Sap Fi Paper 14
Transcript of Sap Fi Paper 14
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1. Benefits of integration area. processes can be done concurrently, rather than consecutively. This reduces
process timeb. data moves through internet platform and access becomes fasterc. eliminates duplicate entries
d. single entry accounting becomes easier
2. R/3 is called so becausea. it requires three serversb. it integrates three basic modules, viz., FI, logistics and HRc. it has three tier architecture representing database, application and front end
presentationd. it has three tier architecture representing GUI, BAPI and RCF
3. application modules supported by R/3 includea. FI, CO, TR, SD,MM, PP, PM,QM,HR,PS,WF,ISb. FI,CO,TR,SD,MM,PP,PM,QM,HR,PS,WF,IS,ECc. FI,CO,TR,SD,MM,PP,PM,QM,HR,PS,WF,IS,EC,CCPC,CPPA
d. FI,CO,TR,SD,MM,PP,PM,QM,HR
4. In standard business process of a manufacturing organization a sales order wouldtrigger in another application
a. MPSb. MRPc. Purchase requisitiond. Goods delivery
5. Main components of FI area. GL,AR,AA,LC,TRb. GL,AR,AP,AA,TRc. GL,AR,AP,AA,LC,TR,CMd. GL,AR,AP,AA,LC,TR,TM
6. Main components of CO area. COOM,COPC,COPA,ECPCA,COTMb. COOM,COPC,COPA,ECPCA,COCCAc. COOM,COPC,COPAd. COOM,COPC,COPA,ECPCA
7. The sequence of business processes (related to raw material for production) in MMcan be described are
a. PR-MRP-GR,INVOICEb. PR-PO-GR-INVOICE VERIFICATIONc. PR-PO-GR-INVOICE VERIFICATION-VENDOR PAYMENTd. PR-PO-GR-INVOICE VERIFICATION-RECEIPT OF DISCOUNT FROM VENDOR
8. It is a must to create group company before any transaction processinga. completely trueb. partially truec. completely falsed. partially false
9. it is a must to create company code before any transaction processinga. completely true
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b. partially truec. completely falsed. partially false
10. business area is a legal entity for which you need a balance sheeta. completely true
b. partially truec. completely falsed. partially false
11. client is the highest level organizationa. completely trueb. partially truec. completely falsed. partially false
12. many company codes can be attached to one planta. completely trueb. partially true
c. completely falsed. partially false
13. many company codes can be assigned to one controlling areaa. completely trueb. partially truec. completely falsed. partially false
14. operating concern can encompass several controlling areasa. completely trueb. partially truec. completely falsed. partially false
15. credit control area is a concept in COa. completely trueb. partially truec. completely falsed. partially false
16. master data is created with the help of IMGa. completely trueb. partially truec. completely falsed. partially false
17. transaction data is core information that is shared across applications
a. completely trueb. partially truec. completely falsed. partially false
18. the user specific defaults are possible if setting is done ina. user profileb. company code parametersc. session managers
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d. terminal
19. customized report trees are created througha. transaction menu of information systemb. master creation of reports
c. IMGd. Standard report functionality
20. Variant creation helps ina. calculating variance between actual and standardb. processing repetitive transactionsc. to coy repetitive field values in master creationd. to be a standardized selection criteria for repetitive use required to run
program
21. credit control area may consist of one or more company codesa. completely trueb. partially true
c. completely falsed. partially false
22. credit control area is useda. by the SD and AR components to provide integrated credit managementb. by FI/AP to prove credit worthiness to vendorsc. independently by FI to monitor customer creditd. independently by SD to monitor customer credit
23. a company code can be assigned witha. three chart of accountsb. two charts of accountsc. only one chart of accountd. a chart of account called as operating chart of account
24. association between numbers from group chart of account and/orcountry/alternate chart of account can be established in
a. company code global parametersb. master data of ledger account from operating chart of accountc. group company detailsd. country details
25. account groups which are assigned in account master creation helpsa. to determine which fields should be suppressed, required or optional while
processing transactionb. to determine which fields should be suppressed, required or optional while
creating master in company code area
c. to determine which fields should be suppressed, required or optional whileprocessing transactions and master both
d. in grouping the accounts with specific logic and assign specific numberinterval
26. there are two areas-chart of account and company code-in which G/L accountmaster has to b e created because
a. data can be distributed and easy to processb. the same chart of account can be assigned to several company codesc. the company specific features can be maintained in company code areas
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d. creation of G/L can be done in two stages27. house banks are banks
a. which are used by the company code in which they are createdb. which are used by customers/vendorsc. located in the same building where company is locatedd. which are nationalized
28. primary cost element is related toa. G/L account code in one to one relationshipb. G/L account code in one to many relationshipc. Several secondary cost elements to group themd. Internal order
29. It is a must to assign a standard hierarchy in cost center mastera. completely trueb. partially truec. completely falsed. partially false
30. statistical order permitsa. settlement to cost centerb. application of overhead to themc. evaluation of costs which cannot be itemized in detail cost element or cost
center accountingd. costing of product
31. for every transaction, system generates at leasta. 4 documentsb. 3 documentsc. 2 documentsd. 1 document
32. transactions which have a financial impact generate along with other documentsa. material documentb. SD documentc. System documentd. Accounting document
33. Purchase order creation is an example of transactiona. which also triggers accounting documentb. which does not create any accounting documentc. which creates document in SDd. which triggers document in PP
34. document has the following sectionsa. title and detailsb. open item and line items
c. header and line itemsd. coding block and line items
35. document type is assigned in the line item section of documenta. trueb. false
36. document type allows more than one account types while processing theparticular document type
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a. trueb. false
37. number range id is assigned ina. account typeb. document type
c. document headerd. document line item
38. following are the account typesa. A,D,K,M,Sb. A,D,K,M,S,B,Sc. A,D,K,M,S,Td. A,D,K,M,S,P,L
39. Number range can be defined asa. only internally system generatedb. only externally assigned by userc. either externally or internally
d. both externally and internally at the same time
40. posting keys determinea. account groups to which account numbers belongb. debit/credit, account type and field status of the transactionc. debit/credit, account type, account group and field status of the transactiond. document type, account type and field status of the transaction
41. the relationship between calendar months and posting period is defined in theproperties of
a. posting period variantb. field status variantc. fiscal year variantd. global parameters of company code
42. only one company code can be attached to a posting period varianta. trueb. false
43 fiscal year can havea. maximum 12 regular posting periods and 4 special periodsb. any number of posting periodsc. 16 regular periodsd. 16 special periods
44 account type essentially controlsa. account group which can be assigned to the account codeb. which account-G/L, customer, vendor, material, or asset can be used in a line
item of transaction postingc. tolerance level of the accounts involvedd. document type which can be used
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45 account group in the context of G/L account determines status of fields ina. transactionb. chart of account segment of master datac. company code segment of master datad. none of the above
46 field status variant and posting key both determine field status ina. chart of account segment of master datab. company code segment of master datac. document typed. none of the above
47 negative postings cause transaction figures of the accounta. changedb. unchangedc. doubled. none of the above
48 for negative posting, negative posting indicator needs to be checked
a. only in document typeb. only in company code global parameters and reason code propertiesc. only in document type, company code global parameters and reason code
parametersd. none of the above
49 following and the FI functionality offered for speedy postinga. posting with reference, recurring entries, account assignment models, G/L fast
entry screensb. only G/L fast entry screensc. only recurring entriesd. none of the above
50terms of payment can be assigned toa. G/L masterb. Customer or vendor masterc. Transaction processing for customer/vendord. None of the above
51 Base line date isa. a date on which payment becomes dueb. from which due date is calculated depending on the settings in payment termsc. a base date after which discount lapsesd. none of the above
52 due date and cash discounts are dependent ona. settings in company codeb. credit management settingsc. payment termd. payment method
53 currency assigned in company code master isa. transaction currencyb. group currencyc. hard currency
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d. local currency
54 validations are useda. to substitute values in fieldsb. to support data entryc. to validate the data being entered is meeting certain criteria when certain
prerequisites are metd. none of the above
55 parking of document is a functionalitya. which can be used to complete and post subsequently the documents which
are incompleteb. to hold the document for the new sessionc. to process documents fasterd. none of the above
56 dunning process is useda. to generate paymentsb. to remind customer/vendor of account arrears
c. to remit the paymentsd. none of the above
57 opening and closing of posting period is donea. customization of fiscal yearb. customization related to opening and closing of posting periodc. definition of posting period variantd. none of the above
58 updating of reconciliation accounta. happens on a daily basisb. is real time updatec. happens after the end of the posting periodd. none of the above
59 customer and vendor master can b e maintaineda. only in FIb. only in SD/MMc. centrally as well as in respective functional areasd. none of the above
60customer master is divided intoa. two sections-company code and sales areab. three sections-general data, company code and sales organizationc. four sections-general data, company code, salas organization and productiond. none of the above
61 function of tolerance group is
a. is to set tolerance level for foreign exchangeb. is to define user groups with different amount limits for documents and line
itemsc. grouping tolerance levels of specific natured. none of the above
62 posting keys are defined ata. business area levelb. company code level
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c. client leveld. none of the above
63 every company code must have its own document typea. trueb. false
64 the standard posting keys used for G/L posting area. 40, 50b. 19, 20and 40c. 50, 39d. none of the above
65 in case of cross company code transactionsa. one has to post two documents individuallyb. posts a document in one company and system generates another document
in concerned company with common link of cross company code transactionnumber
c. system links documents based on user given number in cross company code
transaction fieldd. none of the above
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KEY
1. A,C2. C3. D
4. B5. C6. A7. B8. C9. A10. C11. A12. C13. A14. A15. ..16. A
17. C18. A19. ..20. B21. A22. A23. A,B,C,D24. B25. B,D26.A,B,D27. A28. A29. A30. ..31. D32. D33. B,D34. C35. B36. A37. B38. A39. C40. B41. A,C42. B43. A
44. B45. C46. C47. A48. C49. A50. B,C51. B52. C
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53. D54. C55. A56. B57. B58. B
59. C60. B61. B, C62. C63. B64. A65. B
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