General Questions
1.Where does the chart of accounts fall in the FI organizational structure? Under Client and above company code. Under company code and above business area.
General questions
How many chart of accounts can be assigned to one company code? 1 2 N.
General questions
How many company codes can be assigned to one chart of accounts? Many Any 1 2.
General questions
When setting up company code global parameters, what are the general data the configurer will need to define? Company Code
Company Name
City
Currency
Country Key
Language Chart of Accounts
Credit Control Area
Fiscal Year Variant
Field Status Variant
Posting Period Variant.
General questions
What are the global data the configurer will need to define? Chart of Accounts
Credit Control Area
Fiscal Year Variant
Field Status Variant
Posting Period Variant Company Code
Company Name
City
Currency
Country Key
Language.
General questions
During an interview, you learn that your client uses 12 normal posting periods during the year, and 4 special periods for year-end adjustments. Where is this configured in SAP? Fiscal Year Variant Fiscal Year.
General questions
In a follow up meeting, your client decides they would like to use 12 normal periods and 5 special periods instead. What would you (as a consultant) recommend? You tell the client: SAP does not allow the sum of the normal posting periods and the special periods to exceed 16. You tell the client: When there are more than 16 periods required, the Special Purpose Ledger with up to 366 posting periods may be used.
General questions
A collection of field status groups makes up a field status variant. True False.
General questions
The field status variant is tied to a company code in the “company code global parameters” in the IMG. True False.
Genreal questions
Suppressing a field will not cause it to be invisible in an Enjoy posting. True False.
General questions
After month-end close, your client would like the ability to close (restrict document entry) the prior period and open the next period for postings. Where is this done in the SAP? The Posting Period Variant is assigned to a company code in the “Company Code Global Parameters” in the IMG. The Posting Period Variant is assigned to a company code in the “Enterprise Structure” in the IMG.
General questions
What is an account type?
An account type specifies the accounting area to which an account belongs An account type specifies the financial area to which an account belongs.
General questions
What are the account types used in the FI module?
General Ledger Customer Vendors Assets.
General questions
How would you specify a posting period to be valid for all account types? Account type “+” is used to specify for all account types. Account type “*” is used to specify for all account types. Account type “?” is used to specify for all account types.
General questions
Identify each of the following as Master Data or transaction data: Invoice
Vendor Goods Receipt Material GL Account GL Account Posting.
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