ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTING PAPER: 4

1. Account groups are used to control the following properties a. field status of transaction fields b. field status of master fields c. field status of master fields and number range d. field status of master fields, number range and whether accounts are p&L ot B/S 2. You a. b. c. d. !. You a. b. c. d. can post transactions to an account in an currenc onl if account currenc is not maintained account currenc is same as local currenc of the compan code account currenc is different from compan code currenc under all circumstances can carr forward "&L account balances to #ultiple retained earnings accounts, automaticall Single retained earnings account, automaticall #ultiple retained earnings accounts, through period end processing Single retained earnings accounts, through period end processing

$. %efault e&change rate pic'ed up during () document is a. e&change rate maintained for t pe *B+ b. e&change rate maintained for t pe *#+ c. e&change rate maintained for t pe *,+ d. there is no default e&change rate t pe -. You can clear open items onl when the ha.e same a. business area, amount, opposite dr/cr indicator and same entr in fields that are configured for automatic clearing b. amount, opposite dr/cr indicator c. business area, amount and opposite dr/cr indicator d. amount, opposite dr/cr indicator and same entr in fields that are configured for automatic clearing /. (oreign currenc .aluations on ,/L accounts are performed on the following accounts a. all accounts b. all accounts managed on open item basis c. all accounts managed on open item basis and all accounts with account currenc different from local currenc d. accounts managed on open item basis ha.ing foreign currenc transactions and all accounts with account currenc different from local currenc 0. You a. b. c. d. can displa account balances of se.eral related accounts through account groups sort 'e wor'lists totals .ariant

ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTING PAPER: 4 1. You a. b. c. d. 4. (ast a. b. c. d. run BA/"2 ad3ustments for balancing BA le.el balance sheet for inter business area transactions balancing compan code le.el balance sheet for inter compan transactions posting ad3ustment entries for changed reconciliation accounts posting .endor/customer reclassification at business area le.el entr screens in () are used to enter customer and .endor line items ,/L line items ,/L, customer and .endor line items )n.oice receipt against ,5

16. 7asil entered document entr templates are called a. sample document b. account assignment models c. wor'lists d. recurring documents 11. "osting 'e s are used to decide a. dr/cr indicator, field status of transaction screen, account t pes b. dr/cr indicator, account t pes c. dr/cr indicator, field status of transaction screen, account t pes, special ,/L applicabilit d. dr/cr indicator, field status of transaction screen 12. 8ow man a. 2 local b. ! local c. 2 local d. ! local parallel currencies are possible and at what le.el the are assigned9 currencies, chart of account currencies, chart of account currencies, compan code currencies, compan code

1!. 2ross compan code transactions are carried out between compan codes 6661 and 6662 in the ear 1444. :he accounting document created for 6661 is 416666-216 and that for 6662 is 416666$2!/. :his is created from compan code 6661. :he cross compan code number generated is a. 6661416666-2166661 b. 416666$2!/66626661 c. 416666-216666144 d. 416666$2!/666244 1$. ;hen ou re.erse a posted document, the document number must be a. internal b. e&ternal c. internal or e&ternal d. manuall assigned 1-. (inancial statements can be generated in a. local currenc b. document currenc c. controlling area currenc d. an currenc for which customi<ation is maintained

ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTING PAPER: 4 1/. :he .iews maintained for .endor master data are a. general data, compan code data b. general data, compan code data, purchasing data c. general data, compan code data, business area data d. general data, compan code data, business area data, plant data 10. ,roup 'e assigned to .endor master records control the following a. it is a combination of up to three fields based on which open in.oices are selected for automatic pa ment b. basis for grouping se.eral .endors for balance displa c. basis for classif ing .endors for standard reporting d. it is a combination of up to three fields based on which open in.oices are selected for manual pa ment 11. "osting through a special ledger indicator affects a. the main reconciliation account of the .endor or customer b. the alternati.e reconciliation account mapped to the main reconciliation account of the .endor/customer c. the alternati.e reconciliation account and the main reconciliation account of the .endor/customer d. offsetting entr to the main reconciliation account of the .endor/customer 14. 2hec' management with relation to outgoing pa ments is possible for open items for a. .endors b. .endors and customers c. .endors, customers and ,/L accounts d. .endors and ,/L accounts 26. )f ou do not want to enter a document with pro.ision for updating the ledger on appro.al from authori<ed officials, ou use the following functionalit a. par'ed document b. sample document c. account assignment model d. recurring document 21. Accounting for down pa ment re=uest in.ol.es a. statistical items b. par'ed items c. noted items d. regular items 22. Business area is determined for accounting documents generated automaticall from logistics modules are on the basis of a. plant>di.ision combination b. plant>di.ision>distribution channel combination c. plant>sales area combination d. plant>di.ision combination and sales area

2!. ;hen ou carr out regrouping through A5 or A", the following acti.ities are performed

ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTING PAPER: 4 a. b. c. d. reclassif reclassif reclassif all of the where debtors ha.e credit balance and .ice .ersa open items b remaining life b changed reconciliation accounts abo.e

2$. ;hen ou carr out automatic pa ment, ban' through which pa ment is effected is based on a. ran'ing order of house ban's b. house ban's maintained for specific business areas c. house ban's entered in the parameters of the run d. ran'ing order and a.ailable balance in the accounts 2-. "a ment needs to be made against in.oices with pa ment bloc's created during in.oice .erification. "a ment bloc' can be remo.ed b a. release bloc' in ## b. changing the field entr from the in.oice document c. b reallocating in the pa ment proposal d. cannot be remo.ed 2/. )n a. b. c. d. 20. )n a. b. c. d. SA", a bill of e&change recei.able items is cleared during discounting the bill transfer posting with clearing re.ersal of contingent liabilit clearing against outstanding ad.ances from the customers which of the following processes do the original in.oices remain as open items residual pa ment partial pa ment charge off difference distribute difference

21. 8ow do ou assign credit terms while drawing a bill of e&change on our customer9 a. b assigning pa ment terms to bill of e&change item b. b assigning due date to the bill of e&change item c. b assigning pa ment term to in.oice item d. b assigning due date to in.oice item 24. ,5/)5 account is managed on open item basis, and the indicator balance in L2 onl is tic'ed. %uring a ,5, it is credited with ?166 @e&change rae AS%B)C5 D 1B$6E. At the time of in.oice receipt, e&change rate is 5s.$1 D ?1, Af c'earubg fir ?166 is done for the ,5/)5 account, what is the foreign currenc e&change rate posting9 a. cr 5s.166 b. dr 5s.166 c. cr ?166 d. no e&change rate posting !6. ;hat are the different account t pes in SA"9 a. customer, .endor, ,L b. customer, .endor, ,L, asset, material c. customer, .endor d. customer, .endor, asset

ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTING PAPER: 4 !1. ;hen se.eral organi<ational units carr out dunning within a single compan code, the SA" entit used to distinguish and control the process is called a. dunning procedure b. dunning 'e c. dunning cler' d. dunning area !2. )f a. b. c. d. ou do not want to dun a .endor be ond a particular le.el use dunning 'e to limit the ma&imum le.el use dunning bloc' on the .endor master use dunning cler' to bloc' dunning use dunning bloc' on the dunning procedure

!!. )f ou want to chose a different set of fields in a .endor account line item displa , ou choose a different a. sort .ariant b. totals .ariant c. line la out d. additional fields

ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTING PAPER: 4

KEY

1. 2 2. B !. 2 $. B -. A /. % 0. 2 1. A 4. B 16. B 11. 2 12. % 1!. 2 1$. A 1-. % 1/. B 10. A 11. B 14. B 26. A 21. 2 22. % 2!. % 2$. % 2-. A 2/. 2 20. B 21. B 24. % !6. B !1. % !2. A !!. 2