SAP FI Certification Sample Question Set

ISAP FI Certification Sample Question Set - 1
01. Which line item field is filled automatically by the sort key field of a master
record (G/L account, customer, or vendor)?
Note: Please choose the correct answer.
a) Item text
b) Assignment
c) Amount in document currency
d) Number of the invoice to which the transaction belongs
02. Which two data sections are parts of every asset?
Note: There are 2 correct answers to this question.
a) Account determination data section
b) Depreciation data section
c) Master data section
d) Valuation area data section
03. When dealing with Financial Statement Versions (FSVs), how do you ensure
that the requirements of the various target groups (for example auditors, tax
authorities, and banks) are satisfied?
Note: There are 2 correct answers to this questions.
a) Create different versions of the same FSV.
b) Create one FSV, then save different variants based on the needs of the various groups.
c) Create one FSV and enhance it with different sets of notes.
d) Create different FSVs based on the needs of the target group.
04. What is the purpose of account determination in the accrual engine?

a) To determine the CO object.
b) To determine the correct posting period.
c) To determine debit and credit accounts.
d) To determine the document type.
05. For which scenario can you use the cash journal?
a) To manage cash in local branches and offices.
b) To make remittances to vendors.
c) To post incoming and outgoing payments in any transaction currency
d) To record documents that will not be included in the general ledger.
06. What are the prerequisites for setting up cross-company cost accounting?
a) The same fiscal year is used for all company codes.
b) The same variant for open periods is used for all company codes.
c) The same chart of accounts is used for all company codes.
d) The same currency is used for all company codes.
07. You post a G/L document. For the Text field, the field status of the posting key
is set to Required Entry and the field status of the G/L account is set to Hidden
Entry. What happens during posting?
a) The document is posted.
b) A warning message is shown.
c) An error message is shown.
d) The Text field is hidden.
08. Which Customizing settings can you make for payment terms?
a) Determine a default payment method for the line item
b) Determine whether a payment term is valid only for the vendor, only for the customer,
or for both customer and vendor
c) Determine a default currency code for the header of the accounting document
d) Determine that invoices are locked for dunning
e) Determine that invoices are locked for payment
09. To which of the following does an asset class apply?

a) To all company codes in a controlling area
b) To all company codes in an instance (client-independent)
c) To all company codes in a client
d) To all company codes within a client, which share the same chart of accounts
10. Which of the following are interactive functions available in the SAP List
Viewer.
a) Dual control.
b) Sorting.
c) Master data modification.
d) Summation.
e) Filters.
Solutions:
QUESTION: 01 QUESTION: 02 QUESTION: 03 QUESTION: 04 QUESTION: 05
Answer: b Answer: b, c Answer: b, c Answer: c, d Answer: a
Answer: a, c Answer: c Answer: a, b, e Answer: c Answer: b, d, e

SAP FI Certification Sample Question Set - 2
01. Which are the necessary steps to create a validation?
a) Check, control, message
b) Prerequisite, check, update, control
c) Check, update, message
d) Prerequisite, check, message
02. Instead of the classic system monitoring of individual system components;
with Solution Monitoring, entire business processes can be monitored as a whole
across multiple components. Identify the three components that define the
concept of Solution Monitoring:
a) User Level management
b) Business Process Monitoring
c) System Monitoring
d) Service Level Management
e) Component Solution Monitoring
03. What does the fiscal year variant control?

a) The number of special periods available in addition to the normal periods
b) The number of periods (up to 16 posting periods including special periods)
c) The open periods (a period interval for closing and another for day-to-day business)
d) The number of periods (up to 52 posting periods and special periods)
04. You can configure different types of Chart of Accounts in the ERP system.
Which one of the following are TRUE Chart of Accounts?
a) Group chart of accounts
b) Country-specific chart of accounts
c) Operating chart of accounts
d) Plant-specific chart of accounts
05. When parking a document, which of the following occurs in the system?
a) The document number is not assigned and transaction figures are not updated.
b) The field status of the posting key.
c) The document number is not assigned but transaction figures are updated.
d) The document number is assigned but transaction figures are not updated
06. Which of the following parameters are defined in the payment program to
select appropriate open items?
a) Exchange rate type
b) Bank account
c) Program identification
d) purchasing group
07. What is a benefit of a drilldown report?

a) The navigation area
b) The edit and save functionality
c) The workflow connection
d) The automatic refresh
08. The organizational units of Financial Accounting are used for external
reporting purposes; that is, they fulfill requirements that your business is subject
to from external parties (e.g. legal regulations) Which of the following
Organizational units are Mandatory in an ERP system with Fl?
a) Client
b) Fiscal Year
c) Business Area
d) Company Code
09. You want to use external number assignment for specific document types.
What is the special feature of external number assignment?
a) The numbers can be alphanumeric.
b) The number ranges can overlap.
c) The number ranges can be used across all company codes.
d) The system issues the numbers automatically.
10. In New GL, how would you incorporate companies with different fiscal years if
you wanted to assign them to the same controlling area?
a) Use the same fiscal year variant for all company codes and do a reversible close for the
company codes that have different fiscal years.
b) Use the same fiscal year variant for all company codes and set up parallel accounting for
c) Create company codes with different fiscal year variants and assign them to the same
group company for reporting purposes.
d) Create company codes with the same fiscal year variant and assign the company codes
that have a different fiscal year to non-leading ledgers with the appropriate fiscal year
variant.
Solutions:
Answer: d Answer: b, c, d Answer: a, b Answer: a, b, c Answer: d
Answer: a, c Answer: a Answer: a, b, d Answer: a Answer: d

01. In your leading ledger (ledger solution), balance sheets must be created
for company codes and segments. Which Customizing settings do you need to
make?
a) Define a retained earnings account.
b) Define two retained earnings accounts and assign them to your P&L accounts.
c) Assign the Segment Reporting scenario to your leading ledger.
d) Activate cost of sales accounting.
02. Which object has to be used to avoid a change of reconciliation account in the
customer's master data?
a) The field status group of the reconciliation account
b) The field status of the posting key
c) The field status of the customer account group
d) The field status of the activity
03. Into which types can Special G/L transactions be divided?

a) Automatic offsetting entry
b) Noted item
c) Value adjustment
d) Interest
e) Free offsetting entry
04. What do you use the Closing Cockpit for?

a) To perform periodically recurring activities
b) To run reconciliation between CO and FI
c) To perform day-to-day activities
d) To create mass change of offsetting days for existing activities
05. What does the fiscal year variant control?

a) The AuC has not been released.
b) There is no settlement profile assigned to the company code.
c) The settlement profile does not allow assets as valid receivers.
d) The status of the AuC is set to Summary Management.
e) The Depreciation Engine is not active.
06. In the New General Ledger Accounting, how would you incorporate companies
with different fiscal years if you wanted to assign them to the same controlling
area?
b) Create company codes with different fiscal year variants and assign them to the same
c) Create company codes with the same fiscal year variant and assign the company codes
variant.
d) Use the same fiscal year variant for all company codes and set up parallel accounting for
07. You are asked to set up the accounting structure to facilitate segment
reporting based on the SAP standard segmentation scenario. Which organizational
unit can be used to derive the segment?
a) Profit center
b) Company code
c) Business area
d) Functional area
08. Which objects can be assigned to an asset master record?

a) Cost center.
b) Internal order.
c) Profit center.
d) WBS element.
e) Profitability segment.
09. Your customer wants to clear minor payment differences for incoming
payments automatically. Which objects do you have to use to fulfill this
requirement?
a) Tolerance groups for G/L account and tolerance groups for employees
b) Tolerance groups for G/L account and tolerance groups for customers/vendors
c) Tolerance groups for employees and tolerance groups for document types
d) Tolerance groups for employees and tolerance groups for customers/vendors
10. Your customer wants to add a new company code and asks you to make the
configuration settings for document types and number ranges. What do you have
to do?
a) Allow all document types for the new company code.
b) Define number ranges for the new company code
c) Set a second number range for all document types.
d) No additional settings are necessary
Solutions:
Answer: a, c Answer: d Answer: a, b, e Answer: a Answer: a, b
Answer: c Answer: a Answer: a, b, d Answer: d Answer: b

01. Which of the following objects can you post to via the cash journal?
a) Asset master
b) Accrual Engine
c) Customer
d) One-time customer
e) Material master
02. What do you define when you configure a dunning procedure?
a) Dunning levels and the language of the dunning note
b) Dunning levels and account determination to post dunning interest
c) Dunning charges for each dunning level and customers to be dunned
d) Dunning levels and dunning charges for each dunning level
03. Which of the following are interactive functions available in the SAP List
Viewer?
a) Dual control
b) Filters
c) Sorting
d) Summation
e) Master data modification
04. What is the maximum number of line items of an FI document?

a) Unlimited
b) 999
c) 99
d) 9999
05. What are the prerequisites for setting up cross-company-code cost

accounting?
a) The same fiscal year variant is used for all company codes.
b) The same currency is used for all company codes.
c) The same variant for open periods is used for all company codes.
d) The same chart of accounts is used for all company codes.
06. Which are the correct series of steps in the payment program?
a) CD Maintain parameters, Proposal run, Printing Payment Media, Execute a payment run
CD.
b) Proposal run, Maintain parameters, Printing Payment Media, Execute a payment run CD.
c) Proposal run, Execute a payment run, Printing Payment Media, Maintain parameters CD.
d) Maintain parameters, Printing Payment Media, Proposal run, Execute a payment run CD.
e) Maintain parameters, Proposal run, Execute a payment run, Printing Payment Media.
07. What is the purpose of account determination in the accrual engine?

a) To determine the CO object.
b) To determine the correct posting period.
c) To determine debit and credit accounts.
d) To determine the document type.
08. In the New General Ledger Accounting, how would you incorporate companies
with different fiscal years if you wanted to assign them to the same controlling
area?
b) Create company codes with different fiscal year variants and assign them to the same
c) Create company codes with the same fiscal year variant and assign the company codes
variant.
d) Use the same fiscal year variant for all company codes and set up parallel accounting for
09. What does the posting key control?

a) Account type
b) Document type
c) Field status
d) Debit/credit indicator
e) Number range
10. SAP Solution Manager provides support throughout the life cycle of solutions -
which common usage scenario is missing from the list of usage scenarios below?
(Implement SAP Solutions), (Monitor SAP Solutions), (Manage Service Desk),
(Link to SAP Services), (Upgrade SAP Solutions)
a) Monitor Service Desk
b) Manage Change Requests
c) Link to Change Requests
d) Implement SAP Services
Solutions:
Answer: c, d Answer: d Answer: b, c, d Answer: b Answer: a, d
Answer: e Answer: c, d Answer: c Answer: a, c, d Answer: b

Sample Questions
Q1. 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.
Organizational unit Definition

Client Obligatory
Company Optional
Company code Obligatory
Business area Optional
Apart from this, there are certain Basic settings that are mandatory as well.
These are:
Chart of accounts
Fiscal year
Currencies
Q2. You can configure different types of Chart of Accounts in the ERP system.
Some of these are:
A. Operating chart of accounts
B. Group chart of accounts
C. Country-specific chart of accounts
D. Plant specific chart of accounts
Answer:
A, B, C
Charts of accounts can have three different functions in the system:
Operating chart of accounts

The operating chart of accounts contains the G/L accounts that you use for posting in
your company code during daily activities. Financial Accounting and Controlling both
use this chart of accounts.
You have to assign an operating chart of accounts to a company code.
Group chart of accounts

The group chart of accounts contains the G/L accounts that are used by the entire
corporate group. This allows the company to provide reports for the entire corporate
group.
The assigning of an corporate group chart of accounts to a company code is optional.
Country-specific chart of accounts

The country-specific chart of accounts contains the G/L accounts needed to meet
the country's legal requirements. This allows you to provide statements for the
country's legal requirements.
The assigning of an country-specific chart of accounts to a company code is optional.
Q3. The company code, business area and controlling area organizational units can
be combined in a number of ways. Using these combinations you can represent
organizations with different structures. Which of the following are valid combinations?
A. One Company Code can be assigned to multiple Controlling areas
B. One Controlling area can be assigned to multiple company codes

C. One business area can be assigned to multiple company codes
D. One company code can be assigned to multiple business areas
Answer:
B, C, D
One Controlling Area is Assigned to One Company Code

In this example, the financial accounting and cost accounting views of the organization
are identical.
Multiple Company Codes Assigned to One Controlling Area

This example is Cross-Company Code Cost Accounting. Cost accounting is carried
out in multiple company codes in one controlling area. All cost-accounting relevant
data is collected in one controlling area and can be used for allocations and
evaluations.
In this case, the external and internal accounting perspectives differ from each other.
For example, this method can be used if the organization contains a number of
independent subsidiaries using global managerial accounting. Cross-company code
cost accounting gives you the advantage of using internal allocations across company
code boundaries.
Company Codes and Business areas have an n:m relationship

Q4. 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?
A. Cross-company code transactions that MUST be processed in a controlling area
B. Multilevel Product Cost Management across company codes
C. Representation of intercompany processes, whereby producing and delivering

plant are the same.
Answer:
A, B
A 1:n relationship between controlling area and company code is recommended

for the following situations:
Cross-company code transactions that MUST be processed in a controlling

area, for example, production in an associate plant, special cases of intercompany
processing.
Cross-company code CO postings that can be displayed in the reconciliation

ledger, such as assessments, capitalization of internal activity in Asset Accounting,
activity allocation.
Representation of group costing.
Use of Profit Center Accounting and transfer prices.
Multilevel Product Cost Management across company codes

A 1:1 relationship between controlling area and company code is recommended for
the following situations:
Consolidated analysis of settled transactions across company codes in

Profitability Analysis (CO-PA) In this situation, you assign more than one controlling
area to an operating concern
Representation of intercompany processes, whereby producing and delivering

plant are the same.
Q5. Which of the following tax types does the SAP System support for calculating,
posting, and correcting tax, as well as for tax reporting?
A. Tax on sales & purchases

B. Withholding Tax
C. Top Up Tax
D. Additional Tax
Answer:
A, B, D
The following Tax types are supported in a standard SAP system:
Tax on sales and purchases

Taxes on sales and purchases are levied on every sales transaction in accordance
with the principles of VAT. This applies to input and output tax, for example.
Input tax is calculated using the net invoice amount and is charged by the vendor.
Output tax is calculated using the net price of products and is charged to the customer.
Companies can offset input tax against output tax, paying the balance to the tax
authorities. Tax authorities can set a nondeductible portion for input tax which cannot
then be claimed from the tax authorities.
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.
Q6. Depending on your systems configuration, the system can generate and post line
items automatically. For which business transactions can this be done?
A. Entering a customer invoice

B. Entering Special G/L transactions
C. Posting a Vendor Payment
Answer:
A, B, C
The following line items are generated for each of the above business transactions:
Entering a customer or vendor invoice

Tax on sales/purchases (output tax when posting a customer invoice, input tax
when posting a vendor invoice)
Payables and receivables between company codes (when posting
cross-company code transactions)
Posting a customer or vendor payment and clearing open items

Cash discount (paid and received when posting payments)
Backdated tax calculation for tax on sales/purchases
(after cash discount deduction)
Gains and losses from exchange rate differences (between invoice and payment)
Unauthorized deduction of cash discount (when a payment is slightly different to
the amount due)
Residual items
Bank charges
Entering special G/L transactions

Bill of exchange charges
Tax adjustment for a down payment
Q7. You can add details to any automatically generated line item. For example,
you can add text to a tax on sales/purchases line item.
A. True
B. False
Answer:
A
If you are permitted to make additional account assignments to the automatically

generated line items, the system branches directly to the document overview.
Here, the automatically generated items are highlighted.
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.
Q8. The document type is a key that is used to classify accounting documents. It is
entered in the document header and applies to the whole document.
Which of the following purposes are achieved by using document types?
A. Assigning document numbers

B. Posting to account types
C. Clearing line items
D. Differentiating between business transactions
Answer:
A, B, D
The following purposes are served by using 'Document Types:
Differentiating between business transactions. The document type tells you

instantly what sort of business transaction is in question. This is useful, for example,
when displaying line items for an account.
Controlling the posting to account types (vendor, customer, or G/L

accounts). The document type determines which account types that particular
document can be posted to.
Assigning document numbers. A number range is assigned to every

document type. The numbers for the documents you create are taken from this number
range.
The original documents from one number range should be stored together. In this way,
the document type controls document storage.
For more information, see Document Number Assignment and Controlling Document
Storage Using the Document Type
Applying the vendor net procedure. This means that any discount and the net
amount are calculated (and posted) when the vendor invoice is posted.
Q9. 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?
A. A document can be reversed if it has no cleared items

B. Documents in MM can be reversed with a credit memo
C. 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.
Answer:
A, C
A document can only be reversed if:

It contains no cleared items
It contains only customer, vendor, and G/L account items
It was posted with Financial Accounting
All entered values (such as business area, cost center, and tax code) are still valid
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 SD can be reversed with a credit memo.
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.
Q10. 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
The following are the key components of schedule manager:
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.
Q11. You would like to use recurring entries for periodic transaction. Which of the
following are False with reference to 'recurring entries'?
A. Posting Key, Account and Amount never change in recurring entries
B. Postings can be made periodically or on a specific date
C. Recurring documents do Not require a separate number range.
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 Financial Accounting Global Settings Document Recurring Entries Define

Run 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.
Q12. 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
The dunning configuration consists of configuring the following:
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.
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 accounts currency is defined at the chart of account level.
b. Yes, because the accounts 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 employees 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.
Here are the answers to sample SAP FI questions for certification.
1. (a) false;
If the flag Parked items is not active, they will not appear on the list.
(b) false;
If the flag Parked items is active, they will appear on the list.
(c) correct;
This is how it works.
(d) false;
Parked documents cannot be cleared.
2. (a) correct;
It is how it works.
(b) false;
It is defined at chart of account level, so it is defined once for all the companies that use
the chart of accounts.
(c) false;
This has no influence on it.
(d) false;
This has no influence on it.
3. (a) false;
It is defined at company code level, so each company can have a different currency.
(b) correct;
It is defined at company code level, so each company can have a different currency.
(c) false;
This has no influence on this; furthermore charts of accounts do not have currencies
assigned.
(d) false;
This has no influence on this; accounts can have currencies different from the currency
of the company.
4. (a) false;
The posting is going to be done on company code 0001, so it does not matter if the
period is opened or not in company code 0002.
(b) correct;
Otherwise, SAP will not allow posting it.
(c) false;
The posting is going to be done on company code 0001, so it does not matter if the user
has authorization for company code 0002.
(d) correct;
If it is closed, the posting cannot be done.

5. (a) false;
Postings cannot be deleted in SAP.
(b) false;
If the posting period is closed, SAP will not allow it.
(c) false;
SAP does not do this.
(d) correct;
This can be done to fix the error.
6. (a) false;
SAP takes the date of the translation date.
(b) false;
SAP takes the date of the translation date.
(c) correct;
This is how SAP works, if the user enters the exchange rate.
(d) correct;
This is how SAP works.
7. (a) false;
SAP will allow modifying the fields.
(b) false;
Text can also be modified if the user wishes to do it.
(c) false;
Amounts can also be modified if the user wishes to do it.
(d) correct;
Text and amounts can be modified if the user wishes to do it.
8. (a) correct;
(b) false;
Recurring entries must have the last date of execution.
(c) correct;
(d) false;
Periodic process needs to be run to post them.
9. (a) false;
They do not appear because they are not real documents just samples.
(b) false;
This option does not exist.
(c) correct;
(d) false;
10. (a) false;
The posting period has been set to 01.2012 just for asset accounts.
(b) false;
The posting period has been set to 01.2012 for asset accounts.
(c) correct;
The posting period has been set to 01.2012 just for asset accounts.
(d) false;
When both companies use the same posting period variants, if the user opens/closes
one period, it is done for both companies.
11. (a) false;
Payment terms are maintained at company code level or at the purchasing organization
level, so it is possible to have different payment terms for each company.
(b) false;
Payment terms are maintained at vendor master data.
(c) correct;
(d) correct;
12. (a) false;
The clerk can enter the baseline date but not the due date.
(b) correct;
The clerk can enter the baseline date and the payment terms are applied to that date.
(c) false;
The clerk can enter the baseline date but not the due date; SAP does not enter anything
in the due date automatically.
(d) correct;
The clerk can enter the baseline date but not the due date.
13. (a) correct;
One vendor can have several payment methods.
(b) false;
One vendor can have several payment methods in one company.
(c) false;
One vendor can have several payment methods.
(d) false;
Payment methods are maintained at vendor master data.
14. (a) correct;

Withholding taxes can be setup to withhold the amount in the invoice or in the payment.
(b) false;
If the vendor has an exemption reason no amount will be withheld, if it does not have it,
the amount will be withheld.
(c) correct;
Withholding taxes can be setup to withhold the amount in the invoice or in the payment.
(d) false;
Withholding tax codes are maintained in vendor master data.
15. (a) correct;
One vendor can be subject to several withholding taxes.
(b) false;
Withholding tax codes are maintained in vendor master data.
(c) false;
(d) false;
16. (a) false;
It can be done by the payment program.
(b) false;
(c) correct;
(d) false;
17. (a) false;
You can add invoices that have not been selected by the program for some reasons (for
example, payment blocks, missing payment methods, etc.).
(b) correct;
(c) false;
(d) false;
Payment blocks can be removed in the payment program to pay those invoices.
18. (a) correct;
This can be setup in SAP.
(b) false;
This can be setup in SAP, using the same paying company.
(c) false;
This can be setup in SAP, regardless of the country where the companies are based.
(d) false;
This can be setup in SAP, using the same paying company.
19. (a) false;
Using special GL account indicators the postings can go to a different GL account.
(b) correct;
(c) false;
Special GL account indicators can be defined with the same GL account, so the posting
will go to the same account.
(d) correct;
Using special GL account indicators the postings can go to a different GL account

(down payment or any other).
20. (a) false;
You need to specify in the selection screen if you want the system to display them.
(b) correct;
(c) false;
If you specify in the selection screen the system will display them.
(d) false;
They can be displayed in the vendor open items. If you specify in the selection screen,
the system will display them.
21. (a) false;
Partial payments do not clear the original invoice.
(b) false;
A user can make a partial payment of create a residual item.
(c) correct;
This is one possibility.
(d) correct;
This is one possibility.
22. (a) false;
Cash management group is maintained at the company code level, so it is possible to

have different cash management group for each company.
(b) false;
Cash management group is maintained at customer master data.
(c) correct;
Cash management group is maintained at the company code level, so it is possible to

have different cash management group for each company.
(d) false;
Cash management group is not maintained at the sales area level.
23. (a) correct;

One customer can have several payment methods.
(b) false;
One customer can have several payment methods in one company.
(c) false;
One customer can have several payment methods.
(d) false;
Payment methods are maintained at customer master data.
24. (a) false;
It can be changed manually in the customer master data or in the invoice.
(b) correct;
(c) false;
(d) correct;
25. (a) false;
example, dunning blocks).
(b) correct;
(c) false;
(d) false;
Dunning blocks can be removed in the dunning program to dun those invoices.
26. (a) false;
(b) correct;
(c) false;
Special GL account indicators can be defined with the same GL account, so the posting
will go to the same account.
(d) false;
Using special GL account indicators the postings can go to a different GL account

(advances or any other).
27. (a) false;
(b) correct;
(c) false;
If you specify in the selection screen the system will display them.
(d) false;
They can be displayed in the vendor open if you specify in the selection screen the
system will display them.
28. (a) correct;
Posting block is maintained at company code level.
(b) false;
Posting block is maintained at company code level.
(c) false;
They can be blocked at a company code level.
(d) correct;
Posting block is maintained at a company code level or sales area.
29. (a) false;
Payment program can be used to generate incoming payments for incoming payment
methods.
(b) false;
methods.
(c) correct;
methods.
(d) false;
methods.
30. (a) false;
It is possible.
(b) false;
It is possible, but you need to activate the flag Clearing with vendor in the customer
master data and the flag Clearing with customer in the vendor master data as well.
(c) false;
You need to assign vendor code to the customer master data and customer code to the
vendor master data; otherwise SAP cannot know which vendor corresponds to the
customer.
(d) correct;
31. (a) false;
SAP can calculate and post these interests.
(b) false;
(c) correct;

(d) false;
Dunning program does not do this.
32. (a) correct;
SAP can do this automatic clearing.
(b) false;
SAP groups the open items by the automatic clearing criteria. All items could be
balanced, but if the different groupings done according to the criteria are not balanced,
not automatic clearing will take place.
(c) false;
SAP also allows the automatic clearing.
(d) false;
SAP does not do this.
33. (a) correct;
This is how dunning program works.
(b) correct;
SAP allows manual modification of dunning levels.
(c) false;
SAP allows manual modification of dunning levels.
(d) false;
This is done by the dunning program, and it needs to be done by the user.
34. (a) correct;
Document type controls this. If one account type has not been defined in the document
type you will not be able to use it.
(b) false;
Document type does not control this.
(c) correct;
Document type controls this. The number that SAP will assign to the document depends
on the document type.
(d) false;
Second answer is incorrect.
35. (a) false;
If it has been maintained in the master data and in the item, SAP picks the one in the
item.
(b) correct;
If it has been maintained in the master data and in the item, SAP picks the one in the
item.
(c) correct;
This is how SAP works in this case.
(d) false;
You cannot enter the house bank at the paying company level.
36. (a) correct;

This is determined by the fiscal year variant.
(b) correct;
(c) correct;
(d) false;
This is not determined by the fiscal year variant.
37. (a) false;
It can be defined up to three.
(b) false;
(c) correct;
(d) false;
38. (a) false;
Withholding tax codes can only be used for customers when the extended withholding
tax functionality is activated.
(b) correct;
(c) false;
(d) false;
Withholding tax codes are maintained at customer master data if the extended
withholding tax functionality is activated.
39. (a) correct;
This is controlled by the posting key.
(b) correct;
(c) correct;
(d) false;
This is not controlled by the posting key.
40. (a) false;
This is done with the substitutions; in validations the values cannot be changed.
(b) correct;
This is how validations work.
(c) correct;
This is how validations work.
(d) false;
Validations can also check the complete document.
41. (a) correct;
It can be used like this.
(b) false;
This does not exist.
(c) correct;
(d) correct;
42. (a) false;
One company can just have one chart of depreciation.
(b) false;
One company can just have one chart of depreciation; it can have several depreciation
areas to implement different accounting principles.
(c) false;
One company can just have one chart of depreciation; it can have several depreciation
areas to implement different accounting principles.
(d) correct;
One company can just have one chart of depreciation.
43. (a) correct;
This is controlled by the asset class.
(b) correct;
(c) correct;
(d) false;
This is not controlled by the asset class; SAP assigns it when the asset is capitalized by
a posting.
44. (a) false;
This is not controlled by the depreciation key, but by the asset class.
(b) false;
This is not controlled by the depreciation key, but by the account determination
assigned to the asset master data.
(c) correct;
This is controlled by the depreciation key.
(d) false;
This is not controlled by the depreciation key, but by the asset master data.
45. (a) correct;

This is controlled by the valuation method.
(b) correct;
(c) false;
This is not controlled by the valuation method; this is entered on the selection screen of
valuation process.
(d) correct;
46. (a) correct;
This is controlled by the interest calculation indicator.
(b) false;
This is not controlled by the interest calculation indicator; it is assigned to the reference
interest rate characteristic.
(c) correct;
(d) correct;
47. (a) false;
Closing cockpit does not do this.
(b) false;
You can define the use of nonstandard tasks as well.
(c) correct;
You can define the use of nonstandard tasks.
(d) false;
You can run the tasks from the closing cockpit.
48. (a) correct;
This is done by this process; it can be done based on a value date.
(b) correct;
This is done by this process; it can be done based on a posting date.
(c) correct;
This is done by this process; it can be done based on a document date.
(d) false;
This is done by this process; it cannot be done based on a due date.
49. (a) correct;
(b) correct;
(c) false;
Special GL accounts postings can also be cleared by this process.

(d) correct;
Special GL accounts postings can also be cleared by this process.
50. (a) false;
This process does not allow the creation of new recurring entries, it just post the
recurring entries already created.
(b) false;
This process selects the recurring entries to be posted based on the settlement period
entered in the selection screen, not based in the execution date.
(c) correct;
This process selects the recurring entries to be posted based on the settlement period
entered in the selection screen, not based on the execution date.
(d) false;
The created documents are posted, not parked.
51. (a) correct;
(b) correct;
It is allowed.
(c) false;
Is does the postings as well.
(d) false;
It is based on a key date entered in the selection screen not in the execution date.
52. (a) false;
It does not fix the error, if is there a problem it needs to be analyzed.
(b) false;
(c) correct;
(d) correct;
53. (a) false;
(b) correct;
(c) correct;
(d) false;
54. (a) correct;
This is done by this process.
(b) false;
This is not done by this process.
(c) correct;
(d) correct;
55. (a) false;
Differences can be posted automatically by this process.
(b) correct;
(c) false;
Differences can be posted automatically by this process.
(d) correct;
56. (a) correct;
This is how this process works.
(b) false;
This is done automatically.
(c) false;
This is posted automatically.

(d) false;
57. (a) correct;
This is how this process works.
(b) false;
This is done automatically.
(c) false;
This is posted automatically.
(d) false;
58. (a) false;
You can have more than one posting period opened.
(b) correct;
You can do this.
(c) correct;
You can do this using the authorization group.
(d) correct;
You can do this.
59. (a) correct;

The layout is determined according to the asset class used.
(b) false;
(c) false;
(d) false;
60. (a) false;
Depreciation areas are assigned according to the customizing done to the asset class
and they cannot be changed.
(b) false;
(c) false;
(d) correct;
61. (a) false;
Depreciation start date is assigned by the system when the asset is capitalized, but this
date can be changed in the asset master data.
(b) correct;
(c) false;
(d) correct;
This can also be done when creating the asset master data.
62. (a) correct;
It is allowed but you need to post to at least one real area.
(b) false;
(c) false;
(d) false;
This capitalization does not change the system behavior.
63. (a) false;
This recalculation is done automatically by SAP; the recalculation process is needed if

the depreciation parameters are changed in the asset master data.
(b) correct;
This recalculation is done automatically by SAP.

(c) false;
SAP does not do this, it recalculate automatically the depreciation.
(d) false;
SAP does not do this, it recalculate automatically the depreciation.
64. (a) correct;
The recalculation process is needed if the depreciation parameters are changed in the
asset master data.
(b) false;
asset master data.
(c) false;
asset master data.
(d) correct;
asset master data.
65. (a) false;
SAP post as revenue / loss the difference between the net book value and the sale
amount.
(b) correct;
amount.
(c) correct;
This is done by SAP if the asset is sold.
(d) correct;
amount.
66. (a) false;
Asset class cannot be changed.
(b) correct;
(c) correct;
This is how SAP works; it can be settled to a WBS element, a GL account, etc.
(d) correct;
67. (a) false;
An asset can be fully depreciated, but still is in the company books.
(b) correct;
If the net book value is 0, the percentage retired will always be 0.
(c) false;
As it is a partial retirement this is not done by SAP.

(d) correct;
SAP post as loss the portion the net book value that is retired without revenue.
68. (a) correct;
SAP allows this.
(b) correct;
SAP allows this.
(c) correct;
SAP allows this.
(d) false;
SAP does not allow this.
69. (a) correct;
SAP works like this.
(b) false;
SAP takes the accounts from the account determination in the asset master data.
(c) correct;
(d) correct;
70. (a) correct;

Batch input sessions work like this.
(b) false;
Batch input sessions can be processed in foreground as well.
(c) false;
Batch input sessions can be processed in background and can be generated by non-
standard programs.
(d) false;
Non-standard programs can generate bath input sessions as well.
71. (a) false;
CUA does not do this.
(b) false;
CUA imports the roles from other systems in the landscape, it does not distribute them.
(c) false;
CUA does not do this.
(d) correct;
This is how CUA works.
72. (a) correct;
This is the definition of an IDOC.
(b) false;
One IDOC cannot have more than one Control record.
(c) correct;
This is the how IDOCs work.
(d) correct;
This is the how IDOCs work.
73. (a) correct;
This is how ALE works.
(b) correct;
This needs to be done to setup the ALE.
(c) false;
Non SAP systems can be also defined as partner profiles.
(d) correct;
It works like this.
74. (a) false;
This is an output request.
(b) correct;
It works like this.
(c) correct;
It works like this.

(d) correct;
It works like this.
75. (a) false;
This does not exist.
(b) correct;
It can use IDOCs.
(c) correct;
It can use batch input sessions.
(d) correct;
It can use direct inputs.
76. (a) false;
A job can have more than one step.
(b) correct;
A job can be linked to a previous one.
(c) correct;
A job can have more than one step.
(d) correct;
A job needs to be scheduled.
77. (a) false;

Financial Statement Versions are not assigned to company codes.
(b) false;
Accounts can be assigned to different Financial Statement Versions.
(c) correct;
If there are postings done to accounts not assigned, the statement will be unbalanced.
(d) correct;
Accounts can be assigned more than once.
78. (a) correct;
This is generated by this report.
(b) false;
This is not done by this report.
(c) correct;
(d) correct;
79. (a) correct;
This is what it produces.
(b) false;
This report can display the line items as well.

(c) correct;
This report works like this.
(d) correct;
This report works like this.
80. (a) false;
It does not display the individual transactions posted but the balances.
(b) correct;
This is displayed by this report.
(c) correct;
(d) correct;

SAP FI Certification Sample Question Set

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SAP FI Certification Sample Question Set

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ISAP FI Certification Sample Question Set - 1

04. What is the purpose of account determination in the accrual engine?

09. To which of the following does an asset class apply?

Answer: b Answer: b, c Answer: b, c Answer: c, d Answer: a

QUESTION: 06 QUESTION: 07 QUESTION: 08 QUESTION: 09 QUESTION: 10

Answer: a, c Answer: c Answer: a, b, e Answer: c Answer: b, d, e

03. What does the fiscal year variant control?

07. What is a benefit of a drilldown report?

QUESTION: 01 QUESTION: 02 QUESTION: 03 QUESTION: 04 QUESTION: 05

Answer: d Answer: b, c, d Answer: a, b Answer: a, b, c Answer: d

QUESTION: 06 QUESTION: 07 QUESTION: 08 QUESTION: 09 QUESTION: 10

Answer: a, c Answer: a Answer: a, b, d Answer: a Answer: d

03. Into which types can Special G/L transactions be divided?

04. What do you use the Closing Cockpit for?

05. What does the fiscal year variant control?

08. Which objects can be assigned to an asset master record?

QUESTION: 01 QUESTION: 02 QUESTION: 03 QUESTION: 04 QUESTION: 05

Answer: a, c Answer: d Answer: a, b, e Answer: a Answer: a, b

QUESTION: 06 QUESTION: 07 QUESTION: 08 QUESTION: 09 QUESTION: 10

Answer: c Answer: a Answer: a, b, d Answer: d Answer: b

04. What is the maximum number of line items of an FI document?

05. What are the prerequisites for setting up cross-company-code cost

07. What is the purpose of account determination in the accrual engine?

09. What does the posting key control?

QUESTION: 01 QUESTION: 02 QUESTION: 03 QUESTION: 04 QUESTION: 05

Answer: c, d Answer: d Answer: b, c, d Answer: b Answer: a, d

QUESTION: 06 QUESTION: 07 QUESTION: 08 QUESTION: 09 QUESTION: 10

Answer: e Answer: c, d Answer: c Answer: a, c, d Answer: b

You create your company-specific organizational structure in the SAP System by

Organizational unit Definition

B. Group chart of accounts

C. Country-specific chart of accounts

D. Plant specific chart of accounts

Charts of accounts can have three different functions in the system:

Operating chart of accounts

Group chart of accounts

Country-specific chart of accounts

A. One Company Code can be assigned to multiple Controlling areas

B. One Controlling area can be assigned to multiple company codes

D. One company code can be assigned to multiple business areas

One Controlling Area is Assigned to One Company Code

Multiple Company Codes Assigned to One Controlling Area

Company Codes and Business areas have an n:m relationship

A. Cross-company code transactions that MUST be processed in a controlling area

B. Multilevel Product Cost Management across company codes

C. Representation of intercompany processes, whereby producing and delivering

A 1:n relationship between controlling area and company code is recommended

Cross-company code transactions that MUST be processed in a controlling

Cross-company code CO postings that can be displayed in the reconciliation

Representation of group costing.

Use of Profit Center Accounting and transfer prices.

Multilevel Product Cost Management across company codes

Consolidated analysis of settled transactions across company codes in

Representation of intercompany processes, whereby producing and delivering

A. Tax on sales & purchases

The following Tax types are supported in a standard SAP system:

Tax on sales and purchases

A. Entering a customer invoice

Entering a customer or vendor invoice

Posting a customer or vendor payment and clearing open items

Entering special G/L transactions

If you are permitted to make additional account assignments to the automatically

A. Assigning document numbers

The following purposes are served by using 'Document Types: