Which of the following objects can you post to via the cash journal? Asset master One-time customer Customer Material master Accrual Engine.
Which object has to be used to avoid a change of the reconciliation account in the customer's master data? The field status of the customer account group. The field status of the posting key. The field status group of the reconciliation account. The field status of the activity.
What is a benefit of a drilldown report? The automatic refresh The edit and save functionality The navigation area The workflow connection.
You want to use external number assignment for specific document types. What is the special feature of external number assignment? The number ranges can be used across all company codes. The number ranges can overlap. The numbers can be alphanumeric. The system issues the numbers automatically.
Which line item field is filled automatically by the sort key field of a master record(G/L account, customer, or vendor)? Number of the invoice to which the transaction belongs Assignment Amount in document currency Item text.
You are asked to set up the accounting structure to facilitate segment reporting based on the SAP standard segmentation scenario.
Which organizational unit can used to derive the segment? Functional area Business area Profit center Company code.
Which Customizing settings can you make for payment terms? Determine a default payment method for the line item Determine a default currency code for the header of the accounting document Determine that invoices are locked for payment Determine whether a payment term is valid only for the vendor, only for the customer, or for both customer and vendor Determine that invoices are locked for dunning.
What do you define when you configure a dunning procedure? 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.
Which of the following business scenarios can be handled with accrual and deferral postings? One-time payment for fixing flooding damage Monthly subscription to a financial newspaper One-time payment for one-year cloud storage service Monthly rent payments for an office building.
What is the purpose of account determination in the accrual engine? To determine debit and credit accounts To determine the CO object To determine the document type To determine the correct posting period.
To which of the following does an asset class apply? To all company codes within a client, which share the same chart of accounts To all company codes in an instance (client-independent) To all company codes in a client To all company codes in a controlling area.
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 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 2 3 4 5.
Which functions can you use to generate inter-company posting documents? Central currency valuation Central payment Intercompany dunning Intercompany asset transfer.
Which of the following statements are true? The account group is used to control the fields displayed in the master record. Number ranges for customer/vendor account can overlap. One number range can only be assigned to one account group. An one-time account is a special customer/vendor master record which a company rarely do business. If you enter an alternative payer, the amount to clear the open items due in the account is paid by the alternative payer.
Which of the following special G/L transactions are noted items? bill of exchange payment request down payment down payment request guarantee of payment.
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? Alternative Payer/Payee One-Time account Head office and branch account Receivables reclassification.
Your customer wants to clear minor payment differences for incoming payments automatically. Which objects do you have to use to fulfill this requirement? 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 is controlled by the terms of payment? Account for cash discount received Determination of the baseline date Default payment method Setting for net procedure allowed account type.
Of the items listed below, which are NOT features of Configuration? Test Case Assignment Configure IMG Objects Generate Blueprint Transport Change Requests Project Documentation.
You post a credit memo for an invoice with a posting date one week after the invoice was entered. How can you ensure that the due date of the credit memo is the same as the due date of the invoice? ensure that the same payment terms are used in both documents enter the invoice number in the invoice reference field of the credit memo ensure that the same payment method applies to both documents enter a "V" in the invoice reference field of the credit memo.
ERP offers enterprise centric functionality (general ledger, payroll, order entry) to integrate core, internal processes. About the definition of ERP and e-business functionalities, we can say that... ERP is SAP R/3, while e-business is mySAP.com About Business Model, ERP can be considered as enterprise centric and e-business, as extended and collaborative. About Processes, ERP can have them integrated, core within enterprises and collaborative, beyond company boundaries. About Architecture, ERP can be considered as an integrated system and e-business, as an integrated system and an open integration platform. ERP is mySAP Financials and mySAP HR.
Identify the features of a Business Blueprint? Business groups Blueprint structure Business process groups Blueprint document Business scenarios Associated items.
Which function is offered in drilldown reports with the Report-to Report interface? download to a spreadsheet change to graphical output call up a transition forward to another user.
Which of the following can be defined as key figures? plan and actual indicator plan and actual variance year and period branch sales regional purchases.
You have entered a head office in your vendor master record. What is the consequence? all correspondence with the branch is automatically sent to the head office, too. the branch account is automatically assigned to the same account group as the head office account. the bank details of the branch account are automatically updated with the bank data of the head office account. all items posted to the branch account are automatically transferred to the head office account.
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. 3 1 and 2 All of them 2 1 1 and 3.
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? Field status definitions of account groups Field status definitions of company codes Field status definitions of activities Field status definition of the assigned reconciliation account.
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? You have to create customer master records for each country-specific chart of accounts. You have to create customer master records for each credit control area. You have to create customer master records for each chart of accounts. You have to create one master record for each customer.
Which infrastructure supports core business solutions in four subcomponents including people integration, information integration, process integration, and application platform? SAP Exchange Infrastructure SAP Business Process Management SAP Web AS SAP NetWeaver.
About evolution in the world of business, we can affirmate that... The internet has driven to a collaborative environment where value is created through collaboration within business communities. The next generation of "new dimension" products appeared taking functionality out of the company, to bring value through extending the Internet Revolution. In the first the companies were looking at Cost reduction and efficiency through integration of business communities. The internet revolution could turn available to companies the use of ERP functionality.
Where in Customizing can you configure that the cost center in the asset-sub number is identical to the cost center of the main asset? in the account determination of the asset class in the screen layout of the asset master in the screen layout of the depreciation area in the tab layout for the asset master record.
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? Taxes are not posted automatically, and will therefore have to be posted manually. Taxes are posted to both company codes in proportion to the expenses. 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.
Which of the following activities generates an FI document if real-time integration between CO and FI has been set up? An assessment between cost centers that belongs to two different company codes A subsequent change of a segment in a CO document A test run for the settlement run of an asset under construction to a G/L account A distribution between cost centers that reside in two different controlling area An assessment between cost center in one company code with different functional areas.
What are the requirements for the technical clearing account in new Asset Accounting? The account must be a balance sheet account The account must be flagged for "posting without tax allowed" The account must be a profit and loss account The account must be line item managed.
A customer wants to use segment reporting on balance sheet and P/L accounts. Which business function do you recommend? New General Ledger Accounting Profit Center Accounting Special Purpose Ledger Profitability Analysis.
Identify the steps in the ASAP (Accelerated SAP) Methodololgy. Final Preparation Project Preparation Business Bluprint Go Live & Support Realization Roll out.
What of these alternatives are considered master data? Asset Customer G/L Accounts Vendor Chart of Accounts.
You receive a payment where the difference from the posted invoice is larger than the stated tolerance limit. How can you deal with this? Post the difference to an account assigned to a reason code. Split the received payment so that it falls below the tolerance limit Increase the tolerance limit manually while posting the document Post the difference as a residual item.
A company codes is... A dependent accounting entity, according to Fiscal Year The highest level in the R/3 system hierarchy. An independent accounting entity (the smallest organization element for which a complete selfcontained set of accounts can be drawn up). An organizational unit that provides an additional evaluation level for the purpose of segment reporting, for example. An organizational unit in an enterprise that represents a closed system used for cost accounting purpose.
Where can you block an open vendor invoice for payment? in the company code segment of the vendor master record in customizing for sensitive fields in the general segment of the vendor master record in the invoice document during posting.
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. 2 All of them 1 and 3 1 1 and 2 3.
Your customer wants to perform their year-end closing activities. Which of the following activities are mandatory to close the books? Run the carryforward Run fiscal year change in Asset Accounting Run planning and budgeting Run balance sheet open item analysis.
Which interactive function is provided by the SAP List Viewer? Use of the report-report interface Mass reversal Creation of worklists Creation of subtotals for specific values.
Which stage of the sales process create documents for both material management and financial accounting? shipping - good issue shipping - delivery creation billing sales order creation.
Your customer is running an SAP ERP system with New General Ledger Accounting activated. All scenarios, but no customer fields, are assigned to the leading ledger.
Which objects in the totals table (FAGLFLEXT) can evaluated with drilldown reports? Segments, profit centers, cost centers, business areas, functional areas Cost centers, business areas, functional area, segments, tax codes Business areas, functional areas, segments, profit centers, user IDs Profit centers, cost centers, business areas, functional areas, divisions.
Which of the following status symbols are used in customer and vendor line item lists? Cleared Parked Open Not due Overdue.
Within the line items of FI documents, what does the posting key contorl? whether the item is posted with reference to primary or secondary cost elements the account type to which the line item can be posted the account group to which the line item can be posted the field status of additional details whether the item is posted as a debit or credit.
Which elements do you define when you create a new document type? posting keys for the document type account types allowed for posting reasons for reversal number range for the document type.
What are the prerequisites for posting a vendor invoice in Financial Accounting? You have maintained the currency exchange rates in the system You have updated the bank details section of the vendor You have set up a number range for the vendor invoice document type You have created a company code segment in the vendor master.
Which parameters do you have to specify if you want to execute a payment run? Currency Bank account Payment method Company code.
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) ? Dunning areas Separate dunning runs Dunning block reasons Dunning keys.
Which functions can be used to generate inter-company posting documents? Central procurement Central payment Central cash journal Central currency valuation.
The chief accounting officer wants the values for a special group of assets to be shown separately in the general ledger. Which objects do you need to create in Customizing for Asset Accounting to meet this requirement? a new asset class a new depreciation are a new financial statement version a new account determination key.
About BAPI (Business Application Programming Interface), what is true? In the R/3 Enterprise version (4)7) we can use BAPI to create an internal order inside a customized ABAP program. BAPIs offer a stable, standardized interface for integrating third-party applications and components in the Business Framework. A business object in the Business Object Repository (BOR) can have many methods from which one or several are implemented as BAPIs. A BAPI is assigned to one and only on business object. It is a well-defined interface providing access to processes and data of business application systems. An open architecture for cross-platform development of client/server applications based on object-oriented technology.
When capturing an incoming payment manually, which date is part of the bank data section of the document? document date currency transaction date posting date value date.
What is the segment that makes complete both customer and vendor accounts? Purchasing Organization Clinet Company code Controlling Area Sales Area.
During period end closing, the G/L accounting clerk posted a document with an incorrect account assignment. The clerk discovered the problem immediately after posting and wants to know how to reverse the document so that it does not affect debit and credit balances.
Which reversal code does the clerk need to use? actual reversal in current period reversal in closed period reversal in current period actual reversal in closed period.
Which elements do you need to enter during document posting to distinguish between international and local Generally Accepted Accounting Principles (GAAP) ? Account Groups for the Account Approach Ledger Groups for the Ledger Approach Accounts for the Account Approach Ledger for the Ledger Approach.
In which Customizing activity do you decide which special G/L transactions are to be paid automatically via the payment program? Set up Payment Methods per Company Code for Payment Transactions Set up Paying Company Codes for Payment Transactions Set up All Company Codes for Payment Transactions Set up Payment Methods per Country for Payment Transactions.
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? 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 payements Use the payment method for checks.
for which purpose do you use report variables in report variants? to save value fields across company codes to save value fields as client-independent fields to save date fields dynamically to save date fields as user-specific fields.
What are the call-up points for validations in FI? Basic data section, detailed data section, and line item Basic data section, line item, and complete document Document header, document type, and complete document Document header, line item, and complete document.
When dealing with Financial Statement Version (FSVs), how do you ensure that the requirements of the various target groups (for example auditors, tax authorities, and banks) are satisfied? Create different FSVs based on the needs of the target group. Create one FSV and enhance it with different sets of notes. Create different versions of the same FSV. Create one FSV, them save different variants based on the needs of various groups.
You want to use the same set of values for a specific creation in several reports. What is the easiest way to accomplish this? Create a D variable containing the values and use it 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. Enter the values, save them as a variant, and use this variant in all the reports.
Which of the following items can you assign directly to the asset master record on the Time-Dependent tab? segment evaluation group useful life quantity.
Which of the following functions are available in SAP Crystal Report Viewer? visualize transactions develop data mash-up visualize posting interface repost formatted data.
What happens at the goods receipt step of the reconciliation process? An FI document is generated. The invoice receipt account is debited and the vendor account is credited. FI and MM are updated simultaneously. The material stock account is credited and the invoice receipt is debited. FI and MM are updated simultaneously. The material stock account is debited and the invoice receipt is credited. An MM document is generated. The material stock account is credited.
Which information is updated on the invoice when posting a complete payment? Clearing account Clearing date Clearing document number Clearing currency.
Which of the following task types are supported by the Closing Cockpit or Schedule Manager? Notes (as a reminder or milestone) Programs with or without variant Transactions Reconciliation keys Spreadsheets.
What are the call-up points for validations in FI? Basic data section, line item, and complete document Document header, line item, and complete document Basic data section, detailed data section, and line item Document header, document type, and complete document.
How do you implement parallel accounting in Asset Accounting? By using an extra chart of accounts By using two depreciation areas By using two asset classes By using two different charts of depreciation.
How does SAP support impairment posting? By using new transaction codes for retirements By using Segment Reporting By using worklists By using special depreciation keys.
What can we define into the chart of accounts customizing transaction (OB13 transaction) ? Description Maintenance language Length of the company code Length of the G/L account number Blocking / unblocking chart of accounts.
Your company code is set up to post three ledgers representing separate accounting principles. Each ledger is assigned to the local currency and the group currency and the group currency. You want to configure new Asset Accounting.
What is the minimum number of depreciation areas required? 6 1 9 3.
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.
You configured new Asset Accounting for your company code with three depreciation areas that post in real time. When posting an external acquisition, how many documents are created? 6 2 4 3.
To which organizational unit can you assign your validation and substitution? Profit center Segment Company code Business area.
Consider the following sentences, which of them is false?
1) The variant principle is a three-step method used in R/3 to assign special properties to one or more R/3 objects.
2) One of the disadvantage to use variants is that it can't deal with the maintenance of properties, which are common among several business objects.
3) For using the variant principle, you must define the variant, populate it with values and assign it to the R/3 objects.
4) This principle is used for Fiscal Years, Posting Periods and so on. 1 2 3 4 1 and 2 1 and 3.
What is an independent fiscal year variant? It is a variant which you can define different number of periods, according to the year. 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 allows the use of different number of posting periods.
Which activities must be performed to create new validations and substitutions? Select the current call-up point Choose the chart of accounts Define the area of application Deactivate all former validations and substitutions.
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