GAS (GL, Fixed asset master, business transactions) KU questions

Please choose the correct answer/answers.

Part1 – multiple choice questions (multiple options might be selected)

1) Which GL account should be set as open item managed in GL master data choose the right
answer?
a. Tax account
b. Reconciliation account
c. PNL account
d. Balance sheet account
2) How can you turn on the document type field during GL account posting in FB50?
a. Document type field can be turned on help of the user parameter
b. Not possible to change the document type
c. Document type field can be turned on help of the GL. master data setting
d. Document type field can be turned on in the editing options during posting
3) What kind of data can be modified in case of document parking (tr. code: FV50)? Multiple
selection can be chosen.
a. Amount of the document
b. Document number
c. Posting date
d. Gl. account
4) Which statement is not true for cost center?
a. Each controlling area must have a unique standard hierarchy
b. Mainly used to analyse the revenues
c. Cost center is a perfect CO object for cost analysis
d. Cost center can be summarized help of the cost center groups
5) Which of the following can be used to carry forward PNL balances?
a. Using year end processing via retained earning account
b. Manual process required to carry forward the PNL balances
c. Revaluation program carry forwards the PNL balances
d. Automatically using multiple retained earning accounts
6) Which of the following statement are true for internal order? Multiple selection can be
chosen.
a. Internal order can be set as company code dependent
b. Budget cannot be created for internal order
c. Internal order can be use as well for cost as revenue planning, collecting and
monitoring
d. One of the most flexible CO objects
7) Which transaction can you use to check the processed items of the electronic bank
statements?
a. FF_5
b. FB03
c. FAGLL03
d. FEBAN
8) Which fields can you set time dependently in fixed asset master data? Multiple selection can
be chosen.
a. Cost center
b. Inventory number
 c. Name of the fixed asset
d. Depreciation key
9) When can you reverse an FI document? Multiple selection can be chosen.
a. It contains cleared items
b. It contains only customer, vendor, and GL account items
c. It was posted in financial accounting
d. All entered values (such as cost center, tax code) are still valid
10) Which CO objects can be used in case of fixed asset acquisition process?
a. Cost center
b. Profit center
c. Segment
d. Internal order

Part2 – explanatory questions

1) It is a depreciation key in fixed asset master data. Please explain what is the depreciation key
and what is the main purpose of the deprecation key.

2) How the exchange rate can be overwritten during posting?

3) How it is possible to copy some kind of data from an existing document? What kind of
features allowed with reference posting? List a few (2-3 pieces).

4) If you have a posted document based on electronic bank statement process and you realized
a wrong clearing. Explain in which transaction and how you cancelled the document. Also
please specify how you are able to check and select the correct document.

5) What is the effect of the document type?

Part3 – exercises

1) Create a fixed asset, fill up the obligatory fields. When ready, modify the validity period of
the asset’s cost center. New validity period has to start on the beginning of the next year.

2) Post a GL account document in FB50. Before post it save an account assignment template.
When you are ready with the posting - leave the transaction than go back in FB50. Here opens
the saved template. Based on the template modify a few data e.g.: amount and post a new
document.

3) Create an intangible asset related internal order and assign budget for it than set the internal
order status as released.
4) Check the asset values. Choose one of the assets which has still values. Scrap it!

5) Choose the manual accrual transaction. Enter the end of this month in the posting date and
first day of the next month should be the recorded as the reversal date. Lists and reverse
your own accrual help of the automatic reversal transaction.