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SAP FI Final test1
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SAP FI Final test1 Description: SAP FI Final test1 Author: sandeep Other tests from this author Creation Date: 17/08/2012 Category: Others Number of questions: 89 |
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The "debit asset, credit vendor" posting is often made in Accounts Payable. (tfin52_1 pg 78) True False. These are different parts in which you can enter the texts that describe your report definition: Which statement is false ? Last Page Header Title page Footer Body. Which cash discount accounts are used in the net procedure? (tfin50_1 pg 229) Cash discount clearing account Cash discount revenue account Cash discount loss account Cash discount expense account. Because the company codes use different operational cahrts of accounts, you can not carry out cross-company code controlling. Correct Incorrect. The Fiscal Year, Which statements are correct? (tfin50_1 pg 17) Year-Independent In total, you candefine 16 periods. In total, you can define 12 periods. To assign business transactions to different periods, you have to define a fiscal year with posting periods. Year-Specific. Cross-company code documents cannot be reversed: (tfin50_1 pg 258) Correct Incorrect. The document number is a combination of the document number of the first company code, the first company code number, and the fiscal year. (tfin50_1 pg 258) Correct Incorrect. Mass retirement, with or without revenue, is defined as a standard task in the system (tfin52_1 pg 110) Correct Incorrect. The system determines the reference period for the asset retirement based on the asset value date (asset retirement date) and the period control method (period control key) of the depreciation key.(tfin52_1 pg 257) Correct Incorrect. Typical reconciliation accounts are "accounts payable" and "accounts receivable". (tfin50_1 pg 53) Correct Incorrect. List some sources of values that are defaulted by the system for document entry. (tfin50_1 pg 188) User master records Parameter memory Company code data Systemdata Account master record Accounting functions. Number ranges for customer and vendor accounts are same (tfin50_1 pg 82) Correct Incorrect. With internal number assignment, the system always assigns the next number available in the range to a new account (tfin50_1 pg 83) Correct Incorrect. The information entered in the chart of account segment for a G/L account applies to all company codes.(tfin50_1 pg 46) Correct Incorrect. To reduce the number of clearing accounts, you can use just one company code as the clearing company code.(tfin50_1 pg 258) Correct Incorrect. When entering a document, among other items, you must enter the posting date(tfin50_1 pg 150) Correct Incorrect. G/L accounts that are managed in local currecny can only be posted to in this currency. Correct Incorrect. Which statements are correct? The chart of depreciation is always not country-specific. The client is the highest level in the SAP system hierarchy. Each company code uses one chart of accounts and one chart of depreciation Each company code is an dependent accounting unit All general ledger accounts are defined in the chart of accounts. In Customizing, mySAP ERP delivers the following default values:Which statement is false?(tfin50_1 pg 125) For G/L account posting: "Debit"is posting key 40, "credit" is posting key 50. For customer invoices: "Debit" is posting key 01, "credit" is posting key 50 For one time customer invoices: "Debit" is posting key 10, "credit" is posting key 50 For vendor invoices: "Credit" is posting key 31, "debit" is posting key 40. Posting keys Which statements are true? (tfin50_1 pg 125) posting keys are defined at client level. Whether the line item is connected to a payment transaction or not. This information is required for analyzing the payment history and creating payment notices. Whether the posting is sales-relevant and the sales figure of the account is to be updated by the transaction, for example, by the posting of a customer invoice. posting keys are defined at company code level. From SAP R/3 Enterprise, you must activate account assignment objects after they can be maintained in the master data.(tfin52_1 pg 34) Correct Incorrect. Which Statements are correct? (tfin50_1 pg 262) Cross-company code clearing accounts must be G/L accounts. Tax amounts of a cross-company code transaction are automatically distributed to the company codes in which the expenses/revenues occurred. A cross-company code transaction consists of at least two documents. The company codes of a cross-company code transaction may have different local currencies. Which statement is correct? (tfin50_1 pg 368) Bills of exchange are a type of short-term financing. Bills of exchange are a type of long-term financing. Which statement is correct? (tfin50_1 pg 5) You have to select a four digit alphanumeric key as the company code key. You have to select a four digit numeric key as the company code key. If revaluation (indexing) is used in a depreciation area, you can specify an index series for calculating the replacement value (tfin52_1 pg 162) asset class index class index series assets. Validation Messages can have different meanings: Which statements is False? E = Error (requires that the entry be corrected) C = Cancel W = Warning I = Information. Which statements are correct? (tfin52_1 pg 2,3) Each company code is an independent accounting unit. Specifications that you make on client level apply to particular company codes. All general ledger accounts are defined in the chart of accounts The client is the highest level in the SAP system hierarchy. It also denotes the specific logical system you are working on. Each business area is to be regarded as a financially separate unit for which an internal balance sheet and profit and loss statement can be created. Various company codes can be assigned to the chart of depreciation.(tfin52_1 pg 26) Correct Incorrect. Now you can post (cost-accounting) depreciation to the following objects: Which statement is false? (tfin52_1 pg 35) Cost center (as before) CO internal order (as before) Work center WBS element Real estate object (building or property) Various objects from the PSM (Public Sector Management) component, such as funds center, fund, or grant. You can maintain two prefixes that can be used to differentiate between direct and indirect quotation exchange rates during input and display.Which one do you use direct quotation?(tfin50_1 pg 33) "" (blank, without a prefix) "/" for indirect quotation exchange rates. In the Cash Journal you can enter, display, and change cash journal entrie. (tfin50_1 pg 336) Correct Incorrect. You can save cash journal entries locally in the cash journal subledger, and copy or delete them. (tfin50_1 pg 336) Correct Incorrect. Which statements are correct- Application area ? The application area is where the substitution is used. The application area is where the rule is used All are false The application area is where the validation is used. When you set up a new cash journal for a company code, you have to enter the appropriate values for the following fields: (tfin50_1 pg 327) The company code in which you want to use the cash journal The four digit cash journal identification and name The G/L accounts to which you want to post the cash journal business transactions The currency in which you do not want to run the cash journal The six digit cash journal identification and name. Tasks Related to the workflow are: (tfin50_1 pg 437) Posting invoices Blocking purchase requisitions Creating customer accounts Approving leave Changing material masters Creating purchase orders Creating requirement requests via the Internet. The asset class defination apply to all company codes in a client. Correct Incorrect. Each currency key can have a validity date. (tfin50_1 pg 27) Correct Incorrect. The default setting involves deriving the segment from the profit center, but customers can develop their own derivation solutions through a user exit (BAdl): Which statement is true? FAGL_DERIVE_SEGMENT FAGL_DRIVE_SEGMENT BODY_DERIVE_SEGMENT FAGE_DERIVE_SEGMENT SEGF_DERIVE_SEGMENT. Which cash discount accounts are used in the net procedure? (tfin50_1 pg 229) Cash discount clearing account Cash discount revenue account. Which statements are correct for Transaction Type Groups? The transaction type groups are not fixed and can be changed. You can limit specific transaction type groups to certain asset classes The transaction type groups are fixed and cannot be changed. Every transaction type belongs to a transaction type group. As users make changes to documents, the following information is logged: Which one is Fasle? (tfin50_1 pg 192) The field that was changed The new and old values The user who made the change The time and date of the change The Data he entered. Certain fields in both the document header and the line items can be changed. (tfin50_1 pg 192) Correct Incorrect. You can define ant number of financial statement versions per chart of accounts in FI (general ledger) Correct Incorrect. Which cash discount accounts are used in the gross procedure? (tfin50_1 pg 229) Cash discount revenue account Cash discount clearing account Cash discount expense account Cash discount loss account. You can enter terms of payment in the, Which one is false? (tfin50_1 pg 210) company code segment sales area segment HR segment purchasing organization segment. For Special General Ledger Classes- Other transaction includes the following, point out which is false? (tfin50_1 pg page 357, fig151) Down payment Interest Gurantee of payment Individual value adjustments User-defined. Which one do you use for the tax jurisdiction code for city level? (tfin50_1 pg 137) 25 000 0000 0 25 022 0000 0 25 022 1105 0 25 022 1105 1. Which statement is false ? (tfin50_1 pg 109) Bank master records include address data and control data, such as the SWIFT Code, postal giro data, and bank group (for payment optimization in the automatic payment program). You can display changes to the bank master data for all banks using report RFBKABL0. Every record is identified by the bank country and the bank key Bank master records are stored externally in the bank directory. What happens when a parked document is turned into a "proper" document? (tfin50_1 pg 422) The usual inspections are performed when posting documents The document number change A normal complete Financial Accounting document is created The document number of the parked document becomes the number of the posted document The parked document is deleted after creating a normal FI document. The transaction figures are remains same. You can display the customer or vendor master record for all accounts using reports, (tfin50_1 pg 86) RFBABL00. RFKABL00. RFDABL00 RFDAKL00. The length of the G/L account numbers can be (tfin50_1 pg 43) from 1 to 10 digits. from 2 to 12 digits. from 3 to 10 digits. from 2 to 10 digits. from 1 to 12 digits. CompanyCode (for external purposes) represent separate areas of operation within an organization and can be used across company codes. Correct Incorrect. Which statement is Correct? (tfin50_1 pg 18) A fiscal year that is a calendar year must have 12 posting periods. A fiscal year that is a calendar year must have 16 posting periods. The procedure for customer down payments is as follows: Which sequence is correct- (tfin50_1 pg 364) a)The down payment is cleared. b)The vendor invoice is created. c)The down payment made is entered. d)The down payment request is posted. e)The payment is cleared during the payment of the balance. d,c,b,a,e a,d,e,c,d d,e,a,d,c a,c,e,b,d a,d,c,e,d. With parking document ,which statement is true? (407 look fig 176) No document number is assigned Documents can be completed, changed, posted or deleted at a later point of time. Free assignment of the designation/ID Taken into account for evaluations/reports No update of the transaction figures. If the payment difference is outside of the tolerances it has to be processed manually. (tfin50_1 pg 306) Correct Incorrect. The customer/vendor tolerance groups contain entries that control the residual items (tfin50_1 pg 306) Correct Incorrect. The automatic clearing program does not clear: Which statements are correct? (tfin50_1 pg 275) Noted items Statistical postings and certain special G/L transactions relating to bills of exchange Down payments can not be cleared if down payment clearing items of the same amount have already been posted. items with withholding tax entries open items. If you deduct the discount at the time of the payment, Which program have to run subsequently reverse the discount on the asset. (tfin52_1 pg 83) SAPF124 SAPF181. Document type - (tfin52_1 pg 83) You define the document type in the FI Implementation Guide. The document type is a two character, alphanumeric entry that determines how documents are stored. You assign exactly one number range to each document type. You specify account types that are allowed when making entries with a particular document type. The document type determines how the posting is processed: "With document type "AA" you post gross, that is, without deducting a discount With document type "AN" (KN, RN), the amount capitalized to the asset is reduced by the discount (net document type). Which statements are correct? (tfin50_1 pg 282) Clearing a credit memo with an open invoice is an example of account clearing The automatic clearing program (SAPF124) cannot carry out automatic postings. Documents with open items cannot be archived because open items represent incomplete transactions A clearing document must have at least two line items. Posting a payment for an open invoice with a resulting zero balance is an example of posting with clearing. To carry out a mass retirement, which sequence of steps is correct? (tfin52_1 pg 110) A. Create a worklist. B. Select a purpose for the worklist:(Retirement without revenue & Retirement sale (with revenue) C. Use an asset report to create a list of the assets to be retired. D. Process the worklist, or edit the worklist before releasing it. E. Enter the revenue distribution. E,D,A,B,C C,A,B,E,D A,B,C,E,D C,A,B,D,E. Which "Tax Category" field in G/L accounts may have "+" entries in the: Which statement is correct? (tfin50_1 pg 242) For non tax-relevant postings (e.g. bank postings) For postings that require any tax code For postings with the predefined tax code For postings that require an input tax code (for example, reconciliation account for payables from goods and services) For postings that require an output tax code (for example, reconciliation account for receivables from goods and services). Support for an (automatic) changeover method to period/months is not a standard method Correct Incorrect. Which statement is incorrect? (tfin50_1 pg 306,307) If the payment difference is too high to be immaterial, it must be processed manually. Reason codes are used to describe the reason for the payment difference. Reason codes can be assigned to Residual items If the payment difference is outside of the tolerances it has to be processed automatically If you know the reason for a payment difference, you can enter a reason code. You should not activate the line item display for: Which statements are correct? (tfin50_1 pg 55) Material stock accounts (line items are managed by the Purchasing Management application) Tax accounts (Tax items are only useful in connection with the document; the tax amounts were already checked when the document was posted.) You cannot use report RFSEPA01 to subsequently activate the line item display. Revenue accounts (line items are managed by the Sales order Management application) Reconciliation accounts (line items are managed in the subledgers). In a seperate step, the clearing account is cleared in the general ledger. This is done either manually or by the automatic clearing program SAPF181 SAPF124. Which statement is correct? All are false. Each currency key can have a validity date. Each currency key do not have a validity date. Each currency can have a validity date. Which statement is correct? (tfin52_1 pg 83) The document type is a two character, alphanumeric entry that determines how documents are stored. The document type is a four character, alphanumeric entry that determines how documents are stored. You cannot enter or change terms of payment When you process a document. (tfin50_1 pg 215) Correct Incorrect. After you have manually planned depreciation, the system does not create an FI document immediately. (tfin52_1 pg 146) False True. Which statement is false? (tfin52_1 pg 78,82,83) You can assign many number range to each document type The "debit asset, credit vendor" posting is often made in Accounts Payable. You can post to both the asset and the vendor in one document. You define a separate number range for documents for each company code. In the master record, you can assign the following (original) Cost Accounting objects to an asset: Which statements are correct? (tfin52_1 pg 13) Home Bank Activity type Cost center Fiscal year (Internal) order (real or statistical). Which statements are correct for cash journal ? (tfin50_1 pg 337,338) you can also enter checks in the cash journal. In the cash journal you can enter, display, and change cash journal entries. In the cash journal you can create a business transaction linked to a one-time account. You cannot save cash journal entries locally in the cash journal subledger, and copy or delete them. The follow-on documents that are posted as a result of cash journal entries are displayed. You cannot copy and delete cash journal entries saved and display the deleted cash journal entries. Which statement is correct? (tfin50_1 pg 201) The normal reversal posting causes an additional increase in the transaction figures. Negative postings cannot be used to perform transfer postings of incorrect line items. Normally the system do not uses the normal reversal posting to reverse documents. The negative posting also posts the incorrect debit as a credit and the incorrect credit as a debit. The normal reversal posting causes the system to post the incorrect debit as a credit and the incorrect credit as a debit. Depreciation areas are identified in the system by a (Please choose one correct answer) (tfin52_1 pg 153) two-character alphanumeric key. two-character alphbetic key. four-character numeric key. two-character numeric key. The mySAP ERP system generates the exchange rate differences automatically.(tfin50_1 pg 322) Correct Incorrect. Which statements are correct? (tfin50_1 pg 133,134,143) Every company code may define its own document types. Posting keys are defined at client level. Every company code may define its own document number ranges. Document number ranges must not overlap. At the beginning of a new fiscal year, the system always starts the document number assignment again at the start of the number range. Document type allows postings to all account types? (tfin50_1 pg 123) ZP RE RV AB AS. The payment program uses mostly the document type for its automatic postings? (tfin50_1 pg 123) ZP AB RV RE DG. Which statements are correct for posting assets retirements? (tfin52_1 pg 108) With or without revenue (scrapping) With or without customer (non-integrated) As full or partial retirement As mass retirement (with worklist) Partially true As retirement of several assets (within the manually posted retirement transaction). Which statement is correct? (tfin50_1 pg 13) You can assign a business area to a company code directly. You cannot assign a business area to a company code directly. Which statements are correct for chart of accounts? (tfin50_1 pg 43,44) Every company code must have a chart of accounts assigned to it. One chart of accounts can be assigned to several company codes. A chart of accounts that is not yet completed cannot be blocked. The Controlling component uses different chart of accounts as the Financial Accounting component. Group account number for each G/L account which is used for cross-company code reporting if the company codes use different charts of accounts. Which statements are correct? (tfin50_1 pg 451) A document number is assigned by means of the document type with the "Hold Document" function. A task can be assigned one possible processor only. The same workflow variant can be assigned to several company codes A company code can be assigned several wokflow variants. It is possible to design multilevel workflow sequences. Which statements are correct? (tfin50_1 pg 4) The use of business areas is mandotry. The use of business areas is optional. A company code represents an independent balancing/legal accounting entity. A company code is the minimum structure necessary in mySAP ERP A separate company code is usually created per country. A year-Independent fiscal year variant can be defined as: Non-calender year Factory-calender year Calender year must have 6 posting periods Calender year. Which statements are correct?(tfin50_1 pg 185) The system provides you with basic default values for document entry. For example, during document entry, the current data is proposed as the posting date To enter the different business transactions in accounting, the system offers you predefined document types and posting keys in the configuration. If you have already entered a document, for the next document, the system proposes the company code that you entered in the last document The system donot uses the document principle: The balance of a document must be greater than zero before it can be posted. Users can change documents that have already been posted. However, based on different rules, only certain fields can be changed. These rules can either be predefined by the system or be user-specific.(tfin50_1 pg 191) Correct Incorrect. You can display document changes for all documents with report RFBDBL00. In this report you have selection options including the company code, the document numbers, the fiscal year, the change date, and the user name of the person making the change.(tfin50_1 pg 193) Correct Incorrect. |
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