[Organizational Structures] A business Area is: The legal unit of consolidation to which company codes is assigned. The organization entity for which balance sheets as well as profit & loss statements can be executed across company codes covering a companys main areas of operation. The smallest organization unit for which a complete self-contained set of books can be executed Identifies an independent organizational structure within a company, which includes all functions, required for internal cost and revenue accounting. [Organizational Structures] Which chart of accounts is always required ? Group chart of accounts. Country chart of accounts. Operating chart of accounts. Alternate chart of accounts. [FI-Master Data] Define GL Account Group. One or more is correct. The GL account group is a classifying feature for general ledger master records. The account group only determines in which number interval the GL account number must reside. The account group determines the fields for data entry screens if you create or change a master record in a company code. The account group also determines in which number interval the GL account number must reside. [FI-Master Data] Field Status group control: The number ranger. The account type. The fields for data entry screens. The GL account group. [FI-Master Data] How many levels the GL account master record have and what are they? 3 Levels client, chart of account. 2 Levels company code and client level. 2 Levels company code and chart of account level. 1 Levels GL master record. [FI-Master Data] The reconciliation account : One or more is correct. Ensures real-time integration of sub ledger account with the general ledger. Itself is not designed for direct posting. Is defined on the client portion of the company code. Can be defined for customer, vendor and asset account types. [FI-Master Data] Customer specific information such as name and address is stored at what level? Company code. Customer master record. Client. Account group. [FI-Master Data] Vendor specific information such as reconciliation acct. and item sorting is stored at what level ? Company code. Customer master record. Client. Account group. [FI-Master Data] What determines whether the vendor account is one-time ? The posting keys. Document type. Field Status. Account group. [Bank-Master Data] Bank accounts that contain a companys own funds: Customer bank account. Vendor bank account. House bank. Bank key. [Bank-Master Data] Bank master data records can also be manually : One or more is correct. When defining house bank. At one-time(account) document entry. In the account ID. On the general data section of customer & vendor masters. [FI-Postings] What are examples of currency types? One or more is correct. User currency. Global currency. Hard currency Index currency. [FI-Postings] The accounting document : One or more is correct. The header section contains data relevant for the management of whole document, such as document number, posting date, company code, currency and document text. Each line item would contain an account, an amount and other relevant posting information. An accounting document must contain at leas 1 line item. The debits and credits are not required to balance to zero before posting is permitted. [FI-Postings] What identifies which of the account types will be permitted on particular document? Posting key. Document number ranger. The audit trail. Document type. [FI-Postings] Define posting keys ? One or more is correct. The posting key also specifies the specific account type for a line item. Determines whether the vendor account is one-time. Identifies which of the account types will be permitted on a particular document. Helps control the field status of a line item. [FI-Postings] A document can only be reversed if: One or more is correct. The original document contains only customer, vendor and G/L line items. The original document contains no cleared line items, if the document does contain cleared items, then these items must be reset before reversal can take place. All specified values (such as, cost center) are not still valid. The original document was posted in FI system or originating in other modules. [FI-Postings] What defines the date on which terms of payment are to begin ? Document type. Posting date. Baseline date. Entry date. [FI-Postings] Allocation Field: One or more is correct Line items can be sorted in the account group directory by the content of the Allocation field. Can get more information on entry by displaying the document. Is an additional reference field for line items. Is either filled automatically (sort key in the master Record) or manually (entry in a line item). [FI-Postings] The currency that was input on the header of document: Company code currency. Transaction currency. Additional currency. Local currency. What gives an overview of planned processes carried out periodically in the system ? Dunning runs. Payment runs. Financial calendar. Interest calculation. Which of the following are controlled by the posting period variant ? One or more is correct. The ranges of periods that is currently open for processing. Only one period range can be open at the same time. The ranges of accounts within a specific account type that is currently open for processing. The specific user authorization necessary to book entries within a specific period. A document is identified by the combination of : One or more is correct. Document number. Company code. Fiscal year. How variants that are required in each company code ? One or more is correct. Fiscal year variant. Field status variant. Posting period variant. Depreciation variant. Which payment terms are defaulted when posting an invoice depends on where the invoice is created: One or more is correct. If the invoice is created in FI the payment terms from the company code segment are defaulted. When posting the SD-invoice payment terms are not copied to the FI-invoice. If a vendor invoice is created in MM payment terms from the purchasing segment are not defaulted. When posting the MM-invoice payment terms are copied to the FI-invoice. The tax code is used for what? One or more is correct. Verify the amount of tax. Calculate the amount of tax. Verify the account type. Determine the G/L account. All reconciliation accounts and all G/L accounts with open item transactions in foreign currency must be assigned to the G/L account for realized losses and gains. Which of the following options exist for this assignment: One or more is correct. A single G/L account can be used for all currencies and currency types. A single G/L account can not be used per currencies and currency types. A single G/L account can be used per currency. A single G/L account can not be used per currency type. What are transactions in accounts receivable and accounts payable that are displayed separately in the general ledger and sub-ledger? This may be necessary for reporting or internal reasons. G/L fast entry. Financial reporting. Special G/L transactions. Additional assignments. You tell the payment program which accounts and items to consider in the automatic payment run. What is it? Proposal run Parameters Edit proposal Schedule payments. Items which have to be paid are bundled together to create payments as long as they have: One or more is correct. The different payee/payer. The same currency. The same paying and sending company code. The different bank connection in the item. The payment method can be entered directly into an item. If this is the case, the system checks if: One or more is correct. This payment method is permitted by the parameters entered. This payment method can be used(payment method check). A bank account for the payment can be found. Choice the true alternative: Every company code needs its own payment forms. The sequence in which the payment methods are entered in the master data reflects their priority. When editing the payment proposal, items can be reallocated to existing or new payments. To reallocate certain items the automatic payment method and bank selection can be \ repeated at any time. The user can clear open items of A/R, A/P and G/L accounts with the automatic clearing program. The program groups items together from an account which have the same: One or more is correct. Reconciliation account number. Document number. Currency. Special G/L indicator. What is the difference between a partial payment and a residual payment ? The partial payment clears the invoice and incoming payment and creates a new line item for the incoming payment. The residual payment leaves the invoice as an open line item and posts a new line item for the residual payment amount. The partial payment leaves the invoice as an open line item and posts a new line item for the residual payment amount. The residual payment clears the invoice and incoming payment and creates a new line item for the incoming payment. The partial payment leaves the invoice as an open line item and creates a new line item for the incoming payment. The residual payment clears the invoice and incoming payment and post a new line item for the residual payment amount. Payment differences that fall outside defined limits : One or more is correct. When posting a residual item, you require a payment term. You can transfer the payment term from the original invoice or default a separate payment item. Grant only cash discount for the portion paid. The remaining discount can only be granted once the outstanding receivable has been paid off in full, within the due date. Limit the possible dunning levels. Choice the correct. It is possible to dun vendors as well as customers. The dunning run update dunning data in dunned items and accounts. One dunning form can be use for all dunning levels and dunning area. After the dunning proposal is created, changes to the dunning data in items or master data records will not be valid for the current dunning run. Which accounts shall be considered in the dunning run ? Dunning Accounts Account Selection Dunning line items. Reconciliation account. What is the highest organizational unit which usually perform dunning? Client. Business Area. Company Code. Chart of account. The local currency it is defined at the time the: One or more is correct. Company code is created. Document is posting. Document header. Chart of account is created. [FI-AM] The chart of depreciation is defined at what level ? Company code. Asset class. Client. Plant. [FI-AM] The country-specific chart of depreciation, delivered by SAP, contains a catalog of depreciation areas that cannot be changed. true false. [FI-AM] Different company codes can be linked to one chart of depreciation. true false. [FI-AM] Several asset class can use the same account determination if: One or more is correct. They use the same chart of account. Post to different G/L accounts. Post to same G/L accounts. The different company code. [FI-AM] The status of each field in asset master record can be maintained at what levels ? One or more is correct. Asset class. Asset main number. Asset under construction. Asset sub-number. [FI-AM] Mark the correct statements : One or more is correct. An asset use only one reconciliation account. An asset must use more than one reconciliation account. An asset uses balance reconciliation account. An asset uses profit/loss reconciliation. [FI-AM] Where do you define the reconciliation account that will be used by an asset? Account determination in asset class. Account number in fixed asset. Account determination in depreciation area. Account number in depreciation area. [FI-SL] We do know there are differences between Cost-of-sales-accounting and period accounting. What is the correct answer? Period accounting has the emphasis into matching the revenues for goods/or services provided against the related expanses for those items. Cost of sales accounting has the emphasis on summarizing the activity and situational change over a period of time, for a given organizational unit. Period accounting is divided into Costing based and into Account based. Companies must choose to use one of these methods (Cost of sales or Period accounting) for generating their legal financial statements. [FI-SL] What is it validation ? One or more is correct Allows you to define your own conditions for substituting specific fields. Allows you to define your own individual checks for specific fields when a business transaction is being processed. Allows you to define your own account document. Allows you to define your own account number. [FI-SL] Transferring Data to Special Purpose Ledger is : On or more is correct. Most data that enters the FI-SL System come from transactions occurring in many different places. A business transaction can enter the FI-SL System via another SAP application. All data that enters the FI-SL System is processed by the integration manager. The account assignment block, also called the coding block is a standard component delivered with the SAP System. The user does not usually come into direct contact with the coding block. [FI-SL] Report Painter allows you to use characteristics in the : One or more is correct Line items Rows Base line date Columns. [FI-GL] In accounting data which are the records that remains in the system for an extended period of time? Transaction data. Master data. Document number. Invoices data. [FI-GL] Data relevant to MM functionality is stored in which segment of the vendor master record ? Client. Company code. Purchasing. Account group. [FI-Bank] The house banks are identified by : Bank name. Bank-ID. Account number. Address. [FI-GL] The payment terms are used to define : One or more is correct. Baseline date for due date calculation. Cash discount periods. The house bank Cash discount percentage rates. [FI-GL] What are the ways to clear open items within an account in R/3 ? One or more is correct. Down payment transaction. Account clearing. Posting with clearing. Reversing documents. [FI-Bank] Bank statements you enter can be displayed, changed, or deleted before posting. true false. [FI - General] Which statements are true ? A chart of accounts : One or more is correct Can be allocated to multiple company codes. Can be defined as the group chart of accounts. Only contains definitions for G/L accounts. Can only be allocated to one company code. [FI-GL-POSTINGS] Choose the correct statements regarding the document, posting, and entry dates of accounting documents. Note! More than one answer is correct. The posting period is determined by the document date. The document date must be the same as the invoice date. The posting date must be the same as the entry date. The posting period is determined by the posting date. The entry date is the same as the operating systems date. [FI-GL-MASTER DATA] Which the following statements about creating customer master records are correct ? An account group always gets assigned to a customer. The company code is always a required entry. The account number may be assigned by the user externally. Information on each screen may be defined in configuration as mandatory, suppressed or optional, depending upon the account group. Information on each screen may be defined in configuration mandatory, suppressed or optional, depending upon the company code. [FI-GL-MASTER DATA] Which the following SAP items can be inputted during the creation of a vendor master record ? Note! More than one answer is correct. The account group. The field status definition. The document type. A reference vendor. The number range interval of the document type. [ FI-GL-Organizational Structure] Which structure provides an environment for analyzing market profitability, even allowed for customer defined segments ? Controlling area. Business area. Operating concern. Company code. [ FI-GL-Organizational Structure] A Business Area is: The legal unit of consolidation to which company codes are assigned. The organization entity for which balance sheets as well as profit & loss statement can be executed across company codes covering a companys main areas of operation. The smallest organization unit for which a complete self-contained set of books can be executed. Identifies an independent organizational structure within a company, which includes all functions for internal cost and revenue accounting. [FI-GL-MASTER DATA] Define GL Account Group. Note! More than one answer is correct. The GL accounts group is a classifying for general ledger master records. The account group only determines in which number interval the GL account number must reside. The account group determines the fields for data entry screens if you create or change a master record in a company code. The account group also determines in which number interval the GL account number must reside. [FI-GL-MASTER DATA] Field Status group control: The number range. The account type. The fields for data entry screens. The GL account group. Several company codes can use the same chart of accounts, although they have different charts of depreciation. true false. Select the correct answers: One or more is correct The system uses depreciation area 01 to calculate ordinary depreciation. The depreciation is then posted to G/L accounts. The numeric keys represent depreciation terms that cannot be entered in the asset master record or in the asset classes. You have to assign each company code, in which assets are managed, to exactly one chart of depreciation. The SAP System posts the depreciation and interest based on the chart of depreciation defined in the asset class. true false. what can we define into chart of accounts customising transaction OB13 description maintenance language length of company code length of G/L account number blocking/unblocking chart of account. every company code that needs to use an account from assigned chart of account has to create its own company code segment true false. line item display should not b active for following accounts P+L statement reconciliation A/c revenue material stock tax. usage of financial statement version is optional for group chart of account true false. only balances in local currency indicator is usually set in balance sheet accounts that are not managed in foreign currencies and not managed on open item basis true false. which are the segments of SD view of customer account master data client company code controlling area sales area purchase organisation. what characteristics are configured standard for every customer/vendor account line item display open item management company code currency purchase organisation. one number range can only be assigned to one account group true false. each house bank is reflected by a combination of house bank id and account id true false. what fields of FI document header can be changed after a document has been posted fiscal year reference no. posting date text fields header text. day limit is used to store several versions of terms of payment under the same terms of payment key true false. If a closed year is subsequently released for posting, it can only be closed again once the year-end closing program has been re-run. true false. The year end closing program checks whether: Depreciation and asset values are posted in full Assets contains errors or are incomplete. Preparation for year-end closing: After the depreciation lists and asset history sheet have been checked, depreciation is posted If an area posts APC values to the general ledger periodically you will need to run report for periodic posting If the final result is not satisfactory, you can carry out depreciation simulation changes, or make adjustment postings If you change any depreciation values, you must run depreciation posting again. Once depreciation has been posted in FI-AA and FI, a balance sheet and P&L statement can be created. fiscal year change program opens new annual value fields for each asset. The earliest you can start this program is in the last posting period of the current year You have to run the fiscal year change program for your whole company code You can only process a fiscal year change in a subsequent year if the previous year has already been closed for business. if the system detects a deviation between tax calculated and tax amount entered it issues a warning message (indicator not set) it issues an error message (indicator set) check indicator must not be set for input tax codes because the user must post tax amount from invoice whether its correct or not. tax calculation by system are usually posted via seperate line item to a special tax account in standard scenario true false. system determines tax from base amount tax code. a tax code may have several tax rates entered for different tax types true false. settings for payment program are defined in vendor master record at time of posting invoice - line item level customising for payment program. Payment program - where bank charges are defined system automatically subtracts bank charges from incoming payments and adds them to outgoing payments true false. company codes from different countries cannot be processed in same payment run true false. bank subaccounts are generally managed on open item basis with line item management true false. if no grace period is defined system starts dunning procedure as soon as net due date is reached true false.
