Test SAP tfin_50 test 3

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Title of test:
Test SAP tfin_50 test 3

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SAP tfin_50 test 3

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nomikhanxyz ( hace 1 year )
please verify the all answers of question again as i have found some answers are wrongs e.g customer/vendor tolerance group provide specification for tolerance for payment advice notes.
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Which statement is correct? (pg 18) A fiscal year that is a calendar year must have 12 posting periods. A fiscal year that is a calendar year must have 16 posting periods.
Which statement is correct? (pg 5) You have to select a four digit alphanumeric key as the company code key. You have to select a four digit numeric key as the company code key.
A complete customer account consists of the following three segments: Which statement is false? (pg 75) General data at the client level Purchasing organization segment Company code segment Sales area segment.
Which statements are correct? (pg 50,51 tfin50_1) The fields "Account Currency" and "Field Status Group" are always required fields. Fields that are hidden may still contain values that are taken into consideration. The fields "Account Currency" and "Field Status Group" are always required fields. This status can be changed. A chart of accounts contains many different types of accounts You must enter the account group in the chart of accounts segment; it controls the appearance of the company code segment of a G/L account A chart of account can be grouped into same account groups.
You can maintain two prefixes that can be used to differentiate between direct and indirect quotation exchange rates during input and display.Which one you do you use for indirect quotation exchange rates (tfin50_1 pg 33) " "(blank, without a prefix) "/".
You can maintain two prefixes that can be used to differentiate between direct and indirect quotation exchange rates during input and display.Which one you do you use for direct quotation exchange rates (tfin50_1 pg 33) " " (blank, without a prefix) "/".
Certain fields in both the document header and the line items can be changed.(pg 192) incorrect correct.
You can display the customer or vendor master record for all accounts using reports, (pg 86) RFDABL00 RFDADL00. RFKABL00 RFDADL00.
The Reconciliation Account field can be found in the company code segment of the customer/vendor master record.(pg 354) correct incorrect.
You can enter terms of payment in the,Which one is false? (pg 210 tfin50_1) company code segment HR segment purchasing organization segment the sales area segmen.
Following options are available for the document number range defined for the year in which it is used.(tfin50_1 pg 124) Up to a future fiscal year For each fiscal year Up to a previous fiscal year.
The information entered in the chart of account segment for a G/L account applies to all company codes.(tfin50_1 pg 46) incorrect correct.
You can define and change the layout of the tab pages for the individual processing of the G/L account master data.(pg 46) correct incorrect.
Texts entered for the chart of accounts segment are managed by text ID and language. You can display texts using the report "Account Assignment manual" (RFSKTH00). correct incorrect.
Which statements are correct? (tfin50_ pg 4) The use of business areas is optional. A separate company code is usually created per country. A company code is the minimum structure necessary in mySAP ERP The use of business areas is mandotry A company code represents an independent balancing/legal accounting entity.
One gain/loss account can be assigned: Which are True? (pg 319) To all currencies and currency types Per currencies and currency type Per currency type Per currency To one currency and currency type.
Cross-company code documents can not be reversed: (tfin50_1 pg 258) incorrect correct.
Document type allows postings to all account types? (pg 123) AS RE RV AB ZP.
The payment program uses mostly the document type for its automatic postings? (PG 123) AS RW ZP AB DS.
The cash journal is one of the Enjoy business transactions that you can process on a single screen.(pg 336 tfin50_1) correct incorrect.
You cannot save cash journal entries locally in the cash journal subledger, and copy or delete them.(pg 336) correct incorrect.
In the SAP system you can enter a cash journal document with a document split.(pg 337) correct incorrect.
The conditions for changing a field are predefined. You can change them as follows:(pg 193) The posting period is still open The line item is not yet cleared The line item is either a debit in a customer account or a credit in a vendor account The document is a credit memo for an invoice The document is not a credit memo from a down payment.
Which one do you use for the tax jurisdiction code for city level? (tfin50_1 pg 237) 25 000 0000 0 25 022 0000 0 25 022 1105 0 25 022 1105 1.
Which one do you use for the tax jurisdiction code for state level? (tfin50_1 pg 237) 25 022 1105 1 25 022 1105 0 25 022 0000 0 25 000 0000 0.
Which one do you use for the tax jurisdiction code for country level? (tfin50_1 pg 237) 25 000 0000 0 25 022 0000 0 25 022 1105 0 25 022 1105 1.
"Posting with Clearing"-If the total amount of selected open items does not equal the amount of the clearing document, the system allows you to post the difference.(pg 273) correct incorrect.
The "account clearing" function works for any account managed with open items in the general ledger and in subledgers.(pg 274) incorrect correct.
Which statements are incorrect for chart of Accounts? (pg 43,44 tfin50_1) The chart of accounts is a variant which contains the structure and the basic information about general ledger accounts. The chart of accounts must be assigned to every company code for which accounts are to be set up based on the structure concerned. The length of the G/L account numbers can be from 0 to 10 digits. When you save a new G/L account, the corresponding cost type is created automaticall A chart of accounts that is not yet completed cannot be blocked You can get a directory of the G/L accounts in your chart of accounts for information or for documentation purposes via report RFSKPL00.
The Fiscal year, Which statements are correct? ( 17) The fiscal year variant contains the definition of posting periods and special periods. In total, you can define 12 periods. In total, you can define 16 periods. You define the fiscal year as a variant that is assigned to the company code. year-specific year-independent.
The company code segment for the same G/L account can be different depending on the requirements of the company code. (pg 48) correct incorrect.
In Customizing, users define the retained earnings account that is assigned to expense accounts during G/L account master record creation.(pg 49) correct incorrect.
In the chart of accounts segment, you do not have to specify whether the account is a balance sheet or a profit and loss statement account.(pg 49) incorrect correct.
List some sources of values that are defaulted by the system for document entry.Which one is False? (pg 188) User master records Parameter memory Company code Systemdata Account master record Accounting functions.
As users make changes to documents, the following information is logged: Which one is False? (pg 192) The field that was changed The new and old values The data he entered The user who made the change The time and date of the change.
You can differentiate between document change rules according to the following criteria: Which are True?( pg 192) Account type Transaction class Field status Company code.
Each currency can have a validity date (pg 27 tfin50_1) correct incorrect.
Typical reconciliation accounts are "accounts payable" and "accounts receivable". (pg 53 tfin50_1) correct incorrect.
You define a G/L-account as a reconciliation account by entering one of the following account types in the field Reconciliation Account for Account Type: (pg 53) correct incorrect.
Which statement is incorrect? (tfin50_1 pg 306,307) If you know the reason for a payment difference, you can enter a reason code. The customer/vendor tolerance groups contain entries that control the residual items. If the payment difference is outside of the tolerances it has to be processed automatically Reason codes are used to describe the reason for the payment difference.
With hold Document, Which statement is False? (pg 406) Free assignment of the designation/ID No updates of the transaction figures No document number is assigned Taken into account for evaluations/reports.
Parked documents-Neither transaction figures, asset values, etc. nor control totals are updated when securing parked documents (pg 419) incorrect correct.
If the payment difference is outside of the tolerances it has to be processed manually (pg 306) correct incorrect.
To reduce the number of clearing accounts, you can use just one company code as the clearing company code.(pg 258) correct incorrect.
Which statements are correct in IMG? You can create an company code You cannot edit an company code You can delete an existing company code You can copy an existing company code.
When you set up a new cash journal for a company code, you have to enter the appropriate values for the following fields: (tfin50_1 pg 327) The four eight digit cash journal identification and name The currency in which you do not want to run the cash journal The company code in which you want to use the cash journal The four digit cash journal identification and name The G/L accounts to which you want to post the cash journal business transactions.
Which statements are correct ? (tfin50_1 pg 201) Normally the system do not uses the normal reversal posting to reverse documents. The normal reversal posting causes an additional increase in the transaction figure The negative posting also posts the incorrect debit as a credit and the incorrect credit as a debit. Negative postings cannot be used to perform transfer postings of incorrect line items The normal reversal posting therefore causes an additional increase in the transaction figure Documents with cleared items cannot be reversed. The document must first be reset. When you reverse a document, you have to enter a reversal reason that explains the reversal.
Company code (for External purposes) represent separate areas of operation within an organization and can be used across company codes. incorrect correct.
You should not activate the line item display for: Which statement is False? (pg 55) Reconciliation accounts (line items are managed in the subledgers) Revenue accounts (line items are managed by the Sales order Management application) Material stock accounts (line items are managed by the Purchasing Management application) You can not use report RFSEPA01 to subsequently activate the line item display Tax accounts (Tax items are only useful in connection with the document; the tax amounts were already checked when the document was posted.).
Which statements are correct? (tfin50_1 pg 106) The customer/vendor accounts must always be maintained centrally. One number range can only be assigned to one account group. Internal number assignment means that the mySAP ERP system assigns the number automatically. You maintain a customer/vendor master record centrally if you create the Financial segments at the same time as the Sales order Management/Purchasing Management segments. General ledger accounts have external number assignment.
Which statements are correct? (tfin50_1 pg 262) A cross-company code transaction consists of at least two documents. Cross-company code clearing accounts must be G/L accounts. Tax amounts of a cross-company code transaction are automatically distributed to the company codes in which the expenses/revenues occurred. The company codes of a cross-company code transaction may have different local currencies. The cross-company code transaction number is a combination of the document number in the first company code, the first company code number, and the fiscal year.
G/L Accounts with open item management must have line item display correct incorrect.
The SAP Financial Accounting component uses one posting transaction for several different postings (pg 165) correct incorrect.
What happened When an open item on a customer or vendor account is cleared, the possible cash discount is posted automatically(tfin50_1 pg 218) to an account for "cash discount expense" to an account for "cash discount received" to an account for "credit to vendor" to an account for "customer cash discount ".
Which statements are correct? (pg 228) Credit memos can be linked to invoices to ensure that invoice and credit memos are due on the same date. The day limits define the dates of the cash discount periods. Every installment of an installment plan must have its own terms of payment. "Terms of Payment" is a field in the company code and sales area segment of the customer master record. The day limits define the dates of the cash payment periods. The baseline date is the date that the system uses to determine the due date of the invoice.
Which report enables you to transfer external market data in file form, you can automatically update the exchange rate table by uploading an input file in multicash form RFTBDF07 RFTBFF00 RFTBDF14 RFTBDF00.
If the payment difference is too high to be immaterial, it must be processed automatically. (PG 305) incorrect correct.
The mySAP ERP system generates the exchange rate differences automatically. (pg 322) correct incorrect.
Tasks Related to the Workflow are (tfin50_1 pg 437) Posting invoices Approving leave Blocking purchase requisitions Changing material masters Creating customer accounts Creating purchase orders.
You cannot enter or change terms of payment When process a document (pg 210) correct incorrect.
Which statements are correct? (pg 201) The normal reversal posting causes the system to post the incorrect debit as a correct debit and the incorrect credit as a correct credit. The normal reversal posting causes the system to post the incorrect debit as a credit and the incorrect credit as a debit.
Which statement is True? (tfin50_1 pg 155,156) Posting periods are opened and closed automatically. No more than two periods can be open at the same time The posting period variant is assigned to the company code. The authorization group in the posting period variant applies only to authorization for posting in special periods.
Which statements are correct for cash discount net procedure? (tfin50_1 pg 219) If the invoice is paid after the cash discount deadline, the cash discount loss is posted to a separate account. The cash discount clearing account must be managed on an closed item basis. When you use the net procedure, the cash discount amount is automatically posted when the invoice is posted. When the invoice is paid, the system carries out a clearing posting to the cash discount clearing account. If you post a vendor invoice with a document type for the net procedure, the amount posted to the expense or balance sheet account is increased by the cash discount amount.
Every document is uniquely identified by the following fields: Which statement is false ? (pg 121) Document number Document header Company code Fiscal year.
The mySAP ERP System do not provides collective processing functions for the G/L account master records.(pg 59) correct incorrect.
Collective processing-You can change the master data in the chart of accounts segment, company code segment, or the names of several G/L accounts at the same time correct incorrect.
Which statement is false for "posting with clearing"? (pg 273) You can not carry out the "posting with clearing" transaction manually or automatically using the automatic payment program. "Posting with clearing" can be carried out for several accounts, account types, and for any currency simultaneously. When you use the "posting with clearing" function, enter the clearing document amount and then select the open items that are to be cleared. The customer pays the invoice and the payment is assigned to the open item. A clearing transaction always creates a clearing document.
The program groups items from an account together where they have the same entries in the following fields: Which are correct ? (pg 275) Reconciliation account number Currency items with withholding tax entries Special G/L indicator Noted items Five freely defined criteria from document header or line item, for example, assignment field, reference number, and so on.
When using these G/L accounts, should the text field for document entry be a required field, an optional field, or a hidden field? This information is divided into field status groups for each group of G/L accounts incorrect correct.
Which statement is false? (pg 109) You can display changes to the bank master data for all banks using report RFBKABL0. The payment program uses the house bank ID and the bank types to determine the bank to be used Bank master records include address data and control data, such as the SWIFT Code, postal giro data, and bank group Bank master records are stored externally in the bank directory Every record is identified by the bank country and the bank key.
Which statements are correct? (pg 71) Reconciliation accounts are updated on a daily basis. G/L accounts with open item management must have line item display. You can always display the line items of a G/L account. Because the company codes use different operational charts of accounts, you cannot carry out cross-company code controlling. G/L accounts that are managed in local currency can only be posted to in this currency. G/L accounts that are managed in a foreign currency can only be posted to in this foreign currency.
Which statements are correct? (pg 133,134,143) Every company code may define its own document types. Every company code may define its own document number ranges. At the beginning of a new fiscal year, the system always starts the document number assignment again at the start of the number range. Document number ranges must not overlap. Posting keys are defined at client level. The field status group controls the field display during document entry.
The posting period variant is assigned to the, which one is correct? (pg155) company code G/L accounts.
Which of following sources of values that are defaulted by the system for document entry. (pg 188) User master records Parameter memory company code data Systemdata Account master record Accounting functions.
Which statement is false for Exchange rates? (pg 31) For each currency pair you can not define either the direct quotation or the indirect quotation as the standard notation for the exchange rate. In direct quotation, one unit of foreign currency is quoted for the local currency All mySAP ERP applications and functions process exchange rates using direct quotation as well as indirect quotation. The use of indirect quotation is neither application nor country-specific.
Which statement is correct? (pg 13) You can assign a business area to a company code directly. You can not assign a business area to a company code directly.
In the document overview, the posting date, posting period, and fiscal year are displayed.(pg 150) correct incorrect.
When entering a document, among other items, you must enter the posting date (pg 150) incorrect correct.
At the line item level, the system checks the account type of the posting key to ensure that the period is open for the assigned account type.(pg 149) correct incorrect.
If a document is posted to a subledger account, the field status group of the reconciliation account is used.(pg 127) correct incorrect.
IBAN- Which one is False? (pg 81) The IBAN (International Bank Account Number) is an internationally recognized, unique identification number for a certain bank account. The IBAN (Internet Bank Account Number) is an internationally recognized, unique identification number for a certain bank account.
In mySAP ERP currencies are defined using, which statement is correct? (pg 37) Inversion keys Base currency currency keys conversion keys Exchange rate spreads.
Using the editing options, you can configure your screens for the following areas:(pg184) Document entry Company Code Document display Parameter ID Open items Master screen.
The Business Workplace consists of Following screen areas:Which one is False? ( pg 437) Selection tree Worklist Financial accounting Work item preview.
You can not change the cash discount after you post the invoice. (pg218) incorrect correct.
Document types define the following: Which statements are correct ? (pg 122) Number ranges for document numbers Whether invoices are posted with the net procedure The field status of the document header fields "Document Header Text" and "Reference Number" Account types which is not permitted for postings.
The following rules apply for the calculation of the baseline date: Which one is False ? (pg 214) Document date No default Posting date Default Entry date.
The automatic clearing program does not clear: Which statements are correct? (pg 275) Open items Down payments can not be cleared if down payment clearing items of the same amount have already been posted. items with withholding tax entries Noted items Statistical postings and certain special G/L transactions relating to bills of exchange.
Which statements are correct? (pg 282) Documents with open items cannot be archived because open items represent incomplete transactions. A clearing document must have at least two line items. The automatic clearing program (SAPF124) cannot carry out automatic postings. Documents with open items cannot be archived because open items represent incomplete transactions. Clearing a credit memo with an open invoice is an example of account clearing. Posting a payment for an open invoice with a resulting zero balance is an example of posting with clearing.
Which statements are right?(pg 451) A company code can be assigned several wokflow variants. A task can be assigned one possible processor only. It is possible to design multilevel workflow sequences. The same workflow variant can be assigned to several company codes. Parked documents cannot be completed, changed, posted or deleted at a later point of time.
The customer/vendor tolerance groups provide specifications for: Which statements are correct? (pg 302) Clearing transactions Permitted payment differences Upper limits for posting transactions Posting residual items from payment differences Tolerances for payment advice notes.
What happens when a parked document is turned into a “proper” document? (pg 422) The usual inspections are performed when posting documents A normal complete Financial Accounting document is created The document number change. The transaction figures are updated. The parked document is deleted after creating a normal FI document. The document number of the parked document becomes the number of the posted document.
In Customizing, mySAP ERP delivers the following default values: Which statement is False? (pg 125) For G/L account posting: "Debit" is posting key 40, "credit" is posting key 50. For customer invoices: "Debit" is posting key 01, "credit" is posting key 50. For one time customer invoices: "Debit" is posting key 10, "credit" is posting key 50. For vendor invoices: "Credit" is posting key 31, "debit" is posting key 40.
Which statements are correct? (pg 185) To enter the different business transactions in accounting, the system offers you predefined document types and posting keys in the configuration If you have already entered a document, for the next document, the system proposes the company code that you entered in the last document. The system do not uses the document principle: The balance of a document must be zero before it can be posted. The system provides you with basic default values for document entry. For example, during document entry, the current data is proposed as the posting date.