Cyberthink SAP Fico Online Test

Before generating asset classes from G/L accounts, several steps need to be completed. These steps include account selection, account determinations, and number range intervals. All of these steps are necessary to ensure that the correct G/L accounts are chosen and that the asset classes are generated accurately.

The functions of an asset class include asset number assignment, cost center determination, screen layout, and account allocation. All of these functions are important in managing and organizing assets within a company. Asset number assignment helps in uniquely identifying and tracking individual assets. Cost center determination allows for proper allocation of costs related to the assets. Screen layout refers to the arrangement and display of asset-related information in the system. Account allocation ensures that financial transactions related to assets are recorded accurately. Therefore, all of the above options are correct functions of an asset class.

The systems take into account all of the factors mentioned in the question - fiscal year variant, payment method specifications in the IMG, and specifications in the vendor master records. These factors are important in determining how the payment run is processed and which vendors are included.

Posting periods are defined in the posting period variant. This variant allows organizations to define specific periods for posting transactions in their financial system. It determines the start and end dates for each period, allowing for control and monitoring of financial activities. The posting period variant is essential for ensuring accurate and timely recording of transactions within the defined periods.

The correct answer is "All the above." This means that all of the statements mentioned in the options are true. A chart of accounts can be allocated to multiple company codes, it can be defined as the group chart of accounts, and it only contains definitions for G/L accounts.

The correct answer is "All the above." This means that all of the statements mentioned in the question are correct in relation to how the main business processes are integrated in the SAP R/3 System. These statements include the creation of purchase requisitions, goods receipt process, invoice receipt and verification process, payment processing, and customer delivery process. Each of these processes is important in the overall integration of business processes within the SAP R/3 System.

The payment program determines and selects open items based on the baseline date and payment terms. The baseline date is the date on which the payment program checks if an open item is due for payment, while the payment terms specify the terms and conditions for payment, such as the due date and any applicable discounts. By considering both the baseline date and payment terms, the payment program can accurately determine which open items should be selected for payment.

The posting date is used to determine the exchange rate when entering a document using a foreign currency if the translation date is not entered. The posting date is the date on which the transaction is recorded in the accounting system. It is important to use the correct exchange rate to accurately reflect the value of the transaction in the foreign currency.

The correct answer is "All the above". This means that all of the given statements are correct. The system can include outstanding Accounts Receivable invoice items in the payment program if a customer is also a vendor. It can also include outstanding Accounts Payable invoice items when clearing incoming payment receipts for the customer. Additionally, the reconciliation account defined on the customer master record is used to reconcile CO transactions back to FI.

The date of capitalization is set by the time of the first acquisition posting to the asset. This means that when the asset is first acquired, the date of capitalization is recorded in the master of asset. This date is important because it marks the start of the asset's useful life and is used for calculating depreciation expenses.

The chart of depreciation is created at the company code level. This means that each company code within an organization can have its own chart of depreciation, tailored to its specific requirements. The chart of depreciation defines the various depreciation areas and the corresponding depreciation keys that are used to calculate depreciation for assets within the company code.

The correct answer is "You specify the payment method from within the application, in the master record." This means that within the company's payment application, the payment method can be specified for each vendor in their master record. This allows the company to determine whether the vendor should be paid by bank transfer or by check based on the amount of the payment.

Roles in the workplace typically refer to a collection of activities that a user assigned to that role can perform. This means that individuals in specific roles have certain responsibilities and tasks that they are authorized to carry out. The other options in the question do not accurately describe the characteristics of roles in the workplace.

The bulk change of line item function allows you to change a whole group of line items simultaneously. The reconciliation account is a type of data that can be changed using this function. Therefore, the correct answer is "The reconciliation account."

In the customizing setting for banks in the automatic payment run, it is true that you can only determine one payment method per house bank. This means that for each house bank, you can only specify a single payment method to be used for outgoing payments. This allows for better organization and control over the payment processes within the system.

The correct answer is that the payments program can use a different House bank for each different payment method. This means that when making payments, different payment methods can be associated with different House banks. This allows for flexibility and customization in managing payments based on the specific requirements of each payment method.

A company code can belong to more than one controlling area means that a single company code can be assigned to multiple controlling areas in SAP. This allows for more flexibility in financial reporting and controlling within an organization.

A client may only have one controlling area because controlling area is an organizational unit in SAP that represents a self-contained area of responsibility for cost accounting purposes. Having multiple controlling areas within a client could lead to overlapping responsibilities and confusion in cost allocation and reporting. Therefore, to ensure clear and efficient cost management, a client is limited to having only one controlling area.

When creating customer master records, an account group is always assigned to a customer. This ensures that the customer is categorized correctly and relevant data can be maintained. Additionally, the information displayed on each screen can be defined as mandatory, suppressed, or optional based on the configuration settings for the specific company code.

A customer master is divided by client level and company code level. This means that the customer master data is organized and managed at both the client level and the company code level. This allows for better control and segmentation of customer data based on specific client and company requirements.