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ERASED TEST, YOU MAY BE INTERESTED ONSap Fi Certification

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Title of test:
Sap Fi Certification

Description:
Source Sap TFIN52 PART 2 New GL

Author:
Richard Gordou
(Other tests from this author)

Creation Date:
01/04/2015

Category:
Others

Number of questions: 97
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Content:
View of the Totals tables when the classic components are used: Classic FI: GLT0 Cost-of-sales ledgers: GLFUNCT Reconciliation ledger: COFIT EC-PCA / classic Profit Center Accounting: GLPCT.
Advantages of New G/L Accounting Extended data structure in the standard delivery Customer fields cannot be added to the G/L With real-time document splitting, balance sheets can be created for entities, such as "Segment" Real-time integration FI->CO New G/L accounting makes it possible to manage multiple ledgers This is one of the possible ways of potraying parallel accounting in the SAP system New G/L Accounting contains functions that combine classic G/L Accounting with the Special Purpose Ledger Component.
New G/L Accounting contains functions that combine classic G/L Accounting with the Special Purpose Ledger Component True False.
Do companies have to use New G/L Accounting? If will be optional for existing customers For new installations, New G/L Accounting is active by default.
Activation of New G/L Accounting Using transaction code FAGL_ACTIVATION Using Customizing paths Using transaction code NEW_GL_ACTIVATION Using FAGL_FC_VALUATION For existing customers is one of the last activities performed during the migration project leading up to the implementation of New G/L Accounting.
The activation indicator is set for each client True False.
Totals table FAGLFLEXT of New G/L Accounting : check the correct answer The totals table FAGLFLEXT of New G/L Accounting updates more entities than was possible in the classic totals table GLT0 The totals table FAGLFLEXT can the extended with additional fields The totals table FAGLFLEXT cannot the extended with additional fields To add customer fields to totals table FAGLFLEXT, they first have to be added to the account assignment block.
SAP provides the Leading Ledger OL and the Totals table FAGLFLEXT with the standard system True False.
New G/L Accounting The paths for New G/L Accounting are added to the existing customizing paths Hide classic financial accounting paths using RFAGL_SWAP_IMG_OLD Activing New G/L Accounting makes several new nodes available in the application and the SAP easy access menu The activation of New G/L Accounting not only affects the menu entries; a few classic functions/transactions can no longer be executed either.
Leading Ledger definition The Leading Ledger uses the fiscal year variant that is assigned to the company code The Leading Ledger uses the posting period variant that is assigned to the company code Only the values from the Leading Ledger are posted in the standard system There are exactly one Leading Ledger There are many Leading Ledger The Leading Ledger gets many of its control parameters from the company code The Leading Ledger gets many of its control parameters from the charts of account.
A scenario defines which fields are updated in the ledgers during the posting True False.
___________ define which fields are updated in the ledgers during the posting? Scenario Leading Ledger Segment.
Scenarios provided by SAP Cost center update (FIN_CCA) Preparation of consolidation (FIN_CONS) Business area (FIN_GSBER) Profit center update (FIN_PCA) Segmentation (FIN_SEGM) Cost-of-sales accounting (FIN_UKV).
You can define your own scenarios False True.
Scenario definition A scenario defines which fields are updated in the ledgers during a posting You can define your own scenarios The delivered scenarios are assigned to the ledgers The Leading Ledger can be assigned one or more scenarios, or even all six at once Multiple/non-leading ledgers are useful for portraying accounting in accordance with different accounting principles. You do not necessarily have to define non-leading ledgers, which means scenarios do not have to be assigned to non-leading ledgers either.
When New G/L Accounting is active, a financial document always has 2 views True False.
When New G/L Accounting is active, a financial document have : One view Two views Four Views.
______________is used to derive the profit center and functional area CO object Leading Ledger Company code Business area.
A segment cannot be derived from the profit center. True False.
If the corresponding scenarios are not assigned, no entities are inherited to G/L Accounting True False.
Cost Center Update and Business Area are assigned to the Leading ledger OL, these two entities are updated to G/L Accounting and displayed in the corresponding G/L view True False.
Segments can be used to meet the requirements of international accounting principles True False.
The Business Area or Profit Center objects can be used as alternatives True False.
Segment definition You cannot assign a segment in the master data of a profit center. Postings are automatically made to the segment when the profit center is posted to. The definition name of the BAdI is: FAGL_DERIVE_SEGMENT.
_________ transaction code can you use to call up the activation indicator? FAGL_ACTIVATION INDICATOR_ACTIVATION RFAGL_SWAP_IMG_OLD.
What does the acronym “ FAGL” stand for? Financial Accounting General Ledger Functional Account General Ledger Asset Financial Accounting General Ledger.
The segment field is a standard field in the totals table for New G/L Accounting True False.
New FI drilldown reporting functions let you create segment financial statement True False.
Assumptions for document splitting New FI drilldown reporting functions let you create segment financial statement The segment field is a standard field in the totals table for New G/L Accounting The operative process must not be disturbed(changed) by the online split The operative process can be disturbed(changed) by the online split The user only wants to enter the vendor once Document splitting is only relevant for the G/L; it does not need to be visible from within the sublegers.
Document splitting Passive Split can be Customized Active Split can be Customized Clearing lines/Zero Balance is control with the "Zero balance indicator" Passive Split cannot be Customized.
Document splitting characteristics Business area Profit center Segment User-defined Charts of account company code.
Document splitting : check the correct answer The system proposes logical document splitting characteristics based on the assigned scenarios. If you elect to use additional document splitting characteristics, you should use these characteristics in at least one ledger. You should always set the zero balance indicator if you plan to use the characteristics to create financial statements.
The mandatory field Is an extension of the field status for accounts in which the characteristics cannot be "entered" during document entry, and/or for accounts that cannot be controlled using the field status. Is a check as to whether a business process-equivalent business transaction variant was selected Is fill automatically.
Inheritance Inheritance is performed online and at the line item level. Activation of inheritance is practically the first step to enable documents to be posted when document splitting is active, without any other Customizing activities. There is no reason why you should not activate inheritance when document splitting is active. Splitting method 0000000012 is the standard splitting method provided by SAP. SAP do not provided a standard splitting method Inheritance means that, when you create a customer invoice from a revenue line, the entities are projected to the customer and tax lines in the G/L view.
Inheritance means that, when you create a customer invoice from a revenue line, the entities are projected to the customer and tax lines in the G/L view True False.
The standard A/C assignment can be used to replace all account assignments that could not be derived from the posting with a constant value false True.
simulating a Document You can simulate not only the entry view but also the G/L view before posting You can use the expert mode to view the detailed data of document splitting. you can analyze early any error that would lead to a termination None of above.
___________ is use to view the detailed data of document splitting The expert mode Entry view G/L view.
A splitting method is the total of all splitting rules of all business transactions True False.
___________ is the total of all splitting rules of all business transactions The Splitting Method The Business Transaction An item category.
____________ is a general breakdown of actual business processes that SAP provides and that is assigned a wide variety of item categories. The Business transaction A splitting method An item category Splitting rule.
___________ is a specific version of the predefined business transaction provided by SAP and the modeling of a real business process for document splitting. The Business transaction variant An item category A splitting Method Splitting rule.
Item category Is a map of the posted line items. It describes the items that appear within a document They are derived from, among other things, the account types of the G/L accounts. The item category is the semantic description for the document split. Is a general breakdown of actual business processes that SAP provides and that is assigned a wide variety of item categories.
An individual Splitting rule defines which item categories can/will be split and at the same time defines which base can be used True False.
Splitting rule Defines which item categories can/will be split and at the same time defines which base can be used Describes the items that appear within a document Is the item category is the semantic description for the document split.
The expert mode provides information on all essential document splitting parameters and describes how the split amounts are achieved True False.
Inheritance indicator The Inheritance indicator ensures that the corresponding account assignment objects are projected to the pretty cash and tax line items, even without corresponding splitting rules. This indicator ensures a zero balance setting for entities selected for document splitting, without requiring you to define any other system settings. Zero balance creation is only useful and necessary if you want to create a complete balance sheet for a specific characteristic.
What are the reasons for the error message during the error message? No base item category is assigned for item category Moreover, “inheritance" of the segment is not possible because it is not unique.
If you have to modify a rule, you should create your own splitting method and copy the assigned rules from the standard configuration. True False.
New G/L Accounting Integration with FI-AR The account assignment objects in the revenue line item are inherited to the customer and tax items in the invoice The customer and tax line items of a customer invoice with different account assignment objects in the revenue line items are split online, in proportion to the amounts in the revenue line items. The customer line item list still only outputs one item per document When payments are received, the bank and any cash discount items are split analogous to the revenue lines in the original customer invoice key word.
New G/L Accounting Integration with FI-AA Asset accounting is managed as a subledger with two depreciation areas (Book 01 and Costing 20) You can only maintain account assignment types for active account assignment objects. The post-capitalization of cash discount to asset is only possible if document splitting is inactive.
The post-capitalization of cash discount for asset The post-capitalization of cash discount to asset is only possible if document splitting is active The post-capitalization of cash discount to asset only works if the function was already configured when the invoice was entered If you use the post-capitalization of cash discount to asset, you can eliminate the (periodic) run of program SAPF181. None of above.
New G/L Accounting Integration CO->FI Real-time integration CO->FI Transaction KALC is no longer available after New G/L Accounting has been activated CO reconciliation with Financial Accounting always required the reconciliation ledger, which was maintained in Cost Element Accounting. periodic integration CO->FI To transfer secondary cost element from CO to FI, you have to define an account assignment The key date activation defines when CO-FI reconciliation is possible through real-time integration.
New G/L Accounting Integration CO->FI TRACE The CO->FI real-time integration can be logged with a trace The trace is activate using FAGLCOFITRACEADMIN The trace is activate using FAGL_ACTIVATION If the trace was activate during the CO posting, you can analyze real-time integration data again at any time.
If the trace was activate during the CO posting, you can analyze real-time integration data again at any time: including the following data The document number of the original CO document Whether it was a transfer or a test run The document number of the follow-up document in FI if a transfer to FI took place The reason for transfer or the reason for a failed transfer Posting date, posting time, and user Line item for the documents (All posted to objects and partner objects) The Posting mode : online posting or subsequent transfer.
You can activate the trace in the real-time integration variant True False.
If the trace is not activated in the real-time integration variant, it can still be activated and deactivated user-specifically at any time. True False.
You can navigate from the CO document to the FI document generated in real-time and in the opposite direction. True False.
You cannot navigate from the CO document to the FI document generated in real-time and in the opposite direction. false True.
The bidirectional navigation between documents is possible because the real-time CO-FI integration creates an FI follow-on for each activity and not just a totals posting at the end of the month. True False.
function of transaction FAGL_FC_VALUATION Foreign corrency valuation New G/L activation Hide Classic G/L.
Using New G/L Accounting can save you from many periodic closing and reconciliation operations True False.
Closing operations : Examples of eliminated closing activities Maintenance and use of the reconciliation ledger Balance sheet adjustment Profit and loss adjustment Maintenance and use of the various FI_SL ledgers.
Closing operations : Examples of periodic processing tasks that are not eliminated Balance carryforward (in FI) Reclassification/sorting of receivables and payables Flat-rate individual value adjustment.
To start the correction posting, start program FAGL_FC_VALUATION in mySAP ERP. True False.
The old program, SAPF100, cannot be executed after you have activated New G/L Accounting. True False.
The Valuation method defines how valuation is run and with which valuation approach True False.
You can post the revaluation amount online to the original CO object that was changed directly in controlling True False.
A drilldown report is much more flexible than the old ABAP program True False.
You cannot carry out cross-company code controlling if company code use_______________ The same operational chart of accounts Different operational chart of accounts.
Transaction type: check the correct answer Every transaction type belong to the Transaction type groups you can limit specific transaction type groups to certain asset classes The transaction type group are fixed and cannot be changed The transaction type group are fixed and can be changed.
How do you implement parallel accounting in asset accounting? By using 2 depreciations areas By using 2 asset classes By using 2 differents chart of depreciations.
You can assign asset to ____________________ Internal order Activity type Cost center Maintenance order You cannot assign an asset.
which characteristics of account determination can be used to assign revaluation adjustments to different G/L accounts Reconciliation account Valuation method Valuation area Currency.
Which of the following are advantages of document splitting Accelerate closing extensibility and flexibility increased data Real-time integration.
Which infrastructure supports core business solutions SAP netweaver SAP exchange.
Your customer runs an SAP system with G/L accounting activated. They want to run a valuation of account receivable that are posted foreign currency. what do you do? Setup a valuation method and assign it to a valuation area setup a new exchange rate type.
Which objects in the totals table FAGLFLEXT can be evaluated with drilldown reports Functional area Cost center Profit center Business area Segments Tax code.
Which of the following task types are supported by the closing cockpit or schedule manager reconciliation account Transactions Spreadsheets Notes Programs with or without variant.
Which SAP Netweaver component realizes cross-system application processes? SAP exchange infrastructure (SAP XI) SAP enterprise portal (SAP EP) SAP Business warehouse (SAP BW).
Down payments can be posted using a special G/L transaction. what's the main benefit of this functionality? It post down payment to a reconciliation account that is different from that ordinary payables and receivables. It automatically clears down payment request.
Which functions are provided by the closing activity reclassify payables/receivables Regrouping and sorting of payables/receivables Adjustment posting for changed reconciliation account Open item analysis for liquidity forecast Credit check and rating of open items.
Maximum number of session that a user can open when he logs on the SAP 6 1 3 9.
Which of the following activities will generate an FI document if real-time integration between CO->FI has been setup An assessment between cost center in one company code with different functional areas An assessment between cost center that belong to two different company codes A distribution between cost center that reside in two different controlling area.
A customer want to use segment reporting on balance sheet and P&L accounts. which functionality do you recommended? New G/L accounting Profit center accounting Probability analysis.
How can you accomplish an automatic flat-rate individual value adjustment? Enter a value adjustment key in the customer master Make an individual value adjustment based on special G/L transaction E.
To which primary cost accounting objects can a depreciation posted Internal order Cost center Profit center.
What does the SAP web AS provide? J2EE (Java platform enterprise edition) and ABAP in a single environment Real-time data exchange with all SAP systems Master data harmonization across SAP netweaver.
What's a flow definition? It's a simplified workflow with programs, fork, user decisions and other workflows included as possible tasks A flow sequence that you can schedule comprising task types such as programs transaction notes and so on A job started under the control of schedule manager.
You want to schedule a new task using schedule manager. which of the following are prerequisites?? You must create a task list Tasks must be included in the task list You must create a task group You must insert a task in a task group.
The customer master data record comparison compares________________ Which master records are already created in financial accounting but not yet created in SD Which master records are already created in SD but not yet created in FI Which master records are already created in pruchasing but not yet created in SD.
Which of the following are true about financial statement version The system can translate a financial statement into any currency for reporting purposes You can obtain a summarized financial statement for any hierarchy level in a financial statement version A financial statement version cannot include more than one company code When displaying a financial statement version, the system can automatically calculate the P&L statement result.
Your customer wants to perform their year-end closing activities. which of the following activities are mandatory to close the books? Run fiscal year change in asset accounting Run the carry forward Run balance sheet open item analysis Run planning and budgeting.
A specific fiscal year variant it's a variant which each own fiscal year uses the same number of periods; and the posting periods always start at the same day of the year True False.
The new general ledger integration: integration with the following components is relevant Integration with Subledgers(FI->AP, FI->AR, FI->AA) Integration with controlling (FI->CO).
Asset accounting is managed as a subledger with two depreciation areas Book (01) Costing (20) Book (02).
Document splitting process 1 2 3 4.
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