This document contains 33 multiple choice questions from a financial accounting certification test. The questions cover topics such as special general ledger types, the new general ledger in SAP, document splitting, payment processes, and cost accounting elements like cost centers. The test is identifying the correct answers regarding accounting configuration and processes in SAP.
SAP Techies is a question and answer site for professional and enthusiast programmers. It's built and run by you as part of the SAP Techies Exchange network. With your help, we're working together to build a library of detailed answers to every question about SAP.
SAP Techies is a question and answer site for professional and enthusiast programmers. It's built and run by you as part of the SAP Techies Exchange network. With your help, we're working together to build a library of detailed answers to every question about SAP.
For Real time SAP IS Utilities Projects and Online Training in
- Device Management
- Billing and Invoicing
- FICA
- EDM
- BPEM
Please contact Rohit at rohitkapoor7766@gmail.com / sapisumentor@gmail.com with a note on your SAP Background.
For Real time SAP IS Utilities Projects and Online Training in
- Device Management
- Billing and Invoicing
- FICA
- EDM
- BPEM
Please contact Rohit at rohitkapoor7766@gmail.com / sapisumentor@gmail.com with a note on your SAP Background.
Cost Management Accounting and Control 6th Edition Hansen Test Bankwypize
Full download : https://alibabadownload.com/product/cost-management-accounting-and-control-6th-edition-hansen-test-bank/
Cost Management Accounting and Control 6th Edition Hansen Test Bank
sap fico interview question and answer part 1, ERPTAC is one of the oldest training institute to provide education on sap online and class room FICO, HCM, BI, BW, HANA, ABAP, BASIS, MM, SD
Similar to 4501537 sap-fico-certification-sample-test-1[1] (20)
Alt. GDG Cloud Southlake #33: Boule & Rebala: Effective AppSec in SDLC using ...James Anderson
Effective Application Security in Software Delivery lifecycle using Deployment Firewall and DBOM
The modern software delivery process (or the CI/CD process) includes many tools, distributed teams, open-source code, and cloud platforms. Constant focus on speed to release software to market, along with the traditional slow and manual security checks has caused gaps in continuous security as an important piece in the software supply chain. Today organizations feel more susceptible to external and internal cyber threats due to the vast attack surface in their applications supply chain and the lack of end-to-end governance and risk management.
The software team must secure its software delivery process to avoid vulnerability and security breaches. This needs to be achieved with existing tool chains and without extensive rework of the delivery processes. This talk will present strategies and techniques for providing visibility into the true risk of the existing vulnerabilities, preventing the introduction of security issues in the software, resolving vulnerabilities in production environments quickly, and capturing the deployment bill of materials (DBOM).
Speakers:
Bob Boule
Robert Boule is a technology enthusiast with PASSION for technology and making things work along with a knack for helping others understand how things work. He comes with around 20 years of solution engineering experience in application security, software continuous delivery, and SaaS platforms. He is known for his dynamic presentations in CI/CD and application security integrated in software delivery lifecycle.
Gopinath Rebala
Gopinath Rebala is the CTO of OpsMx, where he has overall responsibility for the machine learning and data processing architectures for Secure Software Delivery. Gopi also has a strong connection with our customers, leading design and architecture for strategic implementations. Gopi is a frequent speaker and well-known leader in continuous delivery and integrating security into software delivery.
Observability Concepts EVERY Developer Should Know -- DeveloperWeek Europe.pdfPaige Cruz
Monitoring and observability aren’t traditionally found in software curriculums and many of us cobble this knowledge together from whatever vendor or ecosystem we were first introduced to and whatever is a part of your current company’s observability stack.
While the dev and ops silo continues to crumble….many organizations still relegate monitoring & observability as the purview of ops, infra and SRE teams. This is a mistake - achieving a highly observable system requires collaboration up and down the stack.
I, a former op, would like to extend an invitation to all application developers to join the observability party will share these foundational concepts to build on:
Pushing the limits of ePRTC: 100ns holdover for 100 daysAdtran
At WSTS 2024, Alon Stern explored the topic of parametric holdover and explained how recent research findings can be implemented in real-world PNT networks to achieve 100 nanoseconds of accuracy for up to 100 days.
DevOps and Testing slides at DASA ConnectKari Kakkonen
My and Rik Marselis slides at 30.5.2024 DASA Connect conference. We discuss about what is testing, then what is agile testing and finally what is Testing in DevOps. Finally we had lovely workshop with the participants trying to find out different ways to think about quality and testing in different parts of the DevOps infinity loop.
zkStudyClub - Reef: Fast Succinct Non-Interactive Zero-Knowledge Regex ProofsAlex Pruden
This paper presents Reef, a system for generating publicly verifiable succinct non-interactive zero-knowledge proofs that a committed document matches or does not match a regular expression. We describe applications such as proving the strength of passwords, the provenance of email despite redactions, the validity of oblivious DNS queries, and the existence of mutations in DNA. Reef supports the Perl Compatible Regular Expression syntax, including wildcards, alternation, ranges, capture groups, Kleene star, negations, and lookarounds. Reef introduces a new type of automata, Skipping Alternating Finite Automata (SAFA), that skips irrelevant parts of a document when producing proofs without undermining soundness, and instantiates SAFA with a lookup argument. Our experimental evaluation confirms that Reef can generate proofs for documents with 32M characters; the proofs are small and cheap to verify (under a second).
Paper: https://eprint.iacr.org/2023/1886
Essentials of Automations: The Art of Triggers and Actions in FMESafe Software
In this second installment of our Essentials of Automations webinar series, we’ll explore the landscape of triggers and actions, guiding you through the nuances of authoring and adapting workspaces for seamless automations. Gain an understanding of the full spectrum of triggers and actions available in FME, empowering you to enhance your workspaces for efficient automation.
We’ll kick things off by showcasing the most commonly used event-based triggers, introducing you to various automation workflows like manual triggers, schedules, directory watchers, and more. Plus, see how these elements play out in real scenarios.
Whether you’re tweaking your current setup or building from the ground up, this session will arm you with the tools and insights needed to transform your FME usage into a powerhouse of productivity. Join us to discover effective strategies that simplify complex processes, enhancing your productivity and transforming your data management practices with FME. Let’s turn complexity into clarity and make your workspaces work wonders!
Sudheer Mechineni, Head of Application Frameworks, Standard Chartered Bank
Discover how Standard Chartered Bank harnessed the power of Neo4j to transform complex data access challenges into a dynamic, scalable graph database solution. This keynote will cover their journey from initial adoption to deploying a fully automated, enterprise-grade causal cluster, highlighting key strategies for modelling organisational changes and ensuring robust disaster recovery. Learn how these innovations have not only enhanced Standard Chartered Bank’s data infrastructure but also positioned them as pioneers in the banking sector’s adoption of graph technology.
Goodbye Windows 11: Make Way for Nitrux Linux 3.5.0!SOFTTECHHUB
As the digital landscape continually evolves, operating systems play a critical role in shaping user experiences and productivity. The launch of Nitrux Linux 3.5.0 marks a significant milestone, offering a robust alternative to traditional systems such as Windows 11. This article delves into the essence of Nitrux Linux 3.5.0, exploring its unique features, advantages, and how it stands as a compelling choice for both casual users and tech enthusiasts.
UiPath Test Automation using UiPath Test Suite series, part 5DianaGray10
Welcome to UiPath Test Automation using UiPath Test Suite series part 5. In this session, we will cover CI/CD with devops.
Topics covered:
CI/CD with in UiPath
End-to-end overview of CI/CD pipeline with Azure devops
Speaker:
Lyndsey Byblow, Test Suite Sales Engineer @ UiPath, Inc.
Climate Impact of Software Testing at Nordic Testing DaysKari Kakkonen
My slides at Nordic Testing Days 6.6.2024
Climate impact / sustainability of software testing discussed on the talk. ICT and testing must carry their part of global responsibility to help with the climat warming. We can minimize the carbon footprint but we can also have a carbon handprint, a positive impact on the climate. Quality characteristics can be added with sustainability, and then measured continuously. Test environments can be used less, and in smaller scale and on demand. Test techniques can be used in optimizing or minimizing number of tests. Test automation can be used to speed up testing.
Dr. Sean Tan, Head of Data Science, Changi Airport Group
Discover how Changi Airport Group (CAG) leverages graph technologies and generative AI to revolutionize their search capabilities. This session delves into the unique search needs of CAG’s diverse passengers and customers, showcasing how graph data structures enhance the accuracy and relevance of AI-generated search results, mitigating the risk of “hallucinations” and improving the overall customer journey.
Why You Should Replace Windows 11 with Nitrux Linux 3.5.0 for enhanced perfor...SOFTTECHHUB
The choice of an operating system plays a pivotal role in shaping our computing experience. For decades, Microsoft's Windows has dominated the market, offering a familiar and widely adopted platform for personal and professional use. However, as technological advancements continue to push the boundaries of innovation, alternative operating systems have emerged, challenging the status quo and offering users a fresh perspective on computing.
One such alternative that has garnered significant attention and acclaim is Nitrux Linux 3.5.0, a sleek, powerful, and user-friendly Linux distribution that promises to redefine the way we interact with our devices. With its focus on performance, security, and customization, Nitrux Linux presents a compelling case for those seeking to break free from the constraints of proprietary software and embrace the freedom and flexibility of open-source computing.
UiPath Test Automation using UiPath Test Suite series, part 6DianaGray10
Welcome to UiPath Test Automation using UiPath Test Suite series part 6. In this session, we will cover Test Automation with generative AI and Open AI.
UiPath Test Automation with generative AI and Open AI webinar offers an in-depth exploration of leveraging cutting-edge technologies for test automation within the UiPath platform. Attendees will delve into the integration of generative AI, a test automation solution, with Open AI advanced natural language processing capabilities.
Throughout the session, participants will discover how this synergy empowers testers to automate repetitive tasks, enhance testing accuracy, and expedite the software testing life cycle. Topics covered include the seamless integration process, practical use cases, and the benefits of harnessing AI-driven automation for UiPath testing initiatives. By attending this webinar, testers, and automation professionals can gain valuable insights into harnessing the power of AI to optimize their test automation workflows within the UiPath ecosystem, ultimately driving efficiency and quality in software development processes.
What will you get from this session?
1. Insights into integrating generative AI.
2. Understanding how this integration enhances test automation within the UiPath platform
3. Practical demonstrations
4. Exploration of real-world use cases illustrating the benefits of AI-driven test automation for UiPath
Topics covered:
What is generative AI
Test Automation with generative AI and Open AI.
UiPath integration with generative AI
Speaker:
Deepak Rai, Automation Practice Lead, Boundaryless Group and UiPath MVP
GraphRAG is All You need? LLM & Knowledge GraphGuy Korland
Guy Korland, CEO and Co-founder of FalkorDB, will review two articles on the integration of language models with knowledge graphs.
1. Unifying Large Language Models and Knowledge Graphs: A Roadmap.
https://arxiv.org/abs/2306.08302
2. Microsoft Research's GraphRAG paper and a review paper on various uses of knowledge graphs:
https://www.microsoft.com/en-us/research/blog/graphrag-unlocking-llm-discovery-on-narrative-private-data/
A tale of scale & speed: How the US Navy is enabling software delivery from l...sonjaschweigert1
Rapid and secure feature delivery is a goal across every application team and every branch of the DoD. The Navy’s DevSecOps platform, Party Barge, has achieved:
- Reduction in onboarding time from 5 weeks to 1 day
- Improved developer experience and productivity through actionable findings and reduction of false positives
- Maintenance of superior security standards and inherent policy enforcement with Authorization to Operate (ATO)
Development teams can ship efficiently and ensure applications are cyber ready for Navy Authorizing Officials (AOs). In this webinar, Sigma Defense and Anchore will give attendees a look behind the scenes and demo secure pipeline automation and security artifacts that speed up application ATO and time to production.
We will cover:
- How to remove silos in DevSecOps
- How to build efficient development pipeline roles and component templates
- How to deliver security artifacts that matter for ATO’s (SBOMs, vulnerability reports, and policy evidence)
- How to streamline operations with automated policy checks on container images
Threats to mobile devices are more prevalent and increasing in scope and complexity. Users of mobile devices desire to take full advantage of the features
available on those devices, but many of the features provide convenience and capability but sacrifice security. This best practices guide outlines steps the users can take to better protect personal devices and information.
20240605 QFM017 Machine Intelligence Reading List May 2024
4501537 sap-fico-certification-sample-test-1[1]
1. FI Certification Questions and Answers Test 1
Financial Accounting
Certification
Questions & Answers
Test 1
2007-2008 ICPA SERVICES INC
2. FI Certification Questions and Answers Test 1
1. Which of the following are special G/L types? Choose the correct answer(s)
A. Noted items
B. Down payments
C. Automatic offsetting entries (statistical)
D. Free offsetting entries
E. Other types
2. The following applies to the special general ledger type of noted items.
Choose the correct answer(s)
A. The special G/L indicators of your own can be created of this type
B. The account for the offsetting entry is selected automatically
C. No postings are made on an offsetting account
D. Noted items are posted on an alternative reconciliation account
E. Noted items cannot replace any proper FI documents.
3. Which statements are correct?
A. A company code can be assigned several workflow variants
B. A task can be assigned one possible processor only
C. It is possible to design multilevel workflow sequences
D. The same workflow variant can be assigned to several company codes.
4. Name reasons for archiving data.
A. Improve response times
B. Keep data secret from auditors
C. Reduce system downtimes during software upgrades
D. Lower the effort involved in database administration
5. Which prerequisites are checked by the system before deleting master data?
A. For GL account: has a deletion indicator been set?
B. For customers: have they been created before 1995
C. For vendors: are there still transaction figures?
D. For GL accounts, customers and vendors: are there still documents?
E. For banks: is a bank balance sheet overdrawn?
F. For banks: are they still being used?
6. 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
3. FI Certification Questions and Answers Test 1
C Account determination in depreciation area
D Account number in depreciation area
7. How many possibilities are possible with New General Ledger? Choose all
that apply.
A. Account balancing with any characteristic
B. Customer Fields Extensibility
C. Segment Reporting
D. Reduction of Total Cost of Ownership
E. Transparency and Uniformity
8. The New General Ledger now consists of what functions? Choose all that
apply.
A. FI Classic
B. Profit Center Accounting
C. Product Costing
D. Reconciliation Ledger
E. Schedule Manager
9. What are the advantages of using the New General Ledger? Choose all that
apply.
A. Extended data structure
B. Document (Online) Split
C. Real Time Integration between CO and FI
D. Multiple Ledgers can be maintained under leading ledger.
E. Interfaces for entering the data and postings are nearly identical.
10. True or False: Please choose the correct answer.
A. The New GL is optional for existing SAP Customers.
True / False
B. New SAP customers will have to activate New GL by Default.
True / False
C. ECC 6.0 will prohibit the use of PCA above General Ledger.
True / False
D. The new SAP Installation will choose between Old and New Ledger.
True / False
E. Customers within New Ledger will have limited extensibility.
True / False
11. What Customizing transaction will activate the New General Ledger? Choose
all that apply.
A. FANEWGL_ACTIVATION
4. FI Certification Questions and Answers Test 1
B. FAGL_ACTIVATION
C. GL_ACTIVATION
D. NEWGL_ACTIVATION
E. FIGL_ACTIVATION
12. After Activating the New GL, what following changes will take place? Choose
all that apply.
A. There will be new Paths for New GL in addition to existing (Old) GL.
B. Conventional Financial Accounting Paths will remain at their present form.
C. Old paths can be eliminated by running RFAGL_SWAP_IMG_OLD
D. Old paths can be eliminated by running FIGL_SWAP_IMG_NEW
13. What will be the new ledger definitions after the activation? Choose all that
apply.
A. Control Parameters (as before) will be from company code.
B. The leading ledger will manage local currency(s) assigned to company code.
C. New GL will use the same Fiscal Year Variant and Posting Period Variant that is
assigned to company code.
D. There will be or can be multiple leading ledgers.
E. If multiple ledgers are used, values from all the ledgers can be posted on to CO.
14. Choose the correct answer(s).
A. After activation, Financial Accounting Document will have two views: the entry
view and the GL View.
True / False
B. Entry View will be the same in sub-ledgers (AR / AR / AA / Taxes).
True / False
C. The way the document will appear in General Ledger view will be the same as
Entry view.
True / False
D. There will be no extra views on documents and no changes will be made.
True / False
15. Pre-closing activities that begin in the old month include:
A. Open new accounting period
B. Foreign currency valuations and financial statement adjustments
C. Enter accruals/deferrals, process recurring entries and bad debt expense in AR,
post depreciation and interest expenses in asset accounting
D. Creation of external and internal reports
16. Which of the following are “special items” in financial statement version?
5. FI Certification Questions and Answers Test 1
A. Profit and loss results
B. Expenses
C. Accounts not assigned
D. Notes to financial statement
17. The depreciation position program RAPOST2000 can be used to record the
following:
A. Ordinary (book and cost-accounting) depreciation
B. Tax special depreciation or the allocation and write off of reserves for special
depreciation on the basis of tax special depreciation
C. Unplanned depreciation (or other manually planned depreciation)
D. Imputed interest
E. APC revaluation below/above the accumulated depreciation
18. Which of the following are required settings for foreign currency valuation.
A. Define exchange rates
B. Define valuation methods
C. Define expense and revenue accounts for exchange rate differences
D. Specify balance sheet adjustment accounts for receivables and payables.
19. The Accrual Engine can be used for the following purposes.
A. Lease accounting
B. Provisions for awards
C. Automatic accruals in financial accounting
D. Intellectual property management
20. The ‘posting period’ can be defined for each
A. Company code
B. Accounting principle
C. Posting period variant
D. Accrual type
21. The ‘purpose of account determination’ is to determine the following:
A. Document type
B. Debit account
C. Credit account
D. Balance sheet account
6. FI Certification Questions and Answers Test 1
22. Accounts are determined using ‘derivation rules’ consisting the following.
Which of them is/are optional?
A. Source fields
B. Target fields
C. Conditions
D. Rule entries
23.Which of the following are fields of ‘General Data’ in customer/vendor accounts?
A. Address
B. Insurance
C. Control data
D. Account management
24.In SAP every document is uniquely identified by the following fields.
A. Company code
B. Document number
C. Fiscal year
D. Posting period
25.Which of the following are the steps involved in the ‘payment process’?
A. Setting parameters
B. Generating a proposal
C. Scheduling the payment run
D. Printing the payment media
26.What are the fields by which every dunning program run is identified?
A. Run date
B. Program number
C. Customer number
D. Identification
27.Items that are to be dunned are grouped together in dunning notices if they have the
same of following:
A. Company code
B. Dunning area
C. Account
D. Number range
7. FI Certification Questions and Answers Test 1
28.Which of the following are advantages of document splitting?
A. Accelerate closing
B. Increased data quality
C. Extensibility and flexibility
D. Real-time integration
29.Which of the following is not correct?
A. The main ledger generally reflects the accounting principle used to draw up
consolidated financial statements.
B. The main ledger is the only ledger that is integrated with controlling module
by default.
C. For parallel financial reporting, other ledgers cannot be used in addition to the
main ledger.
D. Consolidated financial reporting is normally mapped with main ledger
30.The following can be used for G/L account evaluations
A. Balance display
B. Key figure reports
C. Reports for financial statement analysis
D. Interim report
31. Consider the following statements:
31.1. Secondary cost elements area used in production that are produced from outside the
company.
31.2. Cost elements are indicators, used as a basis for allocations and for performing key figure
analysis.
31.3. Cost centers are the organizational units that incur and influence costs.
Which of the above sentences is true (Please choose the correct option)?
a) 31.1.
b) 31.2.
c) 31.3.
d) all of them.
e) none of them.
8. FI Certification Questions and Answers Test 1
32. What can you say about the standard hierarchy (Please choose the correct option)?
a) It is the top of a Profit Center group, which all Cost Centers/Profit Centers may be
assigned.
b) This is a representation of the board directors cost center.
c) It can be defined after creating cost centers.
d) It must be defined before creating cost centers.
e) Its name is defined after creating controlling area and it must follow certain SAP standard
rules, as having the same name of the Controlling Area.
33. "During a fiscal year, you can only change the assignements of the organizational
units company code, business area or profit center to a cost center if:
33.1. The currency of the new company code is the same as the currency of the old company
code.
33.2. You have only posted planning data in the fiscal year.
33.3. The cost center is not assigned to a fixed asset, work center or HR master record.
Which of the above sentences are false (Please choose the correct option)?
a) 33.1 and 33.2. are correct.
b) 33.2 and 33.3. are correct.
c) 33.1 and 33.3. are correct.
d) 33.1, 33.2 and 33.3 are correct.
e) none of them.
34. Define Cost Center Category (Please choose the correct option).
a) It is allowed for only one cost center master data.
b) It is a CO object where costs are incurred.
c) It is an indicator in the cost center master data, which specifies the category for the cost
center.
d) It is an indicator in the controlling area, which specifies what kinds of cost center can be
entered.
e) It is an indicator in the chart of accounts, which specifies the category for the cost center.
9. FI Certification Questions and Answers Test 1
35. Define Primary Cost Element (Please choose the correct option).
a) It is the object in CO module that correspond to the expense and revenue accounts in FI
module.
b) It is the object in CO module that are used to record internal value flows like activity
allocation, assessments and settlements.
c) It is the object in CO module that are used exclusively to identify internal cost flows and
records revenues.
d) It is a revenue element, used in CO and it corresponds to a Balance Sheet Account in FI
module.
e) It is a tracing factor that helps to classify the specific activities that are provided by one ot
more cost centers within a company.
36. True or false?
36.1. The activity type category is used to determine whether and how an activity type is
entered and allocated.
a) [ ] True. b) [ ] False.
36.2. The fixed value is only posted in the period in which it is entered.
a) [ ] True. b) [ ] False.
36.3. You can create your own list variants for collective processing.
a) [ ] True. b) [ ] False.
36.4.SAP recommends that you use the same number interval groups for CO actual and plan
transactions.
a) [ ] True. b) [ ] False.
36.5. Validation has priority under Substitution.
a) [ ] True. b) [ ] False.
37. Splitting process can be divided in to following steps
37.1 Active split
37.2 Passive split
10. FI Certification Questions and Answers Test 1
37.3 Legal split
37.4 Clearing lines/zero balance formation by document
37.5 Partial split
37.6 Total split
Choose the correct option:
a) 37.1, 37.3 and 37.5 are correct.
b) 37.2, 37.5 and 37.6 are correct.
c) 37.2, 37.3 and 37.4 are correct.
d) 37.3, 37.4 and 37.5 are correct.
e) 37.1, 37.2 and 37.4 are correct.
38. Consider the following statements:
38.1. Reposting line items creates CO documents which don't contain a reference to the FI
document.
38.2. Commitments are payment obligations that are not entered into the accounts, but that
lead to actual costs at a later date.
38.3. Purchase orders reduces the commitment values.
38.4. To directly allocate activity, create an activity type of the category 1 (manual entry,
manual allocation).
38.5. You can reposting direcy activity allocations in periods and in the same period form
which the document to be adjusted originates.
Choose the correct option:
a) 38.1. and 38.5. are correct.
b) 38.2. and 38.3. are correct.
c) 38.2. and 38.4. are correct.
d) 38.1. and 38.3. are correct.
e) 38.4. and 38.5. are correct.
39. Which of the following are correct about periodic allocation?
a) Both Distribution & Assessment can be applied as a Periodic Allocation Technique in the
New Ledger. However Periodic Reposting is not used.
b) Statistical Key Figure presently cannot be used as a Tracing Factor.
11. FI Certification Questions and Answers Test 1
c) Distribution Generates a FI Document as an output.
d) A separate Assessment account needs to be defined for New General Ledger as a GL
Account that is not a secondary Cost Element of category 42.
40. Which of the following statements is true (Please choose the correct option(s))?
a) The SAP R/3 system saves the information from the clearing cost center in totals records
during a periodic reposting.
b) The cycle-segment method is used only for defining periodic reposting.
c) Independent cycles can be processed in parallel if they have the same allocation type.
d) You can process cycles in the same cycle flow group in parallel.
e) During distribution, the original cost elements are summarized into distribution cost
elements (secondary cost element category = 42).
41. What can we say about period lock (Please choose the correct option)?
a) It is used to lock the business transactions for a combination of company code, fiscal year
and document number.
b) It is used to lock the business transactions for a combination of company code, fiscal year
and version.
c) It is used to lock the business transactions for a combination of controlling area, fiscal year
and version.
d) It is used to lock the business transactions for a combination of company code, fiscal year
and plant.
e) It is used to lock the business transactions for a combination of company code, fiscal year
and purchasing organization.
42. Which of the following are advantages of ledger solution?
a) You maintain a separate ledger for every accounting principle
b) You can use different fiscal year variants in this scenario
c) The number of G/L accounts is manageable
d) The data volume decreases
12. FI Certification Questions and Answers Test 1
43. When planning statistical key figures, it uses a ________________ for period-based
distribution of the total values.
Please select the option that fulfills the above statement:
a) receiver base.
b) free entry.
c) planned value.
d) distribution key.
e) secondary statistical key figure.
44. Plan values on cost centers can often be calculated using mathematical dependencies.
___________________ lets you use calculation dependencies to plan your cost center
costs.
Please select the option that fulfills the above statement:
a) formula planning.
b) resource planning.
c) dependency planning.
d) accrual calculation.
e) distribution.
45. Which of the following are migration principles?
a) Date of Migration is at the beginning of a Fiscal Year (Current or Future)
b) Year End closing of the Old Fiscal Year must be completed prior to migration and
Activation of New GL.
c) After successful data Migration, New GL will be activated.
d) New GL should be activated before data migration
46. Consider the following statements about Report Painter:
46.1. ____<1>____ are numeric fields that you can evaluate in a report.
46.2. ____<2>____ are fields that display criteria that you used in the data selection.
46.3. ____<3>____ consist of a key figure and one or more characteristics.
46.4. All of the reports are kept in ____<4>____.
13. FI Certification Questions and Answers Test 1
Please choose the option that substitutes <1>, <2>, <3> and <4>, respectively:
a) key figures, predefined columns, system libraries and characteristics.
b) predefined columns, key figures, system libraries and characteristics.
c) predefined columns, characteristics, key figures, and system libraries
d) key figures, characteristics, predefined columns and system libraries.
e) characteristics, key figures, predefined columns and system libraries.
47. Which of the following are part of financial statements?
a) Automatic offsetting entries
b) Noted items
c) Free offsetting entries
d) All of the above
48. The following statement(s) is/are correct with holding documents.
a) Free assignment of the designation/ID
b) A document number is assgined
c) No update of the transaction figures
d) Not taken in to account for evaluations/reports
49. Which of the following are process dimensions of SAP business workflow?
a) Organizational structure
b) Process structure
c) Function
d) Information
50. What can we say about Planner Profile (Note: we can have more than one correct
sentence. Please select the sentences you think they are correct)?
a) It allows to control the planning process.
b) In a given planner profile, you cannot assign any number of planning layouts to any
14. FI Certification Questions and Answers Test 1
number of planning areas.
c) The R/3 system contains standard planner profiles.
d) Planner profiles are defined using the Report Painter.
e) You can assign more than one planning layout to each planning area in the planning
profile.
51. Which of the following are screen areas of Business Workplace?
a) Selection tree
b) Workflow
c) Worklist
d) Work item preview
52. Which of the following are callup points?
a) Document number
b) Document header
c) Document line item
d) complete document
53. Profitability Management is related to which SAP R/3 specific module (Please
choose the correct option)?
a) Financial Accounting.
b) Materials Management.
c) Controlling.
d) Enterprise Controlling.
e) Sales & Distribution.
54. Transaction type specifies which of the following are updated:
a) Value fields
15. FI Certification Questions and Answers Test 1
b) Depreciation areas
c) Asset balance sheet accounts
d) All of the above
55. You can assign an asset to the following Controlling objects:
a) cost center.
b) Internal order
c) Activitiy type
d) Maintenance order
e) All of the above
56. Which of the following are Form Types in drilldown reporting?
a) Single axis form without key figure.
b) Single axis form with key figure.
c) Dual axis form with key figure.
d) Dual axis form without key figure.
57. Which of the following evaluations types available only for customers?
a) The DSO (Days Sales Outstanding) evaluation
b) The overdue items evaluation
c) Terms Agreed/Terms Taken
d) The currency analysis
e) The due date analysis
58. Which of the following is not a function of SAP List Viewer?
a) Select List.
b) Select Detail.
c) Summation
d) Select Colums
e) Select Report.
16. FI Certification Questions and Answers Test 1
59. What characteristic is needed when we need to calculate profits according to the
cost-of-sales approach (Please choose the correct option)?
a) Plant.
b) Cost Center.
c) Functional Area.
d) Dummy Profit Center.
e) Operating Concern.
60. Consider the following sentences and choose the correct option:
a) All transactions carried out during a period are stored with a date weighting in the average
balance ledger.
b) The opening balance is taken from the average balance ledger "8A".
c) The average balance ledger (8Z) contains both weighted transactions by period and by
company code.
d) A transfer price is a price used to plan the transfer of goods and services that should be
occur between independent organizational units.
e) The assignment of a Report Painter/Report Writer to a library is optional.
61. Consider the following statements (Plan Integration):
61.1. The____<1>____ is usually created to determine the quantities you expect to sell
during the planning period.
61.2. The ____<2>____ determines both the capacities and the quantity requirements for
raw materials and operating supplies.
61.3. The ____<3>____ can be used to derive planning planned contribution margins.
61.4. The ____<4>____ is created once the activity units have been planned.
Please choose the option that substitutes <1>, <2>, <3> and <4>, respectively:
a) sales plan, master production plan, cost plan , sales and profit plan.
b) cost plan, sales plan, master production plan, sales and profit plan.
c) sales plan, master production plan, cost plan, sales and profit plan.
17. FI Certification Questions and Answers Test 1
d) sales plan, sales and profit plan, master production plan, cost plan
e) sales plan, master production plan, sales and profit plan, cost plan.
62. Consider the following processes that occur in R/3 system:
62.1. It has been generated a goods receipt for a purchase order.
62.2. It has been created an invoice receipt for a purchase order.
62.3. It has been posted an asset.
62.4. It has been created a SD billing document, with a valuated project stock.
62.5. It has been created a SD billing document with a Sales Order.
How can the profit center be determined for each case, respectively (Please choose the
correct option)?
a) indirectly, indirectly, indirectly, indirectly, indirectly.
b) dynamically, indirectly, indirectly, dynamically, indirectly.
c) dynamically, dynamically, dynamically, dynamically, indirectly.
d) indirectly, indirectly, dynamically, dynamically, indirectly.
e) indirectly, indirectly, indirectly, dynamically, indirectly.
63. What are the functions integrated in the Schedule Manager (Note: we can have
more than one correct sentence. Please select the sentences you think they are correct)?
a) Error correction and Restart.
b) Various ways for starting jobs.
c) Dependencies.
d) Documentation integrated into the system.
e) Uniform Error Analysis.
64. What are the advantages of using the Schedule Manager during the period-end
closing processes (Note: we can have more than one correct sentence. Please select the
sentences you think they are correct)?
a) Changes not recognized or active immediately.
b) Changes are immediately visible and effective.
18. FI Certification Questions and Answers Test 1
c) Access is available to everyone with authorization.
d) The system executes settlement.
e) Documentation ad flow for period-end closing are centrally integrated in the R/3 system.
65. What is the intention of a task list?
a) It is intended to group all work to be done.
b) It is intended to be restricted to the financial manager.
c) It is intended to make the user list the transaction codes.
d) It is intended only to collect several jobs.
e) It is intended to be self-documented.
66. What are the four task types (Note: we can have more than one correct sentence)?
a) Create transaction code.
b) Notes.
c) Transactions.
d) Programs with variant.
e) Flow definition.
67. What does the monitor provide (Note: we can have more than one correct sentence.
Please select the sentences you think they are correct)?
a) The access to messages and result lists.
b) The visualization of both entire technical and business information.
c) The opportunity to postpone someone's tasks.
d) The opportunity to view the work of colleagues and the processing sequence, as well as
the technical and business status of every task.
e) The ability to monitor the total progress of period-end closing when the user uses more
than one task list.
68. What do the flow definitions provide (Note: we can have more than one correct
sentence. Please select the sentences you think they are correct)?
19. FI Certification Questions and Answers Test 1
a) To define dependencies via external tools.
b) To execute it only when the system is online.
c) To define a fixed sequence of jobs that is integrated in the R/3 system.
d) To allow the user a way for changing period-end closing data.
e) To send mails to colleagues at defined times.
69. What does the Work list provide (Note: we can have more than one correct
sentence. Please select the sentences you think they are correct)?
a) Each jobs reads the relevant objects from the database, validates and process the objects
and after, posts the results to the database. This leads to an unnecessary sequential of
database accesses.
b) A chain can contain between four and ten steps.
c) It is only after all jobs are run that the system detects any object errors that occurred.
d) The selection report selects all objects from the database that are relevant for subsequent
jobs. The system creates a special place for every object.
e) A chain can contain any number of jobs.
70. Which program hides the old paths in the new general ledger
A. FANEWGL_ACTIVATION
B. RFAGL_SWAP_IMG_OLD
C. FANEWGL _SWAP_IMG_OLD
D. RFIGL_SWAP_IMG_OLD
71. What are the building blocks for the SAP Solution Management strategy (Please
choose the correct option)?
a) Safeguarding Management, Empowering Management, Solution Management
Optimization, Support Programs Management and Testing Management.
b) Global Strategy and Service Level Management, Business Process Management,
Management of mySAP technology, Software Change Management and Support Desk
Management.
c) Project Management, Blueprint Definition Management, Configuration Management,
20. FI Certification Questions and Answers Test 1
Customizing Synchronization Management and Testing Management.
d) Integrated Product Management, Project Monitoring and Control, Configuration
Management, Supplier Agreement Management and Organizational Effort Management.
e) Supply Chain Management, Customer Relationship Management, Strategic Enterprise
Management, Business Warehouse Management and Advanced Planner Optimizing.
72. SAP Solution Manager is (Note: we can have more than one correct sentence.
Please select the sentences you think they are correct):
a) a customer platform that enables representation and documentation of the entire SAP
documentation.
b) a platform that provides a single point of access into component systems for design,
configuration and testing activities.
c) a platform that provides with the Business Process Repository central access to the list of
predefined business scenarios, which serve as a starting point for identifying the project
scope to be implemented.
d) a platform that only enables component-oriented configuration and testing.
e) a platform that helps reducing the total costs of ownership (TCO).
73. What are the five phases of the Implementation Roadmap (Please choose the
correct option)?
a) Global Strategy, Business Process Management of mySAP technology, Development
Management, Software Change Management and Support Desk Management.
b) Project Preparation, Business Blueprint, Realization, Final Preparation and Go Live &
Support.
c) Integrated Product Management, Project Monitoring and Control, Configuration
Management, Supplier Agreement Management and Organizational Effort Management.
d) Supply Chain Management, Customer Relationship Management, Strategic Enterprise
Management, Business Warehouse Management and Advanced Planner Optimizing.
e) Transactions, Logical Component, Documentation, IMG Assignments and Test Cases.
21. FI Certification Questions and Answers Test 1
74. The SAP Solution Manager as the technical and operations infrastructure has some
components. What are they (Please choose the correct option)?
a) Operations, Solution Monitoring and Support.
b) Schedule Manager, Solution Manager and Solution Monitor.
c) Transactions, Logical Component, Documentation, IMG Assignments and Test Cases.
d) Project Preparation, Business Blueprint, Realization, Final Preparation and Go Live &
Support.
e) Workflow, SAP Notes search, SAP Notes assistant and interface to SAP Service
Marketplace to send Support Notifications.
75. Which of the following are types of selection variables for report variants?
a) Table variables from TVARV
b) Dynamic date calculation
c) Posting period.
d) Fiscal year.
76. Which of the following statement is correct?
A. A company code is not an organizational unit
B. A company code must use business areas
C. A company code can only be linked to one controlling area
D. A company code can have more than one operating Chart of Account
77. In SAP what is the document principle?
A. It determines the data flow between Financial Accounting and other
components of the SAP system
B. It is the set of documents FI is based on
C. It provides an unbroken audit trial from the financial statements to the
individual documents
D. It is used to count the number of documents used to during a posting in FI
78. In SAP FI which statements are correct for the chart of accounts?
A. It is possible to assign only two chart of accounts to a company code
B. This is a list of all G/L accounts used by one or several company codes
22. FI Certification Questions and Answers Test 1
C. For each G/L account, the chart of accounts contain the account number,
account name and the information that control how an account functions and
how a G/L account is created in a company code
D. It is possible to assign more than one chart of accounts to a company code
79. A company in the SAP structure is:
A. Used the same as a company code
B. A consolidation master record
C. Used to report structures in SAP
D. Used to accumulate company code data for more than one company code
80. Which of the following are structures of Chart of Accounts?
A. Operating chart of accounts
B. Standard chart of accounts
C. Optional chart of accounts
D. Country specific chart of accounts
E. Group chart of accounts
23. FI Certification Questions and Answers Test 1
Answers
1.A, C and D
Down payments, bills of exchange and other types are referred to as special general
ledger classes
2. C, D and E
Noted items are purely ‘reminders’. No zero balance check is made since no
assignments are made to offsetting accounts.
3. C and D
One workflow variant can be used for several company codes. It is possible to create
multilevel workflow sequences. Individual tasks can usually be assigned several
possible processors.
4. A, C and D
5. A, C. D and F
6. C
7. A, B, C, D and E
8. A and D
9. All of the above
10. A
24. FI Certification Questions and Answers Test 1
11. B
12. A, B and C
13. A, B and C
14. A, B and D
15. A and C
B and D are closing activities.
16. A, C and D
17. All of the above
18. All of the above
19. A, B and D
The Accrual Engine can be used for manual accruals in financial accounting, in
addition to the above
20A, B and D
21. A, B and C
22. C.
23. B and D. Other two are fields of company code data
24. A, B and C
25. All of the above
26. A and D
27. A, B and C
28. A, B and C
29. C
25. FI Certification Questions and Answers Test 1
30. A, B and C
31. C.
32. D.
33. D.
34. C.
35. A.
36. True or false:
36.1. True.
36.2. False. The TOTALS VALUE is only posted in the period in which it is entered. The
fiscal year total is the sum of all the period values. The FIXED VALUE is carried over from
the period in which it is entered to all subsequent periods of the same fiscal year. The fiscal
year total is an average of the period totals.
36.3. True.
36.4. False. SAP recommends that you create different number interval groups for CO actual
and plan transactions.
36.5. True. Validation has priority, or it is "stronger", than Substitution.
37. E.
38. C.
39. All of them
40. C.
41. C.
42. A, B and C
43. D.
44. A.
45. A, B and C
46. D.
47. C.
48. A, C and D.
49. All of the above
50. A, C, E.
51. A, C and D.
52. B, C and D
26. FI Certification Questions and Answers Test 1
53. D.
54. D.
55. E.
56. A, B and C.
57. A and C.
58. E.
59. C.
60. A.
61. E.
62. D.
When a goods receipt is created for a purchase order, the profit center is always
determined indirectly, according the profit center defined in the purchase order.
When a invoice receipt is created for a purchase order, the profit center is always determined
indirectly, according the profit center defined in the purchase order.
When an asset is posted, the profit center is always determined dynamically (Overhead Cost
Order OR Cost center of the asset).
When a SD billing document is created with a valuated project stock, the profit center is
determined dynamically from the WBS element contained in the actual SD billing
document.
When a SD billing document is created with a sales order, the profit center is always
determined indirectly, according the profit center defined in the sales order.
63. A, C, D, E.
Integrated functions in the Schedule Manager:
- Uniform Error Analysis;
- Uniform Start for Jobs;
- Error Correction and Restart;
- Dependencies;
- Communication;
- Documentation integrated into the system.
64. B, C, D, E.
65. A.
66. B, C, D, E.
67. A, B, D, E.
27. FI Certification Questions and Answers Test 1
68. C, E.
69. D, E.
70. B.
71. B.
72. A, B, C, E.
SAP Solution Manager enables process-oriented versus component-oriented
configuration and testing.
73. B.
74. A.
75. A and B
76. C
77. C
78. ABCD
79. B
80. A, D and E
Wish You All The Best