Content:
Which of the statement is true regarding Check deposti and bank statement function. Require bank GL account to be classified into main bank account and bank sub account? Require the cash position and liquidity forecast. Can be used if we do not have cash management module in production. Permits Customer to tailor the entry screen for check deposit and manual bank statement to there own needs Use same account determination logic.
What type of Currecny will R/3 always track when posting a document? Local Currency Group Currency Transaction Currency Group Currency & Local Currency Transaction & Local Currency.
Between which functions in FI-MM module does a direct relationship exist? Reauirement plannig - invoice verification Invoice verification - Accountspyable Inventory Audit - Invoice verificatin Purchasing - Invoice Verification Goods issue to production order - GL account.
The date format can be defined by the following. System User Company plant.
The Integration between FI and CO is realized using. An additional back ground job in internal cost accounting without an additional account assignment. An online job in internal cost accounting without an additional account assignment. A numbrer of condition tables and access sequence An additional account assignment with specification of the assignment object. A batch input job to move the values from one to the other.
Identify the benifits offered by mySAP.com market place. Personalized home page available for regestered user. Steamlined Bussiness process flow with one step Bussiness. Access to Broad scope of Supply Reduce Interaction cost with external user Content rich communities available for better decision-making and to interact with other bussiness partner.
What is a flow defination? A flow sequence that you can schedule comprising task types such as programs transaction notes and so on. A simplified workflow with programs, fork, user decisions and other workflows included as possible tasks A job started under the control of schedule manage. A spread sheet containing details of everything needed for a period end closing. A document in which periiod end closing has been defined.
Which compenent relate to schedule manager? Schedule for scheduling tasks Appointment clander of managment monitor Flow defination Monitoring of work hours.
which statement is true. A vendor master record, it is possible to activate a check for duplicate invoice at document entry. If you delete a vendor master record, data is automatically deleted on both chart of account level and company code level. Changes to vendor maste records can only be displayed using central function. Your can block a vendor to prevent financial transaction postings for one Company code or for all company codes. One time account group must use defined number ranges.
Which of the following statement about one time account are correct. Must use Account group defined for one time vendor One time account group must use defined number range.
Which of the following statement about vendor transaction is correct. A vendor down payment is shown on balance sheet under normal reconciliation account for payables. Special Gl transaction is one, which is included in spl purpose ledger under coding block in GL account. A vendor down payment request cannot be included in payment program to produce down payment. A Vendor down payment request is a noted item. A vendor down payment is cleared after the final invoice is received from vendor.
Which of the following statement are correct? Customer maste is divided by client level and company code level. In case of one time customer the address is stored in document.
Which of the following statement are correct. If a customer is also a vendor, system includes outstanding account receivables invoice items in the program. If a customer is also a vendor, system includes outstanding account recivables invoice items.
Which of the following statement affect creating customer master records are correct. An Account group gets assigned to the customer Company code is always a required entry Account number may be assigned externally.
Which are true regarding operational chart of account? To perform allocations between company codes in the controlling each company code must be assigned to its own operational COA. A company code choose to work with multiple operational COA. If a cross company code controlling is requried the same COA must be used. Company code with different base currency must work with there own operational Chart of account. The Operational COA is optional by Comapany code.
Identify the correct statement. Bussiness Area is mapped to Company code in Fi Bussiness Area is mapped to a Comapany code in Controlling Business Area is used for internal P&L and balance sheet Business Area is activated in FI will necessiate an assignment in company master record. Business Area can be mapped to profit center in company in order to produce more accurate P&L account.
Company code 1000 needs to classify operating expenses that cannot directly be attributed to sale according to the requirement of cost of sales accounting. This classification is made using which of the following. Functional Area Profit Center Profitability Segment Cost center.
When we create a GL account the following enteries must always be assigned to account. Account Group Balance Sheet or P&L account Type Short Text Sample account number. Consolidation trading partner.
A client - may only contain a single chart of accounts may contain multiple COA's may use only one currency type may only have one controlling area.
Which of the following are true. Multiple can be assigned in GL master record to facilitate reporting. Key words may be input as search critera on a GL master for use with only one company code. A GL account will have the changes made to it if any tracked in a separate date base Sample accounts despite not having a specific account type are master records stored at the COA level. All GL bank master records in the standard delivered system have an a/c type of "B".
Identify the correct statement relating to how the main Business processes are integrated in the SAP r/3 system. Apurchase requisition is a doucmented request to purchase goods and services. In SAP it can be created manually or automatically. A goods receipt is the recording of the movement of materials into the warehouse. In SAP, a financial document which updates the inventory account and an accured liability account is created. The invoice receipt and verification process compares the vendor invoice with the purchase order and goods receipt. However the financial transaction must be entered through the financial module r/3. In SAP, payment processing reduces the liability to a vendor and a company's cash balance, records discounts taken and disburses payment. A Customer delivery is the transfer of the ownership of goods. A customer delivery includes, creation of a delivery doucment, picking of the goods for shipment; physically transfering the goods to the customer and financially recording the goods issue.
Identify the correct statements. All areas of an organization that are to be integrated into the R/3 production system should be included under one client. The term client dependent refers to tables or data that relate only to the client which was accessed during the log on process. Due to the integrated nature of SAP, there are certian core organization element that cut across the modules. Client and company code are two of these core elements. To determine number of clients required, the focus is placed on data access and sharing strategies.
which of the following statement is true? A company code can belong to more than one controlling area A Plant must be allocated to a company code A Controlling area and the company code must have the same currency. A business area and company code are assigned to each other in the corporate structure IMG.
Identify the correct statements relating to the implementation Guide. When creating project in the IMG, the application areas and countreis are selected from the Enterprise IMG. The number of implementation activities can be reduced by creating project IMG views, such as a view for mandatory activities. The project IMG must include all customizing activities for all r/3 applications. The SAP reference IMG is generated for the application modules to be implemented in a company and for the different countries. Customizing transactions can be accessed from the SAP reference IMG, porject IMG and the project Views.
what content element of mySAP.com workplace are provided? The workplace contains role-based navigation options for r/3 transactions, reports and other links to various systems. The workplace is a completely personalizable working environment. The workplace contains role-specific information and role-based access to the marketplace. The workplace is used exclusively as a Launchpad for employee self service with infromation for employee. The work place contains personal favorites.
what does SAP call new asset value display transaction? Item Explorer Account Explorer Accounts Viewer Asset Viewer Asset explorer.
Which of the following statements about year end closing are correct? We can carry out year end closing before the fiscal year change. During year end closing, the program checks if the year end closing can be carried out. Once the year end closing was successfully completed, the system automatically changes certian entries in customizing. We cannot create and post to new fixed assets until the year end closing is successfully completed. we can only conduct year end closing on june 30 or december 31 of each year.
What steps have to completed before you can generate asset class from GL accounts? Account selection Account detemination Number range intervals Screen layout Variant Asset Classes.
Each depreciation area we need to specify whether you want to Post depreciation at periodic intervals to general ledger Post asset values at periodic intervals use index classes Post to Business Area Automatically post values online.
Usually one chart of depreciation is defined for each country. At which level is chart of depreciation created? Company code level Client level Chart of account level Business Area ;level.
What are the functions of asset class? Asset number assignment Cost center determination Screen layout Account allocation Defination of default values.
Which of the following statements about asset data transfer from a previous system are correct? Transfereing asset data during the fiscal year is only possible on July 1 of the given year. When you transfer the asset data during the fiscal year, the system automatically determines replacement values and insurable values using batch input. During the asset transfer, you can specify the order in which the depreciation are appear. During asset transfer, you can enter either the APC or net book value. When we transfer the asset data during the fiscal year, we must enter the last depreciation posting period from your previous system in the SAP r/3 system.
What additional functions do asset class offer? Specify required entry fields for asset master data Enter default values for asset master data Enter default values entries for depreciation area. Enter allowed enteris for user fields Define allowed company codes.
which of the following statements are true about manual depreciation (Unplanned depreciation). we cannot post manual depreciation manual depreciation is posted immediately after the entry (real time) manual depreciation is initially shown as a planned value after the entry and only posted when the depreciation posting report is run manual depreciation usually only applies to depreciation areas which you can chose when you enter the document. After entering manual depreciation in FI_AA, we also need to enter it manually in FI/CO.
Which corresponds extracts all items in the chosen period from a customer's account displays the balance carried forward balance and a closing balance of the account? payment advice payment note Account statement Dunning notice.
which of the following statement about automatic statement are correct? in automatic payment procedures, all incoming invoices as of the second dunning level are paid automatically. Direct debiting or bank collection can be used or in automatic payment procedures to clear customer invoices. Open items posted to GL accounts can be cleared using the payment program Special GL transactions can be posted using the payment program. The payment program can pay vendor invoices using wire transfer and checks.
Imagine the following scenerio: A comapny wants to execute a paymant run on daily basis and process several company codes at the same time. If the amount exceeds US$ 1000, the vendors are to be paid by bank transfer, amount less than US$ 1000 are to be paid by check. The customer has two housebanks and wants all the checks to be processed by A and all. We store variants for print programs within customizing. here we can specify that the information is to be output to adata carrier. We specify, per house bank, whether payments are to be made by check only or also by transfer. We specify the payment method from within the application in the master record The payment proposal of the automatic payment program can only be delayed. You can percisely schedule the print program from within the application.
According to which criteria does the payment program detemine and select open items? Posting date and baseline date document date and posting date Baseline date and payment terms Posting date and cash discount periods posting date and payment terms.
Which of the following statements are true with regard to the customizing setting for banks in the automatic payment run? The sequence of the banks for processing outgoing payments is selected randomly. You can only determine one payment method per house bank. We can select several payment methods per country. You can specify by bank and method the anticipated number of days before the bank account is debited You can determine the banks to be used for payments according to postal code.
which of tthe following factors does the system take into account in a payment run? Fiscal Year variant payment method specifications in the IMG Specifications in the vendor master recrod Information in the documents (incoming invoices) specifications made when maintaining the payment run parameters.
Which of the following statements are correct? when creating a House bank, we do not need to specify the country. A payment method can use a different house bank for each different payment method. A house bank account can be defined in more than one currency. House bank maste must be created in advance, before assigning the house banks to a payment method in the payment program configuration. A house bank can be assigned to a business area within the payment program configuration.
When entering a document using a foriegn currency, which date is used to determine the exchange rate if the translation date is not entered. Posting date Document date Entry date Baseline date.
Whrer are posting periods defined? Posting Period Variant Fiscal year variant Field status variant Closing period variant.
In manual bank statement customizing, we must:- Define an internal activity Define a posting rule Define a posting type Define a currency Define an account sysmbol.
which of the following statements supports the reversal of a document? The original document contains no cleared line items. Documents originating in other modules should be corrected there to allow the changes to flow naturally through to financial accounting. If a reversal date is not specified, the system reverses the document using the posting date of the document to be reversed. A document number is created for the reversal document.
which of the following statements about creating customer master records are correct? An account group always gets assigned to the customer. The company code is always a required entry. The account number may be assigned by the user externally. The information on the each screen may be defined in the configuration as mandatory, supressed or optional, depending upon the account group. Infromation on the each screen may be defined in configuration as mandatory, supressed or optional, depending upon the company code.
which of the following statements are correct? Acustomer master is divided by client level and company code level. In case of one-time customer uou have to enter the customer's address in the document itself. Adress, control data, reconciliation account are inclued in the client level of the customer master. The most efficient way to create master records is to work with the external number range not internal number range.
which of the following statements are correct? If a customer is also a vendor, the system can include outstanding accounts receivable invoice items in payment program. If a customer is also a vendor, the system can include outstanding accounts payable invoice items when you clear incoming payment receipts for the customer. The reconciliation account defined on the customer master record is an account used to reconcile CO transaction bank to FI. All accounts belonging to the same account group must be asigned to the same reconciliation account. The alternative payer is used to transfer outstanding receivable items to the altenative payer's account.
Bulk change of line item - this function allows you to change a whole group of line items simultaneously, instead of having to change individual items in the documents. What data can we cange using this function. Reconciliation account Comapany codes payment terms and payment blocks The house bank and payment methods.
Identify the correct statement(s). The vendor maste record is divided into three different data areas; General data, Accounting data and purchasing data. 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 inclued an additional account assignment object such as cost cente, order or asset. MM and FI setup and use different account groups for their respective view of the vendor maste record. 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, supressed, displayed and optional. A purchse requisition is the binding contract with a vendor to supply certian meterials or services based on certian terms and conditions.
Suppose that one company code is using both vendor and customer. which of the following statements are correct regarding creating linked customer and vendor master records for this company. Only one business partner master record is created with client level, purchasing, sales and accounting data. This prevents the creation of redundant maste data. If the master records are linked correctly. The vendor and the customer line items will be posted to the same reconciliation account. The corresponding vendor master number must be entered in the client level of the customer master record and vice versa. The vendor and customer records that are to be linked may have different account numbers. Once properly linked sales invoices and purchase invoices for this company will automatically clear against each other.
which of the following statements about transactions are correct? An invoice may be parked by an accounts clerk and a workflow message sent automatically to the supervisor. Credit memos can be included in the payment program to reduce the final invoice value paid A parked invoice has a temporary document number assigned by the user. An Invoice which has been cleared by the payment program can only be reversed after the cleared line items have been reset. An individual check cannot be printed automatically when you manually post an outgoing payment.
Which of the following statement about one time account are correct? One time account must use an account group which has been defined specifically for one time accounts. A one time account group must use a different number range from all other account groups. The vendor's name and the address are not held in the one time account master record. Credit memos cannot be created for a one time vendor account. You cannot change a one time account master record once it has been created.
The productive indicator in the company code controls the following. Blocks implemention Guide menu path. De-activates the delete documents and delete maste 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.
what is the procedure with a production start? First the GL master data is transferd, then the vendor master data and the customer master data. Finally open items are transfered. The asset master data can be transfered once the GL account master data is created. the cleared items are transfered after the open items. The asset values are determined by transfering the vendor documents to the r/3 system. The opening balance must be created on the first day of the production start.
Which of the following are true about reports? Reports must contain atleast one formula Reports must use at least one pre-defined formula Reports are included in the report group Reports must all use the same library if they are in the same report group. Reportss, after execution, may be saved as an extract.
Which of the following statement about financial reporting are correct. A financial statement version displays either a balance sheet or a profit and loss statement not both. When displaying a financial statement, the system can automatically calcualate the profit and loss statement result. You can obtain summarized financial statement for any hierarchy level defined in the financial statement version The system can translate a financial statement into any currency for reporting purposes. A financial statement version cannot include more than one company code. unless you are using FI-LC.
Which of the following statement regarding year end closing are correct? The balance carry forward program can be run at any time during the fiscal year. The system creates the balance carried forward for evey balance sheet account for new fiscal year. The P&L accounts balance is transferred to a retained earnings account. You detemine the retained earning account as part of the selection criteria when executing the balance carry forward program. Posting during the balance carry forward program is possible.
What controls whether a line item is a debit or ceredit and specifies the type of accoung for a line item. Posting Key Document Type Account Group Field status.
What controls the number asignment assigned to a financial document in r/3. The number range assigned to the document type The number range assigned to account group Number range assigned to Posting key The field status group.
Closing periods are controlled by Posting period variant Fiscal year variant Field status variant Closing period variant.
Which of the following statement about ledgers are true? Standard ledgers are configured by SAP. Flexible ledgers are pre-configured by SAP for the customer. Standard ledgers can also be configured by the customer. Flexible ledgers are configured by customers. Local ledgers use company code as the organisational unit.
Which of the following statements are true when configuring a group chart of accounts? A Financial statement version has to be used. In the company code segement of every operational account, group account number is a required entry. The group chart of account is assigned to the company code in the company code global parameter screen. When the assignment is made between the group and operational chart of accounts, the field group account number becomes an optional entry. A one to one relationship exists between the group account number and the operational number.
With the credit control area: The Creditors are controlled. The suppliers are controlled. The organisational unit within the organisation is defined that specifies and checks credit limits for customers. A credit control area can include one or more company codes. It is possible to assign one company code to more than one credit control area. An over limit and a minimum individual limit are determined.
An account group: Defines the number range for a master record. Uses a field status group to control the field alayout for the maintenance of master records. Determines one - time accounts for accounts payable and accounts receivable. Is defined for every company code.
Which of the following statements are correct regarding open items? 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 master record. Customer and vendor accounts are always open item management accounts. In order to be able to manage line items as open and cleared, the line item display indicator must be on in the GL account master record. In order to be able to manage line item as open and cleared, the open item management indicator must be on in the GL account master record. In order to be able to manage line items open and cleared, the sort key must be defined as the doucment number.
Which of the following statements are correct. The field status defination controls the document type, posting key and account number. Documents assigned can be controlled by account type. The tax codes and tax rates fro the various countries are pre-defined by SAP. The field status definations detemine the screen layout, when you enter a document using the relavent GL account. The document type controls which company code is used in a GL posting.
A chart of accounts can be: Allocated to multiple company codes. Defined as the group chart of accounts. Only contains Defination of GL accounts Only allocated to one company code.
Identfy the correct statement regarding organisational elements with in R/3 system. The sales area combines the sales organization, distribution channel and division. The purchasing organisation is responsible for purchases related to only one plant. A plant is a location in which inventroy quantities and values are stored or manufactured. A controlling area can comprise several company codes using different Chart of accounts bust must operate in the same currency. A profit center is used to generate income statements and operating profit statements.
What charecterstic do roles have in the workplace? Roles describe business processes in a company. Roles contain a collection of activities that a user who is assigned to this role can execute. Roles represent a range of executable functions in a company that users can assign themselves. The authorizations required to execute the assigned functions are automatically linked to roles. Roles contain minapps.
What are MinniApps? MiniApps are small applications that are started automatically when the workplace is called. MiniApps are small applications that can be called from the workplace. MiniApps are small applications that communicate continuosly with the implemented SAP products. MiniApps are JAVA applets that are loaded from the workplace to the use client. MiniApps are role-specific applications that can contain more activity options.
What system tool allows you to add graphics, re-arrange fields, add pushbuttons and change input fields into radiao buttons? GuiXT GUI Capture SAP GUI SAPShow Profile generator.
Whcih of the following can be added to a favorites list? Files Transactions Web address Reports Use menus.
Please click on the button next to the correct answer. The Bussiness area can run acros many company codes, i.e all company codes can post in all business areas. A company code may belong to more than one controlling area. Each company code uses exactly one chart of accounts and one chart of depreciation. Business areas are used to create internal balance sheets and income statements.
The time of first aquisition posting to the asset sets the following fields in the master of assets. The depreciation start date per depreciation area. The cost enter to be hit through depreciation. The date of capitalization. The depreciationkey.
Integration 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 auxillary account used for all of these transactions? MM / FI clearing account. GR /IR clearing account Asset purchase clearing account. Asset aquisition clearing account Vendor asset aquisition clearing account.
Chose the correct statements regarding recurring documents. When creating a recurring document, the valid time period must be defined. The posting date is determined by either run date or the run schedule. Field values can be changed in recurring document. After running the recurring document posting, the run date cannot be displayed. Origianal recurring doucment can be deleted from the batch input menu.
bank accounts should be controlled as follows when cash management is in use. It is must to use Open items management for both the main bank account and the bank clearing account. Both the bank main account and the clearing account permit line item display. The main bank account and the bank clearing account use the same sort key. The value date in the field status string for both main bank account and the bank clearing account must accept entry. The cash-relevance flag in th emaster records for both the main bank account and the bank clearing account must be set. It is optional to use open item management for main bank account and mandatory for Bank clearing account.
which of the following statements about manual planning are correct? The planning type determines which bank accounts the plan amount ot be inputted to. The expiration date shows how long the payment advice is included in planning. The payment advices for editing can be changed, archived or re-activated. Archived payment advices are included in planning till the value date. The retention periods are determined by the bank account name.
Which of the following statement describes what a charecteristic is, or does, in a report painter? A charecteristic is a field. A charecteristic defines a key figures A charecteristic is the criteria for the selectionof database records. a charecteristic is put into a library in order to be used in reports. A charecteristic is used in a Pre-defined column.
You want to schedule a new task using schedule manager. which of the following are pre-reuisites?
You can create a task list. You must create a task group You must insert a task group in a task list. You must insert task in the list. You must insert a task in a task group.
Scedule manage is new in 4.6, which of the following statements is correct? Schedule manager replaces the financial calander. Schedule manager repalaces the consolidation monitor. Schedule manager replaces workflow. Schedule manager includes some workflow functions. Schedule manager can be used as an alternative to the financial calendar.
Identify the correct statements. Validations must be assigned to an organisational structure. Validation can use sets insteasd of fields when performing the per-requisite. Validation can be activated for on-line postings while at the same time be turned off for batch input. Validations may be nested instead of substitutuins. Validations are not possible at the line item level in SPL.
Which of the following statement is true about customer ledger? Customer ledger is contained within the CO application. Customer ledgers are per-defined by SAP. Customer ledgers can be maintained using FI-SPL tools. Customer ledgers are used to maintian balances for Asset Accounting.
Which of the following statements accurately reflects the steps necessary to create a validation / Substitution? Select the correct call-up point for the validation / substitution. Specify which customer special purpose ledger use the validation / substitution. Assign the validation / substitution to an organisational structure. Activate the validation / Substitution.
Which of the following are true about additional curriencies in FI? Exchange rate gains or losses for each valuation method used for each currency can be posted to separate GL account. If the group currency is chosenas an extra currency in FI, then an additional ledger must be configured to record it. If two company codes are mapped to the same controlling area the two controlling currencies can be chosen. The currency used in the profit center accounting can be different than the one used in the controlling for cost center.
What do you need to do to create an opening balance sheet in the R/3 system at the end of an ongoing year? Carry forward your FI customizing settings into one of the special periods. Carry forward the balance of each balance sheet account into the new fiscal year by running a year end program. Execute program SAP100111 in the old year. There is no need to do anything.
You have several options for creating GL accounts. Which of the following statement are correct? You can create a GL account in a company code without using a sample account. You can create a GL acccount in Chart of accounts. You can create GL account in a company code using a sample account. You can create a GL account in a controlling area if you specify the chart of accounts and the company code. You can create a GL account when setting an order.
Which of the following statements are correct? Posting keys are used to define the screen layout for document entry and take priority over other field status groups. Validation and substitutions are carried out in FI and not in the special purpose ledger. The main purpose of payament advice note is that it can be used to automatically search for and then compare open items as part of the clearing process, thus eliminating the need to make inidividual selection entries. Two of the curriencies available in FI system are the transaction currency and the company code currency, these are defined ar country level within configuration.
What is the relationship between Chart of accouts and Company code? N:N 1:N N:1 1:1.
Tax codes are defined at
Company level Comapany code level Business Area Level Country level.
The following dates are available in Finance document which contains vendor transactions . Posting date, document date only Document date, posting date, translation date only Document date, translation date, posting date, value date, baseline date, etc Document date, Value date, Baseline date, Posting date only.
Document header contains: Only Posting date, posting date, document date, document type Only Document date, posting date, currency and company code Document date, posting date, document type, company code, document currency, translation date, etc You can have of the choice of many fields of your own definition.
Select the correct statements Tax codes are defined at a jurisdiction code level and date specific Field status variant are defined at company code level Field status groups are attached to company code Period open and close definition is for a company code only. Account type definitions are available in document type only. Account Groups are used only for taking number range selection automatically by the system when we create a master record. Vendor account is a master record for Transactions, Posting decisions, Field mapping, Purchasing decisions and correspondences.
Out of the following only one is correct. Please select Company codes are created at client level and linked to company codes. Fiscal year variant is created at client level and periods are defined. Period definitions in a fiscal year variant is attached to company codes. Document types are defined at client level and attached to company code. Document type controls only the account type, input type and 2 fields mandatory selection.
|
