C_TFIN52_67 Practice Questions Preview

Question 1

Multiple choice

What can we define into the chart of accounts customizing transaction (OB13 transaction)?

There are 4 correct answers to this question.

Response:

A
Description.
B
Maintenance language.
C
Length of the company code.
D
Length of the G/L account number.
E
Blocking / unblocking chart of accounts.

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Correct answersA, B, D, E

Question 2

Multiple choice

Which of the following lists can be printed to help you edit a dunning proposal?

There are 2 correct answers to this question.

Response:

A
Condensed master data
B
Blocked accounts
C
Blocked line items
D
Sales statistics

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Correct answersB, C

Question 3

Multiple choice

What is the purpose of account determination in the accrual engine?

There are 2 correct answers to this question.

Response:

A
To determine the document type
B
To determine the CO object
C
To determine debit and credit accounts
D
To determine the correct posting period

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Correct answersA, C

Question 4

Single choice

To which of the following does an asset class apply?

A
To all company codes in a controlling area
B
To all company codes in an instance (client-independent)
C
To all company codes in a client
D
To all company codes within a client, which share the same chart of accounts

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Correct answerC

Question 5

Single choice

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:

A
Activate transfer prices in Profit Center Accounting.
B
Set up the same group currency for all company codes and profit centers.
C
Deactivate document splitting for profit centers.
D
Assign the Profit Center Update scenario to the ledger.

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Correct answerD

Question 6

Single choice

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?

A
Profit Center Reorganization
B
Segment Reorganization
C
Profit Center Update Scenario
D
Segment Reporting

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Correct answerD

Question 7

Multiple choice

Which characteristics of account determination can be used to assign realized exchange rate differences to different G/L accounts? (Choose three)

A
Chart of accounts
B
Reconciliation account
C
Currency
D
Valuation method
E
Valuation key

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Correct answersA, B, C

Question 8

Multiple choice

You have posted an incorrect amount in Financial Accounting. How can you correct this?

There are 2 correct answers to this question.

Response:

A
Change the amount in the posted document.
B
Use a substitution to change the incorrect amount.
C
Delete the document.
D
Reverse the document by negative posting.
E
Reverse the document by normal reversal posting.

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Correct answersD, E

Question 9

Multiple choice

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

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Correct answersC, D

Question 10

Multiple choice

What additional options do parking documents offer compared to holding documents? (Choose two)

A
A parked document can be posted cross-client to minimize the total cost of ownership (TCO).
B
A parked document can be posted using a workflow.
C
A parked document can be changed and posted by another user, thereby supporting the principle of dual control.
D
A parked document can be posted via automatic speech recognition.

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Correct answersB, C

Question 11

Single choice

What do you use the Closing Cockpit for?

Please choose the correct answer.

Response:

A
To perform periodically recurring activities
B
To run reconciliation between CO and FI
C
To perform day-to-day activities
D
To create mass change of offsetting days for existing activities

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Correct answerA

Question 12

Multiple choice

If a vendor is also a customer, which settings are necessary to clear both roles against each other? (Choose two)

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

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Correct answersB, D

Question 13

Single choice

How can the short text field of a G/L account be changed?

A
Individually, in the company code segment
B
By making the change at the start of a new fiscal year
C
By making sure that the field status of the chart of accounts segment allows this
D
Centrally, in the chart of accounts segment

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Correct answerD

Question 14

Single choice

Which of the following is mandatory to make G/L accounts ready for posting?

A
A chart of accounts segment and at least one cost element
B
A company code segment and at least one cost element
C
A chart of accounts segment and at least one functional area
D
A chart of accounts segment and at least one company code segment

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Correct answerD

Question 15

Multiple choice

Which function can you use to generate inter-company posting documents? (Choose two)

A
Intercompany asset transfer
B
Central currency valuation
C
Central payment
D
Intercompany dunning

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Correct answersA, C

Question 16

Multiple choice

Your customer wants to use the Closing Cockpit for period end closing.

What major benefits of the Closing Cockpit do you highlight? (Choose two)

A
It enables the use of a task list covering all closing activities.
B
It optimizes legacy data transfer.
C
It closes the posting period automatically on the last day of the period.
D
It provides complete documentation of the activities performed during period-end closing.

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Correct answersA, D

Question 17

Multiple choice

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

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Correct answersB, D

Question 18

Single choice

Which of the following is mandatory to make G/L accounts ready for posting?

Please choose the correct answer.

Response:

A
A chart of accounts segment and at least one cost element
B
A company code segment and at least one cost element
C
A chart of accounts segment and at least one functional area
D
A chart of accounts segment and at least one company code segment

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Correct answerD

Question 19

Single choice

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?

A
Create a country-specific chart of accounts and assign it to the group chart of accounts.
B
Create a group chart of accounts and assign it to the company code.
C
Create a country-specific chart of accounts and assign it to the regular chart of accounts.
D
Create a country-specific chart of accounts and assign it to the company code.

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Correct answerD

Question 20

Single choice

Which of the following accounts are updated directly?

Please choose the correct answer.

Response:

A
Accounts in the group chart of accounts
B
Accounts in the operating chart of accounts
C
Accounts in the master chart of accounts
D
Accounts in the country chart of accounts

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Correct answerB

Question 21

Single choice

How does SAP support impairment posting?

A
By using new transaction codes for retirements
B
By using Segment Reporting
C
By using worklists
D
By using special depreciation keys

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Correct answerC

Question 22

Multiple choice

What are the advantages of the Payment Medium Workbench (PMW)? (Choose three)

A
It activates the automatic import of settings related to changes in payment transaction laws.
B
It provides a uniform set of functions for all kinds of payment methods.
C
It automatically creates direct debits.
D
It can be used to change payment formats without modifying the programs.
E
It can be used to create new payment formats.

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Correct answersB, D, E

Question 23

Single choice

Which of the following are the main components of a drilldown report?

A
Characteristics and key figures
B
Characteristics and variables
C
Variables and general selection criteria
D
Variables and key figures

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Correct answerA

Question 24

Single choice

Your customer wants to clear minor payment differences for incoming payments automatically.

Which objects do you have to use to fulfill this requirement?

A
Tolerance groups for employees and tolerance groups for document types
B
Tolerance groups for employees and tolerance groups for customers/vendors
C
Tolerance groups for G/L accounts and tolerance groups for employees
D
Tolerance groups for G/L accounts and tolerance groups for customers/vendors

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Correct answerB