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SAP Certified Application Associate - Financial Accounting with SAP ERP 6.0 EHP4 Sample Questions:

1. Down payments can be posted using a special G/L transaction. What is the main benefit of this functionality?

A) It posts down payments to a reconciliation account that is different from that of ordinary payables and receivables.
B) It automatically clears down payments against the final invoice.
C) It shows data in the appendix of the balance sheet.
D) It automatically clears down payment requests.

2. What elements of customer account creation need to be completed to post entries to the account?

A) General data, company code data, and sales area data
B) General data and company code data
C) General data, company code data, and dunning data
D) General data and sales area data

3. 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 one FSV and enhance it with different sets of notes.
C) Create one FSV, then save different variants based on the needs of the various groups.
D) Create different versions of the same FSV.

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

5. Which of the following is a typical process sequence in Product Sale from Stock?

A) Incoming order -> Transport/Delivery -> Billing -> Dunning and payment
B) Purchase requisition -> Delivery/Transport -> Dunning and payment -> Billing
C) Incoming order -> Goods receipts/Transport -> Dunning and payment -> Billing
D) Purchase requisition -> Billing -> Transport/Goods receipts -> Dunning and payment

Solutions: