SAP FI Questions

SAP FI QuestionsHere you will find sample SAP FI questions and mock tests for SAP FI certification that are relatively similar to the original exam. You should definitely use them during preparation for the certification, because it will help you to familiarize yourself with the exam format, test your knowledge, identify areas that require additional attention, and sometimes these sample questions are just a little bit similar to what you might encounter at the real exam.

SAP FI Certification Questions

Before you read these sample questions, it is necessary to make one thing crystal clear: there is absolutely no way to get SAP FI questions that will appear at the actual certification. There are several reasons why it is not possible. First, no one has access to the bank of the certification questions because they are kept in the utmost secrecy. Second, the pool of questions that SAP has is so large that, even if someone could extract some questions from the secret database, the probability of getting these SAP FI questions at the exam is extremely low because the questions are randomly selected by a computer. Therefore, do not believe the people who try to sell you SAP FI questions and promise that after studying them you will definitely pass SAP FI certification.

During SAP FI certification you will be required to answer 80 multiple choice questions. There is no negative marking for incorrect answers. It means that you should try to answer as many questions as possible even if you are not sure what is the correct answer. You will be given 180 minutes to complete the certification. The current passing score for SAP FI certification is around 60%.

Official SAP FI Certification Questions

SAP Education provides official practice questions for SAP FI Certification: SAP FI Certification Official Sample Questions. If the link does not work, try our mirror of SAP FI Certification Official Sample Questions.

Free SAP FI Certification Questions

Below are 80 sample questions for SAP FI certification. If you are preparing for the exam, try to answer these SAP FI questions and see how many questions you could answer correctly. Here we also posted answers to these SAP FI questions and brief explanations for each of the questions.

Disclaimer: These sample SAP FI questions are for self-evaluation purposes only and do not appear on the actual certification exams. Answering the sample questions correctly is no guarantee that you will pass the certification exam. However, it is a great way to prepare for the actual certification exams and helped many people to become certified SAP consultants.

In every SAP FI question, except ‘true or false’ questions, at least one or more answers can be correct.

SAP FI Questions about General Ledger (GL)

1. Do parked documents appear on the GL account line item display?

a. Yes, they always appear.

b. No, they never appear.

c. They appear if the Parked items flag is active in the selection screen.

d. They appear if they have not been cleared.

2. Two company codes use the same chart of accounts. Can an account be defined as a balance sheet account for one company and as a P&L statement account for another company?

a. No, because this characteristic is defined at chart of account level.

b. Yes, because this characteristic is defined at company code level.

c. It depends on how the account groups have been defined.

d. It depends on which node of the financial statement version is the account assigned.

3. Two company codes use the same chart of accounts. Can an account be defined with currency EUR for one company code and with currency GBP for another company code?

a. No, because the account’s currency is defined at the chart of account level.

b. Yes, because the account’s currency is defined at the company code level.

c. Only if the second company code has an alternative chart of accounts in GBP.

d. Only if the second company has been defined with the currency GBP.

4. For a GL account in a company code 0001 a trading partner was defined, which is another company code 0002 implemented in the same SAP system. Which of the following statements have to be correct in order to make a posting to this account?

a. The period of the posting needs to be opened in the company code 0002.

b. The document type, which will be used for the posting, has to be defined as active for intercompany postings.

c. A user will need an authorization to post in the company code 0002; otherwise SAP will not allow the posting.

d. The period of the posting needs to be opened in the company code 0001.

5. A user posts a wrong document in GL accounts. What can be done to correct the mistake?

a. The user can delete the wrong posting.

b. The user can create a reverse posting. It does not matter if the posting period of the original posting is already closed, because SAP always allows this kind of corrections, even if the posting period is closed.

c. The user can flag the posting as incorrect, and SAP will automatically delete this posting when the period closing tasks are performed.

d. The user can create a reverse posting. If the posting period of the original posting is already closed, the user can post the reversal in the next period.

6. A user posts documents in a foreign currency. Which exchange rate does SAP use to convert the amounts to the local currency?

a. SAP uses the exchange rate contained in the exchange rate table for the posting date specified in the posting, unless the user enters a different exchange rate in the posting.

b. SAP uses the exchange rate contained in the exchange rate table for the date, on which the document is entered on the system, unless the user enters a different exchange rate in the posting.

c. SAP uses the exchange rate entered manually in the posting.

d. SAP uses the exchange rate contained in the exchange rate table for the translation date specified in the posting, unless the user enters a different exchange rate in the posting.

7. A user posts a document with a reference. Please identify the correct statements below.

a. The document generated by SAP will be an exact copy of the original one; the user cannot change any field.

b. SAP will allow modification of the amounts, but the texts of the original document cannot be changed.

c. SAP will allow modification of the texts, but the amounts of the original document cannot be changed.

d. SAP will allow modification of the texts and the amounts, if the user wishes to do so.

8. What is a recurring entry?

a. It is a document that will be posted periodically with the same data for a defined period of time.

b. It is a document that will be posted periodically with the same data until it is cancelled by a user.

c. Recurring entries are posted when a periodic process is run in SAP.

d. Recurring entries are posted automatically by SAP when their execution date arrives.

9. Do sample documents appear in an account balance?

a. Yes, they appear.

b. Yes, they appear, if a user selects the option ‘display sample documents’.

c. No, they do not appear.

d. Yes, they appear, but only if a user displays a balance of a P&L account.

10. Two company codes use the same posting period variant. A user sets as open a period from 01.2012 to 01.2012 for account type A (Asset). Which of the following statements is true?

a. Postings in period 11,2011 cannot be done in any case.

b. Postings in period 11.2011 can only be done in Asset accounts.

c. Postings in period 11.2011 can be done in any account type except Asset accounts.

d. Postings in period 11,2011 can be done just in one of the two company codes that have this posting period variant.

SAP FI Questions about Accounts Payable (AP)

11. Two companies have a vendor in common. Is it possible to use different payment terms for each company in the vendor master data?

a. No, because the payment terms for the vendors are maintained once at the client level.

b. No, because the payment terms are not maintained in the vendor master data.

c. Yes, because the payment terms for the vendors are maintained once at company code level.

d. Yes, because the payment terms for the vendors are maintained once at purchasing organization level.

12. How is the due date of an invoice determined?

a. The due date is entered manually in the invoice by an accounting clerk.

b. The baseline date is entered manually in the invoice by the accounting clerk; the terms of the payment terms contained in the master data are applied to calculate the due date.

c. The due date is automatically taken from the system date by SAP.

d. No due date is stored in SAP invoices.

13. Is it possible to have several payment methods for one vendor?

a. Yes, one vendor can have several payment methods.

b. Yes, because payment methods for vendors are maintained once at the company code level, so one vendor can have one payment method for each company code, but just one.

c. No, only one payment method is allowed per vendor.

d. Payment methods are not maintained in the vendor master data.

14. A withholding tax code was specified in the vendor master data and at the same time no exemption reason was entered. Please indicate which of the following statements is correct?

a. The vendor may have a certain amount withhold for taxes when an invoice is posted.

b. When an invoice is posted, no amount will be withheld as the vendor does not have any exemption reason.

c. The vendor may have a certain amount withheld for taxes when the payment of an invoice is posted.

d. Withholding tax codes are not maintained in the vendor master data.

15. Is it possible to use more than one withholding tax code for a vendor?

a. Yes, it is possible and in this case different amounts will be deducted.

b. Yes, withholding tax codes are not maintained in the vendor master data, but you can add as many as you wish when you do a posting.

c. No, it is only possible to have just one withholding tax code.

d. No. This is possible for customers but not for vendors.

16. Is it possible to automatically generate a payment file for a bank and print a payment advice for a vendor in the payment program?

a. No, payment program can only generate the payment file for the bank.

b. No, payment program can only print the payment advice for the vendor.

c. Yes, it is possible.

d. No, payment advice for the vendor cannot be printed from the payment program; you need to use the correspondence functionality for the payment advice.

17. Is it possible to include the invoices, which have not been selected in the payment proposal by the payment program, into the payment?

a. No, in the payment you can only pay the invoices, which were automatically selected by the payment program.

b. Yes, in the payment you can include invoices, which were not automatically selected by the payment program, but you still want to pay.

c. No, in the payment you can only exclude invoices automatically selected by the payment program, which you do not want to pay, but you cannot include any non-selected invoices.

d. Yes, in the payment you can include invoices, which were not automatically selected by the payment program, but you still want to pay, unless there is a payment block on these invoices.

18. Is it possible that a company pays the invoices for another company implemented in the same SAP system using the payment program?

a. Yes, this can be done using the same paying company in the system.

b. No, each company must pay its own invoices in SAP.

c. Yes, this can be done but only if both companies are based in the same country.

d. No. This cannot be done in SAP using the payment program. However, it can be done using manual payments.

19. Please indicate if the following statement is true or false. All the posting, which are done to a vendor, are posted to the GL account defined in the vendor master data.

a. Yes, the GL account is defined in the vendor master data so that all the postings done to the vendor are transferred automatically to that GL account.

b. No, using special GL indicators, SAP can post to an account different than the GL account, which is defined in the vendor master data.

c. No, using special GL indicators, SAP will always post to an account different than the GL account, which is defined in the vendor master data.

d. No, using down payment special GL indicator, SAP can post to an account different than the GL account, which is defined in the vendor master data.

20. Are postings, which were done with special GL indicators, displayed in the vendor open items list?

a. Yes, they will always be displayed there.

b. Yes, they will be displayed there, if you indicate an option in the selection screen.

c. No, postings with special GL indicator are never displayed there.

d. No, postings with special GL indicator can only be displayed in the open items display of a GL account.

21. Which options does a user have to post a partial payment to vendor invoices?

a. The user can post it as a partial payment, the invoice will be cleared. The pending amount will be posted against the GL account of extraordinary expenses.

b. The user cannot post the payment to the invoice until the whole amount of the invoice is paid.

c. The user can post it as a partial payment, the invoice will be still open but the amount, which is pending to be paid, will be lower.

d. The user can post it to the invoice, so that the invoice is cleared and the system generates a residual item with the pending amount.

SAP FI Questions about Accounts Receivable (AR)

22. Two company codes have a customer in common. Is it possible to use different cash management group in the customer master data for each company code?

a. No, because the cash management group for the customer is maintained once at the client level.

b. No, because the cash management group is not maintained in the customer master data.

c. Yes, because the cash management group for the customer is maintained once at the company code level.

d. Yes, because the cash management group for the customer is maintained once at the sales area level.

23. Is it possible to have several payment methods for a customer?

a. Yes, a customer can have several payment methods.

b. Yes, because the payment methods for a customer are maintained once at the company code level, so a customer can have one payment method for each company code, but just one.

c. No, only one payment method is allowed per customer.

d. Payment methods are not maintained in the customer master data.

24. Is it possible to change the dunning level, which was automatically generated by the dunning program?

a. No, dunning levels can only be changed by the dunning program.

b. Yes, dunning levels can be changed manually in the customer master data.

c. No, dunning levels cannot be changed once updated by the dunning program.

d. Yes, dunning levels can be changed manually in the invoice.

25. Is it possible to include invoices, which have not been selected in the dunning proposal by the dunning program, into the dunning run?

a. No, in the dunning run you can only pay the invoices selected automatically by the dunning program.

b. Yes, in the dunning run you can include invoices, which were not automatically selected by the dunning program, but you want to dun.

c. No, in the dunning run you can only exclude invoices, which were automatically selected by the dunning program and you do not want to pay, but you cannot include any of the non-selected invoices.

d. Yes, in the dunning you can include invoices, which were not automatically selected by the payment program and you want to dun, unless they have a dunning block.

26. Please indicate if the following statement is true or false. All the posting, which were done to a customer, are posted to the GL account defined in the customer master data.

a. Yes. The GL account is defined in the customer master data, so that all the postings done to the customer are transferred automatically to that GL account.

b. No. Using special GL indicators, SAP can post to an account different than the GL account defined in the customer master data.

c. No. Using special GL indicators, SAP will always post to an account different than the GL account defined in the customer master data.

d. No. Using special GL indicator of advances, SAP can post to an account different than the GL account defined in the customer master data.

27. Please indicate if the following statement is true of false. The postings, which were done with special GL indicators, are displayed in the customer open items list.

a. Yes, they will always be displayed there.

b. Yes, they will be displayed there, if a user indicates this in the selection screen.

c. No, postings with special GL indicator are never displayed there.

d. No, postings with special GL indicator can only be displayed in the GL account open items display.

28. Two company codes share a customer. Is it possible to block for postings the customer in one company code, but at the same time to allow postings in another company code?

a. Yes, the customer can be blocked just in one company code.

b. No, if the customer is blocked, posting will not be allowed in any company.

c. Posting blocks are not allowed for customers.

d. Yes, it can be blocked just in one sales area.

29. Is it possible to automatically generate files for incoming payments from customers in the payment program?

a. No, payment program can only be used for outgoing payments; it cannot be used for customers.

b. No, customers’ payments can only be processed manually.

c. Yes, payment program can be used to generate files for incoming payment from customers.

d. No, payment program can be used to generate files for payments from customers, but just for outgoing payments.

30. A customer of a company is at the same time a vendor of this company. Is it possible that SAP automatically clears all items together in payment transactions?

a. No, it is not possible. Vendor items cannot be cleared with customer items.

b. Yes, it is possible. To do so, the vendor code should be assigned to the customer master data and the customer code should be assigned to the vendor master data.

c. Yes, it is possible. 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.

d. Yes, it is possible. To do so, vendor code should be specified in the customer master data and customer code should be specified in the vendor master data. You need also to activate the flag “Clearing with vendor” in the customer master data and the flag “Clearing with customer” in the vendor master data.

31. Can SAP calculate and post the interest on arrears for overdue customer invoices?

a. No, SAP can calculate the interest on arrears but it cannot post it. The posting needs to be done manually.

b. No, SAP cannot calculate the interest nor post it.

c. Yes, SAP can calculate the interest on arrears and post it.

d. Yes, this is done by the dunning program.

32. Can a user do an automatic clearing of all open items of a customer?

a. Yes, the automatic clearing process can do this. It groups the open items according to the predefined criteria and, if the amounts are balanced, the clearing is done.

b. Yes, the automatic clearing process can do this. It groups all the open items of each customer and, if the amounts are balanced, the clearing is done.

c. No, clearings can only be done manually on each customer account.

d. Yes, the clearing is done automatically by SAP, when the amounts are balanced in the customer account.

33. How is the dunning level of the invoices updated?

a. The dunning level can be automatically updated by SAP when the dunning program is run and the invoices are due.

b. The dunning can be updated manually in the invoice by an accounting clerk.

c. The dunning cannot be updated manually in the invoice by an accounting clerk.

d. The dunning level is automatically updated by SAP. There is no need of running the dunning program.

34. Which of the following characteristics of a document can be determined by the document type?

a. Account types that can be posted with this document type.

b. Company codes that can be posted with this document type.

c. The number range that the system will assign to the documents posted with this document type.

d. All the answers are correct.

35. SAP is going to generate a payment using the payment program. Which house bank will the program use?

a. If the house bank has been maintained in the vendor master data and in the open item, the program will use the one maintained in the vendor.

b. If the house bank has been maintained in the vendor master data and in the open item, the program will use the one maintained in the open item.

c. If the house bank has not been maintained in the vendor master data or in the open item, SAP will use the first house bank entered in the ranking order of the payment program.

d. If the house bank has not been maintained in the vendor master data or in the open item, SAP will use the house bank defined in the paying company code.

36. Which of the following features depends on the fiscal year variant?

a. The number of posting periods per year.

b. If the periods of the fiscal year variant correspond to the calendar year.

c. The number of special periods per year.

d. The day of the month, on which the posting period must be opened and closed.

37. How many parallel currencies can be defined for a company code in SAP?

a. Just one, the company code currency.

b. Just two, the company code currency and the group currency.

c. Up to three.

d. Up to four.

38. Is it possible to use withholding tax for customers?

a. Yes, it is possible with the standard withholding tax functionality.

b. Yes, but only if the extended withholding tax functionality is activated.

c. No, withholding tax cannot be used for customers as we will never pay them money.

d. Withholding tax codes are not maintained in the customer master data.

39. Posting keys control how the line item will be posted. Which of the following features are controlled by the posting key?

a. Account type. (Vendor, customer, GL, asset or material).

b. If it is a debit or credit item.

c. If special GL indicator is allowed for the item.

d. Authorization group to control which user can post the item.

40. Which of the following sentences are correct regarding FI (Financial Accounting) validations?

a. Validations check the values entered by a user and modify these values if they are wrong.

b. Validations can check the values entered by a user in the header, in the line items or in the complete document.

c. Validations check the values entered by a user and give an error / warning message if the values are wrong.

d. Validations can check the values entered by a user in the header and in the line items, but not in the complete document.

41. A house bank is defined in SAP. In which related customizing could the house bank be used?

a. It can be used in the customizing of check management to control the ranges of checks issued by this bank.

b. It can be used in the customizing of SAP stock market tool to retrieve stock market index according to the standard specified by this bank.

c. It can be used in the customizing of payment program to generate payments according to the standard specified by this bank.

d. It can be used in the customizing of electronic bank statement to process bank statements according to the standard specified by this bank.

42. How many charts of depreciation can a company have in SAP?

a. You can assign to a company as many chart of depreciation as you may need.

b. You can assign to a company charts of depreciation that you need from the following: Local accounting, Group Accounting, IFRS Accounting, USGAP Accounting.

c. You can assign to a company just two chart of depreciation (Local accounting & Group Accounting).

d. You can assign to a company just one chart of depreciation.

43. Asset classes can be defined in SAP. Which of the following features are controlled by them?

a. The number range that will be assigned by SAP to the assets created under this class.

b. The fields that will be available or mandatory when creating the asset master data.

c. The GL account determination used by the assets created under this class.

d. The capitalization date that will be assigned by SAP to the assets created under this class.

44. Which of the following features are controlled by the depreciation keys specified in the asset master data?

a. The fields, which are available in the asset master data.

b. To which GL account the depreciation will be posted.

c. How the asset will be depreciated.

d. The useful life of the asset.

45. Which of the following features are controlled by foreign currency valuation methods?

a. The posting document that SAP will use to post valuation exchange differences.

b. The posting document type that SAP will use to post valuation exchange rate differences.

c. The date that SAP will use to calculate the exchange rate differences.

d. The valuation procedure that SAP will use to calculate the exchange rate differences.

46. Which of the following features are controlled by the interest calculation indicators?

a. The items that will be used for the interest calculation.

b. The value of the reference interest rates that will be used for the calculation.

c. The type of calculation that will be used for the calculation.

d. The type of calendar that will be used for the calculation.

SAP FI Questions about Financial Accounting (FI) Closing

47. Please indicate which of the following statements regarding the closing cockpit are correct.

a. The closing cockpit allows closing the posting period in one step.

b. The closing cockpit allows processing of a sequence of SAP standard tasks. However, non-standard tasks are not allowed there.

c. The closing cockpit allows processing of a sequence of SAP tasks. These tasks can be standard SAP tasks or programs developed by a customer.

d. The closing cockpit displays a calendar with the closing tasks defined for the company as a reminder, but tasks cannot be executed from the closing cockpit, they need to be run in another session.

48. Please indicate which of the following statements regarding the balance interest calculation process are correct.

a. This process allows doing an account balance interest calculation for G/L accounts based on the value date of the postings.

b. This process allows doing an account balance interest calculation for G/L accounts based on the posting date of the postings.

c. This process allows doing an account balance interest calculation for G/L accounts based on the document date of the postings.

d. This process allows doing an account balance interest calculation for G/L accounts based on the due date of the postings.

49. Please indicate which of the following statements regarding the automatic clearing process are correct.

a. This process clears open items from G/L accounts automatically, based on the criteria defined in the customizing for the G/L accounts automatic clearing.

b. This process clears open items from GR/IR, G/L accounts automatically, ignoring the criteria defined in the customizing for the G/L accounts automatic clearing, if GR/IR clearing is selected in the selection screen.

c. This process clears open items from vendor and customer accounts automatically, based on the criteria defined in the customizing for the vendor and customer accounts automatic clearing, but excluding special GL account postings, which cannot be cleared automatically.

d. This process clears open items from vendor and customer accounts automatically, based on the criteria defined in the customizing for the vendor and customer accounts automatic clearing, including special GL account postings, if the user wants them to be cleared.

50. What does the recurring entries execution process allow?

a. This process allows the creation of new recurring entries and the posting of them during the second step.

b. This process allows the posting of the recurring entries pending to be posted up to the date, on which the process is run.

c. This process allows the posting of the recurring entries, which are pending to be posted and are included in the settlement period specified in the selection screen.

d. This process allows parking of the recurring entries, which are pending to be posted and are included in the settlement period specified in the selection screen.

51. What does the periodic accrual run process allow?

a. This process calculates and posts accruals from the accrual objects selected on a key date, which is entered on the selection screen.

b. This process allows the reversal of periodic accrual runs.

c. This process calculates accruals from the accrual objects selected by the criteria entered on the selection screen. Postings need to be done manually.

d. This process calculates and posts accruals from the accrual objects selected on the date the program is executed.

52. Please indicate which of the following statements regarding the reconciliation process are correct.

a. This process compares the figures from customers, vendors, and G/L accounts with totals from posted documents. If any differences are found it, fixes this problem.

b. This process compares the figures from customers, vendors, and G/L accounts with totals from application indexes. If any differences are found, it fixes this problem.

c. This process compares the figures from customer, vendor, and G/L accounts with totals from totals from application indexes. If any differences are found, the problem needs to be analyzed.

d. This process compares the figures from customer, vendor, and G/L accounts with totals from posted documents. If any differences are found, the problem needs to be analyzed.

53. What does the assets reconciliation process allow?

a. This process compares the figures from the asset summary records with balances from the G/L accounts corresponding to the asset balances. If any differences are found, it fixes this problem.

b. This process compares the figures from the asset summary records with balances from the G/L accounts corresponding to the ordinary depreciation. If any differences are found, the problem needs to be analyzed.

c. This process compares the figures from the asset summary records with balances from the G/L accounts corresponding to the asset balances. If any differences are found, the problem needs to be analyzed.

d. This process compares the figures from the asset summary records with balances from the G/L accounts corresponding to the ordinary depreciation. If any differences are found, it fixes this problem.

54. Please indicate which of the following statements regarding the reclassification of receivables / payables process are correct.

a. If you have customer accounts that are in credit, the program will reclassify them as payable.

b. Receivables and payables overdue will be reclassified as doubtful.

c. If you have vendor accounts that are in debit, the program will reclassify them as receivable.

d. Receivables and payables are sorted in short term/ long term according to the remaining term and the required transfer postings are carried out.

55. Please indicate which of the following statements regarding the foreign currency valuation process are correct.

a. This process carries out valuation of the open items in foreign currency. The generated exchange rate difference must be posted manually as this process does not allow the automatic posting of the exchange rate difference.

b. This process carries out valuation of the open items in foreign currency. The generated exchange rate difference is posted as exchange rate difference.

c. The balances of the G/L accounts in foreign currency are valuated; the generated exchange rate difference must be posted manually as this process does not allow the automatic posting of exchange rate difference.

d. The balances of the G/L accounts in foreign currency are valuated; the generated exchange rate difference is posted as exchange rate difference.

56. Please indicate which of the following statements regarding the program of balance carry forward for receivables and payables are correct.

a. This program calculates the balance carried forward for customers and/or vendors. The balances of the previous year are carried forward to the next year. If a posting in the previous year is done afterwards, it will be automatically carried forward to the current year.

b. This program calculates the balance carried forward for customers and/or vendors. The balances of the previous year are carried forward to the next year. If a posting in the previous year is done afterwards, this process needs to be run again to carry forward the new balance.

c. This program calculates the balance carried forward for customers and/or vendors. The balances of the previous year need to be posted manually in the next year.

d. This program clears the customers and/or vendors open items and recreate them again in the next year.

57. Please indicate which of the following statements regarding the balance carry forward for general ledger process are correct.

a. This process calculates the balance carried forward for GL accounts for the general ledger or for any other ledger. The balances of the previous year are carried forward to the next year. If a posting in the previous year is done afterwards, it will be automatically carried forward to the current year.

b. This process calculates the balance carried forward for GL accounts for the general ledger or for any other ledger. The balances of the previous year are carried forward to the next year. If a posting in the previous year is done afterwards, this process needs to be run again to carry forward the new balance.

c. This process calculates the balance carried forward for GL accounts for the general ledger or for any other ledger. The balances of the previous year need to be posted manually in the next year.

d. This process clears the GL open items and recreates them again in the next year.

58. Please indicate which of the following statements regarding the process of opening and closing periods are correct.

a. This process allows opening a new posting period. In order to do so the previous posting period needs to be closed, as no more than one posting period can be opened at a time in SAP.

b. In this process a new posting period can be opened, just for a type of accounts (i.e. vendors).

c. In this process a new posting period can be opened, just for a group of users.

d. In this process the special posting periods can be opened.

SAP FI Questions about Asset Accounting

59. Is the same set of input fields available during the creation of various asset master data records?

a. It depends on the asset class that the user is using; if it is the same, the screen will have the same fields.

b. It depends on the company code that the user is using; if it is the same, the screen will have the same fields.

c. It depends on the chart of depreciation that the user is using; if it is the same, the screen will have the same fields.

d. It depends on the account determination that the user is using; if it is the same, the screen will have the same fields.

60. During the modification of an asset master data, which depreciation areas can be used?

a. We can use as many depreciation areas as we wish, choosing between the different depreciation areas that have been defined in the customizing.

b. Depreciation areas are assigned according to the customizing done to the chart of depreciation and they cannot be changed. If needed they can be deactivated.

c. Depreciation areas are assigned according to the customizing done to the asset class, but they can be changed by a user. If needed, they can be deactivated.

d. Depreciation areas are assigned according to the customizing done to the asset class and they cannot be changed. If needed, they can be deactivated.

61. How the depreciation start date is determined?

a. The depreciation start date is the day of creation of an asset master data.

b. The depreciation start date is assigned by the system when an asset is capitalized, but this date can be changed in the asset master data.

c. The depreciation start date is assigned by the system when an asset is capitalized, and this date cannot be changed by a user.

d. This date is entered by a user during the creation of an asset master data.

62. Is it possible to post documents only to certain depreciation areas of an asset?

a. Yes, it is possible, but you must post to at least one real depreciation area.

b. Yes, it is possible, and you do not need to post to at least one real depreciation area.

c. No, it is impossible. If you post a document to an asset, you must post it to all the active depreciation areas of the asset.

d. It depends, if the asset has not yet been capitalized, you can do so.

63. An asset has started its depreciation and a following addition to the asset is done. What happens to the asset depreciation?

a. It is needed to run the depreciation recalculation process that will recalculate the planned depreciation for the following months considering the new addition.

b. SAP will recalculate automatically the planned depreciation for the following months considering the new addition.

c. SAP will not change the planned depreciation, but the date of depreciation end will be automatically changed in order to depreciate the asset until it is completely depreciated.

d. The user will need to reverse the already posted depreciation and then recalculate the planned depreciation to post it from the beginning.

64. When it might be necessary to run the recalculation of depreciation?

a. When the depreciation key is changed in an asset master data.

b. When there is an addition to an already depreciated asset.

c. When there is a retirement to an already depreciated asset.

d. When the useful life is changed in an asset master data.

65. An asset has been sold. Which of the following statements is correct?

a. SAP will post as revenue the amount of the sale.

b. SAP will post as revenue the difference between the amount of the sale and the net book value, if the sale amount is bigger than the net book value.

c. SAP will set the asset as deactivated and no further postings to the asset will be permitted.

d. SAP will post as loss the difference between the amount of the sale and the net book value, if the sale amount is lower than the net book value.

66. Please indicate which of the following statements is correct regarding the usage of assets under construction.

a. In order to convert the asset under construction into the final asset, a user has just to change the asset class to the final one.

b. One asset under construction can be settled into several different assets.

c. One asset under construction can be settled into objects different than an asset.

d. When one asset under construction is settled, the asset master data is deactivated.

67. Please indicate which of the following statements regarding the partial retirement without revenue are correct?

a. SAP will not allow the retirement if an asset is fully depreciated.

b. SAP will not post anything as loss if an asset is fully depreciated.

c. SAP will mark an asset as deactivated and no further postings to the asset will be permitted.

d. SAP will post a percentage of the net book value as a loss; this percentage equals to the retired percentage.

68. An asset from one company code of the group is transferred to another company code of this group. Which of the following possibilities do we have regarding the revenue of the transfer?

a. Transfer of the asset without a revenue in the sending company code.

b. Transfer of the asset with a revenue entered manually by a user in the sending company code.

c. Transfer of the asset with the net book value from a depreciation area entered manually by a user in the sending company code.

d. Transfer of the asset with the revenue, which equals to the cost of the asset when it was bought in the sending company code.

69. Which of the following sentences regarding the depreciation run are correct?

a. During the depreciation run SAP posts the depreciation for the assets to different accounts depending on the account determination, which was specified in the assets master data.

b. During the depreciation run SAP post the depreciation for the assets to different accounts entered on the selection screen of the depreciation run.

c. During the depreciation run SAP post the depreciation for the assets to the CO (Controlling) objects entered on the assets master data.

d. If during the depreciation run SAP issues an error message for a certain asset, the depreciation can be restarted for this asset.

SAP FI Questions about Basics of SAP ERP, SAP NetWeaver, and SAP Solution Manager

70. Which of the following sentences regarding batch input sessions are correct?

a. It is a technique to process large amounts of transactions. It can be generated by standard SAP programs or by non-standard SAP programs. It can be processed in foreground or in background.

b. It is a technique to process large amounts of transactions. It can be generated by standard SAP programs or by non-standard SAP programs. It can be processed in background, but not in foreground.

c. It is a technique to process large amounts of transactions. It can be generated by standard SAP programs but not by non-standard SAP programs. It can be processed in in foreground, but not in background.

d. It is a technique to process large amounts of transactions. It can be generated by standard SAP programs but not by non-standard SAP programs. It can be processed in foreground or in background.

71. What is the central user administration (CUA)?

a. It is an automatic process that creates SAP users for the employees hired in SAP HCM (Human Capital Management).

b. It is a tool that allows an administrator to create the necessary roles for the users only once. Afterwards the CUA replicates these roles to all systems in the landscape.

c. It is a tool that allows an administrator to manage an employee’s master data in SAP HCM and assign each employee a user id.

d. It is a tool that allows an administrator to create the user ids and assign them authorization roles only once. Afterwards the CUA replicates these users to all systems in the landscape.

72. Which of the following sentences regarding an IDOC is correct?

a. An IDOC is document format for transferring the data for a business transaction.

b. An IDOC has one or several control records and one or several data records of different types.

c. An IDOC has one control record and one or several data records of different types.

d. An IDOC has a different format depending on the business transaction that is being transferred.

73. Which of the following sentences regarding ALE (Application Link Enabling) is correct?

a. ALE allows the construction of distributed systems that exchange business messages between different systems.

b. In the distribution model, different systems that can take part in the distribution are defined as well as message types, which they can accept.

c. In the distribution model, we need to define the partner profiles that will take part in the distribution, this partner profiles need to be other SAP systems.

d. In ALE SAP logical systems can be defined as partner profiles.

74. Which of the following statements regarding a spool request are correct?

a. A spool request is a process in SAP of sending the results from a program to a particular output device.

b. A spool request is stored in the spool system to temporarily hold the print data and to access it.

c. In spool request the data is stored in a temporary format, which can be displayed by a user.

d. A spool request is a document for which a print function has been selected. However, it has not yet been sent to a printer or another device.

75. Which of the following statements regarding LSMW are correct?

a. LSMW stands for Link System Management Workbench. It is a tool that monitors the links between the different SAP systems of the landscape.

b. LSMW stands for Legacy System Migration Workbench. It is a tool that allows the upload of information in SAP using IDOCs.

c. LSMW stands for Legacy System Migration Workbench. It is a tool that allows the upload of information in SAP using batch input sessions.

d. LSMW stands for Legacy System Migration Workbench. It is a tool that allows the upload of information in SAP using direct inputs.

76. Which of the following statements regarding an SAP job are correct?

a. A job is a background process that runs just one SAP program. Usually it used to run programs that would take a lot of time on foreground processing.

b. A job can be scheduled to start when another job finishes.

c. A job is a background process that runs just one or more SAP programs. Usually it used to run programs that would take a lot of time on foreground processing.

d. A job can be scheduled with a start date and time on which it starts.

SAP FI Questions about Reporting in Financials

77. Which of the following statements regarding the financial statement version are correct?

a. Each company code has one financial statement version assigned, which corresponds to the legal financial statement that the company needs to deliver to the local authorities.

b. Each GL account can only be assigned to one financial statement version.

c. All GL accounts of a company code must be assigned to a financial statement version; otherwise the statement could be unbalanced.

d. One GL account can be assigned to more than one financial statement version.

78. What is generated by the advance return for tax on sales/purchases?

a. It generates a VAT (Value Added Tax) report including all the input and output taxes posted in the company during a certain period of time.

b. It checks and ensures that the VAT posted to the vendors or customers has been correctly calculated.

c. It can post the VAT liquidation according to the account configured in the customizing.

d. It can generate a DME (Data Medium Exchange) file for the VAT liquidation report for the local authorities.

79. Which of the following statements regarding EC (European Community) Sales list are correct?

a. It is a report that deals with standard documents, whose output VAT codes were marked as EC in configuration, to obtain a sales list.

b. This report cannot display the line items if needed.

c. It issues an EC Sales list report that can be adapted to the requirement of the local authorities of each country.

d. It checks that the VAT registration number of the customer is contained in the document. Otherwise it gives an error message and information that this document is not listed in the report.

80. What does the Asset history sheet display?

a. It can display the asset acquisitions and retirements transactions for a certain year.

b. It can display the total amount of depreciation posted for each asset class during the year.

c. It can display the total amount of the book value for each asset class at the beginning of the year and at the end of the year.

d. It can display the total amount of the book value for each asset at the beginning of the year and at the end of the year.

Answers and Explanations for SAP FI Questions

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