Test sap r3 52_67 finance accounting

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Title of test:
SAP R3 52_67 Finance Accounting - T1

Description:
SAP R3 52_67 Finance Accounting

Author:
Rahul
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Creation Date:
18/11/2020

Category: Others

Number of questions: 80

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vishal04 ( uploaded 1 year )

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Identify the features of a Business Blueprint ? There are 5 correct answers to this question. Blueprint document Business scenarios Business groups Blueprint structure Associated items Business process groups.
What do you define when you set up a depreciation area? Please choose the correct answer The posting to the general ledger The asset number ranges The company code in Asset Accounting The account determination.
Your customer runs an SAP system with New General Ledger Accounting activated. They want to run a valuation of accounts receivable that are posted in foreign currency. What do you have to do? Please choose the correct answer Assign a valuation method to all customer master records that you want to valuate Set up a valuation method and assign it to a valuation area Set up the Valuation Cockpit to perform this task. Set up a new exchange rate type and assign it to a valuation method.
which information do you maintain for house banks? There are 3 correct answers to this question customer and vendor accounts information for electronic bank statements general ledger accounts information for electronic payments transactions bank accounts for each house bank.
Consider the following statements, Which of the following statements are true? 1) Accounts with open item management must have line item display activated. 2) You can activate or deactivate open item management everytime, even if the account hasn't a zero balance. 3) You can select both local and foreign currencies as account currency. 4) If the account is the local currency, the account can only be posted to this currency. 5) When using the "Only Balances in Local Currency" indicator in the master data record, transaction figures are only managed for amounts translated into local currency. There are 3 correct answers to this question. 1 2 3 4 5.
Where in Customizing can you configure that the cost center in the asset-sub number is identical to the cost center of the main asset? Please choose the correct answer. in the screen layout of the asset master in the account determination of the asset class in the screen layout of the depreciation area in the tab layout for the asset master record.
which of the following can be defined as key figures? There are 3 correct answers to this question branch sales regional purchases plan and actual indicator year and period plan and actual variance.
Which objects can be assigned to an asset master record with New General Ledger Accounting? There are 3 correct answers to this question. Segment Profitability segment Profit center Internal order Account determination.
Which of the following is a typical process sequence in Product Sale from Stock? Please choose the correct answer. Incoming order -> Transport/Delivery -> Billing -> Dunning and payment Incoming order -> Goods receipts/Transport -> Dunning and payment -> Billing Purchase requisition -> Billing -> Transport/Goods receipts -> Dunning and payment Purchase requisition -> Delivery/Transport -> Dunning and payment -> Billing.
what is the purpose of the group account number in G/L account master maintenance? Please choose the correct answer it acts as the key to identity the balance sheet and profit and loss accounts in the financial statement version it is used for cross-company code reporting if the company codes use different chart of accounts it defaults the number interval that is applied for the G/L account number in the company code it determines the fields in the entry screen when you create or update a master record in the company code.
About evolution in the world of business, we can affirmate that... Please choose the correct answer The internet revolution could turn available to companies the use of ERP functionality The next generation of "new dimension" products appeared taking functionality out of the company, to bring value through extending the Internet Revolution The internet has driven to a collaborative environment where value is created through collaboration within business communities In the first the companies were looking at Cost reduction and efficiency through integration of business communities.
You have been asked to copy a company code from an existing company code. Which existing objects can be assigned automatically? Please choose the correct answer Customer master data G/L accounts controlling areas Profit center groups.
ERP offers enterprise centric functionality (general ledger, payroll, order entry) to integrate core, internal processes. About the definition of ERP and e-business functionalities, we can say that... There are 4 correct answers to this question. About Business Model, ERP can be considered as enterprise centric and e-business, as extended and collaborative. About Processes, ERP can have them integrated, core within enterprises and collaborative, beyond company boundaries. ERP is SAP R/3, while e-business is mySAP.com ERP is mySAP Financials and mySAP HR About Architecture, ERP can be considered as an integrated system and e-business, as an integrated system and an open integration platform.
what can you edit in the payment proposal? There are 3 corrects answers to this question cash discount for each line item payment data in customer or vendor master record payment block for an open item payable amount for a down payment assignment to another house bank.
For which scenario can you use the cash journal? Please choose the correct answer To manage cash in local branches and offices To record documents that will not be included in the general ledger To make remittances to vendors To post incoming and outgoing payments in any transaction currency.
Your customer has two company codes in the same client. Each company code has a different operational chart of accounts. The customer has a country-specific chart of accounts for each company code. How does this influence how you create customer master records? Please choose the correct answer You have to create one master record for each customer You have to create customer master records for each chart of accounts You have to create customer master records for each credit control area You have to create customer master records for each country-specific chart of accounts.
Which two data sections are part of every asset? There are 2 correct answers to this question. Depreciation data section Valuation area data section Master data section Account determination data section.
You need to add a new depreciation area. Which object within Asset Accounting do you need to update? Please choose the correct answer Depreciation keys asset history sheets transaction types asset classes.
What is the purpose of account determination in the accrual engine? There are 2 correct answers to this question. To determine the CO object To determine the document type To determine debit and credit accounts To determine the correct posting period.
you have entered a head office in your vendor master record. What is the consequence? Please choose the correct answer all correspondence with the branch is automatically sent to the head office, too the bank details of the branch account are automatically updated with the bank data of the head office account the branch account is automatically assigned to the same account group as the head office account all items posted to the branch account are automatically transferred to the head office account.
which data do you maintain in the chart of accounts segments of a G/L account? Please choose the correct answer. user data reconciliation data consolidation data authorization data.
Which object can be used to derive the profit center automatically during posting? Please choose the correct answer segment cost center company code business area.
Which of the following is one of the benefits of document parking? Please choose the correct answer. It provides a user friendly way of changing posted documents. It enables technically incomplete documents to be posted It enables the use of the dual control principle It enables individual document numbers to be assigned.
Consider the following statements about currencies concepts, Which of them is true? 1) The currency code identifies each currency that will be used into R/3 system. 2) You have to define all the world's currency into R/3 system. 3) Exchange rate types distinguishes the exchange rates to be considered for various purposes, such as valuation, translation, conversion, planning, etc. Please choose the correct answer. All of them 3 2 1 1 and 2 1 and 3.
You need to assign more than one company code to one controlling area. Under what kind of a business scenario would you need to consider such a decision? There are 2 correct answers to this question Multilevel Product Cost Management across company codes Cross-company code transactions that MUST be processed in a controlling area Representation of intercompany processes, whereby producing and delivering plant are the same.
Which infrastructure supports core business solutions in four subcomponents including people integration, information integration, process integration, and application platform ? Please choose the correct answer SAP Exchange Infrastructure SAP NetWeaver SAP Business Process Management SAP Web AS.
to which organizational unit can you assign your validation and substitution? Please choose the correct answer. business area segment company code profit center.
You want to make the line item text field mandatory during document entry. What customizing objects can you maintain to do this? There are 2 correct answers to this question document type fields status group posting key account group.
Which of the following objects can be used to derivate segments automatically? Please choose the correct answer. Cost center Profit center Functional area G/L account.
Consider the following sentences about field status: 1) Fields which _____________can be made____________. 2) Fields that can be entered, but are not required, can be set to _________entry Which of the options below matches the blank spaces of those sentences? Please choose the correct answer. 1) must have an entry / suppressed, 2) suppressed 1) must have an entry / optional, 2) optional 1) must not have an entry / optional, 2) suppressed 1) must have an entry / required, 2) optional 1) must not have an entry / required, 2) optional.
How can the short text field of a G/L account be changed? Please choose the correct answer By making the change at the start of a new fiscal year Individually, in the company code segment Centrally, in the chart of accounts segment By making sure that the field status of the chart of accounts segment allows it.
what is the correct order of steps to set up the Financial Closing Cockpit? Please choose the correct answer. 1. Create tasks 2. Define dependencies 3. Create task list 4. Create template 1.create template 2. Create tasks 3. Define dependencies 4.create task list 1 create template 2. Create tasks 3.create task list 4.define dependencies 1. Create tasks 2. Define dependencies 3.create template 4. Create task list.
What is a benefit of a drilldown report? Please choose the correct answer The navigation area The edit and save functionality The automatic refresh The workflow connection.
Your customer wants to clear minor payment differences for incoming payments automatically. Which objects do you have to use to fulfill this requirement ? Please choose the correct answer. Tolerance groups for employees and tolerance groups for customers/vendors Tolerance groups for employees and tolerance groups for document types Tolerance groups for G/L account and tolerance groups for employees Tolerance groups for G/L account and tolerance groups for customers/vendors.
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. 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 Create company codes with different fiscal year variants and assign them to the same group company for reporting purposes Use the same fiscal year variant for all company codes and set up parallel accounting for company codes that have different fiscal years. Use the same fiscal year variant for all company codes and do a reversible close for the company codes that have different fiscal years.
What does the year-end closing program do in Asset Accounting? There are 2 correct answers to this question. It checks whether the previous year has been closed in Financial Accounting. It checks whether depreciation and assets are fully posted. It checks whether assets contain errors or are incomplete It opens new annual value fields for each asset.
Document splitting is active in your company code, The splitting characteristic is the profit center. All account are assigned. You post a vendor invoice with single expenses that needs to be posted to three cost centers. The cost centers are all assigned to different profit center is charged with 10 % VAT. How many line items are created in the entry view and how many are created in General Ledger view? Please choose the correct answer Entry View: 3 ; General Ledger View: 7 Entry View: 3 ; General Ledger View: 9 Entry View: 5 ; General Ledger View: 9 Entry View: 5 ; General Ledger View: 7.
You have entered a non-invoice-related credit memo and selected the term of payment "Net due 30 days". The Invoice Reference field is empty (it contains neither a document number nor a V). What effect does this have on the term of payment ? Please choose the correct answer. The term of payment is copied from the last valid invoice of the customer. The term of payment is invalid The term of payment is valid. An error occurs.
Which of the following describe characteristics of master data? There are 2 correct answers to this question. Master data is typically assigned to organizational levels. Master data cannot be changed after creation Master data is used on a long-term basis for multiple business processes. Master data must be assigned on company code level. Master data is a template for transactional data.
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? Please choose the correct answer Define number ranges for the new company code Allow all document types for the new company code No additional settings are necessary Set a second number range for all document types.
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 invoices (currently document type KR). You have copied the number ranges from the existing company code to the new company code. Which Customizing settings do you have to make to meet this requirement and have a minimal effect on the existing system configuration? Please choose the correct answer. Mark existing number range interval 51 as external for the new company code. Create a new external document type and assign the number range 51 to the new document type. Mark a new document number range as external and assign it to the document type KR. Create a new document type and a new external number range interval as external. Assign the new number range to the new document type.
Your customer wants all items that are posted to their customer account to be transferred to their headquarters automatically. Which function do you have to use to fulfill this requirement? Please choose the correct answer. Head office and branch account Alternative Payer/Payee Receivables reclassification One-Time account.
Which field of the line item will be filled automatically by the sort key field of a master record (G/L account, customer, or vendor)? Please choose the correct answer. Amount in document currency Assignment Item text Number of the invoice to which the transaction belongs.
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, 2 and 3 1, 3 and 4 1, 2 and 4 1, 2, 3 and 4 2, 3 and 4.
Sensitive fields have been defined and customized for vendor master data. For which of the following sensitive fields will an update trigger dual control? Please choose the correct answer Vendor account group IBAN currency account group.
what data is defined on the level of bank master data? There are 2 correct answers to this question payment and dunning information address data and control data A unique bank country and bank key corresponding business partner.
You configured new Asset Accounting for your company code with three depreciation areas that post in real time. When posting an external acquisition, how many documents are created? Please choose the correct answer 6 2 4 3.
Your company uses only book depreciation and you activate the new depreciation engine. The book depreciation key Z010 curently used by an asset should be changed to Z020. The asset depreciation started two years ago, and depreciation for the current year has already been posted for the months of January, February, and March (monthly depreciation run). The change should take effect from April 1st.How can you implement this change? There are 2 correct answers to this question Call the Depreciation Areas screen in the asset master and change the depreciation key from Z010 to Z020. Also change the ordinary depreciation start date to April 1st. Create a new asset referencing the asset you want to change. On the Depreciation Areas screen, select depreciation key Z020. Then post an asset transfer from the existing asset to the new asset Call the Depreciation Areas screen in the asset master and assign the key Z020 with validity start date of April 1st. Undo the depreciation postings for the asset in the current year. Then call the Depreciation Areas screen in the asset master and change the key from Z010 to Z020.
Which of the following parameters are defined in the payment program to select appropriate open items? There are 2 correct answers to this question Program identification Purchasing group Exchange rate type Bank account.
A vendor sends an invoice to a company which contains expenses for two company codes. You post the vendor item to the receiving company code, then the expense, and finally a cross-charge to the other company code. How are the taxes posted? Please choose the correct answer Taxes are posted to the company code where the vendor item is posted Taxes are not posted automatically, and will therefore have to be posted manually. Taxes are posted to the company code where the larger part of the expense is posted Taxes are posted to both company codes in proportion to the expenses.
What additional options does parking documents offer compared to holding documents ? There are 2 correct answers to this question A parked document can be posted via automatic speech recognition. A parked document can be posted using a workflow A parked document can be changed and posted by another user, thereby supporting the principle of dual control A parked document can be posted cross-client to minimize the Total Cost of Ownership (TCO).
Identify the features of the service desk? There are 4 correct answers to this question SAP Help Message handling process Solution Manager diagnostics Customer solution database Managing SAP Notes Error handling.
what is controlled by the terms of payment? There are 2 correct answers to this question allowed account type setting for net procedure account for cash discount received determination of the baseline date default payment method.
If a vendor is also a customer, it is possible to clear both roles against each other. Which settings are necessary to implement this ? There are 2 correct answers to this question The vendor number must be entered in the customer account or the customer number must be entered in the vendor account. The "Clearing with Vendor" field must be selected in the customer account, and the corresponding field must be selected in the vendor account. The vendor and the customer must be assigned to the same group account The payment program must be set up to allow debit checks for vendors and credit checks for customers.
On which level are asset classes created? Please choose the correct answer client ledger company code chart of depreciation.
What happens when you post an outgoing partial payment? There are 2 correct answers to this question a payment block is set on the invoice the invoice is cleared the invoice remains open a new open item is created with reference to the invoice.
What is an independent fiscal year variant? Please choose the correct answer It is a variant not normally used because of its particularity. It is a variant which you can define different number of periods, according to the year. It is a variant which allows the use of different number of posting periods. It is a variant which each own fiscal year uses the same number of periods, and the postings periods always start and end at the same day of the year. It is a variant which the postings periods are only equal to the months of the year.
In a payment run, the data entered for a payment method in the document may differ from the master data. How is this resolved by the system ? Please choose the correct answer. The payment run temporarily stops, and the system prompts you to correct the data. After you have corrected the data, the payment run continues Document data overrides master data. Master data overrides document data. The payment run stops and the system issues an error message.
Which of the following are the main components of a drilldown report? Please choose the correct answer Variables and key figures Characteristics and key figures Characteristics and variables Variables and general selection criteria.
A multinational enterprise acquires a company in a country which has local reporting requirements. The multinational enterprise wants to use one operational chart of account for all companies. How can you fulfill this country-specific requirement ? Please choose the correct answer. 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 group chart of accounts. Create a country-specific chart of accounts and assign it to the company code.
What is the maximum number of line items of an FI document? Please choose the correct answer. 99 Unlimited 999 9999.
Which of the following functions are interactive SAP List Viewer functions? There are 3 correct answers to this question filtering summation simulation multiplication sorting.
Which of the following special G/L transactions are noted items? There are 2 correct answers to this question down payment request down payment guarantee of payment bill of exchange payment request.
Which elements of a customer account are created when you maintain the account decentralized in Financial Accounting? Please choose the correct answer. General data and sales area data General data, company code data, and purchasing organization data General data, company code data, and sales area data General data and company code data.
You configured new Asset Accounting with three depreciation areas that post in real time. You need to post a partial scrapping to an asset in the leading ledger. How many documents does the transaction create? Please choose the correct answer. 3 1 6 4.
On which level do you define depreciation keys? Please choose the correct answer Chart of accounts Chart of depreciation Asset class Company code.
which of the following accounts is assigned to the profit and loss section of the financial statement? There are 2 correct answers to this question accumulated depreciation receivables revenue depreciation.
Which activity will have an impact on the net book value of an asset? Please choose the correct answer. Changing the assigned cost center Changing the assigned WBS element Changing the useful life of the asset Changing the account determination.
Of the items listed below, which are NOT features of Configuration? There are 2 correct answers to this question. Test Case Assignment Project Documentation Transport Change Requests Generate Blueprint Configure IMG Objects.
In an asset main number in Asset Accounting, which information can be different between international GAAP and local GAAP? There are 2 correct answers to this question. Asset class Asset capitalization date Deprecation start date Net book value.
which of the following special G/L transactions types updates one line item only? Please choose the correct answer noted item guarantee statistical posting down payment.
Which of the following factors determine field status for vendors? Please choose the correct answer Account group, transaction, and company code Transaction, chart of accounts, and company code Account group, chart of accounts, and company code Account group, transaction, and chart of accounts.
Which of the following statements are true? There are 3 correct answers to this question Number ranges for customer/vendor accounts can overlap One number range can only be assigned to one account group. If you enter an alternative payer, the amount to clear the open items due in the account is paid by the alternative payer An one-time account is a special customer/vendor master record which a company rarely do business The account group is used to control the fields displayed in the master record.
You want to update the Search Term2 field in your customer master data, but the field does not appear in the maintenance transaction. Which field status definitions do you have to check and, if necessary, change in Customizing? There are 2 correct answers to this question Field status definitions of activities Field status definitions of company codes Field status definitions of account groups Field status definition of the assigned reconciliation account.
you post a credit memo for an invoice with a posting date one week after the invoice was entered. How can you ensure that the due date of the credit memo is the same as the due date of the invoice? Please choose the correct answer enter a ‘’V’’ in the invoice reference field of the credit memo enter the invoice number in the invoice reference field of the credit memo ensure that the same payment terms are used in both documents ensure that the same payment method applies to both documents.
Which functions can you use to generate inter-company posting documents? There are 2 correct answers to this question Intercompany asset transfer Central currency valuation Intercompany dunning Central payment.
Consider the following sentences about field status: 1) Fields which are _____________can be ____________. 2) Fields which have an entry that ________________can be set to _________only (even in change mode) Which of the options below matches the blank spaces of those sentences? Please choose the correct answer. 1) not used/optional, 2) should not be changed/suppressed 1) not used/suppressed, 2) must be changed/display 1) not used/suppressed, 2) should not be changed /display 1) used/optional, 2) must be changed/display 1) used/suppressed, 2) must be changed/display.
Which of the following statements are true? There are 3 correct answers to this question. 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. 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. The "Only Balances in Local Currency" indicator must not be set in reconciliation accounts for customers or vendors Accounts with a foreign currency as an account currency can be posted to any currency.
which function is offered in drilldown reports with the Report-to Report interface? Please choose the correct answer forward to another user download to a spreadsheet call up a transition change to graphical output.
which depreciation type allows fluctuations in activity to be considered when calculating depreciation? Please choose the correct answer. special depreciation unit of production depreciation unplanned depreciation ordinary depreciation.

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