2. SAP FI FIXED ASSETS OBJECTIVE QUESTION AND ANSWER

QUESTION NO: 7
For reports in Asset Accounting, which object do you have to use and, where necessary, customize to determine the sort level and/or the summation level?
A. Depreciation area
B. Sort key
C. Sort variant
D. Valuation area
Answer: C
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QUESTION NO: 8
Your company currently uses an internal number ranges for documents. You are rolling out your system in a new country. It is a legal requirement in this country to have external document numbering on vendor invoices (currently document type KR). You have copied the number ranges from the existing company code to the new company code.
Which Customizing settings do you have to make to meet this requirement and have a minimal effect on the existing system configuration?
A. Mark a new document number range as external and assign it to the document type KR.
B. Create a new external document type and assign the number range 51 to the new document
type.
C. Create a new document type and a new external number range interval as external. Assign the
new number range to the new document type.
D. Mark existing number range interval 51 as external for the new company code.
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QUESTION NO: 9
How many separate G/L accounts do you recommend the customer creates in the chart of accounts?
A. Six – one for each combination of house bank and bank account
B. One for all postings
C. Two – one for each house bank
D. Three – one for each bank account
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QUESTION NO: 10
Which line item field is filled automatically by the sort key field of a master record (G/L account,
customer, or vendor)?
A. Item text
B. Assignment
C. Amount in document currency
D. Number of the invoice to which the transaction belongs
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QUESTION NO: 11
You want to reconcile the amounts you have in a main bank G/L account in your system with the daily bank statement. You create a single intermediate G/L bank account for each bank. All transactions with the bank are posted through the intermediate account. Which of the following indicators do you have to activate in the G/L account characteristics of the intermediate account? (Choose two)
A. Reconciliation account for account type Bank
B. Line item display
C. P&L statement account
D. Post automatically only
E. Open item management
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QUESTION NO: 12
What additional options do parking documents offer compared to holding documents? (Choose two)
A. A parked document can be posted cross-client to minimize the total cost of ownership (TCO).
B. A parked document can be posted using a workflow.
C. A parked document can be changed and posted by another user, thereby supporting the
principle of dual control.
D. A parked document can be posted via automatic speech recognition.
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QUESTION NO: 13
Your customer has two company codes in the same client. Each company code has a different operational chart of accounts. The customer has a country-specific chart of accounts for each company code.
How does this influence how you create customer master records?
A. You have to create customer master records for each credit control area.
B. You have to create one master record for each customer.
C. You have to create customer master records for each country-specific chart of accounts.
D. You have to create customer master records for each chart of accounts.
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QUESTION NO: 14
What do you define when you configure a dunning procedure?
A. Dunning levels and dunning charges for each dunning level.
B. Dunning levels and account determination to post dunning interest.
C. Dunning charges for each dunning level and customers to be dunned.
D. Dunning levels and the language of the dunning note.
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QUESTION NO: 15
Which of the following factors determine the field status for vendors?
A. Account group, transaction, and company code
B. Transaction, chart of accounts, and company code
C. Account group, chart of accounts, and company code
D. Account group, transaction, and chart of accounts
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QUESTION NO: 16
You configure the available amounts for bank accounts.
What happens to these available amounts during the payment run?
A. They are set to zero.
B. They have updated automatically, but have to be released by another user (dual control).
C. They have updated automatically.
D. They are not updated.
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QUESTION NO: 17
A customer wants to create a report that is to be run on a monthly basis showing documents within a specific range for a specific company code that has been posted within the current month. How can you create this type of report?
A. Create a Compact Document Journal report. After running the report, save it to your desktop, where it can be updated every month.
B. Create a Compact Document Journal report.
• Enter the values for the document interval and company code.
• After saving this as a variant, add an appropriate D (Dynamic Date Calculation) variable for the posting date on the Variant Attributes screen.
C. Create a G/L Account Balances report.
• Enter the values for the document range and company code.
• After saving this as a variant, add an appropriate D (Dynamic Date Calculation) variable for the posting date on the Variant Attributes screen.
D. Create a Compact Document Journal report.
• Enter the values for the document range and company code.
• After saving this as a variant, add an appropriate T (Table) variable for the posting date on the Variant Attributes screen.
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QUESTION NO: 18
A customer wants to use document splitting to enable balance sheets by segments.
How do you set up the document split? (Choose two)
A. Assign the splitting method to the transaction variant.
B. Define a non-leading ledger for the split documents.
C. Assign all document types to business transactions and business transaction variants.
D. Define splitting rules.
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QUESTION NO: 19
Which object do you have to activate to maintain profit centers directly in Asset Accounting with all business functions for New General Ledger Accounting activated?
A. Profit Center Reorganization
B. Segment Reorganization
C. Profit Center Update Scenario
D. Segment Reporting
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QUESTION NO: 20
When dealing with financial statement versions (FSVs), how do you ensure that the requirements
of the various target groups (for example auditors, tax authorities, and banks) are satisfied?
A. Create one FSV and enhance it with different sets of notes.
B. Create one FSV and then save different variants based on the needs of the various groups.
C. Create different versions of the same FSV.
D. Create different FSVs based on the needs of the target group.
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QUESTION NO: 21
Down payments can be posted using a special G/L transaction. What is the main benefit of this
function?
A. It automatically creates the final invoice and clears down payments against it.
B. It automatically clears down payment requests.
C. It posts down payments to a reconciliation account that is different from that of ordinary
payables and receivables.
D. It shows data in the appendix of the balance sheet.
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QUESTION NO: 22
Your customer’s Accounting department informs you that the company issues checks. They need to easily differentiate payments made by check.
How can you facilitate this requirement?
A. Create an additional field in the coding block called Check.
B. Use the payment method for checks.
C. Use the payment term for checks.
D. Customize a line item report that filters data according to the text field and instruct users to enter the word “Check” in the field when entering such payments.
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QUESTION NO: 23
Your chief accountant would like to display company-owned cars separately in the balance sheet. These cars were previously included in the asset class “factory and office equipment”.
What do you have to configure?
A. Create a new asset class but use the same account determination.
B. Create a new account determination, but no new asset class.
C. Create evaluation groups to subdivide all assets of the class.
D. Create a new asset class and a new account determination.
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QUESTION NO: 24
Which of the following are the main components of a drill-down report?
A. Characteristics and key figures
B. Characteristics and variables
C. Variables and general selection criteria
D. Variables and key figures
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QUESTION NO: 25
Your customer wants to access line items for individual P/L accounts without leaving the balance sheet and P/L display. What do you recommend?
A. Activate the Line Item Display flag in the financial statement version.
B. Use a drill-down report.
C. Use the standard Financial Statements (RFBILA00) report.
D. Run a line item report.
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QUESTION NO: 26
You have been asked to showcase the “asset sale with customer” scenario in the next blueprint workshop meeting. What do you have to consider when posting an asset sale? (Choose two)
A. You must specify the asset value date.
B. You must post the sale against an asset that has an acquisition.
C. You must use posting key 75 (credit asset) and select the specific asset sale in the accounting field.
D. You must calculate and input the profit or loss from the asset sale in a separate line during posting.
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QUESTION NO: 27
At which level is the vendor account number (a master record) assigned?
A. At a combination of client and company code segment level
B. At a combination of client and purchasing organization segment level
C. At the client level
D. At the company code segment level
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QUESTION NO: 28
A customer wants to use segment reporting on the balance sheets and P/L accounts.
Which business function do you recommend?
A. Special Purpose Ledger
B. Profitability Analysis
C. New General Ledger Accounting
D. Profit Center Accounting
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QUESTION NO: 29
At the end of a fiscal year, the system carries forward the balance of certain accounts to a special
retained earnings account and sets them to zero. Which accounts are treated in this way?
A. Balance sheet and P&L accounts
B. P&L accounts
C. Accounts managed only on the basis of open items
D. Balance sheet accounts
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QUESTION NO: 30
A company uses different terms of payment. What can you define for these terms of payment? (Choose three)
A. Cash discount periods
B. Interest calculation
C. Baseline date for due date calculation
D. Cash flow calculation
E. Cash discount percentage rates
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QUESTION NO: 31
What are the advantages of the Payment Medium Workbench (PMW)? (Choose three)
A. It activates the automatic import of settings related to changes in payment transaction laws.
B. It provides a uniform set of functions for all kinds of payment methods.
C. It automatically creates direct debits.
D. It can be used to change payment formats without modifying the programs.
E. It can be used to create new payment formats.
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QUESTION NO: 32
What do you define when you set up a depreciation area?
A. The posting to the general ledger
B. The company code in Asset Accounting
C. The account determination
D. The asset number ranges
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QUESTION NO: 33
What are the benefits of using the accrual engine? (Choose three)
A. The accrual engine can correct accruals in the previous month even if that period is closed.
B. The accrual engine is client-independent.
C. The accrual engine calculates the accrual amounts automatically.
D. The accrual engine can simulate planned future accruals.
E. The accrual engine supports parallel accounting.
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