501. A chart of accounts must be assigned to every company code for which accounts are to be set up.
Determine whether this statement is true or false.
A. True
B. False
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502. Which of the following information is entered in the chart of accounts segment of a G/L account?
Choose correct Answers.
A. Account Number
B. Control Field
C. Consolidation Field
D. Currency field
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503. To use an account from the assigned chart of accounts in your company code. You must create a company code segment for the account.
Determine whether this statement is true or False
A. True
B. False
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504. In a balance sheet account, the balance is carried forward to a retained earnings account and the balance sheet account is set to zero.
Determine whether this statement is true of false.
A. True
B. False
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505. Name the Segment that are parts of a G/L account.
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506. Which field status has the lowest priority?
Choose correct answer:
A. Required entry
B. Hide
C. Optional Entry
D. Display
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507. All postings to the sub-ledger accounts are automatically posted to the assigned reconciliation accounts.
Determine whether this statement is true or false.
A. True
B. False
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508. When you create a G/L account, the SAP ERP system uses the company code local currency as the default account currency.
Determine whether this statement is true or false.
A. True
B. False
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509. Which of the following options can you use to change the G/L account master data using collective processing?
Choose the correct answers.
A. Change chart of accounts data.
B. Change company code data.
C. Change client level data.
D. Change account Descriptions
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510. Different accounts of one operational chart of accounts can refer to the same group account.
Determine whether this statement is true or false.
A. True
B. False
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511. The country chart of accounts number (alternative account number) is entered in every chart of account segment.
A. True
B. False
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512. You can save a segment in the master data of a profit center.
Determine whether this statement is true or false.
A. True
B. False
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513. In many business cases, particularly in logistics, you have to enter the segment manually.
Determine whether this statement is true or false.
A. True
B. False
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514. The profit center is the best object from which segments can be uniformly derived.
Determine whether this statement is true or false.
A. True
B. False
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515. Segment have a time reference.
Determine whether this statement is true or false.
A. True
B. False
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516. Segment are assigned to a hierarchy.
Determine whether this statement is true or false.
A. True
B. False.
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517. It is possible to assign the same segment to multiple profit centers.
Determine whether this statement is true or False.
A. True
B. False
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518. Which of the following segments contains the general data of a customer or vendor that can be accessed throughout the organization?
Choose the correct answer.
A. Organization level
B. Client Level
C. Company Code level
D. Account Level
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519. In Financial Accounting. After the customer or vendor account is created. You can no longer change the account group.
Determine whether this statement is true or false.
A. True
B. False
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520. A one-time account master record contains information about a specific customer or vendor.
Determine whether this statement is true or false.
A. True
B. False
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521. Customer and vendor account can use the same number ranges.
Determine whether this statement is true or false.
A. True
B. False
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522. The field status in individual area, such as account group, activity, and company code, complete with each other and the field status with the highest priority is used.
Determine whether this statement is true or false.
A. True
B. False
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523. An example of an open item is an incomplete business transaction, such as an invoice that has not been paid.
Determine whether this statement is true or false.
A. True
B. False
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524. A clearing transaction always creates a clearing document.
Determine whether this statement is true or false.
A. True
B. False
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525. The clearing transaction can be performed manually or automatically using the clearing program.
Determine whether this statement is true or false.
A. True
B. False
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526. It is possible to archive documents that have open items.
Determine whether this statement is true or false.
A. True
B. False
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527. Cleared items contain which of the following piece of information?
A. Clearing document number
B. Due date
C. Clearing date
D. Archival information
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528. With the automatic clearing program, a user can clear open items for which of the following items?
Choose the correct answers
A. General Ledger
B. Currency
C. Special general ledger indicator
D. Sub-ledger accounts
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529. When you perform a manual payment process, the cash discount amount is overwritten.
Determine whether this statement is true or false.
A. True
B. False
Show Answer
530. The assignment field can be a combination of up to six fields with a maximum of 10 characters.
Determine whether this statement is true or false.
A. True
B. False
Show Answer
531. When you reset clearing, the SAP ERP application removes the clearing data from the line items.
Determine whether this statement is true or false
A. True
B. False
Show Answer
532. Identify the Three type of tolerance in Accounting.
Choose the correct answers.
A. Employees tolerance group
B. G/L account tolerance groups
C. Customer or vendor tolerance groups
D. Special account tolerance group
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533. If the payment difference is too high to be immaterial, you must manually process it.
Determine Whether this statement is true or False.
A. True
B. False
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534. You must assign a revenue or expense account to all reconciliation accounts and all general ledger accounts with open item transactions in foreign currency.
Determine whether this statement is true or false.
A. True
B. False
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535. During balance confirmation, an output check and an error list are generated for each client.
Determine whether this statement is true or false.
A. False
B. True
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536. You must specify at least two addresses to which balance confirmations are to be sent.
Determine whether this statement is true or false.
A. True
B. False
Show Answer
537. Which of the following procedures are available to check the balances of receivables and payables in balance confirmations?
Choose the correct answers
A. Balance confirmation
B. Balance notification
C. Balance adjustment
D. Balance request
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538. You carry out foreign currency valuation after creating financial adjustments.
Determine whether this statement is true or false.
A. True
B. False
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539. In a valuation method, which of the following is not a valuation approach for foreign currency valuation?
A. Lowest Price Principle
B. Strict lowest value principle
C. Revalue only
D. High rate of interest principle
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540. The valuation method contains the valuation approach to be used for carrying out a foreign currency valuation.
Determine whether this statement is true or false.
A. True
B. False
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541. With enhancement package 6 of SAP ERP, you do not have to assign an accounting principle to an FI valuation area to post foreign currency valuations to different ledgers (General Ledger Accounting (new)).
Determine whether this statement is true or false.
A. True
B. False
Show Answer
542. How many intervals are defined for the foreign currency valuation run ID per client?
Choose the correct answer.
A. 0
B. 1
C. 2
D. 3
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543. The system posts the realized exchange differences in foreign currency during open item clearing.
Determine whether this statement is true or false.
A. True
B. False
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544. After you have executed an update run of FAGL_FCV in a client, the new program is used automatically in the future, no matter how you start the valuation.
Determine whether this statement is true or false.
A. True
B. False
Show Answer
545. Which currency valuation program is replaced by FAGL_FCV?
Choose correct answer.
A. SAPF130K
B. FAGL_FC_VALUATION
C. SAPF100
D. FAGL_VALUATION
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546. Doubtful receivables are individual value adjustments during year end closing.
Determine whether this statement is true or false.
A. True
B. False
Show Answer
547. You are no able to perform automatic flat-rate individual value adjustments for overdue receivables with enhancement package6
Determine whether this statement is true or false.
A. True
B. False
Show Answer
548. Before creating financial statements, you have to group your receivables and payables according to their remaining life so that they are correctly displayed in the financial statements.
Determine whether this statement is true or false.
A. True
B. False
Show Answer
549. When regrouping payables, if General Ledger Accounting (new) is activate, you can use the old or the New FAGL_CL_REGROUP program.
Determine whether this statement is true or false.
A. True
B. False
Show Answer
550. Which two reports should you use to create correspondence to and from customers and vendors to enable you to verify the balance of receivable and payables?
A. SAPF130K
B. SAPF130L
C. SAPF130D
D. SAPF130E
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551. You cannot change the reconciliation account in the customer or vendor master record during a fiscal year.
Determine whether this statement is true or false.
A. True
B. False
Show Answer
552. Which program is used to enter accruals and deferrals regularly?
A. Compact document journal
B. Devising Program
C. Recurring Entry Program
D. Ledger Grouping
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553. When you enter a manual (transaction FBS1) accrual or deferral document. You have to enter a reversal reason, the reversal date, and the username.
Determine whether this statement is true or false.
A. True
B. False
Show Answer
554. In deferral documents, expenses and revenues are posted in the current period but belong at least partially in a future period.
Determine whether this statement is true or false.
A. True
B. False
Show Answer
555. Identify the steps performed during the general ledger closing operations for the fiscal year.
Choose correct answers
A. Foreign Currency document are valuated.
B. Accruals are carried out
C. The balance carry forward program is run.
D. Vendor Invoices are posted
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556. The balance of the Profit & Loss account is posted to the P&L carry-forward account.
Determine whether this statement is true or false.
A. True
B. False
Show Answer
557. Period Interval 3 can only be maintenad for account type S.
Determine whether this statement is true or false.
A. True
B. False
Show Answer
558. The system usage the posting date that you specify during document entry to determine to which posting period the document is posted.
Determine whether this statement is true or false.
A. True
B. False
Show Answer
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