Answers to SAP FI Questions

Here are the answers to sample SAP FI questions for certification.

1. (a) false;

If the flag Parked items is not active, they will not appear on the list.

(b) false;

If the flag Parked items is active, they will appear on the list.

(c) correct;

This is how it works.

(d) false;

Parked documents cannot be cleared.

2. (a) correct;

It is how it works.

(b) false;

It is defined at chart of account level, so it is defined once for all the companies that use the chart of accounts.

(c) false;

This has no influence on it.

(d) false;

This has no influence on it.

3. (a) false;

It is defined at company code level, so each company can have a different currency.

(b) correct;

It is defined at company code level, so each company can have a different currency.

(c) false;

This has no influence on this; furthermore charts of accounts do not have currencies assigned.

(d) false;

This has no influence on this; accounts can have currencies different from the currency of the company.

4. (a) false;

The posting is going to be done on company code 0001, so it does not matter if the period is opened or not in company code 0002.

(b) correct;

Otherwise, SAP will not allow posting it.

(c) false;

The posting is going to be done on company code 0001, so it does not matter if the user has authorization for company code 0002.

(d) correct;

If it is closed, the posting cannot be done.

5. (a) false;

Postings cannot be deleted in SAP.

(b) false;

If the posting period is closed, SAP will not allow it.

(c) false;

SAP does not do this.

(d) correct;

This can be done to fix the error.

6. (a) false;

SAP takes the date of the translation date.

(b) false;

SAP takes the date of the translation date.

(c) correct;

This is how SAP works, if the user enters the exchange rate.

(d) correct;

This is how SAP works.

7. (a) false;

SAP will allow modifying the fields.

(b) false;

Text can also be modified if the user wishes to do it.

(c) false;

Amounts can also be modified if the user wishes to do it.

(d) correct;

Text and amounts can be modified if the user wishes to do it.

8. (a) correct;

This is how it works.

(b) false;

Recurring entries must have the last date of execution.

(c) correct;

This is how it works.

(d) false;

Periodic process needs to be run to post them.

9. (a) false;

They do not appear because they are not real documents just samples.

(b) false;

This option does not exist.

(c) correct;

They do not appear because they are not real documents just samples.

(d) false;

They do not appear because they are not real documents just samples.

10. (a) false;

The posting period has been set to 01.2012 just for asset accounts.

(b) false;

The posting period has been set to 01.2012 for asset accounts.

(c) correct;

The posting period has been set to 01.2012 just for asset accounts.

(d) false;

When both companies use the same posting period variants, if the user opens/closes one period, it is done for both companies.

11. (a) false;

Payment terms are maintained at company code level or at the purchasing organization level, so it is possible to have different payment terms for each company.

(b) false;

Payment terms are maintained at vendor master data.

(c) correct;

Payment terms are maintained at company code level or at the purchasing organization level, so it is possible to have different payment terms for each company.

(d) correct;

Payment terms are maintained at company code level or at the purchasing organization level, so it is possible to have different payment terms for each company.

12. (a) false;

The clerk can enter the baseline date but not the due date.

(b) correct;

The clerk can enter the baseline date and the payment terms are applied to that date.

(c) false;

The clerk can enter the baseline date but not the due date; SAP does not enter anything in the due date automatically.

(d) correct;

The clerk can enter the baseline date but not the due date.

13. (a) correct;

One vendor can have several payment methods.

(b) false;

One vendor can have several payment methods in one company.

(c) false;

One vendor can have several payment methods.

(d) false;

Payment methods are maintained at vendor master data.

14. (a) correct;

Withholding taxes can be setup to withhold the amount in the invoice or in the payment.

(b) false;

If the vendor has an exemption reason no amount will be withheld, if it does not have it, the amount will be withheld.

(c) correct;

Withholding taxes can be setup to withhold the amount in the invoice or in the payment.

(d) false;

Withholding tax codes are maintained in vendor master data.

15. (a) correct;

One vendor can be subject to several withholding taxes.

(b) false;

Withholding tax codes are maintained in vendor master data.

(c) false;

One vendor can be subject to several withholding taxes.

(d) false;

One vendor can be subject to several withholding taxes.

16. (a) false;

It can be done by the payment program.

(b) false;

It can be done by the payment program.

(c) correct;

It can be done by the payment program.

(d) false;

It can be done by the payment program.

17. (a) false;

You can add invoices that have not been selected by the program for some reasons (for example, payment blocks, missing payment methods, etc.).

(b) correct;

You can add invoices that have not been selected by the program for some reasons (for example, payment blocks, missing payment methods, etc.).

(c) false;

You can add invoices that have not been selected by the program for some reasons (for example, payment blocks, missing payment methods, etc.).

(d) false;

Payment blocks can be removed in the payment program to pay those invoices.

18. (a) correct;

This can be setup in SAP.

(b) false;

This can be setup in SAP, using the same paying company.

(c) false;

This can be setup in SAP, regardless of the country where the companies are based.

(d) false;

This can be setup in SAP, using the same paying company.

19. (a) false;

Using special GL account indicators the postings can go to a different GL account.

(b) correct;

Using special GL account indicators the postings can go to a different GL account.

(c) false;

Special GL account indicators can be defined with the same GL account, so the posting will go to the same account.

(d) correct;

Using special GL account indicators the postings can go to a different GL account (down payment or any other).

20. (a) false;

You need to specify in the selection screen if you want the system to display them.

(b) correct;

You need to specify in the selection screen if you want the system to display them.

(c) false;

If you specify in the selection screen the system will display them.

(d) false;

They can be displayed in the vendor open items. If you specify in the selection screen, the system will display them.

21. (a) false;

Partial payments do not clear the original invoice.

(b) false;

A user can make a partial payment of create a residual item.

(c) correct;

This is one possibility.

(d) correct;

This is one possibility.

22. (a) false;

Cash management group is maintained at the company code level, so it is possible to have different cash management group for each company.

(b) false;

Cash management group is maintained at customer master data.

(c) correct;

Cash management group is maintained at the company code level, so it is possible to have different cash management group for each company.

(d) false;

Cash management group is not maintained at the sales area level.

23. (a) correct;

One customer can have several payment methods.

(b) false;

One customer can have several payment methods in one company.

(c) false;

One customer can have several payment methods.

(d) false;

Payment methods are maintained at customer master data.

24. (a) false;

It can be changed manually in the customer master data or in the invoice.

(b) correct;

It can be changed manually in the customer master data or in the invoice.

(c) false;

It can be changed manually in the customer master data or in the invoice.

(d) correct;

It can be changed manually in the customer master data or in the invoice.

25. (a) false;

You can add invoices that have not been selected by the program for some reasons (for example, dunning blocks).

(b) correct;

You can add invoices that have not been selected by the program for some reasons (for example, dunning blocks).

(c) false;

You can add invoices that have not been selected by the program for some reasons (for example, dunning blocks).

(d) false;

Dunning blocks can be removed in the dunning program to dun those invoices.

26. (a) false;

Using special GL account indicators the postings can go to a different GL account.

(b) correct;

Using special GL account indicators the postings can go to a different GL account.

(c) false;

Special GL account indicators can be defined with the same GL account, so the posting will go to the same account.

(d) false;

Using special GL account indicators the postings can go to a different GL account (advances or any other).

27. (a) false;

You need to specify in the selection screen if you want the system to display them.

(b) correct;

You need to specify in the selection screen if you want the system to display them.

(c) false;

If you specify in the selection screen the system will display them.

(d) false;

They can be displayed in the vendor open if you specify in the selection screen the system will display them.

28. (a) correct;

Posting block is maintained at company code level.

(b) false;

Posting block is maintained at company code level.

(c) false;

They can be blocked at a company code level.

(d) correct;

Posting block is maintained at a company code level or sales area.

29. (a) false;

Payment program can be used to generate incoming payments for incoming payment methods.

(b) false;

Payment program can be used to generate incoming payments for incoming payment methods.

(c) correct;

Payment program can be used to generate incoming payments for incoming payment methods.

(d) false;

Payment program can be used to generate incoming payments for incoming payment methods.

30. (a) false;

It is possible.

(b) false;

It is possible, but 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 as well.

(c) false;

You need to assign vendor code to the customer master data and customer code to the vendor master data; otherwise SAP cannot know which vendor corresponds to the customer.

(d) correct;

This is how it works.

31. (a) false;

SAP can calculate and post these interests.

(b) false;

SAP can calculate and post these interests.

(c) correct;

SAP can calculate and post these interests.

(d) false;

Dunning program does not do this.

32. (a) correct;

SAP can do this automatic clearing.

(b) false;

SAP groups the open items by the automatic clearing criteria. All items could be balanced, but if the different groupings done according to the criteria are not balanced, not automatic clearing will take place.

(c) false;

SAP also allows the automatic clearing.

(d) false;

SAP does not do this.

33. (a) correct;

This is how dunning program works.

(b) correct;

SAP allows manual modification of dunning levels.

(c) false;

SAP allows manual modification of dunning levels.

(d) false;

This is done by the dunning program, and it needs to be done by the user.

34. (a) correct;

Document type controls this. If one account type has not been defined in the document type you will not be able to use it.

(b) false;

Document type does not control this.

(c) correct;

Document type controls this. The number that SAP will assign to the document depends on the document type.

(d) false;

Second answer is incorrect.

35. (a) false;

If it has been maintained in the master data and in the item, SAP picks the one in the item.

(b) correct;

If it has been maintained in the master data and in the item, SAP picks the one in the item.

(c) correct;

This is how SAP works in this case.

(d) false;

You cannot enter the house bank at the paying company level.

36. (a) correct;

This is determined by the fiscal year variant.

(b) correct;

This is determined by the fiscal year variant.

(c) correct;

This is determined by the fiscal year variant.

(d) false;

This is not determined by the fiscal year variant.

37. (a) false;

It can be defined up to three.

(b) false;

It can be defined up to three.

(c) correct;

It can be defined up to three.

(d) false;

It can be defined up to three.

38. (a) false;

Withholding tax codes can only be used for customers when the extended withholding tax functionality is activated.

(b) correct;

Withholding tax codes can only be used for customers when the extended withholding tax functionality is activated.

(c) false;

Withholding tax codes can only be used for customers when the extended withholding tax functionality is activated.

(d) false;

Withholding tax codes are maintained at customer master data if the extended withholding tax functionality is activated.

39. (a) correct;

This is controlled by the posting key.

(b) correct;

This is controlled by the posting key.

(c) correct;

This is controlled by the posting key.

(d) false;

This is not controlled by the posting key.

40. (a) false;

This is done with the substitutions; in validations the values cannot be changed.

(b) correct;

This is how validations work.

(c) correct;

This is how validations work.

(d) false;

Validations can also check the complete document.

41. (a) correct;

It can be used like this.

(b) false;

This does not exist.

(c) correct;

It can be used like this.

(d) correct;

It can be used like this.

42. (a) false;

One company can just have one chart of depreciation.

(b) false;

One company can just have one chart of depreciation; it can have several depreciation areas to implement different accounting principles.

(c) false;

One company can just have one chart of depreciation; it can have several depreciation areas to implement different accounting principles.

(d) correct;

One company can just have one chart of depreciation.

43. (a) correct;

This is controlled by the asset class.

(b) correct;

This is controlled by the asset class.

(c) correct;

This is controlled by the asset class.

(d) false;

This is not controlled by the asset class; SAP assigns it when the asset is capitalized by a posting.

44. (a) false;

This is not controlled by the depreciation key, but by the asset class.

(b) false;

This is not controlled by the depreciation key, but by the account determination assigned to the asset master data.

(c) correct;

This is controlled by the depreciation key.

(d) false;

This is not controlled by the depreciation key, but by the asset master data.

45. (a) correct;

This is controlled by the valuation method.

(b) correct;

This is controlled by the valuation method.

(c) false;

This is not controlled by the valuation method; this is entered on the selection screen of valuation process.

(d) correct;

This is controlled by the valuation method.

46. (a) correct;

This is controlled by the interest calculation indicator.

(b) false;

This is not controlled by the interest calculation indicator; it is assigned to the reference interest rate characteristic.

(c) correct;

This is controlled by the interest calculation indicator.

(d) correct;

This is controlled by the interest calculation indicator.

47. (a) false;

Closing cockpit does not do this.

(b) false;

You can define the use of nonstandard tasks as well.

(c) correct;

You can define the use of nonstandard tasks.

(d) false;

You can run the tasks from the closing cockpit.

48. (a) correct;

This is done by this process; it can be done based on a value date.

(b) correct;

This is done by this process; it can be done based on a posting date.

(c) correct;

This is done by this process; it can be done based on a document date.

(d) false;

This is done by this process; it cannot be done based on a due date.

49. (a) correct;

This is how it works.

(b) correct;

This is how it works.

(c) false;

Special GL accounts postings can also be cleared by this process.

(d) correct;

Special GL accounts postings can also be cleared by this process.

50. (a) false;

This process does not allow the creation of new recurring entries, it just post the recurring entries already created.

(b) false;

This process selects the recurring entries to be posted based on the settlement period entered in the selection screen, not based in the execution date.

(c) correct;

This process selects the recurring entries to be posted based on the settlement period entered in the selection screen, not based on the execution date.

(d) false;

The created documents are posted, not parked.

51. (a) correct;

This is how it works.

(b) correct;

It is allowed.

(c) false;

Is does the postings as well.

(d) false;

It is based on a key date entered in the selection screen not in the execution date.

52. (a) false;