SAP FICO Sample FAQs 2

1. About evolution in the world of business, we can affirmate that (Please choose the correct sentence):

a) [ ] The internet revolution could turn available to companies the use of ERP functionality.
b) [ ] The next generation of “new dimension” products appeared taking functionality out of the company, to bring value through extending the Internet Revolution.
c) [ ] The internet has driven to a collaborative environment where value is created through collaboration within business comunities.
d) [ ] In the first the companies were looking at Cost reduction and efficiency through integration of business comunities.

2. About the definition of ERP and e-business functionalities, we can say that (Note: we can have more than one correct sentence. Please select the sentences you think they are correct):

a) [ ] ERP offers enterprise centric functionality (general ledger, payroll, order entry) to integrate core, internal processes.
b) [ ] ERP is mySAP Financials and mySAP HR.
c) [ ] ERP is SAP R/3, while e-business is mySAP.com.
d) [ ] About Business Model, ERP can be considered as enterprise centric and e-business, as extended and collaborative.
e) [ ] About Architecture, ERP can be considered as an integrated system and e-business, as an integrated system and an open integration platform.
f) [ ] About Processes, ERP can have them integrated, core within enterprises and collaborative, beyond company boundaries.


3. What is a SAP Business Object (Please choose the correct sentence)?

a) [ ] It is all the transaction data generated via transactions.
b) [ ] It is the instancied class of the Class Builder.
c) [ ] It is composed of tables that are related in a business context, including the related appplication programs and it is maintained in the Class Repository.
d) [ ] It is the representation of a central business object in the real world, such as an employee, sales order, purchase requisition, invoice and so on.
e) [ ] It is a sequence of dialog steps that are consistent in a business context and that belong together logically.

4. About BAPI (Business Application Programming Interface), what is true (Note: we can have more than one correct sentence. Please select the sentences you think they are correct)?

a) [ ] It is a well-defined interface providing access to processes and data of business application systems.
b) [ ] BAPIs offer a stable, standardized interface for integrating third-party applications and components in the Business Framework.
c) [ ] A BAPI is assigned to one and only one business object.
d) [ ] In the R/3 Enterprise version (4.7) we can use BAPI to create an internal order inside a customized ABAP program.
e) [ ] A business object in the Business Object Repository (BOR) can have many methods from which one or several are implemented as BAPIs.

5. What can we say about ALE (Application Link Enabling, Note: we can have more than one correct sentence. Please select the sentences you think they are correct)?

a) [ ] Business processes cannot be distributed using ALE.
b) [ ] The ALE concept is related to an enterprise structure with areas that have central tasks and areas with tasks that are decentralized.
c) [ ] The applications are integrated via a central database.
d) [ ] The applications are integrated via the message exchange.
e) [ ] The ALE concept supports the implementation and operation of distributed SAP applications.


6. A company code is:

a) [ ] an independent accounting entity (the smallest organization element for which a complete self-contained set of accounts can be drawn up).
b) [ ] an organizational unit in an enterprise that represents a closed system used for cost accounting purposes.
c) [ ] an organizational unit that provides an additional evaluation level for the purpose of segment reporting, for example.
d) [ ] a dependent accounting entity, according to Fiscal Year.
e) [ ] the highest level in the R/3 system hierarchy.


7. Consider the following sentences:

7.1. The variant principle is a three-step method used in R/3 to assign special properties to one or more R/3 objects.
7.2. One of the disadvantages to use variants is that it can't deal with the maintenance of properties, which are common among several business objects.
7.3. For using the variant principle, you must define the variant, populate it with values and assign it to the R/3 objects.
7.4. This principle is used for Fiscal Years, Posting Periods and so on.

Which of them is false?

a) [ ] 7.1 and 7.2.
b) [ ] 7.1 and 7.3.
c) [ ] 7.1.
d) [ ] 7.2.
e) [ ] 7.3.

8. Consider the following sentences:

8.1. A fiscal year has to be defined by means of separating business transactions into different periods.
8.2. Special periods are used for postings, which are related to the process of the year-end closing. In total, 16 special periods can be used.
8.3. The Fiscal Year variant only defines the amount of periods and their start and finish dates.
8.4. The Fiscal Year is defined as a variant, which is assigned to the chart of accounts.

Which of them are true?

a) [ ] 8.1 and 8.2.
b) [ ] 8.1 and 8.3.
c) [ ] 8.2 and 8.3.
d) [ ] 8.2 and 8.4.
e) [ ] 8.3 and 8.4.

9. What is an independent fiscal year variant (Please choose the correct sentence)?

a) [ ] It is a variant which the postings periods are only equal to the months of the year.
b) [ ] It is a variant which you can define different number of periods, according to the year.
c) [ ] It is a variant which each own fiscal year uses the same number of periods, and the postings periods always start and end at the same day of the year.
d) [ ] It is a variant which allows the use of different number of posting periods.
e) [ ] It is a variant not normally used because of its particularity.

10. Consider the following statements about currencies concepts:

10.1. The currency code identifies each currrency that will be used into R/3 system.
10.2. You have to define all the worldÂ’s currency into R/3 system
10.3. Exchange rate types distinguishes the exchange rates to be considered for various purposes, such as valuation, translation, conversion, planning, etc.

Which of them is true (Note: we can have more than one correct sentence. Please select the sentences you think they are correct)?

a) [ ] 10.1.
b) [ ] 10.2.
c) [ ] 10.3.
d) [ ] none of them.
e) [ ] all of them.


11. Consider the following sentences:

11.1. A base currency can be assigned to an exchange rate type.
11.2. To deal with exchange rate spreads, two very efficient combinations of the exchange rate tools are using a base currency for the average rate (M) and using the exchange rate spreads to calculate the buying and selling rates (B and G).
11.3. A base currency can be used for an average, a buying or a selling rate.
11.4. The relations between currencies have to be maintained per exchange rate type and currency pair in the translation factors.

Which of these combinations is true?

a) [ ] 11.1, 11.3 and 11.4.
b) [ ] 11.1, 11.2 and 11.4.
c) [ ] 11.2, 11.3 and 11.4.
d) [ ] 11.1, 11.2 and 11.3.
e) [ ] 11.1, 11.2, 11.3 and 11.4.

12. Consider the following sentences about the direct quotation:

12.1. It is also known as price notation.
12.2. The currency value is expressed in units of the foreign currency per unit of local currency.
12.3. For direct quotation, the prefix to indicate the rate is “/”.

What is the correct option?

a) [ ] 12.1.
b) [ ] 12.2.
c) [ ] 12.3.
d) [ ] none of them.
e) [ ] all of them.

13. Consider the following sentences about the indirect quotation:

13.1. It is also known as volume notation.
13.2. The currency value is expressed in the local currency per unit of foreign currency.
13.3. For indirect quotation, there is no prefix to difference between direct quotation.

What is the correct option?

a) [ ] all of them.
b) [ ] none of them.
c) [ ] 12.3.
d) [ ] 12.2.
e) [ ] 12.1.


14. What of these alternatives are considered master data (Note: we can have more than one correct sentence. Please select the sentences you think they are correct)?

a) [ ] Chart of Accounts.
b) [ ] G/L Accounts.
c) [ ] Vendor.
d) [ ] Customer.
e) [ ] Asset.

15. What can we define into the chart of accounts customizing transaction (OB13 transaction, Note: we can have more than one correct sentence. Please select the sentences you think they are correct)?

a) [ ] Description.
b) [ ] Maintenance language.
c) [ ] Length of the company code.
d) [ ] Length of the G/L account number.
e) [ ] Blocking / unblocking chart of accounts.


16. Consider the following sentences about the chart of accounts segment:

16.1. It contains the Company Code, Account number and the field status group.
16.2. Whenever you need to enter information for a company code for an account number, you have to type again the information related to chart of accounts segment.
16.3. Texts can be displayed using the program “Account assignment manual”(RFSKTH00).
16.4. Key words facilitate the search for account numbers.

Which of these combinations are false (Note: we can have more than one correct sentence. Please select the sentences you think they are correct)?

a) [ ] 16.1.
b) [ ] 16.2.
c) [ ] 16.3.
d) [ ] 16.4.
e) [ ] none of them.


17. True or false?

17.1. Every company code that needs to use an account from the assigned chart of accounts has to create its own company code segment.
a) [ ] True b) [ ] False

17.2. For P+L statement accounts, the balance is carried forward to the same account.
a) [ ] True b) [ ] False

17.3. In the chart of accounts segment, it is necessary to indicate whether the account will be a balance sheet or a profit+loss statement account.
a) [ ] True b) [ ] False

17.4. Number intervals for G/L account master records can overlap.
a) [ ] True b) [ ] False

17.5. It is not possible to influence the appearance of an account’s master data.
a) [ ] True b) [ ] False


18. Consider the following sentences about field status:

18.1. Fields which are _____________ can be ____________.
18.2. Fields which have an entry that ________________ can be set to
_________ only (even in change mode).

Which of the options below matches the blank spaces of those sentences?

a) [ ] used/supressed for 18.1; must be changed/display for 18.2.
b) [ ] not used/supressed for 18.1; must be changed/display for 18.2.
c) [ ] not used/optional for 18.1; should not be changed/supressed for 18.2.
d) [ ] not used/supressed for 18.1; should not be changed /display for 18.2.
e) [ ] used/optional for 18.1; must be changed/display for 18.2.

19. Consider the following sentences about field status:

19.1. Fields which _____________ can be made ____________.
19.2. Fields that can be entered, but are not required, can be set to _________ entry.

Which of the options below matches the blank spaces of those sentences?

a) [ ] must not have an entry/optional for 19.1; suppresed for 19.2.
b) [ ] must have an entry/supressed for 19.1; suppresed for 19.2.
c) [ ] must have an entry/optional for 19.1; optional for 19.2.
d) [ ] must have an entry/required for 19.1; optional for 19.2.
e) [ ] must not have an entry/required for 19.1; optional for 19.2.

20. Consider the following sentences:

20.1. Reconciliation accounts are general ledger accounts assigned to the business partner master records to record all transactions in the sub-ledger.
20.2. For accounts without line item display, the most important data from the posted line items is stored in a special index table.
20.3. The account currency must be in the local currency.
20.4. Items in accounts with open item management means the G/L accounts should have a offsetting posting for a given business transaction.

Which of these are true (Please choose the correct sentence)?

a) [ ] 20.1 and 20.3.
b) [ ] 20.2 and 20.4.
c) [ ] 20.1 and 20.2.
d) [ ] 20.2 and 20.3.
e) [ ] 20.1 and 20.4.



Answers:

1. C

2. A, C, D, E.

3. D

4. A, B, C, D, E.

5. B, D, E.

6. A

Item “B” is the definition of controlling area.
Item “C” is the definition of business area.
Item “D” is not any definition.
Item “E” is the definition of client.

7. D
In fact, the main advantage of using variants is that it is easier to maintain properties, which are common among several business objects.

8. B

9. C

10. A, C.
Most of the world’s currencies are already defined into R/3 system.

11. B
Be careful: A base currency can only be used for an average rate, not for a selling or a buying rate.

12. A

13. E

14. B, C, D, E.
A chart of accounts is a variant, which contains the structure and the basic information about general ledger accounts.

15. A, B, D, E.

16. A, B.

17. True or false:

17.1. True.

17.2. False. For P+L statement accounts the balance is carried forward to a retained earnings account and the P+L statement account is set to zero.

17.3. True.

17.4. True.

17.5. False. It is possible to influence the appearance of an account’s master data using the field status.

18. D

19. D

20. E