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A legacy system cannot be a computer based system.
Correct
Incorrect

List the major drawbacks of a typical legacy system.
Usually well documented.
Written in language or platform prevalent at the time of development.
Centralized applications
Develop one application at a time.

SAP (AG) was founded in the year...
1978
1976
1972
1968

List the components of mySAP Business Suite
mySAP CRM
mySAP SRM
mySAP BI
mySAP PLC
mySAP ERP

State which of them are correct
A drawings account is a personal account
An asset when increases it is debited
The essence of conservative priciple is to anticipate no losses and book all profits
If the business has a capital of Rs. 50000 liablities of Rs 30000 but have incurred a loss of Rs 10000, then their assets would be Rs 70000

State which of them are not true
In a seller's book the trading discount on the sale of the product would not be debited
In double entry book keeping system every business transaction would affect atleast two sides of the same account
When you sell goods on credit, the system will debit a vendors account.
A nominal account type would not contain all the customers and creditors.

Monetary measurement in accounting process comes after recording the transaction.
Not True
Not False

In a financial accounting system every transaction or event impacts at least two different accounts, on the same side.
Correct
Incorrect

All business transactions may not be relevant to accounting.
Correct
Incorrect

ABAP stands for:
Advanced Blueprinting and Printing
Advanced Business Adabtibilty Program
Advanced Business Application Programming
Active Business Adaptibilty Program

Which amoung these is not a sub-module of FI
Controlling
Travel Management
Real Estate
Project System
Fund Management

The IM module helps in the management of the investments of an organization.
Incorrect
Correct

SAP first posts to G/L, and then to the sub ledgers
True
False

Different transaction data has to be entered in the system for the FI & CO module
True
False

All the reporting that is made mandatory by the law or the various accounting principle is known as:
Internal Reporting
External Reporting
Both of the above

The postings in the GL can only be manual
Correct
Incorrect

The AR doesnot records all the transactions that you do with your business partners from whom you buy something.
True
False

The individual accounts of the business partners are maintained in:
FIAP
FIGL
FIAA
FIAR

The reconciliation accounts is created in
FIAA
FIAR
FIGL
FIAP

The FIAA can hold the data about the current assets of an organization
True
False

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Authored by:

SAP FI Consultant - Trainer & Assistant Professor - Finance

Tests Created: 1

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Discussion

Tahir

Dear sir,

kindly create the test for every unit of SAP-FI (TFIN52_66).

Regards
Tahir

2249 days 14 hours 38 minutes ago

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