Sap fico cert-1

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Title of test:
Sap fico cert-1

Description:
FICO certification test

Author:
vgk
(Other tests from this author)

Creation Date:
30/04/2009

Category:
Computers
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Last comments
hemanta0381 ( uploaded 4 years )
;
good site
Answer
AVATAR
NiravN ( uploaded 4 years )
;
Good one
Answer
rammohan999 ( uploaded 5 years )
;
Very Good website for SAP FICO Freshers & Consultants
http://bigsap.info/category/sap-functional/
Answer
Content:
The length of G/L account number should be mentioned in G/L account groups G/L account Chart of accounts None of the above.
The G/L account becomes a complete G/L account if we have added the company code segment to chart of account segment if we have created both company code segment and chart of account segment centrally if we have created chart of account if we have copied the chart of account segment from other company code.
If we are using the same chart of account in more than one company code the company code segments are same in all company codes the account name and account number is the same in all company codes the currency in company code segment in all company codes is the same the group account number is different in all company codes.
The appearance of the company code segment of a G/L account is based on account group entered in the chart of account segment group account number entered in chart of account segment assignment of group chart of account in chart of account none of the above.
The appearance of an account master data is based on account number field status chart of account none of the above.
Creation of duplicate accounts in A/P can be prevented by using the match code before creating the new account sensitive dual control switching on automatic duplication check none of the above.
Which of the following statements are true, when you are considering the major controls of document types the account types allowed for postings the field status of head text and reference number posting keys none of the above.
Which of the following statements are true posting keys are defined at client level account types allow line item postings based on the posting key field status definition suppressed and required cannot be combined field status groups are examples of variant principle.
Which of the following are true if we are using the same posting period variant for several company codes opening and closing of periods to be done for each company code we cannot use the same posting period variant for several company codes we can maintain different special periods for each company code.
Which of the following statements are true we can open two period ranges during the time of closing process based on the document date entry, system will determine the posting period and fiscal year if you display the balances of an account, the transaction figures for the posting periods are displayed.
By mentioning the base line date, cash discount periods, and cash discount percentage rate in payment terms, system will calculate due date of the invoice and cash discount due date only cash discount only none of the above.
Using the account clearing function, choose and match those existing open items from an account that balance to zero. The system marks them as cleared and creates a clearing document. The clearing document number and the clearing date is entered in the cleared open items. The clearing date can be the current date or a date that the user determines. State whether this statement is true or false True False.
Which of the following statements are true we cannot have separate cash journal for each currency special general ledger indicators use the subsidiary ledger master records but are connected to the general ledger via alternative reconciliation accounts a down payment request is a noted item. It does not change any account balances. You can dun and pay automatically on the basis of down payment requests.
The specifications for permitted payment differences can be found in both types of tolerance groups. They control the automatic posting of cash discount adjustments and unauthorized deductions. State whether this statement is true or false True False.
All reconciliation accounts and all general ledger accounts with open item transactions in foreign currency must be assigned to the revenue/expense accounts for realized losses and gains. State whether this statement is true or false True False.
R/3 system contains data base server only application server only presentation server only all of the above.
All data and programs are contained in application server database server none of the above.
SAP business object consists of attributes methods attributes and methods none of the above.
Maximum number of sessions a user can open when he logs on to SAP one three five six.
Fiscal year can be year dependent year independent both year dependent and year independent.
Fiscal year which is a calendar year can have 12 normal periods less than 12 normal periods more than 12 normal periods.
Shortened fiscal year can have 12 periods more than 12 periods less than 12 periods should have less than 12 periods.
Company code can have one local currency only two local currencies any no. of local currencies none of the above.
Postings in a company code are done in G/L account of consolidation chart of accounts operative chart of accounts country chart of accounts all of the above.
Retained earnings account is specific to company code specific to client specific to chart of accounts none of the above.
Which of the following statements is true company can use indirect exchange rate only company use direct exchange rate only company can use both direct and indirect exchange rates.
State which of the following is true in relation to SAP features business areas are company code specific business areas are assigned to company codes business areas are used for reporting across company codes none of the above.
Posting in a G/L account is controlled by account group of the G/L account field status group in the chart of accounts segment field status group in the company code segment all of the above.
Which of the following is true company code can have one retained earnings account only company code can have more than one retained earnings account chart of accounts can have more than one retained earnings account chart of accounts can have one retained earnings account only none of the above.
Which of the following is true account group controls the document field status account group controls the number range of G/L accounts account group controls the master record field status all of the above.
Which of the following are correct with respect to your G/L account house bank name the g/l account house bank name shall be the same as in the bank directory the g/l account house bank name need not be the same as the banks name in the bank directory the g/l account house bank name is user-definable the g/l account house bank name is defined at the chart of account level the g/l account house bank name is modifiable at the company code segment of the chart of accounts.
Your house bank number cannot be set to be defaulted from house bank key State whether this statement is true or false True False.
The G/L account for a bank is linked to a house bank many house banks one house bank plus one account id one house bank plus multiple account ids in the same bank many house banks and many account ids.
One bank account is mapped in SAP to account id house bank bank key G/L account Country plus bank key.
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