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QUESTION NO: 1
You define a financial statement version in two steps: (Choose Two)

A. Enter in the directory of financial statement versions
B. Define hierarchy levels and assign accounts
C. None of the above

Answer: A,B

QUESTION NO: 2
Which of the following statements about financial reporting are correct?

A. When displaying a financial statement, the system can automatically calculate the profit and loss statement result.
B. You can obtain a summarized financial statement for any hierarchy level defined in the financial statement version
C. A financial statement version cannot include more than one company code, unless you are using FI-LC
D. A financial statement version displays either a balance sheet or a profit and lost statement, not both.
E. The system can translate a financial statement into any currency for reporting purposes.

Answer: E

QUESTION NO: 3
Which of the following statements are correct? (Choose Three)

A. A house bank can be assigned to a business area within the payment program configuration
B. A House bank account can be defined in more than one currency
C. The payments program can use a different House bank for each different payment method
D. When creating a House bank, you do not need to specify the country.
E. House bank master data must be created in advance, before assigning the House bank to a payment method in the payment program configuration

Answer: A,C,E

QUESTION NO: 4
An account group (multi) (Choose Three)

A. Is defined for every company code.
B. Defines the number range for a mater record.
C. Uses a field status group to control the field layout for the maintenance of mater records
D. Determines one-time accounts for accounts payable and accounts receivable.

Answer: B,C,D

QUESTION NO: 5
Which of following statements are correct?

A. The customer master data comparison program compares which master records are already created in financial accounting but not yet created in sales and distribution.
B. The customer master data compares the customers in the legacy system with the customers in the R/3 System.
C. The customer master data comparison program compares which master records are already created in purchasing but not yet in sales and distribution.
D. The customer mater data comparison program checks whether the customer master record contains a telephone number.

Answer: A

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