Q2_SPA FI 52_67

During which actions does the system assign the document number for Financial Accounting?. Simulate. Hold. Park. Post.

You have been asked to copy a company code from an existing company code. Which existing objects can be assigned automatically?. G/L accounts. Controlling areas. Customer master data. Profit center groups.

Your compant code uses USD as the company currency. You are trying to post to an account in EUR but get an error message that you cannot post to this account. What is the reason?. The translation rate between EUR and USD is NOT maintained. The account determination for exchange rate differences is missing for the account. The Only Balances in Local Currency indicator is set in the account. The currency maintained in the account master record is USD.

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?. Set up the Valuation Cockpit to perform this task. 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. Assign a valuation method to all customer master records that you want to valuate.

Your customers do you pay open invoices. How can you accomplish an automatic flat-rate individual value adjustment?. Create and dispatch a valuation run for each period during closing opeartions. Make a statistical flat-rate value adjustment posting for each period manually. Enter a value adjustment key in the customer master. Make an individual value adjustment based on special G/L transaction.

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

Which fields can be edited before a parked document is posted?. Currency. Amount. Company code. Account. Posting date.

What data is defined on the level of bank master data?. Payment and dunning information. Corresponding business partner. Address data and control data. A unique bank country and bank key.

If a vendor is also a customer, which settings are necessary to clear both roles against each other?. The Clearing with Vendor field must be selected in the customer account, and the corresponding field must be selected in the vendor account. 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 payment program must be set up to allow debit checks for vendors and credit checks for customers.

Your customer wants to add a new company code and asks you to make the configuration settings for types and number ranges. What do you have to do?. Define number ranges for the new company code. Set a second number range for all document types. Allow all document types for the new company code. No additional settings are necessary.

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

Which of the following factors determine field status for vendors?. Account group, transaction, and chart of accounts. Transaction, chart of accounts, and company code. Account group, transaction, and company code. Account group, chart of accounts, and company code.

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?. Complete year-end closing. Migrate to an SAP HANA database. Migrate to new G/L accounting. Use the SAP Fiori interface.

What additional options does parking documents offer compared to holding documents?. A parked document can be changed and posted by another user, thereby supporting the principle of dual control. 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 posted via automatic speech recognition.

What are the necessary elements required to create a customer-specific drilldown report for New General Ledger Accounting?. Characteristics. A form. Variables. A report header.

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?. Change the tax percentage for existing input tax codes to 18%. Change the tax percentage for input and output tax codes to 18%. Create new tax codes with 18% VAT percentage for input tax. Create new tax codes with the 18% VAT percentage for input and output tax.

What do you need to configure in order to create a correspondence type?. Variables. Form. Tolerance group. Print program.

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

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

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

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 no the term of payment?. The term of payment is invalid. The term of payment is copied from the last valid invoice of the customer. The term of payment is valid. An error occurs.

For which scenario can you use the cash journal?. 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.

For the creation of drill down reports, what objects do you need to define?. ABAP code. Validations. Forms. Key figures. Characteristics.

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

What can you edit in the payment proposal?. Payment data in customer or vendor master record. Assignment to another house bank. Payable amount for a down payment. Payment block for an open item. Cash discount for each line item.

Which postings are created by the depreciation posting run?. Transfer of deprecations to cost center planning. Postings to the depreciation accounts in the General Ledger. Year-to-date depreciation on current assets. Book and cost accounting depreciations to assets.

How does the system behave when an invoice is processed as a residual payment?. All documents remain in the account as open items. The original document and payment are cleared. The payment document is posted as a down payment. The payment term of the original document is changed.

Which options are available to define the number range of a document?. Continuous. Ledger group specific. For every fiscal year. For every fiscal year variant.

How can you avoid the creation of duplicate vendor master data?. Execute the master data comparison reports RFKKAG00 and RFDKAG00. Mark the VAT Registration Number in the field status group as required. Mark the VAT Registration Number as a sensitive field. Use match code and activate the automatic duplication check.

You set up a new account group. Which Customizing settings for vendors can you control directly in this account group?. The number range of master data accounts. The fields that are available during posting to vendor accounts. The company codes that can be used for the account group. The sensitive fields for dual control. The One-Time Account checkbox.

Which entries can you define when maintaining a G/L account?. Field status group. Account group. Open item management. Ledger assignment. Profit center.

Which of the following statements are true?. The "Only Balances in Local Currency" indicator must not be set in reconciliation accounts for customers or vendors. The usage of a financial statement version for the group chart of accounts is optional. The "Only Balances in Local Currency" indicator is usually set in balance sheet accounts that are not managed in foreign currencies and not managed on an open item basis. You can use a group chart of accounts for internal purposes. Accounts with a foreign currency as an account currency can be posted to any currency.

Which specifications can you choose in the reverse document header data to reverse a general ledger positng?. Document date. Payment block. Posting date. Base date.

Which of the following are interactive functions available in the SAP List Viewer?. Summation. Filters. Sorting. Dual control. Master data modification.

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

What is the purpose of the group account number in G/L account master maintenance?. It defaults the number interval that is applied for the G/L account number in the company code. It determines the fields in the entry screen when you create or update a master record in the company code. It is used for cross-company code reporting if the company codes use different chart of accounts. It acts as the key to identity the balance sheet and profit and loss accounts in the financial statement version.

What is the correct order of steps to set up the Financial Closing Cockpit?. 1. Create template 2. Create tasks 3. Define dependencies 4. Create task list. 1. Create tasks 2. Define dependencies 3. Create template 4. Create task list. 1. Create tasks 2. Define dependencies 3. Create task list 4. Create template. 1. Create template 2. Create tasks 3. Create task list 4. Define dependencies.

Which activities does the regrouping program of receivables and payables support?. Grouping receivables and payables by their remaining life. Regrouping of receivables and payables to accrual earnings or expense. Regrouping and clearing open items for affiliated companies on customers and vendors. Regrouping open items based on changed reconsolidation accounts.

Sensitive fields have been defined and customized for vendor master data. For which of the following sensitive fields will an update trigger dual control?. IBAN. Currency. Account group. Vendor account group.

A company uses different terms of payment. What can you define for these terms of payment?. Baseline date for due date calculation. Cash flow calculation. Cash discount percentage rate. Cash discount periods. Interest calculation.

What needs to be maintained in Customizing to allow cross-company code transactions?. Field movement. Posting authorizations. Clearing accounts. VAT accounts. Posting keys.

Down payments can be posted using a special G/L transaction. What is the main benefit of this functionality?. It posts down-payments to a reconciliation account that is different from that of ordinary payables and receivables. It shows data in the appendix of the balance sheet. It automatically creates the final invoice and clears down-payments against it. It automatically clears down-payment requests.

In an asset main number in Asset Accounting, which information can be different between international GAAP and local GAAP?. Deprecation. Asset capitalization date. Net book value. Asset class.

Which characteristics of account determination can be used to assign realized exchange rate differences to different G/L accounts?. Valuation method. Reconciliation account. Chart of accounts. Currency. Valuation key.

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?. Create a country-specific chart of accounts and assign it to the group chart of accounts. 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 company code. Create a country-specific chart of accounts and assign it to the regular chart of accounts.

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

You want to use foreign currency valuation in the ledger solution. Which objects are required in Customizing?. Value adjustment keys. Account determinations. Valuation areas. Reply addresses for balance confirmation. Accounting principles.

What do you define when you set up a depreciation area?. The account determination. The asset number ranges. The posting to the general ledger. The company code in Asset Accounting.

You have posted an incorrect amount in Financial Accounting. How can you correct this?. Delete the document. Use a substitution to change the incorrect amount. Reverse the document by normal reversal posting. Reverse the document by negative posting. Change the amount in the posted document.

What does the year-end closing program do in Asset Accounting?. It checks whether the previous year has been closed in Financial Accounting. It opens new annual value fields for each asset. It checks whether depreciation and assets are fully posted. It checks whether assets contain errors or are incomplete.

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. 1 and 2. None of them. 2 and 3. 1 and 3. All of them.

In the Data Entry view, what is the maximum number of line items in a single FI document?. 99. 999. Unlimited. 9999.

You can configure different types of Chart of Accounts in the ERP system. Which one of the following are TRUE Chart of Accounts?. Operating chart of accounts. Country-specific chart of accounts. Group chart of accounts. Plant-specific chart of accounts.

Fiscal year variant F1 has six posting periods and fiscal year variant F2 has four posting periods. The posting periods have different start and end dates for each fiscal year. Variant F1 is assigned to leading ledger (0L) and F2 assigned to the non-leading ledger(N1). You get an error message when making a posting in the non-ledger ledger. What causes this error message?. Posting period for the non-leading ledger group "N1" is closed. The fiscal year variant of the non-leading ledger and the leading ledger are different. The posting is being made in a special period, but both variants are examples of a shortened fiscal year. The posting period variant of the non-leading ledger and the leading ledger are different.

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?. Depreciation calculation start date and document date. Document date and posting date. Document date and asset value date. Posting date and asset value date.

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?. 3. 6. 1. 4.

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?. Depreciation center. Asset network. Profit center. Segment.

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

To which organizational unit can you assign your validation and substitution?. Profit center. Segment. Company code. Business area.

Which objects can be assigned to an asset master record?. Cost center. Profit center. Internal order. Profitability segment. WBS element.

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) Go Live & Support, 5) Realization. 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. 1) Business blueprint, 2) Project preparation, 3) Final preparation, 4) Realization, 5) Go Live & Support. 1) Go Live & Support, 2) Project preparation, 3) Business blueprint, 4) Final preparation, 5) Realization.

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

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

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

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

What does the fiscal year variant control?. The number of special periods available in addition to the normal periods. 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).

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?. Run a line item report. Activate the Line Item Display flag in the financial statement version. Use a drilldown report. Use the standard Financial Statements (RFBILA00) report.

Which of the following objects can be used to derivate segments automatically?. G/L account. Cost center. Profit center. Functional area.

What does the year-end closing program in asset accounting do?. 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.

Which objects can be assigned to an asset master record with New General Ledger Accounting?. Segment. Profit center. Account determination. Internal order. Profitability segment.

A customer wants to create a report that is to be run on a monthly basis showing documents within a specific range for a specific company code that have been posted within the current month. How can you create this type of report?. - Create a Compact Document Journal report. - Enter the values for the document range and company code. - After saving this as a variant, add an appropriate T (Table) variable for the posting date on the Variant Attributes screen. - Create a Compact Document Journal report. - Enter the values for the document interval and company code. - After saving this as a variant, add an appropriate D (Dynamic Date Calculation) variable for the posting date on the Variant Attributes screen. - Create a G/L Account Balances report. - Enter the values for the document range and company code. - After saving this as a variant, add an appropriate D (Dynamic Date Calculation) variable for the posting date on the Variant Attributes screen. - Create a Compact Document Journal report. - After running the report, save it to your desktop, where it can be updated every month.

Which two data sections are part of every asset?. Valuation area data section. Depreciation data section. Master data section. Account determination data section.

What are the prerequisites for setting up cross-company-code cost accounting?. The same variant for open periods is used for all company codes. The same fiscal year variant is used for all company codes. The same chart of accounts is used for all company codes. The same currency is used for all company codes.

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?. Cross-company code transactions that MUST be processed in a controlling area. Multilevel Product Cost Management across company codes. Representation of intercompany processes, whereby producing and delivering plant are the same.

What characteristics are configured as standard for every customer/vendor account?. Purchasing Organization. Open Item Management. Company Code. Currency. Line Item Display.

Your company uses only book depreciation and you activate the new depreciation engine. The book depreciation key Z010 currently 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?. Create a new asset referencing the asset you want to change. On the Depreciation Areas screen, select depreciation key Z020. Then post an asset transfer from the existing asset to the new asset. Call the Depreciation Areas screen in the asset master and change the depreciation key from Z010 to Z020. Also change the ordinary depreciation start date to April 1st. Call the Depreciation Areas screen in the asset master and assign the key Z020 with validity start date of April 1st. Undo the depreciation postings for the asset in the current year. Then call the Depreciation Areas screen in the asset master and change the key from Z010 to Z020.

You 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?. Reconciliation account for account type Bank. Line item display. Post automatically only. Open item management. P&L statement account.

Your customer wants to use the Closing Cockpit for period end closing. What major benefits of the Closing Cockpit do you highlight?. It provides complete documentation of the activities performed during period-end closing. It optimizes legacy data transfer. 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.

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

You use the accounts approach for parallel valuation in a new G/L system. If you used the ledger approach instead, which objects would be different. Depreciation Areas. Leading Ledger. Asset Classes. Chart of Accounts. Financial Statement Version.