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SAP Certified Application Associate – Financial Accounting with SAP

Top of Form

Within the line items of FI documents, what does the posting key control?

whether the item is posted as a debit or credit
the account group to which the line item can be posted
the account type to which the line item can be posted
the field status of additional details
whether the item is posted with reference to primary or secondary cost elements


What are the requirements for the technical clearing account in new Asset Accounting?

the account must be a balance sheet account
the account must be line item managed
The account must be a profit and loss account
the account must be flagged for ‘’posting without tax allowed’’


Your company code is set up to post three ledgers representing separate accounting principles. Each ledger is assigned to the local currency and the group currency and the group currency. You want to configure new Asset Accounting.
What is the minimum number of depreciation areas required?

1
3
6
9

What do you define when you configure a dunning procedure?

Dunning charges for each dunning level and customers to be dunned
Dunning levels and the language of the dunning note
Dunning levels and dunning charges for each dunning level
Dunning levels and account determination to post dunning interest

The controlling department wants to see depreciation amounts on internal orders. Which customizing settings do you need to make in Asset Accounting?

set the field internal order to required or optional in the screen layout
make the internal order an active assignment object
Make the internal order an account assignment object for the depreciation run
assign the field internal order to account determination
enhance relevant transfer variants by adding the field internal order

Fiscal year variant F! has six posting periods and fiscal year variant F2 has four posting periods. The posting periods have different start and end dates for each fiscal year.
Variant F1 is assigned to leading ledger (0L) and F2 assigned to the non-leading ledger(N1). You get an error message when making a posting in the non-ledger ledger.
What causes this error message?

the fiscal year variant of the non-leading ledger and the leading ledger are different.
the posting is being made in a special period, but both variants are examples of a shortened fiscal year.
posting period for the non-leading ledger group ‘’N1’’ is closed
the posting period variant of the non-leading ledger and the leading ledger are different.


If a vendor is also a customer, it is possible to clear both roles against each other. Which settings are necessary to implement this ?

The “Clearing with Vendor” field must be selected in the customer account, and the corresponding field must be selected in the vendor account.
The vendor and the customer must be assigned to the same group account.
The vendor number must be entered in the customer account or the customer number must be entered in the vendor account.
The payment program must be set up to allow debit checks for vendors and credit checks for customers.

Question:

which information do you maintain for house banks?

There are 3 correct answers to this question

Response:

bank accounts for each house bank
general ledger accounts
customer and vendor accounts
information for electronic payments transactions
information for electronic bank statements


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Question:

You configured new Asset Accounting for your company code with three depreciation areas that post in real time. When posting an external acquisition, how many documents are created?

Please choose the correct answer

Response:

2
3
4
6


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Question:

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 ?
Please choose the correct answer.

Response:

Depreciation area
Sort key
Sort variant
Valuation area


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Question:

Down payments can be posted using a special G/L transaction. What is the main benefit of this functionality?
Please choose the correct answer.

Response:

It posts down-payments to a reconciliation account that is different from that of ordinary payables and receivables.
It shows data in the appendix of the balance sheet.
It automatically creates the final invoice and clears down-payments against it.
It automatically clears down-payment requests.


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Question:

Consider the following sentences about the chart of accounts segment, which of these combinations are false?

1) It contains the Company Code, Account number and the field status group.
2) Whenever you need to enter information for a company code for an account number, you have to type again the information related to chart of accounts segment.
3) Texts can be displayed using the program “Account assignment manual”(RFSKTHOO).
4) Keywords facilitate the search for account numbers.

There are 2 correct answers to this question.

Response:

1
2
3
4
None of them.


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Question:

Which SAP NetWeaver component realizes cross-system application processes?
Please choose the correct answer.

Response:

SAP Enterprise Portal (SAP EP)
SAP Exchange Infrastructure (SAP XI)
SAP Master Data Management (SAP MDM)
SAP Business Warehouse (SAP BW)


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Question:

which new Customizing object requires you to reconfigure the depreciation areas in new Asset Accounting?

Please choose the correct answer.

Response:

Chart of accounts
valuation areas
accounting principles
asset classes


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Question:

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 ?
Please choose the correct answer.

Response:

Head office and branch account
Single bank account
Alternative payer/payee
Cash management group


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Question:

On which level do you define depreciation keys?
Please choose the correct answer.

Response:

Company code
Chart of accounts
Asset class
Chart of depreciation


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Question:

In which Customizing activity do you decide which special G/L transactions are to be paid automatically via the payment program ?
Please choose the correct answer.

Response:

Set Up Payment Methods per Company Code for Payment Transactions
Set Up Paying Company Codes for Payment Transactions
Set Up All Company Codes for Payment Transactions
Set Up Payment Methods per Country for Payment Transactions


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Question:

Identify the steps in the ASAP (Accelerated SAP) Methodology.
There are 5 correct answers to this question.

Response:

Roll out
Go Live & Support
Final Preparation
Realization
Project Preparation
Business Blueprint


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Question:

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 ?
There are 2 correct answers to this question.

Response:

Create different versions of the same FSV.
Create one FSV, then save different variants based on the needs of the various groups.
Create one FSV and enhance it with different sets of notes.
Create different FSVs based on the needs of the target group.


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Question:

what is the purpose of the group account number in G/L account master maintenance?

Please choose the correct answer.

Response:

it is used for cross-company code reporting if the company codes use different chart of accounts
it acts as the key to identity the balance sheet and profit and loss accounts in the financial statement version
it determines the fields in the entry screen when you create or update a master record in the company code
it defaults the number interval that is applied for the G/L account number in the company code


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Question:

Consider the following sentences, which of them are true?

1) A fiscal year has to be defined by means of separating business transactions into different periods.
2) Special periods are used for postings, which are related to the process of the year-end closing. In total, 16 special periods can be used.
3) The Fiscal Year variant only defines the amount of periods and their start and finish dates.
4) The Fiscal Year is defined as a variant, which is assigned to the chart of accounts.

Please choose the correct answer.

Response:

1 and 2
1 and 3
2 and 3
2 and 4
3 and 4


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Question:

Identify the benefits of SAP Solution Manager?
There are 5 correct answers to this question.

Response:

More leverage from IT investments
Reduced cost of implementation
Reduced ROI
More reliable IT solutions
Faster ROI
Reduced cost of operation


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Question:

What is the purpose of account determination in the accrual engine?
There are 2 correct answers to this question.

Response:

To determine the document type
To determine the CO object
To determine debit and credit accounts
To determine the correct posting period


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Question:

in a customer master record, which key field for dunning is maintained on the client level?

Please choose the correct answer.

Response:

payment terms
communication – language
dunning procedure
payment method


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Question:

What is a SAP Business Object ?
Please choose the correct answer.

Response:

It is all the transaction data generated via transactions.
It is the instanced class of the Class Builder.
It is composed of tables that are related in a business context, including the related application programs and it is maintained in the Class Repository.
It is the representation of a central business object in the real world, such as an employee, sales order, purchase requisition, invoice and so on.
It is a sequence of dialog steps that are consistent in a business context and that belong together logically.


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Question:

Instead of the classic system monitoring of individual system components with Solution Monitoring, entire business processes can be monitored as a whole across multiple components. Identify the components that define the concept of Solution Monitoring ?

There are 3 correct answers to this question.

Response:

User Level management
Business Process Monitoring
System Monitoring
Service Level Management
Component Solution Monitoring


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Question:

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?

Please choose the correct answer.

Response:

You have to create customer master records for each credit control area.
You have to create one master record for each customer.
You have to create customer master records for each country-specific chart of accounts.
You have to create customer master records for each chart of accounts.


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Question:

How does the SAP ERP ECC 6.0 wih new G/L accounting support real-time CO-FI integration?

Please choose the correct answer.

Response:

the universal journal provides a common database table for both CO and FI postings
a separate posting period interval specifically for the CO-FI postings is provided
batch reconciliation postings are generated from the reconciliation ledger
the controlling area can be configured wth one to one assignment to a company code


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Question:

Consider the following sentences about field status:

1) Fields which _____________can be made____________.
2) Fields that can be entered, but are not required, can be set to _________entry

Which of the options below matches the blank spaces of those sentences?
Please choose the correct answer.

Response:

1) must not have an entry / optional, 2) suppressed
1) must have an entry / suppressed, 2) suppressed
1) must have an entry / optional, 2) optional
1) must have an entry / required, 2) optional
1) must not have an entry / required, 2) optional


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Question:

Which entries can you define when maintaining a G/ L account?

There are 3 correct answers to this question.

Response:

Ledger assignment
Profit center
Field status group
Account group
Open item management


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Question:

Which of the following business scenarios can be handled with accrual and deferral postings?

Please choose the correct answer.

Response:

Monthly rent payments for an office building
One-time payment for fixing flooding damage
One-time payment for one-year cloud storage service
Monthly subscription to a financial newspaper


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Question:

Which of the following items can you assign directly to the asset master record on the Time-Dependent tab?

Please choose the correct answer.

Response:

segment
Evaluation group
useful life
quantity


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Question:

ERP offers enterprise centric functionality (general ledger, payroll, order entry) to integrate core, internal processes. About the definition of ERP and e-business functionalities, we can say that…

There are 4 correct answers to this question.

Response:

ERP is mySAP Financials and mySAP HR.
ERP is SAP R/3, while e-business is mySAP.com.
About Business Model, ERP can be considered as enterprise centric and e-business, as extended and collaborative.
About Architecture, ERP can be considered as an integrated system and e-business, as an integrated system and an open integration platform.
About Processes, ERP can have them integrated, core within enterprises and collaborative, beyond company boundaries.


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Question:

Which objects can be assigned to an asset master record?
There are 3 correct answers to this question

Response:

Cost center
Internal order
Profit center
WBS element
Profitability segment


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Question:

To which of the following does an asset class apply?
Please choose the correct answer.

Response:

To all company codes in a controlling area
To all company codes in an instance (client-independent)
To all company codes in a client
To all company codes within a client, which share the same chart of accounts


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Question:

What happens when you post an outgoing partial payment?

There are 2 correct answers to this question.

Response:

the invoice is cleared
a new open item is created with reference to the invoice
the invoice remains open
a payment block is set on the invoice


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Question:

A company sells products. Sometimes, when dealing with complaints, they need to issue a credit memo. Which accounts will be used to issue credit memos?
Please choose the correct answer.

Response:

Payables and expense account
Receivables and expense account
Payables and revenue account
Receivables and revenue account


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Question:

Which of the following parameters are defined in the payment program to select appropriate open items?

There are 2 correct answers to this question.

Response:

Exchange rate type
Bank account
Program identification
Purchasing group


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Question:

You entered a non-invoice-related credit memo and selected Net Due 30 Days as the term of payment. The Invoice Reference field is empty.

What effect does this have on the term of payment entered in the credit memo ?
Please choose the correct answer.

Response:

The term of payment entered in the credit memo is ignored during clearing.
The term of payment entered in the credit memo is replaced by the term of payment from the last valid customer invoice.
An error occurs.
The term of payment entered in the credit memo is used during clearing.


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Question:

How can the short text field of a G/L account be changed?
Please choose the correct answer.

Response:

Centrally, in the chart of accounts segment
By making the change at the start of a new fiscal year
By making sure that the field status of the chart of accounts segment allows it
Individually, in the company code segment


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Question:

A company uses different terms of payment. What can you define for these terms of payment?
There are 3 correct answers to this question.

Response:

Cash discount periods
Interest calculation
Baseline date for due date calculation
Cash flow calculation
Cash discount percentage rates


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Question:

What does the fiscal year variant control?
There are 2 correct answers to this question.

Response:

The number of special periods available in addition to the normal periods
The number of periods (up to 16 posting periods including special periods)
The open periods (a period interval for closing and another for day-to-day business)
The number of periods (up to 52 posting periods and special periods)


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Question:

Special G/L transactions can be divided into which types?
There are 3 correct answers to this question.

Response:

Automatic offsetting entry
Noted item
Value adjustment
Interest
Free offsetting entry


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Question:

What of these alternatives are considered master data?
There are 4 correct answers to this question.

Response:

Chart of Accounts
G/L Accounts
Vendor
Customer
Asset


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Question:

What are the call-up points for validations in FI?
Please choose the correct answer.

Response:

Document header, document type, and complete document
Basic data section, detailed data section, and line item
Document header, line item, and complete document
Basic data section, line item, and complete document


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Question:

Which specifications can you choose in the reverse document header data to reverse a general ledger posting?

Please choose the correct answer.

Response:

document date
base date
payment block
posting date


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Question:

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:

It enables the use of a task list covering all closing activities.
It optimizes legacy data transfer.
It closes the posting period automatically on the last day of the period.
It provides complete documentation of the activities performed during period-end closing.


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Question:

What options do you have for posting an asset acquisition?
There are 3 correct answers to this question.

Response:

Asset acquisition integrated with accounts payable
Asset acquisition using a clearing account
Asset acquisition posted via the payment program
Asset acquisition posted via the accrual engine
Asset acquisition posted from Materials Management


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Question:

About evolution in the world of business, we can affirmate that…
Please choose the correct answer.

Response:

The internet revolution could turn available to companies the use of ERP functionality.
The next generation of “new dimension” products appeared taking functionality out of the company, to bring value through extending the Internet Revolution.
The internet has driven to a collaborative environment where value is created through collaboration within business communities.
In the first the companies were looking at Cost reduction and efficiency through integration of business communities.


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Question:

Which of the following tax types does the SAP System support for calculating, posting, and correcting tax, as well as for tax reporting?

There are 3 correct answers to this question.

Response:

Top-Up Tax
Additional Taxes
Tax on sales & purchases
Withholding Tax


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Question:

which function is offered in drilldown reports with the Report-to Report interface?

Please choose the correct answer.

Response:

change to graphical output
forward to another user
call up a transition
download to a spreadsheet


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Question:

During period end closing, the G/L accounting clerk posted a document with an incorrect account assignment. The clerk discovered the problem immediately after posting and wants to know how to reverse the document so that it does not affect debit and credit balances.

Which reversal code does the clerk need to use?

Please choose the correct answer.

Response:

actual reversal in closed period
actual reversal in current period
reversal in closed period
reversal in current period


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Question:

What controls the posting key?
There are 3 correct answers to this question.

Response:

Account type
Debit/credit indicator
Document type
Number range
Field status


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Question:

Standard ASAP (Accelerated SAP) roadmaps outline the activities involved in SAP solutions Identity the main types of roadmaps?

There are 4 correct answers to this question.

Response:

Global Template Roadmap
Implementation Roadmap
Solution Roadmap
Download Roadmap
Solution Management Roadmap
Upgrade Roadmap


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Question:

What are the prerequisites for posting a vendor invoice in Financial Accounting?
There are 2 correct answers to this question.

Response:

You have maintained the currency exchange rates in the system.
You have set up a number range for the vendor invoice document type.
You have created a company code segment in the vendor master.
You have updated the bank details section of the vendor.


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Question:

You want to post an invoice from vendor. The vendor has specified an alternative payee. The alternative payee is not a vendor or customer in your system.

Which of the following functions enables you to capture the data when processing the invoice?

Please choose the correct answer.

Response:

Individual specifications
Clearing with vendor
Decentralized processing
Partner bank account


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Question:

Your customer runs an SAP system with New General Ledger Accounting activated. They want to run a valuation of accounts receivable that are posted in foreign currency.

What do you have to do?
Please choose the correct answer.

Response:

Set up a new exchange rate type and assign it to a valuation method.
Assign a valuation method to all customer master records that you want to valuate.
Set up a valuation method and assign it to a valuation area.
Set up the Valuation Cockpit to perform this task.


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Question:

Which postings are created by the depreciation posting run?
There are 2 correct answers to this question.

Response:

Transfer of deprecations to cost center planning
Year-to-date depreciation on current assets
Postings to the depreciation accounts in the General Ledger
Book and cost accounting depreciations to assets


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Question:

What does the posting key control?
There are 3 correct answers to this question.

Response:

Account type
Document type
Field status (of posting key)
Debit/credit indicator
Number range


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Question:

Which of the following special G/L transactions are noted items?

There are 2 correct answers to this question.

Response:

down payment request
guarantee of payment
bill of exchange payment request
down payment


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Question:

You entered a G/L account posting and received an error message saying that account type D (customer) is not allowed.

Which object causes this error ?
Please choose the correct answer.

Response:

Currency key
Tolerance group
Document type
Field status variant


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Question:

Which of the following accounts are updated directly?
Please choose the correct answer.

Response:

Accounts in the group chart of accounts
Accounts in the operating chart of accounts
Accounts in the master chart of accounts
Accounts in the country chart of accounts


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Question:

Which of the following describe characteristics of master data?
There are 2 correct answers to this question.

Response:

Master data is used on a long-term basis for multiple business processes.
Master data is typically assigned to organizational levels.
Master data must be assigned on company code level.
Master data cannot be changed after creation.
Master data is a template for transactional data.


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Question:

Consider the following sentences, which of these are true?

1) Reconciliation accounts are general ledger accounts assigned to the business partner master records to record all transactions in the sub-ledger

2) For accounts without line item display, the most important data from the posted line items is stored in a special index table.

3) The account currency must be in the local currency.

4) Items in accounts with open item management means the G/L accounts should have a offsetting posting for a given business transaction.

Please choose the correct answer.

Response:

1 and 3
2 and 4
1 and 2
2 and 3
1 and 4


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Question:

A customer requires a balance sheet per segment but does not require a balance sheet per profit center. You discuss the features of segments and profit centers with him.

Which features can you highlight?
There are 3 correct answers to this question.

Response:

You can assign the segment to the asset master record.
You can assign a segment to a cost accounting object such as a cost center or internal order.
Segments are derived from profit centers in the standard system.
You can assign the segment to the material master.
You can post in FI directly to a segment.


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Question:

What does the year-end closing program in asset accounting do?

Please choose the correct answer.

Response:

it generates the next available open period for each depreciation are
it checks the depreciation lists and asset history and then posts depreciation
it carries out depreciation simulations and makes adjustment postings
it checks whether the depreciation and asset balances are posted comprehensively


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Question:

What is a benefit of a drilldown report?

Please choose the correct answer.

Response:

The navigation area
The edit and save functionality
The workflow connection
The automatic refresh


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Question:

In a payment run, the data entered for a payment method in the document may differ from the master data. How is this resolved by the system ?
Please choose the correct answer.

Response:

Document data overrides master data.
The payment run stops and the system issues an error message.
The payment run temporarily stops, and the system prompts you to correct the data. After you have corrected the data, the payment run continues.
Master data overrides document data.


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Question:

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

There are 3 correct answers to this question.

Response:

Chart of accounts
Reconciliation account
Currency
Valuation method
Valuation key


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Question:

Which stage of the sales process creates documents for both material management and financial accounting?

Please choose the correct answer.

Response:

shipping – delivery creation
sales order creation
billing
shipping- goods issue


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Question:

which activities does the regrouping program of receivables and payables support?

There are 2 correct answers to this question

Response:

regrouping of receivables and payables to accrual earnings or expense
regrouping open items based on changed reconsolidation accounts
regrouping and clearing open items for affiliated companies on customers and vendors
grouping receivables and payables by their remaining life


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Question:

Which interactive function is provided by the SAP List Viewer?
Please choose the correct answer.

Response:

Creation of subtotals for specific values
Creation of worklists
Use of the report-report interface
Mass reversal


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Question:

For which scenario can you use the cash journal?
Please choose the correct answer.

Response:

To manage cash in local branches and offices
To make remittances to vendors
To post incoming and outgoing payments in any transaction currency
To record documents that will not be included in the general ledger


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Question:

What is the segment that makes complete both customer and vendor accounts?
Please choose the correct answer.

Response:

Client.
Company Code.
Controlling Area.
Sales Area.
Purchasing Organization.


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Question:

You have posted an incorrect amount in Financial Accounting. How can you correct this?
There are 2 correct answers to this question.

Response:

Change the amount in the posted document.
Use a substitution to change the incorrect amount.
Delete the document.
Reverse the document by negative posting.
Reverse the document by normal reversal posting.


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Question:

Which steps are necessary to run a payment program?
There are 3 correct answers to this question.

Response:

Schedule print
Start transfer of open items to the payment program
Configure open item list
Maintain parameters
Start proposal run or payment run


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Question:

What is an independent fiscal year variant?
Please choose the correct answer.

Response:

It is a variant which the postings periods are only equal to the months of the year.
It is a variant which you can define different number of periods, according to the year.
It is a variant which each own fiscal year uses the same number of periods, and the postings periods always start and end at the same day of the year.
It is a variant which allows the use of different number of posting periods.
It is a variant not normally used because of its particularity.


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Question:

Which of the following statements are true?
There are 3 correct answers to this question.

Response:

Number ranges for customer/vendor accounts can overlap.
An one-time account is a special customer/vendor master record which a company rarely do business.
The account group is used to control the fields displayed in the master record.
If you enter an alternative payer, the amount to clear the open items due in the account is paid by the alternative payer.
One number range can only be assigned to one account group.


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Question:

Consider the following statements, Which of the following statements are true?

1) Accounts with open item management must have line item display activated.
2) You can activate or deactivate open item management everytime, even if the account hasn’t a zero balance.
3) You can select both local and foreign currencies as account currency.
4) If the account is the local currency, the account can only be posted to this currency.
5) When using the “Only Balances in Local Currency” indicator in the master data record, transaction figures are only managed for amounts translated into local currency.

There are 3 correct answers to this question.

Response:

1
2
3
4
5


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Question:

Which objects can be assigned to an asset master record with New General Ledger Accounting?
There are 3 correct answers to this question.

Response:

Profit center
Internal order
Account determination
Profitability segment
Segment

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