Test sap r3 52_67 finance accounting

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Title of test:
SAP R3 52_67 Finance Accounting - T4

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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 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.
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.
what is controlled by the terms of payment? There are 2 correct answers to this question setting for net procedure allowed account type default payment method account for cash discount received determination of the baseline date.
Which functions are provided by the Reclassify Payables/Receivables closing activity? There are 2 correct answers to this question. Regrouping and sorting of payables and receivables Credit check and rating of open items Automatic correction of bad debits or credits Adjustment postings for changed reconciliation accounts Open item analysis for liquidity forecast.
Which elements of a customer account are created when you maintain the account decentralized in Financial Accounting? Please choose the correct answer General data, company code data, and purchasing organization data General data and sales area data General data, company code data, and sales area data General data and company code data.
Which object can be used to derive the profit center automatically during posting? Please choose the correct answer cost center segment company code business area.
Since the line item display takes up additional system resources, you should only use it if there is no other way of looking at the line items. So, you should not activate the line item display for the following accounts ? There are 4 correct answers to this question. Tax. P+L Statement Reconciliation. Material Stock Revenue.
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. Tolerance group Currency key Document type Field status variant.
Which of the following special G/L transactions are noted items? There are 2 correct answers to this question guarantee of payment down payment down payment request bill of exchange payment request.
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 number must be entered in the customer account, or the customer number must be entered in the vendor account The vendor and the customer must be assigned to the same group account The Clearing with Vendor field must be selected in the customer account, and the corresponding field must be selected in the vendor account.
You want to use foreign currency valuation in the ledger solution. Which objects are required in Customizing? There are 3 correct answers to this question account determinations accounting principles value adjustment keys reply addresses for balance confirmation valuation areas.
A company uses different terms of payment. What can you define for these terms of payment? There are 3 correct answers to this question Cash flow calculation Cash discount percentage rates Cash discount periods Interest calculation Baseline date for due date calculation.
Which of the following business scenarios can be handled with accrual and deferral postings? Please choose the correct answer. One-time payment for fixing flooding damage Monthly rent payments for an office building One-time payment for one-year cloud storage service Monthly subscription to a financial newspaper.
The head of accounts receivable requires that all items posted to individual customer accounts are posted to their headquarters. Which function do you have to use to fulfill this requirement ? Please choose the correct answer. Cash management group Single bank account Alternative payer/payee Head office and branch account.
Which tools reduce the amount of work involved I the maintenance of exchange rates? There are 3 correct answers to this question conversion base currency average exchange rate exchange rate spread inversion.
What of these alternatives are considered master data? There are 4 correct answers to this question Customer Vendor G/L Accounts Chart of Accounts Asset.
when capturing an incoming payment manually, which date is part of the bank data section of the document? Please choose the correct answer. currency transaction date posting date document date value date.
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 functions can be used to generate inter-company posting documents? There are 2 correct answers to this question. Central payment Central currency valuation Central procurement Central cash journal.
which fields can be edited before a parked document is posted? There are 3 correct answers to this question account company code posting date currency amount.
Which of the following factors determine field status for vendors? Please choose the correct answer. Account group, transaction, and chart of accounts Account group, transaction, and company code Account group, chart of accounts, and company code Transaction, chart of accounts, and company code.
In which Customizing activity do you decide which special G/L transactions are to be paid automatically via the payment program ? Please choose the correct answer. Set Up All Company Codes for Payment Transactions Set Up Paying Company Codes for Payment Transactions Set Up Payment Methods per Country for Payment Transactions Set Up Payment Methods per Company Code for Payment Transactions.
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 universal journal provides a common database table for both CO and FI postings a separate posting period interval specifically for the CO-FI postings is provided batch reconciliation postings are generated from the reconciliation ledger the controlling area can be configured wth one to one assignment to a company code.
Which two data sections are part of every asset? There are 2 correct answers to this question. Master data section Account determination data section Valuation area data section Depreciation data section.
What do you define when you configure a dunning procedure? Please choose the correct answer. Dunning levels and account determination to post dunning interest Dunning charges for each dunning level and customers to be dunned Dunning levels and the language of the dunning note Dunning levels and dunning charges for each dunning level.
What is the purpose of account determination in the accrual engine? There are 2 correct answers to this question. To determine debit and credit accounts To determine the correct posting period To determine the document type To determine the CO object.
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. Number of the invoice to which the transaction belongs Amount in document currency Item text Assignment.
it is common for companies to receive invoices for the previous fiscal year at the beginning of the new fiscal year. Which dates must have the same fiscal year in the document entry? Please choose the correct answer document date and asset value date document date and posting date depreciation calculation start date and document date posting date and asset value date.
which elements do you need to enter during document posting to distinguish between international and local Generally Accepted Accounting Principles (GAAP)? There are 2 correct answers to this question Account Groups for the Account Approach Ledger for the Ledger Approach Ledger Groups for the Ledger Approach Accounts for the Account Approach.
which of the following tasks are stages of dunning execution? There are 2 correct answers to this question schedule the dunning run maintain te dunning levels schedule the dunning intervals maintain the dunning parameters.
During period end closing, the G/L accounting clerk posted a document with an incorrect account assignment. The clerk discovered the problem immediately after posting and wants to know how to reverse the document so that it does not affect debit and credit balances. Which reversal code does the clerk need to use? Please choose the correct answer actual reversal in current period reversal in current period actual reversal in closed period reversal in closed period.
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. Define dependencies 4.create task list 1. Create tasks 2. Define dependencies 3. Create task list 4. Create template 1 create template 2. Create tasks 3.create task list 4.define dependencies.
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 definition of the assigned reconciliation account Field status definitions of account groups Field status definitions of company codes.
Where can you block an open vendor invoice for payment? There are 2 correct answers to this question in customizing for sensitive fields in the company code segment of the vendor master record in the invoice document during posting in the general segment of the vendor master record.
How can the short text field of a G/L account be changed? Please choose the correct answer. Centrally, in the chart of accounts segment By making the change at the start of a new fiscal year Individually, in the company code segment By making sure that the field status of the chart of accounts segment allows it.
What are the call-up points for validations in FI? Please choose the correct answer Document header, document type, and complete document Basic data section, detailed data section, and line item Document header, line item, and complete document Basic data section, line item, and complete document.
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 A distribution between cost centers that reside in two different controlling areas An assessment between cost centers that belong to two different company codes A test run for the settlement run of an asset under construction to a G/L account A subsequent change of a segment in a CO document An assessment between cost centers in one company code with different functional areas.
You have posted an incorrect amount in Financial Accounting. How can you correct this? There are 2 correct answers to this question. Change the amount in the posted document Delete the document Use a substitution to change the incorrect amount Reverse the document by negative posting Reverse the document by normal reversal posting.
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 revenue account Receivables and expense account Payables and expense account.
What characteristics are configured as standard for every customer/vendor account? There are 2 correct answers to this question Line Item Display Purchasing Organization Currency. Open Item Management Company Code.
which information do you maintain for house banks? There are 3 correct answers to this question information for electronic bank statements bank accounts for each house bank general ledger accounts information for electronic payments transactions customer and vendor accounts.
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 / required, 2) optional 1) must not have an entry / optional, 2) suppressed 1) must have an entry / optional, 2) optional.
You are asked to set up the accounting structure to facilitate segment reporting based on the SAP standard segmentation scenario. Which organizational unit can be used to derive the segment? Please choose the correct answer. Company code Business area Profit center Functional area.
Identify the features of a Business Blueprint ? There are 5 correct answers to this question. Blueprint structure Blueprint document Business groups Associated items Business process groups Business scenarios.
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.
Your customers do not pay open invoices. How can you accomplish an automatic flat-rate individual value adjustment? There are 2 correct answers to this question. Make a statistical flat-rate value adjustment posting for each period manually Create and dispatch a valuation run for each period during closing operations Enter a value adjustment key in the customer master Make an individual value adjustment based on special G/L transaction.
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 functions within Asset Accounting allow mass processing? There are 2 correct answers to this question mass asset changes mass asset acquisitions mass asset retirements mass deletion of active assets with net book value zero.
Your customer's Accounting department informs you that the company issues checks. They need to easily differentiate payments made by check. How can you facilitate this requirement? Please choose the correct answer. Use the payment term for checks Create an additional field in the coding block called Check Use the payment method for checks. Customize a line item report that filters data according to the text field, and instruct users to enter the word "Check" in the field when entering such payments.
Down payments can be posted using a special G/L transaction. What is the main benefit of this functionality? Please choose the correct answer. It automatically creates the final invoice and clears down-payments against it It shows data in the appendix of the balance sheet It automatically clears down-payment requests It posts down-payments to a reconciliation account that is different from that of ordinary payables and receivables.
What do you use the Closing Cockpit for? Please choose the correct answer To run reconciliation between CO and FI To create mass change of offsetting days for existing activities To perform day-to-day activities To perform periodically recurring activities.
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. Create a new document type and a new external number range interval as external. Assign the new number range to the new document type. 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. Mark existing number range interval 51 as external for the new company code.
Which steps are necessary to run a payment program? There are 3 correct answers to this question. Start transfer of open items to the payment program Maintain parameters Configure open item list Start proposal run or payment run Schedule print.
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 Set a second number range for all document types. Allow all document types for the new company code. No additional settings are necessary.
Which parameters do you have to specify if you want to execute a payment run? There are 2 correct answers to this question. Currency Bank account Payment method Company code.
Which Customizing settings can you make for payment terms? There are 3 correct answers to this question. Determine that invoices are locked for payment Determine that invoices are locked for dunning Determine a default payment method for the line item 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.
The controlling department wants to see depreciation amounts on internal orders. Which customizing settings do you need to make in Asset Accounting? there are 3 corrects answers to this question assign the field internal order to account determination Make the internal order an account assignment object for the depreciation run set the field internal order to required or optional in the screen layout enhance relevant transfer variants by adding the field internal order make the internal order an active assignment object.
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 tab layout for the asset master record in the screen layout of the depreciation area.
Your chief accountant would like to display company-owned cars separately in the balance sheet. These cars were previously included in the asset class "factory and office equipment". What do you have to configure? Please choose the correct answer. Create evaluation groups to subdivide all assets of the class Create a new asset class and a new account determination Create a new asset class, but use the same account determination Create a new account determination, but no new asset class.
ASAP (Accelerated SAP) Roadmap is aimed at providing step-by-step direction and guidance throughout the project implementation. Please choose the correct order of the 5 Phases in the project implementation lifecycle? Please choose the correct answer. 1) Project preparation, 2) Final preparation, 3) Business blueprint, 4) Realization, 5) Go Live & Support 1) Business blueprint, 2) Project preparation, 3) Final preparation, 4) Go Live & Support, 5) Realization 1) Business blueprint, 2) Project preparation, 3) Final preparation, 4) Realization, 5) Go Live & Support 1) Go Live & Support, 2) Project preparation, 3) Business blueprint, 4) Final preparation, 5) Realization 1) Project preparation, 2) Business blueprint, 3) Realization, 4) Final preparation, 5) Go Live & Support.
which data do you maintain in the chart of accounts segments of a G/L account? Please choose the correct answer authorization data consolidation data user data reconciliation data.
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) used/suppressed, 2) must be changed/display 1) not used/optional, 2) should not be changed/suppressed 1) not used/suppressed, 2) should not be changed /display 1) used/optional, 2) must be changed/display.
What does the posting key control? There are 3 correct answers to this question. Document type Field status (of posting key) Number range Account type Debit/credit indicator.
which new Customizing object requires you to reconfigure the depreciation areas in new Asset Accounting? Please choose the correct answer Chart of accounts accounting principles asset classes valuation areas.
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 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 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.
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. 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 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.
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. G/L accounts Profit center groups controlling areas Customer master data.
A customer payment was received. An open item does NOT exist for the payment. What option is available to the user? Please choose the correct answer partial payment residual item payment on account payment run.
Which of the following accounts are updated directly? Please choose the correct answer Accounts in the group chart of accounts Accounts in the master chart of accounts Accounts in the operating chart of accounts Accounts in the country chart of accounts.
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 revenue accumulated depreciation receivables.
What is the segment that makes complete both customer and vendor accounts? Please choose the correct answer Company Code Controlling Area Client. Sales Area Purchasing Organization.
for which purpose do you use report variables in report variants? Please choose the correct answer. to save value fields across company codes to save date fields dynamically to save date fields as user-specific fields to save value fields as client-independent fields.
What happens when the debit balance check runs and a vendor is selected? Please choose the correct answer. credits are paid and debits are blocked the payment run stops and needs to be restarted the vendor is blocked for this payment run the user is asked to change the parameters.
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. In the first the companies were looking at Cost reduction and efficiency through integration of business communities The internet has driven to a collaborative environment where value is created through collaboration within business communities.
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. Document data overrides master data. The payment run temporarily stops, and the system prompts you to correct the data. After you have corrected the data, the payment run continues The payment run stops and the system issues an error message. Master data overrides document data.
Which of the following objects can be used to derivate segments automatically? Please choose the correct answer. Profit center Functional area G/L account Cost center.
What are the prerequisites for posting a vendor invoice in Financial Accounting? There are 2 correct answers to this question. You have maintained the currency exchange rates in the system You have set up a number range for the vendor invoice document type You have created a company code segment in the vendor master You have updated the bank details section of the vendor.
Which are the correct series of steps in the payment program? Please choose the correct answer Proposal run, Execute a payment run, Printing Payment Media, Maintain parameters CD. Maintain parameters, Printing Payment Media, Proposal run, Execute a payment run CD. Maintain parameters, Proposal run, Execute a payment run, Printing Payment Media CD Maintain parameters, Proposal run, Printing Payment Media, Execute a payment run CD. Proposal run, Maintain parameters, Printing Payment Media, Execute a payment run CD.
You want to post an invoice from vendor. The vendor has specified an alternative payee. The alternative payee is not a vendor or customer in your system. Which of the following functions enables you to capture the data when processing the invoice? Please choose the correct answer Clearing with vendor Partner bank account Decentralized processing Individual specifications.
When dealing with Financial Statement Versions (FSVs), how do you ensure that the requirements of the various target groups (for example auditors, tax authorities, and banks) are satisfied ? There are 2 correct answers to this question. Create different FSVs based on the needs of the target group. Create different versions of the same FSV. Create one FSV and enhance it with different sets of notes. Create one FSV, then save different variants based on the needs of the various groups.

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