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
[Link] 1/33
5/25/22, 5:12 PM SAP Certified Application Associate - Financial Accounting with SAP ERP - Full | ERPPrep
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:
[Link] 2/33
5/25/22, 5:12 PM SAP Certified Application Associate - Financial Accounting with SAP ERP - Full | ERPPrep
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
[Link] 3/33
5/25/22, 5:12 PM SAP Certified Application Associate - Financial Accounting with SAP ERP - Full | ERPPrep
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.
[Link] 4/33
5/25/22, 5:12 PM SAP Certified Application Associate - Financial Accounting with SAP ERP - Full | ERPPrep
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.
[Link] 5/33
5/25/22, 5:12 PM SAP Certified Application Associate - Financial Accounting with SAP ERP - Full | ERPPrep
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.
[Link] 6/33
5/25/22, 5:12 PM SAP Certified Application Associate - Financial Accounting with SAP ERP - Full | ERPPrep
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 [Link].
[Link] 7/33
5/25/22, 5:12 PM SAP Certified Application Associate - Financial Accounting with SAP ERP - Full | ERPPrep
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:
[Link] 8/33
5/25/22, 5:12 PM SAP Certified Application Associate - Financial Accounting with SAP ERP - Full | ERPPrep
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.
[Link] 9/33
5/25/22, 5:12 PM SAP Certified Application Associate - Financial Accounting with SAP ERP - Full | ERPPrep
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
[Link] 10/33
5/25/22, 5:12 PM SAP Certified Application Associate - Financial Accounting with SAP ERP - Full | ERPPrep
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
[Link] 11/33
5/25/22, 5:12 PM SAP Certified Application Associate - Financial Accounting with SAP ERP - Full | ERPPrep
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.
[Link] 12/33
5/25/22, 5:12 PM SAP Certified Application Associate - Financial Accounting with SAP ERP - Full | ERPPrep
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
[Link] 13/33
5/25/22, 5:12 PM SAP Certified Application Associate - Financial Accounting with SAP ERP - Full | ERPPrep
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
[Link] 14/33
5/25/22, 5:12 PM SAP Certified Application Associate - Financial Accounting with SAP ERP - Full | ERPPrep
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
feedback@[Link] 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
[Link] 15/33
5/25/22, 5:12 PM SAP Certified Application Associate - Financial Accounting with SAP ERP - Full | ERPPrep
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
[Link] 16/33
5/25/22, 5:12 PM SAP Certified Application Associate - Financial Accounting with SAP ERP - Full | ERPPrep
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
[Link] 17/33
5/25/22, 5:12 PM SAP Certified Application Associate - Financial Accounting with SAP ERP - Full | ERPPrep
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.
[Link] 18/33
5/25/22, 5:12 PM SAP Certified Application Associate - Financial Accounting with SAP ERP - Full | ERPPrep
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
[Link] 19/33
5/25/22, 5:12 PM SAP Certified Application Associate - Financial Accounting with SAP ERP - Full | ERPPrep
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
[Link] 20/33
5/25/22, 5:12 PM SAP Certified Application Associate - Financial Accounting with SAP ERP - Full | ERPPrep
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
[Link] 21/33
5/25/22, 5:12 PM SAP Certified Application Associate - Financial Accounting with SAP ERP - Full | ERPPrep
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
[Link] 22/33
5/25/22, 5:12 PM SAP Certified Application Associate - Financial Accounting with SAP ERP - Full | ERPPrep
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
[Link] 23/33
5/25/22, 5:12 PM SAP Certified Application Associate - Financial Accounting with SAP ERP - Full | ERPPrep
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
[Link] 24/33
5/25/22, 5:12 PM SAP Certified Application Associate - Financial Accounting with SAP ERP - Full | ERPPrep
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
[Link] 25/33
5/25/22, 5:12 PM SAP Certified Application Associate - Financial Accounting with SAP ERP - Full | ERPPrep
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.
[Link] 26/33
5/25/22, 5:12 PM SAP Certified Application Associate - Financial Accounting with SAP ERP - Full | ERPPrep
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:
[Link] 27/33
5/25/22, 5:12 PM SAP Certified Application Associate - Financial Accounting with SAP ERP - Full | ERPPrep
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
[Link] 28/33
5/25/22, 5:12 PM SAP Certified Application Associate - Financial Accounting with SAP ERP - Full | ERPPrep
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.
[Link] 29/33
5/25/22, 5:12 PM SAP Certified Application Associate - Financial Accounting with SAP ERP - Full | ERPPrep
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
[Link] 30/33
5/25/22, 5:12 PM SAP Certified Application Associate - Financial Accounting with SAP ERP - Full | ERPPrep
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.
[Link] 31/33
5/25/22, 5:12 PM SAP Certified Application Associate - Financial Accounting with SAP ERP - Full | ERPPrep
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:
[Link] 32/33
5/25/22, 5:12 PM SAP Certified Application Associate - Financial Accounting with SAP ERP - Full | ERPPrep
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.
Money Back Guarantee Testimonial FAQs Privacy Policy Terms and Conditions About Us Join Us
Contact Us
[Link] 33/33