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c_ts4fi_2021

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Title of test:
c_ts4fi_2021

Description:
SAP Financial Accounting

Author:
Sang-jun Lee
(Other tests from this author)

Creation Date:
06/10/2022

Category:
Logical

Number of questions: 91
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Content:
Which prerequisites must be fulfilled to allow for negative postings of journal entries? (There are 2 correct answers to this question) The company code must allow negative postings. The posting key must allow negative postings The reversal reason must be configured to allow negative postings. The reversal accounts must be configured to allow negative postings.
What are key reasons for preferring a new implementation of SAP S/4HANA rather than a system conversion from SAP ERP? There are 2 correct answers to this question. You want to clean up your system and use SAP Best Practice. You want to deploy SAP S/4HANA Cloud. You want to integrate the system with SAP Business Technology Platform. You wnat to use document splitting for the General Ledger.
Which information is part of the Bank Master Data? There are 2 correct answers to this question. Control data Address details Information for eletronic payment transactions. Data Medium Exchange (DME) details.
You want to configure the tax calculation procedures. What are the main elements you need to define? There are 3 correct answers to this question. Account key Tax code Condition type Tax category Sequence of steps.
What does thedocument splitting function do? There are 2 correct answers to this question. It enriches all customer and vendor line items with the defined splitting characteristics in the relevant subledgers. It ensures that you can create complete financial reports per profit center if it is required by the business It enriches all relevant balance sheet account lines with the defined splitting characteristics It enables the automatic creation of additional postings documents for each defined splitting characteristic.
On which levels can you maintain field status controls for business partners(BP)? There are 2 correct answers to this question. Company code BP type BP role BP category.
To use the SAP Financial Closing cockpit, which steps are required? There are 3 correct answers to this question. Create a template. Define the person responsible for tasks. Create task groups. Define tasks dependencies Release the task list.
How does the system perform the normal reversal of a journal entry? It creates an inverse posting by increasing the transaction figures. It creates an inverse posting by resetting the transaction figures. It creates an inverse posting by resetting the transaction figures for cleared documents. It creates an inverse posting by decreasing the transaction figures.
Which of the following are valid settlement receivers, when you perform settlement receivers, when you perform settlement for an asset under construction, on a line item basis? There are 2 correct answers to this question. Cost center Functional area Profit center Fixed asset.
Which characteristic maps the business partner to the customer and supplier account groups? Business partner account group Business partner view Business partner grouping Business partner role.
You want to create a substitution in Financial Accounting. Which parts do you have to define for each step of the substitution? There are 2 correct answers to this question. Callup point Prerequisite statement Substitution values Check statement.
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? Business area Profitability Segment Functional area Segment.
What are some of the benefits of how data is handled in SAP S/4HANA? There are 2 correct answers to this question. The data is available in real time at line item detail. The data is aggregated in real time from any line item table. The data is Summarized into higher levels of aggregates to accelerate system performances. The data is constantly auto-archived to optimize memory usage.
How does SAP S/4HANA support the treatment of taxes? There are 3 correct answers to this question. It posts the tax amount to tax accounts It checks the tax amount entered and automatically calculates the tax It adjusts the tax codes and automatically updates the procedure. It performs tax adjustments for cash discounts and other forms of deductions. It checks the tax codes and automatically updates the tax rates based on changes by the tax authorities.
You'd like to set up low value asset (LVA) management. What do you need to do? Define two Separate asset classes to manager LVA using individual or collective management Specify the minimum amount for LVA at three levels : company code, depreciation area and asset class Define a base unit of measure for LVA in individual management. Specify the maximum amount for LVA at two levels : company code and chart of depreciation .
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 in real time Area does not post Area posts APC immediately, depreciation periodically Area posts depreciation only.
What is shared between all deployment options for SAP S/4HANA (Cloud, On-Premise)? There are 3 correct answers to this question. Configuration options Upgrade intervals Data model Code line User experience.
Which of the following statements best describe a noted item? There are 2 correct answers to this question. It updates the subledger and the general ledger. It has an automatic statistical offsetting entry It can be used to remind the user about due payments. It can be accessed by the payment program.
What dunning-related data do you maintain on the business partner master record? There are 2 correct answers to this question. Dunning interval Dunning block Dunning key Dunning area.
What do you need to do to configure an new exchange rate type in SAP S/4HANA? There are 2 correct answers to this question. Specify a purpose for the exchange rate type Maintain exchange rates daily Specify the company code currency as the base currency Set up the relationship between currencies using transaction ratios.
When is it possible to set the open item management indicator in a general ledger account? There are 2 correct answers to this question. When an account is set up as a secondary cost element When an account has a zero balance When an account is set up as a reconciliation account When an account is set up as a balance sheet account.
You are group cash manager interested in the North American business market. What are the personalization options available to you in SAP Fiori? There are 2 correct answers to this question. You can create a tile group with all the apps required for your daily business for easy access. You can manage user access to relevant apps for your team without help from an administrator. You can adapt the launchpad color theme according to predefined values for the cash report. You can create a tile to take you directly to the cash position of the North American business market.
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/4AHANA? Configure depreciation keys and calculation keys. Define a depreciation area to transfer all the legacy data. Define asset classes and maintain their attributes. Define depreciation areas for each category of legacy asset.
Which elements define the integration of asset acquisitions with the general ledger? There are 2 correct answers to this question Depreciation Keys Valuation Area Asset Class Depreciation Area.
A general ledger account is defined with the account type "Nonoperating Expense or Income". Where can this account be used? Profit and loss account that is used in margin analysis and profit center accounting Profit and loss account that is used in overhead management accounting Profit and loss account that is used in profit center accounting Profit and loss account that is used in margin analysis.
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 last posting period must be open for posting in the period control. The special period must be open for posting in the period control. Yeu must enter a posting date in the last posting period. The balance carry-forward to the new fiscal year must have happened.
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. Number range and document types must be maintained. Automatic account determination must be maintained. line item text templates must be maintained. The posting period variant must be created and assigned.
Which statements best describe extension ledgers in SAP S/4AHANA? Note: There are 2 correct answers to this question. Extension ledgers can be assigned their own fiscal year variant. Multiple extension ledgers can point to the same underlying ledger. Extension ledgers can be assigned their own posting period variant. Extension ledgers can have different currencies than the underlying ledger.
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. Maintain open item selection parameters. Rank bank accounts for payment. Define maximum amounts to be paid per supplier. Review the payment proposal exception list.
What are the characteristics of a company in SAP S/4HANA? Note: There are 2 correct answers to this question. It can be assigned to a company code. It represents separate areas of operation hin an organization. It is considered for consolidation. It is responsible for costs and revenues within an organization.
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? Supplier reconciliation G/L account Individual supplier accounts with special G/L indicator Alternative reconciliation G/L account Adjustment G/L account for foreign currency.
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. Bank master data Company code General ledger account Bank control key Payment method.
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 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. 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.
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 valuations of open items in foreign currency. Run plan assessment cycles for profit centers. Perform flat rate value adjustment for receivables.
How can you define a matching method for intercompany reconciliation? It can be either defined as master data or as configuration It can be automatically determined by a user exit It must be defined as master data It must be defined as a configuration.
What are the maintenance levels of a screen layout rule for asset master data? Note: There are 3 correct answers to this question. Main asset number Group asset Asset class Asset subnumber Depreciation area.
What are the features of the Accrual Engine in SAP $/4HANA? Note: There are 2 correct answers to this question Accrual postings with a maximum of two line items are supported. All accrual calculations must be reviewed and approved before posting. The fiscal year variant of the general ledger is supported All currencies of the general ledger are supported.
You forgot to add a new general ledger account to the Finanancial 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 included in the calculation 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 excluded from the ~ calculation The balance of the new account is added to the non-assigned section and is included in the calculation.
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 credit memos, even after assets under construction are fully capitalized. 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 special tax depreciation and investment support for assets under construction.
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 defined at the client level should NOT overlap. Financial document number ranges are defined only at company code level. Financial document number ranges must be defined for the year in which they are used. All financial document number ranges can contain numbers and/or letters.
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 split What are some of the key settings? Note: There are 2 correct answers to this question. Document 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 Custom 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 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 Statistical postings 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. BAdl implementation (FAGL_DERIVE_SEGMENT) Definition of validation rules Assignment of default segments to G/L accounts Standard account assignment, using constants.
Which field can you change on a posted invoice? Special G/L indicator Statistical internal order Baseline date Tax code.
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 Group currency Controlling area currency Company code currency Document currency.
Which of the following is a technical year-end closing activity in SAP S/4HANA? Accruals must be posted. Ledger balances must be carried forward. Foreign currency valuation must be posted. Balance sheet adjustments must be posted.
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 Bank determination Payment run.
For which account can you perform account clearing in SAP S4HANA? Fer any G/L account defined as a reconciliation account Fer any account that is managed on an open item basis For any account that can be posted in foreign currency For any balance Sheet account managed on a line item basis.
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. Value date Document date Goods receipt date Posting date Entry date.
What can you control with the reason code in Accounts Receivable? Note: There are 3 correct answers to this question. The document type of the payment The type of payment notice sent to a customer The special G/L indicator for the down payment The exclusion of disputed residual items from credit limit checks The account where a residual item is posted.
How does an automatic intercompany asset transfer work? It determines the relationship type automatically, using the company code. It does NOT allow a transfer to happen within a single legal entity. It assumes that the transfer happens between two independent legal entities. It determines the relations! type automatically, using the company ID.
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 special periods are permitted Which posting keys are allowed for postings Whether negative postings are permitted Whether postings to secondary cost accounts are permitted.
Which parameter indicates that a line item can be dunned only with restrictions? Dunning block reason Dunning grouping Dunning area Dunning key.
What archiving step must precede archiving a supplier invoice posted directly to FI? Archive accounts payable master data Archive data in CO Archive FI transaction figures Perform compression run.
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 must use external number assignment. You can use internal or external number assignment. You must use internal number assignment. You can use internal or external number assignment, but only if it is continuous.
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 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 Unlike the ledger approach, in the accounts approach, you assign a separate set of accounts for each accounting principle.
How do you configure depreciation areas in SAP S/4HANA? Note: There are 2 correct answers to this question. Assign depreciation area 01 to the leading ledger. Assign each accounting principle to a depreciation area. Ensure all depreciation areas always post to the general ledger. Ensure a ledger group is assigned to each accounting principle.
Which statements best describe a profit center? Note: There are 2 correct answers to this question. 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 the only object from which segments can be uniformly derived. 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.
Which parameters can you specify directly when you create a new correspondence type? Note: There are 3 correct answers to this question. Reason code required Number of date fields required Account required Company code required Document number required.
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 for asset classes and are company code specific. Asset number ranges are defined at chart of depreciation level. Each asset number range must be assigned to a unique asset class. Each asset class can have either an internal or external number range.
What are some features of SAP HANA? Note: There are 2 correct answers to this question 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. SAP HANA is optimized to organize data using column stores.
You want to edit a dunning proposal. Which actions can you perform? Note: There are 3 correct answers to this question. Change a document. Raise the dunning level of an account. Block a line item. Lower the dunning level of an item. Block an account.
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 Segment Company code Consolidation unit.
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. Posting periods are closed for asset G/L accounts. Asset master data is complete and without errors. Depreciation is posted in full for all assets. The fixed asset fiscal year change is complete.
You post a purchase order. For which expenses does the system calculate accruals? Note: There are 2 correct answers to this question. Fixed asset purchases Raw material purchases Insurance premiums Consulting services.
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 from a WBS element Manually (transaction ASO1), using a specific asset class.
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? 2 4 3 1.
Which prerequisites must be fulfilled to allow for negative postings of journal entries? Note: There are 2 correct answers to this question. The reversal accounts must be configured to allow negative postings. The posting key must allow negative postings. The reversal reason must be configured to allow negative postings. The company code must allow negative postings.
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 integrate the system with SAP Business Technology Platform. You want to clean up your system and use SAP Best Practices. You want to deploy SAP S/4HANA Cloud You want to use document splitting for the General Ledger.
Which information is part of the Bank Master Data? Note: There are 2 correct answers to this question. Information for electronic payment transactions Control data Data Medium Exchange (DME) details Address details.
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 Sequence of steps Account key Tax category Tax code Condition type.
What does the document splitting function do? Note: There are 2 correct answers to this question. It enriches all customer and vendor line items with the defined splitting characteristics in the relevant subledgers. It ensures that you can create complete financial reports per profit center if it is required by the business. It enables the automatic creation of additional posting documents for each defined splitting characteristic. it enriches all relevant balance sheet account lines with the defined splitting characteristics.
On which levels can you maintain field status controls for business partners (BP)? Note: There are 2 correct answers to this question. Company code BP type BP category BP role.
To use the SAP Financial Closing cockpit, which steps are required? Note: There are 3 correct answers to this question. Create a template. Define task dependencies. Define the person responsible for tasks. Release the task list. Create task groups.
How does the system perform the normal reversal of a journal entry? 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. It creates an inverse posting by resetting the transaction figures.
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 Profit center Functional area Fixed asset.
Which characteristic maps the business partner to the customer and supplier account groups? Business partner view Business partner account group Business partner role Business partner grouping.
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 Callup point Substitution values Prerequisite statement.
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? Profitability Segment Business area Functional area Segment.
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