SAP FINANCIAL -MOCK 2 2013 P&C

SAP FI MOCK 2 2013

NAME:.

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1 Which of the following statements are correct? (3 right) a A house bank can be assigned to a business area within the payment program configuration b A house bank account can be defined in more than one currency c The payments program can use a different House bank for each different payment method d When creating a house bank, you do not need to specify the country. House bank master data must be created in advance, before assigning the House bank to a e payment method in the payment program configuration. 2 Drilldown reporting is a tool that enables you to analyze G/L account transaction figure and financial statements. TRUE False. 3 Debit Balance Check. (3 right) a Debit balance check can be maintained in the vendor line items. b Vendor who has a debit balance, all of his line items always show in the exception list c We can change the debit balance check d Debit balance check is required if Vendor has a debit balance. e Debit balance check is carried out after payment proposal. f Debit balance check can be carried out after payment run. 4 You define a financial statement version in two steps: a Enter in the directory of financial statement version b Define hierarchy levels and assign accounts c None of above. 5 a b c d In a payment method definition: Define allowed currency for company code Define allowed currency for country level Define a maximum and min payment Define house bank link. Page 2

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6 Which of the following about vendor transaction in correct? (2 right) a A vendor down payment request is a noted item. b A vendor down payment request cannot be included in payment program to produce down payment. c A vendor down payment is cleared after final invoice is received from vendor. d Vendor down payment is shown on balance sheet under normal reconciliation account for payables. 7 Highest priority for deriving functional area is: a Manual entry b Validation c CO Document d Substitution e CO master Data. All reconciliation accounts and all G/L accounts with open item transactions in foreign currency must be assigned to the 8 G/L account for realized losses and gains. Which of the following options exit for this assignment: (2 right) a A single G/L account cannot be used per currencies and currency types. b A single G/L account can be used per currency. c A single G/L account cannot be used per currency type d A single G/L account can be used for all currencies and currency types. 9 Screen layout rules control a Field selection b Maintenance level c Reference/ copies. Chart of depreciation is assigned to company code and necessary data for asset accounting is added to company code, hence company code is available for use in asset accounting. TRUE False.

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11 Controlling area can include one or more company codes TFIN50/TFIN52 MOCK 2/2013/ASF Page 3

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TRUE False. 12 a b c d e Payment Medium Workbench (3 right) New format can be created with little programming experience. PMW facilitates uniformity. Before PMW it is easy to maintain the program used in payment media. PMW facilitates for select vendor open items during automatic payment run In PMW format can easily be changed with making modification.

13 Which of the following statements about creating customer master records are correct a The company code is always a required entry. b An account group always gets assigned to a customer. Information on each screen may be defined in configuration as mandatory, suppressed or optional, c depending upon the company code d The account number may be assigned by the user externally. Information on each screen may be defined in configuration as mandatory, suppressed or optional, e depending upon the account group. 14 Which of following statements are correct? The customer master data comparison program compares which master records are already created a in financial accounting but not yet created in sales and distribution. b The customer master data compares the customers in the legacy system with the customers in the R/3 system. The customer master data comparison program compares which master records are already created c in purchasing but not yet in sales and distribution. d The customer master data comparison program checks whether the customer master record contains a telephone number. 15 a b c Which of the following statements about financial reporting are correct? When displaying a financial statement, the system can automatically calculate the profit and loss statement result. You can obtain a summarized financial statement for any hierarchy level defined in the financial statement version. A financial statement version cannot include more than one company code, unless you are using FI-LC. Page 4

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d e A financial statement version displays either a balance sheet or a profit and loss statement, not both. The system can translate a financial statement into any currency for reporting purpose.

16 Each company code has its own number range and company codes cannot share number ranges. TRUE False. 17 Cross company code transaction a For cross company code transaction no configuration needs to be maintained. Cross company code transaction number contain company code of second company number, b document number of first company code and fiscal year. c All wrong. 18 a b c d 19 a b c An account group (3 right) Define for every company code. Define the number range for a master record. Uses a field status group to control the field layout for the maintenance of master records Determine one-time accounts for accounts payable and accounts receivable. Document can contain maximum line items. 999 9 9999

20 Advantage of park document. a Dual control possible b Document number can be assign by externally. 21 For these accounts, balance is transferred to retained earning account & account is set to Zero. (1 option right) a Balance sheet account b Profit & Loss A/c. TFIN50/TFIN52 MOCK 2/2013/ASF Page 5

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c d Balance Sheet account and Profit Open item account. All reconciliation accounts and all G/L accounts with open item transactions in foreign currency must be assigned to the G/L account for realized losses and gains.Which of the following options exists for this assignment? A single G/L account can not be used per currencies and currency types. A single G/L account can be used per currency. A single G/L account can not be used per currency type. A single G/L account can be used for all currencies and currency types. For which scenario can you use the cash journal? To post incoming and outgoing payment sin transaction currency. To make remittances to vendors. To record documents that will not be included in the general ledger To manage cash in local branches and offices.

22 a b c d 23 a b c d

24 Please choose the right answer : (3 right) a b c d e 25 a b c d Every company code that needs to use an accont from the assigned chart of accounts has to create its own company code segment. For P+L statement accounts, the balance is carried forward to the same account. 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. It is not possible to influence the appearance of an account's master data. What do the posting key specify? (4 right) Whether the accounts are allowed for posting Whether the line items are valid for a business transaction Whether the line items contain "credit" or "debit" values Whether the line item is connected to a payment transaction or not Page 6

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e 26 a b c d 27 a b c d 28 a b c d Whether the posting is sales-relevant and the sales figure of the account is to be updated by the transaction, for example, by the posting of a customer invoice. About the dunning program configuration, what controls how dunning is carried out? Company Code Customer master record Dunning procedure Dunning texts Bank master data records can also be manually entered: On the general data section of customer & vendor masters. At one-time (account) document entry. In the account ID When defining house bank. Which of the following Organizational units are Mandatory in the ERP system with FI? (3 right) Client Fiscal Year Business Area Company Code.

29 It specified the master data level at which each field can be maintained. a Maintenance level b Screen layout. 30 a b c d Which of the following about vendor transaction in correct? (2 right) A vendor down payment request is a noted item. A vendor down payment request cannot be included in payment program to produce down payment. A vendor down payment is cleared after final invoice is received from vendor. Vendor down payment is shown on balance sheet under normal reconciliation account for payables. Page 7

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31 a b c d An account group (3 right) Is defined for every company code. Defines the number range for a master record. Uses a field status group to control the field layout for the maintenance of master records Determines one-time accounts for accounts payable and accounts receivable.

32 Which of the following statements about creating customer master records are correct (4 right) a The company code is always a required entry. b An account group always gets assigned to a customer. Information on each screen may be defined in configuration as mandatory, c suppressed or optional, depending upon the company code d The account number may be assigned by the user externally. Information on each screen may be defined in configuration as mandatory, e suppressed or optional, depending upon the account group. 33 a b c d e Highest priority for deriving functional area is: Manual entry Validation CO document Substitution CO master Data.

34 Which of following statements are correct? The customer master data comparison program compares which master records are already created in a financial accounting but not yet created in sales and distribution. b The customer master data compares the customers in the legacy system with the customers in the R/3 system. c d The customer master data comparison program compares which master records are already created in purchasing but not yet in sales and distribution. The customer master data comparison program checks whether the customer master record contains a telephone number. Page 8

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35 a b c d e f Debit Balance Check. (3 right) Debit balance check can be maintained in the vendor line items. Vendor who has a debit balance, all of his line items always shows in the exception list We can change the debit balance check Debit balance check can be carried out after payment run. Debit balance check is required if Vendor has a debit balance. Debit balance check is carried out after payment proposal.

36 Controlling area can include one or more company codes TRUE False. 37 Cross company code transaction a For cross company code transaction no configuration needs to be maintained. Cross company code transaction number contain company code of second company number, b document number of first company code and fiscal year. c All wrong. 38 a b c d e 39 a b c d e Payment Medium Workbench (3 right) New format can be created with little programming experience. PMW facilitates uniformity. Before PMW it is easy to maintain the program used in payment media. PMW facilitates for select vendor open items during automatic payment run In PMW format can easily be changed with making modification. Which of the following statements about financial reporting are correct? When displaying a financial statement, the system can automatically calculate the profit and loss statement result. You can obtain a summarized financial statement for any hierarchy level defined in the financial statement version. A financial statement version cannot include more than one company code, unless you are using FI-LC. A financial statement version displays either a balance sheet or a profit and loss statement, not both. The system can translate a financial statement into any currency for reporting purpose. Page 9

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40 a b c You define a financial statement version in two steps: Enter in the directory of financial statement versions Define hierarchy levels and assign accounts None of the above.

41 Drilldown reporting is a tool that enables you to analyze G/L account transaction figure and financial statements. TRUE False. 42 a b c d e 43 a b c d 44 a b c d Which of the following statements are correct? (3 right) A house bank can be assigned to a business area within the payment program configuration A house bank account can be defined in more than one currency The payments program can use a different House bank for each different payment method When creating a house bank, you do not need to specify the country. House bank master data must be created in advance, before assigning the House bank to a payment method in the payment program configuration. Screen layout rules control Field selection All are correct maintenance level reference/copies. In a payment method definition: Define allowed currency for company code Define allowed currency for country level Define a maximum and min payment Define house bank link.

45 Cash Journal can used to post following objects. (2 options right) TFIN50/TFIN52 MOCK 2/2013/ASF Page 10

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a b c d 46 a b c Asset Master Customer Material Master One time Customer. Various options available for creating value adjustments for receivables. LVA as a special g/l transaction Flat rate individual value adjustments Expense from flat rate value adjustments to value adjustments

47 When we enter 'V' in the 'invoice reference' field these are used to activate the payment terms on the... a Non-invoice related credit memos b Invoice related credit memos. 48 Closing activitiy of accrual engine a Reconciliation b Balance Carry Forward. 49 Which of the following accounts are updated directly?
Accounts in the group chart of accounts Accounts in the operating chart of accounts Accounts in the master chart of accounts Accounts in the country chart of accounts In your leading ledger (ledger solution), balance sheets must be created for company codes and segments.

50 Which Customizing settings do you need to make? (Choose two)

Define a retained earnings account. Define two retained earnings accounts and assign them to your P&L accounts. Assign the Segment Reporting scenario to your leading ledger. Activate cost of sales accounting.

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51 What do you define when you configure a dunning procedure?
Dunning levels and dunning charges for each dunning level Dunning levels and account determination to post dunning interest Dunning charges for each dunning level and customers to be dunned Dunning levels and the language of the dunning note

52 Which of the following factors determine the field status for vendors?
A. Account group, transaction, and company code B. Transaction, chart of accounts, and company code C. Account group, chart of accounts, and company code D. Account group, transaction, and chart of accounts

53 You configure the available amounts for bank accounts.

What happens to these available amounts during the payment run? A. They are set to zero. B. They are updated automatically, but have to be released by another user (dual control). C. They are updated automatically. D. They are not updated.

54 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? A. Create one FSV and enhance it with different sets of notes. B. Create one FSV and then save different variants based on the needs of the various groups. C. Create different versions of the same FSV. D. Create different FSVs based on the needs of the target group.

55 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? A. Activate the Line Item Display flag in the financial statement version. B. Use a drilldown report.

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C. Use the standard Financial Statements (RFBILA00) report. D. Run a line item report. In a payment run, the data entered for a payment method in the document may

56 differ from the master data. How does the system resolve this?
A. The payment run temporarily stops, and the system prompts you to correct the data After youhave corrected the data, the payment run continues. B. The payment run stops and the system issues an error message. C. Master data overrides document data. D. Document data overrides master data.

57 What can we define for the "Payment Method / Country" section, in the payment program configuration? Select 3
A. Define the master record requirements, i.e. address required, for each payment method. B. Document types to be used for posting and clearing documents for each payment method. Define the permitted currencies for each payment method. C. Define payment term allowed for each country. D. Forms for payment advice and EDI.

58 What can we say about "Bank selection" section, value date field, in the payment program configuration? Select 2
A. Used with the Currencies. B. Used with cash management and forecast. C. The offset account to the sub ledger posting. D. The number of days until value date plus the posting date. E. Define the permitted currencies for each payment method.

59 Down payments can be posted using a special G/L transaction. What is the main benefit of this functionality?
A. It posts down-payments to a reconciliation account that is different from that of ordinary payables and receivables. B. It shows data in the appendix of the balance sheet. C. It automatically creates the final invoice and clears down-payments against it. D. It automatically clears down-payment requests.

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You want to use external number assignment for specific document types.

60 What is the special feature of external number assignment?

A. The numbers can be alphanumeric. B. The number ranges can be used across all company codes. C. The system issues the numbers automatically. D. The number ranges can overlap.

61 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

62 Payment terms are company code dependent

A. True B. False

63 What is the difference between a partial payment and a residual payment?

A. The partial payment leaves the invoice as an open line item and posts a new line item for the residual payment amount. The residual payment clears the invoice and incoming payment and creates a new line item for the incoming payment. B. The partial payment leaves the invoice as an open line item and creates a new line item for the incoming payment. The residual payment clears the invoice and incoming payment and post a new line item for the residual payment amount. C. The partial payment clears the invoice and incoming payment and creates a new line item for the incoming payment. The residual payment leaves the invoice as an open line item and posts a new line item for the residual payment amount.

64 [Bank-Master Data] Bank master data records can also be manually: One or more is correct
A. On the general data section of customer & vendor masters.

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B. At one-time(account) document entry. C. In the account ID. D. When defining house bank.

65 Which parameters do you have to specify if you want to execute a payment run? (Choose two)
A. Currency B. Company code C. Bank account D. Payment method If a vendor is also a customer, it is possible to clear both roles against each other. Which settings

66 are necessary to implement this? (Choose two)

A. The payment program must be set up to allow debit checks for vendors and credit checks for customers. B. The vendor and the customer must be assigned to the same group account. C. The vendor number must be entered in the customer account or the customer number must be entered in the vendor account. D. The "Clearing with Vendor" field must be selected in the customer account, and the corresponding field must be selected in the vendor account.

67 What is a sending company code? (Please choose the correct sentence)

A. It is a company code that receives only actual data from the receiver company code. B. It is a company code that sends only planned data to the receiver company code. C. It is a company code that passes the responsibility for processing the outgoing payments to another company code. D. It is a company code that is responsible for processing the outgoing payments, E. It is a company code that has many plants.

68 What can we define for the "Paying Company Codes" section, in the payment program configuration? (3)
A. Intercompany payment relationships. B. Bill of exchange specifications.

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C. Minimum amounts for incoming and outgoing payments. D. Tolerances days for payments. E. Forms for payment advice and EDI.

69 What can we define for the "Payment Method / Country" section, in the payment program configuration? (4)
A. Define the master record requirements, i.e. address required, for each payment method. B. Document types to be used for posting and clearing documents for each payment method. Define the permitted currencies for each payment method. C. Define payment methods (check, bank transfer, etc.) for each country. D. Forms for payment advice and EDI.

70 What can we define for the "Payment Method / Company Code" section, in the payment program configuration? (4)
A. Bank optimization. B. Minimum and maximum payment amounts. C. Forms for payment media. D. Whether payments local and local currencies are allowed. E. Grouping options.

71 What characteristics are configured as standard for every customer/vendor account 2

A. Line Item Display. B. Company Code. C. Currency. D. Open Item Management. E. Purchasing Organization.

72 Consider the following statements: What is the right statement(s)? (3)

A. '+' symbol represents all account types in the posting period customizing screen. B. A company code must be assigned to a posting period variant to have the control for posting periods. C. The maximum amounts are defined per company code in "tolerance groups". D. It is not possible to assign tolerance groups to user logon ID'S.

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E. The account interval in the posting period customizing screen can be both G/L and subledger accounts.

73 About the change control, what conditions below are applicable? (3)
A. The document is not a credit memo from a down payment. B. The line item is either a debit in a customer account or a credit in a vendor account. C. The posting period is already closed. D. The document is a credit memo for an invoice. E. The line item is not yet cleared.

74 What are the prerequisites to enable negative postings? (3)

A. You have to define the document type that explicitly allows negative postings. B. You have to define reversal reasons for negative reversal. C. You have to reset cleared items. D. You have to ensure company code permits negative postings. You have to use cleared items.

75 Which of the statements are true 2

A. "Posting with clearing" function can be carried out for several accounts, account types and for any currency simultaneously. B. Open items are incomplete transactions, such as invoices that have not been paid. C. Items with withholding tax can be cleared for the automatic clearing program. D. You can only carry out the "posting with clearing" transaction manually. E. Documents with open items can be archived.

76 What are the three types of tolerances in the Fl component of the R/3 system (Please choose 1)
A. Company Code Groups, G/L Account tolerance groups and Customer/Vendor tolerance groups. B. Employee tolerance groups, G/L Account tolerance groups and Customer/Vendor tolerance groups. C. Employee tolerance groups, Assets tolerance groups and Customer/Vendor tolerance groups. D. Company Code Groups, Employee tolerance groups and Customer/Vendor tolerance groups. E. Employee tolerance groups, Material Stock tolerance groups and Customer/Vendor tolerance groups

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77 Please choose the right answers (4)
A. The system doesn't post the exchange rates differences as realized gains or losses. B. When the payment has been posted as a partial payment, all the documents remain in the account as open items. C. When the payment has been posted as a residual payment, only the residual value remains in the account and the original document and the payment are cleared. D. Realized exchange rate difference is the considered rate when an open item is cleared. E. G/L accounts must be defined for exchange rate losses or gains.

78 Which of them are valid business transaction types for cash journal? (4)
A. Revenue. B. Dunning C. Expense. D. Customer Incoming/Outgoing payments E. Vendor Incoming/Outgoing payments Cash transfer.

79 What can we define for the "All Company Codes" section, in the payment program configuration? 4
A. Salary payments also for another Company code B. Cash discount. C. Intercompany payment relationships. D. The company code(s) that process invoices E. The customer and vendor transactions to be processed. F. Tolerances days for payments.

80 If no grace period is defined system starts dunning procedure as soon as net due date is reached
A. false B. true

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