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FI Practise Questions

1. a. b. c. d. The length of G/L account number should be mentioned in G/L account groups G/L account Chart of accounts None of the above

2. The G/L account becomes a complete G/L account a. if we have added the company code segment to chart of account segment b. if we have created both company code segment and chart of account segment cent rally c. if we have created chart of account d. if we have copied the chart of account segment from other company code 3. a. b. c. d. 4. a. b. c. d. 5. a. b. c. d. 6. a. b. c. d. If we are using the same chart of account in more than one company code the company code segments are same in all company codes the account name and account number is the same in all company codes the currency in company code segment in all company codes is the same the group account number is different in all company codes The appearance of the company code segment of a G/ L account is based on account group entered in the chart of account segment group account number entered in chart of account segment assignment of group chart of account in chart of account none of the above The appearance of an account master data is based on account number field status chart of account none of the above Creation of duplicate accounts in A/P can be prevented by using the match code before creating the new account sensitive dual control switching on automatic duplication check none of the above

7. Which of the following statements are true, when you are considering the major controls of document types a. the account types allowed for postings b. the field status of head text and reference number c. posting keys d. none of the above 8. a. b. c. d. Which of the following statements are true posting keys are defined at client level account types allow line item postings based on the posting key field status definition suppressed and required cannot be combined field status groups are examples of variant principle

9. Which of the following are true if we are using the same posting period variant for several company codes a. opening and closing of periods to be done for each company code b. we cannot use the same posting period variant for several company codes c. we can maintain different special periods for each company code

10. Which of the following statements are true a. we can open t wo period ranges during the time of closing process b. based on the document date ent ry, system will determine the posting period and fiscal year c. if you display the balances of an account, the transaction figures for the posting periods are displayed 11. By mentioning the base line date, cash discount periods, and cash discount percentage rate in payment terms, system will calculate a. due date of the invoice and cash discount b. due date only c. cash discount only d. none of the above 12. Using the account clearing function, choose and match those existing open items from an account that balance to zero. The system marks them as cleared and creates a clearing document. The clearing doc ument number and the clearing date is entered in the cleared open items. The clearing dat e can be the current date or a date that the user determines. State whether this statement is true or fals e 13. Which of the following statements are true a. we cannot have separate cash journal for each currency b. special general ledger indicators use the subsidiary ledger master records but are connected to the general ledger via alternative reconciliation accounts c. a down payment request is a noted item. It does not change any account balances. You can dun and pay aut omatically on the basis of down payment requests 14. The specifications for permitted payment differences can be found in both types of tolerance groups. They control the automatic posting of cash discount adjustments and unauthorized deductions. State whether this statement is true or fals e 15. All reconciliation accounts and all general ledger accounts with open item transactions in foreign currency must be assigned to the revenue/expense accounts for realized losses and gains. State whether this statement is true or fals e 16. R/3 system contains a. data base server only b. application server only c. presentation server only d. all of the above 17. All data and programs are contained in a. application server b. database server c. none of the above 18. SAP business object consists of a. attributes b. methods c. attributes and methods d. none of the above 19. Maximum number of sessions a user can open when he logs on to SAP a. one b. three c. five d. six

20. Fiscal year can be a. year dependent b. year independent c. both year dependent and year independent 21. Fiscal year which is a calendar year can have a. 12 normal periods b. less than 12 normal periods c. more than 12 normal periods 22. Short ened fiscal year can have a. 12 periods b. more than 12 periods c. less than 12 periods d. should have less than 12 periods 23. Company code can have a. one local currency only b. two local currencies c. any no. of local currencies d. none of the above 24. Postings in a company code are done in G/L account of a. consolidation chart of accounts b. operative chart of accounts c. country chart of accounts d. all of the above 25. Retained earnings account is a. specific to company code b. specific to client c. specific to chart of accounts d. none of the above 26. Which of the following statements is true a. company can use indirect exchange rate only b. company use direct exchange rate only c. company can use both direct and indirect exchange rat es 27. State which of the following is true in relation to SAP features a. business areas are company code specific b. business areas are assigned to company codes c. business areas are used for reporting across company codes d. none of the above 28. Posting in a G/L account is controlled by a. account group of the G/L account b. field status group in the chart of accounts segment c. field status group in the company code segment d. all of the above 29. Which of the following is true a. company code can have one retained earnings account only b. company code can have more than one retained earnings account c. chart of accounts can have more than one retained earnings account d. chart of accounts can have one retained earnings account only e. none of the above

30. Which of the following is true a. account group controls the document field status b. account group controls the number range of G/L accounts c. account group controls the master record field status d. all of the above 31. Which of the following are correct with res pect to your G/L account hous e bank name a. the g/l account house bank name shall be the same as in the bank directory b. the g/l account house bank name need not be the same as the banks name in the bank directory c. the g/l account house bank name is user-definable d. the g/l account house bank name is defined at the chart of account level e. the g/l account house bank name is modifiable at the company code segment of the chart of accounts 32. Your house bank number cannot be set to be defaulted from house bank key State whether this statement is true or fals e 33. The G/L account for a bank is linked to a. a house bank b. many hous e banks c. one house bank p0lus one account id d. one house bank plus multiple account ids in the same bank e. many hous e banks and many account ids 34. One bank account is mapped in SAP to a. account id b. house bank c. bank key d. G/L account e. Country plus bank key 35. E very company code can have following combinations as chart of accounts (COA) a. one operating COA and many group COAs b. many operating COAs and one group and one alternate CoA c. one operating COA and one alternate COA d. one operating, one group and one alternate COA 36. Each G/L account code in group COA can be mapped to following no. of account codes in operating COA a. only one account code b. maximum three account codes c. many account codes d. it cannot be mapped 37. Each account code in alternate COA can be mapped to following no. of account codes in operating COA a. only one account code b. maximum three account codes c. many account codes d. it cannot be mapped 38. Various account groups in one COA cannot consist of common G/L account codes. TRUE/FALSE

39. Following fields form part of the chart of account segment of a general ledger account master a. account currency b. account group c. field status group d. option to state whether it is a balance sheet or profit and loss type account 40. Each account code in a chart of accounts is automatically available for use to all company codes using that chart of account TRUE/FALSE 41. Which of the following statements are always true a. one document type can have more than one no. range interval b. different no. range codes can have same no. range intervals in respect of documents c. more than one document type can have same no. range intervals d. document no. ranges are defined at client level 42. Which of the following statements are false a. account groups are defined at client level b. account groups are defined for a company code c. account groups are defined at COA level d. account groups are defined for a combination of COA and company code 43. Which of the following statements are false a. one customer/ vendor account can have many reconciliation accounts b. reconciliation account can be used for the purpose of direct accounting entries by users c. all the account groups of customers can have one common no. range d. one account group of vendors can have up to three no. Ranges 44. Which of the following statements are true a. one customer can have different customer codes in various company codes b. one customer can have different reconciliation accounts in various company codes c. various company codes can have different payment terms with one customer d. chart of account segment is mandat ory while entering a customer master 45. Which of the following statements are true a. for creation of vendor master, account group is not required b. a vendor master cannot be created in the absence of a company code 46. Customer master has following segments a. chart of account segment b. general data segment c. purchase organization segment d. accounting data segment e. sales organization data segment 47. A document is uniquely identified by a. document no. b. company code c. fiscal year d. document date e. period a and e; a and b; a, b and c; a,d,e; a,b,e

48. Which of the following statements are correct a. document nos. can be alphanumeric b. Field status for a transaction entry is transaction dependent and account dependent c. Document type controls posting key, field status group, and gl accounts that can be used in the document d. Document types are specific to a company code 49. The relationship between house bank and account id is the following a. one to one b. one to many c. many to one d. many to many e. no relationship 50. Business area once defined is available for use to a. all company codes in the client b. all company codes in all the clients c. only to the company codes to which the business area is assigned to d. all company codes assigned to the company to which the business area is assigned 51. If a general ledger account is defined using a sample account, following data is referenced from the sample account a. the control data in COA segment b. only company code segment data c. only account control and account management data in company code segment d. entire master data 52. While creating a sample account, following information may be entered a. only company code segment data b. only COA segment data c. both COA segment and company code segment dat a d. only account control and account management data from company code segment e. only control data of COA segment 53. A G/L account can be blocked for the following purposes a. from creating in company codes b. from posting in all company codes c. from posting in selected company codes d. cannot be blocked at all e. if blocked, is blocked for all the purposes in all the company codes 54. A different field status can be ac hieved for different actions such as creation of account or change in master record, etc. TRUE/FALSE 55. Customer and vendors are defined in SAP at following level a. at company code level b. at client level c. at controlling area level d. at company level 56. Which of the following is true in terms of vendor and customer master a. various account groups can have same no. range b. one no. range can be allotted only to one account group c. one account group can have only one no. range d. one account group can have either external or internal numbering system e. one account group can have one internal and one external numbering system

57. A customer account can be blocked for the following purposes a. from creating in company codes b. from posting in all company codes c. from posting in selected company codes d. cannot be blocked at all e. if blocked, is blocked for all the purposes in all the company codes 58. Changes in customer or vendor master are tracked and can be seen in SAP. TRUE/FALSE 59. Which of the statements on doc ument principles are correct? a. each business event creates an accounting document in R/ 3 b. a business event might trigger more than one document in R/3 c. R/3 will link related documents in the system 60. In the payment proc ess, automatic options to the users are a. select open invoice to the paid or collected, and post payment documents b. post payment doc uments and print payment media c. select open invoic es to be paid or collected, post payment doc uments and print payment media 61. Which of the following are true a. any payment block can be removed in payment proposal edit b. only line item payment block can be removed during the payment propos al c. items that cannot be paid are deleted in the exception list 62. Which of the statements on payment program are correct a. there are four steps in payment proc ess: parameters, proposal program run, print b. once the parameters have been specified, the print program is scheduled to generate the print 63. E very run of the payment program is identified by two fields run date and identification. TRUE/FALSE 64. Which of the following statements are true a. the run date is recommended to be the actual date when the program is executed b. the field identification is used to run print program 65. Which of the following statements are true a. the G/L account name for house bank must match the names given to the house bank in the bank directory b. the G/L account names for house banks are us er-definable c. the G/L account names for house banks could be the bank name and account number d. the G/L account names for house banks are defined in bank directory e. at company code level, G/L account names for house banks can be different from those in chart of accounts 66. Which of the following statements are true in respect of payment program configuration in all company codes areas a. sending company code and paying company codes are same always b. by specifying the vendor/customer, special G/L transaction to be paid, we can process specified special G/ L transactions only c. by activating payment method supplements, we can print and sort payments

67. Which of the statements are true in respect to configuration of payment program, bank det ermination area a. without ranking order, system will not process the payments b. bank payment methods combination is must to define ranking order c. without maintaining the value date in bank selection, system will not process the payments 68. If we are using check management, which of the statements is true a. define check lots in order to print checks b. check lots are used only for automatic payments 69. Say true or false a. all company codes in the payment run paramet ers must be in the same country b. a payment method can only be used if it is entered in the account master record c. the payment proposal can only be edited, deleted and recreated as often as desired d. the exception list is a part of the payment proposal 70. Which of the statements are true when running the dunning program a. we can edit proposal b. we cannot delete the proposal c. we can recreate the proposal until the dunning clerk is satisfied with the result d. after completing the dunning proposal list, dunning dat a is updated in the master records of respective customer/ vendor 71. Which of the following statements are true a. one time accounts cannot be dunned b. we can assign two dunning procedures to customer master records c. dunning procedure can process only standard trans actions d. interest can be posted at the time of dunning run 72. The maximum dunning levels can be defined in dunning procedure are a. four b. six c. nine 73. An item whose days in arrears are smaller or identical to the grace periods, dunning program will consider for the dunning notice. TRUE/FALSE 74. What information does a dunning run change? a. the date of the last dunning run in the customer master record b. the dunning level in the customer master record c. the dunning level in documents for which dunning notices are created d. form (lay out set) specific ations in the customer master record for the text in the next dunning letter e. the dunning procedure in the customer master record for the next dunning run 75. Which of the statements are true a. we can calculate interest on G/L account under interest on arrears method b. each interest id must be assigned an interest calculation type c. R/3 uses same interest calculation indicator for each combination of interest variables, such as calculation frequency, calendar types, currency 76. Two steps to define financial statement versions are a. enter it in the directory of financial statement version b. define hierarchy levels and assign accounts

77. Which of the following statements are false a. we can not specify per dunning level that interest is to be calculated b. we cannot print a dunning notice in a legal dunning procedure, although no further account movements have occurred c. we can set a minimum amount for dunning charges on each dunning level 78. Which of the following statements are true a. a financial statement version consists of maximum 9 hierarchy levels b. we cannot assign account group according to balance c. drill down reporting is a tool that enables to analyze sub-ledger transaction amount 79. Individual value adjustment for doubtful receivables are possible a. through special G/ L transaction b. through normal transaction c. both of the above 80. Foreign currency valuation is possible a. only for vendor/customer open items b. only balance sheet items (G/L items) c. both of the above 81. Which of the following statements are true a. when we are valuating open items without update for reversal of the adjustment posting after key dat e, key user can define another posting date in place of keydate + 1 b. when we have regrouped the rec eivables/ vendors, system carries out adjustment postings c. allocating costs to financial accounting through external settlement, the G/L is updated online/real time 82. Depreciation postings can be ex ecuted a. through background proc essing (batch input session) b. direct FI postings c. any one of the above 83. We cannot select individual business transactions for locking from a lsit of all the actual and plan business transactions. TRUE/FALSE 84. Account groups are used to control the following properties a. field status of transaction fields b. field status of master fields c. field status of master fields and number range d. field status of master fields, number range and whether accounts are p&L ot B/S 85. You can post transactions to an account in any currency only if a. account currency is not maintained b. account currency is same as local currency of the company code c. account currency is different from company code currency d. under all circumstances 86. You can carry forward P&L account balanc es to a. Multiple retained earnings accounts, automatically b. Single ret ained earnings account, aut omatically c. Multiple retained earnings accounts, through period end processing d. Single ret ained earnings accounts, through period end processing

87. Default exchange rate picked up during FI doc ument is a. exchange rate maintained for type B b. exchange rate maintained for type M c. exchange rate maintained for type G d. there is no default exchange rate type 88. You can clear open items only when they have same a. business area, amount, opposite dr/cr indicator and same entry in fields that are configured for automatic clearing b. amount, opposite dr/cr indicator c. business area, amount and opposite dr/cr indicator d. amount, opposite dr/cr indicator and same entry in fields that are configured for automatic clearing 89. Foreign currency valuations on G/L accounts are performed on the following accounts a. all accounts b. all accounts managed on open item basis c. all accounts managed on open item basis and all accounts with account currency different from local currency d. accounts managed on open item basis having foreign currency transactions and all accounts with account currency different from local currency 90. You can display account balances of several relat ed accounts through a. account groups b. sort key c. worklists d. totals variant 91. You run BA/PC adjustments for a. balancing BA level balance sheet for inter business area transactions b. balancing company code level balance sheet for inter company transactions c. posting adjustment entries for changed reconciliation accounts d. posting vendor/customer reclassification at business area level 92. Fast entry screens in FI are used to enter a. customer and vendor line items b. G/L line items c. G/L, customer and vendor line items d. Invoice receipt against GR 93. Easily entered document entry templates are called a. sample document b. account assignment models c. worklists d. recurring documents 94. Posting keys are used to decide a. dr/cr indicator, field status of transaction screen, account types b. dr/cr indicator, account types c. dr/cr indicator, field status of transaction screen, account types, special G/L applicability d. dr/cr indicator, field status of transaction screen 95. How many parallel currencies are possible and at what level they are assigned? a. 2 local currencies, chart of account b. 3 local currencies, chart of account c. 2 local currencies, company code d. 3 local currencies, company code

96. Cross company code transactions are carried out bet ween company codes 0001 and 0002 in the year 1999. The accounting document created for 0001 is 9800005210 and that for 0002 is 9800004236. This is created from company code 0001. The cross company code number generated is a. 000198000052100001 b. 980000423600020001 c. 9800005210000199 d. 9800004236000299 97. When you reverse a posted document, the document number must be a. internal b. external c. internal or external d. manually assigned 98. Financial statements can be generated in a. local currency b. document currency c. controlling area currency d. any currency for which customization is maintained 99. The views maintained for vendor master data are a. general data, company code data b. general data, company code data, purchasing data c. general data, company code data, business area data d. general data, company code data, business area data, plant data 100. Group key assigned to vendor master records control the following a. it is a combination of up to three fields based on which open invoices are selected for automatic payment b. basis for grouping several vendors for balance display c. basis for classifying vendors for standard reporting d. it is a combination of up to three fields based on which open invoices are selected for manual payment 101. Posting through a special ledger indicator affects a. the main reconciliation account of the vendor or customer b. the alternative reconciliation account mapped to the main reconciliation account of the vendor/customer c. the alternative rec onciliation account and the main reconciliation account of the vendor/customer d. offsetting entry to the main reconciliation account of the vendor/customer 102. Check management with relation to outgoing payments is possible for open items for a. vendors b. vendors and customers c. vendors, customers and G/L accounts d. vendors and G/L accounts 103. If you do not want to enter a document with provision for updating the ledger on approval from authorized officials, you use the following functionality a. parked document b. sample document c. account assignment model d. recurring document

104. Accounting for down payment request involves a. statistical items b. parked items c. noted items d. regular items 105. Business area is determined for accounting documents generated automatically from logistics modules are on the basis of a. plant-division combination b. plant-division-distribution channel combination c. plant-sales area combination d. plant-division combination and sales area 106. When you carry out regrouping through AR or AP, the following activities are performed a. reclassify where debt ors have credit balance and vice versa b. reclassify open items by remaining life c. reclassify by changed reconciliation accounts d. all of the above 107. When you carry out automatic payment, bank through which payment is effected is based on a. ranking order of house banks b. house banks maintained for specific business areas c. house banks entered in the parameters of the run d. ranking order and available balance in the accounts 108. Payment needs to be made against invoices with payment blocks created during invoic e verification. Payment block can be removed by a. releas e block in MM b. changing the field entry from the invoice document c. by reallocating in the payment proposal d. cannot be removed 109. In SAP, a bill of exchange receivable items is cleared during a. discounting the bill b. transfer posting with clearing c. revers al of contingent liability d. clearing against outstanding advances from the customers 110. In which of the following processes do the original invoic es remain as open items a. residual payment b. partial payment c. charge off difference d. distribute difference 111. How do you assign credit terms while drawing a bill of exchange on your customer? a. by assigning payment terms to bill of exchange item b. by assigning due dat e to the bill of exchange item c. by assigning payment term to invoic e item d. by assigning due dat e to invoice item 112. GR/IR account is managed on open item basis, and the indicator balance in LC only is ticked. During a GR, it is credited with $100 (exchange rae USD: INR = 1:40). At the time of invoice receipt, exchange rat e is Rs.41 = $1, Uf ckearubg fir $100 is done for the GR/IR account, what is the foreign currency exchange rate posting? a. cr Rs.100 b. dr Rs.100 c. cr $100 d. no exchange rate posting

113. What are the different account types in SAP? a. customer, vendor, GL b. customer, vendor, GL, asset, material c. customer, vendor d. customer, vendor, asset 114. When several organizational units carry out dunning within a single company code, the SAP entity used to distinguish and control the process is called a. dunning procedure b. dunning key c. dunning clerk d. dunning area 115. If you do not want to dun a vendor beyond a particular level a. use dunning key to limit the maximum level b. use dunning block on the vendor master c. use dunning clerk to block dunning d. use dunning block on the dunning procedure 116. If you want to chose a different set of fields in a vendor account line item display, you choose a different a. sort variant b. totals variant c. line layout d. additional fields 117. Which of the following statements are correct with respect to business area a. one business area can be used for many company codes b. business areas must be assigned to company code in the IMG c. they are used for internal P&L and balance sheets d. a company code can have many business areas 118. Which of the following statements are correct a. a plant is assigned to only one company code b. a company code must be assigned to one chart of accounts only c. a chart of accounts can be assigned to multiple company codes d. a plant can be assigned to many company codes 119. What are true with res pect to business area a. a company code can have many6. business areas b. a business area can be across company codes c. use of business area is not optional in R/3 system d. balanc e sheets and profit and loss statements can be drawn up for business areas 120. Which of the following statements may be false with respect to a business area a. the use of business area is optional b. a company code can have many business areas c. business area balanc e sheet will always balance d. none of the above 121. The standard delivery clients in a R/3 system are a. client 000, 001 and 002 b. testing client 777 and training client 999 c. client 001, 000,002 and training client 999 d. client 000 and 001 e. client 001, 000 , testing client 777 and training 999

122. What are all the possible meanings of the word client that have been used a. a customer implementing R/3 system b. an individual PC in which batch inputs are done for uploading to SAP at a later date c. the highest technical entity in R/3 d. the data server e. the front end presentation PC which interacts with SAP system 123. The three tier in R/ 3 system is represented by a. client, customer and application b. data, user and application c. user, data base, programs d. presentation client, R/3 application and data base e. application, data base and customer of R/3 124. The entity in R/3 to provide financial statements and results at the lowest level is a. company b. company code c. controlling area d. plant e. enterprise cont rolling 125. Which of the following statements is always false wit h respect to a company code a. a company code can have many plants b. a company code can have many companies c. a company code can be linked to only one cont rolling area d. a company code need not be linked to an operating concern e. a company code can have many sales organizations 126. Which of the following statements are always true a. a sales organization can be assigned to only one company code b. a company can have many company codes c. a company must be linked to a controlling area d. a company code must always be assigned to a company e. an operating concern can indirectly contain only one company code 127. Which of the following entities are optional to implement the core financial module of R/3 a. operating concern b. controlling area c. business area d. plant e. company code 128. The menu hierarchy in standard R/3 system is a. main menu, applic ation menu and task menu b. main menu, sub menu, task menu and help menu c. system menu, application menu and help menu d. main menu, applic ation menu and help menu e. client menu, application menu and user menu 129. For a user with two us er ids to the same SAP R/3 client, the maximum no. of sessions that could be open are a. six b. nine c. twelve d. eighteen e. twenty four

130. The order of fields as they appear during the log on to an R/3 system is a. client, user id, password b. language, client id, password c. client, user id, password, language d. user id, client, password, language 131. Which of the following is not seen by the user normally in the status bar of the SAP screen a. client number/id b. session number c. data server name/id d. user id/name e. information, error, and warming messages 132. A user has multiple sessions open and when open of the session is closed by the user a. the system does not automatically save the dat a/information of the session being closed b. system always prompts for saving the data in the session being closed c. system always automatically saves the data/information of the session being closed without prompting d. system prompts for saving the dta of the session being closed at the time of user log-off from the system 133. Which of the following entities cannot be directly assigned to a company code a. company b. business area c. controlling area d. functional area e. financial management area 134. ABAP stands for a. advances in business applications programming b. applications in business and advanced program c. advanc ed business applications programming d. advanced business for advanced program e. advantage in business applications programming 135. The configuration of the R/3 is done through a. the implementation guide b. the implementation assistant c. business navigator d. business engineer e. sessions manager 136. The ASAP CD contains a. the implementation guide b. implementation assistant c. concept check tool d. business navigat or e. Q&A Db 137. Which of the following statements are true regarding ASAP project preparation phas e a. the business blueprint document must be prepared b. enterprise scope area document must e prepared for initial project planning c. project plan must be prepared d. the project kick off meeting is very essential to involve all the key users and project team members to communicat e the objectives and mission of the project e. technical requirements planning must be taken up

138. Which of the following are true wit h respect business blueprint phase a. when customer inputs are updated on the Q&A db, there is a direct automatic updation of the IMG for the business processes/components in scope to be customized b. when the business processes are identified and updated in the system, a list of activities to be taken up in IMG for customization is generated c. the standard reference model of R/3 system cannot be directly accessed from the Q&A db d. business blueprint document shall be generated 139. Which of the following statements re true with respect to testing and quality reviews as recommended by SAP a. he volume and stress test must be conducted on the same system in which user training is done b. testing a tool which avoids retrospective changes and acts as an early warning system to correct the customization of business processes c. the power (key) users shall not be involved in the testing process as it would hinder timely completion of the activity d. there must be quality control of the first four stages before the go-live phase e. external consultants must always carry out quality control 140. What are the three data types in SAP a. master data, transaction dat a, and balance data b. master data, table data, and user data c. master data, table dat a, and transaction data d. table data, user data and transaction data e. master data, table data and server data 141. Various company codes access a controlling area should have a. same currency b. same fiscal year variant c. same chart of accounts d. same controlling organization structure TRUE/FALSE (142 to 159) 142. While parking a document, a temporary document number is created 143. When we canc el/delet e the parked document, another number is created 144. Number range in FI are at company code level strictly and year dependant 145. Which of the following are correct: a) resetting of cleared items creates more entries in the system; b) resetting of cleared items reinstates the original entries and clears the clearing entry; c) resetting of cleared entries will not do anything; d) for reversal of check payment document with clearing, resetting is a must 146. We cannot create G/L account only for chart of accounts, implying there is no company code data. 147. GR/IR clearing has to be done only manually 148. SAP can pay only to vendors 149. Payment advic e is a note of approval and cannot be used in payment of vendors 150. Credit management in SAP always refers to one customer, and has got no separate master data of amount limits

151. Creating of bank master is always at a country level 152. If the address of a company code needs to be changed, then, a) one needs to go to enterprise structure and at definitions, change the address; b) one has to go financial accounting global settings, and change the address; c) one needs to go to financial accounting company code global paramet ers, and change the address 153. Is it possible to book a vendor invoice 30% due in 30 days, 50% due in 15 days and 20% aft er a year? 154. Customer wants some standard texts to be maintained and noted which will be selected b y the users while entering G/ L line items. Is it possible to give this option in SAP? 155. Customer wants a warning message to be given to all users, when they post to previous year at the year-end. Is it possible? 156. In India, a Gujarat surcharge is passed at central level and is customized. But the condition was that it is valid only up to 31-3-2002. Is it possible to customize this? 157. As per customer requirements, different document types were created. Now he wants to get it automated while doing transactions like invoice and credit memo for vendor and customer. Is it possible? 158. Bank has debited the cash credit account interest and mentioned same in the bank statement. Can it be posted through bank reconciliation statement entry or does it need a separate journal entry to be passed? 159. SAP first posts to G/L, and then to sub ledgers 160. What are the three elements (servers) of R/ 3 system? 161. All the data and programs are stored in_____________ server in R/3 162. What is long form of BAPI? 163. BAPI is assigned to one and only one business object. TRUE/FALSE 164. What are the five milestones in ASAP methodology? 165. What are the new dimension products of SAP in cooperative business scenario? 166. What are the two major elements of mySAP.com? 167. To delete the current session, _______________ command is used 168. You can find transaction code for the function you are working in under ________ option of __________ menu 169. ________ key is used for help on fields, menus, functions, messages 170. User specific settings are done in ____________ option of ___________ menu 171. Highest level element of all organizational units is the _________ 172. _______________ area is business unit where cost accounting is carried out in SAP

173. Business areas are company code dependent. TRUE/FALSE 174. Company code is ____ character __________ 175. One chart of account cannot be assigned to more than one company code. TRUE/FALSE 176. Fiscal year variant can be of t wo types. Name them 177. In case of non-calendar fiscal year, annual displacement indicator is used. TRUE/FALSE 178. ___________ & ________ are two segments of a chart of account 179. In case of G/L account, number ranges are attached to G/L account. TRUE/FALSE 180. _________ chart of accounts is used for consolidation 181. Vendor account is defined at _________ level 182. More than one plants can be attached to a single company code. TRUE/FA LSE 183. Purc hasing is done by ____________ organiz ation for a ___________ 184. What are the three steps for standard procedure for posting procurement transactions in FI? 185. _____________ is central organizational structure in profitability analysis 186. One company code may contain several sales organizations. TRUE/FALSE 187. Receivables and revenues are posted when ___________ document is created in sales and distribution module 188. ____________ is the main criteria for defining an asset 189. ____________ are used to keep more than one valuation basis for depreciation 190. More than one cash journal can have the same cash account TRUE/FALSE 191. ______________________ are two elements of an SAP FI document 192. Document number range can be ____________ and __________ 193. In case of ___________ number range, same document number will be taken for new fiscal year 194. One number range can be assigned to several document types. TRUE/FALSE 195. One doc ument type can have more than one number range. TRUE/FALSE 196. Posting keys are defined at __________level 197. A field status within an FI document is controlled by three factors. Name them. 198. Several company codes can use the same posting period variant. TRUE/FALSE 199. ___________ is the dat e from which the due dat e is derived

200. If customer invoice is created in SD, then payment terms from __________ segment will be defaulted 201. ____________ posting is one of the methods of document reversal 202. While posting a parked document, document number is changed. TRUE/FALSE 203. Validations are performed before substitution. TRUE/FALSE 204. You can close a fiscal year even if you have parked documents. TRUE/FA LSE 205. All R/3 applications and functions process exchange rates using ______ and _______ quotation 206. _____________ keys contain further specifications for account assignment in tax calculation procedure 207. Base amount is either _____ or ________ item 208. Tax code contains the ________ 209. Reconciliation account type for vendor is ____ and customer is ____ 210. If an account is managed with open items, then ___________ must be activated 211. In consolidation, company codes are attached to __________ and business areas are attached to ______________ 212. Which of these statements on document principles are correct? a. R/3 can assign the document numbers always b. A business event triggers only one document within R/3 c. Each business event creates an accounting document within R/3 d. R/3 will link relat ed documents in the system 213. In the payment process, automatic options to the users are a. select open invoices to be paid/collected, post payment document b. post payment doc uments/print payment media c. select open invoic es to be paid or collected, post payment doc ument, print payment media 214. Which of the following are true. a. any payment block can be removed in payment proposal edit b. only line item payment block is removed during the payment proposal c. items that cannot be paid are detailed in the exception list 215. Which of these statements on payment program are correct a. there are four steps in payment proc ess, viz., parameters, proposal, program, print b. once the parameters have been specified, the print program is scheduled to generate payment media 216. E very run of the payment program is identified by two fields a. run date b. identification 217. Which of the following statements are true a. The run date is recommended to be the actual date when the program is executed b. The field identification is used to run print program

218. Which of the following statements are correct a. the G/L account name for house banks must match the names given to the house bank in the bank directory b. the G/L account names for house banks are us er definable c. the G/L account names for house banks could be the bank name and account number d. the G/L account names for house banks are defined in bank directory e. at company code level, G/L account names for house banks can be different from those in chart of account 219. Which of the following statements are true in respect to payment program configuration in all codes area a. sending company code and paying company code are same always b. by specifying the vendor/customer special G/L transaction to be paid, we can process specified special G/ L transaction only c. by activating payment method supplement, we can print and sort payments 220. Which of the statements are true in respect to configuration of payment program bank det ermination area a. without ranking order, system will not process the payment b. bank/payment method combination is must to define ranking order c. without maintaining the value date in bank selection, system will not process the payment 221. If we are using check management, which of the statements is true a. define check lots in order to print checks b. check lots are used only for automatic payments 222. True/ false a. all company codes in the payment run paramet ers must be in the same country b. a payment method can only be used if it is entered in the account master record c. the payment proposal can only be edited, deleted and recreated as often as desired d. the exception list is a part of the payment proposal 223. When running the dunning program a. we can edit proposal b. we cannot delete the proposal c. we can recreate the proposal until the dunning clerk is satisfied with the result d. after completing the dunning proposal list, dunning dat a is updated in master records 224. Which of the following statements are true a. one time accounts cannot be dunned b. we can assign two dunning procedures to customer master records c. dunning procedure can process only standard trans actions d. interest can be posted at the time of dunning 225. The maximum dunning level can be defined in the dunning procedure is a. four b. six c. nine 226. An item whose days in arrears are smaller or identical to the grace periods, dunning program will consider for the dunning notice. TRUE/FALSE

227. Which of the following statements are false a. we cannot specify per dunning level that interest is to be calculated b. we cannot print a dunning notice in a legal dunning procedure, although no further account movements have occurred c. we can set a minimum amount for the dunning charges on each dunning level 228. What information does a dunning run change? a. the date of the last dunning run in the customer master record b. the dunning level in the customer master record c. the dunning level in documents for which dunning notices are created d. from (layout set) specifications in the customer master record for the text in the next dunning letter e. the dunning procedure in the customer master record for the next dunning run 229. Which of these statements are true a. we can calculate interest on G/L accounts under interest on arrears method b. each interest id must be assigned on interest calculation type 230. Two steps to define financial statement versions are a. enter it in the directory of financial statement version b. define hierarchy levels and assign accounts 231. Which of the following statements are true a. a financial statement version consist of maximum 9 hierarchy levels b. we cannot assign account group according to balance c. drill down report is a tool that enables to analyze sub ledger transaction figures only 232. Individual value adjustment for doubt ful receivables are possible a. through special G/ L transactions b. through normal transactions c. both of the above 233. Foreign currency valuation is possible a. only vendor/customer open items b. only balance sheet items c. both of the above 234. Which of the statements are true a. when we are valuating open items without update for reversal of the adjustment posting after key dat e, user can define another posting date in place of key date +1 b. when we have regrouped the rec eivables/ vendors, system carries out adjustment postings c. allocating costs to financial accounting through external settlement, the G/L is updated online/realtime 235. Depreciation posting can be executed a. through batch input session b. direct FI postings c. any one of the above 236. To set up the financial statement version in your company, maximum limit is 9. TRUE/FALSE TRUE/FALSE (237 to 281) 237. G/L master record is always for all company codes in the system 238. currency is a required field entry while creating G/L master

239. we cannot control the postings to the G/L by way of tax codes entry for a G/L account. 240. tax codes are creat ed and operated at country level 241. tax codes are creat ed at company code level 242. tax codes are time dependant 243. juris diction codes are not used at all while creating tax codes 244. in AP and AR, account group cannot be created with external number range 245. reconciliation account definitions are available in general data of vendor master 246. reconciliation account definitions are available in payment data of general data in customer master 247. payment terms are company code dependent 248. it is not possible to calculate the due date on fixed dates like end of month with days calculation 249. SAP cannot automate the payment method entry into the vendor invoice entry screen 250. all special G/L transactions are posted to G/L accounts 251. it is possible to get the report of customers created by a user in a company code 252. clearing does not create any document 253. payment cannot be made by adjusting a special G/L transaction which is posted in G/L 254. partial payment creates another entry without any link to the original entry 255. down payment creates another ent ry without any link to the original ent ry 256. residual payment creates another entry keeping all entries open 257. it is not possible to use two check series for making payment 258. it is not possible to void unused checks 259. reversal of voided checks is a standard functionality of SAP 260. it is not possible to show the checks with a value range and issued by a user 261. it is not possible to create a due date for a down payment 262. SAP does not allow bill of exchange accounting 263. payment request clears the entries in AP and AR 264. posting key is linked to field status in FI posting 265. payment to anybody by passing a G/ L entry without AP/AR is a standard functionality of SAP 266. we cannot create manual checks for payment to business partners and update in the system 267. bank statement ent ry into the SAP does the automatic clearing

268. through bank statement ent ry, we can ent er the entries like bank debits for bank charges, commission, etc. which will make a direct posting into the G/ L 269. chart of accounts view of G/L account keeps the data like general data in customer account common data 270. whenever an FI entry is made, we want document header text to be a mandat ory entry. Customizing is available in G/L master and field status groups 271. it is not possible to see document currency and company code currency at the same time during document display option 272. document date, posting date, value date, base line date, system date and due date in the entry screen of customer/ vendor invoic e are the same 273. it is possible to define the standard translation method of foreign currency in the posting key 274. system allows you to enter the date interval from and to- in case of foreign currency translation rates 275. it is user definition whether SAP will control the open item selection 276. it is a real problem in SAP-in financial statement version we are not able to find the G/L accounts which are not assigned 277. MIS reports based on financial books like ratios can be done through financial statement version 278. all FI entries will be repeated in CO module also 279. physical invent ory is a MM/PP module transaction and hence no accounting entry is passed in G/L but real stock is adjusted in MM/PP 280. payment to vendor of a specific bill cannot be blocked in SAP 281. customer makes multiple checks for one invoice, and hands it over to the company which is running with SAP with all modules. It is not possible to enter in SAP by keeping all the check details and updating against one invoice 282. Company codes attached to the same controlling area have a. same operational COA b. same country COA c. same group COA d. different operational COA 283. every transaction results in a document a. partially true b. completely true c. completely false 284. the field status of the text field in the header of a document is controlled by a. account type b. document type c. field status group d. posting key

285. which of the statements are true a. SAP supports a maximum of 999 line items b. SAP supports a minimum of 1 line item (except for noted item) c. The transaction figures in a document need to match 286. Cross company posting is possible for companies with different COA a. Completely true b. Completely false 287. Reconciliation accounts are updated on a daily basis a. completely true b. partially false c. completely false 288. the field status of the field group account number in the G/L master is controlled by the account group a. completely true b. partially true c. completely false 289. the field status of the fields in the company code data are controlled by a. account group b. account type c. transaction/activity type d. chart of accounts 290. the rates of tax is defined in the account key a. partially true b. completely true c. completely false 291. the alternative account number is a free flowing field a. partially true b. completely true c. completely false 292. set data sets the dcata permanently in the system, whereas the hold data function does it till the session is on a. partially true b. completely true c. completely false 293. when the same field has both a validation rule and a substitution rule a. It causes an error b. validation takes priority c. substitution takes priority d. the rule that was created first takes priority 294. the cross company code transaction number is taken from its document type a. completely true b. partially false c. completely false 295. for every G/L account, a primary cost element needs to be created immediately if the company code is assigned to a controlling area a. completely true b. partially true c. completely false

296. a fiscal year that is a same as a calendar year needs a year dependent fiscal year variant a. completely true b. partially true c. completely false 297. many business areas can be assigned to one company code a. completely true b. partially false c. completely false 298. every company code can have only one cash journal a. completely true b. partially false c. completely false 299. every line item of a document needs to have a unique posting key a. completely true b. partially false c. completely false 300. the document number range for reconciliation accounts can have external numbering a. completely true b. partially false c. completely false 301. if business area balanc e sheets are enabled for a company code, then the field business area in the account assignment screen can be a. suppressed b. optional c. display d. required 302. field status groups are created at the client level a. completely true b. partially false c. completely false 303. there can be any number of posting periods open for a company code a. partially true b. completely true c. completely false 304. posting periods can be closed automatically by giving a deadline date a. completely true b. partially false c. completely false 305. keeping posting period for account type + open allows a. creating a document header for the posting period b. creating all line items for the posting period c. creating line items for account types which have been assigned to + d. creating line items for account types whose posting period is open 306. a vendor invoice needs a GR to be posted a. completely true b. partially true c. completely false

307. for getting the transaction figures for an account line item display needs to be activated a. completely true b. partially false c. completely false 308. all line item display accounts need to be open item managed a. completely true b. partially false c. completely false 309. documents cannot be reversed a. if the company code does not allow negative postings b. if document type does not allow negative postings c. if the document type does not have a reversal document type attached to it d. if no reversal reason is created and assigned 310. base line date is a. the document date b. posting dat e c. entry date d. all of the above e. any of the above 311. base currency is assigned to the company code a. completely true b. partially false c. completely false 312. tax calculation rules are controlled by a. condition types b. account key c. tax code d. tax procedures 313. every company code must have a. operational COA b. a country COA c. a group COA d. at least two COAs 314. the account group must be for P&L items for accounts which are P&L accounts a. completely true b. partially false c. completely false 315. every house bank needs to have at least one account id a. completely true b. partially false c. completely false 316. bank G/L accounts are assigned to house banks, and all accounts under the house bank have the same G/L account a. partially true b. completely true c. partially false d. completely false

317. the user can create his own trans actions types for cash journal business transactions a. completely true b. partially false c. completely false 318. noted items a. create only one line item b. need to be identified in the special G/L trans action type as a noted item c. are always available for credit control 319. which of the following statements are true a. special G/L items post into a separate reconciliation account b. the reconciliation account for the special G/L transactions is defined per company code c. statistical postings create only one line item 320. The vendor master contains data at a. general, company code and purc hasing organization levels b. general level only c. company code only d. general and purchasing organization levels only 321. posting using the special G/L indic ator updat es a. sub ledger only b. sub ledger and the general ledger accounts c. general ledger account only d. none of the above 322. the automatic payment program can be run for a. vendor accounts only customer accounts only b. vendor and customer accounts c. all of the above 323. the document date a. must be in the same period as the posting date b. must be in a period higher than the posting date c. must be in a period lesser than the posting date d. can be in any period independent of the posting dat e 324. vendor invoices can be entered in a. FI module only b. MM module only c. FI & MM modules d. FI, MM and S D modules 325. When the automatic clearing program is executed, the base doc uments are a. cleared and delet ed from the system b. cleared, deleted and archived from the system c. cleared in the system d. none of the above 326. where can the vendor master be created a. centrally b. in the MM module only c. in the FI module only d. all of the above

327. which of the following posting keys is relevant for accounting bills of exchange of a vendor a. 11 b. 21 c. 39 d. 19 328. which of the following are valid additional account assignments a. project b. allocation c. payment term d. none of the above 329. a residual item posting in the vendors account a. generates a new line item b. reduces the value in the original invoice line item c. revers es the original line item d. generates a parking document 330. what is the maximum permissible length of an internally generated vendor number a. 6 b. 10 c. 12 d. 18 331. house bank ids can be a. alphabets only b. numeric only c. alpha numeric d. any of the above 332. posting to an expense account needs a. cost object assignment b. a cost and revenue object assignment c. revenue object assignment d. none of the above 333. the customer master cont ains data at a. general, company code and sales organization levels b. general level only c. company code only d. general and sales organization levels only 334. in the standard system the posting key 25 refers to a. credit to customer account b. debit to customer account c. debit to vendor account d. credit to vendor account 335. the dunning program can be configured for a. sending reminder letters only b. sending reminder letters and creating debt provisions c. creating debt provisions only d. any of the above

336. when posting to a one time vendor or customer a. it is not possible to store the address details b. the address details have to be entered into the master before the transaction is entered c. the address details are entered as a part of the transaction d. none of the above 337. which of the following sequences of creating master accounts is logically correct a. G/L, bank, customer b. Bank, customer, G/L c. Customer, G/L, bank d. None of the above 338. A down payment request makes a. a noted item posting in the vendor or customer accounts b. an actual entry in the customer accounts c. an actual entry in the vendor accounts d. an actual entry in vendor and customer accounts 339. where can the customer master be created a. in the SD module b. in the FI module c. centrally d. any of the above 340. which of the following posting keys is relevant for accounting guarantees received from a customer a. 01 b. 05 c. 09 d. 19 341. which of the following posting keys is relevant for accounting guarantees given to a customer a. 01 b. 05 c. 09 d. 19 342. which of the following posting keys is relevant for accounting bills of exchange of a customer a. 01 b. 05 c. 09 d. 19 343. interest calculation can be done for a. vendor accounts b. customer accounts c. G/L accounts d. All of the above 344. Incoming payments a. can post and clear vendor and customer line items b. can clear without posting c. can post, clear and delete the base invoices d. none of the above

345. what is the maximum possible length of an internally generated customer number a. 6 b. 10 c. 18 d. 24 346. what field on the customer master rec ord controls whether we will accept an incoming payment for less than the amount invoiced a. sort key b. tolerance group c. payment method d. bank key 347. what are the organizational entities for which the profit and loss statement and balance sheet can be generated a. company code and business area b. company code and profit center c. profit center and business area d. cost center and profit center 348. which of the following statements is true a. one company code can use multiple chart of accounts b. one chart of accounts can be used by multiple company codes c. one chart of accounts can contain only one chart of accounts 349. which of the following fields can be changed in the document change mode a. allocation b. posting dat e c. document date d. G/L account no 350. When a document is parked a. the actual document number is generat ed but the document is not posted b. a temporary document number is generated but the document is not posted c. the document is posted with the actual document number d. the document is posted with a temporary document number account number 351. what is the no. of periods available in a fiscal year a. 12 b. 14 c. 16 d. 52 352. what is the maximum no. of line items allowed in an accounting doc ument a. 2 b. 50 c. 100 d. 999 353. which of the following statements is true a. one document type can use only one number range b. one document type can use multiple number ranges c. one account can be posted to by only one number range d. one number range cannot be used by multiple document types

354. what is the maximum permissible length of a G/L account number a. 6 b. 8 c. 10 d. 18 355. the fields available for posting in a transaction are controlled through the field status group at a. posting key level only b. posting key and G/L account levels c. G/L account level only d. None of the above 356. a parked document can be a. modified b. deleted c. posted d. all of the above 357. when is the business area level balance sheet self balanced a. always b. never c. when the business area clearing closing procedure is run d. when the materials management period closing is complet ed 358. what is the number of sub levels at which accounts can be grouped in the financial statements version a. 3 b. 6 c. 9 d. 12 359. which of the following is true a. any accounting document can be reversed b. only documents posted through the parking method can be reversed c. only documents with external numbering can be reversed d. only documents with internal numbering can be reversed 360. a transaction can span a. multiple company codes b. multiple business areas c. multiple cost centers d. all of the above 361. the currency for a document is determined for a. the whole doc ument b. each line item c. a group of line items d. none of the above 362. the document currency a. can be any currency b. must be the company code currency c. is the currency of the chart of accounts d. must be the currency defined in the G/L master

363. the local currency of a transaction a. can be ent ered by the user b. is always the company code currency c. is the currency of the chart of accounts d. is determined by the country field in the customer/ vendor masters 364. what dictates whether a document line item requires a tax code a. tax code in the vendor/customer masters b. tax category in the G/L master c. optional ent ry in every transaction d. none of the above 365. what sort key is used to sort line items by document currency amount a. 001 b. 003 c. 005 d. 006 366. an account with automatic posting only indicator can be posted from a. FI module only b. Specific modules other than FI c. CO module only d. HR & PP modules only 367. What is meant by the option open items management in a G/L account master record a. items on that account can never be cleared b. items on that account can be cleared c. no balances are available for that account d. none of the above 368. what is meant by the option line item display in a G/L account master record a. only line items can be displayed b. only balances can be displayed c. line items and balances can be displayed d. none of the above 369. the automatic payment program a. generates payment orders only b. generates payment orders and accounting trans actions c. generates accounting transactions only d. none of the above 370. Benefits of integration are a. processes can be done concurrently, rather than consecutively. This reduces process time b. data moves through internet plat form and access becomes faster c. eliminates duplicate entries d. single entry accounting becomes easier 371. R/3 is called so because a. it requires three servers b. it integrates three basic modules, viz., FI, logistics and HR c. it has three tier architecture representing database, application and front end presentation d. it has three tier architecture representing GUI, BAPI and RCF

372. application modules supported by R/3 include a. FI, CO, TR, SD,MM, PP, PM,QM,HR,PS,WF,IS b. FI,CO, TR,SD,MM,PP,PM,QM,HR,PS,WF,IS,EC c. FI,CO, TR,SD,MM,PP,PM,QM,HR,PS,WF,IS,EC,CCP C,CPPA d. FI,CO, TR,SD,MM,PP,PM,QM,HR 373. In standard business process of a manufacturing organization a sales order would trigger in another application a. MPS b. MRP c. Purchase requisition d. Goods delivery 374. Main components of FI are a. GL,AR,AA,LC, TR b. GL,AR,AP,AA,TR c. GL,AR,AP,AA,LC,TR, CM d. GL,AR,AP,AA,LC,TR, TM 375. Main components of CO are a. COOM, COP C,COPA,ECP CA,COTM b. COOM, COP C,COPA,ECP CA,COCCA c. COOM,COP C,COPA d. COOM, COP C,COPA,ECP CA 376. The sequence of business processes (related to RM or Prod.) in MM can be described are a. PR-MRP-GR,INVOICE b. PR-PO-GR-INV OICE VERIFICA TION c. PR-PO-GR-INVOICE VERIFICA TION-VENDOR PAYMENT d. PR-PO-GR-INV OICE VERIFICA TION-RE CEIP T OF DIS COUNT FROM VENDOR 377. It is a must to create group company before any transaction processing a. completely true b. partially true c. completely false d. partially false 378. it is a must to create company code before any transaction processing a. completely true b. partially true c. completely false d. partially false 379. business area is a legal entity for which you need a balance sheet a. completely true b. partially true c. completely false d. partially false 380. client is the highest level organization a. completely true b. partially true c. completely false d. partially false 381. many company codes can be attached to one plant a. completely true b. partially true c. completely false d. partially false

382. many company codes can be assigned to one controlling area a. completely true b. partially true c. completely false d. partially false 383. operating concern can encompass several controlling areas a. completely true b. partially true c. completely false d. partially false 384. credit control area is a concept in CO a. completely true b. partially true c. completely false d. partially false 385. master data is created with the help of IMG a. completely true b. partially true c. completely false d. partially false 386. transaction dat a is core information that is shared across applications a. completely true b. partially true c. completely false d. partially false 387. the user specific defaults are possible if setting is done in a. user profile b. company code parameters c. session managers d. terminal 388. customized report trees are created through a. transaction menu of information system b. master creation of reports c. IMG d. Standard report functionality 389. Variant creation helps in a. calculating variance between actual and standard b. processing repetitive transactions c. to coy repetitive field values in master creation d. to be a standardized selection criteria for repetitive use required to run program 390. credit control area may consist of one or more company codes a. completely true b. partially true c. completely false d. partially false 391. credit control area is used a. by the SD and A R components to provide integrated credit management b. by FI/AP to prove credit wort hiness to vendors c. independently by FI to monitor customer credit d. independently by SD to monitor customer credit

392. a company code can be assigned with a. three chart of accounts b. two charts of accounts c. only one chart of account d. a chart of account called as operating chart of account 393. association between numbers from group chart of account and/or country/alternate chart of account can be established in a. company code global parameters b. master data of ledger account from operating chart of account c. group company details d. country details 394. account groups which are assigned in account master creation helps a. to determine which fields should be suppressed, required or optional while processing transaction b. to determine which fields should be suppressed, required or optional while creating master in company code area c. to determine which fields should be suppressed, required or optional while processing transactions and master both d. in grouping the accounts with specific logic and assign specific number interval 395. there are two areas-chart of account and company code-in which G/L account master has to b e created because a. data can be distributed and easy to proc ess b. the same chart of account can be assigned to several company codes c. the company specific features can be maintained in company code areas d. creation of G/L can be done in two stages 396. house banks are banks a. which are used by the company code in which they are created b. which are used by customers/ vendors c. located in the same building where company is located d. which are nationalized 397. primary cost element is related to a. G/L account code in one to one relationship b. G/L account code in one to many relationship c. Several secondary cost elements to group them d. Internal order 398. It is a must to assign a standard hierarchy in cost center master a. completely true b. partially true c. completely false d. partially false 399. statistical order permits a. settlement to cost center b. application of overhead to them c. evaluation of costs which cannot be itemized in detail cost element or cost center accounting d. costing of product 400. for every transaction, system generat es at least a. 4 documents b. 3 documents c. 2 documents d. 1 document

401. transactions which have a financial impact generate along with other documents a. material document b. SD document c. System document d. Accounting document 402. Purc hase order creation is an example of transaction a. which also triggers accounting document b. which does not creat e any accounting document c. which creates document in SD d. which triggers document in PP 403. document has the following sections a. title and details b. open item and line items c. header and line items d. coding block and line items 404. document type is assigned in the line item section of document a. true b. false 405. document type allows more than one account types while processing the particular document type a. true b. false 406. number range id is assigned in a. account type b. document type c. document header d. document line item 407. following are the account types a. A,D,K,M,S b. A,D,K,M,S,B,S c. A,D,K,M,S,T d. A,D,K,M,S,P,L 408. Number range can be defined as a. only internally system generated b. only externally assigned by user c. either externally or internally d. both externally and internally at the same time 409. posting keys determine a. account groups to which account numbers belong b. debit/credit, account type and field status of the transaction c. debit/credit, account type, account group and field status of the transaction d. document type, account type and field status of the transaction 410. the relationship between calendar months and posting period is defined in the properties of a. posting period variant b. field status variant c. fiscal year variant d. global parameters of company code

411. only one company code can be attached to a posting period variant a. true b. false 412 fiscal year can have a. maximum 12 regular posting periods and 4 special periods b. any number of posting periods c. 16 regular periods d. 16 special periods 413 account type essentially controls a. account group which can be assigned to the account code b. which account-G/L, customer, vendor, material, or asset can be used in a line item of transaction posting c. tolerance level of the accounts involved d. document type which can be used 414 account group in the context of G/ L account determines status of fields in a. transaction b. chart of account segment of master dat a c. company code segment of master data d. none of the above 415 field status variant and posting key both determine field status in a. chart of account segment of master dat a b. company code segment of master data c. document type d. none of the above 416 negative postings cause transaction figures of the account a. changed b. unchanged c. double d. none of the above 417 for negative posting, negative posting indic ator needs to be checked a. only in document type b. only in company code global parameters and reason code properties c. only in document type, company code global parameters and reas on code parameters d. none of the above 418 following and the FI functionality offered for speedy posting a. posting with reference, recurring entries, account assignment models, G/L fast entry screens b. only G/L fast entry screens c. only recurring ent ries d. none of the above 419 Terms of payment can be assigned to a. G/L master b. Customer or vendor master c. Transaction processing for customer/ vendor d. None of the above 420 Base line dat e is a. a date on which payment becomes due b. from which due date is calculated depending on the settings in payment terms c. a base date after which discount lapses d. none of the above

421 Due date and cash discounts are dependent on a. settings in company code b. credit management settings c. payment term d. payment method 422 currency assigned in company code master is a. transaction currency b. group currency c. hard currency d. local currency 423 validations are used a. to substitute values in fields b. to support data ent ry c. to validate the data being entered is meeting certain criteria when certain prerequisites are met d. none of the above 424 parking of document is a functionality a. which can be used to complete and post subsequently the documents which are incomplete b. to hold the document for the new session c. to process documents faster d. none of the above 425 dunning proc ess is used a. to generate payments b. to remind customer/ vendor of account arrears c. to remit the payments d. none of the above 426 opening and closing of posting period is done a. customization of fiscal year b. customization related to opening and closing of posting period c. definition of posting period variant d. none of the above 427 updating of reconciliation account a. happens on a daily basis b. is real time update c. happens after the end of the posting period d. none of the above 428 customer and vendor master can b e maintained a. only in FI b. only in SD/MM c. centrally as well as in respective functional areas d. none of the above 429 Customer master is divided into a. two sections-company code and sales area b. three sections-general data, company code and sales organization c. four sections-general data, company code, salas organization and production d. none of the above 430 Function of toleranc e group is a. is to set tolerance level for foreign exchange b. is to define us er groups with different amount limits for documents and line items c. grouping toleranc e levels of specific nature d. none of the above

431 posting keys are defined at a. business area level b. company code level c. client level d. none of the above 432 every company code must have its own document type a. true b. false 433 the standard posting keys used for G/L posting are a. 40, 50 b. 19, 20and 40 c. 50, 39 d. none of the above 434 in case of cross company code transactions a. one has to post two documents individually b. posts a document in one company and system generates another doc ument in concerned company wit h common link of cross company code transaction number c. system links documents based on user given number in cross company code transaction field d. none of the above