Q.1 Revaluation of materials based on actual costs’ process is handled by which module ?
A. Bank accounting
B. Product cost Accounting
C. General ledger
D. Receivables management
Ans : General ledger
Q.2 Which component is used for calcyulation of product related costs.
A. Product costing
B. Cost center accounting
C. profitability analysis
D. General ledger
Ans : profitability analysis
Q.3 Record to report process involves recording of _____________.
A. Sales orders
B. Manufacturing orders
C. Purchase orders
D. Financial trasnctions
Ans : Financial trasnctions
Q.4 Select the application which is used as system of records for fiancial transactions.
A. SAP ARIBA
B. SAP IBP
C. SAP Concur
D. SAP S/
Ans : SAP S/
Q.5 A ledger represents ________________.
A. Business unit
B. Company
C. Accounting principle
D. Product line
Ans : Accounting principle
Q.6 What is General Ledger Accounting ?
A. It refers to all financial transactions of an organization which includes assets, liabilities, revenue and expenses
B. It refers to the financial transactions of an organization which includes only revenue and expenses
C. It refers to financial transactions of an organization which includes assets and liabilities
Ans : It refers to all financial transactions of an organization which includes assets, liabilities, revenue and expenses
Q.7 State if it is mandatory to do the audit of financial and legal requirements
A. Optional
B. Mandatory
Ans : Mandatory
Q.8 Number range of a financial document is derived from _________________.
A. Company code
B. Document type
C. Posting key
D. Profit center
Ans : Company code
Q.9 Which trasnction code can be used to post a financial transaction.
A. FB51
B. FB52
C. FB53
D. FB50
Ans : FB50
Q.10 Select the typeof accounts which a chart of accounts can contain
1) Assets
2)Liabilities
3) Expense
4)Income
A. 2,3,4
B. 1,2,3
C. 1,2,3,4
D. None
Ans : 1,2,3,4
Q.11 Select the master data which can be grouped
1)GL account
2) Cost center
3) Profit center
4) Internal order
A. 2,3,4
B. 1,2,3
C. 1,2,3,4
D. None
Ans : 1,2,3,4
Q.12 State if the statement is true or false ‘entry date in a finanical document can be modified’
A. True
B. False
Ans : True
Q.13 State if the statement is true or false ‘material master is always maintained by finance team’
A. True
B. False
Ans : True
Q.14 Select the components which is not related to record to report process
A. Logistics execution
B. profitability analysis
C. Bank accounting
D. General ledger
Ans : Bank accounting
Q.15 Company code is assigned to ______________.
A. Controlling Area
B. Profit Center
C. Storage Location
D. Plant
Ans : Plant
Q.16 Select the processes which are carried out on periodic basis
1) Advertisement expense
2)Sales revenue posting
3)Consolidation
4)Foreign currency valuation
A. 1,3
B. 3,4
C. 1,2
D. 2,4
Ans : 3,4
Q.17 Select a transaction which is not managed in asset accounting
1) Assest acquisition
2) vendor payments
3) customer invoices
A. 1,3
B. 2,3
C. 1,2
D. 1,2,3
Ans : 2,3
Q.18 State if the statement is true or false ‘IFRS is a set of rules which needs to be followed while reporting financial data’.
A. True
B. False
Ans : True
Q.19 Select two components ofoverhead accounting
1) General ledger
2) Cost center accounting
3) Internal order accounting
4) Bank accounting
A. 2,4
B. 2,3
C. 1,2,3
D. 2,1
Ans : 1,2,3
Q.20 Posting key depicts_____________ in SAP S/
1) Debit indicator 2) Credit indicator
3) loss
4) Profit
A. 2,4
B. 1,2
C. 1,3
D. 1,4
Ans : 1,2
