SAP FI Self-Test Questions and Answers #1

These are just simulated Financial Accounting Questions to self-test your knowledge.

1. Which of the following are special G/L types? Choose the correct answer(s)

A. Noted items
B. Down payments
C. Automatic offsetting entries (statistical)
D. Free offsetting entries
E. Other types

2. The following applies to the special general ledger type of noted items.
Choose the correct answer(s)

A. The special G/L indicators of your own can be created of this type
B. The account for the offsetting entry is selected automatically
C. No postings are made on an offsetting account
D. Noted items are posted on an alternative reconciliation account
E. Noted items cannot replace any proper FI documents.

3. Which statements are correct?

A. A company code can be assigned several workflow variants
B. A task can be assigned one possible processor only
C. It is possible to design multilevel workflow sequences
D. The same workflow variant can be assigned to several company codes.

4. Name reasons for archiving data.

A. Improve response times
B. Keep data secret from auditors
C. Reduce system downtimes during software upgrades
D. Lower the effort involved in database administration

5. Which prerequisites are checked by the system before deleting master data?

A. For GL account: has a deletion indicator been set?
B. For customers: have they been created before 1995
C. For vendors: are there still transaction figures?
D. For GL accounts, customers and vendors: are there still documents?
E. For banks: is a bank balance sheet overdrawn?
F. For banks: are they still being used?

6. Where do you define the reconciliation account that will be used by an asset?

A. Account determination in asset class
B Account number in fixed asset
C Account determination in depreciation area
D Account number in depreciation area

7. How many possibilities are possible with New General Ledger? Choose all that apply.

A. Account balancing with any characteristic
B. Customer Fields Extensibility
C. Segment Reporting
D. Reduction of Total Cost of Ownership
E. Transparency and Uniformity

8. The New General Ledger now consists of what functions? Choose all that apply.

A. FI Classic
B. Profit Center Accounting
C. Product Costing
D. Reconciliation Ledger
E. Schedule Manager

9. What are the advantages of using the New General Ledger? Choose all that apply.

A. Extended data structure
B. Document (Online) Split
C. Real Time Integration between CO and FI
D. Multiple Ledgers can be maintained under leading ledger.
E. Interfaces for entering the data and postings are nearly identical.

10. True or False: Please choose the correct answer.

A. The New GL is optional for existing SAP Customers.
B. New SAP customers will have to activate New GL by Default.
C. ECC 6.0 will prohibit the use of PCA above General Ledger.
D. The new SAP Installation will choose between Old and New Ledger.
E. Customers within New Ledger will have limited extensibility.



1.A, C and D
Down payments, bills of exchange and other types are referred to as special general ledger classes

2. C, D and E
Noted items are purely ‘reminders’. No zero balance check is made since no assignments are made to offsetting accounts.

3. C and D
One workflow variant can be used for several company codes. It is possible to create multilevel workflow sequences. Individual tasks can usually be assigned several possible processors.

4. A, C and D

5. A, C. D and F

6. C

7. A, B, C, D and E

8. A and D

9. All of the above

10. A


See Also

Get help for your SAP FI/CO problems
SAP FICO Forum - Do you have a SAP FI/CO Question?

SAP Books
SAP FICO Books  - Certification, Interview Questions and Configuration

SAP FI/CO Tips and Financial Accounting/Controlling Discussion Forum

Main Index
SAP ERP Modules, Basis, ABAP and Other IMG Stuff

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