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C_TFIN52_67
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C_TFIN52_67 Description: SAP ERP Financial Accounting Author:
Creation Date: 20/01/2018 Category: Others Number of questions: 80 |
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Which of the following describe characteristics of master data? There are 2 correct Master data cannot be changed after creation. Master data is used on a long-term basis for multiple business processes. Master data is a template for transactional data. Master data is typically assigned to organizational levels. Consider the following statements, Which of them are false? 2 answers 1).You cannot use the country chart of accounts if you desire to use the cross-company code controlling. 2).The disadvantage of using country chart of accounts is the accounting clerks who may be familiar with the country chart of accounts first have to get used to using the operational chart of accounts. 3). Reconciliation accounts are updated on a daily basis. which of the following can you choose for a report variant? Note: there are 2 correct answers to this question batch input scheduling protect field a selection variable user group assignment. Which of the following objects can be used to derivate segments automatically? choose correct one Cost center Functional area G/L account Profit center. Which tools reduce the amount of work involved I the maintenance of exchange rates?there are 3 correct answers conversion, base currency exchange rate spread average exchange rate inversion. Which of the following items can you assign directly to the asset master record on the Time-Dependent tab? useful life segment quantity Evaluation group. Which of the following business scenarios can be handled with accrual and deferral postings? Monthly rent payments for an office building Monthly subscription to a financial newspaper One-time payment for fixing flooding damage One-time payment for one-year cloud storage service. 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? document date and posting date depreciation calculation start date and document date document date and asset value date posting date and asset value date. what needs to be maintained in Customizing to allow cross-company code transactions? there are 3 correct answers clearing accounts VAT accounts field movement posting authorizations posting keys. Which interactive function is provided by the SAP List Viewer? Please choose the correct answer. Creation of subtotals for specific values Creation of worklists Use of the report-report interface Mass reversal. you have an SAP ERP 6.0 system with classic G/L accounting. What do you need to do before you install the SAP Simple Finance add-on? migrate to an SAP HANA database migrate to new G/L accounting use the SAP Fiori interface complete year-end closing. 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 distribution between cost centers that reside in two different controlling areas An assessment between cost centers in one company code with different functional areas 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. 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 Purchase requisition -> Delivery/Transport -> Dunning and payment -> Billing Incoming order -> Goods receipts/Transport -> Dunning and payment -> Billing Incoming order -> Transport/Delivery -> Billing -> Dunning and payment. Special G/L transactions can be divided into which types? There are 3 correct answers to this question. Noted item Value adjustment Free offsetting entry Automatic offsetting entry Interest. 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. Accounts managed only on the basis of open items Balance sheet and P&L accounts Balance sheet accounts P&L accounts. Which two data sections are part of every asset? There are 2 correct answers to this question. Valuation area data section Account determination data section Master data section Depreciation data section. Which of the following is one of the benefits of document parking? It provides a user friendly way of changing posted documents. It enables the use of the dual control principle. It enables technically incomplete documents to be posted. It enables individual document numbers to be assigned. What are the prerequisites for setting up cross-company cost accounting? There are 2 correct answers to this question. The same currency is used for all company codes. The same variant for open periods is used for all company codes. The same chart of accounts is used for all company codes. The same fiscal year is used for all company codes. The government announces that it plans to change the basic VAT tax percentages from 20% to 18%. What do you have to do in the system in order to comply? create new tax codes with the 18% VAT percentage for input and output tax create new tax codes with 18% VAT percentage for input tax change the tax percentage for existing input tax codes to 18% Change the tax percentage for input and output tax codes to 18%. 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 enables the use of a task list covering all closing activities. It optimizes legacy data transfer. 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. Which factors determine the fiscal year variant you would assign to a company code? There are 2 correct answers to this question. The need to control which periods are open for posting for specific user groups The fiscal year start and end period of the company The use of a specific fiscal year variant by other company codes on the client The existence of a shortened fiscal year. Which object do you have to activate to maintain profit centers directly in Asset Accounting with all business functions for New General Ledger Accounting activated ? Profit Center Reorganization Segment Reporting Segment Reorganization Profit Center Update Scenario. What does the SAP Web AS provide? Real-time data exchange with all SAP systems Master data harmonization across SAP NetWeaver J2EE and ABAP in a single environment Storage of all transactional documents in one single database. 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 One-Time Account checkbox The sensitive fields for dual control The number range of master data accounts The company codes that can be used for the account group . how does the system behave when an invoice is processed as a residual payment? the payment document is posted as a down payment the original document and payment are cleared the payment term of the original document is changed ll documents remain in the account as open items . 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 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. 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. Which functions are provided by the Reclassify Payables/Receivables closing activity? There are 2 correct answers to this question. Automatic correction of bad debits or credits Open item analysis for liquidity forecast Adjustment postings for changed reconciliation accounts Credit check and rating of open items Regrouping and sorting of payables and receivables. Consider the following statements, Which of the following statements are true? Accounts with open item management must have line item display activated. You can activate or deactivate open item management everytime, even if the account hasn't a zero balance 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. What are the requirements for the technical clearing account in new Asset Accounting? Note: there are 2 correct answers to this question the account must be flagged for ‘’posting without tax allowed’’ The account must be a profit and loss account the account must be line item managed the account must be a balance sheet account. 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 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. 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. You have been asked to copy a company code from an existing company code. Which existing objects can be assigned automatically? Profit center groups G/L accounts controlling areas Customer master data. On which level do you define depreciation keys? Company code Chart of accounts Chart of depreciation Asset class. To which of the following does an asset class apply? To all company codes within a client, which share the same chart of accounts To all company codes in a controlling area To all company codes in a client To all company codes in an instance (client-independent). 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. None of them. 2 3 1 All of them. what do you need to maintain in the financial statement versions in order to generate a financial statement? Note: there are 2 correct answers to this question. the assignment of the individual accounts. the profit centers relevant to the report the text describing the items the assignment to company codes. 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. Item text Amount in document currency Assignment Number of the invoice to which the transaction belongs. what do you need to configure in order to create a correspondence type? Note: there are 2 correct answers to this question form variables tolerance group print program. 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? reate a new asset class, but use the same account determination. Create a new asset class and a new account determination. Create evaluation groups to subdivide all assets of the class. Create a new account determination, but no new asset class. While posting a G/L document, two different field statuses (for the posting key and the G/L account) have an impact on the posting. What happens if one field status is set to Required Entry and the other one to Hidden Entry ? The document can be posted anyway. An error message will occur. The field will be available for entry. The field will be hidden. SAP Solution Manager provides support throughout the life cycle of solutions - which common usage scenario is missing from the list of usage scenarios below? (Implement SAP Solutions), (Monitor SAP Solutions), (Manage Service Desk), (Link to SAP Services), (Upgrade SAP Solutions) Link to Change Requests Monitor Service Desk Manage Change Requests Implement SAP Services. How do you prevent duplicate vendors from being created? There are 2 correct answers to this question. Activate master data comparison for the vendor. Run the Vendor De-Duplication reportt Use matchcode to check whether the vendor already exists. Activate message control for the duplicate vendor check. 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? Cost centers, business areas, functional areas, segments, tax codes Business areas, functional areas, segments, profit centers, user IDs Segments, profit centers, cost centers, business areas, functional areas Profit centers, cost centers, business areas, functional areas, divisions. Which of the following are the main components of a drilldown report? Characteristics and key figures Characteristics and variables Variables and key figures Variables and general selection criteria. How does the SAP ERP ECC 6.0 wih new G/L accounting support real-time CO-FI integration? 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 the controlling area can be configured with one to one assignment to a company code. in a customer master record, which key field for dunning is maintained on the client level? payment method payment terms communication – language dunning procedure. which elements do you need to enter during document posting to distinguish between international and local Generally Accepted Accounting Principles (GAAP)? Note: there are 2 correct answers to this question Ledger for the Ledger Approach Account Groups for the Account Approach Accounts for the Account Approach Ledger Groups for the Ledger Approach. which activities does the regrouping program of receivables and payables support? Note: there are 2 correct answers to this question regrouping and clearing open items for affiliated companies on customers and vendors grouping receivables and payables by their remaining life regrouping of receivables and payables to accrual earnings or expense regrouping open items based on changed reconsolidation accounts. which depreciation type allows fluctuations in activity to be considered when calculating depreciation? special depreciation ordinary depreciation unplanned depreciation unit of production depreciation. Which transactions in the procurement process with valuated goods receipt create documents in FI? There are 2 correct answers to this question. Post valuated goods receipt Create purchase requisition Enter invoice receipt Create purchase order. What does the year-end closing program in asset accounting do? it generates the next available open period for each depreciation are It checks the depreciation lists and asset history and then posts depreciation it carries out depreciation simulations and makes adjustment postings it checks whether the depreciation and asset balances are posted comprehensively. you are using the accounts approach to parallel valuation and classic Asset Accounting. You need to create a new financial statement version to keep track of the group valuation based on IFRS principles. In asset accounting, what posting options can you choose for the new depreciation area? Note: there are 2 correct answers area posts in real-time area posts APC only directly Area posts APC and depreciation periodically area posts APC directly and depreciation periodically. Which parameters do you have to specify if you want to execute a payment run? There are 2 correct answers Company code Payment method Currency Bank account. Identify the benefits of SAP Solution Manager? select the correct answers. Faster ROI More reliable IT solutions Reduced cost of implementation More leverage from IT investments Reduced cost of operation. 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 not posted automatically, and will therefore have to be posted manually Taxes are posted to the company code where the vendor item is posted. 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. Which SAP NetWeaver component ensures company-wide unification of data and information in heterogeneous IT environments? Please choose the correct answer. Master Data Management Enterprise Portal Integration Broker Web Application Server (AS). What are the prerequisites for posting a vendor invoice in Financial Accounting? There are 2 correct answers to this question. You have updated the bank details section of the vendor. You have maintained the currency exchange rates in the system. You have created a company code segment in the vendor master. You have set up a number range for the vendor invoice document type. Instead of the classic system monitoring of individual system components with Solution Monitoring, entire business processes can be monitored as a whole across multiple components. Identify the components that define the concept of Solution Monitoring ? There are 3 correct answers Service Level Management Component Solution Monitoring Business Process Monitoring System Monitoring. Of the items listed below, which are NOT features of Configuration? There are 2 correct answers to this question. Configure IMG Objects Generate Blueprint Test Case Assignment Project Documentation Transport Change Requests. How do you implement parallel accounting in Asset Accounting? By using two depreciation areas By using two different charts of de By using an extra chart of accounts By using two asset classes. 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? 1)Business blueprint, 2) Project preparation, 3) Final preparation, 4) Realization, 5) Go Live & Support 1) Business blueprint, 2) Project preparation, 3) Final preparation, 4) Go Live & Support, 5) Realization 1) Go Live & Support, 2) Project preparation, 3) Business blueprint, 4) Final 1) Project preparation, 2) Final preparation, 3) Business blueprint, 4) Realization, 5) Go Live & Support 1) Project preparation, 2) Business blueprint, 3) Realization, 4) Final preparation, 5) Go Live & Support. Which object can be used to derive the profit center automatically during posting? company code business area segment cost center. 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? Head office and branch account Alternative Payer/Payee One-Time account Receivables reclassification. Identify the main areas of the Implementation Roadmap from the items listed below? There are 3 correct answers IMG area Viewing / Text area Accelerator area Roadmap structure Attachments area. 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? Decentralized processing Clearing with vendor Individual specifications Partner bank account. 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? 1 6 4 3. Which of the following is mandatory to make G/L accounts ready for posting? A chart of accounts segment and at least one company code segment A company code segment and at least one cost element A chart of accounts segment and at least one functional area A chart of accounts segment and at least one cost element. What do you define in Customizing for the payment program? Note: there are 2 correct answers bank subaccounts assignments for the profit center available amounts prerequisites for the debit balance check. In an asset main number in Asset Accounting, which information can be different between international GAAP and local GAAP? There are 2 correct answers Asset class Net book value Deprecation start date Asset capitalization date. 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? Set a second number range for all document types. Allow all document types for the new company code. Define number ranges for the new company code. No additional settings are necessary. Which activity will have an impact on the net book value of an asset? Changing the assigned WBS element Changing the account determination Changing the useful life of the asset Changing the assigned cost center. 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 ? The payment run stops and the system issues an error message. 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. Master data overrides document data. Sensitive fields have been defined and customized for vendor master data. For which of the following sensitive fields will an update trigger dual control? Vendor account group IBAN currency account group. What are the necessary elements required to create a customer-specific drilldown report for New General Ledger Accounting? There are 2 correct answers A report header Variables A form Characteristics. 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? actual reversal in closed period reversal in closed period actual reversal in current period reversal in current period. Which fields can you maintain when entering an invoice document for a one-time customer? payment methods and bank details customer address and bank details Bank details and communication language Payment methods and communication language. Which are the necessary steps to create a validation? Check, control, message Prerequisite, check, message Check, update, message Prerequisite, check, update, control. 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? ensure that the same payment method applies to both documents enter the invoice number in the invoice reference field of the credit memo enter a ‘’V’’ in the invoice reference field of the credit memo ensure that the same payment terms are used in both documents. your client would like to show information about customers during reporting without updating the general ledger. Which special G/L type do you recommend? Down payment automatic offsetting entry bill of exchange noted items. What can we say about ALE (Application Link Enabling)? There are 3 correct answers Business processes cannot be distributed using ALE. The ALE concept is related to an enterprise structure with areas that have central tasks and areas with tasks that are decentralized. The applications are integrated via a central database. The applications are integrated via the message exchange. The ALE concept supports the implementation and operation of distributed SAP applications. |