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80 Questions SAP FI/CO - Test 1

1.

Which of the following statements are correct?


A More than one chart of accounts can be created for each client
B The chart of accounts contains all the G/L accounts, vendor accounts and customer
accounts
C More than one company code can be allocated to the same chart of accounts
D The chart of accounts controls all the customising settings in the R/3 system
E All accounts within a chart of accounts must have the same tax code

2.

What status reports does Cash Management and forecasting include?


A. Cash management position
B. Liquidity forecast
C. Credit limit report
D. G/L account balances
E. Bill holdings

3.

Which of the following are clearing procedures in accounts receivable?


A. Incoming payment
B. Down payment request
C. Credit memo
D. Transfer posting

4.

When creating an Overhead Cost Order, the first order information which must be
entered is:
A. Order status
B. Order type
C. Settlement type
D. Curreny
E. Classification code

5.

When creating an Overhead Cost Order, the settlement rule must be entered in the
control data.
Which settlement receivers are available for internal orders?
A. Cost center
B. Orders
C. General ledger accounts
D. Asset
E. Vendor

6.

In Controlling, a distinction is made between master data, planning, actual data and the
information system.
Which of the following master data belongs to Controlling?
A. G/L account
B. Work center
C. Cost center
D. Activity type
E. Supplier

7.

Withing Overhead Cost Controlling activities are calculated. A Sender/Receiver


relationship exists. However, not all Sender/Receiver combinations are allowed.
Which of the following combinations make business sense?
A. Sender. Cost Center, Order, Project
Receiver. Cost Center, Order, Project
B. Sender. Order
Receiver. Cost Center, Project
C. Sender. Cost Center
Receiver. Cost Center, Order, Project, Cost Object

8.

Period closing activities are also performed in Controlling. This is dependent on certain
prerequisites. Which of the following are MINIMUM criteria before it makes sense to
carry out period closing?
A. The posting period has been closed.
B. Materials have been withdrawn.
C. Personnel costs have been incurred.
D. Overhead has been incurred.
E. An order was closed.

10.

which of the following statements are correct? (Note: we can have more than
one correct sentence
A More than one chart of accounts can be created for each client.
B The chart of accounts contains all the G/L accounts, vendor accounts and
customer accounts
C More than one company code can be allocated to the same chart of
accounts
D The chart of accounts controls all the customising settings in the R/3
system
E All accounts within a chart of accounts must have the same tax code

11.

Which of the following questions resemble SAP Product strategy?


A.
B.
C.
D.
E.

12.

Which option shows how SAP has evolved overtime?


A.
B.
C.
D.

13.

Change with the business


Expand with technology
Extend instead of replace
MySAP Business Suite
SAP Netweaver

ERP, Inter-Enterprise Cooperation, Collaborative Business


SAP.COM, SAP Business Suite , Internet
Inter-Enterprise Cooperation, ERP, Collaborative Business
Cost Reduction, Value creation , Cooperation

SAP offers a total of industry solutions?

A.
B.
C.
D.
E.
14.

SAP Net- Weaver is an open scalable infrastructure that allows integration of


heterogeneous environments? It includes the following components?
A.
B.
C.
D.
E.

15.

SAP Web application server


Portal Infrastructure
Exchange Infrastructures
Customer Service Network
Information Integration

SAP Customer Service Network includes?


A.
B.
C.
D.
E.

16.

21
22
23
10
6

Business Solution Consulting


Training
Support
Technical Implementation and Optimizations
Reversal Documents

SAP NetWeaver allows integration with other environments on the following


levels
A. Business level
B. Process Level
C User Level
D. Information Level

17.

Which of the following is a component of SAP Business Information


Warehouse? (Note: we can have more than one correct sentence
A. Basis Component.
B. Business Information Collection.
C. Industry solutions.
D. Document Principle.
E. All of the above

18.

The company code is the highest level in the my SAP ERP Financial system
hierarchy and each company code is an independent unit with separate
master records and tables?
A True
B False

19.

Business Areas are used for internal purposes and represents separate areas
of operations within an organization. The use of business areas is optional?
A True
B False

20.

The Country installation program is used to create a company code for a


country that has a country template defined?
A True
B False

21.

The variant principle is a three step method used is R/3 to assign properties
to one or more objects. The following are valid examples except?
A Posting Period variant
B Fiscal year variant
C Field Status variant
D Shortened Fiscal Year variant

22.

To reduce the amount of maintenance required for exchange rates, different


tools can used , Which of the following are tools used in SAP? (Note: we can
have more than one correct sentence
A. Inversion.
B. Exchange rate spread
C. Base Currency
D. Translation Ratios

23.

Assuming our local currency is MUR which of the following represents


exchange rate indirect quotation?
A. 1 USD = 27 MUR
B. 27 MUR = 1 USD

C. 1 MUR = 27 USD
D. All of the above

24.

A company code is:


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.
d) [ ] a dependent accounting entity, according to Fiscal Year.
e) [ ] the highest level in the R/3 system hierarchy.

25.

Consider the following sentences:


7.1. The variant principle is a three-step method used in R/3 to assign special
properties to one or more R/3 objects.
7.2. 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.
7.3. For using the variant principle, you must define the variant, populate it
with values and assign it to the R/3 objects.
7.4. This principle is used for Fiscal Years, Posting Periods and so on.
Which of them is false?
a) [ ] 7.1 and 7.2.
b) [ ] 7.1 and 7.3.
c) [ ] 7.1.
d) [ ] 7.2.
e) [ ] 7.3.

26.

Consider the following sentences:


8.1. A fiscal year has to be defined by means of separating business
transactions into different periods.
8.2. 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.
8.3. The Fiscal Year variant only defines the amount of periods and their
start and finish dates.
8.4. The Fiscal Year is defined as a variant, which is assigned to the chart of
accounts.

Which of them are true?


a) [
b) [
c) [
d) [
e) [
27.

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)?
a) [
b) [
c) [
d) [
e) [

28.

] 8.1 and 8.2.


] 8.1 and 8.3.
] 8.2 and 8.3.
] 8.2 and 8.4.
] 8.3 and 8.4.

] Chart of Accounts.
] G/L Accounts.
] Vendor.
] Customer.
] Asset.

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)?
a) [
b) [
c) [
d) [
e) [

] Description.
] Maintenance language.
] Length of the company code.
] Length of the G/L account number.
] Blocking / unblocking chart of accounts.

29.

Every company code that needs to use an account from the assigned chart of
accounts has to create its own company code segment.
a) [ ] True b) [ ] False

30.

During year end for P+L statement accounts, the balance is carried forward
to the same account.
a) [ ] True b) [ ] False

31.

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.
a) [ ] True b) [ ] False

32.

Number intervals for G/L account master records can overlap.


a) [ ] True b) [ ] False

33.

It is not possible to influence the appearance of an accounts master data.


a) [ ] True b) [ ] False

34.

Consider the following sentences about field status:


34.1. Fields which are _____________ can be ____________.
34.2. 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) [
b) [
c) [
d) [
e) [

35.

] used/supressed for 34.1; must be changed/display for 34.2.


] not used/supressed for 34.1; must be changed/display for 34.2.
] not used/optional for 34.1; should not be changed/supressed for 34.2.
] not used/supressed for 34.1; should not be changed /display for 34.2.
] used/optional for 34.1; must be changed/display for 34.2.

Consider the following sentences about field status:


35.1. Fields which _____________ can be made ____________.
35.2. 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) [
b) [
c) [
d) [
e) [

36.

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):
a) [
b) [
c) [
d) [
e) [

37.

] must not have an entry/optional for 35.1; suppresed for 35.2.


] must have an entry/supressed for 35.1; suppresed for 35.2.
] must have an entry/optional for 35.1; optional for 35.2.
] must have an entry/required for 35.1; optional for 35.2.
] must not have an entry/required for 35.1; optional for 35.2.

] Bank Clearing
] Reconciliation.
] Revenue.
] Material Stock.
] Tax.

Consider the following statements:


37.1. Accounts with open item management must have line item display
activated.
37.2. You can activate or deactivate open item management everytime, even if
the account hasnt a zero balance.

37.3. You can select both local and foreign currencies as account currency.
37.4. If the account is the local currency, the account can only be posted to
this currency.
37.5. 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)?
a) [ ] 37.1.
b) [ ] 37.2.
c) [ ] 37.3.
d) [ ] 37.4.
e) [ ] 37.5.
38.

The Only Balances in Local Currency indicator must not be set in


reconciliation accounts for customers or vendors.
a) [ ] True. b) [ ] False.

39.

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.
a) [ ] True. b) [ ] False.

40.

Accounts with a foreign currency as an account currency can be posted to


any currency.
a) [ ] True. b) [ ] False.

41.

You can use a group chart of accounts for internal purposes.


a) [ ] True. b) [ ] False.

42.

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
acounts segment of the operational account.

43.

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)?
a) [
b) [
c) [
d) [
e) [

44.

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)?
a) [
b) [
c) [
d) [
e) [

45.

] Client.
] Company Code.
] Controlling Area.
] Sales Area.
] Purchasing Organization.

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)?
a) [
b) [
c) [
d) [
e) [

46.

] Client.
] Company Code.
] Controlling Area.
] Sales Area.
] Purchasing Organization.

] Line Item Display.


] Company Code.
] Currency.
] Open Item Management.
] Purchasing Organization.

Consider the following statements:


46.1. Number ranges for customer/vendor accounts can overlap.
46.2. A one-time account is a special customer/vendor master record used for
once off customer/vendor transactions.
46.3. The account group is used to control the fields status during master
record maintenance
46.4. If you enter an alternative payer, the amount to clear the open items
due in the account is paid by the alternative payer.
46.5. One number range can only be assigned to one account group.
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)?
a) [ ] 46.1.
b) [ ] 46.2.

c) [ ] 46.3.
d) [ ] 46.4.
e) [ ] 46.5.
47.

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.
a) [ ] True. b) [ ] False.

48.

Banks that are used by your company are defined as house banks.
a) [ ] True. b) [ ] False.

49.

You cannot create bank master data when entering bank information in the
customer or vendor master record.
a) [ ] True. b) [ ] False.

50.

Bank Account and G/L Account are the same master data object.
a) [ ] True. b) [ ] False.

51.

Customers that use the lockbox function can create a batch input session
that automatically updates customer banking information in the master
record.
a) [ ] True. b) [ ] False.

52.

Consider the following statements:


52.1. The system can assign the document numbers or the user can assign
the number during document entry.
52.2. A business transaction creates only one document.
52.3. Document types are defined at company code level.
52.4. One number range can be assigned to more than one document type.
52.5. Document types also define whether invoices are posted with the net
procedure.
Choose the correct option:
a) [
b) [
c) [
d) [
e) [

53.

] 52.1, 52.4 and 52.5 are correct.


] 52.2, 52.4 and 52.5 are correct.
] 52.3, 52.4 and 52.5 are correct.
] 52.1, 52.3 and 52.4 are correct.
] 52.1, 52.2 and 52.5 are correct.

Consider the following statements:


53.1. A company code must be assigned to a posting period variant to have
the control for posting periods.

53.2.+ symbol represents all account types in the posting period customizing
screen.
53.3. The Closing and opening of period can be done only from the
application
53.4. The maximum amounts are defined per company code in tolerance
groups.
53.5. It is not possible to assign tolerance groups to user logon IDs.
Choose the correct option:
a) [
b) [
c) [
d) [
e) [
54.

What fields of a FI Document Header section can be changed after a


document has already been posted (Note: we can have more than one correct
sentence. Please select the sentences you think they are correct)?
a) [
b) [
c) [
d) [
e) [

55.

] 53.1, 53.4 and 53.5 are correct.


] 53.2, 53.4 and 53.5 are correct.
] 53.3, 53.4 and 53.5 are correct.
] 53.1, 53.2 and 53.4 are correct.
] 53.1, 53.2 and 53.5 are correct.

] Fiscal Year.
] Reference Number.
] Text fields.
] Header text.
] Posting date.

What are the prerequisites to enable negative postings (Note: we can have
more than one correct sentence. Please select the sentences you think they are
correct)?
a) [ ] You have to define reversal reasons for negative reversal.
b) [ ] You have to ensure company code permits negative postings.
c) [ ] You have to define the document type that explicitly allows negative
postings.
d) [ ] You have to use cleared items.
e) [ ] You have to reset cleared items.

56.

If you desire to post manual tax postings, you have to flag the Post
Automatically Only field of the account master record.
a) [ ] True. b) [ ] False.

57.

Which of the following statements are correct?


A.
B.

More than one chart of accounts can be created for each client
The chart of accounts contains all the G/L accounts, vendor accounts

and customer accounts


C.
More than one company code can be allocated to the same chart of
accounts
D.
The chart of accounts controls all the customising settings in the R/3
system
E.
All accounts within a chart of accounts must have the same tax code

58.

What status reports does Cash Management and forecasting include?


A. Cash management position
B. Liquidity forecast
C. Credit limit report
D. G/L account balances
E. Bill holdings

59.

Which of the following are clearing procedures in accounts receivable?


A. Incoming payment
B. Down payment request
C. Credit memo
D. Transfer posting

60.
When creating an Overhead Cost Order, the first order information which
must be entered is:
A. Order status
B. Order type
C. Settlement type
D. Curreny
E. Classification code
61.
When creating an Overhead Cost Order, the settlement rule must be entered
in the control data.
Which settlement receivers are available for internal orders?
A. Cost center
B. Orders
C. General ledger accounts
D. Asset
E. Vendor
62.
In Controlling, a distinction is made between master data, planning, actual
data and the information system.
Which of the following master data belongs to Controlling?

A. G/L account
B. Work center
C. Cost center
D. Activity type
E. Supplier
63.
Withing Overhead Cost Controlling activities are calculated. A
Sender/Receiver relationship exists. However, not all Sender/Receiver combinations
are allowed.
Which of the following combinations make business sense?
A. Sender. Cost Center, Order, Project
Receiver. Cost Center, Order, Project
B. Sender. Order
Receiver. Cost Center, Project
C. Sender. Cost Center
Receiver. Cost Center, Order, Project, Cost Object
64.
Period closing activities are also performed in Controlling. This is dependent
on certain prerequisites. Which of the following are MINIMUM criteria before it
makes sense to carry out period closing?
A. The posting period has been closed.
B. Materials have been withdrawn.
C. Personnel costs have been incurred.
D. Overhead has been incurred.
E. An order was closed.
65.
Which of the following statements are correct? (Note: we can have more
than one correct sentence
A More than one chart of accounts can be created for each client.
B The chart of accounts contains all the G/L accounts, vendor accounts and
customer accounts
C More than one company code can be allocated to the same chart of
accounts
D The chart of accounts controls all the customising settings in the R/3
system
E All accounts within a chart of accounts must have the same tax code
66.

Which of the following questions resemble SAP Product strategy?


A. Change with the business
B. Expand with technology
C. Extend instead of replace

D. MySAP Business Suite


E. SAP Netweaver
67.

Which option shows how SAP has evolved overtime?


A.
B.
C.
D.

68.

ERP, Inter-Enterprise Cooperation, Collaborative Business


SAP.COM, SAP Business Suite , Internet
Inter-Enterprise Cooperation, ERP, Collaborative Business
Cost Reduction, Value creation , Cooperation

SAP offers a total of industry solutions?


A.
B.
C.
D.
E.

21
22
23
10
6

69.
SAP Net- Weaver is an open scalable infrastructure that allows integration of
heterogeneous environments? It includes the following components?
A.
B.
C.
D.
E.
70.

SAP Web application server


Portal Infrastructure
Exchange Infrastructures
Customer Service Network
Information Integration

SAP Customer Service Network includes?


A.
B.
C.
D.
E.

Business Solution Consulting


Training
Support
Technical Implementation and Optimizations
Reversal Documents

71.
SAP NetWeaver allows integration with other environments on the following
levels
A. Business level
B. Process Level
C User Level
D. Information Level
72.
Which of the following is a component of SAP Business Information
Warehouse? (Note: we can have more than one correct sentence)

A. Basis Component.
B. Business Information Collection.
C. Industry solutions.
D. Document Principle.
E. All of the above
73.
The company code is the highest level in the mySAP ERP Financial system
hierarchy and each company code is an independent unit with separate master
records and tables?
A True
B False
74.
Business Areas are used for internal purposes and represents separate areas
of operations within an organization. The use of business areas is optional?
A True
B False
75.
The Country installation program is used to create a company code for a
country that has a country template defined?
A True
B False
76.
The variant principle is a three step method used is R/3 to assign properties
to one or more objects. The following are valid examples except?
A Posting Period variant
B Fiscal year variant
C Field Status variant
D Shortened Fiscal Year variant
77.
To reduce the amount of maintenance required for exchange rates, different
tools can used , Which of the following are tools used in SAP? (Note: we can have
more than one correct sentence
A. Inversion.
B. Exchange rate spread

C. Base Currency
D. Translation Ratios
78.
Assuming our local currency is MUR which of the following represents
exchange rate indirect quotation?
A.
B.
C.
D.
79.

1 USD = 27 MUR
27 MUR = 1 USD
1 MUR = 27 USD
All of the above

A company code is:


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.
d) [ ] a dependent accounting entity, according to Fiscal Year.
e) [ ] the highest level in the R/3 system hierarchy.

80.

Consider the following sentences:


80.1. The variant principle is a three-step method used in R/3 to assign
special properties to one or more R/3 objects.
80.2. 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.
80.3. For using the variant principle, you must define the variant, populate it
with values and assign it to the R/3 objects.
80.4. This principle is used for Fiscal Years, Posting Periods and so on.
Which of them is false?
a) [ ] 80.1 and 80.2.
b) [ ] 80.1 and 80.3.
c) [ ] 80.1.
d) [ ] 80.2.
e) [ ] 80.3.

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