SAP ERP Financial Accounting (FI) Certifications Practice

Exam - Mini
You got 35 of 40 possible points.
Your score: 88 %
Question Results
Score 1 of 1

Question:

For reports in Asset Accounting, which object do you have to use and, where
necessary, customize to determine the sort level and/or the summation level ?
Please choose the correct answer.

Response:

Depreciation area

Sort key

Valuation area

Sort variant

Score 1 of 1

Question:

ERP offers enterprise centric functionality (general ledger, payroll, order entry) to
integrate core, internal processes. About the definition of ERP and e-business
functionalities, we can say that...
There are 4 correct answers to this question.

Response:

About Business Model, ERP can be considered as enterprise centric and e-business, as extended an
collaborative.
 ERP is SAP R/3, while e-business is mySAP.com.

About Processes, ERP can have them integrated, core within enterprises and collaborative, beyond
company boundaries.

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.

Score 1 of 1

Question:

Which objects can be assigned to an asset master record ?

There are 3 correct answers to this question

Response:

Profit center

Cost center

Profitability segment

Internal order

WBS element

Score 1 of 1

Question:

You have entered a non-invoice-related credit memo and selected the term of
payment "Net due 30 days". The Invoice Reference field is empty (it contains
neither a document number nor a V).
What effect does this have on the term of payment ?
Please choose the correct answer.

Response:

The term of payment is valid.

The term of payment is invalid.

An error occurs.

The term of payment is copied from the last valid invoice of the customer.

Score 1 of 1

Question:

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

Response:

Cash discount periods

Interest calculation

Baseline date for due date calculation

Cash discount percentage rates

Cash flow calculation

Score 1 of 1
Question:

What does the fiscal year variant control ?

There are 2 correct answers to this question.

Response:

The number of special periods available in addition to the normal periods

The number of periods (up to 16 posting periods including special periods)

The open periods (a period interval for closing and another for day-to-day business)

The number of periods (up to 52 posting periods and special periods)

Score 1 of 1

Question:

SAP Solution Manager provides support throughout the life cycle of solutions -
which common usage scenario is missing from the list of usage scenarios below ?

 (Implement SAP Solutions)

 (Monitor SAP Solutions)
 (Manage Service Desk)
 (Link to SAP Services)
 (Upgrade SAP Solutions)

Please choose the correct answer.

Response:

Implement SAP Services

Link to Change Requests

Monitor Service Desk

 Manage Change Requests

Score 1 of 1

Question:

How do you prevent duplicate vendors from being created ?

There are 2 correct answers to this question.

Response:

Activate message control for the duplicate vendor check.

Use matchcode to check whether the vendor already exists.

Run the Vendor De-Duplication report.

Activate master data comparison for the vendor.

Score 1 of 1

Question:

Which parameters do you have to specify if you want to execute a payment run ?
There are 2 correct answers to this question.

Response:

Currency

Payment method

Company code
 Bank account

Score 1 of 1

Question:

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

Response:

Head office and branch account

Cash management group

Alternative payer/payee

Single bank account

Score 1 of 1

Question:

Which postings are created by the depreciation posting run ?

There are 2 correct answers to this question.

Response:

Transfer of deprecations to cost center planning

Postings to the depreciation accounts in the General Ledger

Book and cost accounting depreciations to assets

 Year-to-date depreciation on current assets

Score 1 of 1

Question:

What are the benefits of using the accrual engine ?

There are 3 correct answers to this question.

Response:

The accrual engine calculates the accrual amounts automatically.

The accrual engine supports parallel accounting.

The accrual engine can simulate planned future accruals.

The accrual engine can correct accruals in the previous month even if that period is closed.

The accrual engine is client-independent.

Score 1 of 1

Question:

Which of the following is a typical process sequence in Product Sale from Stock ?
Please choose the correct answer.

Response:

Purchase requisition -> Billing -> Transport/Goods receipts -> Dunning and payment

Purchase requisition -> Delivery/Transport -> Dunning and payment -> Billing

Incoming order -> Transport/Delivery -> Billing -> Dunning and payment
 Incoming order -> Goods receipts/Transport -> Dunning and payment -> Billing

Score 0 of 1

Question:

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?
Please choose the correct answer.

Response:

Define number ranges for the new company code.

Set a second number range for all document types.

No additional settings are necessary.

Allow all document types for the new company code.

Score 1 of 1

Question:

Which field of the line item will be filled automatically by the sort key field of a
master record (G/L account, customer, or vendor)?
Please choose the correct answer.

Response:

Amount in document currency

Assignment

Number of the invoice to which the transaction belongs

 Item text

Score 1 of 1

Question:

What do you use the Closing Cockpit for ?

Please choose the correct answer.

Response:

To perform periodically recurring activities

To create mass change of offsetting days for existing activities

To perform day-to-day activities

To run reconciliation between CO and FI

Score 1 of 1

Question:

A vendor sends an invoice to a company which contains expenses for two company
codes. You post the vendor item to the receiving company code, then the expense,
and finally a cross-charge to the other company code.
How are the taxes posted?
Please choose the correct answer.

Response:

Taxes are posted to the company code where the larger part of the expense is posted.

Taxes are posted to the company code where the vendor item is posted.

Taxes are not posted automatically, and will therefore have to be posted manually.
 Taxes are posted to both company codes in proportion to the expenses.

Score 1 of 1

Question:

Which SAP NetWeaver component realizes cross-system application processes ?

Please choose the correct answer.

Response:

SAP Business Warehouse (SAP BW)

SAP Enterprise Portal (SAP EP)

SAP Exchange Infrastructure (SAP XI)

SAP Master Data Management (SAP MDM)

Score 1 of 1

Question:

Which of the following objects can you post to via the cash journal ?
There are 2 correct answers to this question.

Response:

Asset master

Customer

Material master

Accrual Engine
 One-time customer

Score 1 of 1

Question:

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 ?
Please choose the correct answer.

Response:

Business areas, functional areas, segments, profit centers, user IDs

Cost centers, business areas, functional areas, segments, tax codes

Segments, profit centers, cost centers, business areas, functional areas

Profit centers, cost centers, business areas, functional areas, divisions

Score 1 of 1

Question:

Your customer wants all items that are posted to their customer account to be
transferred to their headquarters automatically.
Which function do you have to use to fulfill this requirement ?
Please choose the correct answer.

Response:

Receivables reclassification

Head office and branch account

 One-Time account

Alternative Payer/Payee

Score 1 of 1

Question:

Which of the following is mandatory to make G/L accounts ready for posting ?
Please choose the correct answer.

Response:

A chart of accounts segment and at least one company code segment

A chart of accounts segment and at least one cost element

A company code segment and at least one cost element

A chart of accounts segment and at least one functional area

Score 0 of 1

Question:

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:

Enter a value adjustment key in the customer master.

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

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

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

Score 1 of 1

Question:

Which account assignment objects can be maintained directly in the asset master
data in SAP ERP 6.0 EhP5 (Enhancement Package 5) with new G/L activated ?
There are 2 correct answers to this question.

Response:

Asset network

Depreciation center

Profit center

Segment

Score 1 of 1

Question:

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:

Plant-specific chart of accounts

Country-specific chart of accounts

 Operating chart of accounts

Group chart of accounts

Score 1 of 1

Question:

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 ?
Please choose the correct answer.

Response:

A warning message is shown.

The document is posted.

An error message is shown.

The Text field is hidden.

Score 0 of 1

Question:

Which characteristics of account determination can be used to assign realized

exchange rate differences to different G/L accounts ?
There are 3 correct answers to this question.

Response:

Valuation key

Valuation method
 Reconciliation account

Currency

Chart of accounts

Score 1 of 1

Question:

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

Response:

Client.

Purchasing Organization.

Controlling Area.

Sales Area.

Company Code.

Score 1 of 1

Question:

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:
 An assessment between cost centers that belong to two different company codes

A test run for the settlement run of an asset under construction to a G/L account

A subsequent change of a segment in a CO document

An assessment between cost centers in one company code with different functional areas

A distribution between cost centers that reside in two different controlling areas

Score 1 of 1

Question:

Your customer has two company codes in the same client. Each company code has
a different operational chart of accounts. The customer has a country-specific
chart of accounts for each company code. How does this influence how you create
customer master records ?
Please choose the correct answer.

Response:

You have to create customer master records for each chart of accounts.

You have to create one master record for each customer.

You have to create customer master records for each country-specific chart of accounts.

You have to create customer master records for each credit control area.

Score 1 of 1

Question:
Which are the necessary steps to create a validation ?
Please choose the correct answer.

Response:

Check, control, message

Prerequisite, check, message

Prerequisite, check, update, control

Check, update, message

Score 1 of 1

Question:

How does SAP support impairment posting ?

Please choose the correct answer.

Response:

By using new transaction codes for retirements

By using worklists

By using Segment Reporting

By using special depreciation keys

Score 1 of 1

Question:

Consider the following sentences about the direct quotation, what is the correct
option ?
1) It is also known as price notation.
2) The currency value is expressed in units of the foreign currency per unit of local
currency
3) For direct quotation, the prefix to indicate the rate is "/".
Please choose the correct answer.

Response:

All of them.

None of them.

Score 1 of 1

Question:

In the Data Entry view, what is the maximum number of line items in a single FI
document ?
Please choose the correct answer.

Response:

Unlimited

99

9999
 999

Score 0 of 1

Question:

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

Response:

General data, company code data, and sales area data

General data and company code data

General data, company code data, and purchasing organization data

General data and sales area data

Score 1 of 1

Question:

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) ?
Please choose the correct answer.

Response:

Dunning keys

Separate dunning runs

 Dunning block reasons

Dunning areas

Score 1 of 1

Question:

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:

Assign the Profit Center Update scenario to the ledger.

Deactivate document splitting for profit centers.

Activate transfer prices in Profit Center Accounting.

Set up the same group currency for all company codes and profit centers.

Score 0 of 1

Question:

In which life cycle scenarios is the SAP Solution Manager used ?

There are 3 correct answers to this question.

Response:

Scoping

Retirement
 Implementation

Operations

Optimization

Score 1 of 1

Question:

Identify the main areas of the Implementation Roadmap from the items listed
below ?
There are 3 correct answers to this question.

Response:

Viewing / Text area

Accelerator area

IMG area

Roadmap structure Attachments area

Score 1 of 1

Question:

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:

The AuC has not been released.

The status of the AuC is set to Summary Management.

There is no settlement profile assigned to the company code.

The settlement profile does not allow assets as valid receivers.

The Depreciation Engine is not active.