SAP FINANCIALS 5

Which of them are false. Balance confirmations are done at the beginning of the fiscal year. You carry out the foreign currency valuation after you have created the financial statements. You can use SAPF100 report to regroup and sort the receivables and payables. You enter individual value adjustments (IVA) as a special G/L transaction E. You can use the SAPF107 program ("Additional valuations") to carry out a flat-rate individual value adjustment.

What is the purpose of the cost of sales ledger. It stores all cost flows within controlling in a summarized form. It represents the cost element accounting and allow the link between FI and CO modules. It serves as a special ledger to maintain transaction figures for each functional area, when the balance sheet is created using cost of sales accounting. It is a part of the FI-GL sub module, intended to maintain transaction figures for each business area, when the balance sheet is created using cost of sales accounting. It helps to transfer billing values from SD to CO.

What is the purpose of the recurring entry program. It helps creating the reversal reasons. It helps the often entry of accruals/deferrals. It helps creating the company code. It helps making cash discounts. It helps configuring the reconciliation ledger.

What is the intention when we create accruals. It means the expense/revenue were posted to the current period on receipt/issue of an invoice, but economically they belong, at least partially, in a future period. It means the expense/revenue belong in the current period and are only posted to a subsequent period once an invoice has been received or issued. It means the payment won't never occur. It means it is a special G/L transaction. It means it is a normal FI Document (document type SA).

Which of them is false. The Accrual Engine is a generic tool for calculating and creating accrual postings. One of the disadvantages of being using the Accrual Engine is that you can make periodic accruals postings automatically as performance optimized mass data processing using an accrual run. You have to create deferrals when an expense or revenue is posted in the current period, but is incurred or earned partly or completely in the future. The purpose of the account determination in the Accrual Engine is: determine the document type, the debit account and the credut account. One of the benefits provided by the Schedule Manager is the closing process is more transparent and easier to handle.

Which of the following options is correct?. Controlling areas are organizational units within a company where cost accounting is performed. A controlling area cannot contain more than one company code. The company codes assigned to a controlling area must all use the same operational chart of accounts.

Consider the following statement: "It contains information that remains the same over a long period of time". It is: Logical Database. FI Document. Activity Allocation. Master Data. Reconciliation Ledger.

Which of them is true. Secondary cost elements area used in production that are produced from outside the company. Cost elements are indicators, used as a basis for allocations and for performing key figure analysis. Cost centers are the organizational units that incur and influence costs.

What can you say about the standard hierarchy. It is the top of a Profit Center group, which all Cost Centers/Profit Centers may be assigned. This is a representation of the board directors cost center. It can be defined after creating cost centers. It must be defined before creating cost centers. Its name is defined after creating controlling area and it must follow certain SAP standard rules, as having the same name of the Controlling Area.

"During a fiscal year, you can only change the assignements of the organizational units company code, business area or profit center to a cost center if:Which of them are false. The currency of the new company code is the same as the currency of the old company code. You have only posted planning data in the fiscal year. The cost center is not assigned to a fixed asset, work center or HR master record.

Define Cost Center Category. It is allowed for only one cost center master data. It is a CO object where costs are incurred. It is an indicator in the cost center master data, which specifies the category for the cost center. It is an indicator in the controlling area, which specifies what kinds of cost center can be entered. It is an indicator in the chart of accounts, which specifies the category for the cost center.

Define Primary Cost Element. It is the object in CO module that correspond to the expense and revenue accounts in FI module. It is the object in CO module that are used to record internal value flows like activity allocation, assessments and settlements. It is the object in CO module that are used exclusively to identify internal cost flows and records revenues. It is a revenue element, used in CO and it corresponds to a Balance Sheet Account in FI module. It is a tracing factor that helps to classify the specific activities that are provided by one ot more cost centers within a company.

The activity type category is used to determine whether and how an activity type is entered and allocated. True. False.

The fixed value is only posted in the period in which it is entered. True. False.

You can create your own list variants for collective processing. True. False.

SAP recommends that you use the same number interval groups for CO actual and plan transactions. True. False.

Validation has priority under Substitution. True. False.

Choose the correct option: Reposting line items creates CO documents which don't contain a reference to the FI document. Commitments are payment obligations that are not entered into the accounts, but that lead to actual costs at a later date. Purchase orders reduces the commitment values. To directly allocate activity, create an activity type of the category 1 (manual entry, manual allocation). You can reposting direcy activity allocations in periods and in the same period form which the document to be adjusted originates.

Select the provided methods by SAP R/3 for accruing costs in Controlling. Basic method. Overhead method. Percentage method. Plan=actual method. Target=actual method.

What of the following statements is true. The SAP R/3 system saves the information from the clearing cost center in totals records during a periodic reposting. The cycle-segment method is used only for defining periodic reposting. Independent cycles can be processed in parallel if they have the same allocation type. You can process cycles in the same cycle flow group in parallel. During distribution, the original cost elements are summarized into distribution cost elements (secondary cost element category = 42).

What can we say about period lock. It is used to lock the business transactions for a combination of company code, fiscal year and document number. It is used to lock the business transactions for a combination of company code, fiscal year and version. It is used to lock the business transactions for a combination of controlling area, fiscal year and version. It is used to lock the business transactions for a combination of company code, fiscal year and plant. It is used to lock the business transactions for a combination of company code, fiscal year and purchasing organization.

What can we say about Cost Center Planning. It is intended to ensure that your data remains consistent if you use it in different applications. It is intended to help planning the future of the business. It is intended to help controlling business transactions. It is intended to help monitoring the economic feasibility, by comparing plan with actual data , and target with actual data. It is intended to control the planning process, thorough planner profile.

When planning statistical key figures, it uses a ________________ for period-based distribution of the total values. Please select the option that fulfills the above statement: receiver base. free entry. planned value. distribution key. secondary statistical key figure.

Plan values on cost centers can often be calculated using mathematical dependencies. ___________________ lets you use calculation dependencies to plan your cost center costs.Please select the option that fulfills the above statement: formula planning. resource planning. dependency planning. accrual calculation. distribution.

_________________ enables you to transfer data from one of the pre-stored systems in Cost Center Accounting to cost center planning.Please select the option that fulfills the above statement: Formula planning. Resource planning. Dependency planning. Distribution. Integrated planning.

What can we say about Internal Orders. They can be used as internal cost objects. They can be settled to another cost objects. They can be real or statistical. They must have an associated order type. They cannot be organized by groups.

What are the techniques related to Planning scope on Internal Orders. Overall planning. Budgeting. Primary and secondary costs and revenues. Unit costing. Statistical key figures.

What are the planning areas in Cost Center Accounting. Cost Elements/Activity Input. Activity Output/Prices. Statistical key figures. Cost Centers/Internal Orders. Activity Types/Internal Orders.

What can we say about Planner Profile. It allows to control the planning process. In a given planner profile, you cannot assign any number of planning layouts to any number of planning areas. The R/3 system contains standard planner profiles. Planner profiles are defined using the Report Painter. You can assign more than one planning layout to each planning area in the planning profile.

Choose the correct option: Resource planning supports manual cost element planning of primary costs and revenues for cost centers, internal orders and WBS elements. In dependency planning, you can plan both activity-dependent and activity-independent primary costs based on values and quantities. In the value-based dependency planning, you plan the amounts of resources per unit of a statistical key figure or activity type, for example, the amount of course days for each employee or the amount of screws for each car. In quantity-based dependency planning, you plan costs per unit of a statistical key figure or activity type, for example, UNI 100 of office materials or UNI 3.000 for each employee.

Using the plan revaluation function, you can increase or decrease planning data on a percentage basis. True. False.

You can either settle a statistical order or apply overhead to it. True. False.

If you are not using the application Sales and Distribution, you can use internal orders with revenues to display the cost accounting sections in SD sales orders. True. False.

Revenues can be settled primarily to Cost Centers. True. False.

The rules for applying overhead costing calculation for Internal Orders are grouped in overhead costing sheet. True. False.

Profitability Management is related to which SAP R/3 specific module. Financial Accounting. Materials Management. Controlling. Enterprise Controlling. Sales & Distribution.

(EC-PCA) When the WBS element is not assigned to a profit center, the system posts the values to the: cost center. cost element. dummy profit center. profit center of the network header. profit center of the network activities.

The ___________ provides you with an overview of all the assignments you have made to profit centers and supports you when you make or change assignments. Please choose the correct option: solution manager. solution monitor. schedule manager. assignment monitor. report painter.

(EC-PCA) What of the following items can be transferred online in realtime (Note: we can have more than one correct sentence. Please select the sentences you think they are correct)?a) [ ] asset values. asset values. payables/receivables. balance carry forward. work in process. material stocks.

What characteristic is needed when we need to calculate profits according to the cost-of-sales approach. Plant. Cost Center. Functional Area. Dummy Profit Center. Operating Concern.

Consider the following sentences and choose the correct option: All transactions carried out during a period are stored with a date weighting in the average balance ledger. The opening balance is taken from the average balance ledger "8A". The average balance ledger (8Z) contains both weighted transactions by period and by company code. A transfer price is a price used to plan the transfer of goods and services that should be occur between independent organizational units. The assignment of a Report Painter/Report Writer to a library is optional.

What are the functions integrated in the Schedule Manager. Error correction and Restart. Various ways for starting jobs. Dependencies. Documentation integrated into the system. Uniform Error Analysis.

What are the advantages of using the Schedule Manager during the period-end closing processes. Changes not recognized or active immediately. Changes are immediately visible and effective. Access is available to everyone with authorization. The system executes settlement. Documentation ad flow for period-end closing are centrally integrated in the R/3 system.

What is the intention of a task list?. It is intended to group all work to be done. It is intended to be restricted to the financial manager. It is intended to make the user forget the transaction codes. It is intended only to collect several jobs. It is intended to be self-documented.

What are the four task types. Create transaction code. Notes. Transactions. Programs with variant. Flow definition.

What does the monitor provide. The access to messages and result lists. The visualization of both entire technical and business information. The opportunity to postpone someone's tasks. The opportunity to view the work of colleagues and the processing sequence, as well as the technical and business status of every task. The ability to monitor the total progress of period-end closing when the user uses more than one task list.

What do the flow definitions provide. To define dependencies via external tools. To execute it only when the system is online. To define a fixed sequence of jobs that is integrated in the R/3 system. To allow the user a way for changing period-end closing data. To send mails to colleagues at defined times.

What does the Work list provide. Each jobs reads the relevant objects from the database, validates and process the objects and after, posts the results to the database. This leads to an unnecessary sequential of database accesses. A chain can contain between four and ten steps. It is only after all jobs are run that the system detects any object errors that occurred. The selection report selects all objects from the database that are relevant for subsequent jobs. The system creates a special place for every object. A chain can contain any number of jobs.

What are the building blocks for the SAP Solution Management strategy. Safeguarding Management, Empowering Management, Solution Management Optimization, Support Programs Management and Testing Management. Global Strategy and Service Level Management, Business Process Management, Management of mySAP technology, Software Change Management and Support Desk Management. Project Management, Blueprint Definition Management, Configuration Management, Customizing Synchronization Management and Testing Management. Integrated Product Management, Project Monitoring and Control, Configuration Management, Supplier Agreement Management and Organizational Effort Management. Supply Chain Management, Customer Relationship Management, Strategic Enterprise Management, Business Warehouse Management and Advanced Planner Optimizing.

SAP Solution Manager is. a customer platform that enables representation and documentation of the entire SAP documentation. a platform that provides a single point of access into component systems for design, configuration and testing activities. a platform that provides with the Business Process Repository central access to the list of predefined business scenarios, which serve as a starting point for identifying the project scope to be implemented. a platform that only enables component-oriented configuration and testing. a platform that helps reducing the total costs of ownership (TCO).

What are the five phases of the Implementation Roadmap. Global Strategy, Business Process Management of mySAP technology, Development Management, Software Change Management and Support Desk Management. Project Preparation, Business Blueprint, Realization, Final Preparation and Go Live & Support. Integrated Product Management, Project Monitoring and Control, Configuration Management, Supplier Agreement Management and Organizational Effort Management. Supply Chain Management, Customer Relationship Management, Strategic Enterprise Management, Business Warehouse Management and Advanced Planner Optimizing. Transactions, Logical Component, Documentation, IMG Assignments and Test Cases.

The SAP Solution Manager as the technical and operations infrastructure has some components.What are they. Operations, Solution Monitoring and Support. Schedule Manager, Solution Manager and Solution Monitor. Transactions, Logical Component, Documentation, IMG Assignments and Test Cases. Project Preparation, Business Blueprint, Realization, Final Preparation and Go Live & Support. Workflow, SAP Notes search, SAP Notes assistant and interface to SAP Service Marketplace to send Support Notifications.

Which of the following are required when creating a cost center. Cost center category. Assignment to company code. Validity period. Assigment to cost element. Selection of activity unit.