a) [ ] P+L Statement.
b) [ ] Reconciliation.
c) [ ] Revenue.
d) [ ] Material Stock.
e) [ ] Tax.
2. Consider the following statements:
2.1. Accounts with open item management must have lineitem display activated.
2.2. You can activate or deactivate open item managementeverytime, even if the account hasnÂt a zero balance.
2.3. You can select both local and foreign currenciesas account currency.
2.4. If the account is the local currency, the accountcan only be posted to this currency.
2.5. When using the ÂOnly Balances in Local CurrencyÂindicator in the master data record, transaction figures are only managedfor amounts translated into local currency.
Which of the above statements are true (Note: we can havemore than one correct sentence. Please select the sentences you think theyare correct)?
a) [ ] 2.1.
b) [ ] 2.2.
c) [ ] 2.3.
d) [ ] 2.4.
e) [ ] 2.5.
3. True or false?
3.1. The Only Balances in Local Currency indicator mustnot be set in reconciliation accounts for customers or vendors.
a) [ ] True. b) [ ] False.
3.2. The Only Balances in Local Currency indicator isusually set in balance sheet accounts that are not managed in foreign currenciesand not managed on an open item basis.
a) [ ] True. b) [ ] False.
3.3. Accounts with a foreign currency as an account currencycan be posted to any currency.
a) [ ] True. b) [ ] False.
3.4. You can use a group chart of accounts for internalpurposes.
a) [ ] True. b) [ ] False.
3.5. The usage of a financial statement version for thegroup chart of accounts is optional.
a) [ ] True. b) [ ] False.
4. What is the disadvantage of using the group chart ofaccounts (Please choose the correct sentence)?
a) [ ] Because changes to existing G/L Accountsare effective as soon as they have been saved and could have extensiveconsequences.
b) [ ] Because accounts with the accountcurrency as local currency can only be posted to this local currency.
c) [ ] Because the company codes use differentoperational chart of accounts, you cannot carry out cross-company codecontrolling.
d) [ ] Because the group chart of accountsmust be assigned to each operational chart of accounts.
e) [ ] Because you must enter the group accountnumber in the chart of acounts segment of the operational account.
5. Consider the following statements:
5.1. You cannot use the country chart of accounts if youdesire to use the cross-company code controlling.
5.2. The disadvantage of using country chart of accountsis the accounting clerks who may be familiar with the country chart ofaccounts first have to get used to using the operational chart of accounts.
5.3. Reconciliation accounts are updated on a daily basis.
Which of them are false (Please choose the correct sentence)?
a) [ ] 5.1 and 5.2.
b) [ ] 5.1 and 5.3.
c) [ ] 5.2 and 5.3.
d) [ ] all of them.
e) [ ] none of them.
6. Which are the segments of the SD view of the customeraccount master data (Note: we can have more than one correct sentence.Please select the sentences you think they are correct)?
a) [ ] Client.
b) [ ] Company Code.
c) [ ] Controlling Area.
d) [ ] Sales Area.
e) [ ] Purchasing Organization.
7. Which are the segments of the MM view of the customeraccount master data (Note: we can have more than one correct sentence.Please select the sentences you think they are correct)?
a) [ ] Client.
b) [ ] Company Code.
c) [ ] Controlling Area.
d) [ ] Sales Area.
e) [ ] Purchasing Organization.
8. What is the segment that makes complete both customerand vendor accounts (Please choose the correct sentence)?
a) [ ] Client.
b) [ ] Company Code.
c) [ ] Controlling Area.
d) [ ] Sales Area.
e) [ ] Purchasing Organization.
9. What characteristics are configured as standard forevery customer/vendor account (Note: we can have more than one correctsentence. Please select the sentences you think they are correct)?
a) [ ] Line Item Display.
b) [ ] Company Code.
c) [ ] Currency.
d) [ ] Open Item Management.
e) [ ] Purchasing Organization.
10. Consider the following statements:
10.1. Number ranges for customer/vendor accounts can overlap.
10.2. An one-time account is a special customer/vendormaster record which a company rarely do business.
10.3. The account group is used to control the fieldsdisplayed in the master record.
10.4. If you enter an alternative payer, the amount toclear the open items due in the account is paid by the alternative payer.
10.5. One number range can only be assigned to one accountgroup.
Which of the above statements are true (Note: we can havemore than one correct sentence. Please select the sentences you think theyare correct)?
a) [ ] 10.1.
b) [ ] 10.2.
c) [ ] 10.3.
d) [ ] 10.4.
e) [ ] 10.5.
11. True or false?
11.1. For every bank that is used in the system (for example,as a house bank or as a customer/vendor bank) you have to create a bankmaster record.
a) [ ] True. b) [ ] False.
11.2. Banks that are used by your company are definedas house banks.a) [ ] True. b) [ ] False.
11.3. You cannot create bank master data when enteringbank information in the customer or vendor master record.
a) [ ] True. b) [ ] False.
11.4. Bank Account and G/L Account are the same masterdata object.
a) [ ] True. b) [ ] False.
11.5. Customers that use the lockbox function can createa batch input session that automatically updates customer banking informationin the master record.
a) [ ] True. b) [ ] False.
12. Consider the following statements:
12.1. The system can assign the document numbers or theuser can assign
the number during document entry.
12.1. A business transaction creates only one document.
12.3. Document types are defined at company code level.
12.4. Number ranges for document numbers and accounttypes defined for postings are defined by the document types.
12.5. Document types also define whether invoices areposted with the net procedure.
Choose the correct option:
a) [ ] 12.1, 12.4 and 12.5 are correct.
b) [ ] 12.2, 12.4 and 12.5 are correct.
c) [ ] 12.3, 12.4 and 12.5 are correct.
d) [ ] 12.1, 12.3 and 12.4 are correct.
e) [ ] 12.1, 12.2 and 12.5 are correct.
13. What do the posting keys specify (Note: we can havemore than one correct sentence. Please select the sentences you think theyare correct)?
a) [ ] Whether the line item is connected to a paymenttransaction or not.
b) [ ] Whether the posting is sales-relevant andthe sales figure of the account is to be updated by the transaction, forexample, by the posting of a customer invoice.
c) [ ] Whether the line items contain creditor debit values.
d) [ ] Whether the line items are valid for a businesstransaction.
e) [ ] Whether the accounts are allowed for posting.
14. Consider the following statements:
14.1. A company code must be assigned to a posting periodvariant to have the control for posting periods.
14.2.+ symbol represents all account types in the postingperiod customizing screen.
14.3. The account interval in the posting period customizingscreen can be both G/L and subledger accounts.
14.4. The maximum amounts are defined per company codein tolerance groups.
14.5. It is not possible to assign tolerance groups touser logon IDs.
Choose the correct option:
a) [ ] 14.1, 14.4 and 14.5 are correct.
b) [ ] 14.2, 14.4 and 14.5 are correct.
c) [ ] 14.3, 14.4 and 14.5 are correct.
d) [ ] 14.1, 14.2 and 14.4 are correct.
e) [ ] 14.1, 14.2 and 14.5 are correct.
15. What fields of a FI Document Header section can bechanged after a document has already been posted (Note: we can have morethan one correct sentence. Please select the sentences you think they arecorrect)?
a) [ ] Fiscal Year.
b) [ ] Reference Number.
c) [ ] Text fields.
d) [ ] Header text.
e) [ ] Posting date.
16. About the change control, what conditions below areapplicable (Note: we can have more than one correct sentence. Please selectthe sentences you think they are correct)?
16.1. The posting period is already closed.
16.2. The line item is not yet cleared.
16.3. The document is a credit memo for an invoice.
16.4. The document is not a credit memo from a down payment.
16.5. The line item is either a debit in a customer accountor a credit in a vendor account.
a) [ ] 16.1.
b) [ ] 16.2.
c) [ ] 16.3.
d) [ ] 16.4.
e) [ ] 16.5.
17. What are the prerequisites to enable negative postings(Note: we can have more than one correct sentence. Please select the sentencesyou think they are correct)?
a) [ ] You have to define reversal reasons for negativereversal.
b) [ ] You have to ensure company code permitsnegative postings.
c) [ ] You have to define the document type thatexplicitly allows negative postings.
d) [ ] You have to use cleared items.
e) [ ] You have to reset cleared items.
18. What is the purpose of the terms of payment (Pleasechoose the correct sentence)?
a) [ ] Calculate a cash discount and invoice duedate.
b) [ ] Calculate the tax amounts.
c) [ ] Enable the cross-company code transactions.
d) [ ] Define the baseline date.
e) [ ] Calculate only the required conditions forSD invoices.
19. Consider the following statements:
19.1. Terms of payments are copied from invoice to creditmemos when they are linked to.
19.2. Inserting a ÂVÂ in the invoice referencefield during document entry means the terms of payment are activated inthe
non-invoice-related credit memos.
19.3. The account type field in terms of payment basicdata screen should be defined separately, to prevent any done change inthe term of payment.
19.4. The system cannot define the splitment of an installmentpayment, at least you define it in the terms of payment.
19.5. The day limits define the dates of the cash discountperiods.
Which of the statements above is false (Please choosethe correct sentence)?
a) [ ] 19.1.
b) [ ] 19.2.
c) [ ] 19.3.
d) [ ] 19.4.
e) [ ] 19.5.
20. True or false?
20.1. SAP supports tax on sales and purchases, US salestax, additional taxes and withholding tax as tax systems for differentcountries.
a) [ ] True. b) [ ] False.
20.2. Only national level of taxation is allowed in theR/3 system.
a) [ ] True. b) [ ] False.
20.3. A tax calculation procedure is assigned to everycompany code for carrying out tax calculations.
a) [ ] True. b) [ ] False.
20.4.A jurisdiction code is a combination of the codesof tax authorities that tax movements of goods and use their own tax rates.
a) [ ] True. b) [ ] False.
20.5. If you desire to post manual tax postings, youhave to flag the Post Automatically Only field of the account masterrecord.
a) [ ] True. b) [ ] False.
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Answers:
1. B, C, D, E.
2. A, C, E.
3. True or false:
3.1. True.
3.2. True.
3.3. False. Accounts with a foreign currency as an accountcurrency can only be posted to in this foreign currency.
3.4. True.
3.5. False. You must use a financial statement versionfor the group chart of accounts.
4. C.
Item a is related to Collective Processing for G;LAccounts Master Data.
Item b is not true for the R/3 system concept. If theaccount currency is the local currency, the account can be posted to inany currency.
Item d and e are some actions to be done for usinggroup chart of accounts, so, they are not the disadvantage.
5. B.
In fact, since all company codes use the same operationalchart of accounts for postings, you can carry out cross-company code controlling.About Reconciliation accounts, they are updated realtime.
6. A, D.
7. A, E.
8. B.
9. A, D.
10. B, C, D.
NOTE: A number range can be assigned to several accountgroups.
11. True or false?
11.1. True.
11.2. True.
11.3. False. In fact, we can create bank master datawhen entering bank
information in the customer or vendor master record.
11.4. False. Each bank account is reflected in the SAPSystem by a combination of house bank ID and account ID. This combinationis entered in a G/L account that represents the bank accounting the generalledger.
11.5. True.
12. A.
13. A, B, C, E.
14. D.
15. B, C.
16. B, D, E.
17. A, B, C.
18. A.
19. E.
The day limits are used to store several versions of termsof payment under the same terms of payment key.
20. True or false:
20.1. True.
20.2. False. Two types of taxation can be representedin the R/3 system: taxation at national level and taxation at regional/jurisdictionlevel.
20.3. False. A tax calculation procedure is assignedto every country for carrying out tax calculations.
20.4. True
20.5. False. If you have selected this field, no manualtax postings are allowed.
SAP FI Tips by : Daniel Carvalho - Certifiedon September 2005
