SAP Certified Application Associate - Financial Accounting with SAP ERP 6.0 EHP4 Set 4

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SAP Certified Application Associate - Financial Accounting with SAP ERP 6.0 EHP4 Set 4

True or false? Please choose the correct answers (2)

The payment terms of a credit memo usually do not apply, and the due date is either the due date of the associated invoice or the baseline date of the document. Every dunning procedure must have at least four dunning levels. An account is only dunned if all the overdue items have exceeded the minimum days in arrears. The dunning run updates the dunning data in the dunned items and accounts. A dunning notice is only sent if the dunning data has changed since the last dunning run or if "Alwaysdun?" is selected.

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Answer & Solution

Answer: Option B

Solution:

It provides fallback for IE8.

True or false? Please choose the correct answers (3)

There are two types of interest calculation in SAP R/3: account balance and interest on arrears. Account balance interest calculation is applied to individual items in accounts receivable or accountspayable. Account master data must contain an interest calculation indicator for interest calculation to take place. On a given account, SAP R/3 cannot calculate different interest rates based on the amounts of balancesor items. You can configure SAP R/3 to calculate interest for customers or vendors that owe you money.You cannot calculate interest, however, if you owe your business partner money.

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Answer & Solution

Answer: Option B

Solution:

It provides fallback for IE8.

Consider the following statement about Correspondence:
A______ <1>______represents a type of letter in the system. Each______<1> has a
corresponding_____<2>_____. Each_____<2> has a selection variant. Each_____<3>_____is assigned a SAPScriptform.
Please choose the option that substitutes <1>, <2> and <3>, respectively:

correspondence, correspondence type, print program. ✘ correspondence type, SAP Script form, print program. ✘ print program, program, correspondence type. ✘ correspondence type, print program, program. ✔ program, print program, correspondence type. ✔

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Answer & Solution

Answer: Option B

Solution:

It provides fallback for IE8.

True or false? Please choose the correct answers (3)

You can void a check without reversing the payment document. You can void a check and reverse the payment document at the same time. You can void a check and reverse the payment document and the vendor invoice all at the same time. You have to maintain customer bank details manually in the master record to ensure that as manyincoming payments are assigned as possible. You can define as many financial statement versions as you need to prepare reports according tovarious criteria, for example, for tax authorities, for other external users and for internal purposes.

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Answer & Solution

Answer: Option B

Solution:

It provides fallback for IE8.

Consider the following statements: Which of the statements are false (Note: we can have more than one correct sentence. Please select the sentences you think they are correct)? (2)

Balance confirmations are done at the beginning of the fiscal year. You carry out the foreign currency valuation after you have created the financial statements. You can use SAPF100 report to regroup and sort the receivables and payables. You enter individual value adjustments (IVA) as a special G/L transaction E. You can use the SAPF107 program ("Additional valuations") to carry out a flat-rate individual valueadjustment.

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Answer & Solution

Answer: Option B

Solution:

It provides fallback for IE8.

Consider the following statements:
1) The profit and loss statement can be created using two types of accounting: ____<1> ____and____<2>______.
2) In____<1> ____ the total output of a period and the total costs of this period are summarized
3) In____<2>____ the sales revenue for a period and the sales costs of the period are summarized
4) You can derive the____<3>____via a substitution rule, if it cannot be entered in the master data.
Please choose the option that substitutes <1>, <2> and <3>, respectively:

cost of sales accounting, functional area, period accounting ✘ functional area, period accounting, cost of sales accounting ✘ period accounting, cost of sales accounting, functional area ✘ functional area, cost of sales accounting, period accounting ✔ period accounting, functional area, cost of sales accounting ✔

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Answer & Solution

Answer: Option B

Solution:

It provides fallback for IE8.

What is the intention when we create accruals (Please choose the correct option)? (1)

It means the expense/revenue were posted to the current period on receipt/issue of an invoice, but
economically they belong, at least partially, in a future period. ✘ It means the expense/revenue belong in the current period and are only posted to a subsequent periodonce an invoice has been received or issued. ✘ It means the payment won't never occur. ✘ It means it is a special G/L transaction. ✔ It means it is a normal Fl Document (document type SA). ✔

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Answer & Solution

Answer: Option B

Solution:

It provides fallback for IE8.

Consider the following sentences:
Which of the sentences is false (Please choose the correct option)?

The Accrual Engine is a generic tool for calculating and creating accrual postings. ✘ One of the disadvantages of being using the Accrual Engine is that you can make periodic accrualspostings automatically as performance optimized mass data processing using an accrual run. ✘ You have to create deferrals when an expense or revenue is posted in the current period, but is incurredor earned partly or completely in the future. ✘ The purpose of the account determination in the Accrual Engine is: determine the document type, thedebit account and the credut account. ✔ One of the benefits provided by the Schedule Manager is the closing process is more transparent andeasier to handle. ✔

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Answer & Solution

Answer: Option B

Solution:

It provides fallback for IE8.

Consider the following statements:
1) It is the highest reporting level for profitability and sales and marketing controlling, and the central organizational unit in Profitability Analysis (CO-PA) used to segment and structure the market.
2) It is used to break an organization down according to production, procurement and other considerations.
3) It represents a particular level of operations and managerial area and you can generate balance sheets and profit and loss statements on the basis of it.
What are they related to:

Controlling Area, Company Code and Business Area, respectively. ✘ Profitability Analysis Code, Company Code and Plant, respectively. ✘ Operating Concern, Company Code and Plant, respectively. ✘ Controlling Area, Plant and Business Area, respectively. ✔ Operating Concern, Plant and Business Area, respectively. ✔

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Answer & Solution

Answer: Option B

Solution:

It provides fallback for IE8.

10.

Consider the following statements: Which of the following options is correct? (2)

Controlling areas are organizational units within a company where cost accounting is performed. A controlling area cannot contain more than one company code. The company codes assigned to a controlling area must all use the same operational chart of accounts

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Answer & Solution

Answer: Option B

Solution:

It provides fallback for IE8.

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SAP Certified Application Associate - Financial Accounting with SAP ERP 6.0 EHP4 Set 4

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