Sunday, May 8, 2011

SAP FI Certification paper -1

1. Which of these statements on document principles are correct?
R/3 can assign the document numbers always


A business event triggers only one document within R/3


Each business event creates an accounting document within R/3


R/3 will link related documents in the system

2. In the payment process, automatic options to the users are
select open invoices to be paid/collected, post payment document


post payment documents/print payment media


select open invoices to be paid or collected, post payment document, print payment media

3. Which of the following are true.
any payment block can be removed in payment proposal edit


only line item payment block is removed during the payment proposal


items that cannot be paid are detailed in the exception list

4. Which of these statements on payment program are correct
there are four steps in payment process, viz., parameters, proposal, program, print


once the parameters have been specified, the print program is scheduled to generate payment media

5. Every run of the payment program is identified by two fields
run date


identification

6. Which of the following statements are true
The run date is recommended to be the actual date when the program is executed


The field identification is used to run print program

7. Which of the following statements are correct
the G/L account name for house banks must match the names given to the house bank in the bank directory


the G/L account names for house banks are user definable


the G/L account names for house banks could be the bank name and account number


the G/L account names for house banks are defined in bank directory


at company code level, G/L account names for house banks can be different from those in chart of account

8. Which of the following statements are true in respect to payment program configuration in all codes area
sending company code and paying company code are same always


by specifying the vendor/customer special G/L transaction to be paid, we can process specified special G/L transaction only


by activating payment method supplement, we can print and sort payments





9. Which of the statements are true in respect to configuration of payment program bank determination area
without ranking order, system will not process the payment


bank/payment method combination is must to define ranking order


without maintaining the value date in bank selection, system will not process the payment

10. If we are using check management, which of the statements is true
define check lots in order to print checks


check lots are used only for automatic payments

11. True/false
all company codes in the payment run parameters must be in the same country


a payment method can only be used if it is entered in the account master record


the payment proposal can only be edited, deleted and recreated as often as desired


the exception list is a part of the payment proposal

12. When running the dunning program
we can edit proposal


we cannot delete the proposal


we can recreate the proposal until the dunning clerk is satisfied with the result


after completing the dunning proposal list, dunning data is updated in master records

13. Which of the following statements are true
one time accounts cannot be dunned


we can assign two dunning procedures to customer master records


dunning procedure can process only standard transactions


interest can be posted at the time of dunning

14. The maximum dunning level can be defined in the dunning procedure is
four


six


nine

15. An item whose days in arrears are smaller or identical to the grace periods, dunning program will consider for the dunning notice. TRUE/FALSE

16. Which of the following statements are false
we cannot specify per dunning level that interest is to be calculated


we cannot print a dunning notice in a legal dunning procedure, although no further account movements have occurred


we can set a minimum amount for the dunning charges on each dunning level

17. What information does a dunning run change?
the date of the last dunning run in the customer master record


the dunning level in the customer master record


the dunning level in documents for which dunning notices are created


from (layout set) specifications in the customer master record for the text in the next dunning letter


the dunning procedure in the customer master record for the next dunning run



18. Which of these statements are true
we can calculate interest on G/L accounts under interest on arrears method


each interest id must be assigned on interest calculation type

19. Two steps to define financial statement versions are
enter it in the directory of financial statement version


define hierarchy levels and assign accounts

20. Which of the following statements are true
a financial statement version consist of maximum 9 hierarchy levels


we cannot assign account group according to balance


drill down report is a tool that enables to analyze sub ledger transaction figures only

21. Individual value adjustment for doubtful receivables are possible
through special G/L transactions


through normal transactions


both of the above

22. Foreign currency valuation is possible
only vendor/customer open items


only balance sheet items


both of the above

23. Which of the statements are true
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


when we have regrouped the receivables/vendors, system carries out adjustment postings


allocating costs to financial accounting through external settlement, the G/L is updated online/realtime

24. Depreciation posting can be executed
through batch input session


direct FI postings


any one of the above

25. To set up the financial statement version in your company, maximum limit is 9. TRUE/FALSE





KEY - T (True), F (False)

  1. A-T, B-F, C-F, D-T
  2. A-T, B-T, C-T
  3. A-T, B-T, C-T
  4. A-T, B-F
  5. A-T, B-T
  6. A-T, B-F
  7. A-F, B-T, C-T, D-F, E-F
  8. A-F, B-T, C-T
  9. A-F, B-T, C-F
  10. A-T, B-F
  11. A-T, B-F, C-T, D-T
  12. A-T, B-F, C-T, D-F
  13. A-F, B-F, C-F, D-F
  14. A-F, B-F, C-T
  15. FALSE
  16. A-F, B-F, C-T
  17. A-T, B-T, C-T, D-F, E-F
  18. A-F, B-T
  19. A-T, B-T
  20. A-F, B-T, C-F
  21. A-T, B-F, C-F
  22. A-T, B-T, C-T
  23. A-T, B-T, C-T
  24. A-T, B-T, C-T
  25. FALSE

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