Professional Documents
Culture Documents
Chart of Accounts
2. Which of the following statements is true when configuring a group chart of accounts?
a. In the company code segment of every operational account, the group account
number will be a required entry.
b. The group chart of accounts is assigned to the company code in the company code
global parameters screen.
c. When the assignment is made between the group and operational chart of accounts,
the field group account number becomes an optional entry.
d. A one to one relationship exists between the group account number and the
operational account number in the G.L. master.
Organizational Structure
4. A client. ( Single )
a. only contain a single chart of accounts
b. may contain multiple charts of accounts
c. only use one exchange rate type
d. only have one controlling area
5. Identify the correct statement(s) regarding organizational elements within the R/3 System.
a. The Business area is defined at client level and changed in transactions defaulted by
Cost Center if cost center defaulted in cost element.
b. A plant is a location in which inventory quantities and values are stored or
manufactured.
c. A Controlling area can comprise several company codes using different chart of
accounts but must operate in the same currency.
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Financial Accounting-Topic Wise Questions
d. A business area and a company code are assigned to each other in the corporate
structure IMG
Account Receivable
9. Identify the correct statement(s) relating to how the main business processes are integrated
in the SAP R/3 System. ( Multi Choice)
a. A goods receipt is the recording of the movement of materials into the warehouse. In
SAP, a financial document which updates the inventory account and an accrued
liability account is created
b. The Invoice receipt and verification process compares the vendor invoice with the
purchase order and goods receipt. However, the corresponding financial transaction
must be entered through the financial module of R/3.
c. In SAP, payment processing reduces the liability to a vendor and a company codes
cash balance, records discounts taken and disburses payment.
d. A customer delivery is the transfer of the ownership of goods. A customer delivery
includes, creation of a delivery document, picking the goods for shipment; physically
transferring the goods to the customer and financially recording the goods issue.
11. Which correspondence extracts all items in the chosen period from a customers account
displays the balance carried forward balance and a closing balance of the account ?
a. Payment advice
b. Payment notice
c. Account statement
d. Dunning notice
12. Which of the following statements about creating customer master records are correct?
a. An account group always gets assigned to a customer.
b. The company code is always a required entry.
c. The account number may be assigned by the user externally.
d. Information on each screen may be defined in configuration as mandatory,
suppressed or optional, depending upon the account group.
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Financial Accounting-Topic Wise Questions
Vendor Master
16. Which statement is true? (Multi)
a. In Vendor master record it is possible to activate a check for duplicate invoice at doc
entry
b. If you delete a vendor master record, data is automatically deleted on both chart of
account level and co. code level.
c. Changes to vendor master records can only be displayed using central function.
d. You can block a vendor to prevent financial transaction postings for one co. code or
for all co. codes.
e. Bank master data for vendor can only be created with in customizing.
17. Which of the following statement about one time account are correct.
a. Must use account group defined for one time vendor.
b. One time account group must use defined number range.
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Financial Accounting-Topic Wise Questions
21. Which of the following statement affect creating customer master records are correct.
a. An account group gets assigned to customer
b. Co. code is always a reqd entry.
c. Account number may be assigned externally.
22. Which of the Following statements about automatic payment are correct ?
a. In automatic payment procedures, all incoming invoices as of the second dunning
level are paid automatically
b. Direct debiting or bank collection can be used in automatic payment procedures to
clear customer invoices
c. Open items posted to G/L accounts can be cleared using the payment program
d. Special G/L transactions(down payment)can be posted using the payment program
e. The payment program can pay vendor invoices using wire transfers and checks
24. According th which criteria does the payment program determine and select open items:
a. posting date and baseline date
b. document date and posting date
c. baseline date and payment terms
d. posting date and cash discount periods
e. posting date and payment terms
25. Which of the following statements are true with regard to the customizing setting for banks in
the automatic payment run ?
a. The sequence of the banks for processing outgoing payments is selected randomly
b. You can only determine one payment method per house bank
c. You can select several payment methods per country
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Financial Accounting-Topic Wise Questions
d. You can specify by bank and method the anticipated number of days before the bank
account is debited
e. You can determine the banks to be used for payments according to postal code
26. Which of the following factors does the systems take into account in a payment run ?
a. Fiscal year variant
b. Payment method specifications in the IMG
c. Specifications in the vendor master records
d. Information in the documents(incoming invoices)
e. Specifications made when maintaining the payment run parameters
28. Suppose that one company is used as both a vendor and a customer. Which of the following
statements are correct regarding creating linked customer and vendor master records for this
company? (Multi)
a. Only one business partner master record is created, with client level, purchasing,
sales, And accounting data. This prevents the creation of redundant master data.
b. If the master records are linked correctly. The vendor and the customer line items will
be posted to the same reconciliation account.
c. The corresponding vendor master number must be entered in the client level of the
customer master record and vice versa.
d. The vendor and customer records that are to be linked may have different account
numbers.
e. Once properly linked, sales invoices and purchase invoices for this company will
automatically clear against each other.
29. Which of the following statements about transactions are correct? (Multi)
a. An invoice may be parked by an accounts clerk and a workflow message sent
Automatically to the supervisor.
b. Credit memos can be included in the payment program to reduce the final invoice
Value paid.
c. A parked invoice has a temporary document number assigned by the user.
d. An invoice which has been cleared by the payment program can only be reversed
After the cleared line items have been reset.
e. An individual cheque cannot be printed automatically when you manually post an
Outgoing payment.
30. Which of the following statements about one time accounts are correct? (Multi)
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Financial Accounting-Topic Wise Questions
a. One time accounts must use an account group which has been defined specifically
for one time accounts.
b. A one time account group must use a different number range from all other account
Groups.
c. The vendor’s name and address are not held in the one time account master record.
d. Credit memos cannot be created for a one time vendor account.
e. You cannot change a one time account master record once it has been created.
31. Between which functions in the FI-MM module does a direct relationship exist? (Multi)
a. Requirement planning- Invoice Verification
b. Invoice verification- Account Payable.
c. Inventory Audit- Invoice Verification.
d. Purchasing – Invoice Verification.
e. Goods issue to a production order – G/L account.
Bank
34. Which of the following statements about House banks are correct.
a. House bank is linked in all FI Accounting masters
b. House bank Account ID is linked in all FI accounting masters
c. House Bank currency is controlled by Vendor master
d. Vendor Master currency controls AP payment
e. Payment method currency alone controls House Bank account ID postings to GL
35. Which of the following statements about creating customer master records are correct?
a. An account group always gets assigned to a customer.
b. The company code is always a required entry.
c. The account number may be assigned by the user externally.
d. Information on each screen may be defined in configuration as mandatory,
suppressed or optional, depending upon the account group.
e. Information on each screen may be defined in configuration as mandatory,
suppressed or optional, depending upon the company code.
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Financial Accounting-Topic Wise Questions
37. Which of the following statements are correct regarding Internal Orders?
a. Once an order has been released, only closing entries can be made.
b. Transactions can be allowed or disallowed depending in the order status.
c. Additional order status categories can be created in the order master.
Environment
38 That system tool allows you to add graphics, re-arrange fields, add pushbuttons and change
input fields into radio buttons?
a. GuiXT
b. GuiCapture
c. SAPGui
d. SAPShow
e. Profile Generator
Closing
Currency
42. The en entering a document using a foreign currency, which date is used to determine the
exchange rate if the translation date is not entered ?
a. Posting date
b. Document date
c. Baseline date
d. Entry date
43. Which type of currency will R/3 always track when posting a document? (Single)
a. Local currency
b Group currency
c Transaction currency
d Group & transaction currency
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Financial Accounting-Topic Wise Questions
Posting Period
Document Control
47. bulk change of line item - this function allows you to change a whole group of line items
simultaneously, instead of having to change individual items in the documents. What data
can you change using this function?
a. The reconciliation account
b. The company code
c. The payment terms and payment block
d. The house bank and payment method
a. Posting keys are used to define the screen layout for document entry and
take priority over other field status groups.
b. Validations and substitutions can be carried out in FI but not in the Special
Purpose Ledger
c. The main purpose of a payment advice note is that it can be used to
automatically search for and then compare open items as part of the clearing
process, thus eliminating the need to make individual selection entries.
d. Two of the currencies available in the FI system are the transaction currency
and the company code currency, these are defined at country level within
configuration.
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Financial Accounting-Topic Wise Questions
d. The field status definitions determine the screen layout, when you enter a
document using the relevant G/L account.
e. The document type controls which company code is used in a G/L posting.
50. What controls whether a line item is a debit or credit and specifies the type of account for a
line item. (Single)
a. Posting key.
b. Document type
c. Account group
d. Field status
51. What controls the number assignment assigned to a financial document in R/3 (single).
a. The number range assigned to the account group.
b. The number range assigned to the document type
c. The number range assigned to the Posting key
d. The field status group
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Financial Accounting-Topic Wise Questions
Reports
58. Which of the following statements about financial reporting are correct?
a. A financial statement version displays either a balance sheet or a profit and
lost statement, not both.
b. When displaying a financial statement, the system can automatically
calculate the profit and loss statement result.
c. You can obtain a summarized financial statement for any hierarchy level
defined in the financial statement version.
d. The system can translate a financial statement into any currency for reporting
purposes.
e. A financial statement version cannot include more than one company code,
unless you are using FI-LC
60. You have several options for creating G/L accounts . Which of the following statements are
corrent?[mul]
a. You can create a G/L account in a company code without using a sample
account.
b. You can create a G/L account in chart of accounts.
c. You can create a G/L account in a company code using a samples account.
d. You can create a G/L in a controlling area if you specify the chart of accounts
and the company code.
e. You can create a G/L account when settling an order.
61. Which of the following statements are correct regarding open item management?[mul]
a. In order to manage line items as open and cleared for venders and customers
the open item management¡± Indicator must be on in the reconciliation account
master record.
b. Vendor and customer account are always open item management accounts.
c. In order to be able to manage line items as open and cleared, the line item
display indicator must be on in the G/L account mater record.
d. I order to be able to manage line item as open and cleared, the open item
management indicator must be on in the G/L account master record.
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Financial Accounting-Topic Wise Questions
e. In order to be able to manage line items as open and cleared, the sort key must
be defined as the document number.
62. When you create a G/L account the following entries must always be assigned to the account
a. Account Group.
b. Balance sheet a/c or P&l a/c & P&L statement type.
c. Short text.
d. Sample account number
e. Consolidation trading partner.
64. The primary cost element is one type of master data in Controlling. Before you can create a
new primary cost element, certain prerequisites need to be fulfilled Which of the following
conditions must be fulfilled BEFORE you can create primary cost elements? (37-2)
a. The controlling area must be defined.
b. The cost center must be defined.
c. The G/L account must be defined.
d. The plant must be in the system.
e. The business areas have been defined.
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