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ERASED TEST, YOU MAY BE INTERESTED ONSAP FICO Cert

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Title of test:
SAP FICO Cert

Description:
SAP FICO Certification Questions

Author:
VGK
(Other tests from this author)

Creation Date:
19/05/2009

Category:
Others

Number of questions: 27
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Last comments
ceecil1959 ( uploaded 8 years )
Some of the answers are incorrect. Why would you create a test series without double checking the answers. Some of the answers to Cert-Test 1 are actual rubbish. Please correct the answers to this test instead of misleading people.
Answer
Kiranb79 ( uploaded 11 years )
ok
Answer
miloday ( uploaded 13 years )
Pleas can anyone help me with the certification books or PDF files for SAP FICO and to be able to study for my SAP exams.
I will deeply appriciate.
Thanks

Regards
Answer
vgkodali ( uploaded 14 years )
WIP
Answer
Content:
Which of the following statements are true? mySAP.com is the collaborative environment providing personalized business decisions on demand. The "my" part of mySAP.com refers to the Collaboration through the Marketplace environment. The ".com" part of mySAP.com refers to the Collaboration through the Marketplace environment The "SAP" part of mySAP.com refers to the Personalization of SAP through the Workplace environment The "my" part of mySAP.com refers to the Personalization of SAP through the Workplace environment.
Which of the following are master data records? An account in the chart of accounts. Credit control areas A cost center A vendor account Plants.
Which of the following are organizational elements? A cost center Operating concern Credit control areas A vendor account Plants.
A new vendor and customer master record can be created as follows: By completing the vendor/customer number, company code and account posting key in the create vendor/customer transaction By completing only the company code and account group fields in the create vendor/customer transaction By referencing the new account to an existing vendor/customer account By referencing the new account to an existing account group By completing the vendor/customer number, company code and account group fields in the create vendor/customer transaction.
The field status and screen layout of the vendor/customer master data screens can be affected by the following factors: It can be controlled according to the account group It can be controlled by using different reconciliation account types It can be different depending on the master data transactions that is used namely create, change and display It can be controlled according to the company code It can be controlled by selecting the automatic field duplication setting.
Which of the following statements regarding the Fiscal year is true? The Fiscal year can be defined as Year-independent The Fiscal year can be defined as Year-dependent The Fiscal year can contain twelve posting periods and five special periods When a document is posted in the last normal posting period, the transaction may be posted to any one of the special periods You are only allowed to use the standard fiscal year variants that are already defined in the system.
Which of the following statements regarding company codes are true? The fiscal year is a component of the company code global parameters The address data in the company code is required for correspondence and is recorded on evaluation reports The language key is an optional setting to determine the chart of accounts language that will be used by the company code The foreign country keys in the company code specify the foreign countries with which the company will work The country key in the company code specifies which country is to be regarded as the home country.
What does an account group control? Alphanumeric numbering The field status of the master records The number ranges of the accounts The reconciliation account determination of the master records If the account is a one-time customer or vendor.
Which of the following statements are true about all master records? Referred to as documents in SAP R/3 Contain data that controls how transaction data is posted Remain in the system for an extended period of time Records with a limited life within SAP R/3 Consist of a Chart of Accounts segment and a Company code segment.
A complete customer account consists of the following three segments: Purchasing organization data General data Dunning data Sales organization data Company code data.
Which of the following statements regarding organizational structures in SAP are true? The highest-level element of all organizational units is the client More than one client can be linked to a single company code More than one plant can be linked to a single company code A company code should be linked to a chart of depreciation before you can use any general ledger accounts in the company code A single chart of accounts can be linked to more than one company code.
Which of the following statements is correct? The G/L account names for house banks must match the names given to the house bank in the bank directory. The G/L account names for house banks are user-definable. The G/L account names for house banks could be the bank name and account number. The G/L account names for house banks are defined in the chart of accounts. At company code level, G/L account names for house banks can be different from those in the chart of accounts.
The following settings and functions influence the dual control principle whereby an authorized user should confirm changes to customer and vendor master records: The account group controls the sensitive field settings The sensitive fields for dual control should be defined in the vendor/customer master record The sensitive fields for dual control should be defined in the IMG The vendor/customer account is blocked for payment if a sensitive field is changed, until an authorized person confirms the changes Only the line items in the vendor/customer account is blocked for payment if a sensitive field is changed, until an authorized person confirms the changes.
A report variant..... Provides a way of storing predefined selection criteria for a report Is required for reports running in the background Allows standardized report settings to provide consistent reports Can only be used by the same user that created it. Is only valid for the financial period it is created in.
The period in which the transaction is entered into your books is governed by? (one answer) Document date and posting period Posting date and posting period Value date and commitment items Currency translation date and document type None of the above.
Which of the following statements are true about a posting key? A document line item can have more than one posting key Controls whether a line item will be a debit or a credit Specifies the account type for a line item Specifies the document type Provides the number range per document type.
What will be determined or be mandatory entries when entering a non-purchase order related invoice in FI-AP? Posting date will always equal document date Screen layout as determined by the size of the amount to be posted Number range for the document from the document type used Reconciliation account determination through the vendor master record Determines the company code from the customer master record.
The header section of an accounting document contains? (one answer) The document number and the posting date Posting date and document amount Value date and commitment items Currency translation date and document type None of the above.
A company, which implemented SAP R/3, contacts you to help them solve a problem with creating a link to their bank account in the system. Which of the following processes is necessary to ensure that the new house bank would work correctly? The bank master data must be created in the bank directory The bank must be defined as a house bank by creating a house bank key and an account ID, and linking the bank country and bank key to the house bank data The relevant G/L account number for the main bank account, which will be used for the house bank, must be defined in the customer/vendor master record The house bank key and the account ID must be defined in the G/L account master record, which will represent this house bank in the general ledger If the house bank is not defined in the relevant G/L account master record, the house bank information should be entered each time a transaction is posted to this G/L account.
Which GL accounts collectively represent the theoretical value of a Companys Bank account in SAP R/3? Main bank account (eg. 113100) Checks issued account Debtors reconciliation account Checks received account GR/IR account.
Which of the following are advantages of parking a document? Parking a document ensures that nobody else can access your document Data in parked documents can be evaluated in reports Cash Management is updated within preliminary posting Substitutions and validations are supported while a document is parked Parked documents will automatically be archived after two months.
Which of the following statements regarding currencies are true? Group currency and Hard currency are examples of parallel currencies that are allowed in the SAP R/3 system The SAP R/3 system can manage a maximum of five currencies simultaneously Accounts are automatically updated with the document currency and the local currency, even if parallel currencies have not been defined You are allowed to define a maximum of two parallel currencies in the system If the currency in an account is defined as the local currency, postings to the account can be made in any currency.
Which of these are ways of entering recurring transactions? Using the recurring entry program Using the payment program Account assignment models Reversing journals Sample documents.
The payment program does the following.. Creates payment lists and logs Generates vendor statements Creates payment transfer media Creates payment documents Prints dunning letters.
Invoice verification tasks include.... Checking invoices that were blocked because they varied from the purchase order Executing the account postings resulting from an invoice Updating the vendor master record Clearing the vendor account Checking purchase order data.
An incoming invoice can be posted with reference to a... Goods receipt Purchase order Cost center Vendor Invoice.
When processing open items in a customer account you can: activate or deactivate selected open items. reverse selected open items. activate or deactivate selected cash discounts enter part payments or residual items. delete unwanted line items.
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