Which date is used to determine the depreciation start date? Baseline date Posting date Asset value date Acquisition date.
What can you control with the reason code in Accounts Receivable?
Note: There are 3 correct answers to this question. The type of payment notice sent to a customer The document type of the payment The special G/L indicator for the down payment The account where a residual item is posted The exclusion of disputed residual items from credit limit checks .
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. Asset master data is complete and without errors. The fixed asset fiscal year change is complete. Posting periods are closed for asset G/L accounts. Depreciation is posted in full for all assets.
Which elements define the integration of asset acquisitions with the general ledger?
Note: There are 2 correct answers to this question. Asset Class Valuation Area Depreciation Keys Depreciation Area.
How does SAP S/4HANA support the treatment of taxes?
Note: There are 3 correct answers to this question. It checks the tax codes and automatically updates the tax rates based on changes by the tax authorities. |t adjusts the tax codes and automatically updates the procedure. It checks the tax amount entered and automatically calculates the tax. It posts the tax amount to tax accounts. It performs tax adjustments for cash discounts and other forms of deductions.
Which fields of a financial accounting document influence the automatic payment program?
Note: There are 3 correct answers to this question. Payment method Terms of payment Baseline date Payment transaction Payment type.
How does an automatic intercompany asset transfer work? It does NOT allow a transfer to happen within a single legal entity. |t assumes that the transfer happens between two independent legal entities. |t determines the relationship type automatically, using the company ID. It determines the relationship type automatically, using the company code. .
What does the document type control?
Note: There are 3 correct answers to this question. Which account types are allowed for postings Whether postings to secondary cost accounts are permitted Whether negative postings are permitted Whether postings to special periods are permitted Which posting keys are allowed for postings .
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 from the same tables.
Which of the following statements best describes how customer down payments are integrated with Sales & Distribution (SD)? A down payment request is created as an SD sales order, which is automatically posted in Fl as a noted item. A down payment request is created as an FI noted item, which automatically generates an SD sales order. A down payment request is: created as an Fl noted item, which automatically generates an SD billing document. A down payment request is created as an SD billing document, which is automatically posted in Fl as a noted item.
Which field can you change on a posted invoice? Tax code Special G/L indicator Statistical internal order Baseline date.
What is the difference between the ledger approach and the accounts approach to parallel valuation in Asset Accounting? Unlike the ledger approach, in the accounts approach, you define a technical clearing account for integrated asset acquisitions. Unlike the ledger approach, in the accounts approach, you assign'a separate set of accounts for each accounting principle. Unlike the accounts 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 ledger approach, you assign a ledger group to every depreciation area.
Which characteristic maps the business partner to the customer and supplier account groups? Business partner role Business partner account group Business partner grouping Business partner view.
You need to post customer invoices through an interface with a non-SAP system. You want to define a new document type with a specific document number range that matches the document numbers of the source system.
How do you define the document number range? You can use internal or external number assignment. You must use internal number assignment. You must use external number assignment. You can use internal or external number assignment, but only if it is continuous. .
You are configuring asset-related postings of depreciation areas in Asset Accounting for a company code that uses the ledger approach to parallel valuation.
Which of the following settings would lead to an error? Area posts APC immediately, depreciation periodically Area posts in real time Area posts depreciation only Area does not post.
In your SAP S/4HANA system, you report financial values for two 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 getting ready to post your first simple general ledger document using the SAP Fiori app for posting ina 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. The posting period variant must be created and assigned. Number range and document types must be maintained. Automatic account determination must be maintained. Line item text templates must be maintained. .
What items are NOT cleared by the automatic clearing program?
Note: There are 3 correct answers to this question. Items with withholding tax Items with sales and use tax Noted items Items with value-added tax Statistical postings .
How can you create an asset under construction?
Note: There are 2 correct answers to this question. Automatically, when creating an investment measure Automatically, when settling capex costs from an internal order Automatically, when settling capex costs froma WBS element Manually (transaction AS01), using a specific asset class .
In your SAP S/4HANA system, you want to archive the G/L accounts that are not used by the business in any company code.
What are prerequisites to archiving all data of a G/L account?
Note: There are 3 correct answers to this question. There are no transaction figures for the account. Set the deletion flag in the chart of accounts data of the G/L account. Transaction figures are older than a customizable amount of years. The account is not used in any automatic account determination. Set the deletion flag in the company code data of the G/L account.
Which steps are required to create a substitution in Financial Accounting?
Note: There are 3 correct answers to this question Specify an authorization group. Assign the substitution rule to the controlling area. Select the correct call-up point Select Activation Level 2 Define the substitution rule with its different steps using the formula editor.
Which of the following statements are valid for financial document number ranges?
Note: There are 3 correct answers to this question All financial document number ranges can contain numbers and/or letters. The same financial document number range can be assigned to several document types Financial document number ranges are defined only al company code level Financial document number ranges must be defined for the year in which they are used Financial document number ranges defined at the client level should NOT overlap.
What dunning-related data do you maintain on the business partner master record?
Note: There are 2 correct answers to this question. Dunning area Dunning interval Dunning key Dunning block.
You want to edit a dunning proposal.
Which actions. can you perform?
Note: There are 3 correct answers to this question. Block an account. Lower the dunning level of an item. Change a document: Block a line item. Raise the dunning level of an account. .
You must 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 two valuation methods and assign the ledger groups to the new valuation methods. Define two valuation areas and two accounting principles with relevant links to ledgers. Define two valuation methods and assign the accounting principles to the new valuation methods. Define two valuation areas and two extension ledgers with relevant links to accounting principles.
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. Global currency Company code currency Document currency Custom currency type Z1.
How does the system perform the normal reversal of a journal entry? It creates an inverse posting by resetting the transaction figures. It creates an inverse posting by decreasing the transaction figures. It creates an inverse posting by resetting the transaction figures for cleared documents. It creates an inverse posting by increasing the transaction figures. .
Which statements best describe extension ledgers in SAP S44HANA?
Note: There are 2 correct answers to this question. Extension ledgers can have different currencies than the underlying ledger. Extension ledgers can be assigned their own fiscal year variant. Extension ledgers can be assigned their own posting period variant. Multiple extension ledgers can point to the same underlying ledger. .
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? Company code Company Segment Consolidation unit .
What are prerequisites for the 3-way match to work in procurement transactions?
Note: There are 2 correct answers to this question. Invoice receipt posted in reference to the purchase order Goods receipt posted before the invoice receipt Invoice receipt posted before the goods receipt Goods receipt posted in reference to the purchase order .
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? Segment Profitability segment Functional area Business area.
Which of the following is a technical year-end closing activity in SAP S/AHANA? Balance sheet adjustments must be posted. Ledger balances must be carried forward. Accruals must be posted. Foreign currency valuation must be posted.
When is it possible to set the open item management indicator in a general ledger account?
Note: There are 2 correct answers to this question. When an account is Set up as a reconciliation account When an account is set up as a balance sheet account When an account has a zero balance When an account is set up as a secondary cost element.
When an account is set up as a secondary cost element For any account that is managed on an open item basis For any G/L account defined as a reconciliation account For any account that can be posted in foreign currency For any balance sheet account managed on a line item basis .
What is the recommended organizational unit for cost of sales accounting? Functional area Profit center Segment Controlling area .
Which of the following steps do you typically perform during a payment run with the automatic payment program?
Note: There are 2 correct answers to this question. Review the payment proposal exception list. Maintain open item selection parameters. Rank bank accounts for payment. Define maximum amounts to be paid per Supplier.
Which statements best describe a profit center?
Note: There are 2 correct answers to this question. It is the only object from which segments can be uniformly derived. It is an object for which separate balance sheet and P&L statements can be created, whether segments are being maintained or not. It is an object for which Separate balance sheet and P&L statements are created only when used in conjunction with segments. It is the only object that can be uniformly derived using segments.
For which special G/L indicator do you specify a target special G/L indicator? Vendor down-payment request Guarantee given Customer down-payment Bill of exchange.
What archiving step must precede archiving a supplier invoice posted directly to Fl? Archive Fl transaction figures Perform compression run Archive data in CO Archive accounts payable master data.
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 Bank control key Bank master data Company code Payment method.
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