SAP FI T\F

You can assign a business area to a company code directly. True. False.

Reconciliation accounts are updated on a daily basis. True. False.

G/L accounts with open item management must have line item display. True. False.

G/L accounts that are managed in local currency can only be posted to in this currency. True. False.

G/L accounts that are managed in a foreign currency can only be posted to in this foreign curren cy. True. False.

Because the company codes use different operational charts of accounts, you cannot carry out cross-company code controlling. True. False.

The customer/vendor accounts must always be maintained centrally. True. False.

One number range can only be assigned to one account group. True. False.

You can always display the line items of a G/L account. True. False.

Every company code may define its own document types. True. False.

Every company code may define its own document number ranges. True. False.

At the beginning of a new fiscal year, the system always starts the document number assignment again at the start of the number range. True. False.

Document number ranges must not overlap. True. False.

Posting keys are defined at client level. True. False.

Customers without a dunning procedure in the master record are dunned with a default dunning procedure. True. False.

Dunning notices can be sent to both customers and vendors. True. False.

Select the steps that have to be taken by the dunning program to perform the automatic dunning procedure. Maintain parameters. Proposal run. Edit dunning proposal. Print dunning notices. Terminate dunning program.

The run date is always the date when a certain dunning run is supposed to be started. True. False.

The parameters specify the accounts and documents that are to be included in the dunning run. True. False.

What are the main steps involved in creating the dunning proposal?. Account Selection. Line item dunning. Account dunning. None of the above.

Every dunning procedure must have at least four dunning levels. True. False.

An account is dunned only if all the overdue items have exceeded the minimum days in arrears. True. False.

The dunning run updates the dunning data in the dunned items and accounts. True. False.

A dunning notice is sent only if the dunning data has changed since the last dunning run or if Always dun? is selected. True. False.

Posting periods are opened and closed automatically. True. False.

No more than two periods can be open at the same time. True. False.

The authorization group in the posting period variant applies only to authorization for posting in special periods. True. False.

Select tools for maintaining the exchange rates: Inversion. Exchange rate calculation. Exchange rate spreads. Currency keys. Base currency.

In mySAP ERP currencies are defined using. Account type. Currency keys. Currency name. Account ID.

Select three commonly used exchange rate types and what they are used for: G:Buying rate. M: Exchange rate. B: Bank selling rate. D: Bank selling rate. M: Average rate for posting and clearing.

A G/L account consist of which segments?. Company code segment. Vendor Account Segment. Chart of accounts segment. General Data segment. Customer account segment.

Name the possible field status definitions in the order of their priority: Hide, Display, Required entry, Optional entry. Required entry, Hide, Display, Optional entry. Required entry, Hide, Optional entry, Display. Hide, Optional entry, Display,Required entry.

The -------------------------controls the field display for the company code data in the G/L account master record. Header. Account group. Account status. Number range.

----------------------------contain the total of the transaction figures for the corresponding subledger accounts. Bank Account. Reconciliation accounts. G/L Accounts. Vendor Accounts.

A complete customer account consists of the following parts: General data. Company code segment. Sales area segment. Bussiness Area segment. G/L Segment.

A complete vendor account consists of the following parts: Bussiness area segment. Purchasing organization segment. General data Segmant. G/L Segment. Company code segment.

-------------------assignment means that the mySAP ERP system assigns the number automatically. Internal. External. Automatic. Random.

You maintain a customer/vendor master record ------------- if you create the Financial segments at the same time as the Sales order Management/Purchasing Management segments. Neutraly. Centrally. Automatically.

General ledger accounts have ................ number assignment; customer and vendor master records can have ........... or ........... number assignment. Please select the correct option/s . external, internal, external. external, external, random. external, random, internal. Internal, random, external. Internal, Internal, random.

What are the most important control functions of the document type?. Number ranges for document numbers. Account types permitted for postings. Document Type Headers. Document type line Items.

Each Document is Uniquely Identified by the following fileds : Document Number. Company Code. Line Items. Fiscal Year. Header Information.

How many number ranges can be assigned to a document type simultaneously?. One number range for several document types. Multiple number ranges for one document type. One number range for one document type. None of the above.

What of these alternatives are considered master data (Note: we can have more than one correct sentence. Please select the sentences you think are correct)?. Chart of Accounts. G/L Accounts. Vendor. Customer. Asset.

What can we define into the chart of accounts customizing transaction (OB13 transaction, Note: we can have more than one correct sentence. Please select the sentences you think they are correct)?. Description. Maintenance language. Length of the company code. Length of the G/L account number. Blocking / unblocking chart of accounts.

Name the two possible ways to reverse a document in mySAP ERP Financials. Normal reversal posting. Reversal by positive posting. You cannot reverse a document. Reversal by negative posting.

What are the two prerequisites that must be fulfilled in order to process negative postings. The company code must allow negative postings. The Bussiness area must have been define. The reversal reason must be defined for negative reversal. The document must not have been posted.

Credit memos can be linked to invoices to ensure that invoice and credit memos are due on the same date. True. False.

The day limits define the dates of the cash discount periods. True. False.

Every installment of an installment plan must have its own terms of payment. True. False.

Terms of Payment. is a field in the ----------- and ----------segment of the customer master record. Company code, Sales area. Business area, Sales area. Company code, Bussiness Area.

The ................... is the date that the system uses to determine the due date of the invoice. Baseline date. Posting date. Invoice date. Run date.

Which cash discount accounts are used in the net procedure. Cash discount clearing account. Cash discount loss account. Cash Revenue account. Cash profit and loss account.

Which cash discount accounts are used in the gross procedure. Cash discount revenue account. Cash discount expense account. Cash discount loss account. Cash discount clearing account.

Name the two types of taxation that can be represented in the mySAP ERP system. Taxation at national level. Taxation at regional/jurisdictional level. Taxation at world level. Taxation US bound.

What data is required for the automatic account determination for tax amounts. Rules. Posting key. Tax accounts. None of the above.

List two examples for cross-company code transactions. Central purchasing. Central payment. None of the above. Automatic payement transfer.

A cross-company code transaction consists of at least two documents. True. False.

Tax amounts of a cross-company code transaction are automatically distributed to the company codes in which the expenses/revenues occurred. True. False.

Cross-company code clearing accounts must be G/L accounts. True. False.

The company codes of a cross-company code transaction may have different local currencies. True. False.

The cross-company code transaction number is a combination of the document number in the first company code, the first company code number, and the fiscal year. True. False.

Name the two basic transactions that you can use to clear open items. Account clearing. Post with clearing. Open item management. Line item display.

Documents with open items cannot be archived because open items represent incomplete transactions. True. False.

A clearing document must have at least two line items. True. False.

The automatic clearing program (SAPF124) cannot carry out automatic postings. True. False.

Clearing a credit memo with an open invoice is an example of ........................ Account clearing. Posting with clearing. Transaction clearing. Credit memo clearing.

Posting a payment for an open invoice with a resulting zero balance is an example of. Posting with clearing. Account Clearing. Invoice clearing. Payment clearing.

A residual item clears the invoice and the payment to create a new open item. True. False.

A partial payment results in the open invoice and the incoming payment remaining in the customer account as open items. True. False.

The mySAP ERP system generates the exchange rate differences automatically. True. False.

G/L accounts must be defined for exchange rate losses or gains. True. False.

A document number is assigned by means of the document type with the Hold Document. function. True. False.

Which statements are right ?. A company code can be assigned several wokflow variants. It is possible to design multilevel workflow sequence. A task can be assigned one possible processor onl. The same workflow variant can be assigned to several company codes.

Special GL Transactions have different classes and types, can you please match the types and the classe. Free Offsetting Entry. Down Payments. Bills Of Exchange. Automatic Offsetting Entry. Noted Item. Other Transactions.

The special G/L transactions of the standard system are assigned to the posting keys 09, 19, 29 and 39. Can you map the posting keys for Special GL Transactions. 09. 19. 29. 39.

With a Parked Document you can change the currency and document type ?. True. False.