SAP C_TFIN52_66 Online Practice Questions and Exam Preparation

SAP C_TFIN52_66 Online Questions & Answers

• Question 11:

  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.
  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.

• Question 12:

  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? (Choose two)

  A. You must specify the asset value date.
  B. You must post the sale against an asset that has an acquisition.
  C. You must use posting key 75 (credit asset) and select the specific asset sale in the account field.
  D. You must calculate and input the profit or loss from the asset sale in a separate line during posting.
  A. You must specify the asset value date.
  B. You must post the sale against an asset that has an acquisition.

• Question 13:

  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.
  D. Create a country-specific chart of accounts and assign it to the company code.

• Question 14:

  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 new exchange rate type and assign it to a valuation method.
  B. Assign a valuation method to all customer master records that you want to valuate.
  C. Set up a valuation method and assign it to a valuation area.
  D. Set up the Valuation Cockpit to perform this task.
  C. Set up a valuation method and assign it to a valuation area.

• Question 15:

  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?

  A. Optional Entry, Hide, Display, Required Entry
  B. Hide, Display, Required Entry, Optional Entry
  C. Required Entry, Optional Entry, Hide, Display
  D. Display, Required Entry, Optional Entry, Hide
  B. Hide, Display, Required Entry, Optional Entry

• Question 16:

  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
  D. A chart of accounts segment and at least one company code segment

• Question 17:

  Which of the following describe characteristics of master data? (Choose two)

  A. Master data is used on a long-term basis for multiple business processes.
  B. Master data is typically assigned to organizational levels.
  C. Master data must be assigned on company code level.
  D. Master data cannot be changed after creation.
  E. Master data is a template for transactional data.
  A. Master data is used on a long-term basis for multiple business processes.
  B. Master data is typically assigned to organizational levels.

• Question 18:

  You configure the available amounts for bank accounts.

  What happens to these available amounts during the payment run?

  A. They are set to zero.
  B. They are updated automatically, but have to be released by another user (dual control).
  C. They are updated automatically.
  D. They are not updated.
  D. They are not updated.

• Question 19:

  Which activity has an impact on the net book value of an asset?

  A. Changing the account determination
  B. Changing the useful life of the asset
  C. Changing the assigned cost center
  D. Changing the assigned WBS element
  B. Changing the useful life of the asset

• Question 20:

  What are the benefits of using the accrual engine? (Choose three)

  A. The accrual engine can correct accruals in the previous month even if that period is closed.
  B. The accrual engine is client-independent.
  C. The accrual engine calculates the accrual amounts automatically.
  D. The accrual engine can simulate planned future accruals.
  E. The accrual engine supports parallel accounting.
  C. The accrual engine calculates the accrual amounts automatically.
  D. The accrual engine can simulate planned future accruals.
  E. The accrual engine supports parallel accounting.