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SAP Certified Solution Consultant Financials - Financial Accounting with SAP ERP 2005 Sample Questions:

1. Account balance interest calculation is applied to the entire balance of GL only

A) false
B) true

2. A correspondence type. (Choose Four)

A) You can use the standard correspondence types.
B) Represent type of form in the letter in the SAP R/3 system.
C) Can be user define.
D) Special program needs to be created to create a new correspondence type
E) You need to create a correspondence type for each type of letter you need

3. Which of the following statements about financial reporting are correct?

A) A financial statement version cannot include more than one company code, unless you are using FI-LC
B) You can obtain a summarized financial statement for any hierarchy level defined in the financial statement version
C) A financial statement version displays either a balance sheet or a profit and lost statement, not both.
D) When displaying a financial statement, the system can automatically calculate the profit and loss statement result.
E) The system can translate a financial statement into any currency for reporting purposes.

4. Functional area can be derived from: (Choose Three)

A) Transaction Data of CO document
B) Master Record of Balance Sheet Account
C) Manual entry
D) Substitution
E) Master Record of the P&L Account
F) Validation

5. We can periodically generate an extract for accumulated balance audit trail periodically and extract the balance list from here. Once a year, the cumulative content of this balance audit trail can then be optically archived or printed.

A) False
B) True

Solutions: