variant and posting key both determine field status in a. from which due date is calculated depending on the settings in payment terms c. false 412 fiscal year can have a. only in document type b. company code segment of master data c. posting with reference. unchanged c. material. transaction b. only in company code global parameters and reason code properties c. chart of account segment of master dat a b. company code segment of master data d. double d. account assignment models. Customer or vendor master c. none of the above 416 negative postings cause transaction figures of the account a. 16 regular periods d. none of the above 418 following and the FI functionality offered for speedy posting a. none of the above 419 Terms of payment can be assigned to a.411. G/L fast entry screens b. maximum 12 regular posting periods and 4 special periods b. true b. chart of account segment of master dat a c. tolerance level of the accounts involved d. account group which can be assigned to the account code b. vendor. any number of posting periods c. changed b. None of the above 420 Base line dat e is a. negative posting indic ator needs to be checked a. recurring entries. 16 special periods 413 account type essentially controls a. only G/L fast entry screens c. none of the above . or asset can be used in a line item of transaction posting c. company code global parameters and reas on code parameters d. which account-G/L. only in document type. a date on which payment becomes due b. a base date after which discount lapses d. G/L master b. document type which can be used 414 account group in the context of G/ L account determines status of fields in a. only recurring ent ries d.

to remind customer/ vendor of account arrears c. three sections-general data. none of the above 425 dunning proc ess is used a. to remit the payments d. is to define us er groups with different amount limits for documents and line items c. salas organization and production d. is real time update c. none of the above 427 updating of reconciliation account a. to substitute values in fields b. none of the above 424 parking of document is a functionality a. happens on a daily basis b. to generate payments b. customization related to opening and closing of posting period c. happens after the end of the posting period d. grouping toleranc e levels of specific nature d. settings in company code b. to validate the data being entered is meeting certain criteria when certain prerequisites are met d. two sections-company code and sales area b. none of the above . local currency 423 validations are used a. to hold the document for the new session c. none of the above 426 opening and closing of posting period is done a. to process documents faster d. four sections-general data. transaction currency b. definition of posting period variant d. only in SD/MM c. payment term d. payment method 422 currency assigned in company code master is a. credit management settings c. none of the above 429 Customer master is divided into a. company code. company code and sales organization c. none of the above 428 customer and vendor master can b e maintained a. hard currency d. to support data ent ry c. only in FI b. centrally as well as in respective functional areas d. is to set tolerance level for foreign exchange b. customization of fiscal year b. which can be used to complete and post subsequently the documents which are incomplete b. none of the above 430 Function of toleranc e group is a. group currency c.421 Due date and cash discounts are dependent on a.

true b. none of the above 434 in case of cross company code transactions a. system links documents based on user given number in cross company code transaction field d.431 posting keys are defined at a. none of the above . none of the above 432 every company code must have its own document type a. one has to post two documents individually b. 39 d. business area level b. 20and 40 c. 40. 50. client level d. 19. false 433 the standard posting keys used for G/L posting are a. company code level c. posts a document in one company and system generates another doc ument in concerned company wit h common link of cross company code transaction number c. 50 b.

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