SAP C_TFIN52_66 Associate - Financial Accounting Exam Set 2

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


Options are :

  • Centrally, in the chart of accounts segment (Correct)
  • By making sure that the field status of the chart of accounts segment allows this
  • Individually, in the company code segment
  • By making the change at the start of a new fiscal year

Answer : Centrally, in the chart of accounts segment

Which of the following is mandatory to make G/L accounts ready for posting?


Options are :

  • A chart of accounts segment and at least one functional area
  • 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 company code segment (Correct)

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

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


Options are :

  • The fields that are available during posting to vendor accounts
  • The number range of master data accounts (Correct)
  • The sensitive fields for dual control
  • The One-Time Account checkbox (Correct)

Answer : The number range of master data accounts The One-Time Account checkbox

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?


Options are :

  • 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 replaced by the term of payment from the last valid customer invoice.
  • The term of payment entered in the credit memo is ignored during clearing. (Correct)

Answer : The term of payment entered in the credit memo is ignored during clearing.

In the Data Entry view, what is the maximum number of line items in a single FI document?


Options are :

  • 9999
  • 99
  • 999 (Correct)
  • Unlimited

Answer : 999

How do you prevent duplicate vendors from being created? (Choose two)


Options are :

  • Use matchcode to check whether the vendor already exists (Correct)
  • Activate message control for the duplicate vendor check. (Correct)
  • Activate master data comparison for the vendor.
  • Run the Vendor De-Duplication report.

Answer : Use matchcode to check whether the vendor already exists Activate message control for the duplicate vendor check.

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


Options are :

  • Document header, document type, and complete document
  • Document header, line item, and complete document (Correct)
  • Basic data section, line item, and complete document
  • Basic data section, detailed data section, and line item

Answer : Document header, line item, and complete document

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? (Choose three)


Options are :

  • Segments are derived from profit centers in the standard system (Correct)
  • You can assign the segment to the asset master record. (Correct)
  • You can post in FI directly to a segment. (Correct)
  • 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 material master.

Answer : Segments are derived from profit centers in the standard system You can assign the segment to the asset master record. You can post in FI directly to a segment.

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?


Options are :

  • Cash management group
  • Alternative payer/payee
  • Single bank account
  • Head office and branch account (Correct)

Answer : Head office and branch account

What are the benefits of using the accrual engine? (Choose three)


Options are :

  • . The accrual engine can simulate planned future accruals. (Correct)
  • The accrual engine supports parallel accounting. (Correct)
  • The accrual engine calculates the accrual amounts automatically. (Correct)
  • The accrual engine is client-independent
  • The accrual engine can correct accruals in the previous month even if that period is closed.

Answer : . The accrual engine can simulate planned future accruals. The accrual engine supports parallel accounting. The accrual engine calculates the accrual amounts automatically.

Which functions are provided by the Reclassify Payables/Receivables closing activity? (Choose two)


Options are :

  • Open item analysis for liquidity forecast
  • Regrouping and sorting of payables and receivables (Correct)
  • Adjustment postings for changed reconciliation accounts (Correct)
  • Credit check and rating of open items

Answer : Regrouping and sorting of payables and receivables Adjustment postings for changed reconciliation accounts

What are the prerequisites for posting a vendor invoice in Financial Accounting? (Choose two)


Options are :

  • You have created a company code segment in the vendor master. (Correct)
  • You have maintained the currency exchange rates in the system.
  • You have updated the bank details section of the vendor.
  • You have set up a number range for the vendor invoice document type. (Correct)

Answer : You have created a company code segment in the vendor master. You have set up a number range for the vendor invoice document type.

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?


Options are :

  • Country data for the payment methods (Correct)
  • Bank account determination
  • Company code data for the payment methods
  • Paying company codes for payment transactions

Answer : Country data for the payment methods

What are the advantages of the Payment Medium Workbench (PMW)? (Choose three)


Options are :

  • It can be used to create new payment formats. (Correct)
  • It provides a uniform set of functions for all kinds of payment methods. (Correct)
  • It can be used to change payment formats without modifying the programs. (Correct)
  • It activates the automatic import of settings related to changes in payment transaction laws
  • It automatically creates direct debits.

Answer : It can be used to create new payment formats. It provides a uniform set of functions for all kinds of payment methods. It can be used to change payment formats without modifying the programs.

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?


Options are :

  • Display, Required Entry, Optional Entry, Hide
  • Hide, Display, Required Entry, Optional Entry (Correct)
  • Required Entry, Optional Entry, Hide, Display
  • Optional Entry, Hide, Display, Required Entry

Answer : Hide, Display, Required Entry, Optional Entry

How does SAP support impairment posting?


Options are :

  • By using special depreciation keys
  • By using Segment Reporting
  • By using new transaction codes for retirements
  • By using worklists (Correct)

Answer : By using worklists

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 reasons for this? (Choose three)


Options are :

  • The settlement profile does not allow assets as valid receivers. (Correct)
  • The AuC has not been released with the status "Technically Complete".
  • The status of the AuC is set to "Summary Management". (Correct)
  • There is no settlement profile assigned to the company code. (Correct)

Answer : 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.

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


Options are :

  • Set Up Paying Company Codes for Payment Transactions
  • Set Up Payment Methods per Country for Payment Transactions
  • Set Up All Company Codes for Payment Transactions (Correct)
  • Set Up Payment Methods per Company Code for Payment Transactions

Answer : Set Up All Company Codes for Payment Transactions

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? (Choose two)


Options are :

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

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

Which of the following describe characteristics of master data? (Choose two)


Options are :

  • Master data must be assigned on company code level.
  • Master data is used on a long-term basis for multiple business processes (Correct)
  • Master data is typically assigned to organizational levels. (Correct)
  • Master data cannot be changed after creation.

Answer : Master data is used on a long-term basis for multiple business processes Master data is typically assigned to organizational levels.

Which of the following objects must you enter when posting an asset acquisition against a vendor? (Choose three)


Options are :

  • Special G/L transaction
  • Document type (Correct)
  • Fixed asset balance sheet account
  • Asset master record (Correct)
  • Transaction type (Correct)

Answer : Document type Asset master record Transaction type

What does the posting key control? (Choose three)


Options are :

  • Number range
  • Account type (Correct)
  • Debit/credit indicator (Correct)
  • Field status (of posting key) (Correct)

Answer : Account type Debit/credit indicator Field status (of posting key)

What do you define when you set up a depreciation area?


Options are :

  • The posting to the general ledger (Correct)
  • The asset number ranges
  • The account determination
  • The company code in Asset Accounting

Answer : The posting to the general ledger

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?


Options are :

  • Currency key
  • Document type (Correct)
  • Tolerance group
  • Field status variant

Answer : Document type

In a payment run, the data entered for a payment method in the document may differ from the master data. How does the system resolve this?


Options are :

  • Document data overrides master data. (Correct)
  • The payment run temporarily stops, and the system prompts you to correct the data. After you have corrected the data, the payment run continues.
  • Master data overrides document data.
  • The payment run stops and the system issues an error message.

Answer : Document data overrides master data.

Document header, document type, and complete document


Options are :

  • Assign a valuation method to all customer master records that you want to valuate.
  • Set up the Valuation Cockpit to perform this task.
  • Set up a new exchange rate type and assign it to a valuation method.
  • Set up a valuation method and assign it to a valuation area. (Correct)

Answer : Set up a valuation method and assign it to a valuation area.

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)?


Options are :

  • Dunning block reasons
  • Separate dunning runs
  • Dunning areas (Correct)
  • Dunning keys

Answer : Dunning areas

You want to update the Search Term2 field in your customer master data, but the field does not appear in the maintenance transaction. Which field status definitions do you have to check and, if necessary, change in Customizing? (Choose two)


Options are :

  • Field status definitions of company codes
  • Field status definitions of activities (Correct)
  • Field status definitions of account groups (Correct)
  • Field status definition of the assigned reconciliation account

Answer : Field status definitions of activities Field status definitions of account groups

Which factors determine the fiscal year variant you would assign to a company code? (Choose two)


Options are :

  • The fiscal year start and end period of the company (Correct)
  • The need to control which periods are open for posting for specific user groups
  • The existence of a shortened fiscal year (Correct)
  • The use of a specific fiscal year variant by other company codes on the client

Answer : The fiscal year start and end period of the company The existence of a shortened fiscal year

How do you implement parallel accounting in Asset Accounting?


Options are :

  • By using two depreciation areas (Correct)
  • By using two asset classes
  • By using an extra chart of accounts
  • By using two different charts of depreciation

Answer : By using two depreciation areas

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