CONSULTAN CERTIFICACION SIMULATION MySAP Financials: Financial Accounting Certification Questions Which of the following statement are correct?

? 1. MySAP Business Suite Contains: A. B. C. $. Cross !n"ustry Solutions !n"ustry Solutions #echnology Ser%ices

&. A client is: A. A com'letely in"e'en"ent (usiness B. Corres'on"s a customer C. May re'resent an entire com'any ). A chart of accounts: A. B. C. $. can (e allocate" to multi'le com'any co"e can "efine" as the grou' chat of accounts only contains "efinitions for *+, accounts can only allocate" to one com'any co"e

-. Which of the following statements are correct? A. More than one chart of accounts can (e create" for each client B. #he chart of accounts contains all the *+, accounts. %en"or an" customer accounts C. More than one com'any co"e can (e allocate" to the same chart of accounts $. #he chart of accounts controls all the customi/ing settings in the 0+) system 1. All accounts within a chart of accounts must ha%e the same ta2 co"e 3. A client: A. B. C. $. may may may may only contain a single chart of accounts contain multi'le charts of accounts only use one currency ty'e only ha%e one controlling area

4. Which of the following statements is true? A. B. C. $. A Com'any co"e can (elong to more than one controlling area. A 'lant must (e allocate" to a com'any co"e A controlling area an" a com'any co"e must ha%e the same local currency A (usiness area an" com'any co"e are assigne" to each other in the cor'orate structure !M*

5. Which of the following can you a"" to a Fa%orites list? A. B. C. $. 1. Files #ransactions We a""ress 0e'orts 6ser menus

7. Please mar8 the correct answer.

A. #he (usiness area can run across many com'any co"es. i.e. all com'any co"es can 'ost in all (usiness area B. A com'any co"e may (elong to more than 9ne Controlling Area C. 1ach com'any co"es uses e2actly one chart of accounts $. Business areas are use" to create internal (alance sheet an" income statements. :. Which corres'on"ence e2tracts all items in the chosen 'erio" from a customers accounts "is'lays the (alance carrie" forwar" (alance an" a closing (alance of the account? A. B. C. $. Payment a"%ice Payment notice Account statement $unning notice

1;. Which of the following statements a(out automatic 'ayment are correct? A. !n automatic 'ayment 'roce"ures. all incoming in%oices as of the secon" "unning le%el are 'ai" automatically B. $irect "e(iting or (an8 collection can (e use" in the automatic 'ayment 'roce"ures to clear customer in%oices C. 9'en items 'oste" to *+, accounts can (e cleare" using the 'ayment 'rogram $. S'ecial *+, transactions <"own 'ayment= can (e 'oste" using the 'ayment 'rogram 1. #he 'ayment 'rogram can 'ay %en"or in%oices using wire transfers an" chec8s 11. !magine the following scenario: A com'any wants to e2ecute a 'ayment run on "aily (asis 'rocess se%eral com'any co"es at the same time. !f the amount e2cee"s 6S> 1;.;;;. the %en"ors are to (e 'ai" (y (an8 transfer. amounts less than 6S> 1;.;;; are to (e 'ai" (y chec8. #he customer has two house (an8s wants all chec8s to (e 'rocesse" (y (an8 A an" all. A. ?ou store %ariants for 'rint 'rograms within customi/ing. @ere you can s'ecify that the information is to (e out'ut to a "ata carrier B. ?ou s'ecify. 'er house (an8. whether 'ayments are to (e ma"e (y chec8 only or also (y transfer C. ?ou s'ecify the 'ayment metho" from within the a''lication. in the master recor" $. #he 'ayment 'ro'osal of the automatic 'ayment 'rogram can only (e "is'laye" 1. ?ou can 'recisely sche"ule the 'rint 'rogram from within the a''lication 1&. Accor"ing to which criteria "oes the 'ayment 'rogram "etermine an" select o'en items A. B. C. $. 1. 'osting "ate an" (aseline "ate "ocument "ate an" 'osting "ate (aseline "ate an" 'ayment terms 'osting "ate an" cash "iscount 'erio"s 'osting "ate an" 'ayment terms

1). Which of the following statements are true with regar" to the customi/ing setting for (an8 in the automatic 'ayment run?

A. #he seAuence of the (an8s for 'rocessing outgoing 'ayments is selecte" ran"omly B. ?ou can only "eterminate one 'ayment metho" 'er house (an8 C. ?ou can select se%eral 'ayment metho"s 'er country $. ?ou can s'ecify (y (an8 an" metho" the antici'ate" num(er of "ays (efore the (an8 account is "e(ite" 1. ?ou can "etermine the (an8s to (e use" for 'ayment accor"ing to 'ostal co"e 1-. Which of the following factors "oes the system ta8e into account in the 'ayment run? A. B. C. $. 1. Fiscal year %ariant Payment metho" s'ecifications in the !M* S'ecifications in the %en"or master recor"s !nformation in the "ocuments <incoming in%oices= S'ecifications ma"e when maintaining the 'ayment run 'arameters

13. Which of the following statements are correct? A. When creating a @ouse (an8. you "o not nee" to s'ecify the country B. #he 'ayments 'rogram can use a "ifferent @ouse (an8 for each "ifferent 'ayment metho" C. A @ouse (an8 account can (e "efine" in more than one currency $. @ouse (an8 master "ata must (e create" in a"%ance. (efore assigning the @ouse (an8 to a 'ayment metho" in the 'ayment 'rogram configuration 1. A house (an8 can (e assigne" to a (usiness area within the 'ayment 'rogram configuration 14. When entering a "ocument using a foreign currency. which "ate is use" to "eterminate the e2change rate if the translation "ate is not entere"? A. B. C. $. Posting "ate $ocument "ate 1ntry "ate Baseline "ate

15. Where are 'osting 'erio"s "efine"? A. B. C. $. Posting 'erio" %ariant Fiscal year %ariant Fiel" status %ariant Closing 'erio" %ariant

17. Which of the following statements su''orts the re%ersal of a "ocument? A. #he original "ocument contains no cleare" line items B. $ocuments originating in other mo"ules shoul" (e correcte" there to allow the changes to flow naturally through to financial accounting C. !f a re%ersal "ate is not s'ecifie". the system re%erses the "ocument using the 'osting "ate of the "ocument to (e re%erse" $. A new "ocument num(er is create" for the re%ersal "ocument 1:. Choose the correct statements regar"ing recurring "ocuments. A. B. C. $. When creating a recurring "ocument. the %ali" time 'erio" must (e "efine" #he 'osting "ate is "etermine" (y either the run "ate or the run sche"ule Fiel" %alues can (e change" in the recurring "ocument After running the recurring "ocument 'osting. the ne2t run "ate can not (e "is'laye"

1. #he original recurring "ocument can (e "elete" from the (atch in'ut menu &;. !n interest calculation customi/ing. you must A. B. C. $. 1. $efine $efine $efine $efine $efine an internal acti%ity a 'osting rule a 'osting ty'e a currency an account sym(ol

&1. Which of the following statements a(out creating customer master recor"s are correct? A. B. C. $. An account grou' always gets assigne" to a customer #he com'any co"e is always a reAuire" entry #he account num(er may (e assigne" (e the user e2ternally !nformation on each screen may (e "efine" in configuration as man"atory. su''resse" or o'tional. "e'en"ing u'on the account grou' 1. !nformation on each screen may (e "efine" in configuration as man"atory. su''resse" or o'tional. "e'en"ing u'on the com'any co"e &&. Which of the following statements are correct? A. A customer master is "i%i"e" (y client le%el an" com'any co"e le%el B. !n case of one time customer you ha%e to enter the customer a""ress in the "ocument itself C. A""ress. control "ata. an" reconciliation account are inclu"e" in the client le%el of the customer $. #he most efficient way to create master recor"s is to wor8 with the e2ternal num(er range not internal num(er range &). Which of the following statements are correct? A. !f a customer is also a %en"or. the system can inclu"e outstan"ing Accounts 0ecei%a(le in%oice items in the 'ayment 'rogram B. !f a customer is also a %en"or. the system can inclu"e outstan"ing Account Paya(le in%oice items when you clear incoming 'ayment recei'ts for the customer C. #he reconciliation account "efine" on the customer master recor" is an account use" to reconcile C9 transactions (ac8 to F!. $. All customer (elonging to the same account grou' must (e assigne" to the same reconciliation account 1. #he alternati%e 'ayer is use" to transfer outstan"ing recei%a(le item to the alternati%e 'ayer account &-. Bul8 change of line item B this function allows you to change a whole grou' of line items simultaneously. instea" of ha%ing to change in"i%i"ual items in the "ocuments. What "ata can you change using this function? A. B. C. $. #he #he #he #he reconciliation account com'any co"e 'ayment terms an" 'ayment (loc8 house (an8 an" the 'ayment metho"