SAP ERP Financial Accounting (3)

What elements of a customer account are created when you maintain the account decentralized in Financial Accounting? Please choose the correct answer. General data and sales area data. General data, company code data, and purchasing organization data. General data, company code data, and sales area data. General data and company code data.

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 Payment Methods per Country for Payment Transactions. 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.

When parking a document, which of the following occurs in the system? Please choose the correct answer. The document number is not assigned but transaction figures are updated. The document number is assigned but transaction figures are not updated. The document number is assigned and transaction figures are updated. The document number is not assigned and transaction figures are not updated.

What is the purpose of account determination in the accrual engine? There are 2 correct answers to this question. To determine the correct posting period. To determine the document type. To determine debit and credit accounts. To determine the CO object.

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

Which objects can be assigned to an asset master record with New General Ledger Accounting? There are 3 correct answers to this question. Internal order. Profitability segment. Profit center. Account determination. Segment.

Identify the main areas of the Implementation Roadmap from the items listed below? There are 3 correct answers to this question. Viewing / Text area. IMG area. Roadmap structure Attachments area. Accelerator area.

Which of the following statements are true? There are 3 correct answers to this question. Every company code that needs to use an account from the assigned chart of accounts has to create its own company code segment. Number intervals for G/L account master records can overlap. It is not possible to influence the appearance of an account's master data. 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. For P+L statement accounts, the balance is carried forward to the same account.

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

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. Set up a new exchange rate type and assign it to a valuation method. Assign a valuation method to all customer master records that you want to valuate. Set up a valuation method and assign it to a valuation area. Set up the Valuation Cockpit to perform this task.

What can we say about ALE (Application Link Enabling)? There are 3 correct answers to this question. 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.

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 stops and the system issues an error message. The payment run temporarily stops, and the system prompts you to correct the data. After you have data, the payment run continues. Master data overrides document data.

At which level is the vendor account number (master record) assigned? Please choose the correct answer. At the client level. At a combination of client and purchasing organization segment level. At the company code segment level. At a combination of client and company code segment level.

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 Text field is hidden. A warning message is shown. An error message is shown. The document is posted.

Which of the following is a typical process sequence in Product Sale from Stock? Please choose the correct answer. Purchase requisition -> Delivery/Transport -> Dunning and payment -> Billing. Purchase requisition -> Billing -> Transport/Goods receipts -> Dunning and payment. Incoming order -> Goods receipts/Transport -> Dunning and payment -> Billing. Incoming order -> Transport/Delivery -> Billing -> Dunning and payment.

Which are the necessary steps to create a validation? Please choose the correct answer. Check, control, message. Prerequisite, check, update, control. Prerequisite, check, message. Check, update, message.

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. An error occurs. The term of payment is copied from the last valid invoice of the customer. The term of payment is valid.

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. Currency key. Tolerance group. Document type. Field status variant.

Your customer wants to access line items for individual P/L accounts without leaving the balance sheet and P/L display. What do you recommend? Please choose the correct answer. Use a drilldown report. Use the standard Financial Statements (RFBILA00) report. Run a line item report. Activate the Line Item Display flag in the financial statement version.

Which of the following status symbols are used in customer and vendor line item lists? There are 3 correct answers to this question. Open. Not due. Overdue. Cleared. Parked.

Identify the main areas of the Implementation Roadmap from the items listed below? There are 3 correct answers to this question. Viewing / Text area. Accelerator area. IMG área. Roadmap structure Attachments area.

What is a SAP Business Object ? Please choose the correct answer. It is the instanced class of the Class Builder. It is all the transaction data generated via transactions. It is a sequence of dialog steps that are consistent in a business context and that belong together. 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. 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.

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.

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 G/L account and tolerance groups for customers/vendors. Tolerance groups for G/L account and tolerance groups for employees. Tolerance groups for employees and tolerance groups for customers/vendors. Tolerance groups for employees and tolerance groups for document types.

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

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

In which life cycle scenarios is the SAP Solution Manager used? There are 3 correct answers to this question. Optimization. Retirement. Operations. Scoping. Implementation.

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

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. Deactivate document splitting for profit centers. Activate transfer prices in Profit Center Accounting. Set up the same group currency for all company codes and profit centers. Assign the Profit Center Update scenario to the ledger.

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

Which of the following statements are true? There are 3 correct answers to this question. The account group is used to control the fields displayed in the master record. 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.

Consider the following statements about currencies concepts, Which of them is true? 1) The currency code identifies each currency that will be used into R/3 system. 2) You have to define all the world's currency into R/3 system. 3) Exchange rate types distinguishes the exchange rates to be considered for various purposes, such as valuation, translation, conversion, planning, etc. Please choose the correct answer. 2. 1 and 3. 1 and 2. All of them. 3. 1.

Which object has to be used to avoid a change of the reconciliation account in the customer's master data? Please choose the correct answer. The field status of the posting key. The field status of the customer account group. The field status of the activity. The field status group of the reconciliation account.

You need to assign more than one company code to one controlling area. Under what kind of a business scenario would you need to consider such a decision? There are 2 correct answers to this question. Representation of intercompany processes, whereby producing and delivering plant are the same. Cross-company code transactions that MUST be processed in a controlling area. Multilevel Product Cost Management across company codes.

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. No additional settings are necessary. Allow all document types for the new company code. Set a second number range for all document types. Define number ranges for the new company code.

Which of the following is mandatory to make G/L accounts ready for posting? Please choose the correct answer. 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. A company code segment and at least one cost element.

What is the disadvantage of using the group chart of accounts? Please choose the correct answer. Because you must enter the group account number in the chart of accounts segment of the operational. Because the company codes use different operational chart of accounts, you cannot carry out cross-company code controlling. Because the group chart of accounts must be assigned to each operational chart of accounts. Because changes to existing G/L Accounts are effective as soon as they have been saved and could have extensive consequences. Because accounts with the account currency as local currency can only be posted to this local currency.

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

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.

The organizational units of Financial Accounting are used for external reporting purposes that is, they fulfill requirements that your business is subject to from external parties (e.g. legal regulations) Which of the following Organizational units are Mandatory in an ERP system with Fl? There are 3 correct answers to this question. Business Area. Client. Fiscal Year. Company Code.

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 system issues the numbers automatically. The number ranges can overlap. The number ranges can be used across all company codes. The numbers can be alphanumeric.

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

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 line ítems. Blocked accounts. Sales statistics.

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. In the first the companies were looking at Cost reduction and efficiency through integration of business communities. The next generation of "new dimension" products appeared taking functionality out of the company, to bring value through extending the Internet Revolution. The internet has driven to a collaborative environment where value is created through collaboration within business communities.

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 -> Goods issue -> Purchase verification -> Invoice receipts -> Payment. Purchase requisition -> Purchase order -> Goods receipt -> Invoice verification -> Payment. Purchase order -> Purchase requisition -> Goods receipt -> Invoice verification -> Payment.

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 ? Please choose the correct answer. Create different versions of the same FSV. Create different FSVs based on the needs of the target group. 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.

You want to use the same set of values for a specific criterion in several reports. What is the easiest way to accomplish this? Please choose the correct answer. Create a D variable containing the values and use it in all the reports. Enter the values, save them as a variant, and use this variant in all the reports. Create a set containing the values and use it in all the reports. Create a selection variable containing the values and use it in all the reports.

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. Create a user-specific program to substitute the wrong cost centers automatically overnight. 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.

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 definitions of activities. Field status definitions of company codes. Field status definition of the assigned reconciliation account.

Your customer wants to perform their year-end closing activities. Which of the following activities are mandatory to close the books? There are 2 correct answers to this question. Run the carryforward. Run fiscal year change in Asset Accounting. Run planning and budgeting. Run balance sheet open item analysis.

For which scenario can you use the cash journal? Please choose the correct answer. To make remittances to vendors. To record documents that will not be included in the general ledger. To manage cash in local branches and offices. To post incoming and outgoing payments in any transaction currency.

When parking a document, which of the following occurs in the system? Please choose the correct answer. The document number is not assigned and transaction figures are not updated. The document number is assigned and transaction figures are updated. The document number is not assigned but transaction figures are updated. The document number is assigned but transaction figures are not updated.

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

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 ?. You can post in FI directly to a segment. You can assign the segment to the asset master record. Segments are derived from profit centers in the standard system. You can assign a segment to a cost accounting object such as a cost center or internal order. You can assign the segment to the material master.

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

What does the fiscal year variant control? There are 2 correct answers to this question. The open periods (a period interval for closing and another for day-to-day business). 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.

Which steps are necessary to run a payment program? There are 3 correct answers to this question. Schedule print. Configure open item list. Start proposal run or payment run. Start transfer of open items to the payment program. Maintain parameters.

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 status of the AuC is set to Summary Management. The AuC has not been released. There is no settlement profile assigned to the company code. The settlement profile does not allow assets as valid receivers.

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 valuation method and assign it to a valuation area. Set up a new exchange rate type and assign it to a valuation method. Set up the Valuation Cockpit to perform this task.

Which of the following statements are true? There are 3 correct answers to this question. Every company code that needs to use an account from the assigned chart of accounts has to create its own company code segment. Number intervals for G/L account master records can overlap. It is not possible to influence the appearance of an account's master data. For P+L statement accounts, the balance is carried forward to the same account. 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.

How can the short text field of a G/L account be changed? Please choose the correct answer. Individually, in the company code segment. Centrally, in the chart of accounts segment. 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.

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. Balance sheet accounts. Balance sheet and P&L accounts. Accounts managed only on the basis of open items.

Identify the features of a Business Blueprint ? There are 5 correct answers to this question. Blueprint document. Business groups. Blueprint structure. Associated ítems. Business process groups. Business scenarios.

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

Consider the following statements, Which of the following statements are true? 1) Accounts with open item management must have line item display activated. 2) You can activate or deactivate open item management everytime, even if the account hasn't a zero balance. 3) 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. 1. 4. 3. 2. 5.

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. Sort variant. Valuation area. Sort key. Depreciation area.

What are the advantages of the Payment Medium Workbench (PMW)? There are 3 correct answers to this question. It provides a uniform set of functions for all kinds of payment methods. It automatically creates direct debits. It can be used to create new payment formats. It activates the automatic import of settings related to changes in payment transaction laws. It can be used to change payment formats without modifying the programs.

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 company codes that can be used for the account group. The One-Time Account checkbox. The sensitive fields for dual control. The number range of master data accounts. The fields that are available during posting to vendor accounts.

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. Set a second number range for all document types. Allow all document types for the new company code. No additional settings are necessary. Define number ranges for the new company code.

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 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. Taxes are not posted automatically, and will therefore have to be posted manually.

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 in one company code with different functional areas. A subsequent change of a segment in a CO document. A distribution between cost centers that reside in two different controlling areas. A test run for the settlement run of an asset under construction to a G/L account. An assessment between cost centers that belong to two different company codes.

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 country-specific chart of accounts and assign it to the company code. 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 group chart of accounts.

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

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 posts down-payments to a reconciliation account that is different from that of ordinary payables and receivables. 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.

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

In which life cycle scenarios is the SAP Solution Manager used? There are 3 correct answers to this question. Implementation. Operations. Optimization. Scoping. Retirement.

What is an independent fiscal year variant? Please choose the correct answer. 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 not normally used because of its particularity. 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.

Which infrastructure supports core business solutions in four subcomponents including people integration, information integration, process integration, and application platform ? Please choose the correct answer. SAP Business Process Management. SAP Exchange Infrastructure. SAP NetWeaver. SAP Web AS.

Your customer wants to access line items for individual P/L accounts without leaving the balance sheet and P/L display. What do you recommend? Please choose the correct answer. Activate the Line Item Display flag in the financial statement version. Use the standard Financial Statements (RFBILA00) report. Run a line item report. Use a drilldown report.

Which SAP NetWeaver component ensures company-wide unification of data and information in heterogeneous IT environments? Please choose the correct answer. Enterprise Portal. Integration Broker. Web Application Server (AS). Master Data Management.

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. Interest calculation. Baseline date for due date calculation. Cash discount periods.

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 an individual value adjustment based on special G/L transaction. 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.

Which functions are provided by the Reclassify Payables/Receivables closing activity? There are 2 correct answers to this question. Adjustment postings for changed reconciliation accounts. Credit check and rating of open items. Automatic correction of bad debits or credits. Open item analysis for liquidity forecast. Regrouping and sorting of payables and receivables.

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 ? Please choose the correct answer. Create different versions of the same FSV. Create one FSV, then save different variants based on the needs of the various groups. Create one FSV and enhance it with different sets of notes. Create different FSVs based on the needs of the target group.

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. 2. 3. 1. 4.

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

Which account assignment objects can be maintained directly in the asset master data in SAP ERP 6.0 EhP5 (Enhancement Package 5) with new G/L activated ? There are 2 correct answers to this question. Asset network. Profit center. Segment. Depreciation center.

Of the items listed below, which are NOT features of Configuration? There are 2 correct answers to this question. Generate Blueprint. Project Documentation. Transport Change Requests. Configure IMG Objects. Test Case Assignment.

Which of the following accounts are updated directly? Please choose the correct answer. Accounts in the master chart of accounts. Accounts in the country chart of accounts. Accounts in the operating chart of accounts. Accounts in the group chart of accounts.

Which of the following are the main components of a drilldown report? Please choose the correct answer. Characteristics and variables. Variables and general selection criteria. Variables and key figures. Characteristics and key figures.

What does the SAP Web AS provide? Please choose the correct answer. Master data harmonization across SAP NetWeaver. Storage of all transactional documents in one single database. Real-time data exchange with all SAP systems. J2EE and ABAP in a single environment.