What is my name? Ahmad Hudaifa Hussain.
Where can you set the open item management indicator in a general ledger account?
Note: There are two correct answers. When an account is required for clearing. When an account is setup as a cost account. When an account has zero balance. When an account is used as a reconciliation account.
You post a purchase order. For which expenses does the system calculate the accruals?
Note: There are two correct answers. Raw material purchases Insurance premiums Consulting services Fixed asset purchases.
Which statements best describe extension ledgers in SAP S/4 HANA?
Note: There are two correct answers. Extension ledgers can have different currencies then the underlying ledger. Extension ledgers can be assigned their own fiscal year variant. Extension ledgers can be assigned their own posting period variant. Multiple extension ledgers can point to the same underlying ledger.
You are responsible for configuring document splitting. What are some of the key settings?
Note: There are two correct answers. Document type Field status variant Document number range Business transaction variant.
Which of the following statements best describe how customer down payments are integrated with sales and distribution .
Note: There are two correct answers. A down payment request is created as an FI noted item, which automatically generates an SD sales order. A down payment request is created as a SD sales order, which is automatically posted in FI as noted item A down payment request is created as a FI noted item, which automatically generates a SD billing document A down payment request is created as a SD billing document, which is automatically posted in FI as a noted item.
Which closing activities are performed for external reporting as per SAP best practices
Note: There are two correct answers. Re group receivables and payables on the balance sheet. Run plan assessment cycle for profit centers. Update product cost estimates with standard prices. Perform valuations of open items in foreign currency.
How does the system perform normal journal entry reversals
Note: There are two correct answers. (not sure how many answers) It creates a transfer posting by resetting the transaction figures. It creates an inverse posting by increasing the transaction figures It creates an inverse posting of a cleared document resetting it. It creates an inverse posting by resetting the transaction figures.
You want to post journal entries in a special period. which conditions must be met.
Note: There are two correct answers. You must enter a posting date in the last posting period. The last posting period must be open for posting in the period control. The balance carry forwarded to the new fiscal year must have taken place. The special period must be open for posting in the period control.
Which prerequisites must be fulfilled to allow for negative posting of journal entries.
Note: There are two correct answers. The posting key must allow negative posting. The reversal accounts must be configured to allow negative postings The company code must allow negative posting. The reversal reason must be configured to allow negative postings.
Which date is used to determine the depreciation start date. Document date System date Posting date Values date.
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