SAP FINANCIALS CERTIFICATION Q’s WITH A’s    Collection of Sample Questions with AnswersPrepared By:               Ms.Pram...
SAP FINANCIALS CERTIFICATION Q’s with A’s1. State True or False for each of the following statements.     A one-time vend...
SAP FINANCIALS CERTIFICATION Q’s with A’s10. State True for each of the following statements.         A one-time vendor m...
SAP FINANCIALS CERTIFICATION Q’s with A’s18. A database server contains all data and programs. (True/False)        True  ...
SAP FINANCIALS CERTIFICATION Q’s with A’s27. What determines the posting period and fiscal year?        Document entry da...
SAP FINANCIALS CERTIFICATION Q’s with A’s35. State True for each of the following statements         One or more reconcil...
SAP FINANCIALS CERTIFICATION Q’s with A’s        True        False ***44. State True or False for the following statemen...
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SAP Financials Certification Q's with A's set 2

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This is a copy righted document which relates to SAP Financials Certification Questions along with Answers Set 2 (Sample) Copy Rights © 2012-2013 SAPTAC BANGALORE.

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SAP Financials Certification Q's with A's set 2

  1. 1. SAP FINANCIALS CERTIFICATION Q’s WITH A’s Collection of Sample Questions with AnswersPrepared 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)
  2. 2. SAP FINANCIALS CERTIFICATION Q’s with A’s1. State True or False for each of the following statements.  A one-time vendor master always has an external number range. ***  You create all relevant information while posting for a one-time vendor. ***  You maintain one-time vendor master records in SAP solutions ***2. How can you prevent duplicate vendors from being created?  Checking the match code before creating a new vendor***  Switching on automatic duplication check in the vendor master***3. State True for each of the following statements. The business area is:  Client specific***  Company code specific4. State False for each of the following statements  A customer can be blocked from creating company codes.***  A customer can be blocked from posting in selected company codes  A customer can be blocked from posting in all company codes.5. You can post to a reconciliation ledger directly.  True  False***6. State True for the following statements, with respect to document type.  The document type indicates whether or not batch processing is allowed. ***  Field status of document header text and reference field. ***  None of the above.  The document type controls what account types are allowed for posting.***7. An SAP R/3 system only contains a database server. (True/False)  True  False***8. State True for each of the following statements.  You can define account groups at the client level  You can define account groups at the COA level ***9. Employee tolerance and G/L tolerance limits work together. (True/False)  True ***  False Copy Rights © 2012-2013 SAPTAC BANGALORE
  3. 3. SAP FINANCIALS CERTIFICATION Q’s with A’s10. State True for each of the following statements.  A one-time vendor master always has an external number range. ***  You maintain one-time vendor master records in SAP solutions. ***  You create all relevant information while posting for a one-time vendor. ***11. State True for each of the following statements  A G/L account can be blocked for posting at company code level or at the COA level. ***  A G/L account is always blocked at the COA level.  A G/L account that has been blocked can’t be opened for posting.12. A document is uniquely identified by:  Company code, fiscal year, and document types  Company code, fiscal year, and posting periods  Document number, company code, and fiscal year ***  None13. When is a G/L master complete?  After the company code segment data is added to the COA segment data ***  After the chart of account (COA)segment data is created14. Do you need an account group for the creation of a vendor/customer master? (Yes/No)  Yes ***  No15. Generally, under what circumstances are two period ranges open for posting?  For daily transactions  During month end ***  During year end ***16. State false for each of the following statements.  Sample accounts are created at the client level. ***  You can use sample accounts as reference documents***  Both true17. You can only have a year-dependent fiscal year.  True  False*** Copy Rights © 2012-2013 SAPTAC BANGALORE
  4. 4. SAP FINANCIALS CERTIFICATION Q’s with A’s18. A database server contains all data and programs. (True/False)  True  False***19. State True for each of the following statements  Customer or vendor masters are company code–dependent masters.  Customer or vendor masters are client-dependent masters***20. Posting keys are defined at:  Client level ***  Company code level  Controlling area level21. Where do you define the length of general ledger (G/L) account numbers?  Transaction Code OBC4  Transaction Code OB13 ***22. You can open more than seven sessions of a particular system at a time. (True/False)  True  False ***23. Account numbers control the appearance of the G/L master. (True/False)  True  False***24. State True for each of the following statements.  The relation between the operating COA G/L and the group COA G/L is n :1.***  The relation between the operating COA G/L and the country COA G/L is 1:1.  The relation between the operating COA G/L and the group COA G/L is 1: n .25. What would be the effect if multiple company codes used the same posting period variant?  Individual company codes can close or open posting periods for their respective company code.  Opening and closing can be done centrally and will apply to all company codes. ***26. A fiscal year normally has 12 normal periods and one or more special posting periods.  True ***  False Copy Rights © 2012-2013 SAPTAC BANGALORE
  5. 5. SAP FINANCIALS CERTIFICATION Q’s with A’s27. What determines the posting period and fiscal year?  Document entry date  Document posting date***28. State False for each of the following statements.  Different company codes can have the same number of range intervals with respect to documents.  You can assign two number ranges to a document type. ***  You can use alphanumeric document number ranges for internal number ranges. ***  Document number ranges are defined at the client level ***29. State True for each of the following statements.  You can have at least one retained earning account. ***  The configuration of a retained earning account is optional30. State True for each of the following statements.  A company code can have more than one currency as a local currency.  A company code can only have one local currency.***31. State True for each of the following statements.  The relationship between the house bank and account ID is 1:1.  The relationship between the house bank and account ID is 1: n.****  The relationship between the house bank and account ID is n :1.32. The clearing document updates the clearing document number and the clearing document date fields of the open items that it clears. (True/False)  True ***  False33. The G/L master consists of which of the following segments?  COA data ***  Purchase area data  Company code data ***  Sales area data34. State True or False for the following statements, with respect to the appearance of the G/L account master. The appearance of the company code segment of a G/L account is based on :  Group Account number/alternative account numbers that are assigned to G/L.  The account group under which G/L masters are created. *** Copy Rights © 2012-2013 SAPTAC BANGALORE
  6. 6. SAP FINANCIALS CERTIFICATION Q’s with A’s35. State True for each of the following statements  One or more reconciliation accounts can be assigned to a vendor or customer master record  The number range and account groups always have a 1:1 relation ***36. State True for each of the following statement.  A G/L account can be assigned to more the one bank key ***  A house bank is created under chart of account37. Is a company code mandatory for the creation of a customer/vendor master? (Yes/No)  Yes  No *** (Customer/Vendor in Client Level)38. Define Terms of Payment for Instalment Payments: IMG ? Financial Accounting ? Accounts Receivable and Accounts Payable? Business Transactions? Define Terms of Payment for Instalment Payments which is the right Transaction code?  OBB9 ***  OBB839. Posting into a G/L account is controlled by the fi eld status group (FSG) assigned to the G/L master. (True/False)  True ***  False40. State True for each of the following statements  The G/L account group controls the G/L account number ranges. ***  All of the above.  The G/L account group controls the document field status.41. If multiple company codes use the same COA, G/L accounts are not available for all company codes. (True/False)  True  False ***42. State true for each of the following statements  Document numbers can be alphanumeric and year specific. ***  All are false  The document type controls account types to be posted and number ranges to be used. ***43. A shortened fiscal year will have exactly 12 posting periods. (True/false) Copy Rights © 2012-2013 SAPTAC BANGALORE
  7. 7. SAP FINANCIALS CERTIFICATION Q’s with A’s  True  False ***44. State True or False for the following statements, with respect to whether the same chart of account is being used by multiple company codes.  All company codes will use the same COA segment data and different company code segment data. ***  All company codes will use the same COA data and company code segment data.45. Which of the following would be the baseline date?  Posting date ***  Entry date ***  None of the above  Document date ***46. A down payment request updates and changes the G/L balance of the vendor/customer. (True/False)  True  False ***47. A retained earnings account is a company code–specific G/L account  True  False ***48. You should have a separate cash journal for each currency. (True/false)  True ***  False49. One G/L account may appear in multiple groups in the same COA.  True  False ***50. The customer master has which of the following segments:  COA segment and company code segment  General data segment, company code segment, and sales area segment ***  General data segment, company code segment, and purchase organization segment51. State False for each of the following statements.  A company code should have only one operating COA  A company code may have an operating COA and n number of group COAs. *** Copy Rights © 2012-2013 SAPTAC BANGALORE

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