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SAP FICO > FICO Certification > Flashcards

FICO Certification Flashcards

1
Q

What is the recommended field status setting for fields in the customer-vendor account groups in the Financial Accounting customizing?
Please choose the correct answer.

_____________

Required
Display
Hide
Optional

A

Response:

Required
Display
Hide
> Optional

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2
Q

Which of the following retirement types is referred to as scrapping?
Please choose the correct answer.

_________

Partial retirement without revenue and without customer

Complete retirement with revenue but without customer

Unplanned depreciation of remaining value

Complete integrated asset retirement

A

> Partial retirement without revenue and without customer

Complete retirement with revenue but without customer

Unplanned depreciation of remaining value

Complete integrated asset retirement

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3
Q

True or False: In an environment of systems using SAP HANA, you can perform both OLAP and OLTP processing without duplication of the data for the SAP BW and SAP ERP systems.
____________
True
False

A

> True
False

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4
Q

What kind of automated checks are available for the financial statement version?

There are 2 correct answers to this question.

____________

Check for incorrectly assigned accounts

Check for accounts assigned to one side only

Check for duplicate item keys

Check the financial statement notes for non-noted item accounts

A

> Check for incorrectly assigned accounts

> Check for accounts assigned to one side only

Check for duplicate item keys

Check the financial statement notes for non-noted item accounts

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5
Q

What dunning-related data do you maintain on the business partner master record?
There are 3 correct answers to this question.
____
Dunning procedure
Dunning block
Dunning area
Dunning interval
Dunning key

A

-> Dunning procedure
-> Dunning block
-> Dunning area
Dunning interval
Dunning key

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6
Q

Which values can be posted to a specific ledger?
There are 3 correct answers to this question.
_________
Currency valuation
Taxes
Depreciation
Accruals
Payments

A

Currency valuation
Taxes
-> Depreciation
-> Accruals
-> Payments

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7
Q

What can you control with the reason code in Accounts Receivable?
There are 3 correct answers to this question.
___________
The exclusion of disputed residual items from credit limit checks

The type of payment notice sent to a customer

The account where a residual item is posted

The special G/L indicator for the down payment

The document type of the payment

A

-> The exclusion of disputed residual items from credit limit checks

-> The type of payment notice sent to a customer

-> The account where a residual item is posted

The special G/L indicator for the down payment

The document type of the payment

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7
Q

Which of the options are types of user fields?
There are 2 correct answers to this question.
____________
Asset Super Number
Evaluation Group
Group Asset
Serial Number

A

-> Asset Super Number
-> Evaluation Group
Group Asset
Serial Number

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7
Q

What can you do with asset accounting in SAP S/4HANA Finance?
There are 3 correct answers to this question.
_________
Define transaction types by depreciation area

Assign separate settlement rules for depreciation areas.

Simultaneously post separate values by depreciation area.

Post revenue for retirements by acquisition and production cost.

Complete periodic acquisition and production cost adjustments postings.

A

Define transaction types by depreciation area

-> Assign separate settlement rules for depreciation areas.

-> Simultaneously post separate values by depreciation area.

-> Post revenue for retirements by acquisition and production cost.

Complete periodic acquisition and production cost adjustments postings.

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8
Q

When should fiscal year close for asset accounting be carried out?
Please choose the correct answer.
__________
When the last nonspecial period of the previous year is closed

When the previous fiscal year is closed

Directly before balance carryforward

Directly after balance carryforward

A

When the last nonspecial period of the previous year is closed

-> When the previous fiscal year is closed

Directly before balance carryforward

Directly after balance carryforward

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9
Q

Identify the fields that cannot be changed while changing parked documents.
There are 3 correct answers to this question.
_____________
Document type or document number
Company code
Account assignment objects
Currency

A

-> Document type or document number
-> Company code
Account assignment objects
-> Currency

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10
Q

Which business partner categories are available to manage relationships?
There are 2 correct answers to this question.
__________
Bank
Customer
Person
Organization

A

Bank
Customer
-> Person
-> Organization

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11
Q

Which date is used to determine the depreciation start date?
Please choose the correct answer.
___________
Asset value date
Posting date
Acquisition date
Baseline date

A

-> Asset value date
Posting date
Acquisition date
Baseline date

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12
Q

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?
Please choose the correct answer.
_________
Leave the amount as an open item to be reconciled with open amounts in the future.

Adjust the local currency amount to clear the invoice exactly.

Return the difference back to the customer.

Post to profit from exchange rate differences.

A

Leave the amount as an open item to be reconciled with open amounts in the future.

Adjust the local currency amount to clear the invoice exactly.

Return the difference back to the customer.

-> Post to profit from exchange rate differences.

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13
Q

Which of the following components make up an archiving object?
There are 3 correct answers to this question.
________
Customizing settings
Programs
Variables
Data declaration part

A

-> Customizing settings
-> Programs
Variables
-> Data declaration part

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14
Q

Which of the following information is entered in the chart of accounts segment of a G/L account?
There are 3 correct answers to this question.
__________
Currency fields
Account number
Control fields
Consolidation fields

A

Currency fields
-> Account number
-> Control fields
-> Consolidation fields

15
Q

A maximum of how many special/valuation periods can be open at the same time?
Please choose the correct answer.
__________
16
2
1
4

A

16
2
1
-> 4

16
Q

You perform foreign currency valuation for open items of your supplier accounts. The valuations will be used only for period end reporting and should then be reversed.
What account does the system use to post the valuation differences?
Please choose the correct answer.
__________
Alternative reconciliation G/L account
Individual supplier accounts with special G/L indicator
Supplier reconciliation G/L account
Adjustment G/L account for foreign currency

A

Alternative reconciliation G/L account
Individual supplier accounts with special G/L indicator
Supplier reconciliation G/L account
-> Adjustment G/L account for foreign currency

17
Q

Which statements best describe a chart of depreciation?
There are 2 correct answers to this question.
__________
A chart of depreciation contains multiple depreciation areas with a provision for addition and deletion of depreciation areas.

A chart of depreciation is company-code-specific; therefore, two company codes CANNOT use the same chart of depreciation.

A chart of depreciation is a country-specific object that is delivered with SAP S/4HANA.

A chart of depreciation is mandated by a country’s statutory requirement and should be adopted as is.

A

-> A chart of depreciation contains multiple depreciation areas with a provision for addition and deletion of depreciation areas.

A chart of depreciation is company-code-specific; therefore, two company codes CANNOT use the same chart of depreciation.

-> A chart of depreciation is a country-specific object that is delivered with SAP S/4HANA.

A chart of depreciation is mandated by a country’s statutory requirement and should be adopted as is.

18
Q

You want to post journal entries in a special period. Which conditions must be met?
There are 2 correct answers to this question.
_______
The balance carry-forward to the new fiscal year must have taken place.

You must enter a posting date in the last posting period.

You must have specific authorization to post in special periods.

The special period must be open for posting in the period control.

A

The balance carry-forward to the new fiscal year must have taken place.

-> You must enter a posting date in the last posting period.

You must have specific authorization to post in special periods.

-> The special period must be open for posting in the period control.

19
Q

Which business partner categories does the system support?
There are 3 correct answers to this question.
________
Agency
Person
Public sector
Organization
Group

A

Agency
-> Person
Public sector
-> Organization
-> Group

20
Q

What can you change for items that are in the exceptions list of the payment proposal?
There are 3 correct answers to this question.
________
Payment method
Bank selection
Payment term
Payment block
Reason code

A

-> Payment method
-> Bank selection
Payment term
-> Payment block
Reason code

21
Q

What account types can you use to classify general ledger accounts in SAP S/4HANA?
There are 3 correct answers to this question.
____________
Field status group
Secondary costs
Balance sheet
Reconciliation accounts
Non-operating expense or income

A

Field status group
-> Secondary costs
-> Balance sheet
Reconciliation accounts
-> Non-operating expense or income

22
Q

Your SAP S/4HANA system is integrated with controlling. You perform cost of sales accounting, and you report your profit and loss per profit center.

When posting a supplier invoice to a primary cost account, which field is mandatory by standard procedures?

Please choose the correct answer.

Response:

Cost Center
Segment
Functional Area
Business Area

A

-> Cost Center
Segment
Functional Area
Business Area

23
Q

What is shared between all deployment options for SAP S/4HANA (Cloud, On-Premise)?
There are 3 correct answers to this question.

Response:

Configuration scope
User experience
Upgrade intervals
Code line
Data model

A

-> Configuration scope
-> User experience
Upgrade intervals
Code line
-> Data model

24
Q

When you create multiple similar asset master records, which of the following fields allow you to make separate entries for each individual asset?
There are 3 correct answers to this question.

Response:

Inventory number
License plate number
Cost center
Description of the asset

A

-> Inventory number
License plate number
-> Cost center
-> Description of the asset

25
Q

What setting must be identical between the company code and controlling area?
Please choose the correct answer.

Response:

The number otposting periods.
The fiscal year variant key
The number of postings and special periods
The number of special periods

A

The number otposting periods.
-> The fiscal year variant key
The number of postings and special periods
The number of special periods

26
Q

Which of the following is an example of an automatic offsetting entry?
Please choose the correct answer.

Response:

Down payment request

Bank posting of a received down payment

Posting of a guarantee of payment

A

Down payment request

Bank posting of a received down payment

-> Posting of a guarantee of payment

27
Q

How do you configure depreciation areas in SAP S/4HANA?
There are 2 correct answers to this question.

Response:

Ensure each accounting principle is assigned to a depreciation area.

Assign depreciation area 01 to the leading ledger.

Ensure depreciation areas always post to the general ledger.

Assign a ledger group to each depreciation area.

A

Ensure each accounting principle is assigned to a depreciation area.

Assign depreciation area 01 to the leading ledger.

-> Ensure depreciation areas always post to the general ledger.

-> Assign a ledger group to each depreciation area.

28
Q

You need to make the line item text field mandatory during document entry. Which objects should you analyze to fulfill this request?
There are 2 correct answers to this question.

Response:

Document type

Account group

G/L account

Posting key

A

Document type

Account group

-> G/L account

-> Posting key

29
Q

You want to edit a dunning proposal. Which actions can you perform to edit a dunning proposal?
There are 3 correct answers to this question.

Response:

Block an account.

Block a line item.

Change a document.

Change the dunning data of an account.

Lower the dunning level of an item.

A

-> Block an account.

-> Block a line item.

Change a document.

Change the dunning data of an account.

-> Lower the dunning level of an item.

30
Q

What do you define when configuring asset classes?
There are 3 correct answers to this question.

Response:

Financial statement version

Screen layout rules

Account determination

Number ranges

Posting keys

A

Financial statement version

-> Screen layout rules

-> Account determination

-> Number ranges

Posting keys

31
Q

Which ledger-specific configuration can you maintain at company code level?
There are 2 correct answers to this question.

Response:

Fiscal year variant

Field status variant

Financial statement version

Posting period variant

A

Fiscal year variant

Field status variant

-> Financial statement version

-> Posting period variant

32
Q

What do you define in payment terms?
There are 2 correct answers to this question.

Response:

Posting key

Due date specification

Tolerance days

Cash discount

A

Posting key

-> Due date specification

Tolerance days

-> Cash discount

SAP FICO (1 decks)

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