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SAP R3 52_67 Finance Accounting - T6

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Title of test:
SAP R3 52_67 Finance Accounting - T6

Description:
SAP R3 52_67 Finance Accounting

Author:
Rahul
(Other tests from this author)

Creation Date:
22/11/2020

Category:
Others

Number of questions: 80
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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.
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 currency IBAN account group.
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.
Identify the features of the service desk? There are 4 correct answers to this question. Message handling process SAP Help Customer solution database Solution Manager diagnostics Error handling Managing SAP Notes.
Which infrastructure supports core business solutions in four subcomponents including people integration, information integration, process integration, and application platform ? Please choose the correct answer. SAP Exchange Infrastructure SAP Business Process Management SAP Web AS SAP NetWeaver.
What are the necessary elements required to create a customer-specific drilldown report for New General Ledger Accounting? There are 2 correct answers to this question Characteristics Variables A report header A form.
Which elements of a customer account are created when you maintain the account decentralized in Financial Accounting? Please choose the correct answer. General data, company code data, and sales area data General data and company code data General data and sales area data General data, company code data, and purchasing organization data.
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. Multilevel Product Cost Management across company codes Cross-company code transactions that MUST be processed in a controlling area Representation of intercompany processes, whereby producing and delivering plant are the same.
In your leading ledger (ledger solution), balance sheets must be created for company codes and segments. Which Customizing settings do you need to make? There are 2 correct answers to this question Define a retained earnings account Define two retained earnings accounts and assign them to your P&L accounts. Assign the Segment Reporting scenario to your leading ledger Activate cost of sales accounting.
Consider the following sentences, Which of these combinations is true? 1) A base currency can be assigned to an exchange rate type. 2) To deal with exchange rate spreads, two very efficient combinations of the exchange rate tools are using a base currency for the average rate (M) and using the exchange rate spreads to calculate the buying and selling rates (B and G). 3) A base currency can be used for an average, a buying or a selling rate. 4) The relations between currencies have to be maintained per exchange rate type and currency pair in the translation factors. Please choose the correct answer. 2, 3 and 4 1, 2, 3 and 4 1, 3 and 4 1, 2 and 3 1, 2 and 4.
your compant code uses USD as the company currency. You are trying to post to an account in EUR but get an error message that you cannot post to this account. What is the reason? Please choose the correct answer. the translation rate between EUR and USD is NOT maintained the Only Balances in Local Currency indicator is set in the account the currency maintained in the account master record is USD the account determination for exchange rate differences is missing for the 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 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. - 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 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 - Create a Compact Document Journal report. - After running the report, save it to your desktop, where it can be updated every month.
What are the requirements for the technical clearing account in new Asset Accounting? there are 2 correct answers to this question The account must be a profit and loss account the account must be line item managed the account must be flagged for ‘’posting without tax allowed’’ the account must be a balance sheet account.
A customer wants to define a chart of depreciation. How do you recommend setting up depreciation areas? Please choose the correct answer Based on relevant currencies Based on the aims of internal or external reporting Based on company codes Based on the relevant chart of accounts.
Which options are available to define the number range of a document? There are 2 correct answers to this question. For every fiscal year Ledger group specific For every fiscal year variant Continuous.
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 Real-time data exchange with all SAP systems J2EE and ABAP in a single environment.
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: 3 ; General Ledger View: 9 Entry View: 5 ; General Ledger View: 7 Entry View: 3 ; General Ledger View: 7 Entry View: 5 ; General Ledger View: 9.
Down payments can be posted using a special G/L transaction. What is the main benefit of this functionality? Please choose the correct answer It automatically clears down-payment requests It shows data in the appendix of the balance sheet It posts down-payments to a reconciliation account that is different from that of ordinary payables and receivables. It automatically creates the final invoice and clears down-payments against it.
in a customer master record, which key field for dunning is maintained on the client level? Please choose the correct answer payment method communication – language payment terms dunning procedure.
You have been asked to showcase the "asset sale with customer" scenario in the next blueprint workshop meeting. What do you have to consider when posting an asset sale ? There are 2 correct answers to this question You must calculate and input the profit or loss from the asset sale in a separate line during posting. You must post the sale against an asset that has an acquisition You must specify the asset value date You must use posting key 75 (credit asset) and select the specific asset sale in the account field.
Which are the correct series of steps in the payment program? Please choose the correct answer. Maintain parameters, Printing Payment Media, Proposal run, Execute a payment run CD. Maintain parameters, Proposal run, Execute a payment run, Printing Payment Media Proposal run, Maintain parameters, Printing Payment Media, Execute a payment run CD. Proposal run, Execute a payment run, Printing Payment Media, Maintain parameters CD. CD Maintain parameters, Proposal run, Printing Payment Media, Execute a payment run CD.
Which of the following parameters are defined in the payment program to select appropriate open items? There are 2 correct answers to this question Bank account Program identification Exchange rate type Purchasing group.
SAP Solution Manager provides support throughout the life cycle of solutions - which common usage scenario is missing from the list of usage scenarios below? (Implement SAP Solutions), (Monitor SAP Solutions), (Manage Service Desk), (Link to SAP Services), (Upgrade SAP Solutions) Please choose the correct answer. Monitor Service Desk Manage Change Requests Implement SAP Services Link to Change Requests.
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 definition of the assigned reconciliation account Field status definitions of company codes Field status definitions of account groups Field status definitions of activities.
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 No additional settings are necessary Define number ranges for the new company code. Set a second number range for all document types Allow all document types for the new company code.
During which actions does the system assign the document number for Financial Accounting? There are 2 correct answers to this question. Park Hold Simulate Post.
How do you implement parallel accounting in Asset Accounting? Please choose the correct answer. By using two depreciation areas By using an extra chart of accounts By using two asset classes By using two different charts of depreciation.
What does the posting key control? There are 3 correct answers to this question. Field status (of posting key) Debit/credit indicator Number range Account type Document type.
how can you avoid the creation of duplicate vendor master data? Please choose the correct answer execute the master data comparison reports RFKKAG00 and RFDKAG00 mark the VAT Registration Number in the field status group as required use match codes and activate the automatic duplication check mark the VAT Registration Number as a sensitive field.
Your chief accountant would like to display company-owned cars separately in the balance sheet. These cars were previously included in the asset class "factory and office equipment". What do you have to configure? Please choose the correct answer. Create a new asset class, but use the same account determination Create a new account determination, but no new asset class Create a new asset class and a new account determination Create evaluation groups to subdivide all assets of the class.
Which specifications can you choose in the reverse document header data to reverse a general ledger posting? Please choose the correct answer. document date base date payment block posting date.
How can the short text field of a G/L account be changed? Please choose the correct answer By making the change at the start of a new fiscal year Centrally, in the chart of accounts segment By making sure that the field status of the chart of accounts segment allows it Individually, in the company code segment.
At which level is the vendor account number (master record) assigned? Please choose the correct answer At the client level At a combination of client and company code segment level At the company code segment level At a combination of client and purchasing organization segment level.
To which of the following does an asset class apply? Please choose the correct answer To all company codes in a client To all company codes in an instance (client-independent) To all company codes in a controlling area To all company codes within a client, which share the same chart of accounts.
when capturing an incoming payment manually, which date is part of the bank data section of the document? Please choose the correct answer. currency transaction date value date document date posting date.
which elements do you define when you create a new document type? There are 2 correct answers to this question reasons for reversal posting keys for the document type number range for the document type account types allowed for posting.
Which of the following special G/L transactions are noted items? There are 2 correct answers to this question down payment request down payment bill of exchange payment request guarantee of payment.
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 Number ranges for customer/vendor accounts can overlap. 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.
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 activity The field status of the customer account group. The field status of the posting key. The field status group of the reconciliation account.
which of the following tasks are stages of dunning execution? There are 2 correct answers to this question maintain the dunning parameters schedule the dunning intervals maintain the dunning levels schedule the dunning run.
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. Clearing with vendor Partner bank account Individual specifications Decentralized processing.
What do you define when you set up a depreciation area? Please choose the correct answer. The company code in Asset Accounting The account determination The asset number ranges The posting to the general ledger.
Which objects can be assigned to an asset master record? There are 3 correct answers to this question Profitability segment Profit center Internal order Cost center WBS element.
When dealing with Financial Statement Versions (FSVs), how do you ensure that the requirements of the various target groups (for example auditors, tax authorities, and banks) are satisfied ? There are 2 correct answers to this question. Create one FSV, then save different variants based on the needs of the various groups. Create different FSVs based on the needs of the target group. Create one FSV and enhance it with different sets of notes. Create different versions of the same FSV.
Which of the following task types are supported by the Closing Cockpit or Schedule Manager? There are 3 correct answers to this question. Notes (as a reminder or milestone) Programs with or without variant Spreadsheets Transactions Reconciliation keys.
Which of the following statements are true? There are 3 correct answers to this question Accounts with a foreign currency as an account currency can be posted to any currency. You can use a group chart of accounts for internal purposes The "Only Balances in Local Currency" indicator must not be set in reconciliation accounts for customers or vendors The "Only Balances in Local Currency" indicator is usually set in balance sheet accounts that are not managed in foreign currencies and not managed on an open item basis The usage of a financial statement version for the group chart of accounts is optional.
Your company uses only book depreciation and you activate the new depreciation engine. The book depreciation key Z010 curently used by an asset should be changed to Z020. The asset depreciation started two years ago, and depreciation for the current year has already been posted for the months of January, February, and March (monthly depreciation run). The change should take effect from April 1st.How can you implement this change? There are 2 correct answers to this question. Undo the depreciation postings for the asset in the current year. Then call the Depreciation Areas screen in the asset master and change the key from Z010 to Z020 Call the Depreciation Areas screen in the asset master and change the depreciation key from Z010 to Z020. Also change the ordinary depreciation start date to April 1st Create a new asset referencing the asset you want to change. On the Depreciation Areas screen, select depreciation key Z020. Then post an asset transfer from the existing asset to the new asset Call the Depreciation Areas screen in the asset master and assign the key Z020 with validity start date of April 1st.
For which scenario can you use the cash journal? Please choose the correct answer. To make remittances to vendors To record documents that will not be included in the general ledger To post incoming and outgoing payments in any transaction currency To manage cash in local branches and offices.
What are the call-up points for validations in FI? Please choose the correct answer. Document header, document type, and complete document Document header, line item, and complete document Basic data section, detailed data section, and line item Basic data section, line item, and complete document.
Which of the following objects can be used to derivate segments automatically? Please choose the correct answer Cost center Profit center Functional area G/L account.
what is controlled by the terms of payment? There are 2 correct answers to this question default payment method account for cash discount received setting for net procedure determination of the baseline date allowed account type.
Which factors determine the fiscal year variant you would assign to a company code? There are 2 correct answers to this question The need to control which periods are open for posting for the company code The need to control which periods are open for posting for specific user groups The use of a specific fiscal year variant by other company codes on the client The fiscal year start and end period of the company The existence of a shortened fiscal year.
Which are the necessary steps to create a validation? Please choose the correct answer. Check, control, message Check, update, message Prerequisite, check, update, control Prerequisite, check, message.
Identify the main areas of the Implementation Roadmap from the items listed below? There are 3 correct answers to this question. Accelerator area IMG area Viewing / Text area Roadmap structure Attachments area.
Which of the following functions are interactive SAP List Viewer functions? There are 3 correct answers to this question simulation multiplication sorting filtering summation.
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 new exchange rate type and assign it to a valuation method. Assign a valuation method to all customer master records that you want to valuate Set up a valuation method and assign it to a valuation area Set up the Valuation Cockpit to perform this task.
Which object can be used to derive the profit center automatically during posting? Please choose the correct answer segment cost center business area company code.
what data is defined on the level of bank master data? There are 2 correct answers to this question payment and dunning information corresponding business partner A unique bank country and bank key address data and control data.
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 Bank details and communication language customer address and bank details payment methods and bank details.
what functions within Asset Accounting allow mass processing? There are 2 correct answers to this question mass asset retirements mass asset acquisitions mass deletion of active assets with net book value zero mass asset changes.
You configure the available amounts for bank accounts. What happens to these available amounts during the payment run? Please choose the correct answer. They are set to zero They are updated automatically They are not updated They are updated automatically, but have to be released by another user (dual control).
A vendor sends an invoice to a company which contains expenses for two company codes. You post the vendor item to the receiving company code, then the expense, and finally a cross-charge to the other company code. How are the taxes posted? Please choose the correct answer Taxes are not posted automatically, and will therefore have to be posted manually. Taxes are posted to both company codes in proportion to the expenses Taxes are posted to the company code where the vendor item is posted Taxes are posted to the company code where the larger part of the expense is posted.
You want to use external number assignment for specific document types. What is the special feature of external number assignment? Please choose the correct answer The number ranges can be used across all company codes The number ranges can overlap. The system issues the numbers automatically. The numbers can be alphanumeric.
Your customer wants to clear minor payment differences for incoming payments automatically. Which objects do you have to use to fulfill this requirement ? Please choose the correct answer. Tolerance groups for G/L account and tolerance groups for employees Tolerance groups for employees and tolerance groups for customers/vendors Tolerance groups for employees and tolerance groups for document types Tolerance groups for G/L account and tolerance groups for customers/vendors.
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 reply addresses for balance confirmation account determinations valuation areas accounting principles.
Identify the features of a Business Blueprint ? There are 5 correct answers to this question. Business groups Blueprint document Business scenarios Associated items Business process groups Blueprint structure.
Your customer's Accounting department informs you that the company issues checks. They need to easily differentiate payments made by check. How can you facilitate this requirement? Please choose the correct answer Use the payment method for checks. Create an additional field in the coding block called Check Customize a line item report that filters data according to the text field, and instruct users to enter the word "Check" in the field when entering such payments Use the payment term for checks.
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. In the first the companies were looking at Cost reduction and efficiency through integration of business communities The next generation of "new dimension" products appeared taking functionality out of the company, to bring value through extending the Internet Revolution.
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 revenue account Payables and expense account.
Which field of the line item will be filled automatically by the sort key field of a master record (G/L account, customer, or vendor)? Please choose the correct answer. Assignment Amount in document currency Number of the invoice to which the transaction belongs Item text.
You entered a non-invoice-related credit memo and selected Net Due 30 Days as the term of payment. The Invoice Reference field is empty. What effect does this have on the term of payment entered in the credit memo ? Please choose the correct answer The term of payment entered in the credit memo is ignored during clearing. An error occurs. The term of payment entered in the credit memo is replaced by the term of payment from the last valid customer invoice The term of payment entered in the credit memo is used during clearing.
which of the following can be defined as key figures? There are 3 correct answers to this question plan and actual variance year and period regional purchases branch sales plan and actual indicator.
When parking a document, which of the following occurs in the system? Please choose the correct answer. The document number is not assigned but transaction figures are updated The document number is assigned and transaction figures are updated The document number is assigned but transaction figures are not updated The document number is not assigned and transaction figures are not updated.
which of the following special G/L transactions types updates one line item only? Please choose the correct answer noted item statistical posting down payment guarantee.
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.
Which of the following business scenarios can be handled with accrual and deferral postings? Please choose the correct answer Monthly subscription to a financial newspaper Monthly rent payments for an office building One-time payment for one-year cloud storage service One-time payment for fixing flooding damage.
Which of the following factors determine field status for vendors? Please choose the correct answer Account group, chart of accounts, and company code Account group, transaction, and company code Account group, transaction, and chart of accounts Transaction, chart of accounts, and company code.
Which of the following describe characteristics of master data? There are 2 correct answers to this question. Master data is typically assigned to organizational levels. Master data is used on a long-term basis for multiple business processes Master data cannot be changed after creation. Master data must be assigned on company code level Master data is a template for transactional data.
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. You can post in FI directly to a segment. You can assign the segment to the asset master record Segments are derived from profit centers in the standard system. You can assign a segment to a cost accounting object such as a cost center or internal order. You can assign the segment to the material master.
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