Financial Accounting Certification SAP

Question 1 of 91

1

Which of the following accounts are updated directly?

Select one of the following:

Accounts in the group chart of accounts
Accounts in the operating chart of accounts
Accounts in the master chart of accounts
Accounts in the country chart of accounts

Explanation

Question 2 of 91

1

In your leading ledger (ledger solution), balance sheets must be created for company codes and segments. Which Customizing settings do you need to make? (Choose two)

Select one or more of the following:

Define a retained earnings account.
Define two retained earnings accounts and assign them to your P&L accounts.
Assign the Segment Reporting scenario to your leading ledger.
Activate cost of sales accounting.

Explanation

Question 3 of 91

1

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

Select one or more of the following:

The same fiscal year variant is used for all company codes.
The same currency is used for all company codes.
The same variant for open periods is used for all company codes.
The same chart of accounts is used for all company codes.

Explanation

Question 4 of 91

1

You post a G/L document. For the Text field, the field status of the posting key is set to Required Entry and the field status of the G/L account is set to Hidden Entry? What happens during posting?

Select one or more of the following:

The document is posted.
A warning message is shown.
An error message is shown.
The Text field is hidden.

Explanation

Question 5 of 91

1

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?

Select one or more of the following:

Mark a new document number range as external and assign it to the document type KR.
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 existing number range interval 51 as external for the new company

Explanation

Question 6 of 91

1

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?

Select one or more of the following:

Six - one for each combination of house bank and bank account
One for all postings
Two - one for each house bank
Three - one for each bank account

Explanation

Question 7 of 91

1

Which line item field is filled automatically by the sort key field of a master record (G/L account, customer, or vendor)?

Select one or more of the following:

Item text
Assignment
Amount in document currency
Number of the invoice to which the transaction belongs

Explanation

Question 8 of 91

1

You want to reconcile the amounts you have in a main bank G/L account in your system with the daily bank statement. You create a single intermediate G/L bank account for each bank. All transactions with the bank are posted through the intermediate account. Which of the following indicators do you have to activate in the G/L account characteristics of the intermediate account? (Choose two)

Select one or more of the following:

Reconciliation account for account type Bank
Line item display
P&L statement account
Post automatically only
Open item management

Explanation

Question 9 of 91

1

Your customer has two company codes in the same client. Each company code has a different operational chart of accounts. The customer has a country-specific chart of accounts for each company code.How does this influence how you create customer master records?

Select one or more of the following:

You have to create customer master records for each credit control area.
You have to create one master record for each customer.
You have to create customer master records for each country-specific chart of accounts.
You have to create customer master records for each chart of accounts.

Explanation

Question 10 of 91

1

What do you define when you configure a dunning procedure?

Select one or more of the following:

Dunning levels and dunning charges for each dunning level
Dunning levels and account determination to post dunning interest
Dunning charges for each dunning level and customers to be dunned
Dunning levels and the language of the dunning note

Explanation

Question 11 of 91

1

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

Select one or more of the following:

Account group, transaction, and company code
Transaction, chart of accounts, and company code
Account group, chart of accounts, and company code
Account group, transaction, and chart of accounts

Explanation

Question 12 of 91

1

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

Select one or more of the following:

They are set to zero.
They are updated automatically, but have to be released by another user (dual control).
They are updated automatically.
They are not updated.

Explanation

Question 13 of 91

1

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

Select one or more of the following:

Assign the splitting method to the transaction variant.
Define a non-leading ledger for the split documents.
Assign all document types to business transactions and business transaction variants.
Define splitting rules.

Explanation

Question 14 of 91

1

Your customer's Accounting department informs you that the company issues checks. They need to easily differentiate payments made by check.How can you facilitate this requirement?

Select one or more of the following:

Create an additional field in the coding block called Check.
Use the payment method for checks.
Use the payment term for checks.
Customize a line item report that filters data according to the text field, and instruct users to enter the word "Check" in the field when entering such payments.

Explanation

Question 15 of 91

1

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?

Select one or more of the following:

Activate the Line Item Display flag in the financial statement version.
Use a drilldown report.
Use the standard Financial Statements (RFBILA00) report.
Run a line item report.

Explanation

Question 16 of 91

1

At which level is the vendor account number (master record) assigned?

Select one or more of the following:

At a combination of client and company code segment level
At a combination of client and purchasing organization segment level
At client level
At company code segment level

Explanation

Question 17 of 91

1

A customer wants to use segment reporting on balance sheet and P/L accounts. Which business function do you recommend?

Select one of the following:

Special Purpose Ledger
Profitability Analysis
New General Ledger Accounting
Profit Center Accounting

Explanation

Question 18 of 91

1

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?

Select one of the following:

Balance sheet and P&L accounts
P&L accounts
Accounts managed only on the basis of open items
d) Balance sheet accounts

Explanation

Question 19 of 91

1

A company uses different terms of payment. What can you define for these terms of payment? (Choose three)

Select one or more of the following:

Cash discount periods
Interest calculation
Baseline date for due date calculation
Cash flow calculation
Cash discount percentage rates

Explanation

Question 20 of 91

1

What are the advantages of the Payment Medium Workbench (PMW)? (Choose three)

Select one or more of the following:

It activates the automatic import of settings related to changes in payment transaction laws.
It provides a uniform set of functions for all kinds of payment methods.
It automatically creates direct debits.
It can be used to change payment formats without modifying the programs.
It can be used to create new payment formats.

Explanation

Question 21 of 91

1

In a payment run, the data entered for a payment method in the document may differ from the master data. How does the system resolve this?

Select one or more of the following:

The payment run temporarily stops, and the system prompts you to correct the data. After you have corrected the data, the payment run continues.
The payment run stops and the system issues an error message.
Master data overrides document data.
Document data overrides master data.

Explanation

Question 22 of 91

1

Which of the following is mandatory to make G/L accounts ready for posting?

Select one or more of the following:

A chart of accounts segment and at least one cost element
A company code segment and at least one cost element
A chart of accounts segment and at least one functional area
A chart of accounts segment and at least one company code segment

Explanation

Question 23 of 91

1

A customer requires a balance sheet per segment but does not require a balance sheet per profit center. You discuss the features of segments and profit centers with him. Which features can you highlight? (Choose three)

Select one or more of the following:

You can assign the segment to the asset master record.
You can assign a segment to a cost accounting object such as a cost center or internal order.
Segments are derived from profit centers in the standard system.
You can assign the segment to the material master.
You can post in FI directly to a segment.

Explanation

Question 24 of 91

1

How do you prevent duplicate vendors from being created? (Choose two)

Select one or more of the following:

Activate master data comparison for the vendor.
Activate message control for the duplicate vendor check.
Run the Vendor De-Duplication report.
Use matchcode to check whether the vendor already exists

Explanation

Question 25 of 91

1

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)?

Select one or more of the following:

Separate dunning runs
Dunning areas
Dunning block reasons
Dunning keys

Explanation

Question 26 of 91

1

Which of the following describe characteristics of master data? (Choose two)

Select one or more of the following:

Master data is used on a long-term basis for multiple business processes.
Master data is typically assigned to organizational levels.
Master data must be assigned on company code level.
Master data cannot be changed after creation.
Master data is a template for transactional data.

Explanation

Question 27 of 91

1

You want to update the Search Term2 field in your customer master data, but the field does not appear in the maintenance transaction. Which field status definitions do you have to check and, if necessary, change in Customizing? (Choose two)

Select one or more of the following:

Field status definitions of activities
Field status definitions of company codes
Field status definition of the assigned reconciliation account
Field status definitions of account groups

Explanation

Question 28 of 91

1

How does SAP support impairment posting?

Select one or more of the following:

By using new transaction codes for retirements
By using Segment Reporting
By using worklists
By using special depreciation keys

Explanation

Question 29 of 91

1

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?

Select one or more of the following:

The term of payment entered in the credit memo is ignored during clearing.
The term of payment entered in the credit memo is replaced by the term of payment from the last valid customer invoice.
An error occurs.
The term of payment entered in the credit memo is used during clearing.

Explanation

Question 30 of 91

1

In the Data Entry view, what is the maximum number of line items in a single FI document?

Select one or more of the following:

9999
999
Unlimited
99

Explanation

Question 31 of 91

1

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

Select one or more of the following:

Individually, in the company code segment
By making the change at the start of a new fiscal year
By making sure that the field status of the chart of accounts segment allows this
Centrally, in the chart of accounts segment

Explanation

Question 32 of 91

1

What are the prerequisites for posting a vendor invoice in Financial Accounting? (Choose two)

Select one or more of the following:

You have maintained the currency exchange rates in the system.
You have set up a number range for the vendor invoice document type.
You have created a company code segment in the vendor master.
You have updated the bank details section of the vendor.

Explanation

Question 33 of 91

1

You set up a new account group. Which Customizing settings for vendors can you control directly in this account group? (Choose two) 

Select one or more of the following:

The sensitive fields for dual control 
The One-Time Account checkbox
The fields that are available during posting to vendor accounts
The company codes that can be used for the account group 
The number range of master data accounts

Explanation

Question 34 of 91

1

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?

Select one or more of the following:

Paying company codes for payment transactions
Company code data for the payment methods
Country data for the payment methods 
Bank account determination

Explanation

Question 35 of 91

1

Which factors determine the fiscal year variant you would assign to a company code? (Choose two) 

Select one or more of the following:

The need to control which periods are open for posting for specific user groups 
The existence of a shortened fiscal year
The fiscal year start and end period of the company 
The use of a specific fiscal year variant by other company codes on the client
The need to control which periods are open for posting for the company code

Explanation

Question 36 of 91

1

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? 

Select one or more of the following:

Head office and branch account
Single bank account 
Alternative payer/payee
Cash management group

Explanation

Question 37 of 91

1

What does the posting key control? (Choose three)

Select one or more of the following:

Debit/credit indicator 
Account type 
Number range
Field status (of posting key)
e) Document type

Explanation

Question 38 of 91

1

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? 

Select one or more of the following:

Optional Entry, Hide, Display, Required Entry
Hide, Display, Required Entry, Optional Entry
Required Entry, Optional Entry, Hide, Display
Display, Required Entry, Optional Entry, Hide

Explanation

Question 39 of 91

1

You entered a G/L account posting and received an error message saying that account type D (customer) is not allowed. Which object causes this error? 

Select one of the following:

Currency key
Tolerance group 
Document type 
Field status variant

Explanation

Question 40 of 91

1

Which transactions in the procurement process with valuated goods receipt create documents in FI? (Choose two) 

Select one or more of the following:

Create purchase requisition 
Create purchase order
Post valuated goods receipt
Enter invoice receipt

Explanation

Question 41 of 91

1

Your customer wants to clear minor payment differences for incoming payments automatically. Which objects do you have to use to fulfill this requirement? 

Select one or more of the following:

Tolerance groups for employees and tolerance groups for document types
Tolerance groups for employees and tolerance groups for customers/vendors
Tolerance groups for G/L accounts and tolerance groups for employees 
Tolerance groups for G/L accounts and tolerance groups for customers/vendors

Explanation

Question 42 of 91

1

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

Select one or more of the following:

General data, company code data, and purchasing organization data 
General data and company code data
General data, company code data, and sales area data
General data and sales area data

Explanation

Question 43 of 91

1

Which of the following activities generates an FI document if real-time integration between CO and FI has been set up? (Choose two) 

Select one or more of the following:

A test run for the settlement run of an asset under construction to a G/L account 
A subsequent change of a segment in a CO document
An assessment between cost centers in one company code with different functional areas
An assessment between cost centers that belong to two different company codes 
A distribution between cost centers that reside in two different controlling areas

Explanation

Question 44 of 91

1

71. Which of the following status symbols are used in customer and vendor line item lists? (Choose three) 

Select one or more of the following:

Parked 
Cleared
Overdue 
Open 
Not due

Explanation

Question 45 of 91

1

Which characteristics of account determination can be used to assign realized exchange rate differences to different G/L accounts? (Choose three)

Select one or more of the following:

Chart of accounts 
Reconciliation account
Currency 
Valuation method 
Valuation key

Explanation

Question 46 of 91

1

If a vendor is also a customer, which settings are necessary to clear both roles against each other? (Choose two) 

Select one or more of the following:

The payment program must be set up to allow debit checks for vendors and credit checks for customers.
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. 
The vendor number must be entered in the customer account, or the customer number must be entered in the vendor account.

Explanation

Question 47 of 91

1

Which steps are necessary to run a payment program? (Choose three)

Select one or more of the following:

Schedule print 
Start transfer of open items to the payment program 
c) Configure open item list
Maintain parameters 
Start proposal run or payment run

Explanation

Question 48 of 91

1

Which function can you use to generate inter-company posting documents? (Choose two)

Select one or more of the following:

Intercompany asset transfer 
Central currency valuation 
Central payment
Intercompany dunning

Explanation

Question 49 of 91

1

You receive a payment where the difference from the posted invoice is larger than the stated tolerance limit. How can you deal with this? (Choose two) 

Select one or more of the following:

Split the received payment so that it falls below the tolerance limit.
Increase the tolerance limit manually while posting the document.
Post the difference to an account assigned to a reason code.
Post the difference as a residual item.

Explanation

Question 50 of 91

1

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? 

Select one or more of the following:

Segments, profit centers, cost centers, business areas, functional areas
Profit centers, cost centers, business areas, functional areas, divisions
Business areas, functional areas, segments, profit centers, user IDs 
Cost centers, business areas, functional areas, segments, tax codes

Explanation

Question 51 of 91

1

You want to use external number assignment for specific document types. What is the special feature of external number assignment? 

Select one or more of the following:

The numbers can be alphanumeric. 
The number ranges can be used across all company codes.
The system issues the numbers automatically.
 
The number ranges can overlap.

Explanation

Question 52 of 91

1

Based upon the information provided in the topic Solution Manager, chose the correct answer from the list below

Select one of the following:

Solution manager is installed as a part of each of your existing landscape.
Solution manager is a stand-alone system that communicate with the system in your various landscapes.
Solution manager is only used for the implementation of your solutions.
Solution manager is an add-on industry solution.

Explanation

Question 53 of 91

1

The purpose of SAP Solution Manager is to smoothy integrate various SAP solution to archive which of the following?[Choose the correct answers]

Select one or more of the following:

Faster Implementation
Faster issue resolution
Optimal support for operations
Faster Internet access
Optimal access to support

Explanation

Question 54 of 91

1

Wich common usage scenario is missing from the list of usage scenario below? Implement SAP Solution, monitor SAP Solutions manage service Desk, Link to SAP Service Upgrade SAP Solutions

Select one of the following:

Monitoring Service Desk
Manage Change Requests
Link to Change Request
Implement SAP Services

Explanation

Question 55 of 91

1

Identify the benefits of SAP Solution manager. Choose the Correct answers

Select one or more of the following:

More reliable IT Solutions
More leverage from IT investments
Faster ROI
Reduced cost of implimentation
Reduced ROI
Reduced cost of Operation

Explanation

Question 56 of 91

1

Select the benefits of SAP Solution manager from the list of the below [Choose the correct answers]

Select one or more of the following:

Integration of SAP Solutions
Lower ROI
Faster ROI
Separation of SAP Solution
Reduced cost of operations

Explanation

Question 57 of 91

1

The purpose of ASAP is to successfully implement SAP solution across multiple industries and customer enviroments-[Determine true or false]

Select one of the following:

True
False

Explanation

Question 58 of 91

1

Identify the four main types of roadmaps reviewed [Choose the correct answers]

Select one or more of the following:

Global Template Roadmap
Download Roadmap
Implementation Roadmap
Upgrade Roadmap
Solution Manager Roadmap
Solution Roadmap

Explanation

Question 59 of 91

1

Identify the steps in the ASAP Methodology [Choose the correct answers]

Select one or more of the following:

Roll out
Business Blueprint
Realization
Project Preparation
Go Live & support
Final Preparation

Explanation

Question 60 of 91

1

The following actives are not part of the project management feature of the SAP Solution Manager: Issues Management Plan, Scope Management Plan, organizational Change Management Plan[Determine true or false]

Select one of the following:

True
False

Explanation

Question 61 of 91

1

Identify the three main areas of the implementation Roadmap from the items listed. []Choose the correct answers

Select one or more of the following:

Accelator area
Viewing/ text area
IMG area
Roadmap strcture
Attachments area

Explanation

Question 62 of 91

1

Identify the feature of a business blueprint from the following list [Chose the correct answers]

Select one or more of the following:

Blueprint structure
Blueprint document
Business Scenario
Business Group
Business process group
Associated items

Explanation

Question 63 of 91

1

of the items listed below which are NOT features of configuration? [Chose the Correct answers]

Select one or more of the following:

Project Documentation
Generate Blueprint
Test Case Assignment
Configure IMG Objects
Transport Change Requests

Explanation

Question 64 of 91

1

Identify the feature of the service desk from the items listed below. Choose the correct answers]

Select one or more of the following:

Message handling process
Managing SAP Notes
Customer solution database
Solution Manager diagnostics
SAP Help
Error handing

Explanation

Question 65 of 91

1

Change Request Management provides a central streamlined approach to managing changes in your system landscapes. [Determine true or false]

Select one of the following:

True
False

Explanation

Question 66 of 91

1

Which of the following task types are supported by the Closing Cockpit or Schedule Manager? (Choose three)

Select one or more of the following:

Spreadsheets
Transactions
Reconciliation keys
Notes (as a reminder or milestone)
Programs with or without variant

Explanation

Question 67 of 91

1

To which of the following does an asset class apply?

Select one or more of the following:

To all company codes in a controlling area
To all company codes in an instance (client-independent)
To all company codes in a client
To all company codes within a client, which share the same chart of accounts

Explanation

Question 68 of 91

1

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?

Select one or more of the following:

Depreciation area
Sort key
Sort variant
Valuation area

Explanation

Question 69 of 91

1

What additional options do parking documents offer compared to holding documents? (Choose two)

Select one or more of the following:

A parked document can be posted cross-client to minimize the total cost of ownership (TCO).
A parked document can be posted using a workflow.
A parked document can be changed and posted by another user, thereby supporting the principle of dual control.
A parked document can be posted via automatic speech recognition.

Explanation

Question 70 of 91

1

A customer wants to create a report that is to be run on a monthly basis showing documents within a specific range for a specific company code that have been posted within the current month. How can you create this type of report?

Select one or more of the following:

a) Create a Compact Document Journal report. After running the report, save it to your desktop, where it can be updated every month.
Create a Compact Document Journal report.Enter the values for the document interval and company code.After saving this as a variant, add an appropriate D (Dynamic Date Calculation) variable for the posting date on the Variant Attributes screen.
Create a G/L Account Balances report.Enter the values for the document range and company code.After saving this as a variant, add an appropriate D (Dynamic Date Calculation) variable for the posting date on the Variant Attributes screen.
Create a Compact Document Journal report. Enter the values for the document range and company code. After saving this as a variant, add an appropriate T (Table) variable for the posting date on the Variant Attributes screen.

Explanation

Question 71 of 91

1

Which object do you have to activate to maintain profit centers directly in Asset Accounting with all business functions for New General Ledger Accounting activated?

Select one or more of the following:

Profit Center Reorganization
Segment Reorganization
Profit Center Update Scenario
Segment Reporting

Explanation

Question 72 of 91

1

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?

Select one or more of the following:

Create one FSV and enhance it with different sets of notes.
Create one FSV and then save different variants based on the needs of the various groups.
Create different versions of the same FSV.
Create different FSVs based on the needs of the target group.

Explanation

Question 73 of 91

1

Down payments can be posted using a special G/L transaction. What is the main benefit of this function?

Select one or more of the following:

It automatically creates the final invoice and clears down payments against it.
It automatically clears down payment requests.
It posts down payments to a reconciliation account that is different from that of ordinary payables and receivables.
It shows data in the appendix of the balance sheet.

Explanation

Question 74 of 91

1

24. Which of the following are the main components of a drilldown report?

Select one or more of the following:

Characteristics and key figures
Characteristics and variables
Variables and general selection criteria
Variables and key figures

Explanation

Question 75 of 91

1

You have been asked to showcase the "asset sale with customer" scenario in the next blueprint workshop meeting.
What do you have to consider when posting an asset sale? (Choose two)

Select one or more of the following:

You must specify the asset value date.
You must post the sale against an asset that has an acquisition.
You must use posting key 75 (credit asset) and select the specific asset sale in the account field.
You must calculate and input the profit or loss from the asset sale in a separate line during posting.

Explanation

Question 76 of 91

1

Which of the following objects must you enter when posting an asset acquisition against a vendor? (Choose three)

Select one or more of the following:

Document type
Fixed asset balance sheet account
Special G/L transaction
Asset master record
Transaction type

Explanation

Question 77 of 91

1

Your company uses only book depreciation and you activate the new depreciation engine. The book depreciation key Z010 curently used by an asset should be changed to Z020. The asset depreciation started two years ago, and depreciation for the current year has already been posted for the months of January, February, and March (monthly depreciation run). The change should take effect from April 1st. How can you implement this change? (Choose two)

Select one or more of the following:

Undo the depreciation postings for the asset in the current year. Then call the Depreciation Areas screen in the asset master and change the key from Z010 to Z020.
Call the Depreciation Areas screen in the asset master and assign the key Z020 with validity start date of April 1st.
Call the Depreciation Areas screen in the asset master and change the depreciation key from Z010 to Z020. Also change the ordinary depreciation start date to April 1st.
Create a new asset referencing the asset you want to change. On the Depreciation Areas screen, select depreciation key Z020. Then post an asset transfer from the existing asset to the new asset.

Explanation

Question 78 of 91

1

In which Customizing activity do you decide which special G/L transactions are to be paid automatically via the payment program?

Select one or more of the following:

Set Up Payment Methods per Company Code for Payment Transactions
Set Up Paying Company Codes for Payment Transactions
Set Up All Company Codes for Payment Transactions
Set Up Payment Methods per Country for Payment Transactions

Explanation

Question 79 of 91

1

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)

Select one or more of the following:

There is no settlement profile assigned to the company code.
The AuC has not been released with the status "Technically Complete".
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.

Explanation

Question 80 of 91

1

Which functions are provided by the Reclassify Payables/Receivables closing activity? (Choose two)

Select one or more of the following:

Open item analysis for liquidity forecast
Regrouping and sorting of payables and receivables
Credit check and rating of open items
Adjustment postings for changed reconciliation accounts

Explanation

Question 81 of 91

1

How do you implement parallel accounting in Asset Accounting?

Select one or more of the following:

By using two asset classes 
By using an extra chart of accounts 
By using two depreciation areas
By using two different charts of depreciation

Explanation

Question 82 of 91

1

What are the call-up points for validations in FI? 

Select one or more of the following:

Document header, line item, and complete document 
Basic data section, line item, and complete document 
Basic data section, detailed data section, and line item 
Document header, document type, and complete document

Explanation

Question 83 of 91

1

Your customer runs an SAP system with New General Ledger Accounting activated. They want to run a valuation of accounts receivable that are posted in foreign currency. What do you have to do? 

Select one or more of the following:

Set up a new exchange rate type and assign it to a valuation method.
Assign a valuation method to all customer master records that you want to valuate.
Set up a valuation method and assign it to a valuation area. 
Set up the Valuation Cockpit to perform this task.

Explanation

Question 84 of 91

1

Which interactive function is provided by the SAP List Viewer?

Select one or more of the following:

Creation of subtotals for specific values
Creation of worklists 
Use of the report-report interface 
l
Mass reversa

Explanation

Question 85 of 91

1

Special G/L transactions can be divided into which types? (Choose three)

Select one or more of the following:

Document parking 
Interest 
Free offsetting entry
Automatic offsetting entry
 
Noted item

Explanation

Question 86 of 91

1

On which level do you define depreciation keys?

Select one or more of the following:

Company code 
Chart of accounts 
Asset class
Chart of depreciation

Explanation

Question 87 of 91

1

What does the year-end closing program do in Asset Accounting? (Choose two)

Select one or more of the following:

It opens new annual value fields for each asset. 
It checks whether depreciation and assets are fully posted. 
It checks whether the previous year has been closed in Financial Accounting.
It checks whether assets contain errors or are incomplete.

Explanation

Question 88 of 91

1

Which activity has an impact on the net book value of an asset?

Select one or more of the following:

Changing the account determination 
Changing the useful life of the asset 
Changing the assigned cost center
Changing the assigned WBS element

Explanation

Question 89 of 91

1

What options do you have for posting an asset acquisition? (Choose three)

Select one or more of the following:

Asset acquisition integrated with accounts payable
Asset acquisition using a clearing account 
Asset acquisition posted via the payment program
Asset acquisition posted via the accrual engine
Asset acquisition posted from Materials Management

Explanation

Question 90 of 91

1

A multinational enterprise acquires a company in a country which has local reporting requirements. The multinational enterprise wants to use one operational chart of account for all companies. How can you fulfill this country-specific requirement?

Select one or more of the following:

Create a country-specific chart of accounts and assign it to the group chart of accounts.
Create a group chart of accounts and assign it to the company code. 
Create a country-specific chart of accounts and assign it to the regular chart of accounts.
Create a country-specific chart of accounts and assign it to the company code.

Explanation

Question 91 of 91

1

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

Select one or more of the following:

It enables the use of a task list covering all closing activities. 
It optimizes legacy data transfer.
It closes the posting period automatically on the last day of the period. 
It provides complete documentation of the activities performed during period-end closing.

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Financial Accounting Certification SAP

Financial Accounting Certification SAP

Question 1 of 91

Which of the following accounts are updated directly?

Select one of the following:

Explanation

Question 2 of 91

In your leading ledger (ledger solution), balance sheets must be created for company codes and segments. Which Customizing settings do you need to make? (Choose two)

Select one or more of the following:

Explanation

Question 3 of 91

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

Select one or more of the following:

Explanation

Question 4 of 91

You post a G/L document. For the Text field, the field status of the posting key is set to Required Entry and the field status of the G/L account is set to Hidden Entry? What happens during posting?

Select one or more of the following:

Explanation

Question 5 of 91

Select one or more of the following:

Explanation

Question 6 of 91

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?

Select one or more of the following:

Explanation

Question 7 of 91

Which line item field is filled automatically by the sort key field of a master record (G/L account, customer, or vendor)?

Select one or more of the following:

Explanation

Question 8 of 91

Select one or more of the following:

Explanation

Question 9 of 91

Your customer has two company codes in the same client. Each company code has a different operational chart of accounts. The customer has a country-specific chart of accounts for each company code.How does this influence how you create customer master records?

Select one or more of the following:

Explanation

Question 10 of 91

What do you define when you configure a dunning procedure?

Select one or more of the following:

Explanation

Question 11 of 91

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

Select one or more of the following:

Explanation

Question 12 of 91

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

Select one or more of the following:

Explanation

Question 13 of 91

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

Select one or more of the following:

Explanation

Question 14 of 91

Your customer's Accounting department informs you that the company issues checks. They need to easily differentiate payments made by check.How can you facilitate this requirement?

Select one or more of the following:

Explanation

Question 15 of 91

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?

Select one or more of the following:

Explanation

Question 16 of 91

At which level is the vendor account number (master record) assigned?

Select one or more of the following:

Explanation

Question 17 of 91

A customer wants to use segment reporting on balance sheet and P/L accounts. Which business function do you recommend?

Select one of the following:

Explanation

Question 18 of 91

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?

Select one of the following:

Explanation

Question 19 of 91

A company uses different terms of payment. What can you define for these terms of payment? (Choose three)

Select one or more of the following:

Explanation

Question 20 of 91

What are the advantages of the Payment Medium Workbench (PMW)? (Choose three)

Select one or more of the following:

A company uses different terms of payment. What can you define for these terms of payment? (Choose three)

A customer requires a balance sheet per segment but does not require a balance sheet per profit center. You discuss the features of segments and profit centers with him. Which features can you highlight? (Choose three)

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)?

You want to update the Search Term2 field in your customer master data, but the field does not appear in the maintenance transaction. Which field status definitions do you have to check and, if necessary, change in Customizing? (Choose two)

You set up a new account group. Which Customizing settings for vendors can you control directly in this account group? (Choose two) 

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?

Which factors determine the fiscal year variant you would assign to a company code? (Choose two) 

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? 