Consider the following statements, Which of them are false?
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.
Please choose the correct answer.
1 and 3 All of them 2 and 3 1 and 2.
Which entries can you define when maintaining a G/ L account?
There are 3 correct answers to this question. Account group Ledger assignment Profit center Open item management Field status group.
Which of the following statements are true?
There are 3 correct answers to this question. It is not possible to influence the appearance of an account's master data. Every company code that needs to use an account from the assigned chart of accounts has to create its own company code segment. In the chart of accounts segment, it is necessary to indicate whether the account will be a balance sheet or a profit + loss statement account. Number intervals for G/L account master records can overlap. For P+L statement accounts, the balance is carried forward to the same account.
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 account group posting key document type.
What is the maximum number of line items of an FI document?
Please choose the correct answer. 9999 Unlimited 999 99.
You configure the available amounts for bank accounts. What happens to these available amounts during the payment run?
Please choose the correct answer. They are not updated. They are updated automatically, but have to be released by another user (dual control). They are updated automatically. They are set to zero.
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 updated the bank details section of the vendor. You have created a company code segment in the vendor master.
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 one master record for each customer. You have to create customer master records for each credit control area.
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 supports parallel accounting. The accrual engine can simulate planned future accruals. The accrual engine can correct accruals in the previous month even if that period is closed.
Which of the following is a typical sequence of steps in a Purchase to Pay process?
Please choose the correct answer. Purchase requisition -> Goods verification -> Purchase receipts -> Invoice receipts -> Payment Purchase requisition -> Purchase order -> Goods receipt -> Invoice verification -> Payment Purchase order -> Purchase requisition -> Goods receipt -> Invoice verification -> Payment Purchase requisition -> Goods issue -> Purchase verification -> Invoice receipts -> Payment.
What is the purpose of account determination in the accrual engine?
There are 2 correct answers to this question. To determine the CO object To determine the correct posting period To determine debit and credit accounts To determine the document type.
What is an independent fiscal year variant?
Please choose the correct answer. It is a variant not normally used because of its particularity. It is a variant which each own fiscal year uses the same number of periods, and the postings periods always start and end at the same day of the year. It is a variant which the postings periods are only equal to the months of the year. It is a variant which you can define different number of periods, according to the year. It is a variant which allows the use of different number of posting periods.
Consider the following sentences, which of them are true?
1) A fiscal year has to be defined by means of separating business transactions into different periods.
2) Special periods are used for postings, which are related to the process of the year-end closing. In total, 16 special periods can be used.
3) The Fiscal Year variant only defines the amount of periods and their start and finish dates.
4) The Fiscal Year is defined as a variant, which is assigned to the chart of accounts.
Please choose the correct answer.
1 and 2 3 and 4 2 and 4 1 and 3 2 and 3.
What does the year-end closing program in asset accounting do?
Please choose the correct answer.
it generates the next available open period for each depreciation are it carries out depreciation simulations and makes adjustment postings it checks the depreciation lists and asset history and then posts depreciation it checks whether the depreciation and asset balances are posted comprehensively.
what can you edit in the payment proposal?
There are 3 corrects answers to this question
payment data in customer or vendor master record assignment to another house bank cash discount for each line item payable amount for a down payment payment block for an open item.
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 Individual specifications Decentralized processing.
Which SAP NetWeaver component realizes cross-system application processes?
Please choose the correct answer. SAP Master Data Management (SAP MDM) SAP Exchange Infrastructure (SAP XI) SAP Business Warehouse (SAP BW) SAP Enterprise Portal (SAP EP).
On which level are asset classes created?
Please choose the correct answer
company code ledger client chart of depreciation.
how can you avoid the creation of duplicate vendor master data?
Please choose the correct answer.
execute the master data comparison reports RFKKAG00 and RFDKAG00 use match codes and activate the automatic duplication check mark the VAT Registration Number in the field status group as required mark the VAT Registration Number as a sensitive field.
Which of the following functions are interactive SAP List Viewer functions?
There are 3 correct answers to this question
summation multiplication filtering simulation sorting.
Your customer wants to clear minor payment differences for incoming payments automatically. Which objects do you have to use to fulfill this requirement ?
Please choose the correct answer. Tolerance groups for employees and tolerance groups for document types Tolerance groups for employees and tolerance groups for customers/vendors Tolerance groups for G/L account and tolerance groups for employees Tolerance groups for G/L account and tolerance groups for customers/vendors.
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 Schedule print Start proposal run or payment run Configure open item list Maintain parameters.
On which level do you define depreciation keys?
Please choose the correct answer. Company code Chart of accounts Asset class Chart of depreciation.
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.
How does the SAP ERP ECC 6.0 with 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 with 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.
Which factors determine the fiscal year variant you would assign to a company code?
There are 2 correct answers to this question. The use of a specific fiscal year variant by other company codes on the client 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 existence of a shortened fiscal year.
You entered a G/L account posting and received an error message which says that account type S is not allowed. Which object causes this error?
Please choose the correct answer.
Field status variant Currency key Posting key Document type.
What can we say about ALE (Application Link Enabling)?
There are 3 correct answers to this question. The applications are integrated via a central database. Business processes cannot be distributed using ALE. The ALE concept supports the implementation and operation of distributed SAP applications. The applications are integrated via the message exchange. The ALE concept is related to an enterprise structure with areas that have central tasks and areas with tasks that are decentralized.
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 Depreciation keys asset history sheets asset classes.
Which postings are created by the depreciation posting run?
There are 2 correct answers to this question. Postings to the depreciation accounts in the General Ledger Transfer of deprecations to cost center planning Book and cost accounting depreciations to assets Year-to-date depreciation on current assets.
What of these alternatives are considered master data?
There are 4 correct answers to this question. Vendor Chart of Accounts Asset Customer G/L Accounts.
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 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 match all other company codes assigned to the same controlling area it must be the same for all ledgers that are used by the company code.
You post a G/L document. For the Text field, the field status of the posting key is set to Required Entry and the field status of the G/L account is set to Hidden Entry, What happens during posting?
Please choose the correct answer.
The document is posted. An error message is shown. The Text field is hidden. A warning message is shown.
Your customer runs an SAP ERP system with New General Ledger Accounting activated. What do you need to do for Profit Center updates to be part of the general ledger?
Please choose the correct answer. Set up the same group currency for all company codes and profit centers. Activate transfer prices in Profit Center Accounting. Assign the Profit Center Update scenario to the ledger. Deactivate document splitting for profit centers.
Consider the following sentences about field status:
1) Fields which _____________can be made____________.
2) Fields that can be entered, but are not required, can be set to _________entry
Which of the options below matches the blank spaces of those sentences?
Please choose the correct answer.
1) must have an entry / required, 2) optional 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 not have an entry / optional, 2) suppressed.
in a customer master record, which key field for dunning is maintained on the client level?
Please choose the correct answer.
payment terms dunning procedure communication – language payment method.
Special G/L transactions can be divided into which types?
There are 3 correct answers to this question. Interest Automatic offsetting entry Noted item Free offsetting entry Value adjustment.
A vendor is also a customer. The payment program has to clear the open items. Which setting has to be maintained in both master data records?
Please choose the correct answer
The alternative payer and payee The account link The same bank details The same payment method.
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 customizing for sensitive fields in the company code segment of the vendor master record in the invoice document during posting.
Which of the following items can you assign directly to the asset master record on the Time-Dependent tab?
Please choose the correct answer.
useful life quantity Evaluation group segment.
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