C_TFIN52_67 SAP Certified Application Associate – Financial Accounting with SAP ERP 6.0 EhP7 – Certification Made Easy!!

Test your skills by taking this questionnaire and to figure out if you are ready to get trained and certified in SAP FICO.

1. Which of the following task types are supported by the Closing Cockpit or Schedule Manager? (Choose three)
a) Spreadsheets
b) Transactions
c) Reconciliation keys
d) Notes (as a reminder or milestone)
e) Programs with or without variant

2. Which of the following accounts are updated directly?
a) Accounts in the group chart of accounts
b) Accounts in the operating chart of accounts
c) Accounts in the master chart of accounts
d) Accounts in the country chart of accounts

3. To which of the following does an asset class apply?
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

4. 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)
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.

5. What are the prerequisites for setting up cross-company-code cost accounting? (Choose two)
a) The same fiscal year variant is used for all company codes.
b) The same currency is used for all company codes.
c) The same variant for open periods is used for all company codes.
d) The same chart of accounts is used for all company codes.

6. 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?
a) The document is posted.
b) A warning message is shown.
c) An error message is shown.
d) The Text field is hidden.

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
e) Company

8. Your company currently uses 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.

9. You have two house banks. Each house bank has three bank accounts. 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

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

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

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.

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.

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
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

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 are updated automatically, but have to be released by another user (dual control).
c) They are updated automatically.
d) They are not updated.

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 have 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.

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.

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

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.

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.

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.

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.
24. Which of the following are the main components of a drilldown report?
a) Characteristics and key figures
b) Characteristics and variables
c) Variables and general selection criteria
d) Variables and key figures

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 drilldown report.
c) Use the standard Financial Statements (RFBILA00) report.
d) Run a line item report.

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 account field.
d) You must calculate and input the profit or loss from the asset sale in a separate line during posting.
27. At which level is the vendor account number (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 client level
d) At company code segment level

28. A customer wants to use segment reporting on balance sheet 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

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

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

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.

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

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.
34. In a payment run, the data entered for a payment method in the document may differ from the master data) How does the system resolve this?
a) The payment run temporarily stops, and the system prompts you to correct the data) After you have corrected the data, the payment run continues.
b) The payment run stops and the system issues an error message.
c) Master data overrides document data.
d) Document data overrides master data.

35. Which of the following objects must you enter when posting an asset acquisition against a vendor?
(Choose three)
a) Document type
b) Fixed asset balance sheet account
c) Special G/L transaction
d) Asset master record
e) Transaction type

36. Which of the following is mandatory to make G/L accounts ready for posting?
a) A chart of accounts segment and at least one cost element
b) A company code segment and at least one cost element
c) A chart of accounts segment and at least one functional area
d) A chart of accounts segment and at least one company code segment
37. Your company uses only book depreciation and you activate the new depreciation engine) The book depreciation key Z010 curently used by an asset should be changed to Z020. The asset depreciation started two years ago, and depreciation for the current year has already been posted for the months of January, February, and March (monthly depreciation run). The change should take effect from April 1st. How can you implement this change? (Choose two)
a) Undo the depreciation postings for the asset in the current year. Then call the Depreciation Areas screen in the asset master and change the key from Z010 to Z020.
b) Call the Depreciation Areas screen in the asset master and assign the key Z020 with validity start date of April 1st.
c) Call the Depreciation Areas screen in the asset master and change the depreciation key from Z010 to Z020. Also change the ordinary depreciation start date to April 1st.
d) Create a new asset referencing the asset you want to change) On the Depreciation Areas screen, select depreciation key Z020. Then post an asset transfer from the existing asset to the new asset.

38. 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? (Choose three)
a) You can assign the segment to the asset master record.
b) You can assign a segment to a cost accounting object such as a cost center or internal order.
c) Segments are derived from profit centers in the standard system.
d) You can assign the segment to the material master.
e) You can post in FI directly to a segment.

39. How do you prevent duplicate vendors from being created? (Choose two)
a) Activate master data comparison for the vendor.
b) Activate message control for the duplicate vendor check.
c) Run the Vendor De-Duplication report.
d) Use matchcode to check whether the vendor already exists.

40. 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) ?
a) Separate dunning runs
b) Dunning areas
c) Dunning block reasons
d) Dunning keys

41. Which of the following describe characteristics of master data? (Choose two)
a) Master data is used on a long-term basis for multiple business processes.
b) Master data is typically assigned to organizational levels.
c) Master data must be assigned on company code level.
d) Master data cannot be changed after creation.
e) Master data is a template for transactional data.

42. You want to update the Search Term2 field in your customer master data, but the field does not appear in the maintenance transaction. Which field status definitions do you have to check and, if necessary, change in Customizing? (Choose two)
a) Field status definitions of activities
b) Field status definitions of company codes
c) Field status definition of the assigned reconciliation account
d) Field status definitions of account groups

43. How does SAP support impairment posting?
a) By using new transaction codes for retirements
b) By using Segment Reporting
c) By using worklists
d) By using special depreciation keys

44. In which Customizing activity do you decide which special G/L transactions are to be paid
automatically via the payment program?
a) Set Up Payment Methods per Company Code for Payment Transactions
b) Set Up Paying Company Codes for Payment Transactions
c) Set Up All Company Codes for Payment Transactions
d) Set Up Payment Methods per Country for Payment Transactions

45. You want to capitalize an asset under construction (Auc) using the line item settlement process. However, the settlement does not work. What could be the reasons for this? (Choose three)
a) There is no settlement profile assigned to the company code.
b) The AuC has not been released with the status “Technically Complete”.
c) The status of the AuC is set to “Summary Management”.
d) The Depreciation Engine is not active.
e) The settlement profile does not allow assets as valid receivers.
46. 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?
a) The term of payment entered in the credit memo is ignored during clearing.
b) The term of payment entered in the credit memo is replaced by the term of payment from the last valid customer invoice.
c) An error occurs.
d) The term of payment entered in the credit memo is used during clearing.

47. In the Data Entry view, what is the maximum number of line items in a single FI document?
a) 9999
b) 999
c) Unlimited
d) 99

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

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

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

51. How do you implement parallel accounting in Asset Accounting?
a) By using two asset classes
b) By using an extra chart of accounts
c) By using two depreciation areas
d) By using two different charts of depreciation

52. You set up a new account group. Which Customizing settings for vendors can you control directly in this account group? (Choose two)
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
53. You are testing the payment program. The payment run has been executed) When you look
at the program log you notice that the payment method check shows that part of the address is missing from the vendor master. In Customizing for payment programs, where can you see which data is mandatory?
a) Paying company codes for payment transactions
b) Company code data for the payment methods
c) Country data for the payment methods
d) Bank account determination

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

55. 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?
a) Head office and branch account
b) Single bank account
c) Alternative payer/payee
d) Cash management group
56. What does the posting key control? (Choose three)
a) Debit/credit indicator
b) Account type
c) Number range
d) Field status (of posting key)
e) Document type

57. The field status definitions from the account group and the transaction are considered for each field. The field status definition with the higher priority is used) Which priority sequence, going from the highest to the lowest, is correct?
a) Optional Entry, Hide, Display, Required Entry
b) Hide, Display, Required Entry, Optional Entry
c) Required Entry, Optional Entry, Hide, Display
d) Display, Required Entry, Optional Entry, Hide

58. What are the call-up points for validations in FI?
a) Document header, line item, and complete document
b) Basic data section, line item, and complete document
c) Basic data section, detailed data section, and line item
d) Document header, document type, and complete document

59. 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?
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.

60. 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?
a) Currency key
b) Tolerance group
c) Document type
d) Field status variant

61. Which interactive function is provided by the SAP List Viewer?
a) Creation of subtotals for specific values
b) Creation of worklists
c) Use of the report-report interface
d) Mass reversal

62.Special G/L transactions can be divided into which types? (Choose three)
a) Document parking
b) Interest
c) Free offsetting entry
d) Automatic offsetting entry
e) Noted item

63. On which level do you define depreciation keys?
a) Company code
b) Chart of accounts
c) Asset class
d) Chart of depreciation

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

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

66. Which transactions in the procurement process with valuated goods receipt create documents in FI? (Choose two)
a) Create purchase requisition
b) Create purchase order
c) Post valuated goods receipt
d) Enter invoice receipt

67. What options do you have for posting an asset acquisition? (Choose three)
a) Asset acquisition integrated with accounts payable
b) Asset acquisition using a clearing account
c) Asset acquisition posted via the payment program
d) Asset acquisition posted via the accrual engine
e) Asset acquisition posted from Materials Management

68. Your customer wants to clear minor payment differences for incoming payments automatically.
Which objects do you have to use to fulfill this requirement?
a) Tolerance groups for employees and tolerance groups for document types
b) Tolerance groups for employees and tolerance groups for customers/vendors
c) Tolerance groups for G/L accounts and tolerance groups for employees
d) Tolerance groups for G/L accounts and tolerance groups for customers/vendors

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

70. Which of the following activities generates an FI document if real-time integration between CO and FI has been set up? (Choose two)
a) A test run for the settlement run of an asset under construction to a G/L account
b) A subsequent change of a segment in a CO document
c) An assessment between cost centers in one company code with different functional areas
d) An assessment between cost centers that belong to two different company codes
e) A distribution between cost centers that reside in two different controlling areas

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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

72. Which characteristics of account determination can be used to assign realized exchange rate differences to different G/L accounts? (Choose three)
a) Chart of accounts
b) Reconciliation account
c) Currency
d) Valuation method
e) Valuation key

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 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.

74. A multinational enterprise acquires a company in a country which has local reporting requirements. The multinational enterprise wants to use one operational chart of account 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.

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

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

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.

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 drilldown 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

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.

80. You want to use external number assignment 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.

81. 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:
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.

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

83. 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:
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.

84. Which of the following objects can you post to via the cash journal?
There are 2 correct answers to this question.
Response:
a) Asset master
b) Accrual Engine
c) Customer
d) One-time customer
e) Material master

85. About BAPI (Business Application Programming Interface) , what is true?
There are 5 correct answers to this question.
Response:
a) It is a well-defined interface providing access to processes and data of business application
systems.
b) BAPIs offer a stable, standardized interface for integrating third-party applications and
components in the Business Framework.
c) A BAPI is assigned to one and only one business object.
d) In the R/3 Enterprise version (4)7) we can use BAPI to create an internal order inside a customized ABAP program.
e) A business object in the Business Object Repository (BOR) can have many methods from which one or several are implemented as BAPIs.
F. An open architecture for cross-platform development of client/server applications based on objectoriented technology.

86. 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?
Response:
a) Head office and branch account
b) Single bank account
c) Alternative payer/payee
d) Cash management group

87. Which objects can be assigned to an asset master record with New General Ledger Accounting?
There are 3 correct answers to this question.
Response:
a) Profit center
b) Internal order
c) Account determination
d) Profitability segment
e) Segment
88. 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?
There are 2 correct answers to this question.
Response:
a) Reconciliation account for account type Bank
b) Line item display
c) P&L statement account
d) Post automatically only
e) Open item management

89. What is the purpose of account determination in the accrual engine?
There are 2 correct answers to this question.
Response:
a) To determine the document type
b) To determine the CO object
c) To determine debit and credit accounts
d) To determine the correct posting period

90. 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:
a) 1
b) 2
c) 3
d) 4
e) None of them.

91. Which are the correct series of steps in the payment program?
Please choose the correct answer.
Response:
a) CD Maintain parameters, Proposal run, Printing Payment Media, Execute a payment run CD.
b) Proposal run, Maintain parameters, Printing Payment Media, Execute a payment run CD.
c) Proposal run, Execute a payment run, Printing Payment Media, Maintain parameters CD.
d) Maintain parameters, Printing Payment Media, Proposal run, Execute a payment run CD.
e) Maintain parameters, Proposal run, Execute a payment run, Printing Payment Media.

92. Which of the following lists can be printed to help you edit a dunning proposal?
There are 2 correct answers to this question.
Response:
a) Condensed master data
b) Blocked accounts
c) Blocked line items
d) Sales statistics

93. Which of the following statements are true?
There are 3 correct answers to this question. Response:
a) The “Only Balances in Local Currency” indicator must not be set in reconciliation accounts for
customers or vendors.
b) The “Only Balances in Local Currency” indicator is usually set in balance sheet accounts that are not managed in foreign currencies and not managed on an open item basis.
c) Accounts with a foreign currency as an account currency can be posted to any currency.
d) You can use a group chart of accounts for internal purposes.
e) The usage of a financial statement version for the group chart of accounts is optional.

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

95. Identify the benefits of SAP Solution Manager? There are 5 correct answers to this question.
Response:
a) More leverage from IT investments
b) Reduced cost of implementation
c) Reduced ROI
d) More reliable IT solutions
e) Faster ROI
f) Reduced cost of operation

96. 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:
a) Chart of accounts
b) Reconciliation account
c) Currency
d) Valuation method
e) Valuation key

97. Your customer runs an SAP ERP system with New General Ledger Accounting activated) What do you need to do for Profit Center updates to be part of the general ledger?
Please choose the correct answer. Response:
a) Activate transfer prices in Profit Center Accounting.
b) Set up the same group currency for all company codes and profit centers.
c) Deactivate document splitting for profit centers.
d) Assign the Profit Center Update scenario to the ledger.

98. 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:
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

99. Which of the following are interactive functions available in the SAP List Viewer?
There are 3 correct answers to this question.
Response:
a) Dual control
b) Sorting
c) Master data modification
d) Summation
e) Filters

100. 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:
a) Client
b) Fiscal Year
c) Business Area
d) Company Code

101. 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:
a) Depreciation area
b) Sort key
c) Sort variant
d) Valuation area

102. 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:
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.

103. What characteristics are configured as standard for every customer/vendor account?
There are 2 correct answers to this question.
Response:
a) Line Item Display.
b) Company Code.
c) Currency.
d) Open Item Management.
e) Purchasing Organization.

104. What does the SAP Web AS provide?
Please choose the correct answer.
Response:
a) J2EE and ABAP in a single environment
b) Real-time data exchange with all SAP systems
c) Master data harmonization across SAP NetWeaver
d) Storage of all transactional documents in one single database

105. Which of the following is mandatory to make G/L accounts ready for posting?
Please choose the correct answer. Response:
a) A chart of accounts segment and at least one cost element
b) A company code segment and at least one cost element
c) A chart of accounts segment and at least one functional area
d) A chart of accounts segment and at least one company code segment

106. The field status definitions from the account group and the transaction are considered for each field. The field status definition with the higher priority is used.
Which priority sequence, going from the highest to the lowest, is correct?
Please choose the correct answer.
Response:
a) Optional Entry, Hide, Display, Required Entry
b) Hide, Display, Required Entry, Optional Entry
c) Required Entry, Optional Entry, Hide, Display
d) Display, Required Entry, Optional Entry, Hide

107. Which Customizing settings can you make for payment terms?
There are 3 correct answers to this question.
Response:
a) Determine a default payment method for the line item
b) Determine whether a payment term is valid only for the vendor, only for the customer, or for both customer and vendor
c) Determine a default currency code for the header of the accounting document
d) Determine that invoices are locked for dunning
e) Determine that invoices are locked for payment

108. 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:
a) Profit Center Reorganization
b) Segment Reorganization
c) Profit Center Update Scenario
d) Segment Reporting

109. Which transactions in the procurement process with valuated goods receipt create documents in FI?
There are 2 correct answers to this question.
Response:
a) Enter invoice receipt
b) Create purchase requisition
c) Create purchase order
d) Post valuated goods receipt

110. A customer wants to use segment reporting on balance sheet and P/L accounts.
Which business function do you recommend?
Please choose the correct answer.
Response:
a) Special Purpose Ledger
b) Profitability Analysis
c) New General Ledger Accounting
d) Profit Center Accounting

111. 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:
a) Item text
b) Assignment
c) Amount in document currency
d) Number of the invoice to which the transaction belongs

112. Identify the steps in the ASAP (Accelerated SAP) Methodology.
There are 5 correct answers to this question.
Response:
a) Roll out
b) Go Live & Support
c) Final Preparation
d) Realization
e) Project Preparation
f). Business Blueprint

113. Which of the following accounts are updated directly?
Please choose the correct answer. Response:
a) Accounts in the group chart of accounts
b) Accounts in the operating chart of accounts
c) Accounts in the master chart of accounts
d) Accounts in the country chart of accounts

114. What is the maximum number of line items of an FI document?
Please choose the correct answer. Response:
a) Unlimited
b) 999
c) 99
d) 9999

115. 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:
a) The term of payment entered in the credit memo is ignored during clearing.
b) The term of payment entered in the credit memo is replaced by the term of payment from the last valid customer invoice.
c) An error occurs.
d) The term of payment entered in the credit memo is used during clearing.

116. What are the necessary elements required to create a customer-specific drilldown report for New General Ledger Accounting?
There are 2 correct answers to this question.
Response:
a) A form
b) Characteristics
c) Variables
d) A report header

117. 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:
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.

118. How do you implement parallel accounting in Asset Accounting?
Please choose the correct answer.
Response:
a) By using two asset classes
b) By using an extra chart of accounts
c) By using two depreciation areas
d) By using two different charts of depreciation

119. A company code is…
Please choose the correct answer.
Response:
a) An independent accounting entity (the smallest organization element for which a complete selfcontained set of accounts can be drawn up).
b) An organizational unit in an enterprise that represents a closed system used for cost accounting purposes.
c) An organizational unit that provides an additional evaluation level for the purpose of segment reporting, for example.
d) A dependent accounting entity,
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

123. 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:
a) Currency key
b) Document type
c) Posting key
d) Field status variant

124. A customer is running SAP ERP 6.0 with New General Ledger Accounting.
For which purpose can they use the Closing Cockpit?
Please choose the correct answer.
Response:
a) To create mass change of offsetting days for existing activities
b) To perform periodically recurring activities
c) To run reconciliation between CO and FI
d) To perform day-to-day activities

125. 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:
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.

126. For which scenario can you use the cash journal?
Please choose the correct answer.
Response:
a) To manage cash in local branches and offices
b) To make remittances to vendors
c) To post incoming and outgoing payments in any transaction currency
d) To record documents that will not be included in the general ledger
Answer: A
127. What do you use the Closing Cockpit for?
Please choose the correct answer.
Response:
a) To perform periodically recurring activities
b) To run reconciliation between CO and FI
c) To perform day-to-day activities
d) To create mass change of offsetting days for existing activities
128. 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:
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.

129. What can we define into the chart of accounts customizing transaction (OB13 transaction)?
There are 4 correct answers to this question.Response:
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.

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130. Which SAP NetWeaver component realizes cross-system application processes?
Please choose the correct answer. Response:
a) SAP Enterprise Portal (SAP EP)
b) SAP Exchange Infrastructure (SAP XI)
c) SAP Master Data Management (SAP MDM)
d) SAP Business Warehouse (SAP BW)

131. Which of the following objects can be used to derivate segments automatically?
Response:
a) Profit center
b) G/L account
c) Functional area
d) Cost center

132. Which of the following describe characteristics of master data?
There are 2 correct answers to this question.
Response:
a) Master data is used on a long-term basis for multiple business processes.
b) Master data is typically assigned to organizational levels.
c) Master data must be assigned on company code level.
d) Master data cannot be changed after creation.
e) Master data is a template for transactional data.

133. What do you define when you configure a dunning procedure?
Please choose the correct answer.
Response:
a) Dunning levels and the language of the dunning note
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 dunning charges for each dunning level

134. Which of the following statements are true?
There are 3 correct answers to this question.
Response:
a) Every company code that needs to use an account from the assigned chart of accounts has to
create its own company code segment.
b) For P+L statement accounts, the balance is carried forward to the same account.
c) In the chart of accounts segment, it is necessary to indicate whether the account will be a balance sheet or a profit + loss statement account.
d) Number intervals for G/L account master records can overlap.
It is not possible to influence the appearance of an account’s master data.

135. Which SAP NetWeaver component ensures company-wide unification of data and information in heterogeneous IT environments?
Please choose the correct answer.
Response:
a) Web Application Server (AS)
b) Enterprise Portal
c) Master Data Management
d) Integration Broker

136. You can configure different types of Chart of Accounts in the ERP system. Which one of the following are TRUE Chart of Accounts?
There are 3 correct answers to this question.
Response:
a) Group chart of accounts
b) Country-specific chart of accounts
c) Operating chart of accounts
d) Plant-specific chart of accounts
137. While posting a G/L document, two different field statuses (for the posting key and the G/L account) have an impact on the posting.
What happens if one field status is set to Required Entry and the other one to Hidden Entry?
Please choose the correct answer.
Response:
a) The field will be hidden.
b) The document can be posted anyway.
c) The field will be available for entry.
d) An error message will occur.
138. In the Data Entry view, what is the maximum number of line items in a single FI document?
Please choose the correct answer. Response:
a) 9999
b) 999
c) Unlimited
d) 99

139. 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 have been posted within the current month. How can you create this type of report?
Please choose the correct answer.
Response:
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.
140. Which of the following status symbols are used in customer and vendor line item lists?
There are 3 correct answers to this question.
Response:
a) Parked
b) Cleared
c) Overdue
d) Open
e) Not due

141. In the New General Ledger Accounting, how would you incorporate companies with different fiscal years if you wanted to assign them to the same controlling area?
Please choose the correct answer.
Response:
a) Use the same fiscal year variant for all company codes and do a reversible close for the company codes that have different fiscal years.
b) Create company codes with different fiscal year variants and assign them to the same group
company for reporting purposes.
c) Create company codes with the same fiscal year variant and assign the company codes that have a different fiscal year to non-leading ledgers with the appropriate fiscal year variant.
d) Use the same fiscal year variant for all company codes and set up parallel accounting for company codes that have different fiscal years.

142. You are testing the payment program. The payment run has been executed) When you look at the program log you notice that the payment method check shows that part of the address is missing from the vendor master.
In Customizing for payment programs, where can you see which data is mandatory?
Please choose the correct answer.Response:
a) Paying company codes for payment transactions
b) Company code data for the payment methods
c) Country data for the payment methods
d) Bank account determination

143. What does the year-end closing program do in Asset Accounting?
There are 2 correct answers to this question.
Response:
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.

144. Which elements of a customer account are created when you maintain the account decentralized in Financial Accounting?
Please choose the correct answer.
Response:
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

145. At which level is the vendor account number (master record) assigned?
Please choose the correct answer.
Response:
a) At the client level
b) At a combination of client and purchasing organization segment level
c) At the company code segment level
d) At a combination of client and company code segment level

146. Consider the following statements, Which of them are false?
1) You cannot use the country chart of accounts if you desire to use the cross-company code
controlling.
2) The disadvantage of using country chart of accounts is the accounting clerks who may be familiar with the country chart of accounts first have to get used to using the operational chart of accounts.
3) Reconciliation accounts are updated on a daily basis.
Please choose the correct answer.
Response:
a) 1 and 2
b) 1 and 3
c) 2 and 3
d) All of them
e) None of them

147. What elements of a customer account are created when you maintain the account decentralized in Financial Accounting?
Please choose the correct answer.
Response:
a) General data and sales area data
b) General data, company code data, and purchasing organization data
c) General data and company code data
d) General data, company code data, and sales area data

148. Which factors determine the fiscal year variant you would assign to a company code?
There are 2 correct answers to this question.
Response:
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

149. Identify the main areas of the Implementation Roadmap from the items listed below?
There are 3 correct answers to this question.
Response:
a) Accelerator area
b) Viewing / Text area
c) Roadmap structure Attachments area
d) IMG area

150. How do you prevent duplicate vendors from being created?
There are 2 correct answers to this question.
Response:
a) Activate master data comparison for the vendor.
b) Activate message control for the duplicate vendor check.
c) Run the Vendor De-Duplication report.
d) Use matchcode to check whether the vendor already exists.

151. What is the disadvantage of using the group chart of accounts?
Please choose the correct answer.
Response:
a) Because changes to existing G/L Accounts are effective as soon as they have been saved and
could have extensive consequences.
b) Because accounts with the account currency as local currency can only be posted to this local
currency.
c) Because the company codes use different operational chart of accounts, you cannot carry out
cross-company code controlling.
d) Because the group chart of accounts must be assigned to each operational chart of accounts.
e) Because you must enter the group account number in the chart of accounts segment of the
operational account.

152. You want to capitalize an Asset under Construction (Auc) using the line item settlement process. However, the settlement does not work. What could be the reason?
There are 3 correct answers to this question.
Response:
a) The AuC has not been released.
b) There is no settlement profile assigned to the company code.
c) The settlement profile does not allow assets as valid receivers.
d) The status of the AuC is set to Summary Management.
e) The Depreciation Engine is not active.

153. When parking a document, which of the following occurs in the system?
Please choose the correct answer.
Response:
a) The document number is assigned and transaction figures are updated.
b) The document number is not assigned and transaction figures are not updated.
c) The document number is assigned but transaction figures are not updated.
d) The document number is not assigned but transaction figures are updated.

154. Which of the following are the main components of a drilldown report?
Please choose the correct answer.
Response:
a) Characteristics and key figures
b) Characteristics and variables
c) Variables and general selection criteria
d) Variables and key figures
155. Which of the following activities generates an FI document if real-time integration between CO and FI has been set up?
There are 2 correct answers to this question.
Response:
a) A test run for the settlement run of an asset under construction to a G/L account
b) A subsequent change of a segment in a CO document
c) An assessment between cost centers in one company code with different functional areas
d) An assessment between cost centers that belong to two different company codes
e) A distribution between cost centers that reside in two different controlling areas

156. What additional options does parking documents offer compared to holding documents?
There are 2 correct answers to this question.
Response:
a) A parked document can be posted using a workflow.
b) A parked document can be changed and posted by another user, thereby supporting the principle of dual control.
c) A parked document can be posted via automatic speech recognition.
d) A parked document can be posted cross-client to minimize the Total Cost of Ownership (TCO).

157. A customer wants to define a chart of depreciation. How do you recommend setting up depreciation areas?
Please choose the correct answer. Response:
a) Based on company codes
b) Based on the relevant chart of accounts
c) Based on the aims of internal or external reporting
d) Based on relevant currencies

158. What are the advantages of the Payment Medium Workbench (PMW)?
There are 3 correct answers to this question. Response:
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.

159. You want to use the same set of values for a specific criterion in several reports.
What is the easiest way to accomplish this?
Please choose the correct answer.
Response:
a) Enter the values, save them as a variant, and use this variant in all the reports.
b) Create a D variable containing the values and use it in all the reports.
c) Create a selection variable containing the values and use it in all the reports.
d) Create a set containing the values and use it in all the reports.

160. Which object has to be used to avoid a change of the reconciliation account in the customer’s master data?
Please choose the correct answer. Response:
a) The field status of the customer account group.
b) The field status of the posting key.
c) The field status group of the reconciliation account.
d) The field status of the activity.

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