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SAP FI Certification Mock Exam

Time:

2 Hours

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1. A chart of accounts (Multi Choice)

Can be allocated to multiple company code Can be defined as the group chart of accounts Only contains definitions for G/L accounts Can onlyallocated to one company code. 2.
A client. (Multi)

May onlycontain a single chart of accounts May contain multiple charts of accounts May onlyuse one currency type" May onlyhave one controlling area 3. Identify the correct statement(s) relating to how the main business processes are integrated in the SAP R/3 System. (Multi Choice) A. A purchase requisition is a documented request to purchase goods or services. In SAP it can be created manually or automatically. B. A goods receipt is the recordingof the movement of materials into the warehouse. In SAP, a financial document, which updates the inventoryaccount and an accrued liability account, is created C. The Invoice receipt and verificationprocess compares the vendor invoice with the purchase order and goods receipt. However, the corresponding financial transaction must be entered through the financialmodule of R/3. D. In SAP, payment processing reduces the liabilityto a vendor and a company's cash balance, records discounts taken and disburses payment. E. A customer delivery is the transfer of the ownership of goods. A customer delivery includes, creation of a delivery document, picking the goods for shipment; physicallv transferring the goods to the customer and financially recording the goods issue.
.

4.

Identify the correct statement(s)

regarding organizational

elements

within the R/3 System. (Multi Choice)

A. The Sales area combines the sales organization, distribution channel, and division. B. The Purchasing Organization is responsible for the purchasing for the only one plant.

C. A plant is a location in which inventory Quantities and values are stored or manufactured. \

D. A Controlling area can comprise several company codes using differentchart of accounts but must operate in the same currency. E. A profit center is used to generate income statements and operating profit statements.

5.

Identify the correct statements.

(Multi Choice)

A. All areas of an organization that are to be integrated into the R/3 Production system should be included under one client. S. The term "client dependent or client specific" refers to tables or data that relate only to the client, which was accessed during the log on process. C. Due to the integrated nature of SAP, there are certain core organization elements that cut across the modules. Client and company code are two of these core elements. D. To determine the number of clients required, the focus is placed on data access and sharing strategies.

6.

Which of .the following statements

is true? (Single Choice)

A. A Company code can belong to more than one controlling area. B. A plant must be allocated to a company code C. A controlJingarea and a company code must have the same local currenc.y . D. A business area and a company code are assigned to each other in the corporate structure IMG 7. Identify the correct statements (Multi relating to the Implementation Guide Choice)

A. When creating a project in the IMG, the application areas and countries are selected from the Enterprise IMG B. The number of implementation activities can be reduced by creating Project IMGviews, such as a view for "mandatory activities" C. The Project.JMG must include all customizing activities for all R/3 applications. D. The SAP Reference JMGis generated for the application modules to be implemented in a company and for the differentcountries E. Customizing transactions can be accessed from the SAP Reference IMG,Project IMGand the Project views. 8. Which of the following can you add to a Favorites list? (Multi) A. Files B. Transactions

C. Web address D. Reports E. User menus

9. What does SAP call the new asset value display transaction?
A. Item Explorer B. Accounts Explorer C. Accounts Viewer D. Asset Viewer E. Asset BQ21orer 10.Which of the following statements (Single)

(Single)

about year-end

closing are correct?

A. You carry out year-end closing before the fiscal year change. 8. Durin!=)year-end closinQ, the pro!=)ram checks if the year-end closin~ can be carried out. C. Once the year-end closing was successfully completed, the system automaticaJly changes certain entries in Customizing (closed fiscal year) D. You cannot create and post to new fixed assets until the year-end closing is successfully completed E. You can only conduct year-end closing on June 30 or December 31 of each year.

11.What steps have to be completed classes form G/L accounts? (Multi) A. Account selection B. Account determinations C. Number range intervals D. Screen layout variants E. Asset classes 12.For each depreciation (Multi) B. C. D. E.

before

you can generate

asset

area you need to specify

whether you want to

A. Post depreciation at periodic intervals to the Qeneral ledger

Post asset values at periodic intervals AutomaticaJly post values online Use index classes Post to business areas

13. Please click on the button next to the correct answer. (Multi) A. The business area can run across many company codes, i.e. all company Codes can post in all busine:ss areas. 8. A company code may belong to more than One Controlling Area. C. Each company codes uses exactly one chart of accounts and one chart of Depreciation. D. Business areas are used to create internal balance sheets and income Statements.
. ..

14. The time of the first acquisition posting fields in the master of asset (Multi) A. B. C. D. The The The The

to the asset sets the following

depreciation start date per depreciation area cost enter to be hit through depreciation date of capitalization depreciation key

~5.Usually one Chart of Depreciation is defined for each country. At which level is the chart of Depreciation created? (Single) A. B. G. D. E. At Company Code level At Client level. At Chart of accounts level. At Business area level. At System level. asset class? (Multi)

16. What are the functions A. 8. G. D. E.

Asset number assignment. Cost Center determination. Screen layout Account allocation Definition of default values.

17. Which of the following statements about asset data transfer from a previous system are correct? (Multi)
A. Transferring asset data 'during the fiscal year' is only possible on July 1 of the

gIVen year.

B. When you transfer asset data 'during the fiscal year', the system Automatically determines replacement values and insurable values using batch input. C. DurinQ the"asset transfer, you can enter either the APC or the net book value. D. DurinQ the asset transfer, you can specify the order in which the depreciation areas should appear. E. When you transfer asset data 'durinQ the "fiscalyear', you must enter the last depreciation postinQ period from your previous system. in_tlJ~__~~ R/3 S~tem.

18.lntegration with MM: An asset purchase order is created in Purchasing. The goods receipt is posted on a value basis. Invoice verification then posts the invoice. What is the name of the auxiliary account used for all of these transactions? (Single) A. 8. Co D. E MM/FI clearing account GA/IR clearinQ account. Asset purchasing clearing account. Asset acquisition clearing account. Vendor asset acquisition clearing account functions do asset classes offer? (Multi)

19. What additional

A Specify required entry fields for asset master data Bo Enter default values for asset master data C. Enter default values entries for depreciation area
Do " Enter allowed entries for user fields

Define allowed company codes (for

20. Which of the following statements about manual depreciation example unplanned.depreciation in FI-AA) area true? (Multi)

"

A. You cannot post manual depreciation it')FI-AA. B. Manual depreciation is posted immediately after entry (real time). C. Manual depreciation is initiallv shown as a planned value after entlV and only posted when the depreciation posting report is run. D. Manual depreciation usually only applies to depreciation areas which you choose when you enter the document. E. After entering manual depreciation in FI-AA, you also need to enter it manually in FI/CO. 21. Which correspondence extracts all items in the chosen period from a

customer's account displays the balance carried forward balance and a ctosing balance of the account? (Single)
A. B. C. D. Payment advice Payment notice Account statement Dunning notice about automatic payment are

22. Which of the Following statements correct? (Multi)

A. In automatic payment procedures, all incoming invoices as of the second dunning level are paid automatically B. Direct debitinQ or bank collection can be used in automatic payment procedures to clear customer invoices C. _Open items posted to G/L accounts can be cleared using the payment program D. Special G/L transactions (down payment) can be posted usin!:)the payment proQram E. The payment proQram can pay vendor invoices using wire transfers and checks 23.According to which criteria does the payment program select open items (Single) A. _Posting date and baseline date B. Document date and posting date C. Baseline date and payment terms D. Posting date and cash discount periods E. Posting date and payment terms 24. Which of the following statements are true with regard to the customizing setting for banks in the automatic payment run? (Multi) A. The sequence of the banks for processing outgoing payments is selected randomly . B. You can only determine one payment method per house bank C. You can select several payment methods per country D. You can specify by bank and method the anticipated number of days before the bank account is debited E. You can determine the banks to be used for payments accordin!=} postal to code 25. Which of the following factors does the systems payment run? (Multi) take into account in a determine and

A B. C. p. E.

Fiscal year variant Payment method specifications in the IMG Specifications in the vendor master records Information in the documents (incominp invoices) SQ.ecifications made when maintaining the payment run parameters

26.When entering a document using a foreign currency, which date is used to determine the exchange rate if the translation date is not entered? (Single)
A. B. C. D. Postin~ date Document date Entry date Baseline date periods defined? (Multi)

27. Where are posting A B. C. D.

Posting period variant. Rscal year variant. Field status variant. Closing period variant. following statements supports the reversal of a (Multi)

28. Which of the document?

A The original document contains no cleared line items. B. Documents originating in other modules should be corrected there to allow the changes to flow naturally through to financial accounting. C. Ifa reversal date is not specified, the system reverses the document using the posting date of the document to be reversed. D. A new document number is created for the reversal document 29. Choose the correct statements rega.rding recurring documents. (Multi)

A. When creating a recurring document, the valid time period must be defined. B. The posting date is determined by either the run date or the run schedule. C. Field values can be changed in recurring document. D. After running the recurring document posting, the next run date cannot be displayed. E. The original recurring document can be deleted from the batch input menu.

30.ln manual bank statement customizing, you must (Multi) A. B. C. D. E. Define an internal activity Definea postinQrule Definea postinQtype Definea currency Definean account symbol

31. Which of the following statements records are correct? (Multi)

about creating

customer

master

A An account Qroup always Qets assiQned to a customer. S. The company code is always a required entry. C. The account number may be assigned by the user externally. D. Information on each screen may be defined in configuration as mandatory, suppressed or optional, dependin~ upon the account ~roup. E. Information on each screen may be defined in confi~uration as mandatory, suppressed or-optional, depending upon the company code. 32. Which of the following statements are correct? (Multi)

A. A customer master is divided by client level and company code level. B. In case of one-time customer you have to enter the customer's address in the document itself. C. Address, control data, and the vendor account are included in the client level of the customer. D. The most efficient way to create master records is to work with the external number range not internal number range. 33. Which of the following statements are correct? (Multi)

A. If a customer is also a vendor, the system can include outstandinQ Accounts Receivable invoice items in payment program. B. If a customer is also a vendor, the system can include outstandinQ Accounts Payable invoice items when you.clear incomin~ payment receipts for - the customer. C. The reconciliation account defined on the customer master record is an account used to reconcile CO transactions back to FL D. All customer belonging to the same account group must be assigned to the same reconciliation account. E. The alternative payer is used to transfer outstanding receivable item to the alternative payer's account. 34. Bulk change of line item - this function allows youtochange a whole

group of line items simultaneously, instead of having to change individual items in the documents. What data can you change using this function? (Multi)
A. B. C. D.

The The The The

reconciliation account company code payment tenns and payment block house bank and ~ment method
(Multi)

35. Which of the following order types are internal orders? A. B. C. D. E. Result analysis orders for posting accrual costs in CO. Capital investment orders for creating assets. Maintenance orders. Sales orders for make-to-order function CO Qroduction orders. following statements are correct

36. Which of the Orders?

regarding

Internal (Multi)

A. B. C. D.

Planning transactions are allowed under any status. Once an order has been released, only closing entries can be made. Transactions can be allowed or disallowed depending in the order status. Additional order status Gfltegoriescan be created in the order master.

37.The primary cost element is one type of master data in Controlling. Before you can create a new primary cost element, certain prerequisites need to be fulfilled. Which of the following conditions must be fulfilled BEFORE you can create primary cost elements? (Multi)
A. B. C. D. E. The The The The The controlling area must be defined. cost center must be defined. GfL account must be defined. plant must be in the system. business areas have been defined. between distribution and assessments? (Multi)

38. What is the difference

A. Distribution can be made for both planned and actual figures; assessments cannot. S. Distributions can be made using statistical key figures; assessments cannot. C. Distributions are used when the original cost information is necessary on

the receiver; assessments

are used when this information is not necessary on

the receiver. D.Distributions are made usinQ the original primary cost elements; assessmentsare made using secondary cost elements. 39. Identify the correct statement(s).

(Multi)

A. The vendor master record is divided into three different data areas; General
data, Accounting data and purchasing data. B. When the goods receipt is posted, the system automatically updates the general

Ledger accounts by the value of the goods receipt It is also possible to include
an Additional account assignment object such as cost center, order or asset. C. MM and FI set up, use different account groups for their respective view of the Vendor master record. D. The account group determines the number interval for assigning the account Number to the vendor, whether or not the number in internally or externally Assigned, and what fields are mandatory, suppressed, displayed and optional

E. A purchase requisition is a binding contract with a vendor to supply certain

materials or Services based on certain terms and conditions.

"40.Suppose that one company is used as both a vendor and a customer. (Multi)
1. If the master records are linked correctly. The vendor and the customer line items will be posted to the same reconciliation account.

2. The co"esponding

vendor master

number

must

be. ~Dtered

in the client

level of the customer master record and vice versa. 3. The vendor and customer records that are to be linked may have different account numbers. 4. Once properly linked, sales invoices and purchase company will automatically clear against each other. 41. Which of the following statements invoices for this

about transactions

are correct?

(Multi)
a. An invoice may be parked by an accounts clerk and a workflQw message

sent automatically the supervisor. to b. Credit memos can be included in the payment program to reduce the final invoicevalue paid. c. A parked invoice has a temporary document number assigned by the user. d. An invoice which has been cleared by the payment program can only be reversed . After the cleared line items have been reset. e.- An individualcheque cannot be printed automatically when you manually post an Outgoing payment.
42. Which of the following statements correct? (Multi) about one-time accounts are

A. One time accounts must use an account group, which has been defined specificallyfor one-time accounts. B. A one-time account group must use a different number range from all other account Groups. C. The vendor's name and address are not held in the one time account master record D. Credit memos cannot be created for a one-time vendor account. E. You cannot change a one-time account master record once it has been created.
43. The productive indicator in the Company following. (Single) Code controls the

a. b. c. d. e.

Blocks Implementation Guide menu path Restrict the "delete documents" and "delete master data" programs De-activates the Transport and Correction Request System Prevents the fiscal year variant from being changed in the Company Code Prevents the Chart of accounts from being changed in the Company Code
with a production start? (Multi)

44. What is the procedure

.

a. First the G/L master data is transferred,

then the vendor master data and

b. c. d. e.

the customer master data. Finally, the open items are transferred. The asset master data can be transferred once the G/L account master data is created. The cleared items are transferred after the open items. The asset values are determined by transferring the vendor documents to the R/3 system. The opening balance must be created on the first day of the production start.

45.Which of the following are true about reports? (Multi) a. b. c. d. e. Reports must contain at least one formula Reports must use at least one pre-defined formula Reports are included in report groups. Reports must all use the same library ifthey are in the same reportgroup. Reports, after execution, may be saved as an extract. is, or does, in a

46.Which of the following describes what a characteristic report painter report? (Multi) a. b. c. d. e.

A characteristic is a field. Acharacteristic defines the key figures Acharacteristic is the criteria for the selection of database records. A characteristic is put into a librarvin order to by used in reports. Acharacteristic is used in a Qre-defined column.
about financial reporting are

47.Which of the following statements correct? (Multi) A. A financial statement

version displays either a balance sheet or a profit

and lost statement, not both. B. When displaying a financial statement, the system can automatically
calculate the profit and loss statement result.

C.

You can obtain a summarized financial statement for any hierarchy level
into any currency for

defined in the financial statement version. D. The system can translate a financial statement reporting purposes.

E..

A financial statement version cannot include more than one company

code, unless you are using FI-LC 48. Which of the following correct? statements regarding year-end closing are (Multi)

A. The balance carry forward program- can be run at any time during the . fiscal year. B. The system creates the balance carried forward for every balance sheet account for new fiscal year. C. The p&1accounts balance is transferred to a Retained Earnings account. You determine the retained earning account as part of the selection criteria
when executing the Balance Carry Forward program. D. Posting dUring the Balance Carry forward program is possible.

49. Schedule manger is new in 4.6. Which of the following statements is correct? (Multi)
A. S. C. D. E.

Schedule Schedule Schedule Schedule Schedule

manger replaces the financial calendar. manger replaces the consolidation monitor. manger can include workflow. manger includes some workflowfunctions. manQ.ercan be used as an alternative to the financial calendar.
types are found in FI-SL? (Multi)

50. What variables

A. B. c. D. E.

Value variables Formula variables Set variables Index variables Key variables
(Multi)

51. Identify the correct statements.

A. Validation must be assigned to an organization structure. S. Validation can use sets instead of fields when performing the pre-requisite. C. Validation can be activated for on-line postinQS while at the same time be turned off for batch input. D. Validation are not possible at the line item level in SPL 52. What is a coding block? (Multi) a. b. c. d. A group of fields that are accessed by a certain function in SAP. The description of all characteristics as predefined by SAP in FI-SL. An organizational element in FI-SL The coding block includes all fields that are necessary for executing. a function or that are defined by.SAP. about ledgers are true? (Multi)

53. Which of the following statements

A. B. . C. D. E.

Standard ledgers are configured by SAP. Flexible ledgers are pre-configured _bySAP for the customer. Standard ledgers can also be configured by the customer. Flexible ledgers are configured by the customer Local ledger use company code as the organization unit. (Multi)

54. Identify the correct statement A. B. C.

Documents in SPL can be reversed. The posting key of 50 is for credit entries in SPL. SPL willnever accept an unbalanced journal entry.

D.

Only one document at a time may be displayed in SPL

ledger selection in SPL, this will allow:

55. When one is performing (Single) A." B. C. D. ledger. E.

The assignment of a ledger to an activity. Grouping of activities before they are mapped to a ledger. The selection of a ledger from the correct library. The ability, with Boolean logic to subdivide activities that will update a
The ability to post to a global ledger with validation selection. is true about Customer Ledgers?

56. Which of the following statement (Single) A. B. C. D. Customer Customer Customer Customer ledgers ledgers defined ledgers

are contained within the CO application. are predefined by SAP. ledgers can be maintained using FI-8PL tools. are used to maintain balances for Asset Accounting. for analyzing postings are available in FI-SL (Multi)

57. What functions Customizing? A. B. C. D. E.

Reconciliation report Ledger statistics Posting Test and Diagnosis Indexing postings Reconciliation ledger

58. Which of the following are sets that could contain just a cost center range? (Multi)

A. B. c. D. E.

Basic sets Single-dimension sets Multi-dimensionsets Set variable Data sets

59.Which of the following statements accurately reflect the steps necessary to create a validation /substitution? (Multi) A. Select the correct call-up point for the validation/substitution. B. Specify which customer special purpose ledgers use validation/substitution. C. Assign the validation/substitution to an organizational structure. D. Activate the validation or substitution.
the

60.Which of the following statements is true when configuring a group chart of accounts? (Single) A A special financial statement version has to be used. B. .In the company code segment of every operational account, the group account number willbe a required entry. C. The group chart of accounts is assigned to the company code in the company code global parameters screen. D. When the assignment is made between the group and operational chart of accounts, the field "group account number" becomes an optional entry. E. A one to one relationship exists between the group account number and the oQerational account number.
61. With the Credit Control area: (Single) A The creditors are controlled. B. The suppliers are controlled. C. An Organizational unit within the organization is defined that specifies and checks credit limits for customer.;. A credit control area can include one or more company codes. D. It is possible to assign a company code to more than one credit control area. E. An overall limit and a minimum individual limit are determined. 62. Which of the following are true regarding [Multi] additional currencies in FI?

A Exchange rate gains or losses for each valuation method used for each currency can be posted to separate GL accounts. B. If the group currency is chosen, as an extra currency in FI currency in FI then an additional ledger must be configured to record it. C. /f two company codes are mapped to the same controlling area the two controllingcurrencies can be chosen. D.The currency used in.Profit center accounting cani)e different than the one used in Controllingfor Cost Centers.
- 63. Which of following statements are correct? [Single]

A The customer master data comparison the customers in the legacy system with the customers in the R/3 System. S. The customer master data comparison compares which master records are already created in financial accounting but not yet created in sales and distribution. C. The customer master data comparison compares which master records are already created in purchasing but not yet in sales and distribution.

D. The customer mater data comparison checks whether the customer master record contains a telephone number. 64.An account group. [Multi]

Definesthe numberrange for a mater record. 8. Uses a field status to control the field layout for the maintenance of mater records. C. Determines one-time accounts for accounts payable and accounts receivable. D. Is defined for every company code.
65.You have several options for creating G/L accounts. following statements are correct? [Multi] Which of the

A.

A. You can create a G/L account in a company code without using a sample account. B. You can create a G/L account in chart of accounts. C. You can create a G/L account in a company code using a sample account. D. You can create a GjL in a controlling area if you specify the chart of accounts and the company code. E. You can create a GjL account when settling an order.
66. Which of the following management? statements are correct regarding open item [Multi]

A. In order to manage line items as open and cleared for vendors and customers the "open item management" Indicator must be on in the reconciliation account. B. Vendor and customer account are alwavs open item management accounts. C. In order to be able to manage line items as open and cleared, the "line item display" indicator must be on in the GjL account mater record. D. In order to be able to manage line item as open and cleared, the "open item managemenf' indicator must be on in the G/L account master record. E. In order to be able to manage line items as open and cleared, the sort key .must be defined as the document number.

67. Which of the following statements

is correct?

[Single]

A. The field status definition controls the Document type, Posting key and Account number. S. The documents number assignment can be controlled using the Account type.

C. The tax rates and tax codes for the various countries are predefined by SAP. D. The field status group definitions determine the screen layout, when you enter a document using the relevant G/L account. E. The document type controls which company code is used in a G/L posting.

68. The date format can be defined by the following? (Single)

. . .

. .

System

User

Company

Plant Country

69. How can you create bank master records in the system? (Multi) 1) By entering them manually under accounts receivable or payable menu path 2) By posting an incoming payment made by the customer 3) By entering them in the payment transaction screen for vendor master record 4) By importing into the system a disk or tape from your bank containing the bank numbers 5) By running the vendor payment program 70. Every document in the R/3 Financial Accounting from noted items) consists of? 1) A document 2) At least two 3) A document 4) A document 5) Several line application (apart

header and at least two Iine items line items and two text lines header and a maximum of 999 line items header and the balance item texts