Test sap r3 52_67 finance accounting

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Title of test:
SAP R3 52_67 Finance Accounting - T3

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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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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 fields status group posting key account group document type.
Consider the following sentences about the chart of accounts segment, which of these combinations are false? 1) It contains the Company Code, Account number and the field status group. 2) Whenever you need to enter information for a company code for an account number, you have to type again the information related to chart of accounts segment. 3) Texts can be displayed using the program "Account assignment manual"(RFSKTHOO). 4) Keywords facilitate the search for account numbers. There are 2 correct answers to this question None of them 1 2 3 4.
If a vendor is also a customer, which settings are necessary to clear both roles against each other? There are 2 correct answers to this question. 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 account. 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.
How does the SAP ERP ECC 6.0 wih new G/L accounting support real-time CO-FI integration? Please choose the correct answer 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 batch reconciliation postings are generated from the reconciliation ledger the universal journal provides a common database table for both CO and FI postings.
Your customer wants to use the Closing Cockpit for period end closing. What major benefits of the Closing Cockpit do you highlight? There are 2 correct answers to this question. It optimizes legacy data transfer. It enables the use of a task list covering all closing activities It closes the posting period automatically on the last day of the period It provides complete documentation of the activities performed during period-end closing.
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 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 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.
which function is offered in drilldown reports with the Report-to Report interface? Please choose the correct answer. download to a spreadsheet forward to another user change to graphical output call up a transition.
Which postings are created by the depreciation posting run? There are 2 correct answers to this question. Book and cost accounting depreciations to assets Transfer of deprecations to cost center planning Year-to-date depreciation on current assets Postings to the depreciation accounts in the General Ledger.
Which two data sections are part of every asset? There are 2 correct answers to this question. Master data section Depreciation data section Valuation area data section Account determination data section.
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.
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 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. 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.
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 account groups Field status definition of the assigned reconciliation account Field status definitions of activities Field status definitions of company codes.
The field status definitions from the account group and the transaction are considered for each field. The field status definition with the higher priority is used. Which priority sequence, going from the highest to the lowest, is correct ? Please choose the correct answer Display, Required Entry, Optional Entry, Hide Required Entry, Optional Entry, Hide, Display Hide, Display, Required Entry, Optional Entry Optional Entry, Hide, Display, Required Entry.
you use the accounts approach for parallel valuation in a new G/L system. If you used the ledger approach instead, which objects would be different? There are 3 correct answers to this question Asset Classes Financial Statement Version Chart of Accounts Leading Ledger Depreciation Areas.
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 invalid The term of payment is valid The term of payment is copied from the last valid invoice of the customer An error occurs.
On which level do you define depreciation keys? Please choose the correct answer. Company code Chart of accounts Chart of depreciation Asset class.
Which line item field is filled automatically by the sort key field of a master record (G/L account, customer, or vendor)? Please choose the correct answer. Item text Amount in document currency Number of the invoice to which the transaction belongs Assignment.
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 number of periods (up to 52 posting periods and special periods) The number of special periods available in addition to the normal periods The open periods (a period interval for closing and another for day-to-day business).
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 ERP is SAP R/3, while e-business is mySAP.com 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 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 characteristics are configured as standard for every customer/vendor account? There are 2 correct answers to this question. Purchasing Organization Open Item Management. Company Code. Line Item Display. Currency.
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 Profit center Account determination Internal order Segment.
What is the segment that makes complete both customer and vendor accounts? Please choose the correct answer. Purchasing Organization Client. Sales Area Controlling Area Company Code.
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 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. Increase the tolerance limit manually while posting the document Split the received payment so that it falls below the tolerance limit Post the difference to an account assigned to a reason code Post the difference as a residual item.
Your 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)? Please choose the correct answer. Dunning areas Separate dunning runs Dunning keys Dunning block reasons.
Which parameters do you have to specify if you want to execute a payment run? There are 2 correct answers to this question. Company code Currency Bank account Payment method.
Which of the following parameters are defined in the payment program to select appropriate open items? There are 2 correct answers to this question Purchasing group Bank account Program identification Exchange rate type.
Which factors determine the fiscal year variant you would assign to a company code? There are 2 correct answers to this question. The fiscal year start and end period of the company The need to control which periods are open for posting for the company code The need to control which periods are open for posting for specific user groups The use of a specific fiscal year variant by other company codes on the client The existence of a shortened fiscal year.
What happens when you post an outgoing partial payment? There are 2 correct answers to this question. a new open item is created with reference to the invoice the invoice remains open the invoice is cleared a payment block is set on the invoice.
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. ensure that the same payment method applies to both documents enter the invoice number in the invoice reference field of the credit memo ensure that the same payment terms are used in both documents enter a ‘’V’’ in the invoice reference field of the credit memo.
what data is defined on the level of bank master data? There are 2 correct answers to this question payment and dunning information A unique bank country and bank key address data and control data corresponding business partner.
your client would like to show information about customers during reporting without updating the general ledger. Which special G/L type do you recommend? Please choose the correct answer. bill of exchange noted items down payment automatic offsetting entry.
Which of the following is a typical process sequence in Product Sale from Stock? Please choose the correct answer Purchase requisition -> Billing -> Transport/Goods receipts -> Dunning and payment Incoming order -> Goods receipts/Transport -> Dunning and payment -> Billing Purchase requisition -> Delivery/Transport -> Dunning and payment -> Billing Incoming order -> Transport/Delivery -> Billing -> Dunning and payment.
Fiscal year variant F! has six posting periods and fiscal year variant F2 has four posting periods. The posting periods have different start and end dates for each fiscal year. Variant F1 is assigned to leading ledger (0L) and F2 assigned to the non-leading ledger(N1). You get an error message when making a posting in the non-ledger ledger. What causes this error message? Please choose the correct answer posting period for the non-leading ledger group ‘’N1’’ is closed the posting is being made in a special period, but both variants are examples of a shortened fiscal year. the fiscal year variant of the non-leading ledger and the leading ledger are different the posting period variant of the non-leading ledger and the leading ledger are different.
which new Customizing object requires you to reconfigure the depreciation areas in new Asset Accounting? Please choose the correct answer asset classes accounting principles Chart of accounts valuation areas.
Which fields can you maintain when entering an invoice document for a one-time customer? Please choose the correct answer payment methods and bank details Payment methods and communication language customer address and bank details Bank details and communication language.
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 depreciation accumulated depreciation revenue receivables.
Which of the following is mandatory to make G/L accounts ready for posting? Please choose the correct answer. A company code segment and at least one cost element A chart of accounts segment and at least one company code segment A chart of accounts segment and at least one functional area A chart of accounts segment and at least one cost element.
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 balance sheet account The account must be a profit and loss account the account must be flagged for ‘’posting without tax allowed’’ the account must be line item managed.
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 Accounts managed only on the basis of open items Balance sheet accounts Balance sheet and P&L accounts.
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/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) not used/optional, 2) should not be changed/suppressed 1) used/suppressed, 2) must be changed/display.
Which functions can be used to generate inter-company posting documents? There are 2 correct answers to this question. Central procurement Central cash journal Central currency valuation Central payment.
which elements do you define when you create a new document type? There are 2 correct answers to this question account types allowed for posting reasons for reversal posting keys for the document type number range for the document type.
Identify the features of a Business Blueprint ? There are 5 correct answers to this question Blueprint structure Business groups Blueprint document Business process groups Associated items Business scenarios.
A company sells products. Sometimes, when dealing with complaints, they need to issue a credit memo. Which accounts will be used to issue credit memos? Please choose the correct answer Payables and revenue account Receivables and expense account Receivables and revenue account Payables and expense account.
what needs to be maintained in Customizing to allow cross-company code transactions? There are 3 correct answers to this question posting keys VAT accounts posting authorizations clearing accounts field movement.
Which specifications can you choose in the reverse document header data to reverse a general ledger posting? Please choose the correct answer. base date document date payment block posting date.
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: 9 Entry View: 3 ; General Ledger View: 7 Entry View: 5 ; General Ledger View: 7 Entry View: 5 ; General Ledger View: 9.
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. One-Time account Alternative Payer/Payee Receivables reclassification Head office and branch account.
What controls the posting key? There are 3 correct answers to this question. Field status Document type Number range Account type Debit/credit indicator.
On which level are asset classes created? Please choose the correct answer. ledger company code chart of depreciation client.
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 Cost centers, business areas, functional areas, segments, tax codes Profit centers, cost centers, business areas, functional areas, divisions Business areas, functional areas, segments, profit centers, user IDs Segments, profit centers, cost centers, business areas, functional areas.
You have two 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? Please choose the correct answer Three – one for each bank account Two – one for each house bank Six – one for each combination of house bank and bank account One for all postings.
Which stage of the sales process creates documents for both material management and financial accounting? Please choose the correct answer sales order creation billing shipping – delivery creation shipping- goods issue.
You need to add a new depreciation area. Which object within Asset Accounting do you need to update? Please choose the correct answer transaction types asset classes asset history sheets Depreciation keys.
You can configure different types of Chart of Accounts in the ERP system. Which one of the following are TRUE Chart of Accounts? There are 3 correct answers to this question. Group chart of accounts Country-specific chart of accounts Plant-specific chart of accounts Operating chart of accounts.
You entered a G/L account posting and received an error message saying that account type D (customer) is not allowed. Which object causes this error ? Please choose the correct answer Document type Tolerance group Field status variant Currency key.
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 template 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 task list 4. Create template 1.create template 2. Create tasks 3. Define dependencies 4.create task list.
During which actions does the system assign the document number for Financial Accounting? There are 2 correct answers to this question. Hold Park Post Simulate.
Consider the following sentences, which of these are true? 1) Reconciliation accounts are general ledger accounts assigned to the business partner master records to record all transactions in the sub-ledger 2) For accounts without line item display, the most important data from the posted line items is stored in a special index table. 3) The account currency must be in the local currency. 4) Items in accounts with open item management means the G/L accounts should have a offsetting posting for a given business transaction. Please choose the correct answer. 1 and 2 1 and 4 1 and 3 2 and 3 2 and 4.
The chief accounting officer wants the values for a special group of assets to be shown separately in the general ledger. Which objects do you need to create in Customizing for Asset Accounting to meet this requirement? there are 2 correct answers to this question. a new account determination key a new financial statement version a new asset class a new depreciation area.
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 credit control area. You have to create customer master records for each country-specific chart of accounts You have to create one master record for each customer You have to create customer master records for each chart of accounts.
About BAPI (Business Application Programming Interface), what is true? There are 5 correct answers to this question A business object in the Business Object Repository (BOR) can have many methods from which one or several are implemented as BAPIs BAPIs offer a stable, standardized interface for integrating third-party applications and components in the Business Framework. It is a well-defined interface providing access to processes and data of business application systems In the R/3 Enterprise version (4)7) we can use BAPI to create an internal order inside a customized ABAP program A BAPI is assigned to one and only one business object. An open architecture for cross-platform development of client/server applications based on object-oriented technology.
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 new exchange rate type and assign it to a valuation method Set up a valuation method and assign it to a valuation area. Set up the Valuation Cockpit to perform this task.
What does the posting key control? There are 3 correct answers to this question Field status (of posting key) Account type Document type Number range Debit/credit indicator.
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. 1 3 4 6.
Which interactive function is provided by the SAP List Viewer? Please choose the correct answer. Mass reversal Creation of worklists Creation of subtotals for specific values Use of the report-report interface.
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 shows that part of the address is missing from the vendor master. In Customizing for payment programs, where can you see which data is mandatory? Please choose the correct answer Country data for the payment methods Company code data for the payment methods Paying company codes for payment transactions Bank account determination.
You want to use external number assignment for specific document types. What is the special feature of external number assignment? Please choose the correct answer. The number ranges can be used across all company codes. The system issues the numbers automatically. The numbers can be alphanumeric The number ranges can overlap.
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. Solution Management Roadmap Solution Roadmap Implementation Roadmap Upgrade Roadmap Global Template Roadmap Download Roadmap.
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 method Valuation key Currency Chart of accounts Reconciliation account.
when capturing an incoming payment manually, which date is part of the bank data section of the document? Please choose the correct answer. document date posting date currency transaction date value date.
Consider the following sentences about the direct quotation, what is the correct option? 1) It is also known as price notation. 2) The currency value is expressed in units of the foreign currency per unit of local currency 3) For direct quotation, the prefix to indicate the rate is "/". Please choose the correct answer. 1 2 3 None of them All of them.
Which object can be used to derive the profit center automatically during posting? Please choose the correct answer business area segment company code cost center.
Identify the main areas of the Implementation Roadmap from the items listed below? There are 3 correct answers to this question Roadmap structure Attachments area IMG area Viewing / Text area Accelerator area.
what functions within Asset Accounting allow mass processing? There are 2 correct answers to this question mass asset retirements mass asset changes mass deletion of active assets with net book value zero mass asset acquisitions.
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 Profitability Analysis Special Purpose Ledger New General Ledger Accounting Profit Center 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 regular chart of accounts. 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 group chart of accounts.
You set up a new account group. Which Customizing settings for vendors can you control directly in this account group? There are 2 correct answers to this question The sensitive fields for dual control The company codes that can be used for the account group The One-Time Account checkbox The number range of master data accounts The fields that are available during posting to vendor accounts.
You have two 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? Please choose the correct answer One for all postings Six – one for each combination of house bank and bank account Three – one for each bank account Two – one for each house bank.

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