Which of the following statements are true? There are 3 correct answers to this question. The "Only Balances in Local Currency" indicator must not be set in reconciliation
accounts for customers or vendors The "Only Balances in Local Currency" indicator is usually set in balance sheet accounts
that are not managed in foreign currencies and not managed on an open item basis Accounts with a foreign currency as an account currency can be posted to any currency You can use a group chart of accounts for internal purposes The usage of a financial statement version for the group chart of accounts is optional.
What does the year-end closing program do in Asset Accounting? There are 2 correct answers to this question It opens new annual value fields for each asset It checks whether depreciation and assets are fully posted It checks whether the previous year has been closed in Financial Accounting It checks whether assets contain errors or are incomplete.
You want to use the same set of values for a specific criterion in several reports. What is the easiest way to accomplish this? Please choose the correct answer Enter the values, save them as a variant, and use this variant in all the reports Create a D variable containing the values and use it in all the reports Create a selection variable containing the values and use it in all the reports Create a set containing the values and use it in all the reports.
What is the purpose of account determination in the accrual engine? There are 2 correct answers to this question To determine the document type To determine the CO object To determine debit and credit accounts To determine the correct posting period.
About BAPI (Business Application Programming Interface), what is true? There are 5 correct answers to this question It is a well-defined interface providing access to processes and data of business
application systems BAPIs offer a stable, standardized interface for integrating third-party applications and
components in the Business Framework A BAPI is assigned to one and only one business object In the R/3 Enterprise version (4)7) we can use BAPI to create an internal order inside a
customized ABAP program A business object in the Business Object Repository (BOR) can have many methods from
which one or several are implemented as BAPIs An open architecture for cross-platform development of client/server applications based
on object-oriented technology.
What does the SAP Web AS provide? Please choose the correct answer. J2EE and ABAP in a single environment Real-time data exchange with all SAP systems Master data harmonization across SAP NetWeaver Storage of all transactional documents in one single database.
You want to reconcile the amounts you have in a main bank G/L account in your system with the daily bank statement. You create a single intermediate G/L bank account for each bank. All transactions with the bank are posted through the intermediate account. Which of the following indicators do you have to activate in the G/L account characteristics of the intermediate account? There are 2 correct answers to this question Reconciliation account for account type Bank Line item display P&L statement account Post automatically only Open item management.
For which scenario can you use the cash journal? Please choose the correct answer To manage cash in local branches and offices To make remittances to vendors To post incoming and outgoing payments in any transaction currency To record documents that will not be included in the general ledger.
What characteristics are configured as standard for every customer/vendor account? There are 2 correct answers to this question Line Item Display Company Code Currency Open Item Management Purchasing Organization.
In the Data Entry view, what is the maximum number of line items in a single FI document? 9999 999 Unlimited 99.
The organizational units of Financial Accounting are used for external reporting purposes that is, they fulfill requirements that your business is subject to from external parties (e.g. legal regulations). Which of the following Organizational units are Mandatory in an ERP system with Fl? There are 3 correct answers to this question Client Fiscal Year Business Area Company Code.
What can we define into the chart of accounts customizing transaction (OB13 transaction)? There are 4 correct answers to this question. Description Maintenance language Length of the company code Length of the G/L account number Blocking / unblocking chart of accounts.
Consider the following statements, which of them are FALSE?
1) You cannot use the country chart of accounts if you desire to use the cross-company code controlling
2) The disadvantage of using country chart of accounts is the accounting clerks who may be familiar with the country chart of accounts first have to get used to using the operational chart of accounts
3) Reconciliation accounts are updated on a daily basis.
Please choose the correct answer 1 and 2 1 and 3 2 and 3 All of them None of them.
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 accounts Blocked line items Sales statistics.
Which Customizing settings can you make for payment terms? There are 3 correct answers to this question. Determine a default payment method for the line item Determine whether a payment term is valid only for the vendor, only for the customer, or for both customer and vendor Determine a default currency code for the header of the accounting document Determine that invoices are locked for dunning Determine that invoices are locked for payment.
Which object has to be used to avoid a change of the reconciliation account in the customer's master data? Please choose the correct answer. The field status of the customer account group The field status of the posting key The field status group of the reconciliation account The field status of the activity.
Identify the benefits of SAP Solution Manager? There are 5 correct answers to this question. More leverage from IT investments Reduced cost of implementation Reduced ROI More reliable IT solutions Faster ROI Reduced cost of operation.
Identify the main areas of the Implementation Roadmap from the items listed below? There are 3 correct answers to this question. Accelerator area Viewing / Text area Roadmap structure Attachments area IMG area.
Your customers do not pay open invoices. How can you accomplish an automatic flat-rate individual value adjustment? There are 2 correct answers to this question. Create and dispatch a valuation run for each period during closing operations. Enter a value adjustment key in the customer master. Make an individual value adjustment based on special G/L transaction. Make a statistical flat-rate value adjustment posting for each period manually.
Consider the following sentences about the chart of accounts segment, which of these combinations are FALSE?
1) It contains the Company Code, Account number and the field status group.
2) Whenever you need to enter information for a company code for an account number, you have to type again the information related to chart of accounts segment.
3) Texts can be displayed using the program "Account assignment manual" (RFSKTHOO).
4) Keywords facilitate the search for account numbers.
There are 2 correct answers to this question. 1 2 3 4 None of them.
A customer wants to define a chart of depreciation. How do you recommend setting up depreciation areas? Please choose the correct answer. Based on company codes Based on the relevant chart of accounts Based on the aims of internal or external reporting Based on relevant currencies.
Which SAP NetWeaver component ensures company-wide unification of data and information in heterogeneous IT environments?
Please choose the correct answer. Web Application Server (AS) Enterprise Portal Master Data Management Integration Broker.
Identify the steps in the ASAP (Accelerated SAP) Methodology. There are 5 correct answers to this question. Roll out Go Live & Support Final Preparation Realization Project Preparation Business Blueprint.
What is the disadvantage of using the group chart of accounts? Please choose the correct answer. Because changes to existing G/L Accounts are effective as soon as they have been saved and could have extensive consequences. Because accounts with the account currency as local currency can only be posted to this local currency. Because the company codes use different operational chart of accounts, you cannot carry out cross-company code controlling. Because the group chart of accounts must be assigned to each operational chart of accounts. Because you must enter the group account number in the chart of accounts segment of the operational account.
Which of the following statements are true? There are 3 correct answers to this question. Every company code that needs to use an account from the assigned chart of accounts has to create its own company code segment. For P+L statement accounts, the balance is carried forward to the same account. In the chart of accounts segment, it is necessary to indicate whether the account will be a balance sheet or a profit + loss statement account. Number intervals for G/L account master records can overlap. It is not possible to influence the appearance of an account's master data.
In the New General Ledger Accounting, how would you incorporate companies with different fiscal years if you wanted to assign them to the same controlling area? Please choose the correct answer. Use the same fiscal year variant for all company codes and do a reversible close for the company codes that have different fiscal years. Create company codes with different fiscal year variants and assign them to the same group company for reporting purposes. Create company codes with the same fiscal year variant and assign the company codes that have a different fiscal year to non-leading ledgers with the appropriate fiscal year variant. Use the same fiscal year variant for all company codes and set up parallel accounting for company codes that have different fiscal years.
A customer requires a balance sheet per segment but does not require a balance sheet per profit center. You discuss the features of segments and profit centers with him. Which features can you highlight? (Choose three) You can assign the segment to the asset master record. You can assign a segment to a cost accounting object such as a cost center or internal order. Segments are derived from profit centers in the standard system. You can assign the segment to the material master. You can post in FI directly to a segment.
Which of the following objects can you post to via the cash journal? There are 2 correct answers to this question. Asset master Accrual Engine Customer One-time customer Material master.
Consider the following sentences, which of these combinations is TRUE?
1) A base currency can be assigned to an exchange rate type.
2) To deal with exchange rate spreads, two very efficient combinations of the exchange rate tools are using a base currency for the average rate (M) and using the exchange rate spreads to calculate the buying and selling rates (B and G).
3) A base currency can be used for an average, a buying or a selling rate.
4) The relations between currencies have to be maintained per exchange rate type and currency pair in the translation factors.
Please choose the correct answer. 1, 3 and 4 1, 2 and 4 2, 3 and 4 1, 2 and 3 1, 2, 3 and 4.
You can configure different types of Chart of Accounts in the ERP system. Which one of the following are TRUE Chart of Accounts? There are 3 correct answers to this question. Group chart of accounts Country-specific chart of accounts Operating chart of accounts Plant-specific chart of accounts.
Which tools reduce the amount of work involved in the maintenance of exchange rates? There are 3 correct answers. Conversion Base currency Exchange rate spread Average exchange rate Inversion.
You have an SAP ERP 6.0 system with classic G/L accounting. What do you need to do before you install the SAP Simple Finance add-on? migrate to an SAP HANA database migrate to new G/L accounting use the SAP Fiori interface complete year-end closing.
Which depreciation type allows fluctuations in activity to be considered when calculating depreciation? special depreciation ordinary depreciation unplanned depreciation unit of production depreciation.
What do you need to configure in order to create a correspondence type? Note: there are 2 correct answers to this question form variables tolerance group print program.
What can we say about ALE (Application Link Enabling)? There are 3 correct answers Business processes cannot be distributed using ALE. The ALE concept is related to an enterprise structure with areas that have central tasks and areas with tasks that are decentralized. The applications are integrated via a central database. The applications are integrated via the message exchange. The ALE concept supports the implementation and operation of distributed SAP applications.
Instead of the classic system monitoring of individual system components with Solution Monitoring, entire business processes can be monitored as a whole across multiple components. Identify the components that define the concept of Solution Monitoring? There are 3 correct answers Service Level Management Component Solution Monitoring Business Process Monitoring System Monitoring.
You want to post an invoice from vendor. The vendor has specified an alternative payee. The alternative payee is not a vendor or customer in your system. Which of the following functions enables you to capture the data when processing the invoice? Decentralized processing Clearing with vendor Individual specifications Partner bank account.
Of the items listed below, which are NOT features of Configuration? There are 2 correct answers to this question. Configure IMG Objects Generate Blueprint Test Case Assignment Project Documentation Transport Change Requests.
What needs to be maintained in Customizing to allow cross-company code transactions? There are 3 correct answers Clearing accounts VAT accounts field movement posting authorizations posting keys.
ASAP (Accelerated SAP) Roadmap is aimed at providing step-by-step direction and guidance throughout the project implementation. Please choose the correct order of the 5 Phases in the project implementation life cycle? 1) Business blueprint, 2) Project preparation, 3) Final preparation, 4) Realization, 5) Go Live & Support 1) Business blueprint, 2) Project preparation, 3) Final preparation, 4) Go Live & Support, 5) Realization 1) Go Live & Support, 2) Project preparation, 3) Business blueprint, 4) Final preparation 1) Project preparation, 2) Final preparation, 3) Business blueprint, 4) Realization, 5) Go Live & Support 1) Project preparation, 2) Business blueprint, 3) Realization, 4) Final preparation, 5) Go Live & Support.