SAP FI Certification ACTUAL UPDATED
Exam Questions and CORRECT Answers
Which statement supports the term "open item management"
A. Items in accounts with open item management can only be indicated as open and not cleared
B. Accounts with open item management must have line item display activated
C. Once open item management has been activated it cannot be cancelled
D. Open item management should be activated for bank accounts - CORRECT
ANSWER - Which statement supports the term "open item management"
B. Accounts with open item management must have line item display activated
Which of the following statements support the definition of account group
A. Determines in which number range the GL accounts number must reside
B. Number intervals for GL accounts master record must be the same as used for accounts
receivable and accounts payable
C. When creating a new GL account, the account group is an optional entry
D. The account group controls the appearance of the Chart of Accounts segment and Company
code segment of a GL account - CORRECT ANSWER - Which of the following
statements support the definition of account group
A. Determines in which number range the GL accounts number must reside
What is the maximum number of line items FI document can have
A. Two
B. 999
C. 1
D. 100 - CORRECT ANSWER - What is the maximum number of line items FI document
can have
B. 999
A period of a document is defaulted from
,A. Document Date
B. Document entry
C. Posting Date
D. Base line Date - CORRECT ANSWER - A period of a document is defaulted by
C. Posting Date
What is the maximum number of special periods a company can have?
A. Max 12
B. Max 4
C. Max 16 - CORRECT ANSWER - What is the maximum number of special periods a
company can have?
B. Max 4
Document type be assigned to
A. Company code
B. Client
C. Plant - CORRECT ANSWER - Document type be assigned to
A. Company code
Cross company code documents generates
A. more than one accounting document
B. More than two accounting document
C. Two accounting documents
D. None of the statements is correct - CORRECT ANSWER - Cross company code
documents generates
C. two accounting documents
Which type of currency will R/3 always track when posting a document
, A. Local currency
B. Group currency
C. Transaction currency
D. Local and transaction currncy - CORRECT ANSWER - Which type of currency will
R/3 always track when posting a document?
D. Local and transaction currency
Which statement supports that a non-open item account can be changed to open item
A. It can be done if and only if
B. The account should have a zero balance
C. It can be done only if the account is line item managed
D. It cannot be done - CORRECT ANSWER - Which statement supports that a non-open
item account can be changed to open item
B. the account should have a zero balance
Can a non-Line item account be changed to line item
A. It can be done only if the account is open item managed
B. The account should have a zero balance
C. It can be done even though account has balance
D. It cannot be done - CORRECT ANSWER - Can a non-Line item account be changed to
line item
C. it can be done even though account has balance
Chart of accounts is at which level
A. Company code
B. Client level
C. Controlling area level
D. operating concern level - CORRECT ANSWER - Chart of accounts is at which level
B. Client level
Exam Questions and CORRECT Answers
Which statement supports the term "open item management"
A. Items in accounts with open item management can only be indicated as open and not cleared
B. Accounts with open item management must have line item display activated
C. Once open item management has been activated it cannot be cancelled
D. Open item management should be activated for bank accounts - CORRECT
ANSWER - Which statement supports the term "open item management"
B. Accounts with open item management must have line item display activated
Which of the following statements support the definition of account group
A. Determines in which number range the GL accounts number must reside
B. Number intervals for GL accounts master record must be the same as used for accounts
receivable and accounts payable
C. When creating a new GL account, the account group is an optional entry
D. The account group controls the appearance of the Chart of Accounts segment and Company
code segment of a GL account - CORRECT ANSWER - Which of the following
statements support the definition of account group
A. Determines in which number range the GL accounts number must reside
What is the maximum number of line items FI document can have
A. Two
B. 999
C. 1
D. 100 - CORRECT ANSWER - What is the maximum number of line items FI document
can have
B. 999
A period of a document is defaulted from
,A. Document Date
B. Document entry
C. Posting Date
D. Base line Date - CORRECT ANSWER - A period of a document is defaulted by
C. Posting Date
What is the maximum number of special periods a company can have?
A. Max 12
B. Max 4
C. Max 16 - CORRECT ANSWER - What is the maximum number of special periods a
company can have?
B. Max 4
Document type be assigned to
A. Company code
B. Client
C. Plant - CORRECT ANSWER - Document type be assigned to
A. Company code
Cross company code documents generates
A. more than one accounting document
B. More than two accounting document
C. Two accounting documents
D. None of the statements is correct - CORRECT ANSWER - Cross company code
documents generates
C. two accounting documents
Which type of currency will R/3 always track when posting a document
, A. Local currency
B. Group currency
C. Transaction currency
D. Local and transaction currncy - CORRECT ANSWER - Which type of currency will
R/3 always track when posting a document?
D. Local and transaction currency
Which statement supports that a non-open item account can be changed to open item
A. It can be done if and only if
B. The account should have a zero balance
C. It can be done only if the account is line item managed
D. It cannot be done - CORRECT ANSWER - Which statement supports that a non-open
item account can be changed to open item
B. the account should have a zero balance
Can a non-Line item account be changed to line item
A. It can be done only if the account is open item managed
B. The account should have a zero balance
C. It can be done even though account has balance
D. It cannot be done - CORRECT ANSWER - Can a non-Line item account be changed to
line item
C. it can be done even though account has balance
Chart of accounts is at which level
A. Company code
B. Client level
C. Controlling area level
D. operating concern level - CORRECT ANSWER - Chart of accounts is at which level
B. Client level
