What dunning-related data do you maintain on the business partner master record? Dunning area Dunning block Dunning procedure Dunning key Dunning interval.
In customizing, at which levels can you assign the print program to the correspondence type? At company code level At business partner level At client level At system level.
Which parameters can you specify directly when you create a new correspondence type? Company code required Reason code required Number of date fields required Document number required Account required.
What is the purpose of period interval 3 when you define open and closed periods? Posting to special periods Posting to special periods Posting to special purpose ledger Posting from CO to FI.
You are running an international business and you want to separate legal entities to run operations and platform accounting activities. Which organizational unit do you need to create for each legal entity? Business Area Company Code Consolidation Unit Company.
What you can control with the reason code in Accounts Receivable? The document type of the payment The account where a residual item is posted The special G/L indicador for the down payment The excluding of disputed residual items from credit limit checks The type of payment notice sent to customer.
You want to create substitution in Financial Accounting. Which parts do you have to define for each step of the substitution? Callup point Check statement Prerequisite statement Substitution values.
What is the difference between the ledger approach and the accounts approach to parallel calculation in Asset Accounting? In the accounts approach, you define a technical clearing account for integrated asset acquisitions, unlike the ledger approach In the ledger approach, you assign a ledger group to every depreciation area, unlike the account approach In the accounts approach, you assign a separate set of accounts for each accounting principle, unlike the ledger approach In the accounts approach, you maintain additional depreciation areas to post the delta valuation of each accounting principle, unlike the accounts approach.
Which business partner characteristic is mapped to the customer and supplier account groups? Business partner grouping Business partner account group Business partner type Business partner role.
Which documents are need to complete the 3-way match in procurement transactions? Purchase Order Down payment request Purchase Requisition Goods Receipt Invoice Receipt.
On which levels can you maintain field status controls for business partners (BP)? Company code BP Type BP Category BP Role.
What are the characteristics of a company in SAP S/4 HANA? It is responsible for costs and revenues within an organization It is considered for consolidation It can be assigned to a company code It represents separate areas of operation within an organization.
Which of the following are valid settlement receivers when you perform settlement for an asset under construction on a line item basis? Cost center Profit center Fixed asset Functional area.
You are responsible for implementing Asset Accounting.
You are provided with legacy data of various assets and their grouping information based on classifications, useful life, and depreciation terms. Define asset classes and maintain their attributes Define depreciation areas for each category of legacy asset Configure depreciation keys and calculation keys Define a depreciation area to transfer all the legacy data.
How do you configure depreciation areas in SAP S/4 HANA? Ensure a ledger group is assigned to each accounting principle Ensure all depreciation areas always post to the general ledger Assign each accounting principle to a depreciation area Assign depreciation area 01 to the leading ledger.
Which date is used to determine the depreciation start date? Asset value date Document date Posting date Baseline date.
What items are not cleared by the automatic clearing program? Items with value-added tax Items with withholding tax Noted items Statistical postings Items with sales and use tax.
What are some of the benefits of the data handing in SAP S/4 HANA? The data is aggregated on the fly from any line item table The data is summarized into higher levels of aggregated to help system performance The data is available in real time at line item detail The data is constantly auto archived to optimize memory usage.
To use the SAP Financial Closing cockpit, with steps are required? Create task groups Create a template Define the person responsible for tasks Release the task list Define task dependencies.
You want to edit a dunning proposal. Which actions can you perform to edit a dunning proposal? Block a line item Lower the dunning level of an item Raise the dunning level of an account Change a document Block an account.
What is the recommended organization unit for cost of sales accounting? Profitability Segment Profit Center Functional Area Controlling Area.
Which of the following statements best describe a noted item? It has an automatic statistical offsetting entry It can be used to remind the user about due payments It updates the sub ledger and the general ledger It can be accessed by the payment program.
You define custom currency type Z1 for your company code.
Which currency types must be stored in the Data Entry view? Document currency Custom currency type Z1 Company code currency Hard Currency.
At what level is the bank master data stores in SAP S/4 HANA? At the financial management (FM) area level At the system level At the client level At the company code level.
Which prerequisites must be fulfilled to allow for negative posting of journal entry? The posting key must allow negative postings The reversal reason must be configured to allow negative postings The reversal account must be configured to allow negative postings The company code must allow negative postings.
Which of the following should you consider when defining asset number ranges? Each asset class can have either an internal or external number range Asset number range are defined for asset classes and are company code specific Asset number range are defined at chart of depreciation level Each asset number range must be assigned to a unique asset class.
Which of the following steps do you typically perform during a payment run with the automatic payment program? Review the payment proposal exception list Maintain open item selection parameters Define maximum amounts to be paid per supplier Rank bank accounts for payment.
How can you perform transfers of asset between company codes with different chart of depreciation? Configure the cross-company depreciation areas in customizing Ensure the same depreciation areas are used in all charts of depreciation Enter depreciation area mapping during intercompany transfer posting Define a global transfer variant and assign all the depreciation areas to it.
What are key reasons for preferring a new implementation of SAP S/4HANA rather than a system conversion from SAP ERP? You want to integrate the system into SAP Cloud Platform You want to clean up your system and use SAP Best Practices You want to deploy SAP S/4 HANA Cloud You want to use document splitting for the General Ledger.
Which statements best describe extension ledger in SAP S/4HANA? Extension ledgers can have different currencies than the underlying Extension ledger 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 want to post journal entries in a special period. Which conditions must be met? The balance carry-forward to the new fiscal year must have taken control You must enter a posting date in the last posting period The special period must be open for posting in the period control The last posting period must be open for posting in the period control.
Besides using the profit center, which options does General Ledger Accounting with document splitting provide to assign a segment to the posting line? Standard account assignment using constants Badi Implementation (FAGL_DERIVE_SEGMENT) Definition of validation rules Assignment of default segments to G/L accounts.
A general ledger account has a foreign currency setting of CAD.
The company code currency is USD. The controlly area currency is EUR.
Which currencies can you post to this account? You can only post to the account in CAD and USD You can only post to the account in CAD, USD and EUR You can only post to the account in CAD You can post to the account in any currency and it will be converted into CAD.
You need to post customer invoices via interface from 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 must use internal number assignment You can use internal or external number assignment, but is has to be continuous You can use internal or external number assignment.
You have been asked to set up house bank as part of the implementation.
What information do you need? Bank control key Payment method General ledger account Bank master data Company code.
Which parameter indicates that a line item can only be dunned with restrictions? Dunning area Dunning key Dunning block reason Group key.
You are responsible for configuring document splitting.
What are some of the key settings? Document type Field status variant Business transaction variant Document number range.
For which account can you perform account clearing in SAP S/4 HANA? For any account that is assigned to a financial statement version For any balance sheet account managed on a line item basis For any G/L account defined as reconciliation account For any account that is managed on an open item basis.
What are some features of SAP HANA? SAP HANA is optimized to work with aggregates and index tables SAP HANA allow transactional and analytical processing from the same tables SAP HANA is optimized to organize data using column stores SAP HANA is built on a hierarchical data model architecture.
Integration You assign currency type 40 to your company code in ledger 0L.
Which source currency types can you select? Document currency Controlling area Group currency Company code currency.
In your SAP S/4 HANA system, you report financial values for three separate accounting principles.
You post an acquisition for an asset that is capitalize in single accounting principle.
If you use the application to post integrated asset accquisitions, how many documents will the system post? 1 2 3 4.
When is it possible to set the open item management indicator in a general ledger 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 reconciliation account When an account is set up as balance sheet account.
You want to configure the tax calculation procedures. What are the main elements you need to define? Condition type Sequence of steps Tax category Account key Tax code.
What are the maintenance levels of a screen layout rule for asset master data? Asset class Asset subnumber Depreciation area Group asset Main asset number.
Which of the following statements are valid for financial document number ranges? 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 Financial document number ranges defined at client level should NOT overlap.
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 account, which field is mandatory by standard procedures? Profitability segment Segment Functional Area Business Area.
What do you need to do to configure a new exchange rate type in SAP S/4HANA? Set up the relationship between currencies using translation ratios Specify a purpose for the exchange rate type Specify the company code currency as the base currency Maintain exchange rates daily.
For which special G/L indicator do you specify a target special G/L indicator? Bill of exchange Customer down payment Vendor down payment request Guarantee given.
How does the system determine the correspondence type of a payment notice? According to the tolerance group, as long as all the reason code carry the same correspondence type According to the reason code, as long as all the reason code carry the same correspondence type According to the reason code, as long as all the tolerance groups carry the same correspondence type According to the tolerance group, as long as all the tolerance groups carry the same correspondence type.
Which elements define the integration of asset acquisitions with the general ledger? Asset class Depreciation area Valuation area Depreciation keys.
What do you define when configuring asset classes? Screen layout rules Account determination Number ranges Posting keys Transaction types.
After you collected data in the lntercompany Reconciliation tool, what are the next steps of the reconciliation process? 1. Present reconciled and non-reconciled data
2. Post the correction documents
3. Store the data
4. Communicate difference 1. Store the data
2. Present reconciled and non-reconciled data
3. Post the correction documents
4. Communicate difference 1. Store the data
2. Present reconciled and non-reconciled data
3. Communicate difference
4. Post the correction documents 1. Post the correction documents
2. Store the data
3. Present reconciled and non-reconciled data
4. Communicate difference.
You are asked to explain how assets under construction work in SAP S/4HANA.
What should you highlight? It is possible to calculate and post depreciation in the balance sheet depreciation area for assets under construction It is possible to post credit memos, even after assets under construction are fully capitalized It is possible to post special tax depreciation and investment support for assets under construction It is impossible to use assets under construction with investment management.
You forget to add a new general ledger account to the financial 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 excluded from the calculation 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 non-assigned section and is included in the calculation.
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? Line item text templates must be maintained Number range and document types must be maintained The posting period variant must be created and assigned User must be assigned to a tolerance group.
How does SAP S/4HANA support the treatment if taxes? It posts the tax amount to tax accounts It checks the tax amount entered and automatically calculates the tax It checks the tax codes and automatically updates the tax rates based on changes by the authorities It adjusts the tax codes and automatically updated the procedure It perform tax adjustments for cash discounts and other forms of deductions.
What is shared between all deployment options for SAP S/4HANA (Cloud, On-Premise)? User experience Data Model Upgrade Intervals Code line Configuration Scope.
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? Value date Document date Entry date Goods receipt date Posting date.
In your SAP S/4HANA system, you want to archive the G/L account that are not used by the business in any company code.
What are prerequisities to archiving all data of a G/L account? Set the deletion flag in the company code data of the G/L account The blocked for posting indicator is set for the G/L account There are no transaction figures for the account Transaction figured are older than a customizable amount of years Set the deletion flag in the chart of accounts data of the G/L account.
Which of the following is a technical year-end closing activity is SAP S/4AHANA? Balance sheet adjustments must be posted Ledger valances must be carried forward Accruals must be posted Foreign currency valuation must be posted.
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? Depreciation is posted in full for all assets Posting periods are closed for asset G/L accounts The fixed asset fiscal year change is complete Asset master data is complete and without errors.
Which steps are required to create a substitution in Financial Accounting? Specify an authorization group Select activation level 2 Define the substitution rule with its different steps using the formula editor Select the correct call-up point Assgin the substitution rule to the controlling area.
What are the features of the Accrual Engine in SAP S/4AHANA? 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 perform foreign currency valuation for open items of your supplier accounts.
The valuations will be used only for period end reporting and should the be reversed.
What account does the system use to post valuation differences? Adjustment G/L account for foreign currency Individual supplier accounts with special G/L indicator Alternative reconciliation G/L account Supplier reconciliation G/L account.
Which statements best describe a profit center? It is an object for which separate balance sheet and P&L statements can be created only when used in conjunction with segment 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, independently from segments being maintain or not It is the only object that can be uniformly derived using segments.
You want to define a validation for the combination of general ledger account and cost center.
For Which call-up post do you define this validation? Document line Cost of sales accounting Document header Complete document.
What does the document type control? Which posting keys are allowed for postings Whether text is required on line item level Whether negative postings are permitted Which account types are allowed for postings.
What is the order of configuration within SAP Financial Closing Cockpit? Define dependencies, create template, create tasks, create task list, release task list Create template, create task list, create tasks, define dependencies, release task list Create template, create tasks, define dependencies, create task list, release task list Create task list, release task list, define dependencies, create template, create tasks.
Which field can you change on a posted invoice? Special G/L indicator Baseline date Statistical internal order Tax Code.
You post a purchase order for which expenses does the system calculate accruals? Consulting services Insurance premiums Raw material purchases Fixed asset purchases.
You are creating an asset master record by copying another asset, and you notice that the inventory number is copied over.
While setting do you make on the screen layout maintenance page to ensure the inventory number is not copies over when you create new asset master by copy? Remove the subnumber Remove the reference indicator Remove the main asset indicator Remove the asset class inidicator.
How does the system perform the normal reversal of a journal entry? It creates the inverse posting of a cleared document before resetting it It creates an inverse posting by resetting the transaction figures It creates an inverse posting by increasing the transaction figures It creates an inverse posting by decreasing the transaction figures.
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 billing document, which is automatically posted in Fl as a noted item. A down payment request is created as an Fl noted item, which automatically generates as an SD sales order. A down payment request is created as an Fl noted item, which automatically generates as an SD billing document. A down payment request is created as an SD sales order, which is automatically posted in FI as a noted item.
Which fields of a financial accounting document influence the automatic payment program? Payment method Baseline date Terms of payment Payment transaction Payment type.
You are a group cash manager interested in the North American business market. What are the personalization options available to you in SAP Fiori? You can create a tile group with all the apps required for you daily business for easy access. You can create a tile to take you directly to the cash position of the North American business market. You can manage user access to relevant apps for the North American Accounts payable group that reports to you. You can adapt the launchpad color theme according to predefined values for the cash report.
In your system, you currently perform manual outgoing payments and you want to use the automatic payment program.
Which settings must you maintain as part of the configuration program? Paying company code Bank determination Payment blocks Payment terms.
What does the document splitting functionality do? It enables the automatic create of additional posting documents for each defined splitting characteristic It enriches all relevant balance sheet account lines with the defined splitting characteristics It enriches all customer and vendor line items with the defined splitting characteristics in the relevant subledgers It enables the automatic creation of an additional posting document in case the original document contains more than 999 line items.
Which closing activities are performed for external reporting as per SAP best practices? Perform valuations of open items in foreign currency Run pla assessment cycles for profit centers Regroup receivables and payables on the balance sheet Update product cost estimates with standard prices.
You must run the foreign currency valuation for both US GAAP and IFRS, which leads to different value for the 2 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 method. Define two valuation area and two accounting principles with relevate links to ledgers. Define two valuation methods and assign the accounting principles to the new valuation methods Define two valuation area and two extention ledgers with relevant links to accounting principles.
How do you identify an asset master record as an asset under construction? The depreciation key is empty The asset belongs to a specific asset class The ordinary depreciation start date is empty The Asset capitalization date is empty.
What dunning-related data do you maintain on the business partner master record? Dunning area Dunning block Dunning procedure Dunning interval Dunning Key.
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