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monday, january 25, 2010

New GL FAQs
1. In New GL, how would you incorporate companies with different fiscal years if you wanted to assign them to the same controlling area? A. Create company codes with the same fiscal year variant and assign the company codes that have a different fiscal year to non-leading ledgers with the appropriate fiscal year variant. 2. What are the necessary elements required to create a customer-specific drilldown report for New General Ledger Accounting? A. Form and Characteristics. 3. How many possibilities are possible with New General Ledger? Choose all that apply. A. Account balancing with any characteristic B. Customer Fields Extensibility C. Segment Reporting D. Reduction of Total Cost of Ownership E. Transparency and Uniformity (All are correct) 5. What are the advantages of using the New General Ledger? Choose all that apply. A. Extended data structure B. Document (Online) Split C. Real Time Integration between CO and FI D. Multiple Ledgers can be maintained under leading ledger. E. Interfaces for entering the data and postings are nearly identical. (All are correct) 6. True or False: Please choose the correct answer. A. the New GL is optional for existing SAP Customers. True 7. What Customizing transaction will activate the New General Ledger? A. FAGL_ACTIVATION

8. After Activating the New GL, what following changes will take place? A. There will be new Paths for New GL in addition to existing (Old) GL. B. Conventional Financial Accounting Paths will remain at their present form. C. Old paths can be eliminated by running RFAGL_SWAP_IMG_OLD (All are correct) 9. What will be the New ledger definitions after the activation? A. Control Parameters (as before) will be from company code. B. The leading ledger will manage local currency(s) assigned to company code. C. New GL will use the same Fiscal Year Variant and Posting Period Variant that is assigned to company code. (All are correct) 10. Choose the correct answer(s). A. After activation, Financial Accounting Document will have two views: the entry view and the GL View. True B. Entry View will be the same in sub-ledgers (AR / AR / AA / Taxes). True 11. The depreciation position program RAPOST2000 can be used to record the following: A. Ordinary (book and cost-accounting) depreciation. B. Tax special depreciation or the allocation and write off of reserves for special depreciation on the basis of tax special depreciation C. Unplanned depreciation (or other manually planned depreciation) D. Imputed interest E. APC revaluation below/above the accumulated depreciation ((All are correct) 12. The posting period can be defined for each A. Company code B. Accounting principle C. Accrual type

(All are correct) 13. Which of the following are advantages of document splitting? A. Accelerate closing B. Increased data quality C. Extensibility and flexibility (All are correct) 14. Which of the following is not correct? A. The main ledger generally reflects the accounting principle used to draw up consolidated financial statements. B. The main ledger is the only ledger that is integrated with controlling module by default. C. For parallel financial reporting, other ledgers cannot be used in addition to the main ledger.(Not Correct) D. Consolidated financial reporting is normally mapped with main ledger 15. Splitting process can be divided into following steps A. Active split, Passive split, and Clearing lines/zero balance formation by document 16. Which of the following are correct about periodic allocation? a) Both Distribution & Assessment can be applied as a Periodic Allocation Technique in the New Ledger. However Periodic Reposting is not used. b) Statistical Key Figure presently cannot be used as a Tracing Factor. c) Distribution Generates a FI Document as an output. d) A separate Assessment account needs to be defined for New General Ledger as a GL Account that is not a secondary Cost Element of category 42. (All are correct) 17. Which of the following are advantages of ledger solution? a) You maintain a separate ledger for every accounting principle b) You can use different fiscal year variants in this scenario

c) The number of G/L accounts is manageable (All are correct) 18. Which of the following are migration principles? a) Date of Migration is at the beginning of a Fiscal Year (Current or Future) b) Year End closing of the Old Fiscal Year must be completed prior to migration and Activation of New GL. c) After successful data Migration, New GL will be activated. (All are correct) 19. Which program hides the old paths in the new general ledger? A. RFAGL_SWAP_IMG_OLD posted by murthy pillutla at 7:04 am

2 comments:
srinu said...
HI SIR ABOUT MY SELF I AM SRINIVAS FROM ANDHRAPRADESH IN INDIA . I FELL VERY HAPY TO MEAT IN YOUR BLOG. I HOPE I CAN BE RECEIVE A REPLY FROM YOU.AND I AM DID MY SAP FI/CO TRAINING HERE. I AM LOOKING TO PICKUP A JOB IN SAP . I COMPLETED MY MBA IN 2007. I HAVE 2.6 YEARS OF EXPERIOUNCE IN DOMINE. IF YOU HAVE ANY INFORMATION ABOUT SAP OPENINGS PLEASE REFER ME . I MEAN PLEASE GIVE ME DETAILS ONLY .I CAN FOLLOW UP ONLY. THANKING YOU SIR SRINIVAS January 26, 2010 10:06 PM

murthy said...
Hi Srinivas, If you want to get into SAP FICO positions in USA,you better Contact Mr. Krishna

Iyyangar who himself a SAP FICO, Charted Accountant, US Citizen, living in Chennai, and working on USA SAP FICO Projects. He is very senior, and owning a Consulting Company in USA.So try to contact him at 44-24939310 ,refer my name (Murthy Pillutla Chicago USA).He will give some directions how to / what to do to get into market as a SAP FICO. Give me the feed back after talking to him. Good luck
You can assign a business area to a company code directly. True False. Reconciliation accounts are updated once a day. True False. You can always display the line items of a G/L account. True False. G/L accounts with open item management must have line item display. True False. G/L accounts that are managed in local currency can only be posted to in this currency. True False. G/L accounts that are managed in a foreign currency can only be posted to in this foreign currency. True False. Because the company codes use different operational charts of accounts, you cannot carry out crosscompany code controlling. True False. Do segments have a time reference? True False. Are segments assigned to a hierarchy? True False. Can I assign the same segment to multiple profit centers? True False. The customer/vendor accounts must always be maintained centrally. True False. One number range can only be assigned to one account group. True False. Every company code may define its own document types. True False. Every company code may define its own document number ranges. True False. At the beginning of a new fiscal year, the system always starts the document number assignment again at the start of the number range. True False. Document number ranges must not overlap. True False. In New GL, how would you incorporate companies with different fiscal years if you wanted to assign them to the same controlling area? Please choose the correct answer. Use the same fiscal year variant for all company codes and do a reversible close for the company codes that have different fiscal years. Use the same fiscal year variant for all company codes and set up parallel accounting for company codes that have different fiscal years. Create company codes with different fiscal year variants and assign them to the same group company for reporting purposes. Create company codes with the same fiscal year variant and assign the company codes that have a different fiscal year to non-leading ledgers with the appropriate fiscal year variant. When parking a document, which of the following occurs in the system? Please choose the correct answer. The document number is assigned and transaction figures are updated. The document number is not assigned and transaction figures are not updated. The document number is assigned but transaction figures are not updated. The document number is not assigned but transaction figures are updated. Which are the necessary steps to create a validation? Please choose the correct answer. Prerequisite, check, update, control Check, update, message Check, control, message Prerequisite, check, message. Your customer wants to add a new company code and asks you to make the configuration settings for document types and number ranges. What do you have to do? Please choose the correct answer. Allow all document types for the new company code. Define number ranges for the new company code. Set a second number range for all document types. No additional settings are necessary. Which object has to be used to avoid a change of the reconciliation account in the customer's master

data? Please choose the correct answer. The field status of the customer account group. The field status of the posting key. The field status group of the reconciliation account. The field status of the activity. Which objects can be assigned to an asset master record? There are 3 correct answers to this question Cost center. Internal order. Profit center. WBS element. Profitability segment. What is the purpose of account determination in the accrual engine? There are 2 correct answers to this question. To determine the document type. To determine the CO object. To determine debit and credit accounts. To determine the correct posting period. For which scenario can you use the cash journal? Please choose the correct answer. To manage cash in local branches and offices. To make remittances to vendors. To post incoming and outgoing payments in any transaction currency. To record documents that will not be included in the general ledger. Which of the following are interactive functions available in the SAP List Viewer. There are 3 correct answers to this question. Dual control. Sorting. Master data modification. Summation. Filters. What are the necessary elements required to create a customer-specific drilldown report for New General Ledger Accounting? There are 2 correct answers to this question. A form. Characteristics. Variables. A report header. (*) Which of the following statements are correct? More than one chart of accounts can be created for each client The chart of accounts contains all the G/L accounts, vendor accounts and customer accounts More than one company code can be allocated to the same chart of accounts The chart of accounts controls all the customising settings in the R/3 system All accounts within a chart of accounts must have the same tax code. (*) What status reports does Cash Management and forecasting include? Cash management position Liquidity forecast Credit limit report G/L account balances Bill holdings. (*) Which of the following are clearing procedures in accounts receivable? Incoming payment Down payment request Credit memo Transfer posting. (*) When creating an Overhead Cost Order, the first order information which must be entered is: Order status Order type Settlement type Currency Classification code. (*) When creating an Overhead Cost Order, the settlement rule must be entered in the control data. Which settlement receivers are available for internal orders? Cost center Orders General ledger accounts Asset Vendor. List the four steps in the payment program. Maintain parameters Proposal run Execute a payment run Printing Payment Media Forecast cashflow Email Vendors. Name the five areas into which the payment program configuration is divided. All company codes Paying company codes Payment method/country Payment method for company code Bank selection Paying postal code Payment . The sequence in which the payment methods are entered in the _______ __________ reflects their priority. The payment program needs the ____ _______ ____ to determine whether an open item has to be paid now or in the next payment run. The __________ specify the accounts and documents that are to be included in the payment run