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Title of test: TFIN52_2 Description: Practice Test Author: SAPTEST4 Other tests from this author Creation Date: 07/06/2020 Category: Others Number of questions: 30

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What do you need to maintain in the financial statement versions in order to generate a financial statement? 2 answers are correct The assignment to company codes The profit centres relevant to the report The assignment of the individual accounts The text describing the items. . Which of the following tasks are stages of dunning execution ? ( any 2 answer) Maintain the dunning levels Schedule the dunning run Schedule the dunning intervals Maintain the dunning parameters . Which object can be used TO derive the profit center automatically during posting? Cost center Company code Segment Business area. You want to use foreign currency valuation in the ledger solution. Which objects are required in customizing ? (any 3 answer) Reply addresses for balance confirmation Account determinations Value adjustment keys Valuation areas Accounting principle . Which activities does the regrouping program of the receivable and payables support? ( any 2 answer) Regrouping open items based on changed reconciliation accounts Grouping receivables and payables by their remaining life. Regrouping of receivables and payables to accrual earning of expense Regrouping and clearing open items of affiliated companies on customers and vendors. . Your company code use USD as the company currency. You are trying to post to an account in EUR but get an error message that you can see the problem. What is the reason? The currency maintained in the account master record is USD The translation rate between EUR and USD is NOT maintained The only balances in local currency indicator is set in the account. The account determination for exchange rate difference is missing for the account. What happens at the goods receipt step of the reconciliation process? FI and MM are updated simultaneously. The material stock account is debited and the GRIR is credited FI and MM are updated simultaneously. The material stock account is credited and the GRIR is debited An MM document is generated. The material stock account is credited An FI document is generated. The GRIR account is debited and the vendor account is credited. What tools reduce the amount of work involved in the maintenance of exchange rates? (any 3 answer) Base currency Exchange rate spread Inversion Conversion Average exchange rate . In a customer master record, which key field for dunning is maintained on the client level? Dunning procedure Payment method Communication- language Payment terms . Which element do you need to enter during document posting to distinguish between international and local GAAP (generally accepted accounting principle)?(any 2 answer) Account group for the account approach Ledger for the ledger approach Ledger group for the ledger approach Account for the account approach . How can you post accruals?(any 2 answer) Use the recurring entry program Post manually at the end of a period, quarter or year Use the document split functionality Regroup the receivables and payables. . What data is defined on the level of bank master data ?(any 2 answer) Payment and dunning information A unique bank country and bank key Corresponding business partner Address data and control data . which of the following accounts is assigned to the profit and loss section of the financial statement ?( any 2 answer Receivables Accumulated Depreciation Depreciation Revenue. 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 ? Create one FSV, then save different variants based on the needs of the various groups. Create one FSV and enhance it with different sets of notes. Create different FSVs based on the needs of the target group. Create different versions of the same FSV. At the end of a fiscal year the system carries forward the balance of certain accounts to a special retained earnings account and sets them to zero. Which accounts are treated in this way? Balance sheet and P&L accounts Accounts managed only on the basis of open items P&L accounts Balance sheet accounts. Which of the following functions are interactive SAP List Viewer functions? 3 correct answers simulation summation sorting multiplication filtering. What are the benefits of using the accrual engine? 3 correct answers The accrual engine is client-independent. The accrual engine can correct accruals in the previous month even if that period is closed. The accrual engine can simulate planned future accruals. The accrual engine supports parallel accounting. The accrual engine calculates the accrual amounts automatically. . A customer payment was received. An open item does NOT exist for the payment. What option is available to the user? payment on account payment run residual item partial payment . Which characteristics of account determination can be used to assign realized exchange rate differences to different G/L accounts ? 3 correct answers Valuation key Currency Chart of accounts Valuation method Reconciliation account . Your customer sells products and services. They have to separate the invoices into invoices for products and invoices for services. Which object do you have to use to create dunning notices dependent on the division (product or service)? Dunning keys Separate dunning runs Dunning block reasons Dunning areas . How does the SAP ERP ECC 6.0 wih new G/L accounting support real-time CO-FI integration? 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 a separate posting period interval specifically for the CO-FI postings is provided batch reconciliation postings are generated from the reconciliation ledger . Which of the following is a typical process sequence in Product Sale from Stock? Incoming order -> Goods receipts/Transport -> Dunning and payment -> Billing Purchase requisition -> Delivery/Transport -> Dunning and payment -> Billing Purchase requisition -> Billing -> Transport/Goods receipts -> Dunning and payment Incoming order -> Transport/Delivery -> Billing -> Dunning and payment . What happens when the debit balance check runs and a vendor is selected? the payment run stops and needs to be restarted the vendor is blocked for this payment run credits are paid and debits are blocked the user is asked to change the parameters . for which purpose do you use report variables in report variants? to save date fields dynamically to save date fields as user-specific fields to save value fields across company codes to save value fields as client-independent fields . What is the maximum number of line items of an FI document? Unlimited 9999 999 99. 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? 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 . The head of accounts receivable requires that all items posted to individual customer accounts are posted to their headquarters. Which function do you have to use to fulfill this requirement ? Cash management group Single bank account Alternative payer/payee Head office and branch account . If a vendor is also a customer, which settings are necessary to clear both roles against each other? 2 correct answers The payment program must be set up to allow debit checks for vendors and credit checks for customers. The vendor number must be entered in the customer account, or the customer number must be entered in the vendor account. The Clearing with Vendor field must be selected in the customer account, and the corresponding field must be selected in the vendor account. The vendor and the customer must be assigned to the same group account. . What characteristics are configured as standard for every customer/vendor account? 2 correct answers Purchasing Organization. Open Item Management. Currency. Line Item Display. Company Code. . What are the advantages of the Payment Medium Workbench (PMW)? 3 correct answers It can be used to change payment formats without modifying the programs. 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. It can be used to create new payment formats. It automatically creates direct debits. .

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