ERASED TEST, YOU MAY BE INTERESTED ON TS 410 - Cap.2 (FI) Core Finance: Financial Accounting
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TS 410 - Cap.2 (FI) Core Finance: Financial Accounting Description: SAP Certification TS410 Author: fohashi Other tests from this author Creation Date: 23/06/2024 Category: Others Number of questions: 27 |
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1. Which of the following are the key processes in financial accounting? (There are two correct answers.) Profit center accounting Asset accounting Cost element accounting General ledger accounting. 2. Which of the following receives most of its data from individual accounts for suppliers? Accounts receivable Supplier expense account Accounts payable Profit center accounting. 3. Which of the following are correct about financial accounting? (There are two correct answers.) Internally focused Externally focused Subject to a country’s laws and other regulations Defined by company’s management needs. 4. Which of the following is NOT organizational data in financial accounting? (There are two correct answers.) Cost center General ledger account Business area Segment. 5. Which of the following represents a division of a company and a dimension in financial statements? Business area Segment Company code Organizational unit. 6. Which of the following are master data in financial accounting? (There are two correct answers.) General ledger account Cost center master record Leading ledger Asset account. 7. Which of the following are subledger accounts? (There are two correct answers.) Accounts receivable reconciliation account Vendor account Contract accounts receivable Inventory-finished goods. 8. Which of the following is NOT correct about the reconciliation accounts? They are closed for direct posting They connect subledger accounts to the general ledger They are subledger accounts They are general ledger accounts. 9. Which of the following must be first selected to create a business partner master record? Business partner grouping Partner function Business partner role Business partner category. 10. Which of the following business partner roles includes a reconciliation account number for the business partner? (There are two correct answers.) Business partner general role Financial accounting vendor role Customer role Financial accounting customer role. 11. Which of the following are correct about organizational and master data in financial accounting? (There are three correct answers.) Segments are created at the client code level A business area can be activated for multiple company codes Only one business partner can be assigned to each reconciliation account Each company code must be assigned to the operational chart of accounts A company code can be assigned to only one chart of accounts. 12. Which of the following are correct about the scope of general ledger accounting? (There are two correct answers.) Represents internal accounting Represents external accounting Includes all details of the business transactions with individual business partners Concerned with legal reporting. 13. Which of the following is NOT correct about parallel accounting? There can be multiple general ledgers, but only one of them can be the leading ledger All company codes must be assigned to the leading ledger A currency must be assigned to a company code and ledger All parallel ledgers are assigned the same international accounting principles. 14. Which of the following information can be found in the chart of accounts? (There are two correct answers.) A list of general ledger account balances Postings to general ledger accounts General ledger account numbers Type of general ledger account (P&L or balance sheet). 15. Which of the following are correct about the account group? (There are three correct answers.) It must be maintained in company code segment data of general ledger account A general ledger account can belong to several account groups It determines the field status of data field categories for general ledger accounts It determines the number range for the general ledger accounts Account groups are defined per chart of accounts. 16. Which of the following can be found in the company code segment data of the general ledger account master record? (There are two correct answers.) Account group Account currency General ledger account type Interest data. 17. Which of the following header-level data can help you to identify an accounting document? (There are two correct answers.) Fiscal year Document date Company code General ledger account number. 18. Which of the following are correct about the posting key? (There are two correct answers.) You must enter the posting key for each line item during the general ledger document posting The posting key is valid for the entire accounting document Determines the type of posting (debit or credit) Determines the field status for each line item in the accounting document. 19. For which dimensions document splitting enables preparation of financial statements (There are three correct answers.) Segment Profit center Work center Plant Business area. 20. Which of the following provides a comparison of assets and liabilities? Income statement P&L statement Balance sheet Asset history sheet. 21. What do you have to enter first to create an asset master record? (There are two correct answers.) Asset class Asset category Company code Account determination key. 22. Which of the following are correct about the assets? (There are three correct answers.) An asset can be owned by several company codes Each asset must be assigned to an asset class Assets can only be acquired externally An asset master record in asset accounting can be created synchronously with an equipment master record in plant maintenance Assets are linked to multiple general ledger accounts through account determination key. 23. Which of the following must be entered during the asset posting for external acquisition? (There are two correct answers.) Transaction type Purchase order number Vendor number Posting key. 24. Which of the following are correct about a fixed asset’s depreciation? (There are two correct answers.) For each fixed asset, the system can calculate only one type of depreciation Asset depreciation is automatically calculated and reflected in the balance sheet in real time You must execute a periodic depreciation posting run to transfer all depreciation to the asset master record Depreciation keys are used in the system for the calculation of planned depreciation. 25. Which of the following can be done in the asset explorer? (There are two correct answers.) You can see planned and posted depreciation per fiscal year and per depreciation area You can list all financial transactions for a group or class of assets You can branch master data of asset and other cost objects You can change depreciation keys for an asset. 26. Which of the following can be assigned to an asset in the asset master record? (There are three correct answers.) Maintenance work center Profit center Cost center Maintenance planning group Business area. 27. Which of the following results in a posting to asset accounts? (There are two correct answers.) Goods receipts Settlements for an internal order Purchase requisitions for an asset Depreciation posting runs. |
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