SAP FI Interview Question and Answer

SAP FI Interview Question and Answer
PART 1
Question No : 1
.
Which of the following task types are supported by the Closing Cockpit or Schedule
Manager?(Choose three)
A. Spreadsheets
B. Transactions
C. Reconciliation keys
D. Notes (as a reminder or milestone)
E. Programs with or without variant
Answer: B,D,E
Question No : 2
Which of the following accounts are updated directly?
A. Accounts in the group chart of accounts
B. Accounts in the operating chart of accounts
C. Accounts in the master chart of accounts
D. Accounts in the country chart of accounts
Answer: B
Question No : 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
Answer: C
Question No : 4
.
In your leading ledger (ledger solution), balance sheets must be created for company
codes and segments.
Which Customizing settings do you need to make?(Choose two)
A. Define a retained earnings account.
B. Define two retained earnings accounts and assign them to your P&L accounts.
C. Assign the Segment Reporting scenario to your leading ledger.
D. Activate cost of sales accounting.
Answer: A,C
Question No : 5
What are the prerequisites for setting up cross-company-code cost accounting?(Choose
two)
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.
Answer: A,D
Question No : 6
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.
Answer: C
.
Question No : 7
.
For reports in Asset Accounting, which object do you have to use and, where necessary,
customize to determine the sort level and/or the summation level?
A. Depreciation area
B. Sort key
C. Sort variant
D. Valuation area
Answer: C
Question No : 8
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 invoices (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.
Answer: D
Question No : 9
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. One for all postings
C. Two – one for each house bank
D. Three – one for each bank account
Answer: A
Question No : 10
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
Answer: B
Question No : 11
You want to reconcile the amounts you have in a main bank G/L account in your system
with the daily bank statement. You create a single intermediate G/L bank account for each
bank. All transactions with the bank are posted through the intermediate account.
Which of the following indicators do you have to activate in the G/L account characteristics
of the intermediate account?(Choose two)
A. Reconciliation account for account type Bank
B. Line item display
C. P&L statement account
D. Post automatically only
E. Open item management
Answer: B,E
Question No : 12
What additional options do parking documents offer compared to holding
documents?(Choose two)
A. A parked document can be posted cross-client to minimize the total cost of ownership
(TCO).
B. A parked document can be posted using a workflow.
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 via automatic speech recognition.
Answer: B,C
Question No : 13
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
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.
Answer: B
Question No : 14
What do you define when you configure a dunning procedure?
A. Dunning levels and dunning charges for each dunning level
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 the language of the dunning note
Answer: A
Question No : 15
.
Which of the following factors determine the field status for vendors?
A. Account group, transaction, and company code
B. Transaction, chart of accounts, and company code
C. Account group, chart of accounts, and company code
D. Account group, transaction, and chart of accounts
Answer: A
Question No : 16
You configure the available amounts for bank accounts.
What happens to these available amounts during the payment run?
A. They are set to zero.
B. They are updated automatically, but have to be released by another user (dual control).
C. They are updated automatically.
D. They are not updated.
Answer: D
Question No : 17
A customer wants to create a report that is to be run on a monthly basis
showing documents within a specific range for a specific company code that have been
posted within the current month.
How can you create this type of report?
A. • Create a Compact Document Journal report.
• After running the report, save it to your desktop, where it can be updated every month.
B. • Create a Compact Document Journal report.
• Enter the values for the document interval and company code. .
• After saving this as a variant, add an appropriate D (Dynamic Date Calculation) variable
for the posting date on the Variant Attributes screen.
C. • Create a G/L Account Balances report.
• Enter the values for the document range and company code.
• After saving this as a variant, add an appropriate D (Dynamic Date Calculation) variable
for the posting date on the Variant Attributes screen.
D. • Create a Compact Document Journal report.
• Enter the values for the document range and company code.
• After saving this as a variant, add an appropriate T (Table) variable for the posting date
on the Variant Attributes screen.
Answer: B
Question No : 18
A customer wants to use document splitting to enable balance sheets by segments.
How do you set up the document split?(Choose two)
A. Assign the splitting method to the transaction variant.
B. Define a non-leading ledger for the split documents.
C. Assign all document types to business transactions and business transaction variants.
D. Define splitting rules.
Answer: C,D
Question No : 19
Which object do you have to activate to maintain profit centers directly in Asset Accounting
with all business functions for New General Ledger Accounting activated?
A. Profit Center Reorganization
B. Segment Reorganization
C. Profit Center Update Scenario
D. Segment Reporting
Answer: D
Question No : 20
.
.
When dealing with financial statement versions (FSVs), how do you ensure that the
requirements of the various target groups (for example auditors, tax authorities, and banks)
are satisfied?
A. Create one FSV and enhance it with different sets of notes.
B. Create one FSV and then save different variants based on the needs of the various
groups.
C. Create different versions of the same FSV.
D. Create different FSVs based on the needs of the target group.
Answer: D
Question No : 21
Down payments can be posted using a special G/L transaction.What is the main benefit of
this function?
A. It automatically creates the final invoice and clears down payments against it.
B. It automatically clears down payment requests.
C. It posts down payments to a reconciliation account that is different from that of ordinary
payables and receivables.
D. It shows data in the appendix of the balance sheet.
Answer: C
Question No : 22
Your customer's Accounting department informs you that the company issues checks.
They need to easily differentiate payments made by check.
How can you facilitate this requirement?
A. Create an additional field in the coding block called Check.
B. Use the payment method for checks.
C. Use the payment term for checks.
D. Customize a line item report that filters data according to the text field, and instruct users
to enter the word "Check" in the field when entering such payments.
Answer: B
.
9
Question No : 23
.
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.
Answer: D
Question No : 24
Which of the following are the main components of a drilldown report?
A. Characteristics and key figures
B. Characteristics and variables
C. Variables and general selection criteria
D. Variables and key figures
Answer: A
Question No : 25
Your customer wants to access line items for individual P/L accounts without leaving the
balance sheet and P/L display.
What do you recommend?
A. Activate the Line Item Display flag in the financial statement version.
B. Use a drilldown report.
.
10
.
C. Use the standard Financial Statements (RFBILA00) report.
D. Run a line item report.
Answer: B
Question No : 26
You have been asked to showcase the "asset sale with customer" scenario in the next
blueprint workshop meeting.
What do you have to consider when posting an asset sale?(Choose two)
A. You must specify the asset value date.
B. You must post the sale against an asset that has an acquisition.
C. You must use posting key 75 (credit asset) and select the specific asset sale in the
account field.
D. You must calculate and input the profit or loss from the asset sale in a separate line
during posting.
Answer: A,B
Question No : 27
At which level is the vendor account number (master record) assigned?
A. At a combination of client and company code segment level
B. At a combination of client and purchasing organization segment level
C. At client level
D. At company code segment level
Answer: C
SAP FI INTERVIEW QUESTION & ANSWER PART 2
Q1. 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
Answer:
A, C
You create your company-specific organizational structure in the SAP System by

defining the organizational units and making the basic settings.
Defining organizational units for Financial Accounting is obligatory, that is, you have to
define these units in order to be able to implement the Financial Accounting component.
Organizational unit Definition

Client Obligatory
Company Optional
Company code Obligatory
Business area Optional
Apart from this, there are certain Basic settings that are mandatory as well. These are:
Chart of accounts
Fiscal year
Currencies
Q2. 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
Answer:
A, B, C
Charts of accounts can have three different functions in the system:
• Operating chart of accounts

The operating chart of accounts contains the G/L accounts that you use for posting in
your company code during daily activities. Financial Accounting and Controlling both
use this chart of accounts.
You have to assign an operating chart of accounts to a company code.
• Group chart of accounts

The group chart of accounts contains the G/L accounts that are used by the entire
corporate group. This allows the company to provide reports for the entire corporate
group.
The assigning of an corporate group chart of accounts to a company code is optional.
• Country-specific chart of accounts

The country-specific chart of accounts contains the G/L accounts needed to meet
the country's legal requirements. This allows you to provide statements for the
country's legal requirements.
The assigning of an country-specific chart of accounts to a company code is optional.
Q3. 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
Answer:
B, C, D
• One Controlling Area is Assigned to One Company Code

In this example, the financial accounting and cost accounting views of the organization
are identical.
• Multiple Company Codes Assigned to One Controlling Area

This example is Cross-Company Code Cost Accounting. Cost accounting is carried
out in multiple company codes in one controlling area. All cost-accounting relevant
data is collected in one controlling area and can be used for allocations and
evaluations.
In this case, the external and internal accounting perspectives differ from each other.
For example, this method can be used if the organization contains a number of
independent subsidiaries using global managerial accounting. Cross-company code
cost accounting gives you the advantage of using internal allocations across company
code boundaries.
Company Codes and Business areas have an n:m relationship

Q4. You need to assign more than one company code to one controlling area. Under
what kind of a business scenario would you need to consider such a decision?
A. Cross-company code transactions that MUST be processed in a controlling area
B. Multilevel Product Cost Management across company codes
C. Representation of intercompany processes, whereby producing and delivering plant

are the same.
Answer:
A, B
A 1:n relationship between controlling area and company code is recommended for the
following situations:
• Cross-company code transactions that MUST be processed in a controlling area,

for example, production in an associate plant, special cases of intercompany processing.
• Cross-company code CO postings that can be displayed in the reconciliation

ledger, such as assessments, capitalization of internal activity in Asset Accounting,
activity allocation.
• Representation of group costing.
• Use of Profit Center Accounting and transfer prices.
• Multilevel Product Cost Management across company codes
A 1:1 relationship between controlling area and company code is recommended for the
following situations:
• Consolidated analysis of settled transactions across company codes in
Profitability Analysis (CO-PA) In this situation, you assign more than one controlling
area to an operating concern
• Representation of intercompany processes, whereby producing and delivering

plant are the same.
Q5. Which of the following tax types does the SAP System support for calculating,
posting, and correcting tax, as well as for tax reporting?
A. Tax on sales & purchases

B. Withholding Tax
C. Top Up Tax
D. Additional Tax
Answer:
A, B, D
The following Tax types are supported in a standard SAP system:
Tax on sales and purchases

Taxes on sales and purchases are levied on every sales transaction in accordance
with the principles of VAT. This applies to input and output tax, for example.
Input tax is calculated using the net invoice amount and is charged by the vendor.
Output tax is calculated using the net price of products and is charged to the customer.
Companies can offset input tax against output tax, paying the balance to the tax
authorities. Tax authorities can set a nondeductible portion for input tax which cannot
then be claimed from the tax authorities.
Additional tax
Additional taxes are taxes that are posted in addition to tax on sales/purchases.
They are usually country-specific, such as investment tax in Norway, or sales
equalization tax in Belgium.
Sales tax
An example of sales tax is the sales and use tax that exists in the USA. Sales
transactions that are taxed must be kept strictly separate from sales transactions that
are not taxed.
In general, goods that are intended for production or for resale to a third party are
procured untaxed; that is, the vendor does not calculate tax on the sale of these goods
(sales tax). Procurement transactions for individual consumption, on the other hand, are
taxable (use tax).
The principle of sales tax does not permit the option of offsetting input tax against
output tax. The vendor must pay the taxes to the tax authorities.
The system calculates sales tax based on material and customer location and posts it
in Sales and Distribution (SD) and Materials Management (MM). If customers or
vendors are exempt from taxation, you can specify this in their master records by
entering the appropriate indicator.
Withholding tax
In some countries, a portion of the invoice amount must be withheld for certain vendors
and paid or reported directly to the tax authorities.
SAP currently provides two functions for calculating withholding tax: Classic
withholding tax and extended withholding tax.
Extended withholding tax includes all the features of classic withholding tax and, in
addition, also fulfills a number of further country-specific requirements.
If you wish to implement the withholding tax functions, you should choose extended
withholding tax.
Q6. Depending on your system’s configuration, the system can generate and post line
items automatically. For which business transactions can this be done?
A. Entering a customer invoice

B. Entering Special G/L transactions
C. Posting a Vendor Payment
Answer:
A, B, C
The following line items are generated for each of the above business transactions:
Entering a customer or vendor invoice

• Tax on sales/purchases (output tax when posting a customer invoice, input tax
when posting a vendor invoice)
• Payables and receivables between company codes (when posting
cross-company code transactions)
Posting a customer or vendor payment and clearing open items

• Cash discount (paid and received when posting payments)
• Backdated tax calculation for tax on sales/purchases
(after cash discount deduction)
• Gains and losses from exchange rate differences (between invoice and payment)
• Unauthorized deduction of cash discount (when a payment is slightly different to
the amount due)
• Residual items
• Bank charges
Entering special G/L transactions

• Bill of exchange charges
• Tax adjustment for a down payment
Q7. You can add details to any automatically generated line item. For example, you can
add text to a tax on sales/purchases line item.
A. True
B. False
Answer:
A
If you are permitted to make additional account assignments to the automatically

generated line items, the system branches directly to the document overview. Here, the
automatically generated items are highlighted.
To enable this, you need to make sure that the G/L account is marked as adjustable
and that the appropriate field is defined as optional or required in the field status group.
Q8. 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
Answer:
A, B, D
The following purposes are served by using 'Document Types:
• Differentiating between business transactions. The document type tells you

instantly what sort of business transaction is in question. This is useful, for example,
when displaying line items for an account.
• Controlling the posting to account types (vendor, customer, or G/L

accounts). The document type determines which account types that particular
document can be posted to.
• Assigning document numbers. A number range is assigned to every

document type. The numbers for the documents you create are taken from this number
range.
The original documents from one number range should be stored together. In this way,
the document type controls document storage.
For more information, see Document Number Assignment and Controlling Document
Storage Using the Document Type
• Applying the vendor net procedure. This means that any discount and the net
amount are calculated (and posted) when the vendor invoice is posted.
Q9. If you have entered an incorrect document, you can reverse it, thereby also
clearing the open items. With reference to 'document reversal', which of the following
are true?
A. A document can be reversed if it has no cleared items

B. Documents in MM can be reversed with a credit memo
C. If the posting period of the source document has already been closed, you have to
enter a date that falls in an open posting period (for example, the current one) in the
Posting date field.
Answer:
A, C
A document can only be reversed if:

● It contains no cleared items
● It contains only customer, vendor, and G/L account items
● It was posted with Financial Accounting
● All entered values (such as business area, cost center, and tax code) are still valid
If a line item from a source document has been cleared, a reversal can only be carried
out after the clearing is reset. Information on clearing is available in FI General Ledger
Accounting as well as FI Accounts Receivable and Accounts Payable.
Documents from SD can be reversed with a credit memo.
Documents from MM must be reversed with functions in that component because the
reversal function in FI does not reverse all the values required.
There are two ways of updating transaction figures when reversing a document:
● The document and the reverse document increase the account transaction debit
and credit figures by the same amount.
● After a document has been reversed, the balance of the account affected is
shown as if the document had never been posted. (Negative Postings)
You generally post the reversal document in the same posting period as the
corresponding original document. If the posting period of the source document has
already been closed, you have to enter a date that falls in an open posting period (for
example, the current one) in the Posting date field.
Q10. A number of periodic tasks are executed on a regular basis (daily, weekly, or
monthly) in the SAP System. This process is supported by the individual components
of the Schedule Manager.
Which of the following are components of the Schedule Manager?
A. Flow definition
B. Scheduler
C. Monitor
D. Exception area
Answer:
A, B, C
The following are the key components of schedule manager:
Flow definition
In a flow definition, you can link tasks to each other if they are related or if you wish to
use a worklist in them. You can therefore schedule a flow definition as a task in the
scheduler.
Scheduler
In the scheduler, you can schedule tasks in a structure tree. You can use
drag-and-drop in a daily overview to enable the system to execute the tasks at
a certain time.
Monitor
The monitor gives you an overview of the scheduled tasks during and after processing.
You can correct faulty objects in a worklist.
Worklist
Objects that are to be processed in a processing step sequence are managed in the
worklist.
The worklist monitor presents information such as which objects were processed
without errors and which objects could not be processed. You can display information
on the cause of errors, and thus control the way in which the object is processed further.
The worklist ensures that when a processing step sequence is processed again, the
system only processes the objects which had errors or which you manually instructed
the system to reprocess.
Q11. 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.
Answer:
C
Recurring entries are business transactions that are repeated regularly, such as rent or
insurance. The following data never changes in recurring entries:
• Posting key
• Account
• Amounts
You enter this recurring data in a recurring entry original document. This document
does not update the transaction figures. The recurring entry program uses it as a basis
for creating accounting documents.
Structure
The system uses the recurring entry original document that you enter as a reference.
It is not an accounting document and therefore does not affect the account balance.
In the recurring entry document, you define when a posting is to be created with this
document.
You have two options for scheduling. Postings can be made periodically or
on a specific date:
• For periodic postings, specify the first and last day of execution, as well as the
interval in months.
• If you want to specify certain dates, enter a run schedule in the recurring entry
original document. Store the required dates in the Implementation Guide (IMG).
Define Recurring Entries  Document Choose Financial Accounting Global Settings

Run Schedules/Enter Run Dates.
To post recurring entry documents, you have to set up a separate number range for the
company codes that use them. You have to use key X1 for the number range. The
system takes numbers for the recurring entry original document from this number range.
Q12. You are responsible for 'dunning' configuration. Which of the following are part of
configuring the dunning functionality?
A. Dunning Codes
B. Dunning Items
C. Dunning areas
Answer:
C
The dunning configuration consists of configuring the following:
• Dunning procedure
The dunning procedure controls how dunning is carried out by the system. You can
define as many dunning procedures as you like.
• Dunning level
The dunning levels are calculated based on the number of days open items are in
arrears.
You can also have the system calculate the dunning levels based on the dunning
amount or a percentage paid (sales-related dunning level determination).
You can determine more than one dunning level per dunning procedure.
• Dunning areas
A dunning area is an organizational unit within a company code used for the dunning
process.
A dunning area can be a division or a sales organization. You assign a dunning area to
an open item when you are posting. You can dun items separately by dunning area.
SAP FI INTERVIEW QUESTION & AND ANSWER PART 3

01. Which are the necessary steps to create a validation?
Note: Please choose the correct answer.
a) Check, control, message
b) Prerequisite, check, update, control
c) Check, update, message
d) Prerequisite, check, message
02. Instead of the classic system monitoring of individual system components; with
Solution Monitoring, entire business processes can be monitored as a whole across multiple
components. Identify the three components that define the concept of Solution Monitoring:
Note: There are 3 correct answers to this question.
a) User Level management
b) Business Process Monitoring
c) System Monitoring
d) Service Level Management
e) Component Solution Monitoring
03. What does the fiscal year variant control?
a) The number of special periods available in addition to the normal periods
b) The number of periods (up to 16 posting periods including special periods)
c) The open periods (a period interval for closing and another for day-to-day business)
d) The number of periods (up to 52 posting periods and special periods)
04. You can configure different types of Chart of Accounts in the ERP system. Which one of
the following are TRUE Chart of Accounts?
a) Group chart of accounts
b) Country-specific chart of accounts
c) Operating chart of accounts
d) Plant-specific chart of accounts
05. When parking a document, which of the following occurs in the system?
a) The document number is not assigned and transaction figures are not updated.
b) The field status of the posting key.
c) The document number is not assigned but transaction figures are updated.
d) The document number is assigned but transaction figures are not updated
06. Which of the following parameters are defined in the payment program to select
appropriate open items?
a) Exchange rate type
b) Bank account
c) Program idetification
d) Purchasing group
07. What is a benefit of a drilldown report?

a) The navigation area
b) The edit and save functionality
c) The workflow connection
d) The automatic refresh
08. 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
09. You want to use external number assignment for specific document types. What is the
special feature of external number assignment?
a) The numbers can be alphanumeric.
b) The number ranges can overlap.
c) The number ranges can be used across all company codes.
d) The system issues the numbers automatically.
10. In New GL, 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 do a reversible close for the company
codes that have different fiscal years.
b) Use the same fiscal year variant for all company codes and set up parallel accounting for company
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.
11. Which of the following objects can you post to via the cash journal?
a) Asset master
b) Accrual Engine
c) Customer
d) One-time customer
e) Material master
12. 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
13. Which of the following are interactive functions available in the SAP List Viewer?
a) Dual control
b) Filters
c) Sorting
d) Summation
e) Master data modification
14. What is the maximum number of line items of an FI document?

a) Unlimited
b) 999
c) 99
d) 9999
15. 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.
16. 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.
17. 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.
d) To determine the document type.
18. 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 do a reversible close for the company
b) Create company codes with different fiscal year variants and assign them to the same group
company for reporting purposes.
c) 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.
d) Use the same fiscal year variant for all company codes and set up parallel accounting for company
19. What does the posting key control?

a) Account type
b) Document type
c) Field status
d) Debit/credit indicator
e) Number range
20. SAP Solution Manager provides support throughout the life cycle of solutions - which
common usage scenario is missing from the list of usage scenarios below? (Implement SAP
Solutions), (Monitor SAP Solutions), (Manage Service Desk), (Link to SAP Services),
(Upgrade SAP Solutions)
a) Monitor Service Desk
b) Manage Change Requests
c) Link to Change Requests
d) Implement SAP Services
Solutions:
QUESTION: 01 QUESTION: 02 QUESTION: 03 QUESTION: 04 QUESTION: 05
Answer: d Answer: b, c, d Answer: a, b Answer: a, b, c Answer: d
Answer: a, c Answer: a Answer: a, b, d Answer: a Answer: d
Answer: c, d Answer: d Answer: b, c, d Answer: b Answer: a, d
Answer: e Answer: c, d Answer: c Answer: a, c, d Answer: b
TEST YOUR SELF BEFORE FINAL BATTLE
Questions about General Ledger (GL)
1. Do parked documents appear on the GL account line item display?

a. Yes, they always appear.
b. No, they never appear.
c. They appear if the Parked items flag is active in the selection screen.
d. They appear if they have not been cleared.
2. Two company codes use the same chart of accounts. Can an account be defined as a balance sheet account for one
company and as a P&L statement account for another company?
a. No, because this characteristic is defined at chart of account level.
b. Yes, because this characteristic is defined at company code level.

c. It depends on how the account groups have been defined.
d. It depends on which node of the financial statement version is the account assigned.
3. Two company codes use the same chart of accounts. Can an account be defined with currency EUR for one company
code and with currency GBP for another company code?
a. No, because the account‟s currency is defined at the chart of account level.
b. Yes, because the account‟s currency is defined at the company code level.
c. Only if the second company code has an alternative chart of accounts in GBP.
d. Only if the second company has been defined with the currency GBP.
4. For a GL account in a company code 0001 a trading partner was defined, which is another company code 0002
implemented in the same SAP system. Which of the following statements have to be correct in order to make a posting to
this account?
a. The period of the posting needs to be opened in the company code 0002.
b. The document type, which will be used for the posting, has to be defined as active for intercompany postings.
c. A user will need an authorization to post in the company code 0002; otherwise SAP will not allow the posting.
d. The period of the posting needs to be opened in the company code 0001.
5. A user posts a wrong document in GL accounts. What can be done to correct the mistake?
a. The user can delete the wrong posting.
b. The user can create a reverse posting. It does not matter if the posting period of the original posting is already closed, because
SAP always allows this kind of corrections, even if the posting period is closed.
c. The user can flag the posting as incorrect, and SAP will automatically delete this posting when the period closing tasks are
performed.
d. The user can create a reverse posting. If the posting period of the original posting is already closed, the user can post the
reversal in the next period.
6. A user posts documents in a foreign currency. Which exchange rate does SAP use to convert the amounts to the local
currency?
a. SAP uses the exchange rate contained in the exchange rate table for the posting date specified in the posting, unless the user
enters a different exchange rate in the posting.
b. SAP uses the exchange rate contained in the exchange rate table for the date, on which the document is entered on the system,
unless the user enters a different exchange rate in the posting.
c. SAP uses the exchange rate entered manually in the posting.
d. SAP uses the exchange rate contained in the exchange rate table for the translation date specified in the posting, unless the user
enters a different exchange rate in the posting.
7. A user posts a document with a reference. Please identify the correct statements below.
a. The document generated by SAP will be an exact copy of the original one; the user cannot change any field.
b. SAP will allow modification of the amounts, but the texts of the original document cannot be changed.
c. SAP will allow modification of the texts, but the amounts of the original document cannot be changed.
d. SAP will allow modification of the texts and the amounts, if the user wishes to do so.
8. What is a recurring entry?

a. It is a document that will be posted periodically with the same data for a defined period of time.
b. It is a document that will be posted periodically with the same data until it is cancelled by a user.
c. Recurring entries are posted when a periodic process is run in SAP.
d. Recurring entries are posted automatically by SAP when their execution date arrives.
9. Do sample documents appear in an account balance?

a. Yes, they appear.
b. Yes, they appear, if a user selects the option „display sample documents‟.
c. No, they do not appear.
d. Yes, they appear, but only if a user displays a balance of a P&L account.
10. Two company codes use the same posting period variant. A user sets as open a period from 01.2012 to 01.2012 for
account type A (Asset). Which of the following statements is true?
a. Postings in period 11,2011 cannot be done in any case.
b. Postings in period 11.2011 can only be done in Asset accounts.
c. Postings in period 11.2011 can be done in any account type except Asset accounts.
d. Postings in period 11,2011 can be done just in one of the two company codes that have this posting period variant.
. Questions about Accounts Payable (AP)
11. Two companies have a vendor in common. Is it possible to use different payment terms for each company in the
vendor master data?
a. No, because the payment terms for the vendors are maintained once at the client level.
b. No, because the payment terms are not maintained in the vendor master data.
c. Yes, because the payment terms for the vendors are maintained once at company code level.
d. Yes, because the payment terms for the vendors are maintained once at purchasing organization level.
12. How is the due date of an invoice determined?

a. The due date is entered manually in the invoice by an accounting clerk.
b. The baseline date is entered manually in the invoice by the accounting clerk; the terms of the payment terms contained in the
master data are applied to calculate the due date.
c. The due date is automatically taken from the system date by SAP.
d. No due date is stored in SAP invoices.
13. Is it possible to have several payment methods for one vendor?

a. Yes, one vendor can have several payment methods.
b. Yes, because payment methods for vendors are maintained once at the company code level, so one vendor can have one
payment method for each company code, but just one.
c. No, only one payment method is allowed per vendor.
d. Payment methods are not maintained in the vendor master data.
14. A withholding tax code was specified in the vendor master data and at the same time no exemption reason was
entered. Please indicate which of the following statements is correct?
a. The vendor may have a certain amount withhold for taxes when an invoice is posted.
b. When an invoice is posted, no amount will be withheld as the vendor does not have any exemption reason.
c. The vendor may have a certain amount withheld for taxes when the payment of an invoice is posted.
d. Withholding tax codes are not maintained in the vendor master data.
15. Is it possible to use more than one withholding tax code for a vendor?
a. Yes, it is possible and in this case different amounts will be deducted.
b. Yes, withholding tax codes are not maintained in the vendor master data, but you can add as many as you wish when you do a
posting.
c. No, it is only possible to have just one withholding tax code.
d. No. This is possible for customers but not for vendors.
16. Is it possible to automatically generate a payment file for a bank and print a payment advice for a vendor in the
payment program?
a. No, payment program can only generate the payment file for the bank.
b. No, payment program can only print the payment advice for the vendor.
c. Yes, it is possible.
d. No, payment advice for the vendor cannot be printed from the payment program; you need to use the correspondence
functionality for the payment advice.
17. Is it possible to include the invoices, which have not been selected in the payment proposal by the payment program,
into the payment?
a. No, in the payment you can only pay the invoices, which were automatically selected by the payment program.
b. Yes, in the payment you can include invoices, which were not automatically selected by the payment program, but you still want
to pay.
c. No, in the payment you can only exclude invoices automatically selected by the payment program, which you do not want to pay,
but you cannot include any non-selected invoices.
d. Yes, in the payment you can include invoices, which were not automatically selected by the payment program, but you still want
to pay, unless there is a payment block on these invoices.
18. Is it possible that a company pays the invoices for another company implemented in the same SAP system using the
payment program?
a. Yes, this can be done using the same paying company in the system.
b. No, each company must pay its own invoices in SAP.
c. Yes, this can be done but only if both companies are based in the same country.
d. No. This cannot be done in SAP using the payment program. However, it can be done using manual payments.
19. Please indicate if the following statement is true or false. All the posting, which are done to a vendor, are posted to the
GL account defined in the vendor master data.
a. Yes, the GL account is defined in the vendor master data so that all the postings done to the vendor are transferred automatically
to that GL account.
b. No, using special GL indicators, SAP can post to an account different than the GL account, which is defined in the vendor master
data.
c. No, using special GL indicators, SAP will always post to an account different than the GL account, which is defined in the vendor
master data.
d. No, using down payment special GL indicator, SAP can post to an account different than the GL account, which is defined in the
vendor master data.
20. Are postings, which were done with special GL indicators, displayed in the vendor open items list?
a. Yes, they will always be displayed there.
b. Yes, they will be displayed there, if you indicate an option in the selection screen.
c. No, postings with special GL indicator are never displayed there.

d. No, postings with special GL indicator can only be displayed in the open items display of a GL account.
21. Which options does a user have to post a partial payment to vendor invoices?
a. The user can post it as a partial payment, the invoice will be cleared. The pending amount will be posted against the GL account
of extraordinary expenses.
b. The user cannot post the payment to the invoice until the whole amount of the invoice is paid.
c. The user can post it as a partial payment, the invoice will be still open but the amount, which is pending to be paid, will be lower.
d. The user can post it to the invoice, so that the invoice is cleared and the system generates a residual item with the pending
amount.
. Questions about Accounts Receivable (AR)
22. Two company codes have a customer in common. Is it possible to use different cash management group in the
customer master data for each company code?
a. No, because the cash management group for the customer is maintained once at the client level.
b. No, because the cash management group is not maintained in the customer master data.
c. Yes, because the cash management group for the customer is maintained once at the company code level.
d. Yes, because the cash management group for the customer is maintained once at the sales area level.
23. Is it possible to have several payment methods for a customer?

a. Yes, a customer can have several payment methods.
b. Yes, because the payment methods for a customer are maintained once at the company code level, so a customer can have one
payment method for each company code, but just one.
c. No, only one payment method is allowed per customer.
d. Payment methods are not maintained in the customer master data.
24. Is it possible to change the dunning level, which was automatically generated by the dunning program?
a. No, dunning levels can only be changed by the dunning program.
b. Yes, dunning levels can be changed manually in the customer master data.
c. No, dunning levels cannot be changed once updated by the dunning program.
d. Yes, dunning levels can be changed manually in the invoice.
25. Is it possible to include invoices, which have not been selected in the dunning proposal by the dunning program, into
the dunning run?
a. No, in the dunning run you can only pay the invoices selected automatically by the dunning program.
b. Yes, in the dunning run you can include invoices, which were not automatically selected by the dunning program, but you want to
dun.
c. No, in the dunning run you can only exclude invoices, which were automatically selected by the dunning program and you do not
want to pay, but you cannot include any of the non-selected invoices.
d. Yes, in the dunning you can include invoices, which were not automatically selected by the payment program and you want to
dun, unless they have a dunning block.
26. Please indicate if the following statement is true or false. All the posting, which were done to a customer, are posted to
the GL account defined in the customer master data.
a. Yes. The GL account is defined in the customer master data, so that all the postings done to the customer are transferred
automatically to that GL account.
b. No. Using special GL indicators, SAP can post to an account different than the GL account defined in the customer master data.
c. No. Using special GL indicators, SAP will always post to an account different than the GL account defined in the customer master
data.
d. No. Using special GL indicator of advances, SAP can post to an account different than the GL account defined in the customer
master data.
27. Please indicate if the following statement is true of false. The postings, which were done with special GL indicators, are
displayed in the customer open items list.
a. Yes, they will always be displayed there.
b. Yes, they will be displayed there, if a user indicates this in the selection screen.
c. No, postings with special GL indicator are never displayed there.
d. No, postings with special GL indicator can only be displayed in the GL account open items display.
28. Two company codes share a customer. Is it possible to block for postings the customer in one company code, but at
the same time to allow postings in another company code?
a. Yes, the customer can be blocked just in one company code.
b. No, if the customer is blocked, posting will not be allowed in any company.
c. Posting blocks are not allowed for customers.
d. Yes, it can be blocked just in one sales area.
29. Is it possible to automatically generate files for incoming payments from customers in the payment program?
a. No, payment program can only be used for outgoing payments; it cannot be used for customers.
b. No, customers‟ payments can only be processed manually.
c. Yes, payment program can be used to generate files for incoming payment from customers.
d. No, payment program can be used to generate files for payments from customers, but just for outgoing payments.
30. A customer of a company is at the same time a vendor of this company. Is it possible that SAP automatically clears all
items together in payment transactions?
a. No, it is not possible. Vendor items cannot be cleared with customer items.
b. Yes, it is possible. To do so, the vendor code should be assigned to the customer master data and the customer code should be
assigned to the vendor master data.
c. Yes, it is possible. You need to activate the flag “Clearing with vendor” in the customer master data and the flag “Clearing with
customer” in the vendor master data.
d. Yes, it is possible. To do so, vendor code should be specified in the customer master data and customer code should be specified
in the vendor master data. You need also to activate the flag “Clearing with vendor” in the customer master data and the flag
“Clearing with customer” in the vendor master data.
31. Can SAP calculate and post the interest on arrears for overdue customer invoices?
a. No, SAP can calculate the interest on arrears but it cannot post it. The posting needs to be done manually.
b. No, SAP cannot calculate the interest nor post it.
c. Yes, SAP can calculate the interest on arrears and post it.
d. Yes, this is done by the dunning program.
32. Can a user do an automatic clearing of all open items of a customer?

a. Yes, the automatic clearing process can do this. It groups the open items according to the predefined criteria and, if the amounts
are balanced, the clearing is done.
b. Yes, the automatic clearing process can do this. It groups all the open items of each customer and, if the amounts are balanced,
the clearing is done.
c. No, clearings can only be done manually on each customer account.
d. Yes, the clearing is done automatically by SAP, when the amounts are balanced in the customer account.
33. How is the dunning level of the invoices updated?

a. The dunning level can be automatically updated by SAP when the dunning program is run and the invoices are due.
b. The dunning can be updated manually in the invoice by an accounting clerk.
c. The dunning cannot be updated manually in the invoice by an accounting clerk.
d. The dunning level is automatically updated by SAP. There is no need of running the dunning program.
34. Which of the following characteristics of a document can be determined by the document type?
a. Account types that can be posted with this document type.
b. Company codes that can be posted with this document type.
c. The number range that the system will assign to the documents posted with this document type.
d. All the answers are correct.
35. SAP is going to generate a payment using the payment program. Which house bank will the program use?
a. If the house bank has been maintained in the vendor master data and in the open item, the program will use the one maintained
in the vendor.
b. If the house bank has been maintained in the vendor master data and in the open item, the program will use the one maintained
in the open item.
c. If the house bank has not been maintained in the vendor master data or in the open item, SAP will use the first house bank
entered in the ranking order of the payment program.
d. If the house bank has not been maintained in the vendor master data or in the open item, SAP will use the house bank defined in
the paying company code.
36. Which of the following features depends on the fiscal year variant?
a. The number of posting periods per year.
b. If the periods of the fiscal year variant correspond to the calendar year.
c. The number of special periods per year.
d. The day of the month, on which the posting period must be opened and closed.
37. How many parallel currencies can be defined for a company code in SAP?
a. Just one, the company code currency.
b. Just two, the company code currency and the group currency.
c. Up to three.
d. Up to four.
38. Is it possible to use withholding tax for customers?

a. Yes, it is possible with the standard withholding tax functionality.
b. Yes, but only if the extended withholding tax functionality is activated.
c. No, withholding tax cannot be used for customers as we will never pay them money.
d. Withholding tax codes are not maintained in the customer master data.
39. Posting keys control how the line item will be posted. Which of the following features are controlled by the posting
key?
a. Account type. (Vendor, customer, GL, asset or material).
b. If it is a debit or credit item.
c. If special GL indicator is allowed for the item.
d. Authorization group to control which user can post the item.
40. Which of the following sentences are correct regarding FI (Financial Accounting) validations?
a. Validations check the values entered by a user and modify these values if they are wrong.
b. Validations can check the values entered by a user in the header, in the line items or in the complete document.
c. Validations check the values entered by a user and give an error / warning message if the values are wrong.
d. Validations can check the values entered by a user in the header and in the line items, but not in the complete document.
41. A house bank is defined in SAP. In which related customizing could the house bank be used?
a. It can be used in the customizing of check management to control the ranges of checks issued by this bank.
b. It can be used in the customizing of SAP stock market tool to retrieve stock market index according to the standard specified by
this bank.
c. It can be used in the customizing of payment program to generate payments according to the standard specified by this bank.
d. It can be used in the customizing of electronic bank statement to process bank statements according to the standard specified by
this bank.
42. How many charts of depreciation can a company have in SAP?

a. You can assign to a company as many chart of depreciation as you may need.
b. You can assign to a company charts of depreciation that you need from the following: Local accounting, Group Accounting, IFRS
Accounting, USGAP Accounting.
c. You can assign to a company just two chart of depreciation (Local accounting & Group Accounting).
d. You can assign to a company just one chart of depreciation.
43. Asset classes can be defined in SAP. Which of the following features are controlled by them?
a. The number range that will be assigned by SAP to the assets created under this class.
b. The fields that will be available or mandatory when creating the asset master data.
c. The GL account determination used by the assets created under this class.
d. The capitalization date that will be assigned by SAP to the assets created under this class.
44. Which of the following features are controlled by the depreciation keys specified in the asset master data?
a. The fields, which are available in the asset master data.
b. To which GL account the depreciation will be posted.
c. How the asset will be depreciated.
d. The useful life of the asset.
45. Which of the following features are controlled by foreign currency valuation methods?
a. The posting document that SAP will use to post valuation exchange differences.
b. The posting document type that SAP will use to post valuation exchange rate differences.
c. The date that SAP will use to calculate the exchange rate differences.
d. The valuation procedure that SAP will use to calculate the exchange rate differences.
46. Which of the following features are controlled by the interest calculation indicators?
a. The items that will be used for the interest calculation.
b. The value of the reference interest rates that will be used for the calculation.
c. The type of calculation that will be used for the calculation.
d. The type of calendar that will be used for the calculation.
. Questions about Financial Accounting (FI) Closing
47. Please indicate which of the following statements regarding the closing cockpit are correct.
a. The closing cockpit allows closing the posting period in one step.
b. The closing cockpit allows processing of a sequence of SAP standard tasks. However, non-standard tasks are not allowed there.
c. The closing cockpit allows processing of a sequence of SAP tasks. These tasks can be standard SAP tasks or programs
developed by a customer.
d. The closing cockpit displays a calendar with the closing tasks defined for the company as a reminder, but tasks cannot be
executed from the closing cockpit, they need to be run in another session.
48. Please indicate which of the following statements regarding the balance interest calculation process are correct.
a. This process allows doing an account balance interest calculation for G/L accounts based on the value date of the postings.
b. This process allows doing an account balance interest calculation for G/L accounts based on the posting date of the postings.
c. This process allows doing an account balance interest calculation for G/L accounts based on the document date of the postings.
d. This process allows doing an account balance interest calculation for G/L accounts based on the due date of the postings.
49. Please indicate which of the following statements regarding the automatic clearing process are correct.
a. This process clears open items from G/L accounts automatically, based on the criteria defined in the customizing for the G/L
accounts automatic clearing.
b. This process clears open items from GR/IR, G/L accounts automatically, ignoring the criteria defined in the customizing for the
G/L accounts automatic clearing, if GR/IR clearing is selected in the selection screen.
c. This process clears open items from vendor and customer accounts automatically, based on the criteria defined in the
customizing for the vendor and customer accounts automatic clearing, but excluding special GL account postings, which cannot be
cleared automatically.
d. This process clears open items from vendor and customer accounts automatically, based on the criteria defined in the
customizing for the vendor and customer accounts automatic clearing, including special GL account postings, if the user wants them
to be cleared.
50. What does the recurring entries execution process allow?

a. This process allows the creation of new recurring entries and the posting of them during the second step.
b. This process allows the posting of the recurring entries pending to be posted up to the date, on which the process is run.
c. This process allows the posting of the recurring entries, which are pending to be posted and are included in the settlement period
specified in the selection screen.
d. This process allows parking of the recurring entries, which are pending to be posted and are included in the settlement period
specified in the selection screen.
51. What does the periodic accrual run process allow?

a. This process calculates and posts accruals from the accrual objects selected on a key date, which is entered on the selection
screen.
b. This process allows the reversal of periodic accrual runs.
c. This process calculates accruals from the accrual objects selected by the criteria entered on the selection screen. Postings need
to be done manually.
d. This process calculates and posts accruals from the accrual objects selected on the date the program is executed.
52. Please indicate which of the following statements regarding the reconciliation process are correct.
a. This process compares the figures from customers, vendors, and G/L accounts with totals from posted documents. If any
differences are found it, fixes this problem.
b. This process compares the figures from customers, vendors, and G/L accounts with totals from application indexes. If any
differences are found, it fixes this problem.
c. This process compares the figures from customer, vendor, and G/L accounts with totals from totals from application indexes. If
any differences are found, the problem needs to be analyzed.
d. This process compares the figures from customer, vendor, and G/L accounts with totals from posted documents. If any
differences are found, the problem needs to be analyzed.
53. What does the assets reconciliation process allow?

a. This process compares the figures from the asset summary records with balances from the G/L accounts corresponding to the
asset balances. If any differences are found, it fixes this problem.
b. This process compares the figures from the asset summary records with balances from the G/L accounts corresponding to the
ordinary depreciation. If any differences are found, the problem needs to be analyzed.
c. This process compares the figures from the asset summary records with balances from the G/L accounts corresponding to the
asset balances. If any differences are found, the problem needs to be analyzed.
d. This process compares the figures from the asset summary records with balances from the G/L accounts corresponding to the
ordinary depreciation. If any differences are found, it fixes this problem.
54. Please indicate which of the following statements regarding the reclassification of receivables / payables process are
correct.
a. If you have customer accounts that are in credit, the program will reclassify them as payable.
b. Receivables and payables overdue will be reclassified as doubtful.
c. If you have vendor accounts that are in debit, the program will reclassify them as receivable.
d. Receivables and payables are sorted in short term/ long term according to the remaining term and the required transfer postings
are carried out.
55. Please indicate which of the following statements regarding the foreign currency valuation process are correct.
a. This process carries out valuation of the open items in foreign currency. The generated exchange rate difference must be posted
manually as this process does not allow the automatic posting of the exchange rate difference.
b. This process carries out valuation of the open items in foreign currency. The generated exchange rate difference is posted as
exchange rate difference.
c. The balances of the G/L accounts in foreign currency are valuated; the generated exchange rate difference must be posted
manually as this process does not allow the automatic posting of exchange rate difference.
d. The balances of the G/L accounts in foreign currency are valuated; the generated exchange rate difference is posted as
exchange rate difference.
56. Please indicate which of the following statements regarding the program of balance carry forward for receivables and
payables are correct.
a. This program calculates the balance carried forward for customers and/or vendors. The balances of the previous year are carried
forward to the next year. If a posting in the previous year is done afterwards, it will be automatically carried forward to the current
year.
b. This program calculates the balance carried forward for customers and/or vendors. The balances of the previous year are carried
forward to the next year. If a posting in the previous year is done afterwards, this process needs to be run again to carry forward the
new balance.
c. This program calculates the balance carried forward for customers and/or vendors. The balances of the previous year need to be
posted manually in the next year.
d. This program clears the customers and/or vendors open items and recreate them again in the next year.
57. Please indicate which of the following statements regarding the balance carry forward for general ledger process are
correct.
a. This process calculates the balance carried forward for GL accounts for the general ledger or for any other ledger. The balances
of the previous year are carried forward to the next year. If a posting in the previous year is done afterwards, it will be automatically
carried forward to the current year.
b. This process calculates the balance carried forward for GL accounts for the general ledger or for any other ledger. The balances
of the previous year are carried forward to the next year. If a posting in the previous year is done afterwards, this process needs to
be run again to carry forward the new balance.
c. This process calculates the balance carried forward for GL accounts for the general ledger or for any other ledger. The balances
of the previous year need to be posted manually in the next year.
d. This process clears the GL open items and recreates them again in the next year.
58. Please indicate which of the following statements regarding the process of opening and closing periods are correct.
a. This process allows opening a new posting period. In order to do so the previous posting period needs to be closed, as no more
than one posting period can be opened at a time in SAP.
b. In this process a new posting period can be opened, just for a type of accounts (i.e. vendors).
c. In this process a new posting period can be opened, just for a group of users.
d. In this process the special posting periods can be opened.
. Questions about Asset Accounting
59. Is the same set of input fields available during the creation of various asset master data records?
a. It depends on the asset class that the user is using; if it is the same, the screen will have the same fields.
b. It depends on the company code that the user is using; if it is the same, the screen will have the same fields.
c. It depends on the chart of depreciation that the user is using; if it is the same, the screen will have the same fields.
d. It depends on the account determination that the user is using; if it is the same, the screen will have the same fields.
60. During the modification of an asset master data, which depreciation areas can be used?
a. We can use as many depreciation areas as we wish, choosing between the different depreciation areas that have been defined in
the customizing.
b. Depreciation areas are assigned according to the customizing done to the chart of depreciation and they cannot be changed. If
needed they can be deactivated.
c. Depreciation areas are assigned according to the customizing done to the asset class, but they can be changed by a user. If
needed, they can be deactivated.
d. Depreciation areas are assigned according to the customizing done to the asset class and they cannot be changed. If needed,
they can be deactivated.
61. How the depreciation start date is determined?

a. The depreciation start date is the day of creation of an asset master data.
b. The depreciation start date is assigned by the system when an asset is capitalized, but this date can be changed in the asset
master data.
c. The depreciation start date is assigned by the system when an asset is capitalized, and this date cannot be changed by a user.
d. This date is entered by a user during the creation of an asset master data.
62. Is it possible to post documents only to certain depreciation areas of an asset?

a. Yes, it is possible, but you must post to at least one real depreciation area.
b. Yes, it is possible, and you do not need to post to at least one real depreciation area.
c. No, it is impossible. If you post a document to an asset, you must post it to all the active depreciation areas of the asset.
d. It depends, if the asset has not yet been capitalized, you can do so.
63. An asset has started its depreciation and a following addition to the asset is done. What happens to the asset
depreciation?
a. It is needed to run the depreciation recalculation process that will recalculate the planned depreciation for the following months
considering the new addition.
b. SAP will recalculate automatically the planned depreciation for the following months considering the new addition.
c. SAP will not change the planned depreciation, but the date of depreciation end will be automatically changed in order to
depreciate the asset until it is completely depreciated.
d. The user will need to reverse the already posted depreciation and then recalculate the planned depreciation to post it from the
beginning.
64. When it might be necessary to run the recalculation of depreciation?

a. When the depreciation key is changed in an asset master data.
b. When there is an addition to an already depreciated asset.
c. When there is a retirement to an already depreciated asset.
d. When the useful life is changed in an asset master data.
65. An asset has been sold. Which of the following statements is correct?
a. SAP will post as revenue the amount of the sale.
b. SAP will post as revenue the difference between the amount of the sale and the net book value, if the sale amount is bigger than
the net book value.
c. SAP will set the asset as deactivated and no further postings to the asset will be permitted.
d. SAP will post as loss the difference between the amount of the sale and the net book value, if the sale amount is lower than the
net book value.
66. Please indicate which of the following statements is correct regarding the usage of assets under construction.
a. In order to convert the asset under construction into the final asset, a user has just to change the asset class to the final one.
b. One asset under construction can be settled into several different assets.
c. One asset under construction can be settled into objects different than an asset.
d. When one asset under construction is settled, the asset master data is deactivated.
67. Please indicate which of the following statements regarding the partial retirement without revenue are correct?
a. SAP will not allow the retirement if an asset is fully depreciated.
b. SAP will not post anything as loss if an asset is fully depreciated.
c. SAP will mark an asset as deactivated and no further postings to the asset will be permitted.
d. SAP will post a percentage of the net book value as a loss; this percentage equals to the retired percentage.
68. An asset from one company code of the group is transferred to another company code of this group. Which of the
following possibilities do we have regarding the revenue of the transfer?
a. Transfer of the asset without a revenue in the sending company code.
b. Transfer of the asset with a revenue entered manually by a user in the sending company code.
c. Transfer of the asset with the net book value from a depreciation area entered manually by a user in the sending company code.
d. Transfer of the asset with the revenue, which equals to the cost of the asset when it was bought in the sending company code.
69. Which of the following sentences regarding the depreciation run are correct?
a. During the depreciation run SAP posts the depreciation for the assets to different accounts depending on the account
determination, which was specified in the assets master data.
b. During the depreciation run SAP post the depreciation for the assets to different accounts entered on the selection screen of the
depreciation run.
c. During the depreciation run SAP post the depreciation for the assets to the CO (Controlling) objects entered on the assets master
data.
d. If during the depreciation run SAP issues an error message for a certain asset, the depreciation can be restarted for this asset.
. Questions about Basics of SAP ERP, SAP NetWeaver, and SAP Solution Manager
70. Which of the following sentences regarding batch input sessions are correct?
a. It is a technique to process large amounts of transactions. It can be generated by standard SAP programs or by non-standard
SAP programs. It can be processed in foreground or in background.
b. It is a technique to process large amounts of transactions. It can be generated by standard SAP programs or by non-standard
SAP programs. It can be processed in background, but not in foreground.
c. It is a technique to process large amounts of transactions. It can be generated by standard SAP programs but not by non-
standard SAP programs. It can be processed in in foreground, but not in background.
d. It is a technique to process large amounts of transactions. It can be generated by standard SAP programs but not by non-
standard SAP programs. It can be processed in foreground or in background.
71. What is the central user administration (CUA)?

a. It is an automatic process that creates SAP users for the employees hired in SAP HCM (Human Capital Management).
b. It is a tool that allows an administrator to create the necessary roles for the users only once. Afterwards the CUA replicates these
roles to all systems in the landscape.
c. It is a tool that allows an administrator to manage an employee‟s master data in SAP HCM and assign each employee a user id.
d. It is a tool that allows an administrator to create the user ids and assign them authorization roles only once. Afterwards the CUA
replicates these users to all systems in the landscape.
72. Which of the following sentences regarding an IDOC is correct?

a. An IDOC is document format for transferring the data for a business transaction.
b. An IDOC has one or several control records and one or several data records of different types.
c. An IDOC has one control record and one or several data records of different types.
d. An IDOC has a different format depending on the business transaction that is being transferred.
73. Which of the following sentences regarding ALE (Application Link Enabling) is correct?
a. ALE allows the construction of distributed systems that exchange business messages between different systems.
b. In the distribution model, different systems that can take part in the distribution are defined as well as message types, which they
can accept.
c. In the distribution model, we need to define the partner profiles that will take part in the distribution, this partner profiles need to be
other SAP systems.
d. In ALE SAP logical systems can be defined as partner profiles.
74. Which of the following statements regarding a spool request are correct?
a. A spool request is a process in SAP of sending the results from a program to a particular output device.
b. A spool request is stored in the spool system to temporarily hold the print data and to access it.
c. In spool request the data is stored in a temporary format, which can be displayed by a user.
d. A spool request is a document for which a print function has been selected. However, it has not yet been sent to a printer or
another device.
75. Which of the following statements regarding LSMW are correct?

a. LSMW stands for Link System Management Workbench. It is a tool that monitors the links between the different SAP systems of
the landscape.
b. LSMW stands for Legacy System Migration Workbench. It is a tool that allows the upload of information in SAP using IDOCs.
c. LSMW stands for Legacy System Migration Workbench. It is a tool that allows the upload of information in SAP using batch input
sessions.
d. LSMW stands for Legacy System Migration Workbench. It is a tool that allows the upload of information in SAP using direct
inputs.
76. Which of the following statements regarding an SAP job are correct?
a. A job is a background process that runs just one SAP program. Usually it used to run programs that would take a lot of time on
foreground processing.
b. A job can be scheduled to start when another job finishes.
c. A job is a background process that runs just one or more SAP programs. Usually it used to run programs that would take a lot of
time on foreground processing.
d. A job can be scheduled with a start date and time on which it starts.
. Questions about Reporting in Financials
77. Which of the following statements regarding the financial statement version are correct?
a. Each company code has one financial statement version assigned, which corresponds to the legal financial statement that the
company needs to deliver to the local authorities.
b. Each GL account can only be assigned to one financial statement version.
c. All GL accounts of a company code must be assigned to a financial statement version; otherwise the statement could be
unbalanced.
d. One GL account can be assigned to more than one financial statement version.
78. What is generated by the advance return for tax on sales/purchases?

a. It generates a VAT (Value Added Tax) report including all the input and output taxes posted in the company during a certain
period of time.
b. It checks and ensures that the VAT posted to the vendors or customers has been correctly calculated.
c. It can post the VAT liquidation according to the account configured in the customizing.
d. It can generate a DME (Data Medium Exchange) file for the VAT liquidation report for the local authorities.
79. Which of the following statements regarding EC (European Community) Sales list are correct?
a. It is a report that deals with standard documents, whose output VAT codes were marked as EC in configuration, to obtain a sales
list.
b. This report cannot display the line items if needed.
c. It issues an EC Sales list report that can be adapted to the requirement of the local authorities of each country.
d. It checks that the VAT registration number of the customer is contained in the document. Otherwise it gives an error message and
information that this document is not listed in the report.
80. What does the Asset history sheet display?

a. It can display the asset acquisitions and retirements transactions for a certain year.
b. It can display the total amount of depreciation posted for each asset class during the year.
c. It can display the total amount of the book value for each asset class at the beginning of the year and at the end of the year.
d. It can display the total amount of the book value for each asset at the beginning of the year and at the end of the year.
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SAP FI Interview Question and Answer

You create your company-specific organizational structure in the SAP System by

Organizational unit Definition

A. Operating chart of accounts

B. Group chart of accounts

C. Country-specific chart of accounts

D. Plant specific chart of accounts

Charts of accounts can have three different functions in the system:

• Operating chart of accounts

• Group chart of accounts

• Country-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

• One Controlling Area is Assigned to One Company Code

• Multiple Company Codes Assigned to One Controlling Area

Company Codes and Business areas have an n:m relationship

A. Cross-company code transactions that MUST be processed in a controlling area

B. Multilevel Product Cost Management across company codes

C. Representation of intercompany processes, whereby producing and delivering plant

• Cross-company code transactions that MUST be processed in a controlling area,

• Cross-company code CO postings that can be displayed in the reconciliation

• Representation of group costing.

• Use of Profit Center Accounting and transfer prices.

• Multilevel Product Cost Management across company codes

• Representation of intercompany processes, whereby producing and delivering

A. Tax on sales & purchases

The following Tax types are supported in a standard SAP system:

Tax on sales and purchases

A. Entering a customer invoice

Entering a customer or vendor invoice

Posting a customer or vendor payment and clearing open items

Entering special G/L transactions

If you are permitted to make additional account assignments to the automatically

A. Assigning document numbers

The following purposes are served by using 'Document Types:

• Differentiating between business transactions. The document type tells you

• Controlling the posting to account types (vendor, customer, or G/L

• Assigning document numbers. A number range is assigned to every

A. A document can be reversed if it has no cleared items

A document can only be reversed if:

Documents from SD can be reversed with a credit memo.

The following are the key components of schedule manager:

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

Define Recurring Entries  Document Choose Financial Accounting Global Settings

The dunning configuration consists of configuring the following:

SAP FI INTERVIEW QUESTION & AND ANSWER PART 3

07. What is a benefit of a drilldown report?

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

14. What is the maximum number of line items of an FI document?

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

19. What does the posting key control?

Answer: d Answer: b, c, d Answer: a, b Answer: a, b, c Answer: d

QUESTION: 06 QUESTION: 07 QUESTION: 08 QUESTION: 09 QUESTION: 10

Answer: a, c Answer: a Answer: a, b, d Answer: a Answer: d

QUESTION: 11 QUESTION: 12 QUESTION: 13 QUESTION: 14 QUESTION: 15

Answer: c, d Answer: d Answer: b, c, d Answer: b Answer: a, d

QUESTION: 16 QUESTION: 17 QUESTION: 18 QUESTION: 19 QUESTION: 20