a. Defines the number range for a master record.
b. Uses a field status group to control the field layout
for the maintenance of master records.
c. Determines one-time accounts for accounts payable
and accounts
receivable.
d. Is defined for every company code.
2) You have several options for creating G/L accounts . Which of the following statements are correct?
a. You can create a G/L account in a company code without
using a sample account.
b. You can create a G/L account in chart
of accounts.
c. You can create a G/L account in a company code using
a samples account.
d. You can create a G/L in a controlling area if you
specify the chart of accounts
and the company code.
e. You can create a G/L account when settling an order.
3) Which of the following statements are correct regarding open item management?
a. In order to manage line items as open and cleared for
venders and customers the open item management¡± Indicator
must be on in the reconciliation account master record.
b. Vendor and customer account are always open item management
accounts.
c. In order to be able to manage line items as open and
cleared, the line item display indicator must be on in the G/L account
mater record.
d. In order to be able to manage line item as open and
cleared, the open
item management indicator must be on in the G/L account master record.
e. In order to be able to manage line items as open and
cleared, the sort key must be defined as the document number.
4) When you create a G/L account the following entries must always be assigned to the account
a. Account
Group.
b. Balance sheet a/c or P&l a/c & P&L statement
type.
c. Short text.
d. Sample account number
e. Consolidation trading partner.
5) Which of the following are true:
a. Multiple currencies can be assigned in G/L master record
to facilitate reporting.
b. Key words may be input as search criteria on a G/L
master for use with only one Co. code
c. A G/L account will have the changes made to it if
any tracked in a separate data base.
d. All G/L Balance Sheet accounts are marked with Account
type B.
6) The primary cost element is one type of master data in Controlling. Before you can create a new primary cost element, certain prerequisites need to be fulfilled Which of the following conditions must be fulfilled BEFORE you can create primary cost elements?
a. The controlling
area must be defined.
b. The cost center must be defined.
c. The G/L account must be defined.
d. The plant must be in the system.
e. The business areas have been defined.
7) Which of the following statements about financial reporting are correct?
a. A financial statement version displays either a balance
sheet or a profit and lost statement, not both.
b. When displaying a financial statement, the system
can automatically calculate the profit and loss statement result.
c. You can obtain a summarized financial statement for
any hierarchy level defined in the financial statement version.
d. The system can translate a financial statement into
any currency for reporting purposes.
e. A financial statement version cannot include more
than one company code, unless you are using FI-LC.
8) Where are posting periods defined?
a. Posting period variant.
b. Fiscal year variant.
c. Field status variant.
d. Closing period variant
9) Which of the following statements regarding year-end closing are correct?
a. The balance carry forward program can be run at any
time during the fiscal year.
b. The system creates the balance carried forward for
every balance sheet account for new fiscal year.
c. The p&l accounts balance is transferred to a Retained
Earnings account. You determine the retained earning account as part of
the selection criteria when executing the Balance Carry Forward program.
d. Posting during the Balance Carry forward program is
possible.
10) The date format can be defined by the following:
a. Country
b. System.
c. User.
d. Company
e. Plant
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Answers
1) a, b, c
2) a, b, c
3) b, d
4) a, b, c
5) b, c
6) a, c
7) d
8) b
9) a, b, d
10) a, c
