FICO S4hana

1. 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. Check. Message. Replacement.

What is the purpose of period interval 3 when you define open and closed periods?. Posting to special purpose ledger. Posting from CO to FI. Posting to special periods. Authorization control for posting periods.

To use the SAP Financial Closing cockpit, which steps are required?. Create task groups. Create template. Define person responsible for tasks. Release task list e. Define task dependencies.

You want to edit a dunning proposal. Which actions can you perform?. a. Change a document. b. Block a line item. c. Change the dunning data of an account. d. Lower the dunning level of an item. e. Block an account.

5. For which special G L indicator do you specify a target special GL indicator?. a. Customer down payment. b. Bill of exchange. c. Vendor down payment request. d. Guarantee given.

6. What are some of the benefits of the data handling in SAP S/4HANA? Note: There are 2 correct answers to this question. a. The data is summarized into higher levels of aggregates to help system performance. b. The data is analysed after it is extracted and loaded in the reporting system. c. The data is available in real time at line item detail. d. The data is aggregated on the fly from any line item table.

7. What dunning-related data do you maintain on the business partner master record? Note: There are 2 correct answers to this question. a. Dunning Area. b. Dunning interval. c. Dunning key. d. Dunning Block.

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. a. It is possible to calculate and post depreciation in the balance sheet depreciation area for assets under construction. b. It is impossible to use assets under construct on with Investment Management. c. It is possible to post special tax depreciation and investment support for assets under construction. d. It is possible to post credit memos, even after assets under construction are fully capitalized.

9. 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. a. General ledger account. b. Company code. c. Supplier account. d. Payment method. e. Bank master data.

10. Which of the following statements best describe a noted item? Note:There are 2 correct answers to this question. a. It can be used to remind the user about due payments. b. It has an automatic statistical offsetting entry. c. It can be accessed by the payment program. d. It updates the sub ledger and the general ledger.

11. Which prerequisites must be fulfilled to allow for negative postings of journal entries? Note:There are 2 correct answers to this question. a. The posting key must allow negative postings. b. The company code must allow negative postings. c. The reversal reason must be configured to allow negative postings. d. The reversal accounts must be configured to allow negative postings.

12. What are the characteristics of a company in SAP S/4HANA? Note:There are 2 correct answers to this question. a. It is responsible for costs and revenues within an organization. b. It is considered for consolidation. c. It can be assigned to a company code. d. It represents separate areas of operation within an organization.

13. 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. a. You can create a tile group with all the apps required for your daily business for easy access. b. You can adapt the Launchpad colour theme according to predefined values for the cash report. c. You can manage user access to relevant apps for the North American accounts payable group that reports to you. d. You can create an app to take you directly to the cash position of the North American business market.

14. Which business partner characteristics mapped to the customer and supplier account groups?. a. Business partner type. b. Business partner category. c. Business partner role. d. Business partner grouping.

15. In customizing, at which levels can you assign the print program to the correspondence type? Note: There are 2 correct answers to this question. a. At client level. b. b. At company code level. c. At business partner level. d. At system level.

16. 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?. a. Complete document. b. Document line. c. Document header. d. Cost of sales accounting.

7. 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?. a. Segment. b. Functional Area. c. Cost center. d. Internal Order.

18. You post a purchase order. For which expenses does the system calculate accruals? Note: There are 2 correct answers to this question. a. Consulting services. b. Insurance premiums. c. Fixed Asset purchases. d. Raw material purchases.

19. When can you set the open item management indicator in a general ledger account? Note: There are 2 correct answers to this question. a. When an account is used as a reconciliation account. b. When an account is required for clearing. c. When an account has a zero balance. d. When an account is set up as a cost element.

20. At what level is the bank master data stored in SAP S/4HANA?. a. At the client level. b. At the company code level. c. At the company level. d. At the credit control area level.

21. Which parameters can you specify directly when you create a new correspondence type? Note: There are 3 correct answers to this question. a. Account required. b. Document number required. c. Number of date fields required. d. Reason code required. e. Company code required.

22. 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?. a. Define Copy the chart of depreciation and maintain depreciation area. b. Define general ledger accounts per each category of legacy asset. c. Define asset classes and maintain their attributes. d. Configure depreciation keys and calculation keys.

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

24. What is shared between all deployment options for SAP S/4HANA (Cloud, On-Premise)? Note: There are 3 correct answers to this question. a. Data model. b. Upgrade intervals. c. User experience. d. Business scope. e. Code line.

25. How does SAP S/4HANA support the treatment of taxes? Note:There are 3 correct answers to this question. a. It checks the tax codes and automatically updates the tax rates based on changes by the tax authorities. b. It checks the tax amount entered and automatically calculates the tax. c. It posts the tax amount to tax accounts. d. It performs tax adjustments for cash discounts and other forms of deductions. e. It adjusts the tax codes and automatically updates the procedure.

26. You assign currency type 40 to your company code in ledger GL. Which source currency types can you select? Note: There are 2 correct answers to this question. a. Group currency. b. Document currency. c. Company code currency. d. Controlling area currency.

27. Which statements best describe extension ledgers in SAP S/4HANA? Note:There are 2 correct answers to this question. a. Extension ledgers can be assigned their own fiscal year variant. b. Extension ledgers can have different currencies than the underlying ledger. c. Multiple extension ledgers can point to the same underlying ledger. d. Extension ledgers can be assigned their own posting period variant.

28. 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. a. Value date. b. Entry date. c. Posting date. d. Goods receipt date. e. Document date.

29. 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. a. You want to use document splitting for the General Ledger. b. You want to deploy SAP S/4HANA Cloud. c. You want to clean up your system and use SAP Best Practices. d. You want to integrate the system to SAP Cloud Platform.

30. What can you control with the reason code in Accounts Receivable? Note:There are 3 correct answers to this question. a. The type of payment notice sent to a customer. b. The special GL indicator for the down payment. c. The exclusion of disputed residual items from credit limit checks. d. The document type of the payment. e. The account where a residual item is posted.

31. What does the document type control? Note:There are 2 correct answers to this question. a. Which account types are allowed. a. Which account types are allowed for postings. b. Whether negative postings are permitted. c. Whether exchange rate differences are permitted. d. Which posting keys are allowed for postings.

32. For which account can you perform account clearing in SAP S/4HANA?. a. For any GL account defined as reconciliation account. b. For any account that is managed on an open item basis. c. For any balance sheet account. d. For any account that is managed on a line item basis.

33. What are the features of the Accrual Engine in SAP S/4HANA? Note: There are 2 correct answers to this question. a. All currencies of the general ledger are supported. b. Accrual postings with a maximum of two line items are supported. c. All accrual calculations must be reviewed and approved before posting. d. The fiscal year variant of the general ledger is supported.

34. 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. a. Paying company code. b. Payment terms. c. Payment tolerances. d. Bank determination.

35. 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?. a. 1. b. 2. c. 3. d. 4.

36. Which requirements do you need to fulfill to use data aging for Finance in the SAP S/4HANA system? Note: There are 2 correct answers to this question. a. Archive transactional data no longer legally required. b. Add required authorizations for data aging to your role. c. Define the logical file path as a global path for data aging. d. Switch on the data aging business function.

37. 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?. a. Define two valuation areas and two accounting principles with relevant links to ledgers. b. Define two valuation methods and assign the accounting principles to the new valuation methods. c. Define a valuation area and extension ledger to link with the new valuation area. d. Define a valuation area and ledger group for two ledgers to ink with the new valuation area.

38. You want to post journal entries in a special period. Which conditions must be met? Note: There are 2 correct answers to this question. a. You must enter a posting date in the last posting period. b. The special period must be open for posting in the period control. c. The balance carry-forward to the new fiscal year must have taken place. d. The last posting period must be open for posting in the period control.

39. What is the difference between the ledger approach and the accounts approach to parallel valuation in Asset Accounting?. a. In the ledger approach, you assign a ledger group to every depreciation area, unike the accounts approach. b. In the ledger approach, you maintain additional depreciation areas to post the delta valuation of each accounting principle, unike the accounts approach. c. In the accounts approach, you assign a separate set of accounts for each accounting principle, unlike the ledger approach. d. In the accounts approach, you define a technical clearing account for integrated asset acquisitions, unike the ledger approach.

40. You are responsible for configuring document splitting. What are some of the key settings? Note: There are 2 correct answers to this question. a. Field status variant. b. Document number range. c. Business transact on variant. d. Document type.

41. Which of the following is a technical year-end closing activity in SAP S/4HANA?. a. Balance sheet adjustments must be posted. b. Profit center carry-forward must be posted. c. Ledger balances must be carried forward. d. Foreign currency valuation must be posted.

42. 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. a. Specify the company code currency as the base currency. b. Set up the relationship between currencies using translation ratios. c. Maintain exchange rates daily. d. Specify a purpose for the exchange rate type.

43. Which documents are needed to complete the 3-way match in procurement transactions? Note:There are 3 correct answers to this question. a. Purchase requisition. b. Purchase order. c. Invoice receipt. d. Material document. e. Goods receipt.

44. 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?. a. Consolidation group. b. Company code. c. Company. d. Segment.

45. Which of the following steps do you typically perform for a payment run with the automatic payment program? Note: There are 2 correct answers to this question. a. Rank bank accounts for payment. b. Define maximum amounts to be paid per supplier. c. Review the payment proposal exception list. d. Maintain open item select on parameters.

46. Which parameter indicates that a line item can only be dunned with restrictions?. a. Dunning area. b. Dunning group. c. Dunning key. d. Dunning block reason.

47. How can you perform transfers of assets between company codes with different charts of depreciation?. a. Enter depreciation area mapping during intercompany transfer posting. b. Configure the cross-company depreciation areas in Customizing. c. Assign the group chart of depreciation to the relevant fixed assets. d. Correct the depreciation area assignment in the asset master record after posting.

48. Which of the following should you consider when defining asset number ranges? Note: There are 2 correct answers to this question. a. Each asset number range must be assigned to a unique asset class. b. Each asset class can have either an internal or external number range. c. Asset number ranges are defined at chart of depreciation level. d. Asset number ranges are defined for asset classes and are company code specific.

49. Which date is used to determine the depreciation start date?. a. Posting date. b. Document date. c. System date. d. Value date.

50. Which fields of a financial accounting document influence the automatic payment program? Note: There are 3 correct answers to this question. a. Payment method. b. Payment block. c. Payment type. d. Invoice reference. e. Terms of payment.

51. How does the system determine the correspondence type of a payment notice?. a. According to the reason code, as long as all the tolerance groups carry the same correspondence type. b. According to the reason code, as long as all the reason codes carry the same correspondence type. c. According to the tolerance group, as long as all the reason codes carry the same correspondence type. d. According to the tolerance group, as long as all the tolerance groups carry the same correspondence type.