80 Questions SAP FI/CO - Test 5

When posting a new document by referencing an existing document for a vendor, you
have the option to:
A.
B.
C.
D.

The date to which the terms of payment applies is called the

A.
B.
C.
D.
E.

Creates payment lists and logs

Generates vendor statements
Creates payment transfer media
Creates payment documents
Prints dunning letters

What is the function of the payment program?

A.
B.
C.
D.
E.

Due date
Payment date
Document date
Baseline date
Posting date

The payment program does the following..

A.
B.
C.
D.
E.

Enter general ledger line items

Generate a new company code
Generate a reversal document
Have no amounts defaulted

Automatically selects all stock to return

Automatically selects the open items to be paid and displays the exceptions
Create no logs, just a list of payments
Create payment documents and payment transfer media
You can edit the payment proposal before the actual payment run

The GR/IR account records

A.
B.
C.
D.
E.

Goods received which have not been cleared

Goods received which have not been invoiced
Goods invoiced which have not been paid
Goods invoiced which have not been received
Goods invoiced which have not been authorized

Invoice verification tasks include

A.
B.
C.
D.
E.

Checking invoices that were blocked because they varied from the purchase order
Executing the account postings resulting from an invoice
Updating the vendor master record
Clearing the vendor account
Checking purchase order data

What is the step that follows Goods receipt and inventory management in the
procurement cycle?
A.
B.
C.
D.
E.

Name the main areas that a vendor master record consist of..
A.
B.
C.
D.
E.

Payment
Order processing
Invoice verification
Creation of a purchase order
Order follow-up

Reconciliation data
General data
Accounting data
Purchasing data
Payment data

An incoming invoice can be posted with reference to a

A.
B.
C.
D.
E.

10

Goods receipt
Purchase order
Cost center
Vendor
Invoice

Which of the following functions or processes is part of the payment process?

A.
B.
C.
D.
E.

Open invoices are analyzed for due date

Payments are approved and/or modified
Invoices are entered
Invoices are paid
Invoices due for payment are prepared for review

11

The payment program should be processed in a specific sequence. Which one of the
following sequences is correct? (one answer)
A. Maintaining parameters > Edit the proposal > Schedule the proposal > Schedule
payments > Schedule the printout > Enter the run date and identification fields
B. Enter the run date and identification fields > Maintaining parameters > Edit the
proposal > Schedule the proposal > Schedule payments > Schedule the printout
C. Enter the run date and identification fields > Maintaining parameters > Schedule
the proposal > Edit the proposal > Schedule the printout > Schedule payments
D. Enter the run date and identification fields > Maintaining parameters >
Schedule the proposal > Edit the proposal > Schedule payments > Schedule the
printout
E. Enter the run date and identification fields > Maintaining parameters > Schedule
the proposal > Schedule the printout > Schedule payments

12

Your client complains that the payment program doesnt work effectively. After
investigation you determine that they did not know about the exception list that is
created by the payment program? Explain to your client what some of the possible
reasons can be for items to appear on the exception list.
A. The invoice could be blocked for payment.
B. There may be invalid data in the master record of the vendor.
C. The minimum amount specified for payment in the program could be less than the
payment amount.
D. There may not be enough money in the house bank as configured in the payment
program.
E. The vendor account could be blocked for payment.

13

Which ways could be used to pay an invoice in SAP R/3?

A. The automatic payment program can be used to make payments
automatically.
B. The dunning program can be used to reverse incorrect debits and pay the invoice
automatically.
C. The post outgoing payments transaction can be used to make manual
payments.
D. The payment with printout transaction can be used to make manual payments
and to create the printed checks automatically.
E. The post outgoing payments transaction can be used to make manual
payments, and the manually created check can then later be linked to the
payment document.

14

The payment program does the following..

A.
B.
C.
D.
E.

15

Master data within Cost Center accounting is made up of which components?

A.
B.
C.
D.

16

Cost Elements
Cost Centers
Activity types
Statistical key figures

What is the relationship between the Controlling area and the operating concern?
A.
B.
C.
D.
E.

17

Both one to many and many to one, but not many to many
One Company code to many controlling areas
Many to many
Many Company codes to one controlling area
One to one

When a cost center is created, certain basic data must be entered. Which of the
following assignments are needed when creating a cost center master record?
A.
B.
C.
D.
E.

19

Both one to many and many to one, but not many to many
More than one operating concern per controlling area
Many to many
One to one
Many controlling areas to one operating concern

What is the relationship between company codes and Controlling areas?

A.
B.
C.
D.
E.

18

Creates payment lists and logs

Generates vendor statements
Creates payment transfer media
Creates payment documents
Prints dunning letters

Assignment to controlling area

Assignment to company code
Hierarchy area
Assignment to cost element
Validity period

How can cost centers be linked together into structures?

A.
B.
C.
D.
E.

Key figures
Hierarchies
Work lists
Account assignment models
Groups

20

What does the standard cost center hierarchy in CO describe?

A.
B.
C.
D.
E.

21

What identifies an independent organizational element within a company for which

costs and revenues are calculated?
A.
B.
C.
D.
E.

22

One period
One month
One financial year
One fiscal year
Unlimited

What establishes the link between CO and the actual postings to a G/L account?
A.
B.
C.
D.
E.

24

Control group
Cost center
Business area
Controlling area
Company code

What is the maximum life span of a cost center?

A.
B.
C.
D.
E.

23

The company structure

A cost centers location
A list of cost center users
The responsibility level of a cost center in the controlling area structure
Changes made to cost center master records

The posting date

Alternative Chart of accounts
Primary cost element
Secondary cost element
The group chart of accounts

Which of the following are master data in Controlling?

A.
B.
C.
D.
E.

Cost centers
Activity allocation
Cost center groups
Statistical key figures
Cost elements

25

Which of the following statements regarding distribution and assessments in CO are

true?
A. Costs on cost centers can be settled with an assessment cycle using secondary
cost elements.
B. A distribution cycle can be used to settle primary and secondary costs that have
been posted against a cost center.
C. Costs on cost centers are settled with a distribution cycle using secondary cost
elements.
D. A distribution cycle can be used to settle only primary costs that have been
posted against a cost center.
E. The difference between a distribution cycle and periodic reposting is that the
distribution cycle settles primary and secondary costs, while the periodic reposting
program only settles primary costs.

26

Name the planning areas in Cost center accounting

A.
B.
C.
D.
E.

27

Cost element/activity inputs planning

Hierarchies
Statistical postings
Activity types/activity prices
Statistical key figures

You client uses the function to see commitments created against Cost Centers, but
they are experiencing problems. What advice can you give them in order for
commitment accounting to work effectively? You also need to explain the
commitment process?
A. The must ensure that commitment management is activated in the controlling
area.
B. They should check that the period lock in the individual cost centers is not
activated.
C. The commitment item is created in the cost center once a goods receipt is created in
the system.
D. The commitment can also be created once the purchase requisition is entered
in the system.
E. The commitment is cancelled once a purchase order for the full commitment
amount is created against the original goods receipt.

28

Which of the following statements about Coding Blocks are true?

A. The coding block defines all fields used in a transaction or a specific function in
SAP.
B. You can add additional fields not covered by the standard SAP system to a coding
block.
C. You can add up to a maximum of 10 additional coding blocks to the standard system.
D. The additional coding blocks can only be used in the FI General Ledger and the FI-SL
database.
E. An additional field can be defined in a subscreen that is linked to the main screen
of the coding block where the new field should be defined.

29

Which of the following statements regarding standard ledgers and special purpose
ledgers are true?
A. Special purpose ledgers are user-defined ledgers that can be maintained in the FISL application using any account assignments as general ledgers or subledgers.
B. Standard ledgers are configured and delivered by SAP.
C. General ledger and profit centers are examples of standard ledgers.
D. Accounting values in user-defined account assignments can be stored as summary
and line items tables for reporting purposes in FI-SL.
E. Additional processing functions that can be done in FI-SL include planning, rollup
and balance carry forward.

30

Which of the following statements correctly describe characteristics and key figures
used in FI-SL?
A. A characteristic is equal to a standard field used by SAP, such as account number
and company code fields.
B. A characteristic field can be added to the standard SAP system by linking the
characteristic field to the coding block.
C. You are only allowed to use the local transaction currency and document currency fields
in FI-SL.
D. The key figures describe the key fields that can be added to the standard SAP system, for
use in FI-SL.
E. Key figure fields contain information such amounts and quantities.

31

Which of the following statements correctly describe an FI-SL table group and its
components?
A. A table group is a group of key figure tables used in FI-SL for reporting purposes.
B. A table group consists of object tables, line item tables and a summary table.
C. The summary tables are divided into a plan summary table and an actual summary
table.
D. The line item tables are divided into a plan line item table and an actual line
item table.
E. Line item tables store the document information for the totals stored in the
summary table.

32

Which of the following statements regarding the FI-SL environment are true?
A. The ledger manager program processes all data that enters the FI-SL system.
B. A company code can be assigned to one or more than one ledger.
C. The subdivision of data into ledgers enables you to simultaneously store data at
various levels of detail.
D. The organizational unit Company ID is linked to local ledgers.
E. A control report and a posting test are examples of customizing tools that can be
used to check your FI-SL master data settings.

33

The following are some of the reasons why you may want to make adjustment
postings in FI-SL.
A. You want to post statistical values to a specific special ledger.
B. The document should only be entered directly in the special ledger.
C. You want to manually enter the amounts for the additional currencies in the special
ledger.
D. You want to post a document to FI-SL versions, other than those that receive
postings directly from application modules such as FI and MM.
E. You want to post information directly in the coding block of the FI-SL.

34

Which of the following statements regarding validations and substitutions created in

FI-SL are correct?
A. A validation consists of three parts namely a prerequisite, a check and a
message.
B. A substitution rule allows you to define your own individual checks for specific
fields when a business transaction is being processed.
C. Validations and substitutions defined in FI-SL control only direct postings to
the special ledgers.
D. A function called the formula builder can be used to assist the user in creating
the formulas used in validation and substitution rules.
E. A validation and substitution rule must be saved in the system before it can be used.

35

Which of the following statements regarding sets and variables used in FI-SL are
true?
A. A set is a flexible data structure used to represent values, ranges of values and
hierarchies, and is maintained centrally in the system.
B. A basic set contains several values that use the same characteristics.
C. A multi dimension set combines basic sets and other single dimension sets.
D. A single dimension set combines basic sets and other single dimension sets.
E. Variables provide the user with added flexibility in selecting input parameters in
some applications.

36

Which statements are true?

A.
B.
C.
D.
E.

37

Which of the following are organizational elements?

A.
B.
C.
D.
E.

38

A chart of accounts:
can be allocated to multiple company codes
can be defined as the group chart of accounts
only contains definitions for G/L accounts
can only be allocated to one company code

Cost centers
Operating concern
Credit control areas
WBS elements
Plants

Which of the following statements regarding the Fiscal year is true?

A.
B.
C.
D.

The Fiscal year can be defined as Year-independent

The Fiscal year can be defined as Year-dependent
The Fiscal year can contain twelve posting periods and five special periods
When a document is posted in the last normal posting period, the transaction may
be posted to any one of the special periods
E. You are only allowed to use the standard fiscal year variants that are already defined in
the system
39

Which of the following statements regarding company codes are true?

A. The fiscal year is a component of the company code global parameters
B. The address data in the company code is required for correspondence and is
recorded on evaluation reports
C. The language key is an optional setting to determine the chart of accounts language that
will be used by the company code
D. The foreign country keys in the company code specify the foreign countries with which
the company will work
E. The country key in the company code specifies which country is to be regarded as
the home country

40

Which of the following statements regarding organizational structures in SAP are

true?
A.
B.
C.
D.

The highest-level element of all organizational units is the client

More than one client can be linked to a single company code
More than one plant can be linked to a single company code
A company code should be linked to a chart of depreciation before you can use any
general ledger accounts in the company code
E. A single chart of accounts can be linked to more than one company code

41

Which of the following statements regarding company codes are true?

A. The fiscal year is a component of the company code global parameters
B. The address data in the company code is required for correspondence and is
recorded on evaluation reports
C. The language key is an optional setting to determine the chart of accounts language that
will be used by the company code
D. The foreign country keys in the company code specify the foreign countries with which
the company will work
E. The country key in the company code specifies which country is to be regarded as
the home country

42

Which of the following are master data records?

A.
B.
C.
D.
E.

43

An account in the chart of accounts

GL codes
A cost center
A vendor account
A reference document

What are the structures of data within a GL account?

A.
B.
C.
D.
E.

Work lists
Company code segment
GL account groups
Chart of accounts segment
Profitability segment

44

A new vendor and customer master record can be created as follows:

A. By completing the vendor/customer number, company code and account posting key in
the create vendor/customer transaction
B. By completing only the company code and account group fields in the create
vendor/customer transaction
C. By referencing the new account to an existing vendor/customer account
D. By referencing the new account to an existing account group
E. By completing the vendor/customer number, company code and account group fields in
the create vendor/customer transaction

45

The field status and screen layout of the vendor/customer master data screens can be
affected by the following factors:
A. It can be controlled according to the account group
B. It can be controlled by using different reconciliation account types
C. It can be different depending on the master data transactions that is used namely
create, change and display
D. It can be controlled according to the company code
E. It can be controlled by selecting the automatic field duplication setting

46

What does an account group control?

A.
B.
C.
D.
E.

47

Alphanumeric numbering
The field status of the master records
The number ranges of the accounts
The reconciliation account determination of the master records
If the account is a one-time customer or vendor

Which of the following statements are true about all master records?
A.
B.
C.
D.
E.

48

Referred to as documents in SAP R/3

Contain data that controls how transaction data is posted
Remain in the system for an extended period of time
Records with a limited life within SAP R/3
Consist of a Chart of Accounts segment and a Company code segment

A complete customer account consists of the following three segments:

A.
B.
C.
D.
E.

Purchasing organization data

General data
Dunning data
Sales organization data
Company code data

49

The following settings and functions influences the dual control principle whereby an
authorized user should confirm changes to customer and vendor master records:
A. The account group controls the sensitive field settings
B. The sensitive fields for dual control should be defined in the vendor/customer master
record
C. The sensitive fields for dual control should be defined in the IMG
D. The vendor/customer account is blocked for payment if a sensitive field is changed,
until an authorized person confirms the changes
E. Only the line items in the vendor/customer account is blocked for payment if a sensitive
field is changed, until an authorized person confirms the changes

50

Which one of the following statements is correct? (one answer)

A. A G/L account consists of a chart of accounts segment and one or more company
code segments.
B. The account group controls the screen layout of the chart of accounts segment
C. All G/L accounts must have a tax indicator
D. You can post directly to reconciliation accounts
E. The account currency is stored in the chart of accounts segment of the G/L account

51

Which of the following statements is correct?

A. The G/L account names for house banks must match the names given to the house bank
in the bank directory.
B. The G/L account names for house banks are user-definable.
C. The G/L account names for house banks could be the bank name and account
number.
D. The G/L account names for house banks are defined in the chart of accounts.
E. At company code level, G/L account names for house banks can be different from those
in the chart of accounts.

52

Which GL accounts collectively represent the theoretical value of a Companys Bank

account in SAP R/3?
A.
B.
C.
D.
E.

Main bank account (eg. 113100)

Checks issued account
Debtors reconciliation account
Checks received account
GR/IR account

53

Name the main areas that a vendor master record consist of..
A.
B.
C.
D.
E.

54

How does customer and vendor accounts (sub ledgers) link into the chart of accounts?
A.
B.
C.
D.
E.

55

By using Account assignment models

By the use of reconciliation accounts
Statistical key figures
Activity types
GL fast entry screens

What are the types of data in a customer master record?

A.
B.
C.
D.
E.

56

Reconciliation data
General data
Accounting data
Purchasing data
Payment data

Pricing
General
Line item
Currency
Company code

A company, which implemented SAP R/3, contacts you to help them solve a problem
with creating a link to their bank account in the system. Which of the following
processes is necessary to ensure that the new house bank would work correctly?
A. The bank master data must be created in the bank directory
B. The bank must be defined as a house bank by creating a house bank key and an
account ID, and linking the bank country and bank key to the house bank data
C. The relevant G/L account number for the main bank account, which will be used for the
house bank, must be defined in the customer/vendor master record
D. The house bank key and the account ID must be defined in the G/L account master
record, which will represent this house bank in the general ledger
E. If the house bank is not defined in the relevant G/L account master record, the house bank
information should be entered each time a transaction is posted to this G/L account

57

Which of the following statements regarding currencies are true?

A. Group currency and Hard currency are examples of parallel currencies that are
allowed in the SAP R/3 system
B. The SAP R/3 system can manage a maximum of five currencies simultaneously
C. Accounts are automatically updated with the document currency and the local
currency, even if parallel currencies have not been defined
D. You are allowed to define a maximum of two parallel currencies in the system
E. If the currency in an account is defined as the local currency, postings to the account
can be made in any currency

58.

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

59.

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

60.

Which of the following are clearing procedures in accounts receivable?

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

61.
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
62.
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
63.
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
64.
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
65.
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.
66.
You cannot create bank master data when entering bank information in the
customer or vendor master record.
a) [ ] True. b) [ ] False.
67.

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

68.
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.
69.

What is the purpose of the terms of payment (Please choose the correct sentence)?
a)
b)
c)
d)
e)

[
[
[
[
[

] Calculate a cash discount and invoice due date.

] Calculate the tax amounts.
] Enable the cross-company code transactions.
] Define the baseline date.
] Calculate only the required conditions for SD invoices.

70.
SAP supports tax on sales and purchases, US sales tax, additional taxes and
withholding tax as tax systems for different countries.
a) [ ] True. b) [ ] False.
71.

Only national level of taxation is allowed in the R/3 system.

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

72.
A tax calculation procedure is assigned to every company code for carrying out tax
calculations.
a) [ ] True. b) [ ] False.
73.
A jurisdiction code is a combination of the codes of tax authorities that tax
movements of goods and use their own tax rates.
a) [ ] True. b) [ ] False.
74.

Benefits of Organizational Structure in SAP R/3 are

a. Flexibility to reflect complex organizational structure.
b. Data entry during creation of a transaction is minimized.
c. Possibility to consider future changes in organizational structure.
d. Separation of data into different functional modules

76.

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
77.

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

78.

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

79.
SAP Net- Weaver is an open scalable infrastructure that allows integration of
heterogeneous environments? It includes the following components?
A.
B.
C.
D.
E.
80.

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