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2nd Beenish

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Title of test:
2nd Beenish

Description:
binatest2

Author:
waqas_1985@yahoo.com
(Other tests from this author)

Creation Date:
22/09/2022

Category:
Others

Number of questions: 40
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Content:
You post a purchase order. For which expenses does the system calculate accruals? Note: There are 2 correct answers to this question. Consulting services Insurance premiums Raw material purchases Fixed asset purchases.
Which closing activities are performed for external reporting as per SAP best practices? Note: There are 3 correct answers to this question. Perform a top-down distribution in margin analysis. Regroup receivables and payables on the balance sheet. Perform flat rate value adjustment for receivables. Run plan assessment cycles for profit centers. Perform valuations of open items in foreign currency. .
You assign currency type 40 to your company code in ledger OL. Which source currency types can you select? Note: There are 2 correct answers to this question. Document currency Company code currency Group currency Controlling area currency.
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. Specify a purpose for the exchange rate type. Set up the relationship between currencies using translation ratios. Maintain exchange rates daily. Specify the company code currency as the base currency. .
What do you define when configuring asset classes? Note: There are 3 correct answers to this question. Screen layout rules Number ranges Posting keys Transaction types Account determination .
Which prerequisites must be fulfilled to allow for negative postings of journal entries? Note: There are 2 correct answers to this question. The posting key must allow negative postings. The reversal accounts must be configured to allow negative postings. The company code must allow negative postings. The reversal reason must be configured to allow negative postings. .
Which of the following statements best describe a noted item? Note: There are 2 correct answers to this question. It can be used to remind the user about due payments. It can be accessed by the payment program. It has an automatic statistical offsetting entry. It updates the subledger and the general ledger. .
Besides using the profit center, which options does General Ledger Accounting with document splitting provide to assign a segment to the posting line? Note: There are 2 correct answers to.this question. Definition of validation rules Standard account assignment, using constants Assignment of default segments to G/L accounts BAdl implementation (FAGL_DERIVE_SEGMENT).
How can you define a matching method for intercompany reconciliation? It can be automatically determined by a user exit |t must be defined as configuration |t must be defined as master data It can be either defined as master data or as configuration.
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. Entry date Posting date Value date Document date Goods receipt date .
What are the maintenance levels of a screen layout rule for asset master data? Note: There are 3 correct answers to this question. Asset subnumber Main asset number Asset class Group asset Depreciation area .
What are key reasons for preferring a new implementation of SAP S/4HANA rather than a system conversion from SAP ERP? Note: There are 2 correct answers to this question. You want to deploy SAP S/4HANA Cloud. You want to clean up your system and use SAP Best Practices. You want to integrate the system with SAP Business Technology Platform. You want to use document splitting for the General Ledger.
You are responsible for configuring document splitting. What are some of the key settings? Note: There are 2 correct answers to this question. Document type Document number range Business transaction variant Field status variant .
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. You must enter a posting date in the last posting period. The last posting period must be open for posting in the period control. The balance carry-forward to the new fiscal year must have happened. .
What is shared between all deployment options for SAP S/4HANA (Cloud, On-Premise)? Note: There are 3 correct answers to this question. Data model User experience Configuration options Code line Upgrade intervals.
A general ledger account is defined with the account type "Nonoperating Expense or Incomeā€: Where can this account be used? Profit and loss account that is used in overhead management accounting Profit and loss account that is used in margin analysis Profit and loss account that is used in margin analysis and profit center accounting Profit and loss account that is used in profit center accounting.
You'd like to set up low value asset (LVA) management. What do you need to do? Define a base unit of measure for LVA in individual management. Specify the minimum amount for LVA at three levels: company code, depreciation area and asset class. Define two separate asset classes to manage LVA using individual or collective management. Specify the maximum amount for LVA at two levels: company code and chart of depreciation.
You are responsible for implementing Asset Accounting. You are provided with the legacy data of various assets and their grouping information based on classifications, useful life, and depreciation terms. What configuration step would you initiate to maintain these categories in SAP S/4HANA? Configure depreciation keys and calculation keys. Define asset classes and maintain their attributes. Define depreciation areas for each category of legacy asset. Define a depreciation area to transfer all the legacy data.
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 can be assigned to a company code. It is considered for consolidation. It is responsible for costs and revenues within an organization. .
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 adapt the launchpad color theme according to predefined values for the cash report. You can create a tile group with all the apps required for your daily business for easy access. You can create a tile to take you directly to the cash position of the North American business market. You can manage user access to relevant apps for your team without help from an administrator.
What are some of the benefits of how data is handled in SAP S/4HANA? Note: There are 2 correct answers to this question. The data is available in real time at line item detail. The data is constantly auto-archived to optimize memory usage. The data is summarized into higher levels of aggregates to accelerate system performance. The data is aggregated in real time from any line item table.
How do you configure depreciation areas in SAP S/4HANA? Note: There are 2 correct answers to this question. Assign each accounting principle to. a depreciation area. Assign depreciation area 01 to the leading ledger. Ensure all depreciation areas always post to the general ledger. Ensure a ledger group is assigned to each accounting principle.
To use the SAP Financial Closing cockpit, which steps are required? Note: There are 3 correct answers to this question. Release the task list. Create task groups. Define task dependencies. Create a template. Define the person responsible for tasks.
On which levels can you maintain field status controls for business partners (BP)? Note: There are 2 correct answers to this question. BP category Company code BP type BP role.
Which parameters can you specify directly when you create a new correspondence type? Note: There are 3 correct answers to this question. Account required Number of date fields required Reason code required Company code required Document number required.
You forgot to add a new general ledger account to 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 non-assigned 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 notes in the financial statement item section and is excluded from the calculation.
In your system, you currently perform manual outgoing payments and you want to use the automatic payment program. Which new settings must you maintain as part of the configuration of the automatic payment program? Note: There are 2 correct answers to this question. Paying company codes Payment terms Payment run Bank determination.
You perform foreign currency valuation for open items of your supplier accounts. The valuations will be used only for period end reporting and should then be reversed. What account does the system use to post the valuation differences? Adjustment G/L account for foreign currency Individual supplier accounts with special G/L indicator Alternative reconciliation G/L account Supplier reconciliation G/L account.
The country that your company code operates in has defined a new VAT tax rate percentage of 15%, which will become effective at the start of the next fiscal year. You create the new VAT codes O5 and I5 to cover this requirement. How can you ensure that users use the new tax codes when entering tax relevant documents starting next year? Create a validation that issues an error when the user uses a deprecated VAT code when entering documents with a posting date in the new year. Enter the new tax codes as default for users who have authorization to post general ledger transactions after balance carry forward is done. Enter the appropriate new VAT code in the tax category field of the relevant expense and revenue G/L accounts after balance carry forward is done. Create a substitution that changes the deprecated VAT code to the relevant new one when entering documents with a posting date in the new year. .
Which of the following Should you consider when defining asset number ranges? Note: There are 2 correct answers to this question. Asset number ranges are defined at chart of depreciation level. Each asset class can have either an internal: or external number range. Asset number ranges are defined for asset classes and are company code specific. Each asset number range must be assigned to a unique asset class.
Which parameter indicates that a line item can be dunned only with restrictions? Dunning key Dunning grouping Dunning area Dunning block reason.
How does the system determine the correspondence type of a payment notice? According to the reason code, as long as all tolerance groups carry the same correspondence type According to the tolerance group, as long as all tolerance groups carry the same correspondence type According to the reason code, as long as all reason codes carry the same correspondence type According to the tolerance group, as long as all reason codes carry the Same correspondence type.
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 statement Prerequisite statement Substitution values Callup point.
Which of the following closing activities is a 's0-called technical closing step? Perform asset depreciation run Perform valuations of open items in foreign currency Process purchase order accruals Close the previous period in Materials Management (MM) .
You are asked to explain how assets under construction work in SAP S/4HANA. What should you highlight? Note: There are 2 correct answers to this question. It's possible to post special tax depreciation and investment support for assets under construction. It's impossible to use assets under construction with Investment Management. It's possible to calculate and post depreciation in the balance sheet depreciation area for assets under construction. It's possible to post credit memos, even after assets under construction are fully capitalized.
What are the features of the Accrual Engine in SAP S/4HANA? Note: There are 2 correct answers to this question. All accrual calculations must be reviewed and approved before posting. Accrual postings with a maximum of two line items are supported. All currencies of the general ledger are supported. The fiscal year variant of the general ledger is supported. .
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 Account key Condition type Tax category Sequence of steps.
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. Functional area Cost center Profit center Fixed asset.
What does the document splitting function do? Note: There are 2 correct answers to this question. It enriches all relevant balance sheet account lines with the defined splitting characteristics. It enables the automatic creation of additional posting documents for each defined splitting characteristic. It ensures that you can create complete financial reports per profit center if it is required by the business. It enriches all customer and vendor line items with the defined splitting characteristics in the relevant subledgers.
Which information is part of the Bank Master Data? Note: There are 2 correct answers to this question. Information for electronic payment transactions Data Medium Exchange (DME) details Address details Control data .
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