12. SAP FI CERTIFICATE PRACTICE Q AND A

0
198

QUESTION 251
Tax codes are created at company code level

A. False
B. True

Show Answer


QUESTION 252
Residual payment creates another entry keeping all entries open

A. True
B. False
Show Answer

QUESTION 253
Chart of accounts view of G/L account keeps the data like general data in customer account common data

A. False
B. True

Show Answer


QUESTION 254
Reversal of voided checks is a standard functionality of SAP

A. True
B. False

Show Answer


QUESTION 255
In AP and AR, account group cannot be created with external number range

A. True
B. False

Show Answer


QUESTION 256
document date, posting date, value date, base line date, system date and due date in the entry screen of customer/vendor invoice are the same

A. True
B. False

Show Answer


QUESTION 257
Payment to vendor of a specific bill cannot be blocked in SAP

A. False
B. True

Show Answer


QUESTION 258
Payment cannot be made by adjusting a special G/L transaction which is posted in G/L

A. False
B. True

Show Answer

QUESTION 259
MIS reports based on financial books like ratios can be done through financial statement version

A. False
B. True

Show Answer


QUESTION 260
Through bank statement entry, we can enter the entries like bank debits for bank charges, commission, etc. which will make a direct posting into the G/L

A. True
B. False

Show Answer


QUESTION 261
Jurisdiction codes are not used at all while creating tax codes

A. False
B. True

Show Answer


QUESTION 262
Whenever an Fl entry is made, we want document header text to be a mandatory entry. Customizing is available in G/L master and field status groups

A. True
B. False

Show Answer


QUESTION 263
Bank statement entry into the SAP does the automatic clearing

A. False
B. True

Show Answer


QUESTION 264
It is not possible to void unused checks

A. False
B. True

Show Answer


QUESTION 265
SAP does not allow bill of exchange accounting

A. False
B. True

Show Answer


QUESTION 266
Tax codes are created and operated at country level

A. True
B. False

Show Answer


QUESTION 267
Payment to anybody by passing a G/L entry without AP/AR is a standard functionality of SAP

A. False
B. True
Show Answer

QUESTION 268
It is not possible to show the checks with a value range and issued by a user

A. False
B. True

Show Answer


QUESTION 269
Many assets are affected by a change, therefore, you cannot carry out a mass change

A. false
B. true

Show Answer


QUESTION 270
The mass change process includes three functions: one or more is correct

A. Releasing the work list (= execution of the mass change).
B. Checking the work list and making any corrections.
C. Selecting the assets, and generating the appropriate work list

Show Answer


QUESTION 271
Choose the correct answer:

A. If the asset arrived after the invoice was received, integrated postings are made.
B. The asset has already been delivered but the invoice has not, its a reason for not making integrated postings
Show Answer

QUESTION 272
Specify the correct answers:

A. You can recalculate depreciation functions on the value fields tab page.
B. In the Asset Explorer, dunning areas are displayed in an overview tree, form which they can be selected.
C. In a print preview format, you can not display planned values, book values and transactions directly in the Asset Explorer
D. none of the above
E. You cannot jump from field above the tree to the asset master data.

Show Answer


QUESTION 273
When you capitalise AUC you transfer values to one or more completed assets. This transfer is either done in a lump sum or with line item settlement

A. false
B. true

Show Answer


QUESTION 274
Keep in mind this statement: User can define own history sheet versions: one or more is correct

A. Size: Upto 8 rows/10 columns (10 rows/8 columns).
B. Define how the values are supplied to the history sheet items.
C. Store the top of the history sheet items.

Show Answer


QUESTION 275
The system treats the calculation of imputed interest as a depreciation type, since it is also controlled by depreciation keys and calculation methods, similar to the calculation of depreciation.

A. false
B. true
Show Answer

QUESTION 276
In Asset and Equipment Master Records: one or more is correct

A. The equipment master record, however, is not actually created until you save.
B. You can also set up the system so that equipment master records are automatically updated when you make certain changes to the asset master records linked to them.
C. When you create an asset master record, the system automatically enters an equipment master record number in the asset master record, and copies the values of certain master data fields (for example, company code, cost center).

Show Answer


QUESTION 277
Through test run, you can check for any possible errors such as locked cost centers

A. true
B. false

Show Answer


QUESTION 278
Specify the correct answer:

A. You cannot manage assets under construction in the system as individual master records.
B. You can use collective management of several assets under construction on one master record

Show Answer


QUESTION 279
When capitalizing AUC, system automatically separates transactions from previous years from transactions from the current year. This is done by using different transaction types

A. false
B. true

Show Answer


QUESTION 280
Asset history sheet is the most important and most comprehensive year end report or intermediate report

A. false
B. true
Show Answer


QUESTION 281
The advantages of SAP List Viewer are: one or more is correct

A. Filter.
B. Formatting columns by double-clicking or dragging with the mouse
C. Enables summaries and subtotals.
D. Sorting.
E. Saving client and user-dependent settings.
Show Answer

QUESTION 282
You can distribute to the proper assets when the asset under construction is completed by using either:

A. Line item settlement.
B. Simple transfer to cost objects.

Show Answer


QUESTION 283
If the substitution step prerequisite is true at runtime (using field-field assignment), the system substitutes the contents of the field with the contents of the source field.

A. false
B. true

Show Answer


QUESTION 284
You can not specify how many tabs you want to have and which field groups you want to be displayed on the given tab pages

A. false
B. true
Show Answer

QUESTION 285
Rule permits complex logic to be summarized; it cannot be re-used

A. true
B. false

Show Answer


QUESTION 286
The number of possible transaction type groups, as well as the characteristics of the individual groups, is specified in the system and can (not) be changed.

A. true
B. false

Show Answer


QUESTION 287
Depreciation calculation is based on the control parameters explained below, as well as on the planned useful life of the asset that is entered in the asset master record:

A. The calculation method is particularly important for defining the depreciation calculation method.
B. The depreciation key containing all control data for the calculation of planned annual depreciation.
C. The most important part of the depreciation key is the calculation method for the calculation of same types of automatically calculated depreciation.
D. You cannot enter a depreciation key in each depreciation area in the asset master record.

Show Answer


QUESTION 288
If you do not want the numbers defined as year-dependent, then enter a future year under year (such as 9999)

A. false
B. true
Show Answer

QUESTION 289
You can enter the accounts that are to be posted in the account determination in each depreciation area

A. false
B. true

Show Answer


QUESTION 290
The default rule can be defined in a customer-specific program exit

A. false
B. true

Show Answer


QUESTION 291
Select the correct answers: One or more is correct

A. The system uses depreciation area 01 to calculate ordinary depreciation. The depreciation is then posted to G/L accounts
B. The numeric keys represent depreciation terms that cannot be entered in the asset master record or in the asset classes.
C. You have to assign each company code, in which assets are managed, to exactly one chart of depreciation.

Show Answer


QUESTION 292
ALVs user-friendly characteristics support the dynamic creation of layouts

A. true
B. false

Show Answer


QUESTION 293
Choose the correct answer: one or more is correct
A. If you specify the sub-number as maintenance level, you cannot maintain the field group on the main and sub-number level.
B. If you specify the maintenance level as main number, the field group from the main number is proposed as a default value during maintenance of sub numbers.
C. If you specify the asset class as the only maintenance level for a field group, you cannot maintain the fields on main or sub-number level Instead these fields are for display only at those levels.
Show Answer

QUESTION 294
Consider the following when creating asset classes: One or more is correct

A. The asset class is a selection criteria in all standard reports in Asset Accounting.
B. The assignment of asset numbers can be controlled by the asset class.
C. The screen layout, tab layout and the field characteristics (required/optional/suppressed) of the asset master record can be set for the asset class.
D. The asset class provides default values to all asset master records in the class. In this way, the asset class functions as a sample master record, and makes it possible to create new asset master records simply and without errors.

Show Answer


QUESTION 295
The number of the G/L account to be charged can be automatically suggested by the system provided that automatic account determination has been defined for company code.

A. false
B. true

Show Answer


QUESTION 296
An external asset acquisition is a business transaction resulting from the acquisition of an asset from a business partner (in contrast to an acquisition from in-house production). You can post the acquisition of a purchased asset in several different ways, using different components of the R/3 System. Keeping in mind the above statement choose the correct answer:

A. The system proposes defaults for the posting data and you cannot (can) overwrite them.
B. In Asset Accounting (FI-AA) in integration with Accounts Payable (FI-AP), and with (without) reference to a purchase order.
C. In Asset Accounting, without reference to a purchase order, without integration with Accounts Payable (posting to a clearing account- with or without clearing).

Show Answer


QUESTION 297
You can define whether interest should be calculated for the cost-accounting depreciation area, and whether depreciation should continue below zero

A. true
B. false

Show Answer


QUESTION 298
Line item settlement (AuC) is carried out by using distribution rules

A. false
B. true

Show Answer


QUESTION 299
It is possible for the planned depreciation to be displayed through assigning depreciation terms and a planned start-up date to the order or project

A. false
B. true

Show Answer


QUESTION 300
The system determines the planned annual depreciation and planned interest based on the asset value date, which determined the depreciation start date, and the depreciation terms.

A. true
B. false

Show Answer

LEAVE A REPLY

Please enter your comment!
Please enter your name here