SAP FICO- Interview Asked Questions

INTERVIEW QUESTIONS- PART I

Finance

1) What is Client?

A) In Commercial, Organization and Technical terms, a self contained unit in an r/3 system with separate master records and its own set of tables.

2) What is Company?

A) Smallest Organization unit of which individual financial statements are created according to legal requirements.

3) What is Company Code?

A) Smallest Organization unit of external accounting for which set Of accounts can be created.

4) What is Business Area?

A) It is an Organization unit that corresponds to a specific business segment or area of responsibility in a company.

5) Profit center?

A) A Profit center accounting is main purpose is to provide the client with an opportunity to analyze and report internal profitability for its organization.

6) What is Fiscal year Variant and what are its uses?

A) Variant defining the relationship between the calendar and fiscal year. The fiscal year variant specifies the no. of periods and special periods in a fiscal year and how the system is to determine the assigned posting periods.

7) What is the use of Posting Key?

A) Posting key Controls whether the line is debit or credit and it will be used to post line items in a particular document. For Example

8) What is Document type? A) Document Types controls the nature of Business Transactions whether it is

vendor invoice, payments, expenses, revenues etc.

9) What is posting periods?

Accounts Dr CrGL posting 40 50Vendor invoice 40 31Customers 01 50Assets 70 75

A) Order to manage identical posting periods in several posting periods in several company codes, maintain one posting variant.

10) What is posting period variant?

A) Posting period variant which controls posting periods, both normal and special periods are open for each company code. The posting period is independent of fiscal year variant.

11) What is Field Status Group Variant?

A) FSGV controls the additional account assignments and other fields that can be posted at the line item level for GL a/c. FSGV can be control at three level i.e.,1) In OBC4 (ch of a/c’s)- which controls the screen for a particular GL a/c group, 2) Posting Keys- which controls the screen for a particular posting key transaction is taken, & 3) Accounting Groups- which controls the screen for a particular account group i.e., customer group or vendor group.

12) What is Chart of A/c’s and types of chart of a/c’s ?

A) All general ledger accounts grouped together is called ch of a/c’s.There are 3 types of chart of accounts i.e., 1) Operational ch of a/c’s- used for daily transaction purposes 2) Group Ch of A/c’s – It is used for company consolidation purpose & 3) Country Specific Ch of A/c’s – Used for particular country legal entity purpose.13) What is Reconciliation account?

A) When u post items to a subsidiary ledger, the system automatically posts the same data to the general ledger. Each subsidiary ledger has one or more reconciliation a/c’s in general ledger, we cannot post directly.

14) What is special GL a/c?

A) The transaction other than AR & AP is called a special GL a/c . Example Bills of exchange, Interest payables, bank bills, guarantees, & reserves for bad debts etc.

15) What is the use of APP?

A) It is used to multiple vendors, it is also used for multiple company codes, but it should be in the same country.

16) What is T-code for APP?

A) FBZP.

17) What are the steps in APP?

A) Select all company codesSelect paying company codes.Payment method in country (incoming and outgoing payments)Payment method in company code.Define House bank.Bank determination.

18) What are the fields in vendor master?

A) General data – address, communications, Control data – customer, tax codes, & Payment Transactions- bank details, alternative payee a/c. Company code data – Reconciliation a/c etc.

19) What are the Main Organization in vendor master?

A) General data, Company code data, & Purchase Organization.

20) Why u is going to create multiple payment methods?

A) We Create on Client Requirement’s like if he wants to create c-bank, electronic payment, bank transfer, & bills of exchange.

21) What are the Tabs in GL Master?

A) Type description, Control data, & Bank interest tab.

22) What is Open Item Management?

A) OIM allows u to display the open and cleared items and amounts in an account. Example Salary clearing a/c, GR/IR clearing a/c.

23) What is Sort Key?

A) It is Used to display line item, examples are vendor no., customer no, value date, & Asset no. etc.

24) What is Organization Structure of Asset Accounting?

A) Company Code, Chart of Depreciation , Number range assignment, Fiscal year variant, Depreciation area for net worth tax, & Depreciation type for posting depreciation.

25) What do you mean by Chart of Depreciation?

A) Ch.of.Dep is used to manage where its legal requisition for depreciation and valuations of assets. Normally Dep. Contains Dep.Area, Dep.Key.

26) Depreciation Area?

A) An area showing the valuation of fixed assets for a particular purpose (for ex. Individual financial statement, Balance sheet for tax purposes etc).Example, 01 Book Depreciation, 02 Special tax Depreciation, & 03 Special Depreciation Reserve.

27) Depreciation Key?

A) Key for calculating depreciation amount’s.T-code is AFAMA.SDVM Straight Down Value Method, WDVM Written Down Value Method.

28) Account Determination?

A) The connection between the asset master records and the corresponding account’s in the general ledger in FA’ing. This connection is created by the a/c determination in asset class.

Path: SproFAAA Organization Structure Asset Class Specify a/c Determination.

29) Asset Class?

A) The Asset Class is the main criterion for classifying assets according to legal and management requirement. Every asset must assign to only one asset class. T-code oaoa.

CONTROLLING

Controlling: Controlling provides you with information for management decision-making. If facilitates co-ordination, monitoring and optimization of all process in an organization.

Features of Controlling: Cost Center Accounting, Activity Based Accounting, Internal Orders, Product Costing, & Profitability Analysis.

Controlling Area: Organization unit that represents a closed system Used for accounting purposes.

You can assign one or more company codes to one controlling area.

If u assign more than one company code to one controlling area, then u need to note the following.

1) Consistent Chart of a/c’s( Treat each cost element in all company codes in same way).

2) The Operative fiscal year variants in the company codes must match the fiscal year variant in controlling area.

3) You should execute period end closing in controlling for all company codes at same time.

4) The system only post reconciliation posting across company codes without taxes, which means that it cannot automatically create invoice.

5) Maintain controlling area okkp .6) Maintain no. ranges for controlling documents Kank 7) Maintain versions OKEQ

COST ELEMENT ACCOUNTING

Cost Elements: Cost Elements Describe the origin of costs. Cost element classifies the organization valuated consumption of production factors within a controlling area.

Primary Cost Elements: These arise through the consumption of productions factors that are sourced externally. Primary cost elements are used for direct posting and must be accompanied in GL a/c’s in FI.T-code KA02. The categories are follows 1) General primary cost element, 03 Imputed cost element percentage method 4 Imputed cost element, target = Actual Method, 11 Revenue elements, & 12 sales deductions.

Secondary Cost Elements: Cost elements arise through the consumption of production factor’s that are provided internally i.e., by enterprise itself. Secondary cost elements are used strictly for internal controlling posting like assessments and settlements. T-code kA06

Category: 12 internal settlements, 31 Result analyses, 41 overhead’s, 42 assessments etc. Cost Element Group KAH1

COST CENTER’S

Cost Center’s: Organizational Unit within a controlling area that represents a defined location of cost incurrence. The definition can be based on 1) Functional Requirement, 2) Allocation criteria, 3) Physical location and 4) Responsibilities for cost. Change Cost center hierarchy OKEON Creation of Cost Center KS01

Distribution: Was created to transfer primary costs from a sender cost center to receiving controlling objects. Distribution is primary cost elements.Define Distribution KSV1Execute “” KSV5

Assessment: Was created to transfer primary and secondary costs from a sender cost center to receiving controlling objects.During assessment, the original cost elements are summarized into assessment cost elements (secondary cost element, category=42).

Define Assessment KSU1Execute Assessment KSU5

Activity Types: Categorizes productions and services activities provided by a cost center to the organization and used for allocating costs for internal activities to the originates of the costs. Creation of Allocation Cost elements KA06Creating/Maintaining the Activity types KL01Statistical key figures: Are used as the basis (tracing factor) on which to make allocations (assessments & distributions) and to analyze structural key figures.

INTERVIEW QUESTIONS- PART II

1. What is chart of accounts? Chart of accounts is a grouping of GLaccounts that used to post transaction from cross modules and FImodules. These can be further used for reporting like Balance Sheet,P&L, and Trial Balance etc...Chart of accounts are usually very specificto an organization and you will not find the same chart of accountacross two different companies. SAP does give you standard set ofaccounts that can be used as template but it usually requires detaildiscussion with accounts so a list can be finalized.

2. How many types of COA are there? There can be only one primarychart of account per company code in SAP. You can have a different setof chart of account that can be used for Group Account and one forAlternative accounts. I will discuss in step 3 and 4

3. What is alternative chart of accounts? Alternative chart ofaccounts is secondary grouping of account that is generally used forstatuary reporting. For example you might have a company chart ofaccount but due to statutory nature (for countries like Russia and Chinato name a few, you have to report your account activity in an accountrange that has been provided by the company stature. In this case youhave a primary chart of account as explained above and alternative chartof account. Postings should always be made in the primary chart ofaccount and in the GL account setup these primary accounts should beassociated to alternative chart of accounts. This way updates can bemade to both primary and alternative chart simultaneously.

4. What is group COA? A group chart of account is way to group yourprimary accounts. For example from an operation perspective you can haveseveral cash accounts but from a group reporting perspective you mightwant to group all cash activity under one account. These are usuallyused for Consolidation reporting.

5. How many segments are there in G L a/c what are they: ?

What is APC?

APC stands for Acquisition and Production costs. Acquisition means any asset which you may acquire/ purchase externally. It includes invoice price and other related exp. Associated with it like customs, octroi, freight which you add and arrive at total cost of acquisition for capitalisation of the asset.For ex Say a computer. The total cost which you incurr for the acquisition of the computer including installation will be your APC

Production cost means any asset which is created internally within the organisation. This is normally created by means of AUC and you go on adding cost to the AUC as and when you incurr exp. for the same.For ex. say addition to the office building. Therefore APC incudes any external acquisition or internal construction of exp. which needs to be capitalised.

In OADB under 01 deprn area Acquisition & prod Cost tick is activated.

INTERVIEW QUESTIONS- PART III

1)Why we are using K4(Fiscal year variant)in controling area?why don't use K1 for the same?

k4 means it may be using calader dependent fiscal year, you con't chage it.

2)What is the Noted Items? Will the noted items get effected in Balance Sheet?

noted items are request generated it will not effect your books at all. 3) What is Valvation Grouping Code ?

valuation grouping is the mateiral how it is tobe valued is depends on the code 4)In Integration how do the values flow from Material master to the GL,s

in integration the MM part is integrated to FI Books, thrugh accouting keys the fi books is updated

5) What is the meant by Account Determination?

accout detemination is where your account gets determinied or updated 6) What is the T/Code for Asset Master Uploading to SAP,through LSMW?

7) What is the importance of Recalculate value button in Asset Accounting?

8. Tell us about the challenges you faced during a full life cycleimplementation (please number challenges with specific technical details)

9. Tell us about the challenges you faced during an upgrade project(please number challenges with specific technical details)

10 Prove yourself a team player by giving any example of specific taskduring an implementation that you resolved using your leadership\teambuilding skills (please describe the situation)

11. Give any example of any system enhancement that you proposed whichend up in implementation and helped the company after all (please proposeany real time system enhancement idea)

12. Give any example of any system enhancement that you proposed whichdidn't get implemented (please propose any system enhancement idea)

INTERVIEW QUESTIONS- PART IV

1. Was there a project where you had to co-ordinate between different groups. If so how did you resolve differences among team members and between groups .

2. Did you ever come across a very controversial piece of information in your project (you were the only one to know it) and what did you do?

3. What was my approach when there was an issue like what steps were taken to meet end client needs.

4. In past exp there was a confidential matter at client site and how

did you handle the situation as this was going to impact based on the answers I present to client.

5. What did you do and was there was any conflict as a team lead how did you prioritize tasks ?

6. Tell me about a time when you were faced with more to do than you felt you could manage. What was it and what did you do?

7. Tell me about a recent situation in which you were responsible for trying to solve a recurring or longstanding problem. What happened and what did you do?

8. Tell me about a time when you were confronted by extremely tight deadlines to get something done. What happened and what did you do?

9. Tell me about a situation when you had to present and discuss potentially controversial information. What happened and what did you do?

10. Tell us about the challenges you faced during a full life cycle implementation (please number challenges with specific technical details)

11. Tell us about the challenges you faced during an upgrade project (please number challenges with specific technical details)

12. Prove yourself a team player by giving any example of specific task during an implementation that you resolved by your leadership\team building skills (please describe the situation).

13. Give any example of any system enhancement that you proposed which didn't get implemented (please propose any system enhancement idea)

14. Identify a project you are involved with, in which you had to resolve some significant conflicts. Please explain the nature and origin of conflicts, and how you resolved them.

15. Did you encounter any personality conflicts in the previous projects and how did you deal with them?

16. Did you work in any project at a client place with teams from multiple organizations with conflicting priorities? How did you deal with the situation?

17. Did you get a chance to mentor any one? Talk about the experience.

18. What software development methodologies you are familiar with and how did you use them in the most significant project you did?

19. Did you ever get to deliver bad news to some body, either to your client, some one who worked for you etc. how did you handle it?

20. Did you face attrition in any project? How did you deal with it?

21. On lengthy and tedious projects how do you keep your

self-motivated and how do you keep your team members motivated?

22. Did you ever get to make a very critical decision? What is it and how did you handle it? What are the things you consider before making a decision?

INTERVIEW QUESTIONS- PART V

FI

1) Tell me about FI Organisational structure.2) How many Normal and Special periods will be there in fiscal year, why do u

use special periods.3) Where do you open and close periods.4) What do you enter in Company code Global settings?5) What is document type, and what does it control..?6) What is posting key and what does it control.7) What is field status group, what does it control.8) What is chart of account and how many chart of accounts can be assigned to

a company.9) What does definition of a chart of account contains?10)Can one COA be assigned to several companies..?11)What is account group and what does it control.

12)What is reconciliation account, Can you directly enter documents in that a/c?13)How do you control field status of GL master records and from where do you

control.13) What are the segments of GL master record.14) What does Field status group assigned to a GL master record controls..? (Ans : Field status of document line items entered in that particular GL a/c.)15) What is Country and operational chart of account..? Why do you use group chart of account?16) What are all the segments in a Customer/Vendor master record.17) What is open line item management..? What do you mean by clearing open line items..? 18) What is residual payment and part payment?19) What is internal and external number ranges.20) What controls the Customer/Vendor master records field status.21) What is sub ledger.? How is it linked to GL?22) What is house bank, bank key and bank id..?23) Why do you use “Bank Type” in customer/vendor master records..?24) How do you identify a document..? How many line items one document can have..?25) Tell me some examples of standard document types.26) How do you control Document line item fields..? 27) Can one posting variant be used by several companies..?28) What is tolerance group..?29) If a document type is configured for Vendor and use that document type in the line item you enter a posting key meant for customer, now what will happen while document entry..?30) What does document header control..?31) After entering a document can you delete the entry..? Can you change the document..? Which fields’ can/not be changed? 32)What is special GL transactions..? 32) What is normal and negative reversal posting..?33) How do you reverse cleared documents?34) What is base line date..? Why is that used.? Can this be changed..? 35) What is park document and held document..? Differences..?36) Can you configure cash discount terms..?37) What are the types of tolerance rules..? (Ans.:3, Employee, GL a/c, Customer/Vendor)38) What is automatic payment programme..? What are all the steps to configure it..?39) What are all the settings you need to do before running the automatic payment?40) What is dunning..? What is dunning level..? How many dunning levels can be configured..?50) Explain the steps of dunning configuration.51) What is asset class.? What are depreciation areas..? 52) What is asset master..? 53) What is integration between FI and other modules..?54) Hwy do you need to have integration with SD and MM modules..?55) Tell me Journal entries passed in system from the time of good receipt to payment) 56) What is GR/IR account..? Why do you maintain that..?57) Tell me journal entries from the stage of procurement of raw-material till production of finished good and sales.58) Tell me the procedure of purchase (need to explain from Purchase requisition till payment), and tell me when and what entries do you pass.?

59) What is business area..? Can you assign it to a company..?60) What are financial versions..?61) What is solution manager..? 62) What are the stages of SAP implementation..?63) How due date of a document is calculated..?

CO

1) Tell me about CO organizational structure.2) What is cost centre and profit centre..?3) What is operating concern..? What is controlling area..?4) What is standard hierarchy..? 5) What is a Statistical key figure..?6) What are the allocation tools available in CO..?7) What is the difference between Distribution and assessment..? 8) What is reposting..? 9) What is cycle and segments..? 10)What is drilldown reporting..?11)What is product costing..? 12)What is cost element?13)What is the difference between primary and secondary cost elements?14)What is the internal order..? and types of internal order..?15)Profitability analysis report is taken at what level..?16)What is dummy profit centre..? And what is planning profile..?17)What is accrual..?

Above are the some of questions asked to me when I was appearing for interview. However prepare yourself thoroughly with the configuration steps and logical functional reasons. I am also attaching below some questions put on yahoo group (some of them with answers)

INTERVIEW QUESTIONS- PART VI

1) what is special purpose ledger? 2) Explain the importance of GR/IR clearing account. 3) What is the purpose of Activity type 4) what is specified by the cost element category? 5) what are the statistical key figures and what are they used for? 6) How are revenues dealt with cost cneter accounting? 7)what is accrual calculation? 8) what is the connection between activity type planning and price calculation? 9) what is the purpose of version?

10) which posting methods are available in co? 11) what is the main control parameter for settlement? 12) What is dummy profitcenter? 13) what is the purpose of reconcillation a/c? 14) what is the process flow for check deposit? 15)Explain the asset classes. 16) what is the connection between costelements and G/L accounts? 17) Explain the terms segment and cycle?

INTERVIEW QUESTIONS- PART VII

(1) What is the function of Account Groups weather be in gl or ap or ar ? (2) What is the fundamental behind Field Status Groups - where all assigments - what for used - master data level assignments (3) What configurations are reqd for Extended Withholding tx (4) What aboutt the posting periods ?? what configs -- you need to explain the screen? (5) What config is w.r.t. the field status variant. If he is asking abt a thing.. you wuld need to explain the full screen configs, assignments, usage etc. of that..... (6) Tax code configs and Account code assignments -- if you have done any tax procedures configs : that is taxes on sales or purchases (7) Tell me the structure of FI and CO in SAP : i.e. the enterprise struct (8) MM entries -- flow At the time of GR, GI, INV. VERIFICATION and

Payments (9) SD entries (10) Tell me abt the automatic account assignmnets -- MM integration (11) Tell me abt the Revenue account determination - SD intergration (12) What types of cost element are there - purposes - some cost element catetories in each type? (13) What is the main integrating element between FI and CO -- cost element (14) Differnece between the functionalities of Account Group and field status group (15)*****What is the t-code for closing costing periods CCA-- ENVIRONMENT -- okp1 (16) **** FI has to be closed first aand then only CO (17) Chart of accounts config-- automatic creation of cost element? (18) Financial Statement Versoin -- purpose etc. (19) Number ranges -- (20) Automatic payment run -- full screen -- application menu - every field (21) Config for APP (22) miro -- Logistics Invoice Verification --what for ers.. (23) Downpaymentsà both AP and AR (24) Difference between Distribution and Assessment cycle... in CCA in CO? (25) Internal Order Types if you put this (26) Settlement of Internal Orders - Configs as to allocation structure, settlement cost elements config etc. -- dist passes the entries by cost element and hence looses the tracking at the source but assessment passes the entry w.r.t. the assessment cost ele it dr and crs the same SCE and hence .... the oritianl value in the PCE is stored but the total vlaue becomes ZERO

(27) Business Area concepts and COMP CODE AND BA relations (28) Functional areas -- cost of sales accounting (29) **** RP/RW àallocated trail bal -- bUSINESS AREA WISE glt0 -- FI for CO -- ccss (30) **** Depreciation Keys (31) asset master, chart of de

pn, asset clases, account determinations (32) Credit mgt FD32 (SEE SEOM CONFIGS) (AND STUDY FD32) (33) Periodic Processing -- FOR GL, AR, AP (34) **** Recurring entrie à Account Assigment models etc. (35) **** Structure of cost centes (36) Accounts config -- cash discount taken account, lost account, forex gain or loss accounts, allllllllllllll acounts (37) **** Doc types (38) Validations and Substitutes à Validations -- cash account <0 Substituesion -- if COST CENTER =1, PC -- ABCD (39) Tolerance Groups -- AP or GL or AR (40) Automatic clearin confius ********Global Settings, GL, AR, AP, some CEA, CCA, IO (41) ASAP Methodology - steps (42) Importance of stage of project (43) Transport Strategy à SE10 (44) What servers... How you transported.. how much team .How big ? how complex are the processes (45) Tables .... Minimum Tables à BKPF, BSEG, BSIS, BSID, BSIK, BSID, BSAK, BSAS, BSAS, GLT0, CCSS, CSKA, CSKB, ANLA, LFA1, LFB1, KNA1, KNB1, SKA1, SKB1, (46) How will you find a table àSE85, F1-F9, ST05 trace (47) Data Transfer Procedures -- BDCS

(48) Go Live and Cutover plan (49) Functionals Specifications.... and your role witih ABAPer à logic, what tables, what should be input, what should be output , output format (51) **** Reconciliatoin Ledger

ANSWERSWhat is the function of Account Groups weather be in gl or ap or ar ?a) Account group controls interval of accounts under group Field status of company code view in gl master creation (fs00)

(2) What is the fundamental behind Field Status Groups - where allassignments - what for used - master data level assignmentsa) FSG is bundle of predefined requirements at the time of documentposting to particular account. FSG controls fields status of documentat the time of posting like suppress, require and optional

(3) What configurations are reqd for Extended Withholding taxa) Wtax type, Wtax code, formulas for wtax calculation, assign wtaxtypes to company code, activate wtax, assign tax codes to wtaxaccounts and wtax type & wtax code assign to vendor master.

(4) What about the posting periods ?? what configs -- you need toexplain the screen?a) It controls periods of posting in which u want to entertransactions . In that screen u give posting period variant , accountgroup for allow posting , account interval and period year u want toallow for posting .

(5) What config is w.r.t. the field status variant. If he is askingabt a thing.. you wuld need to explain the full screen configs,assignments, usage etc. of that.....A) FSV is bundle of field status groups. FSG is bundle of predefined

requirements at the time of document posting to particular account.FSG controls fields status of document at the time of posting likesuppress, require and optional

(6) Tax code configs and Account code assignments -- if you have doneany tax procedures configs : that is taxes on sales or purchasesA) define procedures, assign procedure to country, define tax codes,assign account for tax postings

(7) Tell me the structure of FI and CO in SAP : i.e. the enterprise structa) GLcompany code controlling area under GL chart of account, account groups and gl masters sub ledger account both accounts payable and recivables asset accounting in CO controlling area , cost elements, cost centers , profit centers,

(8) MM entries -- flow At the time of GR, GI, INV. VERIFICATION and PaymentsA) if GR stock a/c Dr To gr/ir a/c IR gr/ir a/c Dr To vendor a/c Payment vendor a/c Dr To bank a/c invoice verify withreference of purchase requisition,Purchase order , goods receipt , invoice receipt , payment terms andagreement between vendor and company.

(9) SD entriesA) customer a/c Dr To stock a/c Bank A/c Dr To customer a/c

(10) Tell me abt the automatic account assignmnets -- MM integrationA) automatic account assignments on basis of valuation area ,valuation modifier , Valuation class and valuation grouping code

(11) Tell me abt the Revenue account determination - SD intergrationA) Revenue account determination on the basis of application ,condition type , sales org , chart of a/c , account assignment groupand accounting key.

(12) What types of cost element are there - purposes - some costelement catetories in each type?A) primary cost elements – cat 1,11 and 12 Secondary cost elements – cat 43 ,41 and 31

(13) What is the main integrating element between FI and CO -- cost element A) primary cost element

(14) Differnece between the functionalities of Account Group andfield status groupA) Account group controls interval of accounts under group Field status of company code

view in gl master creation (fs00) FSG controls fields status of document at the time of postinglike suppress, require and optional

(15)*****What is the t-code for closing costing periods CCA-- ENVIRONMENT -- okp1 (16) **** FI has to be closed first aand then only CO (17) Chart of accounts config-- automatic creation of cost element? Financial accounting general ledger accounting generalledger master records preparations  edit chart of account list

automatic creation of cost element- FS00 ( KA01) (18) Financial Statement Versoin -- purpose etc. A) for external reporting and fulfill country legal requirements (19) Number ranges -- FBN1 (20) Automatic payment run -- full screen -- application menu - every fieldA) parameters, proposal , edit proposal , payment run and print out. (21) Config for APP A) TC FBZP (22) miro -- Logistics Invoice Verification --what for ers.. A) ers sales deductions (23) Downpayments both AP and AR A) special gl transactions transaction type -A (24) Difference between Distribution and Assessment cycle... in CCA in CO? A) both are allocation methods but distribution allocate onlyprimary cost elements and assessment does both primary and secondarycost elements. (25) Internal Order Types if you put this A) investment orders, overhead orders, accrual orders and order with revenue (26) Settlement of Internal Orders - Configs as to allocationstructure, settlement cost elements config etc. -- dist passes the entries by cost element and hence looses thetracking at the source but assessment passes the entry w.r.t. the assessment cost ele it dr and crs the same SCE and hence .... the oritianl value in thePCE is stored but the total vlaue becomes ZERO (27) Business Area concepts and COMP CODE AND BA relations A) Business Area used for segment level reporting .CO code forexternal reporting but business area always independent . (28) Functional areas -- cost of sales accounting (29) **** RP/RW allocated trail bal -- bUSINESS AREA WISE glt0 -- FI for CO -- ccss (30) **** Depreciation Keys A) assign to asset master (31) asset master, chart of depn, asset clases, account determinations A) requirements for configure asset accounting (32) Credit mgt FD32 (SEE SEOM CONFIGS) (AND STUDY FD32)A) manage credit limits of customers in a company code (33) Periodic Processing -- FOR GL, AR, AP (34) **** Recurring entrie  Account Assigment models etc. (35) **** Structure of cost centes a) description, person responsible, dept , std hierarchy,functional area and profit center

(36) Accounts config -- cash discount taken account, lost account,forex gain or loss accounts, allllllllllllll accounts A) account receivable and payable  business transactions outgoing / in coming payments global settings define accounts for cashdiscount taken/ lost (37) **** Doc types----- OBA7 (38) Validations and Substitutes  Validations -- cash account <0 Substituesion -- if COST CENTER =1, PC -- ABCD (39) Tolerance Groups -- AP or GL or AR (40) Automatic clearin confius ********Global Settings, GL, AR, AP,some CEA, CCA, IO(41) ASAP Methodology – steps A) project preparation , blue print , realization , finalpreparation and go&live (42) Importance of stage of project (43) Transport Strategy  SE10 (44) What servers... How you transported.. how much team .How big ? how complex are the processes A) development , quality/testing and production servers (45) Tables .... Minimum Tables  BKPF, BSEG, BSIS, BSID, BSIK, BSID,BSAK, BSAS, BSAS, GLT0, CCSS, CSKA, CSKB, ANLA, LFA1, LFB1, KNA1,KNB1, SKA1, SKB1, (46) How will you find a table SE85, F1-F9, ST05 trace (47) Data Transfer Procedures -- BDCS ,CATT and LSMW (48) Go Live and Cutover plan (49) Functionals Specifications.... and your role witih ABAPer logic, what tables, what should be input, what should be output ,output format (51) **** Reconciliatoin Ledger A) It reconcile data between fi and co. it require when u assignmore than one com[any code to one controlling area.

INTERVIEW QUESTIONS- PART VIII

1) What is the stage when we integrate MM & SD with FI?A) When cross module postings incur

2 What other things (exclude the field status variant) make the seating of Document layout?A) POSTING KEY

3 what is the diff. Of Account Assignment Module & Sample Document?A) In AAM u can change all thing what we have enter but sampledocument like template u can change amount only here.

4 What is Profit Center & Cost Center? If we want to implement PC then cost center is required to maintain or we want to implement CC accounting the Profit Center is required to maintain?A) Profit center for internal reporting purpose and cost center forwhere costs are incur. Yes cc is required for co-pc and co-pca is notcompulsory for co-cca.5 What is hard currency?A) Some currencies have high inflation effect in that countries theyuse some other currency for calculation purpose. That other currencywe called hard currency for that country.

6 How you given the planning data in COPA module?A) Through user menu in profitability analysis

7 what is the deprecation Area? Can a deprecation key assign to multiple deprecation area?A) Deprecation area is what type of dep we want to calculate like bookdep or special dep. yes a dep key assign to more than dep area.

8 How many deprecation keys in SAP?A) number of dep keys we can maintain10 What is the accounting entry at the time of delivery (PGI) & out going billing? A) customer a/c Dr

To material stock a/c11 what is the config steps for interest calculation?A) maintain interest calculation types, define reference interestrates, define time dependent terms, enter interest values and preparegl balance interest calculations13 what is the accounting entry of deprecation run in SAP?A) depreciation a/c Dr To accumulated depreciation a/c 16 How a sale comes in P.A.?A) Value fields mapping with SD condition types18 what the diff. In partial & residual payment?A) partial- it leaves the original invoice amount and creates newline item for incoming amount. Residual- it clears original invoice with incoming amount andcreate new line item for remaining outstanding amount.

INTERVIEW QUESTIONS- PART IX

1.What is Dunning area where it will represent?

An organizational unit within a company code from which dunning is conducted.The dunning procedure is controlled and the dunning notices are sent separately per dunning area. A dunning area can represent the following:DivisionDistribution channelSales organizationBusiness areaUseIf different responsibilities or different dunning procedures exist within a company code, you can set up corresponding dunning areas.All dunning notices are made separately according to dunning areas , and if necessary with different dunning procedures.DependenciesThe dunning area must be noted in the line items. As long as documents are copied from preliminary work areas (billing documents), the dunning area can be derived from details such as division or sales area, if necessary.

2.When can we use Dunning area?Dunning areas are used when several organizational units are responsible for dunning within a company code (these organizational units are known as ‘dunning areas’). The dunning area can represent a division, a distribution channel, a sales organization, or a business area.Q. What are the different steps that are configured in Dunning procedure?A pre-defined procedure specifying how customers or vendors are dunned.For each procedure, the user definesNumber of dunning levelsDunning frequencyAmount limitsTexts for the dunning noticesQ. Define credit management and steps in configuration of credit management?You can set a credit limit for your customers and control how much of the credit limit is used or exceeded.If you use the SAP R/3 component SAP LO-SD, the system usually prevents you from creating further sales orders if the credit limit has been exceeded.SAP LO-SD is not discussed in this document. If the credit limit has been exceeded, the system outputs a warning message when an invoice is posted.

Steps1. The company code is assigned to a credit control area.

2. set a credit limit manually or maintain the credit control area accordingly in Customizing. Path:

Accounting Financial Accounting Accounts Receivable Credit Management Master Data ChangeFD32

In the Customer Credit Management Change: Initial Screen, enter the required data and select the Central Data checkbox.

Field name

Description R/O/C User action and values Comment

Customer R 105 ExampleCredit control area R XDE1

Choose Enter.

Enter the required data.Field name

Description R/O/C User action and values Comment

Total amount R 50,000 ExampleIndividual limit R 50,000 ExampleCurrency R EUR

Save your entries.Q. Procedure for cheque deposit?Call up the transaction as follows:

Menu path Accounting Financial Accounting Banks Incomings Check Deposit Manual Entry

Transaction code FF68In the Edit Check Deposit List screen, enter the required data.

Field name User action and values CommentCompany Code

XDE1

House Bank DBAccount ID GIROGroup BP01 You can enter a group name of your

choice. The name is used to differentiate between check deposit lists. You can, for example, enter you initials with a sequential number if you want to create several lists per day.

Transaction CD01+ Transaction: Direct check depositPosting Date

Today

Value Date Today + 2 daysCurrency EURPushbutton Enter

You can also display this dialog box by choosing Settings Specifications.

Field name User action and values CommentInt. Bank Determin.

Set flag If this flag is set, you can enter the house bank ID and the account ID. If the flag is not set, you have to enter the bank number and the bank account number.

Start Variant

BP01

Processing Type

4 If you enter this processing type, you have to use transaction FEBA for further processing.

Transfer Value Date

Set flag

Choose Continue or Enter

In the Edit Check Deposit List screen, enter the required data. Field name User action and values Comment1. CheckAmount 4,500Check No. 1500001Issuer Schmitt und SoBank Key 12345678Reference Doc No

SZ00001

2. CheckAmount 999Check No. 1600002Issuer Holzmann KGBank Key 456789123Reference Doc No

SZ00002

Pushbutton Save The check deposit is included in the system when you choose Save, but is not yet posted. You can still change the check deposit transaction or add new items.

Pushbutton Post The check deposit is posted online (in the background).

Transaction CD01 is for ‘Direct check deposit’ and contains the posting logic for the document to be posted. In this case, the document is posted:From the bank subaccount 280008 to the customer, and the open item is cleared. In this case bank subaccount is debited and customer account is credited.Both of the checks received are posted on the debit side in the bank clearing account. The totals posting on the account statement, however, is in credit.

Once you have posted the check deposit, the system displays the posting statistics.These enable two FB02 postings have been carried out.ResultThe customers have been cleared and you have printed out a list to be deposited with the check(s) at the bank.

Clearing Bank Subaccounts Manually(Bank Clearing Accounts)UseBoth of the checks received are posted on the debit side in the bank clearing account. The totals posting on the account statement, however, is in credit.ProcedureCall up the transaction as follows:

Menu path Accounting Financial Accounting General Ledger Account Clear

Transaction code F-03

In the Clear G/L Account: Header Data screen, enter the required data.Field name User action and values CommentAccount 280008 Bank 1 (checks received)Company Code

XDE1

Pushbutton Process Open Items

Q. where credit control reports are available?1. Call up the transaction as follows:

Menu path Accounting Financial Accounting Accounts Receivable Credit Management Credit Management Info System Overview

Transaction code F.31

Q. Why do we run batch input processing in interest calculation or other processIn order to carry out the postings, go to batch input processing.

Q. What is the use of Spool in batch process runningGo to the spool administration to print out the letters. Q. What are different fields that a customer master data screen contains under correspondence?Dunning procedure, dunning receiptent, last dunned, duncheck, dunning block, dunning level, grouping key, Dunning areas, Legal Dunning procedure.Q. Important screens in dunning procedureDunning levels Dunning chargesMinimum amountsDunning texts Special G/L indicatorsQ. What a grouping key represents in setting dunning steps in customer master?The grouping key represents a rule according to which the open items of the account are to be grouped together for dunning notices.You must define one field from the open items for each grouping key. All items which have the same contents in this field are then grouped together in a single dunning notice. With credit memos, ensure that the contents in this field match those in the same field in the invoice; if this is not the case, the items will either be included in a different dunning notice or will not be dunned at all.Example:If you install Financial Assets Management, you can define a rule which creates a separate dunning notice for every rent object.

3.What is Company Code?

The company code is the smallest organizational unit in Financial Accounting for which a complete self-contained set of accounts can be drawn up for the purposes of external reporting.

4.What is Line Item and what it controls?The part of a document containing information on a single item.This information includes the:Amount Account numberWhether the item is a debit or creditAdditional information depending on the transaction to be posted

5. Define Sales area?A combination of sales organization, distribution channel, and division.

6. What is division and division category?Company-internal key for the division category that is predefined by the Utilities Industry (IS-U) component.One or more divisions are allocated to the division category.For example, a utility company might divide the division category water into drinking water and waste water.

Q. Define receivables and what are the subdivisions of receivables?A claim for payment on the recipient of goods or services supplied.Receivables are shown in the balance sheet under current assets.subdivisions, such as receivables from goods and services and receivables from consolidation companies.

Q.What is Accounting document what happens if a accouting document is posted?The accounting documents record changes in values in a company code arising from accounting transactions.When posting an accounting document, the SAP system updates the transaction figures in the accounts to which the document is posted.An accounting document is a representation within the SAP System of the document (for example, an invoice) that triggered the posting

Q. What is Screen variant Why it is used?Examples In some cases screens with country-specific features are needed when entering accounting documents.You determine which screen variant is to be processed per company code. ScrV 1 for Austria and SwiterzerlandScrV 2 France and countries with withholding taxThe screen variant which you specify for each company code addresses special screens for documents for several specific functions. You determine the screen variant dependent on the company code.ExampleIn an Italian company code, for example, a screen with fields for withholding tax is required when entering a vendor item. You therefore have to select a special screen variant for Italian company codes.Standard settingsA corresponding variant was selected for the standard company codes.ActivitiesCheck whether the required variants have been selected for your company codes.

Q.What is Screen variant and what are different types of screen variants

With a screen variant, you determine which fields are displayed and/or ready for input during entry / fast entry.SAP delivers different screen variants for the different business transactions.Transactions in FI:Program Application Number of linesPost document Invoice/credit memo 2Post document G/L account items 2Account statement 4Check deposit trans. 3External documents 2Parked documents 2Account assignment model 2Payment advice notes 1

Q What is use of Workflow variant?To group together several company codes. You must define the same local currency for the company codes assigned to this workflow variant. This local currency must correspond to the currency of the workflow variant.

Q. Define ?A type of profit and loss statement that matches the sales revenues to the costs or expenses involved in making the revenue (cost of sales).The expenses are listed in functional areas such as:ManufacturingManagementSales and distributionResearch and developmentCost of sales accounting displays how the costs were incurred. It represents the economic outflow of resources.

Q. What is the use of maintaing functional area?Functional central organizational unit for Cash Budget Management and Funds Management.Financial Management areas subdivide an organization into units in which you can conduct independent cash budget management and independent funds management.An FM area is an organizational unit which plans, controls and monitors funds and commitment budgets

Q. Can a Company can have more than one company codeA company can consist of one or more company codes.All company codes within a company must use the same transaction chart of accounts and the same fiscal year breakdown. The company code currencies can be different.A company has one local currency in which its transaction figures are recorded

INTERVIEW QUESTIONS- PART X

How do I know which target cost version we are using? To find out which version is used for your Target Cost, try this menu path IMG Controlling - Product Cost Controlling - Cost Object Controlling - Product Cost by Order - Period-end Closing - Variance Calculation - Define Target Cost Versions (tcode OKV6).

How do you change the "Input tax code - Assets without input tax" value for a company in Asset Accounting? Technically, how do you change field MWSKZVA field in table T093C? TIA. You can used transaction 'OBCL'. Via customizing: Asset accounting - Integration with general ledger - Assign input tax indicator for non-taxable acquisitions

Require GR & IV report Is there any report on GR pending for IV? You could try executing program RFWERE00, without postings. This is the same program which is used for period end closing- regrouping of GR/IR...but for only a report do not create postings. or May be transaction MB5S can help you out.

Retained Profit Account After you run the GL balance carry forward, you only manage to know the balance carry forward for the retained profit account but you don't how much is actually post to the particular account. You have try almost all of the standard report but still can't find any report that can show you the figure. The balance carried forward is only a 'calculated' figure and not a 'posted' figure. The break-up of the retained earnings figure is available when you run the balance carried forward report. You can also derive the balance by selecting only the P&L Accounts for the relevant period. The net balance of these accounts should equal the retained earnings account.

ACH payment configuration Based on 4.0B. Is it possible to configure the system for ACH payments or do we need to upgrade? You can use RFFOUS_T to produce an ACH file. You may have to use user exits to write header and trailer records. Please read documentation on this program and it is self-explanatory.

Locking of Planning Data in Profit Center Accounting How to lock planning data in profit center accounting. In 4.6 b the transaction is S_ALR_87004395 - Maintain Versions you can lock versions for each fiscal year

Changes in vendor master Is there a report which shows changes in vendor master data. Not only for one like MK04 or XK04 but for a range like all changes in vendors per ccode. (should be similar to customer master transdaction OV51) You can used report "RFKABL00".

In the accounts payable reporting menu this program can be found via: Accounts payable - Adequacy and documentation - Master data - Display of vendor changes

(depending on your SAP version of course)

Bank Statement Upload

How to used the program RFEBKATX? This creates two files STATE.TXT and ITEM.TXT.

How are these files imported into SAP?

Try using program RFEBKA00 to upload the two files.

- one is the header file containing the House bank & account information along with the date and the statement number - the other is the item details.

1. Whether any FI doccument will be created during PO(Purchase order)? If please mention the entry also. 2. What factors differentiates from one dunning level and other dunning level? 3. APP There will be many banks in a house bank. If the payment should be maid from particular bank GL account. Where it is need to configured. 4. What are various types of servers in SAP R/3 5. Can anybody explain me FI-MM integartion.pl explain in detail i. movement types ii. account class iii. material types 6. Maximum no. of dunning levels are created? 7. In how many ways APP is configured 8. What is diff between AAM, Recurring entries, Sample doccument?

Find here with the answers for your questions

1.Whether any FI document will be created during PO(Purchase order)?If pl mention the entry also?

Ans: There is no document that is created in FI side during PO. But in controlling there can be a commitment posting to a Cost Center. The offsetting entry is posted at the time of GR.

2.What factors differentiates from one dunning level and other dunning level

Ans: The most important thing that differentiates the dunning levels are the dunning texts. The dunning text defines the urgency of the dunning notice. The other things can be the dunning charges, minimum & maximum amounts etc.

3.APP

There will be many banks in a house bank. If the payment should be maid from particular bank GL account. Where it is configured.

Ans: There can be several accounts in the same house bank. We should assign the GL accounts exclusively at the time of creating the Bank master data and the bank accounts. Accordingly we can do the bank determination in FBZP for the individual banks and the corresponding sub accounts.

Tr code for Defining bank : FI12.

4.What are various types of servers in SAP R/3?

Ans: The Typical SAP landscape looks something like figure 1.4 below:

5.can anybody explain me FI-MM integartion.pl explain in detail

i. Movement types:

Classification key indicating the type of material movement (for example, goods receipt, goods issue, physical stock transfer).

The movement type enables the system to find predefined posting rules determining how the accounts of the financial accounting system (stock and consumption accounts) are to be posted and how the stock fields in the material master record are to be updated.

ii. Valuation class

Assignment of a material to a group of G/L accounts

Along with other factors, the valuation class determines the G/L accounts that are updated as a result of a valuation-relevant transaction or event, such as a goods movement.

The valuation class makes it possible to:

- Post the stock values of materials of the same material type to different G/L accounts - Post the stock values of materials of different material types to the same G/L account

iii. Transaction/Event Key

Key allowing the user to differentiate between the various transactions and events (such as physical inventory transactions and goods movements) that occur within the field of inventory management.

The transaction/event type controls the filing/storage of documents and the assignment of document numbers.

iv. Material Type

Groups together materials with the same basic attributes, for example, raw materials, semifinished products, or finished products.

When creating a material master record, you must assign the material to a material type. The material type you choose determines:

- Whether the material is intended for a specific purpose, for example, as a configurable material or process material - Whether the material number can be assigned internally or externally - The number range from which the material number is drawn - Which screens appear and in what sequence - Which user department data you may enter - What procurement type the material has; that is, whether it is manufactured in-house or procured externally, or both

Together with the plant, the material type determines the material's inventory management requirement, that is:

- Whether changes in quantity are updated in the material master record - Whether changes in value are also updated in the stock accounts in financial accounting

6.Maximum no. of dunning levels are created?

Ans: 9 levels maximum.

7.In how many ways APP is configured?

Tr Code: FBZP

8.What is diff between AAM,Recurring entries,Sample doccument?

Account Assignment Model: A reference for document entry that provides default values for posting business transactions. An account assignment model can contain any number of G/L account items and can be changed or supplemented at any time. In contrast to sample documents, the G/L account items for account assignment models may be incomplete.

Recurring Entries: A periodically recurring posting made by the recurring entry program on the basis of recurring entry original documents. The procedure is comparable with a standing order by which banks are authorized to debit rent payments, payment contributions or loan repayments.

Sample Documents: Special type of reference document. Data from this document is used to create default entries on the accounting document entry screen.

Unlike an accounting document, a sample document does not update INTERVIEW QUESTIONS- PART XI

Part I Accounts Payable (AP)

Additional logQ1- What is the additional log in the AP payment program and how can it be used for troubleshooting?

A-The additional log is an important setting when performing a payment run. The amount of information stored in the log can be selected. If there are any errors with the payments run, due to either missing or incorrect master data settings, negative balances due to credit memo’s etc, the system will report these in the additional log.

Support position interviews often ask this question as a way of determining if you know how to troubleshoot day-to-day Accounts Payable operations.

Master Data Q2- How can you link customer and vendor master records and what is the purpose of doing so?

A- On the customer master there is a field “vendor” and likewise on the vendor master there is a field “customer”. By entering these master data numbers, a link can be created between the AP/AR sub ledgers for use in the payment program, dunning routine and the clearing of open items. For example in the payment program, if a specific business partner is your vendor but also your customer, linking their master records together will allow the open AR invoices to be offset against the outstanding AP invoices.

Payment TermsQ3- What are terms of payment and where are they stored?

A- Payment terms are created in configuration and determine the payment due date for customer / vendor invoices. They are stored on the customer / vendor master record and are pulled through onto the customer / vendor invoice postings. The due date derived via the payment can be changed on each individual invoice if required.

Baseline DateQ4- What is meant by a “baseline date” in SAP AR and AP?

A- The baseline date is the date from which the payment terms (specific in IMG transaction OBB) apply. Usually this is the document date on the invoice but can also be the date of entry or posting date from the ledger.

One Time VendorQ5- What are one time vendors?

A- In certain industries (especially where there are a high volume of cash transactions), it is not practical to create new master records for every vendor trading partner. On-time vendors allow for a dummy vendor code to be used on invoice entry and the information which is normally stored in the vendor master (payment terms, address etc), is keyed on the invoice itself.

Q6-What factors should be considered when configuring an Accounts Payable Vendor Group?

A- The following are determined by the creation of a new AP vendor group (transaction OBD3)

. Whether the vendors in this group are one-time vendors i.e. no master record is created but the address and payments details are entered against each invoice to this vendor.. Field status group – which fields on the vendor master are suppressed, optional or mandatory when creating vendors belonging to this group.

Additionally the vendor number ranges defined in transaction XKN1 need to be assigned to your vendor account groups in transaction OBAS. The decision needs to be made whether to assign an external number range (where the user chooses the master record number) or an internal number range (system assigned)

Payment RunQ7-Name the standard stages of the SAP Payment Run.A- The following steps are usually performed during the payment run. . Entering of parameters (company codes, payment methods, vendor accounts etc) . Proposal Scheduling – the system proposes list of invoices to be paid. . Payment booking – the booking of the actual payments into the ledger. . Printing of payment forms (cheques etc)Variations on the above may be found in different SAP customer, but the interviewer will be looking for the basis steps above.

Payment MethodsQ8- What is the purpose of payment methods and when are they stored?

A- Generally payment methods are one digit alphanumeric identifiers that indicate the type of payments made to vendors or received from customers. There are many standard delivered SAP entries for each country. The payment methods are stored in the vendor / customer master record as well on vendor / customer line items. (The default from master record can be changed during manual postings)

Electronic BankingQ9- Explain briefly how you can import electronic bank statements into SAP.

A- A text file is received from the bank which is then uploaded into the SAP system. The file contains details of the company’s bank movements e.g. cheques, bank interest, bank charges, cash receipts, etc. Depending on the system configuration SAP will attempt to book these transactions automatically to the correct accounts to avoid the need for manual entries by SAP users.

Any postings which the system can not derive automatically can be booked through “post-processing”

Part II Accounts Receivable (AR)

Residual PaymentsQ10- In Accounts Receivable, what’s the difference between the ‘residual payment’ and ‘part payment’ methods of allocating cash?

A- These are the two methods for allocating partial payments from customers. . As an example, lets say invoice A123 exists for $100 and a customer pays $60. With partial payment, the $60 simply offsets the invoice leaving a remaining balance of $40.With residual payment, invoice A123 is cleared for the full value $100 and a new invoice line item is booked for the remaining balance of $40.

CorrespondenceQ11 – What are correspondence types in AR / AP?A- Correspondence types are different outputs which can be printed and sent to your business partners based around either customer vendor or GL information. Popular correspondence types include customer statements, payment notices and line items lists. Within the most common AP/AR functions (such as ‘Display vendor line items’ below there is the option to generate correspondence requests. At the end of the working day these can be printed together as a batch and sent out.

DunningQ12- What is “dunning” in SAP?

A- Dunning is the process by which payment chasing letters are issued to customers. SAP can determine which customers should receive the letters and

for which overdue items. Different letters can be printed in SAP depending on how far over due the payment is; from a simple reminder to a legal letter. The dunning level on the customer master indicates which letter has been issued to the customer.

Reason CodesQ13- What are “reason codes” used for in Accounts Receivable module and what are the factors to be considered in their configuration?

A- Reason codes are tags which can be assigned to explain under / over payments during the allocation of incoming customer payments. They should not be confused with ‘void reason codes’ used when outgoing checks are generated. During configuration the following are determined:.Whether the items booked with these reason codes are to be flagged as disputed items for the purpose of credit management (disputed items do not increase a customer credit exposure).The type of correspondence (if any) to be generated for this reason code as a result of the under / over payment..Whether a separate line item should be created to charge off the payment differences to a separate G/L account.

Part III: Document PostingsRate FactorsQ14- What are exchange rate “factors”?

A- Exchange Rate factors are the relationships between one currency and another to which an exchange rate os applied. For example you may define the Indonesia Rupiah to US $ factor as 10000:1 Combined with an exchange rate of 0.95 this would equate to 9500 IDR to 1 USD

Parking DocumentsQ15- What is document parking and why is it important when consideration internal control procedures and “segregation of duties”?

A- Parking is a SAP term which means a posting (AP/AR/GL) can be temporarily saved (possibly with incomplete information) without hitting the affected ledger(s). A separate person can then release the posting to the ledger when required. This is useful for example if junior staff are to initially enter the invoices, before their supervisor checks it and books it to the ledger. Another popular use is when entering GL journals with many hundreds of line items. The document can be part saved allowing for completion at a later date.

Document CurrencyQ16- Explain the document currency (WRBTR) and local currency fields (DMBTR) when posting a document in SAP FI

A- On the document header, the currency key is entered. If this is different from the entity currency (or local currency), an equivalent amount in local currency is calculated automatically by the system and stored in the field “local currency”. It is possible however to overwrite the system proposed value in this field manulally. If the local amount is manullay over written, and the difference between the implied exchange rate is sufficiently different to the rate used by the system, a warning or error message is displayed (depending on system configuration)

Substitution RulesQ17- What are FI substitution rules?A- Defined in configuration they are similar to the FI validation rules above.

Substitution rules allow field values to be replaced when certain pre-requisites conditions are met.

Exchange Rate TypesQ18- What are exchange rate “types” in SAP?

A- Exchange rate types are how SAP categorizes the different sets of exchange rates int eh R3 system. By default exchange rate type “M” is used for the rates used to calculate local currency in the SAP system..

Calculated Rate vs Header RateQ19- During document posting, under what circumstances would SAP display the following warning / error message” “Calculated rate deviates from document header rate by x%”A- This occurs when the exchange rate in the document header (either entered by the user or derived from the exchange rate table) differs by a larger amount than that specified as the maximum tolerance. (The message can changed to be either error or a warning)

Foreign CurrencyQ20- When entering foreign currency FI transactions describe the various ways in which the exchange rate is derived by SAPA- The exchange rate can be entered via either:- . Directly on the document header . Derived fromt eh exchange rate table (by leaving exchange rate blank) . Indirectly, by entering the explicit local currency amount so the system is forced to use a specific exchange rate.

FB50 vs FB01Q21-What is the difference between the Enjoy SAP document entry screens (e.g. FB50, FB60 etc) and the old general posting transaction (FB01)

A- The Enjoy SAP screens were created to expedite data entry for AP, AR, and GL postings. In the old FB01 screen users were required to enter document types and posting keys manually to determine the nature of the postings. In the Enjoy SAP data entry screens these are defaulted via a configuration table so the user just has to choose debit / credit and the system will default the posting key. The document type is determined based on whether the entry is a vendor / customer invoice / cedit memo or GL journal.

Validation RulesQ22- What are FI validation rules?

A- Validation rules (configured via transaction code OB28) enforce certain conditions when FI postings are made.

Validation rules comprise:A pre requisite event that has to occur for the validation check to take place.The check itselfThe output message that is to be displayed (you can choose between a warning or error message)For example you may wish to ensure that users only enter GL journals with document type ‘SA’ for a special GL account 88510005 in company code A100. Your pre requisite would be if the GL account = 88510005 in company code = A100. The check would be that the document type = SA and in the event of an incorrect entry the message could be “Error – only document type SA allowed” You can enrich validation routines using ABAP code.

Internal Number Assignment

Q23- Explain the terms internal number assignment” and “external number assignment” and the difference between them? Why is it generally not a good idea to have external numbering on transactions?

A- “Internal” numbering means R3 system assigns the next available sequential number to the master data object or transaction posting. “External” means the user has to manually enter the number during the creation of the master record or the posting of the document.

Entering the document number manually on each SAP financial posting is a time consuming effort and causes a risk to those transactions booked via interfaces. Often organizations want to do this to match source or legacy systems data with R3. However there are plenty of text and reference fields available to store this information without requiring external numbering.

Part IV General Ledger

Transporting Tax CodesQ24- Explain the procedure for transporting tax codes and their associated rates between SAP systems.A- Rather than simply attaching tax codes to a transport as per any other SAP

configuration, a unique import / export routine needs to be followed which imports the settings into your productive SAP system. The export routine can be found under within IMG transaction FTXP via transport tax codeexport/import

The tax codes themselves have to be manually created in the target system. You leave the tax rates blank (your basis colleagues will have to ensure your production system is open for configuration) and run the import routine. Note that the tax accounts have to maintained manually in production also. This is a common interview question which can be quickly used to test those with previous FI/CO experience.

GR/ IR clearingQ25- Explain what is meant by GR/IR clearing?

A- Goods receipts fromt eh MM module typically generate entries such as - Debit Stock, Credit GR/IR clearing

This indicates an increase in stock and a pending entry to be cleared once the invoice from the vendor arrives. At month end there will be a need to accrue those purchases received but not yet invoiced hence the reason for the account named ‘Good Received / Invoice Received’ Typically the balance on this account at month end indicates the value of goods received but not invoiced. Once the invoice is received th corresponding entry is booked.

- Credit Vendor, Debit GR/IRThese opposite entries to the GR/IR need to be cleared against each other. (This account is managed on an open itme basis) Using th F.19 transaction this can be done automatically by using the PO and line itmen numbered stored in the assignment field.

Account Type FieldQ26- Explain the purpose of the account type field in the GL master record

A- At year enf P&L accounts are cleared down to the retained earnings balance sheet account. This field contains an indicator which is linked (in the IMG transaction OB53) to the specific GL account use in this clear down.

Alternative AccountQ27- What is the alternative account field used for in the GL master record?

A- Another very popular interview question. This field can be used to store the old legacy system’s account number against the new number in SAPA standard search help exists which will allow users to search for the SAP account based on the old legacy account number. This is particularly used for the new SAP users who are still getting used to the new chart of accounts.

GL ViewsQ28- What is the difference between the chart of account view and company code view when maintaining a GL account?

A- There are two screens which have to be maintained for each new GL account. The first is at ‘chart of account’ level (transcation FSP0) and contains the information used by all company codes using this chart of accounts such as description, group account number etc.Each company code using this chart will then add its own company code view (via transaction code FSSO) which contains localized data specific to that entity e.g. field status group, alternative account number etc.The chart of accounts screen must be maintained before the local company code screens.

Sort KeyQ29- What is a sort key and what is it used for?

A- Sort keys are stored in customer, vendor and GL master records. They determine what value is populated in the assignment field in the document line items posted. There are several standard entries in pre-delivered SAP system and additional entries can be configured if required. A ver common use for sort key O14 Purchase Order number for example, is to allow the GR/IR clearing GL account to be cleared automatically. For FI/CO jobs in logistics environment this is a common question.

Fiscal Year VariantQ30- Special PeriodsQ31- What are special periods 13,14,15,16 and what are they used for?

A- When you define the fiscal year variant you can choose to define additional special periods. These can be used for example for the posting of year end adjustments, auditors, adjustments etc. Periods 1-12 can be closed and periods 13-16 left open during year end closing.

GL Status GroupsQ32-What are GL field status groups and where are they used?

A- Field status groups are defined in configuration and are used to determine which fields are available for posting when entries are booked against GL accounts. Each field can be set as optional, mandatory, or suppressed.

Recurring EntriesQ33- What are the recurring entries and wy are they used?

A- Recurring entries (setup in FBD1) can eliminate the need for the manual posting of accounting documents which do not change from month to month. For example, a regular rental expense document can be created which can be scheduled for the last day of each month. Usually multiple recurring entries are created together and then processed as a batch at month end using transaction F.14

Currency RevaluationQ34- Explain how foreign currency revaluation works in SAP R3 FI

A- Over time the local currency equivalent of foreign currency amounts will fluctuate according to exchange rate movements. Usually at month end, there is a requirement to restate these amounts using the prevailing month end exchange rates. SAP can revalue foreign currency GL account balances as well

as outstanding customer and vendor open item balances. In SAP configuration, you define the balance sheet adjustment account and which accounts the realized gain/loss should be booked. A batch input session is created to automatically post the required adjustments.

Account ClearingQ35- During GL clearing how can small differences be dealt with?

A- During configuration a tolerance limit is set which defines the maximum differences allowed during clearing. The differences can be automatically booked by the system to a specific account during posting (using IMG transaction OBXZ)

Part V Controlling (CO)Disposing AssetsQ36Account Assignment ModelsQ37CO-PCAQ38Value FieldQ39Characteristic FieldQ40COPA BasisQ41- What is the difference between “costing base” (CB) and “account based” (AB) CO-PA?

A- This is an incredibly popular question for any positions with a COPA component. The interviewer will be looking for some of the following: AB can easily be reconciled with FI at account level through the use is cost

elements. CB can only be reconciled at account group level (such as revenues, sales deductions etc) as values are stored in “value fields” as opposed to accounts.

In CB data is stored by posting periods and weeks. In AB storage is only by periods. In CB transactions can be stored in operating concern currency and

company code currency. In AB transaction are stored in controlling area currency, company code currency and transaction currency.

In CB you can create cross controlling are evaluations or cross controlling area plans. In AB you can not as the chart of accounts may differ.

In CB the cost of good sales (COGS) are updates via material price valuations. Stock change values can be transferred to CB COPA during billing. Timing difference can occur if the goods issue and billing documents are in different posting periods. In AB the value posted in the stock change is posted simultaneously to COPA.

Operating ConcernQ42- Internal OrdersQ43- Settlement ReceiversQ44- Name some settlement receiver for CO Internal Orders

A- Typically CO internal Order settled to :-*Other internal orders*Fixed assets (including assets under constructions)*GL Accounts*Cost Centers

Performance Issues

Q45- What are the performances issue to be in mind when configuring Profitability analysis (COPA)?

A- Sometimes COPA reporting performance eis severely affected by poor initial setup. Anyone involved in a full COPA project lifecycle in a retail or manufacturing environment will have come across such issues hence the reason the interviewer is asking the question. The most important thing.

Internal Order ControlsQ46- Assessment vs DistributionQ47Reconciliation LedgerQ48Freeze DataQ49- Explain how using th “freeze data” option in COPA can speed up reporting performance.

A- Often companies that use COPA have extremely large volumes of data and reports can tak several minutes, even hours, to run Thi option can be selected and the report run overnight. This way re-running the report online during the working data will see huge performance benefits as the system simply has to display stored and not recalculate it “on-the-fly”Questions regarding performance issues in COPA are common. You may be asked how summarization levels can increase reporting speed or alternatively asked to explain how you’ve minimized number of characteristics with the same aim.

Statistical Key FiguresQ50- What are statistical ket figures in CO?

A- SKF’s are statistical (or information values) used in cost allocations such as assessments and distributions. For example, we may have an SKF for ‘head count per department’ When utility costs are allocated across various departments we could perform the percentage allocation based on the ‘head count’ SKF.

Part VI Fixed Assets (FA)Fixed asset reconciliationQ51Acquisition CostsQ52Sub AssetsQ53Asset Under ConstructionQ54Evaluation GroupsQ55Fixed Asset Depreciation Q56Smoothing and CatchupQ57

Part VI Org Structure & Module IntegrationFI Global SettingsQ58Financial StatementQ59New Company CodeQ60

Chart of AccountsQ61What is stored in T001Q62Company CodeQ63SD and ARQ64- MM and APQ65- Batch InputQ66Commitment Line ItemsQ67Special Purpose LedgerQ68Using Special Purpose LedgerQ69- What is the special purpose ledger and what would be some reasons for using it?

A- The SPL is a user defined ledger which can be built to support reporting requirements which can not normally be met through the usual SAP modules. You can pull information from many SAP modules such as FI, CO, MM, SD and build user defined fields whose contents are based on calculations from other SAP standard information. Typical uses include: Reporting using an alternative fiscal year variant other than the one

assigned to the entity. Reporting in a different currency (maybe to meet a new head office

reporting currency) Meeting USGaap and local reporting requirements

BSEG, BKPF,GLTOQ70- Explain the purpose of the following SAP R3 FI tables: BSEG, BKPF,GLTO

A- BKPF is the document header table. It stores all the fields common to all of the document line items such as posting date, currency key , document number, etcBSEG is the associated line itme table to BKPF, specific line itme information such as posting key, GL account document amount are storedGLTO is the summarized account balances table showing account balances by period, by account, by fiscal year.Question regarding tables may seem overly technical but but interviews can quickly ascertain whether a potential candidate has worked ina pure end user role or in a hands on configuration role.

COEP, CSKA, CE1XXXXQ71- Explain the purpose of the following SAP R3 CO tables: COEP, CSKA, CE1XXXX

A- COEP is the CO object line itme table.CSKA is the cost element master table (dependant on chart of accounts)CE1XXXX ( where XXXX is the name of your operating concern) is the profitability analysis line item table.

LSMWQ72- What is the Legacy System Migration Workbech (LSMW) and when would you use it in your SAP FI/CO rollout?

A- LSMW is a technical tool used for migrating master datat and transaction data from your old ‘legacy’ systems to SAP. Though usually setup by your ABAP programming colleagues, the LSMW project are usually run by FI/CO project team members in order to upload vendors, customers, cost centers, internal orders etc. The interviewer is unlikely to ask any technically difficult questions

but most experienced FI/CO team members who have been through a data migration stage will have at least a basic understanding of LSMW.

Credit ChecksQ73- Describe some of the standard credit checks available within SAP. Where does most of the credit management information sit in the IMG?

A- Credit management is one of the key integration areas between the Sales and Distributuin modules (SD) and financial Accounting (FI). Most of the configuration sits in the SD IMG menu under Sales and Distribution Basic Functions Credit Management / Risk Management Credit Management Define Automatic Credit Control

The following are the standard credit checks available: Static ( a simple check against customer credit limits of the total AR open

items, SD billing docs etc) Dynamic (as above but including open sales orders not yet delivered over a

particular time period) Maximum sales order or delivery specified Critical field check (for such fields as payment terms) Next review Date – checks the review date stored on the customer master AR open items – checks existing overdue itmes on the customer account Highest dunning level – specifies a max dunning level allowed

Report PainterQ74- The report painter is a pre-delivered SAP reporting tool for the controlling module. It allows SAP reports to be quickly created, typically actual versus plan analysis for cost elements, internal orders and cost centers.User Exits

Q75- What are user exits and name an example where one could be used in the FI/CO modules

A- User exits are SAP supplied ‘hooks’ within specific program which allow user customizations to meet specific requirements. When the program is run, SAP checks to see is the user has setup any logic within these hooks. For example in the fixed assetmodule lets say the gain/loss from disposal is normally booked to GL account 65410. During posting however you wish to book certain asset retirement transaction types to 65499 for reporting purposes. An enhancement AINT0002 exists to do this. User exits are commonly used also with validation and substitution rules. To implement user exist you need an understanding of the ABAP programming language. However for those who have worked across seeral SAP projects its inevitable that at some point they will have come across user exits at some stage even if its just at a conceptual level.

INTERVIEW QUESTIONS- PART XII

INTERVIEW QUESTIONS - ACCENTURE, SATYAM & BRISTLECONE INDIA

FI TOPIC

1. What is the difference bet’ Company & Company code2. What are the two radio buttons in the COA Segment of a G/L a/c3. What is COA all about and what are the fields in COA and what is its function?4. What are the two important fields in Customer a/c which affects the

accounting entries5. Where do u create House banks and what is the process6. How do u create business transactions in Cash journal (what r the fields) and

examples of Business Transactions7. Where do u open and close posting periods8. What does posting key control9. What is account group all about and where all u use?10. What r the steps in APP?11. What is that u enter in the parameters in payment program run?12. How many dunning levels are there?13. If a customer does not pay u even after dunning, what is the next step?14. What is Recon a/c and where u define?15. Where u customize partial payment and where and how do u post?16. Question on partial and residual payment entries?17. What is noted item and example for that?18. In Vendor master there is a field for House bank, what is it used for and what

is the relation bet the ranking order of banks in APP?

19. Can Profit centers be used as alternative for Business Areas?20. What are the organizational units in FI and CO?21. What is Business area and what is the relationship with Company code?22. What does Fiscal year variant contain?23. What does “Only balances in Local currency” mean and where do u come

across?24. What are the various COA?(Three COA – Operational, Group and Alternative)25. If u activate Open item Mgmt sometime in middle of the year when bal is

Zero, does this be applicable for the past entries also?26. What are the segments in Customer and Vendor?27. If there is delay in customer receipts, which type of interest u charge and how

does system determine the due date and where do u configure it?28. What is Tolerance groups and Tolerance, what is the difference between

them?29. How many varieties of Tolerance groups are there and what are they?30. What u need to set up cash journal?31. Where Dunning procedure is defined? (Company code or client level)

CO TOPIC

1. What u need to do if u want two or more company codes under one controlling area?

2. Can FYV, PPV and COA be different in FI and CO?3. What are the master data in CCA?4. Diff bet’ Assessment and Distribution5. What is Periodic reposting and explain sender and receiver rules?6. What is Internal order, why u need, what’s the use when u have cost centers,

explain through example?7. What is secondary cost element and it’s use of it?8. Define activity type and SKF9. Postings to a Profit center in case of material purchase?10. What is Order type?11. Is settlement mandatory and what does it mean?

ALL THE BEST

Date : 01/03/05Time 120 minutes EXAM QUESTIONS

Chart of Accounts

1. A chart of accounts ( Multi )

a. can be allocated to multiple company codeb. can be defined as the group chart of accountsc. only contains definitions for G/L accountsd. can only allocated to one company code.

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.

3. Which are true regarding operational chart of account. (Single).a. To perform allocations between companies codes in the controlling each company

code must be assigned to its own operational COA.b. A company code can choose to work with multiple operational COA.c. If cross company code controlling is required the same operational COA must be

used.d. Company code with different base currency must work with there own operational

COA.e. The operational COA is optional by co. code.

Organizational Structure

4. A client. ( Single )a. only contain a single chart of accountsb. may contain multiple charts of accountsc. 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. 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.

6. Which of the following statements is true ? ( Single Choice) a. A Company code can belong to more than one controlling area.b. A plant must be allocated to a company codec. A controlling area and a company code must have the same local currency.d. A business area and a company code are assigned to each other in the corporate

structure IMG

7. The productive indicator in the Company Code controls the following.a. Blocks Implementation Guide menu pathb. De-activates the delete documents and delete master data programsc. De-activates the Transport and Correction Request Systemd. Prevents the fiscal year variant from being changed in the Company Codee. Prevents the Chart OF accounts from being changed in the Company Code

8. Identify the correct statement a. Business area is defaulted to a Co code in FI.b. Business area is mapped to a co. code in controlling area.c. Business area is used for internal P&L a/c and Balance sheet.d. Business area if activated in FI will necessitate an assignment in controlling area

master record.e. Business area can be mapped to profit center in company in order to produce more

accurate P&L account.

Account Receivable9. 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.

10. Please click on the button next to the correct answer.

a. The business area can run across many company codes, i.e. all company codes can post in all business areas.

b. A company code may belong to more than One Controlling Area.c. Each company codes uses exactly one chart of accounts and one controlling area for

assignments d. Business areas are used to create internal balance sheets and income statements.

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 adviceb. Payment noticec. Account statementd. 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.e. Information on each screen may be defined in configuration as mandatory,

suppressed or optional, depending upon the company code. 13. Which of the following statements are correct?

a. A FI customer master is divided by client level and company code level.b. In case of one-time customer you have to enter the customers address in the

document itself.c. Address, control data, and reconciliation account are included in the client level of the

customer.d. The most efficient way to create master records is to work with the external number

range not internal number range. 14. Which of the following statements are correct?

a. If a customer is also a vendor, the system can include outstanding Accounts Receivable invoice items in payment program.

b. If a customer is also a vendor, the system can include outstanding Accounts Payable invoice items when you clear incoming payment receipts for the customer.

c. The reconciliation account defined on the customer master record is an account used to reconcile CO transactions back to FI.

d. All customer belonging to the same account group must be assigned to the same reconciliation account.

e. The alternative payer is used to transfer outstanding receivable item to the alternative payers account.

15. Which of following statements are correct? [mul]a. The customer master data comparison the customers in the legacy system with the

customers in the R/3 System.b. The customer master data comparison compares which master records are already

created in financial accounting but not yet created in sales and distribution.c. The customer master data comparison compares which master records are already

created in purchasing but not yet in sales and distribution.d. The customer mater data comparison checks whether the customer master record

contains a telephone number.

Vendor Master16. Which statement is true? (Multi)

In Vendor master record it is possible to activate a check for duplicate invoice at doc entry

If you delete a vendor master record, data is automatically deleted on both chart of account level and co. code level.

Changes to vendor master records can only be displayed using central function.You can block a vendor to prevent financial transaction postings for one co. code or for

all co. codes.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.

18. Which of the following about vendor transaction is correct. (Multi)a. Vendor down payment is shown on balance sheet under normal reconciliation

account for payables.b. Special g/l transaction is one, which is included in spl purpose ledger under coding

block in G/L account.c. A vendor down payment request cannot be included in payment program to produce

down paymentd. A vendor down payment request is a noted item.e. A vendor down payment is cleared after final invoice is received from vendor.

19. Which is correct. a. Customer master is divided by client level & co. code level.b. In case of one time customer – customer address in entry .

20. Which is correct. a. If a customer is also a vendor system includes outstanding account receivables

invoice items in the program.b. If a customer is also a vendor system includes outstanding account receivables

invoice items in the clearing.

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.

Automatic Payment Program

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 automaticallyb. Direct debiting or bank collection can be used in automatic payment procedures to

clear customer invoicesc. Open items posted to G/L accounts can be cleared using the payment programd. Special G/L transactions(down payment)can be posted using the payment programe. The payment program can pay vendor invoices using wire transfers and checks

 23. Imagine the following scenario:

A company wants to execute a payment run on a daily basis and process several company codes at the same time. If the amount exceeds US$ 1000, the vendors are to be paid by bank transfer, amounts less than US$ 1000 are to be paid by check. The customer has two house banks and wants all checks to be processed by bank A and all

a. You store variants for print programs within customizing. Here you can specify that the information is to be output to a data carrier

b. You specify, per house bank, whether payments are to be made by check only or also by transfer

c. You specify the payment method from within the application,in the master recordd. The payment proposal of the automatic payment program can only be displayede. You can precisely schedule the print program from within the application

 24. According th which criteria does the payment program determine and select open items:

a. posting date and baseline dateb. document date and posting datec. baseline date and payment termsd. posting date and cash discount periodse. 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 randomlyb. You can only determine one payment method per house bankc. You can select several payment methods per countryd. You can specify by bank and method the anticipated number of days before the bank

account is debitede. 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 variantb. Payment method specifications in the IMGc. Specifications in the vendor master recordsd. Information in the documents(incoming invoices)e. Specifications made when maintaining the payment run parameters

27. Identify the correct statement(s). (Multi)a. The vendor master record is divided into three different data areas; General data,

Accounting data and Purchasing data.b. When the goods receipt is posted, the system automatically updates the general

Ledger accounts by the value of the goods receipt. It is also possible to include an additional account assignment object such as cost center, order or asset.

c. MM and FI set up and use different account groups for their respective view of the vendor master record.

d. The account group determines the number interval for assigning the account Number to the vendor, whether or not the number in internally or externally Assigned, and what fields are mandatory, suppressed, displayed and optional

e. A purchase requisition is a binding contract with a vendor to supply certain materials or Services based on certain terms and conditions.

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)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 Verificationb. Invoice verification- Account Payable.c. Inventory Audit- Invoice Verification.d. Purchasing – Invoice Verification.e. Goods issue to a production order – G/L account.

Bank

32. Which of the following statements are correct ?a. When creating a House bank, you do not need to specify the country.b. The payments program can use a different House bank for each different payment

methodc. A House bank account can be defined in more than one currencyd. House bank master data must be created in advance, before assigning the House

bank to a payment method in the payment program configuratione. A house bank can be assigned to a business area within the payment program

configuration

33. In a Payment method definition a. Define a maximum and min paymentb. Define house bank linkc. Define allowed currency for company coded. Define allowed currency for country level

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 mastersc. House Bank currency is controlled by Vendor masterd. Vendor Master currency controls AP paymente. 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.

36 . Which of the following order types are internal orders?a. Capital investment orders for creating assets.b. Maintenance orders.c. Sales orders for make-to-order functiond. CO production orders.

 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

That system tool allows you to add graphics, re-arrange fields, add pushbuttons and change input fields into radio buttons?

a. GuiXTb. GuiCapturec. SAPGuid. SAPShowe. Profile Generator

 Which of the following can you add to a Favorites list?

a. Filesb. Transactionsc. Web addressd. Reportse. User menus

40 The date format can be defined by the following:a. Countryb. System.c. User.d. Companye. Plant

Closing

41 Which of the following statements regarding year-end closing are correct?

a. The balance carry forward program can be run at any time during the fiscal year.b. The system creates the balance carried forward for every balance sheet account for

new fiscal year.c. The p&l accounts balance is transferred to a Retained Earnings account. You

determine the retained earning account as part of the selection criteria when executing the Balance Carry Forward program.

d. Posting during the Balance Carry forward program is possible.

Currency42. 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 dateb. Document datec. Baseline dated. Entry date

43. Which type of currency will R/3 always track when posting a document? (Single)a. Local currencyb Group currencyc Transaction currencyd Group & transaction currencye Local & transaction currency.

Posting Period

44. Where are posting periods defined?a. Posting period variant.b. Fiscal year variant.c. Field status variant.d. Closing period variant

Document Control

45 Which of the following statements supports the reversal of a document?a. The original document contains no cleared line items.b. Documents originating in other modules should be corrected there to allow the

changes to flow naturally through to financial accounting.c. If a reversal date is not specified, the system reverses the document using the

posting date of the document to be reversed.d. A new document number is created for the reversal document.

 46 Choose the correct statements regarding recurring documents.

a. When creating a recurring document, the valid time period must be defined.b. The posting date is determined by either the run date or the run schedule.c. Field values can be changed in recurring document.d. After running the recurring document posting, the next run date cannot be

displayed.e. The original recurring document can be deleted from the batch input menu.

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 accountb. The company code

c. The payment terms and payment blockd. The house bank and payment method

48. which of the following statements are correct?[mul]

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.

49. Which of the following statements in correct?[single]a. The field status definition controls the Document type, Posting key and

Account number.b. The documents number assignment can be controlled using the Account

type.c. The tax rates and tax codes for the various countries are predefined by SAP.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 typec. Account groupd. 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 typec. The number range assigned to the Posting keyd. The field status group

52. Closing of period is controlled by. (Single).a. Posting Period variant.b. Fiscal year variant.c. Field status variant.d. Closing period variant.

53. Where are the posting period defined. (Single)a. Posting period variant.b. Fiscal year variant.c. Field status variantd. Closing period variant

54. What is the difference between distribution and assessments?a. Distribution can be made for both planned and actual figures; assessments

cannot.

b. Distributions can be made using statistical key figures; assessments cannot.c. Distributions are used when the original cost information is necessary on the

receiver; assessments are used when this information is not necessary on the receiver.

d. Distributions are made using the original primary cost elements; assessments are made using secondary cost elements.

55. Out of the following select the right answers

a. Cost element category controls FI posting only.b. Cost element is a must for all GL accountsc. All P&L GL accounts should be cost element.d. All cost elements are linked to Activity type.

56. Activity types can be

a. restricted for a single cost center directly b. created for a restricted period onlyc. created with primary cost element assignmentd. All activity types are used in Cost center planning without any restriction.e. Planning of price is done for a activity for all cost centers

57. Select out of the following which statements are correct.

a. Cost center can be defaulted in all FI line items in all GL accountsb. Internal order can be defaulted in all FI line items in all GL accountsc. Cost center can be defaulted in GL accounts provided it is assigned

to company code.d. Cost center is linked to company code as Chart of accounts is linked

to the same company code. e. Time dependant data is possible in Cost center, cost element,

Activity type and SKFs

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

General Ledger Account

59. An account group.[mul]a. Defines the number range for a mater record.

b. Uses a field status group to control the field layout for the maintenance of mater records.

c. Determines one-time accounts for accounts payable and accounts receivable.d. Is defined for every company code.

 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.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 & P&L statement type.c. Short text.d. Sample account numbere. Consolidation trading partner.

63. Which of the following are true:a. Multiple currencies can be assigned in G/L master record to facilitate reporting.b. Key words may be input as search criteria on a G/L master for use with only one

Co. codec. A G/L account will have the changes made to it if any tracked in a separate data

base.d. All G/L Balance Sheet accounts are marked with Account type B.

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.

170 SAP FICO EXAM RELATED QUESTIONS1. A chart of accounts ( Multi Choice)

A. can be allocated to multiple company code

B. can be defined as the group chart of accounts

C. only contains definitions for G/L accounts

D. can only allocated to one company code.

2. A client. (Single Choice)

A. may only contain a single chart of accounts

B. may contain multiple charts of accounts

C. may only use one currency type

D. may only have one controlling area

3. Identify the correct statement(s) relating to how the mainbusiness processes are integrated in the SAP R/3 System. (MultiChoice)

A. A purchase requisition is a documented request to purchasegoods or services. In SAP it can be created manually orautomatically.

B. A goods receipt is the recording of the movement of materialsinto the warehouse. In SAP, a financial document which updates theinventory account and an accrued liability account is created

C. 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 thefinancial module of R/3.

D. In SAP, payment processing reduces the liability to a vendorand a company¡¯s cash balance, records discounts taken and disbursespayment.

E. A customer delivery is the transfer of the ownership ofgoods. A customer delivery includes, creation of a deliverydocument, picking the goods for shipment; physically transferring thegoods to the customer and financially recording the goods issue.

4. Identify the correct statement(s) regarding organizationalelements within the R/3 System. ( Multi Choice)

A. The Sales area combines the sales organization, distributionchannel, and division.

B. The Purchasing Organization is responsible for the purchasingfor the only one plant.

C. A plant is a location in which inventory quantities and valuesare stored or manufactured.

D. A Controlling area can comprise several company codes usingdifferent chart of accounts but must operate in the same currency.

E. A profit center is used to generate income statements andoperating profit statements.

5. Identify the correct statements. ( Multi Choice)

A. All areas of an organization that are to be integrated intothe R/3 Production system should be included under one client.

B. The term ¡°client dependent¡± refers to tables or data thatrelate only to the client which was accessed during the log onprocess.

C. Due to the integrated nature of SAP, there are certain coreorganization element that cut across the modules. Client and companycode are two of these core elements.

D. To determine the number of clients required, the focus isplaced on data access and sharing strategies.

6. Which of the following statements is true ? ( Single Choice)

A. A Company code can belong to more than one controlling area.

B. A plant must be allocated to a company code

C. A controlling area and a company code must have the same localcurrency.

D. A business area and a company code are assigned to each otherin the corporate structure IMG

7. Identify the correct statements relating to theImplementation Guide( Multi Choice)

A. When creating a project in the IMG, the application areas andcountries are selected from the Enterprise IMG

B. The number of implementation activities can be reduced bycreating Project IMG views, such as a view for ¡°mandatory activities¡±

C. The Project IMG must include all customizing activities for allR/3 applications.

D. The SAP Reference IMG is generated for the application modulesto be implemented in a company and for the different countries

E. Customizing transactions can be accessed from the SAPReference IMG, Project IMG and the Project views.

8. What characteristics do roles have in the Workplace? ( MultiChoice)

A. Roles describe business processes in a company

B. Roles contain a collection of activities that a user who isassigned to this role can execute

C. Roles represent a range of executable functions in a companythat users can assign themselves to

D. The authorizations required to execute the assigned functionsare automatically linked to roles

E. Roles contain MiniApps

9. What content elements of the mySAP.com Workplace are provided?(Multy)

A. The Workplace contains role-based navigation options forR/3 transactions, reports, and other links to various systems.

B. The Workplace is a completely personalizable workingenvironment.

C. The Workplace contains role-specific information and role-based access to the Marketplace.

D. The Workplace is used exclusively as a LaunchPad forEmployee Self Service with information for employees.

E. The Workplace contains personal Favorites.

10. What are MiniApps?(Multy)

A. MiniApps are small applications that are started automaticallywhen the Workplace is called.

B. Miniapps are small applications that can be called from theWorkplace.

C. MiniApps are small applications that communicate continuouslywith the implemented SAP products

D. MiniApps are Java Applets that are loaded from the Workplaceto the user client.

E. MiniApps are role-specific applications that can contain moreactivity options.

11. What system tool allows you to add graphics, re-arrange fields,add pushbuttons and change input fields into radio buttons?(Single)

A. GuiXTB. GuiCaptureC. SAPGuiD. SAPShowE. Profile Generator

12. Which of the following can you add to a Favorites list?(Multy)

A. FilesB. TransactionsC. Web addressD. ReportsE. User menus

13. What does SAP call the new asset value display transaction?(Single)

A. Item ExplorerB. Accounts ExplorerC. Accounts Viewer

D. Asset ViewerE. Asset Explorer

14. Which of the following statements about year-end closing arecorrect?(Multy)

A. You carry out year-end closing before the fiscal year change.

B. During year-end closing, the program checks if the year-endclosing can be carried out.

C. Once the year-end closing was successfully completed, the systemautomatically changes certain entries in Customizing (closed fiscalyear)

D. You cannot create and post to new fixed assets until The year-end closing is successfully completed

E. You can only conduct year-end closing on June 30 or December 31of each year.

15. What steps have to be completed before you can generate assetclasses form G/L accounts? (Multy)

A. Account selectionB. Account determinationsC. Number range intervalsD. Screen layout variantsE. Asset classes

16. For each depreciation area you need to specify whether you want to(Multy)

A. post depreciation at periodic intervals to the general ledgerB. post asset values at periodic intervalsC. automatically post values onlineD. use index classesE. post to business areas

17. Please click on the button next to the correct answer.(Multy)

A. The business area can run across many company codes, i.e.all company codes can post in all business areas.

B. A company code may belong to more than One Controlling Area.

C. Each company codes uses exactly one chart of accounts and onechart of depreciation.

D. Business areas are used to create internal balance sheets andincome statements.

18. The time of the first acquisition posting to the asset sets thefollowing fieldsin the master of asset(Multy)

A. the depreciation start date per depreciation areaB. the cost enter to be hit through depreciationC. the date of capitalizationD. the depreciation key

19. Usually one Chart of Depreciation is defined for each country.

At which level is the chart of Depreciation created?(Single)

A. at Company Code levelB. at Client level.C. at Chart of accounts level.D. at Business area level.E. at System level.

20. What are the functions asset class?(Multy)

A. Asset number assignment.B. Cost Center determination.C. Screen layoutD. Account allocationE. Definition of default value.

21. Which of the following statements about asset data transfer froma previous system are correct?(Multy)

A. Transferring asset data ¡®during the fiscal year¡¯ is onlypossible on july 1 of the given year.

B. When you transfer asset data ¡®during the fiscal year¡¯, thesystem automatically determines replacement values and insurable valuesusing batch input.

C. During the asset transfer, you can enter either the APC orthe net book value.

D. During the asset transfer, you can specify the order inwhich the depreciation are apper.

E. When you transfer asset data ¡®during the fiscal year¡¯,youmust enter the last depreciation posting period from your previoussystem in the SAP R/3 System.

22. Intergration with MM: An asset purchase order is created inPurchasing. The goods receipt is posted on a value basis. Invoiceverification then posts the invoice.

What is the name of the auxiliary account used for all of thesetransactions?(Single)

A. MM/FI clearing account.B. GR/IR clearing account.C. Asset purchasing clearing account.D. Asset acquisition clearing account.E. Vendor asset acquisition clearing account

23. What additional functions do asset classes offer?(Multy)

A. Specify required entry fields for asset master dataB. Enter default values for asset master dataC. Enter default values entries for depreciation areaD. Enter allowed entries for user fieldsE. Define allowed company codes

24. Which of the following statements about manual depreciation (forexample unplanned depreciation in FI-AA) area true?(Multy)

A. You cannot post manual depreciation in FI-AA.B. Manual depreciation is posted immediately after entry(realtime).C. Manual depreciation is initially shown as a planned value after

entry and only posted when the depreciation posting report is run.D. Manual depreciation usually only applies to depreciationareas which you choose when you enter the document.E. After entering manual depreciation in FI-AA., you also need toenter it manually in FI/CO.

25 .Which correspondence extracts all items in the chosen period froma customer¡¯s account displays the balance carried forward balance anda closing balance of the account ?(Single)

A. Payment adviceB. Payment noticeC. Account statementD. Dunning notice

26. Which of the Following statements about automatic payment arecorrect ? (Multy)

A. In automatic payment procedures, all incoming invoices as of thesecond dunning level are paid automatically

B. Direct debiting or bank collection can be used in automaticpayment procedures to clear customer invoices

C. Open items posted to G/L accounts can be cleared using thepayment program

D. Special G/L transactions(down payment)can be posted using thepayment program

E. The payment program can pay vendor invoices using wire transfersand checks

27. Imagine the following scenario:A company wants to execute apayment run on a daily basis and process several company codes at thesame time. If the amount exceeds US$ 1000, the vendors are to be paidby bank transfer, amounts less than US$ 1000 are to be paid by check.The customer has two house banks and wants all checks to be processedby bank A and all¡¦ (Multy)

A You store variants for print programs within customizing. Here youcan specify that the information is to be output to a data carrier

B. You specify, per house bank, whether payments are to be madeby check only or also by transfer

C. You specify the payment method from within the application,inthe master record

D. The payment proposal of the automatic payment program canonly be displayed

E. You can precisely schedule the print program from within theapplication

28. According th which criteria does the payment program determineand select open items (Single)

A. posting date and baseline dateB. document date and posting dateC. baseline date and payment termsD. posting date and cash discount periodsE. posting date and payment terms

29. Which of the following statements are true with regard to thecustomizing setting for banks in the automatic payment run ? (Multy)

A. The sequence of the banks for processing outgoing payments isselected randomly

B. You can only determine one payment method per house bank

C. You can select several payment methods per country

D. You can specify by bank and method the anticipated number of daysbefore the bank account is debited

E. You can determine the banks to be used for payments according topostal code

30. Which of the following factors does the systems take into accountin a payment run ?(Multy)

A. Fiscal year variantB. Payment method specifications in the IMGC. Specifications in the vendor master recordsD. Information in the documents(incoming invoices)E. Specifications made when maintaining the payment run parameters

31. Which of the following statements are correct ?(Multy)

A. When creating a House bank, you do not need to specify thecountry.

B. The payments program can use a different House bank for eachdifferent payment method

C. A House bank account can be defined in more than one currency

D. House bank master data must be created in advance, beforeassigning the House bank to a payment method in the payment programconfiguration

E. A house bank can be assigned to a business area within thepayment program configuration

32. When entering a document using a foreign currency, which date isused to determine the exchange rate if the translation date is notentered ?(Single)

A. Posting dateB. Document dateC. Entry dateD. Baseline date

33. where are posting periods defined?(Multy)

A. Posting period variant.B. Fiscal year variant.C. Field status variant.D. Closing period variant.

34. which of the following statements supports the reversal of adocument?(Multy)

A. The original document contains no cleared line items.

B. Documents originating in other modules should be corrected thereto allow the changes to flow naturally through to financialaccounting.

C. If a reversal date is not specified, the system reverses thedocument using the posting date of the document to be reversed.

D. A new document number is created for the reversal document.

35. Choose the correct statements regarding recurring documents.(Multy)

A. When creating a recurring document, the valid time period must bedefined.

B. The posting date is determined by either the run date or the runschedule.

C. Field values can be changed in recurring document.

D. After running the recurring document posting, the next run datecannot be displayed.

E. The original recurring document can be deleted from the batchinput menu.

36. In manual bank statement customizing, you must (Multy)

A. Define an internal activityB. Define a posting ruleC. Define a posting typeD. Define a currencyE. Define an account symbol

37. Which of the following statements about manual planning arecorrect?(Multy)

A. The planning type determines which bank accounts the plan amount

to be inputted to.

B. The expiration date shows how long the payment advice is includedin planning.

C. The payment advices for editing can be changed, archived, orreactivated.

D. Archived payment advices are included in planning till the valuedate.

E. The retention periods are determined by the bank account name.

38. Bank accounts should be controlled as follows when CashManagement is in use Multy)

A. Open items are managed for both the main bank account and thebank clearing account.

B. Both the main bank account and the bank clearing accountpermit line item displays.

C. The main bank account and the bank clearing account use thesame sort key.

D. The value date in the field status string for both the mainbank account and the bank clearing account must accept entry.

E. The cash-relevance flag in the master records for both themain bank account and the bank clearing account must be set.

39. Which of the following statements about creating customer masterrecords are correct? (Multy)

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 asmandatory, suppressed or optional, depending upon the account group.

E. Information on each screen may be defined in configuration asmandatory, suppressed or optional, depending upon the company code.

40. Which of the following statements are correct? (Multy)

A. A customer master is divided by client level and company codelevel.

B. In case of one-time customer you have to enter the customer¡¯saddress in the document itself.

C. Address, control data, and reconciliation account are included in

the client level of the customer.

D. The most efficient way to create master records is to work withthe external number range not internal number range.

41. Which of the following statements are correct? (Multy)

A. If a customer is also a vendor, the system can includeoutstanding Accounts Receivable invoice items in payment program.

B. If a customer is also a vendor, the system can includeoutstanding Accounts Payable invoice items when you clear incomingpayment receipts for the customer.

C. The reconciliation account defined on the customer masterrecord is an account used to reconcile CO transactions back to FI.

D. All customer belonging to the same account group must beassigned to the same reconciliation account.

E. The alternative payer is used to transfer outstandingreceivable item to the alternative payer¡¯s account.

42. Bulk change of line item - this function allows you to change awhole group of line items simultaneously, instead of having to changeindividual items in the documents. What data can you change usingthis function?(Multy)

A. The reconciliation accountB. The company codeC. The payment terms and payment blockD. The house bank and payment method

43. Which of the following order types are internal orders?(Multy)

A. Result analysis orders for posting accrual costs in CO.B. Capital investment orders for creating assets.C. Maintenance orders.D. Sales orders for make-to-order functionE. CO production orders.

44.Which of the following statements are correct regarding InternalOrders?(Single)

A. Planning transactions are allowed under any status.B. Once an order has been released, only closing entries can bemade.C. Transactions can be allowed or disallowed depending in theorder status.D. Additional order status categories can be created in theorder master.

45.Which of the following statements is true about CO productionorders?(Multy)

A. It is an internal order used to control production from a

cost accounting point of view.

B. Bills of materials and routings are required.

C. It is not possible to post goods movements to and from theorder.

D. You can post primary costs from Financial Accounting to theorder.

E. You can post secondary costs from overhead calculation tothe order.

46.Which statements are true regarding direct and indirect activityallocations? (Multy)

A. If both the amount of the activity used by the receiver andthe total output activity quantity of the sender can be measured,then indirect activity allocation is used.

B. If the amount of activity consumed by the receiver is notmeasured, then indirect activity allocation is used.

C. Manual activity input planning cannot be performed if actualactivities are allocated indirectly.

D. If direct activity allocation is used, the total outputactivity quantity is determined by summing all of the activityquantities allocated.

47. The primary cost element is one type of master data inControlling. 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 cancreate primary cost elements?(Multy)

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.

48. What is the difference between distribution and assessments?(Multy)

A. Distribution can be made for both planned and actual figures;assessments cannot.

B. Distributions can be made using statistical key figures;assessments cannot.

C. Distributions are used when the original cost information isnecessary on the receiver; assessments are used when this informationis not necessary on the receiver.

D. Distributions are made using the original primary costelements; assessments are made using secondary cost elements.

49[Organizational Structures] – Which structure provides an environment for analyzing market profitability, even allowing for customer defined segments?

A Controlling AreaB Business AreaC Operating ConcernD Company Code

50[Organizational Structures] – A business Area is:

A The legal unit of consolidation to which company codes is assigned.B The organization entity for which balance sheets as well as profit & loss statements can be executed across company codes covering a company’s main areas of operation.C The smallest organization unit for which a complete self-contained set of books can be executed.D Identifies an independent organizational structure within a company, which includes all functions, required for internal cost and revenue accounting.

51[Organizational Structures] – Which chart of accounts is always required ?

A Group chart of accounts.B Country chart of accounts.C Operating chart of accounts.D Alternate chart of accounts.

52[FI-Master Data] – Define GL Account Group. One or more is correct.

A The GL account group is a classifying feature for general ledger master records.B The account group only determines in which number interval the GL account number must reside.C The account group determines the fields for data entry screens if you create or change a master record in a company code.D The account group also determines in which number interval the GL account number must reside.

53[FI-Master Data] – Field Status group control:

A The number ranger.B The account type.C The fields for data entry screens.D The GL account group.

54

[FI-Master Data] – How many levels the GL account master record have and what are they?

A 3 Levels – client, chart of accountB 2 Levels – company code and client level.C 2 Levels – company code and chart of account level.D 1 Levels – GL master record

55[FI-Master Data] – The reconciliation account : One or more is correct.

A Ensures real-time integration of sub ledger account with the general ledger.B Itself is not designed for direct posting.C Is defined on the client portion of the company code.D Can be defined for customer, vendor and asset account types.

56[FI-Master Data] – Customer specific information such as name and address is stored at what level?

A Company code.B Customer master record.C Client.D Account group.

57[FI-Master Data] – Vendor specific information such as reconciliation acct. and item sorting is stored at what level ?

A Company code.B Customer master record.C Client.D Account group.

58[FI-Master Data] – What determines whether the vendor account is one-time ?

A The posting keys.B Document type.C Field Status.D Account group.

59[TR-Master Data] – Bank accounts that contain a company’s own funds:

A Customer bank account.B Vendor bank account.C House bank.D Bank key.

60[TR-Master Data] – Bank master data records can also be manually : One or more is correct.

A When defining house bank.B At one-time(account) document entry.C In the account ID.

D On the general data section of customer & vendor masters.

61[FI-Postings] – What are examples of currency types? One or more is correct.

A User currency.B Global currency.C Hard currency.D Index currency.

62[FI-Postings] – The accounting document : One or more is correct.

A The header section contains data relevant for the management of whole document, such as document number, posting date, company code, currency and document text.B Each line item would contain an account, an amount and other relevant posting information.C An accounting document must contain at leas 1 line item.D The debits and credits are not required to balance to zero before posting is permitted.

63[FI-Postings] – What identifies which of the account types will be permitted on particular document?

A Posting key.B Document number ranger.C The audit trail.D Document type.

64[FI-Postings] – Define posting keys ? One or more is correct.

A The posting key also specifies the specific account type for a line item.B Determines whether the vendor account is one-time.C Identifies which of the account types will be permitted on a particular document.D Helps control the field status of a line item.

65[FI-Postings] – A document can only be reversed if: One or more is correct.

A The original document contains only customer, vendor and G/L line items.B The original document contains no cleared line items, if the document does contain cleared items, then these items must be reset before reversal can take place.C All specified values (such as, cost center) are not still valid.D The original document was posted in FI system or originating in other modules.

66[FI-Postings] – What defines the date on which terms of payment are to begin ?

A Document type.B Posting date.C Baseline date.D Entry date.

67[FI-Postings] – Allocation Field: One or more is correct

A Line items can be sorted in the account group directory by the content of the Allocation field.B Can get more information on entry by displaying the document.C Is an additional reference field for line items.D Is either filled automatically (sort key in the máster Record) or manually (entry in a line item).

68[FI-Postings] – The currency that was input on the header of document:

A Company code currency.B Transaction currency.C Additional currency.D Local currency.

69What gives an overview of planned processes carried out periodically in the system ?

A Dunning runs.B Payment runs.C Financial calendar.D Interest calculation.

70Which of the following are controlled by the posting period variant ? One or more is correct.

A The ranger of periods that is currently open for processing.B Only one period ranger can be open at the same time.C The ranger of accounts within a specific account type that is currently open for processing.D The specific user authorization necessary to book entries within a specific period.

71A document is identified by the combination of : One or more is correct.

A Document numberB Company codeC Fiscal year

72How variants that are required in each company code ? One or more is correct

A Fiscal year variantB Field status variantC Posting period variantD Depreciation variant

73Which payment terms are defaulted when posting an invoice depends on where the invoice is created: One or more is correct.

A If the invoice is created in FI the payment terms from the company code segment are defaulted.B When posting the SD-invoice payment terms are not copied to the FI-invoice.

C If a vendor invoice is created in MM payment terms from the purchasing segment are not defaulted.D When posting the MM-invoice payment terms are copied to the FI-invoice.

74The FI system assists with the management of taxes calculated by: One or more is correct.

A Checking the tax amount entered or automatically calculating the tax.B Posting the tax amount to G/L accounts.C Performing tax adjustments for cash discounts or other forms of deductions.D When you clear the document with a tax amount.

75The tax code is used for what? One or more is correct.

A Verify the amount of tax.B Calculate the amount of tax.C Verify the account type.D Determine the G/L account.

76All reconciliation accounts and all G/L accounts with open item transactions in foreign currency must be assigned to the G/L account for realized losses and gains. Which of the following options exist for this assignment: One or more is correct.

A A single G/L account can be used for all currencies and currency types.B A single G/L account can not be used per currencies and currency types.C A single G/L account can be used per currency.D A single G/L account can not be used per currency type

77Cross-Company code transaction number: One or more is correct.

A If the cross-company code transaction number is not entered manually the system generates the number.B The documents of a cross-company code transaction are not linked by a common cross-company code transaction number.C Cross-company code transaction may be reversed.D The cross-company code transaction number is stored in the document header of all documents created by the system.

78What are transactions in accounts receivable and accounts payable that are displayed separately in the general ledger and sub-ledger ? This may be necessary for reporting or internal reasons.

A G/L fast entry.B Financial reporting.C Special G/L transactions.D Additional assignments.

79You tell the payment program which accounts and items to consider in the automatic payment run. What is it ?

A Proposal run

B ParametersC Edit proposalD Schedule payments

80Items which have to be paid are bundled together to create payments as long as they have: One or more is correct.A The different payee/payer.B The same currency.C The same paying and sending company code.D The different bank connection in the item.

81The payment method can be entered directly into an item. If this is the case, the system checks if: One or more is correct.

A This payment method is permitted by the parameters entered.B This payment method can be used(payment method check).C A bank account for the payment can be found.

82Choice the true alternative:

A Every company code needs its own payment forms.B The sequence in which the payment methods are entered in the master data reflects their priority.C When editing the payment proposal, items can be reallocated to existing or new payments.D To reallocate certain items the automatic payment method and bank selection can be \

repeated at any time.

83The user can clear open items of A/R, A/P and G/L accounts with the automatic clearing program. The program groups items together from an account which have the same: One or more is correct.

A Reconciliation account number.B Document number.C Currency.D Special G/L indicator.

84What is the difference between a partial payment and a residual payment ?

A The partial payment clears the invoice and incoming payment and creates a new line item for the incoming payment. The residual payment leaves the invoice as an open line item and posts a new line item for the residual payment amount.B The partial payment leaves the invoice as an open line item and posts a new line item for the residual payment amount. The residual payment clears the invoice and incoming payment and creates a new line item for the incoming payment.C The partial payment leaves the invoice as an open line item and creates a new line item for the incoming payment. The residual payment clears the invoice and incoming payment and post a new line item for the residual payment amount.

85Payment differences that fall outside defined limits : One or more is correct.

A When posting a residual item, you require a payment term. You can transfer the payment term from the original invoice or default a separate payment item.B Grant only cash discount for the portion paid. The remaining discount can only be granted once the outstanding receivable has been paid off in full, within the due date.C Limit the possible dunning levels.

86Choice the False alternative:

A It is possible to dun vendors as well as customers.B The dunning run update dunning data in dunned items and accounts.C One dunning form can be use for all dunning levels and dunning area.D After the dunning proposal is created, changes to the dunning data in items or master data records will not be valid for the current dunning run.

87Which accounts shall be considered in the dunning run ?

A Dunning AccountsB Account Selection.C Dunning line items.D Reconciliation account.

88What is the highest organizational unit which usually perform dunning ?

A ClientB Business AreaC Company CodeD Chart of account

89Define the concept “account assignment variant” in check deposit? One or more is correct.

A The account assignment variants determines which fields are displayed during entry.B You can define the variants as you want in customizing.C You can not change variants during entry.D For some fields(document number, invoice amount), you can enter as many values as required.

90The local currency it is defined at the time the: One or more is correct.

A Company code is created.B Document is posting.C Document header.D Chart of account is created.

91Logistics integration, define procurement process :One or more is correct.

A A plant must be assigned to exactly one company code.B Material valuation always takes place on the level of the plant. [** See note at next page.]

C Material master records consist of a lot of views on different organizational.D A material can be assigned to several divisions.

92[FI-AM] The chart of depreciation is defined at what level ?

A Company code.B Asset class.C Client.D Plant.

93[FI-AM] The country-specific chart of depreciation, delivered by SAP, contains a catalog of depreciation areas that cannot be changed.

A True.B False.

94[FI-AM] Different company codes can be linked to one chart of depreciation.

A TrueB False

95[FI-AM] Several asset class can use the same account determination if: One or more is correct.

A They use the same chart of account.B Post to different G/L accounts.C Post to same G/L accounts.D The different company code.

96[FI-AM] The status of each field in asset master record can be maintained at what levels ? One or more is correct.

A Asset class.B Asset main number.C Asset under construction.D Asset sub-number.

97[FI-AM] Mark the correct statements : One or more is correct.A An asset use only one reconciliation account.B An asset must use more than one reconciliation account.C An asset uses balance reconciliation account.D An asset uses profit/loss reconciliation.

98[FI-AM] Where do you define the reconciliation account that will be used by an asset?

A Account determination in asset class.B Account number in fixed asset.C Account determination in depreciation area.D Account number in depreciation area.

99[FI-SL] We do know that are differences between Cost-of-sales-accounting and period accounting. What is the correct answer ?

A Period accounting has the emphasis into matching the revenues for goods/or services provided against the related expanses for those items.B Cost of sales accounting has the emphasis on summarizing the activity and situational change over a period of time, for a given organizational unit.C Period accounting is divided into Costing based and into Account based.D Companies must choose to use one of these methods (Cost of sales or Period accounting) for generating their legal financial statements.

100[FI-SL] What is it validation ? One or more is correct

A Allows you to define your own conditions for substituting specific fields.B Allows you to define your own individual checks for specific fields when a business transaction is being processed.

C Allows you to define your own account document.D Allows you to define your own account number.

101[FI-SL] Transferring Data to Special Purpose Ledger is : On or more is correct.

A Most data that enters the FI-SL System come from transactions occurring in many different places.B A business transaction can enter the FI-SL System via another SAP application.C All data that enters the FI-SL System is processed by the integration manager.D The account assignment block, also called the coding block is a standard component delivered with the SAP System. The user does not usually come into direct contact with the coding block.

102[FI-SL] Report Painter allows you to use characteristics in the : One or more is correct.

A Line itemsB RowsC Base line dateD Columns

103[FI-GL] In accounting data which are the records that remain in the system for an extended period of time ?

A Transaction dataB Master dataC Document numberD Invoices data

104[FI-GL] Data relevant to mm functionality is stored in which segment of the vendor master record ?

A Client

B Company codeC PurchasingD Account group

105[FI-TR] The house banks are identified by :

A Bank nameB Bank-IDC Account numberD Address

106[FI-GL] The payment terms are used to define : One or more is correct.

A Baseline date for due date calculation.B Cash discount periodsC The house bankD Cash discount percentage rates

107[FI-GL] What are the ways to clear open items within an account in R/3 ? One or more is correct.

A Down payment transactionB Account clearingC Posting with clearingD Reversing documents.

108[FI-TR] Bank statements you enter can be displayed, changed, or deleted before posting.

A True.B False

109[General Knowledge] Which statements are true ? A chart of accounts : One or more is correct

A Can be allocated to multiple company codes.B Can be defined as the group chart of accounts.C Only contains definitions for G/L accounts.D Can only be allocated to one company code.

110[CO-OM-CCA] About the statistical key figures it is correct to say that : One or more is correct.

A Immeasurable value applicable to cost centers, profit centers, internal orders or processes.B Measurable value applicable to cost centers, profit centers, internal orders or processes.C You can post both plan and actual values.D You can not use statistical key figures as a tracing factor.

111

[CO-OM-CEL] Expenses in financial accounting that are relevant to cost accounting are recorded in Controlling using :

A Primary cost elementsB Primary expenses elementsC Secondary cost elementsD Secondary expenses elements

112[CO-OM-PCA] About the profit center accounting, we can say that : One or more is correct.

A It allows you to calculate external measurements of profitability.B It allows you to calculate internal measurements of profitability.C The external view of profitability reflects the success of a given profit center at meeting the profitability goal for which it was given responsibilities.D The internal view of profitability reflects the success of a given profit center at meeting the profitability goal for which it was given responsibilities.

113[CO-OM-OPA] About the overhead costing sheet, the “dependency” has the following functions, except by one; What is this one ?

A It allows to differentiate overhead rates or amounts by plant.B It allows to differentiate overhead rates or amounts by company code.C It allows to differentiate overhead rates or amounts by profit center.D It allows to differentiate overhead rates or amounts by material origin.

114[CO-OM-CCA] About the cost center, we can say that: One or more is correct.

A Cost centers can be set up based on functional requirements, allocation criteria, activities or services provided.B For the purposes of overhead cost controlling, cost centers are grouped together in decision, control, and responsibilities units.C The standard hierarchy must be created and assigned to the company code. [** Note]D Cost centers can be assigned to the highest level node of the standard hierarchy

115[CO-OM-CCA] About the activity types, we can say that :

A It classifies the specific activities provided by a cost center along cost allocation lines.B It does not serve as tracing factor for this cost allocation.C The system calculates the associated cost based on the activity price and generates a credit to the receiver and a debit to the sender for both the quantity and the costs.D The internal activity allocation is carried out via primary cost elements, which are stored in the master data of the activity type master record.

116[CO-OM-CCA] Postings of costs an revenues to CO can result in real and statistical postings. Which of the following answers is(are) correct ?

A Real postings cannot be managed.B Statistical postings can be allocated or settled to other controlling objects.C One, and only one, real posting is required in CO.D Real postings are for informational purposes only.

117[CO-OM-CCA] About the actual activity type that can be entered on the sender, it is correct to say that: One or more is correct.

A It is possible to determine the total activity provided by the receiving cost center.B You generate the posting to the receivers by executing the indirect activity allocation.C You use an indirect activity allocation to distribute these posted activity quantities from the receivers to the senders as defined in their segments.D For activities that can be measured and posted on a sender object, you can create a manual entry, indirect allocation activity type. [**See note]

118[CO-OM-CCA] Data from internal and external accounting should be reconcilable. Which is (are) correct?

A External postings to FI with a cost accounting effect are transferred automatically to the appropriate Co application component.B The CO totals in the reconciliation ledger are not updated for the external postings.C If amounts are allocated within CO across company codes, functional areas or business areas, the information do not need to pass back to FI, the R/3 system sends this data automatically to the FI component.D It is not possible to use the reconciliation ledger to generate a posting that brings FI into agreement with the CO postings.

119[CO-OM-CCA] Assessment is designed for what?

A It classifies the specific activities provided y a cost center along cost allocation lines.B Allocation of primary and secondary costs from a sender to receiver controlling objects.C Allocation of amounts within CO across company codes.D Activating plan integration with Orders and projects.

120[CO-OM-CCA] For each fiscal year, you can make basic settings in the version affecting all of planning. These settings include : One or more is correct.

A Locking the version against any plan activity.B Saving exchange rate types for currency translationC Activating plan integration with orders and projects

121[CO-OM-OPA] When creating an Overhead Cost Order, the rist order information which must be entered is:

A Order statusB Order typeC Settlement typeD CurrencyE Classification code

122[CO-OM-OPA] When creating an overhead cost order, the settlement rule must be entered in the control data. Which settlement receivers are available for internal orders ?

A Cost centerB Orders

C General ledger accountsD AssetE Vendor

123[CO-OM-OPA] Which of the following statements regarding order numbers are correct ?

A The order master record is uniquely identified by the order number within a client.B For internal orders, only internally assigned numbers are allowed.C The order is assigned to a particular number range group through the order type.D A separate number interval is required for each order type.

124[CO-OM-CCA] Certain postings to a cost center can be blocked using a cost center indicator. Which of the following blocking indicators can be selected ?

A Primary costs actual/planB Material withdrawalsC Secondary costs actual/planD Revenues actual / planE Commitments

125[CO-OM-CCA] When a cost center is created, certain basic data must be entered. Which of the following are needed when creating a cost center.

A Cost center categoryB Assignment to company codeC Validity periodD Assignment to cost elementE Selection of activity unit

126[CO-OM-CCA] Accounting can be divided into internal and external accounting. Which of the following areas are part of internal accounting ?

A Overhead Cost ControllingB Financial AccountingC Asset ManagementD Product Cost Controlling

127[CO-OM-PCA] Assignment to profit centers – which statements are correct ?

A Direct assignment of costs to a profit center is not possible because the profit center is posted as a “shadow object”.B Revenues can be assigned directly to profit centers through Financial Accounting.C When material are withdraw from stock on cost centers, the profit center for the consumption posting is derived from the material master record.D With outgoing invoices, the profit center of the customer is posted,

128[FI-GL-POSTINGS] Choose the correct statements regarding the document, posting, and entry dates of accounting documents. Note! More than one answer is correct.

A The posting period is determined by the document date.B The document date must be the same as the invoice date.C The posting date must be the same as the entry date.D The posting period is determined by the posting date.E The entry date is the same as the operating systems’ date.

129[FI-GL-MASTER DATA] Which 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 mandatory, suppressed or optional, depending upon the company code.

130[CO-OM-CCA] Which the following statements are true ? Note! More than one answer is correct.

A Each Cost center must be part of the standard hierarchy.B You can define multiple hierarchies.C Multiple cost center areas can be grouped together in parent nodes.D The cost center hierarchy can contain cost centers and activity types.E A node represents a summarization of multiple costs centers.

131[FI-GL-MASTER DATA] Which the following SAP items can be inputted during the creation of a vendor master record ? Note! More than one answer is correct.

A The account group.B The field status definition.C The document type.D A reference vendor.E The number range interval of the document type.

132[FI-GL-Organizational Structure] Which structure provides an environment for analyzing market profitability, even allowed for customer defined segments ?

A Controlling area.B Business area.C Operating concern.D Company code.133[ FI-GL-Organizational Structure] A Business Area is:

A The legal unit of consolidation to which company codes are assigned.B The organization entity for which balance sheets as well as profit & loss statement can be executed across company codes covering a company’s main areas of operation.C The smallest organization unit for which a complete self-contained set of books can be executed.D Identifies an independent organizational structure within a company, which includes all functions for internal cost and revenue accounting.

134[ FI-GL-Organizational Structure] Which chart of accounts is always required ?

A Group chart of accounts.B Country chart of accounts.C Operating chart of accounts.D Alternative chart of accounts.

135[FI-GL-MASTER DATA] Define GL Account Group. Note! More than one answer is correct.

A The GL accounts group is a classifying for general ledger master records.B The account group only determines in which number interval the GL account number must reside.C The account group determines the fields for data entry screens if you create or change a master record in a company code.D The account group also determines in which number interval the GL account number must reside.

136[FI-GL-MASTER DATA] Field Status group control:

A The number range.B The account type.C The fields for data entry screens.D The GL account group.

137[FI-GL-MASTER DATA] How many levels the GL account Record has and what are they?

A 3 levels – client, chart of account and specific level.B 2 levels – company code and client level.C 2 levels – company code and chart of account level.D 1 level – GL master record.

138[FI-GL-MASTER DATA] The reconciliation Account : Note! More than one answer is correct.

A Ensures real-time integration of subledger account with the general ledger.B Itself is not designed for direct posting.C Is defined on the client portion of the company code.D Can be defined for customer, vendor and asset account types.

139What type of data refers to documenting action-oriented business events.

A Master data.B Transaction data.C Production data.D Accounting data.

140Master data includes which of the following.

A Employee Information.B Sales Information.C Backorder information.D Product information.

141Which module of R/3 includes na organization’s bank data ?

A Controlling.B Financial accountingC Investment management.D Treasury.

142Which of the following is a benefit of the open system architecture feature of the SAP R/3 ?

A The plattaform can be translated across different hardware design.B The system can be configured and customized according to an organization’s

Specifications.C The system modules can be installed all in once, singly or in any combination.D the applications in the system are expandable.

143The SAP R/3 system automates business processes using which of the following types of information?

A Accounting and production dataB Accounting, production and sales dataC Production, receiving and stock statusD Configuration, master and transaction data.

144Mark the correct statements:

A The modularity of the SAP R/3 gives an organization added flexibility and improves the

efficiency of its supply chain managementB The SAP R/3 system does not usually provide real-time processing and

instead utilizes batch processing for handling most business processing related

transactions.C You can prevent some of the problems in your system by installing the

patch software available in the OSS.

D A client represents the highest level group of data within the R/3 system.E The SAP R/3 system was initially envisioned to be a mainframe productF The SAP R/3 system supports client-server architecture.H The human resource module is not responsible for training the

employeesG SAP AG heavily relies on their partnership with consulting organizations

for implementation support.

I The workflows in your organization can be configured using the reference model

J The project team defines the clients that are used by end-users as part of their SAP R/3

system implementation process.

145Which layer of the R/3 contains the SAPGUI software component for the graphical user

interface ?

A The application layerB The network layerC The presentation layerD The database layer

146The validation of data entered by an SAP R/3 users is done :

A In the presentation layerB In the application layerC In the database layerD By the SAPGUI layer

147The presentation software sends the data entered by the user to the ?

A Presentation layerB Application layerC Database layerD SAPGUI program

148Mark the correct statements

A In a distributed presentation, the presentation layer and the application layer resides on

the client.B The SAP R/3 Basis software is only responsible for providing the

operating system services to the SAP R/3 applications.

C The background program cannot read from the database.D The SAP R/3 software provides the system administration tools for the

entire system.E There can be only one application layer in a tree-tier SAP R/3

configurationF The dialog program can directly update the database.

149The SAP Basis software is

A A firmwareB A groupwareC A hardwareD A middleware

150

Which layer of the SAP R/3 basis software processes requests for data storage and retrieval

to the underlying database management system?

A The presentation layerB The network layerC The database layerD The application layer

151Which of the following is not a require parameter to log on the system ?

A ClientB User-IdC Language codeD Password

152Mark the correct statements.

A You must enter both old and new password in the new password dialog box

B If you turn off the power supply of your workstation, you will automatically be logged

off from the system.C You can use function keys to execute common tasks that are also

accessible through the standard toolbar.

D The menu options are identical regardless of the transaction being performed.

153Mark the correct statements.

A A field can be activated using the SHIFT key.B A field can be activated using the TAB key.C A field can be activated by clicking the field with the mouse.D The input field is the dialog window that lets you interact with the SAP

R/3 system.E The screen is the dialog window that lets you interact with the SAP R/3

system.

154How you determine whether there is a sub-menu available for a particular menu option ?

A A button titled SUB-MENU appears in the menu barB An arrow appears to the right of a menu itemC A blinking menu item appearsD A bolded menu item appears

155Mark the correct statements

A The Dynamic Menu is a tool to find transaction codes

B A transaction code is present on the right hand side of the menu option in the Dynamic

Menu.C Not every transaction has a transaction code associated to it

D You can enter the transaction code in the main menu window command field to start the

transactionE User defaults do not go into effect until the next time you log on to the

SAP R/3 system.

156Mark the correct statements

A You can use the set data and hold data functions to avoid entering data that repeats the

same value.B You can use the set data and hold data functions to avoid repeated data

entry for fields requiring identical data.

C You cannot change the field value in a transaction screen if the value was set through the

user parameter screen.D You can access the R/3 library from any screen in the system.F The online glossary allows you to find specific words of terms to be

explained by using the SEARCH button.

157Which of the following options allows you to access Help for field entries.

A Double clicking on the green check button.B Placing the cursor in the field you want information about and clicking the

“?” button.C Clicking the red “X” button after you typed “FIND” in the field select in the

Help > Glossary menu path.

158You can change your password

A Before entering your log in parametersB After entering your log in parametersC By pressing CTRL P on your keyboard prior to entering your password.

159If you receive a message on the status bar and you do not understand the message, or if

you need further explanations, you should:

A Access the Getting Started functionB Access the Master Data functionC Access the Online HelpD Access the R/3 Library

160Which of the following represents the area of responsibility for sending payment requests

for past due open items ?

A The credit control areaB The business areaC The dunning areaD The company code

161Which of the following is required for internal management reporting only ?

A The credit control areaB The business areaC The dunning areaD The company code

162Which of the following represents an independent legal business entity required to issue

financial statements ?

A The credit control areaB The business areaC The dunning areaD The company code

163Mark the correct statements:

A A controlling area can be assigned to only one company code.B Several company codes can be defined within each client in the same SAP R/3

systems installation. You can compare the financial performance of the company codes

across the clients as all data is maintained in the same system.

C Several company codes can be defined within each client in the same SAP R/3 systems

installation. You can compare the financial performance of the company codes within a

client and not across the clients.D ABC, Inc. USA and ABC Inc. Europe are two subsidiary companies of XYZ Co.

ABC USA and ABC Europe must be configured as two clients when implementing the

SAP R/3 system at XTZ Co.

164Mark the correct statements:

A The Client is an optional unit in the Purchasing Organization structure.B A central Purchasing Organization can serve plants in different

companiesC Plants ABC1 and ABC2 require an specific raw material for their manufacturing

process. ABC1 requires it in 200 Kg drums and ABC2 requires it 100 drums. You can assign a single Purchasing Group 02 to material for both plants.

D A Plant can be assigned to more than one company code.E More than one Plants can be assigned to one company code.

165

Mark the correct statements:

A In the SAP R/3 system a Sales area can be assigned to multiple company codes.B In the SAP R/3 system a Sales area is made up of a combination of Sales

Organization, Distribution Channel and Division. A sales Organization can be assigned to only one company code; therefore, a Sales area belongs to one company code only.

C A company code cannot be linked to more than one personnel area. D Since the SAP R/3 system is delivered with pre-defined employee groups, you cannot create new Employee Groups in the system.

166The functions of the Purchasing Organization include:

A Procurement of Material and Services.B Reaching and agreement on terms and conditions with customersC Reaching and agreement on terms and conditions of purchase with vendors.D A and C

167Which of the following is not part of the production organization.

A The clientB The controlling areaC The company codeD The plant

168Which of the following statements is incorrect

A Storage locations are not assigned to plantsB Storage locations may be defined as individual storage binsC Storage locations can be warehouses in which finished goods are storedD Storage locations can be areas in which raw materials are stored along a

production line.

169In dunning program for clearing between customer and vendor, the following is true….(single)

1. Same dunning procedure must be defined for both customer and vendor.2. Different dunning procedure must be defined for both3. If no procedure is defined both will use default procedure

170Solution Manager is the answer for followings , select the right ones

1. How to ensure successful implementation (functional and technical) as well as operation of core business process

2. How to secure the technical installation and operation3. How to facilitate customer’s IT dept. and other business units4. How SAP can ensure continuous improvement of customers business solution5. How can SAP ensure the best in class support