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Which program is used to enter accruals and deferrals regularly? Please choose the correct answer. Compact document journal. Devising program. Recurring entry program. Ledger grouping.

Which of the following methods does the depreciation key define? There are 3 correct answers to this question. Multilevel method. Period control method. Base method. Asset sheet valuation method.

Two assets (belonging to the same company code) post depreciation to different general ledger accounts. What does this mean for the assets? There are 2 correct answers to this question. The assets belong to different asset classes. The assets are assigned to separate account determinations. The assets post acquisition and production costs values to separate accounts. The assets are assigned to separate cost centers.

Which of the following is a difference between data aging and data archiving? Please choose the correct answer. Data aging frees up memory space. Data archiving removes data from the database. Data archiving has advanced logging capabilities. Data aging allows you to retrieve the aged data for analysis.

What types of objects are maintained separately per client? There are 3 correct answers to this question. ABAP programs. Transactional data. Master data. Function modules. Organizational units.

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 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.

You need to define a new document type with a specific document number range to post customer invoices via interface from a non-SAP system. How would you define the document number range? Please choose the correct answer. You have to use external number assignment. You can use internal, external, or continuous number assignment. You have to use continuous number assignment. You have to use internal number assignment.

You create a new G/L account. Which G/L account type can you assign? There are 2 correct answers to this question. Assessment Costs. Primary Costs or Revenue. Secondary Costs. Internal Activity Costs.

Identify the criteria that usually differentiate between document change rules. There are 2 correct answers to this question. Open items. Account type. Asset class. Company code.

The managerial closing activities include locking the old accounting period. Determine whether this statement is true or false. Please choose the correct answer. True. False.

True or False: The only version of the public cloud edition of SAP S/4HANA a customer can be on is the latest released version. Please choose the correct answer. True. False.

What is the correct order of steps when you use the SAP I financial Closing Cockpit? Please choose the correct answer. 1. Create template 2. Create tasks 3. Define dependencies 4. Create task list 5. Release task list. 1. Create tasks 2. Define dependencies 3. Create template 4. Create task list 5. Release task list. 1. Create template 2. Create tasks 3. Create task list 4. Define dependencies 5. Release task list. 1. Create tasks 2. Define dependencies 3. Create task list 4. Create template 5. Release task list.

A customer payment was received. An open item does NOT exist for the payment. How can you post the payment? Please choose the correct answer. Create a down payment. Create a residual item. Post payment on account. Post partial payment.

For which kind of asset is the asset main text always prefilled? Please choose the correct answer. Mass-created assets. Asset super numbers. Asset subnumbers. Group assets.

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? Please choose the correct answer. Segment. Company code. Company. Controlling area.

How can you set up multiple valuations for transfer pricing in your SAP S/4HANA system? There are 2 correct answers to this question. You can assign more than 3 valuations to the same ledger. You can assign profit center, group, and legal valuations to the same ledger. You can assign each valuation to a separate ledger. You can assign more than 3 valuations to different ledgers, if you have enough ledgers defined.

How can you differentiate the document parking workflow process on the business partner level? Please choose the correct answer. Assign different workflow release group. Assign different responsible organization unit. Assign different business partner groupings. Assign different payment method.

What can you do with asset accounting in SAP S/4HANA Finance? There are 3 correct answers to this question. Response: Post revenue for retirements by acquisition and production cost. Assign separate settlement rules for depreciation areas. Complete periodic acquisition and production cost adjustments postings. Define transaction types by depreciation area. Simultaneously post separate values by depreciation area.

What data do you maintain in the chart of accounts sections of a General Ledger account? Please choose the correct answer. Consolidation data. User data. Authorization data. Reconciliation data.

When a payment in foreign currency clears the amount of the invoice exactly in the foreign currency but in the local currency is more than the invoiced amount, what does the system do? Please choose the correct answer. Post to profit from exchange rate differences. Adjust the local currency amount to clear the invoice exactly. Leave the amount as an open item to be reconciled with open amounts in the future. Return the difference back to the customer.

What is the purpose of the group account number in General Ledger account master data maintenance? Please choose the correct answer. It acts as the key to identify the balance sheet and profit-and-loss accounts in the financial statement version. It determines the fields in the entry screen when you create or update a master record in the company code. it is used for cross-company-code reporting if the company codes use different charts of account. It defaults the number interval that is applied for the G/L account number in the company code.

Which statements best describe a profit center? There are 2 correct answers to this question. It has to be used simultaneously with segments to create separate balance sheet and P&L statements. It is the only object from which segments can be uniformly derived. It is the only object that can be uniformly derived using segments. It is an element for which separate balance sheet and P&L statements can be created.

On which level do you maintain the bank directory? Please choose the correct answer. Profit center. Bank area. Client. Company code.

Which of the following are default items assigned to every financial statement version? There are 3 correct answers to this question. Liquid funds. Profit and loss results. Noted items. Liabilities and equity. Assets.

Which of the following statements are valid for financial document number ranges? There are 3 correct answers to this question. Financial document number ranges defined at client level should NOT overlap. Financial document number ranges are defined at company code level. The same financial document number range can be assigned to several document types. All financial document number ranges can contain numbers and/or letters. Financial document number ranges must be defined for the year in which they are used.

What do you define for a tax code? There are 2 correct answers to this question. Tax percentage rates. Tax relevant accounts. Valid tax types. Fixed tax amount.

During the archiving procedure, if the application generates a specific log, it is used; otherwise, you need to manually create a log. Determine whether this statement is true or false. Please choose the correct answer. True. False.

Identify some of the checks for archiving G/L accounts (master data). There are 3 correct answers to this question. Has a deletion indicator been set?. Are there (still) transaction figures (for example, have they already been archived)?. Are there (still) documents?. Is the fiscal year closed?.

Which of the following parameters can be changed on a time-dependent basis? There are 3 correct answers to this question. Depreciation key. Useful life (year or period). Variable depreciation portion. Depreciation start date.

Where do you indicate that the useful life of the asset sub-number is identical to the useful life of the main asset? Please choose the correct answer. In the screen layout of the asset master record. In the asset master record of the main asset. In the screen layout of the depredation area. In the account determination of the asset class.

How does the system perform the normal reversal of a journal entry? Please choose the correct answer. It creates an inverse posting by increasing 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 resetting the transaction figures.

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? Please choose the correct answer. Segment. Functional Area. Business Area. Cost Center.

You are performing a system conversion for a customer that uses classic general ledger with the accounts approach. What must you configure in SAP S/4HANA for local and international accounting standards in order to migrate the account values? There are 3 correct answers to this question. Accounting principles. Valuation areas. Standard ledgers. Document types. Ledger groups.

What information is updated on the invoice when you post a complete payment? There are 2 correct answers to this question. Clearing document number. Clearing bank. Clearing reason code. Clearing date.

Your customer uses the ledger approach to multiple valuation. During conversion to SAP S/4HANA, which configurations will be required? There are 2 correct answers to this question. Define the document type for the accounting-principle-specific-documents. Convert accounts of parallel valuations to asset reconciliation accounts. Contigure delta depreciation areas to no longer post to the general ledger. Assign accounting principles to all real and derived depreciation areas.

What should you check if the balance of the GR/IR account is not zero at the purchase order item level on the balance sheet key date? There are 2 correct answers to this question. Check to see if the goods were invoiced by the key date, but have not yet been delivered. Check to see if the goods were ordered by the key date, but have not been received. Check to see if the goods were delivered by the key date, but have not yet been invoiced. Check to see if the goods were produced by the key date, but have not been invoiced.

Your customer operates 20 company codes in 10 different countries and three continents. What is the minimum number of clients you must configure in the SAP S/4HANA system to depict this scenario? Please choose the correct answer. 10. 20. 3. 1.

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? There are 3 correct answers to this question. Entry date. Document date. Goods receipt date. Posting date. Value date.

You indicate that you're posting to the ledger group of an extension ledger. How many ledgers are updated? Please choose the correct answer. It depends on the ledgers grouped in the ledger group. The leading ledger and the extension ledger. The extension ledger and the underlying ledger. Only the extension ledger.

Which of the following special G/L transactions are noted items? There are 2 correct answers to this question. Guarantee of payment. Bill of exchange payment request. Down payment. Down payment request.

Financial statement versions consist of a maximum of 10 hierarchy levels. Determine whether this statement is true or false. Please choose the correct answer. True. False.

What are the results when you post an outgoing partial payment? There are 2 correct answers to this question. The initial invoice remains open. The initial invoice is cleared. A payment is created with reference to the invoice. A payment block is set on the invoice.

For reporting purposes, your client would like to present information about customer postings that are NOT reflected in the G/L. Which special G/L type do you recommend? Please choose the correct answer. Statistical postings. Noted items. Bill of exchange. Free offsetting entrie.

You configured Asset Accounting for your company code with three depreciation areas that post in real time and corresponding depreciation areas to track group currency values. When you post an external acquisition, how many documents are created? Please choose the correct answer. 1. 3. 4. 6.

When adding a bank to the bank directory, which field is required? Please choose the correct answer. Opening date. Currency. Company code. Country.

Which fields of a financial accounting document influence the automatic payment program? There are 3 correct answers to this question. Payment type. Payment method. Payment term. Payment advice. Payment block.

What is the relationship between accounts of the operating chart of accounts and the local chart of accounts? Please choose the correct answer. Many operating accounts to one local account. One operating account to many local accounts. One operating account to one local account. Many operating accounts to many local accounts.

Which configuration can you use to define separate payment terms for the same terms of payment key? Please choose the correct answer. Installment payment. Day limit. Country. Company code.

What are some features of SAP HANA? There are 2 correct answers to this question. SAP HANA is built on a hierarchical data model architecture. SAP HANA is optimized to organize data using column stores. SAP HANA is optimized to work with aggregates and index tables. SAP HANA allows transactional and analytical processing off the same tables.

What are the reasons to perform regrouping of receivables and payables? There are 3 correct answers to this question. To simplify and speed up dunning selection processing. To group payables and receivables based on the due dates. To display receivables and payables separately. To align amounts on accounts with changed reconciliation accounts. To prioritize balance confirmation printing by postal code.

You have an invoice for transport expenses for your assets under construction. These expenses can be capitalized per IFRS but not in the local GAAP. What is the best way to handle this? Please choose the correct answer. Post the invoice to a clearing account and clear it per ledger group (capitalize for IFRS, expense for local GAAP). Post the invoice to assets under construction, and, after settlement, post a partial scrapping for the local depreciation area. Post the invoice twice: once as an expense to the local ledger group and once more to IFRS. Post the invoice to the assets under construction and manage settlement per depreciation area.

What does the document splitting do? Please choose the correct answer. It enriches all secondary cost element account lines with the defined splitting characteristics. It enriches all profit and loss account lines with the defined splitting characteristics. It enriches all relevant balance sheet account lines with the defined splitting characteristics. It enriches all revenue account lines with the defined splitting characteristics.

It is common for companies to receive invoices for the previous fiscal year at the beginning of the new fiscal year. Which dates must have the same fiscal year in the document entry? Please choose the correct answer. Posting date and entry date. Document date and posting date. Document date and asset value date. Posting date and asset value date.

What can you enter in the header section of the Post Outgoing Payments app? There are 3 correct answers to this question. Discount amount. Payment terms. Value date. Bank fees. Customer.

How many intervals are defined for the foreign currency valuation run ID per client? Please choose the correct answer. 0. 1. 2. 3.

Which activities can you perform with a recurring journal entry? There are 2 correct answers to this question. Create monthly postings on any date of a month. Determine the number of postings. Obtain an overview of related future postings. Set rules to distribute amounts to be posted.

For which of the following transactions can you use noted items? Please choose the correct answer. Late payment. Down payment request. Vendor payment. Customer payment.

Which information is part of the Bank Master Data? There are 2 correct answers to this question. Address details. Control data. Data Medium Exchange (DME) details. Information for electronic payment transactions.

Which edition of SAP S/4HANA introduced the universal journal? Please choose the correct answer. SAP S/4HANA 1511. SAP S/4HANA Cloud. SAP S/4HANA Finance 1503. SAP Business Suite powered by SAP HANA.

In addition to the local and global currency in the universal journal, how many freely defined currencies can you assign per company code and ledger. Please choose the correct answer. 3. 5. 8. 10.

Which functions allow you to temporarily save the entered data? There are 2 correct answers to this question. Parking function. Hold function. Save function. Insert function.

How can you post accruals? There are 3 correct answers to this question. Run the depreciation program. Use the recurring entry program. Execute the periodic accrual run. Post manually at the end of a period, quarter, or year. Reclassify the receivables and payables.

What types of data are maintained for a house bank? There are 2 correct answers to this question. Overdraft limit. General Ledger account. Data medium exchange (DME) details. payment signatories.

When you create multiple similar asset master records, which of the following fields allow you to make separate entries for each individual asset? There are 3 correct answers to this question. Description of the asset. License plate number. Inventory number. Cost center.

What is a reason for performing data archiving? Please choose the correct answer. To protect data from being lost. To back up data on a separate drive. To control hardware requirements. To have fewer downtime cycles.

Which is the first step in the procedure of making down payments in the customer area? Please choose the correct answer. Down payment request. Down payment received. Customer invoice. Clearing.

Which of the options are types of user fields? There are 2 correct answers to this question. Evaluation Group. Asset Super Number. Serial Number. Group Asset.

Your company code is assigned to two standard ledgers and one extension ledger. You post an invoice with one expense line item with a 10% VAT (sales) tax. How many line items are updated in the Universal Journal (table ACDOCA)? Please choose the correct answer. 6. 4. 2. 3.

Which of the following are SAP Fiori design principles? There are 2 correct answers to this question. Role-based. Routine. Rational. Responsive.

What are the three basic steps required to define a new company code? There are 3 correct answers to this question. Adjust global parameters. Copy existing controlling area. Adjust basic and address data. Define new segments. Copy existing company code.

Which types of stock is best suited to a moving average price (MAP) valuation? Please choose the correct answer. Third party. Raw materials. Work in process (WIP). Finished goods.

In a valuation method, which of the following is not a valuation approach for foreign currency valuation? Please choose the correct answer. Lowest value principle. Strict lowest value principle. Revalue only. High rate of interest principle.

Which of the following are valid settlement receivers when you perform settlement for an asset under construction on a line item basis? There are 2 correct answers to this question. Profit center. Cost center. Fixed asset. Functional area.

What can you assign in a depreciation area in SAP S/4HANA Finance asset accounting? Please choose the correct answer. A Clearing account. A Parallel ledger. A Ledger group. An accounting principle.

You are configuring accrual types for the accrual engine. For which postings is account determination required? There are 2 correct answers to this question. Opening and Closing Posting only. Opening Posting only. Periodic only. Closing Posting only.

What data is migrated during a system conversion? Please choose the correct answer. Only company codes flagged as productive with all years. All company codes for the years you specity. All company codes with all data of all years. Only company codes and years selected in the customizing for migration.

Which process is automated with purchase order accruals, compared to manual accruals with the accrual engine? Please choose the correct answer. Create opening posting. Breakdown accrual amount. Start accrual run. Create accrual object.

What account types can you use to classify general ledger accounts in SAP S/4HANA? There are 3 correct answers to this question. Secondary costs. Non-operating expense or income. Balance sheet. Reconciliation accounts. Field status group.

On what basis does the system determine the period for the asset retirement? Please choose the correct answer. Asset value date (asset retirement date). Net book value.

On what level can you assign a fiscal year variant to a company code? Please choose the correct answer. Valuation area. Accounting principle. Depreciation area. Ledger.

What is the main differentiating factor of posting a manual accrual document compared to other manual transactions? Please choose the correct answer. Reference field. Transaction type. Document type. Reversal reason.

Which of the following components make up an archiving object? There are 3 correct answers to this question. Data declaration part. Customizing settings. Programs. Variables.