Skip to main content

SAP FICO Certification Questions - 2

A general query by people who have experience in SAP.

  • Can I appear for SAP FICO certification examination without undergoing the training program ?

  • I have experience as end user of SAP, can I do SAP certification ?

The answer is available on SAP website on Examination Policies and Procedures.

  • Partners and customers may register suitably qualified employees as candidates for the certification examination.

  • Participants in training courses that are given by SAP or SAP's authorized training partners and that include the certification examination may attempt the certification examination. For all Academy tracks that contain Case Studies, full participation of the student is mandatory to qualify to take the certification exam.

13. Integration with MM: An asset purchase order is created in Purchasing. The goods receipt is posted on a value basis. Invoice verification then posts the invoice.
What is the name of the auxiliary account used for all of these transactions?(Single)
A. MM/FI clearing account.
B. GR/IR clearing account.
C. Asset purchasing clearing account.
D. Asset acquisition clearing account.
E. Vendor asset acquisition clearing account

14. What additional functions do asset classes offer?(Multi)
A. Specify required entry fields for asset master data
B. Enter default values for asset master data
C. Enter default values entries for depreciation area
D. Enter allowed entries for user fields
E. Define allowed company codes

15. Which of the following statements about manual depreciation (for example unplanned depreciation in FI-AA) area true?(Multi)
A. You cannot post manual depreciation in FI-AA.
B. Manual depreciation is posted immediately after entry(real time).
C. Manual depreciation is initially shown as a planned value after entry and only posted when the depreciation posting report is run.
D. Manual depreciation usually only applies to depreciation areas which you choose when you enter the document.
E. After entering manual depreciation in FI-AA., you also need to enter it manually in FI/CO.

16 .Which correspondence extracts all items in the chosen period from a customers account displays the balance carried forward balance and a closing balance of the Account ?(Single)
A. Payment advice
B. Payment notice
C. Account statement
D. Dunning notice

17. Which of the Following statements about automatic payment are correct ? (Multi)
A. In automatic payment procedures, all incoming invoices as of the second dunning level are paid automatically
B. Direct debiting or bank collection can be used in automatic payment procedures to clear customer invoices
C. Open items posted to G/L accounts can be cleared using the payment program
D. Special G/L transactions(down payment)can be posted using the payment program
E. The payment program can pay vendor invoices using wire transfers and checks

18. Imagine the following scenario:A company wants to execute a payment run on a daily basis and process several company codes at the same time. If the amount exceeds US$ 1000, the vendors are to be paid by bank transfer, amounts less than US$ 1000 are to be paid by check. The customer has two house banks and wants all checks to be processed by bank A and all (Multi)

A You store variants for print programs within customizing. Here you can specify that the information is to be output to a data carrier
B. You specify, per house bank, whether payments are to be made by check only or also by transfer
C. You specify the payment method from within the application,in the master record
D. The payment proposal of the automatic payment program can only be displayed
E. You can precisely schedule the print program from within the application

19. According to which criteria does the payment program determine and select open items (Single)
A. posting date and baseline date
B. document date and posting date
C. baseline date and payment terms
D. posting date and cash discount periods
E. posting date and payment terms

20. Which of the following statements are true with regard to the customizing setting for banks in the automatic payment run ? (Multi)
A. The sequence of the banks for processing outgoing payments is selected randomly
B. You can only determine one payment method per house bank
C. You can select several payment methods per country
D. You can specify by bank and method the anticipated number of days before the bank account is debited
E. You can determine the banks to be used for payments according to postal code

21. Which of the following factors does the systems take into account in a payment run ?(Multi)
A. Fiscal year variant
B. Payment method specifications in the IMG
C. Specifications in the vendor master records
D. Information in the documents(incoming invoices)
E. Specifications made when maintaining the payment run parameters

22. Which of the following statements are correct ?(Multi)
A. When creating a House bank, you do not need to specify the country.
B. The payments program can use a different House bank for each different payment method
C. A House bank account can be defined in more than one currency
D. House bank master data must be created in advance, before assigning the House bank to a payment method in the payment program
E. A house bank can be assigned to a business area within the payment program configuration

23. When entering a document using a foreign currency, which date is used to determine the exchange rate if the translation date is not entered ?(Single)
A. Posting date
B. Document date
C. Entry date
D. Baseline date

24. where are posting periods defined?(Multi)
A. Posting period variant.
B. Fiscal year variant.
C. Field status variant.
D. Closing period variant.

25. which of the following statements supports the reversal of a document?(Multi)
A. The original document contains no cleared line items.
B. Documents originating in other modules should be corrected there to allow the changes to flow naturally through to financial accounting.
C. If a reversal date is not specified, the system reverses the document using the posting date of the document to be reversed.
D. A new document number is created for the reversal document.

Please solve the certification questions. If any queries let me know.

Santosh Puthran

Do you like to be updated in Accountancy ?

Click here to get updates by Email in your inbox


Subscribe in a reader

or Follow me on Twitter

You may also like to read

  1. Best ERP Solution for Management Accounting

Yahoo! HotJobs - Job Posting(s)


Popular posts from this blog

Poll : Does CIMA, UK qualification add value

Poll : Does pursuing CIMA, UK qualification add value to a member of ICWAI, India ? Vote on the poll and share your thoughts by commenting the blog. Poll: Vote here I feel that if you are a member of ICWAI and you pursue CIMA, UK qualification, you are not adding any value to your skills since you will be learning the same. Once you are qualified, you are still a Cost & Management Accountant but from UK. For an employer, I would still have same skills and training on Management Accounting. However if you pursue qualification like Company Secretary or CPA or ACCA , your skills are enhanced with the knowledge gained during training and passing of exams. After qualification, you are bound to follow the CPD programs of ICWAI and other institute. In competitive world, employer look for people with multiple skills. Which one promotes you as professional better against your name: AICWA, ACMA or AICWA, ACS or AICWA, CPA or AICWA, ACCA Widgets Regards, Santosh

Learning Curve Theory

Learning Curve Theory is concerned with the idea that when a new job, process or activity commences for the first time it is likely that the workforce involved will not achieve maximum efficiency immediately. Repetition of the task is likely to make the people more confident and knowledgeable and will eventually result in a more efficient and rapid operation. Eventually the learning process will stop after continually repeating the job. As a consequence the time to complete a task will initially decline and then stabilise once efficient working is achieved. The cumulative average time per unit is assumed to decrease by a constant percentage every time that output doubles. Cumulative average time refers to the average time per unit for all units produced so far, from and including the first one made. Major areas within management accounting where learning curve theory is likely to have consequences and suggest potential limitations of this theory. Areas of consequence: A Standard

Resistence to Change - Approaches of Kotter and Schlesinger

The Six (6) Change Approaches of Kotter and Schlesinger is a model to prevent, decrease or minimize resistance to change in organizations. According to Kotter and Schlesinger (1979), there are four reasons that certain people are resisting change : Parochial self-interest (some people are concerned with the implication of the change for themselves ad how it may effect their own interests, rather than considering the effects for the success of the business) Misunderstanding (communication problems; inadequate information) Low tolerance to change (certain people are very keen on security and stability in their work) Different assessments of the situation (some employees may disagree on the reasons for the change and on the advantages and disadvantages of the change process) Kotter and Schlesinger set out the following six (6) change approaches to deal with this resistance to cha