SAP Certified Application Associate - Financial Accounting with SAP ERP 6.0 EhP7 - C-TFIN52-67 FREE EXAM DUMPS QUESTIONS & ANSWERS]

Question 1

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:

A. P&L statement account B. Post automatically only C. Open item management D. Line item display E. Reconciliation account for account type Bank

Discussion 0

Correct Answer: C,D Vote an answer

Question 2

You configure the available amounts for bank accounts. What happens to these available amounts during the payment run?

A. They are set to zero. B. They are updated automatically, but have to be released by another user (dual control). C. They are updated automatically. D. They are not updated.

Discussion 0

Correct Answer: D Vote an answer

Question 3

Your customer wants to use the Closing Cockpit for period end closing. What major benefits of the Closing Cockpit do you highlight?
There are 2 correct answers to this question.
Response:

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

Discussion 0

Correct Answer: B,C Vote an answer

Question 4

The head of accounts receivable requires that all items posted to individual customer accounts are posted to their headquarters. Which function do you have to use to fulfill this requirement?

A. Single bank account B. Cash management group C. Head office and branch account D. Alternative payer/payee

Discussion 0

Correct Answer: C Vote an answer

Question 5

Which transactions in the procurement process with valuated goods receipt create documents in FI?
There are 2 correct answers to this question.
Response:

A. Create purchase requisition B. Post valuated goods receipt C. Create purchase order D. Enter invoice receipt

Discussion 0

Correct Answer: B,D Vote an answer

Question 6

Identify the benefits of SAP Solution Manager?
There are 5 correct answers to this question.
Response:

A. Reduced cost of operation B. Reduced ROI C. More reliable IT solutions D. Faster ROI E. More leverage from IT investments F. Reduced cost of implementation

Discussion 0

Correct Answer: A,C,D,E,F Vote an answer

Question 7

What are the prerequisites for posting a vendor invoice in Financial Accounting? (Choose two)

A. You have created a company code segment in the vendor master. B. You have updated the bank details section of the vendor. C. You have maintained the currency exchange rates in the system. D. You have set up a number range for the vendor invoice document type.

Discussion 0

Correct Answer: A,D Vote an answer

Question 8

Which of the following status symbols are used in customer and vendor line item lists? (Choose three)

A. Cleared B. Overdue C. Open D. Parked E. Not due

Discussion 0

Correct Answer: A,C,D Vote an answer

Question 9

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. A dependent accounting entity, according to Fiscal Year. C. The highest level in the R/3 system hierarchy. D. An organizational unit in an enterprise that represents a closed system used for cost accounting purposes. E. An organizational unit that provides an additional evaluation level for the purpose of segment reporting, for example.

Discussion 0

Correct Answer: A Vote an answer

Question 10

What characteristics are configured as standard for every customer/vendor account?
There are 2 correct answers to this question.
Response:

A. Line Item Display. B. Open Item Management. C. Company Code. D. Currency. E. Purchasing Organization.

Discussion 0

Correct Answer: A,B Vote an answer

Question 11

Which of the following accounts are updated directly?
Please choose the correct answer.
Response:

A. Accounts in the country chart of accounts B. Accounts in the group chart of accounts C. Accounts in the master chart of accounts D. Accounts in the operating chart of accounts

Discussion 0

Correct Answer: D Vote an answer