SAP Questions

A CCOUNTANTS ACADEMY
Centre of Accounting Professionals
1. Your chief accountant would like to display company-owned cars separately in the
balance sheet. These cars were previously included in the asset class "factory and office
equipment". What do you have to configure?
a. Create a new asset class, but use the same account determination.
b. Create a new account determination, but no new asset class.
c. Create evaluation groups to subdivide all assets of the class.
d. Create a new asset class and a new account determination.
2. ASAP (accelerated SAP) roadmap is aimed at providing step by step direction and
guidance throughout the project implementation please choose the correct order of
the 5 phases in the project implementation lifecycle?
a. Go-live, support, 2) Project preparation, 3) Business blueprint, 4) Final
preparation, 5) Realization.
b. Project preparation, 2) Final preparation, 3) Business blueprint, 4) Realization,
5) Go-live, support
c. Business blueprint, 2) Project preparation,, 3) Final preparation, 4) Go-live,
support, 5) Realization
d. Business blueprint, 2) Project preparation,, 3) Final preparation, 4) Realization,
5) Go-live, support
e. Project preparation, 2 Business blueprint, 3) Realization, 4) Final preparation, 5)
Go-live, support
3. To which of the following does an asset class apply?
a) To all company codes in a controlling area
b) To all company codes in an instance (client-independent)
c) To all company codes in a client
d) To all company codes within a client, which share the same chart of
accounts
4. You entered a non-invoice-related credit memo and selected Net Due 30Days as the
term of payment. The Invoice Reference field is empty. What effect does this have on
the term of payment entered in the credit memo?
a) The term of payment entered in the credit memo is ignored during
clearing.
b) The term of payment entered in the credit memo is replaced by the term
of payment from the last valid customer invoice.
c) An error occurs.
d) The term of payment entered in the credit memo is used during clearing.
5. Your customer has two company codes in the same client. Each company code has a
different operational chart of accounts. The customer has a country-specific chart of
“ACCOUNTANTS ACADEMY,, THRISSUR”, All rights reserved.

Corporate office: 3rd Floor, Hamriya Regency, Shornur Road, Thrissur-680 022. Ph. 0487-2321303, 7025377733
CENTRES: THRISSUR / CALICUT / KOTTAKKAL / EDAPPAL / VADAKKEKAD

accounts for each company code. How does this influence how you create customer
master records?
a) You have to create customer master records for each credit control area.
b) You have to create one master record for each customer.
c) You have to create customer master records for each country-specific
chart of accounts.
d) You have to create customer master records for each chart of accounts.
6. You entered a g/l account posting and received an error message which says that
account type S is not allowed. Which object causes this error?
a) Posting key
b) Document type
c) Currency key
d) Field status variant
7. Which line item field is filled automatically by the sort key field of a master record
(G/L account, customer, or vendor)?
a) Item text
b) Assignment
c) Amount in document currency
d) Number of the invoice to which the transaction belongs
8. Down payments can be posted using a special GL transaction. What is the main benefit
of this functionality?
a) It shows data in the appendix of the balance sheet.
b) It posts down payments to a reconciliation account that is different from
the one used for ordinary payables and receivables.
c) It automatically clears down payment requests.
d) It automatically creates the final invoice and clears down payments
against it.
9. Which of the following objects can you post to via the cash journal? There are 2 correct
answers to this question
a) Asset master
b) One time customer
c) Material master
d) Accrual engine
e) Customer


a) Item text
b) Assignment
c) Amount in document currency
d) Number of the invoice to which the transaction belongs
11. . The organizational units of Financial Accounting are used for external reporting
purposes, that is, they fulfil requirements that your business is subject to from
external parties, for example, legal regulations.
Which of the following Organizational units are mandatory in an ERP system with FI?
(More than one answer is correct)
A. Client
B. Business Area
C. Company code
D. Company
12. You can configure different types of Chart of Accounts in the ERP system.
Some of these are:
A. Operating chart of accounts
B. Group chart of accounts
C. Country-specific chart of accounts
D. Plant specific chart of accounts

13. The company code, business area and controlling area organizational units can
be combined in a number of ways. Using these combinations you can represent
organizations with different structures. Which of the following are valid combinations?
A. One Company Code can be assigned to multiple Controlling areas
B. One Controlling area can be assigned to multiple company codes
C. One business area can be assigned to multiple company codes
D. One company code can be assigned to multiple business areas

14. The document type is a key that is used to classify accounting documents. It is
entered in the document header and applies to the whole document.


Which of the following purposes are achieved by using document types?
A. Assigning document numbers

B. Posting to account types
C. Clearing line items
D. Differentiating between business transactions
15. You would like to use recurring entries for periodic transaction. Which of the
following are False with reference to 'recurring entries'?
A. Posting Key, Account and Amount never change in recurring entries

B. Postings can be made periodically or on a specific date
C. Recurring documents do Not require a separate number range.
16. The head of accounts receivable requires that all items posted to individual customer
accounts are posted to their headquarters. Which function do you have to use to fulfill
this requirement?
a) Head office and branch account
b) Single bank account
c) Alternative payer/payee
d) Cash management group
17. You post a G/L document. For the Text field, the field status of the posting key is set to
Required Entry and the field status of the G/L account is set to Hidden Entry? What
happens during posting?
a) The document is posted.
b) A warning message is shown.
c) An error message is shown.
d) The Text field is hidden.
18. What can we define into the chart of accounts customizing transaction (OB13
transaction)?
There are 4 correct answers to this question.

a) Length of the G/L account number.
b) Maintenance language.
c) Length of the company code.
d) Blocking / unblocking chart of accounts.
e) Description.


19. In the New General Ledger Accounting, how would you incorporate companies
with different fiscal years if you wanted to assign them to the same controlling
area?
a. Use the same fiscal year variant for all company codes and set up parallel
accounting for company codes that have different fiscal years.
b. Use the same fiscal year variant for all company codes and do a reversible close
for the company codes that have different fiscal years.
c. Create company codes with different fiscal year variants and assign them to the
same group company for reporting purposes.
d. Create company codes with the same fiscal year variant and assign the company
codes that have a different fiscal year to non-leading ledgers with the
appropriate fiscal year variant.
20. Consider the following sentences about the chart of accounts segment which of these
combinations are false?

a) It contains the Company Code, Account number and the field status
group.
b) Key words facilitate the search for account numbers.
c) Texts can be displayed using the program “Account assignment manual”
(RFSKTH00).
d) Whenever you need to enter information for a company code for an
account number, you have to type again the information related to chart
of accounts segment.
21. Which are the segments of the MM view of the customer account master data?

a) Sales Area.
b) Company Code.
c) Purchasing Organization.
d) Controlling Area.
e) Client.
22. Your customer sells products and services. They have to separate the invoices into
invoices for products and invoices for services. Which object do you have to use to
create dunning notices dependent on the division (product or service)?
There is only one correct answer for this question.

a) Dunning areas


b) Dunning block reasons

c) Separate dunning runs
d) Dunning keys
23. What does the fiscal year variant control?

a) The number of periods (up to 16 posting periods including
special periods)
b) The open periods (a period interval for closing and another for
day-to-day business)
c) The number of periods (up to 52 posting periods and special
periods)
d) The number of special periods available in addition to the normal
periods
24. Of the items listed below, which are not features of configuration?
a. Test case assignment
b. Configure IMG objects
c. Project documentation
d. Transport change requests.
e. Generate blueprint
25. Which of the following is a typical process sequence in Product Sale from Stock?
a. Incoming order - Goods receipts/transport - Dunning & payment - Billing.
b. Purchase requisition - Delivery/transport - Dunning & payment – Billing
c. Purchase requisition - Billing - Transport/goods receipts - Dunning & payment
d. Incoming order - Delivery/transport - Billing - Dunning & payment
26. Which two data sections are part of every asset?
Note: There are 2 correct answers to this question.
a) Account determination data section
b) Depreciation data section
c) Master data section
d) Valuation area data section
27. What is the purpose of account determination in the accrual engine?

a) To determine the CO object.
b) To determine the correct posting period.


c) To determine debit and credit accounts.n

d) To determine the document type.
28. . To which of the following does an asset class apply?

Note: Please choose the correct answer.
a) To all company codes in a controlling area
b) To all company codes in an instance (client-independent)
c) To all company codes in a client
d) To all company codes within a client, which share the same chart of accounts
29. Which of the following objects can you post to via the cash journal?
Note:Thereare2correctanswerstothisquestion.
a) Assetmaster
b) AccrualEngine
c) Customer
d) One-timecustomer
e) Material master
30. What do you define when you configure a dunning procedure?

a) Dunning levels and the language of the dunning note
b) Dunning levels and account determination to post dunning interest
c) Dunning charges for each dunning level and customers to be dunned
d) Dunning levels and dunning charges for each dunning level
31. What are the prerequisites for setting up cross-company-code cost accounting?
a) The same fiscal year variant is used for all company codes.
b) The same currency is used for all company codes.
c) The same variant for open periods is used for all company codes.
d) The same chart of accounts is used for all company codes.
32. Your customers do not pay open invoices. How can you accomplish an automatic flat-
rate individual value adjustment?

a. Make an individual value adjustment based on special
G/L transaction
b. Make a statistical flat-rate value adjustment posting for
each period manually.
c. Enter a value adjustment key in the customer master.


d. Create and dispatch a valuation run for each period.

33. Which of the following statements are true regarding billing plans?
a) A billing plans reference the factory calender in the payer’s
billing schedule.
b) In milestone billing plans, billing blocks are set until the
completion of the milestone has been confirmed.
c) When an order is invoiced with a billing plan, the order is
updated.
d) When using a billing plan , the billing dates are always
determined automatically.
e) The three types of billing plans are periodic, milestone and
contractual.
34. You have two house banks. Each house bank has three bank accounts. How many
separate G/L accounts do you recommend the customer creates in the chart of accounts?
a. Six one for each combination of house bank and bank
account
b. Three one for each bank account
c. One for all postings
d. Two-one for each house bank
35. What are the benefits of using the accrual engine?

a. The accrual engine supports parallel accounting.
b. The accrual engine can simulate planned future accruals.
c. The accrual engine can correct accruals in the previous
month even if that period is closed.
d. The accrual engine is client-independent.
e. The accrual engine calculates the accrual amounts
automatically.
36. Identify the features of a business blueprint

a. Associated items
b. Blueprint document.
c. Business process group
d. Blueprint structure
e. Business groups


f. Business scenarios
37. In your leading ledger (ledger solution), balance sheets must be created for company
codes and segments. Which Customizing settings do you need to make?

a. Define a retained earnings account.
b. Define two retained earnings accounts and assign them to
your P&L accounts.
c. Activate cost of sales accounting.
d. Assign the Segment Reporting scenario to your leading
ledger.
38. In a payment run, the data entered for a payment method in the document may differ
from the master data. How does the system resolve this?
a. The payment run temporarily stops, and the system
prompts you to correct the data. After you have corrected
the data, the payment run continues.
b. Master data overrides document data.
c. The payment run stops and the system issues an error
message.
d. Document data overrides master data.
39. Consider the following sentences about the indirect quotation, what is the correct
option?
a) It is also known as volume notation.
b) The currency value is expressed in the Local currency per unit of foreign
currency.
c) For indirect quotation, there is no prefix to difference between direct

quotation.
40. In the Data Entry view, what is the maximum number of line items in a single FI
document?
a. 9999
b. 99


c. 999
d. Unlimited
a. Amount in document currency
b. Assignment
c. Number of the invoice to which the transaction belongs
d. Item text
42. Which are the correct series of steps in the payment program?
a) CD Maintain parameters, Proposal run, Printing Payment Media, Execute a payment
run CD.
b) Proposal run, Maintain parameters, Printing Payment Media, Execute a payment run
CD.
c) Proposal run, Execute a payment run, Printing Payment Media, Maintain parameters
CD.
d) Maintain parameters, Printing Payment Media, Proposal run, Execute a payment run
CD.
e) Maintain parameters, Proposal run, Execute a payment run, Printing Payment Media.
43. What does the posting key control?

a) Account type
b) Document type
c) Field status
d) Debit/credit indicator
e) Number range
44. Your customer wants to add a new company code and asks you to make the
configuration settings for document types and number ranges. What do you have
to do?
a) Allow all document types for the new company code.
b) Define number ranges for the new company code
c) Set a second number range for all document types.
d) No additional settings are necessary
45. What of these alternatives are considered master data

a) Asset.


b) G/L Accounts.
c) Customer.
d) Vendor.
e) Chart of Accounts
46. The field status definitions from the account group and the transaction are considered
for each field. The field status definition with the higher priority is used. Which priority
sequence, going from the highest to the lowest, is correct?
There is one correct answer for this question.

a. Display, Required Entry, Optional Entry, Hide
b. Optional Entry, Hide, Display, Required Entry
c. Required Entry, Optional Entry, Hide, Display
d. Hide, Display, Required Entry, Optional Entry
47. Your company currently uses internal number ranges for documents. You are rolling
out your system in a new country. It is a legal requirement in this country to have
external document numbering on vendor in voices (currently document type KR). You
have copied the number ranges from the existing company code to the new company
code. Which Customizing settings do you have to make to meet this requirement and
have a minimal effect on the existing system configuration?
a. Mark a new document number range as external
and assign it to the document type KR.
b. Create a new external document type and assign
the number range 51 to the new document type.
c. Create a new document type and a new external
number range interval as external. Assign the new
number range to the new document type.
d. Mark existing number range interval 51 as
external for the new company code.
48. In which Customizing activity do you decide which special G/L transactions are to be
paid automatically via the payment program?
a. Set Up All Company Codes for Payment Transactions

b. Set Up Payment Methods per Company Code for
Payment Transactions
c. Set Up Payment Methods per Country for Payment
Transactions
49. What additional options does parking documents offer compared to holding documents?


a. A parked document can be posted cross-client to minimize the

Total Cost of Ownership (TCO).
b. A parked document can be posted via automatic speech
recognition
c. A parked document can be changed and posted by another user,
thereby supporting the principle of dual control.
d. A parked document can be posted using a workflow.
50. What does yearend closing program do in asset accounting?

a) It checks whether the previous year has been closed in
financial accounting.
b) It checks whether assets contain errors or are incomplete.
c) It checks whether depreciation and assets are fully posted.
d) It opens new annual value fields for each asset.
51. A customer wants to use document splitting to enable balance sheets by segments. How
do you set up the document split?
a) Define splitting rules
b) Assign the splitting method to the transaction variant.
c) Assign all document types to business transactions and business transaction
variants.
d) Define a non-leading ledger for the split documents.
52. What controls the posting key?

a) Account Types
b) Credit /Debit indicator
c) Number range
d) Document type
e) Field status
53. The organizational units of Financial Accounting are used for external reporting
purposes; that is, they fulfill requirements that your business is subject to from
external parties (e.g. legal regulations) Which of the following Organizational units
are Mandatory in an ERP system with Fl?
a) Client
b) Fiscal Year


c) Business Area
d) Company Code
54. What is the purpose of account determination?
a. document type
b. debit account
c. credit account
c. balancesheet account
d. all of the above
55. Where does the chart of accounts fall in the FI organizational structure?
o Under client and above company code
o Under company code and above business area
56.How many chart of accounts can be assigned to one company code?

o 2
o N
o 1
57. During an interview, you learn that your client uses 12 normal posting periods during
the year and 4 special periods for year-end adjustments. Where is this configured in SAP?
o Fiscal year variant
o Fiscal year
58.What are the account types used in the FI module?
o Customer D
o Assets K
o General Ledger S
o Vendors A
59.Identify each of the following as master data or transaction data
o GL account posting
o Goods receipt
o GL account Transaction data
o Invoice
o Material Master data
o Vendor
60. Some of the following are defined at client level
o Posting keys
o Company codes
o Document types


o Exchange rates
61. You transfer the balances from which type of account to a retained earnings account
o Balance sheet account
o Profit and loss account
62. What is the purpose of account determination

o Document type
o Debit account
o Credit account
o All the above
63. What are the exchange rate tools?
o Reference currency
o Exchange rate spread
o Inversion
o Base currency


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A CCOUNTANTS ACADEMY

Centre of Accounting Professionals

“ACCOUNTANTS ACADEMY,, THRISSUR”, All rights reserved.

CENTRES: THRISSUR / CALICUT / KOTTAKKAL / EDAPPAL / VADAKKEKAD

“ACCOUNTANTS ACADEMY,, THRISSUR”, All rights reserved.

CENTRES: THRISSUR / CALICUT / KOTTAKKAL / EDAPPAL / VADAKKEKAD

A. Operating chart of accounts

B. Group chart of accounts

C. Country-specific chart of accounts

D. Plant specific chart of accounts

A. One Company Code can be assigned to multiple Controlling areas

B. One Controlling area can be assigned to multiple company codes

C. One business area can be assigned to multiple company codes

D. One company code can be assigned to multiple business areas

“ACCOUNTANTS ACADEMY,, THRISSUR”, All rights reserved.

CENTRES: THRISSUR / CALICUT / KOTTAKKAL / EDAPPAL / VADAKKEKAD

Which of the following purposes are achieved by using document types?

A. Assigning document numbers

A. Posting Key, Account and Amount never change in recurring entries

There are 4 correct answers to this question.

“ACCOUNTANTS ACADEMY,, THRISSUR”, All rights reserved.

CENTRES: THRISSUR / CALICUT / KOTTAKKAL / EDAPPAL / VADAKKEKAD

There are 2 correct answers to this question.

There are 2 correct answers to this question.

There is only one correct answer for this question.

“ACCOUNTANTS ACADEMY,, THRISSUR”, All rights reserved.

CENTRES: THRISSUR / CALICUT / KOTTAKKAL / EDAPPAL / VADAKKEKAD

b) Dunning block reasons

There are 2 correct answers to this question.

27. What is the purpose of account determination in the accrual engine?

“ACCOUNTANTS ACADEMY,, THRISSUR”, All rights reserved.

CENTRES: THRISSUR / CALICUT / KOTTAKKAL / EDAPPAL / VADAKKEKAD

c) To determine debit and credit accounts.n

28. . To which of the following does an asset class apply?

30. What do you define when you configure a dunning procedure?

There are 2 correct answers to this question.

“ACCOUNTANTS ACADEMY,, THRISSUR”, All rights reserved.

CENTRES: THRISSUR / CALICUT / KOTTAKKAL / EDAPPAL / VADAKKEKAD

d. Create and dispatch a valuation run for each period.

There are 3 correct answers to this question.

There are 5 correct answers to this question.

“ACCOUNTANTS ACADEMY,, THRISSUR”, All rights reserved.

CENTRES: THRISSUR / CALICUT / KOTTAKKAL / EDAPPAL / VADAKKEKAD

There are 2 correct answers to this question.

a) It is also known as volume notation.

c) For indirect quotation, there is no prefix to difference between direct

“ACCOUNTANTS ACADEMY,, THRISSUR”, All rights reserved.

CENTRES: THRISSUR / CALICUT / KOTTAKKAL / EDAPPAL / VADAKKEKAD

43. What does the posting key control?

There are 4 correct answers to this question.

“ACCOUNTANTS ACADEMY,, THRISSUR”, All rights reserved.

CENTRES: THRISSUR / CALICUT / KOTTAKKAL / EDAPPAL / VADAKKEKAD

There is one correct answer for this question.

a. Set Up All Company Codes for Payment Transactions

There are 2 correct answers to this question.

“ACCOUNTANTS ACADEMY,, THRISSUR”, All rights reserved.

CENTRES: THRISSUR / CALICUT / KOTTAKKAL / EDAPPAL / VADAKKEKAD

a. A parked document can be posted cross-client to minimize the

50. What does yearend closing program do in asset accounting?

There are 2 correct answers to this question.

52. What controls the posting key?

There are 3 correct answers to this question.

“ACCOUNTANTS ACADEMY,, THRISSUR”, All rights reserved.