SAP ERP Financial Accounting (FI) Certifications PracticeExam - 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. 3 None of them. 2 1 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.