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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

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