Financial Accounting

What can you achieve with the legacy data transfer in Asset Accounting via transaction AS91?. Setting the company code status for legacy data transfer. Posting the summary write off in G/L. Creation of master data. Posting of take over values.

Your system uses parallel currencies. What is the posting indicator of the depreciation area for the parallel currency?. Does not post to G/L. Posts to G/L in real time. Posts to G/L periodically. Posts APC real time and depreciation periodically.

Which of the following objects is only a statistical account assignment for cost postings to an asset?. WBS element. Cost center. Internal order. Profit center.

You have activated the WBS Element (not related to Investment Management) as an account assignment for asset accounting “balance sheet" and "identical" active. What are the consequences? Note: There are 2 correct answe-rs to this que-stion. The WBS Element is available for input in the asset master record. The WBS Element cannot be used anymore for settlement. The WBS Element can no longer be changed in the asset master record once the asset is capitalized. The WBS Element from the asset master data can be changed during planned depreciation posting.

You perform the depreciation run for your assets. For a specific asset, you would like to post the depreciation specified in the asset master data. How do you achieve this?. By changing the corresponding error into a warning via configuration. By removing the cost center from the asset master data. By creating a substitution in Financial Accounting line items. By setting the “identical” parameter as not activated in the account assignment configuration.

You run the balance carry forward for your company code. When looking at the log you see there is an error with regards to Asset Accounting. What is the cause of the error?. You have not run the settlement for your assets under construction. You have incomplete asset master records. You have not closed the previous fiscal year. You have not posted depreciation completely.

You want to post depreciation costs of one asset to two cost centers. How do you do this?. You assign a real internal order in the asset master data which you settle periodically to two cost centers. You assign two real cost centers in the asset master data. You assign a real cost center and a statistical cost center in the asset master data. You assign a statistical order in the asset master data which you settle periodically to two cost centers.

You post a vendor invoice for asset acquisition without reference to a purchase order. Which accounting documents are generated?. One document per accounting principle & one document for all accounting principles. Separate documents for each and every accounting principle. One document for all accounting principles. One document per accounting principle.

You post an unplanned depreciation to an asset. What is the effect on FI-AA and FI-GL?. Posting is done in FI-AA in real time and in FI-GL once the periodic posting program has run. Posting is done in FI-AA and in FI-GL online and in real time. Posting is done in FI-AA in real time and in FI-GL once the depreciation posting program has run. Posting is not done in FI-AA and in FI-GL until the depreciation posting program has run.

What are characteristics of depreciation area 01? Note: There are 2 correct answers to this question. It must always post in real time. It must be linked to leading ledger OL. It must be defined as a cost accounting valuation area type. It cannot take over values from other areas.

On which levels do you define FI-AA account determination? Note: There are 2 correct answers to this question. Chart of accounts. Client. Company code. Chart of depreciation.

What are the consequences of the activation of segment reporting in Asset Accounting? Note: There are 2 correct answers to this question. The segment is automatically updated in existing asset master data. The segment appears in the screen layout for asset master data. The segment appears in the additional account assignment configuration. The segment activation can be reversed.

On which levels can you define the technical clearing account for Integrated Asset Acquisition in Customizing?. Depreciation area. Account determination. Chart of Accounts. Asset Class.

In which scenarios is the technical clearing account posted? Note: There are 2 correct answers to this question. Valuated goods receipt on a purchase order with an asset as account assignment. Asset transfer posting between asset classes. Direct asset acquisition posting with a vendor invoice (not linked to a purchase order). Settlement of an investment order to an asset under construction.

You define the technical clearing account for Integrated Asset Acquisition in Customizing. Which prerequisites must be met? Note: There are 2 correct answers to this question. The account is a balance sheet account. The account is defined as a reconciliation account for fixed assets. The account is defined as open item managed. The account is defined in the account determination for each asset class.

Which fields are maintained on the chart of accounts level of a G/L account? Note: There are 3 correct answers to this question. Account group. Short text. Alternative account number. Field status group. Group account number.

You notice that in the entry view of a document you have fewer items than in the general ledger view. What is the reason for this?. An extension ledger has been configured. The sales tax is posted in details in the general ledger view. The sub-ledger accounts are shown in details in the general ledger view. Document splitting has been activated.

Where do you assign the group chart of accounts?. Company code. General ledger account. Company. Operating chart of accounts.

You are posting a general journal entry for your company code. After posting the entry, you notice the document number is in the wrong number. After reversing the document, what do you need to change when reposting the document?. Assignment. Document type. Document number. Posting key.

When defining a new standard ledger, which action must you take to manually post a general journal entry to it?. Assign the ledger to a company code. Assign a chart of accounts to the ledger. Define the underlying ledger. Include the ledger in a ledger group.

You try to create a G/L account but you get an error because the account number is not in the accepted range.Which object do you need to customize to extend the number range?. Tolerance group. Account group. Chart of accounts. Account type.

You want to post a reversal for a document posted in a closed posting period. Which object do you configure to allow you to enter the reversal with a date different from the original document?. Document type. Reversal method. Reversal reason. Company code.

You are trying to extend a G/L account to a new company code but are getting an error for incomplete data. All customizable in the field status. Which fields must you always maintain when extending a G/L account? Note: There are 2 correct answers to this question. Account currency. Field status group. Sort key. Account number.

You try to assign an alternative account to a G/L account but receive an error message. What can be the reason?. You have not assigned the alternative chart of accounts to your company. The alternative account is already assigned to another G/L account for the company code. The alternative account has not been created for the company code. You have not assigned the alternative chart of accounts to your operational chart of accounts.

On which level do you maintain the currency translation ratio between two currencies?. Exchange rate type. Document type. Valuation type. Currency type.

What is the prerequisite for a G/L account to switch off open item management for it?. It has been blocked against postings. It has not been posted to. It has no open items. It has a zero balance.

From which G/L account types are values shown in the profit and loss (P&L) statement? Note: There are 3 correct answers to this question. Balance Sheet Account. Secondary Costs. Non-operating Expense or Income. Primary cost or Revenue. Cash account.

Where do you assign the currency type?. Company. Accounting principle. Ledger. Valuation area.

You want to prepare a consolidated financial report for your corporate group consisting of 15 legal entities. You have 10 company codes defined in your SAP S/4HANA system in a single client. The others use separate legacy systems. How many companies should you define in your SAP S/4HANA system to accommodate the consolidation scenario?. 1. 5. 15. 10.

What separates the leading ledger from other parallel standard ledgers?. It is used for performing segment reporting. It doesn't derive values from other ledgers. It is used to represent the group valuation. It is assigned to all company codes.

What does the fiscal year variant define? Note: There are 2 correct answers to this question. The start and end date of posting periods. The authorization to post to special periods. The number of posting periods. The posting periods open for posting.

Which items are taken into account during foreign currency valuation? Note: There are 2 correct answers to this question. Balance valuation on items for balance sheet accounts not defined as open item management. Line item valuation for balance sheet accounts not defined as reconciliation account. Balance valuation on items for balance sheet accounts defined with ledger group specific open item management. Line item valuation for balance sheet accounts defined as open item management.

As a pre-closing activity, selected suppliers are to confirm their balances. Which confirmation procedure do you use when a response is expected only in case of discrepancies?. Balance confirmation. Account statement. Balance request. Balance notification.

Your organization has heard about SAP Intercompany Matching and Reconciliation (ICMR) and is wondering whether it could address their needs. For which purposes can ICMR be useful? Note: There are 2 correct answers to this question. To trigger elimination of intercompany revenues & costs based on rules configured. To generate automatic elimination of intercompany AR/AP balances. To generate automatic posting to correct intercompany discrepancy. To highlight and solve intercompany data discrepancy triggering a workflow.

You notice that the GR/IR account does not have a zero balance. What could be the cause? Note: There are 2 correct answers to this question. A purchase order has a goods receipt and an invoice receipt with the same quantity but with different values. A purchase order has a goods receipt and an invoice receipt with the same quantity and values. A purchase order has a partial invoice receipt but not yet a goods receipt. A purchase order has a partial goods receipt for which we have not yet received an invoice.

You run a financial statement report and notice the net profit calculated is different than what youexpect. What could cause the issue? Note: There are 2 correct answers to this question. You selected account group assignment by balance for an account and it is displayed as a liability. You have accounts that you have not assigned in the financial statement version. You have added an account to the liabilities node that belongs to the financial statement notes. You have added an account to the wrong node and it is included in the assets section.

Where can you see the matching results from the Intercompany Matching and Reconciliation tool?. In the Consolidation Journal table (ACDOCU). In an application specific table (ICADOCM). In the Accounting Document Segment table (BSEG). In the Universal Journal table (ACDOCA).

Which physical inventory methods are available in SAP S/4HANA? Note: There are 3 correct answers to this question. Actual inventory method. Periodic inventory method. Cycle counting method. Standard inventory method. Continuous inventory method.

What is the role of the valuation method in the foreign currency valuation? Note: There are 3 correct answers to this que-stion. Determine the exchange rate type. Define the document type for the valuation posting. Determine the G/L accounts for the valuation posting. Define the posting and reversal date for the valuation posting. Define the valuation procedure.

On what level can you restrict postings using the posting period variant? Note: There are 2 correct answers to this question. Fixed asset number. G/L account. Customer reconciliation account. Supplier account.