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SAP FI Global Certification Mock Test
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SAP FI Global Certification Mock Test Description: SAP FI Global Certification Mock Test Author: Zenfotec Solutions Other tests from this author Creation Date: 08/02/2020 Category: Others Number of questions: 80 |
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1. About evolution in the world of business, we can affirmate that (Please choose the correct sentence):
a) The internet revolution could turn available to companies the use of ERP functionality. b) The next generation of "new dimension" products appeared taking functionality out of the company, to bring value
through extending the Internet Revolution.
c) The internet has driven to a collaborative environment where value is created through collaboration within business communities.
d) In the first the companies were looking at Cost reduction and efficiency through integration of business comunities. 2. About the definition of ERP and e-business functionalities, we can say that (Note: we can have more than one correct sentence. Please select the sentences you think they are correct): a) ERP offers enterprise centric functionality (general ledger, payroll, order entry) to integrate core, internal processes. b) ERP is mySAP Financials and mySAP HR. c) ERP is SAP R/3, while e-business is mySAP.com. d) About Business Model, ERP can be considered as enterprise centric and e-business, as extended and collaborative. e) About Architecture, ERP can be considered as an integrated system and e-business, as an integrated system and an open integration platform. f) About Processes, ERP can have them integrated, core within enterprises and collaborative, beyond company boundaries. 3. Consider the following sentences: 3.1. A fiscal year has to be defined by means of separating business transactions into different periods. 3.2. Special periods are used for postings, which are related to the process of the year-end closing. In total, 16 special periods can be used. 3.3. The Fiscal Year variant only defines the amount of periods and their start and finish dates. 3.4. The Fiscal Year is defined as a variant, which is assigned to the chart of accounts. Which of them are true? a) [ ] 3.1 and 3.2. b) [ ] 3.1 and 3.3. c) [ ] 3.2 and 3.3. d) [ ] 3.2 and 3.4. e) [ ] 3.3 and 3.4. 4. A company code is: a) an independent accounting entity (the smallest organization element for which a completely self-contained set of accounts can be drawn up). b) an organizational unit in an enterprise that represents a closed system used for cost accounting purposes. c) an organizational unit that provides an additional evaluation level for the purpose of segment reporting, for example. d) a dependent accounting entity, according to Fiscal Year. e) the highest level in the R/3 system hierarchy. 5. Consider the following sentences: 5.1. The variant principle is a three-step method used in R/3 to assign special properties to one or more R/3 objects. 5.2. One of the disadvantages to using variants is that it can't deal with the maintenance of properties, which are common among several business objects. 5.3. For using the variant principle, you must define the variant, populate it with values and assign it to the R/3 objects. 5.4. This principle is used for Fiscal Years, Posting Periods and so on. Which of them is false? a) 5.1 and 5.2. b) 5.1 and 5.3. c) 5.1. d) 5.2. e) 5.3. 6. What is the disadvantage of using the group chart of accounts? Please choose the correct answer. Response: A. Because changes to existing G/L Accounts are effective as soon as they have been saved and could have extensive consequences. B. Because accounts with the account currency as local currency can only be posted to this local currency. C. Because the company codes use different operational chart of accounts, you cannot carry out cross-company code controlling. D. Because the group chart of accounts must be assigned to each operational chart of accounts. E. Because you must enter the group account number in the chart of accounts segment of the operational account. 7. Your customer sells products and services. They have to separate the invoices into invoices for products and invoices for services. Which object do you have to use to create dunning notices dependent on the division (product or service)? A. Separate dunning runs B. Dunning areas C. Dunning block reasons D. Dunning keys. 8. Which SAP NetWeaver component ensures company-wide unification of data and information in heterogeneous IT environments? Please choose the correct answer. Response: A. Web Application Server (AS) B. Enterprise Portal C. Master Data Management D. Integration Broker. 9. Which of the following task types are supported by the Closing Cockpit or Schedule Manager? (Choose three) A. Spreadsheets B. Transactions C. Reconciliation keys D. Notes (as a reminder or milestone) E. Programs with or without variant. 10. Which object do you have to activate to maintain profit centers directly in Asset Accounting with all business functions for New General Ledger Accounting activated? A. Profit Center Reorganization B. Segment Reorganization C. Profit Center Update Scenario D. Segment Reporting. 11. What characteristics are configured as standard for every customer/vendor account? There are 2 correct answers to this question. Response: A. Line Item Display. B. Company Code. C. Currency. D. Open Item Management. E. Purchasing Organization. 12. What do you use the Closing Cockpit for? Please choose the correct answer. Response: A. To perform periodically recurring activities B. To run reconciliation between CO and FI C. To perform day-to-day activities D. To create mass change of offsetting days for existing activities. 13. In your leading ledger (ledger solution), balance sheets must be created for company codes and segments. Which Customizing settings do you need to make? (Choose two) A. Define a retained earnings account. B. Define two retained earnings accounts and assign them to your P&L accounts. C. Assign the Segment Reporting scenario to your leading ledger. D. Activate cost of sales accounting. 14. Identify the main areas of the Implementation Roadmap from the items listed below? There are 3 correct answers to this question. Response: A. Accelerator area B. Viewing / Text area C. Roadmap structure Attachments area D. IMG area. 15. About BAPI (Business Application Programming Interface), what is true? There are 5 correct answers to this question. Response: A. It is a well-defined interface providing access to processes and data of business application systems. B. BAPIs offer a stable, standardized interface for integrating third-party applications and components in the Business Framework. C. A BAPI is assigned to one and only one business object. D. In the R/3 Enterprise version (4)7) we can use BAPI to create an internal order inside a customized ABAP program. E. A business object in the Business Object Repository (BOR) can have many methods from which one or several are implemented as BAPIs. F. An open architecture for cross-platform development of client/server applications based on object-oriented technology. 16. In the New General Ledger Accounting, how would you incorporate companies with different fiscal years if you wanted to assign them to the same controlling area? Please choose the correct answer. Response: A. Use the same fiscal year variant for all company codes and do a reversible close for the company codes that have different fiscal years. B. Create company codes with different fiscal year variants and assign them to the same group company for reporting purposes. C. Create company codes with the same fiscal year variant and assign the company codes that have a different fiscal year to non-leading ledgers with the appropriate fiscal year variant. D. Use the same fiscal year variant for all company codes and set up parallel accounting for company codes that have different fiscal years. 17. How do you implement parallel accounting in Asset Accounting? Please choose the correct answer. Response: A. By using two asset classes B. By using an extra chart of accounts C. By using two depreciation areas D. By using two different charts of depreciation. 18. What are the necessary elements required to create a customer-specific drilldown report for New General Ledger Accounting? There are 2 correct answers to this question. Response: A. A form B. Characteristics C. Variables D. A report header. 19. For reports in Asset Accounting, which object do you have to use and, where necessary, customize to determine the sort level and/or the summation level? Please choose the correct answer. Response: A. Depreciation area B. Sort key C. Sort variant D. Valuation area E. Company. 20. A customer wants to create a report that is to be run on a monthly basis showing documents within a specific range for a specific company code that have been posted within the current month. How can you create this type of report? Please choose the correct answer. Response: A. Create a Compact Document Journal report. • After running the report, save it to your desktop, where it can be updated every month. B. Create a Compact Document Journal report. Enter the values for the document interval and company code. After saving this as a variant, add an appropriate D (Dynamic Date Calculation) variable for the posting date on the Variant Attributes screen. C. Create a G/L Account Balances report. Enter the values for the document range and company code. After saving this as a variant, add an appropriate D (Dynamic Date Calculation) variable for the posting date on the Variant Attributes screen. D. Create a Compact Document Journal report. Enter the values for the document range and company code. After saving this as a variant, add an appropriate T (Table) variable for the posting date on the Variant Attributes screen. 21. Which of the following describe characteristics of master data? (Choose two) A. Master data is used on a long-term basis for multiple business processes. B. Master data is typically assigned to organizational levels. C. Master data must be assigned on company code level. D. Master data cannot be changed after creation. E. Master data is a template for transactional data. 22. On which level do you define depreciation keys? A. Company code B. Chart of accounts C. Asset class D. Chart of depreciation. 23. You receive a payment where the difference from the posted invoice is larger than the stated tolerance limit. How can you deal with this? (Choose two) A. Split the received payment so that it falls below the tolerance limit. B. Increase the tolerance limit manually while posting the document. C. Post the difference to an account assigned to a reason code. D. Post the difference as a residual item. 24. Which transactions in the procurement process with valuated goods receipt create documents in FI? (Choose two) A. Create purchase requisition B. Create purchase order C. Post valuated goods receipt D. Enter invoice receipt. 25. When dealing with financial statement versions (FSVs), how do you ensure that the requirements of the various target groups (for example auditors, tax authorities, and banks) are satisfied? A. Create one FSV and enhance it with different sets of notes. B. Create one FSV and then save different variants based on the needs of the various groups. C. Create different versions of the same FSV. D. Create different FSVs based on the needs of the target group. 26. Which of the following objects can be used to derivate segments automatically? Response: A. Profit center B. G/L account C. Functional area D. Cost center. 27. Identify the benefits of SAP Solution Manager? There are 5 correct answers to this question. Response: A. More leverage from IT investments B. Reduced cost of implementation C. Reduced ROI D. More reliable IT solutions E. Faster ROI F. Reduced cost of operation. 28. Which of the following lists can be printed to help you edit a dunning proposal? There are 2 correct answers to this question. Response: A. Condensed master data B. Blocked accounts C. Blocked line items D. Sales statistics. 29. Your chief accountant would like to display company-owned cars separately in the balance sheet. These cars were previously included in the asset class "factory and office equipment". What do you have to configure? A. Create a new asset class, but use the same account determination. B. Create a new account determination, but no new asset class. C. Create evaluation groups to subdivide all assets of the class. D. Create a new asset class and a new account determination. 30. Consider the following sentences about the chart of accounts segment, which of these combinations are false? 1) It contains the Company Code, Account number and the field status group. 2) Whenever you need to enter information for a company code for an account number, you have to type again the information related to chart of accounts segment. 3) Texts can be displayed using the program "Account assignment manual"(RFSKTHOO). 4) Keywords facilitate the search for account numbers. There are 2 correct answers to this question. Response: A. 1 B. 2 C. 3 D. 4 E. None of them. 31. Which factors determine the fiscal year variant you would assign to a company code? (Choose two) A. The need to control which periods are open for posting for specific user groups B. The existence of a shortened fiscal year C. The fiscal year start and end period of the company D. The use of a specific fiscal year variant by other company codes on the client E. The need to control which periods are open for posting for the company code. 32. What additional options do parking documents offer compared to holding documents? (Choose two) A. A parked document can be posted cross-client to minimize the total cost of ownership (TCO). B. A parked document can be posted using a workflow. C. A parked document can be changed and posted by another user, thereby supporting the principle of dual control. D. A parked document can be posted via automatic speech recognition. 33. What options do you have for posting an asset acquisition? (Choose three) A. Asset acquisition integrated with accounts payable B. Asset acquisition using a clearing account C. Asset acquisition posted via the payment program D. Asset acquisition posted via the accrual engine E. Asset acquisition posted from Materials Management. 34. You are testing the payment program. The payment run has been executed. When you look at the program log you notice that the payment method check shows that part of the address is missing from the vendor master. In Customizing for payment programs, where can you see which data is mandatory? Please choose the correct answer. Response: A. Paying company codes for payment transactions B. Company code data for the payment methods C. Country data for the payment methods D. Bank account determination. 35. You can configure different types of Chart of Accounts in the ERP system. Which one of the following are TRUE Chart of Accounts? There are 3 correct answers to this question. Response: A. Group chart of accounts B. Country-specific chart of accounts C. Operating chart of accounts D. Plant-specific chart of accounts. For reports in Asset Accounting, which object do you have to use and, where necessary, customize to determine the sort level and/or the summation level? A. Depreciation area B. Sort key C. Sort variant D. Valuation area E. Company. 37. What does the SAP Web AS provide? Please choose the correct answer. Response: A. J2EE and ABAP in a single environment B. Real-time data exchange with all SAP systems C. Master data harmonization across SAP NetWeaver D. Storage of all transactional documents in one single database. 38. Which transactions in the procurement process with valuated goods receipt create documents in FI? There are 2 correct answers to this question. Response: A. Enter invoice receipt B. Create purchase requisition C. Create purchase order D. Post valuated goods receipt. 39. A customer wants to use document splitting to enable balance sheets by segments. How do you set up the document split? (Choose two) A. Assign the splitting method to the transaction variant. B. Define a non-leading ledger for the split documents. C. Assign all document types to business transactions and business transaction variants. D. Define splitting rules. 40. Which elements of a customer account are created when you maintain the account decentralized in Financial Accounting? Please choose the correct answer. Response: A. General data, company code data, and purchasing organization data B. General data and company code data C. General data, company code data, and sales area data D. General data and sales area data. 41. Which interactive function is provided by the SAP List Viewer? A. Creation of subtotals for specific values B. Creation of worklists C. Use of the report-report interface D. Mass reversal. 42. Your customers do not pay open invoices. How can you accomplish an automatic flat-rate individual value adjustment? There are 2 correct answers to this question. Response: A. Create and dispatch a valuation run for each period during closing operations. B. Enter a value adjustment key in the customer master. C. Make an individual value adjustment based on special G/L transaction. D. Make a statistical flat-rate value adjustment posting for each period manually. 43. Which activity has an impact on the net book value of an asset? A. Changing the account determination B. Changing the useful life of the asset C. Changing the assigned cost center D. Changing the assigned WBS element. 44. You entered a G/L account posting and received an error message saying that account type D (customer) is not allowed. Which object causes this error? A. Currency key B. Tolerance group C. Document type D. Field status variant. 45. Which of the following activities generates an FI document if real-time integration between CO and FI has been set up? (Choose two) A. A test run for the settlement run of an asset under construction to a G/L account B. A subsequent change of a segment in a CO document C. An assessment between cost centers in one company code with different functional areas D. An assessment between cost centers that belong to two different company codes E. A distribution between cost centers that reside in two different controlling areas. 46. Which of the following status symbols are used in customer and vendor line item lists? (Choose three) A. Parked B. Cleared C. Overdue D. Open E. Not due. 47. Which of the following objects must you enter when posting an asset acquisition against a vendor? (Choose three) A. Document type B. Fixed asset balance sheet account C. Special G/L transaction D. Asset master record E. Transaction type. 48. Which of the following describe characteristics of master data? There are 2 correct answers to this question. Response: A. Master data is used on a long-term basis for multiple business processes. B. Master data is typically assigned to organizational levels. C. Master data must be assigned on company code level. D. Master data cannot be changed after creation. E. Master data is a template for transactional data. 49. What are the advantages of the Payment Medium Workbench (PMW)? (Choose three) A. It activates the automatic import of settings related to changes in payment transaction laws. B. It provides a uniform set of functions for all kinds of payment methods. C. It automatically creates direct debits. D. It can be used to change payment formats without modifying the programs. E. It can be used to create new payment formats. 50. What additional options does parking documents offer compared to holding documents? There are 2 correct answers to this question. Response: A. A parked document can be posted using a workflow. B. A parked document can be changed and posted by another user, thereby supporting the principle of dual control. C. A parked document can be posted via automatic speech recognition. D. A parked document can be posted cross-client to minimize the Total Cost of Ownership (TCO). 51. You want to reconcile the amounts you have in a main bank G/L account in your system with the daily bank statement. You create a single intermediate G/L bank account for each bank. All transactions with the bank are posted through the intermediate account. Which of the following indicators do you have to activate in the G/L account characteristics of the intermediate account? There are 2 correct answers to this question. Response: A. Reconciliation account for account type Bank B. Line item display C. P&L statement account D. Post automatically only E. Open item management. 52. Your customer's Accounting department informs you that the company issues checks. They need to easily differentiate payments made by check. How can you facilitate this requirement? A. Create an additional field in the coding block called Check. B. Use the payment method for checks. C. Use the payment term for checks. D. Customize a line item report that filters data according to the text field, and instruct users to enter the word "Check" in the field when entering such payments. 53. In which Customizing activity do you decide which special G/L transactions are to be paid automatically via the payment program? A. Set Up Payment Methods per Company Code for Payment Transactions B. Set Up Paying Company Codes for Payment Transactions C. Set Up All Company Codes for Payment Transactions D. Set Up Payment Methods per Country for Payment Transactions. 54. Which factors determine the fiscal year variant you would assign to a company code? There are 2 correct answers to this question. Response: A. The need to control which periods are open for posting for specific user groups B. The existence of a shortened fiscal year C. The fiscal year start and end period of the company D. The use of a specific fiscal year variant by other company codes on the client E. The need to control which periods are open for posting for the company code. 55. Which of the statement is true regarding Check deposit 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 the same account determination logic. 56. What type of currency will R/3 always track when posting a document? Local Currency Group Currency Transaction Currency Group Currency and Local Currency Transaction & Local Currency. 57. Between which functions in FI - MM module does a direct relationship exist? Requirement planning - Invoice Verification Invoice Verification - Accounts Payable Inventory Audit - Invoice Verification Purchasing - Invoice Verification Goods issue to production order- GL account . 58. The date format can be defined by the following. System User Company Plant. 59. The integration between FI and CO is realized using:- An additional background job in internal cost accounting without an additional account assignment. An online job in internal cost accounting without an additional account assignment. A number of condition tables and access sequence. An additional account assignment with the specification of the assignment object A batch input job to move the values from one to the other. . 60. 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 master records can only be displayed using central function. You can block a vendor to prevent financial transaction postings for one Company Code or for all company codes. One time account group must be defined number ranges. 61. 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. . 62. 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 special 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 noted item. A Vendor down payment is cleared after the final invoice is received from vendor. 63. 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. 64. Which are true regarding operational chart of accounts? 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 required 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 Company Code. 65. Identify the correct statement Business area is mapped to Company Code in FI. Business area is mapped to a company code in controlling. Business area is used for internal P& L and balance sheet. Business area is activated in FI will necessitate 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. 66. When we create a GL account the following entries must always be assigned to account:- Account Group Balance SHeet or P & L account Type Short Text Sample Account Number Consolidation trading partner. 67. A client:- May only contain a single COA May contain multiple COA's May use only one currency type May only have one controlling area. 68. Which of the following are true? Multiple can be assigned in GL master record to facilitate reporting. Key words may be input as seach criteria 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 database. 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". 69. Drilldown reporting is a tool that enables you to analyze G/L account transaction figure and financial statements A. True B. False. 70. Chart of accounts can be modified to fit your requirements, but chart of depreciation is always country specific A. false B. true. 71. Each company code has its own number range and company codes cannot share number ranges A. False B. True. 72. Asset class is a selection criterion in all standard reports in FI-AA A. True B. False. 73. Debit Balance Check:- A. Debit balance check can be maintained in the Vendor line items. B. Vendor who has a debit balance, all of his line items always shown in the exception list C. We can change the debit balance check. D. Debit balance check can be carried out after payment run. E. Debit Balance check is required if Vendor has a debit balance. F. Debit balance check is carried out after payment proposal. 74. Chart of depreciation is a catalog of country specific depreciation areas structured according to various business aspects A. True B. False. 75. Chart of depreciation (Choose Three) A. is assigned to company code B. you cannot add/delete additional areas C. it is also possible to open depreciation areas after the production start of the system D. you can delete areas you do not need. 76. Profit and Loss using the Period Accounting and Cost of Sales Accounting: A. The operating result can be different. B. In Cost of Sales accounting, the output of a period and the total cost of this period are summarized C. All of the above D. None of the above E. In period accounting the sales revenue for a period and sales costs of the period are summarized. 77. When you create asset master records this data is automatically adopted from the asset class you specify A. true B. false. 78. Asset classes (Choose Five) A. consist of a master data section and a depreciation area section B. for each depreciation area you can propose depreciation attributes for assets, you can choosethat they be specified by the system C. are assigned to at least one chart of depreciation D. consist of a master data section only E. asset classes are created at client level F. for each depreciation area you can propose depreciation attributes for assets G. you can suppress individual depreciation areas in each asset class H. asset classes are created at company code level. 79. Highest priority for deriving functional area is: A. Manual Entry B. Validation C. CO document C. CO document E. CO Master Data . 80. Several charts of depreciation can also be assigned to an asset class A. true B. false. |
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