|What are the maintenance levels of a screen layout rule for asset classes? Asset class, depreciation area, main asset number, group asset Depreciation area, asset class, main asset number, subnumber Main asset number, subnumber, depreciation area Asset class, main asset number, subnumber.
Which parameters can you specify when you create a new correspondence type?
Note: There are 3 correct answers to this question. Company code required Reason code required Account required Document number required Number of date fields required.
You are getting ready to post your first simple general ledger document using the SAP Fiori app for posting in a test environment. What configuration items do you need to set up to post a simple document?
Note: There are 2 correct answers to this question. Tax types and tax codes must be maintained Line item text templates must be maintained Posting period variant must be created and assigned Number range and document types must be maintained.
You want to create a substitution in Financial Accounting
Which parts do you have to define for each step of the substitution?
Note: There are 2 correct answers to this question. Check Prerequisite Replacement Message.
How do you identify an asset as an asset under construction? The ordinary depreciation start date is empty. The asset capitalization date is empty. The asset is assigned to NO depreciation area The asset belongs to a specific asset class.
After you collect data in the Intercompany Reconciliation tool, what are the next steps of the reconciliation process? 1.Store the data
2.Present reconciled and non-reconciled data.
3.Post the correction documents.
4.Communicate differences. 1.Present reconciled and non-reconciled data.
2.Post the correction documents.
3.Store the data
4.Communicate differences. 1.Post the correction documents.
2.Store the data
3.Present reconciled and non-reconciled data.
4.Communicate differences. 1.Store the data
2.Present reconciled and non-reconciled data.
4.Post the correction documents.
You want to post journal entries in a special period
Which conditions must be met?
Note: There are 2 correct answers to this question. The special period must be open for posting in the period control The balance carry-forward to the new fiscal year must have taken place. You must have specific authorization to post in special periods. You must enter a posting date in the last posting period.
You are starting the fiscal year-end process in Asset Accounting in SAP S/4HANA.
What are the year-end closing program checks for Asset Accounting?
Note: There are 2 correct answers to this question. Assets are complete and error free. Fixed asset fiscal year change is complete. Depreciation is posted in full General ledger and subledgers are closed.
Which standard currency types must be used when configuring the currency settings for company codes?
Note: There are 2 correct answers to this question. Group currency Controlling area currency Company code currency Document currency.
What are some of the benefits of SAP S/4HANA?
Note: There are 2 correct answers to this question. The data is aggregated on the fly from any line item table. The data is summarized into higher levels of aggregates to help system performance The data is analyzed after it is extracted and loaded in the reporting system The data is available in real time at line item detail.
You are responsible for configuring document splitting
What are some of the key settings?
Note: There are 2 correct answers to this question. Document number range Document type Field status variant Business transaction variant.
You are asked to explain the assets under construction functionality in SAP S/4HANA
What should you highlight?
Note: There are 2 correct answers to this question. It is possible to post credit memos, even after assets under construction are fully capitalized It is possible to calculate and post depreciation in the balance sheet depreciation area for assets under construction. It is impossible to use assets under construction with Investment Management. It is possible to post special tax depreciation and investment support for assets under construction.
Which business partner characteristic is mapped to the customer and supplier account groups? Business partner grouping Business partner role Business partner category Business partner type.
How does SAP S/4HANA support the treatment of taxes?
Note: There are 3 correct answers to this question. It performs tax adjustments for cash discounts and other forms of deductions. It checks the tax amount entered and automatically calculates the tax It posts the tax amount to tax accounts. It performs the adjustment to the tax codes and automatically updates the procedure It checks the tax codes and automatically updates the tax rates based on changes by the tax authorities.
What dunning-related data do you maintain on the business partner master record?
Note: There are 3 correct answers to this question. Dunning procedure Dunning block Dunning interval Dunning area Dunning key.
Which requirements do you need to fulfill to use data aging for Finance in the SAP S/4HANA system?
Note: There are 3 correct answers to this question. Add required authorizations for data aging to your role. Activate data aging for your company code. Define the logical file path as a global path for data aging Switch on the data aging business function Activate aging on SAP HANA.
How does SAP S/4HANA reduce system complexity and improve system efficiency?
Note: There are 2 correct answers to this question. By removing application code that deals with aggregates and indexes By removing views of data at runtime from the same source tables By providing views of data at runtime from the same source tables By providing application code that deals with aggregates and indexes.
You are a group cash manager interested in the North American business market.
What are the personalization options available to you in SAP Fiori?
Note: There are 2 correct answers to this question. You can create access to relevant apps for the North American accounts payable group that reports to you. You can create a tile group with all the apps required for your daily business for easy access. You can create an app to take you directly to the cash position of the North American business market. You can adapt the launchpad color theme according to predefined values for the cash report.
When can you set the open item management indicator in a general ledger account?
Note: There are 2 correct answers to this question. When an account has a zero balance When an account is required for clearing When an account is used as a reconciliation account When an account is set up as a cost element.
Which statements best describe a profit center?
Note: There are 2 correct answers to this question. t is the only object that can be uniformly derived using segments. It has to be used simultaneously with segments to create separate balance sheet and P&L statements. It is the only object from which segments can be uniformly derived It is an element for which separate balance sheet and P&L statements can be created.
What is the purpose of the reorganization of segments?
Note: There are 2 correct answers to this question. Enables segment reassignments Enables segment deletion Enables segment derivation Enables merge of segments.
What are the features of the Accrual Engine in SAP S/4HANA?
Note: There are 2 correct answers to this question. The fiscal year variant of the general ledger is supported The Fl reversal is NOT supported. All currencies of general ledger are supported Complex postings with more than two line items are NOT possible.
What are some features of SAP HANA?
Note: There are 2 correct answers to this question. SAP HANA is optimized to organize data using column stores. SAP HANA is built on a hierarchical data model architecture SAP HANA is optimized to work with aggregates and index tables SAP HANA allows transactional and analytical processing off the same tables.
You are configuring depreciation areas in Asset Accounting
Which of the following settings is NOT permitted? Area posts depreciation only Area does not post Area posts revaluation only Area posts in real time.
At which level do you assign the print program to the correspondence type? At client level only At client or company code level At system level At company code level only.
What is the difference between the ledger approach and the accounts approach to parallel valuation in Asset Accounting? In the ledger approach, you assign a ledger group to every depreciation area, unlike the accounts approach In the accounts approach, you define a technical clearing account for integrated asset acquisitions, unlike the ledger approach In the ledger approach, you maintain additional depreciation areas to post the delta valuation of each accounting principle, unlike the accounts approach. In the accounts approach, you assign a completely separate set of accounts for each accounting principle, unlike the ledger approach.
You have been asked to set up house banks as part of the implementation.
What information do you need?
Note: There are 3 correct answers to this question. General ledger account Supplier account Payment method Company code Bank master data.
Which parameter indicates that a line item can only be dunned with restrictions? Dunning area Dunning block reason Dunning grouping Dunning key.
What does the document splitting do? It enriches all secondary cost element account lines with the defined splitting characteristics. It enriches all revenue account lines with the defined splitting characteristics. It enriches all profit and loss account lines with the defined splitting characteristics. It enriches all relevant balance sheet account lines with the defined splitting characteristics.
You have to run the foreign currency valuation for both US GAAP and IFRS, which leads to different values for the two different accounting principles.
How can you set this up in the system? Define a valuation area and ledger group for two ledgers to link with the new valuation area Define two valuation areas and two accounting principles with relevant links to ledgers Define a valuation area and extension ledger to link with the new valuation area Define two valuation methods and assign the accounting principles to the new valuation methods.
What do you define when configuring asset classes?
Note: There are 3 correct answers to this question. Screen layout rules Account determination Posting keys Number ranges Financial statement version.
What are some of the personalization options available to users in their SAP Fiori launchpad environment?
Note: There are 3 correct answers to this question. Users can add applications for filtered report results Users can remove devices that they do NOT use. Users can add new devices from the catalog assigned to them. Users can add applications from the catalog assigned to them Users can remove applications that they do NOT use.
What is the order of configuration within the SAP Financial Closing cockpit? Create template, create tasks, define dependencies, create task list, release task list Create template, create task list, create tasks, define dependencies, release task list Define dependencies, create template, create tasks, create task list, release task list Create task list, release task list, define dependencies, create template, create tasks.
Which of the following statements are valid for financial document number ranges?
Note: There are 3 correct answers to this question. The same financial document number range can be assigned to several document types Financial document number ranges must be defined for the year in which they are used Financial document number ranges are defined at company code level. All financial document number ranges can contain numbers and/or letters. Financial document number ranges defined at client level should NOT overlap.
How can you perform transfers of assets between company codes with different charts of depreciation? Configure the cross-company depreciation areas in customizing Assign the group chart of depreciation to the relevant fixed assets. Enter depreciation area mapping during intercompany transfer posting Correct depreciation area assignment in the asset master record after posting.
What is the purpose of period interval 3 when you define open and closed periods? It is used for period lock in special purpose ledger. It is used for the authorization object for posting periods It is used for special period posting It is used for posting from CO to FI.
Which of the following statements best describe how core data services (CDS) are developed? They are developed in the ABAP layer of the SAP S/4HANA system by the IT user. They are developed in the SAP HANA database layer by the Analytics key user They are developed in the ABAP layer of the SAP S/4HANA system by the Analytics end user. They are developed in the SAP HANA database layer by the IT user.
How do you depreciation areas in SAP S/4HANA?
Note: There are 2 correct answers to this question. Ensure depreciation areas always post to the general ledger. Assign a ledger group to each depreciation area Ensure each accounting principle is assigned to a depreciation area Assign depreciation area 01 to the leading ledger.
Which closing activities are used in external reporting as per SAP best practices?
Note: There are 2 correct answers to this question. Reclassify receivables and payables Update product cost estimates. Perform valuations of open items in foreign currency. Execute the plan cost center assessment cycle.
You define custom currency type Z1 for your company code.
Which currency types must be stored in the Data Entry view?
Note: There are 2 correct answers to this question. Object currency Document currency Custom currency type Z1 Company code currency.
On which levels can you maintain field status controls for business partners (BP)?
Note: There are 3 correct answers to this question. BP role BP type Client BP category Company code.
Which of the following steps do you typically perform when executing the payment run with the automatic payment program?
Note: There are 2 correct answers to this question. Rank bank accounts for payment. Define maximum amounts to be paid per supplier. Review the payment proposal exception list. Maintain open item selection parameters.
Which statements best describe extension ledgers in SAP S/4HANA?
Note: There are 2 correct answers to this question. Multiple extension ledgers can point to the same underlying ledger. Extension ledgers can be assigned their own fiscal year variant Extension ledgers can have different currencies than the underlying ledger. Extension ledgers can be assigned their own posting period variant.
Which elements define the integration of asset acquisitions to the general ledger?
Note: There are 2 correct answers to this question. Depreciation area Valuation area Depreciation keys Asset class.
Which sequence of steps allows a three-way match in procurement transactions? Purchase requisition, purchase order, goods receipt Purchase order, purchase requisition, invoice receipt Purchase requisition, goods receipt, invoice receipt Purchase order, invoice receipt, goods receipt.
What items are NOT cleared by the automatic clearing program?
Note: There are 3 correct answers to this question. Items with sales and use taxItems with value added tax Statistical postings Noted items Items with withholding tax.
You need to define a new document type with a specific document number range to post customer invoices via interface from a non-SAP system
How would you define the document number range? You have to use external number assignment. You have to use internal number assignment. You can use internal, external, or continuous number assignment. You have to use continuous number assignment.
Which of the following statements best describe a noted item?
Note: There are 2 correct answers to this question. It can be accessed by the payment program It has an automatic statistical offsetting entry It can be used to remind the user about due payments. It updates the subledger and the general ledger.
Which of the following are valid settlement receivers when you perform settlement for an asset under construction on a line item basis?
Note: There are 2 correct answers to this question. Cost center Functional area Profit center Fixed asset.
What does the document type control?
Note: There are 2 correct answers to this question. Whether exchange rate difference is permitted Which account types are allowed for postings Which posting keys are allowed for postings Whether negative postings are permitted.
In your system, you currently perform manual outgoing payments and you want to use the automatic payment program
Which settings must you maintain as part of the configuration of the automatic payment program?
Note: There are 2 correct answers to this question. Bank determination Paying company codes Special GIL indicators Payment terms.
You forgot to add a new general ledger account into the financial statement version.
What impact does this have on the net profit and net loss?
The balance of the new account is added to the notes in the financial statement item section and is excluded from the calculation. The balance of the new account is added to the notes in the financial statement item section and is included in the calculation. The balance of the new account is added to the non-assigned section and is included in the calculation. The balance of the new account is added to the non-assigned section and is excluded from the calculation.
You are running an international business and you want to set up separate legal entities to run operations and perform accounting activities
Which organizational unit do you need to create for each legal entity? Controlling area Company Company code Segment.
What is the purpose of the chart of depreciation? he chart of depreciation defines the asset classes for which you can create fixed assets. The chart of depreciation facilitates country-specific legal valuation of fixed assets. The chart of depreciation is a reporting tool that structures your assets for hierarchical reporting The chart of depreciation substitutes the operational chart of accounts in asset-related postings.
Which statement best describes the normal reversals functionality? Executes an inverse posting by resetting the transaction figures. Executes the inverse posting of a cleared document before resetting it Executes a transfer posting by resetting the transaction figures. Executes an inverse posting by increasing the transaction figures.
You want to edit a dunning proposal
Which actions can you perform to edit a dunning proposal?
Note: There are 3 correct answers to this question. Block a line item Block an account Lower the dunning level of an item. Change a document. Change the dunning data of an account.
SAP S/4HANA is the digital core of the intelligent enterprise. Which applications from the SAP portfolio integrate with SAP S/4HANA to help you perform human resource management?
Note: There are 2 correct answers to this question. SAP Ariba SAP Fieldglass SAP C/4HANA SAP Success Factor.
What is the recommended organizational unit for cost-of-sales accounting? Functional area Controlling area Business area Sales area.
You are responsible for implementing Asset Accounting. You are provided with the legacy data of various assets and their grouping information based on category, life, and depreciation terms
What configuration step would you initiate to maintain these categories in SAP S/4HANA? Define asset classes and maintain their attributes. Configure depreciation keys and calculation keys. Define general ledger accounts per each category of legacy asset Copy the chart of depreciation and maintain depreciation areas.
For which special G/L indicator do you specify a target special G/L indicator? Guarantee given Customer down payment Bill of exchange Vendor down payment request.
What are the characteristics of a company in SAP S/4HANA?
Note: There are 2 correct answers to this question. It represents separate areas of operation within an organization It is considered for consolidation It can be assigned to a company code. Itis responsible for costs and revenues within an organization.
Which prerequisites must be fulfilled to allow for negative postings of journal entries?
Note: There are 2 correct answers to this question. The company code must allow negative postings. The reversal reason must be configured to allow negative postings. The posting key must allow negative postings. The reversal accounts must be configured to allow negative postings.
Your SAP S/4HANA system is integrated with controlling. You perform cost of sales accounting, and you report your profit and loss per profit center.
When posting a supplier invoice to a primary cost account, which field is mandatory by standard procedures? Cost Center Business Area Functional Area Segment.
You want to define a validation for the combination of general ledger account and cost center.
For which call-up point do you define this validation? Document header Cost of sales accounting Complete document Document line.
What do you need to do to configure a new exchange rate type in SAP S/4HANA?
Note: There are 2 correct answers to this question. Maintain exchange rates daily Specify a purpose for the exchange rate type Specify the direct or indirect quotation Set up the relationship between currencies using translation ratios.
Which edition of SAP S/4HANA introduced the universal journal? SAP S/4HANA Finance 1503 SAP Business Suite powered by SAP HANA SAP S/4HANA Cloud SAP S/4HANA 1511.
Which steps are required to create a substitution in Financial Accounting?
Note: There are 3 correct answers to this question. Assign the substitution rule to the controlling area Choose the area of application GL. Activate the substitution rule. Define the substitution rule with its different steps using the formula editor. Select the correct call-up point.
In your SAP S/4HANA system, you report financial values for three separate accounting principles. You post an acquisition for an asset that is capitalized in a single accounting principle
If you use the application to post integrated asset acquisitions, how many documents will the system post? 1 2 3 4.
You are posting an incoming payment against an invoice
Which document values does the user tolerance group control?
Note: There are 2 correct answers to this question. The cash discount amount (absolute value) allowed for a line item The payment amount allowed for each customer open item The cash discount percentage allowed for the complete document The total amount (sum of all line items) allowed to be posted.
You are creating an asset master record by copying another asset, and you notice that the inventory number is copied over.
Which setting do you make to ensure the inventory number is NOT copied over when you create a new asset via copy? Remove the subnumber indicator in screen layout maintenance. Remove the asset class indicator in screen layout maintenance. Remove the reference indicator in screen layout maintenance. Remove the main asset indicator in screen layout maintenance.
At what level is the bank master data stored in SAP S/4HANA? At company level At client level At company code level At controlling area level.
You are configuring accrual types for the accrual engine.
For which postings is account determination required?
Note: There are 2 correct answers to this question. Periodic only Opening and Closing Posting only Closing Posting only Opening Posting only.
You want to configure the tax calculation procedures.
What are the main elements you need to define?
Note: There are 3 correct answers to this question. Tax code Country key Condition type Account or transaction key Sequence of steps.
Which attributes should you consider when defining asset number ranges?
Note: There are 2 correct answers to this question. Asset number ranges are defined for asset classes and are company code specific Each asset class can have either an internal or external number range Asset number ranges are defined at chart of depreciation level Each asset number range has to be assigned to a unique asset class.
What are the pillars of the SAP Fiori user experience paradigm?
Note: There are 3 correct answers to this question. User-based Simple Role-based Responsive Vibrant.
On which database is SAP S/4HANA built to run? On all modem enterprise level databases On all databases that support columnar data storage Only on SAP HANA Ona select list of SAP and third-party databases.
Which fields of a financial accounting document influence the automatic payment program?
Note: There are 3 correct answers to this question. Payment advice Payment type Payment term Payment method Payment block.
A general ledger account has a foreign currency setting of CAD. The company code currency is USD. The controlling area currency is EUR
Which currencies can you post to in this account? You can only post to the account in CAD and USD. You can only post to the account in CAD. You can only post to the account in USD. You can only post to the account in CAD, USD, and EUR.
You want to configure the default baseline date for the payment terms of an incoming invoice
From which date can you derive the baseline date?
Note: There are 3 correct answers to this question. Posting date Document date Entry date Goods receipt date Value date.