BCSE ERP Financial Accounting (FI)

Question 1

What is a 'chart of accounts' in SAP FI?

Accepted Answer

A structured list of G/L accounts used by a company code

Answer

A chart of accounts in SAP FI is a structured list of all General Ledger accounts used by one or more company codes to record financial transactions.

Question 2

Which document type in SAP FI is typically used for vendor invoice postings?

Accepted Answer

KR

Answer

Document type KR (Kreditor Rechnung, meaning vendor invoice) is the standard SAP document type used for posting vendor invoices in accounts payable.

Question 3

In SAP FI, what is the purpose of the 'reconciliation account'?

Accepted Answer

To automatically update the G/L when postings are made to sub-ledger accounts

Answer

Reconciliation accounts automatically update the General Ledger when transactions are posted to customer or vendor sub-ledger accounts, keeping the G/L in sync.

Question 4

What transaction code is used to post a General Ledger document in SAP FI?

Accepted Answer

FB01

Answer

Transaction FB01 (Finance Basic posting) is used to manually post a General Ledger document in SAP Financial Accounting.

Question 5

What is 'dunning' in SAP Accounts Receivable?

Accepted Answer

The process of sending payment reminders to customers with overdue invoices

Answer

Dunning in SAP AR is the automated process of sending payment reminder notices to customers who have overdue open invoices.

BCSE ERP - Business Certified SAP ERP Practice Test

BCSE ERP - Business Certified SAP ERP Practice Test

BCSE ERP Financial Accounting (FI)