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SAP FI Model Test 3

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Title of test:
SAP FI Model Test 3

Description:
TFIN50 & 52

Author:
Asit Haldar
(Other tests from this author)

Creation Date:
05/04/2012

Category:
Computers

Number of questions: 28
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Last comments
prakz ( uploaded 8 years )
Foreign currency valuation is only possible for customer/vendor open items, not for G/L..... This is wrong, it does include G/L as well.
Answer
Content:
Should all G/L masters have the same FSG within an account group? (Yes/No) Yes NO.
Can you track G/L master, customer master, vendor master, and assets master changes in mySAP ERP? (Yes/No) Yes NO.
In an automatic payment program (APP), mySAP ERP selects open items to be paid, posts payment documents, and clears open items by printing payment media. (True/False) True False.
In an automatic payment program (APP), mySAP ERP selects open items to be paid, posts payment documents, and clears open items by printing payment media. (True/False) True Fals.
State True or False for each of the following statements In an APP, you can edit a payment proposal You can block and unblock line items due for payment Both true Both false.
State True for each of the following statements The steps in an APP are: (1)Enter parameter, (2) proposal Run (3) payment run, and (4) printout. The steps in an APP are: (1) post payment document and (2) print payment medium. Payment run is identifi ed by payment run ID. Payment run is identifi ed by payment run ID and run date.
State True for each of the following statements A. One company may be sending company and paying company code in APP. B. You can only pay vendors through an APP. C. You can’t pay a down payment request through an APP.
State True for each of the following statements a. A COA can be assigned to only one company code. b. A COA can be assigned to multiple company codes.
State True for each of the following statements All company codes in a payment run must belong to the same country. You can’t edit payment proposals after a payment run.
State False for each of the following statements. A dunning run updates customer/vendor master data with the last dunning running date. You can’t edit dunning data at the proposal stage. You can’t dun a one-time customer/vendor.
What is the maximum number of dunning levels that can be confi gured? 1 to 9. 1 to 10.
A dunning program considers all line items that have reached the due date + grace period. (True/False) True False.
State True for each of the following statements. a. A dunning run updates the last dunning run date in the customer master record. b. A dunning run updates the dunning level in the customer master record. c. You can set a minimum amount for dunning charges on each dunning level.
State True for each of the following statements. a. A fi nancial statement version consists of a maximum of 20 hierarchy levels. b. A fi nancial statement version can be used by more than one company code. c. In a fi nancial statement version, you can assign the debit balance and credit balance to different nodes d. Foreign currency valuation is only possible for customer/vendor open items, not for G/L.
State True for each of the following statements A. Depreciation can be posted through background processing (batch input session) in SAP R/3. B. Depreciation can be posted through dialog mode in mySAP ERP. a-True (Up to 4.6C), b-False (After 4.6C).
State True for each of the following statements. a. You can post transactions to an account in any currency only if that account currency is the same as the company code currency. b. The carry forward of an account balance is a month-end process. c. Exchange rate type M is the default exchange rate during FI posting. d. You can clear open items if the open items have the same dimensions in every respect.
Sample accounts and account assignment models are used for reference templates while posting a FI document. (True/False) True False.
Posting keys are used to decide which account type will be used for posting. (True/False) True False.
Cross-company document numbers consist of the document number of the fi rst company code + the fi rst company code + fi scal year. (True/ False) True False.
The reversal document always has an external document number. (True/ False) False True.
Financial statements can be generated in any currency. (True/False) True False.
The vendor master record consists of general data, company code data, and purchasing data. (True/False) True False.
A special G/L transaction can be posted into a normal reconciliation account. (True/False) True False.
A down payment request is a noted item and does not update the G/L balance. (True/False) True False.
The regrouping of AR and AP reclassifi es AR with a credit balance and vice versa. (True/False) True False.
The dunning area is used to distinguish dunning areas within an entity. (True/False) True False.
Line layout is used to display desired fi elds in the vendor line item display screen. (True/False) True False.
State False for each of the following statements. a. Business areas are used across company codes. b. Business areas are assigned to company codes. c. When the business area balance sheet is enabled, the business area is a required entry during posting. d. Use of the business area is optional.
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