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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.

Group chart of accounts

B.

Country-specific chart of accounts

C.

Operating chart of accounts

D.

Plant-specific chart of accounts

A company code is...

Please choose the correct answer.

Response:

A.

An independent accounting entity (the smallest organization element for which a complete self-

contained set of accounts can be drawn up).

B.

An organizational unit in an enterprise that represents a closed system used for cost accounting purposes.

C.

An organizational unit that provides an additional evaluation level for the purpose of segment reporting, for example.

D.

A dependent accounting entity, according to Fiscal Year.

E.

The highest level in the R/3 system hierarchy.

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

Which of the following describe characteristics of master data?

There are 2 correct answers to this question.

Response:

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.

What do you use the Closing Cockpit for?

Please choose the correct answer.

Response:

A.

To perform periodically recurring activities

B.

To run reconciliation between CO and FI

C.

To perform day-to-day activities

D.

To create mass change of offsetting days for existing activities

How does SAP support impairment posting?

A.

By using new transaction codes for retirements

B.

By using Segment Reporting

C.

By using worklists

D.

By using special depreciation keys

What does the year-end closing program do in Asset Accounting?

There are 2 correct answers to this question.

Response:

A.

It opens new annual value fields for each asset.

B.

It checks whether depreciation and assets are fully posted.

C.

It checks whether the previous year has been closed in Financial Accounting.

D.

It checks whether assets contain errors or are incomplete.

A customer wants to create a report that is to be run on a monthly basis showing documents within a specific range for a specific company code that have been posted within the current month. How can you create this type of report?

A.

• Create a Compact Document Journal report.

• After running the report, save it to your desktop, where it can be updated every month.

B.

• Create a Compact Document Journal report.

• Enter the values for the document interval and company code.

• After saving this as a variant, add an appropriate D (Dynamic Date Calculation) variable for the posting date on the Variant Attributes screen.

C.

• Create a G/L Account Balances report.

• Enter the values for the document range and company code.

• After saving this as a variant, add an appropriate D (Dynamic Date Calculation) variable for the posting date on the Variant Attributes screen.

D.

• Create a Compact Document Journal report.

• Enter the values for the document range and company code.

• After saving this as a variant, add an appropriate T (Table) variable for the posting date on the Variant Attributes screen.

Your customer is running an SAP ERP system with New General Ledger Accounting activated. All scenarios, but no customer fields, are assigned to the leading ledger. Which objects in the totals table (FAGLFLEXT) can be evaluated with drilldown reports?

A.

Segments, profit centers, cost centers, business areas, functional areas

B.

Profit centers, cost centers, business areas, functional areas, divisions

C.

Business areas, functional areas, segments, profit centers, user IDs

D.

Cost centers, business areas, functional areas, segments, tax codes

When dealing with financial statement versions (FSVs), how do you ensure that the requirements of the various target groups (for example auditors, tax authorities, and banks) are satisfied?

A.

Create one FSV and enhance it with different sets of notes.

B.

Create one FSV and then save different variants based on the needs of the various groups.

C.

Create different versions of the same FSV.

D.

Create different FSVs based on the needs of the target group.