SAP FI Certification Model Test

Where do you define the length of general ledger (G/L) account numbers?. Transaction code OBC4. Transaction code OB13.

When is a G/L master complete?. After the chart of account (COA) segment data is created. After the company code segment data is added to the COA segment data.

State True or False for the following statements, with respect to whether the same chart of account is being used by multiple company codes. All company codes will use the same COA data and company code segment data. All company codes will use the same COA segment data and different company code segment data.

State True or False for the following statements, with respect to the appearance of the G/L account master. The appearance of the company code segment of a G/L account is based on : The account group under which G/L masters are created. Group account number/alternative account number that are assigned to G/L accounts.

Account numbers control the appearance of the G/L master. (True/ False). True. False.

Define Terms of Payment for Installment Payments: IMG ? Financial Accounting ? Accounts Receivable and Accounts Payable ? Business Transactions ? Define Terms of Payment for Installment Payments which is the right Transaction code?. OBB9. OBB8.

How can you prevent duplicate vendors from being created?. Checking the match code before creating a new vendor. Switching on automatic duplication check in the vendor master.

State True for the following statements, with respect to document type. The document type controls what account types are allowed for posting. Field status of document header text and reference fi eld. The document type indicates whether or not batch processing is allowed. None of the above.

Posting keys are defi ned at: Client level. Company code level. Controlling area level.

What would be the effect if multiple company codes used the same posting period variant?. Individual company codes can close or open posting periods for their respective company code. Opening and closing can be done centrally and will apply to all company codes.

Generally, under what circumstances are two period ranges open for posting?. During month end. During year end. For daily transactions.

What determines the posting period and fi scal year?. Document entry date. Document posting date.

Which of the following would be the baseline date?. Document date. Posting date. Entry date. None of the above.

The clearing document updates the clearing document number and the clearing document date fi elds of the open items that it clears. (True/ False). True. False.

You should have a separate cash journal for each currency. (True/false). True. False.

A down payment request updates and changes the G/L balance of the vendor/customer. (True/False). False. True.

Employee tolerance and G/L tolerance limits work together. (True/ False). True. False.

You can post to a reconciliation ledger directly. true. false.

An SAP R/3 system only contains a database server. (True/False). True. False.

A database server contains all data and programs. (True/False). True. False.

You can open more than seven sessions of a particular system at a time. (True/False). True. False.

You can only have a year-dependent fi scal year. True. F alse.

A fi scal year normally has 12 normal periods and one or more special posting periods. True. false.

A shortened fi scal year will have exactly 12 posting periods. (True/false). True. False.

State True for each of the following statements. A company code can have more than one currency as a local currency. A company code can only have one local currency.

A retained earnings account is a company code–specific G/L account. True. False.

State True for each of the following statements. The business area is: Company code specific. Client specific.

Posting into a G/L account is controlled by the fi eld status group (FSG) assigned to the G/L master. (True/False). True. False.

State True for each of the following statements. You can have at least one retained earning account. The confi guration of a retained earning account is optional.

State True for each of the following statements. The G/L account group controls the document fi eld status. The G/L account group controls the G/L account number ranges. All of the above.

State True for each of the following statement. A house bank is created under chart of account. A G/L account can be assigned to more the one bank key.

State False for each of the following statements. A company code may have an operating COA and n number of group COAs. A company code should have only one operating COA.

State True for each of the following statements. The relation between the operating COA G/L and the group COA G/L is 1: n . The relation between the operating COA G/L and the group COA G/L is n :1. The relation between the operating COA G/L and the country COA G/L is 1:1.

The G/L master consists of which of the following segments?. Sales area data. Purchase area data. COA data. Company code data.

State False for each of the following statements. You can assign two number ranges to a document type. Document number ranges are defined at the client level. Different company codes can have the same number of range intervals with respect to documents. You can use alphanumeric document number ranges for internal number ranges.

State True for each of the following statements. You can defi ne account groups at the client level. You can defi ne account groups at the COA level.

State True for each of the following statements. One or more reconciliation accounts can be assigned to a vendor or customer master record. The number range and account groups always have a 1:1 relation.

State True for each of the following statements. Customer or vendor masters are company code–dependent masters. Customer or vendor masters are client-dependent masters.

The customer master has which of the following segments: COA segment and company code segment. General data segment, company code segment, and sales area segment. General data segment, company code segment, and purchase organization segment.

A document is uniquely identifi ed by: Document number, company code, and fiscal year. Company code, fi scal year, and document types. Company code, fi scal year, and posting periods. None.

State true for each of the following statements. Document numbers can be alphanumeric and year specifi c. The document type controls account types to be posted and number ranges to be used. All are false.

State True for each of the following statements. The relationship between the house bank and account ID is 1:1. The relationship between the house bank and account ID is 1: n . The relationship between the house bank and account ID is n :1.

State false for each of the following statements. You can use sample accounts as reference documents. Sample accounts are created at the client level. Both true.

State True for each of the following statements. A G/L account can be blocked for posting at company code level or at the COA level. A G/L account is always blocked at the COA level. A G/L account that has been blocked can’t be opened for posting.

State True for each of the following statements. You create all relevant information while posting for a one-time vendor. You maintain one-time vendor master records in SAP solutions. A one-time vendor master always has an external number range.

State False for each of the following statements. A customer can be blocked from creating company codes. A customer can be blocked from posting in all company codes. A customer can be blocked from posting in selected company codes.

One G/L account may appear in multiple groups in the same COA. true. fasle.

If multiple company codes use the same COA, G/L accounts are not available for all company codes. (True/False). true. false.

Do you need an account group for the creation of a vendor/customer master? (Yes/No). Yes. No.

Is a company code mandatory for the creation of a customer/vendor master? (Yes/No). Yes. No.

State True or False for each of the following statements. You create all relevant information while posting for a one-time vendor. You maintain one-time vendor master records in SAP solutions. A one-time vendor master always has an external number range.