SAP Certified Application Associate - Financial Accounting with SAP ERP 6.0 EHP5 v6.0 (C_TFIN52_65)

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Total 80 questions

What are the benefits of using the accrual engine? (Choose three)

  • A. The accrual engine calculates the accrual amounts automatically.
  • B. The accrual engine supports parallel accounting.
  • C. The accrual engine can correct accruals in the previous month even if that period is closed.
  • D. The accrual engine is client-independent.
  • E. The accrual engine can simulate planned future accruals.

Answer : A,B,E

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 different FSVs based on the needs of the target group.
  • B. Create different versions of the same FSV.
  • C. Create one FSV and enhance it with different sets of notes.
  • D. Create one FSV, then save different variants based on the needs of the various groups.

Answer : A

Your customer wants to use the Closing Cockpit for period end closing.
What major benefits of the Closing Cockpit do you highlight? (Choose two)

  • A. It closes the posting period automatically at the last day of the period.
  • B. It optimizes legacy data transfer.
  • C. It provides a complete documentation of the activities performed at period end closing.
  • D. It enables the use of a task list covering all closing activities.

Answer : C,D

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

  • A. Currency
  • B. Reconciliation account
  • C. Valuation key
  • D. Valuation method
  • E. Chart of accounts

Answer : A,B,E

Which of the following activities will generate an FI document if real-time integration between CO and FI has been set up? (Choose two)

  • A. A distribution between cost centers that reside in two different controlling areas
  • B. An assessment between cost centers that belong to two different company codes
  • C. A subsequent change of a segment in a CO document
  • D. An assessment between cost centers in one company code with different functional areas
  • E. A test run of the settlement run of an asset under construction to a G/L account

Answer : B,D

Your customer runs an SAP system with New General Ledger Accounting activated. They want to run a valuation of accounts receivable that are posted in foreign currency.
What do you have to do?

  • A. Set up a valuation method and assign it to a valuation area.
  • B. Post the valuation differences manually at the period end.
  • C. Set up the Valuation Cockpit to perform this task.
  • D. Set up a new exchange rate type.

Answer : A

You entered a G/L account posting and received an error message saying that account type D (customer) is not allowed.
Which object causes this error?

  • A. Currency key
  • B. Field status variant
  • C. Tolerance group
  • D. Document type

Answer : D

A multinational concern acquires a company in another country which has local reporting requirements. They are using one operational chart of account for all companies.
How can you fulfill this country-specific requirement?

  • A. Create a country-specific chart of accounts and assign it to the regular chart of accounts.
  • B. Create a country-specific chart of accounts and assign it to the group chart of accounts.
  • C. Create a country-specific chart of accounts and assign it to the company code.
  • D. Create a group chart of accounts and assign it to the company code.

Answer : C

At the end of a fiscal year the system carries forward the balance of certain accounts to a special retained earnings account and sets them to zero.
Which accounts are treated in such a manner?

  • A. Balance sheet and profit accounts
  • B. Profit accounts
  • C. Balance sheet accounts
  • D. Accounts only managed on the basis of open items

Answer : B

A vendor sends an invoice to a company which contains expenses for two company codes.
You post the vendor item to the receiving company code, then the expense, and finally a cross-charge to the other company code.
How are the taxes posted?

  • A. Taxes are posted to the company code where the larger part of the expense is posted.
  • B. Taxes are posted to the company code where the vendor item is posted.
  • C. Taxes are not posted automatically, and will therefore have to be posted manually.
  • D. Taxes are posted to both company codes in proportion to the expenses.

Answer : B

A customer wants to use segment reporting on balance sheet and P/L accounts.
Which functionality do you recommend?

  • A. Profit Center Accounting
  • B. Special Purpose Ledger
  • C. Profitability Analysis
  • D. New General Ledger Accounting

Answer : D

Which of the following is mandatory to make G/L accounts ready for postings?

  • A. A chart of account segment and at least one company code segment
  • B. A company code segment and at least one cost element
  • C. A chart of account segment and at least one cost element
  • D. A chart of account segment and at least one functional area

Answer : A

You receive a payment where the difference from the posted invoice is larger than the stated tolerance limit.
How can you deal with this? (Choose two)

  • A. Increase the tolerance limit manually while posting the document.
  • B. Split the received payment to fall below the tolerance limit.
  • C. Post the difference as a residual item.
  • D. Post the difference to an account assigned to a reason code.

Answer : C,D

What does the fiscal year variant control? (Choose two)

  • A. The number of special periods available in addition to the normal periods
  • B. The number of periods (up to 52 posting periods and special periods)
  • C. The open periods (a period interval for closing and another one for day-to-day business)
  • D. The number of periods (up to 16 posting periods including special periods)

Answer : A,D

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

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

Answer : A,B

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Total 80 questions