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SAP TFIN50 Part 1 Unit 4

COMMENTS STADISTICS RECORDS
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Title of test:
SAP TFIN50 Part 1 Unit 4

Description:
Posting Control

Author:
Sarilan Kokok
(Other tests from this author)

Creation Date:
19/08/2013

Category:
Computers

Number of questions: 47
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Last comments
Pratima ( uploaded 7 years )
Hi,
Could you please post some tests on Asset accounting and Depreciation.Tests on part one are really good and gives much in-depth knowledge about each topic.

Regards
PR
Answer
Content:
Which of the following statements is/are correct? A financial accounting document always has two views in a new G/L Accounting, i.e., Data Entry view and the G/L view. In G/L view, it view how a document appears only in the G/L. In data entry view, it view how a document appears in the subledgers. In the G/L view, you only see the document in leading ledger. Displaying a doc in G/L and data entry view is defined in the new G/L accounting and once activated, you cannot switched on or off using Customizing. Classic G/L Accounting can only display document in a single view that corresponds to the data entry view in the new G/L Accounting.
Which of the following statements about document splitting is/are incorrect? You can split the balance sheet items in the entry view. Document splitting is only for customers who have to or want to enter further characteristics (such as segment) on the balance sheet. If document splitting is not activated, there is usually no difference b/w the entry view and the G/L view. All of the above None of the above.
Which of the following statements is/are correct? You cannot activate document splitting in customizing for each client and deactivate it for each company code. Different document splitting procedure can be assigned to different company codes. Inheritance means that if an account assignment object is unique in a document, it is inherited in all missing positions. The indicator should always be set when document setting is activated. The default account assignment means that if the position is not provided with the necessary object, then the default value can be set automatically. It is possible to work with default account assignment without defining a constant value.
Using a default value assignment can reduce the data quality. True False.
The system always processes document splitting in the following sequence: 1st 2nd 3rd.
Which of the following statements as regards document splitting process is/are incorrect? Under active split, the entities (e.g. segment) of the document being cleared "during clearing", are copied to the clearing document without being changed. Under passive split, the system processes a specific document split to decide which position of a document are divided according to the splitting rules created by the customer in customizing. The account type is the basis for active split. Creating clearing lines or zero balance formation is always used if the objects (e.g. profit center) to be balanced "within" the document should be equal to zero in addition to the total document figures.
Standard splitting characteristics for G/L accounting includes but not limited to the following: Business area Functional area Segment Profit center Cost center.
Which of the following statements as regards doc splitting characteristics for FI is/are correct? User-defined characteristics can also be used for document splitting. Document splitting characteristics determine which objects document splitting is used for. Always set the zero-balance indicator if you want to create a financial statement for the characteristic to ensure entity balancing. The mandatory field indicator works in addition to field status control in the account or in the posting key. The mandatory field indicator is a check whether a business transaction was selected.
Which of the following statements is/are correct? Splitting procedure defines how each item category (e.g., vendor or taxes) will be handled in the individual business transaction. A business transaction is a general breakdown of the actual business process that SAP provides and is assigned a wide variety of item categories. A business transaction variant is a specific version of the predefined business transaction provided by SAP and a technical model of a real business process for document splitting. An item category is the semantic description for the document split i.e., it's a technical map of the posted line items where it describes the items that appears within the document. An individual splitting rule defines only the item categories to be processed or which item categories can/should be split.
Using editing options, the screens can be configured for following areas: Receipt entry Document display Open items.
Which of the following statements as regards default values is/are correct? Parameter IDs allow users to set default values for fields whose values doesn't change very often e.g., company code and currency. The system works on the basis of the "Document Principle" i.e., all documents must be balance before they can be posted to. You can control whether the fiscal year is proposed when you display or change a document. You can enter the maximum difference permitted b/w the FX rate in the doc header of a business transaction and the FX rate in the FX table at the client level. The system provides you with basic default values for document entry such as the current data is proposed as the posting date.
Some standard sources of values that are defaulted by the system for document entry: User master record Parameter memory System data Account master record Accounting functions.
Which of the following statements as regards change control is/are correct? Users can change documents already posted. Change rule is only defined by the user. Only the reference number can be changed in document header once posted. The system allow changes to posting keys in the line items once posted. You can display document changes for all documents with a report. If the field is blank, the change rule applies to every company code.
The following information is logged once the user make changes to the documents: Field that was changed New and old values User who made the change Time and date of the change.
The following conditions/prerequisites for field changes: Posting period is still open Line item is not yet cleared Line item is either a debit in a customer account or credit in a vendor account Document is a credit memo for an invoice Document is a credit memo from a down payment.
You can differentiate b/w document change rules according to the following criteria: Account type Transaction class Company code Document type Posting key Segment.
Which of the following statements as regards document reversal is/are correct? A document can be reversed by normal reversal posting and negative posting. The reversal reason explains the reversal as well as controls whether the reversal date is allowed to be different to the original posting date. Documents with cleared items cannot be reversed. It has to be reset first. Normal reversal posting causes an increase in the transaction figure, whereas negative posting does not. Normal reversal posting can be used to perform transfer postings of incorrect line items. The reversal reason is also found in the reversal document.
The following prerequisites must be fulfilled to enable the negative postings: The company code allows negative posting. The reversal reason must be defined for negative posting. The reversal reason must be assigned to document types.
The following data are needed by the system in order to do terms of payment: Baseline date Cash discount periods Cash discount percentage rate Account master record Account type.
Which of the following statements is/are incorrect? The invoice and credit memos falls due on the same date in non-invoice related credit memos. You have to enter "V" in the "Invoice Reference" field to activate payment terms on invoice related credit memos. You can store single or multiple terms of payment in a terms of payment key using the day limit. The description of terms of payment includes two elements i.e., explanation to describe the terms of payments and Sales Order Management text for invoice printing.
Baseline date is the starting date the system uses to calculate the invoice due date. The following rules apply: The default values from which the baseline date can be determined. Specifications for calculating the baseline date. The number of months to be added to the calendar month of the baseline month.
Possible default values for baseline date in payment terms: No default Entry date Document date Posting date Capitalization date Acquisition date.
You can only enter block keys and payment method in the line items or the accounts. True False.
Which of the following statements as regards cash discount is/are correct? To calculate the cash discount, you enter a percentage rate in the terms of payment. You can enter the number of days that the percentage is valid for in the same line. You can add fixed days and months. You can only enter upto four cash discount periods in the new G/L accounting. The days and months specified in the terms of payment cannot be used in conjuction with the baseline date.
Which of the following statements as regards day limit is/are incorrect? Day limits enable date-specific terms of payment in several terms of payment key. You can define several versions of terms of payment, with each version having a different day limit. The day limit is the baseline date upto which the payment term version applies. The day limit define the dates of the cash discount period.
Which of the following statements as regards configuring installment payments is/are correct? Define installment payment in payment terms. Select installment payment and assign cash discount periods or cash discount percentages. Define installment number, a percentage rate and terms of payment for each installment. All of the above None of the above.
Every installment of an installment plan must have its own terms of payment. True False.
Which of the following statements as regards cash discount is/are correct? Cash discount is entered manually or automatically by the system using the terms of payment. You can still change the cash discount after you post the invoice. You define the accounts for cash discount expense or cash discount revenue in customizing. When an open item on a customer/vendor account is cleared, the possible discount is posted automatically to an account for "cash discount expense" or "cash discount recieved". Cash discount clearing account must be managed on an open item basis.
Which cash discount account is used in the gross procedure? Cash discount expense account Cash discount loss account Cash discount revenue account Cash discount clearing account.
Which cash discount account is used in the net procedure? Cash discount clearing account Cash discount loss account Cash discount revenue account Cash discount expense account.
Name the type/s of taxation that can be mapped in the SAP ERP system. Taxation at national level Taxation at regional/jurisdiction level.
SAP supports the tax systems for different countries: Tax on sales US sales tax Additional taxes per country Withholding tax Tax on purchases.
The system supports the treatment of taxes as follows: Check the tax amount entered or automatically calculates the tax. Posts the tax amount to tax accounts. Performs tax adjustments for cash discounts or other forms of deductions.
Which of the following statements as regards taxes is/are incorrect? The expense or revenue amount is the tax base amount that must be either net or gross amount. Tax type is used for the calculation procedure required to perform taxation functions on the SAP system. Non-deductible input tax can be posted to a separate expense account but cannot be distributed to the G/L account and assets line items. When you post taxes with a jurisdiction code, you can only enter the taxes per jurisdiction code. The are four possible levels below the national level and the jurisdiction code must be defined on every level.
Which of the following statements as regards tax code is/are incorrect? It is possible to set an indicator in the G/L account master record which permits transactions "not relevant to tax" to be posted even without a tax code in the chart of account segment. You always maintain the old codes with the old tax rates even if new tax rates are changed by the state. Tax code is an indicator for differentiating output tax and input tax. A tax code can only have one tax rate entered for different tax types. If you select the field "Posting without tax allowed", and you enter a tax code, the system checks your entry against the tax category.
Tax calculation procedure contains: The order of the steps Tax types or condition types Account key or transaction key.
Tax code is used to: Verify the amount of tax Calculate the amount of tax Calculate additional tax portion Verify the tax type Determine the G/L account Show the tax correctly on tax forms.
What data is required for the automatic account determination for tax amounts? Rules Posting keys Tax accounts Tax rate.
Which of the following statements as regards tax code properties is/are correct? Tax type definition determines if the base amount is "percentage included" or "percentage separate". The system either issues a warning or error message whenever it detects deviation b/w tax calculated and the tax amount entered. You should set the CheckID indicator if you want to post tax amount regardless whether it is correct or not. All of the above None of the above.
Standard tax category signs: < > blank - + * xx.
Accounts for cash discounts need an entry in the Tax Category field if the system is supposed to post tax adjustment. True False.
Which of the following statements as regards cross-company code transaction is/are incorrect? A cross-company code transaction involves at least two documents. Tax amounts of a cross-company code transaction are automatically distributed to the company codes in which the expenses/revenue occurred. Cross-company code clearing accounts must be G/L accounts. The company codes of a cross-company code transaction can have different local currencies.
Standard cross-company code document number in sequence. 1st 2nd 3rd.
Which of the following statements as regards cross-company code transaction is/are correct? The system creates and posts a separate document in each company code involved. For payables or receivables, the system generates automatic line items which are then posted to a clearing accounts. The document which belong to one cross-company code transaction are linked by common cross-company code transaction number. All of the above None of the above.
Scenario: A vendor delivers goods to co. code 1000 and other goods to co. code 2000, but sends only one invoice for all the goods to co. code 1000. Which of the following statements is/are correct? You enter part of the expense and post the invoice to the vendor acct in co. code 1000. You have to enter and post the other part of the expense in co. code 2000 after postings are made in co.code 1000. To ensure that tax is posted to co. code 1000, the invoice item must always be entered first. You use a report if you want tax to be distributed from co. code 1000 to co. code 2000 accdg to their expense acct.
Which of the following statements as regards cross-company code clearing accounts is/are correct? You must define it in every company code. If there are five co. codes, you should also have five clearing accounts. You cannot use just one co.code as the clearing co. code. Document type must be assigned to the clearing accounts to identify their account types.
Which of the following statements as regards real-time integration b/w Controlling & Financial Accounting is/are correct? It is only possible if the controlling-relevant entities of accounting are addressed. You can use a variant to configure for which criteria e.g cross-co. code, cross-segment, etc., you want real-time integration and from when it is to be active, in Customizing. You cannot create financial accounting documents for CO documents entered before the new G/L was activated. All of the above None of the above.
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