Free Financial Accounting with SAP ERP 6.0 EhP7 C_TFIN52_67 Exam Practice Test

What options do you have for posting an asset acquisition? (Choose three)

• Asset acquisition integrated with accounts payable
  
• Asset acquisition using a clearing account
  
• Asset acquisition posted via the payment program
  
• Asset acquisition posted via the accrual engine
  
• Asset acquisition posted from Materials Management
  

The organizational units of Financial Accounting are used for external reporting purposes that is, they fulfill requirements that your business is subject to from external parties (e.g. legal regulations) Which of the following Organizational units are Mandatory in an ERP system with Fl?There are 3 correct answers to this question.Response:

• Client
  
• Fiscal Year
  
• Business Area
  
• Company Code
  

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

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

Which of the following accounts are updated directly?

• Accounts in the group chart of accounts
  
• Accounts in the operating chart of accounts
  
• Accounts in the master chart of accounts
  
• Accounts in the country chart of accounts
  

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

• Chart of accounts
  
• Reconciliation account
  
• Currency
  
• Valuation method
  
• Valuation key
  

Which of the following describe characteristics of master data?There are 2 correct answers to this question.Response:

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

What are the prerequisites for posting a vendor invoice in Financial Accounting?There are 2 correct answers to this question.Response:

• You have maintained the currency exchange rates in the system.
  
• You have set up a number range for the vendor invoice document type.
  
• You have created a company code segment in the vendor master.
  
• You have updated the bank details section of the vendor.
  

What does the SAP Web AS provide?Please choose the correct answer.Response:

• J2EE and ABAP in a single environment
  
• Real-time data exchange with all SAP systems
  
• Master data harmonization across SAP NetWeaver
  
• Storage of all transactional documents in one single database
  

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?

• Create an additional field in the coding block called Check.
  
• Use the payment method for checks.
  
• Use the payment term for checks.
  
• 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.
  

A customer wants to use document splitting to enable balance sheets by segments. How do you set up the document split? (Choose two)

• Assign the splitting method to the transaction variant.
  
• Define a non-leading ledger for the split documents.
  
• Assign all document types to business transactions and business transaction variants.
  
• Define splitting rules.