Sap Fi Paper 02

ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTING

FI PAPER: 2

1. Every company code can have following combinations as chart of accounts (COA)a. one operating COA and many group COAsb. many operating COAs and one group and one alternate CoAc. one operating COA and one alternate COAd. one operating, one group and one alternate COA

2. Each G/L account code in group COA can be mapped to following no. of account codes in operating COA

a. only one account codeb. maximum three account codesc. many account codesd. it cannot be mapped

3. Each account code in alternate COA can be mapped to following no. of account codes in operating COA

a. only one account codeb. maximum three account codesc. many account codesd. it cannot be mapped

4. Various account groups in one COA cannot consist of common G/L account codes. TRUE/FALSE

5. Following fields form part of the chart of account segment of a general ledger account master

a. account currencyb. account groupc. field status groupd. option to state whether it is a balance sheet or profit and loss type account

6. Each account code in a chart of accounts is automatically available for use to all company codes using that chart of account TRUE/FALSE

7. Which of the following statements are always truea. one document type can have more than one no. range intervalb. different no. range codes can have same no. range intervals in respect of

documentsc. more than one document type can have same no. range intervalsd. document no. ranges are defined at client level

8. Which of the following statements are falsea. account groups are defined at client levelb. account groups are defined for a company codec. account groups are defined at COA leveld. account groups are defined for a combination of COA and company code

9. Which of the following statements are falsea. one customer/vendor account can have many reconciliation accountsb. reconciliation account can be used for the purpose of direct accounting entries

by usersc. all the account groups of customers can have one common no. ranged. one account group of vendors can have up to three no. ranges

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ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTING

FI PAPER: 2

10. Which of the following statements are truea. one customer can have different customer codes in various company codesb. one customer can have different reconciliation accounts in various company

codesc. various company codes can have different payment terms with one customerd. chart of account segment is mandatory while entering a customer master

11. Which of the following statements are truea. for creation of vendor master, account group is not requiredb. a vendor master cannot be created in the absence of a company code

12. Customer master has following segmentsa. chart of account segmentb. general data segmentc. purchase organization segmentd. accounting data segmente. sales organization data segment

13. A document is uniquely identified bya. document no.b. company codec. fiscal yeard. document datee. period

a and e; a and b; a, b and c; a,d,e; a,b,e

14. Which of the following statements are correcta. document nos. can be alphanumericb. Field status for a transaction entry is transaction dependent and account

dependentc. Document type controls posting key, field status group, and gl accounts that

can be used in the documentd. Document types are specific to a company code

15. The relationship between house bank and account id is the followinga. one to oneb. one to manyc. many to oned. many to manye. no relationship

16. Business area once defined is available for use toa. all company codes in the clientb. all company codes in all the clientsc. only to the company codes to which the business area is assigned tod. all company codes assigned to the company to which the business area is

assigned

17. If a general ledger account is defined using a sample account, following data is referenced from the sample account

a. the control data in COA segmentb. only company code segment data

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ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTING

FI PAPER: 2c. only account control and account management data in company code

segmentd. entire master data

18. While creating a sample account, following information may be entereda. only company code segment datab. only COA segment datac. both COA segment and company code segment datad. only account control and account management data from company code

segmente. only control data of COA segment

19. A G/L account can be blocked for the following purposesa. from creating in company codesb. from posting in all company codesc. from posting in selected company codesd. cannot be blocked at alle. if blocked, is blocked for all the purposes in all the company codes

20. A different field status can be achieved for different actions such as creation of account or change in master record, etc. TRUE/FALSE

21. Customer and vendors are defined in SAP at following levela. at company code levelb. at client levelc. at controlling area leveld. at company level

22. Which of the following is true in terms of vendor and customer mastera. various account groups can have same no. rangeb. one no. range can be allotted only to one account groupc. one account group can have only one no. ranged. one account group can have either external or internal numbering systeme. one account group can have one internal and one external numbering system

23. A customer account can be blocked for the following purposesa. from creating in company codesb. from posting in all company codesc. from posting in selected company codesd. cannot be blocked at alle. if blocked, is blocked for all the purposes in all the company codes

24. Changes in customer or vendor master are tracked and can be seen in SAP. TRUE/FALSE

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ACADEMY: MANAGERIAL AND FINANCIAL ACCOUNTING

FI PAPER: 2

KEY1. C,D2. C3. A4. T5. B,D6. T7. A-F,B-F,C-T,D-F8. A-F,B-F,C-T,D-F9. A-F,B-F,C-T,D-F10. A-F,B-T,C-T,D-F11. A-F,B-T12. B,E13. C14. A-T,B-T,C-F,D-F15. A,B16. A17. B18. C19. A,B,C20. T21. B22. A,C,D23. B,C24. T

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