Fico interview questions set 12

ACADEMY: FINANCIAL ACCOUNTINGFI PAPER - 12

1. Company codes attached to the same controlling area havea. same operational COAb. same country COAc. same group COAd. different operational COA

2. every transaction results in a document a. partially trueb. completely truec. completely false

3. the field status of the text field in the header of a document is controlled by’a. account typeb. document typec. field status groupd. posting key

4. which of the statements are truea. SAP supports a maximum of 999 line itemsb. SAP supports a minimum of 1 line item (except for noted item)c. The transaction figures in a document need to match

5. Cross company posting is possible for companies with different COAa. Completely trueb. Completely false

6. Reconciliation accounts are updated on a daily basisa. completely trueb. partially falsec. completely false

7. the field status of the field group account number in the G/L master is controlled by the account group

a. completely trueb. partially truec. completely false

8. the field status of the fields in the company code data are controlled bya. account groupb. account typec. transaction/activity typed. chart of accounts

9. the rates of tax is defined in the account keya. partially trueb. completely truec. completely false

10. the alternative account number is a free flowing fielda. partially trueb. completely truec. completely false

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11. ‘set data’ sets the dcata permanently in the system, whereas the hold data function does it till the session is on

a. partially trueb. completely truec. completely false

12. when the same field has both a validation rule and a substitution rulea. It causes an errorb. validation takes priorityc. substitution takes priorityd. the rule that was created first takes priority

13. the cross company code transaction number is taken from its document typea. completely trueb. partially falsec. completely false

14. for every G/L account, a primary cost element needs to be created immediately if the company code is assigned to a controlling area


15. a fiscal year that is a same as a calendar year needs a year dependent fiscal year variant


16. many business areas can be assigned to one company codea. completely trueb. partially falsec. completely false

17. every company code can have only one cash journala. completely trueb. partially falsec. completely false

18. every line item of a document needs to have a unique posting keya. completely trueb. partially falsec. completely false

19. the document number range for reconciliation accounts can have external numbering

a. completely trueb. partially falsec. completely false

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20. if business area balance sheets are enabled for a company code, then the field business area in the account assignment screen can be

a. suppressedb. optionalc. displayd. required

21. field status groups are created at the client levela. completely trueb. partially falsec. completely false

22. there can be any number of posting periods open for a company codea. partially trueb. completely truec. completely false

23. posting periods can be closed automatically by giving a deadline datea. completely trueb. partially falsec. completely false

24. keeping posting period for account type + open allowsa. creating a document header for the posting periodb. creating all line items for the posting periodc. creating line items for account types which have been assigned to +d. creating line items for account types whose posting period is open

25. a vendor invoice needs a GR to be posteda. completely trueb. partially truec. completely false

26. for getting the transaction figures for an account line item display needs to be activated


27. all line item display accounts need to be open item manageda. completely trueb. partially falsec. completely false

28. documents cannot be reverseda. if the company code does not allow negative postingsb. if document type does not allow negative postingsc. if the document type does not have a reversal document type attached to itd. if no reversal reason is created and assigned

29. base line date is

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a. the document dateb. posting datec. entry dated. all of the abovee. any of the above

30. base currency is assigned to the company codea. completely trueb. partially falsec. completely false

31. tax calculation rules are controlled bya. condition typesb. account keyc. tax coded. tax procedures

32. every company code must havea. operational COAb. a country COAc. a group COAd. at least two COAs

33. the account group must be for P&L items for accounts which are P&L accountsa. completely trueb. partially falsec. completely false

34. every house bank needs to have at least one account ida. completely trueb. partially falsec. completely false

35. bank G/L accounts are assigned to house banks, and all accounts under the house bank have the same G/L account

a. partially trueb. completely truec. partially falsed. completely false

36. the user can create his own transactions types for cash journal business transactions


37. noted itemsa. create only one line itemb. need to be identified in the special G/L transaction type as a noted itemc. are always available for credit control

38. which of the following statements are truea. special G/L items post into a separate reconciliation accountb. the reconciliation account for the special G/L transactions is defined per

company codec. statistical postings create only one line item

KEY

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1. A,C2. B3. B4. A,C5. A6. C7. C8. A,C9. C10. A11. A12. C13. C14. C15. C16. C17. C18. C19. C20. C21. C22. B23. C24. A25. C26. C27. C28. D29. E30. C31. D32. A33. C34. A35. D36. C37. A,B38. A

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Fico interview questions set 12

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Transcript of Fico interview questions set 12