We use cookies to personalize your experience. If you continue browsing you will be accepting its use. More information.
option

TFIN50_1

INFO STADISTICS RECORDS
TAKE THE TEST
Title of test:
TFIN50_1

Description:
Practice Test on Book 1

Author:
SJJ
(Other tests from this author)

Creation Date:
22/05/2020

Category:
Others
Share the Test:
Facebook
Twitter
Whatsapp
TAKE THE TEST
Last comments
No comments about this test.
Content:
A company code is... An organizational unit in an enterprise that represents a closed system used for cost accounting purposes The highest level in the R/3 system hierarchy. A dependent accounting entity, according to Fiscal Year. An independent accounting entity (the smallest organization element for which a complete self- contained set of accounts can be drawn up). An organizational unit that provides an additional evaluation level for the purpose of segment reporting, for example. .
What does the fiscal year variant control? There are 2 correct answers to this question. The open periods (a period interval for closing and another for day-to-day business) The number of periods (up to 52 posting periods and special periods) The number of special periods available in addition to the normal periods The number of periods (up to 16 posting periods including special periods) .
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. posting key document type account group fields status group .
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. Assign the Segment Reporting scenario to your leading ledger. Define a retained earnings account. Define two retained earnings accounts and assign them to your P&L accounts. Activate cost of sales accounting. .
Which specifications can you choose in the reverse document header data to reverse a general ledger posting? base date document date payment block posting date .
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. 4 3 1 5 2.
Which entries can you define when maintaining a G/ L account? There are 3 correct answers to this question. Ledger assignment Open item management Account group Field status group Profit center .
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 splitting rules. Assign the splitting method to the transaction variant. Define a non-leading ledger for the split documents. .
What is the typical sequence of steps in an ASAP roadmap? Project Preparation -> Final Preparation -> Business Blueprint -> Realization -> Go Live and Support Project Preparation -> Business Blueprint -> Realization -> Final Preparation -> Go Live and Support Project Preparation -> Realization -> Business Blueprint -> Final Preparation -> Go Live and Support Business Blueprint -> Project Preparation -> Final Preparation -> Realization -> Go Live and Support .
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 sensitive fields for dual control The company codes that can be used for the account group The number range of master data accounts The fields that are available during posting to vendor accounts The One-Time Account checkbox .
How can the short text field of a G/L account be changed? Please By making the change at the start of a new fiscal year Individually, in the company code segment Centrally, in the chart of accounts segment By making sure that the field status of the chart of accounts segment allows it .
What does the posting key control? There are 3 correct answers to this question. Account type Number range Document type Debit/credit indicator Field status (of posting key) .
Which of the following statements are true? There are 3 correct answers to this question. 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 "Only Balances in Local Currency" indicator must not be set in reconciliation accounts for customers or vendors. 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 usage of a financial statement version for the group chart of accounts is optional. .
Which of the following objects can be used to derivate segments automatically? Profit center Cost center G/L account Functional area .
what is the purpose of the group account number in G/L account master maintenance? it defaults the number interval that is applied for the G/L account number in the company code it is used for cross-company code reporting if the company codes use different chart of accounts it determines the fields in the entry screen when you create or update a master record in the company code it acts as the key to identity the balance sheet and profit and loss accounts in the financial statement version .
Which options are available to define the number range of a document? There are 2 correct answers to this question. Continuous Ledger group specific For every fiscal year variant For every fiscal year .
What can we define into the chart of accounts customizing transaction (OB13 transaction)? There are 4 correct answers to this question. Maintenance language. Length of the company code. Blocking / unblocking chart of accounts. Description. Length of the G/L account number. .
Which of the following factors determine field status for vendors? Account group, transaction, and company code Account group, chart of accounts, and company code Account group, transaction, and chart of accounts Transaction, chart of accounts, and company code .
Consider the following sentences about field status: 1) Fields which _____________can be made____________ 2) Fields that can be entered, but are not required, can be set to _________entry Which of the options below matches the blank spaces of those sentences? Please choose the correct answer. 1) must not have an entry / required, 2) optional 1) must have an entry / suppressed, 2) suppressed 1) must not have an entry / optional, 2) suppressed 1) must have an entry / required, 2) optional 1) must have an entry / optional, 2) optional .
What of these alternatives are considered master data? There are 4 correct answers to this question. G/L Accounts Asset Customer Chart of Accounts Vendor.
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 ? The field will be hidden. An error message will occur. The document can be posted anyway. The field will be available for entry. .
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 sensitive fields for dual control The number range of master data accounts The company codes that can be used for the account group The fields that are available during posting to vendor accounts The One-Time Account checkbox .
you post a credit memo for an invoice with a posting date one week after the invoice was entered. How can you ensure that the due date of the credit memo is the same as the due date of the invoice? ensure that the same payment terms are used in both documents enter a ā€˜ā€™Vā€™ā€™ in the invoice reference field of the credit memo enter the invoice number in the invoice reference field of the credit memo ensure that the same payment method applies to both documents.
Your customer wants to clear minor payment differences for incoming payments automatically. Which objects do you have to use to fulfill this requirement ? Tolerance groups for employees and tolerance groups for customers/vendors Tolerance groups for G/L account and tolerance groups for employees Tolerance groups for employees and tolerance groups for document types Tolerance groups for G/L account and tolerance groups for customers/vendors .
Your company currently uses internal number ranges for documents. You are rolling out your system in a new country. It is a legal requirement in this country to have external document numbering on vendor invoices (currently document type KR). You have copied the number ranges from the existing company code to the new company code. Which Customizing settings do you have to make to meet this requirement and have a minimal effect on the existing system configuration? Create a new external document type and assign the number range 51 to the new document type. Create a new document type and a new external number range interval as external. Assign the new number range to the new document type. Mark a new document number range as external and assign it to the document type KR. Mark existing number range interval 51 as external for the new company code.
You can configure different types of Chart of Accounts in the ERP system. Which one of the following are TRUE Chart of Accounts? There are 3 correct answers to this question. Country-specific chart of accounts Group chart of accounts Plant-specific chart of accounts Operating chart of accounts .
Which information is updated on the invoice when posting a complete payment? There are 2 correct answers to this question. Clearing currency Clearing document number Clearing account Clearing date .
How does the system behave when an invoice is processed as a residual payment? The original document and payment are cleared. All document remain in the account as open items. The payment document is posted as a down payment. The payment term of the original document is changed.
How does the SAP ERP ECC 6.0 with new G/L accounting support real- time Co-FI integration? The universal journal provides a common database table for both CO and Fi posting. Batch reconciliation posting are generated from the reconciliation ledger. A separate posting period interval specifically for the CO-FI postings is provided. The controlling area can be configured with one to one assignment to a company code. .
What limitation do you have to consider for the fiscal year variant assigned to the leading ledger of a company code ? It must have 12 normal periods and up to 4 special periods (13 to 16 periods in total) It must match all other company codes assigned to the same controlling area. It must be the same for all ledgers that are used by the company code. It must be the same as the posting period variant assigned to the company code. .
Which object can be used TO derive the profit center automatically during posting? Cost center Company code Segment Business area .
What is controlled by the terms of payment? There are 3 correct answers to this question. Default payment method Setting for net procedure Allowed account type Account for cash discount received Determination of the baseline date .
You have been asked to copy a company code from an existing company code. Which existing objects can be assigned automatically? Profit center groups Customer master data Controlling areas G/L accounts .
Your company code use USD as the company currency. You are trying to post to an account in EUR but get an error message. What could be the main problem? 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 indictor is set in the account. The account determination for exchange rate difference is missing for the account. .
What tools reduce the amount of work involved in the maintenance of exchange rates? There are 3 correct answers to this question. Base currency Exchange rate spread Inversion Conversion Average exchange rate .
Sensitive field have been defined and customized for vendor master data. For which of the following sensitive fields will an update trigger dual control? Currency Account group IBAN VENDOR ACCOUNT NUMBER .
In your company code , document splitting is active. 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 centers ,tax is charged with 10 % VAT? Select Total Line items in Entry view and GL view. Entry view: 3. General ledger view 9 Entry view: 5. General ledger view 9 Entry view: 3. General ledger view 7 Entry view: 5. General ledger view 7 .
Where can you block an open vendor for payment? There are 2 correct answers to this question. In the general segment of the vendor master record. In the invoice document during posting In the company code segment of the vendor master record In customizing for sensitive fields.
Which element do you define when you create a new document type ? Reasons for reversal Number range for the document type Account type allowed for posting Posting keys for the document type .
What needs to be maintained in customizing to allow cross company transactions. There are 3 correct answers to this question. Posting keys Clearing account VAT accounts Field movement Posting Authorizations .
Report abuse Terms of use
HOME
CREATE TEST
INFO
STADISTICS
RECORDS
Author's Tests