C-TFIN52-67 Exam Training Practice Tests (SAP Certified Application Associate - Financial Accounting with SAP ERP 6.0 EhP7)]

Question 1

You want to reconcile the amounts you have in a main bank G/L account in your system with the daily bank statement. You create a single intermediate G/L bank account for each bank. All transactions with the bank are posted through the intermediate account. Which of the following indicators do you have to activate in the G/L account characteristics of the intermediate account? (Choose two)

A. Open item management B. P&L statement account C. Reconciliation account for account type Bank D. Post automatically only E. Line item display

Correct Answer: A,E

Question 2

Your customer's Accounting department informs you that the company issues checks. They need to easily differentiate payments made by check. How can you facilitate this requirement?
Please choose the correct answer.
Response:

A. Use the payment term for checks. B. Use the payment method for checks. C. Customize a line item report that filters data according to the text field, and instruct users to enter the word "Check" in the field when entering such payments. D. Create an additional field in the coding block called Check.

Correct Answer: B

Question 3

What are the advantages of the Payment Medium Workbench (PMW)?
There are 3 correct answers to this question.
Response:

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

Correct Answer: B,C,D

Question 4

What additional options does parking documents offer compared to holding documents?
There are 2 correct answers to this question.
Response:

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

Correct Answer: B,C

Question 5

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

A. New General Ledger Accounting B. Profitability Analysis C. Special Purpose Ledger D. Profit Center Accounting

Correct Answer: A

Question 6

You receive a payment where the difference from the posted invoice is larger than the stated tolerance limit. How can you deal with this? (Choose two)

A. Split the received payment so that it falls below the tolerance limit. B. Increase the tolerance limit manually while posting the document. C. Post the difference as a residual item. D. Post the difference to an account assigned to a reason code.

Correct Answer: C,D

Question 7

Identify the main areas of the Implementation Roadmap from the items listed below?
There are 3 correct answers to this question.
Response:

A. IMG area B. Roadmap structure Attachments area C. Accelerator area D. Viewing / Text area

Correct Answer: A,B,D

Question 8

You entered a G/L account posting and received an error message which says that account type S is not allowed. Which object causes this error?
Please choose the correct answer.
Response:

A. Posting key B. Currency key C. Field status variant D. Document type

Correct Answer: D

Question 9

Which Customizing settings can you make for payment terms?
There are 3 correct answers to this question.
Response:

A. Determine that invoices are locked for dunning B. Determine whether a payment term is valid only for the vendor, only for the customer, or for both customer and vendor C. Determine a default currency code for the header of the accounting document D. Determine a default payment method for the line item E. Determine that invoices are locked for payment

Correct Answer: B,D,E

Question 10

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

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

Correct Answer: A

Question 11

Which of the following activities generates an FI document if real-time integration between CO and FI has been set up?
There are 2 correct answers to this question.
Response:

A. A test run for the settlement run of an asset under construction to a G/L account B. An assessment between cost centers in one company code with different functional areas C. A subsequent change of a segment in a CO document D. A distribution between cost centers that reside in two different controlling areas E. An assessment between cost centers that belong to two different company codes

Correct Answer: B,E

Question 12

Which of the following factors determine the field status for vendors?

A. Account group, chart of accounts, and company code B. Transaction, chart of accounts, and company code C. Account group, transaction, and chart of accounts D. Account group, transaction, and company code

Correct Answer: D

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