A company code is:(1) an independent accounting entity (the smallest organization element for which a complete selfcontained set of accounts can be drawn up). an organizational unit in an enterprise that represents a closed system used for cost accounting purposes. an organizational unit that provides an additional evaluation level for the purpose of segment reporting, for example. a dependent accounting entity, according to Fiscal Year. the highest level in the R/3 system hierarchy.
Consider the following sentences:
1)The variant principle is a three-step method used in R/3 to assign special properties to one or more R/3 objects.
2)One of the disadvantages to use variants is that it can't deal with the maintenance of properties, which are common among several business objects
3)For using the variant principle, you must define the variant, populate it with values and assign it to the R/3 objects.
4)This principle is used for Fiscal Years, Posting Periods and so on.
Which of them is false 1 and 2) 1 and 3) 1) 2 3).
Consider the following sentences:
1)A fiscal year has to be defined by means of separating business transactions into different periods.
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)The Fiscal Year variant only defines the amount of periods and their start and finish dates.
4)The Fiscal Year is defined as a variant, which is assigned to the chart of accounts.
Which of them are true? A. 1 and 2) B. 1 and 3) C. 2 and 3) D. 2 and 4) E. 3 and 4).
What is an independent fiscal year variant (Please choose the correct sentence)? (1) It is a variant which the postings periods are only equal to the months of the year It is a variant which you can define different number of periods, according to the year It is a variant which each own fiscal year uses the same number of periods, and the postings periods always start and end at the same day of the year. It is a variant which allows the use of different number of posting periods. It is a variant not normally used because of its particularity.
Consider the following statements about currencies concepts:
1)The currency code identifies each currency that will be used into R/3 system.
2)You have to define all the world's currency into R/3 system.
3)Exchange rate types distinguishes the exchange rates to be considered for various purposes, such as valuation, translation, conversion, planning, etc.
Which of them is true (Note: we can have more than one correct sentence. Please select the sentences you think they are correct)? 1 2) 3) 1 and 2) All of them. 1 and 3).
Consider the following sentences:
1)A base currency can be assigned to an exchange rate type.
2)To deal with exchange rate spreads, two very efficient combinations of the exchange rate tools are using a base currency for the average rate (M) and using the exchange rate spreads to calculate the buying and selling rates (B and G).
3)A base currency can be used for an average, a buying or a selling rate.
4)The relations between currencies have to be maintained per exchange rate type and currency pair in the translation factors.
Which of these combinations is true? (1) 1, 3 and 4) 1, 2 and 4) 2, 3 and 4) 1, 2 and 3) 1, 2, 3 and 4.
Consider the following sentences about the direct quotation:
1)It is also known as price notation.
2)The currency value is expressed in units of the foreign currency per unit of local currency
3)For direct quotation, the prefix to indicate the rate is "/".
What is the correct option? 1) 2) 3) None of them. All of them.
Consider the following sentences about the indirect quotation:
1)It is also known as volume notation.
2)The currency value is expressed in the local currency per unit of foreign currency
3)For indirect quotation, there is no prefix to difference between direct quotation. What is the correct option? All of them. None of them. 3) 2) 1).
What of these alternatives are considered master data
(Note: we can have more than one correct sentence. Please select the sentences you think they are correct)? (4) Chart of Accounts. G/L Accounts. Vendor. Customer. Asset.
What can we define into the chart of accounts customizing transaction
(OB13 transaction, Note: we can have more than one correct sentence. Please select the sentences you think they are correct)? (4) Description. Maintenance language. Length of the company code. Length of the G/L account number. Blocking / unblocking chart of accounts.
Consider the following sentences about the chart of accounts segment:
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.
Which of these combinations are false (Note: we can have more than one correct sentence. Please select the sentences you think they are correct)? 1 2) 3) 4) None of them.
True or false?
Please choose the right answer: (3) Every company code that needs to use an account from the assigned chart of accounts has to create its own company code segment For P+L statement accounts, the balance is carried forward to the same account. In the chart of accounts segment, it is necessary to indicate whether the account will be a balance sheet or a profit + loss statement account. Number intervals for G/L account master records can overlap. It is not possible to influence the appearance of an account's master data.
Consider the following sentences about field status:
1)Fields which are _____________can be ____________.
2) Fields which have an entry that ________________can be set to _________only (even in change mode)
Which of the options below matches the blank spaces of those sentences? used/suppressed for 1; must be changed/display for 2) not used/suppressed for 1; must be changed/display for 2) not used/optional for 1; should not be changed/suppressed for 2) not used/suppressed for 1; should not be changed /display for 2) used/optional for 1; must be changed/display for 2).
Consider the following sentences about field status:
1)Fields which _____________can be made____________.
2)Fields that can be entered, but are not required, can be set to _________entry Which of the options below matches the blank spaces of those sentences? must not have an entry/optional for 1; suppressed for 2) must have an entry/suppressed for 1; suppressed for 2) must have an entry/optional for 1; optional for 2) must have an entry/required for 1; optional for 2) must not have an entry/required for 1; optional for 2).
Consider the following sentences:
1)Reconciliation accounts are general ledger accounts assigned to the business partner master records to record all transactions in the sub-ledger
2)For accounts without line item display, the most important data from the posted line items is stored in a special index table.
3)The account currency must be in the local currency.
4)Items in accounts with open item management means the G/L accounts should have a offsetting posting for a given business transaction.
Which of these are true (Please choose the correct sentence)? 1 and 3) 2 and 4) 1 and 2) 2 and 3) 1 and 4).
Since the line item display takes up additional system resources, you should only
use it if there is no other way of looking at the line items. So, you should not activate the line item display for the following accounts.
(Note: we can have more than one correct sentence. Please select the sentences you think they are correct): (4) P+L Statement. Reconciliation. Revenue. Material Stock. Tax.
Consider the following statements:
1)Accounts with open item management must have line item display activated.
2)You can activate or deactivate open item management everytime, even if the account hasn't a zero balance.
3)You can select both local and foreign currencies as account currency.
4)If the account is the local currency, the account can only be posted to this currency.
5)When using the "Only Balances in Local Currency" indicator in the master data record, transaction figures are only managed for amounts translated into local currency.
Which of the above statements are true (Note: we can have more than one correct sentence. Please select the sentences you think they are correct)? (3) 1) 2) 3) 4) 5).
True or false? Please choose the right answers (3) The "Only Balances in Local Currency" indicator must not be set in reconciliation accounts for customers or vendors. The "Only Balances in Local Currency" indicator is usually set in balance sheet accounts that are not managed in foreign currencies and not managed on an open item basis. Accounts with a foreign currency as an account currency can be posted to any currency. You can use a group chart of accounts for internal purposes. The usage of a financial statement version for the group chart of accounts is optional.
What is the disadvantage of using the group chart of accounts? (Please choose the Correct sentence) Because changes to existing G/L Accounts are effective as soon as they have been saved and could have extensive consequences Because accounts with the account currency as local currency can only be posted to this local currency Because the company codes use different operational chart of accounts, you cannot carry out cross-company code controlling. Because the group chart of accounts must be assigned to each operational chart of accounts. Because you must enter the group account number in the chart of accounts segment of the operational account.
Consider the following statements:
1)You cannot use the country chart of accounts if you desire to use the cross-company code controlling.
2)The disadvantage of using country chart of accounts is the accounting clerks who may be familiar with the country chart of accounts first have to get used to using the operational chart of accounts.
3)Reconciliation accounts are updated on a daily basis. Which of them are false (Please choose the correct sentence)? 1 and 2) 1 and 3) 2 and 3) All of them. None of them.
Which are the segments of the SD view of the customer account master data?
Note: we can have more than one correct sentence. Please select the sentences you think they are correct) (2) Client. Company Code. Controlling Area. Sales Area. Purchasing Organization.
Which are the segments of the MM view of the customer account master data (Note: we can have more than one correct sentence. Please select the sentences you think they are correct)? (2) Client. Company Code. Controlling Area. Sales Area. Purchasing Organization.
What is the segment that makes complete both customer and vendor accounts (Please choose the correct sentence)? Client. Company Code. Controlling Area. Sales Area. Purchasing Organization.
What characteristics are configured as standard for every customer/vendor account (Note: we can have more than one correct sentence. Please select the sentences you think theyare correct)? (2) Line Item Display. Company Code. Currency. Open Item Management. Purchasing Organization.
Consider the following statements:
Which of the above statements are true (Note: we can have more than one correct sentence. Please select the sentences you think they are correct)? (3) Number ranges for customer/vendor accounts can overlap. An one-time account is a special customer/vendor master record which a company rarely do business. The account group is used to control the fields displayed in the master record. If you enter an alternative payer, the amount to clear the open items due in the account is paid by the alternative payer. One number range can only be assigned to one account group.
True or false? Please choose the right statements: (3) A. For every bank that is used in the system (for example, as a house bank or as a customer/vendor bank) you have to create a bank master record. B. You cannot create bank master data when entering bank information in the customer or vendor master record. C. Banks that are used by your company are defined as house banks. D. Customers that use the lockbox function can create a batch input session that automatically updates customer banking information in the master record. E. Bank Account and G/L Account are the same master data object.
True or false? Please choose the right statements: (3) Number ranges for document numbers and account types defined for postings are defined by the document types Document types are defined at company code level. Document types also define whether invoices are posted with the net procedure. The system can assign the document numbers or the user can assign the number during document entry. A business transaction creates only one document.
What do the posting keys specify? (4) (Note: we can have more than one correct sentence. Please select the sentences you think they are correct)? Whether the accounts are allowed for posting. Whether the line items are valid for a business transaction. Whether the line items contain "credit" or "debit" values. Whether the line item is connected to a payment transaction or not. Whether the posting is sales-relevant and the sales figure of the account is to be updated by the transaction, for example, by the posting of a customer invoice.
Consider the following statements: What is the right statement(s)? (3) '+' symbol represents all account types in the posting period customizing screen. A company code must be assigned to a posting period variant to have the control for posting periods. The maximum amounts are defined per company code in "tolerance groups". It is not possible to assign tolerance groups to user logon ID'S. The account interval in the posting period customizing screen can be both G/L and subledger accounts.
What fields of a Fl Document Header section can be changed after a document has already been posted? (2) (Note: we can have more than one correct sentence. Please select the sentences you think they are correct) Reference Number. Header text. Fiscal Year. Posting date. Text fields.
About the change control, what conditions below are applicable? (3)
(Note: we can have more than one correct sentence. Please select the sentences you think they are correct) The document is not a credit memo from a down payment. The line item is either a debit in a customer account or a credit in a vendor account. The posting period is already closed. The document is a credit memo for an invoice. The line item is not yet cleared.
What are the prerequisites to enable negative postings? (3) (Note: we can have more than one correct sentence. Please select the sentences you think they are correct). You have to define the document type that explicitly allows negative postings. You have to define reversal reasons for negative reversal. You have to reset cleared items. You have to ensure company code permits negative postings. You have to use cleared items.
What is the purpose of the terms of payment? (Please choose the correct sentence) Define the baseline date. Enable the cross-company code transactions. Calculate a cash discount and invoice due date. Calculate only the required conditions for SD invoices Calculate the tax amounts.
Consider the following statements: Which of the statements is false (Please choose the correct sentence)? The account type field in terms of payment basic data screen should be defined separately, to prevent any done change in the term of payment. Terms of payments are copied from invoice to credit memos when they are linked to. Inserting a "V" in the invoice reference field during document entry means the terms of payment are activated in the non-invoice-related credit memos. The day limits define the dates of the cash discount periods. The system cannot define the splitment of an installment payment, at least you define it in the terms of payment.
True or false? Please choose the right answers: (2) A tax calculation procedure is assigned to every company code for carrying out tax calculations. If you desire to post manual tax postings, you have to flag the "Post Automatically Only" field of the account master record. A jurisdiction code is a combination of the codes of tax authorities that tax movements of goods and use their own tax rates. SAP supports tax on sales and purchases, US sales tax, additional taxes and withholding tax as tax systems for different countries Only national level of taxation is allowed in the R/3 system.
What are the examples of cross-company code transactions in the R/3 system? (3) (Note: we can have more than one correct sentence. Please select the sentences you think they are correct One company code makes purchases for other company codes (Central Procurement). One company code sells goods to other company codes. One company code pays invoices for other company codes (Central Payment). One company code transfers CO postings to other company codes. One company code sends HR salary expenses to other company codes.
Consider the following statements: Which of the statements are true (Note: we can have more than one correct sentence. Please select the sentences you think they are correct)? (2)
"Posting with clearing" function can be carried out for several accounts, account types and for any currency simultaneously. Open items are incomplete transactions, such as invoices that have not been paid. Items with withholding tax can be cleared for the automatic clearing program. You can only carry out the "posting with clearing" transaction manually. Documents with open items can be archived.
What are the three types of tolerances in the Fl component of the R/3 system (Please choose the correct sentence)? Company Code Groups, G/L Account tolerance groups and Customer/Vendor tolerance groups. Employee tolerance groups, G/L Account tolerance groups and Customer/Vendor Tolerance groups. Employee tolerance groups, Assets tolerance groups and Customer/Vendor tolerance groups. Company Code Groups, Employee tolerance groups and Customer/Vendor tolerance groups. Employee tolerance groups, Material Stock tolerance groups and Customer/Vendor tolerance groups.
True or false? Please choose the right answers (4) A. The system doesn't post the exchange rates differences as realized gains or losses. B. When the payment has been posted as a partial payment, all the documents remain in the account as open items. C. When the payment has been posted as a residual payment, only the residual value remains in the account and the original document and the payment are cleared. D. Realized exchange rate difference is the considered rate when an open item is cleared. E. G/L accounts must be defined for exchange rate losses or gains.
Which of them are valid business transaction types for cash journal? (4) (Note: we can have more than one correct sentence. Please select the sentences you think they are correct) A. Revenue. B. Dunning C. Expense. D. Customer Incoming/Outgoing payments E. Vendor Incoming/Outgoing payments Cash transfer.
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