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

1. The asset history sheet is a very important and comprehensive year end report or intermediate report

A) True
B) False

2. For those depreciation areas that post depreciation the general ledger, you must assign the following additional G/L accounts: (Choose Three)

A) For unplanned depreciation ( accumulated depreciation accounts .expense accounts & revenue accounts for a write-up)
B) None of the above
C) For ordinary depreciation (accumulated depreciation accounts .expense accounts & revenue accounts for a write-up)
D) For revaluations of depreciation and for interest

3. Which of the following is true according to the posting periods?

A) The posting periods for your company are defined by the posting period variant
B) The system uses the posting date that you specify during document entry to determine to which posting period the document is posted.

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

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

5. CORRECT TEXT
Report-------------valuates open items in foreign currency as well as foreign currency balance sheet accounts

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