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Title of test:
Ignite test SAP

Description:
Ignite test SAP

Author:
August
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Creation Date:
15/11/2021

Category:
Others

Number of questions: 282
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Content:
In Asset Accounting, which object do you use to handle separate valuation for parallel accounting? Please choose the correct answer. Chart of depreciation Depreciation key Valuation area Depreciation area.
Which functions allow you to temporarily save the entered data? There are 2 correct answers to this question. Save function Parking function Hold function Insert function.
What is controlled by the terms of payment? There are 3 correct answers to this question. Setting for net procedure Determination of the baseline date Allowed account type Account for cash discount received Default payment method.
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? There are 2 correct answers to this question. Account determination key Depreciation area Asset class Financial statement version.
Which data sections are part of every asset class? There are 2 correct answers to this question. Master data section Depreciation data section Account determination data section Valuation area data section.
Which of the following methods does the depreciation key define? There are 3 correct answers to this question. Period control method Multilevel method Asset sheet valuation method Base method.
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. Fixed asset Cost center Functional area Profit center .
In the SAP S/4HANA application, the payment program and dunning program can access noted items for further processing. Determine whether this statement is true or false. Please choose the correct answer. False True.
In which application areas can you use validation? There are 2 correct answers to this question. Profit Center Accounting Materials Management Cost Accounting Asset Accounting.
Which of the following steps do you typically perform when executing the payment run with the automatic payment program? There are 2 correct answers to this question. Maintain open item selection parameters. Review the payment proposal exception list. Rank bank accounts for payment. Define maximum amounts to be paid per supplier.
Identify the application areas where validations and substitutions can be used. There are 3 correct answers to this question. SD – Sales and Distribution AA – Asset Accounting CO – Cost Accounting FI – Financial Accounting.
What must you do to create new validations and substitutions? There are 2 correct answers to this question. Choose the chart of accounts Deactivate all former validations and substitutions Select the relevant call-up point Define the area of application.
Which of the following types of tasks are available in the Financial Closing Cockpit application? There are 3 correct answers to this question. Flow definition Task list template Online transactions Remote tasks.
True or False: Choosing between SAP S/4HANA and SAP S/4HANA Cloud is also a matter of required scope. Please choose the correct answer. False True.
Which of the following parameters are controlled by the screen layout? There are 3 correct answers to this question. Field selection Number range Reference Maintenance level.
Which of the following statements best describe a noted item? There are 2 correct answers to this question. It can be used to remind the user about due payments. It updates the subledger and the general ledger. It has an automatic statistical offsetting entry. It can be accessed by the payment program.
Which two reports should you use to create correspondence to and from customers and vendors to enable you to verify the balance of receivables and payables? There are 2 correct answers to this question. SAPF130K SAPF130D SAPF130E SAPF130L.
What do you define in Customizing for the payment program? There are 3 correct answers to this question. Exchange rate type Forms for the payment media Bank determination Payment run ID Allowed currencies.
SAP HANA makes extensive use of which high-speed hardware technology to offer more speed? Please choose the correct answer. Graphic Processing Units (GPUs) Multicore CPUs Solid-State Drives (SSDs) Read-only memory.
Which of the following components make up an archiving object? There are 3 correct answers to this question. Customizing settings Data declaration part Variables Programs.
If there is no entry or if a runtime value is empty, the system uses a minimum runtime of 999 days. Determine whether this statement is true or false. Please choose the correct answer. True False.
For which of the following can you park documents? There are 2 correct answers to this question. Customer accounts Material accounts General ledger accounts Sales invoices.
What types of data are maintained for a house bank? There are 2 correct answers to this question. payment signatories Overdraft limit Data medium exchange (DME) details General Ledger account.
Your customer wants to start using SAP S/4HANA line-of-business solutions. Which of these solutions help you run human resource management processes? There are 2 correct answers to this question. SAP Fieldglass SAP Hybris SAP Concur SAP Success Factors.
Which dates can you use for tax calculation? There are 2 correct answers to this question. Due date Posting date Entry date Document date.
There are four dunning program steps that can be performed during the automatic dunning procedure as follows: Arrange these steps into the correct sequence. There are 3 correct answers to this question. Change the dunning proposal. Start the dunning printout. Maintain the parameters. Schedule the dunning run.
What sort of special general ledger types exist? There are 3 correct answers to this question. Free offsetting entries Other types Noted items Final payments Automatic offsetting entries (statistical).
A document has several line items, with different reason codes entered. For the automatic payment, which correspondence type does the system choose? Please choose the correct answer. The one in the first line item The one assigned to the tolerance group The one in the line item with the largest amount The system prompts for the user to assign one.
You are responsible for implementing Asset Accounting. You are provided with the legacy data of various assets and their grouping information based on category, life, and depreciation terms. What configuration step would you initiate to maintain these categories in SAP S/4HANA? Please choose the correct answer. Define general ledger accounts per each category of legacy asset. Copy the chart of depreciation and maintain depreciation areas. Define asset classes and maintain their attributes. Configure depreciation keys and calculation keys.
What is the order of configuration within the SAP Financial Closing cockpit? Please choose the correct answer. Create task list, release task list, define dependencies, create template, create tasks Create template, create tasks, define dependencies, create task list, release task list Define dependencies, create template, create tasks, create task list, release task list Create template, create task list, create tasks, define dependencies, release task list.
Which of the following statements apply to the special general ledger types of noted items? There are 3 correct answers to this question. The account for the offsetting entry is selected automatically. No special general ledger indicators of your own can be created of this type. No postings are made on an offsetting account. Noted items are posted to an alternative reconciliation account. No zero-balance check is made in the system.
When can you set the open item management indicator in a general ledger account? There are 2 correct answers to this question. When an account is used as a reconciliation account When an account is set up as a cost element When an account has a zero balance When an account is required for clearing.
What are the maintenance levels of a screen layout rule for asset classes? Please choose the correct answer. Depreciation area, asset class, main asset number, subnumber Asset class, main asset number, subnumber Main asset number, subnumber, depreciation area Asset class, depreciation area, main asset number, group asset.
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? Please choose the correct answer. 1 4 3 2.
Which of the following original Management Accounting objects can you assign in the asset master record? There are 3 correct answers to this question. Order Cost element Cost center Activity type.
You need to use foreign currency valuation in the ledger solution. Which objects must you define in Customizing? There are 3 correct answers to this question. Account determinations Value adjustment keys Valuation areas Simulation extension ledger Accounting principles.
Which fields of a financial accounting document influence the automatic payment program? There are 3 correct answers to this question. Payment advice Payment type Payment block Payment method Payment term.
You need to make the line item text field mandatory during document entry. Which objects should you analyze to fulfill this request? There are 2 correct answers to this question. G/L account Document type Account group Posting key.
You forgot to add a new general ledger account into the financial statement version. What impact does this have on the net profit and net loss? Please choose the correct answer. 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.
Which of the following logistic processes are involved in asset acquisition with materials management (MM)? There are 3 correct answers to this question. Purchase order Purchase requisition Inventory receipt Goods receipt.
Which of the following objects are relevant to the dunning program configuration? There are 3 correct answers to this question. Minimum amounts Dunning levels Expenses or charges Bank selection.
Which deployment options exist for SAP S4HANA? There are 3 correct answers to this question. Agile deployment Hybrid deployment Cloud deployment Central hub deployment On-premise deployment.
Cleared items contain which of the following pieces of information? There are 2 correct answers to this question. Due date Clearing document number Clearing date Archival information.
Which business partner characteristic is mapped to the customer and supplier account groups? Please choose the correct answer. Business partner type Business partner role Business partner grouping Business partner category.
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.
You want to quickly launch the balance sheet for the company code you are responsible for from the SAP Fiori launchpad. What can you create to achieve this? Please choose the correct answer. Your own financial statement version Your own application tile Your own application catalog Your own application group.
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.
What does the document type control? There are 2 correct answers to this question. Which account types are allowed for postings Whether negative postings are permitted Which posting keys are allowed for postings Whether exchange rate difference is permitted.
Which of the following are the characteristics included in general ledger drilldown reports? There are 3 correct answers to this question. Segment Total debit balance Business area Company code.
What information is provided when you execute the balance audit trail? Please choose the correct answer. A list of changes of maintained sensitive fields in general ledger accounts The open account balances for customer accounts and supplier accounts The starting balance and the yearly changes to the balance of a general ledger account A comparison of general ledger account balances across ledgers.
Which objects can be posted to by more than one company code? There are 3 correct answers to this question. Sales organization Segment Business area Cost center Profit Center.
You are creating an asset master record by copying another asset, and you notice that the inventory number is copied over. Which setting do you make to ensure the inventory number is NOT copied over when you create a new asset via copy? Please choose the correct answer. Remove the main asset indicator in screen layout maintenance. Remove the asset class indicator in screen layout maintenance. Remove the subnumber indicator in screen layout maintenance. Remove the reference indicator in screen layout maintenance.
For which special G/L indicator do you specify a target special G/L indicator? Please choose the correct answer. Customer down payment Guarantee given Vendor down payment request Bill of exchange.
How does SAP S/4HANA support the treatment of taxes? There are 3 correct answers to this question. It posts the tax amount to tax accounts. 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 the adjustment to the tax codes and automatically updates the procedure. It performs tax adjustments for cash discounts and other forms of deductions.
Which sequence of steps allows a three-way match in procurement transactions? Please choose the correct answer. Purchase order, purchase requisition, invoice receipt Purchase requisition, purchase order, goods receipt Purchase requisition, goods receipt, invoice receipt Purchase order, invoice receipt, goods receipt.
Which program is used to enter accruals and deferrals regularly? Please choose the correct answer. Devising program Compact document journal Ledger grouping Recurring entry program.
Which of the following are possible reasons that an invoice would not be paid? There are 3 correct answers to this question. The invoice has a debit balance. The payment amount is less than the minimum amount specified for a payment. An invalid house bank is selected. The discount period has expired.
To reduce the load on the system, what should you do with the older documents that exist in the database? Please choose the correct answer. Delete Archive and delete Backup and delete Extract and delete.
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 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 produced by the key date, but have not been invoiced. 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.
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 Closing Posting only Periodic only Opening Posting only.
When procurement transactions are posted, which of the following steps is exclusively carried out in Materials Management? Please choose the correct answer. Creation of purchase order Invoice receipt Goods receipt.
What type of architecture does SAP Business Workflow use? Please choose the correct answer. Three-tier Single-tier Two-tier Four-tier.
Which of the following standard correspondence types can you use to exchange information with customers and suppliers? There are 2 correct answers to this question. Invoices Dunning letters Bill of exchange charges statements Payment notices.
On which database is SAP S/4HANA built to run? Please choose the correct answer. On all databases that support columnar data storage On a select list of SAP and third-party databases Only on SAP HANA On all modern enterprise level databases.
Which parameters can you specify when you create a new correspondence type? There are 3 correct answers to this question. Document number required Reason code required Company code required Number of date fields required Account required.
What is the maximum dunning level that can be assigned to a dunning procedure? Please choose the correct answer. 1 9 11 7.
Which of the following functions include the important functions of the SAP List Viewer tool? There are 3 correct answers to this question. Deleting and inserting columns Defining print parameters Calculating totals and subtotals Setting filters.
How does the system behave when an invoice is processed as a residual payment? Please choose the correct answer. All documents remain in the account as open items. The original document and payment are cleared. The payment difference is posted to a different account The payment difference is written off.
Which of the following are the different history sheet groups that each version of asset history sheets can contain? There are 3 correct answers to this question. Book values at the end of the fiscal year Imputed interest Acquisitions Reposting.
Which of the following lists support the dunning clerk’s work? There are 3 correct answers to this question. The blocked accounts list The dunning history list The dunning list The list of vendor balances in local currency.
Which of the following statements is correct for external number assignment (manual posting)? Please choose the correct answer. The number must be assigned in a sequence. The number is the last document number. The number is entered by the user. The number is automatically assigned.
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 internal number assignment. You can use internal, external, or continuous number assignment. You have to use continuous number assignment. You have to use external number assignment.
You want to specify the financial statement version for asset reports in Customizing. Where do you need to assign the financial statement version? Please choose the correct answer. To each chart of depreciation To each company code To each accounting principle To each depreciation area.
You want to make the Reference Document Number field required for entry. Which object controls this setting? Please choose the correct answer. Document field status Document type Document posting key Document reference key.
What do you configure to allow cross-company-code transactions? There are 2 correct answers to this question. Special G/L indicator Posting keys Clearing accounts Account types.
What are the pillars of the SAP Fiori user experience paradigm? There are 3 correct answers to this question. Simple Vibrant User-based Responsive Role-based.
The usage of which of the following depreciation types can be activated per depreciation area? There are 3 correct answers to this question. Unplanned depreciation Scheduled depreciation Special depreciation Ordinary depreciation.
Which fields can you edit before posting a parked document? There are 3 correct answers to this question. Currency Amount Account Document type Posting date.
Which of the following statements are correct? There are 2 correct answers to this question. It is possible to design multilevel workflow sequences. The same workflow variant can be assigned to several company codes. A company code can be assigned several workflow variants. A task can be assigned only one possible processor.
You need to perform mid-year legacy system migration for assets in a new company code. Which data must you migrate? There are 3 correct answers to this question. Current year asset acquisition transactions Current year posted depreciation Closed year asset sale transactions Fully depreciated fixed asset master records Accumulated depreciation per cost center.
Which SAP technological product provides the platform required for SAP to support the digital transformation of an organization? Please choose the correct answer. SAP Fiori SAP HANA SAP Netweaver SAP CRM.
Which of the following parameters can you define within a dunning procedure? There are 2 correct answers to this question. Line item grace period Line item total period Company code Number of dunning levels.
Which currency valuation program is replaced by FAGL_FCV? Please choose the correct answer FAGL_VALUATION SAPF100 FAGL_FC_VALUATION SAPF130K.
Which information is checked by the system before a general ledger account k archived? Please choose the correct answer. The Open item Management indicator is set in master data The Mark for Deletion indicator is set in master data The Blocked for Posting indicator is set in master data. The assigned group account is already archived.
You are a group cash manager interested in the North American business market. What are the personalization options available to you in SAP Fiori? There are 2 correct answers to this question. You can create access to relevant apps for the North American accounts payable group that reports to you. You can adapt the Iaunchpad color theme according to predefined values for the cash report. You can create a tile group with all the apps required for your daily business for easy access. You can create an app to take you directly to the cash position of the North American business market.
Which of the following is an example of an automatic offsetting entry? Please choose the correct answer. Down payment request Bank posting of a received down payment Posting of a guarantee of payment.
What type of architecture does SAP Business Workflow use? Please choose the correct answer. Two-tier Three-tier Four-tier Single-tier.
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? Please choose the correct answer. Document line Document header Cost of sales accounting Complete document.
Which edition of SAP S/4HANA introduced the universal journal? Please choose the correct answer. SAP business suite powered by SAP HANA SAP S/4HANA 1511 SAP S/4HANA Finance 1503 SAP S/4HANA Cloud.
At what level is the bank master data stored in SAP S/4HANA? Please choose the correct answer. Client level Company code level Company level Controlling area level.
Which of the following retirement types is referred to as scrapping? Please choose the correct answer. Partial retirement without revenue and without customer Unplanned depreciation of remaining value Complete retirement with revenue but without customer Complete integrated asset retirement.
Which business partner characteristic is mapped to the customer and supplier account groups? Please choose the correct answer. Business partner type Business partner grouping Business partner role Business partner category.
Which of the following tolerance groups should every company code always have? Please choose the correct answer. Defined Blank Named Special.
You are creating an asset master record by copying another asset, and you notice that the inventory number is copied over. Which setting do you make to ensure the inventory number is NOT copied over when you create a new asset via copy? Please choose the correct answer. Remove the reference indicator in screen layout maintenance. Remove the main asset indicator in screen layout maintenance. Remove the subnumber indicator in screen layout maintenance. Remove the asset class indicator in screen layout maintenance.
What are the pillars of the SAP Fiori user experience paradigm? There are 3 correct answers to this question Role-based Responsive User-based Vibrant Simple.
What kind of customization can users do on their launchpad? There are 2 correct answers to this question. Change the names of tiles. Change the icons on tiles. Create their own tile groups. Change the name of tile groups.
What are the characteristics of a company in SAP S/4HANA? There are 2 correct answers to this question. It can be assigned to a company code. It is considered for consolidation. It represents separate areas of operation within an organization. It is responsible for costs and revenues within an organization.
In stock valuation, which of the following groups of stocks are valuated? There are 3 correct answers to this question. Finished goods Work in process Goods invoiced Raw materials, supplies, and consumables.
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. Special general ledger indicator Subledger accounts Currency General ledger .
Which steps are required to create a substitution in Financial Accounting? There are 3 correct answers to this question. Assign the substitution rule to the controlling area. Choose the area of application GL. Select the correct call-up point. Define the substitution rule with its different steps using the formula editor. Activate the substitution rule. .
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.
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 advice Payment term Payment block.
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? There are 2 correct answers to this question. Posting period variant must be created and assigned. Tax types and tax codes must be maintained. Line item text templates must be maintained. Number range and document types must be maintained. .
What object determines the number range for business partner master data? Please choose the correct answer. Business partner role Business partner grouping Business partner type Business partner category .
Data in the SAP HANA database is stored in which two ways? There are 2 correct answers to this question. Column Row Vector Random.
Which reporting tools are available with SAP S/4HANA embedded analytics? There are 2 correct answers to this question. SAP Analytics Cloud Query Browser KPI modelling apps SAP Analysis for Microsoft Office.
"You want to edit a dunning proposal. Which actions can you perform to edit a dunning proposal? There are 3 correct answers to this question" Lower the dunning level of an item. Change a document. Change the dunning data of an account. Block an account. Block a line item. .
On which database is SAP S/4HANA built to run? Please choose the correct answer. Only on SAP HANA On all modern enterprise level databases On all databases that support columnar data storage On a select list of SAP and third-party databases .
Which of the following options are included in the Asset Explorer? There are 3 correct answers to this question. Post documents. Display depreciation calculation. Drill down to Financial Accounting (FI) document. Drill down to reports. .
Which prerequisite must be met by the technical clearing account for integrated asset acquisition? Please choose the correct answer. The account is assigned in the asset account determination for each valid depredation area. The account is a profit-and-loss account that must be open item managed. The account is a reconciliation balance sheet account for fixed assets. The account is created for all active company codes of the client. .
You use the ledger approach for parallel accounting in Asset Accounting. Depreciation area 01 is assigned to the leading ledger for an area 01 is assigned to the leading ledger for leading valuation and depreciation area 32 is assigned to the non-leading ledger for parallel valuation. What posting option should you choose for depreciation area 32? Please choose the correct answer. Area Posts in Real Time Area Posts Depreciation Only Area Does Not Post Area Posts APC Immediately, Depreciation Periodically.
"What happens to the transaction figures when you post a normal reversal posting? Please choose the correct answer." They are reset. They are cleared. They are increased. They are deleted.
"What is the difference between the ledger approach and the accounts approach to parallel valuation in Asset Accounting? Please choose the correct answer." In the accounts approach, you assign a completely separate set of accounts for each accounting principle, 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 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 accounts approach.
"Which SAP Fiori app type provides essential information about system master data and offers links for navigating between related objects? Please choose the correct answer." Fact sheet Transactional Analytical Configuration.
How many posting period intervals in SAP S/4HANA are used for postings of Financial Accounting (FI) and Controlling (CO)? Please choose the correct answer. 2 3 12 16.
Which deployment options exist for SAP S4HANA? There are 3 correct answers to this question. On-premise deployment Hybrid deployment Cloud deployment Agile deployment Central hub deployment.
What items are NOT cleared by the automatic clearing program? There are 3 correct answers to this question. Noted items Items with value added tax Items with sales and use tax Statistical postings Items with withholding tax.
A general ledger account has a foreign currency setting of CAD. The company code currency is USD. The controlling area currency is EUR. Which currencies can you post to in this account? Please choose the correct answer. You can only post to the account in CAD and USD. You can only post to the account in CAD. You can only post to the account in CAD, USD, and EUR. You can only post to the account in USD.
You want to create a substitution in Financial Accounting. Which parts do you have to define for each step of the substitution? There are 2 correct answers to this question. Message Replacement Check Prerequisite.
Which of the following methods can be used to transfer Asset Accounting (FI-AA) legacy data? There are 3 correct answers to this question. For a small quantity of legacy data, use AS100. For a manageable quantity of legacy data, use the manual transaction code AS91 and ABLDT For a very large quantity of legacy data, use the direct input procedure (program RAALTD11) For a large quantity of legacy data, use batch input procedure (program RAALTD01) For a large to very large quantity of legacy data, use the legacy data transfer using a BAPI interface.
On which levels do you maintain data for an integrated customer account? There are 3 correct answers to this question. Sales area General data at the client level Purchasing organization Company code Profitability segment.
Which of the following are standard correspondence types? There are 3 correct answers to this question. Payment notice Payment proposal Account statement Document journal Open items list.
Which requirements do you need to fulfill to use data aging for Finance in the SAP S/4HANA system? There are 3 correct answers to this question. Activate data aging for your company code. 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.
Which elements define the integration of asset acquisitions to the general ledger? There are 2 correct answers to this question. Valuation area Depreciation area Asset class Depreciation keys.
Identify the three types of tolerances in accounting. There are 3 correct answers to this question. Special account tolerance groups Employee tolerance groups Customer/vendor tolerance groups G/L account tolerance groups.
What is the purpose of the chart of depreciation? Please choose the correct answer. The chart of depreciation defines the asset classes for which you can create fixed assets. The chart of depreciation facilitates country-specific legal valuation of fixed assets. The chart of depreciation is a reporting tool that structures your assets for hierarchical reporting. The chart of depreciation substitutes the operational chart of accounts in asset-related postings.
What is the name of the leading ledger that SAP provides with the standard system? Please choose the correct answer. OL 2L 1L 3L.
What settings can you define specifically for an asset class? There are 3 correct answers to this question. Maximum amount for low-value assets Account determination key Default transaction type for asset posting Synchronization rules for asset and equipment Asset under construction category.
True or False: SAP S/4HANA replaces SAP ERP, and development and support are shifted completely to it. Please choose the correct answer. False True.
Which of the following segments contains the general data of a customer or vendor that can be accessed throughout the organization? Please choose the correct answer. Account level Organization level Client level Company code.
You are posting an incoming payment against an invoice. Which document values does the user tolerance group control? There are 2 correct answers to this question. The cash discount amount (absolute value) allowed for a line item The payment amount allowed for each customer open item The cash discount percentage allowed for the complete document The total amount (sum of all line items) allowed to be posted.
Which data can you edit in the payment proposal? There are 3 correct answers to this question. Payment block Payee House bank Cash discount Invoice amount.
In which application areas can you use validation? There are 2 correct answers to this question. Materials Management Profit Center Accounting Cost Accounting Asset Accounting.
When can you set the open item management indicator in a general ledger account? There are 2 correct answers to this question. When an account has a zero balance When an account is required for clearing When an account is used as a reconciliation account When an account is set up as a cost element.
How do you identify an asset as an asset under construction? Please choose the correct answer. 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.
Which field status has the lowest priority (G/L accounts)? Please choose the correct answer. Required entry Hide Display Optional entry.
A message can contain up to six fields. Determine whether this statement is true or false. Please choose the correct answer. True False.
What account types can you use to classify general ledger accounts in SAP S/4HANA? There are 3 correct answers to this question. Balance sheet Secondary costs Field status group Non-operating expense or income Reconciliation accounts.
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 High rate of interest principle Strict lowest value principle Revalue only.
On which levels can you maintain field status controls for business partners (BP)? There are 3 correct answers to this question. Company code BP category BP type Client BP role.
In the SAP S/4HANA application, the payment program and dunning program can access noted items for further processing. Determine whether this statement is true or false. Please choose the correct answer. True False.
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. Controlling area Company Segment Company code.
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? Please choose the correct answer. 2 1 4 3.
Which statement best describes the normal reversals functionality? Please choose the correct answer. Executes the inverse posting of a cleared document before resetting it. Executes an inverse posting by resetting the transaction figures. Executes a transfer posting by resetting the transaction figures. Executes an inverse posting by increasing the transaction figures.
At which level do you assign the print program to the correspondence type? Please choose the correct answer. At company code level only At client level only At system level At client or company code level.
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 produced by the key date, but have not been invoiced. 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 ordered by the key date, but have not been received.
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. Document date Value date Posting date Goods receipt date Entry date.
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 Cost center Inventory number.
What do you need to do to configure a new exchange rate type in SAP S/4HANA? There are 2 correct answers to this question Set up the relationship between currencies using translation ratios. Maintain exchange rates daily. Specify the direct or indirect quotation. Specify a purpose for the exchange rate type.
Which of the following standard correspondence types can you use to exchange information with customers and suppliers? There are 2 correct answers to this question. Dunning letters Bill of exchange charges statements Invoices Payment notices.
Which of the following options can you use to change the G/L account master data using collective processing? There are 3 correct answers to this question. Change chart of accounts data Change company code data Change client level data Change account descriptions.
Which of the following is the first step in the variant principle? Please choose the correct answer. Define variant Determine values for the variant Assign the variant to the objects Create multiple variants.
Which closing activities are used in external reporting as per SAP best practices? There are 2 correct answers to this question. Update product cost estimates. Execute the plan cost center assessment cycle. Perform valuations of open items in foreign currency. Reclassify receivables and payables.
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.
What is the maximum number of steps possible in validation? Please choose the correct answer. 99 199 566 999.
What are the features of the Accrual Engine in SAP S/4HANA? There are 2 correct answers to this question Complex postings with more than two line items are NOT possible. The fiscal year variant of the general ledger is supported. All currencies of general ledger are supported. The FI reversal is NOT supported.
When procurement transactions are posted, which of the following steps is exclusively carried out in Materials Management? Please choose the correct answer. Creation of purchase order Goods receipt Invoice receipt.
What is the purpose of period interval 3 when you define open and closed periods? Please choose the correct answer. It is used for the authorization object for posting periods. It is used for posting from CO to FI. It is used for period lock in special purpose ledger. It is used for special period posting.
Which of the following logistic processes are involved in asset acquisition with materials management (MM)? There are 3 correct answers to this question. Purchase requisition Purchase order Goods receipt Inventory receipt.
You are responsible for implementing Asset Accounting. You are provided with the legacy data of various assets and their grouping information based on category, life, and depreciation terms. What configuration step would you initiate to maintain these categories in SAP S/4HANA? Please choose the correct answer. Copy the chart of depreciation and maintain depreciation areas. Define general ledger accounts per each category of legacy asset. Configure depreciation keys and calculation keys. Define asset classes and maintain their attributes.
You want to post journal entries in a special period. Which conditions must be met? There are 2 correct answers to this question. You must enter a posting date in the last posting period. The special period must be open for posting in the period control. You must have specific authorization to post in special periods. The balance carry-forward to the new fiscal year must have taken place.
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. 6 3 1 4.
Which of the following information is entered in the chart of accounts segment of a G/L account? There are 3 correct answers to this question. Account number Consolidation fields Control fields Currency fields.
Your customer wants to use data aging for the universal journal. Which criteria can you use to decide which data is moved to the historical partition? There are 2 correct answers to this question. Company code Account type Ledger Document type.
Which General Ledger account type do you select to perform activity cost allocations? Please choose the correct answer. Non-operating expense or income Secondary costs Balance sheet Primary costs or revenue.
You want to specify the financial statement version for asset reports in Customizing. Where do you need to assign the financial statement version? Please choose the correct answer. To each depreciation area To each accounting principle To each chart of depreciation To each company code.
Which parameters can you specify when you create a new correspondence type? There are 3 correct answers to this question. Company code required Reason code required Number of date fields required Document number required Account required.
How does SAP S/4HANA reduce system complexity and improve system efficiency? There are 2 correct answers to this question. By removing application code that deals with aggregates and indexes By providing application code that deals with aggregates and indexes By removing views of data at runtime from the same source tables By providing views of data at runtime from the same source tables.
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 relevant balance sheet account lines with the defined splitting characteristics. It enriches all profit and loss account lines with the defined splitting characteristics. It enriches all revenue account lines with the defined splitting characteristics.
When you post a payment for an invoice, how does the system derive the splitting characteristics? Please choose the correct answer. Active document splitting Default assignment Passive document splitting Inheritance.
In which object do you define which SAP Fiori apps a user can use? Please choose the correct answer. Fiori tile group Fiori app library Fiori tile catalog Fiori default values.
After you collect data in the Intercompany Reconciliation tool, what are the next steps of the reconciliation process? Please choose the correct answer. 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. Store the data. 2. Present reconciled and non-reconciled data. 3. Post the correction documents. 4. Communicate differences. 1. Present reconciled and non-reconciled data 2. Post the correction documents. 3. Store the data. 4. Communicate differences.
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? There are 2 correct answers to this question. Paying company codes Bank determination Special G/L indicators Payment terms.
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? Please choose the correct answer. 3 4 1 2.
Which field can you change on a posted invoice? Please choose the correct answer. Cost center Payment terms Tax code Special G/L indicator.
Which activities are supported by the regrouping program of receivables and payables? There are 2 correct answers to this question. Grouping receivables and payables by their remaining life Regrouping open items based on changed reconciliation accounts Regrouping of receivables and payables to accrual earnings or expense Regrouping and clearing open items for affiliated companies on customers and vendors.
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? There are 2 correct answers to this question. Assets are complete and error free. General ledger and subledgers are closed. Depreciation is posted in full. Fixed asset fiscal year change is complete.
Which statements best describe a chart of depreciation? There are 2 correct answers to this question. A chart of depreciation contains multiple depreciation areas with a provision for addition and deletion of depreciation areas. A chart of depreciation is a country-specific object that is delivered with SAP S/4HANA. A chart of depreciation is mandated by a country's statutory requirement and should be adopted as is. A chart of depreciation is company-code-specific; therefore, two company codes CANNOT use the same chart of depreciation.
Which parameter indicates that a line item can only be dunned with restrictions? Please choose the correct answer. Dunning area Dunning block reason Dunning key Dunning grouping.
How many intervals are defined for the foreign currency valuation run ID per client? Please choose the correct answer. 0 2 3 1.
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. Functional Area Cost Center Segment Business Area.
Which of the following statements best describe how core data services (CDS) are developed? Please choose the correct answer. They are developed in the ABAP layer of the SAP S/4HANA system by the IT user. They are developed in the SAP HANA database layer by the IT user. They are developed in the SAP HANA database layer by the Analytics key user. They are developed in the ABAP layer of the SAP S/4HANA system by the Analytics end user.
Your customer uses a posting period variant with special periods, and you need to allow specific users to post in these specials periods. What do you assign in the posting period variant? Please choose the correct answer. An authorization group to period intervals 2 and 3 An authorization group to period intervals 1 and 2 An authorization group to period interval 1 An authorization group to period interval 2.
Which of the following original Management Accounting objects can you assign in the asset master record? There are 3 correct answers to this question. Order Cost center Cost element Activity type.
Which of the following types of tasks are available in the Financial Closing Cockpit application? There are 3 correct answers to this question. Online transactions Task list template Remote tasks Flow definition.
Identify the steps performed during the general ledger closing operations for the fiscal year. There are 3 correct answers to this question. The balance carry forward program is run. Vendor invoices are posted. Foreign currency documents are valuated. Accruals are carried out.
What are the features of the Accrual Engine in SAP S/4HANA? There are 2 correct answers to this question. The fiscal year variant of the general ledger is supported. The FI reversal is NOT supported. All currencies of general ledger are supported. Complex postings with more than two line items are NOT possible.
For which type of account is the line item display generally active? Please choose the correct answer. Special general ledger account Vendor account Customer account Reconciliation account.
What is the purpose of the reorganization of segments? There are 2 correct answers to this question. Enables segment reassignments. Enables merge of segments. Enables segment deletion. Enables segment derivation.
Which of the following steps do you typically perform when executing the payment run with the automatic payment program? There are 2 correct answers to this question. Review the payment proposal exception list. Rank bank accounts for payment. Define maximum amounts to be paid per supplier. Maintain open item selection parameters.
What does the year-end closing program in Asset Accounting do? There are 3 correct answers to this question. It indicates if any of the created asset master records contain errors or are incomplete. It settles all assets under construction with values and maintained settlement rules. It checks whether the depreciation is posted completely for the fiscal year. It blocks all postings to Asset Accounting for the closed fiscal years. It posts all remaining depredation and imputed interest.
What is the recommended organizational unit for cost-of-sales accounting? Please choose the correct answer. Controlling area Sales area Business area Functional area.
What are some features of SAP HANA? There are 2 correct answers to this question. SAP HANA allows transactional and analytical processing off the same tables. SAP HANA is optimized to organize data using column stores. SAP HANA is optimized to work with aggregates and index tables. SAP HANA is built on a hierarchical data model architecture.
You want to configure the tax calculation procedures. What are the main elements you need to define? There are 3 correct answers to this question. Sequence of steps Condition type Country key Tax code Account or transaction key.
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.
Which prerequisites must be fulfilled before you can use negative postings? There are 2 correct answers to this question. The posting key must permit negative posting. The reversal reason must allow alternative posting dates. The company code must permit negative postings. The reversal reason must allow negative postings.
In the integrated scenario for down payments, in what step of the process do you enter the down payment information? Please choose the correct answer. Invoice verification Down payment monitoring Goods receipt creation Purchase order creation.
Which of the following logistic processes are involved in asset acquisition with materials management (MM)? There are 3 correct answers to this question. Inventory receipt Goods receipt Purchase requisition Purchase order.
You use the ledger approach for parallel accounting in Asset Accounting. Depreciation area 01 is assigned to the leading ledger for an area 01 is assigned to the leading ledger for leading valuation and depreciation area 32 is assigned to the non-leading ledger for parallel valuation. What posting option should you choose for depreciation area 32? Please choose the correct answer. Area Does Not Post Area Posts in Real Time Area Posts APC Immediately, Depreciation Periodically Area Posts Depreciation Only.
Which statements best describe extension ledgers in SAP S/4HANA? There are 2 correct answers to this question. 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. Multiple extension ledgers can point to the same underlying ledger.
A user wants to add an application to his SAP Fiori home page but can’t find it in the App Finder. What does the admin have to do? Please choose the correct answer. Assign the corresponding SAP Fiori tile catalog to the user. Add the corresponding tile catalog to the tile group. Assign the corresponding SAP Fiori tile group to the user. Add the tile to a tile group already assigned to the user.
Which tasks are stages of dunning execution? There are 2 correct answers to this question. Maintain the dunning parameters. Schedule the dunning intervals. Schedule the dunning run. Maintain the dunning levels.
On which levels can you activate document splitting? There are 2 correct answers to this question. Document type level Client level Ledger level Company code level.
You are responsible for configuring document splitting. What are some of the key settings? There are 2 correct answers to this question. Field status variant Document type Document number range Business transaction variant.
Identify the fields that cannot be changed while changing parked documents. There are 3 correct answers to this question. Account assignment objects Company code Document type or document number Currency.
Which of the following statements best describe a noted item? There are 2 correct answers to this question. It has an automatic statistical offsetting entry. It can be used to remind the user about due payments. It can be accessed by the payment program. It updates the subledger and the general ledger.
You are configuring depreciation areas in Asset Accounting. Which of the following settings is NOT permitted? Please choose the correct answer. Area posts depreciation only Area posts revaluation only Area does not post Area posts in real time.
Which activities can you perform with a recurring journal entry? There are 2 correct answers to this question. Determine the number of postings. Create monthly postings on any date of a month. Set rules to distribute amounts to be posted. Obtain an overview of related future postings.
You are configuring accrual types for the accrual engine. For which postings is account determination required? There are 2 correct answers to this question. Periodic only Opening and Closing Posting only Closing Posting only Opening Posting only.
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. False True.
You are asked to explain the assets under construction functionality in SAP S/4HANA. What should you highlight? 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 impossible to use assets under construction with Investment Management. It is possible to calculate and post depreciation in the balance sheet depreciation area for assets under construction. It is possible to post special tax depreciation and investment support for assets under construction.
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. 6 1 3 4.
The dunning run is made up of three main steps that happen in a particular sequence. What is the correct sequence of steps? Please choose the correct answer. Account selection Item selection Dun line items Item selection Dun line items Dun account Account selection Dun line items Dun account Item selection Dun account Dun line items.
Which standard currency types must be used when configuring the currency settings for company codes? There are 2 correct answers to this question. Document currency Company code currency Controlling area currency Group currency.
You are creating an asset master record by copying another asset, and you notice that the inventory number is copied over. Which setting do you make to ensure the inventory number is NOT copied over when you create a new asset via copy? Please choose the correct answer. Remove the subnumber indicator in screen layout maintenance. Remove the asset class indicator in screen layout maintenance. Remove the main asset indicator in screen layout maintenance. Remove the reference indicator in screen layout maintenance.
When you post a manual incoming payment, which parameters are valid for all payment documents? There are 2 correct answers to this question. Bank account Residual item Journal entry type Tolerance group.
SAP HANA makes extensive use of which high-speed hardware technology to offer more speed? Please choose the correct answer. Graphic Processing Units (GPUs) Read-only memory Multicore CPUs Solid-State Drives (SSDs).
You forgot to add a new general ledger account into the financial statement version. What impact does this have on the net profit and net loss? Please choose the correct answer. 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 notes in the financial statement item section and is excluded from 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.
A document has several line items, with different reason codes entered. For the automatic payment, which correspondence type does the system choose? Please choose the correct answer. The one in the first line item The one in the line item with the largest amount The system prompts for the user to assign one The one assigned to the tolerance group.
What does the document type control? There are 2 correct answers to this question. Whether exchange rate difference is permitted Which account types are allowed for postings Which posting keys are allowed for postings Whether negative postings are permitted.
Which items can you clear with the automatic clearing program? Please choose the correct answer. Statistical postings Noted items Items with withholding tax entries Bank transaction items.
You have to 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? Please choose the correct answer. Define a valuation area and extension ledger to link with the new valuation area. 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. Define a valuation area and ledger group for two ledgers to link with the new valuation area.
What are the two phases of AuC that are relevant to Asset Accounting? There are 2 correct answers to this question. Assets transfer phase Accounting phase Useful life phase Under-construction phase.
What do you define in payment terms? There are 2 correct answers to this question. Tolerance days Cash discount Posting key Due date specification.
How can you perform transfers of assets between company codes with different charts of depreciation? Please choose the correct answer. Configure the cross-company depreciation areas in customizing. Assign the group chart of depreciation to the relevant fixed assets. Enter depreciation area mapping during intercompany transfer posting. Correct depreciation area assignment in the asset master record after posting.
What data do you maintain in the chart of accounts sections of a General Ledger account? Please choose the correct answer. Consolidation data Reconciliation data Authorization data User data .
You want to make the Reference Document Number field required for entry. Which object controls this setting? Please choose the correct answer. Document posting key Document type Document field status Document reference key.
Which data model is used for SAP S/4HANA? Please choose the correct answer. Online transactional processing (OLTP) for on-premise deployments and online analytical processing (OLAP) for Cloud deployments. Online analytical processing (OLAP) that is based on aggregated tables and indexes. Online transactional processing (OLTP) and online analytical processing (OLAP) both running on a single system. Online transactional processing (OLTP) and online analytical processing (OLAP) each using data from separate tables.
Which objects can be posted to by more than one company code? There are 3 correct answers to this question. Sales organization Business area Cost center Segment Profit Center.
Which statements best describe a profit center? There are 2 correct answers to this question. It is the only object that can be uniformly derived using segments. It is the only object from which segments can be uniformly derived. It has to be used simultaneously with segments to create separate balance sheet and P&L statements. It is an element for which separate balance sheet and P&L statements can be created.
Identify some of the checks for archiving G/L accounts (master data). There are 3 correct answers to this question Are there (still) transaction figures (for example, have they already been archived)? Are there (still) documents? Has a deletion indicator been set? Is the fiscal year closed? .
What do you need to do to configure a new exchange rate type in SAP S/4HANA? There are 2 correct answers to this question. Specify the direct or indirect quotation. Specify a purpose for the exchange rate type. Maintain exchange rates daily. Set up the relationship between currencies using translation ratios.
In which items of a financial statement version can you find values related to accounts for sales deductions and material expenses? Please choose the correct answer. Sales deductions in assets item Material expenses in loss item Sales deductions in loss item Material expenses in loss item Sales deductions in loss item Material expenses in liabilities item Sales deductions in liabilities item material expenses in loss item.
True or False: SAP S/4HANA replaces SAP ERP, and development and support are shifted completely to it. Please choose the correct answer. True False.
Which of the following are the characteristics included in general ledger drilldown reports? There are 3 correct answers to this question. Business area Segment Total debit balance Company code.
Which of the following statements are correct? There are 2 correct answers to this question. A task can be assigned only one possible processor. A company code can be assigned several workflow variants. It is possible to design multilevel workflow sequences. The same workflow variant can be assigned to several company codes.
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 continuous number assignment. You have to use external number assignment. You have to use internal number assignment. You can use internal, external, or continuous number assignment.
Your customer wants the document numbers for two separate document types to share the same number range. How can you achieve this? Please choose the correct answer. Enter the same document number range in the customizing definition of both document types. Create two external number ranges with the same range and assign one to each of the relevant document types. Create two internal number ranges with the same range and assign one each to the relevant document types. Create a substitution rule that updates the document number based on the range you assign in the rule definition.
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 reason code Clearing date Clearing bank.
Your customer- performs pre-closing activities on the last day of the month. Which activities are typically executed during pre-closing? There are 2 correct answers to this question. Perform foreign currency valuation for accounts payable. Post recurring entries for the general ledger. Create the asset history sheet for asset accounting. Process bad debt expenses for accounts receivable.
Which business partner categories are available to manage relationships? There are 2 correct answers to this question. Bank Organization Person  Customer.
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. Cost center Profit center Fixed asset Functional area.
How do you configure depreciation areas in SAP S/4HANA? There are 2 correct answers to this question. Assign a ledger group to each depreciation area. Assign depreciation area 01 to the leading ledger. Ensure each accounting principle is assigned to a depreciation area. Ensure depreciation areas always post to the general ledger.
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 account determination of the asset class In the screen layout of the asset master record In the screen layout of the deprecation area In the asset master record of the main asset.
Where can an SAP Fiori end user change the theme of their launchpad? Please choose the correct answer. In the Tile Group area of the launchpad designer In the Me area of the launchpad In the UI theme designer In the Tile Catalog area of the launchpad designer.
What is the purpose of the reorganization of segments? There are 2 correct answers to this question. Enables segment reassignments. Enables segment derivation. Enables merge of segments. Enables segment deletion.
What do you define in Customizing for the payment program? There are 3 correct answers to this question. Exchange rate type Bank determination Forms for the payment media Allowed currencies Payment run ID.
Which deployment option do you recommend to customers who want to always be on the latest release of SAP S/4HANA? Please choose the correct answer. SAP S/4HANA Finance SAP S/4HANA Cloud SAP S/4HANA with Central Finance SAP S/4HANA on-premise.
For which activities can you use an extension ledger? There are 2 correct answers to this question. Adjustments for consolidation purposes Parallel valuation of depreciation areas Simulation of foreign currency valuation  Configuration of custom fields for financial statements.
For general ledger account posting, which one of the following standard posting keys is for debit? 40 01 50 31.
What are some of the benefits of SAP S/4HANA? There are 2 correct answers to this question. The data is available in real time at line item detail. The data is analyzed after it is extracted and loaded in the reporting system. The data is summarized into higher levels of aggregates to help system performance. The data is aggregated on the fly from any line item table.
Which of the following are SAP Fiori design principles? There are 2 correct answers to this question. Routine Rational Role-based Responsive.
SAP S/4HANA is the digital core of the intelligent enterprise. Which applications from the SAP portfolio integrate with SAP S/4HANA to help you perform human resource management? 2 correct answers SAP C/4HANA SAP Fieldglass SAP Success Factors SAP Ariba.
The SAP HANA database relies on which of the following technologies for storing data? There are 3 correct answers to this question. Aggregation Columnar store Compression In-memory.
What dunning-related data do you maintain on the business partner master record? There are 3 correct answers to this question. Dunning interval Dunning key Dunning area Dunning block Dunning procedure.
Which of the following are the steps of Intercompany reconciliation? There are 3 correct answers to this question. Automatic assignment of documents Manual reconciliation and communication Document selection and data storage Automatic presentation of reconciled and non-reconciled data.
Customers using classic General Ledger Accounting can use RFBILAOO to create a financial statement at which organization levels? There are 2 correct answers to this question. Company area level Client level Segment level Business area level.
You have been asked to set up house banks as part of the implementation What information do you need? 3 correct Answers General ledger account Bank control Key Company Code Payment Method Bank Master data.
Which of the following statements are valid for financial document number ranges ? 3 correct answers The same financial document number range can be assigned to several document types Financial document number ranges are defined at company code level Financial document number ranges must be defined for the year in which they are used All financial document number ranges can contain numbers and/or letters Financial document numbers ranges defined at client level should NOT overlap.
Which of the following should you consider when defining asset number ranges 2 correct Answers Asset number ranges are defined at chart of depreciation level Each asset number range must be assigned to a unique assest class Each asset class can have either an internal or external number range asset number ranges are defined for assets classes and are company code specific .
Which of the following statements best describe how customers down payments are integrated with sales & Distribution (SD) ? A down payments request is created as an SD sales order, which is automatically posted in F1 as a noted item A down payment request is created as an F1 noted item, which automatically generates an SD Billing document. A Down payment request is created as an SD billing document , which automatically posted in F1 as a noted item A Down payment request created is as an F1 noted item, which automatically generates an SD Sale order .
What are key reasons for preferring a new implementation of SAP S/4 HANA rather than a system conversion from SAP ERP ? 2 correct Answers You want to integrate the system into SAP Cloud Platform You want to clean up your system and use SAP Best Pratices You want to deploy SAP S/4 Hana Cloud You want to use document splitting for the general ledger .
You Define custom currency type Z1 for your company code. Which currency type must be stored in the Data entry view ? 2 correct answers Document currency Custom currency type Hard currency Company code currency.
You post a purchase order. For which expenses does the system calculate accruals ? 2 Correct Answers Consulting Services Fixed assets purchases Raw material purchases Insurance premiums .
You assign currency type 40 to your company code in ledger 0L Which source currency types can you select? 2 Correct Answers Controlling area currency Document currency Group Currency Company code currency.
You perform foreign currency valuation for the open items of your suppliers accounts, The valuations will be used only for the period end reporting and should then be reversed. What account does the system use to post the valuation differences ? Supplier reconciliation G/L acccount Adjustment G/L account for foreign currency Individual supplier accounts with special G/L indicator Alternative reconciliation G/L account.
What are the features of the Accural Engine in SAP S/4 HANA ? 2 correct answers All accurals calculations must be reviewed and approved before posting All currencies of the general ledger are supported The fiscal year variant of the general Ledger is supported Accural postings with a maximum of two line items are supported.
You want to define a validation for combination of general ledger account and cost center for which call-up point do you define this validation ? Complete document Document line Document header Cost of sales accounting.
What do you define when configuring assets classes ? 3 Correct answers transactions types Posting key Screen layout rules Account determination number ranges.
You are responsible for configuring document splitting What are some of the key settings ? 2 correct answers Document type Document number range Business transaction variant Field status variant.
Your customer operates 20 company codes in 10 different countries and 3 continents. What is the minimum number of clients you must configure in the SAP S/4HANA system to depict this scenario? 3 10 1 20.
Which of the following organizational units are part of the enterprise structure of FI? (There are three correct answers.) Functional Area Operating concern Business Area Plant Segment.
Which objects can define the maximum length of a G/L account? (There are two correct answers.) Chart of accounts Field status group Account type Account group.
When creating a G/L account and there are conflicting field statuses, which field status has the highest priority? Display Optional Suppress Required.
What is defined with the fiscal year variant? (There are two correct answers.) Open and closed fiscal periods Start and end dates of the calendar year Start and end dates of the fiscal year Number of fiscal periods in a year.
What does the posting key define? (There are two correct answers.) Account type Document type Tax code Debit or credit line.
Which date defines the period a document is posted? Document date Valuation date Posting date Entry date.
Which of the following fields can be configured as changeable in a document header? Document Type Posting Date Document Date Document Reference.
What fields do you have to enter to make a document reversal? (There are two correct answers.) Document Type Document Date Posting Date Reversal Reason.
Which business partner categories does the system support? (There are three correct answers.) Group Agency Person Organization Public Sector.
You receive a payment for an invoice that is smaller than the owed amount. How can you manage payment differences in the Post Incoming Payments application? (There are two correct answers.) Partial payment Residual item Change due date Reject payment.
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