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| Section | Objectives |
|---|---|
| General Ledger Accounting (FI-GL) | - Posting and document control
|
| Accounts Payable (FI-AP) | - Invoice and payment processing
|
| Closing Operations and Reporting | - Financial reporting
|
| Accounts Receivable (FI-AR) | - Customer master data
|
| Asset Accounting (FI-AA) | - Depreciation and reporting
|
1. What controls the fiscal year variant? (Choose two)
A) The number of periods (up to 52 posting periods and special periods)
B) The open periods (a period interval for closing and another one for day-to-day business)
C) The number of special periods available in addition to the normal periods
D) The number of periods (up to 16 posting periods and special periods)
2. Which of the following describe characteristics of master data? (Choose two)
A) It is used on a long-term basis for multiple business processes.
B) It must be assigned on client level.
C) It is typically assigned to organizational levels.
D) It cannot be changed after creation.
E) It is a template for transactional data.
3. What is mandatory in order to make G/L accounts ready for postings?
A) A chart of account segment and at least one company code segment
B) A chart of account segment and at least one cost element
C) A chart of account segment and at least one functional area
D) A company code segment and at least one cost element
4. Which of the following factors determines field status for vendors?
A) Transaction, chart of accounts, and company code
B) Account group, transaction, and chart of accounts
C) Account group, transaction, and company code
D) Account group, chart of accounts, and company code
5. Which activity will have an impact on the net book value of an asset?
A) Changing the assigned WBS element
B) Changing the account determination
C) Changing the useful life of the asset
D) Changing the assigned cost center
Solutions:
| Question # 1 Answer: C,D | Question # 2 Answer: A,C | Question # 3 Answer: A | Question # 4 Answer: C | Question # 5 Answer: C |
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