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SAP R3 52_67 Finance Accounting - T5

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Title of test:
SAP R3 52_67 Finance Accounting - T5

Description:
SAP R3 52_67 Finance Accounting

Author:
Rahul
(Other tests from this author)

Creation Date:
21/11/2020

Category:
Others

Number of questions: 80
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At which level is the vendor account number (master record) assigned? Please choose the correct answer. At a combination of client and purchasing organization segment level At a combination of client and company code segment level At the company code segment level At the client level.
How does the SAP ERP ECC 6.0 wih new G/L accounting support real-time CO-FI integration? Please choose the correct answer a separate posting period interval specifically for the CO-FI postings is provided batch reconciliation postings are generated from the reconciliation ledger the controlling area can be configured wth one to one assignment to a company code the universal journal provides a common database table for both CO and FI postings.
What do you use the Closing Cockpit for? Please choose the correct answer To run reconciliation between CO and FI To perform day-to-day activities To perform periodically recurring activities To create mass change of offsetting days for existing activities.
What does the SAP Web AS provide? Please choose the correct answer Storage of all transactional documents in one single database Master data harmonization across SAP NetWeaver J2EE and ABAP in a single environment Real-time data exchange with all SAP systems.
Identify the features of a Business Blueprint ? There are 5 correct answers to this question. Associated items Business scenarios Blueprint document Business process groups Business groups Blueprint structure.
Document splitting is active in your company code, The splitting characteristic is the profit center. All account are assigned. You post a vendor invoice with single expenses that needs to be posted to three cost centers. The cost centers are all assigned to different profit center is charged with 10 % VAT. How many line items are created in the entry view and how many are created in General Ledger view? Please choose the correct answer. Entry View: 5 ; General Ledger View: 7 Entry View: 3 ; General Ledger View: 9 Entry View: 3 ; General Ledger View: 7 Entry View: 5 ; General Ledger View: 9.
Which of the following is one of the benefits of document parking? Please choose the correct answer. It provides a user friendly way of changing posted documents. It enables individual document numbers to be assigned. It enables the use of the dual control principle It enables technically incomplete documents to be posted.
You want to use the same set of values for a specific criterion in several reports. What is the easiest way to accomplish this? Please choose the correct answer Create a set containing the values and use it in all the reports. Create a selection variable containing the values and use it in all the reports Enter the values, save them as a variant, and use this variant in all the reports Create a D variable containing the values and use it in all the reports.
what data is defined on the level of bank master data? There are 2 correct answers to this question corresponding business partner address data and control data payment and dunning information A unique bank country and bank key.
which function is offered in drilldown reports with the Report-to Report interface? Please choose the correct answer download to a spreadsheet call up a transition forward to another user change to graphical output.
Which object can be used to derive the profit center automatically during posting? Please choose the correct answer business area segment cost center company code.
You want to update the Search Term2 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? There are 2 correct answers to this question Field status definitions of activities Field status definition of the assigned reconciliation account Field status definitions of company codes Field status definitions of account groups.
what is the correct order of steps to set up the Financial Closing Cockpit? Please choose the correct answer 1.create template 2. Create tasks 3. Define dependencies 4.create task list 1. Create tasks 2. Define dependencies 3. Create task list 4. Create template 1. Create tasks 2. Define dependencies 3.create template 4. Create task list 1 create template 2. Create tasks 3.create task list 4.define dependencies.
What are the prerequisites for posting a vendor invoice in Financial Accounting? There are 2 correct answers to this question. You have maintained the currency exchange rates in the system. You have created a company code segment in the vendor master. You have updated the bank details section of the vendor. You have set up a number range for the vendor invoice document type.
You receive a payment where the difference from the posted invoice is larger than the stated tolerance limit. How can you deal with this? There are 2 correct answers to this question. Post the difference as a residual item Post the difference to an account assigned to a reason code. Increase the tolerance limit manually while posting the document Split the received payment so that it falls below the tolerance limit.
which depreciation type allows fluctuations in activity to be considered when calculating depreciation? Please choose the correct answer unplanned depreciation ordinary depreciation special depreciation unit of production depreciation.
In which Customizing activity do you decide which special G/L transactions are to be paid automatically via the payment program ? Please choose the correct answer. Set Up All Company Codes for Payment Transactions Set Up Payment Methods per Company Code for Payment Transactions Set Up Payment Methods per Country for Payment Transactions Set Up Paying Company Codes for Payment Transactions.
what can you edit in the payment proposal? There are 3 corrects answers to this question payment block for an open item payable amount for a down payment cash discount for each line item payment data in customer or vendor master record assignment to another house bank.
Which of the following accounts are updated directly? Please choose the correct answer Accounts in the group chart of accounts Accounts in the master chart of accounts Accounts in the operating chart of accounts Accounts in the country chart of accounts.
you use the accounts approach for parallel valuation in a new G/L system. If you used the ledger approach instead, which objects would be different? There are 3 correct answers to this question Financial Statement Version Chart of Accounts Depreciation Areas Leading Ledger Asset Classes.
You configured new Asset Accounting for your company code with three depreciation areas that post in real time. When posting an external acquisition, how many documents are created? Please choose the correct answer 2 3 4 6.
your client would like to show information about customers during reporting without updating the general ledger. Which special G/L type do you recommend? Please choose the correct answer bill of exchange automatic offsetting entry noted items down payment.
Which object has to be used to avoid a change of the reconciliation account in the customer's master data? Please choose the correct answer The field status of the customer account group. The field status of the activity The field status group of the reconciliation account. The field status of the posting key.
You want to use foreign currency valuation in the ledger solution. Which objects are required in Customizing? There are 3 correct answers to this question. value adjustment keys valuation areas reply addresses for balance confirmation accounting principles account determinations.
Which of the following statements are true? There are 3 correct answers to this question The account group is used to control the fields displayed in the master record An one-time account is a special customer/vendor master record which a company rarely do business. If you enter an alternative payer, the amount to clear the open items due in the account is paid by the alternative payer. One number range can only be assigned to one account group Number ranges for customer/vendor accounts can overlap.
You configured new Asset Accounting with three depreciation areas that post in real time. You need to post a partial scrapping to an asset in the leading ledger. How many documents does the transaction create? Please choose the correct answer. 4 6 1 3.
Which of the following functions are available in SAP Crystal Report Viewer? There are 2 corrects answers to this question visualize posting interface develop data mash-up visualize transactions repost formatted data.
Which functions can you use to generate inter-company posting documents? There are 2 correct answers to this question. Intercompany dunning Intercompany asset transfer Central currency valuation Central payment.
Which tools reduce the amount of work involved I the maintenance of exchange rates? There are 3 correct answers to this question conversion exchange rate spread average exchange rate base currency inversion.
what needs to be maintained in Customizing to allow cross-company code transactions? There are 3 correct answers to this question posting keys clearing accounts VAT accounts field movement posting authorizations.
You need to add a new depreciation area. Which object within Asset Accounting do you need to update? Please choose the correct answer asset history sheets transaction types Depreciation keys asset classes.
Which steps are necessary to run a payment program? There are 3 correct answers to this question Maintain parameters Schedule print Start transfer of open items to the payment program Start proposal run or payment run Configure open item list.
What happens at the goods receipt step of the reconciliation process? Please choose the correct answer. an Fi document is generated. The invoice receipt account is debited and the vendor account is credited an MM document is generated. The material stock account is credited FI and MM are updated simultaneously. The material stock account is credited and the invoice receipt is debited FI and MM are updated simultaneously. The material stock account is debited and the invoice receipt is credited.
to which organizational unit can you assign your validation and substitution? Please choose the correct answer company code profit center business area segment.
Which account assignment objects can be maintained directly in the asset master data in SAP ERP 6.0 EhP5 (Enhancement Package 5) with new G/L activated ? There are 2 correct answers to this question Segment Depreciation center Asset network Profit center.
What additional options does parking documents offer compared to holding documents ? There are 2 correct answers to this question A parked document can be posted using a workflow A parked document can be posted via automatic speech recognition A parked document can be posted cross-client to minimize the Total Cost of Ownership (TCO). A parked document can be changed and posted by another user, thereby supporting the principle of dual control.
What is the purpose of account determination in the accrual engine? There are 2 correct answers to this question. To determine the document type To determine the correct posting period To determine the CO object To determine debit and credit accounts.
What happens when the debit balance check runs and a vendor is selected? Please choose the correct answer. the user is asked to change the parameters the payment run stops and needs to be restarted credits are paid and debits are blocked the vendor is blocked for this payment run.
Which of the following items can you assign directly to the asset master record on the Time-Dependent tab? Please choose the correct answer. quantity useful life Evaluation group segment.
Identify the steps in the ASAP (Accelerated SAP) Methodology. There are 5 correct answers to this question Realization Final Preparation Business Blueprint Go Live & Support Project Preparation Roll out.
You want to post an invoice from vendor. The vendor has specified an alternative payee. The alternative payee is not a vendor or customer in your system. Which of the following functions enables you to capture the data when processing the invoice? Please choose the correct answer. Partner bank account Decentralized processing Individual specifications Clearing with vendor.
You need to assign more than one company code to one controlling area. Under what kind of a business scenario would you need to consider such a decision? There are 2 correct answers to this question Cross-company code transactions that MUST be processed in a controlling area Representation of intercompany processes, whereby producing and delivering plant are the same Multilevel Product Cost Management across company codes.
Which information is updated on the invoice when posting a complete payment? There are 2 correct answers to this question Clearing document number Clearing currency Clearing account Clearing date.
Which Customizing settings can you make for payment terms? There are 3 correct answers to this question. Determine whether a payment term is valid only for the vendor, only for the customer, or for both customer and vendor Determine that invoices are locked for payment Determine a default currency code for the header of the accounting document Determine that invoices are locked for dunning Determine a default payment method for the line item.
You have been asked to copy a company code from an existing company code. Which existing objects can be assigned automatically? Please choose the correct answer. G/L accounts Customer master data controlling areas Profit center groups.
A customer payment was received. An open item does NOT exist for the payment. What option is available to the user? Please choose the correct answer payment run partial payment payment on account residual item.
you have 50euro debit and 80 euro credit on an account. This account is assigned to the assets side in a financial statement version, with the debit indicator and the credit indicator set. How is this shown on the balance sheet? Please choose the correct answer. 50 euro is shown on the assets side and 80 euro is shown on the liabilities side the balance is shown on the assets side. 50 euro is shown on the liabilities side and 80 euro is shown on the assets side the balance is shown on the liabilities side.
You set up a new account group. Which Customizing settings for vendors can you control directly in this account group? There are 2 correct answers to this question. The number range of master data accounts The company codes that can be used for the account group The One-Time Account checkbox The fields that are available during posting to vendor accounts The sensitive fields for dual control.
Sensitive fields have been defined and customized for vendor master data. For which of the following sensitive fields will an update trigger dual control? Please choose the correct answer. Vendor account group account group IBAN currency.
Which interactive function is provided by the SAP List Viewer? Please choose the correct answer. Creation of subtotals for specific values Mass reversal Use of the report-report interface Creation of worklists.
Consider the following sentences about the chart of accounts segment, which of these combinations are false? 1) It contains the Company Code, Account number and the field status group. 2) Whenever you need to enter information for a company code for an account number, you have to type again the information related to chart of accounts segment. 3) Texts can be displayed using the program "Account assignment manual"(RFSKTHOO). 4) Keywords facilitate the search for account numbers. There are 2 correct answers to this question. None of them. 1 2 3 4.
Your customer wants to add a new company code and asks you to make the configuration settings for document types and number ranges. What do you have to do? Please choose the correct answer. Allow all document types for the new company code No additional settings are necessary Set a second number range for all document types. Define number ranges for the new company code.
A company sells products. Sometimes, when dealing with complaints, they need to issue a credit memo. Which accounts will be used to issue credit memos? Please choose the correct answer. Receivables and revenue account Receivables and expense account Payables and expense account Payables and revenue account.
A customer wants to create a report that is to be run on a monthly basis showing documents within a specific range for a specific company code that have been posted within the current month. How can you create this type of report ? Please choose the correct answer. - Create a Compact Document Journal report. - Enter the values for the document range and company code. - After saving this as a variant, add an appropriate T (Table) variable for the posting date on the Variant Attributes screen - Create a G/L Account Balances report. - Enter the values for the document range and company code. - After saving this as a variant, add an appropriate D (Dynamic Date Calculation) variable for the posting date on the Variant Attributes screen. - Create a Compact Document Journal report. - After running the report, save it to your desktop, where it can be updated every month. - Create a Compact Document Journal report. - Enter the values for the document interval and company code. - After saving this as a variant, add an appropriate D (Dynamic Date Calculation) variable for the posting date on the Variant Attributes screen.
A multinational enterprise acquires a company in a country which has local reporting requirements. The multinational enterprise wants to use one operational chart of account for all companies. How can you fulfill this country-specific requirement ? Please choose the correct answer. Create a country-specific chart of accounts and assign it to the company code. Create a country-specific chart of accounts and assign it to the regular chart of accounts. Create a group chart of accounts and assign it to the company code. Create a country-specific chart of accounts and assign it to the group chart of accounts.
Your customer wants to perform their year-end closing activities. Which of the following activities are mandatory to close the books? There are 2 correct answers to this question Run balance sheet open item analysis. Run planning and budgeting Run the carryforward Run fiscal year change in Asset Accounting.
What does the year-end closing program do in Asset Accounting? There are 2 correct answers to this question. It opens new annual value fields for each asset. It checks whether assets contain errors or are incomplete It checks whether depreciation and assets are fully posted. It checks whether the previous year has been closed in Financial Accounting.
what functions within Asset Accounting allow mass processing? There are 2 correct answers to this question mass deletion of active assets with net book value zero mass asset changes mass asset acquisitions mass asset retirements.
The controlling department wants to see depreciation amounts on internal orders. Which customizing settings do you need to make in Asset Accounting? there are 3 corrects answers to this question make the internal order an active assignment object enhance relevant transfer variants by adding the field internal order set the field internal order to required or optional in the screen layout assign the field internal order to account determination Make the internal order an account assignment object for the depreciation run.
Which of the following factors determine field status for vendors? Please choose the correct answer Account group, transaction, and chart of accounts Transaction, chart of accounts, and company code Account group, transaction, and company code Account group, chart of accounts, and company code.
Which fields can you maintain when entering an invoice document for a one-time customer? Please choose the correct answer. Payment methods and communication language payment methods and bank details Bank details and communication language customer address and bank details.
What do you define in Customizing for the payment program? There are 2 correct answers to this question bank subaccounts forms for the payment media available amounts prerequisites for the debit balance check assignments for the profit center.
You want to reconcile the amounts you have in a main bank G/L account in your system with the daily bank statement. You create a single intermediate G/L bank account for each bank. All transactions with the bank are posted through the intermediate account. Which of the following indicators do you have to activate in the G/L account characteristics of the intermediate account? There are 2 correct answers to this question. Post automatically only P&L statement account Open item management Reconciliation account for account type Bank Line item display.
About evolution in the world of business, we can affirmate that... Please choose the correct answer The internet revolution could turn available to companies the use of ERP functionality The internet has driven to a collaborative environment where value is created through collaboration within business communities The next generation of "new dimension" products appeared taking functionality out of the company, to bring value through extending the Internet Revolution In the first the companies were looking at Cost reduction and efficiency through integration of business communities.
Which of the following describe characteristics of master data? There are 2 correct answers to this question Master data must be assigned on company code level Master data is typically assigned to organizational levels. Master data is used on a long-term basis for multiple business processes Master data is a template for transactional data Master data cannot be changed after creation.
Which of the following tax types does the SAP System support for calculating, posting, and correcting tax, as well as for tax reporting? There are 3 correct answers to this question. Tax on sales & purchases Withholding Tax Additional Taxes Top-Up Tax.
A customer requires a balance sheet per segment but does not require a balance sheet per profit center. You discuss the features of segments and profit centers with him. Which features can you highlight? There are 3 correct answers to this question Segments are derived from profit centers in the standard system. You can assign the segment to the asset master record. You can assign the segment to the material master. You can assign a segment to a cost accounting object such as a cost center or internal order. You can post in FI directly to a segment.
Your customer wants to access line items for individual P/L accounts without leaving the balance sheet and P/L display. What do you recommend? Please choose the correct answer. Use a drilldown report. Use the standard Financial Statements (RFBILA00) report. Run a line item report Activate the Line Item Display flag in the financial statement version.
Your customer runs an SAP system with New General Ledger Accounting activated. They want to run a valuation of accounts receivable that are posted in foreign currency. What do you have to do? Please choose the correct answer. Set up a valuation method and assign it to a valuation area. Assign a valuation method to all customer master records that you want to valuate Set up the Valuation Cockpit to perform this task Set up a new exchange rate type and assign it to a valuation method.
You entered a G/L account posting and received an error message which says that account type S is not allowed. Which object causes this error? Please choose the correct answer. Currency key Field status variant Posting key Document type.
Which characteristics of account determination can be used to assign realized exchange rate differences to different G/L accounts ? There are 3 correct answers to this question. Chart of accounts Currency Valuation method Valuation key Reconciliation account.
Which functions are provided by the Reclassify Payables/Receivables closing activity? There are 2 correct answers to this question. Adjustment postings for changed reconciliation accounts Regrouping and sorting of payables and receivables Open item analysis for liquidity forecast Credit check and rating of open items Automatic correction of bad debits or credits.
which activities does the regrouping program of receivables and payables support? There are 2 correct answers to this question regrouping open items based on changed reconsolidation accounts grouping receivables and payables by their remaining life regrouping of receivables and payables to accrual earnings or expense regrouping and clearing open items for affiliated companies on customers and vendors.
What are the prerequisites for setting up cross-company cost accounting? There are 2 correct answers to this question. The same variant for open periods is used for all company codes. The same chart of accounts is used for all company codes. The same currency is used for all company codes The same fiscal year is used for all company codes.
Which line item field is filled automatically by the sort key field of a master record (G/L account, customer, or vendor)? Please choose the correct answer. Item text Assignment Number of the invoice to which the transaction belongs Amount in document currency.
Which of the following functions are interactive SAP List Viewer functions? There are 3 correct answers to this question sorting multiplication summation filtering simulation.
The field status definitions from the account group and the transaction are considered for each field. The field status definition with the higher priority is used. Which priority sequence, going from the highest to the lowest, is correct ? Please choose the correct answer. Hide, Display, Required Entry, Optional Entry Optional Entry, Hide, Display, Required Entry Display, Required Entry, Optional Entry, Hide Required Entry, Optional Entry, Hide, Display.
A multinational enterprise acquires a company in a country which has local reporting requirements. The multinational enterprise wants to use one operational chart of account for all companies. How can you fulfill this country-specific requirement ? Please choose the correct answer. Create a country-specific chart of accounts and assign it to the regular chart of accounts. Create a country-specific chart of accounts and assign it to the group chart of accounts Create a country-specific chart of accounts and assign it to the company code Create a group chart of accounts and assign it to the company code.
Which stage of the sales process creates documents for both material management and financial accounting? Please choose the correct answer. sales order creation shipping – delivery creation billing shipping- goods issue.
In an asset main number in Asset Accounting, which information can be different between international GAAP and local GAAP? There are 2 correct answers to this question. Net book value Asset class Deprecation start date Asset capitalization date.
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