Certification Questions

SAP FICO SAP ECC 6.0 & SAP R/3 Collection of Sample Questions with Answers for Certification Exam (For Quick Reference and Study)

Prepared By: Ms. Pramila Nagaraj First Class MBA Finance Graduate (2009-10) - FRESHER Global Academy of Technology, Bangalore (VTU- Belgaum) Trained up in SAP FINACIALS @ SAPTAC Bangalore

Note: Answers Indicator is **

SAP FINANCIALS/CONTROLLING SAMPLE CERTIFICATION QS WITH AS

1. While entering exchange rates, if one unit of local currency is quoted for foreign currency, it is

the case of:

Indirect Quotation **

Direct Quotation

2. Documents with open items cannot be archived because open items represent incomplete

transactions.

False

True **

3. The automatic clearing program cannot carry out automatic postings.

True

False **

4. You can always display the line items of a GL account.

False **

True

You can only display the line items if the account is managed with line item display.

5. Posting periods are opened and close automatically.

True

False **

6. The payment program needs the ___________ to determine whether an open item has to be

paid now or in the next payment run.

Posting date

Run date

Document date

Next Posting date **

7. You can only work with one window session at a time in an SAP system.

False **

True

You can work in up to 6 window sessions simultaneously per log on.

8. General Ledger Accounts have which type of number assignment.

External **

Internal


9. Which of the following controls the field display for the company code data in the GL Account

master data?

Account number

Chart of Accounts

Reconciliation account

Account Group **

10. You maintain the Customer/ Vendor master data record centrally ,if you

Create the SD/MM Segment first and later create the FI Segment.

Create the FI and CO Segments together.

Create the FI Segments at the same time as the SD/MM Segments. **

Create the FI Segment followed by the SD/MM Segments.

11. The number of characteristics in interest indicator is

One

Three

Four

Two **

12. All company codes in the payment run parameters must be in the same country.

True **

False

Company codes from different countries cannot be processed in the same payment run.

13. One number range can only be assigned to one account group

True **

False

A number range can be assigned to several account groups.

14. Every company code may define its own document types.

False **

True

The same document types are valid for every company code since they are defined at the

client level.

15. The following personalisation options are available in the SAP GUI:

You can have system messages displayed in a dialog box. **

Every user can display a picture of their choice on the SAP Access Screen.

You can change the font size (within limits) in the SAP GUI. **

You can use a personal input history on your front end. **

You can change the size of the input fields.

You can suppress the display of pictures in the SAP GUI system. **


Numerous personalisation options are available, using the Extra menu, the customizing of

local layout push button, the status bar and Hel Settings End users cannot, however change

the size of input fields. You cannot use the SAP GUI to display a picture of your choice on the

SAP Easy Access Screen.

16. The R/3 System generates the exchange rate differences automatically.

False

True **

17. __________ Number assignment means that the R/3 System assigns the number automatically.

External

Internal **

18. Every company code may define its own document number ranges.

True **

False

19. You can also call the Context Sensitive SAP Library using the F 1 Key.

True **

False

You can call the Context Sensitivity help using the Application help push button in the F 1

Help window.

20. Banks that are used by your company are defined as :

Associated Banks

House Banks **

Designated Banks

Partner Banks

21. One number range can be assigned to several document types.

True **

False

22. IBAN stands for:

Integrated Bank Account Number

International Business Account Number

International Bank Account Number **

Indian Bank Account Number

23. A Name for the interest calculation indicator is mandatory.

True

False **

A Name for the interest calculation indicator is useful but not mandatory.


24. ____________ must be defined in every company code before a cross company code transaction

may be carried out.

Tax accounts

Clearing Accounts **

Account Groups

Posting Period

25. The __________ is a variant that contains the structure and the basic information about General

Ledger Accounts.

Business Area

Posting Period

Company Code

Chart of Account **

26. GL Accounts that are managed in local currency can only be posted to in this currency.

True

False **

GL Accounts in Local currency can be posted to in any currency.

27. GL Accounts with open item management must have line item display activated.

False

True **

28. In which of these cases Cross Company Code transactions can occur

Central Payment **

Central Purchasing **

Sale of Goods to Customer

Transfer of goods & services between company codes in same group. **

29. You can void a check and reverse the payment document at the same time.

True **

False

30. The dunning text for dunning level 6 is stored in text module 616.

True **

False

Text module 616 is used for dunning level 6.

31. Many business transactions occur in the system for which documents are created, but no

accounting document is created because there is no effect for accounting. An example of this

would be:

Payment of Salaries to Staff

Goods Receipt

Receipt of Invoices

Purchase order in Materials Management **


32. The following strings are valid entries in the command field

From SAP Easy Access : SM04 **

From SAP Easy Access : Search_Sap_menu **

/nend **

?SM04

/nsm 04 **

/nex **

You can enter valid transaction codes directly on the SAP Easy Access Screen. I f you are in

another transaction, you need to enter /n in front of the transaction code. /end and /nex are

two different log off options. ? SM04 is not a valid entry. Search_sap_menu is a valid entry; it

creates a Screen Search for entries in the SAP menu.

33. Which Cash Discounts are used in the Net procedure:

Cash discount Clearing Account **

Cash discount Revenue Account

Cash discount Expense Account

Cash discount Loss Account **

34. Reconciliation accounts are updated on a daily basis

True

False **

Reconciliation Accounts are updated on real time basis.

35. The SAP standard includes the standard controlling area _________ which can be used as a

template for creating other controlling areas.

0002

0001 **

1000

IDES

36. After the dunning proposal has been created, changes to the dunning data items or master

records are ignored in the current dunning run.

True **

False

The data has already been selected from the database.

37. If the user assigns the document number manually this is _________ number assignment.

Internal

External **


38. The authorization group in the posting period variant applies only to authorization for posting in

special periods.

True

False **

The authorisation group applies to the first period interval. This can also be an internal with

normal posting periods.

39. You can use the F1 Key to:

Display a list of possible input values

End the session you are in

Display detailed technical information on a field **

Change your user data (For Example : The log on Language)

Display an explanation of a fields uses **

The F1 help provides documentation and technical information on a field.

40. The Parameters specify the accounts and documents that are to be considered in the dunning

run.

True **

False

You can use the parameters to select the accounts and documents for the dunning run.

41. A Controlling area must consist of a single company code.

True

False **

Multiple Company Codes can be assigned to a controlling area

42. Account Master Data must contain an interest calculation indicator for interest calculation to

take place.

True **

False

43. A ______________results in the open invoice and the incoming payment remaining in the

customer account as open items.

Posting with Clearing

Reversal Entry

Partial Payment **

44. The __________ Specify the accounts and documents that are to be included in the payment

run.

Payment Media

Parameters **

Payment Program

Proposals


45. The Exception list is part of the payment proposal

True **

False

The Exception list is usually checked by the User department.

46. The Payment proposal can be edited, deleted and recreated as often as necessary

True **

False

The Payment proposal does not make any changes to the values at document/ master

record level.

47. Customer and Vendor Account:

Can have either internal or external number assignment. **

Can only have external number assignment.

Can only have internal number assignment.

Need not have any number assigned to them.

48. A dunning notice is only sent if the dunning data has changed since the last dunning run or if

Always dun is selected

True **

False

49. It is possible to dun vendors as well as customers

True **

False

50. In the R/3 Standard system, Company code ________ is a template for a general company code

with chart of accounts INT and special country specifications.

0002

1000

0001 **

2000

51. A complete vendor account consists of the following parts:

General Data **

Purchasing Organization Segment **

Company Code Segment **

Sales Area Segment

Note: Sales Area Segment pertains to Customer Accounts.


52. The day limits define the dates of the cash discount periods

True

False **

The day limits are used to store several versions of terms of payment under the same terms

of payment key.

53. The latest dunning level is equal to the legal dunning procedure

True

False **

The last dunning level triggers the manual dunning procedure, which often ends in the legal

dunning procedure. The legal dunning procedure itself does not correspond to any dunning

level.

54. Posting with clearing can be carried out only for one account at a time

True

False **

It can be carried out for several accounts simultaneously.

55. Posting periods are opened and closed automatically

True

False **

The posting period variant that contains the opens has to be maintained manually.

56. SAP Net weaver Platform was introduced by SAP AG by in ____________.

January 2003 **

14th March 1999

March 2005

September 2001

57. The types of taxation that can be represented in the R/3 System are

Taxation at International level

Taxation at National level **

Taxation at Global level

Taxation at Regional/Jurisdictional level **

58. The chart of Accounts is defined using a _________ ID

Three character alpha numeric

Four character numeric

Four character alpha numeric **

Five character numeric


59. The ________ is a variant that contains the structure and the basic information about general

ledger accounts.

Company code

Posting Periods

Chart of Accounts **

Business Area

60. The Cross Company code transaction number is a combination of:

First Company Code number **

First Company Code document number **

Fiscal Year **

Second Company Code

61. Every installment of an installment plan must have its own terms of payment

True **

False

62. How many tab pages does the company code data of a customer or vendor master record have?

Six

One

Four **

Three

The Company Code data of a customer / vendor master record consists of all the areas (Tab

pages) Accounting Information, Payment Transactions, Correspondence and Insurance

(Customer accounts) or Withholding Tax (Vendor accounts)

63. Match the Exchange rate types with their descriptions:

B Selling Rate

M < ------------ > Average Rate for Posting and Clearing

G < ------------- > Buying Rate

64. A payment method can be used only if it is entered in the account master data

False **

True

A payment method can also be entered in the line item.

65. Tax amounts of a cross company code transaction are automatically distributed to company

codes in which the expenses / revenues occurred.

True

False **

The Tax is completely posted to the first company code.


66. In R/3 currencies are defined using which of the following?

Currency Index

Currency Keys **

Exchange Rates

Currency Table

67. While entering exchange rates, if one unit of foreign currency is quoted for the local currency, It

is a case of:

Indirect Quotation

Direct Quotation **

68. The number of characters in interest indicator is :

Two **

One

Four

Three

69. You can void a check and reverse payment document and the vendor invoice all at the same

time.

True

False **

Reversing the vendor invoice is a separate transaction from voiding the check and reversing

the payment document.

70. Before you can create cost centres, you must first create a _____________ hierarchy

Standard **

Complete

Logical

Optimum

71. The Company Codes assigned to a controlling area can all have different chart of account

True

False **

The Company codes assigned to a controlling area must all use the same operational

chart of accounts.

72. Clearing a credit memo with an open invoice is an example of :

Account Clearing **

Open Item

Residual Item

Post with Clearing


73. Posting a payment for an open invoice with a resulting zero balance is an example of:

Posting with Clearing **

Archiving

Residual Item

Account Clearing

74. IBAN contains a maximum of __________ characters.

34 Numeric

25 Numeric

34 Alpha Numeric **

4 Alpha Numeric

75. In R/3 a document is saved for every posting, this principle is called :

Data Integration

Document Principle **

Mutual Posting

Automatic Configuration

76. Cash Journal identification is done by a ____________

2 Digit Alpha numeric key

3 Digit Numeric key

4 Digit Alpha numeric key **

4 Digit Numeric key

77. Cross Company code clearing accounts must be GL Accounts

True

False **

Cross Company code clearing accounts can be GL accounts as well as Customer/ Vendor

accounts.

78. During the transfer of Salary Expense data to financial accounting the period was already closed.

How does the system react?

The system automatically reopens the closed periods.

The Salary expense data is transferred without any problem

Nothing happens

An error message is displayed for the HR document. The document has to be recreated

in HR.

79. A GL accounts consists of which Segments:

Chart of Accounts Segment **

Sales Area Segment


Purchasing Organization Segment

Sales Area Segment pertains to Customer Account. Purchasing Organization pertains to

Vendor Account.


80. A company code may be assigned to more than one controlling area

True

False **

One company code may be assigned so only one controlling area.

81. Every dunning procedure must have at least for dunning levels

True

False **

Every dunning procedure can have between 1 and 9 dunning levels.

82. What data is required for the automatic account determination for tax accounts

Posting Key **

Tax category

Rules **

Tax accounts **

83. Customers without dunning procedure in the master record are dunned with a default dunning

procedure.

True

False **

Customers without a dunning procedure in the master record cannot be dunned.

84. The dunning run updates the dunning data in the dunned items and accounts

True

False **

The dunning data is not update until the dunning notices are printed.

85. Document number ranges must not overlay

True **

False

86. GL Accounts must be defined for exchange rate losses or gains

True

False **

87. The R/3 System generates the exchange rate differences automatically

True **

False

88. Every document is uniquely identified by the following fields:

Document number **

Line item

Company code **

Fiscal year **


89. _____________ data is short lived and assigned to master data

Fixed

Default

Transaction **

Master

90. The ___________ is the data that the system uses to determine the due date of the invoice

Invoice

Baseline date **

Invoice receipt date

Date of goods receipt

In order to calculate cash discount, the system must be able to access a baseline date as well

as the start date.

91. You can create Secondary cost elements in Financial accounting module

True

False **

Secondary Cost elements are created only in Controlling.

92. IBAN was designed by:

International Organization for standardization (ISO)

International Organization for Standardization (ISO)and European Committee for

Banking Standards (ECBS) **

European Committee for Banking Standards (ECBS)

World Bank

93. Documents with open items cannot be archived because open items represent incomplete

transactions.

True **

False

94. The Run Date is always the date when a certain dunning run is supposed to be started.

True

False **

The Run on field is also used to identify dunning runs. It does not have to be the date

when the dunning run is actually performed.

95. The Maximum length of a GL account number is ___________ digit.

16

10 **

12

4


96. One dunning form can be used for all dunning levels and dunning areas :

True **

False

You can decide to use one or more dunning forms.

97. The Sequence in which the payment methods are entered in the payment parameters reflects

their priority.

True **

False

98. Credit memos can be linked to invoices to ensure that invoices to ensure that invoice and credit

memos are due on the same date

True **

False

99. You should use open item management for the which of the following accounts:

Salary Clearing accounts **

Clearing accounts for Goods Receipts/Invoice Receipts **

Bank Clearing accounts **

Material Stock accounts

100. Every company code may define its own document number ranges

True **

False

101. General Ledger accounts have which type of number assignment?

External **

Internal

102. What are the essentials of SAPs product strategy ( in just a few words) All words to be in lower

case without full stop

extend rather than replace (Answer)

103. The types of interest calculations in SAP R/3 are:

Item interest calculation **

Account balance interest calculation **

Interest calculation on payables

None of the above

104. You can configure SAP R/3 to calculate interest for customers/vendors that owe you money. You

cannot calculate interest, however if you owe your business partner money.

True **

False


105. While entering exchange rates, if one unit of local currency is quoted for the foreign currency; it

is the case of:

Indirect Quotation **

Direct Quotation

106. Cross Company code documents cannot be reversed

True

False **

Cross company code documents can be reversed, to do this use the reversal functions for

cross company code transactions.

107. One number range can be assigned to several document types.

True **

False

108. A _____________ clears the invoice and the payment to create a new open item.

Partial Payment

Account Clearing

Posting with Clearing

Residual item **

109. Match the standard types with their description.

KZ Customer Invoice ( DR)

DG Automatic Posting (ZP)

AB Vendor net invoices & credit memos (KN)

KR Vendor Payments (KZ)

ZP Vendor Credit Memos (KG)

SA Vendor Invoices (KR)

DZ General Documents (AB)

KN GL Account Postings (SA)

DR Customer Payments (DZ)

KG Customer Credit Memo (DG)

110. The use of Business Area is ___________

Automatic

Mandatory

Unavoidable

Optional **

111. You can assign a business area to a company code directly

True

False **

Business areas are not directly assigned to company codes. Business areas are primarily used

for creating reports across company codes.


112. A clearing document must have at least two line items

True

False **

A clearing document may have no line items.

113. The company codes of a cross company code transaction may have different local currencies

True **

False

114. The Automatic clearing program cannot carry out automatic postings.

True

False **

115. GL Accounts that are managed in foreign currency can only be posted to in this foreign currency.

True **

False

116. _______________ Accounts contain the total of the transaction figures for the corresponding

Sub Ledger Accounts.

Customer

Reconciliation **

General Ledger

Vendor

117. My SAP Business Suite contains the following

Cross Industry Solutions **

Services **

Industry Solutions **

Technology **

My SAP Business Suite is a family of open business solutions that integrates people,

information, and processes to drive efficiency and profitability from business relationships.

My SAP Business Suite features Cross Industry Solutions, Industry Solutions, Technology,

Infrastructure and services.

118. One number range can only be assigned to account group

True

False **

A number range can be assigned to several account groups.

119. You can use the F4 key to:

Call the SAP Library

Start another Session

Display detailed technical information on a program

Create a print request of the screen currently displayed.


Display possible entries for an input field. **

The F4 Key provides a list of possible entries for a selected field.

120. On a given account, SAP R/3 cannot calculate different operational chart of accounts, you cannot

carryout cross company code controlling

True **

False

You can carry out Cross Company Code controlling if each company code uses the same

operational chart of accounts.

121. The relationship between currencies must be maintained per exchange rate type and currency

pair using __________.

Currency key

Inversion

Translation Ratios **

Average of buying and selling rate.

122. One can automatically generate and save the IBANs for several master records

True

False **

The IBAN can only be entered in a vendor/customer master record if the business partner

provides his IBAN and requests the entry. One has to enter the IBAN manually in each

master record.

123. Dunning procedures with only one dunning level are referred to in the system as __________.

Single Level Dunning

Dunning Notices

Nil Dunning

Payment Reminders **

124. You can also call the Context Sensitive SAP Library using the F1 Key

True **

False

You can call the Context Sensitive help using the application help push button in the F1 help

window.

125. The posting keys to be used in the clearing document are defined in Clearing documents

True **

False

126. A complete customer account consists of the following parts:

Purchasing Organization Segment


General Data **

Sales Area Segment **


Purchasing Organization Segment pertains to Vendor Account.

127. No more than two periods can be open at the same time

True

False **

As many periods a required can be open simultaneously. However, only two period intervals

can be open at the same time.

128. ___________ data contains information that remains the same over a period of time

Master **

Fixed

Default

Transaction

129. The payment terms of a credit memo usually do not apply and due date is either the due date of

the associated invoice (or) the base line date of the document.

True **

False

130. A Cross Company Code Transaction consists of at least ________________documents.

Four

Two **

Three

One

131. The dunning proposal can be edited, deleted and recreated as often as required.

True **

False

Because the database has not changed until the dunning notices are printed.

132. The Customer/Vendor accounts must always be maintained centrally.

True

False **

Customer/Vendor accounts can be maintained centrally or decentrally.

133. Two documents can not have the same document number.

True **

False

134. At the beginning of a new fiscal year the system always starts the document number assignment

again at the start of the number range.

True

False **


The system only restarts numbering at the beginning of a new year, if the document range is

defined per fiscal year.

135. __________ must be defined in every company code before a cross company code transaction

may be carried out.

Tax Accounts

Posting Periods

Account Groups

Clearing Accounts **

The Clearing accounts may be GL accounts, Customer or Vendor Accounts.

136. Name the tools for maintaining the exchange rates.

Bank Buying Rates

Exchange Rate Spreads **

Inversion **

Base Currency **

Currency Keys

137. Which of the following statements accurately describe a client in SAP System?

A client corresponds to a customer.

A client represents a completely independent business entity. **

A client has its own database.

A client may represent an entire company. **

138. The data for all clients in an SAP system is stored within a single common data base.

This data is never the less divided by client so that different companies can be

administered and controlled in different clients. A client is not a customer within an SAP

system.

139. The possible field status definitions in the order of their priority are:

Optional Entry, Required Entry, Display, Hide.

Hide, Display, Required Entry, Optional Entry. **

Display, Hide, Required Entry, Optional Entry.

Required Entry, Optional Entry, Display, Hide.

140. Document types and Posting keys are defined at ___________ level.

Client **

Document

Company Code

Business Area

141. Which Cash discount accounts are used in the Gross Procedure?

Cash Discount Expense account **


Cash Discount Clearing account

Cash Discount loss account

Cash Discount Revenue account **

142. An account is only dunned if all the overdue items have exceeded the minimum days in arrears.

True

False **

If one overdue items has exceeded the minimum days in arrears, the account is dunned.

Certification Questions

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