5.SAP FI CERTIFICATION PRACTICE Q AND A

0
103

QUESTION NO: 71
Which of the following status symbols are used in customer and vendor line item lists? (Choose three)
A. Parked
B. Cleared
C. Overdue
D. Open
E. Not due
Show Answer

QUESTION NO: 72
Which characteristics of account determination can be used to assign realized exchange rate differences to different G/L accounts? (Choose three)
1.
A. Chart of accounts
B. Reconciliation account
C. Currency
D. Valuation method
E. Valuation key
Show Answer

QUESTION NO: 73
If a vendor is also a customer, which settings are necessary to clear both roles against each
other? (Choose two)
A. The payment program must be set up to allow debit checks for vendors and credit checks for
customers.
B. The Clearing with Vendor field must be selected in the customer account and the
the corresponding field must be selected in the vendor account.
C. The vendor and the customer must be assigned to the same group account.
D. The vendor number must be entered in the customer account, or the customer number must be
entered in the vendor account.
Show Answer

QUESTION NO: 74
A multinational enterprise acquires a company in a country that has local reporting
requirements. The multinational enterprise wants to use one operational chart of accounts for all companies.
How can you fulfill this country-specific requirement?
A. Create a country-specific chart of accounts and assign it to the group chart of accounts.
B. Create a group chart of accounts and assign it to the company code.
C. Create a country-specific chart of accounts and assign it to the regular chart of accounts.
D. Create a country-specific chart of accounts and assign it to the company code.
Show Answer

QUESTION NO: 75
Which steps are necessary to run a payment program? (Choose three)
A. Schedule print
B. Start transfer of open items to the payment program
C. Configure open item list
D. Maintain parameters
E. Start proposal run or payment run
Show Answer


QUESTION NO: 76
Which function can you use to generate inter-company posting documents? (Choose two)
A. Intercompany asset transfer
B. Central currency valuation
C. Central payment
D. Intercompany dunning
Show Answer

QUESTION NO: 77
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)
A. Split the received payment so that it falls below the tolerance limit.
B. Increase the tolerance limit manually while posting the document.
C. Post the difference to an account assigned to a reason code.
D. Post the difference as a residual item.
Show Answer

QUESTION NO: 78
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 drill-down reports?
A. Segments, profit centers, cost centers, business areas, functional areas
B. profit centers, cost centers, business areas, functional areas, divisions
C. Business areas, functional areas, segments, profit centers, user IDs
D. Cost centers, business areas, functional areas, segments, tax codes
Show Answer

QUESTION NO: 79
Your customer wants to use the Closing Cockpit for period-end closing. What major benefits of the
Closing Cockpit do you highlight? (Choose two)
A. It enables the use of a task list covering all closing activities.
B. It optimizes legacy data transfer.
C. It closes the posting period automatically on the last day of the period.
D. It provides complete documentation of the activities performed during period-end closing.
Show Answer

QUESTION NO: 80
You want to use external number assignments for specific document types. What is the special
feature of external number assignment?
A. The numbers can be alphanumeric.
B. The number ranges can be used across all company codes.
C. The system issues the numbers automatically.
D. The number ranges can overlap.
Show Answer

QUESTION 81
Every company code that needs to use an account from assigned chart of account has to create its own company code segment

A. true
B. false

Show Answer


QUESTION 82
Settings for payment program are defined in
A. at time of posting invoice – line item level
B. vendor master record
C. customizing for payment program

Show Answer


QUESTION 83
(FI-AM] The chart of depreciation is defined at what level?

A. Asset class.
B. Plant.
C. Company code.
D. Client.

Show Answer


QUESTION 84
[FI-SLJ We do know there are differences between Cost-of-sales-accounting and period accounting. What is the correct answer?

A. Cost of sales accounting has the emphasis on summarizing the activity and situational change over a period of time, for a given organizational unit.
B. Period accounting is divided into Costing based and into Account based.
C. Companies must choose to use one of these methods (Cost of sales or Period accounting) for generating their legal financial statements.
D. Period accounting has the emphasis into matching the revenues for goods/or services provided against the related expanses for those items.

Show Answer

QUESTION 85
(FI-AM| Different company codes can be linked to one chart of depreciation

A. false
B. true

Show Answer

QUESTION 86
Which are the segments of SD view of customer account master data

A. controlling area
B. company code
C. client
D. sales area
E. purchase organization

Show Answer

QUESTION 87
Several company codes can use the same chart of accounts, although they have different charts of depreciation

A. True
B. False

Show Answer

QUESTION 88
All reconciliation accounts and all G/L accounts with open item transactions in foreign currency must be assigned to the G/L account for realized losses and gains. Which of the following options exist for this assignment One or more is correct.

A. A single G/L account can not be used per currencies and currency types.
B. A single G/L account can be used per currency
C. A single G/L account can not be used per currency type
D. A single G/L account can be used for all currencies and currency types

Show Answer


QUESTION 89
Usage of financial statement version is optional for group chart of account

A. false
B. true

Show Answer

QUESTION 90
What is the highest organizational unit which usually perform dunning?

A. Chart of account
B. Client
C. Business Area.
D. Company Code.

Show Answer


QUESTION 91
Tax calculation by system are usually posted via separate line item to a special tax account in standard scenario

A. true
B. false

Show Answer


QUESTION 92
Which payment terms are defaulted when posting an invoice depends on where the Invoice is created: One or more is correct.

A. If the invoice is created in Fl the payment terms from the company code segment are defaulted
B. when posting the MM-invoice payment terms are copied to the Fl-lnvoice
C. If a vendor invoice is created in MM payment terms from the purchasing segment are not defaulted.
D. When posting the SD-invoice payment terms are not copied to the Fl-invoice.

Show Answer


QUESTION 93
If a closed year is subsequently released for posting, it can only be closed again once the year- end closing program has been re-run.

A. false
B. true

Show Answer


QUESTION 94
How many levels the GL account master record have and what are they?
A. 1 Levels GL master record.
B. 3 Levels client, chart of account
C. 2 Levels company code and chart of account level.
D. 2 Levels company code and client level.

Show Answer

QUESTION 95
What is it validation? One or more is correct

A. Allows you to define your own account number.
B. Allows you to define your own account document.
C. Allows you to define your own conditions for substituting specific fields.
D. Allows you to define your own individual checks for specific fields when a business transaction is being processed

Show Answer


QUESTION 96
System determines tax from

A. tax code
B. base amount

Show Answer


QUESTION 97
The accounting document: One or more is correct.

A. An accounting document must contain at least 1 line item.
B. The debits and credits are not required to balance to zero before posting is permitted.
C. The header section contains data relevant for the management of whole document, such as document number, posting date, company code, currency and document text.
D. Each line item would contain an account, an amount and other relevant posting information.

Show Answer


QUESTION 98
The reconciliation account: One or more is correct.
A. Can be defined for customer, vendor and asset account types.
B. itself is not designed for direct posting
C. Is defined on the client portion of the company code.
D. Ensures real-time integration of sub ledger account with the general ledger

Show Answer

QUESTION 99
What characteristics are configured standard for every customer/vendor account

A. open item management
B. purchase organisation
C. currency
D. line item display
E. company code

Show Answer

QUESTION 100
The local currency it is defined at the time the: One or more is correct.

A. Company code is created.
B. Chart or account is created.
C. Document header.
D. Document is posting.

Show Answer


QUESTION 101
A document can only be reversed if: One or more is correct.

A. The original document contains no cleared line items, if the document does contain cleared items, then these items must be reset before reversal can take place.
B. The original document contains only customer, vendor and G/L line items.
C. The original document was posted in Fl system or originating in other modules
D. All specified values (such as, cost center) are not still valid.

Show Answer

QUESTION 102
What defines the date on which terms of payment are to begin ?

A. Entry date.
B. Posting date.
C. Document type.
D. Baseline date.

Show Answer


QUESTION 103
Items which have to be paid are bundled together to create payments as long as they have: One or more is correct

A. The different payee/payer.
B. The same currency.
C. The different bank connection in the item.
D. The same paying and sending company code.

Show Answer


QUESTION 104
Payment differences that fall outside defined limits: One or more is correct.

A. Limit the possible dunning levels.
B. Grant only cash discount for the portion paid. The remaining discount can only be granted once the outstanding receivable has been paid off in full, within the que date
C. When posting a residual item, you require a payment term. You can transfer the payment term from the original invoice or default a separate payment item.

Show Answer


QUESTION 105
Which the following statements about creating customer master records are correct?

A. Information on each screen may De defined in configuration mandatory, suppressed or optional, depending upon the company code.
B. An account group always gets assigned to a customer.
C. The company code is always a required entry.
D. The account number may be assigned by the user externally.
E. Information on each screen may be defined in configuration as mandatory, suppressed or optional, depending upon the account group
Show Answer

LEAVE A REPLY

Please enter your comment!
Please enter your name here