FI Question Bank

16
th
and 23
rd
july, 20
th
and 27
th
July 10.
1. Ho !any line ite!s "an a do"u!ent "ontain#
a. 10$$,
%. $$,
". $$$,
d. $$01
e. unli!ited
2. &hi"h is "orre"t 'ro"ess o( )ur"hase to )ay#
a. )ur"hase *rder, +oods ,e"ei't, In-oi"e .eri(i"ation, )ay!ent
%. +oods ,e"ei't, In-oi"e .eri(i"ation, )ay!ent, )ur"hase *der, )ur"hase
,e/uisition
". )ur"hase ,e/uisition, )ur"hase *rder, +oods ,e"ei't, In-oi"e .eri(i"ation,
)ay!ent
3. &hi"h is "orre"t 'ro"ess o( *rder to 0ash 12ales3#
a. 4rans'ort, deli-ery, Billin5, 6unnin5, )ay!ent, In"o!in5 *rder
%. In"o!in5 *rder, 4rans'ort, deli-ery, Billin5, 6unnin5 7 )ay!ent
". In"o!in5 *rder, 6eli-ery, 4rans'ort, Billin5, 6unnin5 7 )ay!ent
8. &hi"h o( (olloin5 "orre"t se5!ent o( +9l :aster 6ata#
a. +eneral 6ata, 0o!'any 0ode 6ata, 0hat o( ;9" 6ata
%. 0hart o( a9" 2e5!ent, 0o!'any 0ode 2e5!ent
". 0o!'any 0ode 2e5!ent, 2ales ;rea 2e5!ent, )ur"hasin5 ;rea 2e5!ent
<. I( your "usto!er ants to 'ost in-oi"e to -endor hi"h o( (olloin5 settin5 is
"o!'ulsory#
a. 0hart o( a9" 2e5!ent, +eneral 6ata 2e5!ent, 2ales ;rea 2e5!ent
%. +eneral 6ata 2e5!ent, 0o!'any 0ode 2e5!ent, )ur"hase ;rea 2e5!ent
". 2ales ;rea 2e5!ent, 0o!'any 0ode 2e5!ent, +eneral 6ata 2e5!ent
6. &hat )osin5 =ey 0ontrol#
a. ;""ountin5 ty'e (or 'ostin5 the do"u!ent
%. )ostin5 the do"u!ent ite! as de%it or "redit
". Field status o( the additional data
7. &hen e !aintain .ariant hi"h o( (olloin5 "hara"teristi" e "hoose# 10hoose "orre"t
4hree3
a. Hi5hli5ht,
%. )rote"t 16is'lay3,
". ,e/uired,
d. Hide
>. 0hoose "orre"t Field 2tatus (ro! Hi5hest to ?oest )riority#
a. H6,* or 26,*
FI Question Bank
16
th
and 23
rd
july, 20
th
and 27
th
July 10.
$. ; 0usto!er ants to ork ith 6o"u!ent 2'littin5 hat should he do#
a. Business 4ransa"tions
%. Business 4ransa"tion -ariant,
". 6o"u!ent 4y'e.
d. "reate F2.
10. 6o"u!ent s'littin5 lo5i" 1,e(er )5. @ 207 (irst %ook3
a. 2'littin5 rule, %usiness transa"tion, do"u!ent ty'e
11. &hat Fis"al Aear .ariant "ontains#
a. 1600 'ostin5 'eriods 7 8 2'e"ial )eriods
%. 2'e"ial )eriods alon5 ith Bor!al )ostin5 'eriods
". Bu!%er o( 'ostin5 'eriods1 u'to<2 'ostin5 'eriods and s'e"ial 'eriods3
d. Bu!%er o( 'ostin5 'eriods1 u'to16 'ostin5 'eriods and s'e"ial 'eriods3
12. &here e !aintain .endor ;9" Bu!%er ,a5es#
a. 0lient le-el 7 0o!'any 0ode ?e-el
%. 0o!'any 0ode ?e-el
". 0lient ?e-el
13. ; 0usto!er has a :B0 hi"h has a Cnit in C2;. ;ll use 2a!e *'eration 0hart o( ;9"
%ut they also ant lo"al re'ortin5 (or C2; unit .&hat should they do#
a. Cse +rou' "hart o( a""ount 7 +rou' a9" no
%. Cse +rou' a9" no 7 ;lternati-e a9" no.2
". Cse 0ountry 2'e"i(i" 0hart o( ;9" and assi5n it to "o!'any "ode
d. Cse "ountry s'e"i(i" "hart o( ;90 and assi5n it to o'erational "hart o( ;9"Ds
18. 0usto!er has 'osted in"orre"t in-oi"e. &hat he "an do to "orre"t it# 0hoose 2 "orre"t
ansers.
a. 0han5e 'osted do"u!ent
%. Bor!al ,e-ersal o( 6o"u!ent
". )arked do"u!ent ith 'arked o'tions
d. Be5ati-e ,e-ersal o( 6o"u!ent
1<. &hat 2ort =ey 0ontrols#
a. 0ost 0enter
%. Fun"tional ;rea
". ;ssi5n!ent Field
d. )ostin5 6ate
16. 0hara"teristi"s o( !aster data.1"hoose 2 ansers3
a. Csed (or lon5 %usiness 'ro"ess.
%. it is used a te!'late (or transa"tional 'ur'ose
17. Ho 6u'li"ation o( .endor :aster 6ata "an %e 're-ented#
a. Csin5 :at"h "ode "an i( sa!e data eEit or not,
FI Question Bank
16
th
and 23
rd
july, 20
th
and 27
th
July 10.
%. ;"ti-ate the auto!ati" du'li"ation "he"k indi"ator
1>. &hat ty'e o( ;""ount a Cser "an 'ost .ia 0ash Journal# 10hoose 2 0orre"t ;nsers3
a. ;sset
%. :aterial
". *ne ti!e 0usto!er
d. 0usto!er
1$. I( your "usto!er ants that all in-oi"es shall %e 'osted auto!ati"ally to Head Bran"h
only#
a. ;lternati-e )ayee
%. 0learin5 ith .endor
". Head o((i"e Bran"h *((i"e
20. I( your "usto!er ants to "lear 0usto!er and .endor o'en ite!s, here "usto!er is
-endor and -i"e -ersa, 10hoose 0orre"t 2 ;nsers3
a. ;ssi5n -endor no. in "usto!er !aster data
%. 2et "learin5 ith -endor indi"ator
". ;"ti-ate -endor !aster data
21. I( your 0usto!er sele"ted FEternal Bo ,an5e, &hat ill %e the F((e"t#
a. Bo ran5e ill %e Bu!eri"al
%. Bo ran5e ill %e se/uential %y syste!
". Bo ran5e ill %e ;l'hanu!eri"al
22. &hat shall %e done to ,e"lassi(y9 ,e5rou' ,e"ei-a%le and )aya%les# 1;ll ansers are
"orre"t3
a. :ake 4rans(er 'ostin5s a(ter sortin5 re"ei-a%les and 'aya%les a""ordin5 to
re!ainin5 li(e
%. :ake re/uired adjust!ent 'ostin5s
". Cse ,e'ort F;+?G0?G,F+,*C)
23. )ur'ose o( s'e"ial re"on"iliation a""ount1I donDt re!e!%er the o'tions3
28. &hat are the ty'es o( 2'e"ial +? 4ransa"tions# 10hoose 0orre"t 33
a. Boted ite!s
%. +uarantee
". ;uto!ati" *((settin5 Fntry
d. Free *((settin5 Fntry
2<. I( 0usto!er has set status as ,e/uired Fntry (or a (ield at a""ount 5rou' le-el 7 Hide
status (or sa!e (ield at transa"tions le-el, hat ill ha''en#
a. Frror :essa5e1re-erse ill also 5i-e error !essa5e3
FI Question Bank
16
th
and 23
rd
july, 20
th
and 27
th
July 10.
26. I( a 0usto!er is 'ostin5 non in-oi"e related "redit !e!o %ut he didnt enter H.H in
in-oi"e re(eren"e (ield only enter )ay!ent ter! at details ta% 'a5e o( do"u!ent entry
hat ill ha''en#
a. 4er!s o( 'ay!ent is -alid
%. 4er!s o( 'ay!ent are in-alid.
". It shos error !s5.
27. ad-anta5es o( 'arkin5I
a. )arkin5 hel's in dual "ontrol
%. )arkin5 is used throu5h ork list
2>. &hi"h additional (un"tions do"u!ent )arkin5 has than Holdin5#1a, % ere 5i-en in
eEa!, " is (ro! teEt %ook3
a. 6o"u!ent nu!%er is assi5ned
%. 2o!e do"u!ents "an %e in"luded in e-aluation re'orts
". 16is'layin5 authoriJations, a''ro-al, 'rin"i'le o( dual "ontrol, res'onsi%ilities
a""eleration o( ork 'ro"edures 3
2$. &hi"h is the intera"ti-e ele!ent o( ?ist .ieer# 1;ll ansers are "orre"t3
a. 2ortin5
%. 2u!!ation
". Filters
30. &hat are the Bene(its9ad-anta5es o( ;""rual Fn5ine# 10hoose 2 0orre"t ;nsers3 all
"orre"t ansers are 5i-en3 '5. 3>7 %ook 2
a. ;uto!ati" "al"ulation o( a""ruals
%. ;uto!ati" 'eriodi" 'ostin5s
". 2i!ulations
d. 2u''orts 'arallel re'ortin5
e. FEtensi-e in(or!ation syste!
(. ;''li"ation "o!'onents are deli-ered %y 2;) and do not ha-e to %e "reated %y
the "usto!er
31. &hat are the "riteriaDs (or usin5 the sa!e "ontrollin5 area.
a. ;ll assi5ned "o!'any "odes use sa!e o'eratin5 "hart o( a""ounts
%. 2a!e Fis"al year
32. &hi"h %alan"es ill %e trans(erred to retained earnin5s a9"#
a. Balan"e sheet a9"
%. Balan"e sheet a9" 7 'ro(it a9"
". )ro(it a9"
FI Question Bank
16
th
and 23
rd
july, 20
th
and 27
th
July 10.
33. &hat all se5!ents "onsists a "o!'lete "usto!er#
a. +eneral data at "lient le-el
%. 0o!'any "ode se5!ent
". 2ales area se5!ent
38. Question on :: -ie o( the -endor a9" @ here they asked de"entraliJed
a. +eneral data at "lient le-el
%. 0o!'any "ode se5!ent
". )ur"hasin5 or5aniJation se5!ent
3<. ;t hat le-el the a""ount nu!%er is assi5ned (or "usto!er#
a. 0lient le-el
36. &hat does the a""ount 5rou' "ontrols in "usto!er9-endor a9"Ds#
a. Bu!%er ran5es o( the a""ounts
%. 2tatus o( the (ields in the !aster re"ord
". I( the a""ount is the one ti!e "usto!er or -endor
37. Question on "ontrollin5 the (ield status in "usto!er9-endor a9"Ds#
a. 4ransa"tion (ield status, a9" 5rou' (ield status, "o!'any "ode (ield status.
%. 4ransa"tion (ield status, "hart o( a9"Ds, 'ostin5 key s'e"i(i".
". +rou' (ield status, transa"tion (ield status.
3>. 6o"u!ent ty'e de(ines
a. Bu!%er ran5es (or do"u!ent nu!%ers
%. ;""ount ty'es 'er!itted (or 'ostin5s
3$. 'ur"hase 'ro"ure!ent hen does FI do"u!ent is 5enerated
a. In-oi"e re"ei't1e de%it "learin5 a""ount and "redit -endor3
%. 5oods re"ei't1e "redit "learin5 a""ount3
". .aluated In-oi"e re"ei't.
80. 4ools o( eE"han5e rate ty'es
a. In-ersion
%. Base "urren"y
". FE"han5e rate ty'es1B*4 eE"han5e s'reads3
81. 4o ele!ents that in(luen"e the (ield status o( do"u!ent (ields
a. Field status 5rou'
%. )ostin5 key
82. 2iE s"enarios o( +9l a""ount 1all are "orre"t3
a. 0ost "enter u'date
%. )re'aration (or "onsolidation
". Business area
FI Question Bank
16
th
and 23
rd
july, 20
th
and 27
th
July 10.
d. )ro(it "enter u'date
e. 2e5!entation
(. 0ost o( sales a""ountin5
83. 0hara"teristi"s o( ;""ount deter!ination "an %e used and assi5ned re-aluation
adjust!ent to di((erent +? a""ounts1"hoose 3 "orre"t ansers31"he"k out ith trainer3
1not sure a%out the anser %ut /uestion and o'tions are "orre"t3
a. .aluation key
%. .aluation !ethod
". 0urren"y
d. 0*;
e. 0o "ode
88. &hat are the 'rere/uisites (or se5!ent re'ortin5#
a. 2e5!ent
8<. &hat is the di((eren"e %eteen led5er a''roa"h and a""ount a''roa"h#
a. Ledger approach
i. Bo s'e"i(i" a""ount areas
ii. Bo "han5e to "hart o( a""ounts
iii. *nly one retained earnin5s a""ount
i-. 2tandard (inan"ial state!ent de(inition
-. ,ele-an"e o( 'ostin5 at do"u!ent le-el
-i. *nly leadin5 -aluation is 'osted to "ontrollin5
b. Accounts approach
i. 2'e"i(i" a""ount areas
ii. 0o!'leE "hart o( a""ounts
iii. At least one retained earnin5s a""ount
i-. 0o!'leE (inan"ial state!ent de(inition
-. ,ele-an"e o( 'ostin5 at a""ount le-el
-i. ;ll -aluation is 'osted to "ontrollin5
86. 2"enarios is assi5ned to the (olloin511$3 %ook 2 'a5e no8813
a. 6o"u!ents
%. 0ost "enter
". ?ed5er
87. &hat is assi5ned to ea"h "urren"y#
a. 0urren"y key
8>. ; translation %eteen to "urren"ies is "al"ulated %y
a. 4ranslation ,atio
8$. &here do e de(ine -endor no ran5e
a. ;""ount +rou'
FI Question Bank
16
th
and 23
rd
july, 20
th
and 27
th
July 10.
<0. 4he status o( hi"h (ield "anDt %e "han5ed 9 re/uired entry (ields
a. Field status 5rou'
%. 0urren"y
<1. 4he (un"tions o( re"on"iliation a""ount
a. +9? a""ounts assi5ned to %usiness 'artner !aster re"ords to re"ord all the
transa"tions in su%Kled5er
<2. &hat does only %alan"e in lo"al "urren"y !ean#
a. Indi"ator !ust %e set in "ash dis"ount, +,9I, "learin5 a""ounts
%. It !ust %e set in %alan"e sheet a""ounts that are not managed in (orei5n
"urren"y
". It !ust not %e set in re"on"iliation a""ount o( "usto!er and -endors
<3. 0olle"ti-e 'ro"essin5 "an %e "arried out (or the (olloin5
a. 0hart o( a""ount se5!ent
%. 0o!'any "ode se5!ent
". 6es"ri'tion
<8. Fun"tion o( 5rou' 0*;
a. 0ontains all o( the 5rou' 0*; a""ounts
%. +rou' a""ount nu!%er is the re/uired
". Fnter 5rou' a""ount nu!%er in 0*; se5!ent o( o'erational 0*;
d. Cse F2. o( 5rou' 0*;
<<. 4he use o( house %ank and %ank !aster data
<6. &here do e de(ine nu!%er ran5es (or 'ay!ent do"u!ent in FI#
<7. &ork(lo -ariant and do"u!ent release 'ro"edure
a. *r5aniJation stru"ture 1&ho3
%. )ro"ess stru"ture 1hen, in hat order, in hat "ir"u!stan"es3
". Fun"tion 1hat3
d. In(or!ation 1ith hi"h data3
<>. &hile enterin5 i( the do"u!ent 'osted ron5ly ho you "an "orre"t it#
a. ;lter do"u!ent
%. ,e-erse do"u!ent
". 0han5e do"u!ent
d. 6ual "ontrol
<$. Ho !any 'ostin5 'eriods you "an "reate in 2;)
a. 16
%. 1600
". 12
FI Question Bank
16
th
and 23
rd
july, 20
th
and 27
th
July 10.
60. &hi"h o'tion do e a"ti-ate to u'date the assi5n!ent "olu!n in 2;)#
a. 2ort =ey
61. In "usto!er 9-endor !aster data "reation (or ;lternati-e 'ayer9'ayee hi"h o( the
(olloin5 ill ha-e the hi5hest 'riority
a. 0o!'any "ode se5!ent
%. 0lient se5!ent
". ?ine ite!
62. &hen e!'loyee has "han5ed the re"on"iliation a""ount in -endor !aster data, hi"h
"losin5 'ro5ra! do e need to run (or
a. ,e5rou'in5
%. 0losin5 "o"k'it
". Forei5n 0urren"y .aluation
d. I.;
63. &hat are the ele!ents o( drilldon re'ortin5# 1(or this anser /uestion should %e Lhat
does drilldon re'ortin5 ena%le you#M31I dou%t the 'erson ho 're'ared this /uestion is
ri5ht31ele!ents o( drilldon re'ortin5 are "hara"teristi"s and key (i5ures3
a. ;nalyJe +9? transa"tions
%. .arian"e analysis like 'lan9a"tual "o!'arisons, (is"al year "o!'arisons.
". 1;'art (ro! these to drilldon re'ortin5 'ro-ides (un"tions (or 'ro"essin5 lists,
su"h as sortin5, "onditions, rankin5 lists et".3
68. 0hara"teristi"s o( se5!ent as in"luded in F;+?FFN4 (ro!
a. 2;) F,) 20081'5. 82$ (i5.1>2 2
nd
%ook3
%. Fnhan"e!ent 'a"ka5e 3
". 12 !ore o'tions as there31donDt 5et ith enter'rise eEtension in ti!e
de'enden"y de're"iation tere!s3
6<. ; "o!'any sells 'rodu"ts. ;t the ti!e o( "o!'laints, they are to issue the "redit !e!o.
&hat ill %e the entries#
a. ,e"ei-a%les 7 eE'enses
%. ,e"ei-a%les 7 re-enue
". )aya%les and eE'enses
d. )aya%les 7 re-enue
66. year end "losin5 'ro"ess111< se"ond %ook 2>2 'a5e no3
67. .aluation adjust!ent key118> se"ond %ook 386 'a5e no3
a. 6ou%t(ul re"ei-a%les are ritten o(( as an indi-idual -alue adjust!ent 1I.;3
durin5 year end "losin5. in ;""ounts re"ei-a%le "on(i5uration you de(ine the de%it
rate 'er"enta5e O1%ad de%t eE'ense O3(or a -aluation adjust!ent key and an
o-erdue ti!e 'eriod in days.
FI Question Bank
16
th
and 23
rd
july, 20
th
and 27
th
July 10.
%. Aou assi5n the -aluation adjust!ent key to the !aster re"ord o( any "usto!er a9"
that you ant in"lude in the (lat rate indi-idual -alue adjust!ents 'ostin5.
6>. "o (i inte5ration12 /uestions3127 (irst %ook1300 'a5e no3
6$. Ho "an u "han5e short teEt in 59l a9"#
a. 0entrally, in "hart o( a9" se5!ent
%. Indi-idually "o. "ode
". &hether the (ield status o( "hart o( a""ounts se5!ent allos (or it.
70. &hile 'ostin5 +9? it shos error a9" ty'e L6M is not de(ined. &hi"h o( the (olloin5
e((e"ts this error#1"hoose 1 anser3
a. )ostin5 key
%. 6o"u!ent ty'e
". Field status
d. ?ine ite! dis'lay
Tolerance groups and payment differences
1. 4oleran"e 5rou' /uestions 1,e(er '5. @ 381 (irst %ook3
a. +rou' 6e(inition
i. 4oleran"e 5rou' is de(ined %y a 5rou' key, "o!'any "ode, and a "urren"y
"ode.
ii. 4he 5rou' key is a (our "hara"ter al'hanu!eri" key
iii. 4he =ey LGGGGGM %lank is the standard toleran"e 5rou' and is re/uired as
the !ini!u! toleran"e 5rou'.
%. +rou' assi5n!ent
i. F!'loyee toleran"e 5rou's !ay %e assi5ned to e!'loyees
ii. +9l a""ount toleran"e 5rou's !ay %e assi5ned to +9? a""ount !aster
re"ords
iii. 0usto!er9-endor toleran"e 5rou's !ay %e assi5ned to a "usto!er or
-endor !aster re"ord
i-. I( no toleran"es are assi5ned, the de(ault toleran"e 5rou' LGGGGM %lank
a''lies
2. Ho do you 'ost the outside toleran"e li!it transa"tions# )5. 383 %ook 1
a. 0lear di((eren"e !anually
%. )ay!ent on a""ount
3. &hen you re"ei-e a 'ay!ent (ro! your "usto!er hi"h has a di((eren"e (ro! in-oi"e
-alue Pi( di((eren"e is %eteen the li!its o( toleran"e 5rou'Q i( e!'loyee ants to 'ass
an entry in 2;) here do e like to set the toleran"e li!its in 2;)
a. 4oleran"e 5rou' has to %e a"ti-ated (or F!'loyees as ell "usto!ers in I:+
FI Question Bank
16
th
and 23
rd
july, 20
th
and 27
th
July 10.
8. I( one o( u r "usto!er ants to 'ost s!all di((eren"e a!ount ho he 'osts#1"he"k out
ith your trainer31/uestion is "orre"t3 @ e-en I as not sure a%t ans
a. +? a9" toleran"e 5rou' and e!'loyee toleran"e
%. F!'loyee toleran"e 5rou' and "usto!er9-endor toleran"e 5rou'
". d9k toleran"e 5rou' and +9l a9" toleran"e 5rou'
<. I( the short 'ay!ent (or!s the "usto!er is %eyond e!'loyees toleran"e li!it in hat
ays he "an enter the 'ay!ent do"u!ent
a. ,esidual )ay!ent
%. )artial 'ay!ent
". )arkin5
0losin5 "o"k'it
1. In hi"h o( (olloin5 "ase e "an use "losin5 "o"k'it#
a. )eriodi" "losin5
%. AearKend "losin5
2. &hat are i!'ortant (un"tions9 ad-anta5es o( 0losin5 0o"k'it# 10hoose 3 0orre"t
;nsers3 1all "orre"t ansers are 5i-en '5. 8<1 2
nd
%ook3
a. &hen a"ti-ities re"ur 'eriodi"ally
%. &hen !ore than one 'erson res'onsi%le !ay %e in-ol-ed
". &hen the a"ti-ities are 'er(or!ed ithin a 'ro"ess that has (iEed "hronolo5i"al
se/uen"e or is deter!ined %y de'enden"ies
d. 4he a"ti-ities need to %e su''orted %y a shared uni(or! inter(a"e (or all in-ol-ed
e. 4he status o( all 'eriodi" a"ti-ities needs to %e do"u!ented and !ade trans'arent
and a-aila%le (or all in-ol-e
(. 4he "losin5 tasks are do"u!ented (or later "he"ks
3. &hat are the %ene(its o( "losin5 "o"k'it#
a. ,e"urrin5 'eriodi" task
%. )ro"ess (lo de(ined "hronolo5i"ally
". .arious 'ersons res'onsi%le
d. 6o"u!entation o( status o( all 'eriodi" a"ti-ities
e. 2a!e uni(or! inter(a"e (or all users in-ol-ed
8. &hat is the "losin5 "o"k'it 'ro"edure#
a. 6e(ine *r5aniJation Hierar"hy
%. 0reate 4e!'late
". 0reate tasks
d. 6e(ine de'enden"ies
e. 0reate task lists
(. ,elease task lists
<. 4ask ty'es in 0losin5 0o"k'it 1;ll are "orre"t ans3
FI Question Bank
16
th
and 23
rd
july, 20
th
and 27
th
July 10.
a. 2u%(olders
%. *nline 4ransa"tions
". )ro5ra!s
d. Flo de(inition
e. Botes
6. &hat are the ty'es o( task list in schedule manager or "losin5 "o"k'it#
a. Botes, transa"tions, 'ro5ra!s
7. &hat are the details you need (or a task in "losin5 "o"k'it#
a. Ba!e and des"ri'tion
%. ,e'ort na!e and -ariant na!e
". )ro"essor and 'erson res'onsi%le
d. 2tart ti!e and Fnd ti!e
Cross company code transactions
1. 0learin5 a""ount in "ross "o!'any "ode transa"tion "an %e ;ll are "orre"t
a. +? ;""ounts
%. 0usto!er
". .endor a""ounts
2. 0ross "o!'any "ode transa"tion nu!%er is the "o!%ination o( 1all are "orre"t3
a. 6o"u!ent nu!%er in (irst "o!'any "ode
%. First "o!'any "ode nu!%er
". Fis"al year
3. FEa!'les o( "rossK"o!'any "ode transa"tion.
a. *ne "o!'any "ode !akes 'ur"hases (or other "o!'any "odes 10entral
)ro"ure!ent3
%. *ne "o!'any "ode 'ays in-oi"es (or other "o!'any "odes 10entral 'ay!ent3
". *ne "o!'any "ode sells 5oods to other "o!'any "odes
8. Ho is the taE distri%uted %eteen the "o!'any "odes#
a. 6istri%uted as 'er eE'enses.
%. 6istri%uted to one "o!'any !ore and the other less.
". 4aE 'ostin5 is not distri%uted.
<. Foll. are the 0rossK"o. "ode transa"tions.
a. 0entral 'ro"ure!ent.
%. 0entral )ay!ent
". 0entral +oods trans'ort
d. GGGGGGGGGGGGGGGGGGG
FI Question Bank
16
th
and 23
rd
july, 20
th
and 27
th
July 10.
Validation & substitution
1. Ho .alidation 7 2u%stitutions orks. )ro"edure (or eEe"utin5 the -alidation and
su%stitution 1all are "orre"t3
a. 6e"ide the area o( a''li"ation -alidation9su%stitution should a''ly
%. 2ele"t the "orre"t "allu' 'oint (or -alidation9su%stitution
". 6e(ine the -alidation9su%stitution
d. ;ssi5n the -alidation9su%stitution to an a''ro'riate or5aniJational unit
e. ;"ti-ate -alidation 9 su%stitution
2. &hi"h are the 0all u' )oints#
a. 6o"u!ent header
%. 6o"u!ent line
". 0o!'lete do"u!ent
3. .alidation "onsists o( se-eral ste's 1all are "orre"t3
a. )rere/uisite
%. 0he"k
". :essa5e
8. 2u%stitution "onsists o( se-eral ste's 1all are "orre"t3
a. )rere/uisite
%. ,e'la"e!ent
<. .alidation ty'es are 1all are "orre"t3
a. BonK.alid "o!%inations
%. .alid "o!%inations
6. &hile doin5 an entry in 2;) i( e!'loyee ill enter the ron5 "ost "enter the syste! ill
re'la"e the "orre"t one auto!ati"ally hi"h is this 're re/uisite e need to set in the
syste!
a. .alidation
%. 2u%stitution
". 0losin5 "o"k'it
7. 0ost "enters ;7 B are !er5ed and it as de"ided that all (urther 'ostin5 need to %e !ade
to "ost "enter B. &hen 'ostin5 an e!'loyee !ade !istake and 'osted to "ost "enter.
&hat o'tions ill you "hoose to "orre"t it automatically#
a. +i-e a su%stitution rule in FI
%. +i-e a su%stitution rule in 0*
". :anually "han5e1I a! not a%le to re"olle"t the eEa"t ordin5s3
>. &hat o'tion ould you 're(er hen "ost "enter ; 7 B here "an"elled and all the
entries relation to these "ost "enter ha-e to %e auto!ati"ally 'osted to "ost "enter 0. hat
do you do# 1su%stitution3
FI Question Bank
16
th
and 23
rd
july, 20
th
and 27
th
July 10.
APP & Dunning
1. &hi"h is the 'riority o-er 'ay!ent !ethod
a. ?ine ite! ill ha-e 'riority o-er !aster data
2. &hen ill %e the de%it %alan"e "he"k "arried out
a. "arried out after 'ay!ent 'ro'osal has %een !ade
%. It o((sets all due de%it ite!s ithout an in"o!in5 'ay!ent
3. )ay!ent 'ro5ra! is identi(ied %y (ield run
a. ,un date
%. Identi(i"ation
8. Fle!ent o( 6unnin5 )ro"edure 1+o throu5h s"reen3
a. +eneral 6ata
%. 6unnin5 inter-al in days
". Bu!%er o( dunnin5 le-els
d. 4otal due ite!s (ro! dunnin5 le-els
e. :ini!u! days in arrears
(. ?ine ite! 5ra"e 'eriods
5. Interest indi"ator
h. 2tandard transa"tion dunnin5 4i"k here
i. ,e(eren"e data
j. ,e(eren"e dunnin5 'ro"edure (or teEts
<. 0usto!er ants to send the dunnin5 noti"es se'arately to (orei5n and do!esti" -endors.
&hat is the o'tion (or doin5 that#
a. dunnin5 %lo"k reasons
%. dunnin5 run
". dunnin5 areas
d. dunnin5 keys
6. 0o!'any sells 'rodu"t 7 ser-i"es. 6unnin5 in-oi"e (or ser-i"es se'arately in-oi"es (or
'rodu"ts se'arately. 4o do this hi"h di-ision is used in sa'#
a. 6unnin5 areas
%. 6unnin5 =eys
". 6unnin5 %lo"ks
d. 6unnin5 line ite!
7. In dunnin5 run i( 'ay!ent !ethod is not !at"hed ith !aster data hat ill syste! do#
a. It shos error
%. 4e!'orarily dun run sto's (or adjust!ents
". 6unnin5 run auto!ati"ally sto's
FI Question Bank
16
th
and 23
rd
july, 20
th
and 27
th
July 10.
>. &hi"h 'ay!ent !ethod has hi5h 'riority# 1In :aster data or 6o"u!ent ?ine ite!3
a. 6o"u!ent line ite!
$. &hat are the Bene(its o( ):&# )ay!ent :ediu! &ork%en"h 10hoose 3 0orre"t
;nsers3 1 all "orre"t ans are 5i-en3
a. For!ats "an %e easily "han5ed ithout !akin5 !odi(i"ations
%. 0reate ne (or!ats easily ithout any 'ro5ra!!in5
". ;ll ad-i"e notes "an %e out'ut in one 'rint (ile
d. Better sort o'tions (or ad-i"e notes
e. 4he note to 'ayee "an %e assi5ned a""ordin5 to ori5in and 'ay!ent !ethod in
"usto!iJin5
(. )er(or!an"e (or !ass 'ay!ents is i!'ro-ed
5. 1so!e other o'tions as 5i-en not the a%o-e %ene(its31likeK it is inde'endent o(
'ay!ent !ethod used, in 'ay!ent 'ro5ra! you "an !ake se-eral (or!s 1I donDt
re!e!%er eEa"tly33
10. )ro'osal list 1'a5e 33 se"ond %ook (ro! slide3 understand "on"e't.
a. )ay!ent !ethod
%. House %ank
11. 6unnin5 %lo"k in ite!s 1'a5e 78 se"ond %ook (ro! slide3 understand "on"e't
a. Blo"ked a""ounts
%. Blo"ked line ite!s
12. For eEe"utin5 ;)) hat 'ara!eters e 5i-e12
nd
%ook '5.6> (i5. 31 o'en ite! sele"tion3
a. 0o!'any "odes
%. )ay!ent !ethods
". Banks
13. &hat are the !ajor 'ro"essin5 ste's o( the 'ay!ent 'ro5ra!# 1 all "orre"t are 5i-en3
a. 0han5eo-er to ):&
%. 6e(ine ):& (or!at
". Fill note to 'ayee a""ordin5 to ori5in
d. Fnter ):& (or! a""o!'anyin5 sheet
e. ,e!o-e 'ay!ent !edia (or!
(. 0reate and assi5n sele"tion -ariants
18. &hat do you de(ine in dunnin5 'ro"edure# 1;nsI Bot sure3
a. 6unnin5 le-els and eE'enses (or ea"h le-el.
%. 6unnin5 teEts and "har5es o( ea"h le-el.
". 6unnin5 le-els and "har5es (or the "usto!ers.
d. :aEi!u! days in arrears.
Asset accounting
FI Question Bank
16
th
and 23
rd
july, 20
th
and 27
th
July 10.
1. Aour "usto!er ants to a"ti-ate 'arallel a""ountin5 in ;sset ;""ountin5 hat o'tions
you ha-e to 5i-e hi!# 0an there %e any other o'tions#
a. 6e're"iation ;rea1o'tion as like assi5n 2 de're"iation areas to 2 a''roa"hes3
2. Aour "usto!er ants to do year end "losin5 hi"h o( (olloin5 (un"tion he should
"o!'lete#
a. Balan"e 0arry Forard,
%. Fis"al Aear 4rans(er in ;sset ;""ountin5
3. &hat are the %asi" "ost a""ountin5 o%je"ts added to an asset#1only a, % as in o'tions3
a. 0ost 0enter
%. Internal order, ,eal or 2tatisti"al
". ;"ti-ity 4y'e as 'urely statisti"al in(or!ation
8. ;sset a"/uisition ty'es#
a. Inte5ration ith ;) in"o!in5 in-oi"e
%. ;uto!ati" o((settin5 entry ithout link to )ur"hase order or inte5ration ith ;)
". &ith o((set "learin5
d. ;"ti-ation o( assets in lo5isti"s
e. ;"/uisition (ro! in house 'rodu"tion
<. ;sset under "onstru"tion settle!ent on line ite! %asis.
a. 6e(ine and assi5n settle!ent 'ro(ile
%. 2ele"t all line ite!s that you ant to settle in the sa!e 'ro'ortion to the sa!e
re"ei-er
". 6e(ine distri%ution rules (or these line ite!s
d. )ost the settle!ent o( line ite!s to the s'e"i(ied re"ei-ers usin5 distri%ution rules
6. ;sset under "onstru"tion settle!ent on line ite! %asis as 1B*43 done. &hat are the
reasons#
a. not assi5n settle!ent 'ro(ile
%. ;0C is not released
7. ;t the ti!e o( 'ostin5 a"/uisition entry in ;sset ;""ountin5 hat e enter#
a. 6o"u!ent ty'e, Bo ran5e, 4ransa"tion 4y'e, B9s +? ;""ount 10hoose 33
>. &hat e do at the ti!e o( 2ettin5 u' 6e're"iation ;rea in ;sset ;""ountin5#
a. 2'e"i(y ho +9l 'ost, ;""ount 6eter!ination. 10hoose "orre"t 1 ;nser3
$. :aintenan"e le-el in the ;sset
a. ;sset "lass
%. :ain ;sset Bu!%er
". 2u% nu!%er
FI Question Bank
16
th
and 23
rd
july, 20
th
and 27
th
July 10.
10. ;4 hi"h le-el e !aintain asset "lass#
a. 0o!'any "ode le-el,
%. 0lient le-el,
". 0o!'any "ode 7 0lient le-el
d. 0lient inde'endent1this ill "on(use you in eEa!3
11. &hi"h ;""ount ;ssi5n!ent *%je"ts "an %e 'osted to asset#
a. 0ost "enter, Internal order, Fun"tional ;rea, )ro(it 0enter
12. Fis"al year "han5e 'ro5ra! 13
rd
%ookK'5.206 31"hoose 2 anser31/uestion and o'tions are
"orre"t 31ask your trainer3
a. In last 'ostin5 'eriod o( the "urrent yr.
%. )re-ious year has already %een "losed (or (inan"ial yr.
". )re-ious year has already %een "losed (or asset a""ountin5.
13. Fis"al year "han5e 'ro5ra!.1'5K207 2
nd
%ook asset a""ountin5 year end "losin53
a. 6e(ine do"u!ent ty'e
%. 0reate nu!%er ran5e inter-al
". 0reate ne do"u!ent ty'e (or the "o!'any "ode
18. ;sset "lasses and "har o( de're"iation.
1<. "ross "o!'any de're"iation area1<8 third %ook,180'a5e no3
a. I( "o!'any "odes are assi5ned to di((erent "hart o( de're"iation, the "harts !ay
"ontain di((erent de're"iation areas1di((erent keys9;rea I623 %ut ha-e sa!e
(un"tions hen this is the "ase you !ust de(ine 0,*22K 0*K 6F),F0I;4I*B
;,F; %e(ore asset trans(er
%. 006; do not ha-e their on "ontrol 'ara!eters, instead they "onsist solely o( a
=FA that is uni(or! throu5hout the "lient and a short des"ri'tion
". I( a "orres'ondin5 006; is not de(ined the syste! enters R 1asterisk3 as a 5eneri"
entry (or the "ross "o!'any areas
d. Hoe-er e should %e -ery "are(ul i( you de"ide to use 006; i( you do you
!ust de(ine 006; (or all other de're"iation areas that are trans(erred e-en i( the
de're"iation area keys are the sa!e,
16. )re re/uisites (or de're"iation run 171 third %ook,1>3 'a5e no316 'ts.3
17. asset a""ountin5 and "ontrollin5 area
1>. de're"iation areas 1(i5 $ third %ook 28 'a5e no3"on"e't ise understand
1$. 4o 'hases o( ;C0
a. 4he under "onstru"tion 'hase
%. 4he use(ul li(e 'hase
20. ;sset a""ountin5 "o!'any "ode1Fi5ure < %ook 111K'a5e 73
FI Question Bank
16
th
and 23
rd
july, 20
th
and 27
th
July 10.
a. Fa"h "o!'any "ode uses one 1o'erati-e3 "hart o( a""ounts and one "hart o(
de're"iation. the "ul!ination o( these to ill %e"o!e (inan"ial a""ountin5
"o!'any "ode S ne"essary data and in(or!ation in asset a""ountin5 resultin5 in
;22F4 ;00*CB4IB+ 0*:);:A 0*6F
%.
21. &hi"h o( the %elo s"enarios a((e"t the net -alue o( an asset.
a. &B2 ele!ent
%. 0ost "entre
". ;""ount assi5n!ent
d. Cse(ul li(e o( an asset.
FV
1. Finan"ial state!ent -ersion need to 're'are re'orts a""ordin5 to -arious "riteria
a. For 4aE authorities
%. For other eEternal users
". For internal 'ur'ose
2. Finan"ial state!ent -ersion ena%les you to "on(i5ure the re'ort (or!at to deter!ine the
(olloin5
a. Ite!s to %e in"luded and the se/uen"e and hierar"hy o( these ite!s
%. 4he teEt des"ri%in5 the ite!s
". 4he "hart o( a""ounts and the indi-idual a""ount rele-ant to the re'ort
d. 4he totals to %e dis'layed
3. Ho are the (inan"ial state!ent -ersions 1F2.3 're'ared (or di((erent "riteriaDs.
a. 6i((erent F2. (or di((erent 'ur'oses
%. 2a!e F2. (or di((erent 'ur'oses as 'er their re/uire!ent.
!" Learning
1. sa' net ea-erKsa' e% a''li"ation ser-er 12;) &FB ;23'lat(or!K 12;) &e%
;''li"ation 2er-er is the a''li"ation 'lat(or! o( 2;) Bet &ea-er3
a. ;B;),J2FF
2. 0hoose "orre"t I!'le!entation )ro"ess#
a. Final )re'aration, Business Blue'rint, )roje"t )re'aration, ,ealiJation, +o
li-e9su''ort
%. )roje"t )re'aration, ,ealiJation, Business Blue )rint, Final )re'aration, +o
li-e92u''ort
FI Question Bank
16
th
and 23
rd
july, 20
th
and 27
th
July 10.
". )roje"t )re'aration, Business Blue'rint, ,ealiJation, Final )re'aration, +o
li-e92u''ort
3. Question on stru"ture o( e% a''li"ation ser-erK le-els
a. 'resentation le-el,
%. a''li"ation le-el,
". inte5ration le-el
8. li(e "y"le 13 s"enarios3 solution !ana5er
a. *'erations,
%. o'ti!iJation,
". i!'le!entation
<. a''li"ation "ross "o!'any a''lies1eKlearnin53
a. Business arehouse
%. )ortal
". 2a' e% as
d. Ni
6. Hetero5eneous en-iron!ent1read :6:3
a. :aster data !ana5e!ent 1:6:3
7. )eo'le inte5ration, a''li"ation inte5ration, in(or!ation inte5ration and 'ro"ess
inte5ration is in the (olloin5.1"hoose 1 anser3
a. 2a' net ea-er
%. 2a' solution !an5er
". 2a' F,)
1.3 In ;)) i( the data 'ro-ided is in"orre"t (ro! here else does syste! 'i"k data (ro!#
*'tions ere like 6o"u!ent line, !aster data et"
2.3 +o throu5h .aluation ;rea
3.3 +o throu5h 6e're"iation ;rea