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

You got 59 of 80 possible points.

Your score was: 74 %

Question Results

Question: Score 1 of 1

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.

Please choose the correct answer.

Response:

None of them.

All of them.

Question: Score 0 of 1
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?

Please choose the correct answer.

Response:

P&L accounts

Balance sheet accounts

Accounts managed only on the basis of open items

Balance sheet and P&L accounts

Question: Score 0 of 1

which elements do you define when you create a new document type?

There are 2 correct answers to this question

Response:

number range for the document type

account types allowed for posting

reasons for reversal

posting keys for the document type

Question: Score 1 of 1
During reorganization, two cost centers are merged, and all future postings should go to only one of them.

If postings are made to the wrong cost center in future FI-postings, your customer wants to ensure that the wrong cost
center is automatically replaced by the correct one.

What will you recommend?

Please choose the correct answer.

Response:

Create a user-specific program to substitute the wrong cost centers automatically overnight.

Define two substitutions for the Line Item call-up point.

Define a validation in CO to ensure that the functional area is filled in the cost center master.

Define a substitution in FI with the wrong cost center as a prerequisite and the correct one as the substituted value.

Question: Score 1 of 1

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:

Hide, Display, Required Entry, Optional Entry

Required Entry, Optional Entry, Hide, Display

Optional Entry, Hide, Display, Required Entry

Display, Required Entry, Optional Entry, Hide

Question: Score 1 of 1

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

Please choose the correct answer.

Response:

Because you must enter the group account number in the chart of accounts segment of the operational account.

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 accounts with the account currency as local currency can only be posted to this local currency.

Because changes to existing G/L Accounts are effective as soon as they have been saved and
could have extensive consequences.

Question: Score 1 of 1

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

There are 2 correct answers to this question.

Response:

The same fiscal year is used for all company codes.

The same variant for open periods is used for all company codes.

The same currency is used for all company codes.

The same chart of accounts is used for all company codes.

Question: Score 0 of 1

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

Response:

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

Master data overrides document data.

Document data overrides master data.

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

Question: Score 1 of 1

which information do you maintain for house banks?

There are 3 correct answers to this question

Response:

information for electronic payments transactions

bank accounts for each house bank

customer and vendor accounts

information for electronic bank statements

general ledger accounts

Question: Score 1 of 1

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

Response:

Change the amount in the posted document.

Use a substitution to change the incorrect amount.

Reverse the document by negative posting.

Reverse the document by normal reversal posting.

Delete the document.

Question: Score 1 of 1

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.

Question: Score 1 of 1
which of the following can be defined as key figures?

There are 3 correct answers to this question

Response:

branch sales

plan and actual variance

plan and actual indicator

year and period

regional purchases

Question: Score 1 of 1

Which of the following status symbols are used in customer and vendor line item lists?
There are 3 correct answers to this question.

Response:

Overdue

Cleared

Not due

Parked

Open
Question: Score 1 of 1

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

Response:

Receivables and revenue account

Payables and revenue account

Payables and expense account

Receivables and expense account

Question: Score 1 of 1

what data is defined on the level of bank master data?

There are 2 correct answers to this question

Response:

payment and dunning information

A unique bank country and bank key

address data and control data

corresponding business partner

Question: Score 1 of 1
Consider the following sentences about field status:

1) Fields which _____________can be made____________.

2) Fields that can be entered, but are not required, can be set to _________entry

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

Response:

1) must have an entry / optional, 2) optional

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

1) must have an entry / required, 2) optional

1) must have an entry / suppressed, 2) suppressed

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

Question: Score 0 of 1

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:

Currency key

Field status variant

Document type

Posting key
Question: Score 0 of 1

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?

There are 2 correct answers to this question.

Response:

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.

Call the Depreciation Areas screen in the asset master and assign the key Z020 with validity start date of April 1st.

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.

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.

Question: Score 0 of 1

For the creation of drill down reports, what objects do you need to define?

there are 3 correct answers to this question

Response:

validations

ABAP code

forms
 key figures

Characteristics

Question: Score 1 of 1

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

Please choose the correct answer.

Response:

communication – language

dunning procedure

payment terms

payment method

Question: Score 1 of 1

Which fields can you maintain when entering an invoice document for a one-time customer?

Please choose the correct answer.

Response:

customer address and bank details

payment methods and bank details

Bank details and communication language

 Payment methods and communication language

Question: Score 0 of 1

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

Which features can you highlight?

There are 3 correct answers to this question.

Response:

You can assign the segment to the material master.

Segments are derived from profit centers in the standard system.

You can post in FI directly to a segment.

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.

Question: Score 1 of 1

Which of the following lists can be printed to help you edit a dunning proposal?
There are 2 correct answers to this question.

Response:

Sales statistics

Blocked line items

Condensed master data

 Blocked accounts

Question: Score 0 of 1

What do you define in Customizing for the payment program?

There are 2 correct answers to this question

Response:

available amounts

forms for the payment media

assignments for the profit center

prerequisites for the debit balance check

bank subaccounts

Question: Score 1 of 1

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?

Please choose the correct answer.

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 [email protected] to get 50% cashback.

Response:

create new tax codes with the 18% VAT percentage for input and output tax
 change the tax percentage for existing input tax codes to 18%

create new tax codes with 18% VAT percentage for input tax

Change the tax percentage for input and output tax codes to 18%

Question: Score 1 of 1

what needs to be maintained in Customizing to allow cross-company code transactions?

There are 3 correct answers to this question

Response:

posting authorizations

VAT accounts

clearing accounts

posting keys

field movement

Question: Score 1 of 1

which of the following accounts is assigned to the profit and loss section of the financial statement?

There are 2 correct answers to this question

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 [email protected] to get 50% cashback.

Response:
 depreciation

revenue

receivables

accumulated depreciation

Question: Score 1 of 1

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

Please choose the correct answer.

Response:

Basic data section, line item, and complete document

Basic data section, detailed data section, and line item

Document header, line item, and complete document

Document header, document type, and complete document

Question: Score 0 of 1

which of the following tasks are stages of dunning execution?

There are 2 correct answers to this question.

Response:

maintain te dunning levels

schedule the dunning intervals

 maintain the dunning parameters

schedule the dunning run

Question: Score 1 of 1

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:

To create mass change of offsetting days for existing activities

To run reconciliation between CO and FI

To perform day-to-day activities

To perform periodically recurring activities

Question: Score 1 of 1

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:

The field status of the activity.

The field status of the posting key.

The field status group of the reconciliation account.

 The field status of the customer account group.

Question: Score 0 of 1

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

There are 2 correct answers to this question

Response:

regrouping and clearing open items for affiliated companies on customers and vendors

grouping receivables and payables by their remaining life

regrouping open items based on changed reconsolidation accounts

regrouping of receivables and payables to accrual earnings or expense

Question: Score 1 of 1

You want to use foreign currency valuation in the ledger solution. Which objects are required in Customizing?

There are 3 correct answers to this question.

Response:

reply addresses for balance confirmation

account determinations

valuation areas

value adjustment keys

 accounting principles

Question: Score 1 of 1

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:

Sort variant

Depreciation area

Sort key

Valuation area

Question: Score 1 of 1

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:

Link to Change Requests

Manage Change Requests

Implement SAP Services

 Monitor Service Desk

Question: Score 1 of 1

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

Response:

Profit center

Internal order

Segment

Account determination

Profitability segment

Question: Score 1 of 1

How do you implement parallel accounting in Asset Accounting?

Please choose the correct answer.

Response:

By using two depreciation areas

By using two different charts of depreciation

By using two asset classes

 By using an extra chart of accounts

Question: Score 1 of 1

Identify the features of a Business Blueprint ?

There are 5 correct answers to this question.

Response:

Business process groups

Blueprint document

Business groups

Business scenarios

Blueprint structure

Associated items

Question: Score 1 of 1

your compant code uses USD as the company currency. You are trying to post to an account in EUR but get an error message
that you cannot post to this account.

What is the reason?

Please choose the correct answer.

Response:

the currency maintained in the account master record is USD

 the Only Balances in Local Currency indicator is set in the account

the account determination for exchange rate differences is missing for the account

the translation rate between EUR and USD is NOT maintained

Question: Score 1 of 1

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

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

Please choose the correct answer.

Response:

Partner bank account

Individual specifications

Clearing with vendor

Decentralized processing

Question: Score 1 of 1

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

Response:

Purchasing Organization.
 Client.

Controlling Area.

Sales Area.

Company Code.

Question: Score 1 of 1

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:

Question: Score 0 of 1

it is common for companies to receive invoices for the previous fiscal year at the beginning of the new fiscal year. Which
dates must have the same fiscal year in the document entry?

Please choose the correct answer

Response:
 posting date and asset value date

document date and asset value date

document date and posting date

depreciation calculation start date and document date

Question: Score 1 of 1

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

There are 3 correct answers to this question.

Response:

System Monitoring

Business Process Monitoring

User Level management

Service Level Management

Component Solution Monitoring

Question: Score 0 of 1

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

Please choose the correct answer.

Response:

it checks the depreciation lists and asset history and then posts depreciation

it generates the next available open period for each depreciation are

it checks whether the depreciation and asset balances are posted comprehensively

it carries out depreciation simulations and makes adjustment postings

Question: Score 1 of 1

Which of the following are interactive functions available in the SAP List Viewer?
There are 3 correct answers to this question.

Response:

Filters

Dual control

Master data modification

Summation

Sorting

Question: Score 1 of 1

What do you use the Closing Cockpit for?

Please choose the correct answer.

Response:
 To perform day-to-day activities

To create mass change of offsetting days for existing activities

To run reconciliation between CO and FI

To perform periodically recurring activities

Question: Score 0 of 1

You set up a new account group. Which Customizing settings for vendors can you control directly in this account group?

There are 2 correct answers to this question.

Response:

The company codes that can be used for the account group

The sensitive fields for dual control

The One-Time Account checkbox

The number range of master data accounts

The fields that are available during posting to vendor accounts

Question: Score 1 of 1

what limitation do you have to consider for the fiscal year variant assigned to the leading ledger of a company?

Please choose the correct answer.

Response:
 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 have 12 normal periods and up to 4 special periods (13 to 16 periods in total)

it must be the same as the posting period variant assigned to the company code

Question: Score 1 of 1

Sensitive fields have been defined and customized for vendor master data. For which of the following sensitive fields will an
update trigger dual control?

Please choose the correct answer.

Response:

Vendor account group

account group

IBAN

currency

Question: Score 1 of 1

what do you need to maintain in the financial statement versions in order to generate a financial statement?

There are 2 correct answers to this question.

Response:

the text describing the items

 the profit centers relevant to the report

the assignment to company codes

the assignment of the individual accounts.

Question: Score 0 of 1

Where can you block an open vendor invoice for payment?

There are 2 correct answers to this question

Response:

in the company code segment of the vendor master record

in customizing for sensitive fields

in the general segment of the vendor master record

in the invoice document during posting

Question: Score 0 of 1

You have been asked to copy a company code from an existing company code. Which existing objects can be assigned
automatically?

Please choose the correct answer.

Response:

Customer master data

Profit center groups

 G/L accounts

controlling areas

Question: Score 1 of 1

in your company code, document splitting is active. The splitting characteristic is the profit center.

All accounts are assigned. You post a vendor invoice with a single expense that needs to be posted to three cost centers. The
cost centers are all assigned to different profit centers. The expense is chaned with 10% VAT.

How many line items are created in the Entry View and how many are created in the General Ledger View?

Please choose the correct answer.

Response:

Entry View: 3 ; General Ledger View: 9

Entry View:5 ; General Ledger View: 9

Entry View:5 ; General Ledger View: 7

Entry View: 3 ; General Ledger View: 7

Question: Score 1 of 1

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

Response:

Set Up Payment Methods per Company Code for Payment Transactions

 Set Up Payment Methods per Country for Payment Transactions

Set Up All Company Codes for Payment Transactions

Set Up Paying Company Codes for Payment Transactions

Question: Score 0 of 1

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

Response:

You have maintained the currency exchange rates in the system.

You have updated the bank details section of the vendor.

You have created a company code segment in the vendor master.

You have set up a number range for the vendor invoice document type.

Question: Score 1 of 1

Which are the necessary steps to create a validation?

Please choose the correct answer.

Response:

Prerequisite, check, update, control

Prerequisite, check, message

Check, update, message

 Check, control, message

Question: Score 0 of 1

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:

Characteristics

A report header

A form

Variables

Question: Score 1 of 1

Which options are available to define the number range of a document?

There are 2 correct answers to this question.

Response:

Ledger group specific

Continuous

For every fiscal year variant

For every fiscal year

Question: Score 1 of 1

Since the line item display takes up additional system resources, you should only use it if there is no other way of looking at
the line items. So, you should not activate the line item display for the following accounts ?

There are 4 correct answers to this question.

Response:

Material Stock.

P+L Statement.

Revenue.

Reconciliation.

Tax.

Question: Score 1 of 1

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

Please choose the correct answer.

Response:

shipping- goods issue

shipping – delivery creation

sales order creation

 billing

Question: Score 0 of 1

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.

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

Activate transfer prices in Profit Center Accounting.

Deactivate document splitting for profit centers.

Question: Score 0 of 1

On which level are asset classes created?

Please choose the correct answer.

Response:

client

chart of depreciation

company code

ledger
Question: Score 1 of 1

Which steps are necessary to run a payment program?

There are 3 correct answers to this question.

Response:

Maintain parameters

Start proposal run or payment run

Start transfer of open items to the payment program

Configure open item list

Schedule print

Question: Score 1 of 1

Identify the features of the service desk?

There are 4 correct answers to this question.

Response:

Error handling

Managing SAP Notes

Customer solution database

Message handling process

Solution Manager diagnostics

SAP Help
Question: Score 1 of 1

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:

Number of the invoice to which the transaction belongs

Assignment

Amount in document currency

Item text

Question: Score 1 of 1

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

Response:

99

999

Unlimited

9999
Question: Score 1 of 1

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

There are 2 correct answers to this question.

Response:

Central procurement

Central payment

Central cash journal

Central currency valuation

Question: Score 1 of 1

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 company code segment and at least one cost element

A chart of accounts segment and at least one cost element

A chart of accounts segment and at least one functional area

Question: Score 1 of 1

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

Please choose the correct answer.
Response:

Centrally, in the chart of accounts segment

By making the change at the start of a new fiscal year

By making sure that the field status of the chart of accounts segment allows it

Individually, in the company code segment

Question: Score 0 of 1

you use the accounts approach for parallel valuation in a new G/L system. If you used the ledger approach instead, which
objects would be different?

There are 3 correct answers to this question

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 [email protected] to get 50% cashback.

Response:

Asset Classes

Leading Ledger

Financial Statement Version

Chart of Accounts

Depreciation Areas

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 document type

To determine the CO object

To determine the correct posting period

To determine debit and credit accounts

Question: Score 1 of 1

What happens when the debit balance check runs and a vendor is selected?

Please choose the correct answer.

Response:

the vendor is blocked for this payment run

the user is asked to change the parameters

the payment run stops and needs to be restarted

credits are paid and debits are blocked

Question: Score 1 of 1

Which of the following functions are interactive SAP List Viewer functions?

There are 3 correct answers to this question

Response:

sorting

multiplication

simulation

summation

filtering

Question: Score 0 of 1

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

There are 4 correct answers to this question.

Response:

Implementation Roadmap

Solution Management Roadmap

Solution Roadmap

Global Template Roadmap

Upgrade Roadmap

Download Roadmap
Question: Score 1 of 1

Which of the following statements are true?

There are 3 correct answers to this question.

Response:

Number ranges for customer/vendor accounts can overlap.

If you enter an alternative payer, the amount to clear the open items due in the account is paid by the alternative payer.

An one-time account is a special customer/vendor master record which a company rarely do business.

The account group is used to control the fields displayed in the master record.

One number range can only be assigned to one account group.

Question: Score 1 of 1

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

Please choose the correct answer.

Response:

payment block

document date

posting date

base date
Question: Score 1 of 1

Consider the following sentences about field status:

1) Fields which are _____________can be ____________.

2) Fields which have an entry that ________________can be set to _________only (even in change mode)

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

Response:

1) used/optional, 2) must be changed/display

1) not used/suppressed, 2) should not be changed /display

1) not used/optional, 2) should not be changed/suppressed

1) used/suppressed, 2) must be changed/display

1) not used/suppressed, 2) must be changed/display

Question: Score 1 of 1

You want to make the line item text field mandatory during document entry. What customizing objects can you maintain to
do this?

There are 2 correct answers to this question

Response:

posting key

account group

document type
 fields status group

Question: Score 1 of 1

To which of the following does an asset class apply?

Please choose the correct answer.

Response:

To all company codes in a client

To all company codes within a client, which share the same chart of accounts

To all company codes in an instance (client-independent)

To all company codes in a controlling area

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