SAP ERP Financial Accounting (2)

A customer requires a balance sheet per segment but does not require a balance sheet per profit center. You discuss the features of segments and profit centers with him. Which features can you highlight ? There are 3 correct answers to this question. Segments are derived from profit centers in the standard system. You can assign the segment to the asset master record. You can assign the segment to the material master. You can assign a segment to a cost accounting object such as a cost center or internal order. You can post in FI directly to a segment.

You receive a payment where the difference from the posted invoice is larger than the stated tolerance limit. How can you deal with this? There are 2 correct answers to this question. Post the difference as a residual item. Split the received payment so that it falls below the tolerance limit. Increase the tolerance limit manually while posting the document. Post the difference to an account assigned to a reason code.

What are the benefits of using the accrual engine? There are 3 correct answers to this question. The accrual engine can simulate planned future accruals. The accrual engine supports parallel accounting. 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 is client-independent.

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. Two – one for each house bank. Three – one for each bank account. Six – one for each combination of house bank and bank account.

For reports in Asset Accounting, which object do you have to use and, where necessary, customize to determine the sort level and/or the summation level ? Please choose the correct answer. Depreciation área. Sort key. Sort variant. Valuation área.

Which of the following objects must you enter when posting an asset acquisition against a vendor? There are 3 correct answers to this question. Transaction type. Special G/L transaction. Document type. Asset master record. Fixed asset balance sheet account.

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. Assignment. Item text. Amount in document currency.

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. Make an individual value adjustment based on special G/L transaction. Enter a value adjustment key in the customer master. Create and dispatch a valuation run for each period during closing operations.

During reorganization, two cost centers are merged, and all future postings should go to only one of them. If postings are made to the wrong cost center in future FI-postings, your customer wants to ensure that the wrong cost center is automatically replaced by the correct one. What will you recommend? Please choose the correct answer. Define a validation in CO to ensure that the functional area is filled in the cost center master. Define two substitutions for the Line Item call-up point. Define a substitution in FI with the wrong cost center as a prerequisite and the correct one as the substituted value. Create a user-specific program to substitute the wrong cost centers automatically overnight.

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. 2 and 3. 3 and 4. 1 and 3. 2 and 4. 2 and 4.

What of these alternatives are considered master data? There are 4 correct answers to this question. Chart of Accounts. G/L Accounts. Customer. Asset. Vendor.

Which interactive function is provided by the SAP List Viewer? Please choose the correct answer. Creation of worklists. Use of the report-report interface. Creation of subtotals for specific values. Mass reversal.

Your customer wants all items that are posted to their customer account to be transferred to their headquarters automatically. Which function do you have to use to fulfill this requirement? Please choose the correct answer. Head office and branch account. One-Time account. Receivables reclassification. Alternative Payer/Payee.

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. 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. 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.

How can the short text field of a G/L account be changed? Please choose the correct answer. By making sure that the field status of the chart of accounts segment allows it. By making the change at the start of a new fiscal year. Individually, in the company code segment. Centrally, in the chart of accounts segment.

A customer wants to define a chart of depreciation. How do you recommend setting up depreciation areas? Please choose the correct answer. Based on the relevant chart of accounts. Based on the aims of internal or external reporting. Based on company codes. Based on relevant currencies.

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 Paying Company Codes for Payment Transactions. Set Up Payment Methods per Company Code for Payment Transactions. Set Up All Company Codes for Payment Transactions. Set Up Payment Methods per Country for Payment Transactions.

What do you define when you configure a dunning procedure? Please choose the correct answer. Dunning levels and dunning charges for each dunning level. 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.

A customer is running SAP ERP 6.0 with New General Ledger Accounting. For which purpose can they use the Closing Cockpit? Please choose the correct answer. To perform day-to-day activities. To perform periodically recurring activities. To run reconciliation between CO and FI. To create mass change of offsetting days for existing activities.

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 closes the posting period automatically on the last day of the period. It optimizes legacy data transfer. It provides complete documentation of the activities performed during period-end closing.

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 method for checks. Create an additional field in the coding block called Check. Use the payment term 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.

You want to reconcile the amounts you have in a main bank G/L account in your system with the daily bank statement. You create a single intermediate G/L bank account for each bank. All transactions with the bank are posted through the intermediate account. Which of the following indicators do you have to activate in the G/L account characteristics of the intermediate account? There are 2 correct answers to this question. Line item display. Reconciliation account for account type Bank. P&L statement account. Open item management. Post automatically only.

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 ?. Cash management group. Single bank account. Alternative payer/payee. Head office and branch account.

What additional options does parking documents offer compared to holding documents ? There are 2 correct answers to this question. A parked document can be posted via automatic speech recognition. A parked document can be posted cross-client to minimize the Total Cost of Ownership (TCO). A parked document can be posted using a workflow. A parked document can be changed and posted by another user, thereby supporting the principle of dual control.

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 to this question. Service Level Management. Component Solution Monitoring. System Monitoring. User Level management. Business Process Monitoring.

Which of the following objects can you post to via the cash journal? There are 2 correct answers to this question. Customer. Asset master. Material master. Accrual Engine. One-time customer.

Which of the following lists can be printed to help you edit a dunning proposal? There are 2 correct answers to this question. Condensed master data. Blocked accounts. Sales statistics. Blocked line ítems.

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. Activate cost of sales accounting. Define a retained earnings account. Define two retained earnings accounts and assign them to your P&L accounts.

Which are the segments of the MM view of the customer account master data? There are 2 correct answers to this question. Client. Company Code. Purchasing Organization. Controlling Area. Sales 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 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. You have to create customer master records for each country-specific chart of accounts.

Question: What are the necessary elements required to create a customer-specific drilldown report for New General Ledger Accounting? There are 2 correct answers to this question. Characteristics. A form. Variables. A report header.

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. Receivables reclassification. One-Time account. Head office and branch account. Alternative Payer/Payee.

Which objects can be assigned to an asset master record? There are 3 correct answers to this question. Profit center. Profitability segment. WBS element. Internal order. Cost center.

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.

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. Separate dunning runs. Dunning keys. Dunning block reasons. Dunning áreas.

What do you define when you set up a depreciation area? Please choose the correct answer. The account determination. The asset number ranges. The posting to the general ledger. The posting to the general ledger.

A company code is... Please choose the correct answer. The highest level in the R/3 system hierarchy. An independent accounting entity (the smallest organization element for which a complete self- contained set of accounts can be drawn up). An organizational unit in an enterprise that represents a closed system used for cost accounting. An organizational unit that provides an additional evaluation level for the purpose of segment reporting, for example. A dependent accounting entity, according to Fiscal Year.

You entered a non-invoice-related credit memo and selected Net Due 30 Days as the term of payment. The Invoice Reference field is empty. What effect does this have on the term of payment entered in the credit memo ? Please choose the correct answer. The term of payment entered in the credit memo is replaced by the term of payment from the last valid customer invoice. An error occurs. The term of payment entered in the credit memo is used during clearing. The term of payment entered in the credit memo is ignored during clearing.

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. Global Template Roadmap. Solution Management Roadmap. Download Roadmap. Solution Roadmap. Upgrade Roadmap. Implementation Roadmap.

What characteristics are configured as standard for every customer/vendor account? There are 2 correct answers to this question. Currency. Purchasing Organization. Line Item Display. Company Code. Open Item Management.

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 need to control which periods are open for posting for the company code. The fiscal year start and end period of the company. The existence of a shortened fiscal year. The use of a specific fiscal year variant by other company codes on the client.

What is a SAP Business Object ? Please choose the correct answer. It is the representation of a central business object in the real world, such as an employee, sales order, purchase requisition, invoice and so on. It is a sequence of dialog steps that are consistent in a business context and that belong together logically. It is the instanced class of the Class Builder. It is all the transaction data generated via transactions. It is composed of tables that are related in a business context, including the related application programs and it is maintained in the Class Repository.

What do you define when you configure a dunning procedure? Please choose the correct answer. Dunning levels and the language of the dunning note. Dunning levels and dunning charges for each dunning level. Dunning levels and account determination to post dunning interest. Dunning charges for each dunning level and customers to be dunned.

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. Document type. Field status variant. Currency key. Posting key.

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 want to capitalize an Asset under Construction (AuC) using the line item settlement process. However, the settlement does not work. What could be the reason? There are 3 correct answers to this question. The Depreciation Engine is not active. The settlement profile does not allow assets as valid receivers. There is no settlement profile assigned to the company code. The AuC has not been released. The status of the AuC is set to Summary Management.

What are the call-up points for validations in FI ? Please choose the correct answer. Document header, line item, and complete document. Basic data section, detailed data section, and line item. Document header, document type, and complete document. Basic data section, line item, and complete document.

Which of the following task types are supported by the Closing Cockpit or Schedule Manager? There are 3 correct answers to this question. Programs with or without variant. Reconciliation keys. Notes (as a reminder or milestone). Transactions. Spreadsheets.

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 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. The payment program must be set up to allow debit checks for vendors and credit checks for customers.

Which SAP NetWeaver component realizes cross-system application processes? Please choose the correct answer. SAP Enterprise Portal (SAP EP). SAP Exchange Infrastructure (SAP XI). SAP Business Warehouse (SAP BW). SAP Master Data Management (SAP MDM).

Which functions can you use to generate inter-company posting documents? There are 2 correct answers to this question. Central payment. Intercompany dunning. Central currency valuation. Intercompany asset transfer.

Which are the segments of the MM view of the customer account master data? There are 2 correct answers to this question. Controlling Area. Sales Area. Company Code. Purchasing Organization. Client.

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. Bank account determination. Company code data for the payment methods. Paying company codes for payment transactions.

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 discount percentage rates. Cash flow calculation. Interest calculation. Baseline date for due date calculation. Cash discount periods.