[Organizational Structures] – Which structure provides an environment for analyzing market profitability, even allowing for customer defined segments? Controlling Area Business Area Operating Concern Company Code.
[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 company’s main areas of operation. The smallest organization unit for which a complete self-contained set of books can be executed. 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 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 accounts 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.
[TR-Master Data] – Bank accounts that contain a company’s own funds:
Customer bank account.
Vendor bank account.
House bank.
Bank key.
[TR-Master Data] – Bank master data records can also be defined 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] – In 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. The document must contain at least 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 range. The audit trail. Document type.
[FI-Postings] – Posting keys: One or more is correct. 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
Allows line items to be sorted in the account group directory by the content of the Allocation field.
Enables users to 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 máster 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 range of periods that is currently open for processing.
Only one period range that is currently open for processing.
The range 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.
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A document is identified by the combination of : One or more is correct. Document number Company code Fiscal year Document type
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Which variants 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.
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The FI system assists with the management of taxes calculated by: One or more is correct.
Checking the tax amount entered or automatically calculating the tax.
Posting the tax amount to G/L accounts.
Performing tax adjustments for cash discounts or other forms of deductions. Clearing the document with a tax amount.
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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
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Which statement(s) is (are) correct in respect of Cross-Company code transaction? One or more is correct.
If the cross-company code transaction number is not entered manually the system generates the number. The documents of a cross-company code transaction are not linked by a common cross-company code transaction number. Cross-company code transaction may be reversed.
The cross-company code transaction number is stored in the document header of all documents created by the system.
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.
Different payee/payer.
Same currency.
Same paying and sending company code.
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. The payment method can be entered in the company code area
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Mark the true alternative(s):
- 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.
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.
The partial payment leaves the invoice as an open line item and does not 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.
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Identify the correct statement(s) regarding 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.
Block any relevant payment program.
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Mark the False alternative:
- 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.
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.
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Which accounts shall be considered in the dunning run? Dunning Accounts Dunning line items.
Account Selection.
Reconciliation account.
What is the highest organizational unit which usually perform dunning?
Client Business Area
Company Code Chart of account.
Define the concept “account assignment variant” in check deposit? One or more is correct.
The account assignment variants determines which fields are displayed during entry.
You can define the variants as you want in customizing.
You can not change variants during entry.
For some fields(document number, invoice amount), you can enter as many values as required.
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The local currency is defined at the time the: One or more is correct.
Company code is created.
Document is posted.
Document header is activated.
Chart of account is created.
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[Logistics integration] In procurement process: One or more is correct.
A plant must be assigned to exactly one company code.
Material valuation always takes place on the level of the plant.
Material master records consist of a lot of views on different organizational structures. A material can be assigned to several divisions.
.
[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.
They post to different G/L accounts.
They post to same G/L accounts.
They use 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 account 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 that 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 expenses 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 the purpose of 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.
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[FI-SL] While transferring Data to Special Purpose Ledger : One 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 remain in the system for an extended period of time?
Transaction data
Master data
Document number
Invoices data
.
[FI-GL] Data relevant to material management functionality is stored in which segment of the vendor master record?
Client
Company code
Purchasing
Account group.
[FI-TR] 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-TR] Bank statements you enter can be displayed, changed, or deleted before posting.
True False.
[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.
[General Knowledge] 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-MASTER DATA] 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 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.
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