Sap Fi Certification 2

6/30/2015

Sap Fi Certification 2

Document splitting characteristics Profit center Segment Userdefined company code Business area Charts of account Cost Center Update and Business Area are assigned to the Leading ledger OL, these two entities are updated to G/L Accounting and displayed in the corresponding G/L view False True If you have to modify a rule, you should create your own splitting method and copy the assigned rules from the standard configuration. False True Which of the following activities will generate an FI document if realtime integration between CO >FI has been setup A distribution between cost center that reside in two different controlling area An assessment between cost center in one company code with different functional areas An assessment between cost center that belong to two different company codes simulating a Document You can simulate not only the entry view but also the G/L view before posting None of above you can analyze early any error that would lead to a termination You can use the expert mode to view the detailed data of document splitting.

http://www.daypo.net/testsapficertification2.html

1/19

6/30/2015


When New G/L Accounting is active, a financial document always has 2 views False True The customer master data record comparison compares________________ Which master records are already created in SD but not yet created in FI Which master records are already created in pruchasing but not yet created in SD Which master records are already created in financial accounting but not yet created in SD New G/L Accounting The activation of New G/L Accounting not only affects the menu entries; a few classic functions/transactions can no longer be executed either. Hide classic financial accounting paths using RFAGL_SWAP_IMG_OLD Activing New G/L Accounting makes several new nodes available in the application and the SAP easy access menu The paths for New G/L Accounting are added to the existing customizing paths New FI drilldown reporting functions let you create segment financial statement False True ___________ is use to view the detailed data of document splitting G/L view The expert mode Entry view Inheritance indicator Zero balance creation is only useful and necessary if you want to create a complete balance sheet for a specific characteristic. This indicator ensures a zero balance setting for entities selected for document splitting, without requiring you to define any other system settings. The Inheritance indicator ensures that the corresponding account assignment objects are projected to the pretty cash and tax line items, even without corresponding splitting rules.


2/19

6/30/2015


Segment definition You cannot assign a segment in the master data of a profit center. The definition name of the BAdI is: FAGL_DERIVE_SEGMENT. Postings are automatically made to the segment when the profit center is posted to. Scenario definition You do not necessarily have to define nonleading ledgers, which means scenarios do not have to be assigned to nonleading ledgers either. The Leading Ledger can be assigned one or more scenarios, or even all six at once You can define your own scenarios A scenario defines which fields are updated in the ledgers during a posting The delivered scenarios are assigned to the ledgers Multiple/nonleading ledgers are useful for portraying accounting in accordance with different accounting principles. Asset accounting is managed as a subledger with two depreciation areas Costing (20) Book (01) Book (02) Do companies have to use New G/L Accounting? For new installations, New G/L Accounting is active by default If will be optional for existing customers A segment cannot be derived from the profit center. True False The new general ledger integration: integration with the following components is relevant Integration with controlling (FI>CO) Integration with Subledgers(FI>AP, FI>AR, FI>AA)


3/19

6/30/2015


Inheritance means that, when you create a customer invoice from a revenue line, the entities are projected to the customer and tax lines in the G/L view True False To start the correction posting, start program FAGL_FC_VALUATION in mySAP ERP. True False What's a flow definition? A job started under the control of schedule manager A flow sequence that you can schedule comprising task types such as programs transaction notes and so on It's a simplified workflow with programs, fork, user decisions and other workflows included as possible tasks How do you implement parallel accounting in asset accounting? By using 2 depreciations areas By using 2 asset classes By using 2 differents chart of depreciations A specific fiscal year variant it's a variant which each own fiscal year uses the same number of periods; and the posting periods always start at the same day of the year True False Closing operations : Examples of eliminated closing activities Profit and loss adjustment Balance sheet adjustment Maintenance and use of the various FI_SL ledgers Maintenance and use of the reconciliation ledger


4/19

6/30/2015


Document splitting : check the correct answer If you elect to use additional document splitting characteristics, you should use these characteristics in at least one ledger. You should always set the zero balance indicator if you plan to use the characteristics to create financial statements. The system proposes logical document splitting characteristics based on the assigned scenarios. You cannot carry out crosscompany code controlling if company code use_______________ The same operational chart of accounts Different operational chart of accounts The postcapitalization of cash discount for asset None of above The postcapitalization of cash discount to asset is only possible if document splitting is active The postcapitalization of cash discount to asset only works if the function was already configured when the invoice was entered If you use the postcapitalization of cash discount to asset, you can eliminate the (periodic) run of program SAPF181. A scenario defines which fields are updated in the ledgers during the posting False True ____________ is a general breakdown of actual business processes that SAP provides and that is assigned a wide variety of item categories. Splitting rule The Business transaction An item category A splitting method You can define your own scenarios False True


5/19

6/30/2015


which characteristics of account determination can be used to assign revaluation adjustments to different G/L accounts Reconciliation account Valuation method Currency Valuation area The expert mode provides information on all essential document splitting parameters and describes how the split amounts are achieved True False Which functions are provided by the closing activity reclassify payables/receivables Regrouping and sorting of payables/receivables Adjustment posting for changed reconciliation account Credit check and rating of open items Open item analysis for liquidity forecast If the corresponding scenarios are not assigned, no entities are inherited to G/L Accounting False True The segment field is a standard field in the totals table for New G/L Accounting False True Your customer wants to perform their yearend closing activities. which of the following activities are mandatory to close the books? Run the carry forward Run fiscal year change in asset accounting Run balance sheet open item analysis Run planning and budgeting


6/19

6/30/2015


___________ define which fields are updated in the ledgers during the posting? Segment Leading Ledger Scenario New G/L Accounting Integration CO>FI TRACE The trace is activate using FAGL_ACTIVATION The trace is activate using FAGLCOFITRACEADMIN The CO>FI realtime integration can be logged with a trace If the trace was activate during the CO posting, you can analyze realtime integration data again at any time A splitting method is the total of all splitting rules of all business transactions False True View of the Totals tables when the classic components are used: ECPCA / classic Profit Center Accounting: GLPCT Classic FI: GLT0 Costofsales ledgers: GLFUNCT Reconciliation ledger: COFIT Scenarios provided by SAP Costofsales accounting (FIN_UKV) Cost center update (FIN_CCA) Business area (FIN_GSBER) Profit center update (FIN_PCA) Segmentation (FIN_SEGM) Preparation of consolidation (FIN_CONS)


7/19

6/30/2015


Splitting rule Is the item category is the semantic description for the document split. Describes the items that appear within a document Defines which item categories can/will be split and at the same time defines which base can be used Segments can be used to meet the requirements of international accounting principles True False Closing operations : Examples of periodic processing tasks that are not eliminated Balance carryforward (in FI) Flatrate individual value adjustment Reclassification/sorting of receivables and payables If the trace was activate during the CO posting, you can analyze realtime integration data again at any time: including the following data The document number of the followup document in FI if a transfer to FI took place The document number of the original CO document Whether it was a transfer or a test run The Posting mode : online posting or subsequent transfer Line item for the documents (All posted to objects and partner objects) The reason for transfer or the reason for a failed transfer Posting date, posting time, and user You can post the revaluation amount online to the original CO object that was changed directly in controlling True False


8/19

6/30/2015


Assumptions for document splitting The segment field is a standard field in the totals table for New G/L Accounting The operative process can be disturbed(changed) by the online split The operative process must not be disturbed(changed) by the online split New FI drilldown reporting functions let you create segment financial statement Document splitting is only relevant for the G/L; it does not need to be visible from within the sublegers The user only wants to enter the vendor once Which of the following are advantages of document splitting Realtime integration increased data Accelerate closing extensibility and flexibility To which primary cost accounting objects can a depreciation posted Internal order Cost center Profit center You can assign asset to ____________________ You cannot assign an asset Cost center Activity type Internal order Maintenance order


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6/30/2015


Inheritance Inheritance is performed online and at the line item level. Splitting method 0000000012 is the standard splitting method provided by SAP. Activation of inheritance is practically the first step to enable documents to be posted when document splitting is active, without any other Customizing activities. SAP do not provided a standard splitting method There is no reason why you should not activate inheritance when document splitting is active. Inheritance means that, when you create a customer invoice from a revenue line, the entities are projected to the customer and tax lines in the G/L view You can activate the trace in the realtime integration variant True False Down payments can be posted using a special G/L transaction. what's the main benefit of this functionality? It post down payment to a reconciliation account that is different from that ordinary payables and receivables. It automatically clears down payment request The Valuation method defines how valuation is run and with which valuation approach False True When New G/L Accounting is active, a financial document have : Two views One view Four Views Your customer runs an SAP system with G/L accounting activated. They want to run a valuation of account receivable that are posted foreign currency. what do you do? Setup a valuation method and assign it to a valuation area setup a new exchange rate type


10/19

6/30/2015


You can navigate from the CO document to the FI document generated in realtime and in the opposite direction. True False New G/L Accounting Integration with FIAA You can only maintain account assignment types for active account assignment objects. Asset accounting is managed as a subledger with two depreciation areas (Book 01 and Costing 20) The postcapitalization of cash discount to asset is only possible if document splitting is inactive What does the acronym “ FAGL” stand for? Financial Accounting General Ledger Asset Financial Accounting General Ledger Functional Account General Ledger New G/L Accounting contains functions that combine classic G/L Accounting with the Special Purpose Ledger Component True False The bidirectional navigation between documents is possible because the realtime COFI integration creates an FI followon for each activity and not just a totals posting at the end of the month. True False


11/19

6/30/2015


New G/L Accounting Integration CO>FI periodic integration CO>FI To transfer secondary cost element from CO to FI, you have to define an account assignment Transaction KALC is no longer available after New G/L Accounting has been activated Realtime integration CO>FI The key date activation defines when COFI reconciliation is possible through realtime integration. CO reconciliation with Financial Accounting always required the reconciliation ledger, which was maintained in Cost Element Accounting. Document splitting Passive Split can be Customized Passive Split cannot be Customized Active Split can be Customized Clearing lines/Zero Balance is control with the "Zero balance indicator" Transaction type: check the correct answer Every transaction type belong to the Transaction type groups The transaction type group are fixed and cannot be changed The transaction type group are fixed and can be changed you can limit specific transaction type groups to certain asset classes function of transaction FAGL_FC_VALUATION New G/L activation Hide Classic G/L Foreign corrency valuation


12/19

6/30/2015


Item category Is a map of the posted line items. It describes the items that appear within a document The item category is the semantic description for the document split. They are derived from, among other things, the account types of the G/L accounts. Is a general breakdown of actual business processes that SAP provides and that is assigned a wide variety of item categories. Using New G/L Accounting can save you from many periodic closing and reconciliation operations False True Which objects in the totals table FAGLFLEXT can be evaluated with drilldown reports Segments Tax code Business area Profit center Cost center Functional area ______________is used to derive the profit center and functional area Leading Ledger Company code CO object Business area


13/19

6/30/2015


Leading Ledger definition There are many Leading Ledger The Leading Ledger gets many of its control parameters from the company code Only the values from the Leading Ledger are posted in the standard system There are exactly one Leading Ledger The Leading Ledger uses the posting period variant that is assigned to the company code The Leading Ledger gets many of its control parameters from the charts of account The Leading Ledger uses the fiscal year variant that is assigned to the company code If the trace is not activated in the realtime integration variant, it can still be activated and deactivated userspecifically at any time. True False SAP provides the Leading Ledger OL and the Totals table FAGLFLEXT with the standard system True False You cannot navigate from the CO document to the FI document generated in realtime and in the opposite direction. True false Activation of New G/L Accounting Using FAGL_FC_VALUATION Using transaction code NEW_GL_ACTIVATION For existing customers is one of the last activities performed during the migration project leading up to the implementation of New G/L Accounting Using Customizing paths Using transaction code FAGL_ACTIVATION


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The activation indicator is set for each client True False How can you accomplish an automatic flatrate individual value adjustment? Enter a value adjustment key in the customer master Make an individual value adjustment based on special G/L transaction E A drilldown report is much more flexible than the old ABAP program True False Which infrastructure supports core business solutions SAP exchange SAP netweaver Document splitting process 2

Active split (rules based)

4

Zero balance (can be adjusted in customizing Passive split (clearing and similar processes)

1

Interpretation of customizing

3

Advantages of New G/L Accounting With realtime document splitting, balance sheets can be created for entities, such as "Segment" Extended data structure in the standard delivery Customer fields cannot be added to the G/L New G/L accounting makes it possible to manage multiple ledgers New G/L Accounting contains functions that combine classic G/L Accounting with the Special Purpose Ledger Component This is one of the possible ways of potraying parallel accounting in the SAP system Realtime integration FI>CO http://www.daypo.net/testsapficertification2.html

15/19

6/30/2015


___________ is the total of all splitting rules of all business transactions The Business Transaction The Splitting Method An item category The standard A/C assignment can be used to replace all account assignments that could not be derived from the posting with a constant value false True The Business Area or Profit Center objects can be used as alternatives True False New G/L Accounting Integration with FIAR The customer and tax line items of a customer invoice with different account assignment objects in the revenue line items are split online, in proportion to the amounts in the revenue line items. The customer line item list still only outputs one item per document When payments are received, the bank and any cash discount items are split analogous to the revenue lines in the original customer invoice key word The account assignment objects in the revenue line item are inherited to the customer and tax items in the invoice Which of the following task types are supported by the closing cockpit or schedule manager Spreadsheets reconciliation account Notes Programs with or without variant Transactions


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6/30/2015


The mandatory field Is fill automatically Is a check as to whether a business processequivalent business transaction variant was selected Is an extension of the field status for accounts in which the characteristics cannot be "entered" during document entry, and/or for accounts that cannot be controlled using the field status. The old program, SAPF100, cannot be executed after you have activated New G/L Accounting. True False Which of the following are true about financial statement version A financial statement version cannot include more than one company code When displaying a financial statement version, the system can automatically calculate the P&L statement result You can obtain a summarized financial statement for any hierarchy level in a financial statement version The system can translate a financial statement into any currency for reporting purposes An individual Splitting rule defines which item categories can/will be split and at the same time defines which base can be used True False What are the reasons for the error message during the error message? No base item category is assigned for item category Moreover, “inheritance" of the segment is not possible because it is not unique. A customer want to use segment reporting on balance sheet and P&L accounts. which functionality do you recommended? New G/L accounting Probability analysis Profit center accounting


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6/30/2015


You want to schedule a new task using schedule manager. which of the following are prerequisites?? You must insert a task in a task group Tasks must be included in the task list You must create a task list You must create a task group What does the SAP web AS provide? Realtime data exchange with all SAP systems Master data harmonization across SAP netweaver J2EE (Java platform enterprise edition) and ABAP in a single environment _________ transaction code can you use to call up the activation indicator? INDICATOR_ACTIVATION FAGL_ACTIVATION RFAGL_SWAP_IMG_OLD Maximum number of session that a user can open when he logs on the SAP 6 1 9 3 Totals table FAGLFLEXT of New G/L Accounting : check the correct answer The totals table FAGLFLEXT can the extended with additional fields The totals table FAGLFLEXT of New G/L Accounting updates more entities than was possible in the classic totals table GLT0 To add customer fields to totals table FAGLFLEXT, they first have to be added to the account assignment block The totals table FAGLFLEXT cannot the extended with additional fields


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6/30/2015


___________ is a specific version of the predefined business transaction provided by SAP and the modeling of a real business process for document splitting. Splitting rule A splitting Method An item category The Business transaction variant Which SAP Netweaver component realizes crosssystem application processes? SAP enterprise portal (SAP EP) SAP Business warehouse (SAP BW) SAP exchange infrastructure (SAP XI)


19/19

Sap Fi Certification 2

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