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C_tfin52_66_01

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Title of test:
C_tfin52_66_01

Description:
Example Questions from SAP FI Exam

Author:
AVATAR

Creation Date:
25/06/2016

Category:
Competitive Exam
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Content:
Which logic do we use to define Validation rules? Note: Please choose the correct answer. Arithmetic Logic SAP logic Boolean Logic Rules Logic.
Select the correct statement with regard to validations and substitutions. Note: Please choose the correct answer. Data is validated before posting and substitution is performed after posting. Data is validated before posting and substitution is performed before posting. Data is validated after posting and substitution is performed before posting. Data is validated after posting and substitution is performed after posting.
Which type of Chart of Accounts can be configured in SAP? Note: There are 3 correct answers to this question Group chart of accounts Country-specific chart of accounts Operating chart of accounts Plant-specific chart of accounts.
Which object has to be used to avoid a change of the reconciliation account in the customer's master data? Note: Please choose the correct answer. The field status of the customer account group The field status of the posting key The field status group of the reconciliation account The field status of the activity.
If a vendor is also a customer, it is possible to clear both roles against each other. Which settings are necessary to implement this? Note: There are 2 correct answers to this question. The "Clearing with Vendor" field must be selected in the customer account, and the corresponding field must be selected in the vendor account. The vendor and the customer must be assigned to the same group account. The vendor number must be entered in the customer account or the customer number must be entered in the vendor account. The payment program must be set up to allow debit checks for vendors and credit checks for customers.
In a payment run, the data entered for a payment method in the document may differ from the master data. How is this resolved by the system? Note: Please choose the correct answer. Document data overrides master data. The payment run stops and the system issues an error message. The payment run temporarily stops, and the system prompts you to correct the data. After you have corrected the data, the payment run continues. Master data overrides document data.
The organisational units of Financial Accounting are used for external reporting purposes; that is, they fulfil requirements that your business is subject to from external parties. Which of the following Organizational units are Mandatory in an ERP system with FI? Note: There are 3 correct answers to this question. Client Fiscal Year Business Area Company Code.
How do you ensure that the requirements of the various target groups are satisfied for Financial Statement Versions (FSV)? Note: Please choose the correct answer. Create one FSV and enhance it with different sets of notes. Create different FSVs based on the needs of the target group. Create different versions of the same FSV. Create one FSV and then save different variants based on the needs of the various groups.
What is the main benefit of posting down payments using a special G/L transaction? Note: Please choose the correct answer. It automatically creates the final invoice and clears down payments against it. It automatically clears down payment requests. It shows data in the appendix of the balance sheet. It posts down payments to a reconciliation account that is different from that of ordinary payables and receivables.
How can you easily identify payments made via cheques? Note: Please choose the correct answer. Create an additional field in the coding block called Cheque Use the payment method for cheques. Use the payment term for cheques. Ask the users to enter the word “Cheque” in the assignment field when making payments via cheques.
You would like to display your vehicles separately in the balance sheet which was earlier in the “Factory Machines” asset class. How would you go about configuring this? Note: Please choose the correct answer. Create a new asset class, but use the same account determination. Create a new account determination, but no new asset class. Create a new asset class and a new account determination. Create evaluation groups to subdivide all assets of the class.
You want to use external number assignment for specific document types. What is the special feature of external number assignment? Note: Please choose the correct answer. The numbers can be alphanumeric. The number ranges can overlap. The number ranges can be used across all company codes. The system issues the numbers automatically.
Which of the following are the main components of a drilldown report? Note: Please choose the correct answer. Characteristics and key figures Characteristics and variables Variables and general selection criteria Variables and key figures.
One of your clients want to run the Balance Sheet and P&L Report. After running the report the client wants to check the line items of an account without exiting the report. Which report should your client run? Note: Please choose the correct answer Activate the Line Item Display flag in the financial statement version. Use the standard Financial Statements (RFBILA00) report. Use a drilldown report. Run a line item report.
Which two items must you consider when posting an asset sale? Note: There are 2 correct answers to this question. You must specify the asset value date. You must manually post the profit/or loss amount from the asset sale. You must use posting key 75 (credit asset) and select the specific asset sale in the account field. You must post the sale against an asset that has an acquisition.
At the time of creating the vendor master record at which level is the vendor account number assigned? Note: Please choose the correct answer. Client level Company code segment level Combination of client and purchasing organization segment level Combination of client and company code segment level.
What business function do you need to activate if you want to use Segment reporting on balance sheet and income statements? Note: Please choose the correct answer Cost Center Accounting New General Ledger Accounting Profitability Analysis Profit Center Accounting.
For which set of accounts does the system carries forward the balance to a retained earnings account at the end of a fiscal year and resets them to zero? Note: Please choose the correct answer. Balance sheet and P&L accounts Open items P&L accounts Balance sheet accounts.
What can you define in the terms of payment? Note: There are 3 correct answers to this question. Cash discount periods Interest calculation Baseline date for due date calculation Cash flow calculation Cash discount percentage rates.
What are the advantages of the Payment Medium Workbench (PMW)? Note: There are 3 correct answers to this question. It activates the automatic import of settings related to changes in payment transaction laws. It provides a uniform set of functions for all kinds of payment methods. It automatically creates direct debits. It can be used to change payment formats without modifying the programs. It can be used to create new payment formats.
What do you define when you set up a depreciation area? Note: Please choose the correct answer The posting to the general ledger The company code in Asset Accounting The account determination The asset number ranges.
What are the benefits of using the accrual engine? Note: There are 3 correct answers to this question. The accrual engine can correct accruals in the previous month even if that period is closed. The accrual engine is client-independent. The accrual engine calculates the accrual amounts automatically. The accrual engine can simulate planned future accruals. The accrual engine supports parallel accounting.
Your customers do not pay open invoices. How can you accomplish an automatic flat-rate individual value adjustment? Note: There are 2 correct answers to this question. Create and dispatch a valuation run for each period. Make a statistical flat-rate value adjustment posting for each period manually. Make an individual value adjustment based on special G/L transaction E. Enter a value adjustment key in the customer master.
Which of the following objects must you enter when posting an asset acquisition against a vendor? Note: There are 3 correct answers to this question. Document type Fixed asset balance sheet account Special G/L transaction Asset master record Transaction type.
Which of the following is mandatory to make G/L accounts ready for posting? Note: Please choose the correct answer. A chart of accounts segment and at least one cost element A company code segment and at least one cost element A chart of accounts segment and at least one functional area A chart of accounts segment and at least one company code segment.
Your company uses only book depreciation and you activate the new depreciation engine. The book depreciation key Y010 currently used by an asset should be changed to Y020. The asset depreciation started two years ago, and depreciation for the current year has already been posted for the months of January, February, and March (monthly depreciation run). The change should take effect from April 1st. How can you implement this change? Note: There are 2 correct answers to this question. Undo the depreciation postings for the asset in the current year. Then call the Depreciation Areas screen in the asset master and change the key from Y010 to Y020. Call the Depreciation Areas screen in the asset master and assign the key Y020 with validity start date of April 1st. Call the Depreciation Areas screen in the asset master and change the depreciation key from Y010 to Y020. Also change the ordinary depreciation start date to April 1st. Create a new asset referencing the asset you want to change. On the Depreciation Areas screen, select depreciation key Y020. Then post an asset transfer from the existing asset to the new asset.
In New GL, how would you incorporate companies with different fiscal years if you wanted to assign them to the same controlling area? Note: Please choose the correct answer Use the same fiscal year variant for all company codes and do a reversible close for the company codes that have different fiscal years. Use the same fiscal year variant for all company codes and set up parallel accounting for company codes that have different fiscal years. Create company codes with different fiscal year variants and assign them to the same group company for reporting purposes. 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.
Which of the following objects can you post to via the cash journal? Note: There are 2 correct answers to this question. Asset master Accrual Engine Customer One-time customer Material master.
What do you define when you configure a dunning procedure? Note: Please choose the correct answer. Dunning levels and the language of the dunning note Dunning levels and account determination to post dunning interest Dunning charges for each dunning level and customers to be dunned Dunning levels and dunning charges for each dunning level.
What is the maximum number of line items of an FI document? Note: Please choose the correct answer. Unlimited 999 99 9999.
What are the prerequisites for setting up cross-company-code cost accounting? Note: There are 2 correct answers to this question The same fiscal year variant is used for all company codes. The same currency is used for all company codes. The same variant for open periods is used for all company codes. The same chart of accounts is used for all company codes.
A customer requires a balance sheet per segment but does not require a balance sheet per profit center. You discuss the features of segments and profit centers with him. Which features can you highlight? Note: There are 3 correct answers to this question You can assign the segment to the asset master record. You can assign a segment to a cost accounting object such as a cost center or internal order. Segments are derived from profit centers in the standard system. You can assign the segment to the material master. You can post in FI directly to a segment.
How do you prevent duplicate vendors from being created? Note: There are 2 correct answers to this question. Activate master data comparison for the vendor. Activate message control for the duplicate vendor check. Run the Vendor De-Duplication report. Use matchcode to check whether the vendor already exists.
Which of the following task types are supported by the Closing Cockpit or Schedule Manager? Note: There are 3 correct answers to this question. Spreadsheets Transactions Reconciliation keys Notes (as a reminder or milestone) Programs with or without variant.
Which of the following accounts are updated directly? Note: Please choose the correct answer Accounts in the group chart of accounts Accounts in the operating chart of accounts Accounts in the master chart of accounts Accounts in the country chart of accounts.
To which of the following does an asset class apply? Note: Please choose the correct answer. To all company codes in a controlling area To all company codes in an instance (client-independent) To all company codes in a client To all company codes within a client, which share the same chart of accounts.
In your leading ledger (ledger solution), balance sheets must be created for company codes and segments. Which Customizing settings do you need to make? Note: There are 2 correct answers to this question. Define a retained earnings account. Define two retained earnings accounts and assign them to your P&L accounts. Assign the Segment Reporting scenario to your leading ledger. Activate cost of sales accounting.
Your finance team wants sales revenues for customers of affiliated companies to be posted to a different sales revenue account in the general ledger. Which of the following steps are required to allow this? Note: There are 3 correct answers to this question. Create an account condition master record for the customers of affiliated companies. Assign an access that includes the account assignment group as a key field within the access sequence used for account determination. Assign the affected sales revenue account to the key combination in Customizing that includes the account assignment group field. Maintain the requested sales revenue account directly in the customer master record of the payer. Assign the same predefined account assignment group to the customer master for all customers of affiliated companies.
You post a G/L document. For the Text field, the field status of the posting key is set to Required Entry and the field status of the G/L account is set to Hidden Entry? What happens during posting? Note: Please choose the correct answer. The document is posted. A warning message is shown. An error message is shown. The Text field is hidden.
For reports in Asset Accounting, which object do you have to use and, where necessary, customize to determine the sort level and/or the summation level? Note: Please choose the correct answer. Depreciation area Sort Key Sort Variant Valuation area.
Which account assignment objects can be maintained directly in the asset master data in SAP ERP 6.0 EhP5 (Enhancement Package 5) with new G/L activated? Note: There are 2 correct answers to this question. Asset network Segment Profit center Depreciation center.
Which parameters do you have to specify if you want to execute a payment run? Note: There are 2 correct answers to this question. Currency Bank account Payment method Company code.
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