ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTING

1. The length of G/L account number should be mentioned ina. G/L account groupsb. G/L accountc. Chart of accountsd. None of the above

2. The G/L account becomes a complete G/L accounta. if we have added the company code segment to chart of account segmentb. if we have created both company code segment and chart of accountsegment centrallyc. if we have created chart of accountd. if we have copied the chart of account segment from other company code

3. If we are using the same chart of account in more than one company codea. the company code segments are same in all company codesb. the account name and account number is the same in all company codesc. the currency in company code segment in all company codes is the samed. the group account number is different in all company codes

4. The appearance of the company code segment of a G/L account is based ona. account group entered in the chart of account segmentb. group account number entered in chart of account segmentc. assignment of group chart of account in chart of accountd. none of the above

5. The appearance of an account master data is based ona. account numberb. field statusc. chart of accountd. none of the above

6. Creation of duplicate accounts in A/P can be prevented by usinga. the match code before creating the new accountb. sensitive dual controlc. switching on automatic duplication checkd. none of the above

7. Which of the following statements are true, when you are considering the majorcontrols of document typesa. the account types allowed for postingsb. the field status of head text and reference numberc. posting keysd. none of the above

8. Which of the following statements are truea. posting keys are defined at client levelb. account types allow line item postings based on the posting keyc. field status definition ‘suppressed’ and ‘required’ cannot be combinedd. field status groups are examples of variant principle

9. Which of the following are true if we are using the same posting period variant forseveral company codesa. opening and closing of periods to be done for each company codeb. we cannot use the same posting period variant for several company codesc. we can maintain different special periods for each company code

10. Which of the following statements are truea. we can open two period ranges during the time of closing processb. based on the document date entry, system will determine the posting periodand fiscal yearc. if you display the balances of an account, the transaction figures for theposting periods are displayed

11. By mentioning the base line date, cash discount periods, and cash discountpercentage rate in payment terms, system will calculatea. due date of the invoice and cash discountb. due date onlyc. cash discount onlyd. none of the above

12. Using the account clearing function, choose and match those existing open itemsfrom an account that balance to zero. The system marks them as cleared and createsa clearing document. The clearing document number and the clearing date is enteredin the cleared open items. The clearing date can be the current date or a date thatthe user determines.State whether this statement is true or false

13. Which of the following statements are truea. we cannot have separate cash journal for each currencyb. special general ledger indicators use the subsidiary ledger master records butare connected to the general ledger via alternative reconciliation accountsc. a down payment request is a noted item. It does not change any accountbalances. You can dun and pay automatically on the basis of down paymentrequests

14. The specifications for permitted payment differences can be found in both typesof tolerance groups. They control the automatic posting of cash discount adjustmentsand unauthorized deductions.State whether this statement is true or false

15. All reconciliation accounts and all general ledger accounts with open itemtransactions in foreign currency must be assigned to the revenue/expense accountsfor realized losses and gains.State whether this statement is true or false

16. R/3 system containsa. data base server onlyb. application server onlyc. presentation server onlyd. all of the above

17. All data and programs are contained ina. application serverb. database serverc. none of the above

18. SAP business object consists ofa. attributesb. methodsc. attributes and methodsd. none of the above

19. Maximum number of sessions a user can open when he logs on to SAPa. oneb. threec. fived. six

20. Fiscal year can bea. year dependentb. year independentc. both year dependent and year independent

21. Fiscal year which is a calendar year can havea. 12 normal periodsb. less than 12 normal periodsc. more than 12 normal periods

22. Shortened fiscal year can havea. 12 periodsb. more than 12 periodsc. less than 12 periodsd. should have less than 12 periods

23. Company code can havea. one local currency onlyb. two local currenciesc. any no. of local currenciesd. none of the above

24. Postings in a company code are done in G/L account ofa. consolidation chart of accountsb. operative chart of accountsc. country chart of accountsd. all of the above

25. Retained earnings account isa. specific to company codeb. specific to clientc. specific to chart of accountsd. none of the above

26. Which of the following statements is true a. )company can use indirect exchange rate onlyb. company use direct exchange rate onlyc. company can use both direct and indirect exchange rates

27. State which of the following is true in relation to SAP featuresa. business areas are company code specificb. business areas are assigned to company codesc. business areas are used for reporting across company codesd. none of the above

28. Posting in a G/L account is controlled bya. account group of the G/L accountb. field status group in the chart of accounts segment

c. field status group in the company code segmentd. all of the above

29. Which of the following is truea. company code can have one retained earnings account onlyb. company code can have more than one retained earnings accountc. chart of accounts can have more than one retained earnings accountd. chart of accounts can have one retained earnings account onlye. none of the above

30. Which of the following is truea. account group controls the document field statusb. account group controls the number range of G/L accountsc. account group controls the master record field statusd. all of the above

31. Which of the following are correct with respect to your G/L account house banknamea. the g/l account house bank name shall be the same as in the bank directoryb. the g/l account house bank name need not be the same as the bank’s name inthe bank directoryc. the g/l account house bank name is user-definabled. the g/l account house bank name is defined at the chart of account levele. the g/l account house bank name is modifiable at the company code segmentof the chart of accounts

32. Your house bank number cannot be set to be defaulted from house bank keyState whether this statement is true or false

33. The G/L account for a bank is linked toa. a house bankb. many house banksc. one house bank p0lus one account idd. one house bank plus multiple account ids in the same banke. many house banks and many account ids

34. One bank account is mapped in SAP toa. account idb. house bankc. bank keyd. G/L accounte. Country plus bank key

KEY 1. C

2. A

3. B

4. A

5. D (ACCOUNT GROUP)

6. A, C

7. A, B

8. A, C, D

9. A-F, B-F, C-F

10. A-T, B-F, C-T

11. A

12. T

13. A-F, B-T, C-T

14. T

15. T

16. D

17. A,B

18. C

19. D

20. C

21. A

22. D

23. A

24. B

25. C 26.C 27.C 28.C 29.B,C 30.C 31.A-F,B-T,C-T,D-T,E-F 32.T 33 A,C 34.A,B

1. Every company code can have following combinations as chart of accounts (COA)a. one operating COA and many group COAsb. many operating COAs and one group and one alternate CoAc. one operating COA and one alternate COAd. one operating, one group and one alternate COA

2. Each G/L account code in group COA can be mapped to following no. of accountcodes in operating COAa. only one account codeb. maximum three account codesc. many account codesd. it cannot be mapped

3. Each account code in alternate COA can be mapped to following no. of accountcodes in operating COAa. only one account codeb. maximum three account codesc. many account codesd. it cannot be mapped

4. Various account groups in one COA cannot consist of common G/L account codes.TRUE/FALSE5. Following fields form part of the chart of account segment of a general ledgeraccount mastera. account currencyb. account groupc. field status groupd. option to state whether it is a balance sheet or profit and loss type account

6. Each account code in a chart of accounts is automatically available for use to allcompany codes using that chart of account TRUE/FALSE

7. Which of the following statements are always truea. one document type can have more than one no. range intervalb. different no. range codes can have same no. range intervals in respect ofdocumentsc. more than one document type can have same no. range intervalsd. document no. ranges are defined at client level

8. Which of the following statements are falsea. account groups are defined at client levelb. account groups are defined for a company codec. account groups are defined at COA leveld. account groups are defined for a combination of COA and company code

9. Which of the following statements are falsea. one customer/vendor account can have many reconciliation accountsb. reconciliation account can be used for the purpose of direct accounting entriesby usersc. all the account groups of customers can have one common no. ranged. one account group of vendors can have up to three no. ranges

10. Which of the following statements are truea. one customer can have different customer codes in various company codesb. one customer can have different reconciliation accounts in various companycodesc. various company codes can have different payment terms with one customerd. chart of account segment is mandatory while entering a customer master

11. Which of the following statements are truea. for creation of vendor master, account group is not requiredb. a vendor master cannot be created in the absence of a company code

12. Customer master has following segmentsa. chart of account segmentb. general data segmentc. purchase organization segmentd. accounting data segmente. sales organization data segment

13. A document is uniquely identified bya. document no.b. company codec. fiscal yeard. document datee. perioda and e; a and b; a, b and c; a,d,e; a,b,e

14. Which of the following statements are correcta. document nos. can be alphanumericb. Field status for a transaction entry is transaction dependent and accountdependentc. Document type controls posting key, field status group, and gl accounts thatcan be used in the documentd. Document types are specific to a company code

15. The relationship between house bank and account id is the followinga. one to oneb. one to manyc. many to oned. many to manye. no relationship

16. Business area once defined is available for use toa. all company codes in the clientb. all company codes in all the clientsc. only to the company codes to which the business area is assigned tod. all company codes assigned to the company to which the business area isassigned

17. If a general ledger account is defined using a sample account, following data isreferenced from the sample accounta. the control data in COA segmentb. only company code segment datac. only account control and account management data in company codesegmentd. entire master data

18. While creating a sample account, following information may be entereda. only company code segment data

b. only COA segment datac. both COA segment and company code segment datad. only account control and account management data from company codesegmente. only control data of COA segment

19. A G/L account can be blocked for the following purposesa. from creating in company codesb. from posting in all company codesc. from posting in selected company codesd. cannot be blocked at alle. if blocked, is blocked for all the purposes in all the company codes

20. A different field status can be achieved for different actions such as creation ofaccount or change in master record, etc. TRUE/FALSE

21. Customer and vendors are defined in SAP at following levela. at company code levelb. at client levelc. at controlling area leveld. at company level

22. Which of the following is true in terms of vendor and customer mastera. various account groups can have same no. rangeb. one no. range can be allotted only to one account groupc. one account group can have only one no. ranged. one account group can have either external or internal numbering systeme. one account group can have one internal and one external numbering system

23. A customer account can be blocked for the following purposesa. from creating in company codesb. from posting in all company codesc. from posting in selected company codesd. cannot be blocked at alle. if blocked, is blocked for all the purposes in all the company codes

24. Changes in customer or vendor master are tracked and can be seen in SAP.TRUE/FALSE

1. C,D2. C3. A4. T5. B,D6. T7. A-F,B-F,C-T,D-F8. A-F,B-F,C-T,D-F9. A-F,B-F,C-T,D-F10. A-F,B-T,C-T,D-F11. A-F,B-T12. B,E13. C14. A-T,B-T,C-F,D-F15. A,B16. A

17. B18. C19. A,B,C20. T21. B22. A,C,D23. B,C24. T4

1. Every company code can have following combinations as chart of accounts (COA)a. one operating COA and many group COAsb. many operating COAs and one group and one alternate CoAc. one operating COA and one alternate COAd. one operating, one group and one alternate COA

2. Each G/L account code in group COA can be mapped to following no. of accountcodes in operating COAa. only one account codeb. maximum three account codesc. many account codesd. it cannot be mapped

3. Each account code in alternate COA can be mapped to following no. of accountcodes in operating COAa. only one account codeb. maximum three account codesc. many account codesd. it cannot be mapped

4. Various account groups in one COA cannot consist of common G/L account codes.TRUE/FALSE

5. Following fields form part of the chart of account segment of a general ledgeraccount mastera. account currencyb. account groupc. field status groupd. option to state whether it is a balance sheet or profit and loss type account

6. Each account code in a chart of accounts is automatically available for use to allcompany codes using that chart of account TRUE/FALSE

7. Which of the following statements are always truea. one document type can have more than one no. range intervalb. different no. range codes can have same no. range intervals in respect ofdocumentsc. more than one document type can have same no. range intervalsd. document no. ranges are defined at client level

8. Which of the following statements are falsea. account groups are defined at client levelb. account groups are defined for a company codec. account groups are defined at COA leveld. account groups are defined for a combination of COA and company code

9. Which of the following statements are false

a. one customer/vendor account can have many reconciliation accountsb. reconciliation account can be used for the purpose of direct accounting entriesby usersc. all the account groups of customers can have one common no. ranged. one account group of vendors can have up to three no. ranges

10. Which of the following statements are truea. one customer can have different customer codes in various company codesb. one customer can have different reconciliation accounts in various companycodesc. various company codes can have different payment terms with one customerd. chart of account segment is mandatory while entering a customer master

11. Which of the following statements are truea. for creation of vendor master, account group is not requiredb. a vendor master cannot be created in the absence of a company code

12. Customer master has following segmentsa. chart of account segmentb. general data segmentc. purchase organization segmentd. accounting data segmente. sales organization data segment

13. A document is uniquely identified bya. document no.b. company codec. fiscal yeard. document datee. perioda and e; a and b; a, b and c; a,d,e; a,b,e

14. Which of the following statements are correcta. document nos. can be alphanumericb. Field status for a transaction entry is transaction dependent and accountdependentc. Document type controls posting key, field status group, and gl accounts thatcan be used in the documentd. Document types are specific to a company code

15. The relationship between house bank and account id is the followinga. one to oneb. one to manyc. many to oned. many to manye. no relationship

16. Business area once defined is available for use toa. all company codes in the clientb. all company codes in all the clientsc. only to the company codes to which the business area is assigned tod. all company codes assigned to the company to which the business area isassigned

17. If a general ledger account is defined using a sample account, following data isreferenced from the sample accounta. the control data in COA segmentb. only company code segment data

c. only account control and account management data in company codesegmentd. entire master data

18. While creating a sample account, following information may be entereda. only company code segment datab. only COA segment datac. both COA segment and company code segment datad. only account control and account management data from company codesegmente. only control data of COA segment19. A G/L account can be blocked for the following purposesa. from creating in company codesb. from posting in all company codesc. from posting in selected company codesd. cannot be blocked at alle. if blocked, is blocked for all the purposes in all the company codes

20. A different field status can be achieved for different actions such as creation ofaccount or change in master record, etc. TRUE/FALSE

21. Customer and vendors are defined in SAP at following levela. at company code levelb. at client levelc. at controlling area leveld. at company level

22. Which of the following is true in terms of vendor and customer mastera. various account groups can have same no. rangeb. one no. range can be allotted only to one account groupc. one account group can have only one no. ranged. one account group can have either external or internal numbering systeme. one account group can have one internal and one external numbering system

23. A customer account can be blocked for the following purposesa. from creating in company codesb. from posting in all company codesc. from posting in selected company codesd. cannot be blocked at alle. if blocked, is blocked for all the purposes in all the company codes

24. Changes in customer or vendor master are tracked and can be seen in SAP.TRUE/FALSE

KEY1. C,D2. C3. A4. T5. B,D6. T7. A-F,B-F,C-T,D-F8. A-F,B-F,C-T,D-F9. A-F,B-F,C-T,D-F10. A-F,B-T,C-T,D-F11. A-F,B-T12. B,E13. C

14. A-T,B-T,C-F,D-F15. A,B16. A17. B18. C19. A,B,C20. T21. B22. A,C,D23. B,C24. T

ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTINGPAPER: 41. Account groups are used to control the following propertiesa. field status of transaction fieldsb. field status of master fieldsc. field status of master fields and number ranged. field status of master fields, number range and whether accounts are p&L otB/S2. You can post transactions to an account in any currency only ifa. account currency is not maintainedb. account currency is same as local currency of the company codec. account currency is different from company code currencyd. under all circumstances3. You can carry forward P&L account balances toa. Multiple retained earnings accounts, automaticallyb. Single retained earnings account, automaticallyc. Multiple retained earnings accounts, through period end processingd. Single retained earnings accounts, through period end processing4. Default exchange rate picked up during FI document isa. 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 type5. You can clear open items only when they have samea. business area, amount, opposite dr/cr indicator and same entry in fields thatare configured for automatic clearingb. amount, opposite dr/cr indicatorc. business area, amount and opposite dr/cr indicatord. amount, opposite dr/cr indicator and same entry in fields that are configuredfor automatic clearing6. Foreign currency valuations on G/L accounts are performed on the followingaccountsa. all accountsb. all accounts managed on open item basisc. all accounts managed on open item basis and all accounts with accountcurrency different from local currencyd. accounts managed on open item basis having foreign currency transactionsand all accounts with account currency different from local currency7. You can display account balances of several related accounts througha. account groupsb. sort keyc. worklistsd. totals variant

1ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTINGPAPER: 48. You run BA/PC adjustments fora. balancing BA level balance sheet for inter business area transactionsb. balancing company code level balance sheet for inter company transactionsc. posting adjustment entries for changed reconciliation accountsd. posting vendor/customer reclassification at business area level9. Fast entry screens in FI are used to entera. customer and vendor line itemsb. G/L line itemsc. G/L, customer and vendor line itemsd. Invoice receipt against GR10. Easily entered document entry templates are calleda. sample documentb. account assignment modelsc. worklistsd. recurring documents11. Posting keys are used to decidea. dr/cr indicator, field status of transaction screen, account typesb. dr/cr indicator, account typesc. dr/cr indicator, field status of transaction screen, account types, special G/Lapplicabilityd. dr/cr indicator, field status of transaction screen12. How many parallel currencies are possible and at what level they are assigned?a. 2 local currencies, chart of accountb. 3 local currencies, chart of accountc. 2 local currencies, company coded. 3 local currencies, company code13. Cross company code transactions are carried out between company codes 0001and 0002 in the year 1999. The accounting document created for 0001 is9800005210 and that for 0002 is 9800004236. This is created from company code0001. The cross company code number generated isa. 000198000052100001b. 980000423600020001c. 9800005210000199d. 980000423600029914. When you reverse a posted document, the document number must bea. internalb. externalc. internal or externald. manually assigned15. Financial statements can be generated ina. local currencyb. document currencyc. controlling area currencyd. any currency for which customization is maintained2ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTINGPAPER: 416. The views maintained for vendor master data area. general data, company code datab. general data, company code data, purchasing datac. general data, company code data, business area datad. general data, company code data, business area data, plant data17. Group key assigned to vendor master records control the followinga. it is a combination of up to three fields based on which open invoices areselected for automatic payment

b. basis for grouping several vendors for balance displayc. basis for classifying vendors for standard reportingd. it is a combination of up to three fields based on which open invoices areselected for manual payment18. Posting through a special ledger indicator affectsa. the main reconciliation account of the vendor or customerb. the alternative reconciliation account mapped to the main reconciliationaccount of the vendor/customerc. the alternative reconciliation account and the main reconciliation account ofthe vendor/customerd. offsetting entry to the main reconciliation account of the vendor/customer19. Check management with relation to outgoing payments is possible for open itemsfora. vendorsb. vendors and customersc. vendors, customers and G/L accountsd. vendors and G/L accounts20. If you do not want to enter a document with provision for updating the ledger onapproval from authorized officials, you use the following functionalitya. parked documentb. sample documentc. account assignment modeld. recurring document21. Accounting for down payment request involvesa. statistical itemsb. parked itemsc. noted itemsd. regular items22. Business area is determined for accounting documents generated automaticallyfrom logistics modules are on the basis ofa. plant-division combinationb. plant-division-distribution channel combinationc. plant-sales area combinationd. plant-division combination and sales area23. When you carry out regrouping through AR or AP, the following activities areperformed3ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTINGPAPER: 4a. reclassify where debtors have credit balance and vice versab. reclassify open items by remaining lifec. reclassify by changed reconciliation accountsd. all of the above24. When you carry out automatic payment, bank through which payment is effectedis based ona. ranking order of house banksb. house banks maintained for specific business areasc. house banks entered in the parameters of the rund. ranking order and available balance in the accounts25. Payment needs to be made against invoices with payment blocks created duringinvoice verification. Payment block can be removed bya. release block in MMb. changing the field entry from the invoice documentc. by reallocating in the payment proposald. cannot be removed26. In SAP, a bill of exchange receivable items is cleared duringa. discounting the billb. transfer posting with clearing

c. reversal of contingent liabilityd. clearing against outstanding advances from the customers27. In which of the following processes do the original invoices remain as open itemsa. residual paymentb. partial paymentc. charge off differenced. distribute difference28. How do you assign credit terms while drawing a bill of exchange on yourcustomer?a. by assigning payment terms to bill of exchange itemb. by assigning due date to the bill of exchange itemc. by assigning payment term to invoice itemd. by assigning due date to invoice item29. GR/IR account is managed on open item basis, and the indicator balance in LConly is ticked. During a GR, it is credited with $100 (exchange rae USD:INR = 1:40).At the time of invoice receipt, exchange rate is Rs.41 = $1, Uf ckearubg fir $100 isdone for the GR/IR account, what is the foreign currency exchange rate posting?a. cr Rs.100b. dr Rs.100c. cr $100d. no exchange rate posting30. What are the different account types in SAP?a. customer, vendor, GLb. customer, vendor, GL, asset, materialc. customer, vendord. customer, vendor, asset4ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTINGPAPER: 431. When several organizational units carry out dunning within a single companycode, the SAP entity used to distinguish and control the process is calleda. dunning procedureb. dunning keyc. dunning clerkd. dunning area32. If you do not want to dun a vendor beyond a particular levela. use dunning key to limit the maximum levelb. use dunning block on the vendor masterc. use dunning clerk to block dunningd. use dunning block on the dunning procedure33. If you want to chose a different set of fields in a vendor account line item display,you choose a differenta. sort variantb. totals variantc. line layoutd. additional fields5ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTINGPAPER: 4KEY1. C2. B3. C4. B5. A6. D7. C8. A

9. B10. B11. C12. D13. C14. A15. D16. B17. A18. B19. B20. A21. C22. D23. D24. D25. A26. C27. B28. B29. D30. B31. D32. A33. C6ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTINGFI PAPER: 5Please read the questions carefully. More than one choice could be correct in somequestions. Specific hints have not been given. Please tick mark the correct choices.Mark ‘T’ of ‘F’ for true or false choices respectively.1. Which of the following statements are correct with respect to business areaa. one business area can be used for many company codesb. business areas must be assigned to company code in the IMGc. they are used for internal P&L and balance sheetsd. a company code can have many business areas2. Which of the following statements are correcta. a plant is assigned to only one company codeb. a company code must be assigned to one chart of accounts onlyc. a chart of accounts can be assigned to multiple company codesd. a plant can be assigned to many company codes3. What are true with respect to business areaa. a company code can have many6. business areasb. a business area can be across company codesc. use of business area is not optional in R/3 systemd. balance sheets and profit and loss statements can be drawn up for businessareas4. Which of the following statements may be false with respect to a business areaa. the use of business area is optionalb. a company code can have many business areasc. business area balance sheet will always balanced. none of the above5. The standard delivery clients in a R/3 system area. client 000, 001 and 002b. testing client 777 and training client 999c. client 001, 000,002 and training client 999d. client 000 and 001e. client 001, 000 , testing client 777 and training 999

6. What are all the possible meanings of the word ‘client’ that have been useda. a customer implementing R/3 systemb. an individual PC in which batch inputs are done for uploading to SAP at a laterdatec. the highest technical entity in R/3d. the data servere. the front end presentation PC which interacts with SAP system7. The three tier in R/3 system is represented bya. client, customer and applicationb. data, user and applicationc. user, data base, programsd. presentation client, R/3 application and data basee. application, data base and customer of R/38. The entity in R/3 to provide financial statements and results at the lowest level isa. company1ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTINGFI PAPER: 5b. company codec. controlling aread. plante. enterprise controlling9. Which of the following statements is always false with respect to a company codea. a company code can have many plantsb. a company code can have many companiesc. a company code can be linked to only one controlling aread. a company code need not be linked to an operating concerne. a company code can have many sales organizations10. Which of the following statements are always truea. a sales organization can be assigned to only one company codeb. a company can have many company codesc. a company must be linked to a controlling aread. a company code must always be assigned to a companye. an operating concern can indirectly contain only one company code11. Which of the following entities are optional to implement the core financialmodule of R/3a. operating concernb. controlling areac. business aread. plante. company code12. The menu hierarchy in standard R/3 system isa. main menu, application menu and task menub. main menu, sub menu, task menu and help menuc. system menu, application menu and help menud. main menu, application menu and help menue. client menu, application menu and user menu13. For a user with two user ids to the same SAP R/3 client, the maximum no. ofsessions that could be open area. sixb. ninec. twelved. eighteene. twenty four14. The order of fields as they appear during the log on to an R/3 system isa. client, user id, passwordb. language, client id, passwordc. client, user id, password, language

d. user id, client, password, language15. Which of the following is not seen by the user normally in the status bar of theSAP screena. client number/idb. session number2ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTINGFI PAPER: 5c. data server name/idd. user id/namee. information, error, and warming messages16. A user has multiple sessions open and when open of the session is closed by theusera. the system does not automatically save the data/information of the sessionbeing closedb. system always prompts for saving the data in the session being closedc. system always automatically saves the data/information of the session beingclosed without prompting’d. system prompts for saving the dta of the session being closed at the time ofuser log-off from the system17. Which of the following entities cannot be directly assigned to a company codea. companyb. business areac. controlling aread. functional areae. financial management area18. ABAP stands fora. advances in business applications programmingb. applications in business and advanced programc. advanced business applications programmingd. advanced business for advanced programe. advantage in business applications programming19. The configuration of the R/3 is done througha. the implementation guideb. the implementation assistantc. business navigatord. business engineere. sessions manager20. The ASAP CD containsa. the implementation guideb. implementation assistantc. concept check toold. business navigatore. Q&A Db21. Which of the following statements are true regarding ASAP – project preparationphasea. the business blueprint document must be preparedb. enterprise scope area document must e prepared for initial project planningc. project plan must be preparedd. the project kick off meeting is very essential to involve all the key users andproject team members to communicate the objectives and mission of theprojecte. technical requirements planning must be taken up3ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTINGFI PAPER: 522. Which of the following are true with respect business blueprint phasea. when customer inputs are updated on the Q&A db, there is a direct automatic

updation of the IMG for the business processes/components in scope to becustomizedb. when the business processes are identified and updated in the system, a listof activities to be taken up in IMG for customization is generatedc. the standard reference model of R/3 system cannot be directly accessed fromthe Q&A dbd. business blueprint document shall be generated23. Which of the following statements re true with respect to testing and qualityreviews as recommended by SAPa. he volume and stress test must be conducted on the same system in whichuser training is doneb. testing a tool which avoids retrospective changes and acts as an early warningsystem to correct the customization of business processesc. the power (key) users shall not be involved in the testing process as it wouldhinder timely completion of the activityd. there must be quality control of the first four stages before the ‘go-live’ phasee. external consultants must always carry out quality control24. What are the three data types in SAPa. master data, transaction data, and balance datab. master data, table data, and user datac. master data, table data, and transaction datad. table data, user data and transaction datae. master data, table data and server data25. Various company codes access a controlling area should havea. same currencyb. same fiscal year variantc. same chart of accountsd. same controlling organization structure4ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTINGFI PAPER: 5KEY1. A-T, B-F, C-T, D-T2. A-T, B-F, C-T, D-T3. A-T, B-T, C-F, D-T4. A-F, B-F, C-F, D-F5. A-F, B-F, C-F, D-T, E-F6. A-F, B-F, C-T, D-F, E-F7. A-F, B-F, C-F, D-T, E-F8. B9. B10. B11. C,D12. A13. C14. C15. .16. A17. B,D18. C19. A20. B,C,E21. B,C,D,E22. B,D23. B,C,D24. C25. C5

ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTINGFI PAPER: 6TRUE/FALSE in SAP R/31. While parking a document, a temporary document number is created2. When we cancel/delete the parked document, another number is created3. Number range in FI are at company code level strictly and year dependant4. Which of the following are correct: a) resetting of cleared items creates moreentries in the system; b) resetting of cleared items reinstates the originalentries and clears the clearing entry; c) resetting of cleared entries will not doanything; d) for reversal of check payment document with clearing, resettingis a must5. We cannot create G/L account only for chart of accounts, implying there is nocompany code data.6. GR/IR clearing has to be done only manually7. SAP can pay only to vendors8. Payment advice is a note of approval and cannot be used in payment ofvendors9. Credit management in SAP always refers to one customer, and has got noseparate master data of amount limits10. Creating of bank master is always at a country level11. If the address of a company code needs to be changed, then, a) one needs togo to enterprise structure and at definitions, change the address; b) one hasto go financial accounting global settings, and change the address; c) oneneeds to go to financial accounting – company code – global parameters, andchange the address12. Is it possible to book a vendor invoice – 30% due in 30 days, 50% due in 15days and 20% after a year?13. Customer wants some standard texts to be maintained and noted which willbe selected b y the users while entering G/L line items. Is it possible to givethis option in SAP?14. Customer wants a warning message to be given to all users, when they postto previous year at the year-end. Is it possible?15. In India, a Gujarat surcharge is passed at central level and is customized. Butthe condition was that it is valid only up to 31-3-2002. Is it possible tocustomize this?16. As per customer requirements, different document types were created. Nowhe wants to get it automated while doing transactions like invoice and creditmemo for vendor and customer. Is it possible?17. Bank has debited the cash credit account interest and mentioned same in thebank statement. Can it be posted through bank reconciliation statement entryor does it need a separate journal entry to be passed?18. SAP first posts to G/L, and then to sub ledgers1ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTINGFI PAPER: 6KEY1. F2. F3. F4. A-F, B-T, C-F, D-T5. F6. F7. F8. F9. F10. F11. A-FC B-F, C-T12. T

13. T14. T15. T16. T17. T18. F2ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTINGFI PAPER: 6TRUE/FALSE in SAP R/31. While parking a document, a temporary document number is created2. When we cancel/delete the parked document, another number is created3. Number range in FI are at company code level strictly and year dependant4. Which of the following are correct: a) resetting of cleared items creates moreentries in the system; b) resetting of cleared items reinstates the originalentries and clears the clearing entry; c) resetting of cleared entries will not doanything; d) for reversal of check payment document with clearing, resettingis a must5. We cannot create G/L account only for chart of accounts, implying there is nocompany code data.6. GR/IR clearing has to be done only manually7. SAP can pay only to vendors8. Payment advice is a note of approval and cannot be used in payment ofvendors9. Credit management in SAP always refers to one customer, and has got noseparate master data of amount limits10. Creating of bank master is always at a country level11. If the address of a company code needs to be changed, then, a) one needs togo to enterprise structure and at definitions, change the address; b) one hasto go financial accounting global settings, and change the address; c) oneneeds to go to financial accounting – company code – global parameters, andchange the address12. Is it possible to book a vendor invoice – 30% due in 30 days, 50% due in 15days and 20% after a year?13. Customer wants some standard texts to be maintained and noted which willbe selected b y the users while entering G/L line items. Is it possible to givethis option in SAP?14. Customer wants a warning message to be given to all users, when they postto previous year at the year-end. Is it possible?15. In India, a Gujarat surcharge is passed at central level and is customized. Butthe condition was that it is valid only up to 31-3-2002. Is it possible tocustomize this?16. As per customer requirements, different document types were created. Nowhe wants to get it automated while doing transactions like invoice and creditmemo for vendor and customer. Is it possible?17. Bank has debited the cash credit account interest and mentioned same in thebank statement. Can it be posted through bank reconciliation statement entryor does it need a separate journal entry to be passed?18. SAP first posts to G/L, and then to sub ledgers1ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTINGFI PAPER: 6KEY1. F2. F3. F4. A-F, B-T, C-F, D-T5. F

6. F7. F8. F9. F10. F11. A-FC B-F, C-T12. T13. T14. T15. T16. T17. T18. F2ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTINGFI PAPER: 71. What are the three elements (servers) of R/3 system?2. All the data and programs are stored in_____________ server in R/33. What is long form of BAPI?4. BAPI is assigned to one and only one business object. TRUE/FALSE5. What are the five milestones in ASAP methodology?6. What are the new dimension products of SAP in cooperative businessscenario?7. What are the two major elements of mySAP.com?8. To delete the current session, _______________ command is used9. You can find transaction code for the function you are working in under________ option of __________ menu10. ________ key is used for help on fields, menus, functions, messages11. User specific settings are done in ____________ option of ___________ menu12. Highest level element of all organizational units is the _________13. _______________ area is business unit where cost accounting is carried out inSAP14. Business areas are company code dependent. TRUE/FALSE15. Company code is ____ character __________16. One chart of account cannot be assigned to more than one company code.TRUE/FALSE17. Fiscal year variant can be of two types. Name them18. In case of non-calendar fiscal year, annual displacement indicator is used.TRUE/FALSE19. ___________ & ________ are two segments of a chart of account20. In case of G/L account, number ranges are attached to G/L account.TRUE/FALSE21. _________ chart of accounts is used for consolidation22. Vendor account is defined at _________ level23. More than one plants can be attached to a single company code. TRUE/FALSE24. Purchasing is done by ____________ organization for a ___________25. What are the three steps for standard procedure for posting procurementtransactions in FI?26. _____________ is central organizational structure in profitability analysis27. One company code may contain several sales organizations. TRUE/FALSE28. Receivables and revenues are posted when ___________ document is created insales and distribution module29. ____________ is the main criteria for defining an asset30. ____________ are used to keep more than one valuation basis for depreciation31. More than one cash journal can have the same cash account TRUE/FALSE32. ______________________ are two elements of an SAP FI document33. Document number range can be ____________ and __________34. In case of ___________ number range, same document number will be taken for

new fiscal year35. One number range can be assigned to several document types. TRUE/FALSE36. One document type can have more than one number range. TRUE/FALSE37. Posting keys are defined at __________level38. A field status within an FI document is controlled by three factors. Name them.39. Several company codes can use the same posting period variant. TRUE/FALSE40. ___________ is the date from which the due date is derived41. If customer invoice is created in SD, then payment terms from __________segment will be defaulted42. ____________ posting is one of the methods of document reversal43. While posting a parked document, document number is changed. TRUE/FALSE1ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTINGFI PAPER: 744. Validations are performed before substitution. TRUE/FALSE45. You can close a fiscal year even if you have parked documents. TRUE/FALSE46. All R/3 applications and functions process exchange rates using ______ and_______ quotation47. _____________ keys contain further specifications for account assignment in taxcalculation procedure48. Base amount is either _____ or ________ item49. Tax code contains the ________50. Reconciliation account type for vendor is ____ and customer is ____51. If an account is managed with open items, then ___________ must be activated52. In consolidation, company codes are attached to __________ and businessareas are attached to ______________2ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTINGFI PAPER: 7KEY1. PRESENTATION SERVER, APPLICATION SERVER, DATABASE SERVER2. DATABASE3. BUSINESS APPLICATION PROGRAMMING INTERFACE4. FALSE5. PROJECT PREPARATION, BUSINESS BLUEPRINT, REALISATION, FINALPREPARATION, GOLIVE AND SUPPORT, CONTINUOUS DEVELOPMENT6. BW, CRM, APO, B2B, SCM, KW7. MARKET PLACE, WORK PLACE8. /n9. SYSTEM10. f111. USER PROFILE SYSTEM12. CLIENT13. CONTROLLING AREA14. FALSE15. 4, ALPHANUMERIC16. FALSE17. YEAR DEPENDENT, YEAR INDEPENDENT18. TRUE19. COMPANY CODE, COA20. FALSE21. GROUP22. CLIENT23. TRUE24. PURCHASING ORGANIZATION, PLANT25. PURCHASE ORDER, GOODS RECEIPT, INVOICE VERIFICATION26. OPERATING CONCERN27. TRUE

28. BILLING29. ASSET CLASS30. DEPRECIATION AREAS31. TRUE32. DOCUMENT HEADER AND DOCUMENT LINE ITEMS33. INTERNAL, EXTERNAL34. YEAR DEPENDENT35. TRUE36. FALSE37. CLIENT38. ACCOUNT GROUP, POSTING KEY, G/L ACCOUNT LEVEL39. TRUE40. BASELINE41. SALES AREA42. NEGATIVE43. FALSE44. TRUE45. FALSE46. DIRECT, INDIRECT47. ACCOUNT/PROCESS48. EXPENSE, REVENUE49. TAX RATE50. K, D3ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTINGFI PAPER: 751. LINE ITEM DISPLAY52. COMPANY, CONSLIDATION BUSINESS AREA4ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTINGFI PAPER: 81. Which of these statements on document principles are correct?a. R/3 can assign the document numbers alwaysb. A business event triggers only one document within R/3c. Each business event creates an accounting document within R/3d. R/3 will link related documents in the system2. In the payment process, automatic options to the users area. select open invoices to be paid/collected, post payment documentb. post payment documents/print payment mediac. select open invoices to be paid or collected, post payment document, printpayment media3. Which of the following are true.a. any payment block can be removed in payment proposal editb. only line item payment block is removed during the payment proposalc. items that cannot be paid are detailed in the exception list4. Which of these statements on payment program are correcta. there are four steps in payment process, viz., parameters, proposal, program,printb. once the parameters have been specified, the print program is scheduled togenerate payment media5. Every run of the payment program is identified by two fieldsa. run dateb. identification6. Which of the following statements are truea. The run date is recommended to be the actual date when the program isexecutedb. The field identification is used to run print program7. Which of the following statements are correct

a. the G/L account name for house banks must match the names given to thehouse bank in the bank directoryb. the G/L account names for house banks are user definablec. the G/L account names for house banks could be the bank name and accountnumberd. the G/L account names for house banks are defined in bank directorye. at company code level, G/L account names for house banks can be differentfrom those in chart of account8. Which of the following statements are true in respect to payment programconfiguration in all codes areaa. sending company code and paying company code are same alwaysb. by specifying the vendor/customer special G/L transaction to be paid, we canprocess specified special G/L transaction onlyc. by activating payment method supplement, we can print and sort payments1ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTINGFI PAPER: 89. Which of the statements are true in respect to configuration of payment programbank determination areaa. without ranking order, system will not process the paymentb. bank/payment method combination is must to define ranking orderc. without maintaining the value date in bank selection, system will not processthe payment10. If we are using check management, which of the statements is truea. define check lots in order to print checksb. check lots are used only for automatic payments11. True/falsea. all company codes in the payment run parameters must be in the samecountryb. a payment method can only be used if it is entered in the account masterrecordc. the payment proposal can only be edited, deleted and recreated as often asdesiredd. the exception list is a part of the payment proposal12. When running the dunning programa. we can edit proposalb. we cannot delete the proposalc. we can recreate the proposal until the dunning clerk is satisfied with the resultd. after completing the dunning proposal list, dunning data is updated in masterrecords13. Which of the following statements are truea. one time accounts cannot be dunnedb. we can assign two dunning procedures to customer master recordsc. dunning procedure can process only standard transactionsd. interest can be posted at the time of dunning14. The maximum dunning level can be defined in the dunning procedure isa. fourb. sixc. nine15. An item whose days in arrears are smaller or identical to the grace periods,dunning program will consider for the dunning notice. TRUE/FALSE16. Which of the following statements are falsea. we cannot specify per dunning level that interest is to be calculatedb. we cannot print a dunning notice in a legal dunning procedure, although nofurther account movements have occurredc. we can set a minimum amount for the dunning charges on each dunning level17. What information does a dunning run change?a. the date of the last dunning run in the customer master record

b. the dunning level in the customer master recordc. the dunning level in documents for which dunning notices are createdd. from (layout set) specifications in the customer master record for the text inthe next dunning lettere. the dunning procedure in the customer master record for the next dunning run2ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTINGFI PAPER: 818. Which of these statements are truea. we can calculate interest on G/L accounts under interest on arrears methodb. each interest id must be assigned on interest calculation type19. Two steps to define financial statement versions area. enter it in the directory of financial statement versionb. define hierarchy levels and assign accounts20. Which of the following statements are truea. a financial statement version consist of maximum 9 hierarchy levelsb. we cannot assign account group according to balancec. drill down report is a tool that enables to analyze sub ledger transactionfigures only21. Individual value adjustment for doubtful receivables are possiblea. through special G/L transactionsb. through normal transactionsc. both of the above22. Foreign currency valuation is possiblea. only vendor/customer open itemsb. only balance sheet itemsc. both of the above23. Which of the statements are truea. when we are valuating open items without update for reversal of theadjustment posting after key date, user can define another posting date inplace of key date +1b. when we have regrouped the receivables/vendors, system carries outadjustment postingsc. allocating costs to financial accounting through external settlement, the G/L isupdated online/realtime24. Depreciation posting can be executeda. through batch input sessionb. direct FI postingsc. any one of the above25. To set up the financial statement version in your company, maximum limit is 9.TRUE/FALSE3ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTINGFI PAPER: 8KEY1. A-T, B-F, C-F, D-T2. A-T, B-T, C-T3. A-T, B-T, C-T4. A-T, B-F5. A-T, B-T6. A-T, B-F7. A-F, B-T, C-T, D-F, E-F8. A-F, B-T, C-T9. A-F, B-T, C-F10. A-T, B-F11. A-T, B-F, C-T, D-T12. A-T, B-F, C-T, D-F13. A-F, B-F, C-F, D-F

14. A-F, B-F, C-T15. FALSE16. A-F, B-F, C-T17. A-T, B-T, C-T, D-F, E-F18. A-F, B-T19. A-T, B-T20. A-F, B-T, C-F21. A-T, B-F, C-F22. A-T, B-T, C-T23. A-T, B-T, C-T24. A-T, B-T, C-T25. FALSE4ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTINGFI PAPER: 9TRUE/FALSE1. G/L master record is always for all company codes in the system2. currency is a required field entry while creating G/L master3. we cannot control the postings to the G/L by way of tax codes entry for a G/Laccount4. tax codes are created and operated at country level5. tax codes are created at company code level6. tax codes are time dependant7. jurisdiction codes are not used at all while creating tax codes8. in AP and AR, account group cannot be created with external number ange9. reconciliation account definitions are available in general data of vendormaster10. reconciliation account definitions are available in payment data of generaldata in customer master11. payment terms are company code dependent12. it is not possible to calculate the due date on fixed dates like end of monthwith days calculation13. SAP cannot automate the payment method entry into the vendor invoice entryscreen14. all special G/L transactions are posted to G/L accounts15. it is possible to get the report of customers created by a user in a companycode16. clearing does not create any document17. payment cannot be made by adjusting a special G/L transaction which isposted in G/L18. partial payment creates another entry without any link to the original entry19. down payment creates another entry without any link to the original entry20. residual payment creates another entry keeping all entries open21. it is not possible to use two check series for making payment22. it is not possible to void unused checks23. reversal of voided checks is a standard functionality of SAP24. it is not possible to show the checks with a value range and issued by a user25. it is not possible to create a due date for a down payment26. SAP does not allow bill of exchange accounting27. payment request clears the entries in AP and AR28. posting key is linked to field status in FI posting29. payment to anybody by passing a G/L entry without AP/AR is a standardfunctionality of SAP30. we cannot create manual checks for payment to business partners and updatein the system31. bank statement entry into the SAP does the automatic clearing32. through bank statement entry, we can enter the entries like bank debits forbank charges, commission, etc. which will make a direct posting into the G/L

33. chart of accounts view of G/L account keeps the data like general data incustomer account – common data34. whenever an FI entry is made, we want document header text to be amandatory entry. Customizing is available in G/L master and field statusgroups35. it is not possible to see document currency and company code currency at thesame time during document display option36. document date, posting date, value date, base line date, system date and duedate in the entry screen of customer/vendor invoice are the same1ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTINGFI PAPER: 937. it is possible to define the standard translation method of foreign currency inthe posting key38. system allows you to enter the date interval – from and to- in case of foreigncurrency translation rates39. it is user definition whether SAP will control the open item selection40. it is a real problem in SAP-in financial statement version we are not able tofind the G/L accounts which are not assigned41. MIS reports based on financial books like ratios can be done through financialstatement version42. all FI entries will be repeated in CO module also43. physical inventory is a MM/PP module transaction and hence no accountingentry is passed in G/L but real stock is adjusted in MM/PP44. payment to vendor of a specific bill cannot be blocked in SAP45. customer makes multiple checks for one invoice, and hands it over to thecompany which is running with SAP with all modules. It is not possible to enterin SAP by keeping all the check details and updating against one invoice2ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTINGFI PAPER: 9KEY1. F2. T3. F4. T5. F6. T7. F8. F9. F10. F11. F12. F13. F14. T15. T16. F17. F18. T19. T20. F21. F22. F23. T24. F25. F26. F

27. F28. T29. F30. F31. T32. T33. F34. F35. F36. F37. F38. F39. T40. F41. F42. F43. F44. F45. F3ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTINGFI PAPER: 101. 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 COA2. Each G/L Account in Group COA can be mapped to the following no. of accountcodein 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 one3. 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 account5. Each Account Code in a COA is automatically available for use to all companycodesusing 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 todifferent Account Groups7. 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 rangeintervals(Y) (N) Document No. range are defined at chart of account level8. 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 level1ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTINGFI PAPER: 109. 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 Accounts10. 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 numberrange11. Which of the following statement is true with respect to customer account(Y) (N) One customer can have different customer codes in various companycodes(Y) (N) Company codes following the same chart of accounts must have thesamereconciliation account for the same customer(Y) (N) Various company codes can have different payment terms with onecustomer(Y) (N) Group Account Number is mandatory while entering a customer master12. 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 fordifferentcompany codes13. 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 Segment14. A Document is uniquely identified by a combination of(Y) (N) Document Header /Posting key(Y) (N) Posting Date/Document Number/Company Code15. Which of the following statements are true(Y) (N) Document Numbers can be alphanumeric(Y) (N) Field Status of Transaction entry is Activity dependent & Accountdependent(Y) (N) Document Type controls Field Status Group and G/L accounts that canbe used in the document.(Y) (N) Document Types are defined at the Chart of Account Level16. 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 Many2ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTING

FI PAPER: 1017. 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 to18. 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 codes19. A different field status can be achieved for different actions such as creation ofaccount 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 COAis assigned to company code(Y) (N)21. The field “Field Status Variant” in the company code segment of the G/L Mastercan 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 Type23. 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 Level24. A document number range is assigned to each document type. Documentnumberranges 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 bankkey3ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTINGFI PAPER: 10(Y) (N) A House Bank can contain many account Ids which are representedthrough Individual bank account numbers26. Filed status of the line item can be controlled through Posting Key & Filed StatusGroup 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 yourcustomer(Y) (N) The bank key of your customer cannot be used as your house bank’sbank key(Y) (N) The bank key of your vendors may be same as your house bank’s bankkey(Y) (N) The bank key of your customer is entered through customizing28. You cannot make a financial entry if filed status variant is not assigned tocompany 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 Ids30. 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 Key31. 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 above32. 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 accountsegment(Y) (N) If we have created chart of account(Y) (N) If we have copied the chart of account segment from another companycode33. 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 codes4ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTINGFI PAPER: 10(Y) (N) The account name and account number is the same in all companycodes(Y) (N) The currency in the company code segment in all company codes isthe same(Y) (N) The group account number & the alternate Account Number can bedifferent in all company codes34. 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 Record35. 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 check36. 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 Keys37. 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 becombined38. 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 periodvariant(Y) (N) While Opening & Closing of periods of all company codes can be donetogether his can also be done separately for each company codes aslong asthe definition and number of posting periods is same.39. Which of the following statement is true(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 thepostingperiod are displayed.40. By mentioning the baseline date, cash discount periods and cash discountpercentagerate in the payment terms system will5ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTINGFI 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 term41. When using the account clearing function the system chooses and matches thoseexisting items from the account that balances to 0. The system marks them asclearedand 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 areconnected to the general ledger via alternative reconciliation account(Y) (N) A Down payment request is a noted item. It does not change anyaccountbalances. You can dun and pay automatically using down paymentrequests43. The specifications of permitted payment differences can be found in both types oftolerancegroups. They control the automatic posting of cash discount adjustments andunauthorized deductions(Y) (N)44. In Document header the reference field and the document header text aremodifiable.(Y) (N)45. All Reconciliation accounts and all general ledger accounts with open itemtransactionsin foreign currency must be assigned to the revenue/expense accounts for realizedlosses and gains(Y) (N)46. Terms of payment are defaulted from master records when you post a document.Termsof Payment cannot be assigned at the time of posting the document or Enteredmanuallyif 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) None of the above

(Y) (N) All of the above48. 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”6ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTINGFI PAPER: 1049. Fiscal Year can be(Y) (N) Year Dependent(Y) (N) Year Independent(Y) (N) Year Dependent & Year Independent50. 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 defined51. 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 thesystem52. 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(Y) (N) All of the above(Y) (N) None of the above53. 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) All of the above54. Which of the following statement is true(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 rate55. Which of the following statement is true(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 companycodes(Y) (N) None of the above56. No Terms of payment are proposed when you post a credit memo, you can defaultthemfrom original invoice by entering the document number in the invoice reference fieldelseenter “V” in the invoice reference field so that terms of payment entered in creditmemo are valid.(Y) (N)57. Payments can be blocked in during posting, in the customer/vendor master recordor in terms of payment.(Y) (N)7ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTING

FI PAPER: 1058. A block key and payment method from payment term is defaulted in the line itemwhen 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(Y) (N) All of the above60. 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(Y) (N) None of the above61. 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(Y) (N) All of the above62. 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 level63. 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(Y) (N) None of the above64. 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 date65. 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 modules66. 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(Y) (N) None of the above8ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTINGFI PAPER: 1067. You can enter terms of payment in the company code segment or salesarea/purchasingorganization segment. The payment term defaulted depend on where the invoice isposted.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 above69. 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 document70. What is the maximum possible digit length of an internally generated vendornumber(Y) (N) 6(Y) (N) 10(Y) (N) 12(Y) (N) 18(Y) (N) No limits71. House Bank Ids can be(Y) (N) Alphabets only(Y) (N) Numeric only(Y) (N) Alpha-numeric only(Y) (N) Any of the above72. 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 assignments73. 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 level74. 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 thetransaction is entered(Y) (N) The address details are entered as part of the transaction(Y) (N) None of the above75. Which of the following sequence of creating a customer master account islogically correct(Y) (N) G/L, Bank, Customer9ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTINGFI PAPER: 10(Y) (N) G/L, Customer, Bank(Y) (N) Customer, G/L, Bank(Y) (N) Any of the above76. 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 account77. 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(Y) (N) Any of the above78. 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(Y) (N) None of the above79. What is the maximum possible digit length of an internally generated customernumber(Y) (N) 6(Y) (N) 10(Y) (N) 18(Y) (N) 2480. Which field on the customer master record controls whether we will accept anincomingpayment 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 Key81. 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 above82. Which of the following statement is true(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 company10ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTINGFI PAPER: 1083. 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 Number84. When a document is parked(Y) (N) A temporary document number is generated and the document is notposted(Y) (N) The actual document number is generated and the document is notposted(Y) (N) The document is posted with a temporary document number(Y) (N) The document is posted but can be reversed85. 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) 36686. What is the maximum number of line items allowed in an accounting document(Y) (N) 2(Y) (N) 6(Y) (N) 10(Y) (N) 99987. Which of the following statement is true(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 types88. What is the maximum possible length of a G/L account

(Y) (N) 6(Y) (N) 10(Y) (N) 18(Y) (N) 99989. The fields available for posting in a transaction are controlled through the fieldstatus group at(Y) (N) Posting key level only(Y) (N) Posting key and G/L account level(Y) (N) G/L account level only(Y) (N) None of the above90. A parked document can be(Y) (N) Modified(Y) (N) Deleted(Y) (N) Posted(Y) (N) All of the above91. When is the business area level balance sheet self-balanced11ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTINGFI 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 completed92. Which of the following statement is true(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 reversed93. 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) All of the above(Y) (N) Only multiple company codes94. The currency for a document is determined for(Y) (N) The whole document(Y) (N) Each line item(Y) (N) Each Company code(Y) (N) None of the above95. 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 master96. 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 master97. 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(Y) (N) None of the above98. What sort key is used to sort line items by document currency amount(Y) (N) 001(Y) (N) 003

(Y) (N) 005(Y) (N) 00699. What is meant by the option open item management in the G/L account materrecord(Y) (N) The items on the account are always open12ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTINGFI PAPER: 10(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 account100. 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(Y) (N) None of the above101. 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-Invoiceverification-Vendor Payment(Y) (N) Purchase requisition-Purchase order-Invoice verification-Vendor Payment(Y) (N) Purchase requisition-Purchase order-Goods Receipt-Invoiceverification-Discount from Vendor-Vendor payment102. It is must to create company code before any transaction processing in SAP(Y) (N) True(Y) (N) False(Y) (N) Can’t Say103. It is must to create company code before any transaction processing in SAP(Y) (N) True(Y) (N) False(Y) (N) Can’t Say104. Company codes & Business Area are legal entity for which you create B/s(Y) (N) True(Y) (N) False(Y) (N) Can’t Say105. Group is the highest level organization unit in R/3(Y) (N) True(Y) (N) False(Y) (N) Can’t Say106. 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) Terminal107. 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 runprogram13ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTINGFI PAPER: 10108. Association between numbers from Group chart of account and country chart ofaccount 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 details109. For every transaction in SAP, system generates at least(Y) (N) 4 documents(Y) (N) 3 documents(Y) (N) 2 documents(Y) (N) 1 document110. Document in SAP have the following sections(Y) (N) Document Title & Line Items(Y) (N) Document Header & Line Items(Y) (N) Master Data & Transaction Data111. Document Type is assigned to the Line Item section of document(Y) (N) True(Y) (N) False(Y) (N) Can’t Say112. Number Range ID is assigned to account type(Y) (N) Document Type(Y) (N) Account type(Y) (N) Document Header(Y) (N) Line Item113. Document type allows more than one account types while processing theparticular 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 E115. 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 time116. 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 transaction14ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTINGFI PAPER: 10117. Only one company code can be attached to posting period variant(Y) (N) True(Y) (N) False(Y) (N) Can’t Say118. 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 canbe 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 sued119. 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 code121. 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(Y) (N) None of the above122.Baseline date is(Y) (N) A date on which payment becomes due(Y) (N) From which due date is calculated depending on the setting inpayment terms(Y) (N) A base date after which document lapses(Y) (N) None of the above123. 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 Method124. Currency assigned to company code master is(Y) (N) Transaction currency(Y) (N) Group currency15ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTINGFI PAPER: 10(Y) (N) Local currency125. 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 payments126. 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 variant127. 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 users128. Posting key is defined at(Y) (N) Document level(Y) (N) Company code Level(Y) (N) Chart of Account Level(Y) (N) Client Level129. Document Type is defined at(Y) (N) Document level(Y) (N) Company code Level(Y) (N) Chart of Account Level(Y) (N) Client Level130. 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) 50131. 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 anotherdocument in concerned company with common link of cross companycode transaction number(Y) (N) System links documents based on user given number in crosscompanycode transaction field(Y) (N) None of the above16ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTINGFI PAPER: 11The settings for Automatic Payment Program you make settings forautomatic outgoing payments to be processed by the payment program.1. By assigning Paying company code to each company code you can have onecompany code process payment transactions centrally for several company codes.a. Trueb. False2. You can group payments using payment method supplements and therefore, forexample, control the sending of checks.a. Trueb. False3. You cannot make down payments with the payment program and pay with bills ofexchangea. Trueb. False4. You can specify the minimum amount for which an incoming or outgoing paymentis created for the Paying Company Code?a. Trueb. False5. You can optimize by bank groups. This happens even if banks in the masterrecords are not assigned to a bank group defined by you.a. Trueb. False6. If you optimize by postal codes, the house bank selection is determined by thebusiness partner's domicile. If you select the "Optimization by postal codes" field, youcan go directly to the activity for assigning house banks to an interval of postalcodes.a. Trueb. False7. When processing a payment proposal, you can remove all payment blockingindicators from items or enter them for items.a. Trueb. False8. Automatic payment run uses document type specified in Payment Method/Country for posting the payment. Standard Posting keys are used to post thepayment and cannot be changed?a. Trueb. False1ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTINGFI PAPER: 11You can use the dunning program to dun both customers and vendors.Answer the following questions on Dunning?9. The individual dunning areas within one company code can use different

procedures or the same dunning procedure.a. Trueb. False10. The dunning area can be entered at the line item levela. Trueb. False11. With the dunning keys, you can limit the dunning level for the Customer MasterRecorda. Trueb. False12, The Dunning Block key can be entered in an item or in the account of a businesspartner.a. Trueb. False13, Master Data reckrd Dunning Blocks need to be manually removeda. Trueb. False14. In dunning procedure you can select which customers within for which companycodes to include in dunning. All Customers need not be selected?a. Trueb. False15. You can also set the dunning level at which you want to list all due items from anaccount in the dunning notice.a. Trueb. False16. Dunning procedures are company code independent.a. Trueb. False17. Interest Rates Entered in Dunning specify which interest rate is to be used fordebit or credit balancesa. Trueb. FalseFinancial Accounting Closing Process18. A valuation method represents a group of specifications that you require forbalance and item valuation. Valuation methods can be defaulted from Master Recordsto Line Itemsa. Trueb. False19. When valuating open items the system posts to a balance sheet adjustmentaccount and to an account for exchange rate differences determined during thevaluation?2ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTINGFI PAPER: 11a. Trueb. False20. You can differentiate the accounts by currency. Exchange gains and losses arethen posted to the accounts designated for the currency involved. If you do not wantto differentiate the accounts by currency, you require an entry with the currency"blank" (this is the default value). The "exchange rate differences" key in thecompany code-dependent part of the G/L accounts must also be empty.a. Trueb. False21. The goods receipt/invoice receipt (GR/IR) clearing account is posted to wheneveryou receive goods that have not been invoiced yet or whenever you receive invoicesfor goods that have not been delivered yet.a. Trueb. False

22. You define the versions you need to create a balance sheet and profit and lossstatement In FSV besides G/L Accounts you can assign functional area intervals at thelowest level of the structure, instead of account intervals?a. Trueb. FalseTo set up a cash journal, select the activity Cash Journal in Customizing forBanking-Related Accounting under Business Transactions.23. For Setting up Cash Journal you need to create a G/L account, for the cash journalin the required company codea. Trueb. False24. Several Cash Journals can be created in a company code but you need a uniqueG/l account for Cash Journal maintained in each currencya. Trueb. False25. You have to define a number range interval for cash journal documents withinG/L Accounting.a. Trueb. False26. While Setting up Tax code in Cash Journal you can only make entries in this fieldfor accounting transaction types E and Ra. Trueb. False27. In order to print the cash journal and the cash journal receipts, you have to setup the corresponding print program parameters per company code.a. Trueb. False28. he Controlling Module and FI module can use Different Chart of Accounts as longas G/L are mapped to respective Cost Elementsa. Trueb. False3ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTINGFI PAPER: 1129. A group COA can be assigned to the Alternate chart of account which is assignedto the company Codea. Trueb. False30. The filed status for filed status group can in “display” transaction can only bedisplay or hidden.a. Trueb. False31. For document types with external number ranges, you have to define anindividual reverse document type because the system can make automatic reverseentries only in document types that have internal number assignment.a. Trueb. False4