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SAP Certified Application Associate - Financials with SAP Business All-in-One Solution Sample Questions:

1. What input is mandatory when setting up the payment program parameters? (Choose three)

A) Posting date
B) Payment method(s)
C) Payment terms
D) House bank
E) Company code

2. A customer implements SAP Financials with multiple company codes.
They want to manage credit limits for each customer across all company codes collectively.
Which master data setup allows this?

A) Create a credit control area for each company code and assign individual limits to each customer at company code level.
B) Create a credit control area for each company code and assign a total limit for customers across all company codes.
C) Create a single credit control area and assign a total limit for all customers across all company codes.
D) Create a single credit control area and assign individual limits to each customer at company code level.

3. A customer wants to create their profit and loss statement according to the cost of sales principle.
What master data supports this requirement?

A) Cost centre
B) Segment
C) Profit centre
D) General ledger account

4. An organization is implementing SAP ERP and several company codes have been defined.
The requirement for those company codes is to have a common cost center hierarchy for consolidated cost reporting.
What needs to be set as the "first" prerequisite to meet this requirement?

A) All the companies should have the same chart of accounts.
B) All the company codes should be assigned to one group of companies.
C) All the company codes should have the same currency and fiscal year variant.
D) All the company codes should be assigned to one controlling area.

5. The real world enterprise structure needs to be mapped to SAP applications using organizational units in order to represent the enterprise structure for legal or business-related purposes.
Which of the following descriptions would help you fulfill this mapping? (Choose two)

A) Materials can only be sold in one sales organization.
B) Legal entities are represented as company codes.
C) The cost center is the central organizational unit of Financial Accounting.
D) The highest level organizational unit in SAP ERP is the client.

Solutions: