FI/CO Academy Review Page 1 of 16 1.

Which of the following is true for Organizational structures More than one answer is correct; mark true or false a A client may contain more than one company code. T b A company code can be attached to a company. T c Company code characteristics include country, currency, and address. T d Business areas can be assigned to more than one company code. F e Creating a country version creates a country specific template company code. T 2. Which of the following functions represent the fiscal year. More than one answer is correct; mark true or false. a Year independent requires knowledge of the exact opening and closing dates. F b Each fiscal year variant is managed at the client level. T c Special periods have calendar relevance. F d The posting date for entry in special periods must be in the final normal period. T e Year shift is only relevant for year dependent fiscal years. F 3. Select the true statement for general ledger account groups More than one answer is correct; mark true or false. a Assign number ranges T b Assign accounts to the controlling area F c Assign accounts to the company code F d Assign accounts to business areas F e Assigns the status of the fields in the company code segment of the master record T 4. Select the correct answers. Only one answer is correct, pick the correct answer. a A business area is assigned to a company code b A company code may be assigned to multiple credit control areas c A company code may have more than one chart of accounts X d A plant can be assigned to more than one company code