Test title:
Test SAP TFIN50 Part 1 of N (Ver. 2006 Q2)
Description:
Financial Accounting 1 (FI)
Author:
EdoHur
(Other tests by the same author)
Creation Date:
9/13/2007 12:28:03 PM
Category:
Computers
Number of questions: 100
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Content:
UNIT 1 - Basic settings - Pag. 3
Some of the organizational units are optional. These are.. Client, Business area Company, Business area Client, Company code None of the options.
UNIT 1 - Basic settings - Pag. 5
To create a company code you can use the "Copy Company Code" function. This copies... Definitions Global parameters Customizing tables General ledger accounts (if desired) Account determination Account definition Fiscal year.
UNIT 1 - Basic settings - Pag. 6
To define a company code some data must be entered. 4 character company code key Company name City Country Language Currency Global Parameters (Chart of accounts, Fiscal year, CoCod defaults) Country templates.
UNIT 1 - Basic settings - Pag. 6
To define a business area you only enter a two digit alphanumeric key and a short description. True False.
UNIT 1 - Basic settings
How many company codes can you define ? 1 2 1000 1 million N.
UNIT 1 - Basic settings - Pag. 8
The country installation program should only be run in an upgrade installation. False True.
UNIT 1 - Basic settings - Pag. 15,16
The variant principle is a 3 step method used in the SAP system to assign particular properties to one object only. True False.
UNIT 1 - Basic settings - Pag. 18
You define the fiscal year as a variant that is assigned to the ... company code client business area master variant company.
UNIT 1 - Basic settings - Pag. 19
If the posting period falls within the last normal posting period, you can not post the transaction in any of the special periods. False True.
UNIT 1 - Basic settings - Pag. 19
The fiscal year variant clearly specifies wether a period is open or closed. The fiscal year variant defines, among other things, the number of periods and their start and finish dates. False True.
UNIT 1 - Basic settings - Pag. 18
The fiscal year can be defined as... Year independent Year-specific Shortened fiscal year Calendar year Non-calendar year.
UNIT 1 - Basic settings - Pag. 18
Posting periods Special periods Year-Independent Year-Specific.
UNIT 1 - Basic settings - Pag. 25
The predefined fiscal year variants are
Calendar year 01, K0, K1, K2, K3, K4
Year-specific AA, AM, R1, UL, WK False True.
UNIT 1 - Basic settings - Pag. 31
A currency key must be assigned to every currency used. This means that currencies are defined by means of a currency key. True False.
UNIT 1 - Basic settings - Pag. 3
All the currencies in the world are already defined in the SAP System with standard international currency keys. False True.
UNIT 1 - Basic settings - Pag. 31
The different exchange rates can be used for various purposes. These are.. Valuation Conversion Translation Planning Inflation Relation.
UNIT 1 - Basic settings - Pag. 31
The relationship between currencies must be maintained per exchange rate type and currency pair using translation ratios. True False.
UNIT 1 - Basic settings - Pag. 32
These tools reduce maintenance on exchange rates. Inversion (Seldom used today) Base currency Exchange rate spreads Direct quotation Indirect quotation.
UNIT 1 - Basic settings - Pag. 33
You can use the average rate (M) and the exchange rate spreads to calculate the buying and selling rates (B and G) False True.
UNIT 1 - Basic settings - Pag. 34
Which are true? A base currency can be assigned to an exchange rate type A translation between two foreign currencies is calculated via the base currency You can use more than one base currency per exchange rate type.
UNIT 1 - Basic settings - Pag. 35
According to the definition of Direct/Indirect quotation of Exchange Rates. A- Direct quotation
Units of foreign currency per units of local currency B- Indirect quotation
Units of local currency per units of foreign currency C- Options A and B D- None.
UNIT 1 - Basic settings - Pag. 37
The standard prefixes for direct and indirect quotations are respectively "" (blank. without a prefix) and "/" "*" and "/".
UNIT 1 - Basic settings - Pag. 31
In mySAP ERP currencies are defined using ____________________.
UNIT 1 - Basic settings - Pag. 33
The 3 commonly used exchange rate types are (M) average rate (G) Buying rate (B) Bank selling rate Exchange rate Exchange Rate Spreads.
UNIT 2 - Master Data - Pag. 48
Mark the 3 steps to create and use a chart of accounts Define the chart of accounts Define the properties of the chart of accounts Assign the chart of accounts to company codes Define the asset chart of accounts Create the sub-ledger accounts Create the reconciliation accounts.
UNIT 2 - Master Data - Pag. 48
You define the individual components of a chart of accounts, for example, Language Length of the account number Group chart of accounts Status.
UNIT 2 - Master Data - Pag.49
The group account number you assign to each G/L account can be used for cross-company code reporting if the company codes use different chart of accounts False True.
UNIT 2 - Master Data - Pag.49
You can use a chart of accounts that is not yet completed True False.
UNIT 2 - Master Data - Pag.49
You can get a directory of the G/L accounts in your chart of accounts via report RFSKPL00 True False.
UNIT 2 - Master Data - Pag.50
Mark the right one(s) Every company code must have a chart of accounts assigned to it One chart of accounts can be assigned to several company codes Different company codes can not use the same chart of accounts If company codes intend to use cross-company code controlling, they must use the same operational chart of accounts The chart of accounts is a variant.
UNIT 2 - Master Data - Pag.51
The basic information for an account is summarized in a __________________ segment.
UNIT 2 - Master Data - Pag.51
The chart of accounts segment contains in summary Account number Name of the account (Short and long text) Control fields Consolidation fields Maintenance language.
UNIT 2 - Master Data - Pag.52
The information entered In a chart of account segment for a G/L account applies to all company codes False True.
UNIT 2 - Master Data - Pag.52
Mark the right combination
1- The info you enter in the chart of accounts segment has to be entered only once.
2- You can display text by using the report "Account Assignment Manual" (RFSKTH00)
1- Keywords are intended for searching account numbers.
2- You can change the layout of the tab pages for the individual processing of G/L account master data.
UNIT 2 - Master Data Pag. 53
You must create a company code segment in order to use one of the accounts assigned from the chart of accounts in your company. False True.
UNIT 2 - Master Data - Pag.53
Both the chart of accounts segment and the company code segment form the account. True False.
UNIT 2 - Master Data Pag. 54
The relevant information you define for each company code in the CoCod segment is Currency Taxes Reconciliation account Line item display Sort key Field status group House bank Interest calculation info.
UNIT 2 - Master Data Pag. 55
Because the number and name of the account is maintened in the chart of accounts, the account must have different name and number in all assigned Company codes. False True.
UNIT 2 - Master Data Pag. 55
In the chart of accounts segment you have to specify wether the account is a Balance Sheet or a P/L statement account. False True.
UNIT 2 - Master Data Pag. 56
The Balance Sheet accounts and the P/L statment accounts have the same treatment in the closing procedure True False.
UNIT 2 - Master Data Pag. 56
There can be more than one retained earnings account. False True.
UNIT 2 - Master Data Pag. 56
Check the wrong one(s) Number intervals for G/L accounts master records can not overlap You can group different types of accounts into different account groups To enter the account group in the chart of accounts segment is optional The account group controls the appearance of the company code segment of a G/L account.
UNIT 2 - Master Data Pag. 57
The field status allows you to control the display and maintenance of an account´s master data True False.
UNIT 2 - Master Data Pag. 58
The status of the fields "Account Currency" and "Field Status Group" can be changed because this fields are always required True False.
UNIT 2 - Master Data Pag. 58
In the field status for master data the priorities are Hide, Display, Required entry, Optional entry Required entry, Hide, Display, Optional entry Optional entry, Required entry, Hide, Display Display, Optional entry, Required netry, Hide.
UNIT 2 - Master Data Pag. 59
Reconciliation accounts are G/L accounts assigned to the business partner master records to record all the transations in the sub-ledger. True False.
UNIT 2 - Master Data Pag. 59
All postings to the subledger accounts are deferred to be posted later to the assigned reconciliation accounts True False.
UNIT 2 - Master Data Pag. 59
You define a reconciliation account by entering one of the following account types in the field Reconciliation Account Type D for Accounts Receivable, K for Accounts Payable P for Accounts Payable, R for Accounts Receivable AP for Accounts Payable, AR for Accounts Receivable.
UNIT 2 - Master Data Pag. 59
You can post amounts directly to reconciliation accounts False True.
UNIT 2 - Master Data Pag. 60
The balance of an account is the difference between the debit and credit transaction figure. True False.
UNIT 2 - Master Data Pag. 60
Check the right one(s) The "Line Item Display" field is a control field in the company code segment of an account For accounts without "line item display", the most important data is stored in a special index table. For accounts with "line item display", only the transaction figures are updated when documents are posted to these accounts.
UNIT 2 - Master Data Pag. 61
Since the line item display takes up additional system resources, you should only use it if there is no other way of looking at the line items. You shoul not activate it for
Reconciliation accounts Revenue accounts Material stock accounts Tax accounts P/L Statement.
UNIT 2 - Master Data Pag. 61
Items in accounts with open item management can be Open Cleared Uncleared Unposted.
UNIT 2 - Master Data Pag. 61
Open item management is a prerequisite if you need to check whether there is an offsetting posting for a given business transaction True False.
UNIT 2 - Master Data Pag. 62
You should use open item management for the following specific accounts Bank clearing accounts Clearing accounts for goods receipt/invoice receipt Salary clearing accounts P/L accounts and Balance sheet accounts.
UNIT 2 - Master Data Pag. 62
The account currency can be the Local currency Foreign currency.
UNIT 2 - Master Data Pag. 62
Check the right one(s) If the account currency is the local currency, the account can be posted to in any currency If the account currency is the foreign currency, the account can be posted to in both local and foreign currency.
UNIT 2 - Master Data Pag. 63
About the "Only balances in local currency" checkbox If set, transaction figures are only managed for ammounts converted to the local currency It is usually set in balance sheet accounts that are not managed in foreign currencies and not managed on an open basis It must be set in cash discount and GR/IR clearing accounts It must be set in reconciliation accounts for customers and vendors.
UNIT 2 - Master Data Pag. 64
Accounts with a foreign currency as the account currency can only be posted to in this foreign currency. True False.
UNIT 2 - Master Data Pag. 64
You can create the chart of accounts in 3 ways Manually Copying Data Transfer OLAP OLTP.
UNIT 2 - Master Data Pag. 65
You can collectively change the following info in the chart of accounts Chart of accounts segment Company code segment Description.
UNIT 2 - Master Data Pag. 66
Changes to existing G/L accounts are effective as soon as they have been saved and pose no risk, therefore it is not necesary to check the changes before saving. True False.
UNIT 2 - Master Data Pag. 66
Cross-company code reporting is not useful for internal purposes False True.
UNIT 2 - Master Data Pag. 67
For internal reporting purposes a financial statement version of the group chart of accounts must be used True False.
UNIT 2 - Master Data Pag. 67
Because the company codes use different operational chart of accounts, it is not possible to carry out cross-company code controlling. This is a disadvantage of using th same operational chart of accounts for internal reporting. True False.
UNIT 2 - Master Data Pag. 68
Accounting clerks who may be familiar with the country chart of accounts will first have to get used to the operational chart of accounts. This is a disadvantage of using th same operational chart of accounts for external reporting. True False.
UNIT 2 - Master Data Pag. 79
Name the possible field status definitions in order of their priority. (Use no spaces after commas and don´t worry about upper or lower case).
UNIT 2 - Master Data Pag. 79
Reconciliation accounts are updated on a daily basis. False True.
UNIT 2 - Master Data Pag. 79
You can always display the line items of a G/L account True False.
UNIT 2 - Master Data Pag. 79
G/L accounts with open item management must have line item display True False.
UNIT 2 - Master Data Pag. 79
The _____________ controls the field display for the company code data in the G/L account master record.
(Dont´t worry about upper or lower case).
UNIT 2 - Master Data Pag. 80
G/L accounts that are managed in local currency can only be posted to in this currency. False True.
UNIT 2 - Master Data Pag. 80
G/L accounts that are managed in foreign currency can only be posted to in this foreign currency. True False.
UNIT 2 - Master Data Pag. 80
Because the company codes use different operational chart of accounts, you cannot carry out cross-company code controlling. True False.
UNIT 2 - Master Data Pag. 82
The Accounting view of the customer/vendor account is General data at Client Level that can be accesed troughout the whole organization Segment at Company code Level with specific company-code data.
UNIT 2 - Master Data Pag. 82
The sales view of the Customer Account General data at client level Sales area segment (Sales area-specific data).
UNIT 2 - Master Data Pag. 82
The sales view of the Vendor Account General data at client level Purchasing organization segment (Purchasing organization specific-data).
UNIT 2 - Master Data Pag. 85
The 3 elements that complete a customer account are General data at the client level Company code segment Sales area segment Purchasing organization segment.
UNIT 2 - Master Data Pag. 85
The 3 elements that complete a vendor account. General data at the client level Company code segment Purchasing organization segment Sales area.
UNIT 2 - Master Data Pag. 85
The account number to the customer/vendor is assigned at Client level Company code level Company level Business area level.
UNIT 2 - Master Data Pag. 86
There are 2 separate functions for maintaining customer/vendor records Centrally for all areas Separately for Financial Accounting and Sales and Distribution Internally for all areas Externally for Financial Accounting and Sales and Distribution.
UNIT 2 - Master Data Pag. 88
To find and correct incomplete or duplicate customer/vendor master records you can run reports RFDKAG00 "Customer Master Data Comparison" RFKKAG00 "Vendor Master Data Comparison" RFDZAG00 "Customer Master Data Comparison" RFKZAG00 "Vendor Master Data Comparison".
UNIT 2 - Master Data Pag. 88
The creation of duplicate accounts can be prevented Using the matchcode Activating the automatic duplication check Using the report SAPF101 before creating the account.
UNIT 2 - Master Data Pag. 89
You can create new customer/vendor master records with reference to an existing master record True False.
UNIT 2 - Master Data Pag. 90
The IBAN number can be entered in a vendor/customer master only if the business partner provides the number and requests the entry. True False.
UNIT 2 - Master Data Pag. 90
The IBAN number can be entered automatically in each master record by means of a batch input. False True.
UNIT 2 - Master Data Pag. 91
When a customer/vendor record is created the account group has to be entered in the initial screen. True False.
UNIT 2 - Master Data Pag. 91
In Financial Accounting, in most cases, once the customer/vendor account has been crated it is possible to change the account group. False True.
UNIT 2 - Master Data Pag. 92
There are no separate number ranges for customer and vendor accounts and these number ranges can overlap. True False.
UNIT 2 - Master Data Pag. 92
Each number range for customer/vendor accounts can be assigned to one or more account groups True False.
UNIT 2 - Master Data Pag. 92
One-time customers/vendors master records have one master record for each customer/vendor False True.
UNIT 2 - Master Data Pag. 92
A One-time customer/vendor master record does not contain any information about a specific customer/vendor. Because this account is used for more than one customer/vendor. True False.
UNIT 2 - Master Data Pag. 93
The account group is not used to control the fields displayed in the master record of a customer/vendor. False True.
UNIT 2 - Master Data Pag. 94
In contolling the field status of a customer/vendor master data the layout of the screens can be affected by several factors Account group-specific control Transaction-specific control Company code-specific control.
UNIT 2 - Master Data Pag. 95
In the Dual Control Principle one person makes changes to customer/vendor master data while another takes reponsibilty for those changes true False.
UNIT 2 - Master Data Pag. 96
The customer/vendor master record can be displayed for all accounts using RFDABL00 for customers and RFKABL00 for vendors SAPF100 for vendors SAPF101 for customers.
UNIT 2 - Master Data Pag. 96
If a customer is also a vendor, or vice versa, the payment and the dunning program can not clear items against each other False True.
UNIT 2 - Master Data Pag. 97
When you enter an alternative payer/payee at client and company code level, the entry in the company code level has higher priority than the entry at client level True False.
UNIT 2 - Master Data Pag. 97
If you enter an alternative payer, the amount to clear the due open items in the account is paid by the alternative payer. True False.
UNIT 2 - Master Data Pag. 97
If you enter an alternative payee, the amount to clear the due open items in the account is paid by the alternative payee. True False.
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