The following statements are true regarding Financial Closing, EXCEPT…

1. Adjustment postings for business area must be made if business area financial statements need to be
created

2. The balance carry forward program is run at the end of a fiscal year

3. Posting periods of the previous fiscal year must be blocked

4. Special periods for closing entries must be opened

The followings are types of cash journal transaction, EXCEPT…

1. Expense

2. Vendor Payment Receipt

3. Reimbursement

4. Revenue

5. Customer Payment Receipt

6. Cash transfer from the bank to cash office

If the sales order is exceeded the credit limit, the order still can be shipped but can't be billed. False

Controlling area is uniquely assigned to Company Code. False

Cash journal transaction screen consist of the following, EXCEPT…

1. Data selection

2. Header

3. Balance display for period

4. Receipts and payments transactions

Following statement are true about Valuation run, except:

1. A certain percentage of total amount, whether it's over due or not, is used as basic calculation of the
valuation

2. We need to maintain value adjustment key in customer master record.

3. Valuation run can be used to discount open accounts receviable.

4. Valuation run analyzes the accounts and documents defined in the parameters and creates a
valuation proposal.

The following is a TRUE statement in regards with Reconciliation Account in SAP Financial Accounting
module:

1. You can use it for organizing and managing a large number of G/L accounts

2. It describes the total of all posting on an account in debit or credit

3. It connects subsidiary ledgers with the general ledger in real time

4. It can control the appearance of the company code segment of G/L accounts
Bank where the company have an account(s) is known as:

1. Account ID

2. Reconciliation Account

3. G/L Account

4. Bank Account

5. House Bank ID

Depreciation can only be posted after depreciation posting run has been completed.

True

Automatically when special transactions, such as bill of exchange charges or payment differences is one
of request from

1. Dunning

2. Correspondence

3. Customer payment history

4. Overdue item\

In order to post cost information to Management Accounting, the one of the following information must
be used:

1. G/L account
2. Cost center

3. Posting key

4. Account group

5. All of the above

The posting key has controlling function for the following purpose, except:

1. Transfer the information from financial accounting to management accounting

2. Account type for posting the document item

3. posting the document item as debit or credit

4. Field status of the additional data

The balance and information about customer is diplayed in screen area

1. Templates

2. Header and customer data

3. G/L account items

4. Information Item

After auditors have finished their ork and before the GL is ready to close for the year, we need to run …
to check whether depreciation is posted fully or any assets contain errors.
1. Year-End Closing Program

2. Fiscal Year Change Program

3. All the above

4. None of above

The followings are operations for accounts payable closing in beginning of the fiscal year, except:

1. Run balance carry forward program

2. Block posting in last year periods and open special periods for customers

3. Confirm balances with selected vendors

4. Close special periods for vendors

Posting in Asset Accounting can be done by:

1. Using Purchase Order

2. Good Issue to Asset

3. Invoice with account payable or account receivable directly.

4. Using clearing account

5. All the above

Customer Accounts are made up of the following level, except…

1. General Data

2. Company Code data

3. Business Area data

4. Sales Area data

You may enter the dunning procedure in…

1. Material Master

2. GL Account

3. Customer Master

4. Profit Center

Following statement is false about plant in Material Management

1. More than one plants can be assigned to the same company code

2. Posting will be made in company code which plant is assigned to.

3. Each company code is only allowed to have only one plant

4. A plant must be assigned to a single company code.

When Company Code specific settings is maintained for Company Code 1000, it also valid for Company
Code 1100. False

You can use ABAP program to assists in creating financial statement. True

The following activities are the first step of running automatic payment

1. Start Proposal

2. Maintain Paramaters

3. Proposal Run

4. Edit Proposal

5. Payment Run

The following statements are TRUE in regard to vendor account:

1. Vendor account information is grouped into Client data, Company Code data and purchasing data

2. Posting only possible if Company Code data has been properly maintained

3. Vendor accounts are grouped into various account keys

4. Number ranges are assigned to account keys

5. All of the above

Through … we maintain reconciliation accounts for each asset class in order to post values of asset
accounting.
1. Asset Subnumber

2. Account Assignment Key

3. Group Asset number

4. Depreciation Key

The sales process contains of these activities, except: nomor 4

1. Order Processing

2. Billing

3. Procurement

4. Demand Determination

5. Shipping

The following is used to enter the data for Document entry on the first screen, except:

1. Document type

2. Cost element

3. G/L Account
4. Posting key

5. Currency

The following statements are true regarding organizational structure in Financial Accounting module,
excep.

1. General ledger is assigned to the Company Code level and is used for creating balance sheet and
profit-and-lost statements.

2. Company Code has a complete self-contained set of accounts.

3. Business Area is used to represent business segments or branches.

4. More than one Company Codes can only be assigned to one controlling area.

When we do the outgoing transfers, the cash outflow later appears on the bank statement and the bank
ledger accounting session creates the posting:

1. Note to payee

2. Bank to incoming cash

3. Check issued to bank

4. Cash outflow to bank

5. None of above

If a company code needs to generate report to meet the requirements of the respective countries, they
need to assign GL Account from …
1. Operating Chart of Account

2. Group Chart of Account

3. Country Chart of Account

4. Alternative Chart of Account

Sales Area is combination of...

1. Company Code-Plant-Storage Location

2. Sales Organization-Distribution Channel

3. Sales Organization-Distribution Channel-Division

4. Sales Organization-Division-Plant

Three way match as procedure to post procurement transactions:

1. Invoice Verification, Purchase Requisition, Goods Issue

2. Purchase order, invoice verification, goods issue

3. Purchase order, billing, goods receipt

4. Invoice Verification, Purchase Order, Goods Receipt

The followings are procesess for deposit checks, except:

1. The check deposit list can be printed out and sent to the bank along with the checks
2. Posting can be completed directly, without batch input session

3. Batch input seesion are created from the check deposit list and have to be processed in order to
create the related posting

4. After all checks have been entered, a list of check unavailable in the system

Method of posting which open invoice won't be cleared and new open item in the amount of the
payment is created, is called

1. Residual Payment

2. Complete Payment

3. Minot Payment

4. Partial Payment

Foreign currency valuation will valuate …

1. All open items

2. All open items in foreign currency

3. All items in foreign currency

4. None of the above

The followings are areas in G/L Account Posting screen:

1. Line item information area

2. Detail screen area

3. Document overview area

4. All of the above

5. None of the above

Which statement is true about recurring entry program?

1. When the batch input session is run, an accounting document that corresponds to the original
document is posted.

2. Date of the next posting is updated in the original recurring entry document.

3. Program will selec all recurring entry original documents in which the date of the next posting will fall
within the specified period.

4. To posting the invoice from recurring entry program to general ledger, we need to run the batch
input session.

5. All of the above

When the expense or revenue that belongs to the current period is not posted until a later period, we
are using the following method:

1. Accrual

2. Defferal

3. Depreciation

4. Reconcilliation

The following statements are true regarding organizational structure in Financial Accounting module,
excep.

1. General ledger is assigned to the Company Code level and is used for creating balance sheet and
profit-and-lost statements.

2. Company Code has a complete self-contained set of accounts.

3. Business Area is used to represent business segments or branches.

4. More than one Company Codes can only be assigned to one controlling area.

G/L account groups can be used to, except...

1. Adjust screen layout or appearance on GL account

2. Determine format of G/L account number ranges

3. Group similar accounts that have similar business functions

4. Determine which fields are required and optional for data entry in G/L account
5. None of the Above

It is possible to use valuation methods for the following, EXCEPT…

1. Replacement value

2. Controlling

3. Financial statements based on regional requirements

4. Financial statements for tax purposes

5. None of the above