Date 18th June 2003

Questions
1. What is the sequence to be followed for creation of a Secondary cost element?
a)
b)
c)
d)

Cost Element to be created before G/L Account

G/L account to be created before Cost element
Both can be created parallel
None of the above

2. Which CO master data has a direct link with other CO master data?
a) Statistical Key figures
b) Activity Type
c) Cost Center
3. Which of the following CO master data allows you to link to a statistical CO
object during creation?
a)
b)
c)
d)

Statistical key figures

Activity type
Cost center
None of the above

4. What is the difference between assessment and distribution?

a) Both mean the same
b) Assessment is done periodically and distribution whenever required
c) Assessment uses secondary cost elements for distribution while
distribution uses primary cost elements
d) None of the above
5. Which cost allocation method uses primary cost elements?
a)
b)
c)
d)

Assessment
Distribution
Statistical Key figures
None of the above

6. CO tool period lock can be used to block transactions

a)
b)
c)
d)
e)

at a Controlling area level only

at Controlling area, fiscal year level only
at Controlling area , Fiscal year, Version level only
at Controlling area , Fiscal year, Version, Plan/Actual level only
At all the above levels

7. If I assign two CO objects and always taken as Statistical what is the case?
a)
b)
c)
d)
e)

Expenses booking
Assessment cycles
Plan reconciliation
Activity price calculation
Revenue element booking.

8. Which of the following is not a part of period end closing for Actual s in CCA?
a)
b)
c)
d)
e)

Distribution
Assessment
Splitting
Re-posting line items
Activity price calculation

9. Which CCA tool is essential for CCA period end closing?

a)
b)
c)
d)
e)

Archiving
Summarisation
Period lock
All the above
None of the above

10. Statistical postings means?

a)
b)
c)
d)
e)
f)

All profit center posting

Product Costing
Profitability analysis
Activity posting
All the above
None of the above

11. Can a revenue cost element be posted to a cost center?

a) Real postings can be made
b) Statistical postings can be made
c) No postings can be made
12. Can many cost centers produce same activity?
a) Yes
b) No
c) Occasionally

13. Can a cost center produce many activities?

a) Yes
b) No
c) Occasionally
14. Is there a difference between planning and budgeting for cost centers?
a) No, both are the same
b) Yes Two are different process

15. Balance in a Activity secondary Cost element is

a)
b)
c)
d)
e)

Actual debit minus actual credit

Only Credit balance
Only Debit balance
Definitely Nil balance
Foolish question

16. Out of the following which function controls the type of transactions in an
Internal Order
a)
b)
c)
d)
e)

Cost element
Cost Center type
Status of Order
Profit center definition
Period lock

17. Internal order definition of settlement structure is

a)
b)
c)
d)

At Settlement rule definition at Order level

Settlement rule at period end closing
Settlement profile
At order type level

18. Profitabilty Analysis highest object is

a)
b)
c)
d)

Controlling area
Operating concern
Heirarchy
None of the above

19. Manual correction to the entries are possible in

a) FI through change docs. which will correct in CO
b) CO
c) All the above
20. Please select from the following the correct statements
a)
b)
c)
d)
e)
f)
g)
h)
i)
j)
k)

Any amount can be transferred from CCtr to CCtr for a CE

Any amount can be transferred from PCtr to PCtr
Activity posted can be reversed
Internal Order can post to FI including Secondary CE
Activity can be posted with Planned values only
Activity can be posted with Actual values only
Internal Order Planning values controls the values transactions
Tolerance group for Ccode , Vendor and customer
Report painters are possible in FI and CO
Secondary Cost Element has no validity
BA can be defaulted through CO settings at Cost Element level

21. Reasons for difference in a Cost Element fig and GL fig

a)
b)
c)
d)
e)

Cost element not defined

It is a Secondary cost element
Primary CE not fully validated
Activity types posted
SKF settlement postings done

22. Select the wrong statements

a) You will be able to define Std Heirarchy valid for some period
b) You will be able to change the cost centers to a different group in the same
heirarchy after the postings are done.
c) Any time we will be able to add more Ccodes to same controlling area
without any additional settings
d) Contolling area definition is year specific
23. A financial posting to a GL not allowed- reason
a)
b)
c)
d)

It is defined as Secondary CE
It is defined as Primary CE
Locked CO postings
None of the above

24. Which of the following statements is true?

A.
A company code can belong to one or more controlling area.
B.
A plant must be allocated to a company code.
C.
A company code must have same only one local currency.
D.
A business area and a company code are assigned to each
other in the SAP Reference IMG.
25.
A.
B.
C.
D.
E.

Which of the following statements about creating customer

master records are correct?
An account group always gets assigned to the customer.
The company code is always a required entry.
The user may assign the account number externally.
Information on each screen may be defined in configuration
as mandatory, suppressed or optional, depending upon the
account group only.
Information on each screen may be defined n configuration as
mandatory, suppressed or optional, depending upon the
company code only.

26. Which of the following statements are correct?

A. A FI customer master is divided by the client level and company
code level.
B. In case of one time customer you have to enter the customer
address in the document itself.
C. Address, control data and reconciliation account are included in
the client level of the customer.
D. The most efficient way to create master records is to work with
the external number range not internal number range.
27. Identify the correct statements?
A. The vendor master record is divided into three different data
areas; General data, Accounting data, and Purchasing data.
B. When the goods receipt is posted, the system automatically
updates, the general ledger accounts by the value of the goods
receipt.
C. MM and FI set up and use different account groups for their
respective view of the vendor master record.
D. The account group determines the number interval for assigning
the account number to the vendor whether or not the number in
internally or externally assigned and what fields are mandatory,
suppressed, displayed and optional.
E. Payment terms are defined in all the segments of the vendor
master

28.
A.
B.
C.
D.
E.
F.

Select the correct statements about same Operational Chart of

accounts
Can be allocated to many company code.
Can be defined in many languages as default.
Contains definitions for G/L accounts.
Can only be allocated to one company code only.
Cannot create GL accounts for COA only
It controls the fields of Co code segment GL directly.

29.

Select the wrong statements from the following:

a. Clearing is a process of open entries in Expenses accounts
Open item definition is for displaying all entries in the GL
accounts
b. Create a Account Group in COA as RECO accounts and define
GL accounts for that GROUP and it becomes Recon Account.
c. The header fields display are controlled by Field status Group
definition in GL and Posting key.
d. Document types are linked to company code along-with
Posting keys
e. Fiscal year variant decides the posting period decision
automatically
f. Posting Period variant decides the posting period decision
automatically.
g. I can put any period irrespective of any other data and get
the document posted to that period.

30

A client
may only contain a single chart of accounts
May contain multiple chart of accounts
May only use one-currency types.
May only have one controlling area.

A.
B.
C.
D.
31
A.
B.

C.
D.

Identify the correct statements

A goods receipt is the recording of the movement of materials
into the warehouse. In SAP a financial document that updates
the inventory account and an accrued liability account is created.
The Invoice receipt and verification process compares the vendor
invoice with the purchase order and goods receipt however the
corresponding financial transaction must be entered through the
financial module (FI).
In SAP,I can park a document without a number assigned to
that.
Parking documents are not visible in GL accounts.

E. Special GL transactions are never posted to GL

F. All special GL transactions are always posted to GL
G. All Special GL transactions are at times posted to AP.
32

Identify the correct statements?

A. The term client dependent refers to tables or data that relate
only to the client, which was accessed during the log on process.
B. Due to the integrated nature of SAP, there are certain core
organizational elements that cut across the modules. Client is
one of them.
C. Whenever I am using a transaction I can view the Transaction
simultaneously by some settings.
D. Entry date format is controlled by Certain customizing and
certain user level settings or both.
E. I cannot default a user with local currency only in document
entry screen.
F. GL company code segment fields only can be defined in Account
Group.

33
A.
B.
C.
D.
E.
34
A.
B.
C.
D.
35.
A.
B.
C.
D.

Which of the following can you add to a favorites list?

Files
Transactions
Web address
Reports
User Menus
Please click on the button next to the correct answer?
The business area can run across many company codes i.e all
company codes can post in all business areas.
A company code may belong to more than one controlling area.
Each company codes uses exactly one chart of accounts
Business areas are used to create internal balance sheets and
income statements but without CO data and only FI data.
An Vendor/Customer account group
Defines the number range for a master record.
Uses a field status group to control the field layout for the
maintenance of master records.
Determines one time accounts for accounts payable and
accounts receivable.
Controls fields for every company code level or Activity level
also.