ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTING FI PAPER: 2

1. Every 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 . Each !"# account code in group COA can be mapped to following no. of account codes in operating COA a. only one account code b. ma$imum three account codes c. many account codes d. it cannot be mapped %. Each account code in alternate COA can be mapped to following no. of account codes in operating COA a. only one account code b. ma$imum three account codes c. many account codes d. it cannot be mapped &. 'arious account groups in one COA cannot consist of common !"# account codes. ()*E"+A#,E -. +ollowing 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 .. Each account code in a chart of accounts is automatically available for use to all company codes using that chart of account ()*E"+A#,E /. 0hich 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 1. 0hich of the a. account b. account c. account d. account following statements are false groups are defined at client level groups are defined for a company code groups are defined at COA level groups are defined for a combination of COA and company code

2. 0hich 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

ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTING FI PAPER: 2 13. 0hich 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 mandatory while entering a customer master 11. 0hich of the following statements are true a. for creation of vendor master, account group is not re4uired b. a vendor master cannot be created in the absence of a company code 1 . Customer master has following segments a. chart of account segment b. general data segment c. purchase organi5ation segment d. accounting data segment e. sales organi5ation data segment 1%. A document is uni4uely identified by a. document no. b. company code c. fiscal year d. document date e. period a and e6 a and b6 a, b and c6 a,d,e6 a,b,e

1&. 0hich of the following statements are correct a. document nos. can be alphanumeric b. +ield status for a transaction entry is transaction dependent and account dependent c. 7ocument type controls posting 8ey, field status group, and gl accounts that can be used in the document d. 7ocument types are specific to a company code 1-. (he relationship between house ban8 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 1.. 9usiness 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 1/. :f 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

ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTING FI PAPER: 2 c. only account control and account management data in company code segment d. entire master data 11. 0hile 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 data d. only account control and account management data from company code segment e. only control data of COA segment 12. A !"# account can be bloc8ed 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 bloc8ed at all e. if bloc8ed, is bloc8ed for all the purposes in all the company codes 3. A different field status can be achieved for different actions such as creation of account or change in master record, etc. ()*E"+A#,E 1. Customer and vendors are defined in ,A; at following level a. at company code level b. at client level c. at controlling area level d. at company level . 0hich 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 e$ternal or internal numbering system e. one account group can have one internal and one e$ternal numbering system %. A customer account can be bloc8ed 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 bloc8ed at all e. if bloc8ed, is bloc8ed for all the purposes in all the company codes &. Changes in customer or vendor master are trac8ed and can be seen in ,A;. ()*E"+A#,E

ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTING FI PAPER: 2

KEY

1. C,7 . C %. A &. ( -. 9,7 .. ( /. A<+,9<+,C<(,7<+ 1. A<+,9<+,C<(,7<+ 2. A<+,9<+,C<(,7<+ 13. A<+,9<(,C<(,7<+ 11. A<+,9<( 1 . 9,E 1%. C 1&. A<(,9<(,C<+,7<+ 1-. A,9 1.. A 1/. 9 11. C 12. A,9,C 3. ( 1. 9 . A,C,7 %. 9,C &. (