Cyberthink SAP Fico Online Test

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Quizzes Created: 10 | Total Attempts: 41,789
Questions: 20 | Attempts: 2,312

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Cyberthink Quizzes & Trivia

Questions and Answers
  • 1. 

    A chart of accounts

    • A.

      Can be allocated to multiple company code

    • B.

      Can be defined as the group chart of accounts

    • C.

      Only contains definitions for G/L accounts

    • D.

      All the above

    Correct Answer
    D. All the above
    Explanation
    The correct answer is "All the above." This means that all of the statements mentioned in the options are true. A chart of accounts can be allocated to multiple company codes, it can be defined as the group chart of accounts, and it only contains definitions for G/L accounts.

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  • 2. 

    A client.

    • A.

      May only contain a single chart of accounts

    • B.

      May contain multiple charts of accounts

    • C.

      May only use one currency type

    • D.

      May only have one controlling area

    Correct Answer
    D. May only have one controlling area
    Explanation
    A client may only have one controlling area because controlling area is an organizational unit in SAP that represents a self-contained area of responsibility for cost accounting purposes. Having multiple controlling areas within a client could lead to overlapping responsibilities and confusion in cost allocation and reporting. Therefore, to ensure clear and efficient cost management, a client is limited to having only one controlling area.

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  • 3. 

    Identify the correct statement(s) relating to how the main business processes are integrated in the SAP R/3 System. ( Multi Choice)

    • A.

      A purchase requisition is a documented request to purchase goods or services. In SAP it can be created manually or automatically. A purchase requisition is a documented request to purchase goods or services. In SAP it can be created manually or automatically.

    • B.

      A goods receipt is the recording of the movement of materials into the warehouse. In SAP, a financial document which updates the inventory account and an accrued liability account is created

    • C.

      The Invoice receipt and verification process compares the vendor invoice with the purchase order and goods receipt. However, the corresponding financial transaction must be entered through the financial module of R/3.

    • D.

      In SAP, payment processing reduces the liability to a vendor and a company¡¯s cash balance, records discounts taken and disburses payment.

    • E.

      All the above goods. A customer delivery includes, creation of a delivery document, picking the goods for shipment; physically transferring the goods to the customer and financially recording the goods issue.

    Correct Answer
    E. All the above goods. A customer delivery includes, creation of a delivery document, picking the goods for shipment; physically transferring the goods to the customer and financially recording the goods issue.
    Explanation
    The correct answer is "All the above." This means that all of the statements mentioned in the question are correct in relation to how the main business processes are integrated in the SAP R/3 System. These statements include the creation of purchase requisitions, goods receipt process, invoice receipt and verification process, payment processing, and customer delivery process. Each of these processes is important in the overall integration of business processes within the SAP R/3 System.

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  • 4. 

    Which of the following statements is true ?

    • A.

      A Company code can belong to more than one controlling area.

    • B.

      A plant must be allocated to a company code

    • C.

      . A business area and a company code are assigned to each other

    • D.

      None

    Correct Answer
    A. A Company code can belong to more than one controlling area.
    Explanation
    A company code can belong to more than one controlling area means that a single company code can be assigned to multiple controlling areas in SAP. This allows for more flexibility in financial reporting and controlling within an organization.

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  • 5. 

    What characteristics do roles have in the Workplace? ( Multi Choice)

    • A.

      Roles describe business processes in a company

    • B.

      Roles contain a collection of activities that a user who is assigned to this role can execute

    • C.

      Roles represent a range of executable functions in a company that users can assign themselves to

    • D.

      The authorizations required to execute the assigned functions are automatically linked to roles

    Correct Answer
    B. Roles contain a collection of activities that a user who is assigned to this role can execute
    Explanation
    Roles in the workplace typically refer to a collection of activities that a user assigned to that role can perform. This means that individuals in specific roles have certain responsibilities and tasks that they are authorized to carry out. The other options in the question do not accurately describe the characteristics of roles in the workplace.

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  • 6. 

    What steps have to be completed before you can generate asset classes form G/L accounts? (Multiple)

    • A.

      Account selection

    • B.

      Account determinations

    • C.

      Number range intervals

    • D.

      All the above

    Correct Answer
    D. All the above
    Explanation
    Before generating asset classes from G/L accounts, several steps need to be completed. These steps include account selection, account determinations, and number range intervals. All of these steps are necessary to ensure that the correct G/L accounts are chosen and that the asset classes are generated accurately.

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  • 7. 

    The time of the first acquisition posting to the asset sets the following fields in the master of asset(Multiple)

    • A.

      The depreciation start date per depreciation area

    • B.

      The cost enter to be hit through depreciation

    • C.

      The date of capitalization

    • D.

      The depreciation key

    Correct Answer
    C. The date of capitalization
    Explanation
    The date of capitalization is set by the time of the first acquisition posting to the asset. This means that when the asset is first acquired, the date of capitalization is recorded in the master of asset. This date is important because it marks the start of the asset's useful life and is used for calculating depreciation expenses.

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  • 8. 

    Usually one Chart of Depreciation is defined for each country. At which level is the chart of Depreciation created?(Single)

    • A.

      At Company Code level

    • B.

      At Client level.

    • C.

      At Chart of accounts level.

    • D.

      At Business area level.

    Correct Answer
    A. At Company Code level
    Explanation
    The chart of depreciation is created at the company code level. This means that each company code within an organization can have its own chart of depreciation, tailored to its specific requirements. The chart of depreciation defines the various depreciation areas and the corresponding depreciation keys that are used to calculate depreciation for assets within the company code.

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  • 9. 

    What are the functions asset class?(Multiple)

    • A.

      Asset number assignment.

    • B.

      Cost Center determination.

    • C.

      Screen layout

    • D.

      Account allocation

    • E.

      All the above

    Correct Answer
    E. All the above
    Explanation
    The functions of an asset class include asset number assignment, cost center determination, screen layout, and account allocation. All of these functions are important in managing and organizing assets within a company. Asset number assignment helps in uniquely identifying and tracking individual assets. Cost center determination allows for proper allocation of costs related to the assets. Screen layout refers to the arrangement and display of asset-related information in the system. Account allocation ensures that financial transactions related to assets are recorded accurately. Therefore, all of the above options are correct functions of an asset class.

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  • 10. 

    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¡¦ (Multiple)

    • 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.

      The payment proposal of the automatic payment program can

    • 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 None

    Correct Answer
    C. You specify the payment method from within the application,in the master record
    Explanation
    The correct answer is "You specify the payment method from within the application, in the master record." This means that within the company's payment application, the payment method can be specified for each vendor in their master record. This allows the company to determine whether the vendor should be paid by bank transfer or by check based on the amount of the payment.

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  • 11. 

    According th 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

    Correct Answer
    C. Baseline date and payment terms
    Explanation
    The payment program determines and selects open items based on the baseline date and payment terms. The baseline date is the date on which the payment program checks if an open item is due for payment, while the payment terms specify the terms and conditions for payment, such as the due date and any applicable discounts. By considering both the baseline date and payment terms, the payment program can accurately determine which open items should be selected for payment.

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  • 12. 

    Which of the following factors does the systems take into account in a payment run ?(Multiple)

    • A.

      Fiscal year variant

    • B.

      Payment method specifications in the IMG

    • C.

      Specifications in the vendor master records

    • D.

      All the above

    Correct Answer
    D. All the above
    Explanation
    The systems take into account all of the factors mentioned in the question - fiscal year variant, payment method specifications in the IMG, and specifications in the vendor master records. These factors are important in determining how the payment run is processed and which vendors are included.

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  • 13. 

    Which of the following statements are correct ?(Multiple)

    • 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.

      Both

    • D.

      None of thease

    Correct Answer
    B. The payments program can use a different House bank for each different payment method
    Explanation
    The correct answer is that the payments program can use a different House bank for each different payment method. This means that when making payments, different payment methods can be associated with different House banks. This allows for flexibility and customization in managing payments based on the specific requirements of each payment method.

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  • 14. 

    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

    Correct Answer
    A. Posting date
    Explanation
    The posting date is used to determine the exchange rate when entering a document using a foreign currency if the translation date is not entered. The posting date is the date on which the transaction is recorded in the accounting system. It is important to use the correct exchange rate to accurately reflect the value of the transaction in the foreign currency.

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  • 15. 

    Where are posting periods defined?(

    • A.

      Posting period variant.

    • B.

      Fiscal year variant.

    • C.

      Field status variant.

    • D.

      Closing period variant.

    Correct Answer
    A. Posting period variant.
    Explanation
    Posting periods are defined in the posting period variant. This variant allows organizations to define specific periods for posting transactions in their financial system. It determines the start and end dates for each period, allowing for control and monitoring of financial activities. The posting period variant is essential for ensuring accurate and timely recording of transactions within the defined periods.

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  • 16. 

    Which of the following statements about creating customer master records are correct?  

    • A.

      An account group always gets assigned to a customer.

    • B.

      Information on each screen may be defined in configuration as mandatory, suppressed or optional, depending upon the company code

    • C.

      Both

    • D.

      None of these

    Correct Answer
    A. An account group always gets assigned to a customer.
    Explanation
    When creating customer master records, an account group is always assigned to a customer. This ensures that the customer is categorized correctly and relevant data can be maintained. Additionally, the information displayed on each screen can be defined as mandatory, suppressed, or optional based on the configuration settings for the specific company code.

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  • 17. 

    Which of the following statements are correct?

    • A.

      . A customer master is divided by client level and company code level.

    • B.

      In case of one-time customer you have to enter the customers address in the document itself.

    • C.

      The most efficient way to create master records is to work with the external number range not internal number range.

    • D.

      All

    Correct Answer
    A. . A customer master is divided by client level and company code level.
    Explanation
    A customer master is divided by client level and company code level. This means that the customer master data is organized and managed at both the client level and the company code level. This allows for better control and segmentation of customer data based on specific client and company requirements.

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  • 18. 

    Which of the following statements are correct?

    • A.

      If a customer is also a vendor, the system can include outstanding Accounts Receivable invoice items in payment program.

    • B.

      If a customer is also a vendor, the system can include outstanding Accounts Payable invoice items when you clear incoming payment receipts for the customer

    • C.

      The reconciliation account defined on the customer master record is an account used to reconcile CO transactions back to FI.

    • D.

      All the above

    Correct Answer
    D. All the above
    Explanation
    The correct answer is "All the above". This means that all of the given statements are correct. The system can include outstanding Accounts Receivable invoice items in the payment program if a customer is also a vendor. It can also include outstanding Accounts Payable invoice items when clearing incoming payment receipts for the customer. Additionally, the reconciliation account defined on the customer master record is used to reconcile CO transactions back to FI.

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  • 19. 

    Bulk change of line item - this function allows you to change a whole group of line items simultaneously, instead of having to change individual items in the documents. What data can you change using this function?

    • A.

      The reconciliation account

    • B.

      The company code

    • C.

      Both

    • D.

      None of these

    Correct Answer
    A. The reconciliation account
    Explanation
    The bulk change of line item function allows you to change a whole group of line items simultaneously. The reconciliation account is a type of data that can be changed using this function. Therefore, the correct answer is "The reconciliation account."

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  • 20. 

    Which of the following statements are true with regard to the customizing setting for banks in the automatic payment run

    • 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.

      Both

    • D.

      None of these

    Correct Answer
    B. You can only determine one payment method per house bank
    Explanation
    In the customizing setting for banks in the automatic payment run, it is true that you can only determine one payment method per house bank. This means that for each house bank, you can only specify a single payment method to be used for outgoing payments. This allows for better organization and control over the payment processes within the system.

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