Which of the following objects can you post to via the cash journal?
There are 2 correct answers to this question. Customer Material master Accrual Engine One-time customer Asset master.
Which of the following is a typical sequence of steps in a Purchase to Pay process?
Please choose the correct answer. Purchase requisition -> Goods issue -> Purchase verification -> Invoice receipts -> Payment Purchase order -> Purchase requisition -> Goods receipt -> Invoice verification -> Payment Purchase requisition -> Purchase order -> Goods receipt -> Invoice verification -> Payment Purchase requisition -> Goods verification -> Purchase receipts -> Invoice receipts -> Payment.
Your customer wants all items that are posted to their customer account to be transferred to their headquarters automatically.
Which function do you have to use to fulfill this requirement?
Please choose the correct answer. Receivables reclassification Alternative Payer/Payee Head office and branch account One-Time account.
Which of the following lists can be printed to help you edit a dunning proposal?
There are 2 correct answers to this question. Condensed master data Blocked line items Blocked accounts Sales statistics.
Which of the following activities generates an FI document if real-time integration between CO and FI has been set up? There are 2 correct answers to this question. An assessment between cost centers that belong to two different company codes A subsequent change of a segment in a CO document An assessment between cost centers in one company code with different functional areas A distribution between cost centers that reside in two different controlling areas A test run for the settlement run of an asset under construction to a G/L account.
How can the short text field of a G/L account be changed?
Please choose the correct answer. Centrally, in the chart of accounts segment By making sure that the field status of the chart of accounts segment allows it By making the change at the start of a new fiscal year Individually, in the company code segment.
Special G/L transactions can be divided into which types?
There are 3 correct answers to this question. Interest Noted item Automatic offsetting entry Value adjustment Free offsetting entry.
What options do you have for posting an asset acquisition?
There are 3 correct answers to this question. Asset acquisition using a clearing account Asset acquisition posted from Materials Management Asset acquisition posted via the payment program Asset acquisition integrated with accounts payable Asset acquisition posted via the accrual engine.
Of the items listed below, which are NOT features of Configuration?
There are 2 correct answers to this question. Generate Blueprint Project Documentation Transport Change Requests Test Case Assignment Configure IMG Objects.
your compant code uses USD as the company currency. You are trying to post to an account in EUR but get an error message that you cannot post to this account.
What is the reason?
Please choose the correct answer. the Only Balances in Local Currency indicator is set in the account the translation rate between EUR and USD is NOT maintained the account determination for exchange rate differences is missing for the account the currency maintained in the account master record is USD.
You have posted an incorrect amount in Financial Accounting. How can you correct this?
There are 2 correct answers to this question. Change the amount in the posted document. Delete the document. Use a substitution to change the incorrect amount. Reverse the document by negative posting. Reverse the document by normal reversal posting.
Which of the following items can you assign directly to the asset master record on the Time-Dependent tab?
Please choose the correct answer. segment Evaluation group useful life quantity.
Your customer wants to use the Closing Cockpit for period end closing. What major benefits of the Closing Cockpit do you highlight?
There are 2 correct answers to this question. It optimizes legacy data transfer. It provides complete documentation of the activities performed during period-end closing. It closes the posting period automatically on the last day of the period. It enables the use of a task list covering all closing activities.
During period end closing, the G/L accounting clerk posted a document with an incorrect account assignment. The clerk discovered the problem immediately after posting and wants to know how to reverse the document so that it does not affect debit and credit balances.
Which reversal code does the clerk need to use?
Please choose the correct answer. actual reversal in closed period reversal in current period actual reversal in current period reversal in closed period.
which elements do you define when you create a new document type?
Note: there are 2 correct answers to this question reasons for reversal number range for the document type account types allowed for posting posting keys for the document type.
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?
Please choose the correct answer. The Text field is hidden. The document is posted. An error message is shown. A warning message is shown.
A multinational enterprise acquires a company in a country which has local reporting requirements. The multinational enterprise wants to use one operational chart of account for all companies.
How can you fulfill this country-specific requirement ?
Please choose the correct answer. Create a country-specific chart of accounts and assign it to the group chart of accounts. Create a country-specific chart of accounts and assign it to the company code. Create a country-specific chart of accounts and assign it to the regular chart of accounts. Create a group chart of accounts and assign it to the company code.
Which Customizing settings can you make for payment terms?
There are 3 correct answers to this question. Determine that invoices are locked for payment Determine a default payment method for the line item Determine that invoices are locked for dunning Determine a default currency code for the header of the accounting document Determine whether a payment term is valid only for the vendor, only for the customer, or for both customer and vendor.
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?
There are 2 correct answers to this question. Field status definitions of company codes Field status definitions of activities Field status definition of the assigned reconciliation account Field status definitions of account groups.
While posting a G/L document, two different field statuses (for the posting key and the G/L account) have an impact on the posting.
What happens if one field status is set to Required Entry and the other one to Hidden Entry ?
Please choose the correct answer. An error message will occur. The document can be posted anyway. The field will be available for entry. The field will be hidden.
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