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Question # 4

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

A.

The posting to the general ledger

B.

The company code in Asset Accounting

C.

The account determination

D.

The asset number ranges

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Question # 5

A customer wants to use document splitting to enable balance sheets by segments. How do you set up the document split? (Choose two)

A.

Assign the splitting method to the transaction variant.

B.

Define a non-leading ledger for the split documents.

C.

Assign all document types to business transactions and business transaction variants.

D.

Define splitting rules.

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Question # 6

Which of the following are the main components of a drilldown report?

Please choose the correct answer.

Response:

A.

Characteristics and key figures

B.

Characteristics and variables

C.

Variables and general selection criteria

D.

Variables and key figures

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Question # 7

A customer wants to use segment reporting on balance sheet and P/L accounts. Which business function do you recommend?

A.

Special Purpose Ledger

B.

Profitability Analysis

C.

New General Ledger Accounting

D.

Profit Center Accounting

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Question # 8

Which function can you use to generate inter-company posting documents? (Choose two)

A.

Intercompany asset transfer

B.

Central currency valuation

C.

Central payment

D.

Intercompany dunning

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Question # 9

Your customer wants to access line items for individual P/L accounts without leaving the balance sheet and P/L display.

What do you recommend?

Please choose the correct answer.

Response:

A.

Activate the Line Item Display flag in the financial statement version.

B.

Use a drilldown report.

C.

Use the standard Financial Statements (RFBILA00) report.

D.

Run a line item report.

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Question # 10

What are the prerequisites for setting up cross-company-code cost accounting? (Choose two)

A.

The same fiscal year variant is used for all company codes.

B.

The same currency is used for all company codes.

C.

The same variant for open periods is used for all company codes.

D.

The same chart of accounts is used for all company codes.

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Question # 11

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:

A.

You have to create customer master records for each credit control area.

B.

You have to create one master record for each customer.

C.

You have to create customer master records for each country-specific chart of accounts.

D.

You have to create customer master records for each chart of accounts.

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Question # 12

In a payment run, the data entered for a payment method in the document may differ from the master dat

a. How is this resolved by the system?

Please choose the correct answer.

Response:

A.

Document data overrides master data.

B.

The payment run stops and the system issues an error message.

C.

The payment run temporarily stops, and the system prompts you to correct the data. After you have corrected the data, the payment run continues.

D.

Master data overrides document data.

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Question # 13

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:

A.

Create and dispatch a valuation run for each period during closing operations.

B.

Enter a value adjustment key in the customer master.

C.

Make an individual value adjustment based on special G/L transaction.

D.

Make a statistical flat-rate value adjustment posting for each period manually.

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Question # 14

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

A.

Document parking

B.

Interest

C.

Free offsetting entry

D.

Automatic offsetting entry

E.

Noted item

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Question # 15

How do you prevent duplicate vendors from being created?

There are 2 correct answers to this question.

Response:

A.

Activate master data comparison for the vendor.

B.

Activate message control for the duplicate vendor check.

C.

Run the Vendor De-Duplication report.

D.

Use matchcode to check whether the vendor already exists.

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Question # 16

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:

A.

Use the same fiscal year variant for all company codes and do a reversible close for the company codes that have different fiscal years.

B.

Create company codes with different fiscal year variants and assign them to the same group company for reporting purposes.

C.

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.

D.

Use the same fiscal year variant for all company codes and set up parallel accounting for company codes that have different fiscal years.

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Question # 17

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

Please choose the correct answer.

Response:

A.

General data, company code data, and purchasing organization data

B.

General data and company code data

C.

General data, company code data, and sales area data

D.

General data and sales area data

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Question # 18

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)

A.

You can assign the segment to the asset master record.

B.

You can assign a segment to a cost accounting object such as a cost center or internal order.

C.

Segments are derived from profit centers in the standard system.

D.

You can assign the segment to the material master.

E.

You can post in FI directly to a segment.

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Question # 19

Which of the following statements are true?

There are 3 correct answers to this question.

Response:

A.

Every company code that needs to use an account from the assigned chart of accounts has to create its own company code segment.

B.

For P+L statement accounts, the balance is carried forward to the same account.

C.

In the chart of accounts segment, it is necessary to indicate whether the account will be a balance sheet or a profit + loss statement account.

D.

Number intervals for G/L account master records can overlap.

It is not possible to influence the appearance of an account's master data.

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Question # 20

A customer wants to create a report that is to be run on a monthly basis showing documents within a specific range for a specific company code that have been posted within the current month. How can you create this type of report?

Please choose the correct answer.

Response:

A.

- Create a Compact Document Journal report.

- After running the report, save it to your desktop, where it can be updated every month.

B.

- Create a Compact Document Journal report.

- Enter the values for the document interval and company code.

- After saving this as a variant, add an appropriate D (Dynamic Date Calculation) variable for the posting date on the Variant Attributes screen.

C.

- Create a G/L Account Balances report.

- Enter the values for the document range and company code.

- After saving this as a variant, add an appropriate D (Dynamic Date Calculation) variable for the posting date on the Variant Attributes screen.

D.

- Create a Compact Document Journal report.

- Enter the values for the document range and company code.

- After saving this as a variant, add an appropriate T (Table) variable for the posting date on the Variant Attributes screen.

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Question # 21

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

Please choose the correct answer.

Response:

A.

At the client level

B.

At a combination of client and purchasing organization segment level

C.

At the company code segment level

D.

At a combination of client and company code segment level

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Question # 22

A company uses different terms of payment. What can you define for these terms of payment? (Choose three)

A.

Cash discount periods

B.

Interest calculation

C.

Baseline date for due date calculation

D.

Cash flow calculation

E.

Cash discount percentage rates

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Question # 23

What is the purpose of account determination in the accrual engine?

There are 2 correct answers to this question.

Response:

A.

To determine the document type

B.

To determine the CO object

C.

To determine debit and credit accounts

D.

To determine the correct posting period

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Question # 24

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

A.

A chart of accounts segment and at least one cost element

B.

A company code segment and at least one cost element

C.

A chart of accounts segment and at least one functional area

D.

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

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