SAP ERP Financial Accounting

In the Data Entry view, what is the maximum number of line items in a single FI document? Please choose the correct answer. 99. Unlimited. 9999. 999.

Special G/L transactions can be divided into which types? There are 3 correct answers to this question. Automatic offsetting entry. Free offsetting entry. Interest. Value adjustment. Noted ítem.

To which of the following does an asset class apply? Please choose the correct answer. To all company codes in a controlling area. To all company codes in an instance (client-independent). To all company codes within a client, which share the same chart of accounts. To all company codes in a client.

You are testing the payment program. The payment run has been executed. When you look at the program log you notice that the payment method check shows that part of the address is missing from the vendor master. In Customizing for payment programs, where can you see which data is mandatory ? Please choose the correct answer. Company code data for the payment methods. Paying company codes for payment transactions. Bank account determination. Country data for the payment methods.

What are the prerequisites for posting a vendor invoice in Financial Accounting? There are 2 correct answers to this question. You have created a company code segment in the vendor master. You have maintained the currency exchange rates in the system. You have updated the bank details section of the vendor. You have set up a number range for the vendor invoice document type.

Which are the necessary steps to create a validation? Please choose the correct answer. Check, update, message. Check, control, message. Prerequisite, check, update, control. Prerequisite, check, message.

SAP Solution Manager provides support throughout the life cycle of solutions - which common usage scenario is missing from the list of usage scenarios below? • (Implement SAP Solutions) • (Monitor SAP Solutions) • (Manage Service Desk) • (Link to SAP Services) • (Upgrade SAP Solutions) Please choose the correct answer. Link to Change Requests. Manage Change Requests. Monitor Service Desk. Implement SAP Services.

Consider the following sentences, which of them is false? 1) The variant principle is a three-step method used in R/3 to assign special properties to one or more R/3 objects. 2) One of the disadvantages to use variants is that it can't deal with the maintenance of properties, which are common among several business objects. 3) For using the variant principle, you must define the variant, populate it with values and assign it to the R/3 objects. 4) This principle is used for Fiscal Years, Posting Periods and so on. Please choose the correct answer. 2. 1 and 2. 1 and 3. 3. 1.

Which objects can be assigned to an asset master record? There are 3 correct answers to this question. WBS element. Profitability segment. Internal order. Profit center. Cost center.

ERP offers enterprise centric functionality (general ledger, payroll, order entry) to integrate core, internal processes. About the definition of ERP and e-business functionalities, we can say that... There are 4 correct answers to this question. ERP is SAP R/3, while e-business is mySAP.com. About Processes, ERP can have them integrated, core within enterprises and collaborative, beyond company boundaries. ERP is mySAP Financials and mySAP HR. About Architecture, ERP can be considered as an integrated system and e-business, as an integrated system and an open integration platform. About Business Model, ERP can be considered as enterprise centric and e-business, as extended and collaborative.

What does the year-end closing program do in Asset Accounting? There are 2 correct answers to this question. It checks whether the previous year has been closed in Financial Accounting. It checks whether depreciation and assets are fully posted. It checks whether assets contain errors or are incomplete. It opens new annual value fields for each asset.

What elements of a customer account are created when you maintain the account decentralized in Financial Accounting? Please choose the correct answer. General data, company code data, and sales area data. General data and company code data. General data and sales area data. General data, company code data, and purchasing organization data.

You have entered a non-invoice-related credit memo and selected the term of payment "Net due 30 days". The Invoice Reference field is empty (it contains neither a document number nor a V). What effect does this have on the term of payment ? Please choose the correct answer. An error occurs. The term of payment is valid. The term of payment is invalid. The term of payment is copied from the last valid invoice of the customer.

Identify the main areas of the Implementation Roadmap from the items listed below? There are 3 correct answers to this question. IMG area. Viewing / Text area. Roadmap structure Attachments area. Accelerator area.

What are the advantages of the Payment Medium Workbench (PMW)? There are 3 correct answers to this question. It can be used to change payment formats without modifying the programs. It automatically creates direct debits. 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.

The field status definitions from the account group and the transaction are considered for each field. The field status definition with the higher priority is used. Which priority sequence, going from the highest to the lowest, is correct ? Please choose the correct answer. Optional Entry, Hide, Display, Required Entry. Hide, Display, Required Entry, Optional Entry. Required Entry, Optional Entry, Hide, Display. Display, Required Entry, Optional Entry, Hide.

Identify the main areas of the Implementation Roadmap from the items listed below? There are 3 correct answers to this question. IMG área. Viewing / Text area. Roadmap structure Attachments area. Accelerator area.

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. The field will be available for entry. The document can be posted anyway. The field will be hidden. An error message will occur.

What is the disadvantage of using the group chart of accounts? Please choose the correct answer. Because accounts with the account currency as local currency can only be posted to this local currency. Because the group chart of accounts must be assigned to each operational chart of accounts. Because the company codes use different operational chart of accounts, you cannot carry out cross-company code controlling. Because you must enter the group account number in the chart of accounts segment of the operational account. Because changes to existing G/L Accounts are effective as soon as they have been saved and could have extensive consequences.

Which of the following are interactive functions available in the SAP List Viewer? There are 3 correct answers to this question. Master data modification. Filters. Summation. Dual control. Sorting.

What can we say about ALE (Application Link Enabling)? There are 3 correct answers to this question. The applications are integrated via a central database. Business processes cannot be distributed using ALE. The applications are integrated via the message exchange. The ALE concept supports the implementation and operation of distributed SAP applications. The ALE concept is related to an enterprise structure with areas that have central tasks and areas with tasks that are decentralized.

What is the typical sequence of steps in an ASAP roadmap? Please choose the correct answer. Project Preparation -> Final Preparation -> Business Blueprint -> Realization -> Go Live and Support. Business Blueprint -> Project Preparation -> Final Preparation -> 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.

You need to assign more than one company code to one controlling area. Under what kind of a business scenario would you need to consider such a decision? There are 2 correct answers to this question. Representation of intercompany processes, whereby producing and delivering plant are the same. Cross-company code transactions that MUST be processed in a controlling area. Multilevel Product Cost Management across company codes.

Consider the following sentences about the indirect quotation, what is the correct option ? 1) It is also known as volume notation. 2) The currency value is expressed in the local currency per unit of foreign currency 3) For indirect quotation, there is no prefix to difference between direct quotation. Please choose the correct answer. 2. 1. 3. None of them. All of them.

Your customer is running an SAP ERP system with New General Ledger Accounting activated. All scenarios, but no customer fields, are assigned to the leading ledger. Which objects in the totals table (FAGLFLEXT) can be evaluated with drilldown reports? Please choose the correct answer. Business areas, functional areas, segments, profit centers, user IDs. Cost centers, business areas, functional areas, segments, tax codes. Profit centers, cost centers, business areas, functional areas, divisions. Segments, profit centers, cost centers, business areas, functional areas.

A company uses different terms of payment. What can you define for these terms of payment? There are 3 correct answers to this question. Cash discount periods. Baseline date for due date calculation. Interest calculation. Cash flow calculation. Cash discount percentage rates.

Which of the following is mandatory to make G/L accounts ready for posting? Please choose the correct answer. A chart of accounts segment and at least one company code segment. A chart of accounts segment and at least one functional area. A company code segment and at least one cost element. A chart of accounts segment and at least one cost element.

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. Create company codes with different fiscal year variants and assign them to the same group company for reporting purposes. Use the same fiscal year variant for all company codes and do a reversible close for the company codes that have different fiscal years. 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. Use the same fiscal year variant for all company codes and set up parallel accounting for company codes that have different fiscal years.

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 reason? There are 3 correct answers to this question. The status of the AuC is set to Summary Management. The Depreciation Engine is not active. The settlement profile does not allow assets as valid receivers. The AuC has not been released. There is no settlement profile assigned to the company code.

Which of the following task types are supported by the Closing Cockpit or Schedule Manager? There are 3 correct answers to this question. Programs with or without variant. Notes (as a reminder or milestone). Reconciliation keys. Spreadsheets. Transactions.

Which elements of a customer account are created when you maintain the account decentralized in Financial Accounting? Please choose the correct answer. General data, company code data, and purchasing organization data. General data and sales area data. General data and company code data. General data, company code data, and sales area data.

Consider the following sentences, Which of these combinations is true? 1) A base currency can be assigned to an exchange rate type. 2) To deal with exchange rate spreads, two very efficient combinations of the exchange rate tools are using a base currency for the average rate (M) and using the exchange rate spreads to calculate the buying and selling rates (B and G). 3) A base currency can be used for an average, a buying or a selling rate. 4) The relations between currencies have to be maintained per exchange rate type and currency pair in the translation factors. Please choose the correct answer. 1, 2 and 3. 1, 2, 3 and 4. 1, 3 and 4. 1, 2 and 4. 2, 3 and 4.

A company sells products. Sometimes, when dealing with complaints, they need to issue a credit memo. Which accounts will be used to issue credit memos? Please choose the correct answer. Payables and expense account. Payables and revenue account. Receivables and expense account. Receivables and revenue account.

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 have an entry / required, 2) optional. 1) must not have an entry / optional, 2) suppressed. 1) must have an entry / optional, 2) optional. 1) must have an entry / suppressed, 2) suppressed. 1) must not have an entry / required, 2) optional.

Which of the following objects can be used to derivate segments automatically?. Profit center. Cost center. Functional area. G/L account.

Which Customizing settings can you make for payment terms? There are 3 correct answers to this question. Determine whether a payment term is valid only for the vendor, only for the customer, or for both customer and vendor. Determine a default currency code for the header of the accounting document. Determine that invoices are locked for dunning. Determine that invoices are locked for payment. Determine a default payment method for the line item.

Which functions are provided by the Reclassify Payables/Receivables closing activity? There are 2 correct answers to this question. Regrouping and sorting of payables and receivables. Credit check and rating of open items. Automatic correction of bad debits or credits. Open item analysis for liquidity forecast. Adjustment postings for changed reconciliation accounts.

What is a SAP Business Object ? Please choose the correct answer. It is a sequence of dialog steps that are consistent in a business context and that belong together logically. It is composed of tables that are related in a business context, including the related application programs and it is maintained in the Class Repository. It is all the transaction data generated via transactions. It is the representation of a central business object in the real world, such as an employee, sales order, purchase requisition, invoice and soon. It is the instanced class of the Class Builder.

ASAP (Accelerated SAP) Roadmap is aimed at providing step-by-step direction and guidance throughout the project implementation. Please choose the correct order of the 5 Phases in the project implementation lifecycle? Please choose the correct answer. 1) Business blueprint, 2) Project preparation, 3) Final preparation, 4) Go Live & Support, 5) Realization. 1) Project preparation, 2) Business blueprint, 3) Realization, 4) Final preparation, 5) Go Live & Support. 1) Business blueprint, 2) Project preparation, 3) Final preparation, 4) Realization, 5) Go Live & Support. 1) Go Live & Support, 2) Project preparation, 3) Business blueprint, 4) Final preparation, 5) Realization. 1) Project preparation, 2) Final preparation, 3) Business blueprint, 4) Realization, 5) Go Live & Support.

Your chief accountant would like to display company-owned cars separately in the balance sheet. These cars were previously included in the asset class "factory and office equipment". What do you have to configure? Please choose the correct answer. Create a new account determination, but no new asset class. Create evaluation groups to subdivide all assets of the class. Create a new asset class and a new account determination. Create a new asset class, but use the same account determination.

How does SAP support impairment posting? Please choose the correct answer. By using worklists. By using new transaction codes for retirements. By using special depreciation keys. By using Segment Reporting.

What does the posting key control? There are 3 correct answers to this question. Field status (of posting key). Document type. Debit/credit indicator. Account type. Number range.

Which of the following is a typical sequence of steps in a Purchase to Pay process? Please choose the correct answer. Purchase order -> Purchase requisition -> Goods receipt -> Invoice verification -> Payment. Purchase requisition -> Purchase order -> Goods receipt -> Invoice verification -> Payment. Purchase requisition -> Goods issue -> Purchase verification -> Invoice receipts -> Payment. Purchase requisition -> Goods verification -> Purchase receipts -> Invoice receipts -> Payment.

In a payment run, the data entered for a payment method in the document may differ from the master data. How is this resolved by the system ? Please choose the correct answer. Master data overrides document data. The payment run stops and the system issues an error message. Document data overrides master data. The payment run temporarily stops, and the system prompts you to correct the data. After you have corrected the data, the payment run continues.

What do you use the Closing Cockpit for? Please choose the correct answer. To perform day-to-day activities. To create mass change of offsetting days for existing activities. To perform periodically recurring activities. To run reconciliation between CO and FI.

Which activity will have an impact on the net book value of an asset? Please choose the correct answer. Changing the assigned cost center. Changing the assigned WBS element. Changing the useful life of the asset. Changing the account determination.