C_TFIN52_67 Online Practice Questions and Answers

Which of the following objects must you enter when posting an asset acquisition against a vendor? (Choose three)

A. Document type

B. Fixed asset balance sheet account

C. Special G/L transaction

D. Asset master record

E. Transaction type

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?

Please choose the correct answer.

Response:

A. Set up a new exchange rate type and assign it to a valuation method.

B. Assign a valuation method to all customer master records that you want to valuate.

C. Set up a valuation method and assign it to a valuation area.

D. Set up the Valuation Cockpit to perform this task.

Your customer has two company codes in the same client. Each company code has a different operational chart of accounts. The customer has a country-specific chart of accounts for each company code. How does this influence how you create customer master records?

Please choose the correct answer.

Response:

A. You have to create customer master records for each credit control area.

B. You have to create one master record for each customer.

C. You have to create customer master records for each country-specific chart of accounts.

D. You have to create customer master records for each chart of accounts.

Consider the following statements, Which of them are false?

1) You cannot use the country chart of accounts if you desire to use the cross-company code controlling.

2) The disadvantage of using country chart of accounts is the accounting clerks who may be familiar with

the country chart of accounts first have to get used to using the operational chart of accounts.

3) Reconciliation accounts are updated on a daily basis.

Please choose the correct answer.

Response:

A. 1 and 2

B. 1 and 3

C. 2 and 3

D. All of them

E. None of them

Which of the following is mandatory to make G/L accounts ready for posting?

A. A chart of accounts segment and at least one cost element

B. A company code segment and at least one cost element

C. A chart of accounts segment and at least one functional area

D. A chart of accounts segment and at least one company code segment

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. Reconciliation account for account type Bank

B. Line item display

C. PandL statement account

D. Post automatically only

E. Open item management

In a payment run, the data entered for a payment method in the document may differ from the master data.

How does the system resolve this?

A. The payment run temporarily stops, and the system prompts you to correct the data. After you have corrected the data, the payment run continues.

B. The payment run stops and the system issues an error message.

C. Master data overrides document data.

D. Document data overrides master data.

Which of the following accounts are updated directly?

A. Accounts in the group chart of accounts

B. Accounts in the operating chart of accounts

C. Accounts in the master chart of accounts

D. Accounts in the country chart of accounts

Which activity has an impact on the net book value of an asset?

A. Changing the account determination

B. Changing the useful life of the asset

C. Changing the assigned cost center

D. Changing the assigned WBS element

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

A. It automatically creates the final invoice and clears down payments against it.

B. It automatically clears down payment requests.

C. It posts down payments to a reconciliation account that is different from that of ordinary payables and receivables.

D. It shows data in the appendix of the balance sheet.