Sap Fi Certification
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Title of test:![]() Sap Fi Certification Description: Source Sap TFIN52 PART 1 |




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_______________is the highest level in the SAP system hierarchy. Company Code. Client. Country. Asset Accounting (FI-AA) works with the chart of accounts assigned to the company code in Financial Accounting (FI). True. False. You can define your own depreciation areas in the chart of depreciation. True. False. Each company code uses . one chart of accounts and one chart of depreciation. one chart of accounts and many chart of depreciation. None of above. One or several company codes can work with the same chart of accounts and the same chart of depreciation. True. False. The depreciation areas are defined with. Two digit numeric key. Two digit alphanumeric key. Four digit numeric key. Four digit alphanumeric key. Values and depreciation are posted to : The general ledger. Customer/Vendor. Reconciliation Account. Depreciation area 01 is the leading depreciation area. Values and depreciation are posted to the general ledger. True. False. Other depreciation areas may show: Country-specific valuation. Values or depreciation that differ from area 01. Consolidated versions in company code or group currency. Book depreciation in group currency. Difference between book and country-specific tax-based depreciation. Different depreciation areas can have the same values and depreciation terms, but can be displayed in different currencies . False. True. The company codes must be set up in Financial Accounting first. You then assign the chart of depreciation to the company code. The data required for asset accounting is added to the company code. Afterwards, the company code is available for use in asset accounting. False. True. In the master record, you can assign the following Cost Accounting objects to an asset: Cost center. Activity type. Business Area. (Internal) order (real or statistical). You cannot post depreciation from each depreciation area in Cost Accounting. False. True. The asset class consists of a________________________________________________. A master data section and a depreciation area section. A depreciation area and Company code section. A company code section and Charts of Account section. None of above. Asset classes are created at ___________________________________________. Company code Level. Client Level. Charts of account Level. Non of above. The Asset classes are assigned to. At least two chart of depreciation. At least one chart of depreciation. At least Four chart of depreciation. You can suppress individual depreciation areas in each asset class. True. False. Several charts of depreciation can be assigned to an asset class. True. False. The asset class is the main criterion for classifying assets. True. False. Each asset is assigned to : Only one asset class. Two Assets Class. Many Assets Class. All of above. With FI-AA, you cannot manage different values of fixed assets in depreciation areas. False. True. You can specify the attributes of each individual depreciation area. True. False. A catalog of country-specific depreciation areas structured according to various business aspects is: Asset Class. The chart of depreciation. Depreciation area. All of Above. SAP supplies charts of depreciation as references that are based on the requirements of each country. True. False. You cannot create a new chart of depreciation by copying one of the reference charts of depreciation. False. True. You assign your chart of depreciation to a________________________________. Business Area. Company Code. Profit center. It is possible to open depreciation areas after the production start of the system. False. True. To determine whether and how the values from the depreciation areas are posted in the general ledger. You have the following options: Do not post any values. Posts in realtime. Posts APC and depreciation on periodic Basis. Posts depreciation only. None of Above. Posts APC directly and depreciation. Posts APC only. Posts only APC directly. The system dictates that depreciation area 01 posts APC values to the G/L online __________. In real time. daily basis. Every Hours. Monthly. You can define depreciation areas for reporting purposes only, which do not post any values to the general ledger. True. False. The sample chart of accounts provided by SAP cannot be adapted to meet your own requirements. False. True. Various company codes can be assigned to the chart of depreciation. True. False. The asset class definitions apply to all company codes in a client. True. False. _______________ are the most important means of structuring fixed assets according to the requirements of your enterprise?. Asset Classes. Business Area. Company code. Profit Center. An asset class consists of two main sections. A master data section with control data and default values for the administrative data in the asset master record. A valuation section with control parameters and default values for valuation and depreciation terms. Company code Section. Asset Class : check the correct answer. The asset class is a selection criterion in all standard reports in FI-AA. Before creating asset classes you should design your asset class catalog and ensure that the relevant G/L accounts exist in FI. An essential function of the asset class is to establish a link between the asset master records and the accounts to which the related values and depreciation are posted in the general ledger. If you have several similar asset classes, you can use different account determination keys. Several asset classes can use the same account determination key if they use the same chart of accounts and post to the same G/L accounts. None of Above. Several asset classes can use the same account determination key if. They use the same chart of accounts and post to the same G/L accounts. They use different chart of accounts and post to the same G/L accounts. They use the same currency and the same G/L accounts. If you use different charts of accounts,. You need only one account determination key to post asset values of all asset classes to different accounts in the different charts of accounts. You did not need any account determination to post asset. None of Above. To define acquisition/retirement accounts, you enter the necessary G/L accounts for acquisition, retirement, balance sheet revaluation, and cost amounts that are not capitalized. True. False. The number range controls the assignment of the number of the asset master record. True. False. You define number assignment ________. Internal. External. None of Above. When external number assignment is used, the number is assigned by the user or by another system. True. False. You can assign each company code its own number range, or company codes can share number ranges. True. False. The screen layout specifies which input fields are displayed in the asset master record. True. False. The maintenance level specifies the master data level at which each field can be maintained. Possible maintenance levels are: Asset Subnumber. Main asset number. Asset Class. The reference indicator controls which field contents of an asset area can be copied when that asset is used as a reference for creating a new asset master record. False. True. From SAP R/3 Enterprise, you must activate account assignment objects before they can be maintained in the master data. True. False. you can post depreciation to the following objects. CO internal order. Cost Center. Real estate object. WBS element. Various objects from the PSM (Public Sector Management) component, such as funds center, fund, or grant. None of Above. Profit Center. You can specify a layout for the master data of each asset class. The layout defines: The number of tab pages. The names of the tab pages. The field groups. None of Above. Document type. Assets under construction require a separate asset class and corresponding G/L account, because they have to be shown separately in the balance sheet. True. False. __________________ require a separate asset class and corresponding G/L account, because they have to be shown separately in the balance sheet. Assets under construction. Asset subnumber. Main asset number. All of Above. It is possible to post down payments on assets under construction. True. False. You can choose whether to manage low value assets using : Individual management. Collective management. General management. For each type of management, you have to set up a separate asset class. True. False. If you choose collective management of LVAs, you have to enter a base unit of quantity in the asset class. True. False. When you create an asset master record, you have two options: Enter the company code and the asset class to which the new master record is to belong. Use an existing asset master record as a reference. When you save your entries, you receive an asset number if the asset class is assigned to a number range that uses internal number assignment. This asset number is also the account number of the individual asset account. True. False. You can still make separate entries for each individual asset in the following fields: Description of the asset. Inventory number. Business Area. Evaluation groups 1-5. Cost Center. you can ensure integration between the Asset Accounting (FI-AA) and Plant Maintenance (PM) components by synchronously creating and changing equipment and asset. False. True. A substitution rule consists of. Conditions that identify the records to be selected. Substitution rules that identify the replacement values. Message. Acquisition of an asset from a business partner -- external acquisition: In Asset Accounting integrated with Accounts Payable (incoming invoice), but without reference to a purchase order. In FI-AA with automatic offsetting entry, but without a link to a purchase order and without integration with Accounts Payable. This posting is normally used when the invoice has not yet been received, or when the invoice was posted by the Accounts Payable department beforehand in a separate step. The offsetting account also has to be cleared. In FI-AA with automatic clearing of the offsetting entry: The first posting usually is made in FI-AP. The clearing account is cleared at the same time as the asset posting is made. In Materials Management (MM): The asset is posted in MM. You can post to both the asset and the vendor in one document This is call. External Acquisition With Vendor. Internal Acquisition With Vendor. Internal Acquisition. _____________ identifies the different transactions in the asset history sheet. Account determination. Reconciliation Account. Transaction type. When you post to a vendor or an asset account, the relevant G/L accounts are automatically updated at the same time. False. True. The Asset Explorer contains all of the functions of the asset value display. True. False. _________________can be directly display in the Asset Explorer: Planned values. Book values. Transactions. The following information is automatically set in the asset master record at the time of the first acquisition posting: Date of asset capitalization (derived from the asset value date). Date of initial acquisition in the relevant master record (derived from the asset value date). Acquisition year and acquisition period (derived from the posting date). When you post the acquisition integrated with Accounts Payable (FI-AP), the system automatically enters the vendor in the origin data field of the asset master record. False. True. ___________________determines the depreciation start date of the asset?. The asset value date ( → capitalization date). The Acquisition year and acquisition period. The Posting Date. If you do not want the numbers defined as year-dependent, then enter a future year under Year (such as 9999). False. True. The document type: check the correct answer. The document type is a two character, alphanumeric entry that determines how documents are stored. You assign exactly one number range to each document type. You specify account types that are allowed when making entries with a particular document type. have only internal Number. Transaction types are used with every posting. check the correct answer. Acquisitions. Retirements. Transfers. The transaction type specifies which of the following are updated: Asset balance sheet accounts. Depreciation areas. Profit Center. Value fields. The transaction type groups are fixed and cannot be changed. True. False. If asset acquisition postings are not integrated, you would normally use___________________. Clearing account. Reconciliation Account. Account determination. Reasons for not making integrated postings: The asset has already been delivered but the invoice has not. The invoice arrived before the asset. Postings to the vendor account can also be made from AA(Asset Accounting). True. False. It is possible to make non-integrated acquisition postings for several assets at once. True. False. There are different ways of posting retirements: As retirement of several assets (within the manually posted retirement transaction). As mass retirement (with worklist). As full or partial retirement. With or without customer (non-integrated). With or without revenue (scrapping). With or without G/L Account. Mass retirement, with or without revenue, is defined as a standard task in the system. False. True. To carry out a mass retirement, follow these steps: Create a worklist. Use an asset report to create a list of the assets to be retired. Process the worklist, or edit the worklist before releasing it. Enter the revenue distribution. Select a purpose for the worklist:(Retirement sale (with revenue or without revenue)). Asset Accounting distinguishes between different types of transfers, depending on circumstances: Transfers within a company code (intracompany transfer). Transfers between different company codes (intercompany transfer). Intracompany transfer is. Transfers within a company code. Transfers between different company codes. Intercompany transfer. Transfers within a company code. Transfers between different company codes. Possible reasons for intracompany code transfers: A master record has been created and posted to in the wrong class. The asset has changed location. The asset needs to be split. Stock material needs to be transferred to an asset. Changing Asset administrator. In the case of an intercompany transfer, you must differentiate between the following: Whether it is a transfer between legally independent organizational units (company codes), each belonging to a different company. Whether it is a transfer within a legal, independent unit (within a company). Wheter it's a transfer within two departement. Assets you produce yourself have two phases that are relevant to Asset Accounting: The under construction phase. The useful life phase. The middle life Phase. After you have manually planned depreciation, the system does not create an FI document immediately. This document is not generated until the depreciation posting program is run. False. True. Periodic processing comprises the tasks in Asset Accounting that must be performed _______. At Periodic intervals. Daily. Monthly. Daily Basis. You can use the Schedule Manager in FI-AA to define, schedule, process, and control periodically recurring processes. True. False. Depreciation area. check the correct anwser. Depreciation areas are identified in the system by a two-character alphanumeric key. You define per depreciation area how to post the asset balance sheet values and depreciation to the general ledger accounts. You can calculate different values in a depreciation area for a specific purpose. You define per depreciation area which values have to be managed. You define for each depreciation area how posting values and depreciation terms should be transferred to other areas. For each area, you have to enter information (frequency, procedure, and CO account assignment) for depreciation posting. The system supports the following direct types of depreciation: Ordinary depreciation. special depreciation. Unplanned depreciation. Annual depreciation. Individual calculation methods: Base methods. Declining-balance methods. Maximum amount methods. Multi-level methods. Period control methods. Minimum amount methods. Advantages of using calculation methods: Country-specific requirements are represented by methods specific to a particular chart of accounts. They allow you to avoid the use of an ever-increasing number of internal calculation keys. You cannot enter depreciation keys as default values for a particular company code or depreciation area. The detail list of the calculation methods assigned to a depreciation key can be called directly from transaction AFAMA, from the asset master record and from the Asset Explorer. False. True. The following Parameters can be changed on a Time-Dependent basis. Depreciation key. Useful life. absolute scrap value. percentage scrap amount. variable depreciation value. You can post the following using the depreciation posting program RAPOST2000: Imputed amount. Ordinary depreciation. Tax depreciation, or allocation and write-off of reserves due to special tax depreciation. Unplanned depreciation. Imputed interest. Revaluation of APC or of accumulated depreciation. The program RAPOST2000 directly posts to the G/L accounts and additional account assignment objects. True. False. The fiscal year change program opens new annual value fields for each asset. The earliest you can start this program is in the last posting period of the current year. You have to run the fiscal year change program for your whole company code. You can only process a fiscal year change in a subsequent year if the previous year has already been closed for business. You cannot run the fiscal year change program for your whole company code. The earliest you can start this program is in the first posting period of the current year. Preparation for year-end closing: After the depreciation lists and asset history sheet have been checked, depreciation is posted. If an area posts APC values to the general ledger periodically, you will need to run report RAPERP00 for periodic posting. If the final result is not satisfactory, you can carry out depreciation simulation or (bulk) changes, or make adjustment postings. If you change any depreciation values, you must run depreciation posting again. Once depreciation has been posted in FI-AA and FI, a balance sheet and profit and loss statement can be created. Important List Viewer functions: Deleting and inserting columns. Arranging the values in columns in ascending or descending order. Calculating totals or subtotals across one or more columns within a list. Using layouts to save an individual report structure so that you can use it again later. Setting filters: It is possible to display only those line items that have some connection with a particular criterion. A sort version which are determined via ABAP Dictionary fields consists of a maximum how many sort levels?. 1. 3. 5. 4. 2. You can define your own history sheet versions: Size: Up to 8 rows / 8 columns. Size: Up to 10 rows / 8 columns. Store the headers of the history sheet items. Define how the values are supplied to the history sheet items. _______is the quickest way to look at the changes in value of an asset for the next five years?. Asset Explorer. Asset history. The validation and substitution tools can be used to validate and substitute data immediately upon entry. True. False. Three callup points have been provided for FI. Document header. Document line item. Complete document. Document Type. The validation/substitution for the correct callup point must be activated. The following degrees of activation exist for the organizational unit. 0-Inactive. 1-Active for dialog and batch. 2-Active except for batch input. 0-Active. How many validation/substitution can be activated for one company code for a callup point. 1. 2. 3. Many. Validation consists of several steps (up to 999 are possible), each with 3 parts: Prerequisite. Check. Message. Error. You can use a predefined message or create a new message for validation. False. True. A message can contain up to 4 fields. Messages can have different meanings: I = Information. M=Message. W = Warning. E = Error (requires that the entry be corrected). A = Cancel. Substitution consists of several steps (up to 999 are possible), each with two parts: Prerequisite. Replacement. Message. Substitution : If the prerequisite is satisfied (TRUE). substitution is performed. Message is display. Warning is display. The field must be released for substitution. For each of the fields you selected, a dialog box appears in which you can define the substitution method. You can choose between: Field-field assignment. Constant value. Exit. Net Value. Validations/Substitution - Rules Check the correct answer. A rule is a logical statement that you can use in a prerequisite statement, a check, or another rule. A rule permits complex logic to be summarized; it can be re-used. Technically, a rule is nothing more than, for example, a prerequisite or check of a validation. If a Boolean statement is used often or if it contains complex logic, you can create a rule for this statement. Example: a validation contains an extensive prerequisite that is also to be used in a substitution. You can also use rules within a statement that uses mathematical processing. _____________Is a specification of which accounts to post to from a business transaction. Account assignment. Account Determination. ______________is an automatic system function that determines the accounts for posting amounts in Financial Accounting. Account Determination. Account assignment. _____________is a fiscal year in which the asset acquisition took place is . Acquisition year. Fiscal Year. Asset Accounting is a subsidiary ledger accounting module in Financial Accounting. All business activities for fixed assets are recorded in Asset Accounting. True. False. _________ is the total value of all fixed assets intended for permanent use within a company. Asset portfolio. Asset history sheet. Asset class. ____________is a list displaying the progress of a fixed assets history from its opening balance through to the closing balance by means of acquisitions, retirements, transfers, and accumulated depreciation. Asset history sheet. Asset class. Asset explorer. _______________ is an account on which the debit and credit entries resulting from business transactions are recorded. Balance sheet account. Asset account. G/L account. ____________is the value used as the basis for the calculation of depreciation, as specified by a given calculation method. Base value. Book depreciation. Capitalization. ___________ is a posting procedure used to enter values as belonging to fixed assets. Capitalization. Fiscal Year. ____________ is an account on which postings are temporarily recorded is. Clearing account. Reconciliation account. General ledger account. __________ is the Reduction of the asset book value due to decline in economic usefulness or due to legal requirements for taxes. Depreciation. Asset Value. Depreciation areas contain depreciation terms, which are stored in the assets themselves or in the asset class. True. False. _______________ is a key for calculating depreciation amounts. Depreciation key. Depreciation method. __________ is a label for classifying depreciation based on the reason for depreciation. Depreciation type. Depreciation method. Depreciation key. Scrap value is a part of an asset value that is not depreciated. True. False. The following objects can be settlement senders: Order. Maintenance order. CO production order. Sales Order. Production order. Cost object. Network. Project. G/L Account. The following objects can be settlement receivers: Asset. Internal order. Profitability segment. Cost center. Sales order. Material. Network. G/L Account. Project. The settlement profile is a requirement for creating a settlement rule. True. False. The document is not generated until the depreciation posting program is run. True. False. 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?. Head office and branch account. receivables reclassification. Alternative payer/payee. The closing cockpit can be used to perform periodically recurring activities. True. False. Which posting are created by depreciation posting run. Book and cost accounting depreciation to assets. Posting to the depreciation account in the G/L. Transfer of depreciation to cost center planning. How do you setup the document split?. Define splitting rules. Assign all G/L accounts to item categories. Assign the splitting method to the transaction variant. define a non-leading ledger for the split documents. A company is an independent accounting entity. True. False. what are the benefits of using the accrual engine. The accrual engine calculated the accrual amount automatically. The accrual engine supports parallel accounting. The accrual engine is client independent. The accrual engine can simulate planned future accruals. Which of the following regarding the G/L balance carry forward program are correct?. The system creates the balance carry forward for every balance sheet account for new year fiscal year. Posting during the balance carry forward program is possible. The balance carry forward program can be run at any time during the fiscal year. It can only be run after clearing all the open items in subledger accounts. The balances in the accrual engine are carried forward simultaneously. Posting during the balance carry forward program is not possible. Where do you determine the valuation method for evaluation of exchange rate difference for open items. In the parameters of the foreign exchange valuation program. In the master record of exchange rate table. In the global currency settings. The productive indicator in the company code controls the following. It de-activates the delete documents and delete master data programs. It block the implementation guide menu path. It prevents the fiscal year variant change. Which of the following are true about posting of bank guarantees. The accounts are cleared immediately. They are posted manually. They are statistical postings. You need only one __________________________ key to post asset values of all asset classes to different accounts in the different charts of accounts if you use the different charts of accounts. Account determination. G/L account. Asset account. Different depreciation areas can have the same values and depreciation terms, but can be displayed in different currencies. True. False. Different valuation approaches may be used for: Financial statements according to local requirements. Balance sheets for tax purposes. Internal accounting (cost accounting). Parallel financial reporting. Currency type. Asset portfolios and transactions are often valued differently for different purposes. True. False. There are separate transaction figures for: Each asset and depreciation area. Individual value components, such as asset values, depreciation, and net book values. Chart of depreciation. Steps availables for use Company code in Asset accounting. 1. 2. 3. Not only CO objects but also objects from other applications can be assigned in the asset master record,. False. True. Fixed assets are classified into. Asset classes. G/L accounting. Depreciation area. For each depreciation area, you can propose the depreciation attributes for the assets, you can choose that they be specified by the system. True. False. Assets that are to appear in different places have to be assigned to different asset classes. True. False. FI + data for AA = __________. FI-AA. FI-GL. FI-AM. With FI-AA, you cannot manage different values of fixed assets in depreciation areas. False. True. It is possible to open depreciation areas after the production start of the system. True. False. Depreciation is always posted on a periodic basis. True. False. Other depreciation areas can receive their values from depreciation area 01, but calculate and post different depreciation values to the general ledger. False. True. If you use different financial statement versions, you have to post more than one depreciation area to the general ledger. True. False. In Customizing for Asset Accounting, you enter the financial statement versions to be used for those depreciation areas for which financial statements are to be created. True. False. When creating asset master records, you can create multiple similar assets. True. False. Asset transactions can be entered in both the FI-AA user department and Accounts Payable. True. False. Every transaction in customer and vendor accounts in AP and AR and in the AA has a direct effect on the corresponding accounts of the G/L. True. False. Transaction types are used with every posting. They identify acquisitions, retirements and transfers. True. False. The transaction type specifies which of the following are updated: Asset balance sheet accounts. Depreciation areas. Value fields. Vendor fields. There are standard reports that allow you to display an asset portfolio divided into separate transaction types. False. True. You need to process a worklist using FI-AA standard functions in order to be able to carry out mass changes. False. True. Steps of Mass Changes Using Worklists. 1. 2. 3. 4. 5. 6. 7. You can post to both the asset and the vendor in one document, if you choose: External acquisition with vendor. Retirement with Customer. When you post to a vendor or an asset account, the relevant general ledger accounts are automatically updated at the same time. True. False. The posting date and the asset value date must always be in the same fiscal year. True. False. Mass retirement, with or without revenue, is defined as a standard task in the system. To carry out a mass retirement, follow these steps: 1. 2. 3. 4. 5. The standard settings for the SAP transfer variants (combination of transaction types and transfer methods) cover 80 percent of transfers. True. False. Unplanned Depreciation Check the correct answer. In addition to the automatic calculation of depreciation using depreciation keys, you can plan manual depreciation for individual assets in FI-AA. When you enter the transaction type, the system recognizes that you want to perform manual depreciation. In a dialog box, you can select the depreciation areas for which you want to enter depreciation. The depreciation could be current-value depreciation. After you have manually planned depreciation, the system does not create an FI document immediately. This document is not generated until the depreciation posting program is run. Advantages of using calculation methods: Country-specific requirements are represented by methods specific to a particular chart of accounts. They allow you to avoid the use of an ever-increasing number of internal calculation keys. You can enter depreciation keys as default values for a particular company code or depreciation area. The system calculates the annual depreciation using the depreciation key and the useful life. True. False. The system calculates the annual depreciation using________________________________. The depreciation key. The useful life. The document date. One of the main tasks of Asset Accounting is to represent the asset portfolio in the detailed form of an asset history sheet. True. False. All line items are evaluated by the ABAP List Viewer: This tool has been used to standardize and simplify using reports in the SAP System as of Release 4.6. True. False. A sort version consists of a maximum of _________sort levels which are determined via ABAP Dictionary fields. 5. 9. 12. 20. Simulation versions allow you to simulate a change in depreciation method for asset value/depreciation reports. True. False. The validation function helps you to check the entered values and value intervals. True. False. The following measures are required to execute validation/substitution: You must decide for which area of application validation/substitution should apply. The correct callup point for the validation/substitution must be selected. You must assign your validation/substitution to an appropriate organizational unit. The validation/substitution must be defined. And activate it. Create profit center. The following measures are required to execute validation/substitution: 1. 2. 3. 4. 5. _____________ is a logical statement that you can use in a prerequisite statement, a check, or another rule. A rule. A validation. A substitution. Rule definition. check the correct anwser. A rule is a logical statement that you can use in a prerequisite statement, a check, or another rule. Technically, a rule is nothing more than, for example, a prerequisite or check of a validation. A rule permits complex logic to be summarized; it can be re-used. The standard system uses transfer _____________ for intracompany transfers. variant 4. variant 5. variant 9. The system determines the planned annual depreciation and planned interest based on ____________________. The depreciation start date and the depreciation terms. The value date and the depreciation terms. The capitalization date and the depreciation terms. The system determines the start date for ordinary depreciation using ___________________. The asset value date of the acquisition posting and the period control method. The capitalization date. The fiscal year. The depreciation area settings specify whether________________. No posting are made. Asset balances and depreciation are posted. Only asset balances are posted. Only depreciation is posted. Only vendor invoice is posted. The FI-AA application component can portray parallel accounting using depreciation areas. True. False. |