13. SAP FI CERTIFICATE PRACTICE Q AND A

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QUESTION 301
Consider the following in case of number range intervals: One or more is correct
A. The number ranges can be defined at company code level.
B. The number assignment is uniform for the asset class by specifying the number range for an asset class in the asset class.
C. You can choose between external and internal number assignment by specifying a correspondingly defined number range.
D. Alphanumeric intervals can only be assigned externally.
E. You may choose small intervals, since an extension is possible if the extension already belongs to another interval.
F. In Customizing for the asset class, specify the number range per company code, and specify whether assignment from the number range should be carried out externally or internally.
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QUESTION 302
In validation procedure, if the prerequisite statement is satisfied, a check is performed and if the result of the check is TRUE, the system posts a message.

A. false
B. true

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QUESTION 303
Answers each of the following: One or more is correct

A. You cannot define an unlimited number of asset classes in the system.
B. The asset class catalog is relevant in all company codes in a client. The preceding is also true when the company codes have different charts of depreciation and therefore different depreciation areas.
C. Asset classes apply in all company codes.

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QUESTION 304
Specify the correct answers: one or more is correct

A. You should specify index figures for the index series, for each fiscal year
B. Only year-independent index classes are used.
C. The index series must be assigned to an index class.

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QUESTION 305
If you want to perform acquisitions, retirements and transfers, it will be identified through transaction types which are used with every posting

A. true
B. false

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QUESTION 306
The system supports which direct types of dep

A. ordinary dep
B. unplanned dep
C. special dep

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QUESTION 307
Those depreciation areas for which financial statements are to be created are maintained through SAP Easy Access for Asset Accounting where you enter the financial statement versions.

A. true
B. false

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QUESTION 308
The system automatically enters the vendor in the origin data field of the asset master record, when you post the acquisition integrated with accounts payable.

A. false
B. true

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QUESTION 309
You can use the Schedule Manager to manage the following periodic processing in Asset Accounting: One or more is correct
A. Automatic posting of asset transactions from a depreciation area to the General Ledger.
B. Posting depreciation.

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QUESTION 310
You must to settle all line items at once, but you do not have to distribute 100 percent of each line item

A. false
B. true

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QUESTION 311
Time-dependent changes cannot be defined by creating new intervals

A. false
B. true

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QUESTION 312
AuC are a special form of tangible assets. They are usually displayed as a separate balance sheet item and therefore need a separate account determination in their asset classes.

A. false
B. true

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QUESTION 313
Several company codes can use the same chart of accounts, although they have different charts of depreciation

A. true
B. false

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QUESTION 314
A rule is nothing more than a prerequisite or check of a validation

A. false
B. true

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QUESTION 315
You can only process a fiscal year change in a subsequent year if the previous year is still open for posting

A. false
B. true

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QUESTION 316
Choose the correct answer:

A. Substitution consists of several steps (upto 9999 are possible), each two parts; Prerequisite & Replacement
B. If the prerequisite is satisfied (TRUE), substitution is performed.

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QUESTION 317
The system stores all the values and transaction data per asset master record

A. true
B. false

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QUESTION 318
You can manage AUC under construction phase in FI-AA in which of the following ways

A. as a normal asset master record (for summary settlement)
B. as a normal asset master record with line item management

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QUESTION 319
If you want several company codes to use the same number assignment (cross-company code), you can maintain the number range in one company code, and assign the other company codes to this company code for number assignment.

A. false
B. true

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QUESTION 320
You can generate manual depreciation amounts for all depreciation types, but it is more common to manually generate unplanned depreciation and the transfer of reserves.

A. true
B. false

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QUESTION 321
One of the most important functions of the asset class is to establish the connection between the asset master records and the corresponding accounts in the general ledger in Financial Accounting.

A. true
B. false

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QUESTION 322
The SAP System posts the depreciation and interest based on the chart of depreciation defined in the asset class

A. false
B. true

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QUESTION 323
The following measure are required to execute substitution/validation: one or more is correct

A. You must assign your validation/substitution to an appropriate organizational unit
B. You must decide for which area of application validation/substitution should apply.
C. The correct call-up point for the validation/substitution must be selected.

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QUESTION 324
Using intra-company asset transfer, you transfer a fixed asset, or an asset component, to a different asset master record. The target asset has to be in the same company code as the sending asset. Intra-company transfer may be necessary for one of the following reasons:

A. You cannot settle an asset under construction and transfer it to a finished asset.
B. You split up an asset or move part of an asset (transfer from asset to asset).
C. An asset was created in the wrong asset class. You can change the asset class in the asset master data or you can transfer the asset to a new master record.

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QUESTION 325
The period logic of the depreciation calculation creates a new period interval (segment) for a mid- year changes to them

A. false
B. true

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QUESTION 326
The following Cost Accounting objects can be assigned to an asset: One or more is correct

A. Created valid cost centers.
B. Valid activity type.
C. Valid cost elements.

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QUESTION 327
An asset class consists of the following main sections: One or more is correct

A. A valuation section with control parameters for valuation and default area (depreciation terms).
B. A master data section with default values for the administrative data in the asset master record
C. A header with the control parameters for master data maintenance and account determination.

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QUESTION 328
The ways of posting retirements are: one or more is correct

A. With or without revenue.
B. As mass retirement.
C. As full or partial retirement.
D. With or without vendor.
E. As retirement of several assets.

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QUESTION 329
When you post with account assignment to an asset, the system determines the G/L account that is posted, based on the following things; One or more is correct

A. The chart of accounts valid in the company code.
B. The transaction type. [The transaction type identifies the type of business transaction. Using the transaction type, the system posts the transaction to the appropriate accounts of the given account determination].
C. The default area that is to be posted.
D. The account allocation key.
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QUESTION 330
The following parameters can be changed on a time-dependent basis: one or more is correct

A. Absolute scrap value.
B. Variable depreciation amount.
C. Percentage scrap value.
D. Depreciation key

E. None of the above.
F. Useful life.
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QUESTION 331
You need only one account determination key to post asset values of all classes to different accounts in the different charts of accounts

A. false
B. true

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QUESTION 332
Unplanned depreciation: select correct statement(s)

A. you can plan manual dep for individual assets in Fl-AA
B. CU after you nave manually planned dep. system doesn’t create an Fl document immediately. This document is not generated until depreciation posting program is run
C. when you enter transaction type, system recognizes that you want to perform manual dep

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QUESTION 333
Choose the correct answer: one or more is correct

A. You cannot define the result of non-compliance with the substitution rule.
B. You can also force the user to correct the error before processing can continue
C. You can not define (define) validation rules using Boolean Logic.

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QUESTION 334
The area menus can be displayed but not changed in area menu maintenance

A. false
B. true
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QUESTION 335
If you choose Individual management of low value assets, you have to enter a base unit of quantity in the asset class

A. False
B. true
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QUESTION 336
By the period control method of the depreciation key, the asset value date is determined for each depreciation area.

A. false
B. true

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QUESTION 337
By using screen layout control you can specify the field attributes in the asset master record and the maintenance level of the fields

A. true
B. false

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QUESTION 338
The maintenance levels in me system are: One or more is correct

A. Sub-number
B. Main number.
C. Asset class.

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QUESTION 339
[Bank-Master Data] Bank master data records can also be manually: One or more is correct

A. On the general data section of customer & vendor masters.
B. At one-time(account) document entry.
C. In the account ID.
D. When defining house bank.

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QUESTION 340
Day limit is used to store several versions of terms of payment under the same terms of payment key

A. true
B. false

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QUESTION 341
What is the difference between a partial payment and a residual payment?

A. The partial payment leaves the invoice as an open line item and posts a new line item for the residual payment amount. The residual payment clears the invoice and incoming payment and creates a new line item for the incoming payment.
B. The partial payment leaves the invoice as an open line item and creates a new line item for the incoming payment. The residual payment clears the invoice and incoming payment and post a new line item for the residual payment amount.
C. The partial payment clears the invoice and incoming payment and creates a new line item for the incoming payment. The residual payment leaves the invoice as an open line item and posts a new line item for the residual payment amount.

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QUESTION 342
[FI-AM] The country-specific chart of depreciation, delivered by SAP, contains a catalog of depreciation areas that cannot be changed

A. true
B. false

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QUESTION 343
[FI-GL] Data relevant to MM functionality is stored in which segment of the vendor master record?

A. Account group.
B. Client.
C. Purchasing.
D. Company code.

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QUESTION 344
What gives an overview of planned processes carried out periodically in the system?

A. Dunning runs.
B. Financial calendar.
C. Interest calculation
D. Payment runs.

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QUESTION 345
What fields of Fl document header can be changed after a document has been posted

A. header text
B. posting date
C. text fields
D. reference no.
E. fiscal year

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QUESTION 346
[Fl-Postings] Define posting keys? One or more is correct.

A. The posting key also specifies the specific account type for a line item.
B. Determines whether the vendor account is one-time.
C. Identifies which of the account types will be permitted on a particular document
D. Helps control the field status of a line item.

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QUESTION 347
[FI-GL] The payment terms are used to define: One or more is correct

A. Baseline date for due date calculation.
B. Cash discount percentage rates.
C. The house bank
D. Cash discount periods.

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QUESTION 348
A tax code may have several tax rates entered for different tax types

A. false
B. true

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QUESTION 349
FI-GL-Organizational Structure] A Business Area is:

A. The organization entity for which balance sheets as well as profit & loss statement can be executed across company codes covering a companys main areas of operation.
B. Identifies an independent organizational structure within a company, which includes all functions for internal cost and revenue accounting.
C. The smallest organization unit for which a complete self-contained set of books can be executed.
D. The legal unit of consolidation to which company codes are assigned.

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QUESTION 350
[FI-AM] Mark the correct statements: One or more is correct.

A. An asset uses balance reconciliation account.
B. An asset must use more than one reconciliation account
C. An asset use only one reconciliation account.
D. An asset uses profit/loss reconciliation.
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