Cert 4 Flashcards
- Which of the following components make up an archiving object? (3)
a. DATA declaration part
b. CUSTOMIZING settings
c. PROGRAMS
- Your company code is assigned to two standard ledgers and one extension ledger. You post an invoice with one expense line item with a 10% VAT (sales) tax. How many line items are posted in the document entry view (table BSEG)?
a. 3
- Which fields of a financial accounting document influence the automatic payment program?(3)
a. Payment METHOD
b. Payment TERM
c. Payment BLOCK
- How can you default a value for the cost center in the entire asset class for buildings?
a. By changing the assigned SCREEN layout
- Identify the reasons for archiving data. (3)
a. IMPROVING response times and ensuring good response times
b. REDUCING the system downtime when carrying out software upgrades, recoveries, and (offline) database backups
c. LOWERING the effort involved in database administration
- Which general ledger account type do you select to perform activity cost allocations?
a. SECONDARY costs
- You need to enter a percentage rate in the terms of payment to calculate
a. CASH discount
- Which of the following segments contains the general data of a customer or vendor that can be accessed throughout the organization
a. CLIENT level
- You need to perform mid-year legacy system migration for assets in a new company code. Which data must you migrate?(3)
a. CLOSED year asset sale transactions
b. CURRENT year asset acquisition transactions
c. CURRENT year posted depreciation
- What is the main differentiating factor of posting a manual accrual document compared to other manual transactions?
REVERSAL REASON
- When a payment in foreign currency clears the amount of the invoice exactly in the foreign currency but in the local currency is more than the invoiced amount, what does the system do?
a. POST to profit from exchange rate differences
- What does the document type control? (2)
a. Whether NEGATIVE postings are permitted
b. Which ACCOUNT types are allowed for postings
- Which of the following logistic processes are involved in asset acquisition with materials management (MM)? (3)
a. PURCHASE requisition
b. PURCHASE order
c. GOODS receipt
- What is the difference between the ledger approach and the accounts approach to parallel valuation in asset accounting
a. In the ACCOUNTS approach, you assign a COMPLETELY SEPERATE set of accounts for each accounting principle, unlike the ledger approach
- You have an invoice for transport expenses for your assets under construction. These expenses can be capitalized per IFRS but not in the local GAAP. What is the best way to handle this?
a. Post the invoice to the assets under construction and MANAGE SETTLEMENT per depreciation area
