SAP C_TFIN52_66 Associate - Financial Accounting Exam Set 4

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?


Options are :

  • One-Time account
  • Receivables reclassification
  • Alternative Payer/Payee
  • Head office and branch account (Correct)

Answer : Head office and branch account

Which functions can be used to generate inter-company posting documents? (Choose two)


Options are :

  • Central cash journal
  • Central payment (Correct)
  • Central procurement (Correct)
  • Central currency valuation

Answer : Central payment Central procurement

To which of the following does an asset class apply?


Options are :

  • To all company codes in an instance (client-independent)
  • To all company codes in a controlling area
  • To all company codes within a client, which share the same chart of accounts
  • To all company codes in a client (Correct)

Answer : To all company codes in a client

You have posted an incorrect amount in Financial Accounting. How can you correct this? (Choose two)


Options are :

  • Reverse the document by negative posting. (Correct)
  • Use a substitution to change the incorrect amount.
  • Reverse the document by normal reversal posting. (Correct)
  • Change the amount in the posted document.

Answer : Reverse the document by negative posting. Reverse the document by normal reversal posting.

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

Answer : Dunning areas

What additional options does parking documents offer compared to holding documents? (Choose two)


Options are :

  • A parked document can be posted via automatic speech recognition.
  • A parked document can be changed and posted by another user, thereby supporting the principle of dual control. (Correct)
  • A parked document can be posted cross-client to minimize the Total Cost of Ownership (TCO).
  • A parked document can be posted using a workflow. (Correct)

Answer : A parked document can be changed and posted by another user, thereby supporting the principle of dual control. A parked document can be posted using a workflow.

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?


Options are :

  • Payables and revenue account
  • Receivables and expense account
  • Payables and expense account
  • Receivables and revenue account (Correct)

Answer : Receivables and revenue account

What elements of a customer account are created when you maintain the account decentralized in Financial Accounting?


Options are :

  • General data, company code data, and purchasing organization data
  • General data and sales area data
  • General data and company code data (Correct)
  • General data, company code data, and sales area data

Answer : General data and company code data

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?


Options are :

  • Create a user-specific program to substitute the wrong cost centers automatically overnight.
  • Define a validation in CO to ensure that the functional area is filled in the cost center master.
  • Define two substitutions for the Line Item call-up point.
  • Define a substitution in FI with the wrong cost center as a prerequisite and the correct one as the substituted value. (Correct)

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

Which transactions in the procurement process with valuated goods receipt create documents in FI? (Choose two)


Options are :

  • Create purchase order
  • Enter invoice receipt (Correct)
  • Create purchase requisition
  • Post valuated goods receipt (Correct)

Answer : Enter invoice receipt Post valuated goods receipt

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


Options are :

  • It posts down-payments to a reconciliation account that is different from that of ordinary payables and receivables. (Correct)
  • It automatically creates the final invoice and clears down-payments against it.
  • It automatically clears down-payment requests.
  • It shows data in the appendix of the balance sheet.

Answer : It posts down-payments to a reconciliation account that is different from that of ordinary payables and receivables.

Which of the following objects can be used to derivate segments automatically?


Options are :

  • G/L account
  • Cost center
  • Functional area
  • Profit center (Correct)

Answer : Profit center

While posting a G/L document, two different field statuses (for the posting key and the G/L account) have an impact on the posting. What happens if one field status is set to Required Entry and the other one to Hidden Entry?


Options are :

  • An error message will occur. (Correct)
  • The field will be available for entry.
  • The field will be hidden.
  • The document can be posted anyway

Answer : An error message will occur.

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


Options are :

  • Create a company code segment in the vendor master (Correct)
  • Set up a number range for vendor invoices. (Correct)
  • Activate and configure the document splitting function.
  • Create a purchasing organization segment in the vendor master.

Answer : Create a company code segment in the vendor master Set up a number range for vendor invoices.

Special G/L transactions can be divided into which types? (Choose three)


Options are :

  • Document parking
  • Free offsetting entry (Correct)
  • Noted item (Correct)
  • Automatic offsetting entry (Correct)

Answer : Free offsetting entry Noted item Automatic offsetting entry

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?


Options are :

  • The term of payment is valid.
  • An error occurs.
  • The term of payment is invalid. (Correct)
  • The term of payment is copied from the last valid invoice of the customer.

Answer : The term of payment is invalid.

What options do you have for booking an asset acquisition? (Choose three)


Options are :

  • Asset acquisition posted via the accrual engine (Correct)
  • Asset acquisition using a clearing account (Correct)
  • Asset acquisition posted via the cash journal
  • Asset acquisition posted from Materials Management E. Asset acquisition integrated with accounts payable (Correct)

Answer : Asset acquisition posted via the accrual engine Asset acquisition using a clearing account Asset acquisition posted from Materials Management E. Asset acquisition integrated with accounts payable

Which of the following factors determines field status for vendors?


Options are :

  • Account group, transaction, and company code (Correct)
  • Transaction, chart of accounts, and company code
  • Account group, transaction, and chart of accounts
  • Account group, chart of accounts, and company code

Answer : Account group, transaction, and company code

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 the change at the start of a new fiscal year.
  • Individually, in the company code segment
  • By making sure that the field status of the chart of accounts segment allows it.

Answer : . Centrally, in the chart of accounts segment

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


Options are :

  • Special G/L transaction
  • Asset master record (Correct)
  • Transaction type (Correct)
  • Document type (Correct)

Answer : Asset master record Transaction type Document type

Which postings are created by the depreciation posting run? (Choose two)


Options are :

  • Book and cost accounting depreciations to assets (Correct)
  • Postings to the depreciation accounts in the General Ledger (Correct)
  • Year-to-date depreciation on current assets
  • Transfer of depreciations to cost center planning

Answer : Book and cost accounting depreciations to assets Postings to the depreciation accounts in the General Ledger

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


Options are :

  • It automatically creates direct debits.
  • It can be used to change payment formats without modifying the programs. (Correct)
  • It provides a uniform set of functions for all kinds of payment methods. (Correct)
  • It can be used to create new payment formats (Correct)

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

Your customer wants to clear minor payment differences for incoming payments automatically. Which objects do you have to use to fulfill this requirement?


Options are :

  • Tolerance groups for G/L account and tolerance groups for employees
  • Tolerance groups for employees and tolerance groups for customers/vendors (Correct)
  • Tolerance groups for employees and tolerance groups for document types
  • Tolerance groups for G/L account and tolerance groups for customers/vendors

Answer : Tolerance groups for employees and tolerance groups for customers/vendors

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


Options are :

  • The asset number ranges
  • The posting to General Ledger (Correct)
  • The account determination
  • The company code

Answer : The posting to General Ledger

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


Options are :

  • It enables the use of the dual control principle. (Correct)
  • It enables technically incomplete documents to be posted.
  • It enables individual document numbers to be assigned.
  • It provides a user friendly way of changing posted documents.

Answer : It enables the use of the dual control principle.

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


Options are :

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

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

Which activity will have an impact on the net book value of an asset?


Options are :

  • Changing the assigned WBS element
  • Changing the useful life of the asset (Correct)
  • Changing the assigned cost center
  • . Changing the account determination

Answer : Changing the useful life of the asset

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


Options are :

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

Answer : Document header, line item, and complete document

At which level is the vendor account number assigned?


Options are :

  • At a combination of client and company code segment level
  • At the client level (Correct)
  • At the company code segment level
  • At a combination of client and purchasing organization segment level

Answer : At the client level

What does the year-end closing program do in asset accounting? (Choose two)


Options are :

  • It checks whether depreciation and assets are fully posted. (Correct)
  • It opens new annual value fields for each asset
  • It checks whether the previous year has been closed in financial accounting.
  • It checks whether assets contain errors or are incomplete. (Correct)

Answer : It checks whether depreciation and assets are fully posted. It checks whether assets contain errors or are incomplete.

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