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EHP4- Application Associate Certification
Exam
Questions
These questions are similiar to the ones asked in the actual Test.
How should I know? I know, because although I got my FI/CO Certification five years back, I have
re-certified with the latest version of the Associate Certification test.
Before you start here are some Key features of the FI Associate Certification Exam
- The exam is Computer based and you have three Hours to answer 80 Questions.
- The Questions are (mostly) multiple choice type and there is NO penalty for an incorrect answer.
- Some of the Questions have more than one correct answers. You must get ALL the options
correct for you to be awarded points.
- The Official Pass percentage is 65% (But this can vary). You will be told the exact passing
percentage before your begin your test.
- 35% questions are from TFIN50_1. 30% are from TFIN50_2. 20% are from TFIN52_1. 10% are
from TFIN52_2.
Sample Questions
1. The organizational units of Financial Accounting are used for external reporting
purposes, that is, they fulfil requirements that your business is subject to from external
parties, for example, legal regulations.
Which of the following Organizational units are mandatory in an ERP system with FI?
(More than one answer is correct)
A. Client
B. Business Area
C. Company code
D. Company
Answer:
A, C
You create your company-specific organizational structure in the SAP System by defining
the organizational units and making the basic settings. Defining organizational units for
Financial Accounting is obligatory, that is, you have to define these units in order to be
able to implement the Financial Accounting component.
Apart from this, there are certain Basic settings that are mandatory as well. These are:
Chart of accounts
Fiscal year
Currencies
2. You can configure different types of Chart of Accounts in the ERP system. Some of
these are:
Answer:
A, B, C
Answer:
B, C, D
4. You need to assign more than one company code to one controlling area. Under
what kind of a business scenario would you need to consider such a decision?
Answer:
A, B
A 1:n relationship between controlling area and company code is recommended for the
following situations:
A 1:1 relationship between controlling area and company code is recommended for the
following situations:
5. Which of the following tax types does the SAP System support for calculating,
posting, and correcting tax, as well as for tax reporting?
Answer:
A, B, D
Additional tax
Additional taxes are taxes that are posted in addition to tax on sales/purchases. They are
usually country-specific, such as investment tax in Norway, or sales equalization tax in
Belgium.
Sales tax
An example of sales tax is the sales and use tax that exists in the USA. Sales
transactions that are taxed must be kept strictly separate from sales transactions that are
not taxed.
In general, goods that are intended for production or for resale to a third party are
procured untaxed; that is, the vendor does not calculate tax on the sale of these goods
(sales tax). Procurement transactions for individual consumption, on the other hand, are
taxable (use tax).
The principle of sales tax does not permit the option of offsetting input tax against output
tax. The vendor must pay the taxes to the tax authorities.
The system calculates sales tax based on material and customer location and posts it in
Sales and Distribution (SD) and Materials Management (MM). If customers or vendors
are exempt from taxation, you can specify this in their master records by entering the
appropriate indicator.
Withholding tax
In some countries, a portion of the invoice amount must be withheld for certain vendors
and paid or reported directly to the tax authorities.
SAP currently provides two functions for calculating withholding tax: Classic withholding
tax and extended withholding tax.
Extended withholding tax includes all the features of classic withholding tax and, in
addition, also fulfills a number of further country-specific requirements.
If you wish to implement the withholding tax functions, you should choose extended
withholding tax.
6. Depending on your system’s configuration, the system can generate and post line
items automatically. For which business transactions can this be done?
Answer:
A, B, C
The following line items are generated for each of the above business transactions:
A. True
B. False
Answer:
A
To enable this, you need to make sure that the G/L account is marked as adjustable and
that the appropriate field is defined as optional or required in the field status group.
Answer:
A, B, D
• Applying the vendor net procedure. This means that any discount and the net
amount are calculated (and posted) when the vendor invoice is posted.
9. If you have entered an incorrect document, you can reverse it, thereby also clearing
the open items. With reference to 'document reversal', which of the following are true?
Answer:
A, C
If a line item from a source document has been cleared, a reversal can only be carried out
after the clearing is reset. Information on clearing is available in FI General Ledger
Accounting as well as FI Accounts Receivable and Accounts Payable.
Documents from MM must be reversed with functions in that component because the
reversal function in FI does not reverse all the values required.
There are two ways of updating transaction figures when reversing a document:
● The document and the reverse document increase the account transaction debit and
credit figures by the same amount.
● After a document has been reversed, the balance of the account affected is shown
as if the document had never been posted. (Negative Postings)
You generally post the reversal document in the same posting period as the
corresponding original document. If the posting period of the source document has
already been closed, you have to enter a date that falls in an open posting period (for
example, the current one) in the Posting date field.
10. A number of periodic tasks are executed on a regular basis (daily, weekly, or
monthly) in the SAP System. This process is supported by the individual components of
the Schedule Manager. Which of the following are components of the Schedule Manager?
A. Flow definition
B. Scheduler
C. Monitor
D. Exception area
Answer:
A, B, C
Flow definition
In a flow definition, you can link tasks to each other if they are related or if you wish to use
a worklist in them. You can therefore schedule a flow definition as a task in the scheduler.
Scheduler
In the scheduler, you can schedule tasks in a structure tree. You can use drag-and-drop in
a daily overview to enable the system to execute the tasks at a certain time.
Monitor
The monitor gives you an overview of the scheduled tasks during and after processing.
You can correct faulty objects in a worklist.
Worklist
Objects that are to be processed in a processing step sequence are managed in the
worklist.
The worklist monitor presents information such as which objects were processed without
errors and which objects could not be processed. You can display information on the
cause of errors, and thus control the way in which the object is processed further.
The worklist ensures that when a processing step sequence is processed again, the
system only processes the objects which had errors or which you manually instructed the
system to reprocess.
11. You would like to use recurring entries for periodic transaction. Which of the
following are False with reference to 'recurring entries'?
Answer:
C
Recurring entries are business transactions that are repeated regularly, such as rent or
insurance. The following data never changes in recurring entries:
• Posting key
• Account
• Amounts
You enter this recurring data in a recurring entry original document. This document does
not update the transaction figures. The recurring entry program uses it as a basis for
creating accounting documents.
Structure
The system uses the recurring entry original document that you enter as a reference. It is
not an accounting document and therefore does not affect the account balance.
In the recurring entry document, you define when a posting is to be created with this
document. You have two options for scheduling. Postings can be made periodically or on
a specific date:
• For periodic postings, specify the first and last day of execution, as well as the
interval in months.
• If you want to specify certain dates, enter a run schedule in the recurring entry
original document. Store the required dates in the Implementation Guide (IMG). Choose
Define Run→ Recurring Entries → Document →Financial Accounting Global Settings
Schedules/Enter Run Dates.
To post recurring entry documents, you have to set up a separate number range for the
company codes that use them. You have to use key X1 for the number range. The system
takes numbers for the recurring entry original document from this number range.
12. You are responsible for 'dunning' configuration. Which of the following are part of
configuring the dunning functionality?
A. Dunning Codes
B. Dunning Items
C. Dunning areas
Answer:
C
• Dunning procedure
The dunning procedure controls how dunning is carried out by the system. You can define
as many dunning procedures as you like.
• Dunning level
The dunning levels are calculated based on the number of days open items are in arrears.
You can also have the system calculate the dunning levels based on the dunning amount
or a percentage paid (sales-related dunning level determination).
You can determine more than one dunning level per dunning procedure.
• Dunning areas
A dunning area is an organizational unit within a company code used for the dunning
process.
A dunning area can be a division or a sales organization. You assign a dunning area to
an open item when you are posting. You can dun items separately by dunning area.
A. Bank statements
B. Special Ledger posting
C. Dunning letters
D. Held documents
3. Which of the following information needs to be defined when creating correspondence types?
(select all that apply)
A. Required information
B. Number of date fields required
C. If additional text can be added to the form
D. Fiscal Year Variant
E. If the correspondence can be used across company codes
4. When linking correspondence types to transactions, if no entry exists for a company code, the
correspondence types specified without a company code are offered. True or False?
Answer: True
A. Reason Codes
B. Chart of Accounts
C. Tolerance groups
D. Special GL postings
Answers
1. A,C
2. A,B,D
3. A,B,E
4. True
5. A,B,C
6. A,C
4) The display screen for Check Register can show the following:
f. Check Number
g. Check Recipient
h. Check Amount
i. Currency
j. All of the above
5) Which of the following does not occur once the customer sends his/her check and remittance
advice is sent to the vendor's bank?
6) Which of the following should be on the lockbox file (more than one answer):
A. Check Amount
B. Payment Date
C. Customer's B-Day
D. Invoice Number
E. Customer's Age
7) The following process is carried out during the posting of lockbox entries when clearing
customer invoices.
A) Posting to a GL account, Posting then carried to accounts payable, then the invoice is cleared
against an open item in the vendor master.
B) Posting to a cash account in the GL, Credited by a clearing account which then posts to
account receivable and that is offseted by a vendor invoice. Open items in vendor are cleared
C). Posting to a cash account in the GL, Credited by a clearing account which then posts to
account receivable and that is offseted by a customer invoice. Open items in customer are
cleared
D) The user manually goes to the customer record and manually clears the open item while
posting a receipt to the open item.
Answers
1. A,B
2. A,B,C
3. A,B,C
4. J
5. E
6. A,B,D
7. C
8. B,C,D
Drilldown Reporting Review Questions
1. Examples of characteristics in drilldown reporting include:
A. Company code
B. Business area
C. Plan/actual indicator
D. Time reference
E. All of the above
A. not select characteristics that you do not need in the drilldown report
B. only retain the characteristic that you actually require
C. sort the order of the characteristics of personal preference
D. A and B
E. all of the above
6. The following are types of forms in drilldown reporting (more than 1 answer):
A. Key Figures
B. Report Painter
C. AR/AP line item analysis
D. GL account balance
E. All of the above
7. True/False: It is possible to switch between the detailed list view and the drilldown list view in
reports.
8. True/False: A form describes the basic content and formal structure of report lists.
Answers
1. E
2. D
3. D
4. E
5. C
6. A,C,D
7. True
8. True
A. current date
B. next working day of current month
C. current date +/- ?? days
D. from month start to today
E. A-C
F. all of the above
3. True/False: Variants allow you to execute a report repeatedly with different selection criteria in
different variants.
4. True/False: Table variables in TVARV can store statistical information that can be used in
different reports.
6. True/False: You must enter values for selection criteria each time you start a report
7. True/False: Dynamic selections is used for A/R reports.
8. Which of the following reports is the A/P information system split into?
A. vendor balances
B. invoice ledgers
C. vendor items
D. master data
E. payment transactions
Answers
1. F
2. A
3. True
4. True
5. C,D,E
6. False
7. False
8. A,C,D,E
1. Asset Explorer offers extensive possibilities for evaluating individual asset master records.
Which of the following are Asset Explorer options?
a. Go to FI document
b. Display depreciation calculation
c. Display substitution rule
d. Call reports
e. All of the above
7. One of the main advantages of the SAP list viewer (ABAP) is/are:
a. Dynamic creation of layouts
b. Dynamic creation of assets
c. Dynamic creation of variants
d. Filter sort
e. All of the above
f. None of the above
9. The asset accounting report trees of earlier SAP versions (up to SAP R/3 4.5) have since
been replaced by:
a. Report branches
b. Line item viewer
c. Cost center lists
d. Area menus
e. None of the above
10. The asset history sheet is an important and comprehensive report. By using report interfaces,
a user can:
Answers:
1. A,B,D
2. D
3. D
4. D
5. D
6. A,B,D
7. A,C,D
8. B
9. D
10. A,B,C
1. SAP List Viewer does NOT include which of the following generic cross-application functions:
A. Sort
B. Filter
C. Totals and subtotals
D. None of the above
2. SAP List Viewer provides which of the following functions for displaying and changing
documents:
3. Within selection criteria, there is the list output option. Which items can you configure for the
list output option? (check all that apply)
A. Item status
B. Variants
C. Layouts
D. Maximum number of items
E. Field status
4. When using List Viewer, when is the ALV grid control design particularly useful?
A. When you want to display individual accounts online for internet services offered by SAP
programs
B. When you want to print the grid
C. When you want to edit G/L master records
D. All Of the Above
5. True/False: You cannot select items for the line item list based on their status and category.
6. True/False: Items posted to a branch account are automatically forwarded to the head office
account?
7. In addition to selecting columns, when you create or change the layout, you can also
define/create:
A. sort criteria for sorting
B. reference criteria for sorting
C. assignment criteria for sorting
D. subtotals
E. all of the above
F. none of the above
Answers:
1. D
2. D
3. C,D
4. A
5. False
6. True
7. A,D
8. D
1. What are some of ledgers that the new GL will make obsolete?
A. EC-PCA
B. Cons Preparation
C. Cost of Sales
D. FI/CO Reconciliation Ledger
E. None of the above
2. What table with FAGLFLEXT replace? Will “old line item table” be deactivated?
3. When activating the New GL, is the effect at the client level or system level?
A. Client level, all co. codes or none
B. Company code level only
C. Business area level only
D. Controlling area level only
A. A1A
B. 0L
C. FAGLFLEXT
D. GLT0
E. All of the above
7. What are some of the fields in the extended data structure in FAGLFLEXT?
A. Cost center
B. Business area
C. Segment
D. Profit center
E. COGS (functional area)
F. Consolidation
G. All of the above
H. None of the above
A. Entry view
B. Parked document view
C. Held document view
D. General ledger view
E. Simulation view
12. What are the characteristics of the splitting procedure (select all that apply)?
Answers:
1. A,B,C,D
2. A
3. A
4. B
5. B
6. D
7. A
8. C
9. G
10. A,D
11. D
12. A,B,C,D
A. workflow variant
B. subworkflow
C. worklist
D. posting invoice
E. all of the above
A. Dates
B. Currency
C. Account Assignment
D. Company Code
E. All of the Above
A. Edit data
B. Create data
C. Change data
D. Delete data/document
E. Post data/document
F. All of the above
G. None of the above
7. What are the ways to save documents without performing "proper" Financial Accounting
posting?
A. Holding documents
B. Suspending documents
C. Parking documents
D. Halting documents
E. All of the above
8. What are the features of holding a document?
A. Organizational structure
B. Process structure
C. Flow pattern
D. Function
E. Information
Answers:
1. D
2. A
3. B,D
4. B,D
5. A,B,D
6. A,C,D,E
7. A,C
8. A,B
9. C
10. D
2. True/False: Noted items are two line item entries that require a zero balance check to be
made.
3. A bill of exchange:
4. True/False: The special G/L transaction class determines whether a transaction is a down
payment, a bill of exchange, or other type of transaction.
5. Which of these, fall under the "other transactions" in regards to special GL transactions?
(Select all that apply)
A. Guarantee of payment
B. Bill of Exchange
C. User Defined
D. Credit Exchange
E. individual value adjustments
8. When setting up a special G/L transaction with automatic offsetting entry, the user should
store an alternative special G/L account for:
Answers:
1. A,D
2. False
3. A,C
4. True
5. A,C,E
6. C
7. D
8. C
1.) The following statements are true regarding rules for substitutions/validations
A.) A rule is a logical statement that you can use in a perquisite statement, a check, or
another rule.
B.) A rule permits complex logic to be summarized; it cannot be reused.
C.) You can use rules within a statement that uses mathematical processing.
D.) All of the above.
E.) None of the above.
A.) A flexible data structure for portraying a ranged amounts and hierarchies.
B.) Used to improve system performance.
C.) They are only used in one component of the FI-SL system.
D.) All of the above.
E.) None of the above.
A) Prerequisite
B) Post Requisite
C) Check
D) Balance
E) Message
A) Warning
B) Error
C) Critical
D) Cancel
E) Information
5.) When defining the substitution method in Financial Accounting you can choose between:
Chose all that apply
7.) Substitution steps consist of which of the following parts (check all that apply):
A.) Prerequisite
B.) G/L Account Splitting
C.) Variant
D.) Replacement
E.) All of the Above
8.) Substitutions in Financial Accounting consist of the following method(s):
9.) The rule manager validates the data according to the validation rules? T/F
10.) Which of the following are application areas use validations and substitutions:
A.) FI
B.) CO
C.) AM
D.) GL
E.) Project System
F.) All of the above
G.) None of the Above
H.) A & C
I.) B & D
J.) A & B
K.) A & D
L.) D & C
11.) So, let’s say that you are trying to find some cheap tickets on Travelocity.com and you need
to input the names of the airports where you are going to land. You are flying from Kansas City to
Chicago O’Hare. Since you don’t know the airport codes, you simply put down the names of the
city. When you click the process key to see the results, you notice on the corresponding page
that the Travelocity has changed the airport cities to the appropriate airport codes (MCI & ORD).
This would be an example of:
A.) Substitution
B.) Validation
C.) Changing
D.) Populating
E.) All of the above
Answers:
1.) The following statements are true regarding rules for substitutions/validations
F.) A rule is a logical statement that you can use in a perquisite statement, a check,
or another rule.
G.) A rule permits complex logic to be summarized; it cannot be reused.
H.) You can use rules within a statement that uses mathematical processing.
I.) All of the above.
J.) None of the above.
F.) A flexible data structure for portraying a ranged amounts and hierarchies.
G.) Used to improve system performance.
H.) They are only used in one component of the FI-SL system.
I.) All of the above.
J.) None of the above.
5.) When defining the substitution method in Financial Accounting you can choose between:
Chose all that apply
A. constant value
B. exit
C. prerequisite
D. field-field assignment
E. all of the above
7.) Substitution steps consist of which of the following parts (check all that apply):
A. Prerequisite
B. G/L Account Splitting
C. Variant
D. Replacement
E. All of the Above
9.) The rule manager validates the data according to the validation rules? (T)
10.) Which of the following are application areas use validations and substitutions:
a. FI
b. CO
c. AM
d. GL
e. Project System
f. All of the above
g. None of the Above
h. A&C
i. B&D
j. A&B
k. A&D
l. D&C
11.) So, let’s say that you are trying to find some cheap tickets on Travelocity.com and you need
to input the names of the airports where you are going to land. You are flying from Kansas City to
Chicago O’Hare. Since you don’t know the airport codes, you simply put down the names of the
city. When you click the process key to see the results, you notice on the corresponding page
that the Travelocity has changed the airport cities to the appropriate airport codes (MCI & ORD).
This would be an example of:
m. Substitution
n. Validation
o. Changing
p. Populating
q. All of the above
15. What program is now obsolete for posting back discounts to CO objects and
assets?
SAPF181
16. What needs to be defined and assigned to enable real time CO/FI integration?
Variant
18. What are the allocation methods that can now be performed in GL?
assessments and distributions
19. What are components of the allocation methods (cycle, segment)?
Sender/receiver relationship, tracing factors, amounts
22. Can more than one company code be attached to a non leading ledger?
Yes