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Collection of Sample Practice Qs with As
for Certification Exam (For Quick Reference)
Prepared By:
Ms. Pramila Nagaraj
First Class MBA Finance Graduate (2009-10)
Global Academy of Technology, Bangalore (VTU- Belgaum)
Trained up in SAP FICO @ SAPTAC Bangalore
(FRESHER)
Note: Answers Indicator is **
2.
3.
4.
5.
The schedule manager facilities period end closing and reflects a cross application access point
for all tasks involved in closing process
True **
False
6.
7.
8.
9.
The Run date is recommended as the actual date when the program is executed
True **
False
10. You can choose the key figures either in the form or report
False
True **
11. A form describes the basic content and formal structure of report lists
True **
False
12. Dunning proposal list and dunning proposal log show the same level of information
True
False **
13. You can maintain the interest rate to be used to calculate for the interest due on credit balance
False **
True
14. You can access important reports using the information system for each following area: One or
More Correct.
Accounts Payable **
General Ledger **
Accounts Receivable **
15. We can create interest calculation type which is assigned to system defined interest calculation
indicator.
False **
True
21. For each dunning level you can specify that interest is to be calculated or not
True **
False
22. If dunning notices are to be sent to one-time customers the data is updated in: One or More
Correct
25. You can print following information in automatic payment run: One or More Correct
Dunning List
Dunning Statistics
Dunning History
All are incorrect **
Dunning Log
26. If a customer has a head office with several branch offices, items are posted to the central
House Bank is the Bank which has a Business Transaction with your company deals. **
One House Bank can have several Account ID providing all of them are in different
currencies.
Account ID and Bank keys are similar terminology used in SAP.
House Bank represent the branch of the bank from which your company code is
dealing with. **
28. Exception list contains all the open items: One or More Correct
False
True **
True
False **
32. You can call up the flowing within a drill down report: One or More Correct
Drilldown Reports **
Report Writer Reports **
BW Reports **
SAP EIS Report portfolio reports **
Transactions **
General Reports(ABAP, Standard Reports) **
33. Account balance interest calculation is applied to the entire balance of GL only
False
True **
34. If Company A is making payment on behalf of another Company B, then B is called sending
company code.
True **
False
35. Dunning charges are defined for each currency and depend on the dunning procedure.
True
False **
36. Payment Method Configuration: One or More Correct
Paying company code is the company code that is responsible for processing outgoing
payment. **
If company code X is making payment on behalf of another company code B, then B is
the sending company code. **
If a company code X is making payment on behalf of another company code B, then B
is the paying company code.
One company code is paying on behalf of another company code; this is an example of
cross company transaction. **
37. You can create a user specific layout, which only you can use.
True **
False
False **
True
39. The Automatic payment process consists of 4 steps (User Side)
We define payment method in the reconciliation account master data of customer and
vendor. **
System default the payment method from the master data of reconciliation account
in the vendor line item**
If no payment method is entered, system default payment method from the vendor
masters data.
41. You can choose to use separate dunning notice by dunning level
False **
True
42. The posting periods for company code are defined by fiscal year variant
True **
False
43. Profit and Loss using the Period Accounting and Cost of Sales Accounting: One or More Correct
Vendor Balances **
Master Data **
Payment Transactions **
Vendor Items **
50. Dunning print program for the dunning procedure: One or More Correct
Chart of Accounts **
Total Debit Balance
Business Area **
Balance sheet value
Total Credit Balance
Company Code **
Currency **
False
True **
54. Drill down report is a tool that enables you to analyze the GL accounts open items and financial
statements.
True
False **
55. In SAP checks are managed in batches or lot and are used for both manual and automatic
payments
True **
False
56. SAP Graphics, SAP mail, and various printing functions are connected to drilldown reporting
GL Master **
Customer line items **
Vendor line items **
Customer Master **
Vendor Master **
True
False **
61. The dunning charges can be a fixed amount or a % of all [due] the items in the account.
False **
True
62. Dunning run also post cash discount directly.
True
False **
63. Amount field is not updated automatically after each payment run.
True **
False
64. You can have multiple retained earnings accounts and if so then you need to select in the master
True **
False
66. At the beginning of the fiscal year the balance carry forward program is carrying forward the
variants.
False
True **
68. Balance sheet preparation valuation indicator program SAPF100 determines whether or not
created separately by dunning area rather than by account for a company code.
False
True **
71. A combination of characteristics and characteristic values is generally called an object in
drilldown report.
False
True **
72. You can define correspondence type to use with reason codes
True **
False
73. A correspondence type : One or More Correct
If Company code A belongs to India and Company code B belongs to country Pakistan,
and company code A pays on behalf of company code B system treats this transaction as
cross company code transaction in Automatic Payment Program.
Tolerance level for maximum payment program configuration. **
All company code can use the payment method, which is defined in the country specific
setting of payment method. **
Payment method has two components one is company code and the other is country
specific setting. **
75. Executing Automatic Payment Program: One or More Correct
In automatic payment program only check can be created if check form is assigned in the
payment method company code setting. **
Posting date is the date which GL account is updated. **
In automatic payment program we can restrict the documents. **
Automatic payment program should be executed separately for customers and vendors.
76. House Bank can be entered in : One or More Correct
GL Master **
Customer Line Items **
Vendor Line Items **
Customer Master **
Vendor Master **
True **
False
78. System calculates the balance carried forward to the old fiscal year for each balance sheet
account.
True
False **
79. Account balance interest is applied to GL as well as to customer account
True
False **
80. You can use cross company code during notice to combine overdue items from different
Master data
True
False **
82. For all company codes all configure
Cash Discounts **
Inter Company payment relationships **
Customer/Vendor transactions to be processed **
Company codes that process payments **
Tolerance days for payments **
83. If a document has several line items some of the items may have different reason codes and
True **
False
85. Each check lot has a defined number range and is assigned to one house bank.
True **
False
Can be used for customer open items in local and foreign currency.
Is necessary if a vendor account contains cleared items in foreign currency.
Can be used for vendor account open items in local currency.
Is necessary if a vendor account contains open items in foreign currency. **
Can be used for GL account balances. **
88. The items in a dunning notice are sorted according to various sort criteria : One or More Correct
True **
False
90. When you select items using search help, the system offers input help for the vendor line item
If you want dunning interest to be calculated, you have to enter dunning indicator in
vendor and customer master data
An item whose number of days in arrears is less than or equal to the number of grace
days is not considered due for this dunning notice.
An item whose number of days in arrears is less than or equal to the number of grace
days is considered due for this dunning notice. **
The grace period is the days that at least one item in account exceeds the grace period
days then system selects all the open items which are due.
date.
False
True **
93. Value adjustment can be carried out through: One or More Correct
If you are using Special GK indicator it should always be E.
Flat rate individual value adjustment program. **
Special GL transaction. **
94. Period Opening and Closing is a part of year end activities
False **
True
95. The Run date is recommended as the actual date when the program is executed.
True **
False
96. Following items are not selected in the dunning run : One or More Correct
97. Every dunning run is identified by the following two fields : One or More Correct
True
False **
99. Standard text has to be assigned to a company code and optionally to a dunning area.
True **
False
100. Select the Configuration Areas for the payment program
Liabilities **
Assets **
Individual Line Item **
Loss **
Profit **
Account not assigned **
Profit and Loss result **
102. Reconciliation ledger is a function which is used to adjust the difference between profit center
You always need to create the Financial Statement Version and copy function is not
recommended.
You can define maximum of 101 Financial Statement Versions.
FSV is defined at Company code level.
FSV is defined at Chart of account level. **
Shows the financial position of company.
104. Fiscal year for each Balance sheet account and Profit & Loss account is closed to the retained
earning
False
True **
105. Select the correct statement : One or More Correct
Payment run select all the open items, which are due. **
Items can be blocked in the proposal for payment. **
Run dates and document enters up to be are always same.
In Vendor master data only one pay method can be specified at a time.
It is advisable to use bank sub account for payment. **
If you do not specify the sending company code paying company code is the sending
company code. **
Currency of Bank account (Account ID) GL account defined in the account ID should be
same except in those cases where balance only in local currency is not marked in the GL
master data.
Account ID in the system represents the account in the House bank.**
One house bank can have several accounts ID providing all have only one GL account.
Document type for payment is configured per company code per payment method.
Some Fields of Vendor and Customer master data are required on the basis of setting in
the payment method setting.
Users define the minimum amount for payments and form that will be used for each
company code in the payment method country specific setting. **
You can restrict payment method to specific currencies.
If payment method is for incoming payment it is only used for customer incoming
payment. **
110. For documentation purposes, the balance audit trail is carried out
False
True **
111. Debit Balance check : One or More Correct
112. If you select the work lists available field, you can activate and deactivate the input fields for
work lists on the selection screen for each line item list.
True **
False
113. Every payment program run is identified by 2 fields
Rune date **
Identification **
Parameters
Automatic Payment run can also be used for Special GL transaction, if Special GL
indicator is maintained in the automatic payment configuration. **
All types of open item selected in automatic payment program without any additional
configuration. **
If no payment method is entered in the line item as well as in the master data of vendor,
line item will not be selected in the payment program.
Automatic payment run can only used for standard open items.
115. A correspondence type : One or More Correct
False **
True
118. Select the correct answers : One or More Correct
If Vendor is also your Customer separate incoming and outgoing payment is recorded for
customer and vendor. **
We can automate the payment process. **
You can automate payment process through Solution Manager.
If Vendor is also your Customer payment is always been made with net amount in
automatic payment run.
You can automate payment process through Schedule Manager. **
119. System Variants are only displayed in the catalog and not in F4 Input Help if you select the
relevant indicator.
False
True **