SAP FI Certification Free Questions and Answers

SAP FI (C_TFIN52_67) Free Sample Questions

QUESTIONS:

Q1: Which line item field is filled automatically by the sort key field of a master record (G/L account, customer, or vendor)?

Please choose the correct answer

a) Item text
b) Assignment
c) Amount in document currency
d) Number of the invoice to which the transaction belongs

Q2 Which line item field is filled automatically by the sort key field of a master record (G/L account, customer, or vendor)?

Please choose the correct answer

a) Item text
b) Assignment
c) Amount in document currency
d) Number of the invoice to which the transaction belongs

Q3: Which options are available to define the number range of a document?

There are 2 correct answers to this questions.

a) Ledger group specific
b) For every fiscal year variant
c) For every fiscal year
d) Continuous

Q4: What is the purpose of account determination in the accrual engine?

There are 2 correct answers to this question.

a) To determine the CO object.
b) To determine the correct posting period.
c) To determine debit and credit accounts.
d) To determine the document type.

Q5: For which scenario can you use the cash journal?

Please choose the correct answer.

a) To manage cash in local branches and offices.
b) To make remittances to vendors.
c) To post incoming and outgoing payments in any transaction currency
d) To record documents that will not be included in the general ledger.

Q6: What are the prerequisites for setting up cross-company-code cost accounting?

There are 2 correct answers to this question.

a) The same fiscal year variant is used for all company codes.
b) The same variant for open periods is used for all company codes.
c) The same chart of accounts is used for all company codes.
d) The same currency is used for all company codes.

Q7: Which entries can you define when maintaining a G/L account?

There are 3 correct answers to this question.

a) Ledger assignment
b) Profit center
c) Field status group
d) Account group
e) Open item management

Q8: Which Customizing settings can you make for payment terms?

There are 3 correct answers to this question.

a) Determine a default payment method for the line item
b) Determine whether a payment term is valid only for the vendor, only for the customer, or for both customer and vendor
c) Determine a default currency code for the header of the accounting document
d) Determine that invoices are locked for dunning
e) Determine that invoices are locked for payment

Q9: To which of the following does an asset class apply?

Please choose the correct answer.

a) To all company codes in a controlling area
b) To all company codes in an instance (client-independent)
c) To all company codes in a client
d) To all company codes within a client, which share the same chart of accounts

Q10: Which of the following are interactive functions available in the SAP List Viewer?

There are 3 correct answers to this question.

a) Dual control.
b) Sorting.
c) Master data modification.
d) Summation.
e) Filters.

Q11: Which are the necessary steps to create a validation?

Please choose the correct answer.

a) Check, control, message
b) Prerequisite, check, update, control
c) Check, update, message
d) Prerequisite, check, message

Q12: During which actions does the system assign the document number for Financial Accounting?

There are 2 correct answers to this question.

a) Post
b) Simulate
c) Hold
d) Park

Q13: What does the fiscal year variant control?

There are 2 correct answers to this question.

a) The number of special periods available in addition to the normal periods
b) The number of periods (up to 16 posting periods including special periods)
c) The open periods (a period interval for closing and another for day-to-day business)
d) The number of periods (up to 52 posting periods and special periods)

Q14: You can configure different types of Chart of Accounts in the ERP system. Which one of the following are TRUE Chart of Accounts?

There are 3 correct answers to this question.

a) Group chart of accounts
b) Country-specific chart of accounts
c) Operating chart of accounts
d) Plant-specific chart of accounts

Q15: When parking a document, which of the following occurs in the system?

Please choose the correct answer.

a) The document number is not assigned and transaction figures are not updated.
b) The field status of the posting key.
c) The document number is not assigned but transaction figures are updated.
d) The document number is assigned but transaction figures are not updated

Q16: Which of the following parameters are defined in the payment program to select appropriate open items?

There are 2 correct answers to this question.

a) Exchange rate type
b) Bank account
c) Program idetification
d) Purchasing group

Q17: What is a benefit of a drilldown report?

Please choose the correct answer.

a) The navigation area
b) The edit and save functionality
c) The workflow connection
d) The automatic refresh

Q18: Which of the following business scenarios can be handled with accrual and deferral postings?

Please choose the correct answer.

a) Monthly rent payments for an office building
b) One-time payment for fixing flooding damage
c) One-time payment for one-year cloud storage service
d) Monthly subscription to a financial newspaper

Q19: You want to use external number assignment for specific document types. What is the special feature of external number assignment?

Please choose the correct answer.

a) The numbers can be alphanumeric.
b) The number ranges can overlap.
c) The number ranges can be used across all company codes.
d) The system issues the numbers automatically.

Q20: In the New General Ledger Accounting, how would you incorporate companies with different fiscal years if you wanted to assign them to the same controlling area?

Please choose the correct answer.

a) Use the same fiscal year variant for all company codes and do a reversible close for the company codes that have different fiscal years.
b) Use the same fiscal year variant for all company codes and set up parallel accounting for company codes that have different fiscal years.
c) Create company codes with different fiscal year variants and assign them to the same group company for reporting purposes.
d) Create company codes with the same fiscal year variant and assign the company codes that have a different fiscal year to non-leading ledgers with the appropriate fiscal year variant.