14. SAP FI PRACTICE Q AND A

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QUESTION 351
The SAP System posts the depreciation and interest based on the chart of depreciation defined in the asset class

A. true
B. false

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QUESTION 352
[Organizational Structures] A business Area is:

A. The legal unit of consolidation to which company codes is assigned.
B. Identifies an independent organizational structure within a company, which includes all functions, required for internal cost and revenue accounting.
C. The organization entity for which balance sheets as well as profit & loss statements can be executed across company codes covering a companys main areas of operation.
D. The smallest organization unit for which a complete self-contained set of books can be executed

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QUESTION 353
Only balances in local currency indicator is usually set in balance sheet accounts that are not managed in foreign currencies and not managed on open item basis

A. false
B. true

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QUESTION 354
[FI-GL-POSTINGS] Choose the correct statements regarding the document, posting, and entry dates of accounting documents. Note: More than one answer is correct.

A. The document date must be the same as the invoice date.
B. The posting period is determined by the posting date.
C. The posting period is determined by the document date.
D. The entry date is the same as the operating systems date.
E. The posting date must be the same as the entry date.
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QUESTION 355
[Fl-Master Data] Vendor specific information such as reconciliation acct. and item sorting is stored at what level?

A. Account group.
B. Client.
C. Customer master record.
D. Company code.

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QUESTION 356
One number range can only be assigned to one account group

A. false
B. true

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QUESTION 357
Which of the following are controlled by the posting period variant? One or more is correct.

A. The ranges of periods that is currently open for processing.
B. Only one period range can be open at the same time.
C. The specific user authorization necessary to book entries within a specific period.
D. The ranges of accounts within a specific account type that is currently open for processing

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QUESTION 358
The user can clear open items of AJR, AJP 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.

A. Special G/L indicator.
B. Reconciliation account number.
C. Document number.
D. Currency
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QUESTION 359
[Fl-Master Data] Field Status group control:

A. The GL account group.
B. The fields for data entry screens
C. The number ranger.
D. The account type.
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QUESTION 360
[FI-GL-MASTER DATA] Field Status group control

A. The number range.
B. The fields for data entry screens.
C. The GL account group.
D. The account type.
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QUESTION 361
The tax code is used for what? One or more is correct

A. Verify the account type.
B. Verify the amount of tax.
C. Determine the G/L account.
D. Calculate the amount of tax.

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QUESTION 362
If no grace period is defined system starts dunning procedure as soon as net due date is reached

A. false
B. true

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QUESTION 363
[Fl-Master Data] What determines whether the vendor account is one-time?

A. Field Status.
B. Account group.
C. Document type.
D. The posting keys.

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QUESTION 364
[Fl-Bank] The house banks are identified by

A. Address.
B. Bank-ID.
C. Bank name.
D. Account number.

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QUESTION 365
Select the correct answers: One or more is correct

A. The numeric keys represent depreciation terms that cannot be entered in the asset master record or in the asset classes.
B. You have to assign each company code, in which assets are managed, to exactly one chart of depreciation.
C. The system uses depreciation area 01 to calculate ordinary depreciation. The depreciation is then posted to G/L accounts

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QUESTION 366
Fiscal year change program

A. You can only process a fiscal year change in a subsequent year if the previous year has already been closed for business
B. The earliest you can start this program is in the last posting period of the current year
C. opens new annual value fields for each asset.
D. You have to run the fiscal year change program for your whole company code

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QUESTION 367
[Fl-Bank] Bank statements you enter can be displayed, changed, or deleted before posting

A. true
B. false

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QUESTION 368
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.

A. Special G/L transactions.
B. Additional assignments
C. G/L fast entry.
D. Financial reporting.

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QUESTION 369
[FI-GL] What are the ways to clear open items within an account in R/3 ? One or more is correct

A. Down payment transaction.
B. Account clearing.
C. Posting with clearing.
D. Reversing documents.

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QUESTION 370
You tell the payment program which accounts and items to consider in the automatic payment run. What is it?

A. Parameters
B. Proposal run
C. Schedule payments
D. Edit proposal
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QUESTION 371
Each house bank is reflected by a combination of house bank id and account id

A. true
B. false

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QUESTION 372
[Fl – General] Which statements are true? A chart of accounts: One or more is correct

A. Can be allocated to multiple company codes.
B. Only contains definitions for G/L accounts.
C. Can only be allocated to one company code
D. Can be defined as the group chart of accounts.

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QUESTION 373
[FI-GL] In accounting data which are the records that remains in the system for an extended period of time?

A. Document number.
B. Invoices data
C. Transaction data.
D. Master data.

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QUESTION 374
The year end closing program checks whether:

A. Depreciation and asset values are posted in full
B. Assets contains errors or are incomplete

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QUESTION 375
Payment program – where bank charges are defined system automatically subtracts bank charges from incoming payments and adds them to outgoing payments

A. false
B. true

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QUESTION 376
[FI-GL-MASTER DATA] Define GL Account Group. Note! More than one answer is correct.

A. The account group determines the fields for data entry screens if you create or change a master record in a company code
B. The account group only determines in which number interval the GL account number must reside.
C. The GL accounts group is a classifying for general ledger master records.
D. The account group also determines in which number interval the GL account number must reside.

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QUESTION 377
Bank subaccounts are generally managed on open item basis with line item management

A. true
B. false

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QUESTION 378
[FI-AM] The status of each field in asset master record can be maintained at what levels ? One or more is correct

A. Asset sub-number
B. Asset class.
C. Asset main number.
D. Asset under construction.
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QUESTION 379
[Fl-Master Data] Define GL Account Group. One or more is correct.

A. The account group only determines in which number interval the GL account number must reside.
B. The account group also determines in which number interval the GL account number must reside.
C. The GL account group is a classifying feature for general ledger master records.
D. The account group determines the fields for data entry screens if you create or change a master record in a company code

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QUESTION 380
[Fl-Postings] What are examples of currency types? One or more is correct

A. User currency.
B. Hard currency
C. Index currency.
D. Global currency.

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QUESTION 381
[ FI-GL-Organizational Structure] Which structure provides an environment for analyzing market profitability, even allowed for customer defined segments?

A. Operating concern.
B. Controlling area.
C. Company code
D. Business area.

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QUESTION 382
A document is identified by the combination of: One or more is correct

A. Fiscal year
B. Document number.
C. Company code.

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QUESTION 383
How variants that are required in each company code? One or more is correct.

A. Posting period variant.
B. Depreciation variant.
C. Fiscal year variant.
D. Field status variant.

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QUESTION 384
The payment method can be entered directly into an item. If this is the case, the system checks if One or more is correct.

A. A bank account for the payment can be found.
B. This payment method is permitted by the parameters entered
C. This payment method can be used (payment method check).
D. The payment method can be entered in the company code area

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QUESTION 385
Line item display should not b active for following accounts

A. revenue
B. material stock
C. P+L statement
D. reconciliation Ate
E. tax

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QUESTION 386
Company codes from different countries cannot tie processed in same payment run

A. false
B. true

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QUESTION 387
[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.

A. The field status definition.
B. The account group.
C. A reference vendor.
D. The number range interval of the document type
E. The document type.

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QUESTION 388
What identifies which of the account types will be permitted on particular document?

A. The audit trail,
B. Document type,
C. Posting key.
D. Document number ranger.

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QUESTION 389
The currency that was input on the header of document

A. Company code currency.
B. Transaction currency
C. Additional currency.
D. Local currency.

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QUESTION 390
(Bank-Master Data) Sank accounts that contain a companys own funds:

A. Customer bank account.
B. House Dank.
C. Vendor bank account.
D. Bank key.

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QUESTION 391
(FI-AM] Several asset class can use the same account determination if: One or more is correct.

A. Post to same G/L accounts.
B. Post to different G/L accounts.
C. They use the same chart of account.
D. The different company code.

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QUESTION 392
What can we define into chart of accounts customizing transaction OBI 3

A. length of company code
B. maintenance language
C. length of G/L account number
D. blocking/unblocking chart of account
E. description

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QUESTION 393
(Organizational Structures] Which chart of accounts is always required?

A. Group chart of accounts.
B. Country chart of accounts.
C. Operating chart of accounts.
D. Alternate chart of accounts.

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QUESTION 394
Which accounts shall be considered in the dunning run?

A. Account Selection
B. Dunning line items.
C. Dunning Accounts
D. Reconciliation Accounts
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QUESTION 395
(FI-SLJ Report Painter allows you to use characteristics in the: One or more is correct

A. Base line date
B. columns
C. Line items
D. Rows

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QUESTION 396
If the system detects a deviation between tax calculated and tax amount entered

A. it issues a warning message (indicator not set)
B. it issues an error message (indicator set)
C. check indicator must not be set for input tax codes because the user must post tax amount from Invoice whether its correct or not

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QUESTION 397
(FI-AM] Where do you define the reconciliation account that will be used by an asset?

A. Account determination in depreciation area.
B. Account number in depreciation area.
C. Account determination in asset class.
D. Account number in fixed asset.

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QUESTION 398
Choice the correct.

A. The dunning run update dunning data in dunned items and accounts.
B. One dunning form can be use for all dunning levels and dunning area.
C. It is possible to dun vendors as well as customers.
D. 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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QUESTION 399
(FI-SLJ Transferring Data to Special Purpose Ledger is : On or more is correct.

A. 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.
B. A business transaction can enter me Fi-SL System via another SAP application.
C. All data that enters the FI-SL System is processed by the integration manager.
D. Most data that enters the FI-SL System come from transactions occurring in many different places.

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QUESTION 400
Preparation for year-end closing:

A. If the final result is not satisfactory, you can carry out depreciation simulation changes. or make adjustment postings
B. Once depreciation has been posted in FI-AA and FI, a balance sheet and P&L statement can be created.
C. If you change any depreciation values, you must run depreciation posting again.
D. If an area posts APC values to the general ledger periodically you will need to run report for periodic posting
E. EH After the depreciation lists and asset history sheet have been checked, depreciation is posted

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