ERASED TEST, YOU MAY BE INTERESTED ON
SAP R3 52_67 Finance Accounting - T2
COMMENTS |
STATISTICS |
RECORDS
|
|---|
TAKE THE TEST
|
Title of test:
SAP R3 52_67 Finance Accounting - T2 Description: SAP R3 52_67 Finance Accounting Author: Rahul Other tests from this author Creation Date: 18/11/2020 Category: Others Number of questions: 80 |
Share the Test:
New Comment
No comments about this test.
Content:
|
Which of the following accounts are updated directly?
Please choose the correct answer Accounts in the operating chart of accounts Accounts in the group chart of accounts Accounts in the master chart of accounts Accounts in the country chart of accounts. Which of the following status symbols are used in customer and vendor line item lists? There are 3 correct answers to this question Open Cleared Not due Parked Overdue. A company code is... Please choose the correct answer An organizational unit that provides an additional evaluation level for the purpose of segment reporting, for example. The highest level in the R/3 system hierarchy. An independent accounting entity (the smallest organization element for which a complete selfcontained set of accounts can be drawn up). A dependent accounting entity, according to Fiscal Year An organizational unit in an enterprise that represents a closed system used for cost accounting purposes. 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 customer master records for each country-specific chart of accounts. 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 one master record for each customer. Which of the following describe characteristics of master data? There are 2 correct answers to this question 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 typically assigned to organizational levels. Master data cannot be changed after creation Master data is a template for transactional data. which of the following can you choose for a report variant? There are 2 correct answers to this question a selection variable protect field batch input scheduling user group assignment. what limitation do you have to consider for the fiscal year variant assigned to the leading ledger of a company? Please choose the correct answer it must match all other company codes assigned to the same controlling area it must be the same as the posting period variant assigned to the company code it must have 12 normal periods and up to 4 special periods (13 to 16 periods in total) it must be the same for all ledgers that are used by the company code. which of the following can be defined as key figures? There are 3 correct answers to this question branch sales plan and actual indicator year and period regional purchases 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. Profitability segment Internal order Profit center Account determination Segment. 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 IBAN account group currency Vendor account group. What of these alternatives are considered master data? There are 4 correct answers to this question. Vendor Asset Chart of Accounts G/L Accounts Customer. A company uses different terms of payment. What can you define for these terms of payment? There are 3 correct answers to this question Interest calculation Cash discount percentage rates Baseline date for due date calculation Cash discount periods Cash flow calculation. A customer wants to use segment reporting on balance sheet and P/L accounts. Which business function do you recommend? Please choose the correct answer. Profit Center Accounting Profitability Analysis Special Purpose Ledger New General Ledger Accounting. 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 not have an entry / required, 2) optional 1) must have an entry / suppressed, 2) suppressed 1) must have an entry / optional, 2) optional 1) must have an entry / required, 2) optional 1) must not have an entry / optional, 2) suppressed. For which scenario can you use the cash journal? Please choose the correct answer. To make remittances to vendors To post incoming and outgoing payments in any transaction currency To record documents that will not be included in the general ledger To manage cash in local branches and offices. What do you use the Closing Cockpit for? Please choose the correct answer To perform day-to-day activities To create mass change of offsetting days for existing activities To run reconciliation between CO and FI To perform periodically recurring activities. A customer is running SAP ERP 6.0 with New General Ledger Accounting. For which purpose can they use the Closing Cockpit? Please choose the correct answer. To create mass change of offsetting days for existing activities To perform day-to-day activities To perform periodically recurring activities To run reconciliation between CO and FI. On which level do you define depreciation keys? Please choose the correct answer Asset class Company code Chart of depreciation Chart of accounts. your compant code uses USD as the company currency. You are trying to post to an account in EUR but get an error message that you cannot post to this account. What is the reason? Please choose the correct answer. the translation rate between EUR and USD is NOT maintained the currency maintained in the account master record is USD the account determination for exchange rate differences is missing for the account the Only Balances in Local Currency indicator is set in the account. Which information is updated on the invoice when posting a complete payment? There are 2 correct answers to this question. Clearing account Clearing currency Clearing date Clearing document number. what data is defined on the level of bank master data? There are 2 correct answers to this question corresponding business partner payment and dunning information address data and control data A unique bank country and bank key. In your leading ledger (ledger solution), balance sheets must be created for company codes and segments. Which Customizing settings do you need to make? There are 2 correct answers to this question. Assign the Segment Reporting scenario to your leading ledger Define two retained earnings accounts and assign them to your P&L accounts Define a retained earnings account Activate cost of sales accounting. What are the requirements for the technical clearing account in new Asset Accounting? there are 2 correct answers to this question The account must be a profit and loss account the account must be a balance sheet account the account must be line item managed the account must be flagged for ‘’posting without tax allowed’’. A customer wants to define a chart of depreciation. How do you recommend setting up depreciation areas? Please choose the correct answer Based on the relevant chart of accounts Based on the aims of internal or external reporting Based on relevant currencies Based on company codes. Where can you block an open vendor invoice for payment? There are 2 correct answers to this question in the general segment of the vendor master record in the company code segment of the vendor master record in the invoice document during posting in customizing for sensitive fields. 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 Set a second number range for all document types No additional settings are necessary. How does the SAP ERP ECC 6.0 wih new G/L accounting support real-time CO-FI integration? Please choose the correct answer. batch reconciliation postings are generated from the reconciliation ledger the controlling area can be configured wth one to one assignment to a company code a separate posting period interval specifically for the CO-FI postings is provided the universal journal provides a common database table for both CO and FI postings. What 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 and company code data General data, company code data, and purchasing organization data General data, company code data, and sales area data. Which of the following objects can be used to derivate segments automatically? Please choose the correct answer G/L account Functional area Cost center Profit center. 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 ? Please choose the correct answer. Valuation area Depreciation area Sort key Sort variant. 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 Receivables reclassification One-Time account Alternative Payer/Payee. Which are the necessary steps to create a validation? Please choose the correct answer Check, control, message Prerequisite, check, update, control Check, update, message Prerequisite, check, message. what functions within Asset Accounting allow mass processing? There are 2 correct answers to this question mass asset retirements mass deletion of active assets with net book value zero mass asset changes mass asset acquisitions. What happens when you post an outgoing partial payment? There are 2 correct answers to this question. the invoice is cleared a new open item is created with reference to the invoice the invoice remains open a payment block is set on the invoice. When parking a document, which of the following occurs in the system? Please choose the correct answer The document number is not assigned and transaction figures are not updated The document number is not assigned but transaction figures are updated The document number is assigned but transaction figures are not updated The document number is assigned and transaction figures are updated. You receive a payment where the difference from the posted invoice is larger than the stated tolerance limit. How can you deal with this? There are 2 correct answers to this question. Post the difference as a residual item. Post the difference to an account assigned to a reason code. Split the received payment so that it falls below the tolerance limit Increase the tolerance limit manually while posting the document. Which of the following statements are true? There are 3 correct answers to this question. Accounts with a foreign currency as an account currency can be posted to any currency. You can use a group chart of accounts for internal purposes. The "Only Balances in Local Currency" indicator must not be set in reconciliation accounts for customers or vendors The usage of a financial statement version for the group chart of accounts is optional 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. During reorganization, two cost centers are merged, and all future postings should go to only one of them. If postings are made to the wrong cost center in future FI-postings, your customer wants to ensure that the wrong cost center is automatically replaced by the correct one. What will you recommend? Please choose the correct answer Define two substitutions for the Line Item call-up point Define a validation in CO to ensure that the functional area is filled in the cost center master Create a user-specific program to substitute the wrong cost centers automatically overnight. Define a substitution in FI with the wrong cost center as a prerequisite and the correct one as the substituted value. How can the short text field of a G/L account be changed? Please choose the correct answer. By making sure that the field status of the chart of accounts segment allows it Individually, in the company code segment Centrally, in the chart of accounts segment By making the change at the start of a new fiscal year. Which of the following are the main components of a drilldown report? Please choose the correct answer. Characteristics and variables Variables and key figures Variables and general selection criteria Characteristics and key figures. Of the items listed below, which are NOT features of Configuration? There are 2 correct answers to this question Transport Change Requests Project Documentation Test Case Assignment Generate Blueprint Configure IMG Objects. Whitin the line items of FI documents, what does the posting key control? There are 3 correct answers to this question whether the item is posted with reference to primary or secondary cost elements whether the item is posted as a debit or credit the account group to which the line item can be posted the account type to which the line item can be posted the field status of additional details. which new Customizing object requires you to reconfigure the depreciation areas in new Asset Accounting? Please choose the correct answer Chart of accounts asset classes accounting principles valuation areas. 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 1 and 2 3 1 2 1 and 3. 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? Please choose the correct answer P&L accounts Balance sheet accounts Accounts managed only on the basis of open items Balance sheet and P&L accounts. What is the maximum number of line items of an FI document? Please choose the correct answer. Unlimited 9999 999 99. what needs to be maintained in Customizing to allow cross-company code transactions? There are 3 correct answers to this question clearing accounts VAT accounts posting authorizations posting keys field movement. Your customer wants to perform their year-end closing activities. Which of the following activities are mandatory to close the books? There are 2 correct answers to this question. Run the carryforward Run planning and budgeting. Run fiscal year change in Asset Accounting Run balance sheet open item analysis. Which of the following activities generates an FI document if real-time integration between CO and FI has been set up? There are 2 correct answers to this question. An assessment between cost centers that belong to two different company codes A subsequent change of a segment in a CO document A test run for the settlement run of an asset under construction to a G/L account 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. Which specifications can you choose in the reverse document header data to reverse a general ledger posting? Please choose the correct answer. document date posting date payment block base date. how can you post accruals? there are 2 correct answers to this question regroup the receivables and payables post manually at the end of the period, quarter or year use the document split functionality use the recurring entry program. To which of the following does an asset class apply? Please choose the correct answer. To all company codes in a controlling area To all company codes in an instance (client-independent) To all company codes in a client To all company codes within a client, which share the same chart of accounts. Which of the following factors determine field status for vendors? Please choose the correct answer. Transaction, chart of accounts, and company code Account group, chart of accounts, and company code Account group, transaction, and company code Account group, transaction, and chart of accounts. Which Customizing settings can you make for payment terms? There are 3 correct answers to this question. Determine a default currency code for the header of the accounting document Determine whether a payment term is valid only for the vendor, only for the customer, or for both customer and vendor Determine that invoices are locked for payment Determine that invoices are locked for dunning Determine a default payment method for the line item. Your customer is running an SAP ERP system with New General Ledger 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? Please choose the correct answer. Profit centers, cost centers, business areas, functional areas, divisions Business areas, functional areas, segments, profit centers, user IDs Cost centers, business areas, functional areas, segments, tax codes Segments, profit centers, cost centers, business areas, functional areas. 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. Which of the following objects can you post to via the cash journal? There are 2 correct answers to this question. Accrual Engine One-time customer Material master Asset master Customer. Identify the benefits of SAP Solution Manager? There are 5 correct answers to this question. Reduced cost of implementation Reduced cost of operation Reduced ROI More reliable IT solutions More leverage from IT investments Faster ROI. A customer wants to create a report that is to be run on a monthly 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 ? Please choose the correct answer. - 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. - Create a Compact Document Journal report. - Enter the values for the document 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 Compact Document Journal report. - After running the report, save it to your desktop, where it can be updated every month. Identify the steps in the ASAP (Accelerated SAP) Methodology. There are 5 correct answers to this question Go Live & Support Project Preparation Business Blueprint Roll out Realization Final Preparation. Which stage of the sales process creates documents for both material management and financial accounting? Please choose the correct answer. billing sales order creation shipping- goods issue shipping – delivery creation. which of the following tasks are stages of dunning execution? There are 2 correct answers to this question. maintain te dunning levels schedule the dunning run maintain the dunning parameters schedule the dunning intervals. Which SAP NetWeaver component realizes cross-system application processes? Please choose the correct answer. SAP Master Data Management (SAP MDM) SAP Business Warehouse (SAP BW) SAP Exchange Infrastructure (SAP XI) SAP Enterprise Portal (SAP EP). 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 payment program must be set up to allow debit checks for vendors and credit checks for customers The "Clearing with Vendor" field must be selected in the customer account, and the corresponding field must be selected in the vendor accountx The vendor and the customer must be assigned to the same group account. Which characteristics of account determination can be used to assign realized exchange rate differences to different G/L accounts ? There are 3 correct answers to this question Valuation key Chart of accounts Reconciliation account Currency Valuation method. 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 reason? There are 3 correct answers to this question. The AuC has not been released There is no settlement profile assigned to the company code. The Depreciation Engine is not active The settlement profile does not allow assets as valid receivers. The status of the AuC is set to Summary Management. Which two data sections are part of every asset? There are 2 correct answers to this question. Depreciation data section Master data section Valuation area data section Account determination data section. Which interactive function is provided by the SAP List Viewer? Please choose the correct answer. Mass reversal Creation of subtotals for specific values Use of the report-report interface Creation of worklists. What does the posting key control? There are 3 correct answers to this question Debit/credit indicator Field status (of posting key) Document type Number range Account type. What does the fiscal year variant control? There are 2 correct answers to this question. The number of periods (up to 16 posting periods including special periods) The open periods (a period interval for closing and another for day-to-day business) The number of periods (up to 52 posting periods and special periods) The number of special periods available in addition to the normal periods. 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 2 3 4 6. What are the benefits of using the accrual engine? There are 3 correct answers to this question. The accrual engine is client-independent. The accrual engine calculates the accrual amounts automatically The accrual engine can correct accruals in the previous month even if that period is closed The accrual engine can simulate planned future accruals The accrual engine supports parallel accounting. 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 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. What are the prerequisites for posting a vendor invoice in Financial Accounting? There are 2 correct answers to this question You have created a company code segment in the vendor master. You have updated the bank details section of the vendor You have maintained the currency exchange rates in the system You have set up a number range for the vendor invoice document type. 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 ? Please choose the correct answer. The term of payment entered in the credit memo is used during clearing. 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 replaced by the term of payment from the last valid customer invoice. which elements do you define when you create a new document type? There are 2 correct answers to this question reasons for reversal number range for the document type account types allowed for posting posting keys for the document type. 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. 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 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 change the depreciation key from Z010 to Z020. Also change the ordinary depreciation start date to April 1st. Call the Depreciation Areas screen in the asset master and assign the key Z020 with validity start date of April 1st. What does the SAP Web AS provide? Please choose the correct answer. J2EE and ABAP in a single environment Storage of all transactional documents in one single database Real-time data exchange with all SAP systems Master data harmonization across SAP NetWeaver. Standard ASAP (Accelerated SAP) roadmaps outline the activities involved in SAP solutions Identity the main types of roadmaps? There are 4 correct answers to this question. Upgrade Roadmap Implementation Roadmap Download Roadmap Solution Management Roadmap Solution Roadmap Global Template Roadmap. Your customer wants to access line items for individual P/L accounts without leaving the balance sheet and P/L display. What do you recommend? Please choose the correct answer. Use the standard Financial Statements (RFBILA00) report Run a line item report Use a drilldown report Activate the Line Item Display flag in the financial statement version. |
Report abuse