|Which data is used to determine the depreciation start date ? Asset Value date Baseline date Document Date Posting date.
Which documents are needed to complete the 3 way match in the procurement transaction ? 3 correct answers. Goods Receipt Down payment request Purchase Order Purchase requisition Invoice receipt.
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 ? 2 correct answers. Payment terms Bank Determination Payment blocks Paying Company Codes.
In your SAP S/4 Hana system, you want to archive the GL Accounts that are not used by the business in any company code. What are the pre requisites to archiving all data of a G/L Account ? 3 correct answers. There are no transaction figures for the account Set the deletion flag in the chart of accounts data of the G/L account The blocked for posting indicator is set for the GL Account Transaction figures are older than customizable amount of years Set the deletion flag in the company code data of the G/l Account.
When is it possible to set the open item management indicator in a general ledger account ? 2 correct answers When the account is set up as a balance sheet when the account is set up reconciliation account when an account is set up as a secondary cost element when an account has a zero balance.
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 asset 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.
What dunning related data do you maintain on the business partner master record? 2 correct Answers Dunning Area Dunning Key Dunning Block Dunning interval.
What does the document splitting functionality do ? It enables the automatic creation of an additional posting document in case the original document contains more than 999 line items It enriches all relevant balance sheet account lines with the defined splitting characteristics It enriches all customer and vendors line items with defined splitting characteristics in the relevant sub ledgers It enables the automatic creation of additional posting documents for each defined splitting characteristic.
At what level is the bank master data stored in SAP S/4 HANA ? At the company code level At the financial management (FM) area level At the client level At the system level.
Which elements define the integration of asset acquisitions with general ledger? 2 Correct answers Asset class Valuation Area Depreciation keys Depreciation Area.
How can you perform transfers of assets between company codes with different charts of depreciation ? Ensure the same depreciation areas are used in all charts of depreciation Enter depreciation area mapping during intercompany transfer posting Define a global transfer variant and assign all the depreciation areas to it Configure the cross- company depreciation areas in customizing.
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 prerequisites must be fulfilled to allow for negative postings of journal entries ? 2 correct Answers The posting key must allow negative postings The company code must allow negative postings The reversal accounts must be configured to allow negative postings The reversal reason must be configured to allow negative postings.
How does the system perform the normal reversal of a journal entry? It creates an inverse posting by decreasing the transaction figures It creates the inverse posting of a cleared document before resetting it It creates an inverse posting by increasing the transaction figures It creates an inverse posting by resetting the transaction figures.
Which business partner characteristic is mapped to the customer and supplier account groups ? Business partner Grouping Business partner account grouping Business partner role Business partner type.
In customizing at which level can you assign the print program to the correspondence type ? 2 correct Answers At client level At company code level At business partner level At system level.
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.
After you collect data in the intercompany reconciliation tool, what are the next steps of the reconciliation process ? 1. Post the correction document
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. Present reconciled and non reconciled data
2. Post the correction documents
3. Store the data
4. Communicate Differences 1. Store the data
2. Present reconciled and non - reconciled
3. Post correction documents
4. Communicate differences.
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 Z1 Hard currency Company code currency.
What are the characteristics of a company in SAP S/4 HANA ? 2 correct answers It is responsible for costs and revenues within an organization It can be assigned to a company code It represents separate areas of the operations within an organization It is considered for consolidation.
Which Statement best describe a profit center ? 2 Correct Answers It is an object for which separate balance sheet and P&L statement can be created, Independently from segments being maintained or not It is only object that can be uniformly derived using segments It is an object for which separate balance sheet and P&L statement are created only when used in conjunction with segments It is the object from which segments can be uniformly derived.
Which of the following statements best describe how customers down payments are integrated with Sales & Distribution (SD) ? A Down payment request created is as an F1 noted item, which automatically generates an SD Sale order A Down payment request is created as an SD billing document , which automatically posted in F1 as a noted item 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.
Which of the following steps do you typically perform during a payment run with the automatic payment program ? 2 Correct Answers Maintain open Item selection parameters Rank bank accounts for payment Review the payment proposal exception list Define maximum amounts to be paid per supplier.
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 are responsible for implementing assets 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/4 HANA ? Copy the chart of depreciation and maintain depreciation areas Configure depreciation keys and calculation keys Define classes and maintain their attributes Define a Depreciation area to transfer all the legacy data.
How do you identify an asset master record as an asset under construction ? The asset belong to a specific asset class The ordinary depreciation start date is empty The depreciation key is empty The asset Capitalization date is empty.
You 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 simple document ? 2 Correct Answers Users must be assigned to a tolerance group Number range and document types must be maintained The posting period variant must be created and assigned Line item text templates must be maintained.
You want to post journal entries in a special period which conditions must be met ? 2 Correct Answers You must enter posting date in the last posting period The special period must be open for posting in the period control The last posting period must be open for posting in the period control The balance carry- forward to the new fiscal year must have taken place.
On which levels can you maintain field status controls for business partners (BP) ? 3 Correct Answers BP Role Client BP Type BP Category.
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 are a group cash manager interested in the north American business market. What are the personalization options available to you in SAP FIORI ? 2 Correct Answers You can adapt the launch pad 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 a tile you directly to the cash position of the North American business Market You can manage user access to relevant apps for the North American accounts payable group that reports to you.
Which of the following are valid settlement receivers when you perform settlement for an asset under construction on a line item basis ? 2 Correct Answers Cost center Profit center Fixed asset Functional Area.
You are starting the fiscal year - end process in Asset Accounting in SAP S/4 HANA. What are the year-end closing program checks for Accounting ? 2 Correct Answers Depreciation is posted in full for all assets The fixed asset fiscal year change is complete Posting periods are closed for asset G/L accounts Asset master data is complete and without errors.
What do you need to do to configure a new exchange rate type in SAP S/4 HANA ? 2 Correct Answers Specify a purpose for the exchange rate type Maintain exchange rates daily Specify the company code currency as the base currency Set up the relationship between currencies using transaction ratios.
What is the recommended Organizational unit for cost of sales accounting ? Profit center Functional area Profitability Segment Controlling Area.
Which field can you change on a posted invoice ? Special G/L indicator Payment terms Tax code Cost center.
What items are NOT cleared by the automatic clearing program? 3 Correct answers Items with the value added tax Items with withholding tax Noted items Items with sales and use of tax Statistical postings.
Your SAP S/4 Hana 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 ? Cost Center Business area Functional area Segment.
What is shared between all deployment options for SAP S/4 HANA (Cloud, On - Premise)? 3 Correct answers Code Line Upgrade intervals User experience Data Model Configuration scope.
To use the SAP Financial Closing Cockpit, which steps are required? 3 Correct answers Create a template Define task dependencies Create task groups Define the person responsible for tasks Release the task list.
You want to configure the tax calculation procedures. What are the main elements you need to define ? 3 correct answers Condition type Account key Tax Code Sequence of steps Tax category.
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 account Adjustment G/L account for foreign currency Individual supplier accounts with special G/L indicator Alternative reconciliation G/L account.
Besides using the profit center, which options does general ledger accounting with document spilitting provide to assign a segment to the posting line ? 2 Correct Answers Definition of validation rules Badl implementation (FAGL_DERIVE_SEGMENT) Standard account assignment using constants Assignment of default segments to G/L Accounts.
You are configuring asset related postings of depreciation areas in Asset Accountings for a company code that uses the ledger approach to parallel valuation. Which of the following settings would lead to an error ? Area posts APC immediately, Depreciation Periodically Area posts in real time Area does not post Area posts depreciation only.
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 ? 3 correct answers Document date Value date Posting date Entry date Goods receipt date.
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 up in the system ? Define two valuation areas and two extension ledgers with relevant links to accounting principles 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 two valuation methods and assign the ledger groups to the new valuations methods.
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 this account ? You can only post to the account in CAD and USD You can only post to the account in CAD You can post to the account in any currency and it will be converted into CAD You can only post to the account in CAD, And EUR.
Which of the following statements are valid for financial document number ranges ? 3 correct answers Financial document numbers ranges defined at client level should NOT overlap All financial document number ranges can contain numbers and/or letters 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.
What are the maintenance levels of screen layout rule for asset master data ? 3 Correct Answers Group Asset Asset class Main asset number Asset sub number Depreciation area.
Which parameter indicates that a line can only be dunned with restrictions ? Dunning area Group Key Dunning Block Reason Dunning key.
What can you control with the reason code in Accounts receivable ? 3 Correct answers The type of payment notice sent to a customer The exclusion of disputed residual item from credit limit checks The special G/L indicator for the down payment The document type of the payment The account were a residual item is posted.
What are the features of the Accural Engine in SAP S/4 HANA ? 2 correct answers All accruals 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 Accrual postings with a maximum of two line items are supported.
What are some of the benefits of the data handling in SAP S/4 HANA ? 2 correct answers The data is available in real time at line item detail The data is aggregated on the fly from any line item table The data is constantly auto archived to optimize memory usage The data is summarized into higher levels of aggregates to help system performance.
You need to post customer invoices via interface from 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 can use internal or external number assignment You can use internal or external number assignment, but it has to be continuous You must use external number assignment You must use internal number assignment.
What is the purpose of the period interval 3 when you define open and close periods ? Posting to special periods Posting to special purpose ledger Posting to the extension ledger Posting from CO to FI.
Which fields of a financial accounting document influence the automatic payment program ? 3 Correct answers Payment type Terms of payment Payment method Baseline date Payment transaction.
How do you configure depreciation Area in SAP S/4 HANA ? 2 Correct Answers Ensure all depreciation areas always post to the general ledger Assign a ledger group to each depreciation area. Assign depreciation area 01 to the leading ledger Assign each accounting principle to a depreciation area.
Which of the following statements best describe a noted item? 2 correct answers It updates the sub ledger and the general ledger It can be accessed by the payment program It has an automatic statistical offsetting entry It can be used to remind the user about due payments.
What does the document type control ? 2 correct answers Whether text is required on line item level Which account types are allowed for posting Whether negative postings are permitted Which postings keys are allowed for postings.
Which of the following is a technical year end closing activity in SAP S/4 HANA ? Accruals must be posted Balance sheet adjustment must be posted Ledger balances must be carried forward Foreign currency valuation must be posted.
What is the difference between the ledger approach and the accounts approach to parallel valuation in Asset accounting ? In the accounts approach, you assign a separate set of accounts for each accounting principle, unlike the ledger approach In the ledger approach, you assign a ledger group to every depreciation area, unlike the accounts approach In the ledger approach, you maintain additional depreciation areas to post the delta valuation of each accounting priciple, unlike the accounts approach In the accounts approach, you define a technical clearing account for integrated assets acquistitions, unlike the ledger approach.
You are asked to explain how assets under construction work in SAP S/4 HANA. What should you highlight? 2 Correct answers It is possible to post special tax depreciation and investment support for assets under construction It is possible to use assets under construction with investment Management It is possible to post credit memos, even after assets under construction are fully capitalized It is possible to calculate and post depreciation in the balance sheet depreciation area for assets under construction.
Which steps are required to create a substitution in Financial Accounting ? 3 Correct Answers Define the substitution rule with its different steps using the formula editor Select the correct call up point Activate the substitution rule Choose the area of application GL Assign the substitution rule to the controlling area.
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.
For which special G/L Indicator do you specify a target special G/L indicator ? Guarantee given Bill of exchange Customer down payment Vendor down payment request.
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 notes in the financial statement item section and is included in the calculation The balance of the new account is added to the non - assignment section and is included in the calculation The balance of the new account is added to the non – assignment 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 excluded from the calculation.
What do you define when configuring asset classes ? 3 Correct answers Transactions types Posting key Screen layout rules Account determination Number ranges.
You want to edit a dunning proposal. Which actions can you perform ? 3 Correct answers Block an account Lower the dunning level of an item Change the document Block a line item Raise the dunning level of an account.
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 reason code, as long as all the reason codes carrying the same correspondence type According to the reason code, as long as all the tolerance groups carry the same correspondence type According to the tolerance group, as long as all the reason codes carry the same correspondence type.
Which statements best describe extension ledgers in SAP S/4 HANA ? 2 Correct answers Extension ledgers can be assigned their own fiscal year variant 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 posting period variant.
In your SAP S/4 HANA system, you report financial values for three separate accounting principles, you post an acquisition for an asset that is capitalized in a singe accounting principle. If you use the application to post integrated asset acquisitions, how many documents will the system post ? 3 1 2 4.
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.
You are creating an asset master record by coping another asset, and you notice that the inventory number is copied over. Which setting do you use 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 asset class indicator Remove the sub number indicator Remove the reference indicator Remove the main asset indicator.
You are running an international business and you want to set up separate legal entities to run operations and perform accounting activities. Which Organisation unit do you need to create for each legal entity? Business Area Company code Consolidation unit Company.
For which account can you perform account clearing in SAP S/4HANA? For any account that is assigned to a financial statement version For any account that is managed on an open item basis For any G/L account defined as reconciliation account For any balance sheet account managed on a line item basis.
Which parameters can you specify directly when you create a new correspondence type? Note: There are 3 correct answers to this question Reason code required Number of date fields required Company code required Document number required Account required.
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 statement Call up point Check statement Substitution values/Replacement.
What are some features of SAP HANA? Note: There are 2 correct answers to this question SAP HANA is built on a hieratical 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.
Which closing activities are performed for external reporting as per SAP best practices? Note: There are 2 correct answers to this question Regroup receivables and payables on the balance sheet Run plan assessments cycles for profit centers Update product cost estimates with standard prices Perform valuations of open items in foreign currency.
How does SAP S/4HANA support the treatment of taxes? Note: There are 3 correct answers to this question It checks the tax amount entered and automatically calculates the tax It posts the tax amount to tax accounts 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 It checks the tax codes and automatically updates the tax rates based on changes by the tax authorities.
How does an automatic intercompany asset transfer work? It determines the relationship type automatically, using the company code 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 ID.
How can you create an asset under construction? Note: There are 2 correct answers to this question Automatically, when setting capex costs from a WBS element Automatically, when creating an investment measu Automatically, when setting capex costs from an internal order Manually (transaction AS01), using a specific asset class.
Which closing activities are performed for external reporting as per SAP best practices? Note: There are 3 correct answers to this question Regroup receivables and payables on the balance sheet Perform a top-down distribution in margin analysis Run plan assessment cycles for profit centers Perform flat rate value adjustment for receivables Perform valuations of open items in foreign currency.
How can you define a matching method for intercompany reconciliation It must be defined as master data It can be automatically determined by a user exit It can be either define as master data or as configuration It must be defined as configuration.
Which characteristic maps the business partner to the customer and supplier account groups? Business partner role Business partner grouping Business partner view Business partner account group.
Which of the following closing activities is a so-called technical closing step? Close the previous period in Materials Management (MM) Perform valuations of open items in foreign currency Process purchase order accounts Perform asset depreciation run.
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 before the goods receipt Invoice receipt posted in reference to the purchase order Good receipt posted before the invoice receipt Good receipt posted in reference to the purchase order.
The country that your company code operates in has defined a new VAT tax rate percentage of 15%, which will become effective at the start of the next fiscal year. You create the new VAT codes O5 and 15 to cover this requirement. How can you ensure that users use the new tax codes when entering tax relevant documents starting next year? 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 Create a validation that issues an error when the user uses a deprecated VAT code 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.
You’d like the set up low value asset (LVA) management .What do you need to do? Define a base unit of measure for LVA in individual management Specify the maximum amount for LVA at two level: company code and chart of depreciation Define two separate asset classes to manage LVA using individual or collective management Specify the minimum amount for LVA at three levels: company code, depreciation area and asset class.
What does the document type control? Note: There are 3 correct answers to this question Which account types are allowed for postings Whether postings to special periods are permitted Whether negative postings are permitted Whether postings to secondary cost accounts are permitted Which posting keys are allowed for postings.
What archiving step must precede archiving a supplier invoice posted directly to FI? Archive data in CO Perform compression run Archive FI transaction figures Archive accounts payable master data.
Which information is part of the Bank Master Data? Data Medium Exchange (DME) details Control data Address details Information for electronic payment transactions.