On which levels can you activate document splitting? Note: There are 2 correct answers to this question Client level Document type level Ledger level Company code level.
What are the features of the Accrual Engine in SAP S/4 HANA? There are 2 correct answers to this question. The fiscal year variant of the general ledger is supported The Fl reversal is NOT supported Complex postings with more than two line items are NOT possible All currencies of general ledger are supported.
Which of the following statements best describe a noted item?
Note: There are 2 correct answers to this question. It updates the subledger and the general ledger 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.
You are responsible for configuring document splitting. What are some of the key settings?
Note: There are 2 correct answers to this question. Field status variant Business transaction variant Document number range Document type.
Your customer wants the values for a special group of assets to be shown separately in the general ledger.
Which objects do you create in Customizing for Asset Accounting?
Note: There are 2 correct answers to this question. Asset class Depreciation area Account determination key Financial statement version.
What sort of special general ledger types exist? Choose the correct answers. 3 Noted items Final payments Free offsetting entries Other types Automatic offsetting entries (statistical).
The dunning run is made up of three main steps that happen in a particular sequence. What is the correct sequence of steps? Account selection Dun account Dun line items V.
What is the first step in the reconciliation process? Choose the correct answer. Present reconciled and non-reconciled data Collect data from different companies Communicate differences.
Which data sections are part of every asset class? There are 2 correct answers to this question Depreciation data section Valuation area data section Master data section Account determination data section.
Where do you indicate that the useful life of the asset sub-number is identical to the useful life of the main asset? In the screen layout of the asset master record In the asset master record of the main asset In the account determination of the asset class In the screen layout of the depredation area.
What must you do to create new validations and substitutions? Note There are 2 correct answers to this question. Deactivate all former validations and substitutions Choose the chart of accounts Define the area of application Select the relevant call-up point.
Which parameters can you specify when you create a new correspondence type? There are 3 correct answers to this question. Document number required Company code required Account required Reason code required Number of date fields required.
Which of the following statements apply to the special general ledger types of noted items?
Choose the correct answers. (3) No zero-balance check is made in the system Noted items are posted to an alternative reconciliation account No postings are made on an offsetting account No special general ledger indicators of your own can be created of this type The account for the offsetting entry is selected automatically.
How do you depreciation areas in SAP S/4HANA?
Note: There are 2 correct answers to this question. 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 Ensure depreciation areas always post to the general ledger.
In which items of a financial statement version can you find values related to accounts for sales deductions and material expenses? Sales deductions in loss item Material expenses in loss item Sales deductions in assets item Material expenses in loss item Sales deductions in liabilities item material expenses in loss item Sales deductions in loss item Material expenses in liabilities item.
What do you define in payment terms?
Note: There are 2 correct answers to this question Tolerance days Due date specification Cash discount Posting key.
Which of the following special G/L transactions are noted items? Note: There are 2 correct answers to this question. Bill of exchange payment request Down payment request Down payment Down payment.
Which statements best describe extension ledgers in SAP S / 4HANA? 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 posting period variant Multiple extension ledgers can point to the same underlying ledger Extension ledgers can be assigned their own fiscal year variant.
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. Activate aging on SAP HANA Define the logical file path as a global path for data aging Add required authorizations for data aging to your role Switch on the data aging business function Activate data aging for your company code.
How do you identify an asset as an asset under construction? The ordinary depreciation start date is empty The asset belongs to a specific asset class The asset capitalization date is empty The asset is assigned to NO depreciation area.
What settings can you define specifically for an asset class? There are 3 correct answers to this question Asset under construction category Default transaction type for asset posting Maximum amount for low-value assets Synchronization rules for asset and equipment Account determination key.
What do you configure to allow cross-company-code transactions? Note- There are 2 correct answers to this question Clearing accounts Account types Special G/L indicator Posting keys.
Which statements best describe extension ledgers in SAP S / 4HANA? 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 posting period variant Multiple extension ledgers can point to the same underlying ledger Extension ledgers can be assigned their own fiscal year variant.
What are the results when you post an outgoing partial payment? There are 2 correct answers to this question A payment block is set on the invoice A payment is created with reference to the invoice The initial invoice is cleared The initial invoice remains open.
Identify the criteria that usually differentiate between document change rules. Choose the correct answers. (2) Account type Company code Asset class Open items.
What must you do to create new validations and substitutions? Note There are 2 correct answers to this question Deactivate all former validations and substitutions Choose the chart of accounts Define the area of application Select the relevant call-up point.
What is controlled by the terms of payment? There are 3 correct answers to this question Account for cash discount received Determination of the baseline date Default payment method Allowed account type Setting for net procedure.
What do you define in Customizing for the payment program? Note: There are 3 correct answers to this question Forms for the payment media Bank determination Exchange rate type Payment run ID Allowed currencies.
What is controlled by the terms of payment? There are 3 correct answers to this question Default payment method Determination of the baseline date Allowed account type Setting for net procedure Account for cash discount received
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Which standard currency types must be used when configuring the currency settings for company codes?
Note: There are 2 correct answers to this question. Company code currency Controlling area currency Group currency Document currency.
How can you post accruals? There are 3 correct answers to this question Use the recurring entry program Reclassify the receivables and payables Post manually at the end of a period, quarter, or year Execute the periodic accrual run Run the depreciation program.
What do you define when you create a new document type? Note: There are 2 correct answers to this question Reasons for reversal Number range for the document type Posting keys for the document type Account types allowed for posting.
You need to make the line item text field mandatory during document entry. Which objects should you analyze to fulfill this request?
Note: There are 2 correct answers to this question. G/L account Account group Posting key Document type.
Which of the following are standard correspondence types? There are 3 correct answers to this question Document journal Account statement Open items list Payment proposal Payment notice.
With the automatic clearing program, a user can clear open items for which of the following items? There are 2 correct answers to this question Subledger accounts Special general ledger indicator General ledger Currency.
What does the year-end closing program in Asset Accounting do? Note: There are 3 correct answers to this question It blocks all postings to Asset Accounting for the closed fiscal years It posts all remaining depredation and imputed interest It checks whether the depreciation is posted completely for the fiscal year It settles all assets under construction with values and maintained settlement rules It indicates if any of the created asset master records contain errors or are incomplete.
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