SAP FI Certification 3rd part

Which of the following describe characteristics of master data? (Choose two). Master data is used on a long-term basis for multiple business processes. Master data is typically assigned to organizational levels. Master data must be assigned on company code level. Master data cannot be changed after creation. Master data is a template for transactional data.

You want to update the Search Term 2 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? (Choose two). Field status definitions of activities. Field status definitions of company codes. Field status definitions of the assigned reconciliation account. Field status definitions of account groups.

How does SAP support impairment posting?. By using new transaction codes for retairments. By using Segment Reporting. By using worklists. By using special depreciation keys.

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.

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 reaons for this? (Choose three). There is no settlement profile assigned to the company code. The AuC has not been released with the status "Technically Complete". The status of the AuC is set to "Summary Management". The Depreciation Engine is not active. The settlement profile does not allow assets as valid receivers.

You entered a non-invoice-related credit memo and selected Net Due 30 Days as the term fo payment. The Invoice Reference field is empty. What effect does this have on the term of payment entered in the credit memo?. The term of payment entered in the credit memo is ignored during clearing. 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.

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

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

What are the prerequisites for posting a vendor invoice in Financial Accounting? (Choose two). You have maintained the currency exchange rates in the system. You have set up a number range for the vendor invoice document type. You have created a company code segment in the vendor master. You have updated the bank details section of the vendor.

Which functions are provided by the Reclassify Payables/Receivables closing actiity? (Choose two). Open item analysis for liquidity forecast. Reagrouping an sorting of payables and receivables. Credit check and rating of open items. Adjustments postings for changed reconciliation accounts.

How do you implement parallel accounting in Asset Accounting?. By using two asset classes. By using an extra chart of accounts. By using two depreciation areas. By using two different charts of depreciation.

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

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

Which factors determine the fiscal year variant you would assign to a company code? (Choose two). The need to control which periods are open for posting for specific user groups. The existance of a shortened fiscal year. The fiscal year start and end period of the company. The use of a specific fiscal year variant by other company codes on the client. The need of contrl which periods are open for posting for the company code.

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