SAP FINANCIALS

SAP FI TFIN52 Part 1 & 2 By Pramila NagarajSAP Certified Candidate @ Source One Management Services Pvt. Ltd Bangalore 2014 Copy Rights Source One Management Services Pvt. Ltd Bangalore

24/12/2014

Enhancement Package and Older Version - New GL Accounting Competitive Questions with Answers1. Customizing PathsA. New GL paths are added to existing customizing pathsB. Classic Paths are replaced by new pathsC. Running Program RFAGL_SWAP_IMG_OLD Hides Classic PathsD. Few Classic functions can no longer be executed

2. General Break Down of Actual business process and that is assigned a wide variety of item categories isA. Business TransactionsB. Splitting RuleC. Business Transaction VariantD. Item Category

3. Deriving a SegmentA. Segment is assigned in the master data of a profit centerB. Customers cannot develop their own derivation solutionsC. Derivation solutions can be developed through a User Exit (BADI)D. Postings are automatically made to the segment when profit center is posted toE. Segment field is a standard field in totals table for New GLAns: A, C, D, E

4. New GL Accounting is obligatory for new as well as existing customers TrueFalse

5. If Scenario Segmentation is not defined for the ledger the segment is only visible in the entry view TrueFalse

6. Typical Document Splitting CharacteristicsA. User Defined EntriesB. Profit CenterC. Business AreaD. Segment

7. Scenario Definition and AssignmentA. A ledger can be assigned even all six scenarios at onceB. You need a ledger for each scenarioC. Scenarios are assigned to ledgersD. You have no necessary for non leading ledgersE. If corresponding scenarios are not assigned no entities are inherited to GL AccountingF. A ledger can be assigned to one or more scenariosAns: A, C, E, F8. Specific version of predefined business transaction and technical modeling of a real business process for document splitting isA. Splitting RuleB. Business Transaction VariantC. Business TransactionD. Item Category

9. Multiple/Non Leading Ledgers are useful for portraying accounting in accordance with different accounting principle TrueFalse

10. You can define your own scenarios TrueFalse

11. Totals Table FAGLFLEXT

A. Can be extended with additional fieldsB. Updates same entities as GLT0C. Extending Account Assignment block locks out all other transactionsD. Makes Primary standard extension of data structure visible immediately

12. Leading Ledger A. Uses Fiscal Year Variant assigned to company codeB. Uses Posting Period Variant assigned to company codeC. Manages only currencies assigned to company codeD. Values from Leading Ledger are posted to CO in Standard SystemE. Exactly one Leading Ledger per company codeAns: A, B, D, E

13. New GL Accounting A. Time Consuming Reconciliation tasks are obsoleteB. Real time document splittingC. Real Time IntegrationD. Periodic Reconciliation of CO and FIE. Extended Data Structure in Standard DeliveryF. Customer Fields cannot be added to GLG. Management of multiple ledgers within GL AccountingAns:- A, B, C, E, G14. SAP Provides Leading Ledger 01 and Totals Table FAGLFLEXT with standard system True False

15. Activation Indication is set for each client TrueFalse

16. When New GL Accounting is active a Financial Accounting Document always has two views TrueFalse

17. Segment can now be derived from Profit Center TrueFalse

18. Document Splitting has Three Steps and they areA. Passive SplitB. Active (Rule Based) SplitC. Clearing Lines/Zero Balance FormationD. All of the aboveAns: D

19. Due to New Features Data entering interfaces are essentially different in new releases TrueFalse

20. For New installations New GL Accounting is active by default in mySAP ERP TrueFalse

21. Reasons for Error Message

A. Inheritance of the segment is not possible because it is not uniqueB. No base item category is assigned for item category

22. Management of Multiple Ledgers within GL Accounting is one of the possible ways for portraying Parallel Accounting TrueFalse

23. InheritanceA. If not rules for projection of account assignments have to be definedB. Is performed online and at line item levelC. Is practically first step to enable documents to be posted when document splitting is active

24. Non Leading ledgers can be assigned currencies or fiscal year variants from different leading ledgers TrueFalse

25. If you select to use additional document splitting characteristics you should use these characteristics in at least in one ledger TrueFalse

26. Activation of New GL AccountingA. Makes several new nodes availableB. Is performed at the start of the course and in practiceC. Results in system wide changes to application and customizing pathsD. Is done by using a customizing transaction

27. Zero Balance IndicatorA. Ensures balance of involved entities is zero for every postingB. Should always be set if you plan to use characteristics to create financial statements

28. To add customer fields to FAGLFLEXT they have to be added to account assignment block TrueFalse

29. The Total table of New General Ledger Accounting updates more entities than was possible in the Classic Total tables. For example Cost Centers, Profit Centers, Segments TrueFalse

30. Passive SplitA. Ensures accounts itself is balanced as well as additional dimensionsB. Account Assignment are inheritedC. The step needs to be customized

31. Mandatory field in Document SplittingA. Is an extension of Field status for account that cannot be controlled using field statusB. Is an extension of Field status for accounts in which characteristics cannot be entered during document entryC. Is a check as to whether a business process equivalent business transactions variant was selected

32. Simulating GL ViewA. Expert mode gives a view of detailed data of document splittingB. Facilitates Analysis of an error early that would lead to a terminationC. Allows simulation of entry view as well as GL view after postingD. Allows simulation of entry view as well as GL view before posting

33. Item Category A. Describes items that appear within a document (business transaction)B. Is the semantic description for the document splitC. Is a Technical Map of posted line itemsD. Are derived from, among other things account types of GL Accounts

34. New GL contains functions that combine classic GL with special purpose ledger component TrueFalse

35. What provides information on all essential document splitting parameters (such as splitting method or business transaction) and describes how split amounts are achievedA. Simulating General Ledger ViewB. Choosing Printer IconC. Expert Mode

36. Assumptions for Document SplittingA. Process of Document entry should be changedB. User wants to enter vendor onceC. Document splitting is only relevant for GL, it does not need to be visible from within sub ledgersD. Operative Process must not be distributed

37. What defines which fields are updated in Ledger (in GL View) during a postingA. Leading LedgerB. Account Assignment BlockC. Non Leading LedgerD. Scenario

38. To use a default account assignment you have to first define a constant TrueFalse

39. CO object is used to derive profit center and functional area TrueFalse

40. In addition to leading ledger, you can also define other non leading ledgers, The non leading ledgers can then be assigned currencies or fiscal year variants that differ from the leading ledger TrueFalse

41. Total of all Splitting Rules of all Business Transaction isA. Passive SplitB. Rule Based SplitC. Business Transaction VariantD. Splitting Method

42. Clearing lines are always formed when values have to be reposted between account assignment objects TrueFalse

43. In mySAP ERP Customers have to install and operate many different components to meet specific requirements TrueFalse

44. New FI Drill Down reporting functions let you to create segment financial statements TrueFalse

45. Possibilities with New GLA. Real Time Integration CO => FIB. Segment ReportingC. Transparency and ConsistencyD. Standard Enhancement and ExtensibilityE. Simple Representation of Parallel AccountingF. Financial Reporting using any CharacteristicsG. Accelerated Period End ClosingH. Legal and Management Reporting

46. Account assignment objects in revenue line item are inherited to customer and tax items in the invoice. You can see this in GL view of Document display TrueFalse

47. System Proposes logical document splitting characteristics based on assigned scenarios TrueFalse

48. To modify a rule, create your own splitting method and copy assigned rules from standard configuration TrueFalse

49. Entities are inherited to GL even if no corresponding scenarios are assigned TrueFalse

50. Leading Ledger gets many of its control parameters from the company codes, specificallyA. Leading ledger manages the additional local currencies that are assigned to company codeB. There are many Leading LedgersC. Leading Ledgers uses fiscal year and posting period variant that is assigned to the company codeD. Only the values from the leading ledger are posted to CO in the standard systemAns: A, C, D51. Individual Splitting rule defines which item categories can be or will be split and at the same time defines which base can be used TrueFalse

52. In New GL, how would you incorporate companies with different fiscal years if you wanted to assign them to the same controlling area?Please choose the correct answer.A. Use the same fiscal year variant for all company codes and do a reversible close for the company codes that have different fiscal years.B. Use the same fiscal year variant for all company codes and set up parallel accounting for company codes that have different fiscal years.C. Create company codes with different fiscal year variants and assign them to the same group company for reporting purposes.D. Create company codes with the same fiscal year variant and assign the company codes that have a different fiscal year to non-leading ledgers with the appropriate fiscal year variant.

Declaration: This is totally based on Practical Hands on Exercise given by my Trainer during SAP FI Training Only for Practice Purpose before appearing for SAP Certification Exam. It may vary in Real Examination conducted by SAP AG. This can be useful for cracking SAP FI Interviews.

Enhancement Package and Older Version - New GL Accounting Competitive Questions with Answers 1. Name the possibilities with New GL accounting

A. Legal & Management Reporting B. CO- FI Real time Integration C. Segment Reporting D. Transparency and consistency E. Accelerated Period closing F. Parallel Accounting G. Financial Reporting using any characteristics H. Standard Enhancement and Extensibility

2. Segmental reporting is done for the purpose of increasing importance of

A. IAS B. IFRS

3. Advantages of New GL accounting over classic GL accounting

A. New GL has an extended data structure in the standard delivery and customer fields can also be added to the General ledger B. With document splitting balance sheet can be prepared for the entities like Segments C. Manage Multiple ledgers within the GL accounting (Parallel accounting)D. Real Time Integration between FI-CO

4. Name the Functions of Classic ledger accounting

A. FI classic ledger B. Cost of sales ledger C. Reconciliation ledger D. EC-PCA Classic profit center (Management) Reporting.

5. New GL accounting is the combination of Classic ledger accounting and Special Purpose ledger accounting

True

False

6. No difference in the interfaces for entering the data and making possible postings between the SAP New GL accounting and the previous Versions.

True

False

7. Course overview of New GL accounting

A. Introduction B. Ledger Definition C. Document Splitting D. Integration E. Parallel Accounting F. Reporting G. Migration

8. For new Installations New Ledger accounting is Active by default in MySAP ERP.

True

False

9. After the Release Upgrade to mySAP ERP Classic ledger accounting will still remain in Active first

True

False

10. New ledger accounting needs to be activated first using the Transaction FAGL_ACTIVATION for the existing customer

True

False

11. Activation of New GL accounting is the last activity performed during the migration Project

True False

12. New GL Accounting is activated for each A. Client B. Co-Code C. Business Area D. All the Options

13. After the Activation of New GL accounting the classic Gl accounting paths will be over written.

True

False

14. The Classic ledger accounting path is hidden by the following programs

A. RFAGL_SWAP_IMG_OLD B. SAP_SWAP_IMG_NEW C. SAP_SWAP_IMG_OLD D. All the Options.

15. Several new paths are available with the activation of New GL accounting both in SAP Easy Access Menu and Application

True

False

16. In standard SAP Ledger definition is a combination of Leading ledger (0L) and Totals table FAGLFLEXT.

True

False

17. Leading ledger manages additional local currencies that are assigned to the co-code.

True

False

18. Maximum additional local currencies managed by leading ledger in New GL accounting.

A. 2 B. 3 C. N D. 5

19. The Leading ledger uses the fiscal year /Posting period variant assigned to the co-code.

True

False

20. No of leading ledgers is New GL accounting

A. 1 B. 2 C. 3 D. 4

21. In standard system values from leading ledger are posted to

A. FI B. CO C. FI & CO D. None

22. The leading ledgers Inherits many of the parameter controls from

A. Co-Code B. Client C. Chart of Depreciation D. Controlling Area E. Operating Concern.

23. We assign Fiscal year variant and the variant of posting period to the leading ledger

True

False

24. In addition to the leading ledger we can define non-leading ledgers for parallel accounting purpose.

True

False

25. Number of Currencies / Fiscal year variants assigned to Non-leading ledger. A. 3 B. 4 C. 5 D. N

26. Totals table New ledger accounting (FAGLFLEXT) updated more entities than the classic ledger table (GLT0)

True

False

27. Examples of new standard fields in New GL accounting

A. Cost Center B. Business Area C. Profit Center D. Segment

28. Account assignment block is required for any field to be added to the totals table

True

False

29. Fields that are updated in the Leading ledger during transaction posting. A. Sender / Receiver Cost Centers B. Consolidation Transaction Type / Partner fields C. Sender / Receiver Profit center D. Sender / Receiver Business Areas.

30. Fields that are updated in the Non-leading ledger during the transaction posting.

A. Receiver / sender BA's B. Profit center and partner PC fields C. Segment, Partner segment fields D. Sender / Receiver functional area fields

31. Number of standard Scenarios available in SAP A. 4 B. 5 C. 6 D. 7

32. We can define our own Scenarios

True

False

33. Scenarios are used for segmental reporting purpose

True

False

34. Maximum number of scenarios assigned to a ledger A. 6 B. 1 C. 5 D. 3

35. We need to assign Scenarios to Non-ledgers

True

False

36. Name the views that are available in new GL accounting A. Entry view B. GL view C. Posting view D. Document view.

37. Entry view is a sub-ledger view

True

False

38. CO objects that is used to derive the Profit center and Functional area. A. Cost center B. Internal Order C. Activity type D. Segment

39. Segment is derived from A. Profit center B. Cost center C. Functional area D. Internal order

40. Entities are not inherited to Leading / Non- leading ledgers if scenarios are not assigned to them and segment balance sheet is not possible

True

False

41. Name the entity used to meet the requirements of International accounting principle like..IAS. IFRS &US GAAP. A. Segment B. Profit center C. Cost center D. Functional Area E. Business Area.

42. The Alternate entity used for International reporting other than A. SegmentB. Business Area C. Profit center D. Functional area E. Cost center

43. Segment is assigned to

A. Master data of Profit center B. Master data of Cost Center C. Master data of Business area D. Master data of Functional area

44. Dummy concept exists for the

A. Profit center B. Cost center C. Segment D. All the options

45. SAP ERP central component 5.0 and later is used for creating "segmental financial statement".

True

False

46. Document splitting is only relevant to

A. General ledger B. AR C. AP D. AA

47. Steps involved in Document splitting

A. Passive Split B. Active Split C. Clearing lines / Zero balance formation by balancing character. D. None of them.

48. Tick the correct one for Passive split

A. Account assignment is inherited to the clearing line items (Payment). B. Cannot be customizedC. Account assignment is not inherited to the payment line items. D. Can be customized

49. Tick the correct options for Active split (Rule based).

A. Systems splits the document based on the splitting rules B. Document splitting rules can be configured C. System does not splits the document based on the splitting rules D. Document splitting rules cannot be configured.

50. Tick the correct statement for Clearing lines in document splitting.

A. Clearing lines are created automatically to achieve the split. B. Clearing lines are not created automatically to achieve the split. C. This is controlled by Zero balance indicator, D. All the Options

51. Tick the correct statement for passive split in document splitting.

A. Ensures the account is balanced B. Ensures the Profit center is balanced C. Ensures the segment is balanced D. Business Area E. User defined entities

52. Clearing lines are always formed when values have to be reposted between account assignment objects.

True

False

53. Transfer values from Profit center A to profit center B is a function of A. Clearing lines B. Passive split C. Active split D. All the options

54. In Document splitting, Active split and Clearing lines are supported by A. Inheritance B. default account assignment C. Characteristics D. Fields

55. Process Sequence in document splitting

A. Passive split B. Active split C. Clearing lines D. Random pick

56. Select the correct statement regarding document splitting

A. Logical document splitting characteristics is based on assigned scenariosB. Additional document splitting characteristics should use these characteristics in at least one ledger. C. To create the characteristic Balance sheet, set the Zero balance indicator. D. The balance of the involved entities is always zero for every posting ensuring entity balance.

57. Document splitting is first activated at the client level and then can be activated / de-activated for each company code based on the requirement.

True

False

58. Tick the correct statement related to Inheritance in Document splitting.

A. If we are not using Inheritance, need to define Rules for the Business process to ensure the account assignment is projected. B. Activation of inheritance is the first step to enable the documents to be posted when document splitting is active, without customization.C. Inheritance is performed online at line item level D. Inheritance is performed on periodic basis.

59. New GL accounting simulation of document is for

A. Entry view B. GL View C. Posting View D. Sub Ledger view.

60. Tick the correct statement regarding Splitting method.

A. Total of all splitting rules of all business Transactions B. Defines how document splitting is performed. C. Each method will define how each item category is handled D. Whether the account assignment of customer item is copied from the revenue items to a customer invoice E. Individual document splitting rule defines which item categories can/will split

61. In document splitting, simulation will provide the expert mode on all parameters of document splitting method for Business transactions and splits the amount.

True

False

62. Please tick the correct statement related to partial clearing in document splitting. A. Create a new line vendor item B. The residual item will be split among the original expenses in the GL ViewC. Residual item will be split among the original expenses in entry view D. All the options are correct.

63. The business transaction variant is a general breakdown of actual business processes provided by SAP and that is assigned to a wide variety of Item categories.

True

False

64. An item category is a map of posted line items.

True

False

65. An item category describes the items that appear within a document (Business transaction).

True

False

66. Item categories are derived from the account types of GL accounts.

True

False

67. Item category is a semantic description for document split.

True

False

68. An individual splitting rule defines which item categories can / will be split and the same time defines which base can be used (base item category).

True

False

69. Which of the following statements are correct regarding document splitting for the vendor payment process?

A. The selected document splitting characteristics have to be inherited to posting lines of the payment document as wellB. The payment document is split on the basis of document splitting rules of the original expense posting / vendor invoice

70. The inheritance indicator ensures that the corresponding account assignment objects are projected to the petty cash and tax line items, even without corresponding splitting rules.

True

False

71. The Inheritance indicator ensures a Zero balance setting for entities selected for document splitting, without requiring you to define any other system settings.

True

False

72. Reason for re-posting - A vendor invoice was assigned to an incorrect segment and paid with this incorrect segment. In this case both the vendor and the expense items are obviously need to be corrected.

True

False

73. New GL accounting integrates with the Following. A. Integration with Sub-ledgers of FIB. Integration with controlling. C. Integration with Material Management. D. Integration with Sales and distribution.

74. New GL accounting provides integration with the Following Sub ledger of FI. A. Accounts payable B. Accounts Receivable C. Asset Accounting D. General ledger accounting

75. Which of the following is true regarding the integration of New Ledger accounting with Controlling? A. Real time integration from CO to FI. B. Online distribution of follow up costs.

76. In the new GL accounting, the account assignment objects in the revenue line item are inherited to the customer and tax items in the invoice. The same can be seen in the GL view of the document display.

True

False

77. The customer and tax line items of a customer invoice with different account assignment objects in the revenue line items are split online, in proportion to the amounts in the revenue line items. The same can be seen using General ledger view.

True

False

78. Regarding the document splitting of customer, when payments are received, the bank and any cash discount items are split analogous to the revenue lines in the original customer invoice.

True

False

79. The new entities within New GL accounting in mySAPERP, such as segment or profit center, cannot be defined directly in the asset master record. The system derives these two objects from the cost center or order, which can be maintained in the "Time-dependent data" for the asset.

True

False

80. Document splitting also works in the case of the segmentation of an asset acquisition that is posted for multiple assets with different segment assignment.

True

False

81. In new GL Accounting, the reconciliation accounts such as asset balance sheet accounts and value adjustment accounts are already classified internally as item categories.

True

False

82. The item categories for the asset retirement accounts may still need to be defined.

True

False

83. FI drilldown report let you create segment or profit center financial statements immediately using T.Code -FG10 and as result, you no longer have to transfer asses to profit center accounting for profit center financial statement.

True

False

84. In new GL accounting, the cost center of an asset is not displayed in the entry view or the general ledger view by default. This means that the asset balance sheet value is not forwarded to a CO account assignment object.

True

False

85. In New GL accounting, the post capitalization of cash discount to asset is only possible if document splitting is active.

True

False

86. The post capitalization of cash discount to an asset works if the function was already configured when the invoice was entered. It will not work if we simply activate the function before entering the payment.

True

False

87. CO reconciliation with financial accounting always require the reconciliation ledger, which is maintained in Cost element accounting.

True

False

88. Using the reconciliation ledger in New Gl accounting, we can also create financial documents for CO documents entered before New Gl accounting was activated.

True

False

89. It is also possible to transfer primary costs to FI through account determination.

True

False90. You can navigate from CO document to the FI document generated in real time and in the opposite direction. The bi-directional navigation is possible because of the real - time integration between CO and FI.

True

False

91. Periodic processing of New GL accounting includes A. Reduction of Total cost of owner B. (TCO) Foreign currency valuation

92. Which of the following period end activities have been eliminated due to New General Ledger accounting? A. Maintenance and use of reconciliation ledger. B. Balance sheet adjustment C. Profit and loss adjustment D. Maintenance and use of the various FI -SL ledgers E. Many tasks are also eliminated because technical support for segment reporting is available

93. Use of new ledger accounting can save you from many periodic closing and reconciliation operations, because the system has already performed them in real time. This leads to acceleration of period end activities.

True

False

94. Examples of period end closing task that are not eliminated but are changed slightly as the new GL logic. A. Balance Carry Forward. B. Re-classification / sorting of receivables and payables. C. Flat rate individual value adjustment. D. None of the options are correct.

95. Foreign currency valuation run requires an entry of a valuation area and this must be defined and be assigned to a valuation method.

True

False

96. Which of the statement related to parallel accounting are correct? A. Parallel accounting means that a company's financial statements need to be created in accordance with different accounting principles. B. Parallel view is required because, a local view is no longer sufficient by itself in a globalized world of creditors and Business partners. C. An internationally recognized accounting standard is increasingly in demand. D. None of the statement is correct.

97. Examples of internationally recognized accounting principles. A. IAS B. IFRS C. US GAAP D. None of the option is correct.

98. Which of the following statement is correct related to New GL accounting.

A. Different accounting principles can be modeled using the "Account approach" in new GL accounting. B. In addition to the accounts, however, New General Ledger accounting also lets you use different ledgers to save the different valuation approaches. This is called the ledger approach in New GL accounting. C. Special purpose ledgers are not as functional and uniform as the ledger approach in New GL accountingD. All are wrong

99. Choose the correct statement related to new GL accounting.

A. In the system, each client has exactly on leading ledger in new general ledger accounting. B. You can also define additional ledgers within the general ledger. C. We can use different ledgers, for example, to portray different accounting rules. D. None of the statement is correct.

100. The leading ledger is the only ledger that is integrated with CO.

True False

101. We can use different fiscal year variant / additional local currencies differing from that used in the leading ledgers within one company code using non-leading ledger. True

False

102. A valuation area is assigned to exactly one valuation method - but the same valuation method can be assigned to multiple valuation areas. True False

103. For the foreign currency valuation in New GL accounting, which of the following are correct?

A. We need to define the valuation area B. We need to define accounting principles. C. We assign accounting principles to valuation area D. We have to combine the accounting principle with the corresponding ledgers.E. In addition to the leading ledger, we need at least one Non-leading ledger.

104. Since postings are made to the same accounts in the different ledgers in the new GL accounting, it is sufficient for the account determination to be defined only for the valuation area "Blank" in the foreign currency valuation.

True

False

105. Which of the following statements are correct related to Foreign currency valuation through New GL accounting. A. The system automatically derives the account to post the exchange rate difference through account determination. B. The posting document generated by the foreign currency program is reversed automatically with the same program, on the first day of next month.

106. Ledger group consists on one or more non-leading ledgers and we have to define "document types" for entry view in one ledger.

True

False

107. Which of the following statements are true related to integration with FI-AA in New GL accounting.

A. The FI accounts to which postings are made in the ledger approach in New GL accounting are exactly the same ones in each depreciation area. The valuation approaches can still differ, however, because they are saved in different ledgers. B. For the acquisition o f an Asset, values are updated in all the ledgers simultaneously during one posting. C. A document will only be created in the delta depreciation area for an acquisition posting if different APC values have to be entered. The delta valuation area is often required for retirement postings. D. The Fi document from the delta area is not informative in itself. You can only read it together with all the areas values.

108. New GL Reporting Covers, A. Comparison of data in classic general ledger accounting and new GL accounting. B. Use of FI drilldown reporting in new General ledger accounting. C. Line item and balance display in New GL accounting. D. All the statements are wrong.

109. We can compare leading and non-leading ledgers in new GL accounting. True

False

110. Even when the New GL accounting is active, you can still use the classic ledger to create the Balance sheet and profit and loss statement. True False

111. A legacy data transfer is used to transfer the data from the legacy system to the SAP system with activated new general ledger accounting. True

False

112. A migration transfers the data from classic general ledger accounting to New general ledger accounting. True

False

113. For Legacy data transfer and migration, we require setting up two different separate projects.

True

False

114. The migration tools are used to transfer the data from classic accounting to new general ledger accounting. True

False

115. IFRS stands for: A. International financial reporting standards B. Indian financial reporting standards C. Individual foreign reporting standards D. Indian foreign reporting standards.

116. IAS stands for: A. International Accounting standards B. Indian accounting standards C. Individual accounting standards D. International act for style.

Declaration: This is totally based on Practical Hands on Exercise given by my Trainer during SAP FI Training Only for Practice Purpose before appearing for SAP Certification Exam. It may vary in Real Examination conducted by SAP AG. This can be useful for cracking SAP FI Interviews.

Important Points for ECC 6.0 FI Certification-NEWGL1.Possibilities with New GL:Legal and Management ReportingExtensibility(extended data structure by default - with customer fields)Account Balancing with Any characteristics Simple Mapping of Parallel Valuation(possible to manage multiple "books" (->ledgers)Reduction of TCOTransparency and UniformitySegment Reporting (with online document split in real time)Real-Time IntegrationCO=>FI (time consuming recon activities omitted)2.Above possibilities not available in Classic GL3.Do I have to use the new GLOptional: for existing SAP customers during upgrade Classic GL (GLT0) remains active at firstFor initial installations New GL Ledger is active by default in mySAP ERP4.Activating the NGL Accounting:Automatic in initial installationIt is at client level applicable across all CC'TCODE: FAGL_ACTIVATIONResult in system-wide changes to the easy access menu and screen and customizing pathsConventional Financial Accounting paths will initially remain available can hide with program RFAGL_SWAP_IMG_OLD5.Ledger Definition:SAP provides leading ledger "0L" and summary table FAGLFLEXT with the standard systemLeading ledger gets many of its control parameters from the CC automatically comes to LLLL manages additional local currencies & FYV& PPV which are assigned to CCThere is exactly only one leading ledgerOnly the values from LL are posted on to CO in standard systemAddition to LL, you can define other non-leading ledgerYou can assign different alternate currencies &/ FYV, PPV to NLL6.Summary / Total Table:Every reporting is from this table onlyIt has extended databaseNew GL Total Table (FAGLFLEXT) updates more char/data than the Classic GL Total Table (GLT0)New standard fields included:i.CCii.PCiii.SegmentIt can extended with additional fields both predefine SAP fields and entirely new fieldsTo add this have to add to account assignment blockExtending the block will lock out all other transactions

7.Scenarios Definition and Assignment:Scenario defines which fields are updated in the ledgers (in GL view) during a posting (from other application component)Scenario provided by SAP:i.Cost center update - FIN_CCA- sender & receiver CCii.Preparation for consolidation-FIN_CONS- consolidation transaction type & trading partneriii.Business area-FIN_GSBER- sender & receiver BAiv.Profit center update-FIN_PCA- PC & Partner PCv.Segmentation-FIN_SEGM- segment, partner segment & PC fieldsvi.COS accounting-FIN_UKV- sender & receiver FAScenarios should be associated with the types of Ledgers (LL, NLL (N1), NLL (N2))Scenarios available in customizing-provided scenarios assigned to ledgers in customizingA ledger (LL) can be assigned one or more scenarios, or even all six at onceCan not define your own scenariosScenarios do not have to be assigned to non-leading ledgersYou do not need one ledger for each scenarioMultiple/non-leading ledgers are useful for modeling different accounting rulesValues recorded in non-leading ledgers not record in CO moduleIf you don't assign scenarios to a ledger (or to multiple ledgers) - segment B/S will not be possible8.Entry View and GL View:When NGL active Financial accounting document always has two viewsYou can also see the document in NLL in GL viewEntry:view of how a document also appears in the sub ledger views / sub ledgers (AR/AP/AA/Taxes)General:view of how a document only appears in GL-only for GL and not for sub ledgers9.S A & F' I:In general, nothing has changed regarding the entry of the documentsDependencies have also remained:i.Expense account is defined as primary cost element in CO and therefore requires a CO relevant account assignment during entryii.CO object is used to derive PC and FAiii.Now new with ERP: A segment can now be derived from PC10.S A & F' II:If corresponding scenario not assigned no entities are inherited to GL (neither LL / NLL)Effects of missing scenario will be like if you call up B/S you can see the amount in exp account but the same not allocated to scenarios so segment B/S not possible11.S A & F' II:Scenario assignment is not capable of creating a "zero balance position" for any given entity because all the terms not passed to all the line items so segment B/S not possible this function can be possible using the document splitting with active inheritance12.Use of segment entity:Segment field is one of the standard account assignment objects available in mySAP ERP to run analyses for "objects" below CC Level.Objective is to give a detail look at the various business activities- segment reporting-IAS14BA / PC can be used as alternatives segment is in addition to BA & PC

13.Deriving a segment:Segment assigned in the PC Master recordSegment posted automatically when PC postedThere is no "dummy segment posting"If the PC does not have a segment, there is no segment account assignment eitherDefault is derive segment from profit center using BAdI , customer can develop their own derivation solutionsBAdI : FAGL_DERIVE_SEGMENT14.To post, analyze, and display document segments in NGL you have to perform below activities:Definition of the segmentDerivation of the segment-from PCMaintain the FSV & FSG of corresponding FI doc-make 'segment' field to 'optional entry'Maintain the field status of the posting key-""Display the segment field using layout in the document displayDefine the scenarios : scenarios has to be defined for LL- if not segment will only be visible in entry view15.Document Splitting:Motivation: to create segment financial statementsAssumption:i.Operative process (of document entry) must not be disturbed (changed) by the online splitii.When a vendor line item list is called, of course, there should still be only one open item for the invoice.Splitting doesn't happen in sub ledgers happens only in GL account level16.Steps involved in DS:Passive splitActive (rule-based) splitClearing line/zero balance formation by document17.Passive split:During clearing the account assignments of the items to clear are inherited to clearing line itemsCannot be customized18.Active split:(rule based)System splits document due to splitting rules(provided or custom define)Can be configured19.Clearing lines / zero balance formation by document:System creates new clearing line automatically to achieve a splitCan control this process with the "zero balance flag"

20.Splitting procedure:Is the total of all splitting rules of all business transactions.Defines how and under which circumstances split will be performedMeans, each procedure defines how each item category will be handled in the individual business transactionsi.Business transaction: is a general breakdown of actual business process that SAP provides and that is assigned a wide variety of item categoriesii.Business transaction variant: is a specific version of the predefined business transaction provided by SAP and (technical) modeling of a real business process for document splitting.iii.Item category:is (technical) map of the posted line items describes the items that appear within a document derived from among other things, GL account categories semantic description of document split.iv.An individual splitting rule defines which item categories can be split and at the same time defines which foundation can be usedEvery GL has to be categorized into one of the item categoryGL account is associated with the item category21.Splitting rule TCODE: GSP_RD22.Splitting rules are not for CC it is defined at client level23.Document splitting characteristics:After defining how you want to split now define which characteristics to use for splitting in GL accountingSystem proposes logical document splitting characteristics based on the assigned scenariosIf you elect to use additional splitting chars, you should manage these chars in at least one LedgerActivate:i.Zero balance flag if you plan to use char to create FS. Balance of the involved entities is then always 0 for every posting, ensuring"entity balancing"ii.Mandatory flag has the two meanings:1.It is an extension of the field status for accounts in which the char can not be entered during doc entry and for accounts that cannot be controlled through the field status.2.It is a check as to whether a business process-equivalent business transaction variant was selected (which determines whether a splitting rule can be found)24.Activating document splitting and inheritance:Splitting is first activated client-wide in customizingIn a further step you can activate/deactivate splitting in each CCInheritance: means when you create customer invoice from a revenue line entities (such as BA / segment) are projected to the customer and tax lines in the GL ViewDefault account assignment can be used to replace all account assignments that could not be derived from the posting with a constant "value"25.Splitting procedure 0000000012 is the defaulted procedure provided by SAP

26.There is no reason why you shouldn't activate inheritance when splitting is active.If you didn't use inheritance, you'd have to define "rules" for the business processes to ensure that the account assignment are inherited to achieve a zero balance in order to post the itemActivation of inheritance is a first practical step to enable documents with active splitting, without any other customizing activities.Inheritance is performed online and at the line item level.

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