|A chart of accounts ( Multi ) can be allocated to multiple company code can be defined as the group chart of accounts only contains definitions for G/L accounts can only allocated to one company code.
Which of the following statements is true when configuring a group chart of accounts? In the company code segment of every operational account, the group account number will be a required entry. The group chart of accounts is assigned to the company code in the company code global parameters screen. When the assignment is made between the group and operational chart of accounts, the field group account number becomes an optional entry. A one to one relationship exists between the group account number and the operational account number in the G.L. master.
Which are true regarding operational chart of account. (Single). To perform allocations between companies codes in the controlling each company code must be assigned to its own operational COA. A company code can choose to work with multiple operational COA. If cross company code controlling is required the same operational COA must be used. Company code with different base currency must work with there own operational COA. The operational COA is optional by co. code.
A client. ( Single ) only contain a single chart of accounts may contain multiple charts of accounts only use one exchange rate type only have one controlling area.
Identify the correct statement(s) regarding organizational elements within the R/3 System. The Business area is defined at client level and changed in transactions defaulted by Cost Center. A plant is a location in which inventory quantities and values are stored or manufactured. A Controlling area can comprise several company codes using different chart of accounts but must operate in the same currency.
Which of the following statements is true ? ( Single Choice) A Company code can belong to more than one controlling area. A plant must be allocated to a company code A controlling area and a company code must have the same local currency. A business area and a company code are assigned to each other in the corporate structure IMG.
The productive indicator in the Company Code controls the following. Blocks Implementation Guide menu path De-activates the delete documents and delete master data programs De-activates the Transport and Correction Request System Prevents the fiscal year variant from being changed in the Company Code Prevents the Chart OF accounts from being changed in the Company Code.
Identify the correct statement Business area is defaulted to a Co code in FI. Business area is mapped to a co. code in controlling area. Business area is used for internal P&L a/c and Balance sheet. Business area if activated in FI will necessitate an assignment in controlling area master record. Business area can be mapped to profit center in company in order to produce more accurate P&L account.
Identify the correct statement(s) relating to how the main business processes are integrated in the SAP R/3 System. ( Multi Choice) A goods receipt is the recording of the movement of materials into the warehouse. In SAP, a financial document which updates the inventory account and an accrued liability account is created The Invoice receipt and verification process compares the vendor invoice with the purchase order and goods receipt. However, the corresponding financial transaction must be entered through the financial module of R/3. In SAP, payment processing reduces the liability to a vendor and a company codes cash balance, records discounts taken and disburses payment. A customer delivery is the transfer of the ownership of goods. A customer delivery includes, creation of a delivery document, picking the goods for shipment; physically transferring the goods to the customer and financially recording the goods issue.
Please click on the button next to the correct answer. The business area can run across many company codes, i.e. all company codes can post in all business areas. A company code may belong to more than One Controlling Area. Each company codes uses exactly one chart of accounts and one controlling area for assignments Business areas are used to create internal balance sheets and income statements.
Which correspondence extracts all items in the chosen period from a customers account displays the balance carried forward balance and a closing balance of the account ? Payment advice Payment notice Account statement Dunning notice.
Which of 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 as mandatory, suppressed or optional, depending upon the company code.
Which of the following statements are correct? A FI customer master is divided by client level and company code level. In case of one-time customer you have to enter the customers address in the document itself. Address, control data, and reconciliation account are included in the client level of the customer. The most efficient way to create master records is to work with the external number range not internal number range.
Which of the following statements are correct? If a customer is also a vendor, the system can include outstanding Accounts Receivable invoice items in payment program. If a customer is also a vendor, the system can include outstanding Accounts Payable invoice items when you clear incoming payment receipts for the customer. The reconciliation account defined on the customer master record is an account used to reconcile CO transactions back to FI. All customer belonging to the same account group must be assigned to the same reconciliation account. The alternative payer is used to transfer outstanding receivable item to the alternative payers account.
Which of following statements are correct? [mul] The customer master data comparison the customers in the legacy system with the customers in the R/3 System. The customer master data comparison compares which master records are already created in financial accounting but not yet created in sales and distribution. The customer master data comparison compares which master records are already created in purchasing but not yet in sales and distribution. The customer mater data comparison checks whether the customer master record contains a telephone number.
Which statement is true? (Multi) In Vendor master record it is possible to activate a check for duplicate invoice at doc entry If you delete a vendor master record, data is automatically deleted on both chart of account level and co. 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 co. code or for all co. codes. Bank master data for vendor can only be created with in customizing.
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.
Which of the following about vendor transaction is correct. (Multi) Vendor down payment is shown on balance sheet under normal reconciliation account for payables. Special g/l transaction is one, which is included in spl purpose ledger under coding block in G/L account. A vendor down payment request cannot be included in payment program to produce down payment A vendor down payment request is a noted item. A vendor down payment is cleared after final invoice is received from vendor.
Which is correct. Customer master is divided by client level & co. code level. In case of one time customer customer address in entry .
Which is correct. If a customer is also a vendor system includes outstanding account receivables invoice items in the program. If a customer is also a vendor system includes outstanding account receivables invoice items in the clearing. .
Which of the following statement affect creating customer master records are correct. An account group gets assigned to customer Co. code is always a reqd entry. Account number may be assigned externally.
Which of the Following statements about automatic payment are correct ? In automatic payment procedures, all incoming invoices as of the second dunning level are paid automatically Direct debiting or bank collection can be used in automatic payment procedures to clear customer invoices Open items posted to G/L accounts can be cleared using the payment program Special G/L transactions(down payment)can be posted using the payment program The payment program can pay vendor invoices using wire transfers and checks.
Imagine the following scenario:
A company wants to execute a payment run on a daily basis and process several company codes at the same time. If the amount exceeds US$ 1000, the vendors are to be paid by bank transfer, amounts less than US$ 1000 are to be paid by check. The customer has two house banks and wants all checks to be processed by bank A and all
You store variants for print programs within customizing. Here you can specify that the information is to be output to a data carrier You specify, per house bank, whether payments are to be made by check only or also by transfer You specify the payment method from within the application,in the master record The payment proposal of the automatic payment program can only be displayed You can precisely schedule the print program from within the application.
According th which criteria does the payment program determine and select open items: posting date and baseline date document date and posting date baseline date and payment terms posting date and cash discount periods posting date and payment terms.
Which of the following statements are true with regard to the customizing setting for banks in the automatic payment run ? The sequence of the banks for processing outgoing payments is selected randomly You can only determine one payment method per house bank You can select several payment methods per country You can specify by bank and method the anticipated number of days before the bank account is debited You can determine the banks to be used for payments according to postal code.
Which of the following factors does the systems take into account in a payment run ? Fiscal year variant Payment method specifications in the IMG Specifications in the vendor master records Information in the documents(incoming invoices) e.Specifications made when maintaining the payment run parameters.
Identify the correct statement(s). (Multi) The vendor master record is divided into three different data areas; General data, Accounting data and Purchasing data. When the goods receipt is posted, the system automatically updates the general Ledger accounts by the value of the goods receipt. It is also possible to include an additional account assignment object such as cost center, order or asset. MM and FI set up and use different account groups for their respective view of the vendor master record. The account group determines the number interval for assigning the account Number to the vendor, whether or not the number in internally or externally Assigned, and what fields are mandatory, suppressed, displayed and optional A purchase requisition is a binding contract with a vendor to supply certain materials or Services based on certain terms and conditions.
Suppose that one company is used as both a vendor and a customer. Which of the following statements are correct regarding creating linked customer and vendor master records for this company? (Multi) Only one business partner master record is created, with client level, purchasing, sales, And accounting data. This prevents the creation of redundant master data. If the master records are linked correctly. The vendor and the customer line items will be posted to the same reconciliation account. The corresponding vendor master number must be entered in the client level of the customer master record and vice versa. The vendor and customer records that are to be linked may have different account numbers. Once properly linked, sales invoices and purchase invoices for this company will automatically clear against each other.
Which of the following statements about transactions are correct? (Multi) An invoice may be parked by an accounts clerk and a workflow message sent Automatically to the supervisor. Credit memos can be included in the payment program to reduce the final invoice Value paid. A parked invoice has a temporary document number assigned by the user. An invoice which has been cleared by the payment program can only be reversed After the cleared line items have been reset. An individual cheque cannot be printed automatically when you manually post an Outgoing payment.
Which of the following statements about one time accounts are correct? (Multi) One time accounts must use an account group which has been defined specifically for one time accounts. A one time account group must use a different number range from all other account Groups. The vendor¡¯s name and address are not held in the one time account master record. Credit memos cannot be created for a one time vendor account. You cannot change a one time account master record once it has been daated.
Between which functions in the FI-MM module does a direct relationship exist? (Multi) Requirement planning- Invoice Verification Invoice verification- Account Payable. Inventory Audit- Invoice Verification. Purchasing Invoice Verification. Goods issue to a production order G/L account.
Which of the following statements are correct ? When creating a House bank, you do not need to specify the country. The payments program can use a different House bank for each different payment method A House bank account can be defined in more than one currency House bank master data must be created in advance, before assigning the House bank to a payment method in the payment program configuration e.A house bank can be assigned to a business area within the payment program configuration.
In a Payment method definition a. Define a maximum and min payment b. Define house bank link c. Define allowed currency for company code d. Define allowed currency for country level .
Which of the following statements about House banks are correct. a.House bank is linked in all FI Accounting masters b.House bank Account ID is linked in all FI accounting masters c.House Bank currency is controlled by Vendor master d.Vendor Master currency controls AP payment e. Payment method currency alone controls House Bank account ID postings to GL.
35.Which of the following statements about creating customer master records are correct? a.An account group always gets assigned to a customer. b.The company code is always a required entry. c.The account number may be assigned by the user externally. d.Information on each screen may be defined in configuration as mandatory, suppressed or optional, depending upon the account group. e.Information on each screen may be defined in configuration as mandatory, suppressed or optional, depending upon the company code.
38That system tool allows you to add graphics, re-arrange fields, add pushbuttons and change input fields into radio buttons? a.GuiXT b.GuiCapture c.SAPGui d.SAPShow e.Profile Generator.
39Which of the following can you add to a Favorites list? a.Files b.Transactions c.Web address d.Reports e.User menus.
40The date format can be defined by the following: Country b.System c.User d.Company e.Plant.
41Which of the following statements regarding year-end closing are correct? a.The balance carry forward program can be run at any time during the fiscal year. b.The system creates the balance carried forward for every balance sheet account for new fiscal year. c.The p&l accounts balance is transferred to a Retained Earnings account. You determine the retained earning account as part of the selection criteria when executing the Balance Carry Forward program. d.Posting during the Balance Carry forward program is possible.
42. The en entering a document using a foreign currency, which date is used to determine the exchange rate if the translation date is not entered ? a. Posting date b.Document date c.Baseline date d.Entry date.
43.Which type of currency will R/3 always track when posting a document? (Single) a. Local currency b Group currency c Transaction currency d Group & transaction currency e Local & transaction currency.
44.Where are posting periods defined? a.Posting period variant. b.Fiscal year variant. c.Field status variant. d.Closing period variant.
45Which of the following statements supports the reversal of a document? a.The original document contains no cleared line items. b. Documents originating in other modules should be corrected there to allow the changes to flow naturally through to financial accounting. c. If a reversal date is not specified, the system reverses the document using the posting date of the document to be reversed. d.A new document number is created for the reversal document.
46Choose the correct statements regarding recurring documents. a.When creating a recurring document, the valid time period must be defined. b. The posting date is determined by either the run date or the run schedule. c.Field values can be changed in recurring document. d.After running the recurring document posting, the next run date cannot be displayed. e.The original recurring document can be deleted from the batch input menu.
47.bulk change of line item - this function allows you to change a whole group of line items simultaneously, instead of having to change individual items in the documents. What data can you change using this function? a.The reconciliation account b.The company code c.The payment terms and payment block d.The house bank and payment method.
48.which of the following statements are correct?[mul] a.Posting keys are used to define the screen layout for document entry and take priority over other field status groups. b.Validations and substitutions can be carried out in FI but not in the Special Purpose Ledger c.The main purpose of a payment advice note is that it can be used to automatically search for and then compare open items as part of the clearing process, thus eliminating the need to make individual selection entries. d.Two of the currencies available in the FI system are the transaction currency and the company code currency, these are defined at country level within configuration.
49. Which of the following statements in correct?[single] a.The field status definition controls the Document type, Posting key and Account number. b.The documents number assignment can be controlled using the Account type. c.The tax rates and tax codes for the various countries are predefined by SAP. d.The field status definitions determine the screen layout, when you enter a document using the relevant G/L account. e.The document type controls which company code is used in a G/L posting.
50. What controls whether a line item is a debit or credit and specifies the type of account for a line item. (Single) a.Posting key. b.Document type c.Account group d.Field status.
51.What controls the number assignment assigned to a financial document in R/3 (single). a.The number range assigned to the account group. b.The number range assigned to the document type c.The number range assigned to the Posting key d.The field status group.
52.Closing of period is controlled by. (Single). a.Posting Period variant. b.Fiscal year variant. c.Field status variant. d.Closing period variant.
53.Where are the posting period defined. (Single) a.Posting period variant. b.Fiscal year variant. c.Field status variant d.Closing period variant.
54.What is the difference between distribution and assessments? a.Distribution can be made for both planned and actual figures; assessments cannot. b.Distributions can be made using statistical key figures; assessments cannot. c.Distributions are used when the original cost information is necessary on the receiver; assessments are used when this information is not necessary on the receiver. d.Distributions are made using the original primary cost elements; assessments are made using secondary cost elements.
55.Out of the following select the right answers a.Cost element category controls FI posting only. b.Cost element is a must for all GL accounts c.All P&L GL accounts should be cost element. d.All cost elements are linked to Activity type.
56.Activity types can be a.restricted for a single cost center directly b.created for a restricted period only c.created with primary cost element assignment d.All activity types are used in Cost center planning without any restriction. e.Planning of price is done for a activity for all cost centers.
57.Select out of the following which statements are correct. a.Cost center can be defaulted in all FI line items in all GL accounts b.Internal order can be defaulted in all FI line items in all GL accounts c.Cost center can be defaulted in GL accounts provided it is assigned to company code. d.Cost center is linked to company code as Chart of accounts is linked to the same company code. e.Time dependant data is possible in Cost center, cost element, Activity type and SKFs.
58.Which of the following statements about financial reporting are correct? a. A financial statement version displays either a balance sheet or a profit and lost statement, not both. b.When displaying a financial statement, the system can automatically calculate the profit and loss statement result. c.You can obtain a summarized financial statement for any hierarchy level defined in the financial statement version. d.The system can translate a financial statement into any currency for reporting purposes. e.A financial statement version cannot include more than one company code, unless you are using FI-LC.
59.An account group.[mul] a.Defines the number range for a mater record. b. Uses a field status group to control the field layout for the maintenance of mater records. c. Determines one-time accounts for accounts payable and accounts receivable. d. Is defined for every company code.
60.You have several options for creating G/L accounts . Which of the following statements are corrent?[mul] a.You can create a G/L account in a company code without using a sample account. b.You can create a G/L account in chart of accounts. c.You can create a G/L account in a company code using a samples account. d.You can create a G/L in a controlling area if you specify the chart of accounts and the company code. e.You can create a G/L account when settling an order.
61.Which of the following statements are correct regarding open item management?[mul] a.In order to manage line items as open and cleared for venders and customers the open item management¡± Indicator must be on in the reconciliation account master record. b.Vendor and customer account are always open item management accounts. c.In order to be able to manage line items as open and cleared, the line item display indicator must be on in the G/L account mater record. d.I order to be able to manage line item as open and cleared, the open item management indicator must be on in the G/L account master record. e.In order to be able to manage line items as open and cleared, the sort key must be defined as the document number.
62.When you create a G/L account the following entries must always be assigned to the account a.Account Group. b.Balance sheet a/c & P&L statement type. c.Short text. d.Sample account number e.Consolidation trading partner.
63.Which of the following are true: a.Multiple currencies can be assigned in G/L master record to facilitate reporting. b.Key words may be input as search criteria on a G/L master for use with only one Co. code c.A G/L account will have the changes made to it if any tracked in a separate data base. d.All G/L Balance Sheet accounts are marked with Account type B.
64. The primary cost element is one type of master data in Controlling. Before you can create a new primary cost element, certain prerequisites need to be fulfilled Which of the following conditions must be fulfilled BEFORE you can create primary cost elements? (37-2) a.The controlling area must be defined. b.The cost center must be defined. c.The G/L account must be defined. d.The plant must be in the system. e.The business areas have been defined.