6 SAP FI CERTIFICATION PRACTCE Q AND A

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SAP Finance Certificate Q and A

6 SAP FI CERTIFICATION PRACTCE Q AND A

QUESTION 1
Identify the steps in the ASAP (Accelerated SAP) Methodology.

A. Roll out
B. Go Live & Support
C. Final Preparation
D. Realization
E. Project Preparation
F. Business Blueprint
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QUESTION 2
Which are the necessary steps to create a validation?

A. Check, control, message
B. Prerequisite, check, update, control
C. Check, update, message
D. Prerequisite, check, message
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QUESTION 3
What is the purpose of account determination in the accrual engine? (There are 2 correct answers to this question.)

A. To determine the CO object
B. To determine the correct posting period.
C. To determine the document type
D. To determine debit and credit accounts.
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QUESTION 4
Which are the correct series of steps in the payment program?

A. CD Maintain parameters, Proposal run, Printing Payment Media, Execute a payment run CD.
B. Proposal run, Maintain parameters, Printing Payment Media, Execute a payment run CD.
C. Proposal run, Execute a payment run, Printing Payment Media, Maintain parameters CD.
D. Maintain parameters, Printing Payment Media, Proposal run, Execute a payment run CD.
E. Maintain parameters, Proposal run, Execute a payment run, Printing Payment Media.
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QUESTION 5
Every company code may define its own document number ranges

A. Fales
B. True
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QUESTION 6
What are the necessary elements required to create a customer-specific drilldown report for New General Ledger Accounting? (There are 2 correct answers to this question.)

A. Variables
B. A report header
C. Characteristics
D. A form
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QUESTION 7
Instead of the classic system monitoring of individual system components; with Solution Monitoring, entire business processes can be monitored as a whole across multiple components. Identify the three components that define the concept of Solution Monitoring:
A. User Level management
B. Business Process Monitoring
C. System Monitoring
D. Service Level Management
E. Component Solution Monitoring
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QUESTION 8
The RUN DATE is always the date when a certain dunning run is supposed to be started

A. True
B. Fales
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QUESTION 9
SAP Solution Manager provides support throughout the life cycle of solutions – which common usage scenario is missing from the list of usage scenarios below? (Implement SAP Solutions), (Monitor SAP Solutions), (Manage Service Desk), (Link to SAP Services), (Upgrade SAP Solutions)

A. Monitor Service Desk
B. Manage Change Requests
C. Link to Change Requests
D. Implement SAP Services
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QUESTION 10
Every company code may define its own document types

A. Fales
B. True
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QUESTION 11
Identify the three main areas of the Implementation Roadmap from the items listed below:

A. Accelerator area
B. Viewing / Text area
C. Roadmap structure Attachments area
D. IMG area
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QUESTION 12
You can configure different types of Chart of Accounts in the ERP system. Which one of the following are TRUE Chart of Accounts? (There are 3 correct answers to this question.)

A. Group chart of accounts
B. Country-specific chart of accounts
C. Operating chart of accounts
D. Plant-specific chart of accounts
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QUESTION 13
The organizational units of Financial Accounting are used for external reporting purposes; that is, they fulfill requirements that your business is subject to from external parties (e.g. legal regulations)
Which of the following Organizational units are Mandatory in an ERP system with Fl? (There are 3 correct answers to this question.)

A. Client
B. Fiscal Year
C. Business Area
D. Company Code
Show Answer

QUESTION 14
In New GL, how would you incorporate companies with different fiscal years if you wanted to assign them to the same controlling area?

A. Create company codes with the same fiscal year variant and assign the company codes that have a different fiscal year to non-leading ledgers with the appropriate fiscal year variant.
B. Create company codes with different fiscal year variants and assign them to the same group company for reporting purposes.
C. Use the same fiscal year variant for all company codes and set up parallel accounting for company codes that have different fiscal years
D. Use the same fiscal year variant for all company codes and do a reversible close for the company codes that have different fiscal years.
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QUESTION 15
Which object has to be used to avoid a change of the reconciliation account in the customer’s master data?

A. The field status of the posting key.
B. The field status of the customer account group.
C. The field status of the activity
D. The field status group of the reconciliation account.
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QUESTION 16
Your customer wants to add a new company code and asks you to make the configuration settings for document types and number ranges. What do you have to do?

A. No additional settings are necessary
B. Define number ranges for the new company code
C. Allow all document types for the new company code.
D. Set a second number range for all document types.
Show Answer

QUESTION 17
Standard ASAP (Accelerated SAP) roadmaps outline the activities involved in SAP solutions Identity the four main types of roadmaps:
A. Global Template Roadmap
B. Implementation Roadmap
C. Solution Roadmap
D. Download Roadmap
E. Solution Management Roadmap
F. Upgrade Roadmap
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QUESTION 18
SAP Solution Manager is a stand-alone system that communicates with the systems in various landscapes.

A. False
B. True
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QUESTION 19
It is not possible to use third-party software in your solution monitoring strategy when using Solution Manager.

A. True
B. False
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QUESTION 20
Identify the benefits of SAP Solution Manager. (There are 5 correct answers to this question)

A. More leverage from IT investments
B. Reduced cost of implementation
C. Reduced ROI
D. More reliable IT solutions
E. Faster ROI
F. Reduced cost of operation
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QUESTION 21
For which scenario can you use the cash journal?

A. To post incoming and outgoing payments in any transaction currency
B. To make remittances to vendors.
C. To record documents that will not be included in the general ledger.
D. To manage cash in local branches and offices.
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QUESTION 22
Of the items listed below, which are NOT features of Configuration? (There are more than one correct answer to this question)

A. Generate Blueprint
B. Test Case Assignment
C. Transport Change Requests
D. Configure IMG Objects
E. Project Documentation
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QUESTION 23
Identify the features of a Business Blueprint from the following list: (There are more than one correct answer for this question)

A. Business process groups
B. Blueprint document
C. Associated items
D. Business groups
E. Business scenarios
F. Blueprint structure
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QUESTION 24
You need to assign more than one company code to one controlling area. Under what kind of a business scenario would you need to consider such a decision? (There are 2 correct answers to this question.)

A. Multilevel Product Cost Management across company codes.
B. Representation of intercompany processes, whereby producing and delivering plant are the same
C. Cross-company code transactions that MUST be processed in a controlling area
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QUESTION 25
Which of the following are interactive functions available in the SAP List Viewer? (There are 3 correct answers to this question.)

A. Master data modification
B. Dual control
C. Summation
D. Sorting
E. Filters
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QUESTION 26
When parking a document, which of the following occurs in the system?

A. The document number is not assigned but transaction figures are updated.
B. The document number is not assigned and transaction figures are not updated
C. The document number is assigned but transaction figures are not updated.
D. The document number is assigned and transaction figures are updated.
Show Answer

QUESTION 27
The following activities are NOT part of the project management features of the SAP Solution Manager:

-Issues Management Plan
-Scope Management Plan -Organization Change Management Plan

A. True
B. False
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QUESTION 28
Tax amounts of a Cross-Company code transaction are automatically distributed to the company codes in which the expenses/revenues occurred

A. False
B. True
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QUESTION 29
Change Request Management provides a central, streamlined approach to managing changes in the system landscapes:

A. True
B. False
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QUESTION 30
You can configure the SAP system to calculate interest for customers or vendors that owe you money. You cannot calculate interest; however, if you owe your business partner money.

A. True
B. False
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QUESTION 31
Identify the features of the service desk from the items listed below. (There are more than one correct answer to this question)

A. SAP Help
B. Customer solution database
C. Error handling
D. Solution Manager diagnostics
E. Managing SAP Notes
F. Message handling process
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QUESTION 32
Which objects can be assigned to an asset master record? (There are 3 correct answers to this question.)

A. Cost center.
B. Profit center.
C. WBS element.
D. Profitability segment.
E. Internal order
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QUESTION 33
Which of the following tax types does the SAP System support for calculating, posting, and correcting tax, as well as for tax reporting? (There are 3 correct answers to this question.)

A. Top-Up Tax
B. Additional Taxes
C. Tax on sales & purchases
D. Withholding Tax
Show Answer

QUESTION 34
ASAP (Accelerated SAP) Roadmap is aimed at providing step-by-step direction and guidance throughout the project implementation
Please choose the correct order of the 5 Phases in the project implementation lifecycle:
A. Project preparation, 2) Business blueprint, 3) Realization, 4) Final preparation, 5) Go Live & Support I I
1) Project preparation, 2) Final preparation, 3) Business blueprint, 4) Realization, 5) Go Live & Support
B. Business blueprint, 2) Project preparation, 3) Final preparation, 4) Go Live & Support, 5) Realization
C. Go Live & Support, 2) Project preparation, 3) Business blueprint, 4) Final preparation, 5) Realization Z
D. Business blueprint, 2) Project preparation, 3) Final preparation, 4) Realization, 5) Go Live & Support
Show Answer

QUESTION 35
The purpose of ASAP (Accelerated SAP) is to successfully implement SAP solutions across multiple industries and customer environments.

A. False
B. True
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QUESTION 36
About evolution in the world of business, we can affirmate that (Please choose the correct sentence):

A. The internet revolution could turn available to companies the use of ERP functionality.
B. The next generation of “new dimension” products appeared taking functionality out of the company, to bring value through extending the Internet Revolution.
C. The internet has driven to a collaborative environment where value is created through collaboration within business communities.
D. In the first the companies were looking at Cost reduction and efficiency through integration of business communities.
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QUESTION 37
About the definition of ERP and e-business functionalities, we can say that (Note: we can have more than one correct sentence. Please select the sentences you think they are correct): (4) ERP offers enterprise centric functionality (general ledger, payroll, order entry) to integrate core, internal processes.

A. ERP is mySAP Financials and mySAP HR.
B. ERP is SAP R/3, while e-business is mySAP.com.
C. About Business Model, ERP can be considered as enterprise centric and e-business, as extended and collaborative.
D. About Architecture, ERP can be considered as an integrated system and e-business, as an integrated system and an open integration platform.
E. About Processes, ERP can have them integrated, core within enterprises and collaborative, beyond company boundaries.
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QUESTION 38
What is a SAP Business Object (Please choose the correct sentence)?

A. It is all the transaction data generated via transactions.
B. It is the instanced class of the Class Builder.
C. It is composed of tables that are related in a business context, including the related application programs and it is maintained in the Class Repository.
D. It is the representation of a central business object in the real world, such as an employee, sales order, purchase requisition, invoice and so on.
E. It is a sequence of dialog steps that are consistent in a business context and that belong together logically.
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QUESTION 39
About BAPI (Business Application Programming Interface), what is true (Note: we can have more than one correct sentence. Please select the sentences you think they are correct)?

A. It is a well-defined interface providing access to processes and data of business application systems.
B. BAPIs offer a stable, standardized interface for integrating third-party applications and components in the Business Framework.
C. A BAPI is assigned to one and only one business object.
D. In the R/3 Enterprise version (4)7) we can use BAPI to create an internal order inside a customized ABAP program.
E. A business object in the Business Object Repository (BOR) can have many methods from which one or several are implemented as BAPIs.
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QUESTION 40
What can we say about ALE (Application Link Enabling, Note: we can have more than one correct sentence. Please select the sentences you think they are correct)? (3)

A. Business processes cannot be distributed using ALE.
B. The ALE concept is related to an enterprise structure with areas that have central tasks and areas with tasks that are decentralized.
C. The applications are integrated via a central database.
D. The applications are integrated via the message exchange.
E. The ALE concept supports the implementation and operation of distributed SAP applications.
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QUESTION 41
A company code is:(1)

A. an independent accounting entity (the smallest organization element for which a complete self- contained set of accounts can be drawn up).
B. an organizational unit in an enterprise that represents a closed system used for cost accounting purposes.
C. an organizational unit that provides an additional evaluation level for the purpose of segment reporting, for example.
D. a dependent accounting entity, according to Fiscal Year.
E. the highest level in the R/3 system hierarchy.
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QUESTION 42
Consider the following sentences:

1) The variant principle is a three-step method used in R/3 to assign special properties to one or more R/3 objects.
2) One of the disadvantages to use variants is that it can’t deal with the maintenance of properties, which are common among several business objects
3) For using the variant principle, you must define the variant, populate it with values and assign it to the R/3 objects.
4) This principle is used for Fiscal Years, Posting Periods and so on. Which of them is false?

A. 1 and 2)
B. 1 and 3)
C. 1)
D. 2
E. 3)
Show Answer

QUESTION 43
Consider the following sentences:
1) A fiscal year has to be defined by means of separating business transactions into different periods.
2) Special periods are used for postings, which are related to the process of the year-end closing. In total, 16 special periods can be used
3) The Fiscal Year variant only defines the amount of periods and their start and finish dates.
4) The Fiscal Year is defined as a variant, which is assigned to the chart of accounts. Which of them are true?

A. 1 and 2)
B. 1 and 3)
C. 2 and 3)
D. 2 and 4)
E. 3 and 4)
Show Answer

QUESTION 44
What is an independent fiscal year variant (Please choose the correct sentence)? (1)

A. It is a variant which the postings periods are only equal to the months of the year.
B. It is a variant which you can define different number of periods, according to the year.
C. It is a variant which each own fiscal year uses the same number of periods, and the postings periods always start and end at the same day of the year.
D. It is a variant which allows the use of different number of posting periods.
E. It is a variant not normally used because of its particularity.
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QUESTION 45
Consider the following statements about currencies concepts:
1) The currency code identifies each currency that will be used into R/3 system.
2) You have to define all the world’s currency into R/3 system.
3) Exchange rate types distinguishes the exchange rates to be considered for various purposes, such as valuation, translation, conversion, planning, etc. Which of them is true (Note: we can have more than one correct sentence. Please select the sentences you think they are correct)?

A. 1
B. 2)
C. 3)
D. 1 and 2)
E. All of them.
F. 1 and 3)
Show Answer

QUESTION 46
Consider the following sentences:

1) A base currency can be assigned to an exchange rate type.
2) To deal with exchange rate spreads, two very efficient combinations of the exchange rate tools are using a base currency for the average rate (M) and using the exchange rate spreads to calculate the buying and selling rates (B and G).
3) A base currency can be used for an average, a buying or a selling rate.
4) The relations between currencies have to be maintained per exchange rate type and currency pair in the translation factors. Which of these combinations is true? (1)

A. 1, 3 and 4)
B. 1, 2 and 4)
C. 2, 3 and 4)
D. 1, 2 and 3)
E. 1, 2, 3 and 4
Show Answer

QUESTION 47
Consider the following sentences about the direct quotation:
1) It is also known as price notation.
2) The currency value is expressed in units of the foreign currency per unit of local currency
3) For direct quotation, the prefix to indicate the rate is “/”. What is the correct option?

A. 1)
B. 2)
C. 3)
D. None of them.
E. All of them.
Show Answer

QUESTION 48
Consider the following sentences about the indirect quotation:

1) It is also known as volume notation.
2) The currency value is expressed in the local currency per unit of foreign currency
3) For indirect quotation, there is no prefix to difference between direct quotation. What is the correct option?

A. All of them.
B. None of them.
C. 3)
D. 2)
E. 1)
Show Answer

QUESTION 49
What of these alternatives are considered master data (Note: we can have more than one correct sentence. Please select the sentences you think they are correct)? (4)

A. Chart of Accounts.
B. G/L Accounts.
C. Vendor.
D. Customer.
E. Asset
Show Answer

QUESTION 50
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)? (4)

A. Description.
B. Maintenance language.
C. Length of the company code.
D. Length of the G/L account number.
E. Blocking / unblocking chart of accounts.
Show Answer

 

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