SAP FI

1. Which of the following are special G/L types? Choose the correct answer(s). Noted items. Down payments. Automatic offsetting entries (statistical). Free offsetting entries. Other types.

2. The following applies to the special general ledger type of noted items. Choose the correct answer(s). The special G/L indicators of your own can be created of this type. The account for the offsetting entry is selected a. No postings are made on an offsetting account. Noted items are posted on an alternative reconciliation account. Noted items cannot replace any proper FI documents.

3. Which statements are correct?. A company code can be assigned several workflow variants. A task can be assigned one possible processor only. It is possible to design multilevel workflow sequences. The same workflow variant can be assigned to several company codes.

4. Name reasons for archiving data. Improve response times. Keep data secret from auditors. Reduce system downtimes during software upgrades. Lower the effort involved in database administration.

5. Which prerequisites are checked by the system before deleting master data?. For GL account: has a deletion indicator been set?. For customers: have they been created before 1995. For vendors: are there still transaction figures?. For GL accounts, customers and vendors: are there still documents?. For banks: is a bank balance sheet overdrawn?. For banks: are they still being used?.

6. 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.

7. How many possibilities are possible with New General Ledger? Choose all that apply. Account balancing with any characteristic. Customer Fields Extensibility. Segment Reporting. Reduction of Total Cost of Ownership. Transparency and Uniformity.

8. The New General Ledger now consists of what functions? Choose all that apply. FI Classic. Profit Center Accounting. Product Costing. Reconciliation Ledger. Schedule Manager.

9. What are the advantages of using the New General Ledger? Choose all that apply. Extended data structure. Document (Online) Split. Real Time Integration between CO and FI. Multiple Ledgers can be maintained under leading ledger. Interfaces for entering the data and postings are nearly identical.

10. True or False: Please choose the correct answer. The New GL is optional for existing SAP Customers. New SAP customers will have to activate New GL by Default. ECC 6.0 will prohibit the use of PCA above General Ledger. The new SAP Installation will choose between Old and New Ledger. Customers within New Ledger will have limited extensibility.

11. What Customizing transaction will activate the New General Ledger? Chooseall that apply. FANEWGL_ACTIVATION. FAGL_ACTIVATION. GL_ACTIVATION. NEWGL_ACTIVATION. FIGL_ACTIVATION.

12. After Activating the New GL, what following changes will take place? Choose all that apply. There will be new Paths for New GL in addition to existing (Old) GL. Conventional Financial Accounting Paths will remain at their present form. Old paths can be eliminated by running RFAGL_SWAP_IMG_OLD. Old paths can be eliminated by running FIGL_SWAP_IMG_NEW.

13. What will be the new ledger definitions after the activation? Choose all that apply. Control Parameters (as before) will be from company code. The leading ledger will manage local currency(s) assigned to company code. New GL will use the same Fiscal Year Variant and Posting Period Variant that is assigned to company code. There will be or can be multiple leading ledgers. If multiple ledgers are used, values from all the ledgers can be posted on to CO.

14. Choose the correct answer(s). After activation, Financial Accounting Document will have two views: The entry view and the GL View. Entry View will be the same in sub-ledgers (AR / AR / AA / Taxes). The way the document will appear in General Ledger view will be the same as Entry view. There will be no extra views on documents and no changes will be made.

15. Pre-closing activities that begin in the old month include: Open new accounting period. Foreign currency valuations and financial statement adjustments. Enter accruals/deferrals, process recurring entries and bad debt expense in AR ,post depreciation and interest expenses in asset accounting. Creation of external and internal reports.

16. Which of the following are “special items” in financial statement version?. Profit and loss results. Expenses. Accounts not assigned. Notes to financial statement.

17. The depreciation position program RAPOST2000 can be used to record the following: Ordinary (book and cost-accounting) depreciation. Tax special depreciation or the allocation and write off of reserves for special depreciation on the basis of tax special depreciation. Unplanned depreciation (or other manually planned depreciation). Imputed interest. APC revaluation below/above the accumulated depreciation.

18. Which of the following are required settings for foreign currency valuation. Define exchange rates. Define valuation methods. Define expense and revenue accounts for exchange rate differences. Specify balance sheet adjustment accounts for receivables and payables.

19. The Accrual Engine can be used for the following purposes. Lease accounting. Provisions for awards. Automatic accruals in financial accounting. Intellectual property management.

20. The ‘posting period’ can be defined for each. Company code. Accounting principle. Posting period variant. Accrual type.

21. The ‘purpose of account determination’ is to determine the following: Document type. Debit account. Credit account. Balance sheet account.

22. Accounts are determined using ‘derivation rules’ consisting the following. Which of them is/are optional?. Source fields. Target fields. Conditions. Rule entries.

23. Which of the following are fields of ‘General Data’ in customer/vendor accounts?. Address. Insurance. Control data. Account management.

24. In SAP every document is uniquely identified by the following fields. Company code. Document number. Fiscal year. Posting period.

25. Which of the following are the steps involved in the ‘payment process’?. Setting parameters. Generating a proposal. Scheduling the payment run. Printing the payment media.

26. What are the fields by which every dunning program run is identified?. Run date. Program number. Customer number. Identification.

27. Items that are to be dunned are grouped together in dunning notices if they have the same of following: Company code. Dunning area. Account. Number range.

28. Which of the following are advantages of document splitting?. Accelerate closing. Increased data quality. Extensibility and flexibility. Real-time integration.

29. Which of the following is not correct?. The main ledger generally reflects the accounting principle used to draw up consolidated financial statements. The main ledger is the only ledger that is integrated with controlling module by default. For parallel financial reporting, other ledgers cannot be used in addition to the main ledger. Consolidated financial reporting is normally mapped with main ledger.

30. The following can be used for G/L account evaluations. Balance display. Key figure reports. Reports for financial statement analysis. Interim report.

31.Which of the given sentences is true. Secondary cost elements area used in production that are produced from outside the company. Cost elements are indicators, used as a basis for allocations and for performing key figure analysis. Cost centers are the organizational units that incur and influence costs.

32. What can you say about the standard hierarchy (Please choose the correct option)?. It is the top of a Profit Center group, which all Cost Centers/Profit Centers may be assigned. This is a representation of the board directors cost center. It can be defined after creating cost centers. It must be defined before creating cost centers. Its name is defined after creating controlling area and it must follow certain SAP standard rules, as having the same name of the Controlling Area.

33. "During a fiscal year, you can only change the assignments of the organizational units company code, business area or profit center to a cost center if: Which one is False. The currency of the new company code is the same as the currency of the old company code. You have only posted planning data in the fiscal year. The cost center is not assigned to a fixed asset, work center or HR master record. All are Correct.

34. Define Cost Center Category (Please choose the correct option). It is allowed for only one cost center master data. It is a CO object where costs are incurred. It is an indicator in the cost center master data, which specifies the category for the cost center. It is an indicator in the controlling area, which specifies what kinds of cost center can be entered. It is an indicator in the chart of accounts, which specifies the category for the cost center.

35. Define Primary Cost Element (Please choose the correct option). It is the object in CO module that correspond to the expense and revenue accounts in FI module. It is the object in CO module that are used to record internal value flows like activity allocation, assessments and settlements. It is the object in CO module that are used exclusively to identify internal cost flows and records revenues. It is a revenue element, used in CO and it corresponds to a Balance Sheet Account in FI module. It is a tracing factor that helps to classify the specific activities that are provided by one ot more cost centers within a company.

36.The activity type category is used to determine whether and how an activity type is entered and allocated. True. False.

37. Splitting process can be divided in to following steps. Active split. Passive split. Legal split. Clearing lines/zero balance formation by document. Partial split. Total split. Option A,B and D.

38.Choose the correct option. Reposting line items creates CO documents which don't contain a reference to the FI document. Commitments are payment obligations that are not entered into the accounts, but that lead to actual costs at a later date. Purchase orders reduces the commitment values. To directly allocate activity, create an activity type of the category 1 (manual entry,manual allocation). You can reposting direcy activity allocations in periods and in the same period formwhich the document to be adjusted originates.

39. Which of the following are correct about periodic allocation?. Both Distribution & Assessment can be applied as a Periodic Allocation Technique in the New Ledger. However Periodic Reposting is not used. Statistical Key Figure presently cannot be used as a Tracing Factor. Distribution Generates a FI Document as an output. A separate Assessment account needs to be defined for New General Ledger as a GL Account that is not a secondary Cost Element of category 42.

40. Which of the following statements is true (Please choose the correct option(s))?. The SAP R/3 system saves the information from the clearing cost center in totals records during a periodic reposting. The cycle-segment method is used only for defining periodic reposting. Independent cycles can be processed in parallel if they have the same allocation type. You can process cycles in the same cycle flow group in parallel. During distribution, the original cost elements are summarized into distribution costelements (secondary cost element category = 42).

41. What can we say about period lock (Please choose the correct option)?. It is used to lock the business transactions for a combination of company code, fiscal year and document number. It is used to lock the business transactions for a combination of company code, fiscal year and version. It is used to lock the business transactions for a combination of controlling area, fiscal year and version. It is used to lock the business transactions for a combination of company code, fiscal year and plant. It is used to lock the business transactions for a combination of company code, fiscal year and purchasing organization.

42. Which of the following are advantages of ledger solution?. You maintain a separate ledger for every accounting principle. You can use different fiscal year variants in this scenario. The number of G/L accounts is manageable. The data volume decreases.

43. When planning statistical key figures, it uses a ________________ for period-baseddistribution of the total values. Receiver base. Free entry. Planned value. Distribution key. Secondary statistical key figure.

44. Plan values on cost centers can often be calculated using mathematical dependencies.___________________ lets you use calculation dependencies to plan your cost center costs. Formula planning. Resource planning. Dependency planning. Accrual calculation. Distribution.

45. Which of the following are migration principles?. Date of Migration is at the beginning of a Fiscal Year (Current or Future). Year End closing of the Old Fiscal Year must be completed prior to migration and Activation of New GL. After successful data Migration, New GL will be activated. New GL should be activated before data migration.

46. Consider the following statements about Report Painter. key figures, predefined columns, system libraries and characteristics. predefined columns, key figures, system libraries and characteristics. predefined columns, characteristics, key figures, and system libraries. key figures, characteristics, predefined columns and system libraries. characteristics, key figures, predefined columns and system libraries.

47. Which of the following are part of financial statements?. Automatic offsetting entries. Noted items. Free offsetting entries. All of the above.

48. The following statement(s) is/are correct with holding documents. Free assignment of the designation/ID. A document number is assigned. No update of the transaction figures. Not taken in to account for evaluations/reports.

49. Which of the following are process dimensions of SAP business workflow?. Organizational structure. Process structure. Function. Information.

50. What can we say about Planner Profile (Note: we can have more than one correct sentence. Please select the sentences you think they are correct)?. It allows to control the planning process. In a given planner profile, you cannot assign any number of planning layouts to any number of planning areas. The R/3 system contains standard planner profiles. Planner profiles are defined using the Report Painter. You can assign more than one planning layout to each planning area in the planning profile.

51. Which of the following are screen areas of Business Workplace?. Selection tree. Workflow. Work list. Work item preview.

52. Which of the following are callup points?. Document number. Document header. Document line item. Complete document.

53. Profitability Management is related to which SAP R/3 specific module (Please choose the correct option)?. Financial Accounting. Materials Management. Controlling. Enterprise Controlling. Sales & Distribution.

54. Transaction type specifies which of the following are updated: Value fields. Depreciation areas. Asset balance sheet accounts. All of the above.

55. You can assign an asset to the following Controlling objects: cost center. Internal order. Activity type. Maintenance order. All of the above.

56. Which of the following are Form Types in drilldown reporting?. Single axis form without key figure. Single axis form with key figure. Dual axis form with key figure. Dual axis form without key figure.

57. Which of the following evaluations types available only for customers?. The DSO (Days Sales Outstanding) evaluation. The overdue items evaluation. Terms Agreed/Terms Taken. The currency analysis) The due date analysis.

58. Which of the following is not a function of SAP List Viewer?. Select List. Select Detail. Summation. Select Columns. Select Report.

59. What characteristic is needed when we need to calculate profits according to the cost-of-sales approach (Please choose the correct option)?. Plant. Cost Center. Functional Area. Dummy Profit Center. Operating Concern.

60. Consider the following sentences and choose the correct option: All transactions carried out during a period are stored with a date weighting in the average balance ledger. The opening balance is taken from the average balance ledger "8A". The average balance ledger (8Z) contains both weighted transactions by period and by company code. A transfer price is a price used to plan the transfer of goods and services that should be occur between independent organizational units. The assignment of a Report Painter/Report Writer to a library is optional.

63. What are the functions integrated in the Schedule Manager (Note: we can havemore than one correct sentence. Please select the sentences you think they are correct)?. Error correction and Restart. Various ways for starting jobs. Dependencies. Documentation integrated into the system) Uniform Error Analysis.

64. What are the advantages of using the Schedule Manager during the period-end closing processes (Note: we can have more than one correct sentence. Please select the sentences you think they are correct)?. Changes not recognized or active immediately. Changes are immediately visible and effective. Access is available to everyone with authorization. The system executes settlement. Documentation ad flow for period-end closing are centrally integrated in the R/3 system.

65. What is the intention of a task list?. It is intended to group all work to be done. It is intended to be restricted to the financial manager. It is intended to make the user list the transaction codes. It is intended only to collect several jobs. It is intended to be self-documented.

66. What are the four task types (Note: we can have more than one correct sentence)?. Create transaction code. Notes. Transactions. Programs with variant. Flow definition.

67. What does the monitor provide (Note: we can have more than one correct sentence. Please select the sentences you think they are correct)?. The access to messages and result lists. The visualization of both entire technical and business information. The opportunity to postpone someone's tasks. The opportunity to view the work of colleagues and the processing sequence, as well as the technical and business status of every task. The ability to monitor the total progress of period-end closing when the user uses more than one task list.

68. What do the flow definitions provide (Note: we can have more than one correctsentence. Please select the sentences you think they are correct)?. To define dependencies via external tools. To execute it only when the system is online. To define a fixed sequence of jobs that is integrated in the R/3 system. To allow the user a way for changing period-end closing data. To send mails to colleagues at defined times.

69. What does the Work list provide (Note: we can have more than one correctsentence. Please select the sentences you think they are correct)?. Each jobs reads the relevant objects from the database, validates and process the objectsand after, posts the results to the database. This leads to an unnecessary sequential of database accesses. A chain can contain between four and ten steps. It is only after all jobs are run that the system detects any object errors that occurred. The selection report selects all objects from the database that are relevant for subsequent jobs. The system creates a special place for every object. A chain can contain any number of jobs.

70. Which program hides the old paths in the new general ledger. FANEWGL_ACTIVATION. RFAGL_SWAP_IMG_OLD. FANEWGL_SWAP_IMG_OLD. RFIGL_SWAP_IMG_OLD.

71. What are the building blocks for the SAP Solution Management strategy (Please choose the correct option)?. Safeguarding Management, Empowering Management, Solution ManagementOptimization, Support Programs Management and Testing Management. Global Strategy and Service Level Management, Business Process Management,Management of mySAP technology, Software Change Management and Support Desk Management. Project Management, Blueprint Definition Management, Configuration Management, Customizing Synchronization Management and Testing Management. Integrated Product Management, Project Monitoring and Control, Configuration Management, Supplier Agreement Management and Organizational Effort Management. Supply Chain Management, Customer Relationship Management, Strategic Enterprise Management, Business Warehouse Management and Advanced Planner Optimizing.

72. SAP Solution Manager is (Note: we can have more than one correct sentence. Please select the sentences you think they are correct): a customer platform that enables representation and documentation of the entire SAP documentation. a platform that provides a single point of access into component systems for design ,configuration and testing activities. a platform that provides with the Business Process Repository central access to the list of predefined business scenarios, which serve as a starting point for identifying the project scope to be implemented. a platform that only enables component-oriented configuration and testing. e) a platform that helps reducing the total costs of ownership (TCO).

73. What are the five phases of the Implementation Roadmap (Please choose the correct option)?. Global Strategy, Business Process Management of my SAP technology, Development Management, Software Change Management and Support Desk Management. Project Preparation, Business Blueprint, Realization, Final Preparation and Go Live &Support. Integrated Product Management, Project Monitoring and Control, Configuration Management, Supplier Agreement Management and Organizational Effort Management. Supply Chain Management, Customer Relationship Management, Strategic Enterprise Management, Business Warehouse Management and Advanced Planner Optimizing. e) Transactions, Logical Component, Documentation, IMG Assignments and Test Cases.

74. The SAP Solution Manager as the technical and operations infrastructure has somecomponents. What are they (Please choose the correct option)?. Operations, Solution Monitoring and Support. Schedule Manager, Solution Manager and Solution Monitor. Transactions, Logical Component, Documentation, IMG Assignments and Test Cases. Project Preparation, Business Blueprint, Realization, Final Preparation and Go Live &Support. Workflow, SAP Notes search, SAP Notes assistant and interface to SAP ServiceMarketplace to send Support Notifications.

75. Which of the following are types of selection variables for report variants?. Table variables from TVARV. Dynamic date calculation. Posting period. Fiscal year.

76. Which of the following statement is correct?. A company code is not an organizational unit. A company code must use business areas. A company code can only be linked to one controlling area. A company code can have more than one operating Chart of Account.

77. In SAP what is the document principle?. It determines the data flow between Financial Accounting and othercomponents of the SAP system. It is the set of documents FI is based on. It provides an unbroken audit trial from the financial statements to the individual documents. It is used to count the number of documents used to during a posting in FI.

78. In SAP FI which statements are correct for the chart of accounts?. It is possible to assign only two chart of accounts to a company code. This is a list of all G/L accounts used by one or several company codes. For each G/L account, the chart of accounts contain the account number,account name and the information that control how an account functions andhow a G/L account is created in a company code. It is possible to assign more than one chart of accounts to a company code.

79. A company in the SAP structure is: Used the same as a company code. A consolidation master record. Used to report structures in SAP. Used to accumulate company code data for more than one company code.

80. Which of the following are structures of Chart of Accounts?. Operating chart of accounts. Standard chart of accounts. Optional chart of accounts. Country specific chart of accounts. Group chart of accounts.