Title of Test:
Test SAP TFIN 50 Part one (still wip)
Description:
This is for Cathie, good luck Friday! x Hope it helps others too!
Author:
PFP
(Other test by the same author)
Creation Date:
11/16/2008 10:31:54 AM
Category:
Others
Number of questions:58
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Content:
You can assign a business area to a company code directly True False.
Which of the following is copied from an existing company code in order to create a new company code? Tick all that apply: Definition Global parameters Account determination Customising tables Accounts and the company code.
What information is contained within the company code? Tick all that apply: Language key Currency Chart of depreciation Company address Country key Company code key.
Business areas are defined at client level, and they are then assigned to a company code? True False.
A country template contains the following : tick all that apply Cross-application such as calendars FI data such as taxes, payment programs etc Controlling information such as cost elements, profit centres etc.
The variant principle is used for? Tick all that apply: Field status Fiscal years Currency determination Posting periods Defining local language.
If a fiscal year is 'year independent' it can be defined as? Having periods that vary from year to year The number of periods and their start and end dates are the same for every year?.
A 'year independent' fiscal year variant can be defined as? Being a calendar year Being a non-calendar year Being a calendar year or a non-calendar year None of the above.
The following is true of exchange rate types? Tick all those that apply: B = Bank buying rate M = currency translation during posting G = Buying rate G = Selling rate B = selling rate.
It's not mandatory to assign a currency key to every currency? True False.
Inversion is the standard way SAP defines the relationship between currencies? True False.
Direct quotation is where? One unit of local currency is quoted for the foreign currency One unit of foreign currency is quoted for the local currency.
Which of the following are tools that SAP uses for maining the exchange rates? Tick all that apply: Exchange rate spreads Inversion Exchange rate fluctuations Base currency Bank average rate.
Which of the following statements are true in respect of the chart of accounts The length of the G/L account numbers can be between 1 to 10 digits? A chart of accounts that is not complete can be blocked so that no company code can use it. The maintenance language is the language used to maintain the account descriptions. A chart of accounts can be used once it is assigned to a company code.
A complete GL account comprises of? A chart of accounts segment At least one company code segment A chart of accounts segment and at lest one company code segment.
Account groups: Control the number areas Group accounts of the same currency type together Group accounts of the same type together Control the field status.
The field status enables you to to? Hide unused fields Display depreciation status Display required fields Display optional data fields Display fields who's values cannot be changed.
Which of the following subledgers are connected to the GL via reconciliation accounts? Accounts receivable Contract accounts receivable and payable Assets Accounts payable.
Which of the following statements are true? All postings to the sub-ledger accounts are automatically posted to the assigned reconciliation accounts. The reconciliation account types are:
D for Accounts Payable
K for Accounts receivable The line item display for an account, can be activated after the account has been posted.
Which of the following line items can be displayed in a GL Account? Open items Parked items Archived items Noted items Cleared items.
Which of the following type of accounts should you not activate the line item display? Tax accounts Material stock accounts Reconciliation accounts Revenue accounts.
Which of the following statements are true? You cannot change the currency of an account, once it's been posted too? An account currency can be either the local currency or a foreign currency? If the account is in local currency, it can only be posted too in local currency? If the account is in a foreign currency, it can be posted too in any currency?.
Which of the following statements is true? If 'only balances is local curreny' checkbox is set, then transaction figures are only managed for amounts converted to the local currency, irrespective of whether the local currency was set as the default currency? When copying a new chart of accounts in SAP, It is possible to copy the new chart of accounts from an external system, as well as from SAP? When creating a new chart of accounts, it must be done in two stages, 1. create the chart of account segment, 2. create the company code segment? You can copy the entire chart of accounts, including account determination, to the new chart of accounts?.
The mySAP ERP system provides collective processing functions for the GL account master records. Consider that statement, then determine which of the following statements are true: The master data in the chart of accounts segment and in the company code segment can be changed? You can change the names of GL accounts, and they can come from from different chart of accounts? You cannot change the values of fields displayed? Changes made to GL accounts could have far reaching consequences, so they are not effective immediately but are saved by SAP for review before being updated after the next system back up?.
Group accounts. Which of the following statements are corect for group accounts? If you use different operational chart of accounts in different company codes, internal reporting is OK, but external reporting is not? A group chart of accounts must be assigned to each operational chart of accounts, and a group account number field becomes a required entry field? You must use the financial statement version for the group chart of accounts? Using the financial statement version ensures that you can carry out cross-company code controlling? In order to fulfill the country specific requirements for external reporting, a different country chart of accounts is assigned to the company codes?.
GL Accounts. Determine which of the following statements are false? Reconciliation statements are updated on a daily basis GL accounts with open item management must have line item display? You can always display the line items on a GL account GL accounts managed in local currency can be posted to in any currency?.
Which of the following is correct in respect of a sales area? It is a combination of: Sales organisation, division, product line Sales organisation, product line, accounts receivable team Sales organisation, distribution channel, division Sales organisation, division, product line, accounts receivable.
Which of the following statements are true? A complete vendor account comprises of: General data at the client level, Company code segment and Purchasing organisation segment? Customer master records must be maintained centrally for all area's? Duplication of master records can largely be avoided by using the matchcode function and the automatic duplication check. Report RFKKAG00 can be run in order toi find and correct incomplete Customer Master records?.
Which of the following statements is true? The IBAN is comprises of a maximum of 34 alpha numeric characters and is structured the same for every country? SAP uses the IBAN in addition to the country-specific bank details? The IBAN must be entered manually for every customer record? SAP can generate country specific bank details for certain countries after the IBAN has been entered.
Account groups control the following: tick those you believe to be true: The account number range For vendor accounts the account group only controls the external number assignments? Account groups control the field status of the account screens? The account groups control the use as a one time account?.
Which of the following are true? Tick all that apply: House banks are those used by the company? You can have up to 9 house banks, provided each one has a house bank ID assigned to it? The payment program uses the house bank ID and bank types to determine the bank to be used? Bank master data can be created from customer or vendor master records.
Which of the following are true? Tick all that apply: In SAP the document principle means that a document is saved for every posting? Every document is uniquely identified by:
1.Document number, 2. Company code, 3. Fiscal year The Document Type is the control key for the document header? The Posting key is the control key for line items?.
Which of the following are true? Tick all that apply: Document types are defined at client level and are valid for all company codes? Document type controls the document header? Document types define number ranges and account types permitted for posting? Document types define what invoices are posted with the net procedure? You can use external document number assignments to reverse documents? .
Which of the following are true? Tick all that apply: Posting keys are defined at company level? The posting key, amount and account fields are required entry fields and their staus cannot be changed? The system determines the field status depending on the account type? The field status for a document is determined by: Account type, Field status of the posting key and Field status of the account?.
Which of the following are true? Tick all that apply: You can have open as many posting periods as you want? During closing two period intervals must be open at the same time? Special periods must be closed before postings are made in the new Fiscal Year? Special periods can be assigned to any posting period?.
Which of the following statements are true? Tick all you think are true: Each company code code must have a tolerance group 'Blank' as a default group for employees who are not explicitly assigned to another group/ A tolerance group can only be assigned to one company code? Each employee can be assigned to as many tolerance groups as required? Within the tolerance group, maximum amounts can be per document or per open item? .
Which of the following statements are true? All document changes are logged and can be displayed? When a document is changed, it receives a new number? You can change certain fields in the document header? In order to protect the validity of the original posting, you cannot change Line Items?.
Which of the following conditions for changing a field are correct? Tick all you think are true: The posting period is still open? The document is a credit memo for an invoice. The document is not a credit memo from a down payment. The line item is not yet cleared The line item is either a debit in a customer a/c or a credit in a vendor a/c.
Terms of payment are not used to define? The baseline date for due date calculation. The tolerance amounts for the group. To define cash discount periods. To define cash discount percentage rates.
Which of the following statements on terms of payment, are correct? Terms of payment can be entered in the company code segment? Terms of payment can be entered in the Sales or Purchasiong organisation segments? If the invoice is created in Financial Accounting the terms of payment are determined by the company code segment and can't be changed? If the invoice is created in S & D, the terms are automatically transferred to Financial Accounting?.
Which of the following are true? If no invoice reference is entered when a credit memo is posted, any terms of payment entered will have no effect? If terms of payment entered in a credit memo without reference are to be valid, then a V must be entered in the invoice reference field? In dunning, an invoice related credit memo is only offset when the invoice is due? You use the 'hold' key to stop line items for payment during posting?.
Which of the following are true? Tick all that apply? You can still change the cash discount, after you've posted the invoice ? The day limits define the dates of the cash discount periods? Every installment must have its own terms of payment? The baseline date is used to determine the due date of the invoice?.
Reports for financial statement analysis are based on versions defined in Financial Accounting. You can use these reports to carry out multiple variance analysis reports based on actual data and plan? True False.
Key figure reports only take into account the financial statement items required for the calculation of specific key figures? True False.
The Balance display shows only the account balance? True False.
Characteristics specify the classification options for the dataset. Which of the following are considered as valid characteristics in SAP? Tick all you think are characteristics: Fiscal year? Company code? Business area? Plan/actual indicator? Period.
In SAP reporting, a combination of characteristics and characteristic values vis generally known as an object? True False.
In SAP there are different types of list for displaying information. Which of the following are considered types of list? Tick all you think are correct: Detail list Characteristics list Drilldown list Detailed Trial balance list.
In reporting form types, which of the following statements is true? Single-axis form with key figure displays an empty list with columns Dual-axis form with key figures displays a list containing empty columns but defined data in rows. A single-axis form without key figures displays an empty list with columns A dual-axis form displays an empty list containing rows and columns.
Which of the following are correct in respect of reporting? If you want to switch from the drilldown list to the detail list in a report, you chose the detail list symbol. The selected rows then change colour? If you want to return to the basic list from the detailed list, you chose the YY symbol? In report definition, once you've entered the characteristic values via the 'Sort Characteristics' you cannot re-sort them? In order to generate more flexible data evaluations online, you must use the report interface and link individual reports?.
SAP supplies country specific versions of the asset history report, in addition the user can define their own reports but they cannot be bigger in size than 10 rows / 8 columns? True False.
Which of the following are the advantages of the New GL, according to SAP? The New GL has:- An extended data structure as standard? Document splitting can be carried out in real-time? The reconciliation of CO and FI can be carried out daily? The New GL allows management of multiple ledgers within GL accounting?.
A scenario defines which fields are updated in the GL view, during a posting from other application components. Which of the following scenario's are provided as standard by SAP? (1 of 2) Cost centre update? Currency update? Preparation for consolidation? Cost-of-sales accounting?.
A scenario defines which fields are updated in the GL view, during a posting from other application components. Which of the following scenario's are provided as standard by SAP? (2 of 2) Business area? Profit centre update Depreciation update? Segmentation?.
The scenario's delivered are all that is available. You cannot define your own scenarios? True False.
Which of the following is true? The leading ledger can be assigned one or more scenario's or even all at once if required? You do not need a ledger for each scenario? Scenario's must also be assigned to non- leading ledgers? Multiple non-leading ledgers are useful for portraying accounting in accordance with different accounting principles?.
The new GL has two views, the entry view and the GL view. Which of the definitions given below is correct for these two views? The GL view is a view of how the document appears in the scenario's assigned to it? The GL view is the view is how the document appears (only) in the GL? The Entry view is how the document appears in AP/AR/AA etc subledgers? The Entry view is how the document appears in the GL and the subledgers.
If you chose not to assign scenario's to to a ledger, segment balance sheets will not be possible? True False.
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