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
.
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
.
