C_TFIN52_67 Exam Training Practice Tests (SAP Certified Application Associate - Financial Accounting with SAP ERP 6.0 EhP7)]

Question 1

You have two house banks. Each house bank has three bank accounts. How many separate G/L accounts do you recommend the customer creates in the chart of accounts?
Please choose the correct answer.
Response:

A. Two - one for each house bank B. One for all postings C. Three - one for each bank account D. Six - one for each combination of house bank and bank account

Correct Answer: D

Question 2

Identify the benefits of SAP Solution Manager?
There are 5 correct answers to this question.
Response:

A. Reduced cost of operation B. More reliable IT solutions C. More leverage from IT investments D. Reduced cost of implementation E. Faster ROI F. Reduced ROI

Correct Answer: A,B,C,D,E

Question 3

Which object has to be used to avoid a change of the reconciliation account in the customer's master data?
Please choose the correct answer.
Response:

A. The field status group of the reconciliation account. B. The field status of the activity. C. The field status of the customer account group. D. The field status of the posting key.

Correct Answer: B

Question 4

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

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

Correct Answer: A,D,E

Question 5

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

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

Correct Answer: C

Question 6

Which of the following task types are supported by the Closing Cockpit or Schedule Manager? (Choose three)

A. Notes (as a reminder or milestone) B. Spreadsheets C. Programs with or without variant D. Transactions E. Reconciliation keys

Correct Answer: A,C,D

Question 7

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 8

You can configure different types of Chart of Accounts in the ERP system. Which one of the following are TRUE Chart of Accounts?
There are 3 correct answers to this question.
Response:

A. Plant-specific chart of accounts B. Country-specific chart of accounts C. Group chart of accounts D. Operating chart of accounts

Correct Answer: B,C,D

Question 9

What do you define when you configure a dunning procedure?

A. Dunning levels and dunning charges for each dunning level B. Dunning levels and account determination to post dunning interest C. Dunning charges for each dunning level and customers to be dunned D. Dunning levels and the language of the dunning note

Correct Answer: A

Question 10

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

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

Correct Answer: B,D

Question 11

On which level do you define depreciation keys?

A. Asset class B. Company code C. Chart of depreciation D. Chart of accounts

Correct Answer: C

Question 12

You set up a new account group. Which Customizing settings for vendors can you control directly in this account group? (Choose two)

A. The number range of master data accounts B. The fields that are available during posting to vendor accounts C. The company codes that can be used for the account group D. The One-Time Account checkbox E. The sensitive fields for dual control

Correct Answer: A,D

Question 13

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

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

Correct Answer: A,D,E

SAP Certified Application Associate - Financial Accounting with SAP ERP 6.0 EhP7 - C_TFIN52_67 Exam Practice Test