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SAP C_TFIN52_67 SAP Certified Application Associate - Financial Accounting with SAP ERP 6.0 EhP7 Exam Practice Test

Demo: 24 questions
Total 160 questions

SAP Certified Application Associate - Financial Accounting with SAP ERP 6.0 EhP7 Questions and Answers

Question 1

Which elements of a customer account are created when you maintain the account decentralized in Financial Accounting?

Options:

A.

General data, company code data, and purchasing organization data

B.

General data and company code data

C.

General data, company code data, and sales area data

D.

General data and sales area data

Question 2

For reports in Asset Accounting, which object do you have to use and, where necessary, customize to determine the sort level and/or the summation level?

Options:

A.

Depreciation area

B.

Sort key

C.

Sort variant

D.

Valuation area

E.

Company

Question 3

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?

Options:

A.

Six – one for each combination of house bank and bank account

B.

One for all postings

C.

Two – one for each house bank

D.

Three – one for each bank account

Question 4

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.

Response:

Options:

A.

The field will be hidden.

B.

The document can be posted anyway.

C.

The field will be available for entry.

D.

An error message will occur.

Question 5

You configure the available amounts for bank accounts. What happens to these available amounts during the payment run?

Options:

A.

They are set to zero.

B.

They are updated automatically, but have to be released by another user (dual control).

C.

They are updated automatically.

D.

They are not updated.

Question 6

You entered a non-invoice-related credit memo and selected Net Due 30 Days as the term of payment. The Invoice Reference field is empty. What effect does this have on the term of payment entered in the credit memo?

Options:

A.

The term of payment entered in the credit memo is ignored during clearing.

B.

The term of payment entered in the credit memo is replaced by the term of payment from the last valid customer invoice.

C.

An error occurs.

D.

The term of payment entered in the credit memo is used during clearing.

Question 7

A company code is...

Please choose the correct answer.

Response:

Options:

A.

An independent accounting entity (the smallest organization element for which a complete self-

contained set of accounts can be drawn up).

B.

An organizational unit in an enterprise that represents a closed system used for cost accounting purposes.

C.

An organizational unit that provides an additional evaluation level for the purpose of segment reporting, for example.

D.

A dependent accounting entity, according to Fiscal Year.

E.

The highest level in the R/3 system hierarchy.

Question 8

What are the prerequisites for setting up cross-company-code cost accounting? (Choose two)

Options:

A.

The same fiscal year variant is used for all company codes.

B.

The same currency is used for all company codes.

C.

The same variant for open periods is used for all company codes.

D.

The same chart of accounts is used for all company codes.

Question 9

Your customer wants to access line items for individual P/L accounts without leaving the balance sheet and P/L display. What do you recommend?

Options:

A.

Activate the Line Item Display flag in the financial statement version.

B.

Use a drilldown report.

C.

Use the standard Financial Statements (RFBILA00) report.

D.

Run a line item report.

Question 10

Which objects can be assigned to an asset master record with New General Ledger Accounting?

There are 3 correct answers to this question.

Response:

Options:

A.

Profit center

B.

Internal order

C.

Account determination

D.

Profitability segment

E.

Segment

Question 11

What do you define when you configure a dunning procedure?

Please choose the correct answer.

Response:

Options:

A.

Dunning levels and the language of the dunning note

B.

Dunning levels and account determination to post dunning interest

C.

Dunning charges for each dunning level and customers to be dunned

D.

Dunning levels and dunning charges for each dunning level

Question 12

What do you define when you set up a depreciation area?

Options:

A.

The posting to the general ledger

B.

The company code in Asset Accounting

C.

The account determination

D.

The asset number ranges

Question 13

Which of the following accounts are updated directly?

Options:

A.

Accounts in the group chart of accounts

B.

Accounts in the operating chart of accounts

C.

Accounts in the master chart of accounts

D.

Accounts in the country chart of accounts

Question 14

Which of the following factors determine the field status for vendors?

Options:

A.

Account group, transaction, and company code

B.

Transaction, chart of accounts, and company code

C.

Account group, chart of accounts, and company code

D.

Account group, transaction, and chart of accounts

Question 15

For which scenario can you use the cash journal?

Please choose the correct answer.

Response:

Options:

A.

To manage cash in local branches and offices

B.

To make remittances to vendors

C.

To post incoming and outgoing payments in any transaction currency

D.

To record documents that will not be included in the general ledger

Question 16

Consider the following statements, Which of them are false?

1) You cannot use the country chart of accounts if you desire to use the cross-company code controlling.

2) The disadvantage of using country chart of accounts is the accounting clerks who may be familiar with the country chart of accounts first have to get used to using the operational chart of accounts.

3) Reconciliation accounts are updated on a daily basis.

Please choose the correct answer.

Response:

Options:

A.

1 and 2

B.

1 and 3

C.

2 and 3

D.

All of them

E.

None of them

Question 17

A customer wants to use document splitting to enable balance sheets by segments. How do you set up the document split? (Choose two)

Options:

A.

Assign the splitting method to the transaction variant.

B.

Define a non-leading ledger for the split documents.

C.

Assign all document types to business transactions and business transaction variants.

D.

Define splitting rules.

Question 18

Your customer wants to use the Closing Cockpit for period end closing. What major benefits of the Closing Cockpit do you highlight?

There are 2 correct answers to this question.

Response:

Options:

A.

It enables the use of a task list covering all closing activities.

B.

It optimizes legacy data transfer.

C.

It closes the posting period automatically on the last day of the period.

D.

It provides complete documentation of the activities performed during period-end closing.

Question 19

Which of the following are interactive functions available in the SAP List Viewer?

There are 3 correct answers to this question.

Response:

Options:

A.

Dual control

B.

Sorting

C.

Master data modification

D.

Summation

E.

Filters

Question 20

What is the segment that makes complete both customer and vendor accounts?

Please choose the correct answer.

Response:

Options:

A.

Client.

B.

Company Code.

C.

Controlling Area.

D.

Sales Area.

E.

Purchasing Organization.

Question 21

In the New General Ledger Accounting, how would you incorporate companies with different fiscal years if you wanted to assign them to the same controlling area?

Please choose the correct answer.

Response:

Options:

A.

Use the same fiscal year variant for all company codes and do a reversible close for the company codes that have different fiscal years.

B.

Create company codes with different fiscal year variants and assign them to the same group company for reporting purposes.

C.

Create company codes with the same fiscal year variant and assign the company codes that have a different fiscal year to non-leading ledgers with the appropriate fiscal year variant.

D.

Use the same fiscal year variant for all company codes and set up parallel accounting for company codes that have different fiscal years.

Question 22

How can the short text field of a G/L account be changed?

Options:

A.

Individually, in the company code segment

B.

By making the change at the start of a new fiscal year

C.

By making sure that the field status of the chart of accounts segment allows this

D.

Centrally, in the chart of accounts segment

Question 23

Which of the following objects can be used to derivate segments automatically?

Response:

Options:

A.

Profit center

B.

G/L account

C.

Functional area

D.

Cost center

Question 24

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 reasons for this? (Choose three)

Options:

A.

There is no settlement profile assigned to the company code.

B.

The AuC has not been released with the status "Technically Complete".

C.

The status of the AuC is set to "Summary Management".

D.

The Depreciation Engine is not active.

E.

The settlement profile does not allow assets as valid receivers.

Demo: 24 questions
Total 160 questions