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

Which characteristics of account determination can be used to assign realized exchange rate differences to different G/L accounts?There are 3 correct answers to this question.Response:

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

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.
  

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
  

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

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

You are testing the payment program. The payment run has been executed. When you look at the program log you notice that the payment method check shows that part of the address is missing from the vendor master. In Customizing for payment programs, where can you see which data is mandatory?

• Paying company codes for payment transactions
  
• Company code data for the payment methods
  
• Country data for the payment methods
  
• Bank account determination
  

Your chief accountant would like to display company-owned cars separately in the balance sheet. These cars were previously included in the asset class 'factory and office equipment'. What do you have to configure?

• Create a new asset class, but use the same account determination.
  
• Create a new account determination, but no new asset class.
  
• Create evaluation groups to subdivide all assets of the class.
  
• Create a new asset class and a new account determination.
  

Which elements of a customer account are created when you maintain the account decentralized in Financial Accounting?Please choose the correct answer.Response:

• General data, company code data, and purchasing organization data
  
• General data and company code data
  
• General data, company code data, and sales area data
  
• General data and sales area data
  

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?There are 2 correct answers to this question.Response:

• Reconciliation account for account type Bank
  
• Line item display
  
• P&L statement account
  
• Post automatically only
  
• Open item management
  

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
  

On which level do you define depreciation keys?

• Company code
  
• Chart of accounts
  
• Asset class
  
• Chart of depreciation