8. SAP FI CERTIFCATION PRACTICE Q AND A

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QUESTION 101
True or false?
Please choose the correct answers (3)

A. You can void a check without reversing the payment document.
B. You can void a check and reverse the payment document at the same time.
C. You can void a check and reverse the payment document and the vendor invoice all at the same time.
D. You have to maintain customer bank details manually in the master record to ensure that as many incoming payments are assigned as possible.
E. You can define as many financial statement versions as you need to prepare reports according to various criteria, for example, for tax authorities, for other external users and for internal purposes.
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QUESTION 102
Consider the following statements:
Which of the statements are false (Note: we can have more than one correct sentence. Please select the sentences you think they are correct)? (2)

A. Balance confirmations are done at the beginning of the fiscal year.
B. You carry out the foreign currency valuation after you have created the financial statements.
C. You can use SAPF100 report to regroup and sort the receivables and payables.
D. You enter individual value adjustments (IVA) as a special G/L transaction E.
E. You can use the SAPF107 program (“Additional valuations”) to carry out a flat-rate individual value adjustment.
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QUESTION 103
Consider the following statements:

1) The profit and loss statement can be created using two types of accounting: <1> and <2> .
2) In <1> the total output of a period and the total costs of this period are summarized
3) In <2> the sales revenue for a period and the sales costs of the period are summarized
4) You can derive the <3> via a substitution rule, if it cannot be entered in the master data.

Please choose the option that substitutes <1>, <2> and <3>, respectively:

A. cost of sales accounting, functional area, period accounting
B. functional area, period accounting, cost of sales accounting
C. period accounting, cost of sales accounting, functional area
D. functional area, cost of sales accounting, period accounting
E. period accounting, functional area, cost of sales accounting
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QUESTION 104
What is the intention when we create accruals (Please choose the correct option)? (1)

A. It means the expense/revenue were posted to the current period on receipt/issue of an invoice, but economically they belong, at least partially, in a future period.
B. It means the expense/revenue belong in the current period and are only posted to a subsequent period once an invoice has been received or issued.
C. It means the payment won’t never occur.
D. It means it is a special G/L transaction.
E. It means it is a normal Fl Document (document type SA).
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QUESTION 105
Consider the following sentences:
Which of the sentences is false (Please choose the correct option)?

A. The Accrual Engine is a generic tool for calculating and creating accrual postings.
B. One of the disadvantages of being using the Accrual Engine is that you can make periodic accruals postings automatically as performance optimized mass data processing using an accrual run.
C. You have to create deferrals when an expense or revenue is posted in the current period, but is incurred or earned partly or completely in the future.
D. The purpose of the account determination in the Accrual Engine is: determine the document type, the debit account and the credut account.
E. One of the benefits provided by the Schedule Manager is the closing process is more transparent and easier to handle.
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QUESTION 106
Consider the following statements:
1) It is the highest reporting level for profitability and sales and marketing controlling, and the central organizational unit in Profitability Analysis (CO-PA) used to segment and structure the market.
2) It is used to break an organization down according to production, procurement and other considerations.
3) It represents a particular level of operations and managerial area and you can generate balance sheets and profit and loss statements on the basis of it.
What are they related to:

A. Controlling Area, Company Code and Business Area, respectively.
B. Profitability Analysis Code, Company Code and Plant, respectively.
C. Operating Concern, Company Code and Plant, respectively.
D. Controlling Area, Plant and Business Area, respectively.
E. Operating Concern, Plant and Business Area, respectively.
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QUESTION 107
Consider the following statements:
Which of the following options is correct? (2)

A. Controlling areas are organizational units within a company where cost accounting is performed.
B. A controlling area cannot contain more than one company code.
C. The company codes assigned to a controlling area must all use the same operational chart of accounts
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QUESTION 108
Consider the following statements:
1) The controlling area currency must be the same as the company code currency.
2) The fiscal year variants of a controlling area and company code can have different numbers of special periods. They must, however, have the same number of posting periods.
3) The controlling area and company codes may have different currencies.
4) The currency in which a document is posted to CO is the transaction currency.
Which of the following options applies to when the CONTROLLING AREA IS THE SAME AS THE COMPANY CODE and when IT IS CROSS-COMPANY CODE cost accounting, respectively (Please choose the correct option)?

A. 1, 2 and 4; 3)
B. 1, 2 and 4; 2, 3 and 4)
C. 1 and 4; 2 and 3)
D. 1 and 2; 3 and 4)
E. 2 and 4; 1 and 3)
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QUESTION 109
Consider the following statement: “It contains information that remains the same over a long period of time”. It is:

A. Logical Database.
B. Fl Document.
C. Activity Allocation.
D. Master Data.
E. Reconciliation Ledger.
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QUESTION 110
Consider the following statements:
Which of the sentences is true (Please choose the correct option)?

A. Secondary cost elements area used in production that are produced from outside the company.
B. Cost elements are indicators, used as a basis for allocations and for performing key figure analysis
C. Cost centers are the organizational units that incur and influence costs.
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QUESTION 111
Consider the following statements (Report Painter)

1) <1> are numeric fields that you can evaluate in a report.
2) <2> are fields that display criteria that you used in the data selection.
3) <3> consist of a key figure and one or more characteristics.
4) All of the reports are kept in <4> .

Please choose the option that substitutes <1>, <2>, <3> and <4>, respectively:

A. key figures, predefined columns, system libraries and characteristics.
B. predefined columns, key figures, system libraries and characteristics.
C. predefined columns, characteristics, key figures, and system libraries
D. key figures, characteristics, predefined columns and system libraries.
E. characteristics, key figures, predefined columns and system libraries.
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QUESTION 112
What can we say about Internal Orders? (4)
(Note: we can have more than one correct sentence. Please select the sentences you think they are correct)
A. They can be used as internal cost objects.
B. They can be settled to another cost objects.
C. They can be real or statistical.
D. They must have an associated order type.
E. They cannot be organized by groups.
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QUESTION 113
What are the techniques related to Planning scope on Internal Orders? (4) (Note: we can have more than one correct sentence. Please select the sentences you think they are correct)?

A. Overall planning.
B. Budgeting.
C. Primary and secondary costs and revenues.
D. Unit costing.
E. Statistical key figures.
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QUESTION 114
Profitability Management is related to which SAP R/3 specific module? (Please choose the correct option)

A. Financial Accounting.
B. Materials Management.
C. Controlling.
D. Enterprise Controlling.
E. Sales & Distribution.
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QUESTION 115
(EC-PCA) What of the following items can be transferred online in realtime? (3) (Note: we can have more than one correct sentence. Please select the sentences you think they are correct)

A. asset values.
B. payables/receivables.
C. balance carry forward.
D. work in process.
E. material stocks.
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QUESTION 116
Consider the following sentences and choose the correct option:

A. All transactions carried out during a period are stored with a date weighting in the average balance ledger.
B. The opening balance is taken from the average balance ledger “8A”.
C. The average balance ledger (8Z) contains both weighted transactions by period and by company code.
D. A transfer price is a price used to plan the transfer of goods and services that should be occur between independent organizational units
E. The assignment of a Report Painter/Report Writer to a library is optional.
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QUESTION 117
What are the functions integrated in the Schedule Manager? (4) (Note: we can have more than one correct sentence. Please select the sentences you think they are correct)

A. Error correction and Restart.
B. Various ways for starting jobs.
C. Dependencies.
D. Documentation integrated into the system.
E. Uniform Error Analysis.
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QUESTION 118
What are the advantages of using the Schedule Manager during the period-end closing processes? (4) (Note: we can have more than one correct sentence. Please select the sentences you think they are correct)

A. Changes not recognized or active immediately.
B. Changes are immediately visible and effective.
C. Access is available to everyone with authorization.
D. The system executes settlement.
E. Documentation ad flow for period-end closing are centrally integrated in the R/3 system.
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QUESTION 119
What is the intention of a task list? (1)

A. It is intended to group all work to be done.
B. It is intended to be restricted to the financial manager.
C. It is intended to make the user forget the transaction codes.
D. It is intended only to collect several jobs.
E. It is intended to be self-documented.
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QUESTION 120
What are the four task types? (4)
(Note: we can have more than one correct sentence. Please select the sentences you think they are correct)

A. Create transaction code.
B. Notes.
C. Transactions.
D. Programs with variant.
E. Flow definition.
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QUESTION 121
What does the monitor provide? (4)
(Note: we can have more than one correct sentence. Please select the sentences you think they are correct)

A. The access to messages and result lists.
B. The visualization of both entire technical and business information.
C. The opportunity to postpone someone’s tasks.
D. The opportunity to view the work of colleagues and the processing sequence, as well as the technical and business status of every task
E. The ability to monitor the total progress of period-end closing when the user uses more than one task list.
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QUESTION 122
What do the flow definitions provide? (2)
(Note: we can have more than one correct sentence. Please select the sentences you think they are correct)

A. To define dependencies via external tools.
B. To execute it only when the system is online.
C. To define a fixed sequence of jobs that is integrated in the R/3 system.
D. To allow the user a way for changing period-end closing data.
E. To send mails to colleagues at defined times.
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QUESTION 123

CORRECT TEXT

—————————require a separate asset class and corresponding G/L account, because they have to be shown separately in the balance sheet

A.
B.
C.
D.

Explanation/Reference:
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QUESTION 124
SAP provides model charts of depreciation for many countries but we can also define our own chart of depreciation (by copying and changing)

A. Yes
B. No
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