7. SAP FI CERTIFICATION PRACTICE QUESTION

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QUESTION 51
Consider the following sentences about the chart of accounts segment:

1) It contains the Company Code, Account number and the field status group.
2) Whenever you need to enter information for a company code for an account number, you have to type again the information related to chart of accounts segment.
3) Texts can be displayed using the program “Account assignment manual”(RFSKTHOO).
4) Keywords facilitate the search for account numbers.

Which of these combinations are false (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. 4)
E. None of them.
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QUESTION 52
True or false?
Please choose the right answer: (3)

A. Every company code that needs to use an account from the assigned chart of accounts has to create its own company code segment
B. For P+L statement accounts, the balance is carried forward to the same account.
C. In the chart of accounts segment, it is necessary to indicate whether the account will be a balance sheet or a profit + loss statement account.
D. Number intervals for G/L account master records can overlap.
E. It is not possible to influence the appearance of an account’s master data.
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QUESTION 53
Consider the following sentences about field status:

1) Fields which are can be .
2) Fields which have an entry that can be set to only (even in change mode) Which of the options below matches the blank spaces of those sentences?
A. used/suppressed for 1; must be changed/display for 2)
B. not used/suppressed for 1; must be changed/display for 2)
C. not used/optional for 1; should not be changed/suppressed for 2)
D. not used/suppressed for 1; should not be changed /display for 2)
E. used/optional for 1; must be changed/display for 2)
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QUESTION 54
Consider the following sentences about field status:

1) Fields which can be made .
2) Fields that can be entered, but are not required, can be set to entry Which of the options below matches the blank spaces of those sentences?
A. must not have an entry/optional for 1; suppressed for 2)
B. must have an entry/suppressed for 1; suppressed for 2)
C. must have an entry/optional for 1; optional for 2)
D. must have an entry/required for 1; optional for 2)
E. must not have an entry/required for 1; optional for 2)
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QUESTION 55
Consider the following sentences:
1) Reconciliation accounts are general ledger accounts assigned to the business partner master records to record all transactions in the sub-ledger
2) For accounts without line item display, the most important data from the posted line items is stored in a special index table.
3) The account currency must be in the local currency.
4) Items in accounts with open item management means the G/L accounts should have a offsetting posting for a given business transaction.

Which of these are true (Please choose the correct sentence)?

A. 1 and 3)
B. 2 and 4)
C. 1 and 2)
D. 2 and 3)
E. 1 and 4)
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QUESTION 56
Since the line item display takes up additional system resources, you should only use it if there is no other way of looking at the line items. So, you should not activate the line item display for the following accounts (Note: we can have more than one correct sentence. Please select the sentences you think they are correct): (4)

A. P+L Statement.
B. Reconciliation.
C. Revenue.
D. Material Stock.
E. Tax.
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QUESTION 57
Consider the following statements:

1) Accounts with open item management must have line item display activated.
2) You can activate or deactivate open item management everytime, even if the account hasn’t a zero balance.
3) You can select both local and foreign currencies as account currency.
4) If the account is the local currency, the account can only be posted to this currency.
5) When using the “Only Balances in Local Currency” indicator in the master data record, transaction figures are only managed for amounts translated into local currency.

Which of the above statements are true (Note: we can have more than one correct sentence. Please select the sentences you think they are correct)? (3)

A. 1)
B. 2)
C. 3)
D. 4)
E. 5)
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QUESTION 58
True or false?
Please choose the right answers (3)

A. The “Only Balances in Local Currency” indicator must not be set in reconciliation accounts for customers or vendors.
B. The “Only Balances in Local Currency” indicator is usually set in balance sheet accounts that are not managed in foreign currencies and not managed on an open item basis.
C. Accounts with a foreign currency as an account currency can be posted to any currency.
D. You can use a group chart of accounts for internal purposes.
E. The usage of a financial statement version for the group chart of accounts is optional.
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QUESTION 59
What is the disadvantage of using the group chart of accounts? (Please choose the correct sentence)

A. Because changes to existing G/L Accounts are effective as soon as they have been saved and could have extensive consequences
B. Because accounts with the account currency as local currency can only be posted to this local currency
C. Because the company codes use different operational chart of accounts, you cannot carry out cross- company code controlling.
D. Because the group chart of accounts must be assigned to each operational chart of accounts.
E. Because you must enter the group account number in the chart of accounts segment of the operational account.
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QUESTION 60
Consider the following statements:

1) You cannot use the country chart of accounts if you desire to use the cross-company code controlling.
2) The disadvantage of using country chart of accounts is the accounting clerks who may be familiar with the country chart of accounts first have to get used to using the operational chart of accounts.
3) Reconciliation accounts are updated on a daily basis. Which of them are false (Please choose the correct sentence)?

A. 1 and 2)
B. 1 and 3)
C. 2 and 3)
D. All of them.
E. None of them.
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QUESTION 61
Which are the segments of the SD view of the customer account master data? Note: we can have more than one correct sentence. Please select the sentences you think they are correct) (2)

A. Client.
B. Company Code.
C. Controlling Area.
D. Sales Area.
E. Purchasing Organization.
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QUESTION 62
Which are the segments of the MM view of the customer account master data (Note: we can have more than one correct sentence. Please select the sentences you think they are correct)? (2)

A. Client.
B. Company Code.
C. Controlling Area.
D. Sales Area.
E. Purchasing Organization
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QUESTION 63
What is the segment that makes complete both customer and vendor accounts (Please choose the correct sentence)?

A. Client.
B. Company Code.
C. Controlling Area.
D. Sales Area.
E. Purchasing Organization.
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QUESTION 64
What characteristics are configured as standard for every customer/vendor account (Note: we can have more than one correct sentence. Please select the sentences you think they are correct)? (2)

A. Line Item Display.
B. Company Code.
C. Currency.
D. Open Item Management.
E. Purchasing Organization.
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QUESTION 65
Consider the following statements:
Which of the above statements are true (Note: we can have more than one correct sentence. Please select the sentences you think they are correct)? (3)

A. Number ranges for customer/vendor accounts can overlap.
B. An one-time account is a special customer/vendor master record which a company rarely do business.
C. The account group is used to control the fields displayed in the master record.
D. If you enter an alternative payer, the amount to clear the open items due in the account is paid by the alternative payer.
E. One number range can only be assigned to one account group.
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QUESTION 66
True or false?
Please choose the right statements: (3)

A. For every bank that is used in the system (for example, as a house bank or as a customer/vendor bank) you have to create a bank master record.
B. You cannot create bank master data when entering bank information in the customer or vendor master record.
C. Banks that are used by your company are defined as house banks.
D. Customers that use the lockbox function can create a batch input session that automatically updates customer banking information in the master record.
E. Bank Account and G/L Account are the same master data object.
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QUESTION 67
True or false?
Please choose the right statements: (3)

A. Number ranges for document numbers and account types defined for postings are defined by the document types
B. Document types are defined at company code level.
C. Document types also define whether invoices are posted with the net procedure.
D. The system can assign the document numbers or the user can assign the number during document entry.
E. A business transaction creates only one document.
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QUESTION 68
What do the posting keys specify? (4)
(Note: we can have more than one correct sentence. Please select the sentences you think they are correct)?

A. Whether the accounts are allowed for posting.
B. Whether the line items are valid for a business transaction.
C. Whether the line items contain “credit” or “debit” values.
D. Whether the line item is connected to a payment transaction or not.
E. Whether the posting is sales-relevant and the sales figure of the account is to be updated by the transaction, for example, by the posting of a customer invoice.
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QUESTION 69
Consider the following statements: What is the right statement(s)? (3)

A. ‘+’ symbol represents all account types in the posting period customizing screen.
B. A company code must be assigned to a posting period variant to have the control for posting periods.
C. The maximum amounts are defined per company code in “tolerance groups”.
D. It is not possible to assign tolerance groups to user logon ID’S.
E. The account interval in the posting period customizing screen can be both G/L and subledger accounts.
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QUESTION 70
What fields of a Fl Document Header section can be changed after a document has already been posted?
(2) (Note: we can have more than one correct sentence. Please select the sentences you think they are correct)

A. Reference Number.
B. Header text.
C. Fiscal Year.
D. Posting date.
E. Text fields.
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QUESTION 71
About the change control, what conditions below are applicable? (3) (Note: we can have more than one correct sentence. Please select the sentences you think they are correct)

A. The document is not a credit memo from a down payment.
B. The line item is either a debit in a customer account or a credit in a vendor account.
C. The posting period is already closed.
D. The document is a credit memo for an invoice.
E. The line item is not yet cleared.
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QUESTION 72
What are the prerequisites to enable negative postings? (3) (Note: we can have more than one correct sentence. Please select the sentences you think they are correct)

A. You have to define the document type that explicitly allows negative postings.
B. You have to define reversal reasons for negative reversal.
C. You have to reset cleared items.
D. You have to ensure company code permits negative postings. You have to use cleared items.
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QUESTION 73
What is the purpose of the terms of payment? (Please choose the correct sentence)

A. Define the baseline date.
B. Enable the cross-company code transactions.
C. Calculate a cash discount and invoice due date.
D. Calculate only the required conditions for SD invoices
E. Calculate the tax amounts.
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QUESTION 74
Consider the following statements:
Which of the statements is false (Please choose the correct sentence)?

A. The account type field in terms of payment basic data screen should be defined separately, to prevent
any done change in the term of payment.
B. Terms of payments are copied from invoice to credit memos when they are linked to.
C. Inserting a “V” in the invoice reference field during document entry means the terms of payment are activated in the non-invoice-related credit memos.
D. The day limits define the dates of the cash discount periods.
E. The system cannot define the splitment of an installment payment, at least you define it in the terms of payment.
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QUESTION 75
True or false?
Please choose the right answers: (2)

A. A tax calculation procedure is assigned to every company code for carrying out tax calculations.
B. If you desire to post manual tax postings, you have to flag the “Post Automatically Only” field of the account master record.
C. A jurisdiction code is a combination of the codes of tax authorities that tax movements of goods and use their own tax rates.
D. SAP supports tax on sales and purchases, US sales tax, additional taxes and withholding tax as tax systems for different countries
E. Only national level of taxation is allowed in the R/3 system.
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QUESTION 76
What are the examples of cross-company code transactions in the R/3 system? (3) (Note: we can have more than one correct sentence. Please select the sentences you think they are correct)

A. One company code makes purchases for other company codes (Central Procurement).
B. One company code sells goods to other company codes.
C. One company code pays invoices for other company codes (Central Payment).
D. One company code transfers CO postings to other company codes.
E. One company code sends HR salary expenses to other company codes.
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QUESTION 77
Consider the following statements:
Which of the statements are true (Note: we can have more than one correct sentence. Please select the sentences you think they are correct)? (2)

A. “Posting with clearing” function can be carried out for several accounts, account types and for any currency simultaneously.
B. Open items are incomplete transactions, such as invoices that have not been paid.
C. Items with withholding tax can be cleared for the automatic clearing program.
D. You can only carry out the “posting with clearing” transaction manually.
E. Documents with open items can be archived.
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QUESTION 78
What are the three types of tolerances in the Fl component of the R/3 system (Please choose the correct sentence)?

A. Company Code Groups, G/L Account tolerance groups and Customer/Vendor tolerance groups.
B. Employee tolerance groups, G/L Account tolerance groups and Customer/Vendor tolerance groups.
C. Employee tolerance groups, Assets tolerance groups and Customer/Vendor tolerance groups.
D. Company Code Groups, Employee tolerance groups and Customer/Vendor tolerance groups.
E. Employee tolerance groups, Material Stock tolerance groups and Customer/Vendor tolerance groups
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QUESTION 79
True or false?
Please choose the right answers (4)

A. The system doesn’t post the exchange rates differences as realized gains or losses.
B. When the payment has been posted as a partial payment, all the documents remain in the account as open items.
C. When the payment has been posted as a residual payment, only the residual value remains in the account and the original document and the payment are cleared.
D. Realized exchange rate difference is the considered rate when an open item is cleared.
E. G/L accounts must be defined for exchange rate losses or gains.
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QUESTION 80
Which of them are valid business transaction types for cash journal? (4) (Note: we can have more than one correct sentence. Please select the sentences you think they are correct)

A. Revenue.
B. Dunning
C. Expense.
D. Customer Incoming/Outgoing payments
E. Vendor Incoming/Outgoing payments Cash transfer.
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QUESTION 81
What are the four steps of the automatic payment process? (Please choose the correct sentence)

A. Approve and/or modify payments, generate proposal run, start payment run and schedule print.
B. Maintain parameters, generate proposal run, start payment run and schedule print.
C. Maintain parameters, start payment run, post payment documents and schedule print.
D. Select open invoices, maintain parameters, post payment documents and start payment run.
E. Select open invoices, approve and/or modify payments, post payment documents and print payment media
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QUESTION 82
What can we define for the “All Company Codes” section, in the payment program configuration? (5) (Note: we can have more than one correct sentence. Please select the sentences you think they are correct)

A. Salary payments also for another Company code
B. Cash discount.
C. Intercompany payment relationships.
D. The company code(s) that process payments.
E. The customer and vendor transactions to be processed.
F. Tolerances days for payments.
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QUESTION 83
What is a sending company code? (Please choose the correct sentence)

A. It is a company code that receives only actual data from the receiver company code.
B. It is a company code that sends only planned data to the receiver company code.
C. It is a company code that passes the responsibility for processing the outgoing payments to another company code.
D. It is a company code that is responsible for processing the outgoing payments,
E. It is a company code that has many plants.
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QUESTION 84
What can we define for the “Paying Company Codes” section, in the payment program configuration? (3) (Note: we can have more than one correct sentence. Please select the sentences you think they are correct)

A. Intercompany payment relationships.
B. Bill of exchange specifications.
C. Minimum amounts for incoming and outgoing payments.
D. Tolerances days for payments.
E. Forms for payment advice and EDI.
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QUESTION 85
What can we define for the “Payment Method / Country” section, in the payment program configuration? (4) (Note: we can have more than one correct sentence. Please select the sentences you think they are correct)

A. Define the master record requirements, i.e. address required, for each payment method.
B. Document types to be used for posting and clearing documents for each payment method. Define the permitted currencies for each payment method.
C. Define payment methods (check, bank transfer, etc.) for each country.
D. Forms for payment advice and EDI.
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QUESTION 86
What can we define for the “Payment Method / Company Code” section, in the payment program configuration? (5) (Note: we can have more than one correct sentence. Please select the sentences you think they are correct)

A. Bank optimization.
B. Minimum and maximum payment amounts.
C. Forms for payment media.
D. Whether payments abroad and foreign currencies are allowed.
E. Grouping options.
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QUESTION 87
About the dunning program configuration, what controls how dunning is carried out (Please choose the correct sentence)?

A. Company Code.
B. Customer master record.
C. Dunning procedure.
D. Dunning texts.
E. Sales Organization.
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QUESTION 88
What can we say about “Bank selection” section, value date field, in the payment program configuration?
(2) (Note: we can have more than one correct sentence. Please select the sentences you think they are correct)

A. Used with the Currencies.
B. Used with cash management and forecast.
C. The offset account to the sub ledger posting.
D. The number of days until value date plus the posting date.
E. Define the permitted currencies for each payment method.
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QUESTION 89
What can we define for “Bank selection” section, accounts and amounts, in the payment program configuration? (3) (Note: we can have more than one correct sentence. Please select the sentences you think they are correct)

A. Available funds in each bank.
B. Used with cash management and forecast.
C. The offset account to the sub ledger posting.
D. Clearing accounts for bills of exchange.
E. Used with the Currencies.
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QUESTION 90
What can we say about “Bank selection” section, charges, in the payment program configuration? (3) (Note: we can have more than one correct sentence. Please select the sentences you think they are correct)

A. Used with bills of exchange.
B. Additional automatic posting configuration.
C. The number of days until value date plus the posting date.
D. Assess additional bank charges for incoming and outgoing payments.
E. Define the permitted currencies for each payment method.
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QUESTION 91
Consider the following statements:
Which of the following options is correct? (2)

A. The payment block can be in: Payment term, Vendor/Customer master data and Invoices.
B. Invoices that match the specified payment parameters but, for some reason, cannot be paid are listed in the exception list.
C. In the proposal run, payments and related postings such as those for tax, tax adjustments, exchange rate differences or cash discount are posted automatically.
D. DME means Document Medium Exchange.
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QUESTION 92
True or false?
Please choose the correct Answers (4)

A. A payment method can be used only if it is entered in the account master record.
B. The payment proposal can be edited, deleted and recreated as often as necessary
C. All the company codes in the payment run parameters must be in the same country.
D. The exception list is part of the payment proposal.
E. If you are using check management, you have to use check lots to print checks.
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QUESTION 93
Consider the following statements:
Which of the following options is correct?

A. You cannot schedule an automatic payment program.
B. The debit balance check can be carried out after a payment proposal has been created.
C. When using the Payment Medium Workbench (PMW), the note to payee can be freely defined in Customizing
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QUESTION 94
What of the following options we can define for each duning Procedure, in the dunning program configuration? (3) (Note: we can have more than one correct sentence. Please select the sentences you
think they are correct)

A. Grace periods per line item.
B. Key for the dunning procedure to be used.
C. Currencies.
D. Interest calculator indicator for calculation of dunning interest.
E. Bill of exchange account.
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QUESTION 95
What of the following options we can define for each duning Levels, in the dunning program configuration?
(3) (Note: we can have more than one correct sentence. Please select the sentences you think they are correct)

A. Minimum number of days, referring to the due date of net payment, to reach a certain dunning level
B. Key for the dunning procedure to be used.
C. If interest is to be calculated.
D. Interest calculator indicator for calculation of dunning interest.
E. Print parameters.
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QUESTION 96
What of the following options we can define for Expenses/Charges, in the dunning program configuration?
(2) (Note: we can have more than one correct sentence. Please select the sentences you think they are correct)

A. A minimum amount for the dunning charges can be set.
B. Key for the dunning procedure to be used.
C. If interest is to be calculated.
D. Dunning charges, depending on the dunning level.
E. Print parameters.
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QUESTION 97
True or false?
Please choose the correct answers (3)

A. Customers without dunning procedure in the master record are dunned with a default dunning procedure
B. If dunning areas are not used, dunning is performed at the company code level.
C. It is possible to dun vendors as well as customers.
D. The “run date” is always the date when a certain dunning run is supposed to be started.
E. The parameters specify the accounts and documents that are to be considered in the dunning run.
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QUESTION 98
True or false?
Please choose the correct answers (2)

A. The payment terms of a credit memo usually do not apply, and the due date is either the due date of the associated invoice or the baseline date of the document.
B. Every dunning procedure must have at least four dunning levels.
C. An account is only dunned if all the overdue items have exceeded the minimum days in arrears.
D. The dunning run updates the dunning data in the dunned items and accounts.
E. A dunning notice is only sent if the dunning data has changed since the last dunning run or if “Always dun?” is selected.
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QUESTION 99
True or false?
Please choose the correct answers (3)

A. There are two types of interest calculation in SAP R/3: account balance and interest on arrears.
B. Account balance interest calculation is applied to individual items in accounts receivable or accounts payable.
C. Account master data must contain an interest calculation indicator for interest calculation to take place.
D. On a given account, SAP R/3 cannot calculate different interest rates based on the amounts of balances or items.
E. You can configure SAP R/3 to calculate interest for customers or vendors that owe you money. You cannot calculate interest, however, if you owe your business partner money.
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QUESTION 100
Consider the following statement about Correspondence:

A <1> represents a type of letter in the system. Each <1> has a
corresponding <2> . Each <2> has a selection variant. Each <3> is assigned a SAPScriptform.

Please choose the option that substitutes <1>, <2> and <3>, respectively:

A. correspondence, correspondence type, print program.
B. correspondence type, SAP Script form, print program.
C. print program, program, correspondence type.
D. correspondence type, print program, program.
E. program, print program, correspondence type.
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