The document provides an overview of SAP's mySAP business suite and key financial accounting concepts and configurations in SAP. It discusses SAP's product strategy, the components of mySAP business suite, navigation and transactions in SAP, organizational structures like company codes and charts of accounts, master data including general ledger, customer, and vendor accounts, and basic accounting configurations including fiscal year variants, currencies, and exchange rates. It also addresses document principles, procurement processes, asset accounting, and consolidation requirements.

1. ACADEMY: FINANCIAL ACCOUNTING
FI PAPER – 15
mySAP Business Suite overview
1. What are the essentials of SAP’s product strategy ( in just a few words)
2. MySAP business suite contains the following: (Choose the right answers)
a. cross industry solutions
b. industry solutions
c. technology
d. services
3. SAP business object consists of
a. attributes
b. methods
c. attributes and methods
d. none of the above
4. what is long form of BAPI
5. BAPI is assigned to one and only one business object
a. true
b. false
6. what are the new dimension products of SAP in cooperative business scenario
7. what are two major elements of mySAP.com
Navigation
1. You can only work in one window (session) at a time in an SAP system
a. true
b. false
2. which of the following statements accurately describe a client in an SAP system
a. a client represents a completely independent business entity
b. a client has its own database
c. a client corresponds to a customer
d. a client may represent an entire company
3. the following strings are valid entries in the command field: Choose the correct
answers.
a. /nend
b. /nex
c. ?SM04
d. /nsm04
e. from SAP easy access: SM04
f. from SAP easy access: search_sap_menu
4. you can use the F1 key to
a. display an explanation of a field’s uses
b. display a list of possible input values
c. change your user data (e.g., the logon language)
d. end the session you are in
e. display detailed
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5. you can use the F4 key to
a. start another session
b. display detailed technical information on a program
c. call the SAP library
d. display possible entries for an input field
e. create a print request of the screen currently displayed
6. you can also call the context sensitive SAP library using the F1 key
a. true
b. false
7. the following personalization options are available in the SAP-GUI
a. you can change the font size (within limits)
b. you can have system messages displayed in a dialog box
c. you can change the size of input fields
d. you can suppress the display of pictures
e. every user can display a picture of their choice on the SAP easy access screen
f. you can use a personal input history on your front end
8. what is the maximum no. of parallel sessions that you can open
9. what is the name of the function you reach if you choose: tools  admn  monitor
 system monitoring  user overview? What transaction code could you use to call
this transaction instead of the menu
10. R/3 system contains
a. database server only
b. application server only
c. presentation server only
d. all of the above
11. all data and programs are contained in
a. application server
b. database server
c. none of the above
12. maximum no. of sessions a user can open when he logs on to SAP
a. one
b. three
c. five
d. six
13. what are the three servers of R/3 system
14. to delete the current session, what command is used
15. where you can find transaction code for the function you are working in
16. which key is used for help on fields, menus, function, messages
Overview of financial accounting
1. One chart of accounts
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3. ACADEMY: FINANCIAL ACCOUNTING
FI PAPER – 15
a. can be assigned to several company codes
b. can be defined as a group chart of accounts
c. only contains definitions of G/L accounts
d. can only be assigned to one company code
2. which statements are correct:
a. the field status tool bar controls the document type, the posting key and the
account no.
b. you can control the issue of document nos., via the account type
c. the tax rate and tax indicator are pre-set by SAP for each country
d. you can use the field status tool bar to control the characteristics of the
document fields
3. the length of G/L account no. should be mentioned in
a. G/L account groups
b. G/L account
c. Chart of accounts
d. None of the above
4. Which of these statements on document principle are correct
a. R/3 can assign the document nos. always
b. A business event can trigger only one document within R/3
c. Each business event creates an account document in R/3
d. R/3 will link related documents in the system
5. All FI entries will be repeated in CO module also
a. true
b. false
Basic settings
1. You can assign a business area to a company code directly
a. true
b. false
2. which of the predefined fiscal year variants are
a. calendar year
b. year specific
3. for what purposes are year specific fiscal year variants used
4. name the tools for maintaining the exchange rates
5. what keys are used to define currencies
6. name three commonly used exchange rate types and what they are used for
7. fiscal year can be
a. year dependent
b. year independent
c. both year dependent and year independent
8. fiscal year which is a calendar year can have
a. 12 normal periods
b. less than 12 normal periods
c. more than 12 normal periods
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9. shortened fiscal year can have
a. 12 periods
b. more than 12 periods
c. less than 12 periods
d. should have less than 12 periods
10. company code can have
a. one local currency only
b. two local currencies
c. any no. of local currencies
d. none of the above
11. which of the following is true
a. company can use indirect exchange rate only
b. company can use direct exchange rate only
c. company can use both indirect and direct exchange rates
12. which of the following is true in relation to SAP features
a. business areas are company code specific
b. business areas are assigned to company codes
c. business areas are used for reporting across company codes
d. none of the above
13. what is the highest level element of organizational units
14. what is the business unit where cost accounting is carried out in SAP
15. business areas are company dependent
a. true
b. false
16. how many characters does a company code have
17. one chart of accounts cannot be assigned to more than one company code
a. true
b. false
18. in case of non calendar fiscal year, annual displacement indicator is used
a. true
b. false
19.what are the two segments of a chart of accounts
20. which chart of accounts is used for consolidation
21. at what level is vendor account defined
22. more than one plant can be attached to a single company code
a. true
b. false
23. purchasing is done by what organization and for whom
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24. what are the three steps for standard procedure for procurement transactions in
FI
25. what is the central organizational structure in profitability analysis
26. one company code may contain several sales organizations
a. true
b. false
27. what document is created when receivables and revenues are posted in SD
module
28. what is the main criteria for defining asset
29. what areas are used to keep more than one valuation basis for depreciation
30. more than one cash journal can have the same cash account
a. true
b. false
31. what is the element other than document header in an FI document
32. document no. range can be both internal and external
a. true
b. false
33. in which case same document number will be taken for a new financial year
34. group chart of accounts is used for consolidation
a. true
b. false
35. at what level a vendor account is defined
36. more than one plant can be attached to a single company code
a. true
b. false
37. several company codes can use the same posting period variant
a. true
b. false
38. you can close a financial year even if you have parked documents
a. true
b. false
39. G/L account/posting keys contain further specifications for account assignment in
tax calculation procedure
a. true
b. false
40. what is a base amount
41. what does a tax code contain
42. reconciliation account type for vendor is K and for customer it is D
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a. true
b. false
43. if an account is managed with open items, then line item display must be
activated
a. true
b. false
44. in consolidation, to which are company codes and business areas attached
Master records
1. A G/L account consists of which segments
2. Name possible field status definitions in the order of their priority
3. Different company codes can use the same____________
4. The ________ controls the field display for the company code data in the G/L
account master record
5. __________ contain the total of the transaction figures for the corresponding sub
ledger groups
6. Reconciliation accounts are updated on a daily basis. a) true b) false
7. You can always display the line items of a G/L account a) true b) false
8. G/L accounts with open item management must have line item display activated
a) true b) false
9. G/L accounts that are managed in local currency can only be posted to in this
currency a) true b) false
10. G/L accounts that are managed in foreign currency can only be posted to in this
foreign currency a) true b) false
11. because company codes use different operational chart of accounts, you cannot
carry out cross company code controlling a) true b) false
12. a complete customer account consists of the following parts: _____________
13. a complete vendor account consists of the following parts: __________________
14. the customer/vendor accounts must always be maintained centrally a) true b)
false
15. one number range can only be assigned to one account group a) true b) false
16. _______ no. assignment means that the R/# system assigns the number
automatically
17. You maintain a customer/vendor master records ____________ if you create the FI
segments at the same time as the SD/MM segments
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18. G/L accounts have ________ no. assignment; customer / vendor master records
can have ________ or ________ no. assignment
19. the co. code data of a customer/vendor master record consists of _____ areas, viz:
______ (tab pages)
20. True / false
a. a G/L account consists of a chart of accounts and one or more company code
segments
b. the accounts group controls the screen layout of the chart of accounts
segment
c. all G/L accounts must carry a tax indicator
d. you can directly post to the reconciliation accounts
e. the account currency is stored in the chart of accounts segment
21. which statements regarding the bank master records are correct
a. the G/L account name of the house banks has to concur to the name in the
bank key directory
b. the name for the G/L account at the house bank is freely definable
c. the G/L account name of the house bank can contain the name of the bank
and the account no.
d. the G/L account name of the house bank is defined in chart of accounts
e. the G/L account names of the house bank can be defined to company code
that differ from the chart of account
22. the G/L account becomes complete if we
a. add company code segment to chart of accounts segment
b. create both company code segment and chart of segment
c. create chart of account
d. copy chart of account segment from other company code
23. if we are using same chart of account in more than one company code
a. company code segments are same in all company codes
b. account name and account number is the same in all company codes
c. currency in company code segment in all company codes are same
d. the group account number is different in all company codes
24. the appearance of the company code segment of a G/L account is based on
a. account group entered in the chart of account segment
b. group account number entered in chart of accounts segment
c. assignment of group chart of accounts in chart of accounts
d. none of the above
25. the appearance of an account master data is based on
a. account number
b. field status
c. chart of accounts
d. none of the above
26. creation of duplicate accounts in AP is prevented by using
a. match code before creating the new account
b. sensitive dual control
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8. ACADEMY: FINANCIAL ACCOUNTING
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c. switching on automatic duplication check
d. none of the above
27. retained earnings account is
a. specific to company code
b. specific to client
c. specific to chart of accounts
d. none of the above
28. which of the following is true
a. company code can have one retained earnings account only
b. company code can have more than one retained earnings account
c. chart of accounts can have more than one retained earnings account
d. chart of accounts can have on retained earnings only
e. none of the above
29. which of the following is true
a. account group controls the document field status
b. account group controls the number range
c. account group controls the master record field status
d. all of the above
30. which of the following statements are correct
a. the G/L account name for house banks must match the names given to the
house bank in the bank directory
b. the G/L account name for house banks are user definable
c. the G/L account names for house bank could be the bank name and account
no.
d. the G/L account names for house banks are defined in the bank directory
e. at company code level, G/L account names for house banks can be different
from those in chart of accounts
31. G/L master created is always for all company codes in R/3 a) true b) false
32. Currency is a required field entry while creating G/L master a) true b) false
33. We cannot control the postings in the G/L by way of tax code entry for a G/L
account a) true b) false
34. Tax codes are created and operated at country level a) true b) false
35. Tax codes are created at company code level a) true b) level
36. Tax codes are time dependent a) true b) false
37. Jurisdiction codes are not used at all while creating tax codes a) true b) false
38. In AP & AR, account group cannot be created with external number range a) true
b) false
39. Reconciliation account definitions are available in general data and vendor
master a) true b) false
40. chart of accounts view of G/L account keeps the data like general data a) true b)
false
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9. ACADEMY: FINANCIAL ACCOUNTING
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41. fiscal year variant can be of two types. Name them
42. in case of G/L accounts, number ranges are attached to G/L accounts. a) true b)
false
43, account groups are used to control following properties
a. field status of transaction field
b. field status of master fields
c. field status of master fields and number range
d. field status of master fields, number range and whether accounts are P&L /
B/S
44. you can post transactions to an account in any currency only if
a. account currency is not maintained
b. account currency is same as local currency of company code
c. account currency is different from company code currency
d. under all circumstances
45. planning levels in G/L accounts are used for
a. generating G/L planning
b. planning memo entries in treasury
c. classifying transactions pertaining to cash flow
d. classifying G/L accounts as per B/S format
46. you can carry forward P&L account balances to
a. multiple retained earnings accounts automatically
b. single retained earnings accounts automatically
c. multiple retained earnings accounts through period end closing
d. single retained earnings account through period end closing
47. default exchange rate picked up during FI document entry is
a. exchange rate maintained for type B
b. exchange rate maintained for type M
c. exchange rate maintained for type G
d. there is no default exchange rate type
48. you can clear open items only when they have same
a. business area, amount, opposite dr/cr indicator and same entry in fields that
are configured for auto clearing
b. amount, opposite dr/cr indicator
c. business area, opposite dr/cr indicator
d. amount, opposite dr/cr indicator and same entry
49. foreign currency valuations on G/L accounts are performed on following accounts
a. all accounts
b. all accounts managed on open item basis
c. all accounts managed on open item basis and all accounts with currency
different from local currency
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10. ACADEMY: FINANCIAL ACCOUNTING
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d. accounts managed on open item basis having foreign currency transactions
and all accounts with account currency different from local currency
50. you can display account balance of several related accounts through
a. account groups
b. sort key
c. worklists
d. totals variant
51. you run BA/PC adjustments for
a. balancing BA level B/S for inter BA transactions
b. balancing company code level B/S for inter company transactions
c. posting adjustment entries for changed reconciliation accounts
d. posting vendor/customer reclassification at BA level
52. fast entry screens in FI are used to enter
a. customer/vendor line items
b. G/L line items
c. C/V, G/L line items
d. Invoice receipt against GR
53. easily entered document entry templates are called
a. sample documents
b. account assignment models
c. work lists
d. recurring documents
54. Posting keys are used to decide
a. dr/cr indicator, field status of transaction screen, account types
b. dr/cr indicator, account types
c. dr/cr indicator, account types, field status of transaction screen, special G/L
applicability
d. dr/cr indicatgor, field status of transaction screen, special G/L applicability
55. how many parallel currencies are possible and at what level they are assigned
a. 2 local currencies, coa
b. 3 local currencies, coa
c. 2 local currencies, company code
d. 3 local currencies, company code
56. when you reverse a posted document, document number must be
a. internal
b. external
c. internal/external
d. manually assigned
57. financial statements can be generated in
a. local currency
b. document currency
c. chart of account currency
d. any currency for which customization is done
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Document control
1.what are the most important control functions of the document type
2. if the user assigns the document number manually, this is _______no. assignment
3. ________nos. may be alphanumeric
4. every company code may define its own document types a) true b) false
5. every company code may define its own document no. range a) true b) false
6. at the beginning of a new fiscal year, the system always starts the document no.
assignment again at the start of the no. range a) true b) false
7. document no. ranges must not overlap a) true b) false
8. how many no. ranges can be assigned to a document type simultaneously
9. what are the most important control functions of a posting key
10. name two elements that influence the field status of document fields
11. from following, state how the text field will be treated on document entry screen
a) if text is hidden per posting key, text optional as per field status group,
then _____ will be in document entry screen
b) if text is optional as per posting key, text is required as per field status
group, then it will be a ______ in document entry screen
c) if text is required as per posting key, text is hidden as per field status
group, then it will be an ______ in document entry screen
12. what are the standard posting keys for G/L account postings and on which side of
the account do they post to
13. posting keys are defined at client level a) true b) false
14. the _____ group controls the field display during document entry
15. each ______ has a field status group
16. the posting period variant is assigned to the ____________.
17. a posting period variant must contain at least one line with the entry
_____________
18. the account range in the posting period variant consists of ________
19. posting periods are opened and closed automatically a) true b) false
20. no more than two periods can be open at the same time a) true b) false
21. the authorization group in the posting period variant applies only to authorization
for posting in special periods a) true b) false
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12. ACADEMY: FINANCIAL ACCOUNTING
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22. which of the following statements are true, when you are considering major
controls of document types
a. the account types allowed for postings
b. the field status of header text and reference no.
c. posting keys
d. none of the above
23. which of the following statements are true
a. posting keys are defined at client level
b. account types allow line item postings based on posting key
c. field status definition ‘suppressed’ and ‘required’ can not be combined
d. field status groups are variant principle
24. which of the following are true if we are using the same posting period variant for
several company codes
a. opening and closing of periods to e done for each company code
b. we cannot use same posting period variant for several company codes
c. we can maintain different special periods for each company code
25. which of the following statements are true
a. we can open two period ranges during the time of closing process
b. based on the document date entry, system will determine the posting period
and fiscal year
c. if you display the balances of an account, the transaction figures for the
posting periods are displayed
26. when ever an FI entry is made, we want document header text is required to be
made mandatory. Customizing is available in account master and field status groups
a) true b) false
27. it is not possible to see document currency and company code currency at the
same time during document display option a) true b) false
28. document posting date, value date, base line date, system date, and due date in
the entry screen of customer/vendor invoice are same a) true b) false
29. it is possible to define standard translation method of foreign currency in the
posting key a) true b) false
30. system allows you to enter the date interval ‘from and to’ in case of foreign
currency translation rate a) true b) false
31. one no. range can be assigned to several document types a) true b) false
32. ________ and ________ are two elements of FI document
33. document no. range can internal and _________
34. in case of _________ no. range, same document no. will be taken for a new fiscal
year
35. one no. range can be assigned to several document types a) true b) false
36. one document type can have more than one no. range a) true b) false
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37. a field status within an FI document is controlled by three factors, viz.,
38. while posting a parked document, document no. is changed a) true b) false
Posting control
1. List some sources of values that are defaulted by the system for document entry
2. Name two possible ways to reverse a document
3. What are the two prerequisites that should be fulfilled in order to process the
negative postings
4. Credit memos can be linked to invoices to ensure that invoice and credit memos
are due on the same date a) true b) false
5. The day limits define the dates of cash discount periods a) true b) false
6. Every installment of an installment plan must have its own terms of payment a)
true b) false
7. terms of payment is a field in the ______ and _______ of the customer master record
8. the __________ is the date that the system uses to determine the due date of the
invoice
9. which cash discount accounts are used in the net procedure?
10. which cash discount accounts are used in the gross procedure?
11. name the two types of taxation that can be represented in the system
12. what data is required for the automatic account determination for tax amounts?
13. list two examples for cross company code transactions
14. a cross company code transaction consists of at least two documents a) true b)
false
15. tax amounts of across company code transaction are automatically distributed to
the company codes in which the expenses or revenues occurred a) true b) false
16. cross company code clearing accounts must be G/L accounts
17. the company code of a cross company code transaction may have different local
currencies
18. describe the components the system uses to create cross company code
transaction no.
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14. ACADEMY: FINANCIAL ACCOUNTING
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19. by mentioning base line date, cash discount periods and cash discount
percentage rate in payment terms system will calculate
a. due date of invoice and cash discount
b. due date only
c. cash discount only
d. none of the above
20.postings in a company code are done in G/L account of
a. consolidation coa
b. operative coa
c. country coa
d. all of the above
21. posting in a G/L account is controlled by
a. account group of the G/L account
b. field status group in the coa segment
c. field status group in the company code segment
d. all of the above
22. payment terms are company code dependent a) true b) false
23. it is not possible to calculate the due date on fixed dates like end of month with
days calculation a) true b) false
24. posting key is linked to field status in FI posting a) true b) false
25. negative posting is one method of document reversal a) true b) false
Clearing
1. name 2 basic transactions that you can use to clear open items
2. documents with open items cannot be archived because open items represent
incomplete transactions a) true b) false
3. a clearing document must have at least two line items a) true b) false
4. posting with clearing can be carried out for several accounts simultaneously a)
true b) false
5. the posting keys to be used in the clearing document are defined in ‘clearing
transactions’ a) true b) false
6. the automatic clearing program cannot carry out automatic postings a) true b)
false
7. clearing a credit memo with an open invoice is an example of __________
8. posting a payment for an open invoice with a resulting zero balance is an example
of ______
9. a _______ residual item clears the invoice and the payment to create a new open
item
10. a ______ results in the open invoice and the incoming payment remaining in the
customer account as open items
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11. the R/3 system generates the exchange rate differences automatically a) true b)
false
12. G/L accounts must be defined for exchange rate losses or gains a) true b) false
13. list the no. of ways the G/L account can be determined for exchange rate
differences
14. in processing open items (customer), you can
a. activate or deactivate open items
b. reverse the open items
c. activate or deactivate the cash discount
d. enter partial payments or residual items
15. using ‘account clearing’ function, choose a match those existing open items from
an account that balance to zero. The system marks them as cleared and creates a
clearing document. The clearing document no. and the clearing date is entered in the
cleared open items. The clearing date can be the current date or a date that the user
determines. State whether this statement is a) true b) false
16. the specification for permitted payment differences can be found in both types of
tolerance groups. They control the automatic posting of cash discount adjustments
and unauthorized deduction a) true b) false
17. all reconciliation accounts and all G/L accounts with open item transactions in
foreign currency must be assigned to the revenue/expense accounts for realized
losses and gains a) true b) false
18. clearing does not create any document in SAP a) true b) false
19. it is user defined where SAP will control open item selection a) true b) false
Special G/L transactions
1.all special G/L transactions are posted to G/L accounts a) true b) false
2. payment cannot be made by adjusting a special G/L transaction which is posted in
G/L a) true b) false
3. down payment creates another entry without any links to the original entry a) true
b) false
4. residual payment creates another entry keeping all entries open a) true b) false
5. it is not possible to create a due date for a down payment a) true b) false
6. SAP does not allow bill of exchange accounting a) true b) false
7. payment request clears the entries in AP/AR a) true b) false
Automatic payments
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1.List the five steps in the payment program
2. name the six areas into which the payment program configuration is divided
3. the _______ specify the accounts and documents that are to be included in the
payment run
4. the payment program needs the __________ to determine whether an open item has
to be paid now or in the next payment run
5. the sequence in which the payment methods are entered in the _________reflects
their priority
6. all the company codes in the payment run parameters must be in the same
country a) true b)false
7. a payment method can be used only if it is entered in the account master record
a)true b)false
8. the payment proposal can be edited, deleted and recreated as often as necessary
a)true b)false
9. the exception list is part of the payment proposal a) true b) false
10. in the payment process, automatic option to the users are
a. select open invoices to be paid or collected/post payment document
b. post payment documents/print print media
c. select open invoices to be paid/collected
d. post payment document
e. print print media
11. which of the following are true
a. any payment block can be removed in payment proposal edit
b. only line item payment block can be removed during payment proposal
c. items that cannot be paid are detailed in the exception list
12. which of these statements on payment program are correct
a. there are four steps in payment process i.e., parameters, proposal, program,
print
b. once the parameters have been specified, the print program is scheduled to
generate print media
13. every run of the payment program is identified by two fields
a. run date
b. identification
14. Which of the following statements are true
a. the run date is recommended to be the actual date when the program is
executed
b. the field ‘identification’ is used to run print program
15. which of the following statements are true (ref: print program-all codes area)
a. sending company code and paying company code are same always
b. by specifying vendor/customer/special G/L transaction to be paid, we can
process special G/L transaction only
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17. ACADEMY: FINANCIAL ACCOUNTING
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c. by activating payment method supplement, we can print and sort payments
16. which of the following statements are true? (ref: payment program-bank
determination area)
a. without ranking order, system will not process the payment
b. bank/payment method combination is must to define ranking order
c. without maintaining the value date in bank selection, system will not
process the payment
17. if we are using check management, which of the statements is true
a. define check lot in order to print checks
b. check lots are used only for automatic payments
18. all company codes in payment run parameters must be in same country a) true
b) false
19. a payment method can only be used if it is entered in the account master record
a) true b) false
20.the payment proposal can be edited, deleted and recreated as often as desired
a)true b)false
21. exception list is a part of payment proposal a) true b) false
22. SAP cannot automate the payment method entry into the vendor invoice screen
a)true b)false
23. partial payment creates another entry without any link to the original entry a)true
b) false
24. it is not possible to use two check series for making payment a) true b) false
25. it is not possible to void unused checks a) true b) false
26. reversal of void check is a standard functionality in SAP a) true b) false
27. it is not possible to show the check with a value range by a user a) true b) false
28. payment to anybody by passing a G/L entry without AP/AR is a standard
functionality of SAP a) true b) false
29. we cannot create manual checks for payment to business partners and update in
the system a) true b) false
30. bank statement entry into SAP does the auto clearing a) true b) false
31. through bank statement entry, we can make entries like bank debits for bank
charges, commission, etc. which will make a direct posting into G/L a) true b) false
32. payment to vendor of a specific bill cannot be blocked in SAP a) true b) false
17

18. ACADEMY: FINANCIAL ACCOUNTING
FI PAPER – 15
33. customer makes multiple check payments for one invoice and hands it over to
the company which is running with all modules of SAP. It is not possible to enter in
SAP by keeping all the check details and updating against an invoice a) true b) false
34. ____________ is the date from which the due date is derived
35. if customer invoice is created in SD, then payment terms from _________ segment
will be defaulted
Automatic dunning
1.list the four steps that have to be taken by the dunning program to perform the
automatic dunning procedure
2. customers without dunning procedure in the master record are dunned with a
default dunning procedure a)true b) false
3. if dunning areas are not used, dunning is performed at the company code level
a)true b)false
4. it is possible to dun vendors as well as customers a)true b)false
5. the ‘run date’ is always the date when a certain dunning run is supposed to be
started a) true b) false
6. the parameters specify the accounts and documents that are to be considered in
the dunning run a) true b) false
7. list some reasons why overdue items might not be dunned
8. the dunning proposal consists of several steps. List the main steps involved in
creating the dunning proposal
9. the payment terms of a credit memo usually do not apply and the due date is
either the due date of the associated invoice or the baseline date of the document a)
true b) false
10. every dunning procedure must have at least four dunning levels a) true b) false
11. an account is only dunned if all the over due items have exceeded the minimum
days in arrears a) true b) false
12. the dunning run updates the dunning data in the dunned items and accounts a)
true b)false
13. a dunning notice is only sent if the dunning data has changed since the last
dunning run, or if ‘always dun?’ is selected a) true b) false
14. after the dunning proposal has been created, changes to the dunning data in
items or master records are ignored in the current dunning run a) true b) false
15. the dunning proposal can be edited, deleted, and recreated as often as required
a) true b)false
16. one dunning form can be used for all dunning levels and dunning areas a) true b)
false
18

19. ACADEMY: FINANCIAL ACCOUNTING
FI PAPER – 15
17. the dunning text for dunning level 6 is stored in text module 616 a) true b) false
18. the last dunning level is equal to the legal dunning procedure a) true b) false
19. what is changed by the dunning run?
a. the date ‘last dunning run’ in the customer master record
b. the dunning level in the customer master record
c. the dunning level in the dunned document
d. the form specification in the customer master record for the next dunning
letter
e. the dunning procedure for the next dunning run in the customer master record
20.when running the dunning program
a. we can edit proposal
b. we cannot delete proposal
c. we can recreate the proposal until the dunning clerk is satisfied with result
d. after completing the dunning proposal list, dunning data is updated in master
records
21.which is true
a. one time accounts cannot be dunned
b. we can assign two dunning procedures to customer master records
c. dunning procedure can process only standard transaction
d. interest can be posted at the time of dunning
22.the maximum dunning level can be defined in the dunning procedure is
a. four
b. six
c. nine
23. an item whose days in arrears are smaller or identical to the grace period,
dunning program will consider the item for dunning a) true b) false
24. which of the following statements are false
a. we cannot specify per dunning level that interest is to be calculated
b. we cannot print a dunning notice in a legal dunning procedure, although no
further account movements have occurred
c. we can set a minimum amount for the dunning charges on each dunning level
25. what information does a dunning run change
a. date of last dunning run in the customer master record
b. the dunning level in the customer master record
c. the dunning level in document for which dunning notices are created
d. from (layout set) specifications in the customer master record for the text in
the next dunning letter
e. the dunning procedure in the customer master record for the next dunning run
Correspondence
1.it is possible to get the report of customers created by user in a company code
a)true b)false
Interest calculation
19

20. ACADEMY: FINANCIAL ACCOUNTING
FI PAPER – 15
1.account master data must contain an interest calculation indicator for interest
calculation to take place a)true b) false
2. on a give account, R/3 cannot calculate different interest rates based on the
amounts of balance or items a) true b) false
3. you can configure R/3 to calculate interest for customers or vendors that owe you
money. You cannot calculate interest, however, if you owe your business partner
money a) true b) false
4. name the two types of interest calculation in SAP R/3
5. what information do you need to create a new interest calculation indicator
6. which of these statements is true
a. we can calculate interest on G/L accounts under interest on arrears method
b. each interest id must be assigned to interest calculation type
Country specifics
1.name the three documents used in the payment process
2. what methods can you use to create checks? Name two ways of creating a check.
Can you name the check printing program?
3. you can void a check without reversing the payment document a) true b) false
4. you can void a check and reverse the payment document at the same time a)true
b)false
5. you can void a check and reverse the payment document and the vendor invoice
all at the same time a) true b) false
6. what is a lock box
7. what are payment advice notes used for in the lock box process in R/3
8. list the four statuses that a check can have
9. you have to maintain customer bank details manually in the master record to
ensure that as many incoming payments are assigned as possible
The financial statements
1.Two steps to define financial statement versions are
a. enter it in the directory of financial statement version
b. define hierarchy levels and assign accounts
2. a financial statement version consists of maximum nine hierarchy levels a) true b)
false
3. we cannot assign account group according to balance a) true b) false
4. drill down report is a tool that enables to analyze sub ledger transaction figures
only a) true b) false
20

21. ACADEMY: FINANCIAL ACCOUNTING
FI PAPER – 15
5. individual value adjustment for doubtful receivables are possible through
a. special G/L transactions
b. normal transactions
c. both of the above
6. to set up the financial statement version in your company, maximum limit is 9 a)
true b) false
7. it is a real problem in SAP – in financial statement version – we are not able to find
the G/L accounts which are not assigned a) true b) false
8. MIS reports based on financial books like ratios can be done through financial
statement version a) true b) false
21

22. ACADEMY: FINANCIAL ACCOUNTING
FI PAPER – 15
Receivables and Payables
1.the view maintained for vendor master data are
a. general data, company code data
b. general data, company code data, purchasing data
c. general data, company code data, business area data
d. general data, company code data, business area data, plant data
2. group key assigned to vendor master records control the following
a. it is a combination of up to three fields based on which open invoices are
selected for automatic payment
b. basis for grouping several vendors for balance display
c. basis for classifying vendors for standard reporting
d. it is a combination of up to three fields on which open invoices are selected for
manual payment
3. posting through a special ledger indicator affects
a. the main reconciliation account of vendor/customer
b. alternative reconciliation account mapped to the main reconciliation of
vendor/customer
c. alternative reconciliation account and main reconciliation account of
vendor/customer
d. offsetting entry to main reconciliation account of vendor/customer
4. check management with respect to outgoing payments is possible for open items
for
a. vendors
b. vendors and customers
c. vendors, customers and G/L accounts
d. vendors and G/L accounts
5. if you do not want to enter a document with provision for updating ledger on
approval from authorized officials, you can use following functionality
a. parked document
b. sample document
c. account assignment model
d. recurring document
6. accounting for down payment request involves
a. statistical items
b. parked items
c. noted items
d. regular items
7. business area is determined for accounting documents generated automatically
from logistics module based on
a. plant-division combination
b. plant-division-distribution channel combination
c. plant-sales area combination
d. plant-division combination and sales area
8. when you carry out regrouping through AR/AP, following activities are performed
a. reclassify where debtors have credit balance and vice versa
b. reclassify open items by remaining life
c. reclassify by changed reconciliation accounts
d. all of the above
22

23. ACADEMY: FINANCIAL ACCOUNTING
FI PAPER – 15
9. when you carry out automatic payment, bank through which payment is effected is
based on
a. ranking order of house banks
b. house banks maintained for specific business area
c. house banks entered in the parameters of the run
d. ranking order and available balance in the accounts
10. payment needs to be made against invoice with payment blocks created during
invoice verification. Payment block can be removed by
a. release block in MM
b. changing field entry from invoice document
c. by reallocating in payment proposal
d. cannot be removed
11. in SAP, a bill of exchange receivable item is cleared during
a. discounting the bill
b. transfer posting with clearing
c. reversal of contingent liability
d. clearing of outstanding advance from the customer
12. in which of the following processes do the original invoices remain as open items
a. residual payment
b. partial payment
c. charge off difference
d. distribute difference
13. what are the different account types in SAP
a. customer, vendor, G/L
b. customer, vendor, G/L, asset, material
c. customer, vendor
d. customer, vendor, asset
14. when several organizational units carry out dunning within a single company
code, SAP entity used to distinguish and control the process is called
a. dunning procedure
b. dunking key
c. dunning clerk
d. dunning area
15. if you do not want to dun beyond a particular level
a. use dunning key to limit the maximum level
b. use dunning block on vendor master
c. use dunning clerk to block dunning
d. use dunning block on the dunning procedure
16. if you want to choose a different set of fields in a vendor account line item
display, you choose a different
a. sort variant
b. totals variant
c. line layout
d. additional field
23

24. ACADEMY: FINANCIAL ACCOUNTING
FI PAPER – 15
Profit and loss
1.Foreign currency valuation is possible
a. only on vendor/customer open items
b. only on balance sheet items (G/L accounts)
c. both of the above
2. when we are valuating open items, without update for reversal of the adjustment-
posting after key date, user can define another posting date in place of key date + 1
a) true b) false
3. when we have regrouped the receivables/vendors, system carries out adjustment
postings a) true b) false
4. allocating costs to FI through external settlement – the G/L is updated on line / real
time a) true b) false
5. depreciation posting can be executed
a. through batch input session
b. direct FI postings
c. any one of the above
6. physical inventory is an MM/PP module transaction and hence no accounting entry
is passed in G/L but real stock is adjusted in MM/PP a) true b) false
24

25. ACADEMY: FINANCIAL ACCOUNTING
FI PAPER – 15
KEY
mySAP Business Suite overview
1. extend rather than replace
2. a,b,c,d
3. c
4. business application programming interface
5. false
6. BW, CRM, APO, B2B, SCM, KW
7. market place, work place
Navigation
1. false
2. a,d
3. a,b,d,e,f
4. a,e
5. d
6. true
7. a,b,d,f
8. between 2 and 6 sessions
9. the function is called user list; code is sm04
10. d
11. a,b
12. d
13. presentation server; application server; database server
14. /n
15. system_menu
16. F1
Overview of financial accounting
1. a,b,c
2. d
3. c
4. a,d
5. false
Basic settings
1. false
2. calendar year: 01, K1, K2, K3, K4; year specific: AA,AM,RI,UL,WK
3. I) if start and end date of posting periods differ from year to year; ii) if
one fiscal year has fewer posting periods than the other (shortened
fiscal year)
4. inversion, base currency, exchange rate spreads
5. currency keys
6. M-average rate for posting and clearing; G-buying rate; B-selling rate
7. a,b
8. a,b
9. c
10. a
11. a,b,c
12. c
13. client
14. controlling area
15. false
25

26. ACADEMY: FINANCIAL ACCOUNTING
FI PAPER – 15
16. four character
17. false
18. true
19. company code, coa
20. group
21. client
22. true
23. purchasing, plant
24. a. PO; b. GR; invoice verification
25. operating concern
26. true
27. billing
28. asset class
29. depreciation
30. true
31. document line items
32. external
33. year dependent
34. true
35. client
36. true
37. true
38. false
39. true
40. expense, revenue
41. tax rate
42. K,D
43. true
44. company, consolidated business area
Master records
1. coa segment, company code segment
2. hide, display, required entry, optional entry
3. chart of accounts
4. account group
5. reconciliation accounts
6. false
7. false
8. true
9. false
10. true
11. true
12. general data, co.code segment, sales area segment
13. general data, co.code segment, purchasing organization segment
14. false
15. false
16. internal
17. centrally
18. external; internal/external
19. four (accounting information, payment transactions, correspondence
and insurance (customer account) or withholding tax (vendor account)
20. a
21. b,c,d
22. a,b
23. b
26

27. ACADEMY: FINANCIAL ACCOUNTING
FI PAPER – 15
24. a
25. b
26. a,c,d
27. c
28. b,c
29. b,c
30. b,c
31. true
32. true
33. false
34. true
35. false
36. true
37. false
38. false
39. false
40. true
41. year dependent; year independent
42. true
43. c
44. b
45. c
46. c
47. b
48. a
49. d
50. c
51. a
52. b
53. b
54. c
55. d
56. a
57. d
Document control
1. no. ranges for document nos.; account types permitted for postings
2. external
3. external
4. false
5. true
6. false
7. true
8. you specify a no. range for each document type. One no. range can be
used for several document types
9. determination of which account type can be posted to; side of the
account (dr/cr); the field status of additional details
10. field status group, posting key
11. hidden; required entry; error
12. debit, posting key 40; credit, posting key 50
13. true
14. field status
15. G/L account
16. company code
17. valid for all accounts
27

28. ACADEMY: FINANCIAL ACCOUNTING
FI PAPER – 15
18. G/L accounts
19. false
20. false
21. false
22. a,b
23. a,b,c,d
24. all false
25. a, c
26. false
27. false
28. false
29. false
30. false
31. true
32. document header, line items
33. external
34. year dependent
35. true
36. false
37. ..
38. false
Posting control
1. user master records; parameter memory; system data; account master
record; accounting functions
2. normal reversal posting; reversal by negative posting
3. the company code must allow negative postings; the reversal reason
must be defined for negative posting
4. true
5. false
6. true
7. company code, sales area
8. base line date
9.
10. cash discount clearing account; cash discount loss account
11. cash discount revenue account; cash discount expense account
12. taxation at national level; taxation at regional/jurisdictional level
13. rules, posting key, tax accounts
14. central purchasing; central payment
15. true
16. false
17. false
18. true
19. the cross company code transaction no. is a combination of document
no. in 1st
company code, first company code no., and the fiscal year
20. a
21. b
22. false
23. false
24. true
25. true
Clearing
1. account clearing; post with clearing
2. true
28

29. ACADEMY: FINANCIAL ACCOUNTING
FI PAPER – 15
3. false
4. true
5. true
6. false
7. account clearing
8. posting with clearing
9. residual item
10. partial payment
11. true
12. true
13. a single G/L account can be used for all currencies and currency types;
a single G/L account can be used per currency and currency type; a
single G/L account can be used per currency; a single G/L account can
be used per currency type
14. a,c,d
15. true
16. true
17. true
18. false
19. true
Special G/L transactions
1. true
2. false
3. true
4. false
5. false
6. false
7. false
Automatic payments
1. maintain parameters; proposal run; editing proposal; payment run;
printing payment media
2. all company codes, paying company codes; payment method/country;
payment method/company code; bank selection; house banks
3. parameters
4. next posting date
6. payment parameters
7. false
8. true
9. true
10. a,b,c
11. a,b,c
12. a
13. a,b
14. a
15. b,c
16. b
17. a
18. true
19. false
20. true
21. true
22. false
23. true
29

30. ACADEMY: FINANCIAL ACCOUNTING
FI PAPER – 15
24. false
25. false
26. true
27. false
28. false
29. true
30. true
31. true
32. false
33. false
34. base line date
35. sales area
Automatic dunning
1. maintain parameters; proposal run; editing the dunning proposal;
printing dunning notices
2. false
3. true
4. true
5. false
6. true
7. account not contained in parameters; items are within grace period;
items/accounts blocked for dunning; overdue amount < min amount;
items can be cleared with overdue items on credit side; ….
8. account selection; line item dunning; account dunning
9. true
10. false
11. false
12. false
13. true
14. true
15. true
16. true
17. true
18. false
19. a,b,c
20. a,c
21. a,b
22. c
23. false
24. a,c
25. a,b,c
Correspondence
1. true
Interest calculation
2. true
3. false
4. true
5. account balance interest calculation; item interest calculation (interest
on arrears)
6. a 2-character interest indicator and an interest calculation type. A
name for the interest calculation indicator is useful but not mandatory
30

31. ACADEMY: FINANCIAL ACCOUNTING
FI PAPER – 15
7. b
Country specifics
1. vendor invoice; payment document; checks
2. manual check; auto payment program-RFFOUS_C or RFFOD_S
3. true
4. true
5. false
6. service provided by banks to speed up collection and
processing of incoming payments
7. they contain detailed information about an incoming payment.
Lock box program uses the information to clear open items on
the customer account
8. assigned; partially assigned; on account; not processed
9. false
The financial statements
1. a,b
2. false
3. true
4. false
5. a
6. false
7. false
8. false
Receivables and Payables
1. b
2. a
3. b
4. b
5. a
6. c
7. d
8. a,b,c,d
9. d
10. a
11. c
12. b
13. b
14. d
15. a
16. c
Profit and loss
1. a,b,c
2. true
3. true
4. true
5. a,b,c
6. false
31