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

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Total 160 questions
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SAP Certified Application Associate - Financial Accounting with SAP ERP 6.0 EhP7 Questions and Answers

Question 1

At which level is the vendor account number (master record) assigned?

Options:

A.

At a combination of client and company code segment level

B.

At a combination of client and purchasing organization segment level

C.

At client level

D.

At company code segment level

Question 2

Identify the main areas of the Implementation Roadmap from the items listed below?

There are 3 correct answers to this question.

Response:

Options:

A.

Accelerator area

B.

Viewing / Text area

C.

Roadmap structure Attachments area

D.

IMG area

Question 3

Which factors determine the fiscal year variant you would assign to a company code?

There are 2 correct answers to this question.

Response:

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 4

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:

Options:

A.

Set up a new exchange rate type and assign it to a valuation method.

B.

Assign a valuation method to all customer master records that you want to valuate.

C.

Set up a valuation method and assign it to a valuation area.

D.

Set up the Valuation Cockpit to perform this task.

Question 5

In a payment run, the data entered for a payment method in the document may differ from the master dat

a. How is this resolved by the system?

Please choose the correct answer.

Response:

Options:

A.

Document data overrides master data.

B.

The payment run stops and the system issues an error message.

C.

The payment run temporarily stops, and the system prompts you to correct the data. After you have corrected the data, the payment run continues.

D.

Master data overrides document data.

Question 6

What are the advantages of the Payment Medium Workbench (PMW)?

There are 3 correct answers to this question.

Response:

Options:

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.

Question 7

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 8

Consider the following sentences, Which of these combinations is true?

1) A base currency can be assigned to an exchange rate type.

2) To deal with exchange rate spreads, two very efficient combinations of the exchange rate tools are using a base currency for the average rate (M) and using the exchange rate spreads to calculate the buying and selling rates (B and G).

3) A base currency can be used for an average, a buying or a selling rate.

4) The relations between currencies have to be maintained per exchange rate type and currency pair in the translation factors.

Please choose the correct answer.

Response:

Options:

A.

1, 3 and 4

B.

1, 2 and 4

C.

2, 3 and 4

D.

1, 2 and 3

E.

1, 2, 3 and 4

Question 9

What are the prerequisites for posting a vendor invoice in Financial Accounting? (Choose two)

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 10

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?

Options:

A.

Profit Center Reorganization

B.

Segment Reorganization

C.

Profit Center Update Scenario

D.

Segment Reporting

Question 11

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:

Options:

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.

Question 12

Which activity has an impact on the net book value of an asset?

Options:

A.

Changing the account determination

B.

Changing the useful life of the asset

C.

Changing the assigned cost center

D.

Changing the assigned WBS element

Question 13

Which function can you use to generate inter-company posting documents? (Choose two)

Options:

A.

Intercompany asset transfer

B.

Central currency valuation

C.

Central payment

D.

Intercompany dunning

Question 14

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?

Please choose the correct answer.

Response:

Options:

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.

Question 15

You post a G/L document. For the Text field, the field status of the posting key is set to Required Entry and the field status of the G/L account is set to Hidden Entry. What happens during posting?

Options:

A.

The document is posted.

B.

A warning message is shown.

C.

An error message is shown.

D.

The Text field is hidden.

Question 16

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 17

If a vendor is also a customer, which settings are necessary to clear both roles against each other? (Choose two)

Options:

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 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.

Question 18

Your customer sells products and services. They have to separate the invoices into invoices for products and invoices for services. Which object do you have to use to create dunning notices dependent on the division (product or service)?

Options:

A.

Separate dunning runs

B.

Dunning areas

C.

Dunning block reasons

D.

Dunning keys

Question 19

In the Data Entry view, what is the maximum number of line items in a single FI document?

Options:

A.

9999

B.

999

C.

Unlimited

D.

99

Question 20

The organizational units of Financial Accounting are used for external reporting purposes that is, they fulfill requirements that your business is subject to from external parties (e.g. legal regulations) Which of the following Organizational units are Mandatory in an ERP system with Fl?

There are 3 correct answers to this question.

Response:

Options:

A.

Client

B.

Fiscal Year

C.

Business Area

D.

Company Code

Question 21

What are the benefits of using the accrual engine? (Choose three)

Options:

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.

Question 22

What does the year-end closing program do in Asset Accounting? (Choose two)

Options:

A.

It opens new annual value fields for each asset.

B.

It checks whether depreciation and assets are fully posted.

C.

It checks whether the previous year has been closed in Financial Accounting.

D.

It checks whether assets contain errors or are incomplete.

Question 23

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 24

Which line item field is filled automatically by the sort key field of a master record (G/L account, customer, or vendor)?

Please choose the correct answer.

Response:

Options:

A.

Item text

B.

Assignment

C.

Amount in document currency

D.

Number of the invoice to which the transaction belongs

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