SAP FICO Certification Questions and Answers # 3

1. Which of the statements on document principles are correct?
a. each business event creates an accounting document in R/3
b. a business event might trigger more than one document in R/3
c. R/3 will link related documents in the system
2. In the payment process, automatic options to the users are
a. select open invoice to the paid or collected, and post payment documents
b. post payment documents and print payment media
c. select open invoices to be paid or collected, post payment documents and print payment media
3. Which of the following are true
a. any payment block can be removed in payment proposal edit
b. only line item payment block can be removed during the payment proposal
c. items that cannot be paid are deleted in the exception list

4. Which of the statements on payment program are correct

a. there are four steps in payment process: parameters, proposal program run, print
b. once the parameters have been specified, the print program is scheduled to generate the print

5. Every run of the payment program is identified by two fields – run date and identification.
TRUE/FALSE
6. Which of the following statements are true
a. the run date is recommended to be the actual date when the program is executed
b. the field identification is used to run print program
7. Which of the following statements are true
a. the G/L account name for house bank must match the names given to the house bank in the bank directory
b. the G/L account names for house banks are user-definable
c. the G/L account names for house banks could be the bank name and account number
d. the G/L account names for house banks are defined in bank directory
e. at company code level, G/L account names for house banks can be different from those in chart of accounts
8. Which of the following statements are true in respect of payment program
configuration in all company codes areas

a. sending company code and paying company codes are same always
b. by specifying the vendor/customer, special G/L transaction to be paid, we can process specified special G/L transactions only
c. by activating payment method supplements, we can print and sort payments
9. Which of the statements are true in respect to configuration of payment program, bank determination area
a. without ranking order, system will not process the payments
b. bank payment methods combination is must to define ranking order
c. without maintaining the value date in bank selection, system will not process the payments
10. If we are using check management, which of the statements is true
a. define check lots in order to print checks
b. check lots are used only for automatic payments
11. Say true or false
a. all company codes in the payment run parameters must be in the same country
b. a payment method can only be used if it is entered in the account master record
c. the payment proposal can only be edited, deleted and recreated as often as desired
d. the exception list is a part of the payment proposal
12. Which of the statements are true when running the dunning program
a. we can edit proposal
b. we cannot delete the proposal
c. we can recreate the proposal until the dunning clerk is satisfied with the result
d. after completing the dunning proposal list, dunning data is updated in the master records of respective customer/ vendor
13. Which of the following statements are true
a. one time accounts cannot be dunned
b. we can assign two dunning procedures to customer master records
c. dunning procedure can process only standard transactions
d. interest can be posted at the time of dunning run
14. The maximum dunning levels can be defined in dunning procedure are
a. four
b. six
c. nine
15. An item whose days in arrears are smaller or identical to the grace periods, dunning program will consider for the dunning notice.
TRUE/FALSE
16. What information does a dunning run change?
a. the date of the ‘last dunning run’ in the customer master record
b. the dunning level in the customer master record
c. the dunning level in documents for which dunning notices are created
d. form (lay out set) specifications in the customer master record for the text in the next dunning letter
e. the dunning procedure in the customer master record for the next dunning run
17. Which of the statements are true
a. we can calculate interest on G/L account under interest on arrears method
b. each interest id must be assigned an interest calculation type
c. R/3 uses same interest calculation indicator for each combination of interest variables, such as calculation frequency, calendar types, currency
18. Two steps to define financial statement versions are
a. enter it in the directory of financial statement version
b. define hierarchy levels and assign accounts
19. Which of the following statements are false
a. we can not specify per dunning level that interest is to be calculated
b. we cannot print a dunning notice in a legal dunning procedure, although no further account movements have occurred
c. we can set a minimum amount for dunning charges on each dunning level
20. Which of the following statements are true
a. a financial statement version consists of maximum 9 hierarchy levels
b. we cannot assign account group according to balance
c. drill down reporting is a tool that enables to analyze sub-ledger transaction amount
21. Individual value adjustment for doubtful receivables are possible
a. through special G/L transaction
b. through normal transaction
c. both of the above
22. Foreign currency valuation is possible
a. only for vendor/customer open items
b. only balance sheet items (G/L items)
c. both of the above
23. Which of the following statements are true
a. when we are valuating open items without update for reversal of the adjustment posting after key date, key user can define another posting date in place of keydate + 1
b. when we have regrouped the receivables/vendors, system carries out adjustment postings
c. allocating costs to financial accounting through external settlement, the G/L is updated online/real time
24. Depreciation postings can be executed
a. through background processing (batch input session)
b. direct FI postings
c. any one of the above
25. We cannot select individual business transactions for locking from a lsit of all the
actual and plan business transactions.
TRUE/FALSE

KEY
1. A-F, B-T, C-T
2. C
3. A-F, B-F, C-T
4. A
5. T
6. A-T, B-F
7. A-F, B-T, C-T, D-F, E-F
8. A-F, B-T, C-T
9. A-T, B-T, C-F
10. A-T, B-F
11. A-T, B-F, C-T, D-T
12. A-T, B-F, C-T, D-F
13. A-F, B-F, C-F, D-F
14. C
15. F
16. A,B,C
17. A-F, B-T, C-F
18. A
19. A-F, B-F, C-T
20. A-F, B-F, C-F
21. A
22. C
23. A-T, B-T, C-T
24. C
25. F

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