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

Question: Score 0 of 1

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.

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:

9999

99

999

Unlimited

Question: Score 1 of 1

On which level do you define depreciation keys?

Please choose the correct answer.

Response:

Company code
 Chart of accounts

Asset class

Chart of depreciation

Question: Score 1 of 1

What is a benefit of a drilldown report?

Please choose the correct answer.

Response:

The workflow connection

The edit and save functionality

The navigation area

The automatic refresh

Question: Score 1 of 1

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:

Amount in document currency

Item text
 Assignment

Number of the invoice to which the transaction belongs

Question: Score 0 of 1

Which steps are necessary to run a payment program?

There are 3 correct answers to this question.

Response:

Start proposal run or payment run

Schedule print

Start transfer of open items to the payment program

Maintain parameters

Configure open item list

Question: Score 0 of 1

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 ?
There are 2 correct answers to this question.

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.

Question: Score 1 of 1

Which are the necessary steps to create a validation?

Please choose the correct answer.

Response:

Prerequisite, check, message

Check, update, message

Check, control, message

Prerequisite, check, update, control

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 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

Question: Score 0 of 1

How does SAP support impairment posting?

Please choose the correct answer.

Response:

By using worklists

By using Segment Reporting

By using new transaction codes for retirements

By using special depreciation keys

Question: Score 0 of 1

You want to use external number assignment for specific document types. What is the special feature of external number
assignment?

Please choose the correct answer.

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.

Question: Score 0 of 1

which function is offered in drilldown reports with the Report-to Report interface?

Please choose the correct answer.

Response:

call up a transition

download to a spreadsheet

forward to another user

change to graphical output

Question: Score 0 of 1

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 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.

Question: Score 1 of 1

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

Please choose the correct answer.

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

Question: Score 1 of 1

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

Please choose the correct answer.

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.
Question: Score 0 of 1

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:

P&L statement account

Post automatically only

Line item display

Reconciliation account for account type Bank

Open item management

Question: Score 0 of 1

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

There are 2 correct answers to this question.

Response:

Central cash journal

Central procurement

Central payment

Central currency valuation

Question: Score 1 of 1

how can you avoid the creation of duplicate vendor master data?

Please choose the correct answer.

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

Question: Score 1 of 1

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.

Please choose the correct answer.

Response:

1 and 3

1 and 2

2
 3

Question: Score 1 of 1

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

Question: Score 1 of 1

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

Please choose the correct answer.

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

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:

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.

Question: Score 1 of 1

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?

Please choose the correct answer.

Response:

use the SAP Fiori interface

complete year-end closing

 migrate to new G/L accounting

migrate to an SAP HANA database

Question: Score 1 of 1

When parking a document, which of the following occurs in the system?

Please choose the correct answer.

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.

Question: Score 1 of 1

What do you define when you configure a dunning procedure?

Please choose the correct answer.

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

Question: Score 1 of 1

A customer wants to use document splitting to enable balance sheets by segments. How do you set up the document split?
There are 2 correct answers to this question.

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.

Question: Score 1 of 1

What are the benefits of using the accrual engine?

There are 3 correct answers to this question.

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.
Question: Score 1 of 1

Identify the features of the service desk?

There are 4 correct answers to this question.

Response:

Managing SAP Notes

SAP Help

Solution Manager diagnostics

Message handling process

Error handling

Customer solution database

Question: Score 1 of 1

Which infrastructure supports core business solutions in four subcomponents including people integration, information
integration, process integration, and application platform ?

Please choose the correct answer.

Response:

SAP Exchange Infrastructure

SAP Business Process Management

SAP Web AS

SAP NetWeaver
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:

posting keys for the document type

account types allowed for posting

reasons for reversal

number range for the document type

Question: Score 1 of 1

Down payments can be posted using a special G/L transaction. What is the main benefit of this functionality?
Please choose the correct answer.

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.

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 / 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

Question: Score 0 of 1

Which functions are provided by the Reclassify Payables/Receivables closing activity?

There are 2 correct answers to this question.

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

Question: Score 1 of 1

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:

Paying company codes for payment transactions

Bank account determination

Country data for the payment methods

Company code data for the payment methods

Question: Score 1 of 1

Which transactions in the procurement process with valuated goods receipt create documents in FI?
There are 2 correct answers to this question.

Response:

Create purchase order

Create purchase requisition

Enter invoice receipt

Post valuated goods receipt

Question: Score 0 of 1
What do you define when you set up a depreciation area?
Please choose the correct answer.

Response:

The company code in Asset Accounting

The posting to the general ledger

The account determination

The asset number ranges

Question: Score 1 of 1

which of the following can be defined as key figures?

There are 3 correct answers to this question

Response:

plan and actual indicator

regional purchases

year and period

plan and actual variance

branch sales

Question: Score 1 of 1
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:

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.

Question: Score 0 of 1

In your leading ledger (ledger solution), balance sheets must be created for company codes and segments. Which
Customizing settings do you need to make?
There are 2 correct answers to this question.

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.

Question: Score 0 of 1

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:

Profit Center Accounting

Profitability Analysis

Special Purpose Ledger

New General Ledger Accounting

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 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

Question: Score 0 of 1

what is the correct order of steps to set up the Financial Closing Cockpit?
Please choose the correct answer.

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

Question: Score 1 of 1

you have entered a head office in your vendor master record. What is the consequence?

Please choose the correct answer.

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

Question: Score 1 of 1

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:

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.

Question: Score 1 of 1

What is a SAP Business Object ?

Please choose the correct answer.

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.

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 1 of 1

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 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.
Question: Score 1 of 1

Which of the following is one of the benefits of document parking?

Please choose the correct answer.

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.

Question: Score 0 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

accounting principles

value adjustment keys

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 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.

Question: Score 0 of 1

Which of the following factors determine field status for vendors?

Please choose the correct answer.

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

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 assignment to company codes

the profit centers relevant to the report

the text describing the items

the assignment of the individual accounts.

Question: Score 0 of 1

what is controlled by the terms of payment?

There are 2 correct answers to this question

Response:

setting for net procedure

allowed account type

determination of the baseline date

default payment method

account for cash discount received

Question: Score 1 of 1

Identify the steps in the ASAP (Accelerated SAP) Methodology.

There are 5 correct answers to this question.
Response:

Business Blueprint

Roll out

Realization

Project Preparation

Final Preparation

Go Live & Support

Question: Score 0 of 1

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 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
Question: Score 0 of 1

Which SAP NetWeaver component ensures company-wide unification of data and information in heterogeneous IT
environments?

Please choose the correct answer.

Response:

Master Data Management

Web Application Server (AS)

Integration Broker

Enterprise Portal

Question: Score 0 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:

accumulated depreciation

receivables

revenue

depreciation
Question: Score 1 of 1

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?
Please choose the correct answer.

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

Question: Score 0 of 1

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

Question: Score 0 of 1

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:

2, 3 and 4

1, 2 and 4

1, 2 and 3

1, 3 and 4

1, 2, 3 and 4

Question: Score 1 of 1

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 purchasing organization data

General data and sales area data

 General data, company code data, and sales area data

General data and company code data

Question: Score 1 of 1

which new Customizing object requires you to reconfigure the depreciation areas in new Asset Accounting?

Please choose the correct answer.

Response:

Chart of accounts

accounting principles

asset classes

valuation areas

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:

Profitability segment

Internal order

Account determination

Profit center
 Segment

Question: Score 1 of 1

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 ?

Please choose the correct answer.

Response:

Currency key

Document type

Field status variant

Tolerance group

Question: Score 0 of 1

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?

Please choose the correct answer.

Response:

Profit center

Functional area
 Business area

Company code

Question: Score 0 of 1

Which Customizing settings can you make for payment terms?

There are 3 correct answers to this question.

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

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:

sales order creation

shipping- goods issue

 billing

shipping – delivery creation

Question: Score 1 of 1

A customer wants to define a chart of depreciation. How do you recommend setting up depreciation areas?
Please choose the correct answer.

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

Question: Score 1 of 1

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?

Please choose the correct answer.

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.

Question: Score 1 of 1

which elements do you need to enter during document posting to distinguish between international and local Generally
Accepted Accounting Principles (GAAP)?

There are 2 correct answers to this question

Response:

Accounts for the Account Approach

Ledger Groups for the Ledger Approach

Ledger for the Ledger Approach

Account Groups for the Account Approach

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 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

Question: Score 1 of 1

Which functions can you use to generate inter-company posting documents?

There are 2 correct answers to this question.

Response:

Central currency valuation

Intercompany asset transfer

Intercompany dunning

Central payment

Question: Score 0 of 1

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:

None of them.
 2

Question: Score 0 of 1

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?

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:

area posts in real-time

Area posts APC and depreciation periodically

area posts APC only directly

area posts APC directly and depreciation periodically

Question: Score 1 of 1

what do you need to configure in order to create a correspondence type?

There are 2 correct answers to this question

Response:
 form

tolerance group

print program

variables

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 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.

Question: Score 0 of 1

You receive a payment where the difference from the posted invoice is larger than the stated tolerance limit. How can you
deal with this?
There are 2 correct answers to this question.

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.

Question: Score 1 of 1

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 areas

Dunning keys

Separate dunning runs

Dunning block reasons

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:

All of them.

None of them.

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