C_TFIN52_67 Online Practice Questions and Answers

Which transactions in the procurement process with valuated goods receipt create documents in FI? (Choose two)

A. Create purchase requisition

B. Create purchase order

C. Post valuated goods receipt

D. Enter invoice receipt

The organizational units of Financial Accounting are used for external reporting purposes that is, they fulfill requirements that your business is subject to from external parties (e.g. legal regulations) Which of the following Organizational units are Mandatory in an ERP system with Fl?

There are 3 correct answers to this question.

Response:

A. Client

B. Fiscal Year

C. Business Area

D. Company Code

While posting a G/L document, two different field statuses (for the posting key and the G/L account) have

an impact on the posting.

What happens if one field status is set to Required Entry and the other one to Hidden Entry?

Please choose the correct answer.

Response:

A. The field will be hidden.

B. The document can be posted anyway.

C. The field will be available for entry.

D. An error message will occur.

Your customer is running an SAP ERP system with New General Ledger Accounting activated. All

scenarios, but no customer fields, are assigned to the leading ledger.

Which objects in the totals table (FAGLFLEXT) can be evaluated with drilldown reports?

A. Segments, profit centers, cost centers, business areas, functional areas

B. Profit centers, cost centers, business areas, functional areas, divisions

C. Business areas, functional areas, segments, profit centers, user IDs

D. Cost centers, business areas, functional areas, segments, tax codes

How do you prevent duplicate vendors from being created?

There are 2 correct answers to this question. Response:

A. Activate master data comparison for the vendor.

B. Activate message control for the duplicate vendor check.

C. Run the Vendor De-Duplication report.

D. Use matchcode to check whether the vendor already exists.

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

How do you implement parallel accounting in Asset Accounting?

A. By using two asset classes

B. By using an extra chart of accounts

C. By using two depreciation areas

D. By using two different charts of depreciation

Which steps are necessary to run a payment program? (Choose three)

A. Schedule print

B. Start transfer of open items to the payment program

C. Configure open item list

D. Maintain parameters

E. Start proposal run or payment run

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

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

A. Open item analysis for liquidity forecast

B. Regrouping and sorting of payables and receivables

C. Credit check and rating of open items

D. Adjustment postings for changed reconciliation accounts

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

What do you define when you configure a dunning procedure?

A. Dunning levels and dunning charges for each dunning level

B. Dunning levels and account determination to post dunning interest

C. Dunning charges for each dunning level and customers to be dunned

D. Dunning levels and the language of the dunning note

What are the prerequisites for posting a vendor invoice in Financial Accounting? (Choose two)

A. You have maintained the currency exchange rates in the system.

B. You have set up a number range for the vendor invoice document type.

C. You have created a company code segment in the vendor master.

D. You have updated the bank details section of the vendor.

What does the year-end closing program do in Asset Accounting? (Choose two)

A. It opens new annual value fields for each asset.

B. It checks whether depreciation and assets are fully posted.

C. It checks whether the previous year has been closed in Financial Accounting.

D. It checks whether assets contain errors or are incomplete.

In your leading ledger (ledger solution), balance sheets must be created for company codes and

segments.

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

A. Define a retained earnings account.

B. Define two retained earnings accounts and assign them to your PandL accounts.

C. Assign the Segment Reporting scenario to your leading ledger.

D. Activate cost of sales accounting.