What archiving step must precede archiving a supplier invoice posted directly to FI? Archive FI transaction figures Perform compression run Archive accounts payable master data Archive data in CO .
How can you ensure that users use the new tax codes when entering tax relevant documents starting next year? Create a validation that issues an error when the user uses a deprecated VAT code when entering documents with a posting date in the new year. Enter the new tax codes as default for users who have authorization to post general ledger transactions after balance carry forward is done. Enter the appropriate new VAT code in the tax category field of the relevant expense and revenue G/L accounts after balance carry forward is done. Create a substitution that changes the deprecated VAT code to the relevant new one when entering documents with a posting date in the new year. .
How can you create an asset under construction? Note: There are 2 correct answers to this question. Automatically, when creating an investment measure Manually (transaction AS01), using a specific asset class Automatically, when settling capex costs from a WBS element Automatically, when settling capex costs from an internal order .
What are prerequisites for the 3-way match to work in procurement transactions? Note: There are 2 correct answers to this question. Invoice receipt posted in reference to the purchase order Goods receipt posted in reference to the purchase order Invoice receipt posted before the goods receipt Goods receipt posted before the invoice receipt .
You perform foreign currency valuation for open items of your supplier accounts. The valuations will be used only for period end reporting and should then be reversed. What account does the system use to post the valuation differences? Individual supplier accounts with special G/L indicator Alternative reconciliation G/L account Supplier reconciliation G/L account Adjustment G/L account for foreign currency .
Which parameters can you specify directly when you create a new correspondence type? Note: There are 3 correct answers to this question. Company code required Reason code required Document number required Account required Number of date fields required .
What are some features of SAP HANA? Note: There are 2 correct answers to this question SAP HANA is built on a hierarchical data model architecture SAP HANA is optimized to work with aggregates and index tables SAP HANA allows transactional and analytical processing from the same tables SAP HANA is optimized to organize data using column stores.
Besides using the profit center, which options does General Ledger Accounting with document splitting provide to assign a segment to the posting line? Note: There are 2 correct answers to this question. Standard account assignment using constants Assignment of default segments to G/L accounts Definition of validation rules BAdI implementation (FAGL_DERIVE_SEGMENT) .
For which account can you perform account clearing in SAP S/4HANA? For any G/L account defined as reconciliation account For any account that is managed on an open item basis For any account that is assigned to a financial statement version For any balance sheet account managed on a line item basis .
Which of the following are valid settlement receivers when you perform settlement for an asset under construction on a line-item basis? Note: There are 2 correct answers to this question. Functional area Cost center Profit center Fixed asset .
Which of the following should you consider when defining asset number ranges? Note: There are 2 correct answers to this question. Asset number ranges are defined for asset classes and are company code specific Each asset number range must be assigned to a unique asset class Each asset class can have either an internal or external number range Asset number ranges are defined at chart of depreciation level.
What do you define when configuring asset classes? Note: There are 3 correct answers to this question Posting keys Transaction types Screen layout rules Number ranges Account determination .
You are responsible for configuring document splitting. What are some of the key settings? Note: There are 2 correct answers to this question Field status variant Document number range Document type Business transaction variant .
You need to post customer invoices via interface from a non-SAP system. You want to define a new document type with a specific document number range that matches the document numbers of the source system. How do you define the document number range? You must use internal number assignment You can use internal or external number assignment You must use external number assignment You can use internal or external number assignment, but it has to be continuous.
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 Callup point Check statement Prerequisite statement Substitution values .
What items are NOT cleared by the automatic clearing program? Note: There are 3 correct answers to this question. Items with sales and use tax Items with value-added tax Noted items Statistical postings Items with withholding tax .
You are asked to explain how assets under construction work in SAP S/4HANA. What should you highlight? Note: There are 2 correct answers to this question It is 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 credit memos, even after assets under construction are fully capitalized It is possible to post special tax depreciation and investment support for assets under construction.
Which of the following statements best describes how customer down payments are integrated with Sales & Distribution (SD) A down payment request is created as an FI noted item, which automatically generates an SD sales order A down payment request is created as an SD billing document, which is automatically posted in FI as a noted item A down payment request is created as an FI noted item, which automatically generates an SD billing document A down payment request is created as an SD sales order, which is automatically posted in FI as a noted item.
You forgot to add a new general ledger account to the financial statement version. What impact does this have on the net profit and net loss? The balance of the new account is added to the non-assigned section and is 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 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.
How does an automatic intercompany asset transfer work It determines the relationship type automatically, using the company ID It assumes that the transfer happens between two independent legal entities It does NOT allow a transfer to happen within a single legal entity It determines the relationship type automatically, using the company code.
You assign currency type 40 to your company code in ledger 0L. Which source currency types can you select? Note: There are 2 correct answers to this question Controlling area currency Document currency Company code currency Group currency .
Which statements best describe a profit center? Note: There are 2 correct answers to this question It is an object for which separate balance sheet and P&L statements are created only when used in conjunction with segments It is an object for which separate balance sheet and P&L statements can be created, whether segments are being maintained or not It is the only object that can be uniformly derived using segments It is the only object from which segments can be uniformly derived.
What can you control with the reason code in Accounts Receivable? Note: There are 3 correct answers to this question. The type of payment notice sent to a customer The exclusion of disputed residual items from credit limit checks The document type of the payment The account where a residual item is posted The special G/L indicator for the down payment .
Your SAP S/4HANA system is integrated with controlling. You perform cost-of-sales accounting and you report your profit and loss per profit center. When posting a supplier invoice to a primary cost account, which field is mandatory by standard procedures? Business area Functional area Profitability segment Segment .
Which statements best describe extension ledgers in SAP S/4HANA?Note: There are 2 correct answers to this question. Multiple extension ledgers can point to the same underlying ledger Extension ledgers can have different currencies than the underlying ledger Extension ledgers can be assigned their own fiscal year variant Extension ledgers can be assigned their own posting period variant.
In your system, you currently perform manual outgoing payments, and you want to use the automatic payment program. Which new settings must you maintain as part of the configuration of the automatic payment program? Note: There are 2 correct answers to this question. Payment terms Bank determination Payment run Paying company codes .
Which prerequisites must be fulfilled to allow for negative postings of journal entries? Note: There are 2 correct answers to this question. The posting key must allow negative postings The reversal reason must be configured to allow negative postings The reversal accounts must be configured to allow negative postings The company code must allow negative postings.
What are the features of the Accrual Engine in SAP S/4HANA?Note: There are 2 correct answers to this question The fiscal year variant of the general ledger is supported All currencies of the general ledger are supported All accrual calculations must be reviewed and approved before posting Accrual postings with a maximum of two-line items are supported.
You define custom currency type Z1 for your company code. Which currency types must be stored in the Data Entry view? Note: There are 2 correct answers to this question. Document currency Global currency Custom currency type Z1 Company code currency .
To use the SAP Financial Closing cockpit, which steps are required? Note: There are 3 correct answers to this question Create a template Define the person responsible for tasks Release the task list Define task dependencies Create task groups.
What is shared between all deployment options for SAP S/4HANA (Cloud, On-Premises)? Note: There are 3 correct answers to this question. User experience Code line Data model Upgrade intervals Configuration options .
What are key reasons for preferring a new implementation of SAP S/4HANA rather than a system conversion from SAP ERP? Note: There are 2 correct answers to this question You want to integrate the system with SAP Business Technology Platform You want to use document splitting for the General Ledger You want to deploy SAP S/4HANA Cloud You want to clean up your system and use SAP Best Practices.
Which of the following is a technical year-end closing activity in SAP S/4HANA? Foreign currency valuation must be posted Ledger balances must be carried forward Balance sheet adjustments must be posted Accruals must be posted.
Which field can you change on a posted invoice? Tax code Baseline date Special G/L indicator Statistical internal order Question .
In your SAP S/4HANA system, you report financial values for two 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? 1 2 3 4.
You have been asked to set up house banks as part of the implementation. What information do you need? Note: There are 3 correct answers to this question. Bank control key Payment method Bank master data Company code General ledger account .
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. Maintain exchange rates daily Specify a purpose for the exchange rate type Specify the company code currency as the base currency Set up the relationship between currencies using translation ratios.
How can you define a matching method for intercompany reconciliation? It can be automatically determined by a user exit It must be defined as master data It can be either defined as master data or as configuration It must be defined as configuration .
Which parameter indicates that a line item can be dunned only with restrictions Dunning key Dunning grouping Dunning block reason Dunning area .
You are starting the fiscal year-end process in Asset Accounting in SAP S/4HANA. What are the year-end closing program checks for Asset Accounting? Note: There are 2 correct answers to this question Posting periods are closed for asset G/L accounts The fixed asset fiscal year change is complete Asset master data is complete and without errors Depreciation is posted in full for all assets.
How does the system perform the normal reversal of a journal entry? It creates an inverse posting by resetting the transaction figures It creates an inverse posting by increasing the transaction figures It creates an inverse posting by decreasing the transaction figures It creates an inverse posting by resetting the transaction figures for cleared documents.
Which closing activities are performed for external reporting as per SAP best practices? Note: There are 3 correct answers to this question Perform valuations of open items in foreign currency Perform flat rate value adjustment for receivables Regroup receivables and payables on the balance sheet Run plan assessment cycles for profit centers Perform a top-down distribution in margin analysis.
Which characteristic maps the business partner to the customer and supplier account groups Business partner account group Business partner role Business partner view Business partner grouping .
What are the maintenance levels of a screen layout rule for asset master data? Note: There are 3 correct answers to this question Main asset number Group asset Asset sub number Asset class Depreciation area .
You are configuring asset-related postings of depreciation areas in Asset Accounting for a company code that uses the ledger approach to parallel valuation. Which of the following settings would lead to an error? Area does not post Area posts depreciation only Area posts in real time Area posts APC immediately, depreciation periodically .
On which levels can you maintain field status controls for business partners (BP)?Note: There are 2 correct answers to this question Company code BP role BP type BP category .
Which of the following steps do you typically perform during a payment run with the automatic payment program? Note: There are 2 correct answers to this question. Maintain open item selection parameters Define maximum amounts to be paid per supplier Rank bank accounts for payment Review the payment proposal exception list.
For which special G/L indicator do you specify a target special G/L indicator? Vendor down-payment request Customer down-payment Bill of exchange Guarantee given .
What does the document splitting function do? Note: There are 2 correct answers to this question It ensures that you can create complete financial reports per profit center if it is required by the business It enriches all customer and vendor line items with the defined splitting characteristics in the relevant subledgers It enriches all relevant balance sheet account lines with the defined splitting characteristics It enables the automatic creation of additional posting documents for each defined splitting characteristic.
How does the system determine the correspondence type of a payment notice? According to the tolerance group, as long as all tolerance groups carry the same correspondence type According to the tolerance group, as long as all reason codes carry the same correspondence type According to the reason code, as long as all reason codes carry the same correspondence type According to the reason code, as long as all tolerance groups carry the same correspondence type .
Which of the following closing activities is a so-called technical closing step? Perform valuations of open items in foreign currency Process purchase order accruals Close the previous period in Materials Management (MM) Perform asset depreciation run .
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 Value date Posting date Entry date Document date Goods receipt date .
What dunning-related data do you maintain on the business partner master record? Note: There are 2 correct answers to this question Dunning interval Dunning block Dunning area Dunning key .
You want to configure the tax calculation procedures. What are the main elements you need to define? Note: There are 3 correct answers to this question Condition type Tax code Tax category Sequence of steps Account key .
In your SAP S/4HANA system, you want to archive the G/L accounts that are not used by the business in any company code. What are prerequisites to archiving all data of a G/L account? Note: There are 3 correct answers to this question. Set the deletion flag in the company code data of the G/L account Set the deletion flag in the chart of accounts data of the G/L account There are no transaction figures for the account Transaction figures are older than a customizable amount of years The account is not used in any automatic account determination.
A general ledger account is defined with the account type "Nonoperating Expense or Income". Where can this account be used? Profit and loss account that is used in margin analysis Profit and loss account that is used in profit center accounting Profit and loss account that is used in overhead management accounting Profit and loss account that is used in margin analysis and profit center accounting .
You must run the foreign currency valuation for both US GAAP and IFRS, which leads to different values for the two different accounting principles. How can you set this up in the system? Define two valuation areas and two extension ledgers with relevant links to accounting principles. Define two valuation areas and two accounting principles with relevant links to ledgers. Define two valuation methods and assign the accounting principles to the new valuation methods Define two valuation methods and assign the ledger groups to the new valuation methods.
Which steps are required to create a substitution in Financial Accounting? Note: There are 3 correct answers to this question Define the substitution rule with its different steps using the formula editor Assign the substitution rule to the controlling area Select the correct call-up point Specify an authorization group Select Activation Level 2.
Which of the following statements are valid for financial document number ranges? Note: There are 3 correct answers to this question The same financial document number range can be assigned to several document types Financial document number ranges are defined only at company code level Financial document number ranges defined at the client level should NOT overlap All financial document number ranges can contain numbers and/or letters Financial document number ranges must be defined for the year in which they are used.
You are a group cash manager interested in the North American business market. What are the personalization options available to you in SAP Fiori? Note: There are 2 correct answers to this question You can create a tile to take you directly to the cash position of the North American business market You can manage user access to relevant apps for your team without help from an administrator You can adapt the launchpad 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.
How do you configure depreciation areas in SAP S/4HANA?Note: There are 2 correct answers to this question Ensure a ledger group is assigned to each accounting principle Assign depreciation area 01 to the leading ledger Assign each accounting principle to a depreciation area Ensure all depreciation areas always post to the general ledger.
You want to post journal entries in a special period. Which conditions must be met? Note: There are 2 correct answers to this question The special period must be open for posting in the period control The balance carry-forward to the new fiscal year must have happened The last posting period must be open for posting in the period control You must enter a posting date in the last posting period.
Which elements define the integration of asset acquisitions with the general ledger? Note: There are 2 correct answers to this question Depreciation Area Asset Class Valuation Area Depreciation Keys .
What is the difference between the ledger approach and the accounts approach to parallel valuation in Asset Accounting Unlike the accounts approach, in the ledger approach, you assign a ledger group to every depreciation area Unlike the ledger approach, in the accounts approach, you define a technical clearing account for integrated asset acquisitions Unlike the accounts approach, in the ledger approach, you maintain additional depreciation areas to post the delta valuation of each accounting principle Unlike the ledger approach, in the accounts approach, you assign a separate set of accounts for each accounting principle.
What does the document type control? Note: There are 3 correct answers to this question Whether negative postings are permitted Whether postings to special periods are permitted Which account types are allowed for postings Whether postings to secondary cost accounts are permitted Which posting keys are allowed for postings .
What are some of the benefits of how data is handled in SAP S/4HANA?Note: There are 2 correct answers to this question. The data is aggregated in real time from any line item table The data is constantly auto-archived to optimize memory usage The data is available in real time at line item detail The data is summarized into higher levels of aggregates to accelerate system performance.
Which information is part of the Bank Master Data? Note: There are 2 correct answers to this question Information for electronic payment transactions Data Medium Exchange (DME) details Control data Address details .
You want to edit a dunning proposal. Which actions can you perform? Note: There are 3 correct answers to this question Raise the dunning level of an account Block a line item Lower the dunning level of an item Change a document Block an account.
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? Define a depreciation area to transfer all the legacy data Define depreciation areas for each category of legacy asset Configure depreciation keys and calculation keys Define asset classes and maintain their attributes.
When is it possible to set the open item management indicator in a general ledger account? Note: There are 2 correct answers to this question When an account is set up as a balance sheet account When an account is set up as a secondary cost element When an account has a zero balance When an account is set up as a reconciliation account .
What are the characteristics of a company in SAP S/4HANA? Note: There are 2 correct answers to this question It represents separate areas of operation within an organization It can be assigned to a company code It is considered for consolidation It is responsible for costs and revenues within an organization.
How does SAP S/4HANA support the treatment of taxes? Note: There are 3 correct answers to this question It checks the tax codes and automatically updates the tax rates based on changes by the tax authorities It performs tax adjustments for cash discounts and other forms of deductions It posts the tax amount to tax accounts It checks the tax amount entered and automatically calculates the tax It adjusts the tax codes and automatically updates the procedure.
Which fields of a financial accounting document influence the automatic payment program? Note: There are 3 correct answers to this question. Payment method Payment transaction Payment type Terms of payment Baseline date .
What is the recommended organizational unit for cost of sales accounting? Segment Functional area Profit center Controlling area .
You are getting ready to post your first simple general ledger document using the SAP Fiori app for posting in a test environment. What configuration items do you need to set up to post a simple document? Note: There are 2 correct answers to this question. Line item text templates must be maintained Number range and document types must be maintained The posting period variant must be created and assigned Automatic account determination must be maintained.
You post a purchase order. For which expenses does the system calculate accruals? Note: There are 2 correct answers to this question Consulting services Fixed asset purchases Raw material purchases Insurance premiums .
Which of the following statements best describe a noted item? Note: There are 2 correct answers to this question It can be accessed by the payment program It updates the subledger and the general ledger It can be used to remind the user about due payments It has an automatic statistical offsetting entry.
You'd like to set up low value asset (LVA) management. What do you need to do? Specify the minimum amount for LVA at three levels: company code, depreciation area and asset class. Define two separate asset classes to manage LVA using individual or collective management Define a base unit of measure for LVA in individual management Specify the maximum amount for LVA at two levels: company code and chart of depreciation.
Which date is used to determine the depreciation start date? Acquisition date Posting date Baseline date Asset value date .
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? Segment Consolidation unit Company Company code .
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