SAP FI Self-Test Questions and Answers #5

These are just simulated Financial Accounting Questions to self-test your knowledge.
 
1. What can we say about period lock (Please choose the correct option)?
 
a) It is used to lock the business transactions for a combination of company code, fiscal year and document number.
b) It is used to lock the business transactions for a combination of company code, fiscal year and version.
c) It is used to lock the business transactions for a combination of controlling area, fiscal year and version.
d) It is used to lock the business transactions for a combination of company code, fiscal year and plant.
e) It is used to lock the business transactions for a combination of company code, fiscal year and purchasing organization.
 
2. Which of the following are advantages of ledger solution?
 
a) You maintain a separate ledger for every accounting principle
b) You can use different fiscal year variants in this scenario
c) The number of G/L accounts is manageable
d) The data volume decreases
 
3. When planning statistical key figures, it uses a ________________ for period-based distribution of the total values. 

Please select the option that fulfills the above statement:
a) receiver base.
b) free entry.
c) planned value.
d) distribution key.
e) secondary statistical key figure.
 
4. Plan values on cost centers can often be calculated using mathematical dependencies.
___________________ lets you use calculation dependencies to plan your cost center costs.
 
Please select the option that fulfills the above statement:
a) formula planning.
b) resource planning.
c) dependency planning.
d) accrual calculation.
e) distribution.
 
5. Which of the following are migration principles?

a) Date of Migration is at the beginning of a Fiscal Year (Current or Future)
b) Year End closing of the Old Fiscal Year must be completed prior to migration and Activation of New GL.
c) After successful data Migration, New GL will be activated.
d) New GL should be activated before data migration
 
6. Consider the following statements about Report Painter:
 
6.1. ____<1>____ are numeric fields that you can evaluate in a report.
6.2. ____<2>____ are fields that display criteria that you used in the data selection.
6.3. ____<3>____ consist of a key figure and one or more characteristics.
6.4. All of the reports are kept in ____<4>____.
 
Please choose the option that substitutes <1>, <2>, <3> and <4>, respectively:
a) key figures, predefined columns, system libraries and characteristics.
b) predefined columns, key figures, system libraries and characteristics.
c) predefined columns, characteristics, key figures, and system libraries
d) key figures, characteristics, predefined columns and system libraries.
e) characteristics, key figures, predefined columns and system libraries.
 
7. Which of the following are part of financial statements?
 
a) Automatic offsetting entries
b) Noted items
c) Free offsetting entries
d) All of the above
 
8. The following statement(s) is/are correct with holding documents.
 
a) Free assignment of the designation/ID
b) A document number is assgined
c) No update of the transaction figures
d) Not taken in to account for evaluations/reports
 
9. Which of the following are process dimensions of SAP business workflow?
 
a) Organizational structure
b) Process structure
c) Function
d) Information
 
10. What can we say about Planner Profile (Note: we can have more than one correct sentence. 

Please select the sentences you think they are correct)?
a) It allows to control the planning process.
b) In a given planner profile, you cannot assign any number of planning layouts to any number of planning areas.
c) The R/3 system contains standard planner profiles.
d) Planner profiles are defined using the Report Painter.
e) You can assign more than one planning layout to each planning area in the planning profile.

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