Content:
Document Control.
What date is used to assign a document to a posting period? a) Entry date b) The document date c) Baseline date e) Translation date f) The posting date.
When entering a document using a foreign currency, which date is used to determine the exchange rate from the exchange rate table if the translation date is not entered? a) Baseline date b) The document date c) Value date e) Entry date f) The posting date.
When you enter a guarantee received from a vendor: a) The R/3 System automatically posts the guarantee received to the Guarantee received account and makes the offsetting posting to the Clearing guarantees vendors account. b) The R/3 System posts the guarantee received to the Guarantee received account as a statistical posting and the accounts is cleared immediately. c) You must manually post the guarantee received to the Guarantees in process account d) The R/3 System posts the guarantee received to the Guarantee received account and automatically stores it as a note item.
More than one answer is correct. Decide whether each answer is true.
Choose the correct statements regarding the dates of accounting documents. a) The document date must be the same as the invoice date b) The entry date cannot be changed manually c) The posting date must be the same as the entry date d) The start and end dates of the posting period are determined by posting period variant e) The posting period is determined by the posting date.
Which of the following statements support the reversal of the document?
More than one answer is correct. Decide whether each answer is true. a) A new document number is created for the reversal document. b) Documents originating in other modules must be corrected there to allow the changes to flow naturally through to financial accounting c) The reversals reason code controls if the reversal date is allowed to be different from the original posting date d) The original document contains no cleared line items.
Which of the following are special general ledger transactions?
More than one answer is correct. Decide whether each answer is true. a) Down payment. b) Incoming payment c) Check payment d) Partial payment e) Guarantee of payment.
Which of the following statements are correct?
Please choose the correct answer. a) A payment term, for example within 30 days, 2% discount, if, the item has reached the due date for net payment, cannot be changed to an installment payment term in the document. b) Two of the currencies available in the FI system are the transaction currency and the company code currency; these are defined at country level in Customizing. c) The posting key controls which document types can be used for postings. d) Posting keys are used to define the screen layout for document entry and take priority over other field status groups.
Company code 1000 needs to pay an invoice over several months using a form of scheduling plan. This can be set up in the R/3 system using:
Please choose the correct answer. a) Cash discount b) Installment payment terms. c) Vendor net procedure e) Day limits.
Which cash journal details can be printed?
More than one answer is correct, Decide whether each is true. a) A compact journal can be printed for accounting reconciliation. b) Receipts c) It is only possible to print out individual cash receipts or payments. d) An overview of the cash journal.
When you post certain documents, the system automatically generates additional line items to facilitate document entry. It facilities document entry by:
Please choose the correct answer. a) Ensuring that you do not have to archive the posting documents b) Starting a batch job automatically and posting the recurring entry documents c) Defaulting the offsetting account based on the selected posting key d) Deriving additional line item from the specified account assignments (e.g. tax code) e) Creating a batch input session and processing it automatically.
Which of the following statements is correct?
Please choose the correct answer a) You can use the field status group to determine the characteristics (fields) of document fields in a field status variant during document entry b) The document number assignment can be controlled using the account type c) The document type controls which company code is used in a G/L posting d) The tax rates and tax codes for the various countries are predefined by SAP e) The field status group controls the document type, posting key and account number.
What controls the numbers assigned to accounting documents en R/3?
Please choose the correct answer a) The number range assigned to the posting key b) The field status group c) The number range key assigned to the document type d) The number range assigned to the account group.
Which of the following are clearing procedures in accounts receivable?
More than one answer is correct. Decide whether each answer is true or false a) Creation of a residual item b) Security deposit c) Down payment request d) Incoming payment.
SPECIAL GENERAL LEDGERS TRANSACTIONS
Document parking can be used
....to enable you to assign work using work lists in conjunction with a workflow for document parking and updating .to temporarily store input values when creating a document ...to check and automatically adjust documents that have been posted incorrectly.
Which of the following statements about validation are correct? If you receive an error message, the posting procedure is terminated A message is always output when the result of the test is TRUE A message can contain up to 4 fields Each step in the validation comprises 3 parts: a prerequisite, a check and a message.
Take a look at the following statements about document parking When you actually update a parked document you do not need to fill fields that were defined as required entry fields in the field status group of the G/L account to which the posting was made. A parked document that was deleted can nevertheless still be displayed with the corresponding status in the system Parked documents can be changed, deleted, or update depending on whether or not you have the necessary authorization Parked documents cannot be changed more than once.
Take a look at the following statements about special G/L transactions. Which statements are true ? Automatic offsetting entries (statistical), free offsetting entries and noted items are special general ledger types. Special G/L transactions are never entered on the balance sheet. You enter/use specially configured posting keys to update special G/L transactions. Special G/L transactions are transactions in sub ledger accounting that are not posted to the reconciliation accounts defined in the master record in the general ledger, but to alternative reconciliation accounts. .
Which of the following statements about substitution are correct? You can only activate one substitution for a company code for each call up point If the prerequisite for a substitution is not fulfilled, the system outputs a message type A With the substitution method, you have the choice between constant value, exit and field-field assignment A substitution comprises a maximum of 10 steps. .
Which of the following statements about vendor transactions are correct? A vendor down payment request cannot be included in the payment program to produce a down payment. A vendor down payment is normally cleared after the invoice is received from the vendor A vendor down payment is shown on the balance sheet under the normal reconciliation account for payables. A vendor down payment request is a noted item. A special G/L transaction is one which is included in the special purpose ledger under a coding block defined in the general ledger account.
ASSET ACCOUNTING
In asset accounting you use transaction types to determine more precisely the business transactions that are relevant to assets. Which business transactions are linked to asset transactions types? Transactions that affect acquisition and production costs, such as acquisitions or post capitalizations. Asset master record creation Depreciation postings,,, Year end closing.
Your managing director moves to an affiliated company within the company group, retaining his/her company car in the process. How do you reflect this situation in Asset Accounting?
Choose the correct answer As the company car remains with the group, you post an asset retirement as an intercompany asset transfer to the affiliated company. At group level, this appears as a retirement transfer and acquiring transfer with 0 balance. As the company car remains the property of the group, you create a balancing entry for the net book value as a sale without vendor. The resulting loss from retirement without revenue is deal with at group level. As the company car belongs to the asset portfolio of your company, you agree with the accountant of the affiliated company that you will continue to manage it in the asset register and submit a quarterly invoice for it.
A company receives an invoice from a vendor for a newly acquired printing press. Which statements regarding the posting of the invoice are true? If a vendor invoice is posted, this can be done with a net document type. The net document type is used to make sure that the cash discount amount is not posted to the asset as an acquisition cost. When you create a vendor invoice, the cash discount amount must not under any circumstances be deducted from the invoice, as the accountant who creates the invoice cannot known whether the discount is still available at the time the invoice is paid. Depending on the organization in the company, the vendor invoice can be created in a single step by posting to the asset and the vendor account in the system. The invoice is always posted first by an employee in Accounts Payable using a clearing account. The invoice then goes to the asset accountant, who posts to the asset and the clearing account. .
Take a look to the following statements concerning fiscal year change and year - end closing in Asset Accounting. Which statements are right? If asset balances in at least one depreciation area are periodically posted to the general ledger, the report for periodic asset balance postings must be started as part of year-end closing activities The fiscal year change program opens the value fields for each asset in the new year. The fiscal year change program can also be executed for sections of a company code. The fiscal year change program can be started in the production system at the earliest in the final posting period of the current fiscal year for the following year.
How are different types of assets, such as tangible or intangible assets, taken into account in the SAP system? The SAP system controls the types of asset using...... Choose the correct answer ....asset classes .....asset categories .....asset groups.
Which of the following statements about the asset history sheet are correct? The asset history sheet..... ....is a report for representing year-end closing in Asset Accounting. ....is an organizational unit for asset accounting ...supplements the balance sheet from an Asset Accounting perspective .....can provide information about the retirement of an asset.
With integrated asset acquisition with Accounts Payable Accounting you can choose between gross and net posting, depending on the document type. What is the main difference between the two? With net posting the invoice is posted minus the possible cash discount amount and excluding any taxes. Additional manual posting to acquisition costs are not necessary if the actual cash discount received is the same amount. With net posting, the possible cash discount and the taxes amounts are ignored when the invoice is posted. The asset calendar in the chart of depreciation then calculates the cash discount amount automatically. With net posting, the possible cash discount and the taxes amounts are ignored when the invoice is posted. The asset calendar in the chart of depreciation then calculates the cash discount amount automatically. With gross posting, the tax amounts are ignored when the invoice is posted. If there is a possible cash discount, the acquisition value is reduced automatically. With gross posting, the possible cash discount and the taxes amounts are ignored when the invoice is posted. Any cash discount amount received is adjusted at a later stage.
You acquire an asset by external acquisition. Which of the following statements applies? Choose the correct answer from the selection below! You can make an external acquisition with a goods receipt referenced to a purchase order for an asset. An external acquisition corresponds to an in house production posting. No transaction type used to post an external acquisition.
Which of the following statements about Assets Accounting is correct?
Choose the correct answer The assets must be managed collectively in a business area that needs to be created specially for this. An intercompany transfer in the asset history sheet can be an asset acquisition in one company code and an asset retirement in another company code. Fixed assets can only be evaluated at client, and not company code level.
A fork-lift on your fixed assets register was sold. In asset accounting, you now have the task of retiring the asset and making a value adjustment for the accumulated depreciation. What option does the SAP system offer you here? You calculate the depreciation that still has to be posted for the asset and deduct it from the current net book market value. You can calculate the actual loss on the basis of the useful life. The user has to calculate the depreciation adjustments manually and post them together with the asset retirement If manual adjustments have been made for individual depreciation areas, the SAP system recalculates the amounts for the depreciation adjustment. The SAP system automatically determines the amount of the depreciation adjustment on the basis of the asset value date.
You have posted a purchase acquisition to an asset master record. You now have to explain to the management what effects this posting will have on the asset values and the depreciation for the next fiscal year. Which is the quickest and most precise way for you to determine the planned values?
Choose the correct answer With the Asset Explorer you can display the planned asset values and depreciation for each asset as well as for the depreciation area and fiscal year you have selected. You copy the data from the SAP system to a spreadsheet program and use this to calculate the asset value and the depreciation. To avoid bringing incorrect figures into play, point out to the management that the figures will be available after the next depreciation run. These results can be regarded as safe.
When posting a transaction in asset accounting you notice that you do not recognize some of the transaction types in the transaction type possible entries list. You want to find out which function the transaction type performs. Which of the following statements is correct? The transaction type controls whether the transaction refers to an asset from a previous year. The transaction type controls the account assignment for the asset transaction, depending on whether it is an acquisition, retirement or intra company transfer, for example. The transaction type makes it easier to enter the asset master data in the Asset Explorer. In the Asset Accounting transaction type you can specify a consolidation transaction type for the consolidation. .
Your tasks in Asset Accounting include creating asset master records. You collect the documents and create the asset master records once per month. On this occasion, five new PCs and twenty company cars. Choose the correct answer You enter the applicable number of PCs and company cars in the quantity/number field in the asset master record, since you post similar assets to one asset master record. You do not enter a long text in the description field in the asset master record and limit your entries to required fields only, in order to save time. You enter the applicable number of PCs or company cars in the number of similar assets field in the asset master record and then only have to enter each inventory number individually.
PAYMENT PROGRAM, DUNNING PROGRAM
Which of the following statements are correct? We can specify only one payment method per payment run. Configuration for the payment program is made at 3 levels: company code parameters, payment method parameters and bank parameters. Minimum/Maximum amounts are set in the individual payment methods. Special general ledger transactions cannot be paid automatically through the payment program. Outgoing payments can be only made in local currency in the standard system.
Which of the following statements about the dunning program are true? The dunning procedure controls the dunning run. You can define any number of dunning procedures. You can store only one dunning level for a dunning procedure in the customer master record. A dunning run is always created for an individual company code. Calculation of dunning levels is based on days in arrears of open items and takes into account minimum days in arrears per account and grace days per line item. In a dunning run, you can create a cross - company - code summarization of overdue items of an individual customer provided that this function has been set up in Customizing. This means that only one dunning notice will be issued.
After executing a payment run in the payment program, you can: Choose the correct answer Update the invoices and assign the payment methods. Maintain the vendor accounts to block or release payments. Change payment method. Create the payment medium, the payment lists and the logs.
You can specify minimum amounts and minimum percentage rates for every dunning level. Which of these statements is true? The dunning level is only triggered if the amount subject to dunning reaches the minimum amount or the minimum percentage rate based on all open items. The dunning level is only triggered if the amount subject to dunning reaches the minimum percentage rate based on all open items. The dunning level is only triggered if the amount subject to dunning reaches the minimum amount and the minimum percentage rate based on all open items. The dunning level is only triggered if the amount subject to dunning reaches the minimum amount based on all open items. If the amount is reached, the minimum percentage rate is ignored.
The SAP FI payment run... can take into account tolerance days when setting payables. can be set up differently in Customizing for each company code. can only be run on certain days in the month due to technical restrictions. can take into account special G/L transactions during payment. can be configured in Customizing to automatically select the highest possible cash discount.
Which of the following statements are correct? Every run of the payment program is identified by the fields Posting date and Identification. The alternative payer is used to transfer outstanding receivable items to the alternative payers account. If a vendor is also a customer, the system can include outstanding Accounts Receivable invoice items in the payment program. When using more than one payment method in the payment run, the order in which they were entered in the account has significance. If a customer is also a vendor, the system can show outstanding Account Payable invoice items when you clear incoming payment receipts for the customer.
SAP OVERVIEW
How many open sessions does SAP allow you to create?
Please choose the correct answer 12 6 9 4.
Customer Management, Order Management and Materials Management are all functions of which SAP Mobile Solution?
Please choose the correct answer SAP Mobile Sales SAP Mobile Procurement SAP Mobile Direct Store Delivery SAP Mobile Service.
Which of the following statements apply to mySAP ERP Financials Corporate Governance functionality? This functionality ... enables organizations with the right insight to consistency deploy the right financial people with the right skills to the right financial position at the right time. enables central tracking of all financial accounting data within an internal framework of multiple companies, languages, currencies and chart of accounts. enables organizations to adhere to financial reporting standards and laws such as United State legal requirements included in the Sarbanes Oxley Act (SOA).
Which of the followings are components of mySAP ERP Financials Supply Chain Management? Dispute Management Treasury & Risk Management Delivry Management Credit Management Claims Management Electronic Bill Presentment and Payment.
FINANCIAL ACCOUNTING MASTER DATA
Which of the following statements is correct? Bank accounts are part of current assets and are therefore maintained in the component FI-AA The bank accounts IBAN is imported into FI by means of a program. Bank accounts and bank postings are part of the actual subledgers like customers and vendors. Bank accounts and bank postings are part of accounts or transactions of the general ledger.
Which of the following statements about bank master data are correct? The G/L account names of G/L accounts which represent the house banks could be the bank name and account number. At company code level, G/L account names for house banks can be different from those in the chart of accounts. The G/L account names for house banks must match the names in the bank directory The G/L account names for house banks are defined in the chart of accounts. The G/L account names for house banks can be defined by the user creating the G/L account.
The link between a subledger account and the general ledger is the: Sample account Reconciliation ledger Reference account FI-GL reconciliation report Reconciliation account.
Which statements are true? A G/L account will have the changes made to it, if any, tracked in a separate table. Accounts having a foreign currency as the account currency can be posted in every foreign currency. Multiple currencies can be assigned in a GL master record to facilitate reporting. In the chart of accounts segment of a GL master it is necessary to indicate whether the account will be a balance sheet or a profit+loss account. Key words may be input as search criteria on a GL Master for use with only one company code.
Definition of the account groups for G/L account entry is chart of accounts-specific. The account group controls The authorization groups the numbering of the G/L account the screen layout for creating master records the interest calculation groups both the pre-consolidation accounts and consolidation accounts.
Which of the following statements are correct? Answer whether each answer is true or false In Central Maintenance of customer data, sales area data and additional general customer master data can be created and changed. Central Maintenance of customer data can be used only from the financial accounting (FI) module. In Central Maintenance of customer data one can create, change and display customer master data. Central Maintenance of customer data can be used only from the sales and distribution (SD) module. In Central Maintenance of customer data, customer master data can be displayed only.
Which of the following statements are correct? A house bank account can be defined in more than one currency. House bank master data must be created before you assign the house bank to a payment method in the payment program configuration. The payment program can use a different House bank for each different payment method. When creating a house bank, you do not need to specify the country.
SOLUTION MANAGER
What are the five phases of the implementation roadmap?
Choose the correct answer Project kick-off, configuration blueprint, realization, final preparation, support. Project preparation, business blueprint, realization, final preparation, go live & support. Project kick-off, business blueprint, realization, final preparation , support Project preparation, configuration blueprint, realization, final publish, go live & support.
Complete the following sentence. The SAP Solution Manager Support Desk... enables all end-users to send all support messages to SAP, thereby eliminating the need for internal support resources. enables collaboration between end-user, internal support and SAP support for timely and effective problem resolution. requires all end-user support messages be created in Solution Manager system. supports customer internal message handling.
The technical and organizational infrastructure of the SAP Solution Manager consists of which of the following components? Support Desk for efficient user support throughout the SAP solution landscape. Preventive and proactive Operations Services. System monitoring by Solution Monitoring. Computer Center Management System. User Management for the SAP solution landscape.
What key approaches are supported by the SAP Solution Manager in the implementation phase?
More than one answer is correct. Prototyping as implementation concept. Process oriented implementation approach Reengineering driven implementation approach Phase driven implementation approach.
CLOSING OPERATIONS IN FINANCIAL ACCOUNTING
Which of the following statements about financial reporting are correct? To assist in creating financial statements, there are two options available in the system using an ABAP program or using a Drill down report. A financial statements version cannot be used for more than one company code, unless you are using EC-CS or SEM A financial statement version displays either a balance sheet or a profit and loss statement, not both. The system can translate a financial statement into any currency for reporting purposes. When displaying a financial statement, the system can automatically calculate the profit and loss statements result.
Which of the following statements accurately represent the recommended year-end closing procedures? Clear all open items from you customer and vendor accounts before running the balance carry forward programs. The balance carry forward program will automatically block the previous fiscal year for posting. Execute the balance carry forward program for the general ledger accounts. After running the balance carry forward program any posting made to the previous year will not be reflected in the current year. Execute the balance carry forward program for your vendor and customer accounts.
In Classic General Ledger, where is the valuation method for evaluating exchange rate differences for open items specified? Please choose the correct answer. In the parameters of the foreign exchange valuation program. In the master record of the foreign exchange gains and losses G/L account In the basic settings of the company code. In the global parallel currency settings for the client.
What are the requirements for posting to a new fiscal year?
More than one answer is correct. Decide whether each answer is true. The sales and purchases tax (VAT) return must available for the tax authorities If you set up document number assignment based on the year, the document number ranges must be created for the new fiscal year. If we are using fiscal year variants that are year dependent, the variant must be created for the new fiscal year. Posting periods for the new fiscal year must be opened. The auditors annual report must have been created for the fiscal year we are closing.
Which of the following statements about year-end closing are correct?
More than one answer is correct. Decide whether each answer is true- The P&L account balances are transferred to a retained earnings account. You specify the retained earnings account when executing the balance carry forward program. Posting is possible during the balance carry forward program. The balance carry forward program creates the opening balance for every balance sheet account for the new fiscal year. At the start of the new year, the balance carry forward program is run. This ensures that the balance of the balance sheet accounts is brought forward to the new fiscal year.
What do you need to do to create an opening balance sheet in the SAP system?
Please choose the correct answer Simply run program SAPF101 in the old year. Execute program RFSKTH00 in the new fiscal year. Carry forward the balance of each balance sheet account into the new fiscal year by running a year-end program Carry forward your FI Customizing settings into one of the special periods.
THE NEW GENERAL LEDGER
For its tasks to be processed correctly, document splitting requires the following parameters.
More than one answer is correct. Company code sorted list SPAM-Filter Business transaction variants Business transactions Document type Item categories Document splitting characteristics.
Scenarios are used in the new general ledger to determine
Choose the correct answer
which business transactions, in conjunction with corresponding business transaction variant, can be mapped in a posting. which G/L accounts can be posted to with FI postings. which fields are updated in the new general ledger tables.
The SAP delivered fields for the new totals table FAGLFLEXT are:
More than one answer is correct. Internal order Company Code Segment Division Business area Profit center Cost center.
The user-defined real-time integration variant for CO=>FI real-time integration is assigned.
Choose the correct answer Per controlling area Per company Per business area Per company code Per cost element Per client Per operating concern.
After the new general ledger has been activated, the Financial Accounting document has the following views:
Choose the correct answer An entry view and general ledger view. A company code and cost center view. A customer and vendor view. A subledger and general ledger view.
The new general ledger can be activated with the following release levels: SAP R/3 Enterprise mySAP ERP 2005 R/3 Release 4.5 mySAP ERP 2004 R/3 Release 4.6C.
EVALUATION OPTIONS IN REPORTING
Which of the following functions are offered in the due date analysis of the customer information system? Display of the realized day in accordance with the cash discount history of the customer. Display the interest calculation numerator Top N customers Jump to line item list Open items sorted list according to the criteria due since and due in.
The following standard reports are available in drilldown reporting for Financial Accounting: Customer and vendor balance display Key figures Financial statement analysis Currency analysis G/L balance display.
Which of the following statements about the SAP List Viewer are true/false?
More than one answer is correct. After you have selected a number of rows in a line item list you can perform a mass change of the selected documents. You can see these changes in the line item list immediately without having to refresh the display. The list display can be changed without you having selected any data beforehand. You can save the changed list layout in variants. If you have switched the list to Grid Control or Classic List the value is updated in your user parameters. If you log off you need to reselect the required display when you log back on. The ALV Classic List is more or less the same as the print screen and offers a better overview of the list structure when you want to display items for several accounts, for example.
The drilldown report functions in the customer and vendor information system enable you to
More than one answer is correct. show the list headers. choose the display for the characteristics (with name or key). set the scaling. change the display currency.
Which analyses are contained in the customer/vendor information system?
More than one answer is correct. Creditworthiness analysis Currency risk analysis Analysis of the cash discount history of the customer (day agreed/days realized) Payment history analysis DSO analysis.
Which of the following statements concerning Report Variants in standard reports for general ledger, accounts receivable and accounts payable are true/false?
More than one answer is correct. A variant can be permitted either for background processing or for online processing. If the display in catalog only indicator is set, the variant is not displayed in the F4 input help. The characteristics hide field and protect field are activated with the help of selection variables. If you have set the protect variant indicator, you are the only person who can change it.
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