80 Questions SAP FI/CO - Test 4

1.

Consider the following sentences:

1.1. A fiscal year has to be defined by means of separating business
transactions into different periods.
1.2. Special periods are used for postings, which are related to the process of
the year-end closing. In total, 16 special periods can be used.
1.3. The Fiscal Year variant only defines the amount of periods and their
start and finish dates.
1.4. The Fiscal Year is defined as a variant, which is assigned to the chart of
accounts.
Which of them are true?
a) [
b) [
c) [
d) [
e) [

2.

What of these alternatives are considered master data (Note: we can have
more than one correct sentence. Please select the sentences you think they are
correct)?
a) [
b) [
c) [
d) [
e) [

3.

] 1.1 and 1.2.

] 1.1 and 1.3.
] 1.2 and 1.3.
] 1.2 and 1.4.
] 1.3 and 1.4.

] Chart of Accounts.
] G/L Accounts.
] Vendor.
] Customer.
] Asset.

What can we define into the chart of accounts customizing transaction (OB13
transaction, Note: we can have more than one correct sentence. Please select
the sentences you think they are correct)?
a) [
b) [
c) [
d) [
e) [

] Description.
] Maintenance language.
] Length of the company code.
] Length of the G/L account number.
] Blocking / unblocking chart of accounts.

4.

Every company code that needs to use an account from the assigned chart of
accounts has to create its own company code segment.
a) [ ] True b) [ ] False

5.

During year end for P+L statement accounts, the balance is carried forward
to the same account.

a) [ ] True b) [ ] False
6.

In the chart of accounts segment, it is necessary to indicate whether the

account will be a balance sheet or a profit+loss statement account.
a) [ ] True b) [ ] False

7.

Number intervals for G/L account master records can overlap.

a) [ ] True b) [ ] False

8.

It is not possible to influence the appearance of an accounts master data.

a) [ ] True b) [ ] False

9.

Consider the following sentences about field status:

9.1. Fields which are _____________ can be ____________.
9.2. Fields which have an entry that ________________ can be set to
_________ only (even in change mode).
Which of the options below matches the blank spaces of those sentences?
a) [
b) [
c) [
d) [
e) [

10.

] used/supressed for 9.1; must be changed/display for 9.2.

] not used/supressed for 9.1; must be changed/display for 9.2.
] not used/optional for 9.1; should not be changed/supressed for 9.2.
] not used/supressed for 9.1; should not be changed /display for 9.2.
] used/optional for 9.1; must be changed/display for 9.2.

Consider the following sentences about field status:

10.1. Fields which _____________ can be made ____________.
10.2. Fields that can be entered, but are not required, can be set to _________
entry.
Which of the options below matches the blank spaces of those sentences?
a) [
b) [
c) [
d) [
e) [

] must not have an entry/optional for 10.1; suppresed for 10.2.

] must have an entry/supressed for 10.1; suppresed for 10.2.
] must have an entry/optional for 10.1; optional for 10.2.
] must have an entry/required for 10.1; optional for 10.2.
] must not have an entry/required for 10.1; optional for 10.2.

11.

Since the line item display takes up additional system resources, you should
only use it if there is no other way of looking at the line items. So, you should
not activate the line item display for the following accounts (Note: we can
have more than one correct sentence. Please select the sentences you think
they are correct):
a) [
b) [
c) [
d) [
e) [

12.

] Bank Clearing
] Reconciliation.
] Revenue.
] Material Stock.
] Tax.

Consider the following statements:

12.1. Accounts with open item management must have line item display
activated.
12.2. You can activate or deactivate open item management everytime, even if
the account hasnt a zero balance.
12.3. You can select both local and foreign currencies as account currency.
12.4. If the account is the local currency, the account can only be posted to
this currency.
12.5. When using the Only Balances in Local Currency indicator in the
master data record, transaction figures are only managed for amounts
translated into local currency.
Which of the above statements are true (Note: we can have more than one correct
sentence. Please select the sentences you think they are correct)?
a) [ ] 12.1.
b) [ ] 12.2.
c) [ ] 12.3.
d) [ ] 12.4.
e) [ ] 12.5.

13.

The Only Balances in Local Currency indicator must not be set in

reconciliation accounts for customers or vendors.
a) [ ] True. b) [ ] False.

14.

The Only Balances in Local Currency indicator is usually set in balance

sheet accounts that are not managed in foreign currencies and not managed
on an open item basis.
a) [ ] True. b) [ ] False.

15.

Accounts with a foreign currency as an account currency can be posted to

any currency.
a) [ ] True. b) [ ] False.

16.

You can use a group chart of accounts for internal purposes.

a) [ ] True. b) [ ] False.

17.

What is the disadvantage of using the group chart of accounts (Please choose
the correct sentence)?
a) [ ] Because changes to existing G/L Accounts are effective as soon as they
have been saved and could have extensive consequences.
b) [ ] Because accounts with the account currency as local currency can only be
posted to this local currency.
c) [ ] Because the company codes use different operational chart of accounts,
you cannot carry out cross-company code controlling.
d) [ ] Because the group chart of accounts must be assigned to each operational
chart of accounts.
e) [ ] Because you must enter the group account number in the chart of acounts
segment of the operational account.

18.

Which are the segments of the SD view of the customer account master data
(Note: we can have more than one correct sentence. Please select the
sentences you think they are correct)?
a) [
b) [
c) [
d) [
e) [

19.

Which are the segments of the MM view of the customer account master data
(Note: we can have more than one correct sentence. Please select the
sentences you think they are correct)?
a) [
b) [
c) [
d) [
e) [

20.

] Client.
] Company Code.
] Controlling Area.
] Sales Area.
] Purchasing Organization.

] Client.
] Company Code.
] Controlling Area.
] Sales Area.
] Purchasing Organization.

What characteristics are configured as standard for every customer/vendor

account (Note: we can have more than one correct sentence. Please select the
sentences you think they are correct)?

a) [
b) [
c) [
d) [
e) [
21.

] Line Item Display.

] Company Code.
] Currency.
] Open Item Management.
] Purchasing Organization.

Consider the following statements:

21.1. Number ranges for customer/vendor accounts can overlap.
21.2. A one-time account is a special customer/vendor master record used for
once off customer/vendor transactions.
21.3. The account group is used to control the fields status during master
record. maintenance
21.4. If you enter an alternative payer, the amount to clear the open items
due in the account is paid by the alternative payer.
21.5. One number range can only be assigned to one account group.
Which of the above statements are true (Note: we can have more than one
correct sentence. Please select the sentences you think they are correct)?
a) [
b) [
c) [
d) [
e) [

22.

] 21.1.
] 21.2.
] 21.3.
] 21.4.
] 21.5.

For every bank that is used in the system (for example, as a house bank or as
a customer/vendor bank) you have to create a bank master record.
a) [ ] True. b) [ ] False.

23.

Banks that are used by your company are defined as house banks.
a) [ ] True. b) [ ] False.

24.

You cannot create bank master data when entering bank information in the
customer or vendor master record.
a) [ ] True. b) [ ] False.

25.

Bank Account and G/L Account are the same master data object.
a) [ ] True. b) [ ] False.

26.

Customers that use the lockbox function can create a batch input session that
automatically updates customer banking information in the master record.
a) [ ] True. b) [ ] False.

27.

Consider the following statements:

27.1. The system can assign the document numbers or the user can assign
the number during document entry.
27.2. A business transaction creates only one document.
27.3. Document types are defined at company code level.
27.4. One number range can be assigned to more than one document type.
27.5. Document types also define whether invoices are posted with the net
procedure.
Choose the correct option:
a) [
b) [
c) [
d) [
e) [

28.

] 27.1, 27.4 and 27.5 are correct.

] 27.2, 27.4 and 27.5 are correct.
] 27.3, 27.4 and 27.5 are correct.
] 27.1, 27.3 and 27.4 are correct.
] 27.1, 27.2 and 27.5 are correct.

Consider the following statements:

28.1. A company code must be assigned to a posting period variant to have
the control for posting periods.
28.2.+ symbol represents all account types in the posting period customizing
screen.
28.3. The Closing and opening of period can be done only from the
application
28.4. The maximum amounts are defined per company code in tolerance
groups.
28.5. It is not possible to assign tolerance groups to user logon IDs.
Choose the correct option:
a) [
b) [
c) [
d) [
e) [

29.

] 28.1, 28.4 and 28.5 are correct.

] 28.2, 28.4 and 28.5 are correct.
] 28.3, 28.4 and 28.5 are correct.
] 28.1, 28.2 and 28.4 are correct.
] 28.1, 28.2 and 28.5 are correct.

What fields of a FI Document Header section can be changed after a

document has already been posted (Note: we can have more than one correct
sentence. Please select the sentences you think they are correct)?

a) [
b) [
c) [
d) [
e) [
30.

] Fiscal Year.
] Reference Number.
] Text fields.
] Header text.
] Posting date.

What are the prerequisites to enable negative postings (Note: we can have
more than one correct sentence. Please select the sentences you think they are
correct)?
a) [ ] You have to define reversal reasons for negative reversal.
b) [ ] You have to ensure company code permits negative postings.
c) [ ] You have to define the document type that explicitly allows negative
postings.
d) [ ] You have to use cleared items.
e) [ ] You have to reset cleared items.

31.

Credit memos can be linked to invoices to ensure that invoice and credit
memos are due on the same date.
A. True
B. False

32.

The day limits define the dates of the cash discount periods.
A. True
B. False

33.

Every installment of an installment plan must have its own terms of payment.

A. True
B. False
34.

Posting keys are defined at client level.

A. True
B. False

35.

The mySAP ERP system generates the exchange rate differences

automatically.
A. True
B. False

36.

G/L accounts must be defined for exchange rate losses or gains.

A. True
B. False

37.

Which of the following statements are correct are about document types?
(Note: we can have more than one correct sentence
A The document type controls the document header and is used to differentiate
the business transactions to be posted.
B Document types are defined at the client level and are valid for all company
codes
C Document types defines the number ranges when posting transaction
D Document types defines account types permitted for posting
E The document type also defines the field status of the header fields(document
header text and reference number)

38.

You cannot use external document number ranges to reverse documents?

A. True
B. False

39.

Which of the following statements are correct are about document number
ranges? (Note: we can have more than one correct sentence
A A document number range is assigned to each document type.
B To transfer billing documents from SAP billing system you need document
type RV for SD billing documents and RE for MM billing document
C One document number range can be assigned to only one document type
D Number ranges for recurring and sample documents are XX and XX1
respectively
E You can copy number ranges from one company code to the other or from one
fiscal year to another fiscal year.

40.

Which of the following are prerequisites for cross company transactions?

A. The company codes involved must represent a single legal entity for tax
purposes
B. Both company codes must use the same local currency
C. The documents posted must never be reversed
D. Both company codes must be defined for negative posting

41.
You cannot create bank master data when entering bank information in the
customer or vendor master record.
a) [ ] True. b) [ ] False.
42.

Bank Account and G/L Account are the same master data object.
a) [ ] True. b) [ ] False.

43.
Customers that use the lockbox function can create a batch input session that
automatically updates customer banking information in the master record.
a) [ ] True. b) [ ] False.
44.

Consider the following statements:

44.1. The system can assign the document numbers or the user can assign
the number during document entry.
44.1. A business transaction creates only one document.
44.3. Document types are defined at company code level.
44.4. Number ranges for document numbers and account types defined for
postings are defined by the document types.
44.5. Document types also define whether invoices are posted with the net
procedure.

Choose the correct option:

a)
b)
c)
d)
e)

[
[
[
[
[

] 44.1, 44.4 and 44.5 are correct.

] 44.2, 44.4 and 44.5 are correct.
] 44.3, 44.4 and 44.5 are correct.
] 44.1, 44.3 and 44.4 are correct.
] 44.1, 44.2 and 44.5 are correct.

45.
What do the posting keys specify (Note: we can have more than one correct
sentence. Please select the sentences you think they are correct)?
a)
[ ] Whether the line item is connected to a payment transaction or
not.
b)
[ ] Whether the posting is sales-relevant and the sales figure of the
account is to be updated by the transaction, for example, by the posting of a
customer invoice.
c)
[ ] Whether the line items contain credit or debit values.
d)
[ ] Whether the line items are valid for a business transaction.
e)
[ ] Whether the accounts are allowed for posting.
46. Consider the following statements:
47.1. A company code must be assigned to a posting period variant to have
the control for posting periods.
47.2. + symbol represents all account types in the posting period
customizing screen.
47.3. The account interval in the posting period customizing screen can be
both G/L and subledger accounts.
47.4. The maximum amounts are defined per company code in tolerance

groups.
47.5. It is not possible to assign tolerance groups to user logon IDs.
Choose the correct option:
a)
b)
c)
d)
e)

[
[
[
[
[

] 47.1, 47.4 and 47.5 are correct.

] 47.2, 47.4 and 47.5 are correct.
] 47.3, 47.4 and 47.5 are correct.
] 47.1, 47.2 and 47.4 are correct.
] 47.1, 47.2 and 47.5 are correct.

47.
What fields of a FI Document Header section can be changed after a
document has already been posted (Note: we can have more than one correct
sentence. Please select the sentences you think they are correct)?
a) [
b) [
c) [
d) [
e) [

] Fiscal Year.
] Reference Number.
] Text fields.
] Header text.
] Posting date.

48.
About the change control, what conditions below are applicable (Note: we
can have more than one correct sentence. Please select the sentences you think they
are correct)?
48.1. The posting period is already closed.
48.2. The line item is not yet cleared.
48.3. The document is a credit memo for an invoice.
48.4. The document is not a credit memo from a down payment.
48.5. The line item is either a debit in a customer account or a credit in a
vendor account.
a)
b)
c)
d)
e)

[
[
[
[
[

] 48.1.
] 48.2.
] 48.3.
] 48.4.
] 48.5.

49.
What are the prerequisites to enable negative postings (Note: we can have
more than one correct sentence. Please select the sentences you think they are
correct)?
a)
[ ] You have to define reversal reasons for negative reversal.
b)
[ ] You have to ensure company code permits negative postings.
c)
[ ] You have to define the document type that explicitly allows
negative postings.

d)
e)

[ ] You have to use cleared items.

[ ] You have to reset cleared items.

50.
What is the purpose of the terms of payment (Please choose the correct
sentence)?
a)
b)
c)
d)
e)
51.

[
[
[
[
[

] Calculate a cash discount and invoice due date.

] Calculate the tax amounts.
] Enable the cross-company code transactions.
] Define the baseline date.
] Calculate only the required conditions for SD invoices.

Consider the following statements:

51.1. Terms of payments are copied from invoice to credit memos when
they are linked to.
51.2. Inserting a V in the invoice reference field during document entry
means the terms of payment are activated in the non-invoice-related credit
memos.
51.3. The account type field in terms of payment basic data screen should
be defined separately, to prevent any done change in the term of payment.
51.4. The system cannot define the splitment of an installment payment, at
least you define it in the terms of payment.
51.5. The day limits define the dates of the cash discount periods.

Which of the statements above is false (Please choose the correct sentence)?
a)
b)
c)
d)
e)

[
[
[
[
[

] 51.1.
] 51.2.
] 51.3.
] 51.4.
] 51.5.

52.
SAP supports tax on sales and purchases, US sales tax, additional taxes and
withholding tax as tax systems for different countries.
a) [ ] True. b) [ ] False.
53.

Only national level of taxation is allowed in the R/3 system.

a) [ ] True. b) [ ] False.

54.
A tax calculation procedure is assigned to every company code for carrying
out tax calculations.

a) [ ] True. b) [ ] False.
55.
A jurisdiction code is a combination of the codes of tax authorities that tax
movements of goods and use their own tax rates.
a) [ ] True. b) [ ] False.
56.
If you desire to post manual tax postings, you have to flag the Post
Automatically Only field of the account master record.
a) [ ] True. b) [ ] False.
57.

Which of the following statements are correct?

A.
More than one chart of accounts can be created for each client
B.
The chart of accounts contains all the G/L accounts, vendor accounts and
customer accounts
C.
More than one company code can be allocated to the same chart of
accounts
D.
The chart of accounts controls all the customising settings in the R/3
system
E.
All accounts within a chart of accounts must have the same tax code

58.

What status reports does Cash Management and forecasting include?

A. Cash management position
B. Liquidity forecast
C. Credit limit report
D. G/L account balances
E. Bill holdings

59.

Which of the following are clearing procedures in accounts receivable?

A. Incoming payment
B. Down payment request
C. Credit memo
D. Transfer posting

60.
When creating an Overhead Cost Order, the first order information which
must be entered is:

A. Order status
B. Order type
C. Settlement type
D. Curreny
E. Classification code
61.

Dunning Keys are used to

a. Mark specific items that should not trigger specific dunning levels
b. Identify the Dunning procedure
c. List the customers under same dunning area
d. All of the above
62.
Payment method must be defined at the country level before it is specified at the
Payment program level. True/False
63.
Tick the incorrect answer
Payment program is controlled at
a. Client parameter level
b. Company Code parameter level
c. Payment method parameter level
d. Bank parameter level
64.

Every company code that needs to use an account from the assigned chart of
accounts has to create its own company code segment.
a) [ ] True b) [ ] False

65.

During year end for P+L statement accounts, the balance is carried forward
to the same account.
a) [ ] True b) [ ] False

66.

In the chart of accounts segment, it is necessary to indicate whether the

account will be a balance sheet or a profit+loss statement account.
a) [ ] True b) [ ] False

67.

Number intervals for G/L account master records can overlap.

a) [ ] True b) [ ] False

68.

It is not possible to influence the appearance of an accounts master data.

a) [ ] True b) [ ] False

69.
The Only Balances in Local Currency indicator must not be set in
reconciliation accounts for customers or vendors.
a) [ ] True. b) [ ] False.

70.
The Only Balances in Local Currency indicator is usually set in balance
sheet accounts that are not managed in foreign currencies and not managed on an
open item basis.
a) [ ] True. b) [ ] False.
71.
Accounts with a foreign currency as an account currency can be posted to
any currency.
a) [ ] True. b) [ ] False.
72.

You can use a group chart of accounts for internal purposes.

a) [ ] True. b) [ ] False.

73.
The usage of a financial statement version for the group chart of accounts is
optional.
a) [ ] True. b) [ ] False.
74.

Which of the following statements about Coding Blocks are true?

A. The coding block defines all fields used in a transaction or a specific function
in SAP.
B. You can add additional fields not covered by the standard SAP system to a
coding block.
C. You can add up to a maximum of 10 additional coding blocks to the standard
system.
D. The additional coding blocks can only be used in the FI General Ledger and the
FI-SL database.
E. An additional field can be defined in a subscreen that is linked to the main
screen of the coding block where the new field should be defined.

75.
Which of the following statements regarding standard ledgers and special purpose
ledgers are true?
A. Special purpose ledgers are user-defined ledgers that can be maintained in
the FI-SL application using any account assignments as general ledgers or
subledgers.
B. Standard ledgers are configured and delivered by SAP.
C. General ledger and profit centers are examples of standard ledgers.
D. Accounting values in user-defined account assignments can be stored as
summary and line items tables for reporting purposes in FI-SL.
E. Additional processing functions that can be done in FI-SL include planning,
rollup and balance carry forward.

76.
Which of the following statements correctly describe characteristics and key
figures used in FI-SL?
A. A characteristic is equal to a standard field used by SAP, such as account
number and company code fields.
B. A characteristic field can be added to the standard SAP system by linking the
characteristic field to the coding block.
C. You are only allowed to use the local transaction currency and document currency
fields in FI-SL.
D. The key figures describe the key fields that can be added to the standard SAP
system, for use in FI-SL.
E. Key figure fields contain information such amounts and quantities.

77.
Which of the following statements correctly describe an FI-SL table group and its
components?
A. A table group is a group of key figure tables used in FI-SL for reporting purposes.
B. A table group consists of object tables, line item tables and a summary table.
C. The summary tables are divided into a plan summary table and an actual summary
table.
D. The line item tables are divided into a plan line item table and an actual line
item table.
E. Line item tables store the document information for the totals stored in the
summary table.
78.

Which of the following statements regarding the FI-SL environment are true?
A. The ledger manager program processes all data that enters the FI-SL system.
B. A company code can be assigned to one or more than one ledger.
C. The subdivision of data into ledgers enables you to simultaneously store data
at various levels of detail.
D. The organizational unit Company ID is linked to local ledgers.
E. A control report and a posting test are examples of customizing tools that can
be used to check your FI-SL master data settings.

79.
The following are some of the reasons why you may want to make adjustment
postings in FI-SL.
A. You want to post statistical values to a specific special ledger.
B. The document should only be entered directly in the special ledger.
C. You want to manually enter the amounts for the additional currencies in the
special ledger.
D. You want to post a document to FI-SL versions, other than those that receive
postings directly from application modules such as FI and MM.

E. You want to post information directly in the coding block of the FI-SL.
80.
Which of the following statements regarding validations and substitutions created
in FI-SL are correct?
A. A validation consists of three parts namely a prerequisite, a check and a
message.
B. A substitution rule allows you to define your own individual checks for specific
fields when a business transaction is being processed.
C. Validations and substitutions defined in FI-SL control only direct postings to
the special ledgers.
D. A function called the formula builder can be used to assist the user in
creating the formulas used in validation and substitution rules.
E. A validation and substitution rule must be saved in the system before it can be
used.

ANSWERS
1. C
2. B, C, D, E
3. A, B, D, E
4. A
5. B
6. A
7. A THEY CAN OVERLAP
8. B
9. D
10. D
11. B, C, D, E
12. A, C, E OR A, E
13. A
14. A
15. B
16. A
17. C
18. A, D
19. A, E
20. A, D
21. B, C, D
22. A
23. A
24. B
25. B
26. A
27. A
28. D
29. B, D
30. A, B, C
31. A. True
32. B. False
33. A. True
34. A. True
35. A. True
36. A. True
37. A, B, C, D, E
38. A
39. A, B, E
40. A