option

Practice

INFO STADISTICS RECORDS
TAKE THE TEST
Title of test:
Practice

Description:
Practice test

Author:
AVATAR

Creation Date:
10/01/2021

Category:
Competitive Exam

Number of questions: 81
Share the Test:
Facebook
Twitter
Whatsapp
TAKE THE TEST
Last comments
No comments about this test.
Content:
You are responsible for implement 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 S44HANA? Define asset classes and maintain their attributes Configure depreciation keys and calculation keys Define general ledger accounts per each category of legacy data Copy chart of depreciation and maintain depreciation areas.
Which steps are required to create a substitution in Financial Accounting? There are 3 correct answers to the question. Choose the area of application G Activate the substitution rule Define the substitution rule with the difference steps using the formula editor Assign the substitution rule to the controlling area select the correct the call up point .
What dunning-related data do you maintain on the business partner master record? There are 2 correct answers to the question Dunning key Dunning Block dunning area dunning level.
What is the purpose of the chart of depreciation? The chart of depreciation defines the asset classed for which you can create fixed assets The chart of depreciation is a reporting tool that structures your assets for hierarchical Reporting The chart of depreciation manages the country specific legal valuation of fixed asset The chart of depreciation substitutes the operational chart of accounts in asset-related Postings .
Which elements define the integration of asset acquisitions to the general lender? There are 2 correct answers to the question Valuation area Depreciation keys Depreciation area Asset Class.
What does the document splinting functionality do? It enriches all profit and loss account lines with the defined splitting characteristics It enriches all secondary cost element account lines with the defined splitting Characteristics It enriches all revenue account lines with the defined splitting characteristics it enriches all relevant balance sheet account lines with the defined splitting characteristic .
You are asked to explain how assets under construction work in SAP S44HANA. What should you highlight? There are 2 correct answers to the 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 special tax depreciation and investment support for asset under construction it is possible to post credit memos, even after asset under construction are fully Capitalized .
You are getting ready to post your first simple general ledger document using the SAP Fiori app for posting a test environment. What configuration items do you need to set up to post a simple document? There are 2 correct answers to the question Posing period variant must be created and assigned Number range and document types must be maintained Tax types and tax codes must be maintained line item text templates must be maintained.
You must run the foreign currency valuation for both US AAP and IFRS, which leads to different values for the two different accounting principles How can you set this up in the system? Define a valuation area and extension ledger to link with the new valuation area. Define a valuation area and ledger group for two ledgers to link with the new valuation area. Define a valuation area and two accounting principles with relevant links to ledgers Define two valuation methods and assign the accounting principles to the new valuation method. .
Which of the following steps do you typically perform for a payment run with the automatic payment program? There are 2 correct answers to the question Define maximum amounts to be paid per supplier Maintain open item selection parameters Review the payment proposal exception list Rank bank accounts for payment.
What are some of the benefits of the data handing in SAP S44HANA? There are 2 correct answers to the question. The data is available in real time at the line item details the data is aggregated on the fly from any line item table 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.
Which business partner characteristic is mapped to the customer and supplier account groups Business partner grouping Business partner role Business partner type Business partner category.
Which closing actives are performed for eternal reporting as per SAP best practices? There are 2 correct answers to the question Run plan assessment cycles for profit centers Update product cost estimates with standard centers. Perform valuation of open items in foreign currency Reclassify receivables and payables .
What is shared between all deployment options for SAP S44HANA (Cloud, On-Premise)? Note: There are 3 correct answers to this question Code line Business scope Data model User experience Upgrade intervals.
You want to edit a dunning proposal. Which actions can you perform? There are 3 correct answers to the question Change a document Block a line item Lower the dunning level of an item Block an account Change the dunning data of an account.
You perform foreign currency valuation for open item of your supplier accounts. The valuations will be used only for period end reposting and should then be reversed. What account does the system use to post the valuation differences? Adjustment account for foreign currency. Supplier reconciliation G account Individual supplier account with special G indicator. Statistical FOREX noted item account.
What can you control with the reason code in Accounts Receivable? Note: There are 3 correct answers to the question The type of payment notice sent to a customer. The document type of the payment. The special GL indicator for the down payment. The account where a residual item is posted. The exclusion of disputed residual item from credit limit checks.
Which requirements do you need to fulfill to use data aging for finance in the SAP S44HANA system? There are 2 correct answers to the question Define the logical file path as a global path for data aging. Switch on the data aging business functions Activate data aging for your company code Add required authorizations for data aging to your role.
You are running an international business and you want to set up separate legal entities to run operations and perform accounting actives. Which organization unit do you need to create for each legal entity? Segment Company code Controlling area Company.
After you collect data in the intercompany reconciliation tool, what are the next steps of the reconciliation process? 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. Post the correction documents 2. Store the data 3. Present reconciled and non-reconciled data 4. Communicate differences 1. Present reconciled and non-reconciled data 2. Post the correction documents 3. Store the data 4. Communicate differences .
To use the SAP Financial Closing cockpit, which steps are required? Create task groups Release task list Define person responsible for tasks. Create Template Define task dependencies .
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 the question Payment terms Paying company codes Payment tolerances Bank determination.
You have been asked to set up house banks as part of the implementation. What information do you need? There are 3 correct answers to the question Supplier account General Ledger account Company Code Payment method Bank master data.
Which of the following should you consider when defining asset number range? Note: There 2 are correct answers to the question Assets number ranges are defined at chart of depreciation level. Each asset class can have either an internal or external number range Asset number range are defined for asset classes and company code specific Each asset number range must be assigned to a unique asset class.
What are the maintenance levels of a screen layout rule for asset classes? 3 answers Asset sub number Main asset number Asset class Depreciation area group asset.
You want to post journal entries in a special period. Which conditions must be met? There are 2 correct answers to the question The special period must be open for posing in the period control The balance carry-forward to the new fiscal year must have taken place The last posting period must be open for posting in the period control. You must enter a posing date in the last posing period.
You are configuring asset-related posting of depreciation areas in Asset Accountant. Which of the following settings is not permitted? Area does not post Area posts revolution only Area posts depreciation only Area posts in real time.
You want to configure the tax calculation procedures. What are the main elements you need to define? There are 3 correct answers to the question Tax code Country key Sequence of steps Condition type Account key.
For which special G/L indicator do you specify a target special GL indicator? Vendor down payment request Bill of exchange Customer down payment guarantee given.
What is the recommended organizational unit for cost of sales accounting? Sales area Controlling area Functional area Business area.
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 on the screen layout maintenance page to ensure the inventory number is not copied over when you create a new asset via copy? Remove the main asset indicator Remove the reference indicator Remove the asset class indicator Remove the sub-number indicator.
which of the following is a technical year end closing activity in SAP S44HANA? Foreign currency valuation must be posted. Ledger balance must be carried forward Profit center carry-forward must be posted Balance sheet adjustments must be posted.
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 the question Document date good receipt date Value date Entry date Posing date.
At what level is the bank master data stored in SAP S44HANA? At the company level At the credit controlling area level At the company code level At the client level.
What is the purpose of period interval 3 when you define open and closed periods? posing from CO to FI. posting to special purpose ledger. Authorization control for posting periods posting to special period.
You are responsible for configuring document splitting. What are some of the key settings? There are 2 correct answers to the question Field status variant Document number range Document type Business transition variant .
Which prerequisites must be fulfilled to allow for negative postings of journal entries? There are 2 correct answers to the question The posting key must allow negative postings The reversal accounts must be configured to allow negative postings The company code must allow negative postings The reversal reason must be configured to allow negative postings.
Which of the following statements best described a noted item? There are 2 correct answers to the question It can be used to remind the user about the due payments It has an automatic statistical offset entry It can be accessed by the payment program It updates the sub ledger and the general ledger.
Which date is used to determine the depreciation start date? Document date posting date Value date System date.
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 the question. Profit Center Functional area Fixed asset Cost center.
What are some features of SAP S44HANA? There are 2 correct answers to the question SAP HANA is built on a hierarchical data model architecture SAP HANA allows transactional and analytical processing of the same table SAP HANA is optimized to work with aggregates and index tables SAP HANA as optimized to organize data using column stores.
Which parameter indicates that a line item can only be dunned with restrictons? Dunning key dunning grouping dunning area dunning block reason.
You want to create a substitution in Finance Accounting. Which parts do you have to define for each step of substitution? There are 2 correct answers to the question Prerequisite Message Replacement Check.
You define custom currency type Z1 for your company code. Which currency types must be stored in the Data Entry view? There are 2 correct answers to the question Object currency Company code currency Custom currency type Z1 Document currency.
Which statements best describe a profit center? There are 2 correct answers to the question 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 the only object that can be uniformly derived using segments It is an element for which separate balance sheet and P&L statements can be created.
How does the system determine the correspondence type of a payment notice? According to the tolerance Group, as long as all the tolerance Group carry the same Correspondence type According to the tolerance group, as long as all the reason codes carry the same correspondence type According to the reason code, as long as all the reason codes carry the same correspondence type According to the reason code, as long as all the tolerance group carry the same correspondence type.
Which field can you change on a posted invoice? Payment terms Special G/L indicator Cost center Tax code.
You need to define a new document type with a specific document number range to post customer invoices via interface from non-SAP system. How would you define the document number range? You have to use continuous number assignment You can use internal, external, or continuous number assignment You have to use internal number assignment You have to use external number Assignement .
You assign currency type 40 to your company code in ledger 0L. Which source currency types can you select? There are 2 correct answers to the question Controlling area currency Company code currency Document currency Group currency Company code currency and Group currency.
In customizing, at which level can you assign the print program to the correspondence type? Note: There are 2 correct answers to the question At business partner level At client level At company code level At system level.
Besides using profit center, which option does general ledger accounting with document splinting provide to assign a segment to the posting line? Note: There are 2 correct answers to the question Configuration of the deration logic with deration sequence and steps Standard account assignment using constants BAdi implementation (FAGL_DERIVE_SEMENT) Definition of validation rules.
How do you identify an asset as an asset under construction? The asset capitalization date is empty . The asset is assigned to NO depreciation area The ordinary depreciation start date is empty The asset belongs to a specific asset class.
You are a group cash manner interested in the North American business market. What are the personalization options available to you in SAP Fiori? There are 2 correct answers to the question You can manage user access to relevant apps for the Norah American accounts payable group that reports to you You can create a tile group with all the apps required for your daily business for easy access. You can adapt the Launchpad color theme according to predefined values for the cash report You can create an app to take you directly to the cash positon of the North American business .
Which of the following statement best describe 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 sales order, which is automatically posted in FI as a noted item. 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.
On which levels can you maintain field status controls for business partners (BP)? There are 2 correct answers to the question BP type Company code BP category BP role.
Which fields of a financial accounting document influence the automatic payment program? There are 3 correct answers to the question Payment method Payment advice Payment term Payment block Payment type.
What do you need to do to configure a new exchange rate type in SAP S44HANA? There are 2 correct answers to the question Set up the relationship between currencies and transition ratios Specify the company code currency as the base currency. Maintain exchange rates daily Specify a purpose for the exchange rate type.
In your SAP S44HANA 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? 1 2 3 4.
For which account can you perform account clearing in SAP S44HANA? For any account that is managed on a line item basis. For any GL account defined as reconciliation account. For any balance sheet account. For any account that is managed on an open item basis.
Which statement best describes extension lenders in SAP S44HANA? There are 2 correct answers to the question Multiple extension ledgers can point to the same underlying ledger. Extension lenders can have different currencies than the underlying ledger. Extension ledgers can be assigned their own posing period variant Extension lenders can be assigned their own fiscal year variant.
How do you configure depreciation areas in SAP S44HANA? There are 2 correct answers to the question 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 Assign a ledger group to each depreciation area.
What does the document type control? There are 2 correct answers to the question. Which account types are allowed for postings Which posting keys are allowed for postings Whether exchange rate difference is permitted Whether negative postings are permitted.
What do you define when configuring asset classes? There are 3 correct answers to the question. Screen layout rules posting keys Financial statement version Account determination Number ranges.
How can you perform transfers of assets between company codes with different charts of depreciation? Enter depreciation are mapping during intercompany transfer posting Configure the cross – company depreciation area in customizing Correct depreciation area assignment in the asset master record after posting Assign the group chart of depreciation to the relevant field assets.
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? 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.
Which documents are needed to complete the 3-way match in procurement transactions? There are 3 correct answers to the question Purchase requisition Purchase order Material document Good receipt Invoice receipt.
What items are NOT cleared by the automatic clearing program? There are 3 correct answers to the question Items with withholding tax Statistical postings Item with sales and use tax Item with value added tax Noted items.
What are the features of the Accrual Engine in SAP S44HANA? There are 2 correct answers to the question The FI reversal in NOT supported 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.
How does the system perform normal journal entry reversals? It creates the inverse posting of a cleared document before reversal it. It creates an inverse posting by increasing the transaction figures. It creates a transfer posting by reset the transaction figures It creates an inverse posting by resetting the transaction figures.
Which of the following statements are valid for financial document number ranges? There are 3 correct answers to the question All financial document number ranges can contain numbers and/or letters Financial document number ranges defined at client level should NOT overlap The same financial document number range can be assigned to several document types Financial document number ranges must be defined for the year in which they are used Financial document number ranges are defined at company code level.
How does SAP S44HANA support the treatment of taxes? There are 3 correct answers to the question. It posts the tax amount to tax accounts It performs tax adjustments for cash discount and other forms of deductions It checks the tax amount entered and automatically calculates the tax It performs the adjustment to the tai codes and automatically updates the procedure It checks the tax codes and automatically updates the tai rates based on channels by the Tax authorities .
What is the difference between the ledger approach and the accounts approach to parallel valuation in Asset Accounting? In the ledger approach, you assign a ledger group to every depreciation area, unlike the accounts approach In the accounts approach, you assign t completely separate set of accounts for each Accounting principle, unlike the ledger approach. In the accounts approach, you define a technical clearing account for integrated asset acquisition, 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 .
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? 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 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 included in the Calculation .
Your SAP S44HANA 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? Segment Cost center Business area Functional area.
You post a purchase order. For which expenses does the system calculate accruals? There are 2 correct answers to the question Filed Asset Purchases Insurance premiums Raw material purchases. Consulting services.
What are the characteristics of a company in SAP S44HANA? There are 2 correct answers to the question . It is responsible for costs and revenues within an organization It can be assigned to a company code It can considered for consolidation It represents separate areas of operation within an organization.
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? Cost of sales accounting Document line Complete document Document header.
What are key reasons for preferring a new implementation of SAP S44HANA rather than a system conversion from SAP ERP? There are 2 correct answers to the question. You want to use document splitting for the General Ledger. You want to integrate the system to SAP Cloud platform. You want to clean up your system and use SAP Best Practices. You want to deploy SAP S/4HANA Cloud.
Which parameters can you specify when you create a new correspondence type? There are 3 correct answers to the question. Document number required Company code required Account required Number of date fields required Reason code required.
Where is the billing document created? Sales order Accounting Material Management Financial Accounting.
When can you set the open item management indicator in a G/L account? there are 2 correct answers When account is required for clearing when account is used for reconciliation account When account has zero balance When account is setup with cost element.
Report abuse Terms of use
HOME
CREATE TEST
INFO
STADISTICS
RECORDS
Author's Tests