5/25/22, 5:12 PM SAP Certified Application Associate - Financial Accounting with SAP ERP - Full | ERPPrep

SAP Certified Application Associate - Financial

Accounting with SAP ERP - Full

You got 80 of 80 possible points.

Your score: 100 %

Question Results

Question: Score 1 of 1

Whitin the line items of FI documents, what does the posting key control?
There are 3 correct answers to this question.

Response:

the account type to which the line item can be posted

the account group to which the line item can be posted

whether the item is posted with reference to primary or secondary cost elements

whether the item is posted as a debit or credit

the field status of additional details

Question: Score 1 of 1

Which elements do you need to enter during document posting to distinguish

between international and local Generally Accepted Accounting Principles
(GAAP)?
There are 2 correct answers to this question

Response:

Ledger Groups for the Ledger Approach

Account Groups for the Account Approach

Accounts for the Account Approach

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Ledger for the Ledger Approach

Question: Score 1 of 1

Your client would like to show information about customers during reporting
without updating the general ledger. Which special G/L type do you
recommend?
Please choose the correct answer.

Response:

automatic offsetting entry

bill of exchange

noted items

down payment

Question: Score 1 of 1

Your customer wants to use the Closing Cockpit for period end closing. What
major benefits of the Closing Cockpit do you highlight?
There are 2 correct answers to this question.

Response:

It optimizes legacy data transfer.

It provides complete documentation of the activities performed during period-end

closing.

It closes the posting period automatically on the last day of the period.

It enables the use of a task list covering all closing activities.

Question: Score 1 of 1

Which functions can you use to generate inter-company posting documents?

There are 2 correct answers to this question.

Response:

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Intercompany dunning

Central payment

Central currency valuation

Intercompany asset transfer

Question: Score 1 of 1

Consider the following statements, Which of the following statements are true?

1) Accounts with open item management must have line item display activated.
2) You can activate or deactivate open item management everytime, even if the account
hasn't a zero balance.
3) You can select both local and foreign currencies as account currency.
4) If the account is the local currency, the account can only be posted to this currency.
5) When using the "Only Balances in Local Currency" indicator in the master data record,
transaction figures are only managed for amounts translated into local currency.

There are 3 correct answers to this question.

Response:

Question: Score 1 of 1

You want to use foreign currency valuation in the ledger solution. Which objects
are required in Customizing?
There are 3 correct answers to this question.

Response:

valuation areas

value adjustment keys

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account determinations

accounting principles

reply addresses for balance confirmation

Question: Score 1 of 1

Your chief accountant would like to display company-owned cars separately in

the balance sheet. These cars were previously included in the asset class
"factory and office equipment".

What do you have to configure?

Please choose the correct answer.

Response:

Create a new asset class and a new account determination.

Create a new asset class, but use the same account determination.

Create evaluation groups to subdivide all assets of the class.

Create a new account determination, but no new asset class.

Question: Score 1 of 1

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.

Activate transfer prices in Profit Center Accounting.

Set up the same group currency for all company codes and profit centers.

Deactivate document splitting for profit centers.

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Question: Score 1 of 1

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.

Question: Score 1 of 1

In the customer master record, what does the account group control?
There are 2 correct answers to this question

Response:

the reconciliation account

the assigned accounting clerk

the field status in the customer master record

the customer number range

Question: Score 1 of 1

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:

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

Enter a value adjustment key in the customer master.

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

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

Question: Score 1 of 1

In a payment run, the data entered for a payment method in the document may
differ from the master data. How is this resolved by the system?
Please choose the correct answer.

Response:

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

Document data overrides master data.

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.

Question: Score 1 of 1

Which object has to be used to avoid a change of the reconciliation account in

the customer's master data?
Please choose the correct answer.

Response:

The field status of the activity.

The field status group of the reconciliation account.

The field status of the customer account group.

The field status of the posting key.

Question: Score 1 of 1

To which organizational unit can you assign your validation and substitution?
Please choose the correct answer.

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Response:

business area

company code

segment

profit center

Question: Score 1 of 1

Which data do you maintain in the chart of accounts segments of a G/L account?
Please choose the correct answer.

Response:

reconciliation data

consolidation data

authorization data

user data

Question: Score 1 of 1

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 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.

ERP is SAP R/3, while e-business is mySAP.com.

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About Business Model, ERP can be considered as enterprise centric and e-business,
as extended and collaborative.

Question: Score 1 of 1

You have been asked to copy a company code from an existing company code.
Which existing objects can be assigned automatically?
Please choose the correct answer.

Response:

G/L accounts

Profit center groups

controlling areas

Customer master data

Question: Score 1 of 1

Where in Customizing can you configure that the cost center in the asset-sub
number is identical to the cost center of the main asset?
Please choose the correct answer.

Response:

in the tab layout for the asset master record

in the account determination of the asset class

in the screen layout of the asset master

in the screen layout of the depreciation area

Question: Score 1 of 1

Which of the following tasks are stages of dunning execution?

There are 2 correct answers to this question.

Response:

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maintain te dunning levels

maintain the dunning parameters

schedule the dunning run

schedule the dunning intervals

Question: Score 1 of 1

What does the posting key control?

There are 3 correct answers to this question.

Response:

Account type

Document type

Field status (of posting key)

Debit/credit indicator

Number range

Question: Score 1 of 1

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:

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

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.

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

Question: Score 1 of 1

Which Customizing settings can you make for payment terms?

There are 3 correct answers to this question.

Response:

Determine a default payment method for the line item

Determine whether a payment term is valid only for the vendor, only for the
customer, or for both customer and vendor

Determine that invoices are locked for dunning

Determine that invoices are locked for payment

Determine a default currency code for the header of the accounting document

Question: Score 1 of 1

A customer wants to use document splitting to enable balance sheets by

segments. How do you set up the document split?
There are 2 correct answers to this question.

Response:

Assign the splitting method to the transaction variant.

Define splitting rules.

Define a non-leading ledger for the split documents.

Assign all document types to business transactions and business transaction

variants.

Question: Score 1 of 1

Which fields can be edited before a parked document is posted?

There are 3 correct answers to this question

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Response:

amount

account

company code

currency

posting date

Question: Score 1 of 1

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:

Head office and branch account

Receivables reclassification

Alternative Payer/Payee

One-Time account

Question: Score 1 of 1

Identify the steps in the ASAP (Accelerated SAP) Methodology.

There are 5 correct answers to this question.

Response:

Business Blueprint

Realization

Go Live & Support

Roll out

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Final Preparation

Project Preparation

Question: Score 1 of 1

You have two house banks. Each house bank has three bank accounts. How
many separate G/L accounts do you recommend the customer creates in the
chart of accounts?
Please choose the correct answer.

Response:

Two – one for each house bank

Six – one for each combination of house bank and bank account

One for all postings

Three – one for each bank account

Question: Score 1 of 1

How do you implement parallel accounting in Asset Accounting?

Please choose the correct answer.

Response:

By using an extra chart of accounts

By using two different charts of depreciation

By using two asset classes

By using two depreciation areas

Question: Score 1 of 1

How does the SAP ERP ECC 6.0 wih new G/L accounting support real-time CO-FI
integration?
Please choose the correct answer.

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Response:

the universal journal provides a common database table for both CO and FI
postings

a separate posting period interval specifically for the CO-FI postings is provided

the controlling area can be configured wth one to one assignment to a company
code

batch reconciliation postings are generated from the reconciliation ledger

Question: Score 1 of 1

Your compant code uses USD as the company currency. You are trying to post to
an account in EUR but get an error message that you cannot post to this account.
What is the reason?
Please choose the correct answer.

Response:

the account determination for exchange rate differences is missing for the account

the Only Balances in Local Currency indicator is set in the account

the currency maintained in the account master record is USD

the translation rate between EUR and USD is NOT maintained

Question: Score 1 of 1

Which entries can you define when maintaining a G/L account?

There are 3 correct answers to this question.

Response:

Ledger assignment

Account group

Profit center

Open item management

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Field status group

Question: Score 1 of 1

What are the necessary elements required to create a customer-specific

drilldown report for New General Ledger Accounting?
There are 2 correct answers to this question.

Response:

A form

Variables

Characteristics

A report header

Question: Score 1 of 1

Which are the necessary steps to create a validation?

Please choose the correct answer.

Response:

Prerequisite, check, message

Check, update, message

Check, control, message

Prerequisite, check, update, control

Question: Score 1 of 1

You want to make the line item text field mandatory during document entry.
What customizing objects can you maintain to do this?
There are 2 correct answers to this question

Response:

account group

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posting key

document type

fields status group

Question: Score 1 of 1

You use the accounts approach for parallel valuation in a new G/L system. If you
used the ledger approach instead, which objects would be different?
There are 3 correct answers to this question

Note: Answers of this question are not verified by our experts, please study yourself and
select the appropriate answers.
Contribute: Please send the correct answers with reference text/link on
[email protected] to get 50% cashback.

Response:

Asset Classes

Depreciation Areas

Financial Statement Version

Leading Ledger

Chart of Accounts

Question: Score 1 of 1

Which of the following can you choose for a report variant?

There are 2 correct answers to this question

Response:

protect field

batch input scheduling

user group assignment

a selection variable

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Question: Score 1 of 1

You have entered a head office in your vendor master record. What is the
consequence?
Please choose the correct answer.

Response:

the branch account is automatically assigned to the same account group as the
head office account

the bank details of the branch account are automatically updated with the bank
data of the head office account

all items posted to the branch account are automatically transferred to the head
office account

all correspondence with the branch is automatically sent to the head office, too

Question: Score 1 of 1

Which of the following special G/L transactions types updates one line item
only?
Please choose the correct answer.

Response:

noted item

guarantee

statistical posting

down payment

Question: Score 1 of 1

The government announces that it plans to change the basic VAT tax
percentages from 20% to 18%. What do you have to do in the system in order to
comply?
Please choose the correct answer.

Response:

create new tax codes with 18% VAT percentage for input tax

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Change the tax percentage for input and output tax codes to 18%

create new tax codes with the 18% VAT percentage for input and output tax

change the tax percentage for existing input tax codes to 18%

Question: Score 1 of 1

What additional options does parking documents offer compared to holding

documents?
There are 2 correct answers to this question.

Response:

A parked document can be posted using a workflow.

A parked document can be posted cross-client to minimize the Total Cost of

Ownership (TCO).

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.

Question: Score 1 of 1

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

Manage Change Requests

Link to Change Requests

Monitor Service Desk

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Question: Score 1 of 1

You want to use external number assignment for specific document types. What
is the special feature of external number assignment?
Please choose the correct answer.

Response:

The system issues the numbers automatically.

The numbers can be alphanumeric.

The number ranges can overlap.

The number ranges can be used across all company codes.

Question: Score 1 of 1

What characteristics are configured as standard for every customer/vendor

account?
There are 2 correct answers to this question.

Response:

Company Code.

Open Item Management.

Purchasing Organization.

Line Item Display.

Currency.

Question: Score 1 of 1

What can we say about ALE (Application Link Enabling)?

There are 3 correct answers to this question.

Response:

The applications are integrated via the message exchange.

Business processes cannot be distributed using ALE.

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The applications are integrated via a central database.

The ALE concept is related to an enterprise structure with areas that have central
tasks and areas with tasks that are decentralized.

The ALE concept supports the implementation and operation of distributed SAP
applications.

Question: Score 1 of 1

Consider the following sentences, which of them is false?

1) The variant principle is a three-step method used in R/3 to assign special properties to
one or more R/3 objects.
2) One of the disadvantages to use variants is that it can't deal with the maintenance of
properties, which are common among several business objects.
3) For using the variant principle, you must define the variant, populate it with values and
assign it to the R/3 objects.
4) This principle is used for Fiscal Years, Posting Periods and so on.

Please choose the correct answer.

Response:

1 and 3

1 and 2

Question: Score 1 of 1

Which transactions in the procurement process with valuated goods receipt

create documents in FI?
There are 2 correct answers to this question.

Response:

Post valuated goods receipt

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Create purchase requisition

Create purchase order

Enter invoice receipt

Question: Score 1 of 1

It is common for companies to receive invoices for the previous fiscal year at the
beginning of the new fiscal year. Which dates must have the same fiscal year in
the document entry?
Please choose the correct answer

Response:

document date and posting date

document date and asset value date

posting date and asset value date

depreciation calculation start date and document date

Question: Score 1 of 1

Where can you block an open vendor invoice for payment?

There are 2 correct answers to this question

Response:

in the general segment of the vendor master record

in the invoice document during posting

in the company code segment of the vendor master record

in customizing for sensitive fields

Question: Score 1 of 1

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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 country-specific chart of
accounts.

You have to create one master record for each customer.

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

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

Question: Score 1 of 1

During period end closing, the G/L accounting clerk posted a document with an
incorrect account assignment. The clerk discovered the problem immediately
after posting and wants to know how to reverse the document so that it does not
affect debit and credit balances.

Which reversal code does the clerk need to use?

Please choose the correct answer.

Response:

actual reversal in current period

actual reversal in closed period

reversal in current period

reversal in closed period

Question: Score 1 of 1

What does the year-end closing program in asset accounting do?

Please choose the correct answer.

Response:

it carries out depreciation simulations and makes adjustment postings

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it checks whether the depreciation and asset balances are posted comprehensively

it checks the depreciation lists and asset history and then posts depreciation

it generates the next available open period for each depreciation are

Question: Score 1 of 1

Your customer's Accounting department informs you that the company issues
checks. They need to easily differentiate payments made by check. How can you
facilitate this requirement?
Please choose the correct answer.

Response:

Create an additional field in the coding block called Check.

Customize a line item report that filters data according to the text field, and
instruct users to enter the word "Check" in the field when entering such payments.

Use the payment term for checks.

Use the payment method for checks.

Question: Score 1 of 1

What happens when the debit balance check runs and a vendor is selected?
Please choose the correct answer.

Response:

the user is asked to change the parameters

the payment run stops and needs to be restarted

credits are paid and debits are blocked

the vendor is blocked for this payment run

Question: Score 1 of 1

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What controls the posting key?

There are 3 correct answers to this question.

Response:

Account type

Field status

Number range

Document type

Debit/credit indicator

Question: Score 1 of 1

Which stage of the sales process creates documents for both material
management and financial accounting?
Please choose the correct answer.

Response:

shipping - delivery creation

shipping- goods issue

billing

sales order creation

Question: Score 1 of 1

Which object do you have to activate to maintain profit centers directly in Asset
Accounting with all business functions for New General Ledger Accounting
activated?
Please choose the correct answer.

Response:

Profit Center Update Scenario

Profit Center Reorganization

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Segment Reorganization

Segment Reporting

Question: Score 1 of 1

Which steps are necessary to run a payment program?

There are 3 correct answers to this question.

Response:

Start transfer of open items to the payment program

Start proposal run or payment run

Schedule print

Configure open item list

Maintain parameters

Question: Score 1 of 1

About evolution in the world of business, we can affirmate that...

Please choose the correct answer.

Response:

The next generation of "new dimension" products appeared taking functionality out
of the company, to bring value through extending the Internet Revolution.

The internet revolution could turn available to companies the use of ERP
functionality.

In the first the companies were looking at Cost reduction and efficiency through
integration of business communities.

The internet has driven to a collaborative environment where value is created

through collaboration within business communities.

Question: Score 1 of 1

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What is a benefit of a drilldown report?

Please choose the correct answer.

Response:

The automatic refresh

The workflow connection

The edit and save functionality

The navigation area

Question: Score 1 of 1

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:

The document is posted.

A warning message is shown.

An error message is shown.

The Text field is hidden.

Question: Score 1 of 1

How does SAP support impairment posting?

Please choose the correct answer.

Response:

By using worklists

By using special depreciation keys

By using new transaction codes for retirements

By using Segment Reporting

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Question: Score 1 of 1

You want to reconcile the amounts you have in a main bank G/L account in your
system with the daily bank statement. You create a single intermediate G/L
bank account for each bank. All transactions with the bank are posted through
the intermediate account.

Which of the following indicators do you have to activate in the G/L account
characteristics of the intermediate account?
There are 2 correct answers to this question.

Response:

Open item management

P&L statement account

Post automatically only

Reconciliation account for account type Bank

Line item display

Question: Score 1 of 1

A multinational enterprise acquires a company in a country which has local

reporting requirements. The multinational enterprise wants to use one
operational chart of account for all companies.

How can you fulfill this country-specific requirement?

Please choose the correct answer.

Response:

Create a country-specific chart of accounts and assign it to the regular chart of

accounts.

Create a country-specific chart of accounts and assign it to the company code.

Create a country-specific chart of accounts and assign it to the group chart of

accounts.

Create a group chart of accounts and assign it to the company code.

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Question: Score 1 of 1

What do you define when you configure a dunning procedure?

Please choose the correct answer.

Response:

Dunning levels and dunning charges for each dunning level

Dunning charges for each dunning level and customers to be dunned

Dunning levels and the language of the dunning note

Dunning levels and account determination to post dunning interest

Question: Score 1 of 1

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?

Please choose the correct answer.

Response:

Define a validation in CO to ensure that the functional area is filled in the cost
center master.

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

Define two substitutions for the Line Item call-up point.

Create a user-specific program to substitute the wrong cost centers automatically

overnight.

Question: Score 1 of 1

Which of the following are interactive functions available in the SAP List Viewer?
There are 3 correct answers to this question.

Response:
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Summation

Sorting

Filters

Master data modification

Dual control

Question: Score 1 of 1

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

Roadmap structure Attachments area

IMG area

Accelerator area

Question: Score 1 of 1

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

Please choose the correct answer.

Response:

The posting to the general ledger

The asset number ranges

The account determination

The company code in Asset Accounting

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Question: Score 1 of 1

Consider the following statements about currencies concepts, Which of them is

true?

1) The currency code identifies each currency that will be used into R/3 system.
2) You have to define all the world's currency into R/3 system.
3) Exchange rate types distinguishes the exchange rates to be considered for various
purposes, such as valuation, translation, conversion, planning, etc.

Please choose the correct answer.

Response:

1 and 2

1 and 3

All of them

Question: Score 1 of 1

When dealing with Financial Statement Versions (FSVs), how do you ensure that
the requirements of the various target groups (for example auditors, tax
authorities, and banks) are satisfied?
There are 2 correct answers to this question.

Response:

Create different versions of the same FSV.

Create one FSV, then save different variants based on the needs of the various
groups.

Create one FSV and enhance it with different sets of notes.

Create different FSVs based on the needs of the target group.

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Question: Score 1 of 1

What do you need to maintain in the financial statement versions in order to

generate a financial statement?
There are 2 correct answers to this question.

Response:

the text describing the items

the assignment of the individual accounts.

the assignment to company codes

the profit centers relevant to the report

Question: Score 1 of 1

A customer payment was received. An open item does NOT exist for the
payment. What option is available to the user?

Please choose the correct answer.

Response:

payment on account

residual item

payment run

partial payment

Question: Score 1 of 1

Which functions are provided by the Reclassify Payables/Receivables closing

activity?
There are 2 correct answers to this question.

Response:

Adjustment postings for changed reconciliation accounts

Open item analysis for liquidity forecast

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Regrouping and sorting of payables and receivables

Automatic correction of bad debits or credits

Credit check and rating of open items

Question: Score 1 of 1

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?
Please choose the correct answer.

Response:

Country data for the payment methods

Paying company codes for payment transactions

Bank account determination

Company code data for the payment methods

Question: Score 1 of 1

Which of the following statements are true?

There are 3 correct answers to this question.

Response:

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

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.

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

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

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

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Question: Score 1 of 1

Which SAP NetWeaver component realizes cross-system application processes?

Please choose the correct answer.

Response:

SAP Exchange Infrastructure (SAP XI)

SAP Business Warehouse (SAP BW)

SAP Enterprise Portal (SAP EP)

SAP Master Data Management (SAP MDM)

Question: Score 1 of 1

Which of the following is a typical sequence of steps in a Purchase to Pay

process?
Please choose the correct answer.

Response:

Purchase requisition -> Goods verification -> Purchase receipts -> Invoice receipts
-> Payment

Purchase requisition -> Purchase order -> Goods receipt -> Invoice verification ->
Payment

Purchase requisition -> Goods issue -> Purchase verification -> Invoice receipts ->
Payment

Purchase order -> Purchase requisition -> Goods receipt -> Invoice verification ->
Payment

Question: Score 1 of 1

Sensitive fields have been defined and customized for vendor master data. For
which of the following sensitive fields will an update trigger dual control?
Please choose the correct answer.

Response:

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account group

IBAN

Vendor account group

currency

Question: Score 1 of 1

You have been asked to showcase the "asset sale with customer" scenario in the
next blueprint workshop meeting.

What do you have to consider when posting an asset sale ?

There are 2 correct answers to this question.

Response:

You must use posting key 75 (credit asset) and select the specific asset sale in the
account field.

You must calculate and input the profit or loss from the asset sale in a separate line
during posting.

You must post the sale against an asset that has an acquisition.

You must specify the asset value date.

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