26. Which of the following is not a feature of the Field Status Variant?

26.     Which of the following is not a feature of the Field Status Variant?

A. We can create field status groups from this variant

B. This variant can be assigned to only one company code

C. This variant can be assigned to many company codes

D. We can specify field status of transactions using this variant

E. All of the above

2.     When a transaction is executed, the permitted account type is determined by:

A. Document Type

B. Posting Key

C. Client Type

D. Both A & B

E. A, B & C

3.    Below are some General Ledger Account segments, decide which ones are from the company code level? (4 correct answers)

 A. Account Number

 B. Account Currency

 C. Long Text

 D. Account Group

 E. Field Status Group

 F. Open Item Management

 G. Line Item Display

4.     What are some of the key organizational structures in FI?

A. Company Code

B. Subsidiary Ledger

C. Business Area

D. Both A & B

E. Both A & C

5.    Which reports are not used in management accounting?

a.    Budgets

b.    Pro forma financial statements

c.    Cost allocation calculations

d.    Statement of cash flow

6.    Which one deals with the classification, analysis and management of costs by the people who are responsible for those costs?

a.    Cost center accounting

b.    Internal order accounting

c.    Activity based costing

d.    Profitability accounting

7.    Which is NOT the key process of management accounting?

a.    Cost element accounting

b.    Overhead management

c.    Profitability accounting

d.    Product costing

8.    In cross-company code accounting, what is the relationship between controlling area and company code?

a.    1:1

b.    1:N

c.    N:1

d.    N:N

9.    Assigning company code to controlling area is one of the most important connections of financial accounting to controlling. This enables all financial transactions to flow over to controlling for internal management accounting purposes. This enables the company to complete all EXCEPT:

a.    Cost center accounting

b.    Profitability analysis

c.    Product costing

d.    Internal orders and more.

10. The currency type in the controlling area can be set as:

a.    Company code currency

b.    Controlling area currency

c.    Group currency

d.    Global company currency

e.    All of the above

11. These questions can be answered with settlement rule functionality EXCEPT:

a.    What costs are going up over time?

b.    What percentage of costs needs to go to different receivers of costs?

c.    Where will those costs go (receivers of cost)?

d.    What cannot be a receiver of cost?

12. Which are the standard internal order types?

a.    Overhead orders

b.    Orders with revenues

c.    Accrual orders

d.    All of the above

13. Which is the secondary cost element?

a.    Rent expense

b.    Bad debt expense

c.    Labor

d.    All of the above