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SAP R3 52_67 Finance Accounting - T7

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Title of test:
SAP R3 52_67 Finance Accounting - T7

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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How does the SAP ERP ECC 6.0 wih new G/L accounting support real-time CO-FI integration? Please choose the correct answer. the universal journal provides a common database table for both CO and FI postings the controlling area can be configured wth one to one assignment to a company code batch reconciliation postings are generated from the reconciliation ledger a separate posting period interval specifically for the CO-FI postings is provided.
What does the fiscal year variant control? There are 2 correct answers to this question. The number of periods (up to 52 posting periods and special periods) The open periods (a period interval for closing and another for day-to-day business) The number of periods (up to 16 posting periods including special periods) The number of special periods available in addition to the normal periods.
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.
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 Web AS SAP NetWeaver SAP Business Process Management SAP Exchange Infrastructure.
You want to capitalize an Asset under Construction (AuC) using the line item settlement process. However, the settlement does not work. What could be the reason? There are 3 correct answers to this question There is no settlement profile assigned to the company code The Depreciation Engine is not active The AuC has not been released The status of the AuC is set to Summary Management The settlement profile does not allow assets as valid receivers.
What is the purpose of account determination in the accrual engine? There are 2 correct answers to this question To determine the CO object To determine the document type To determine debit and credit accounts To determine the correct posting period.
What is an independent fiscal year variant? Please choose the correct answer It is a variant which the postings periods are only equal to the months of the year. It is a variant which allows the use of different number of posting periods It is a variant not normally used because of its particularity. It is a variant which each own fiscal year uses the same number of periods, and the postings periods always start and end at the same day of the year It is a variant which you can define different number of periods, according to the year.
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 larger part of the expense is posted Taxes are posted to the company code where the vendor item is posted.
What is a benefit of a drilldown report? Please choose the correct answer. The navigation area The edit and save functionality The workflow connection The automatic refresh.
Which stage of the sales process creates documents for both material management and financial accounting? Please choose the correct answer shipping – delivery creation shipping- goods issue billing sales order creation.
how does the system behave when an invoice is processed as a residual payment? Please choose the correct answer. all documents remain in the account as open items the original document and payment are cleared the payment document is posted as a down payment the payment term of the original document is changed.
Which of the following special G/L transactions are noted items? There are 2 correct answers to this question. down payment guarantee of payment down payment request bill of exchange payment request.
On which level are asset classes created? Please choose the correct answer company code client chart of depreciation ledger.
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 the carryforward Run balance sheet open item analysis. Run fiscal year change in Asset Accounting. Run planning and budgeting.
In a payment run, the data entered for a payment method in the document may differ from the master data. How is this resolved by the system ? Please choose the correct answer The payment run temporarily stops, and the system prompts you to correct the data. After you have corrected the data, the payment run continues The payment run stops and the system issues an error message Master data overrides document data Document data overrides master data.
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 Implement SAP Services Link to Change Requests Manage Change Requests.
Which of the following activities generates an FI document if real-time integration between CO and FI has been set up? There are 2 correct answers to this question. A distribution between cost centers that reside in two different controlling areas A test run for the settlement run of an asset under construction to a G/L account An assessment between cost centers that belong to two different company codes An assessment between cost centers in one company code with different functional areas A subsequent change of a segment in a CO document.
Special G/L transactions can be divided into which types? There are 3 correct answers to this question Free offsetting entry Interest Noted item Automatic offsetting entry Value adjustment.
You want to make the line item text field mandatory during document entry. What customizing objects can you maintain to do this? There are 2 correct answers to this question account group document type posting key fields status group.
ERP offers enterprise centric functionality (general ledger, payroll, order entry) to integrate core, internal processes. About the definition of ERP and e-business functionalities, we can say that... There are 4 correct answers to this question. About Architecture, ERP can be considered as an integrated system and e-business, as an integrated system and an open integration platform. ERP is SAP R/3, while e-business is mySAP.com ERP is mySAP Financials and mySAP HR. About Business Model, ERP can be considered as enterprise centric and e-business, as extended and collaborative. About Processes, ERP can have them integrated, core within enterprises and collaborative, beyond company boundaries.
Consider the following sentences about field status: 1) Fields which are _____________can be ____________. 2) Fields which have an entry that ________________can be set to _________only (even in change mode) Which of the options below matches the blank spaces of those sentences? Please choose the correct answer. 1) not used/suppressed, 2) should not be changed /display 1) used/suppressed, 2) must be changed/display 1) not used/optional, 2) should not be changed/suppressed 1) used/optional, 2) must be changed/display 1) not used/suppressed, 2) must be changed/display.
In the Data Entry view, what is the maximum number of line items in a single FI document? Please choose the correct answer. Unlimited 9999 999 99.
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. Profit center groups Customer master data G/L accounts controlling areas.
Which of the following describe characteristics of master data? There are 2 correct answers to this question. Master data cannot be changed after creation Master data must be assigned on company code level Master data is typically assigned to organizational levels Master data is a template for transactional data. Master data is used on a long-term basis for multiple business processes.
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 evaluation groups to subdivide all assets of the class Create a new asset class and a new account determination Create a new account determination, but no new asset class. Create a new asset class, but use the same account determination.
What do you use the Closing Cockpit for? Please choose the correct answer To create mass change of offsetting days for existing activities To perform day-to-day activities To run reconciliation between CO and FI To perform periodically recurring activities.
what needs to be maintained in Customizing to allow cross-company code transactions? There are 3 correct answers to this question posting keys posting authorizations VAT accounts field movement clearing accounts.
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.
you are using the accounts approach to parallel valuation and classic Asset Accounting. You need to create a new financial statement version to keep track of the group valuation based on IFRS principles. In asset accounting, what posting options can you choose for the new depreciation area? There are 2 correct answers to this question Area posts APC and depreciation periodically area posts in real-time area posts APC only directly area posts APC directly and depreciation periodically.
what do you need to configure in order to create a correspondence type? There are 2 correct answers to this question form tolerance group variables print program.
What does the SAP Web AS provide? Please choose the correct answer Master data harmonization across SAP NetWeaver Storage of all transactional documents in one single database J2EE and ABAP in a single environment Real-time data exchange with all SAP systems.
If a vendor is also a customer, it is possible to clear both roles against each other. Which settings are necessary to implement this ? There are 2 correct answers to this question. The vendor number must be entered in the customer account or the customer number must be entered in the vendor account. The payment program must be set up to allow debit checks for vendors and credit checks for customers The vendor and the customer must be assigned to the same group account. The "Clearing with Vendor" field must be selected in the customer account, and the corresponding field must be selected in the vendor account.
which of the following special G/L transactions types updates one line item only? Please choose the correct answer. down payment statistical posting noted item guarantee.
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. Item text Number of the invoice to which the transaction belongs Assignment Amount in document currency.
Your customer runs an SAP ERP system with New General Ledger Accounting activated. What do you need to do for Profit Center updates to be part of the general ledger? Please choose the correct answer. Deactivate document splitting for profit centers. Set up the same group currency for all company codes and profit centers Assign the Profit Center Update scenario to the ledger Activate transfer prices in Profit Center Accounting.
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.
You have two house banks. Each house bank has three bank accounts. How many separate G/L accounts do you recommend the customer creates in the chart of accounts? Please choose the correct answer. Two – one for each house bank Six – one for each combination of house bank and bank account One for all postings Three – one for each bank account.
Which of the following business scenarios can be handled with accrual and deferral postings? Please choose the correct answer. One-time payment for fixing flooding damage Monthly rent payments for an office building One-time payment for one-year cloud storage service Monthly subscription to a financial newspaper.
to which organizational unit can you assign your validation and substitution? Please choose the correct answer company code segment business area profit center.
which elements do you define when you create a new document type? There are 2 correct answers to this question account types allowed for posting number range for the document type posting keys for the document type reasons for reversal.
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 purchasing organization data General data, company code data, and sales area data General data and company code data General data and sales area data.
What are the prerequisites for posting a vendor invoice in Financial Accounting? There are 2 correct answers to this question. You have updated the bank details section of the vendor. You have created a company code segment in the vendor master. You have set up a number range for the vendor invoice document type You have maintained the currency exchange rates in the system.
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 term for checks 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.
You have posted an incorrect amount in Financial Accounting. How can you correct this? There are 2 correct answers to this question Delete the document Change the amount in the posted document Reverse the document by negative posting Use a substitution to change the incorrect amount Reverse the document by normal reversal posting.
Which SAP NetWeaver component realizes cross-system application processes? Please choose the correct answer SAP Exchange Infrastructure (SAP XI) SAP Business Warehouse (SAP BW) SAP Master Data Management (SAP MD SAP Enterprise Portal (SAP EP).
What of these alternatives are considered master data? There are 4 correct answers to this question. Customer Asset Vendor Chart of Accounts G/L Accounts.
Which transactions in the procurement process with valuated goods receipt create documents in FI? There are 2 correct answers to this question. Post valuated goods receipt Create purchase requisition Enter invoice receipt Create purchase order.
What is a SAP Business Object ? Please choose the correct answer. It is the instanced class of the Class Builder. It is a sequence of dialog steps that are consistent in a business context and that belong together logically It is composed of tables that are related in a business context, including the related application programs and it is maintained in the Class Repository It is all the transaction data generated via transactions It is the representation of a central business object in the real world, such as an employee, sales order, purchase requisition, invoice and so on.
Which specifications can you choose in the reverse document header data to reverse a general ledger posting? Please choose the correct answer payment block posting date base date document date.
Which of the following functions are interactive SAP List Viewer functions? There are 3 correct answers to this question multiplication simulation filtering sorting summation.
Fiscal year variant F! has six posting periods and fiscal year variant F2 has four posting periods. The posting periods have different start and end dates for each fiscal year. Variant F1 is assigned to leading ledger (0L) and F2 assigned to the non-leading ledger(N1). You get an error message when making a posting in the non-ledger ledger. What causes this error message? Please choose the correct answer. the posting is being made in a special period, but both variants are examples of a shortened fiscal year the posting period variant of the non-leading ledger and the leading ledger are different. posting period for the non-leading ledger group ‘’N1’’ is closed the fiscal year variant of the non-leading ledger and the leading ledger are different.
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 and enhance it with different sets of notes Create different FSVs based on the needs of the target group Create one FSV, then save different variants based on the needs of the various groups. Create different versions of the same FSV.
Which postings are created by the depreciation posting run? There are 2 correct answers to this question. Year-to-date depreciation on current assets Book and cost accounting depreciations to assets Postings to the depreciation accounts in the General Ledger Transfer of deprecations to cost center planning.
What does the posting key control? There are 3 correct answers to this question. Number range Account type Field status (of posting key) Debit/credit indicator Document type.
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 regrouping of receivables and payables to accrual earnings or expense grouping receivables and payables by their remaining life regrouping and clearing open items for affiliated companies on customers and vendors.
You are asked to set up the accounting structure to facilitate segment reporting based on the SAP standard segmentation scenario. Which organizational unit can be used to derive the segment? Please choose the correct answer Profit center Business area Company code Functional area.
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 overlap. The number ranges can be used across all company codes. The numbers can be alphanumeric The system issues the numbers automatically.
What is the maximum number of line items of an FI document? Please choose the correct answer Unlimited 9999 999 99.
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 flagged for ‘’posting without tax allowed’’ the account must be line item managed The account must be a profit and loss account the account must be a balance sheet account.
Your customer has two company codes in the same client. Each company code has a different operational chart of accounts. The customer has a country-specific chart of accounts for each company code. How does this influence how you create customer master records? Please choose the correct answer You have to create customer master records for each chart of accounts. You have to create customer master records for each credit control area You have to create one master record for each customer You have to create customer master records for each country-specific chart of accounts.
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 creates the final invoice and clears down-payments against it It posts down-payments to a reconciliation account that is different from that of ordinary payables and receivables It automatically clears down-payment requests It shows data in the appendix of the balance sheet.
Which options are available to define the number range of a document? There are 2 correct answers to this question. For every fiscal year Continuous Ledger group specific For every fiscal year variant.
What characteristics are configured as standard for every customer/vendor account? There are 2 correct answers to this question. Purchasing Organization Line Item Display. Currency. Open Item Management Company Code.
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 updated automatically, but have to be released by another user (dual control). They are updated automatically They are not updated They are set to zero.
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 Number of the invoice to which the transaction belongs Assignment Amount in document currency.
A customer wants to use document splitting to enable balance sheets by segments. How do you set up the document split? There are 2 correct answers to this question Assign all document types to business transactions and business transaction variants Define a non-leading ledger for the split documents Assign the splitting method to the transaction variant Define splitting rules.
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 Asset Classes Depreciation Areas Financial Statement Version Leading Ledger Chart of Accounts.
A customer wants to define a chart of depreciation. How do you recommend setting up depreciation areas? Please choose the correct answer Based on the relevant chart of accounts Based on the aims of internal or external reporting Based on relevant currencies Based on company codes.
which fields can be edited before a parked document is posted? There are 3 correct answers to this question company code account currency amount posting date.
Identify the features of the service desk? There are 4 correct answers to this question. SAP Help Solution Manager diagnostics Error handling Message handling process Managing SAP Notes Customer solution database.
If a vendor is also a customer, which settings are necessary to clear both roles against each other? There are 2 correct answers to this question The vendor number must be entered in the customer account, or the customer number must be entered in the vendor account. The payment program must be set up to allow debit checks for vendors and credit checks for customers The vendor and the customer must be assigned to the same group account The Clearing with Vendor field must be selected in the customer account, and the corresponding field must be selected in the vendor account.
What is the typical sequence of steps in an ASAP roadmap? Please choose the correct answer. Project Preparation -> Realization -> Business Blueprint -> Final Preparation -> Go Live and Support Project Preparation -> Final Preparation -> Business Blueprint -> Realization -> Go Live and Support Business Blueprint -> Project Preparation -> Final Preparation -> Realization -> Go Live and Support Project Preparation -> Business Blueprint -> Realization -> Final Preparation -> Go Live and Support.
Which of the following is one of the benefits of document parking? Please choose the correct answer It enables the use of the dual control principle It provides a user friendly way of changing posted documents It enables individual document numbers to be assigned It enables technically incomplete documents to be posted.
What do you define in Customizing for the payment program? There are 2 correct answers to this question forms for the payment media available amounts bank subaccounts assignments for the profit center prerequisites for the debit balance check.
What are the advantages of the Payment Medium Workbench (PMW)? There are 3 correct answers to this question It can be used to create new payment formats. It can be used to change payment formats without modifying the programs It automatically creates direct debits It provides a uniform set of functions for all kinds of payment methods It activates the automatic import of settings related to changes in payment transaction laws.
Consider the following statements, Which of the following statements are true? 1) Accounts with open item management must have line item display activated. 2) You can activate or deactivate open item management everytime, even if the account hasn't a zero balance. 3) You can select both local and foreign currencies as account currency. 4) If the account is the local currency, the account can only be posted to this currency. 5) When using the "Only Balances in Local Currency" indicator in the master data record, transaction figures are only managed for amounts translated into local currency. There are 3 correct answers to this question. 1 2 3 4 5.
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 Purchasing group Exchange rate type.
Which object do you have to activate to maintain profit centers directly in Asset Accounting with all business functions for New General Ledger Accounting activated ? Please choose the correct answer Segment Reorganization Profit Center Update Scenario Profit Center Reorganization Segment Reporting.
While posting a G/L document, two different field statuses (for the posting key and the G/L account) have an impact on the posting. What happens if one field status is set to Required Entry and the other one to Hidden Entry ? Please choose the correct answer The document can be posted anyway The field will be hidden The field will be available for entry. An error message will occur.
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 and enhance it with different sets of notes. Create different FSVs based on the needs of the target group. Create one FSV, then save different variants based on the needs of the various groups Create different versions of the same FSV.
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