C_tfin52_66_02

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Title of test:
C_tfin52_66_02

Description:
Example Questions from SAP FI Exam

Author:
AVATAR

Creation Date:
25/06/2016

Category:
Competitive Exam
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Last comments:
AVATAR
sapmelb ( make 8 meses )
Dear vijaysrivastava, I fixed it. Thank you for your help as well!
vijaysrivastava ( make 8 meses )
Your customer wants to perform year end activities. Which of the following activities are mandatory to close the books?

Correct Answer should be
1. Run the carry forward
2. Run balance sheet open item analysis

Please correct the answer.
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Content:
Your company currently uses internal number ranges for documents. You are rolling out your system in a new country. It is a legal requirement in this country to have external document numbering on vendor invoices (currently document type KR; Number Range Interval 51). You have copied the number ranges from the existing company code to the new company code. Which Customizing settings do you have to make to meet this requirement and have a minimal effect on the existing system configuration? Note: Please choose the correct answer. Mark a new document number range as external and assign it to the document type KR. Create a new external document type and assign the number range 51 to the new document type. Create a new document type and a new external number range interval as external. Assign the new number range to the new document type. Mark existing number range interval 51 as external for the new company code.
You have two house banks. Each house bank has three bank accounts. How many separate G/L accounts do you recommend the customer creates in the chart of accounts? Note: Please choose the correct answer. Six – one for each combination of house bank and bank account One for all postings Two – one for each house bank Three – one for each bank account.
Which line item field is filled automatically by the sort key field of a master record (G/L account, customer, or vendor)? Note: Please choose the correct answer. Item text Assignment Amount in document currency Number of the invoice to which the transaction belongs.
You want to reconcile the amounts you have in a main bank G/L account in your system with the daily bank statement. You create a single intermediate G/L bank account for each bank. All transactions with the bank are posted through the intermediate account. Which of the following indicators do you have to activate in the G/L account characteristics of the intermediate account? Note: There are 2 correct answers to this question. Reconciliation account for account type Bank Line item display P&L statement account Post automatically only Open item management.
What additional options do parking documents offer compared to holding documents? Note: There are 2 correct answers to this question. A parked document can be posted cross-client to minimize the total cost of ownership (TCO). A parked document can be posted using a workflow. A parked document can be changed and posted by another user, thereby supporting the principle of dual control. A parked document can be posted via automatic speech recognition.
Your customer has two company codes in the same client. Each company code has a different operational chart of accounts. The customer has a country-specific chart of accounts for each company code. How does this influence how you create customer master records? Note: Please choose the correct answer. You have to create customer master records for each credit control area. You have to create one master record for each customer. You have to create customer master records for each country-specific chart of accounts. You have to create customer master records for each chart of accounts.
You have entered a non-invoice-related credit memo and selected the term of payment Net due 30 days. The Invoice Reference field is empty (it contains neither a document number nor a V). What effect does this have on the term of payment? Note: Please choose the correct answer. The term of payment is copied from the last valid invoice of the customer. An error occurs. The term of payment is valid. The term of payment is invalid.
Which of the following factors determine the field status for vendors? Note: Please choose the correct answer. Account group, transaction, and company code Transaction, chart of accounts, and company code Account group, chart of accounts, and company code Account group, transaction, and chart of accounts.
You configure the available amounts for bank accounts. What happens to these available amounts during the payment run? Note: Please choose the correct answer. They are set to zero. They are updated automatically, but have to be released by another user (dual control). They are updated automatically. They are not updated.
A customer wants to create a report that is to be run on a monthly basis showing documents within a specific range for a specific company code that have been posted within the current month. How can you create this type of report? Note: Please choose the correct answer Create a Compact Document Journal report. After running the report, save it to your desktop, where it can be updated every month. Create a Compact Document Journal report. Enter the values for the document interval and company code. After saving this as a variant, add an appropriate D (Dynamic Date Calculation) variable for the posting date on the Variant Attributes screen. Create a G/L Account Balances report. Enter the values for the document range and company code. After saving this as a variant, add an appropriate D (Dynamic Date Calculation) variable for the posting date on the Variant Attributes screen. Create a Compact Document Journal report. Enter the values for the document range and company code. After saving this as a variant, add an appropriate T (Table) variable for the posting date on the Variant Attributes screen.
A customer wants to use document splitting to enable balance sheets by segments. How do you set up the document split? Note: There are 2 correct answers to this question. Assign the splitting method to the transaction variant. Define a non-leading ledger for the split documents. Assign all document types to business transactions and business transaction variants. Define splitting rules.
Which object do you have to activate to maintain profit centers directly in Asset Accounting with all business functions for New General Ledger Accounting activated? Note: Please choose the correct answer. Profit Center Reorganization Segment Reorganization Profit Center Update Scenario Segment Reporting.
Which are the correct series of steps in the payment program? Note: Please choose the correct answer. Maintain parameters, Proposal run, Printing Payment Media, Execute a payment run. Proposal run, Maintain parameters, Printing Payment Media, Execute a payment run. Proposal run, Execute a payment run, Printing Payment Media, Maintain parameters. Maintain parameters, Printing Payment Media, Proposal run, Execute a payment run. Maintain parameters, Proposal run, Execute a payment run, Printing Payment Media.
What is the purpose of account determination in the accrual engine? Note: There are 2 correct answers to this question. To determine the CO object To determine the correct posting period. To determine the document type To determine debit and credit accounts.
Your customer runs an SAP ERP system with New General Ledger Accounting activated. What do you need to do for Profit Center updates to be part of the general ledger? Note: Please choose the correct answer. Activate transfer prices in Profit Center Accounting. Set up the same group currency for all company codes and profit centers. Deactivate document splitting for profit centers. Assign the Profit Center Update scenario to the ledger.
What does the posting key control? Note: There are 3 correct answers to this question. Account type Document type Field status Debit/credit indicator Number range.
A customer wants to define a chart of depreciation. How do you recommend setting up the depreciation area? Note: Please choose the correct answer. Based on company codes Based on the aims of internal or external reporting Based on relevant currencies Based on the relevant chart of accounts.
Which are the necessary steps to create a validation? Note: Please choose the correct answer. Check, control, message Prerequisite, check, update, control Check, update, message Prerequisite, check, message.
When parking a document, which of the following occurs in the system? Note: Please choose the correct answer. The document number is assigned and transaction figures are updated. The document number is not assigned and transaction figures are not updated. The document number is assigned but transaction figures are not updated. The document number is not assigned but transaction figures are updated.
A vendor sends an invoice to a company which contains expenses for two company codes. You post the vendor item to the receiving company code, then the expense, and finally a cross-charge to the other company code. How are the taxes posted? Note: Please choose the correct answer. Taxes are posted to the company code where the vendor item is posted. Taxes are posted to the company code where the larger part of the expense is posted. Taxes are posted to both company codes in proportion to the expenses. Taxes are not posted automatically, and will therefore have to be posted manually.
What does the fiscal year variant control? Note: There are 2 correct answers to this question. The number of special periods available in addition to the normal periods The number of periods (up to 16 posting periods including special periods) The open periods (a period interval for closing and another for day-to-day business) The number of periods (up to 52 posting periods and special periods).
Which objects can be assigned to an asset master record with New General Ledger Accounting? Note: There are 3 correct answers to this question. Profit center Internal order Account determination Profitability segment Segment.
For which scenario can you use the cash journal? Note: Please choose the correct answer. To manage cash in local branches and offices. To make remittances to vendors. To post incoming and outgoing payments in any transaction currency. To record documents that will not be included in the general ledger.
The account group is used to control which of the following? Note: There are 3 correct answers to this question. Fields displayed on the customer master Partner Functions The fields copied during copy control Number Assignment General Ledger (G/L) account postings.
Your customer wants to perform their year-end closing activities. Which of the following activities are mandatory to close the books? Note: There are 2 correct answers to this question. Run planning and budgeting. Run fiscal year change in Asset Accounting. Run balance sheet open item analysis. Run the carry forward.
Which Customizing settings can you make for payment terms? Note: There are 3 correct answers to this question. Determine a default payment method for the line item Determine whether a payment term is valid only for the vendor, only for the customer, or for both customer and vendor Determine a default currency code for the header of the accounting document Determine that invoices are locked for dunning Determine that invoices are locked for payment.
Which postings are created by the depreciation posting run? Note: There are 2 correct answers to this question. Postings to the depreciation accounts in the General Ledger Transfer of depreciations to cost center planning Book and cost accounting depreciations to assets Year-to-date depreciation on current assets.
Which of the following are interactive functions available in the SAP List Viewer. Note: There are 3 correct answers to this question. Dual control. Sorting. Master data modification. Summation. Filters.
Which of the following properties can you assign to a field when creating a variant? Note: There are 3 correct answers to this question. Highlight a field Hide a field Delete a field Protect a field Make a field mandatory.
Into which types can Special G/L transactions be divided? Note: There are 3 correct answers to this question. Automatic offsetting entry Noted item Value adjustment Interest Free offsetting entry.
What do you use the Closing Cockpit for? Note: Please choose the correct answer. To perform periodically recurring activities To run reconciliation between CO and FI To perform day-to-day activities To create mass change of offsetting days for existing activities.
You want to capitalize an Asset under Construction (AuC) using the line item settlement process. However, the settlement does not work. What could be the reason? Note: There are 3 correct answers to this question. The AuC has not been released. There is no settlement profile assigned to the company code. The settlement profile does not allow assets as valid receivers. The status of the AuC is set to Summary Management. The Depreciation Engine is not active.
What is one of the benefits of document parking? Note: Please choose the correct answer. It enables technically incomplete documents to be posted. It enables individual document numbers to be assigned. It provides a user friendly way of changing posted documents. It enables the use of the dual control principle.
Which objects can be assigned to an asset master record? Note: There are 3 correct answers to this question. Cost center. Internal order. Profit center. WBS element. Profitability segment.
Your customer wants to clear minor payment differences for incoming payments automatically. Which objects do you have to use to fulfil this requirement? Note: Please choose the correct answer. Tolerance groups for G/L account and tolerance groups for employees Tolerance groups for G/L account and tolerance groups for customers/vendors Tolerance groups for employees and tolerance groups for document types Tolerance groups for employees and tolerance groups for customers/vendors.
Your customer wants to add a new company code and asks you to make the configuration settings for document types and number ranges. What do you have to do? Note: Please choose the correct answer. Allow all document types for the new company code. Define number ranges for the new company code. Set a second number range for all document types. No additional settings are necessary.
Select the correct statement with regard to validations and substitutions: Note: Please choose the correct answer. When you create validation and substitution rules, you must assign Validation Key and Substitution Key to the validation/substitution rules. When you create validation and substitution rules, you must assign Application Area and Call Up Points to the validation/substitution rules. When you create validation and substitution rules, you must assign Validation Type and Substitution Type to the validation/substitution rules. When you create validation and substitution rules, you must assign Document Type and Company Code to the validation/substitution rules.
Your customer sells products and services. They have to separate the invoices into invoices for products and invoices for services. Which object do you have to use to create dunning notices dependent on the division (product or service)? Note: Please choose the correct answer. Separate dunning runs Dunning areas Dunning block reasons Dunning keys.
Which of the following describe characteristics of master data? Note: There are 2 correct answers to this question. Master data is used on a long-term basis for multiple business processes. Master data is typically assigned to organizational levels. Master data must be assigned on company code level. Master data cannot be changed after creation. Master data is a template for transactional data.
You want to update the Search Term2 field in your customer master data, but the field does not appear in the maintenance transaction. Which field status definitions do you have to check and, if necessary, change in Customizing? Note: There are 2 correct answers to this question. Field status definitions of activities Field status definitions of company codes Field status definition of the assigned reconciliation account Field status definitions of account groups.
Your customer wants to run the fiscal year change program. What are the prerequisites for this? Note: There are 2 correct answers to this question. The fiscal year change program cannot be started before the last posting period of the current year. The previous year has to be closed for asset accounting. Depreciation and asset balances have to be fully posted. The previous year has to be closed in Financial Accounting.
To which primary Cost Accounting objects can a depreciation be posted? Note: There are 2 correct answers to this question. Cost center Network Internal order Profit center.
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