a) [ ] P+L Statement.
b) [ ] Reconciliation.
c) [ ] Revenue.
d) [ ] Material Stock.
e) [ ] Tax.
2. Consider the following statements:
2.1. Accounts with open item management must have line
item display activated.
2.2. You can activate or deactivate open item management
everytime, even if the account hasnÂ’t a zero balance.
2.3. You can select both local and foreign currencies
as account currency.
2.4. If the account is the local currency, the account
can only be posted to this currency.
2.5. When using the “Only Balances in Local Currency”
indicator in the master data record, transaction figures are only managed
for amounts translated into local currency.
Which of the above statements are true (Note: we can have
more than one correct sentence. Please select the sentences you think they
are correct)?
a) [ ] 2.1.
b) [ ] 2.2.
c) [ ] 2.3.
d) [ ] 2.4.
e) [ ] 2.5.
3. True or false?
3.1. The “Only Balances in Local Currency” indicator must
not be set in reconciliation accounts for customers or vendors.
a) [ ] True. b) [ ] False.
3.2. The “Only Balances in Local Currency” indicator is
usually set in balance sheet accounts that are not managed in foreign currencies
and not managed on an open item basis.
a) [ ] True. b) [ ] False.
3.3. Accounts with a foreign currency as an account currency
can be posted to any currency.
a) [ ] True. b) [ ] False.
3.4. You can use a group chart of accounts for internal
purposes.
a) [ ] True. b) [ ] False.
3.5. The usage of a financial statement version for the
group chart of accounts is optional.
a) [ ] True. b) [ ] False.
4. What is the disadvantage of using the group chart of accounts (Please choose the correct sentence)?
a) [ ] Because changes to existing G/L Accounts
are effective as soon as they have been saved and could have extensive
consequences.
b) [ ] Because accounts with the account
currency as local currency can only be posted to this local currency.
c) [ ] Because the company codes use different
operational chart of accounts, you cannot carry out cross-company code
controlling.
d) [ ] Because the group chart of accounts
must be assigned to each operational chart of accounts.
e) [ ] Because you must enter the group account
number in the chart of acounts segment of the operational account.
5. Consider the following statements:
5.1. You cannot use the country chart of accounts if you
desire to use the cross-company code controlling.
5.2. The disadvantage of using country chart of accounts
is the accounting clerks who may be familiar with the country chart of
accounts first have to get used to using the operational chart of accounts.
5.3. Reconciliation accounts are updated on a daily basis.
Which of them are false (Please choose the correct sentence)?
a) [ ] 5.1 and 5.2.
b) [ ] 5.1 and 5.3.
c) [ ] 5.2 and 5.3.
d) [ ] all of them.
e) [ ] none of them.
6. Which are the segments of the SD view of the customer account master data (Note: we can have more than one correct sentence. Please select the sentences you think they are correct)?
a) [ ] Client.
b) [ ] Company Code.
c) [ ] Controlling Area.
d) [ ] Sales Area.
e) [ ] Purchasing Organization.
7. Which are the segments of the MM view of the customer account master data (Note: we can have more than one correct sentence. Please select the sentences you think they are correct)?
a) [ ] Client.
b) [ ] Company Code.
c) [ ] Controlling Area.
d) [ ] Sales Area.
e) [ ] Purchasing Organization.
8. What is the segment that makes complete both customer and vendor accounts (Please choose the correct sentence)?
a) [ ] Client.
b) [ ] Company Code.
c) [ ] Controlling Area.
d) [ ] Sales Area.
e) [ ] Purchasing Organization.
9. What characteristics are configured as standard for every customer/vendor account (Note: we can have more than one correct sentence. Please select the sentences you think they are correct)?
a) [ ] Line Item Display.
b) [ ] Company Code.
c) [ ] Currency.
d) [ ] Open Item Management.
e) [ ] Purchasing Organization.
10. Consider the following statements:
10.1. Number ranges for customer/vendor accounts can overlap.
10.2. An one-time account is a special customer/vendor
master record which a company rarely do business.
10.3. The account group is used to control the fields
displayed in the master record.
10.4. If you enter an alternative payer, the amount to
clear the open items due in the account is paid by the alternative payer.
10.5. One number range can only be assigned to one account
group.
Which of the above statements are true (Note: we can have more than one correct sentence. Please select the sentences you think they are correct)?
a) [ ] 10.1.
b) [ ] 10.2.
c) [ ] 10.3.
d) [ ] 10.4.
e) [ ] 10.5.
11. True or false?
11.1. For every bank that is used in the system (for example,
as a house bank or as a customer/vendor bank) you have to create a bank
master record.
a) [ ] True. b) [ ] False.
11.2. Banks that are used by your company are defined as house banks.a) [ ] True. b) [ ] False.
11.3. You cannot create bank master data when entering
bank information in the customer or vendor master record.
a) [ ] True. b) [ ] False.
11.4. Bank Account and G/L Account are the same master
data object.
a) [ ] True. b) [ ] False.
11.5. 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.
12. Consider the following statements:
12.1. The system can assign the document numbers or the
user can assign
the number during document entry.
12.1. A business transaction creates only one document.
12.3. Document types are defined at company code level.
12.4. Number ranges for document numbers and account
types defined for postings are defined by the document types.
12.5. Document types also define whether invoices are
posted with the net procedure.
Choose the correct option:
a) [ ] 12.1, 12.4 and 12.5 are correct.
b) [ ] 12.2, 12.4 and 12.5 are correct.
c) [ ] 12.3, 12.4 and 12.5 are correct.
d) [ ] 12.1, 12.3 and 12.4 are correct.
e) [ ] 12.1, 12.2 and 12.5 are correct.
13. What do the posting keys specify (Note: we can have more than one correct sentence. Please select the sentences you think they are correct)?
a) [ ] Whether the line item is connected to a payment
transaction or not.
b) [ ] Whether the posting is sales-relevant and
the sales figure of the account is to be updated by the transaction, for
example, by the posting of a customer invoice.
c) [ ] Whether the line items contain “credit”
or “debit” values.
d) [ ] Whether the line items are valid for a business
transaction.
e) [ ] Whether the accounts are allowed for posting.
14. Consider the following statements:
14.1. A company code must be assigned to a posting period
variant to have the control for posting periods.
14.2.‘+’ symbol represents all account types in the posting
period customizing screen.
14.3. The account interval in the posting period customizing
screen can be both G/L and subledger accounts.
14.4. The maximum amounts are defined per company code
in “tolerance groups”.
14.5. It is not possible to assign tolerance groups to
user logon ID’s.
Choose the correct option:
a) [ ] 14.1, 14.4 and 14.5 are correct.
b) [ ] 14.2, 14.4 and 14.5 are correct.
c) [ ] 14.3, 14.4 and 14.5 are correct.
d) [ ] 14.1, 14.2 and 14.4 are correct.
e) [ ] 14.1, 14.2 and 14.5 are correct.
15. What fields of a FI Document Header section can be changed after a document has already been posted (Note: we can have more than one correct sentence. Please select the sentences you think they are correct)?
a) [ ] Fiscal Year.
b) [ ] Reference Number.
c) [ ] Text fields.
d) [ ] Header text.
e) [ ] Posting date.
16. About the change control, what conditions below are applicable (Note: we can have more than one correct sentence. Please select the sentences you think they are correct)?
16.1. The posting period is already closed.
16.2. The line item is not yet cleared.
16.3. The document is a credit memo for an invoice.
16.4. The document is not a credit memo from a down payment.
16.5. The line item is either a debit in a customer account
or a credit in a vendor account.
a) [ ] 16.1.
b) [ ] 16.2.
c) [ ] 16.3.
d) [ ] 16.4.
e) [ ] 16.5.
17. What are the prerequisites to enable negative postings (Note: we can have more than one correct sentence. Please select the sentences you think they are correct)?
a) [ ] You have to define reversal reasons for negative
reversal.
b) [ ] You have to ensure company code permits
negative postings.
c) [ ] You have to define the document type that
explicitly allows negative postings.
d) [ ] You have to use cleared items.
e) [ ] You have to reset cleared items.
18. What is the purpose of the terms of payment (Please choose the correct sentence)?
a) [ ] Calculate a cash discount and invoice due
date.
b) [ ] Calculate the tax amounts.
c) [ ] Enable the cross-company code transactions.
d) [ ] Define the baseline date.
e) [ ] Calculate only the required conditions for
SD invoices.
19. Consider the following statements:
19.1. Terms of payments are copied from invoice to credit
memos when they are linked to.
19.2. Inserting a “V” in the invoice reference
field during document entry means the terms of payment are activated in
the
non-invoice-related credit memos.
19.3. The account type field in terms of payment basic
data screen should be defined separately, to prevent any done change in
the term of payment.
19.4. The system cannot define the splitment of an installment
payment, at least you define it in the terms of payment.
19.5. The day limits define the dates of the cash discount
periods.
Which of the statements above is false (Please choose the correct sentence)?
a) [ ] 19.1.
b) [ ] 19.2.
c) [ ] 19.3.
d) [ ] 19.4.
e) [ ] 19.5.
20. True or false?
20.1. 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.
20.2. Only national level of taxation is allowed in the
R/3 system.
a) [ ] True. b) [ ] False.
20.3. A tax calculation procedure is assigned to every
company code for carrying out tax calculations.
a) [ ] True. b) [ ] False.
20.4.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.
20.5. If you desire to post manual tax postings, you
have to flag the “Post Automatically Only” field of the account master
record.
a) [ ] True. b) [ ] False.
---
Answers:
1. B, C, D, E.
2. A, C, E.
3. True or false:
3.1. True.
3.2. True.
3.3. False. Accounts with a foreign currency as an account
currency can only be posted to in this foreign currency.
3.4. True.
3.5. False. You must use a financial statement version
for the group chart of accounts.
4. C.
Item “a” is related to Collective Processing for G;L
Accounts Master Data.
Item “b” is not true for the R/3 system concept. If the
account currency is the local currency, the account can be posted to in
any currency.
Item “d” and “e” are some actions to be done for using
group chart of accounts, so, they are not the disadvantage.
5. B.
In fact, since all company codes use the same operational
chart of accounts for postings, you can carry out cross-company code controlling.
About Reconciliation accounts, they are updated realtime.
6. A, D.
7. A, E.
8. B.
9. A, D.
10. B, C, D.
NOTE: A number range can be assigned to several account groups.
11. True or false?
11.1. True.
11.2. True.
11.3. False. In fact, we can create bank master data
when entering bank
information in the customer or vendor master record.
11.4. False. Each bank account is reflected in the SAP
System by a combination of house bank ID and account ID. This combination
is entered in a G/L account that represents the bank accounting the general
ledger.
11.5. True.
12. A.
13. A, B, C, E.
14. D.
15. B, C.
16. B, D, E.
17. A, B, C.
18. A.
19. E.
The day limits are used to store several versions of terms of payment under the same terms of payment key.
20. True or false:
20.1. True.
20.2. False. Two types of taxation can be represented
in the R/3 system: taxation at national level and taxation at regional/jurisdiction
level.
20.3. False. A tax calculation procedure is assigned
to every country for carrying out tax calculations.
20.4. True
20.5. False. If you have selected this field, no manual
tax postings are allowed.
SAP FI Tips by : Daniel Carvalho - Certified on September 2005
