Which of the following closing activities is a so-called technical closing step? Close the previous period in Materials Management (MM) Perform valuations of open items in foreign currency Perform asset depreciation run Process purchase order accruals.
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 accounting principles to the new valuation methods Define two valuation areas and two accounting principles with relevant links to ledgers. Define two valuation areas and two extension ledgers with relevant links to accounting principles. Define two valuation methods and assign the ledger groups to the new valuation methods.
What do you define when configuring asset classes?
Note: There are 3 correct answers to this question. Account determination Transaction types Posting keys Screen layout rules Number ranges.
How does the system determine the correspondence type of a payment notice? 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 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.
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 type Payment transaction.
You are responsible for configuring document splitting
What are some of the key settings?
Note: There are 2 correct answers to this question. Decument number range Field status variant Document type Business transaction variant.
For which special G/L indicator do you specify a target special G/L indicator? Bill of exchange Customer down-payment Guarantee given Vendor down-payment request.
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
Set the deletion flag in the company code data of the G/L account. Set the deletion flag in the chart of accounts data of the G/L account. The account is not used in any automatic account determination. There are no transaction figures for the account. Transaction figures are older than a customizable amount of years.
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. Company code currency Global currency Custem currency type Z1 Document currency.
Which steps are required to create a substitution in Financial Accounting?
Note: There are 3 correct answers to this question. Select the correct call-up point. Define the substitution rule with it's different steps using the formula editor. Assign the substitution rule to the controlling area. Specify an authorization group Activate the Substitution rule.
Which date is used to determine the depreciation start date Baseline date Acquisition date Asset value date Posting date.
What items are NOT cleared by the automatic clearing program?
Note: There are 3 correct answers to this question. Items with sales and use tax Stetistical postinas Items with withholding tax Items with value-added tax Noted items.
What are prerequisites for the 3-way match to work in procurement transactions?
Note: There are 2 correct answers to this question. Goods receipt posted in reference to the purchase order Invoice receipt posted before the goods receipt Goods receipt posted before the invoice receipt Invoice receipt posted in reference to the purchase order.
What is the recommended organizational unit for cost of sales accounting? Profit center Controlling area Functional area Segment.
Besides using the profit center, which options does General Ledger Accounting with document splitting provide to assign 2
segment to the posting line?
Note: There are 2 correct answers to this question.
BAd! implementation (FAGL_DERIVE_SEGMENT) Definition of validation rules Assignment of default segments to G/L accounts Standard account assignment, using constants.
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