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SAP C_TFIN52_67 SAP Certified Application Associate - Financial Accounting with SAP ERP 6.0 EhP7 Exam Practice Test

Demo: 24 questions
Total 160 questions

SAP Certified Application Associate - Financial Accounting with SAP ERP 6.0 EhP7 Questions and Answers

Question 1

Which elements of a customer account are created when you maintain the account decentralized in Financial Accounting?

Please choose the correct answer.

Response:

Options:

A.

General data, company code data, and purchasing organization data

B.

General data and company code data

C.

General data, company code data, and sales area data

D.

General data and sales area data

Question 2

The head of accounts receivable requires that all items posted to individual customer accounts are posted to their headquarters. Which function do you have to use to fulfill this requirement?

Options:

A.

Head office and branch account

B.

Single bank account

C.

Alternative payer/payee

D.

Cash management group

Question 3

To which of the following does an asset class apply?

Options:

A.

To all company codes in a controlling area

B.

To all company codes in an instance (client-independent)

C.

To all company codes in a client

D.

To all company codes within a client, which share the same chart of accounts

Question 4

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?

Please choose the correct answer.

Response:

Options:

A.

Activate the Line Item Display flag in the financial statement version.

B.

Use a drilldown report.

C.

Use the standard Financial Statements (RFBILA00) report.

D.

Run a line item report.

Question 5

Which of the following are the main components of a drilldown report?

Please choose the correct answer.

Response:

Options:

A.

Characteristics and key figures

B.

Characteristics and variables

C.

Variables and general selection criteria

D.

Variables and key figures

Question 6

What can we define into the chart of accounts customizing transaction (OB13 transaction)?

There are 4 correct answers to this question.

Response:

Options:

A.

Description.

B.

Maintenance language.

C.

Length of the company code.

D.

Length of the G/L account number.

E.

Blocking / unblocking chart of accounts.

Question 7

Which transactions in the procurement process with valuated goods receipt create documents in FI? (Choose two)

Options:

A.

Create purchase requisition

B.

Create purchase order

C.

Post valuated goods receipt

D.

Enter invoice receipt

Question 8

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?

Options:

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

Question 9

Which characteristics of account determination can be used to assign realized exchange rate differences to different G/L accounts? (Choose three)

Options:

A.

Chart of accounts

B.

Reconciliation account

C.

Currency

D.

Valuation method

E.

Valuation key

Question 10

What are the prerequisites for posting a vendor invoice in Financial Accounting?

There are 2 correct answers to this question.

Response:

Options:

A.

You have maintained the currency exchange rates in the system.

B.

You have set up a number range for the vendor invoice document type.

C.

You have created a company code segment in the vendor master.

D.

You have updated the bank details section of the vendor.

Question 11

You set up a new account group. Which Customizing settings for vendors can you control directly in this account group? (Choose two)

Options:

A.

The sensitive fields for dual control

B.

The One-Time Account checkbox

C.

The fields that are available during posting to vendor accounts

D.

The company codes that can be used for the account group

E.

The number range of master data accounts

Question 12

You entered a G/L account posting and received an error message which says that account type S is not allowed. Which object causes this error?

Please choose the correct answer.

Response:

Options:

A.

Currency key

B.

Document type

C.

Posting key

D.

Field status variant

Question 13

Which functions are provided by the Reclassify Payables/Receivables closing activity? (Choose two)

Options:

A.

Open item analysis for liquidity forecast

B.

Regrouping and sorting of payables and receivables

C.

Credit check and rating of open items

D.

Adjustment postings for changed reconciliation accounts

Question 14

How can the short text field of a G/L account be changed?

Options:

A.

Individually, in the company code segment

B.

By making the change at the start of a new fiscal year

C.

By making sure that the field status of the chart of accounts segment allows this

D.

Centrally, in the chart of accounts segment

Question 15

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?

Please choose the correct answer.

Response:

Options:

A.

Profit Center Reorganization

B.

Segment Reorganization

C.

Profit Center Update Scenario

D.

Segment Reporting

Question 16

Identify the steps in the ASAP (Accelerated SAP) Methodology.

There are 5 correct answers to this question.

Response:

Options:

A.

Roll out

B.

Go Live & Support

C.

Final Preparation

D.

Realization

E.

Project Preparation

F.

Business Blueprint

Question 17

In your leading ledger (ledger solution), balance sheets must be created for company codes and segments. Which Customizing settings do you need to make? (Choose two)

Options:

A.

Define a retained earnings account.

B.

Define two retained earnings accounts and assign them to your P&L accounts.

C.

Assign the Segment Reporting scenario to your leading ledger.

D.

Activate cost of sales accounting.

Question 18

Which factors determine the fiscal year variant you would assign to a company code? (Choose two)

Options:

A.

The need to control which periods are open for posting for specific user groups

B.

The existence of a shortened fiscal year

C.

The fiscal year start and end period of the company

D.

The use of a specific fiscal year variant by other company codes on the client

E.

The need to control which periods are open for posting for the company code

Question 19

Your customers do not pay open invoices.

How can you accomplish an automatic flat-rate individual value adjustment?

There are 2 correct answers to this question.

Response:

Options:

A.

Create and dispatch a valuation run for each period during closing operations.

B.

Enter a value adjustment key in the customer master.

C.

Make an individual value adjustment based on special G/L transaction.

D.

Make a statistical flat-rate value adjustment posting for each period manually.

Question 20

What is the maximum number of line items of an FI document?

Please choose the correct answer.

Response:

Options:

A.

Unlimited

B.

999

C.

99

D.

9999

Question 21

Your customer wants to use the Closing Cockpit for period end closing. What major benefits of the Closing Cockpit do you highlight?

There are 2 correct answers to this question.

Response:

Options:

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.

Question 22

You have posted an incorrect amount in Financial Accounting. How can you correct this?

There are 2 correct answers to this question.

Response:

Options:

A.

Change the amount in the posted document.

B.

Use a substitution to change the incorrect amount.

C.

Delete the document.

D.

Reverse the document by negative posting.

E.

Reverse the document by normal reversal posting.

Question 23

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)

Options:

A.

Reconciliation account for account type Bank

B.

Line item display

C.

P&L statement account

D.

Post automatically only

E.

Open item management

Question 24

Which transactions in the procurement process with valuated goods receipt create documents in FI?

There are 2 correct answers to this question.

Response:

Options:

A.

Enter invoice receipt

B.

Create purchase requisition

C.

Create purchase order

D.

Post valuated goods receipt

Demo: 24 questions
Total 160 questions