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ERASED TEST, YOU MAY BE INTERESTED ONC_TFIN52_67 MOCK 2

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Title of test:
C_TFIN52_67 MOCK 2

Description:
C_TFIN52_67 MOCK 2

Author:
AVATAR

Creation Date:
23/08/2018

Category:
Others

Number of questions: 80
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Existing book depreciation key M010 has been posted from January to March during the monthly depreciation run. From April 1st new depreciation engine Y020 will be used, How you implement the changes? Select 2 Undo the depreciation postings of current year then change depreciation areas Create new asset reference and update with new depreciation area. Perform asset transfer from asset M010 to asset M020 Change depreciation key from M010 to M020 and change the depreciation ordinary start date 1st April At the depreciation screen, change key to M020 with validity start date April 1st.
When posting an asset sale with customer, select 2 item must consider: Must manually post the P&L amount Must post against asset with acquisition Must specify asset value date Must use posting key 75 and select asset sale.
During configure dunning procedure, what else we can configure? Select 3 Currencies Bill of Exchanges Grace periods per line item Key for the dunning procedure to be used Interest calculator indicator for calculation of dunning interest.
When we define the dunning charges, what will we specified? Choose 2 Minimum amount for dunning charges Dunning charges for each level Print parameter Key for the dunning procedure.
What define payment run in SAP? Payment date Payment run Identification ID Run Date Payment run posting date.
Default payment run document type is entered at which level? Paying company code configuration Payment method in country Payment method in company code Sending company code configuration.
Payment method in company code we also need to define 3: Minimum Amount allowed Foreign currency allowed Bank abroad payment allowed Printing program.
In paying company code we also will define 2: Minimum amount for incoming Maximum amount for incoming Minimum amount for outgoing Maximum amount for outgoing.
In One payment run, it can be executed for All company codes in the client All company codes in client with same vendor All company codes in client in same country All company codes in client with same payment method.
Which of the following are possible 3 reasons that invoice has not been paid: Invoice has debit balance Discount expired Payment amount less than minimum amount specified Invalid house bank.
3 activities which will be performed during payment run System assigns check numbers to the payment document System supplies print program with necessary data System makes postings to G/L and Sub ledger System clears open items.
Which of the following fields do you use to maintain data in the customer and vendor master records fields for dunning? Choose 3 Dunning Area Currency Legal Dunning Dunning Clerk.
Which of the following are the characteristics included in general ledger drill down reports? Select 3 Total debit balances Segment Company Code Business Area.
Select 3 correct statements about Financial Statement Version report: SAP system allows user to create many versions of financial statement as required FSV cannot be prepared at business area level FSV to be created at segment, business area and company code level FSV provide standard P&L and BS report.
Invoices that are cleared will be, select 3 : Update with clearing date Updated with clearing document Updated with clearing ID Updated with cleared status.
There are multiple groups to set the tolerance limit in SAP, choose 3 Balance type tolerance group Employee tolerance Customer tolerance group GL tolerance group.
Reason codes can be assigned to the following items. Choose 3 correct answers: Residual items Payment postings Difference postings Partial payment.
What define the payment term in SAP? Select 3 Allowed for vendor or customer or both Cash discount Payment type Default baseline date.
What does the year-end closing program do in Asset Accounting? Select 2 It opens new annual value fields for each asset It checks whether assets contain value or are incomplete It checks whether depreciation and assets are fully posted It checks whether the previous year has been closed in Financial Accounting.
Which of the following status symbols are used in customer and vendor line item lists? Select 3 items Open Parked Overdue Cleared Not due.
The head of accounts receivable requires that all items posted to individual customer accounts are posted to their headquarters. Which function do you have to use to fulfill this requirement? Please choose the correct answer. Cash management group Single bank Alternative payer/payee Head office and branch account.
What do the posting keys specify? Choose 3 correct answers Whether the accounts are allowed for posting Whether the line items are valid for a business transaction Whether the line items contain "credit" or "debit" values Whether the line item is connected to a payment transaction or not.
About the dunning program configuration, what controls how dunning is carried out? Please choose the correct answer Company Code Customer master record Dunning procedure Dunning texts.
Which of the following accounts are updated directly? Accounts in the group chart of accounts Accounts in the operating chart of accounts Accounts in the master chart of accounts Accounts in the country chart of accounts.
What do you define when you configure a dunning procedure? Dunning levels and dunning charges for each dunning level Dunning levels and account determination to post dunning interest Dunning charges for each dunning level and customers to be dunned Dunning levels and the language of the dunning note.
You configure the available amounts for bank accounts. What happens to these available amounts during the payment run? They are set to zero. They are not updated. They are updated automatically. They are updated automatically by bank statement.
When dealing with financial statement versions (FSVs), how do you ensure that the requirements of the various target groups (for example auditors, tax authorities, and banks) are satisfied? Create one FSV and enhance it with different sets of notes. Create one FSV and then save different variants based on the needs of the various groups. Create different versions of the same FSV. Create different FSVs based on the needs of the target group.
In a payment run, the data entered for a payment method in the document may differ from the master data. How does the system resolve this? The payment run temporarily stops, and the system prompts you to correct the data. After you have corrected the data, the payment run continues. The payment run stops and the system issues an error message. Master data overrides document data. Document data overrides master data.
What can we define for the "Payment Method / Country" section, in the payment program configuration? Select 3 Define the master record requirements, i.e. address required, for each payment method. Document types to be used for posting and clearing documents for each payment method. Define the permitted currencies for each payment method. Define payment term allowed for each country. Forms for payment advice and EDI.
Down payments can be posted using a special G/L transaction. What is the main benefit of this functionality? It posts down-payments to a reconciliation account that is different from that of ordinary payables and receivables. It shows data in the appendix of the balance sheet. It automatically creates the final invoice and clears down-payments against it. It automatically clears down-payment requests.
Which of the following is a typical sequence steps in Purchase to Pay process? Please choose the correct answer Purchase order, Purchase Requisition, Goods Receipts, Invoice verification , payment Purchase Requisition, Goods issue, Purchase verification, invoice receipts, payment Purchase Requisition, Goods verification, Purchase receipts, invoice receipts, payment Purchase Requisition, Purchase order, Goods receipts, invoice verification, payment.
Which characteristics of account determination can be used to assign realized exchange rate difference to different GL accounts? Select 3 Reconciliation account Chart of accounts Valuation method Currency Valuation Key.
Which interactive function is provided by SAP List viewer? Choose 1 correct answer Use of the report-report interface Create subtotals for specific values Creation of work lists Mass reversal.
You have posted an incorrect amount in FI. How can you correct this? Select 2 Change amount in the posted document Delete document Reverse the document Reverse with negative posting.
Which activity has an impact on the net book value of an asset? Choose 1 Change account determination Change the assigned cost center Change the useful life of asset Change the assigned WBS element.
Which of the following lists can be printed to help you edit a dunning proposal? Select 2 List master data Sales Statistics Blocked line items Blocked accounts.
You receive a payment where the difference from the posted invoice is larger than the stated tolerance limit. How can you deal with this? Select 2 Split the received payment so it will fall below tolerance limit Increase tolerance limit while posting Post the difference to an account assigned to a reason code Post the difference as residual item.
You are testing the payment program and the program proposal log hit error that vendor address is missing from master record. Where in customizing you can see this data set as required? Country data for the payment methods Company code data for payment methods Paying company code Bank account determination.
How does SAP support impairment posting? By using special depreciation keys By using work lists By using segment reporting New transaction codes for retirement.
Your customer wants to use the closing cockpit for period end closing. What major benefits of the closing Cockpit do you highlight? Select 2 Provides complete documentation of the activities performed during period end closing Enables the use of a task list covering all activities Closes the posting period automatically on the last day of the period Optimizes legacy data transfer.
Which 3 steps are necessary to run payment program? Configure open list Start proposal run/payment run Maintain parameter Schedule print.
The field status definitions from the account group and the transaction are considered for each field. The field status definition with the higher priority will be used. Which priority in sequence from highest to lowest is correct? Hide, Display, Required, Optional Display, Required, Optional, Hide Required, optional, hide, Display Optional, Hide, Display, Required.
What options do you have for posting an assets acquisition? Choose 3 Asset acquisition using clearing account Asset acquisition integrated account payable Asset acquisition posted from Materials management Asset acquisition via accrual engine.
What are the necessary element s for drilldown report? Form Variables Characteristics Report Header.
What is the control for assigning cost center to asset master data? Choose 1 Each asset master data can only be assigned to 1 cost center Each asset master data can be assigned with multiple cost center according to the department Multiple asset master data can use the same cost center Asset master data can be assigned to more than 1 cost center.
Asset class are created at which level? Client Company code Chart of Depreciation Segment.
What will be the impact to GL when we post an asset? No posting to GL account GL account not updated GL account updated Only Asset record updated.
Asset class created in SAP will be applied to all Company codes in the chart of depreciation Company codes in controlling area Company codes in the client with same chart of account Company codes in the client.
What are types of Chart of Accounts can be configured in SAP? Choose 3 Controlling area specific COA Group COA Operating COA Country-specific COA.
How you can differentiate payment made by cheque or cash? Using payment term specific for cheque Use payment method specific for cheque Inform user to enter word “cheque” Create new field for “cheque”.
You want to display your company computer equipment separately in balance sheet as it was included in Office Equipment asset class, how you go configure this? Create evaluation group to subdivide all assets of the class Create new asset class, and use the same account determination Create new account determination, using same asset class Create new asset class and new account determination.
Which of the following is mandatory to make G/L account accounts ready for posting? Please choose the correct answer A chart of account s segment and at least one company code segment A company code segment and at least one cost element A chart of accounts segment and at least one functional area A chart of accounts segment and at least one cost element.
In Asset accounting which object can be customized to determine sort level and summation level? Sort Variant Valuation area Sort Key Depreciation.
How you can avoid change reconciliation accounts in the customer’s master data? Please choose the correct answer The field status of the customer account group The field status of the activity The field status of reconciliation account The field status of the posting key.
In SAP we can have external and internal number range assignment. What is the special feature of external number range? The number ranges can be used across all company codes The number range can overlap The numbers can be alphanumeric The system issues the numbers automatically.
What are the benefits of using the accrual engine? Select 3 The accrual engine engine is client-independent The accrual engine calculates the accrual amounts automatically The accrual engine supports parallel accounting The accrual engine can correct accruals in the previous month even if period closed The accrual engine can simulate planned future accruals.
In vendor master data payment method updated as “C-cheque” but in document user also entered “E –electronic funds transfer”. What will be the impact to payment run? Master data will be priority Document data will be priority Payment run hit error Payment run will issue error log.
How to prevent duplicate vendors from being created? Choose 2 Activate message control for duplicate vendor check Activate master data comparison report Run vendor duplicate report Use match code to check whether the vendor exists.
In your leading ledger (ledger solution), balance sheets must be created for company codes and segments. Which Customizing settings do you need to make? (Choose two) Define a retained earnings account. Define two retained earnings accounts and assign them to your P&L accounts. Assign the Segment Reporting scenario to your leading ledger. Activate cost of sales accounting.
You have 3 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? Nine - one for each combination of house bank and bank account One for all postings Three - one for each house bank Three - one for each bank account.
Your customer runs an SAP system with New General Ledger Accounting activated. They want to run a valuation of accounts receivable that are posted in foreign currency. What do you have to do? Set up a new exchange rate type and assign it to a valuation method. Assign a valuation method to all customer master records that you want to valuate. Set up a valuation method and assign it to a valuation area. Set up the Valuation Cockpit to perform this task.
You entered a G/L account posting and received an error message saying that account type D (customer) is not allowed. Which object causes this error? Currency key Tolerance group Document type Field status variant.
Special G/L transactions can be divided into which types? (Choose three) Document parking Interest Free offsetting entry Automatic offsetting entry Noted item.
Which level do you define depreciation keys? Company code Chart of accounts Asset class Chart of depreciation.
Which transactions in the procurement process with valuated goods receipt create documents in FI? Select 2 Create purchase requisition Create purchase order Post valuated goods receipt Enter invoice receipt.
Your customer wants to clear minor payment differences for incoming payments automatically. Which objects do you have to use to fulfill this requirement? Tolerance groups for employees and tolerance groups for document types Tolerance groups for employees and tolerance groups for customers/vendors Tolerance groups for G/L accounts and tolerance groups for employees Tolerance groups for G/L accounts and tolerance groups for customers/vendors.
Which function can you use to generate inter-company posting documents? (Choose two) Intercompany asset transfer Central currency valuation Central payment Intercompany dunning.
You receive a payment where the difference from the posted invoice is larger than the stated tolerance limit. How can you deal with this? (Choose two) Split the received payment so that it falls below the tolerance limit. Increase the tolerance limit manually while posting the document. Post the difference to an account assigned to a reason code. Post the difference as a residual item.
For which scenario can you use the cash journal? To post incoming and outgoing payments in any transaction currency To make remittances to vendors. To record documents that will not be included in the general ledger. To manage cash in local branches and offices.
What additional options do parking documents offer compared to holding documents? Select 2 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? 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.
Which of the following factors determine the field status for vendors? 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.
A customer wants to use document splitting to enable balance sheets by segments. How do you set up the document split? (Choose two) 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? Profit Center Reorganization Segment Reorganization Profit Center Update Scenario Segment Reporting.
Which of the following objects must you enter when posting an asset acquisition against a vendor? (Choose three) Document type Fixed asset balance sheet account Special G/L transaction Asset master record Transaction type.
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)? Separate dunning runs Dunning areas Dunning block reasons Dunning keys.
You want to update the Search Term 2 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? (Choose two) 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.
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 reasons for this? (Choose three) There is no settlement profile assigned to the company code. The AuC has not been released with the status "Technically Complete". The status of the AuC is set to "Summary Management". The Depreciation Engine is not active. The settlement profile does not allow assets as valid receivers.
You entered a non-invoice-related credit memo and selected Net Due 30 Days as the term of payment. The Invoice Reference field is empty; instead of indicator V. What effect does this have on the term of payment entered in the credit memo? The term of payment entered in the credit memo is ignored during clearing. The term of payment entered in the credit memo is replaced by the term of payment from the last valid customer invoice. An error occurs. The term of payment entered in the credit memo is used during clearing.
What are the call-up points for validations in FI? Document header, line item, and complete document Basic data section, line item, and complete document Basic data section, detailed data section, and line item Document header, document type, and complete document.
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