Which of the following status symbols are used in customer and vendor line item list? Cleared Open Parked Not due Overdue.
Which characteristics of account determination can be used to assign revaluation adjustments to different g/l accounts? Chart of accounts Reconciliation account Currency Valuation key Valuation method.
Which function can you use to generate inter-company documents? Central payment Intercompany asset transfer Central currency valuation Intercompany dunning.
Which steps are necessary to run a payment program? Maintain parameters Schedule print Start proposal run or payment run Configure open item list Start transfer of open items to the payment program.
Which of the following activities will generate an FI document if real-time integration between CO->FI has been set up? A subsequent change of a segment in a CO document A distribution between cost centers that reside in two different controlling areas An assessment between cost centers in one company code with different functional areas An assessment between cost centers that belong to two different company codes A test run for the settlement run of an Auc to a g/l account.
Your customer runs an SAP system with new g/l accounting activated. All scenarios, but no customer fields, are assigned to the leading ledger. which objects in the totals table FAGLFLEXT can be evaluated with drilldown reports? Cost centers, business areas, functional areas, segments, tax codes. Business areas, functional areas, segments, profit centers, user ID. Profit centers, cost centers, business areas, functional areas, divisions. Segments, profit centers, cost centers, business areas, functional areas.
Which elements of a customer account are created when you maintain the account decentralized in Financial accounting? General data, company code data and sales area data. General data, company code data and purchasing organisation data. General data and company code data. General data and sales area data.
You want to use external number assignment for specific document types. What is the special feature of external number assignment? The number ranges can be used across all company code The number ranges can overlap The number ranges can be alphanumeric The system issues the numbers automatically.
If a vendor is also a customer, it is possible to clear both roles against each other. Which settings are necessary to implement this? The payment program must be set up to allow debit checks for vendors and credit checks for customers. The vendor and the customer must be assigned to the same group. Vendor number must be in customer account and customer account in vendor account. The clearing with vendor account must be set and vice versa.
Your customer wants to use the closing cockpit for period end closing. What major benefits of the closing cockpit do you highlight? It optimizes legacy data transfer It close the posting period automatically on the last day of the period. It enables the use of a task list covering all closing activities It provides a complete documentation of the activities performed at period end closing.
A multinational acquires a company in another country. They are using one operational chart of account. How can you fulfill their country reporting requirements? Create a country specific chart of accounts and assign it to the group chart of accounts. Create a group 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 country specific chart of accounts and assign it to the company code.
You receive a payment. The difference from the posted invoice is larger than the tolerance. What do you do? Increase the tolorance limit manually while posting the document. Split the received payments so that it falls below the tolerance limit. Post the diff as a residual item. Assign the amount to the difference account assigned to a reason code.
How does SAP support impairment posting? By using segment reporting By using special depreciation keys By using worklist.
Which of the following describe the characteristics of the master data? Master data is a template for transaction data. Master data must be assigned on company code level. Master data is typically assigned on organizational level. Master data cannot be changed after creation Master data is used for a long-term basis for multiple business processes.
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? The settlment profile does not allow assets as valid receivers. The depreciation engine in not active There is no settlement profile assigned to the company code The status of the AuC is set to " Summary Management" The AuC has not been released with the status "Technically complete".
Your customer wants all items that are posted to their account to be posted to their headquarters automatically. Which function? Cash management group Alternative payer/payee Single bank account Head Office/Branch account.
You are testing the payment program. the payment run has been executed. when you look at the program log, you notice that the payment method check show that part of the adress is missing from vendor master. In customizing for payment program, where can you see which data is mandatory? Bank account determination. Country data for payment methods. Company code data for the payment method. Paying company code for payment transaction.
How can the short text field of the GL account be changed? By making sure that the field status of the chart of accounts segment allow it By making the change at the start of a new fiscal year Centrally, in chart of accounts Individually, in the company code segment.
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. 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 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 ignored during clearing. The term of payment entered in the credit memo is used during clearing.
How do you implement parallel accounting in asset accounting? By using 2 assets classes By using 2 depreciations areas By using 2 differents chart of depreciation By using an extra chart of accounts.
You set up a new account group. which customizing settings for vendors can you control directly in this account group? The fields that are available during posting to vendor accounts. The sensitive fields for dual control. The company codes that can be used for account group. The one-time account checkbox. The number range of master data accounts.
You want to update the search term 2 field in your customer master data, but the fields does not appear in the maintenance transaction. Which field status definitions do you have to check and, if necessary, change in customizing? Field status definitions of account groups. Field status definitions of activities. Field status definitions of the company codes. Field status definitions of the assigned reconciliation account.
Which functions are provided by the reclassify payables/receivables closing activity? Open item analysis for liquidity forecast Regrouping and sorting of payables and receivables. Adjustments postings for changed reconciliation accounts. Credit check and rating of open items.
Your customers do not pay open invoices. How can you accomplish an automatic flat-rate individual value adjustment? Enter a value adjustment key in the master record Create and dispatch a valuation run for each period.
In which customizing activity do you decide which special g/l transaction are to be paid automatically via the payment program? Set up payment method per country for payment transaction Set up payment method per company code for payment transaction set up paying company code for payment transaction Set up all company code for payment transaction.
In the data entry view, what is the maximum number of the line items in a single FI document? 999. Unlimited. 99. 9999.
What are the prerequisites for posting a vendor invoice in financial accounting. You have to created a company code segment in the vendor master. You have to maintain the currency exchange rates in the system. You have to updated the bank details section of the vendor. You have to set up a number range for the vendor invoice document type.
What controls the fiscal year variant? The number of special periods available in addition to the normal periods The number of periods.
Which factors determine the fiscal year variant you would assign to a company code? The control which periods are open for posting for the company code. The control which periods are open for posting for specific user group. The fiscal year start and end period of the company. The use of a specific fiscal year variant by other company code on the client. The existance of a short fiscal year.
What are the benefits of using the accrual engine? The accrual engine supports parallel accounting. The accrual engine can simulate planned future accruals. The accrual engine can correct accruals in the previous month even if that period is closed. The accrual engine is client-independent. The accrual engine calculates the accrual amounts automatically.
What do you define when you set up a depreciation area? The posting to the g/l. The asset number ranger. The account determination. The company code in asset accounting.
At the end of a fiscal year, the system carries forward the balance of certain accounts to a special retained earnings account and sets them to zero. Which accounts are treated in this way? Accounts managed only on the basis of open items. Balance sheet and P&L accounts. P&L accounts. Balance sheet accounts.
At which level is the vendor account number assigned? At aa company code level At a client level At a combination of client and purchasing organizational segment level At a combination of client and company code segment level.
Which of the following is mandatory to make g/l accounts ready for posting? A chart of accounts segment and at least one functional area. A chart of accounts segment and at least one cost element. A chart of accounts segment and at least one company code segment. A company code segment and at least one cost element.
Your customer wants to access line items for individual P&L accounts without leaving the balance and P&L display. what do you recommend? Use the standard financial statement RFBILA00 report. Use a drilldown report. Activate the line item display flag in the financial statement version. Run a line item report.
How do you prevent duplicate vendors from being create? Use matchcode to check whether the vendor already exists. Activate message control for the duplicate vendor check. Run the vendor de-duplication report. Activate master data comparison for the vendor.
Your customer wants to add a new company code and asks you to make the configuration settings for document types and number ranges. What do you have to do? Define number ranges for the new company code. Enter a value adjustment key in the master record. Assign the profit center update scenario to the ledger.
Your company uses only book depreciation and you activate the new depreciation engine. the book depreciation key Z010 currently used by an asset should be changed to Z020. the asset depreciation started two year ago, and depreciation for the current year has already been posted for the month of january, febuary and march(monthly depreciation run). the change should take effect from april 1st. how can you implement this change? Call the depreciation area screen in the asset master and change the depreciation key from Z010 to Z020. Also change the ordinary depreciation start date to april 1st. Call the depreciation area screen in the asset master and assign the key Z020 with validity start date of april 1st. Create a new asset referencing the asset you want to change. on the depreciation area screen, select depreciation key Z020. then post an asset transfer from the existing asset to the new asset. Undo the depreciation posting for the asset in the current year. Then call the depreciation area screen in the asset master and change the key from Z010 to Z020.
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? Segments are derived from profit centers in the standard system. You can post in FI directly to a segment. 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. You can assign the segment to the material master.
Down payment can be posted using a special g/l transaction. What is the main benefit of this function? It post down payments to a reconciliation account that is different from that of ordinary payables and receivables It automatically clear down payment request It automatically create the final invoice and clear down payment against it. It show data in the appendix of the balance sheet.
Which of the following objects you must enter when posting an asset acquisition with a vendor? Asset master record. Transaction type. Fixed asset balance sheet account. Special g/l transaction. Document type.
What are the advantages of the Payment medium workbench? PMW? It automatically creates direct debit. It provides a uniform set of functions for all kinds of payment methods. It can be used to change payment formats without modifying the programs. It can be used to create new payment formats.
You have been asked to showcase the "asset sale with customer" scenario in the next blueprint workshop meeting. what do you have to consider when posting an asset sale? You must post the sale against an asset that has an acquisition. You must calculate and input the profit or loss from asset sale in a separate line during posting. You must specify the asset value date. You must use posting key 75 (credit asset) and select the specific asset sale in the account field.
Your chief accountant would like to display company-owned cars separately in the balance sheet. these cars were previouly included in the asset class. what do you have to configure? Create a new asset class, but use the same account determination. Create evaluation groups to subdivide all assets of the class. Create a new account determination, but no new asset class. Create a new asset class and a new account determination.
Which of the following are the main components of a drilldown reports? Variables and key figures. Variables and general selection criteria. Characteristics and variables. Characteristics and key figures.
Your customer's accounting department informs you that the company issues checks. They need to easily differentiate payments made by check. how can you facilitate this requirement? Use The payment method for checks. Use the payment term for checks. Create an additional field in the coding block called check.
In the 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 continue. The payment run stops and the system issues an error message. Document data overrides master data. Master data overrides document data.
A customer wants to use segment reporting on balance sheet and p/l accounts. Which business function do you recommend? Special purpose ledger. Profit center accounting. Profitability analysis. New G/L accounting.
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 keys Dunning block reason Dunning areas.
A company uses different terms of payment. what can you define for these terms of payment? Baseline date for due date calculation. Cash discount periods. Interest calculation Cash discount percentage rates Cash flow calculation.
Your customer has 2 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 record? You have to create Customer master record for each country-specific chart of accounts. You have to create Customer master record for each credit control area. You have to create Customer master record for each chart of accounts. You have to create one master record for each customer.
You have 2 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? Six - one for each combination of house bank and bank account. Three - One for each bank account. Two - One for each House bank. one for all posting.
When dealing with financial statement versions (FSV), how do you ensure that the requirements of the various target groups(for example auditors, tax authorities, bank) are satisfied? Create different FSV based on the needs of the target group. Create one FSV and enhance it with different sets of notes. Create different versions of the same FSV. Create one FSV and then save different variants based on the needs of the various groups.
Which of the following accounts are updated directly? Accounts in the country chart of account. Accounts in the group chart of account. Accounts in the master chart of account. Accounts in the operating chart of account.
What do you define when you configure a dunning procedure? Dunning charges for each dunning level and customers to be dunned. Dunning levels and account determination to post dunning interest. Dunning levels and lenguage of the dunning notice. Dunning levels and dunning charges for each dunning level.
You configure the available amount for bank account. what happens to these amount during the payment run? They are updated automatically. They are not updated. They are set to zero. They are updated automatically, but have to be released by another user(dual control).
Which Task types are supported by closing Cockpit or Schedule Manager? programs with or without variant. transactions. notes. Spreadsheet. Reconciliation keys.
A customer wants to create a report that is to be run on a montly basis showing documents within a specific range for a specific company code that have been posted within the current month. How can you create this type of report? Create a compact document journal report.
After running the report, save it to your desktop, where it can be updated every month. Create a compact document journal report.
enter the values for the document number range and company code.
after saving this as a variant, add an appropriate T(Table) variable for the posting date on the variant attributes screen. Create a g/l account balances report.
enter the values for the document range and company code.
after saving this as a variant, add an appropriate D(Dynamic date calculation) variable for the posting date on the variant attributes screen. Create a compact document journal report.
enter the values for the document interval and company code.
after saving this as a variant, add an appropriate D(Dynamic date calculation) variable for the posting date on the variant attributes screen.
For reports in asset accounting, which object do you have to use and, where necessary, customize to determine the sort level and/or the summation level? Sort variant Sort key Valuation area Depreciation area.
Which of the following determine the field status for vendors? Account group, transaction and company code. Account group, transaction and chart of accounts. Account group, chart of accounts and company code. Transaction, chart of accounts and company code.
You want to reconcile the amounts you have in the 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 transaction 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? Open item management. line item display. Post automatically only. Reconciliation account for account type bank. P&L statement account.
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? The text field is hidden A warning message is show The document is posted An error message is show.
Which line item is filled automatically by the sort key field of a master record (g/l account, customer or vendor)? Assignment. Item text. Amount in the document currency. Number of the invoice to which the transaction belongs.
What are the prerequisites for setting up cross-company cost accounting? The same fiscal year variant is used for all company codes. The same currency is used for all company codes. The same chart of account is used for all company codes. The same variant for open periods is used for all company codes.
What additional options do parking document offer compared to holding documents? 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 recongnition. 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.
In your leading ledger, balance sheets must be created for company codes and segments. which customizing setting do you need to make? Define 2 retained earnings accounts and assign them to your P&L accounts. Assign the segment reporting scenario to your leading ledger. Define the retained earning account. Activate cost of sales accounting.
To which of the following does an asset class apply? To all company codes in a client. To all company codes in an instance. To all company codes in a controlling area. To all company codes within a client, which share the same chart of accounts.
Your company currently uses internal number ranges for documents. You are rolling out your system in a new country. It is a legal requirement in this country to have external document numbering on vendor invoice (currently document type KR). You have copied the number ranges from existing company code to the new company code. Which customizing setting do you have to make to meet this requirement and have a minimal effect on the existing system configuration? Mark existing number range interval 51 as external for the new company code. Mark new document number range as external and assign it to the document type KR. Create new document type and a new external number range interval as external. assign the number range to the new document type. Create a new external document type and assign the number range 51 to the new document type.
Which object do you have to activate to maintain profit center directly in asset accounting with all business functions for new g/l accounting activated? Segment reporting. Profit center update scenario. Profit center reorganization. Segment reorganization.
A customer wants to use document splitting to enable balance sheets by segments. How do you set up the document split? Define splitting rules. Assign all document types to business transactions and business transaction variants. Assign the splitting method to the transaction variant. Define a non-leading ledger for the split documents.
What are the 2 pre-requirements for posting a vendor invoice in FI? Set up a number range for vendor invoices. Create a company code segment in the vendor master. Create depreciation area. Create asset master record.
Your customer wants to add a new company code and asks you to make the configuration settings for document types and number ranges. What do you have to do? Define number ranges for the new company code. Assign business area to company code.
Your AP department has issued an incorrect check when running the payment run. What do you recommend to correct the error? Correct the vendor address. Void the check, and reprint it. Void the vendor invoice.
Which transactions in the procurement process with valuated goods receipt create documents in FI? Posted valuated goods receipt. Enter invoice receipt. Enter purchase order.
Your customers do not pay open invoices. How can you accomplish an automatic flat-rate individual value adjustment.? Enter a value adjustment key in the master record Create and dispatch a valuation run for each period.
Your customer runs an SAP system with new g/l 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 valuation method and assign it to a valuation area Set up a valuation method and assign it to a chart of account.
Which of the following task types are supported by the closing cockpit or schedule manager? Transactions. Jobs. Spreadsheet. Notes. Flow. Programs with or without variant. Reconciliation keys.
Your customer wants to perform their year-end closing activities. Which of the following activities are mandatory to close the books? Run the carryforward. Run fiscal year change in asset accounting. Run Payment program.
A customer is running SAP ERP 6.0 with New GL Accounting. For which purpose can they use the closing cockpit? To perform periodically recurring activities To assign chart of account to a company code To create Business area.
What accounts do you calculate interest on? AP account AR account G/L account AA account.
Which parameters do you have to specify if you want to execute a payment run? Payment method. Company code. Chart of account.
In a payment run, the payment method data entered may differ from the master data. How is this resolved? The payment method in the payment run data is use. The payment method in the master data is use. The payment run stop.
Your customer runs an SAP ERP system with New G/L. What do you need to do to have profit center updates to the general ledger? Segment reporting. Assign the profit center update scenario to the ledger Profit center reorganization. Segment reorganization.
You entered a G/L account posting and received an error message: "the account type S is not allowed." What caused this? Document Type. Posting key. Field status variant.
Customer wants to implement cost of sales reporting based on functional areas. Which accounts can you use? P&L accounts Asset accounts Reconciliation account.
A customer wants to use doc splitting to enable balance sheets by segment. How do you set up doc splitting? Assign all gl accounts to item categories Define splitting rules Set up splitting method.
Vendor sends an invoice which contains expenses for two company codes. You post the invoice to the receiving co cd, the expense, and a cross-charge to the other company code. How are taxes posted? Taxes are posted to the company where the vendor item is posted Taxes are not posted.
For which scenario can you use the cash journal To manage cash in local branches and offices. To manage drilldown report. To define vendor master record.
What are the options to book asset acquisitions? Acquisition using a clearing account Acquisition posted from materials management Integrate with AP.
In which cycle can depreciation run be started? Annually. Quarterly. Monthly. Daily.
A customer wants to define a chart of depr. How would you recommend setting up depreciation areas? Based on aims of external and internal reporting. Based on a company code.
To which objects in Cost Accounting can a depreciation be posted Cost center. Internal order. Profit center.
What do you define when you set up a depreciation area? The posting to GL Depreciation key depreciation area.
Which objects can be assigned to an asset master record Internal order Cost center Company code WBS Chart of account.
In which scenarios is the solution manager used? Operations Implementation Optimization.
Which solutions are included in SAP ERP? eRecruiting Manager & Employee Self Service (MSS/ESS) Self Service Procurement.
Which describe characteristics of master data? It is used on a long term basis for multiple business processes It is typically assigned to organizational levels It is typically assigned to company code levels.
You want to use the same set of values for a specific criterion in several reports? What is the easiest way to accomplish this? Create a selection variable containing the values and use it in all the reports. Create the chart of account and assign it to the company code.
In which places can you find GL, AR, AP reports Information system for each area Role based user menus Menu path System Services->Reporting.
Which Service Desk feature provides all the functions to analyze and monitor an entire SAP solution centrally? Solution Manager Diagnostics. Blueprint. Project preparation.
Which of the following properties can you assign to a field when creating a report variant? Make mandatory Hide Protect.
Call up points for validations in FI Document header, line items, and complete document. document type, line items, and complete document. Posting key, line items, and document type.
Which functions can be used to generate intercompany posting documents? Central payments. Central procurement. Central administration.
Which of the following is a prerequisite for using New G/L Accounting? The SAP system must have release level SAP ERP 2004 or higher. No prerequisite is need.
You want to optimize the processing of incoming invoices by using document parking in combination with a workflow based release procedure. Which of the following can be used to control the individual release procedures in the standard SAP ERP system? The release groups assigned to the master accounts The amount based on which the released approval procedure will be triggered and carried out.
You have posted an incorrect amount in FI. How can you correct? Reverse document by normal reversal posting. Reverse the document by negative posting.
How to maintain Customer? Decentralized Centralized.
Company sells products. Sometimes when dealing with complaints they need to issue a credit memo. Which accounts will be used to issue credit memos? Receivables and revenue account. Balance sheet account.
Which object has to be used to avoid a change of the reconciliation account? Field status Activity. Field status of company code. Field status document type.
A functional area for cost accounting can be entered manually, copied automatically from master records, or populated automatically via substitution. Which priority sequence is correct, going from highest to lowest? Manual entry, substitution, master record P&L account, master record CO object Manual entry, substitution, master record CO object, master record P&L account. Substitution, manual entry, master record CO object, master record P&L account. Master record CO object, manual entry, substitution, master record P&L account.
Which of the following is a typical process sequence in Product Sale form Stock? Incoming order - transport - delivery - billing - dunning - payment Incoming order - billing - transport -delivery - payment - dunning Transport - delivery - Incoming order - billing - dunning - payment.
Types of drilldown reports Basic report Form report Financial report Key figure report.
Key figure are values and quantities True False.
Characteristic determines how your data can be classified. True False.
What gives an overview of planned processes carried out periodically in the system? Financial calendar. Dunning run Interest calculation.
Payment differences: check the correct answer Grant only cash discount for the portion paid. The remaining discount can only be granted once the outstanding receivable has been paid off in full, within the due date. Block any relevant payment program. Limit the possible dunning levels. When posting a residual item, you require a payment term. You can transfer the payment term from the original invoice or default a separate payment term.
Which structure provides an environment for analyzing market profitability, even allowing for customer defined segments? Business area Company code Operating concern.
The reconciliation account: check the correct answer. It not designed for direct posting. Ensures real-time integration of subledger account with the g/l. Is defined on the client portion of the company code. Can be defined for customer, vendor and asset account types.
What are example of currency types? Hard currency. Global currency. Index currency. User currency.
The currency that was input on the header of document is____________ The transaction currency The additional currency The local currency.
Logistic integration: in procurement process........ check the correct answer A material valuation always takes place on the level of the plant. A material can be assigned to several divisions. A plant must be assigned to exactly one company code. Material master records consist of a lot of views on different organizational structures.
The country-specific chart of depreciation delivered by SAP, contain a catalog of depreciation area that cannot be changed. True False.
Asset: Check the correct answer. An asset use only one reconciliation account. An asset use account balance reconciliation account. An asset must use more than one reconciliation account. An asset use profit&loss reconciliation account.
We do know that there are differences between cost-of-sales accounting and period accounting. check the correct answer. Companies must choose to use one of these methods(cost of sales or period accounting) for generating their legal financial statement. Period accounting is divided into costing based and into account based. Cost of sales accounting has the emphasis on summarizing the activity and situational change over a period of time, for a given organizational unit. Period accounting has the emphasis into matching the revenues for goods or services provided against the related expenses for those items.
While transfering data to special purpose ledger: check the correct answer Most data that enter the FI-SL system come from transaction occuring in many different places. The account assignment block, also called the coding block is a standard component delivered with the SAP system. The user does not usually come into direct contact with the coding block. A business transaction can enter the FI-SL system via another SAP application. All data that enters the FI-SL system in processed by the integration manager.
Report painter allow you to use characteristic in the_____________ Columns Rows Baseline date Line item.
Data that relevant to the material management functionality is stored in which segment of vendor master record? company code segment Client segment Purchasing segment.
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