SAP Certified Application Associate - Financial Accounting With SAP ERP - Full

SAP Certified Application Associate - Financial Accounting with SAP ERP - Full
You got 50 of 80 possible points.

Your score was: 63 %
Question Results
Question: Score 1 of 1
What is the purpose of account determination in the accrual engine?

There are 2 correct answers to this question.
Response:
To determine the correct posting period
To determine the document type
To determine the CO object
To determine debit and credit accounts
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:
Use the same fiscal year variant for all company codes and set up parallel accounting for company codes that have different fiscal
years.
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.
Create company codes with different fiscal year variants and assign them to the same group company for reporting purposes.
Use the same fiscal year variant for all company codes and do a reversible close for the company codes that have different fiscal
years.
In the Data Entry view, what is the maximum number of line items in a single FI document?
Response:
9999
99
999
Unlimited
On which level do you define depreciation keys?

Response:
Company code
Chart of accounts
Asset class
Chart of depreciation
What is a benefit of a drilldown report?
Response:
The workflow connection
The edit and save functionality
The navigation area
The automatic refresh
Which line item field is filled automatically by the sort key field of a master record (G/L account, customer, or vendor)?
Response:
Amount in document currency
Item text
Assignment
Number of the invoice to which the transaction belongs
Which steps are necessary to run a payment program?

Response:
Start proposal run or payment run
Schedule print
Start transfer of open items to the payment program
Maintain parameters
Configure open item list
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 ?
Response:
Create different FSVs based on the needs of the target group.
Create one FSV, then save different variants based on the needs of the various groups.
Create different versions of the same FSV.
Create one FSV and enhance it with different sets of notes.
Which are the necessary steps to create a validation?

Response:
Prerequisite, check, message
Check, update, message
Check, control, message
Prerequisite, check, update, control
What happens when the debit balance check runs and a vendor is selected?
Response:
the user is asked to change the parameters
the payment run stops and needs to be restarted
the vendor is blocked for this payment run
credits are paid and debits are blocked

How does SAP support impairment posting?

Response:
By using worklists
By using Segment Reporting
By using new transaction codes for retirements
By using special depreciation keys
You want to use external number assignment for specific document types. What is the special feature of external number
assignment?
Response:
The number ranges can be used across all company codes.
The system issues the numbers automatically.
The number ranges can overlap.
The numbers can be alphanumeric.

which function is offered in drilldown reports with the Report-to Report interface?
Response:
call up a transition
download to a spreadsheet
forward to another user
change to graphical output
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?
Response:
The AuC has not been released.
The Depreciation Engine is not active.
The settlement profile does not allow assets as valid receivers.
The status of the AuC is set to Summary Management.
There is no settlement profile assigned to the company code.

What are the call-up points for validations in FI?

Response:
Document header, document type, and complete document
Document header, line item, and complete document
Basic data section, detailed data section, and line item
Basic data section, line item, and complete document
What is the disadvantage of using the group chart of accounts?

Response:
Because the group chart of accounts must be assigned to each operational chart of accounts.
Because the company codes use different operational chart of accounts, you cannot carry out cross-company code controlling.
Because you must enter the group account number in the chart of accounts segment of the operational account.
Because changes to existing G/L Accounts are effective as soon as they have been saved and
could have extensive consequences.
Because accounts with the account currency as local currency can only be posted to this local currency.
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?
Response:
P&L statement account
Post automatically only
Line item display
Reconciliation account for account type Bank
Open item management
Which functions can be used to generate inter-company posting documents?

Response:
Central cash journal
Central procurement
Central payment
Central currency valuation

how can you avoid the creation of duplicate vendor master data?
Response:
mark the VAT Registration Number in the field status group as required
execute the master data comparison reports RFKKAG00 and RFDKAG00
mark the VAT Registration Number as a sensitive field
use match codes and activate the automatic duplication check
Consider the following sentences, which of them is false?
1) The variant principle is a three-step method used in R/3 to assign special properties to one or more R/3 objects.
2) One of the disadvantages to use variants is that it can't deal with the maintenance of properties, which are common among several
business objects.
3) For using the variant principle, you must define the variant, populate it with values and assign it to the R/3 objects.
4) This principle is used for Fiscal Years, Posting Periods and so on.
Response:
1 and 3
1 and 2
2
3
which information do you maintain for house banks?
There are 3 correct answers to this question
Response:
bank accounts for each house bank
customer and vendor accounts
information for electronic payments transactions
information for electronic bank statements
general ledger accounts
At which level is the vendor account number (master record) assigned?

Response:
At the client level
At the company code segment level

At a combination of client and purchasing organization segment level
At a combination of client and company code segment level
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 ?
Response:
Master data overrides document 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.
Document data overrides master data.
you have an SAP ERP 6.0 system with classic G/L accounting. What do you need to do before you install the SAP Simple
Finance add-on?
Response:
use the SAP Fiori interface
complete year-end closing

migrate to new G/L accounting
migrate to an SAP HANA database
When parking a document, which of the following occurs in the system?

Response:
The document number is assigned and transaction figures are updated.
The document number is assigned but transaction figures are not updated.
The document number is not assigned but transaction figures are updated.
The document number is not assigned and transaction figures are not updated.
What do you define when you configure a dunning procedure?

Response:
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
Dunning charges for each dunning level and customers to be dunned

A customer wants to use document splitting to enable balance sheets by segments. How do you set up the document split?
Response:
Define splitting rules.
Define a non-leading ledger for the split documents.
Assign the splitting method to the transaction variant.
Assign all document types to business transactions and business transaction variants.
What are the benefits of using the accrual engine?

Response:
The accrual engine supports parallel accounting.
The accrual engine can simulate planned future accruals.
The accrual engine calculates the accrual amounts automatically.
The accrual engine is client-independent.
The accrual engine can correct accruals in the previous month even if that period is closed.
Identify the features of the service desk?

Response:
Managing SAP Notes
SAP Help
Solution Manager diagnostics
Message handling process
Error handling
Customer solution database
Which infrastructure supports core business solutions in four subcomponents including people integration, information
integration, process integration, and application platform ?
Response:
SAP Exchange Infrastructure
SAP Business Process Management
SAP Web AS
SAP NetWeaver
which elements do you define when you create a new document type?
Response:
posting keys for the document type
account types allowed for posting
reasons for reversal
number range for the document type
Down payments can be posted using a special G/L transaction. What is the main benefit of this functionality?
Response:
It automatically clears down-payment requests.
It automatically creates the final invoice and clears down-payments against it.
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.
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?
Response:
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
1) must not have an entry / optional, 2) suppressed
Which functions are provided by the Reclassify Payables/Receivables closing activity?

Response:
Credit check and rating of open items
Open item analysis for liquidity forecast
Adjustment postings for changed reconciliation accounts
Automatic correction of bad debits or credits
Regrouping and sorting of payables and receivables

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 ?
Response:
Paying company codes for payment transactions
Bank account determination
Country data for the payment methods
Company code data for the payment methods
Which transactions in the procurement process with valuated goods receipt create documents in FI?
Response:
Create purchase order
Create purchase requisition
Enter invoice receipt
Post valuated goods receipt
What do you define when you set up a depreciation area?
Response:
The company code in Asset Accounting
The posting to the general ledger
The account determination
The asset number ranges
which of the following can be defined as key figures?
Response:
plan and actual indicator
regional purchases
year and period
plan and actual variance
branch sales
Your customer wants to add a new company code and asks you to make the configuration settings for document types and
number ranges. What do you have to do?
Response:
Set a second number range for all document types.
Allow all document types for the new company code.
No additional settings are necessary.
Define number ranges for the new company code.
In your leading ledger (ledger solution), balance sheets must be created for company codes and segments. Which
Customizing settings do you need to make?
Response:
Assign the Segment Reporting scenario to your leading ledger.
Define a retained earnings account.
Activate cost of sales accounting.
Define two retained earnings accounts and assign them to your P&L accounts.
A customer wants to use segment reporting on balance sheet and P/L accounts. Which business function do you
recommend?
Response:
Profit Center Accounting
Profitability Analysis
Special Purpose Ledger
New General Ledger Accounting
The government announces that it plans to change the basic VAT tax percentages from 20% to 18%. What do you have to do
in the system in order to comply?
Note: Answers of this question are not verified by our experts, please study yourself and select the appropriate answers.
Contribute: Please send the correct answers with reference text/link on feedback@sapexam.com to get 50% cashback.
Response:
create new tax codes with 18% VAT percentage for input tax
Change the tax percentage for input and output tax codes to 18%
change the tax percentage for existing input tax codes to 18%
create new tax codes with the 18% VAT percentage for input and output tax
what is the correct order of steps to set up the Financial Closing Cockpit?
Response:
1. Create tasks 2. Define dependencies 3.create template 4. Create task list
1 create template 2. Create tasks 3.create task list 4.define dependencies
1. Create tasks 2. Define dependencies 3. Create task list 4. Create template
1.create template 2. Create tasks 3. Define dependencies 4.create task list
you have entered a head office in your vendor master record. What is the consequence?
Response:
all correspondence with the branch is automatically sent to the head office, too
the bank details of the branch account are automatically updated with the bank data of the head office account
all items posted to the branch account are automatically transferred to the head office account
the branch account is automatically assigned to the same account group as the head office account
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 ?
Response:
The term of payment entered in the credit memo is replaced by the term of payment from the last valid customer invoice.
The term of payment entered in the credit memo is used during clearing.
An error occurs.
The term of payment entered in the credit memo is ignored during clearing.
What is a SAP Business Object ?

Response:
It is a sequence of dialog steps that are consistent in a business context and that belong together logically.
It is the instanced class of the Class Builder.
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 all the transaction data generated via transactions.
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.
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:
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...
Response:
About Processes, ERP can have them integrated, core within enterprises and collaborative, beyond company boundaries.
ERP is SAP R/3, while e-business is mySAP.com.
ERP is mySAP Financials and mySAP HR.
About Architecture, ERP can be considered as an integrated system and e-business, as an integrated system and an open integration
platform.
About Business Model, ERP can be considered as enterprise centric and e-business, as extended and collaborative.
Which of the following is one of the benefits of document parking?

Response:
It enables technically incomplete documents to be posted.
It enables the use of the dual control principle.
It provides a user friendly way of changing posted documents.
It enables individual document numbers to be assigned.
You want to use foreign currency valuation in the ledger solution. Which objects are required in Customizing?
Response:
reply addresses for balance confirmation
account determinations
valuation areas
accounting principles
value adjustment keys

What are the prerequisites for setting up cross-company cost accounting?

Response:
The same chart of accounts is used for all company codes.
The same currency is used for all company codes.
The same fiscal year is used for all company codes.
The same variant for open periods is used for all company codes.
Which of the following factors determine field status for vendors?

Response:
Transaction, chart of accounts, and company code
Account group, transaction, and chart of accounts
Account group, chart of accounts, and company code
Account group, transaction, and company code
what do you need to maintain in the financial statement versions in order to generate a financial statement?
Response:
the assignment to company codes
the profit centers relevant to the report
the text describing the items
the assignment of the individual accounts.
what is controlled by the terms of payment?
Response:
setting for net procedure
allowed account type
determination of the baseline date
default payment method
account for cash discount received
Identify the steps in the ASAP (Accelerated SAP) Methodology.

Response:
Business Blueprint
Roll out
Realization
Project Preparation
Final Preparation
Go Live & Support
Which of the following activities generates an FI document if real-time integration between CO and FI has been set up?
Response:
A subsequent change of a segment in a CO document
An assessment between cost centers that belong to two different company codes
A distribution between cost centers that reside in two different controlling areas
A test run for the settlement run of an asset under construction to a G/L account
An assessment between cost centers in one company code with different functional areas
Which SAP NetWeaver component ensures company-wide unification of data and information in heterogeneous IT
environments?
Response:
Master Data Management
Web Application Server (AS)
Integration Broker
Enterprise Portal
which of the following accounts is assigned to the profit and loss section of the financial statement?
Response:
accumulated depreciation
receivables
revenue
depreciation
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?
Response:
Three – one for each bank account
One for all postings
Two – one for each house bank
Six – one for each combination of house bank and bank account
what can you edit in the payment proposal?
There are 3 corrects answers to this question
Response:
assignment to another house bank
cash discount for each line item
payment data in customer or vendor master record
payable amount for a down payment
payment block for an open item

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.
Response:
2, 3 and 4
1, 2 and 4
1, 2 and 3
1, 3 and 4
1, 2, 3 and 4
What elements of a customer account are created when you maintain the account decentralized in Financial Accounting?
Response:
General data, company code data, and purchasing organization data
General data and sales area data

General data, company code data, and sales area data
General data and company code data
which new Customizing object requires you to reconfigure the depreciation areas in new Asset Accounting?
Response:
Chart of accounts
accounting principles
asset classes
valuation areas
Which objects can be assigned to an asset master record with New General Ledger Accounting?
Response:
Profitability segment
Internal order
Account determination
Profit center
Segment
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 ?

Response:
Currency key
Document type
Field status variant
Tolerance group
You are asked to set up the accounting structure to facilitate segment reporting based on the SAP standard segmentation
scenario.
Which organizational unit can be used to derive the segment?
Response:
Profit center
Functional area
Business area
Company code
Which Customizing settings can you make for payment terms?

Response:
Determine a default payment method for the line item
Determine a default currency code for the header of the accounting document
Determine that invoices are locked for payment
Determine whether a payment term is valid only for the vendor, only for the customer, or for both customer and vendor
Determine that invoices are locked for dunning
Which stage of the sales process creates documents for both material management and financial accounting?
Response:
sales order creation
shipping- goods issue

billing
shipping – delivery creation
A customer wants to define a chart of depreciation. How do you recommend setting up depreciation areas?
Response:
Based on the aims of internal or external reporting
Based on the relevant chart of accounts
Based on company codes
Based on relevant currencies
you have 50euro debit and 80 euro credit on an account. This account is assigned to the assets side in a financial statement
version, with the debit indicator and the credit indicator set.
How is this shown on the balance sheet?
Response:
the balance is shown on the liabilities side
50 euro is shown on the liabilities side and 80 euro is shown on the assets side
50 euro is shown on the assets side and 80 euro is shown on the liabilities side
the balance is shown on the assets side.
which elements do you need to enter during document posting to distinguish between international and local Generally
Accepted Accounting Principles (GAAP)?
Response:
Accounts for the Account Approach
Ledger Groups for the Ledger Approach
Ledger for the Ledger Approach
Account Groups for the Account Approach
what limitation do you have to consider for the fiscal year variant assigned to the leading ledger of a company?
Response:
it must have 12 normal periods and up to 4 special periods (13 to 16 periods in total)
it must be the same for all ledgers that are used by the company code
it must match all other company codes assigned to the same controlling area
it must be the same as the posting period variant assigned to the company code
Which functions can you use to generate inter-company posting documents?

Response:
Central currency valuation
Intercompany asset transfer
Intercompany dunning
Central payment
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.
Response:
None of them.
2
you are using the accounts approach to parallel valuation and classic Asset Accounting. You need to create a new financial
statement version to keep track of the group valuation based on IFRS principles.
In asset accounting, what posting options can you choose for the new depreciation area?
Response:
area posts in real-time
Area posts APC and depreciation periodically
area posts APC only directly
area posts APC directly and depreciation periodically
what do you need to configure in order to create a correspondence type?
Response:
form
tolerance group
print program
variables
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?

Response:
You can assign a segment to a cost accounting object such as a cost center or internal order.
You can assign the segment to the asset master record.
You can post in FI directly to a segment.
Segments are derived from profit centers in the standard system.
You can assign the segment to the material master.
You receive a payment where the difference from the posted invoice is larger than the stated tolerance limit. How can you
deal with this?
Response:
Post the difference to an account assigned to a reason code.
Post the difference as a residual item.
Increase the tolerance limit manually while posting the document.
Split the received payment so that it falls below the tolerance limit.
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)?
Response:
Dunning areas
Dunning keys
Separate dunning runs
Dunning block reasons
Consider the following sentences about the indirect quotation, what is the correct option?
1) It is also known as volume notation.
2) The currency value is expressed in the local currency per unit of foreign currency
3) For indirect quotation, there is no prefix to difference between direct quotation.
Response:
All of them.
None of them.
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SAP Certified Application Associate - Financial Accounting with SAP ERP - Full

You got 50 of 80 possible points.

What is the purpose of account determination in the accrual engine?

To determine the correct posting period

To determine the document type

To determine the CO object

To determine debit and credit accounts

On which level do you define depreciation keys?

What is a benefit of a drilldown report?

Please choose the correct answer.

The workflow connection

The edit and save functionality

The navigation area

The automatic refresh

Amount in document currency

Number of the invoice to which the transaction belongs

Which steps are necessary to run a payment program?

Start proposal run or payment run

Start transfer of open items to the payment program

Configure open item list

Create different FSVs based on the needs of the target group.

Create one FSV and enhance it with different sets of notes.

Which are the necessary steps to create a validation?

Prerequisite, check, message

Check, update, message

Check, control, message

Prerequisite, check, update, control

Please choose the correct answer.

the user is asked to change the parameters

the payment run stops and needs to be restarted

the vendor is blocked for this payment run

credits are paid and debits are blocked

How does SAP support impairment posting?

By using Segment Reporting

By using new transaction codes for retirements

By using special depreciation keys

Please choose the correct answer.

The number ranges can be used across all company codes.

The system issues the numbers automatically.

The number ranges can overlap.

The numbers can be alphanumeric.

Please choose the correct answer.

forward to another user

change to graphical output

There are 3 correct answers to this question.

The AuC has not been released.

The Depreciation Engine is not active.

The settlement profile does not allow assets as valid receivers.

The status of the AuC is set to Summary Management.

There is no settlement profile assigned to the company code.

What are the call-up points for validations in FI?

Document header, document type, and complete document

Document header, line item, and complete document

Basic data section, detailed data section, and line item

Basic data section, line item, and complete document

What is the disadvantage of using the group chart of accounts?

There are 2 correct answers to this question.

P&L statement account

Post automatically only

Line item display

Reconciliation account for account type Bank

Open item management

Which functions can be used to generate inter-company posting documents?