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? Individual supplier accounts with special G/L indicator Adjustment G/L account for foreign currency Alternative reconciliation GIL account Supplier reconciliation GIL account .
Which fields of a financial accounting document influence the automatic payment program?
Note There are 3 correct answers to this question Payment method Payment transaction Terms of payment Baseline date Payment type.
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 Document currency Company code currency Controlling area currency Group currency .
What is the recommended organizational unit for cost of sales accounting? Functional area Controlling area Profit center Profitability Segment .
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 Prerequisite statement Check statement Callup point Substitution values .
What are the characteristics of a company in SAP S/4HANA? Note There are 2 correct
answers to this question It represents separate areas of operation within an organization. It is responsible for costs and revenues within an organization. It is considered for consolidation. It can be assigned to a company code.
Which of the following statements are valid for financial document number ranges? Note
There are 3 correct answers to this question Financial document number ranges are defined at company code level. Financial document number ranges defined at client level should NOT overlap. 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. The same financial document number range can be assigned to several document types. .
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 into SAP Cloud Platform. You want to deploy SAP S/4HANA Cloud. You want to use document splitting for the General Ledger. You want to clean up your system and use SAP Best Practices.
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 .
You are a group cash manager interested in the North American business market What are
the personalization options available to you in SAP Fiori? Note. There are 2 correct answers
to this question 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 create a tile group with all the apps required for your daily business for easy
access. You can adapt the launchpad color theme according to predefined values for the cash
report.
You post a purchase order. For which expenses does the system calculate accruals? Note.
There are 2 correct answers to this question Consulting services Insurance premiums Fixed Asset purchases Raw material purchases .
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
of the automatic payment program? Note. There are 2 correct answers to this question Paying company codes Bank determination Payment blocks Payment terms .
Which parameter indicates that a line item can only be dunned with restrictions? Grouping key Dunning key Dunning block reason Dunning area .
A general ledger account has a foreign currency setting of CAD. The company code currency
is USO. The controlling area currency is EUR. Which currencies can you post to this account? You can only post to the account in CAD, USO, and EUR. You can only post to the account in CAD and USO. You can post to the account in any currency and it will be converted into CAD. You can only post to the account in CAD .
You want to edit a dunning proposal. Which actions can you perform? Note. There are 3
correct answers to this question Block an account. Block a line item. Change a document. Lower the dunning level of an item. Raise the dunning level of an account.
To use the SAP Financial Closing cockpit, which steps are required? Note There are 3 correct
answers to this question Release the task list. Create task groups. Create a template. Define the person responsible for tasks. Define task dependencies.
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 balance carry-forward to the new fiscal year must have taken place. 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.
What are some features of SAP HANA? Note There are 2 correct answers to this question SAP HANA allows transactional and analytical processing from the same tables. SAP HANA is optimized to work with aggregates and index tables. SAP HANA is optimized to organize data using column stores. SAP HANA is built on a hierarchical data model architecture.
At what level is the bank master data stored in SAP S/4HANA? At the company code level At the client level At the system level At the financial management (FM) area level .
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 can use internal or external number assignment. You must use external number assignment. You must use internal number assignment You can use internal or external number assignment, but it has to be continuous .
Which documents are needed to complete the 3-way match in procurement transactions?
Note There are 3 correct answers to this question Purchase requisition Goods receipt Down payment request Purchase order Invoice receipt .
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 control key General ledger account Payment method Company code Bank master data
.
What do you need to do to configure a new exchange rate type in SAP S/4HANA? Note
There are 2 correct answers to this question Specify a purpose for the exchange rate type. Maintain exchange rates daily. Set up the relationship between currencies using translation ratios. Specify the company code currency as the base currency.
Whal dunning-related data do you maintain on the business partner master record? Note
There are 2 correct answers to this question (3-Dunning procedure) Dunning block Dunning interval Dunning area Dunning key .
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 Account key Condition type Sequence of steps Tax code Tax category.
What does the document splitting functionality do? It enables the automatic creation of an additional posting document in case the original
document contains more than 999 line items. 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. It enriches all customer and vendor line items with the defined splitting characteristics in
the relevant subledgers.
How does the system determine the correspondence type of a payment notice? 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 According to the reason code, as long as all the reason codes carry the same
correspondence type According to the tolerance group. as long as all the reason codes carry the same
correspondence type .
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 Posting date Entry date Document date Goods receipt date Value date.
You forgot 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 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 included in the calculation. The balance of the new account is added to the non-assigned section and is included in
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.
Which field can you change on a posted invoice? Tax code Special G/L indicator Statistical internal order Baseline date.
Which parameters can you specify directly when you create a new correspondence type?
Note There are 3 correct answers to this question Number of date fields required Document number required Account required Reason code required Company code required .
For which account can you perform account clearing in SAP S/4HANA? For any balance sheet account managed on a line hem basis For any account that Is assigned to a financial statement version For any G/L account defined as reconciliation account For any account that is managed on an open hem basis .
Which business partner characteristic is mapped to the customer and supplier account
groups? Business partner account group Business partner grouping Business partner role Business partner type .
What do you define when configuring asset classes? Note There are 3 correct answers to
this question Transaction types Number ranges Screen layout rules Account determination Posting keys .
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 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. 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.
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 Document currency Hard currency Custom currency type 21 .
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 the inverse posting of a cleared document before resetting it. It creates an inverse posting by decreasing the transaction figures. .
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 Define maximum amounts to be paid per supplier. Review the payment proposal exception list. Rank bank accounts for payment Maintain open item selection parameters.
Which statements best describe extension ledgers in SAP S/4HANA? Note There are 2
correct answers to this question Multiple extension ledgers can point to the same underlying ledger. Extension ledgers can be assigned their own posting period variant. Extension ledgers can be assigned their own fiscal year variant. Extension ledgers can have different currencies than the underlying ledger.
In your SAP S/4HANA system, you report financial values for three 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 1 3.
How does SAP S/4HANA support the treatment of taxes? Note There are 3 correct answers
to this question It checks the tax codes and automatically updates the tax rates based on changes by the
tax authorities. It checks the tax amount entered and automatically calculates the tax. It performs tax adjustments for cash discounts and other forms of deductions. It posts the tax amount to tax accounts It adjusts the tax codes and automatically updates the procedure.
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 is possible to post credit memos, even after assets under construction are fully
capitalized It is possible to post special lax depreciation and investment support for assets under
construction. It is impossible to use assets under construction with Investment Management It is impossible to use assets under construction with Investment Management.
What can you control with the reason code in Accounts Receivable? Note There are 3 correct
answers to this question The special Gil indicator for the down payment The document type of the payment The type of payment notice sent to a customer The account where a residual item is posted The exclusion of disputed residual Items from credit limit checks.
What is the purpose of period interval 3 when you define open and closed periods? Posting to special periods Posting to the extension ledger Posting to special purpose ledger Posting from CO to Fl.
You want to define a validation for the combination of general ledger account and cost center.
For which call-up point do you define this validation? Document line Complete document Document header Cost of sales accounting.
After you collect data in the intercompany Reconciliation tool, what are the next steps of the
reconciliation process? 1. Post the correction documents.
2. Store the data.
3. Present reconciled and non-reconciled data.
4. Communicate differences. 1. Store the data.
2. Present reconciled and non-reconciled data
3. Communicate differences.
4. Post the correction documents. 1. Present reconciled and non-reconciled data.
2. Post the correction documents.
3. Store the data.
4. Communicate differences.
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/4HANA? Note There are 2 correct answers to this question Define asset https://en.daypo.com/images/document.pngclasses and maintain their attributes. Define a depredation area to transfer all the legacy data. Configure depreciation keys and calculation keys. Define depreciation areas for each category of legacy asset.
How can you perform transfers of assets between company codes with different charts of
depreciation? 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. Configure the cross-company depreciation areas in Customizing. .
In customizing, at which levels can you assign the print program to the correspondence type?
Note There are 2 correct answers to this question At client level At company code level Al system level At business partner level.
You are responsible for configuring document splitting. What are some of the key settings?
Note. There are 2 correct answers to this question Document number range Document type Business transaction variant Field status variant.
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 has an automatic statistical offsetting entry. It can be accessed by the payment program. It can be used to remind the user about due payments.
Which date is used to determine the depreciation start date? Baseline date Document date Asset value date Posting date .
What is the difference between the ledger approach and the accounts approach to parallel
valuation in Asset Accounting? In the ledger approach, you assign a ledger group to every depreciation area, unlike the
accounts 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 define a technical clearing account for integrated asset
acquisitions. unlike the ledger approach. In the ledger approach, you maintain additional depreciation areas to post the delta
valuation of each accounting principle, unlike the accounts approach. .
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 or a G/L
account? Note. There are 3 correct answers to this question Set the deletion flag in the chart of accounts data of the G/L account There are no transaction figures for the 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 Transaction figures are older than a customizable amount of years .
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 a ledger group is assigned to each accounting principle. Ensure all depreciation areas always post to the general ledger.
For which special G/L indicator do you specify a target special GIL indicator? Guarantee given Vendor down payment request Customer down payment Bill of exchange.
Which closing activities are performed for external reporting as per SAP best practices? Note
There are 2 correct answers to this question Update product cost estimates with standard prices. Run plan assessment cycles for profit centers. Regroup receivables and payables on the balance sheet. Perform valuations of open items in foreign currency .
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
an SD sales order. 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 Fl noted item, which automatically generates
an SD billing document. .
Which of the following is a technical year-end closing activity in SAP S/4HANA? Balance sheet adjustments must be posted Accruals must be posted. Foreign currency valuation must be posted. Ledger balances must be carried forward. .
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 Profit center Cost center Fixed asset Functional area.
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 anow negative postings. The reversal reason must be configured to allow negative postings. The posting key must allow negative postings. The company code must allow negative postings.
Besides using the profit center, which options does General Ledger Accounting with
document splitting provide to assign a segment to the posting line? Note There are 2 correct
answers to this question Assignment of default segments to GIL accounts BAdl implementation (FAGL_DERIVE_SEGMENT) Standard account assignment using constants Definition of validation rules .
When is it possible to set the open item management indicator in a general ledger account?
Note There are 2 correct answers to this question When an account has a zero balance When an account is set up as a balance sheet account When an account is set up as a secondary cost element When an account is set up as a reconciliation account.
What items are NOT cleared by the automatic clearing program? Note There are 3 correct
answers to this question Statistical postings Items with withholding tax Noted items Items with sales and use tax Items with value-added tax .
Which steps are required to create a substitution in Financial Accounting? Note There are 3
correct answers to this question Select activation level 2. Select the correct call-up point Specify an authorization group. Assign the substitution rule to the controlling area Define the substitution rule with its different steps using the formula editor.
On which levels can you maintain field status controls for business partners (BP)? Note There
are 2 correct answers to this question BP role BP type BP category Company code.
Whal is shared between all deployment options for SAP S/4HANA (Cloud, On-Premise)?
Note There are 3 correct answers to this question Data model Code line User experience Upgrade Intervals Configuration scope .
Which of the following should you consider when defining asset number ranges? Note There
are 2 correct answers to this question Each asset number range must be assigned to a unique asset class. Asset number ranges are defined at chart of depreciation level. Asset number ranges are defined for asset classes and are company code specific. Each asset class can have either an Internal or external number range.
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,
independently from segments being maintained or not. It is the only object that can be uniformly derived using segments. 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 from which segments can be uniformly derived.
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 does not post Area posts APC immediately, depreciation periodically Area posts in real time Area posts depreciation only.
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 Asset master data is complete and without errors. Depreciation is posted in full for all assets Posting periods are closed for asset GIL accounts The fixed asset fiscal year change is complete.
What does the document type control? Note There are 2 correct answers to this question Whether negative postings are permitted Which account types are allowed for postings Whether text is required on line-item level Which posting keys are allowed for postings .
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 The posting period variant must be created and assigned. Line-item text templates must be maintained. Number range and document types must be maintained. Users must be assigned to a tolerance group.
What do you define when configuring asset classes? Note There are 3 correct answers to this
question Number ranges Transaction types Screen layout rules Account determination Posting keys.
Which elements define the integration of asset acquisitions with the general ledger? Note
There are 2 correct answers to this question Depreciation keys Depreciation area Asset class Valuation area .
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? Consolidation unit Business area Company Company code .
What are the maintenance levels of a screen layout rule for asset master data? Note There
are 3 correct answers to this question Group asset Asset class Main asset number Asset subnumber Depreciation area .
How do you identify an asset master record as an asset under construction? The ordinary depreciation start date is empty. The asset capitalization date is empty. The depreciation key is empty. The asset belongs to a specific asset class. .
What are some of the benefits of the data handling in SAP S/4HANA? Note There are 2
correct answers to this question The data is available in real time at line-Item detail The data is summarized into higher levels of aggregates to help system performance. The data is aggregated on the fly from any fine Item table. The data Is constantly auto archived to optimize memory usage.
What are the features of the Accrual Engine in SAP S/4HANA? Note There are 2 correct
answers to this question All accrual calculations must be reviewed and approved before posting. Accrual postings with a maximum of two-line items are supported. All currencies of the general ledger are supported. The fiscal year variant of the general ledger is supported.
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