SAP FI Certification Sample Questions and Answers Set - 2

01. Which are the necessary steps to create a validation?
Please choose the correct answer.
a) Check, control, message
b) Prerequisite, check, update, control
c) Check, update, message
d) Prerequisite, check, message

02. During which actions does the system assign the document number for Financial Accounting?
There are 2 correct answers to this question.
a) Post
b) Simulate
c) Hold
d) Park

03. What does the fiscal year variant control?
There are 2 correct answers to this question.
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?
There are 3 correct answers to this question.
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?
Please choose the correct answer.
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?
There are 2 correct answers to this question.
a) Exchange rate type
b) Bank account
c) Program idetification
d) Purchasing group

07. What is a benefit of a drilldown report?
Please choose the correct answer.
a) The navigation area
b) The edit and save functionality
c) The workflow connection
d) The automatic refresh

08. Which of the following business scenarios can be handled with accrual and deferral postings?
Please choose the correct answer.
a) Monthly rent payments for an office building
b) One-time payment for fixing flooding damage
c) One-time payment for one-year cloud storage service
d) Monthly subscription to a financial newspaper

09. You want to use external number assignment for specific document types. What is the special feature of external number assignment?
Please choose the correct answer.
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 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?
Please choose the correct answer.
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 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.