Fico interview questions set 10

ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTING
FI PAPER: 10
1. Every company code can have the following combination of Chart of Accounts
(COA)
(Y) (N) One operating COA and one group COA and one alternate COA
(Y) (N) One operating COA and no group COA and one alternate COA
(Y) (N) One operating COA and one group COA and no alternate COA
(Y) (N) One operating COA and one alternate COA
(Y) (N) One operating COA and one group COA
(Y) (N) One operating COA and many group COA
(Y) (N) One operating COA and no group COA and no alternate COA
2. Each G/L Account in Group COA can be mapped to the following no. of account
code
in Operating COA
(Y) (N) Is mapped to Operating Chart of Account
(Y) (N) It is not mapped to Operating G/L Account Number
(Y) (N) Only one Operating G/L Account Number
(Y) (N) The relationship is many To one
3. Various Account Groups in one COA cannot consist of common G/L Account Codes.
(Y) (N)
4. Following fields form a part of COA segment of a general ledger account master
(Y) (N) Currency of the G/L Account
(Y) (N) Account Group of the Sub Ledger
(Y) (N) Field Status Group of the G/L Account
(Y) (N) Option to state whether it is a B/S or P&L Account Type
(Y) (N) G/L Account Name & Description
(Y) (N) Group Chart of Account
(Y) (N) House Bank of the G/L account
5. Each Account Code in a COA is automatically available for use to all company
codes
using that COA
(Y) (N)
6. Which of the following statements are true with respect G/L Number Ranges
(Y) (N) G/L Number Ranges are defined at Client Level
(Y) (N) Number Ranges of G/L Account Groups can overlap
(Y) (N) To G/L accounts can have the same number as long as they belong to
different Account Groups
7. Which of the following statements are true with respect to documents
(Y) (N) One document type can have more than one number range interval
(Y) (N) Different number range codes can have the same number range
intervals
(Y) (N) Document No. range are defined at chart of account level
8. Which of the following statements are true with respect to Account groups
(Y) (N) G/L & AR/AP Account groups are defined at Client level
(Y) (N) G/L & AR/AP Account groups are defined at company code level
(Y) (N) G/L Account groups are defined at the Chart of Account level
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FI PAPER: 10
9. Which of the following statements are false with respect to reconciliation account
(Y) (N) One Customer account can have many normal reconciliation accounts
(Y) (N) Reconciliation A/C can be used for direct accounting entries
(Y) (N) Reconciliation A/C are G/L Accounts
10. Which of the following statements are true with respect to account groups
(Y) (N) The Account Group is a required entry in the G/L COA Segment
(Y) (N) The Account Group is a required entry in the AR General Segment
(Y) (N) All the Account Groups of customers can have one common number
range
11. Which of the following statement is true with respect to customer account
(Y) (N) One customer can have different customer codes in various company
codes
(Y) (N) Company codes following the same chart of accounts must have the
same
reconciliation account for the same customer
(Y) (N) Various company codes can have different payment terms with one
customer
(Y) (N) Group Account Number is mandatory while entering a customer master
12. Which of the following statement is true
(Y) (N) For creation of vendor master account group is optional
(Y) (N) General Date Segment of the Vendor master can be used across
(Y) (N) company codes within a client
(Y) (N) Purchase organization segment of the same Vendor can be different for
different
company codes
13. Customer Master has the following Segments
(Y) (N) Chart of account segment
(Y) (N) General data segment
(Y) (N) Purchase Organization segment
(Y) (N) Accounting data (company code) segment
(Y) (N) Sales Area Segment
14. A Document is uniquely identified by a combination of
(Y) (N) Document Header /Posting key
(Y) (N) Posting Date/Document Number/Company Code
15. Which of the following statements are true
(Y) (N) Document Numbers can be alphanumeric
(Y) (N) Field Status of Transaction entry is Activity dependent & Account
dependent
(Y) (N) Document Type controls Field Status Group and G/L accounts that can
be used in the document.
(Y) (N) Document Types are defined at the Chart of Account Level
16. The relationship between House Banks and Account ID is the following
(Y) (N) One to One
(Y) (N) One to Many
(Y) (N) Many to Many
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FI PAPER: 10
17. Business Area once defined is available for use to
(Y) (N) All company codes where BA Financial Statements are enabled
(Y) (N) Only the company code to which BA is assigned to
18. A G/L account can be blocked for the following purposes
(Y) (N) From creating in company code
(Y) (N) From posting in all company codes
(Y) (N) From posting in selected company codes
(Y) (N) Cannot be blocked
(Y) (N) If blocked, is blocked for all the purposes in all the company codes
19. A different field status can be achieved for different actions such as creation of
account or change in master records.
(Y) (N)
20. Chart of Accounts is the list of G/L Account. A G/L account is ready for input if COA
is assigned to company code
(Y) (N)
21. The field “Field Status Variant” in the company code segment of the G/L Master
can be suppressed
(Y) (N)
22. Which of the following entities can be assigned numbers both internally &
externally
(Y) (N) G/L Account
(Y) (N) Vendor
(Y) (N) Customer
(Y) (N) Document Type
23. The chart of account is maintained at
(Y) (N) Group Level
(Y) (N) Company code Level
(Y) (N) Client Level
(Y) (N) Country Level
(Y) (N) Group Chart of Account Level
24. A document number range is assigned to each document type. Document
number
ranges are defined at company code level.
(Y) (N)
25. Which of the statements are correct
(Y) (N) A House Bank and Account ID can be linked to one bank key
(Y) (N) A House Bank and Account ID can be linked to many bank key
(Y) (N) Many House Banks and Many Account ID can be linked to one bankkey
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FI PAPER: 10
(Y) (N) A House Bank can contain many account Ids which are represented
through Individual bank account numbers
26. Filed status of the line item can be controlled through Posting Key & Filed Status
Group in G/L Account. Thus the Filed Status of “Amount” “Posting key” and “Account”
can be suppressed
(Y) (N)
27. Which of the following is/are true
(Y) (N) The bank key of your house bank cannot be the bank key of your
customer
(Y) (N) The bank key of your customer cannot be used as your house bank’s
bank key
(Y) (N) The bank key of your vendors may be same as your house bank’s bank
key
(Y) (N) The bank key of your customer is entered through customizing
28. You cannot make a financial entry if filed status variant is not assigned to
company code
(Y) (N)
29. The G/L account for a bank is linked to
(Y) (N) A House bank
(Y) (N) Many House banks
(Y) (N) One House Bank plus one Account ID
(Y) (N) One house Bank + multiple account IDs different House Banks
(Y) (N) One house Bank + multiple account IDs in the same bank
(Y) (N) Many house banks and many account Ids
30. One Bank Account is mapped in SAP
(Y) (N) Account ID
(Y) (N) House Bank
(Y) (N) Bank Key
(Y) (N) G/L Account
(Y) (N) Country + Bank Key
31. The G/L Account Number is controlled through
(Y) (N) In G/L Account group
(Y) (N) Chart of account
(Y) (N) Field Status
(Y) (N) None of the above
32. The G/L account becomes a complete G/L account
(Y) (N) If we have added the company code to the chart of account
(Y) (N) If we have created both company code segment and chart of account
segment
(Y) (N) If we have created chart of account
(Y) (N) If we have copied the chart of account segment from another company
code
33. If we are using the same chart of account in more than one company code
(Y) (N) The company code segments are same in all company codes
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FI PAPER: 10
(Y) (N) The account name and account number is the same in all company
codes
(Y) (N) The currency in the company code segment in all company codes is
the same
(Y) (N) The group account number & the alternate Account Number can be
different in all company codes
34. The appearance of the company code segment of G/L account is based on
(Y) (N) The Account Group of Customer if it’s a reconciliation account
(Y) (N) The Posting Key
(Y) (N) Account group entered in the chart of account segment
(Y) (N) Group account number entered in the chart of account segment
(Y) (N) The Field Status Group in the G/L Master Record
35. Creation of Duplicate Accounts in AP can be prevented
(Y) (N) By using the match code before creating the new account
(Y) (N) By using sensitive dual control
(Y) (N) By switching on automatic duplication check
36. Major controls of Document Type include
(Y) (N) The Account Types allowed for posting
(Y) (N) The field status of header “text” & “reference numbers”
(Y) (N) The Posting Period
(Y) (N) Posting Keys
37. Which of the following statements are true
(Y) (N) Posting Keys are defined at the client level
(Y) (N) The account types allowed in line item posting based on posting key
(Y) (N) The field status definition “suppressed” & “required” cannot be
combined
38. Which of the following are true if we are using the same posting period variant for
several companies codes
(Y) (N) The same fiscal year variant has to be used to use same posting period
variant
(Y) (N) While Opening & Closing of periods of all company codes can be done
together his can also be done separately for each company codes as
long as
the definition and number of posting periods is same.
(Y) (N) We can open two period ranges during the time of closing process
(Y) (N) Document entry date determines the posting period and fiscal year
(Y) (N) If you display the balances of an account the transaction figures of the
posting
period are displayed.
40. By mentioning the baseline date, cash discount periods and cash discount
percentage
rate in the payment terms system will
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FI PAPER: 10
(Y) (N) Post the due date of invoice while posting the invoice
(Y) (N) Calculate the due date of the invoice and cash discount
(Y) (N) Calculate Cash discount in the payment term
41. When using the account clearing function the system chooses and matches those
existing items from the account that balances to 0. The system marks them as
cleared
and creates a clearing document.
(Y) (N)
42.Which of the following statements is true
(Y) (N) We cannot have a separate cash journal for each currency
(Y) (N) Special G/L indicators use the subsidiary ledger master records but are
connected to the general ledger via alternative reconciliation account
(Y) (N) A Down payment request is a noted item. It does not change any
account
balances. You can dun and pay automatically using down payment
requests
43. The specifications of permitted payment differences can be found in both types of
tolerance
groups. They control the automatic posting of cash discount adjustments and
unauthorized deductions
(Y) (N)
44. In Document header the reference field and the document header text are
modifiable.
(Y) (N)
45. All Reconciliation accounts and all general ledger accounts with open item
transactions
in foreign currency must be assigned to the revenue/expense accounts for realized
losses and gains(Y) (N)
46. Terms of payment are defaulted from master records when you post a document.
Terms
of Payment cannot be assigned at the time of posting the document or Entered
manually
if they are not assigned to the master record
(Y) (N)
47. R/3 system contains
(Y) (N) Database server only
(Y) (N) Application server only
(Y) (N) Presentation server only
(Y) (N) All of the above
48. Maximum Number of sessions a users can open when he logs on to SAP
(Y) (N) One
(Y) (N) Two
(Y) (N) Six
(Y) (N) Ten
(Y) (N) “N”
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FI PAPER: 10
49. Fiscal Year can be
(Y) (N) Year Dependent
(Y) (N) Year Independent
(Y) (N) Year Dependent & Year Independent
50. Fiscal year which is calendar year can have
(Y) (N) 12 Normal periods
(Y) (N) Less than 12 Normal periods
(Y) (N) More than 12 Normal periods
(Y) (N) User defined
51. Company code can have
(Y) (N) One local currency only
(Y) (N) Two local currencies
(Y) (N) Any Number of Local currencies if they have been defined in the
system
52. Posting in a company code are done in the G/L Account of
(Y) (N) Consolidated (Group) Chart of account
(Y) (N) Operative Chart of Account
(Y) (N) Country (alternate) Chart of Account
53. Retained Earnings Account is
(Y) (N) Specific to the Company code
(Y) (N) Specific to the Client
(Y) (N) Specific to the Chart of Account
(Y) (N) Company can use indirect exchange rate only
(Y) (N) Company can use direct exchange rate only
(Y) (N) Company can use both direct & indirect exchange rate
(Y) (N) Business areas are company code specific
(Y) (N) Business areas are assigned to assigned to company codes
(Y) (N) Business areas are assigned to assigned to group
(Y) (N) Business areas are activated and used for reporting across company
codes
56. No Terms of payment are proposed when you post a credit memo, you can default
them
from original invoice by entering the document number in the invoice reference field
else
enter “V” in the invoice reference field so that terms of payment entered in credit
memo are valid.
(Y) (N)
57. Payments can be blocked in during posting, in the customer/vendor master record
or in terms of payment.
(Y) (N)
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FI PAPER: 10
58. A block key and payment method from payment term is defaulted in the line item
when payment term is used.
(Y) (N)
59. Posting in a G/L account is controlled by
(Y) (N) Account group for the G/L account
(Y) (N) The Activity Type for the document
(Y) (N) Field status group in the company code segment
60. Which of the following is true
(Y) (N) Chart of account can have more than one retained earning account
(Y) (N) Chart of account can have one retained earning account only
61. Which of the following is true
(Y) (N) Account group control the document field status
(Y) (N) Account group control the number range of G/L A/c
(Y) (N) Account group control the master record field status in AR/AP
62. The vendor master contains data at
(Y) (N) General, Company code and Purchasing organization level
(Y) (N) Chart of Account level, Company code & Purchasing organization level
(Y) (N) Chart of Account level, Company code & Sales organization level
(Y) (N) General, Company code and Sales organization level
63. Posting using the special G/L indicator updates
(Y) (N) Sub-ledgers only
(Y) (N) G/L account only
(Y) (N) Both Sub-ledger and G/L account
64. The document date
(Y) (N) Has to be same as the posting date
(Y) (N) Must be in the same period as the posting date
(Y) (N) Can be in any period independent of the posting date
65. Vendor invoice can be entered in
(Y) (N) FI module only
(Y) (N) MM module only
(Y) (N) FI & MM modules
(Y) (N) FI, MM & SD modules
66. When the automatic clearing program is executed the base documents are
(Y) (N) Parked & Cleared in the system
(Y) (N) Posted and Cleared in the system
(Y) (N) Posted and Archived in the system
(Y) (N) Cleared in the system
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FI PAPER: 10
67. You can enter terms of payment in the company code segment or sales
area/purchasing
organization segment. The payment term defaulted depend on where the invoice is
posted.
The system does not check if the two are the same.
(Y) (N)
68. Where can the vendor master be created
(Y) (N) Centrally only
(Y) (N) In the MM module only
(Y) (N) In the FI module only
(Y) (N) Any of the above
69. A residual item posting in the vendor’s account
(Y) (N) Generates a new line item
(Y) (N) Reduces the value in the original invoice line item
(Y) (N) Reverses the original line item
(Y) (N) Generates a parking document
70. What is the maximum possible digit length of an internally generated vendor
number
(Y) (N) 6
(Y) (N) 10
(Y) (N) 12
(Y) (N) 18
(Y) (N) No limits
71. House Bank Ids can be
(Y) (N) Alphabets only
(Y) (N) Numeric only
(Y) (N) Alpha-numeric only
72. Posting to an expense account normally needs
(Y) (N) A cost object assignment
(Y) (N) A revenue object assignment
(Y) (N) Either a cost or a revenue object assignment
(Y) (N) None of the above assignments
73. The customer master contains data at
(Y) (N) General, Company code and Purchasing organization level
(Y) (N) Chart of Account level, Company code & Purchasing organization level
(Y) (N) Chart of Account level, Company code & Sales organization level
(Y) (N) General, Company code and Sales organization level
74. When posting to a one time vendor or customer
(Y) (N) It is not possible to store the address details
(Y) (N) The address details have to be entered into the master before the
transaction is entered
(Y) (N) The address details are entered as part of the transaction
75. Which of the following sequence of creating a customer master account is
logically correct
(Y) (N) G/L, Bank, Customer
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FI PAPER: 10
(Y) (N) G/L, Customer, Bank
(Y) (N) Customer, G/L, Bank
76. A down payment request makes
(Y) (N) A noted item posting in the vendor account
(Y) (N) An actual entry in the customer account
(Y) (N) A noted item posting in the customer account
(Y) (N) An actual entry in the vendor account
(Y) (N) An actual entry in the G/L account
(Y) (N) A noted entry in the G/L account
77. Where can a customer master be created
(Y) (N) Centrally only
(Y) (N) In the SD module only
(Y) (N) In the FI module only
78. Incoming Payments
(Y) (N) Can post and clear vendor line items
(Y) (N) Can post and clear customer line items
(Y) (N) Can be cleared without posting
(Y) (N) Can be posted without clearing
(Y) (N) Can post, clear and reverse the base invoice
79. What is the maximum possible digit length of an internally generated customer
number
(Y) (N) 6
(Y) (N) 10
(Y) (N) 18
(Y) (N) 24
80. Which field on the customer master record controls whether we will accept an
incoming
payment for less than the amount invoiced
(Y) (N) Sort Key
(Y) (N) Tolerance Group
(Y) (N) Payment Term
(Y) (N) Payment Method
(Y) (N) Bank Key
81. What are the organizational entities for which the P&L and B/s can be generated
(Y) (N) Company Code & Business Area
(Y) (N) Company Code & Profit Center
(Y) (N) Company Code & Cost Center
(Y) (N) Profit Center & Business Area
(Y) (N) All the above
(Y) (N) One company code can use multiple chart of accounts
(Y) (N) One Chart of account can be used by multiple company codes
(Y) (N) One company code can use only one chart of accounts
(Y) (N) One chart of account can be used by only one company
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FI PAPER: 10
83. Which of the following fields can be changed in the document change mode
(Y) (N) Allocation
(Y) (N) Posting Date
(Y) (N) Document Date
(Y) (N) G/L Account Number
84. When a document is parked
(Y) (N) A temporary document number is generated and the document is not
posted
(Y) (N) The actual document number is generated and the document is not
posted
(Y) (N) The document is posted with a temporary document number
(Y) (N) The document is posted but can be reversed
85. What is the number of periods available in the calendar year
(Y) (N) 12
(Y) (N) 14
(Y) (N) 16
(Y) (N) 52
(Y) (N) 366
86. What is the maximum number of line items allowed in an accounting document
(Y) (N) 2
(Y) (N) 6
(Y) (N) 10
(Y) (N) 999
(Y) (N) One document type can use only one number range
(Y) (N) One document type can use multiple number ranges
(Y) (N) One number range cannot be used by multiple document types
88. What is the maximum possible length of a G/L account
(Y) (N) 6
(Y) (N) 10
(Y) (N) 18
(Y) (N) 999
89. The fields available for posting in a transaction are controlled through the field
status group at
(Y) (N) Posting key level only
(Y) (N) Posting key and G/L account level
(Y) (N) G/L account level only
90. A parked document can be
(Y) (N) Modified
(Y) (N) Deleted
(Y) (N) Posted
91. When is the business area level balance sheet self-balanced
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FI PAPER: 10
(Y) (N) Always
(Y) (N) It cannot be balanced
(Y) (N) When Business Area closing procedure is run
(Y) (N) When MM/PP/SD closing is completed
(Y) (N) Any accounting document can be reversed
(Y) (N) Only parked documents can be reversed
(Y) (N) Only cleared documents can be revered
(Y) (N) Once a document is posted it cannot be reversed
93. A transaction can span
(Y) (N) Multiple clients
(Y) (N) Multiple company codes
(Y) (N) Multiple business areas
(Y) (N) Multiple cost centers
(Y) (N) Only multiple company codes
94. The currency for a document is determined for
(Y) (N) The whole document
(Y) (N) Each line item
(Y) (N) Each Company code
95. The document currency
(Y) (N) Can be any currency
(Y) (N) Must be company code currency
(Y) (N) Must be same currency as the chart of account
(Y) (N) Must be the currency defined in the G/L master
96. The local currency of a transaction
(Y) (N) Can be entered by the user
(Y) (N) Is always the company code currency
(Y) (N) Is the currency of the chart of accounts
(Y) (N) Is determined by the country field in the customer/vendor master
97. What dictates whether a document line item requires a tax code
(Y) (N) Tax code in the vendor/customer master record
(Y) (N) Tax category in the G/L master
(Y) (N) Optional entry in every transaction
98. What sort key is used to sort line items by document currency amount
(Y) (N) 001
(Y) (N) 003
(Y) (N) 005
(Y) (N) 006
99. What is meant by the option open item management in the G/L account mater
record
(Y) (N) The items on the account are always open
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(Y) (N) The items on the account can never be cleared
(Y) (N) The items on the account can be cleared
(Y) (N) No balances are available for the account
100. What is meant by the option line item display in a G/L account master record
(Y) (N) Only the line items can be displayed
(Y) (N) Only balances can be displayed
(Y) (N) Line items and balances can be displayed
(Y) (N) Line items of reconciliation account are displayed
101. The sequence of business processes in MM can be described as
(Y) (N) Purchase requisition-MRP-Goods Receipt-Invoice-Payment
(Y) (N) Purchase requisition-Purchase order-Goods Receipt-Invoice
verification-Vendor Payment
(Y) (N) Purchase requisition-Purchase order-Invoice verification-
Vendor Payment
(Y) (N) Purchase requisition-Purchase order-Goods Receipt-Invoice
verification-Discount from Vendor-Vendor payment
102. It is must to create company code before any transaction processing in SAP
(Y) (N) True
(Y) (N) False
(Y) (N) Can’t Say
103. It is must to create company code before any transaction processing in SAP
(Y) (N) True
(Y) (N) False
(Y) (N) Can’t Say
104. Company codes & Business Area are legal entity for which you create B/s
(Y) (N) True
(Y) (N) False
(Y) (N) Can’t Say
105. Group is the highest level organization unit in R/3
(Y) (N) True
(Y) (N) False
(Y) (N) Can’t Say
106. The user specific defaults are possible if setting is done in
(Y) (N) User profile
(Y) (N) Company code parameters
(Y) (N) Session managers
(Y) (N) Terminal
107. Variant creation helps
(Y) (N) Calculating variance between actual & standard
(Y) (N) Processing repetitive transactions
(Y) (N) To copy repetitive field values in master creation
(Y) (N) To be standard selection criteria for repetitive use required to run
program
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108. Association between numbers from Group chart of account and country chart of
account can be established in
(Y) (N) Company code global parameters
(Y) (N) Master data of ledger a/c in operating chart of account
(Y) (N) Group company details
(Y) (N) Country details
109. For every transaction in SAP, system generates at least
(Y) (N) 4 documents
(Y) (N) 3 documents
(Y) (N) 2 documents
(Y) (N) 1 document
110. Document in SAP have the following sections
(Y) (N) Document Title & Line Items
(Y) (N) Document Header & Line Items
(Y) (N) Master Data & Transaction Data
111. Document Type is assigned to the Line Item section of document
(Y) (N) True
(Y) (N) False
(Y) (N) Can’t Say
112. Number Range ID is assigned to account type
(Y) (N) Document Type
(Y) (N) Account type
(Y) (N) Document Header
(Y) (N) Line Item
113. Document type allows more than one account types while processing the
particular document type
(Y) (N)
114. Following are account types
(Y) (N) A D M K S
(Y) (N) C D A M K
(Y) (N) S D M K T
(Y) (N) A D S K E
115. Document Numbers Can be
(Y) (N) System Generated
(Y) (N) User Defined
(Y) (N) Either System generated or User defined
(Y) (N) Can be created externally and internally at the same time
116. Posting key determines
(Y) (N) Account groups to which account numbers belong
(Y) (N) Debit/Credit, Account type and Field Status of the transaction
(Y) (N) Debit/Credit, Account group and Field Status of the transaction
(Y) (N) Debit/Credit, Account type and Field Status Group
(Y) (N) Debit/Credit, Document type & Field Status of the transaction
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117. Only one company code can be attached to posting period variant
(Y) (N) True
(Y) (N) False
(Y) (N) Can’t Say
118. Account type essentially controls
(Y) (N) Account type which can be assigned to the account code
(Y) (N) Which account – G/L, Customer, Vendor, Material or Asset can
be used in the line item of transaction posting
(Y) (N) Whether it has to be debit/credit posting
(Y) (N) Document type that can be sued
119. Account Group in context of G/L account determines status of fields in
(Y) (N) Transaction
(Y) (N) Chart of Account Segment
(Y) (N) Company Code Segment
(Y) (N) Does not control field status
120. For Negative posting, negative posting indicator needs to be checked
(Y) (N) In document type
(Y) (N) In company code global parameters
(Y) (N) In Reason Code properties
(Y) (N) In document type & company code global parameters
(Y) (N) In document type & Reason Code
(Y) (N) In document type & company code global parameters & reason code
121. Terms of payment can be assigned in
(Y) (N) G/L Master
(Y) (N) Customer or Vendor Master
(Y) (N) Transaction processing of Customer & Vendor Master
122.Baseline date is
(Y) (N) A date on which payment becomes due
(Y) (N) From which due date is calculated depending on the setting in
payment terms
(Y) (N) A base date after which document lapses
123. Due Date and cash discounts are dependent on
(Y) (N) Settings in company code
(Y) (N) Credit Management settings
(Y) (N) Payment Terms
(Y) (N) Payment Method
124. Currency assigned to company code master is
(Y) (N) Transaction currency
(Y) (N) Group currency
15

FI PAPER: 10
(Y) (N) Local currency
125. Dunning process is used
(Y) (N) To make outgoing payments and clear documents
(Y) (N) To remind customers/vendor of account arrears
(Y) (N) To remit payments
126. Opening and closing of posting period is done
(Y) (N) In the customization of fiscal year
(Y) (N) In Special posting period
(Y) (N) In the Last normal posting period
(Y) (N) In customization related to opening and closing of posting period
(Y) (N) While defining posting period variant
127. Updating of Reconciliation account
(Y) (N) Happens at the end of the posting period
(Y) (N) Is run time update
(Y) (N) Happens only when closing a period
(Y) (N) Can be scheduled by the users
128. Posting key is defined at
(Y) (N) Document level
(Y) (N) Chart of Account Level
129. Document Type is defined at
(Y) (N) Document level
(Y) (N) Chart of Account Level
130. The Standard posting key used for G/L postings
(Y) (N) 40
(Y) (N) 19
(Y) (N) 39
(Y) (N) 31
(Y) (N) 1
(Y) (N) 50
131. In case of cross company code transactions
(Y) (N) One has to post two documents individually
(Y) (N) Posts document in once company and the system generates another
document in concerned company with common link of cross company
code transaction number
(Y) (N) System links documents based on user given number in cross-
company
code transaction field
16

Fico interview questions set 10

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