SAP C_TFIN52_66 Associate - Financial Accounting Exam Set 6

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 such a manner?


Options are :

  • Balance sheet and profit accounts
  • Balance sheet accounts
  • Profit accounts (Correct)
  • Accounts only managed on the basis of open items

Answer : Profit accounts

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


Options are :

  • Credit check and rating of open items
  • Automatic correction of bad debits or credits
  • Adjustment postings for changed reconciliation accounts (Correct)
  • Regrouping and sorting of payables and receivables (Correct)

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

The field status definitions from the account group and the transaction are considered for each field. The field status definition with the higher priority will be used for posting. Which priority sequence, going from the highest to the lowest, is correct?


Options are :

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

Answer : Hide, Display, Required Entry, Optional Entry

Which of the following is a typical process sequence in Product Sale from Stock?


Options are :

  • Purchase requisition -> Delivery/Transport -> Dunning and payment -> Billing
  • Purchase requisition -> Billing -> Transport/Goods receipts -> Dunning and payment
  • . Incoming order -> Transport/Delivery -> Billing -> Dunning and payment (Correct)
  • Incoming order -> Goods receipts/Transport -> Dunning and payment -> Billing

Answer : . Incoming order -> Transport/Delivery -> Billing -> Dunning and payment

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)?


Options are :

  • Item text
  • Assignment (Correct)
  • Amount in document currency
  • Number of the invoice to which the transaction belongs

Answer : Assignment

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


Options are :

  • 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.
  • The accrual engine supports parallel accounting. (Correct)
  • The accrual engine can simulate planned future accruals. (Correct)

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

Which interactive function is provided by the SAP List Viewer?


Options are :

  • Creation of subtotals for specific values (Correct)
  • Creation of worklists
  • . Use of the report-report interface
  • Mass reversal

Answer : Creation of subtotals for specific values

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


Options are :

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

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

How do you implement parallel accounting in asset accounting?


Options are :

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

Answer : By using two depreciation areas

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