SAP Certified Application Associate - Financial Accounting with SAP ERP 6.0 EhP7 (C-TFIN52-67) Free Practice Test

Question 1

Which of the following describe characteristics of master data?
There are 2 correct answers to this question.
Response:

A. Master data cannot be changed after creation.

B. Master data must be assigned on company code level.

C. Master data is used on a long-term basis for multiple business processes.

D. Master data is a template for transactional data.

E. Master data is typically assigned to organizational levels.

Correct Answer: C,E

Question 2

What do you use the Closing Cockpit for? Please choose the correct answer. Response:

A. To run reconciliation between CO and FI

B. To create mass change of offsetting days for existing activities

C. To perform day-to-day activities

D. To perform periodically recurring activities

Correct Answer: D

Question 3

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

A. Special Purpose Ledger

B. Profitability Analysis

C. Profit Center Accounting

D. New General Ledger Accounting

Correct Answer: D

Question 4

Which of the following objects can be used to derivate segments automatically?
Response:

A. Functional area

B. G/L account

C. Profit center

D. Cost center

Correct Answer: C

Question 5

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

A. Free offsetting entry

B. Automatic offsetting entry

C. Document parking

D. Interest

E. Noted item

Correct Answer: A,B,E

Question 6

The field status definitions from the account group and the transaction are considered for
each field. The field status definition with the higher priority is used.
Which priority sequence, going from the highest to the lowest, is correct?
Please choose the correct answer.
Response:

A. Optional Entry, Hide, Display, Required Entry

B. Display, Required Entry, Optional Entry, Hide

C. Hide, Display, Required Entry, Optional Entry

D. Required Entry, Optional Entry, Hide, Display

Correct Answer: C

Question 7

Which SAP NetWeaver component ensures company-wide unification of data and information in heterogeneous IT environments?
Please choose the correct answer.
Response:

A. Web Application Server (AS)

B. Master Data Management

C. Integration Broker

D. Enterprise Portal

Correct Answer: B

Question 8

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?

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

B. You have to create one master record for each customer.

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

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

Correct Answer: B

Question 9

Your customer runs an SAP system with New General Ledger Accounting activated. They want to run a valuation of accounts receivable that are posted in foreign currency. What do you have to do?

A. Set up a valuation method and assign it to a valuation area.

B. Set up a new exchange rate type and assign it to a valuation method.

C. Assign a valuation method to all customer master records that you want to valuate.

D. Set up the Valuation Cockpit to perform this task.

Correct Answer: A

Question 10

You have posted an incorrect amount in Financial Accounting. How can you correct this?
There are 2 correct answers to this question.
Response:

A. Reverse the document by negative posting.

B. Change the amount in the posted document.

C. Reverse the document by normal reversal posting.

D. Use a substitution to change the incorrect amount.

E. Delete the document.

Correct Answer: A,C

Question 11

What characteristics are configured as standard for every customer/vendor account?
There are 2 correct answers to this question.
Response:

A. Company Code.

B. Currency.

C. Purchasing Organization.

D. Line Item Display.

E. Open Item Management.

Correct Answer: D,E

Welcome to TestSimulate

SAP Certified Application Associate - Financial Accounting with SAP ERP 6.0 EhP7 (C-TFIN52-67) Free Practice Test