In order to maintain line items in an account as open and cleared, you need to do which of the following You need to simply check the line item display indicator in the master record You need to simply check the open item indicator in the master record You cannot maintain items as open and cleared Customer and Vendor master records are defined for open item management as standard. Account groups of GL accounts control which of the following characteristics of accounts – (Multi) Number Range of the master records Field Status of all the fields in all segments Field Status of the all the fields in the company code segment Field status of all the fields in the company code segment, with the exception of the fields for currency and field status group, that are always required. Cash Journal – You are an accountant and you have explain the cash journal process to your manager; which of the following best describes the process You post directly to the GL via the cash journal You maintain payments and receipts separately, use the SAVE button to save the entries to the cash journal and then click the POST button to post ALL the entries to the GL You maintain payments and receipts separately, use the SAVE button to save the entries to the cash journal and then click the POST button separately for receipts and payments to post the entries to the GL. Exchange Rates – You can maintain different exchange rate accounts for which of the following – (Multi) Per currency and currency type Per chart of accounts Per bank account Per currency. Periodic Processing – Once the items of a document are archived, how are they linked to the documents in the system Via a special database feature It is only possible for Customer and Vendor accounts You need to activate it in the configuration for GL accounts It is not relevant for open items You need to activate it in the configuration for Customer and Vendor accounts. What are different payment methods in APP Check Wire Transfer Cash Foreign banks Credit card. You can select multiple account types allowed for posting when you create a Posting Key? True False. Which of the following are true with respect to Document types One number range ID can be assigned to multiple Document types Document number ranges can overlap A Document type can use any Posting key. The Sales Area segment of a Customer Master record can only be changed users responsible for maintaining the Sales Area. True False. For cross-Company code postings, all the Company codes must use the same operational Chart of Accounts. True/False True False. For cross-Company code postings, all Company codes must use the same Fiscal Year variant. True/False True False. When using the Country Chart of Accounts, the group account number becomes a required entry field. True/False True False. Terms of Payment – The same Terms of Payment cannot be made applicable to both customers and vendors. True/False True False. Posting periods – The Authorization group can be only attached to Special periods with respect of opening and closing of posting periods. True/False True False. State which is true regarding the assignment of operational account numbers Operational Account number to Group Account number. 1:N Operational Account number to Alternative Account number. Vendor and Customer master data records cannot be created with an External number range. True/False True False. Terms of payment for installment payments require separate terms of payment for each installment. True/False True False. A single House bank can have only one payment method. True/False True False. A single Bank account ID can have only one payment method. True/False True False. Dunning is applicable only for Customers. True/False True False. Changes made to GL master records are stored in a separate database. True/False True False. The Run date in the Automatic payment program is the actual date of running the program. True/False True False. In case of calendar year based Fiscal year variants, you have to define the posting periods along with the special periods. True/False True False. Special GL indicators can have from 1 to 3 characters. True/False True False. Special GL classes have to chosen in configuration when defining a Special GL indicator. True/False True False. You cannot alter a field status by making it a required or optional entry after a document has been posted as this may lead to errors in the system. True/False True False. Which of the following are mapping options provided in SAP for Parallel accounting and financial reporting Account solution Ledger solution Company code solution Parallel currencies Transfer pricing. In Account balance display for Customers, which of the following are immediately visible? – (Multi) Noted items Batch input session and Credit limits Sales Revenue by period Transaction figures per period and balance Line items and Open items. Accounting principles and valuations are determined using Chart of Depreciation Account determination Asset Class Depreciation Areas Asset master record. Depreciation Run – In an update run, you cannot run depreciation for individual assets. However, in a simulation run, you can calculate depreciation for individual assets. True/False True False. Automatic Payment Program – For each payment method per country, you can define the name of the print program. True/False True False. You can create an asset master when creating a Purchase Order. True/False Yes No. A Chart of Depreciation is created at Client level. True/False Yes No. Which of the following are examples of Special GL transactions Check BOE (Bills of Exchange) Guarantees Advance payments. Parked (preliminary) documents can be changed, deleted or updated by the concerned employee, if the requisite authorizations are in place True False. It is not necessary while updating (posting) a parked document to update fields that are required entry fields as per the field status definition entered in the GL master record. True/False True False. A Plant can be assigned to more than one Company code. True/False True False. The Flow type helps in the Account determination of the GL accounts that are to be selected in case of Acquisitions, Retirements etc. True/False True False. In the system, you can see the status of a Parked document after it has been deleted. True/False True False. The Fiscal Year Change program should be run in the last relevant posting period of the current year to update the assets for the new year. True/False True False. The Fiscal Year change Program is run for the entire company code. True/False True False. The Fiscal Year change Program can be run online. True/False True False. The Fiscal Year change Program updates new value fields for each asset in the new year. True/False True False. Which of the following is true regarding the Asset History Sheet? It shows intra-company transfers of assets for the Group Financial Statement It supplements the year-end Financial Statements. The New General ledger is activated at the Client level. True/False True False. When an asset is acquired, it can be posted in such a way that both the Accounts Payable and Asset Accounting modules are updated at the same time. True/False True False. The Asset History Sheet shows transfers that are acquisitions for one Company code and that may be retirements for another Company code. True/False True False. The dunning program can be run for only one Company code. True/False False True. The sort key can be used for grouping and clearing open items if they form a zero balance – True/False True False. You cannot make postings in Asset Accounting until year end closing is successfully completed. True/False True False. It is mandatory to define and use the Country Chart of Accounts in all settings. True/False True False. When you run the Balance carry forward program, it locks the old period for postings. True/False True False. You can sort line items only with the use of the sort key. ¬ True/False True False. What are the roadmaps available in the SAP Solution Manager? Implementation Roadmap Global template Roadmap Solution Management Roadmap Realization Roadmap. What are the various steps associated with document splitting Passive split Active rule based split Clearing lines/zero balance formation. Which of the following are true about Balance confirmations? They can be sent such that the replies can be sent directly back to the Auditors They can be sent for both Customers and Vendors Balance confirmation program is not a must for the year end closing activities Balance confirmation program is a part of the month end closing activity as against the year end closing activity. While using the Solution Manager, which of the following are correct? Project planning entails the planning and preparation of the project In the Business Blueprint Phase, the customer specific solution is customized and tested. If an asset is transferred between two Company codes belonging to different Companies, how will this be reflected in the Asset History Sheet Under the “Retirement” heading in the first Company code and in the “Acquisitions” heading in the second Company code Under the “Transfers” heading in both Company codes. Implementation – which of the following is true? Plants abroad can be shown under the same Company code A Plant must be assigned to a Company code A Plant can be assigned to more than one company code. What is true regarding year-end closing? It can only be done for one Company code at a time It can be done for all Company codes.