Which statement best describes the normal reversals functionality? Executes an inverse posting by increasing the transaction figures. Executes a transfer posting by resetting the transaction figures. Executes the inverse posting of a cleared document before resetting it. Executes an inverse posting by resetting the transaction figures.
What is the purpose of period interval 3 when you define open and closed periods? It is used for posting from CO to FI. It is used for the authorization object for posting periods. It is used for period lock in special purpose ledger. It is used for special period posting.
Which standard currency types must be used when configuring the currency settings for company codes?
There are TWO correct answers to this question. Controlling area currency Company code currency Document currency Group currency.
You have been asked to set up house banks as part of the implementation. What information do you need?
There are THREE correct answers to this question. Company code General ledger account Bank master data Payment method Supplier account.
Which elements define the integration of asset acquisitions to the general ledger?
There are TWO correct answers to this question. Asset class Depreciation area Depreciation keys Valuation area.
What are some features of SAP HANA?
There are TWO correct answers to this question. SAP HANA allows transactional and analytical processing off the same tables. SAP HANA is optimized to organize data using column stores. SAP HANA is built on a hierarchical data model architecture. SAP HANA is optimized to work with aggregates and index tables.
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. You can only post to the account in CAD, USD, and EUR. You can only post to the account in CAD and USD. You can only post to the account in USD.
When can you set the open item management indicator in a general ledger account?
There are TWO correct answers to this question. When an account is required for clearing When an account is used as a reconciliation account When an account is set up as a cost element When an account has a zero balance.
You need to define a new document type with a specific document number range to post customer invoices via interface from a non-SAP system. How would you define the document number range? You have to use external number assignment. You can use internal, external, or continuous number assignment. You have to use continuous number assignment. You have to use internal number assignment.
What is the order of configuration with in the SAP Financial Closing cockpit? Create template, create tasks, define dependencies, create task list, release task list Create template, create task list, create tasks, define dependencies, release task list Define dependencies, create template, create tasks, create task list, release task list Create task list, release task list, define dependencies, create template, create tasks.
Which attributes should you consider when defining asset number ranges?
There are TWO correct answers to this question. Each asset class can have either an internal or external number range Asset number ranges are defined for asset classes and are company code specific. Asset number ranges are defined at chart of depreciation level. Each asset number range has to be assigned to a unique asset class.
What are some of the benefits of SAP S/4HANA?
There are TWO correct answers to this question. 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 summarized into higher levels of aggregates to help system performance. The data is analyzed after it is extracted and loaded in the reporting system.
Which of the following steps do you typically perform when executing the payment run with the automatic payment program? There are TWO correct answers to this question. Maintain open item selection parameters. Review the payment proposal exception list. Define maximum amounts to be paid per supplier. Rank bank accounts for payment.
How does SAP S/4HANA support the treatment of taxes?
There are THREE correct answers to this question. 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 performs the adjustment to the tax codes and automatically updates the procedure. It checks the tax codes and automatically updates the tax rates based on changes by the tax authorities.
Which field can you change on a posted invoice? Payment terms Tax code Special G/L indicator Cost center.
At which level do you assign the print program to the correspondence type? At company code level only At client level only At system level At client or company code level.
What is the recommended organizational unit for cost-of-sales accounting? Functional area Sales area Business area Controlling area.
Which closing activities are used in external reporting as per SAP best practices?
There are TWO correct answers to this question. Perform valuations of open items in foreign currency. Reclassify receivables and payables. Execute the plan cost center assessment cycle. Update product cost estimates.
SAP S/4HANA is the digital core of the intelligent enterprise. Which applications from the SAP portfolio integrate with SAP S/4HANA to help you perform human resource management?
There are 2 correct answers to this quest ion. SAP Success Factors SAP Fieldglass SAP Ariba SAP C/4HANA.
You are asked to explain the assets under construction functionality in SAP S/4HANA. What should you highlight? There are TWO correct answers to this question. 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. It is possible to calculate and post depreciation in the balance sheet depreciation area for assets under construction. It is impossible to use assets under construction with Investment Management.
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. Present reconciled and non-reconciled data 2. Post the correction documents. 3. Store the data. 4. Communicate differences. 1. Post the correction documents. 2. Store the data. 3. Present reconciled and non-reconciled data. 4. Communicate differences.
What items are NOT cleared by the automatic clearing program?
There are 3 correct answers to this question Items with withholding tax Statistical postings Noted items Items with sales and use tax Items with value added tax.
Which parameters can you specify when you create a new correspondence type?
There are THREE correct answers to this question. Document number required Number of date fields required Account required Reason code required Company code required.
What is the purpose of the chart of depreciation? The chart of depreciation facilitates country-specific legal valuation of fixed assets. The chart of depreciation substitutes the operational chart of accounts in asset-related postings. The chart of depreciation is a reporting tool that structures your assets for hierarchical reporting. The chart of depreciation defines the asset classes for which you can create fixed assets.
Which of the following are valid settlement receivers when you perform settlement for an asset under construction on a line item basis?
There are TWO correct answers to this question. Fixed asset Cost center Profit center Functional area.
You want to configure the tax calculation procedures. What are the main elements you need to define?
There are 3 correct answers to this question Condition type Sequence of steps Account or transaction key Tax code Country key.
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 to ensure the inventory number is NOT copied over when you create a new asset via copy? Remove the reference indicator in screen layout maintenance. Remove the subnumber indicator in screen layout maintenance. Remove the main asset indicator in screen layout maintenance. Remove the asset class indicator in screen layout maintenance.
What are the features of the Accrual Engine in SAP S/4HANA?
There are TWO correct answers to this question. The fiscal year variant of the general ledger is supported. All currencies of general ledger are supported. Complex postings with more than two line items are NOT possible. The FI reversal is NOT supported.
You define custom currency type Z1 for your company code. Which currency types must be stored in the Data Entry view? There are TWO correct answers to this question. Company code currency Document currency Custom currency type Z1 Object currency.
How do you configure depreciation areas in SAP S/4HANA?
There are TWO correct answers to this question. Assign a ledger group to each depreciation area. Ensure depreciation areas always post to the general ledger. Ensure each accounting principle is assigned to a depreciation area. Assign depreciation area 01 to the leading ledger.
You are responsible for implementing 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 S/4HANA? Copy the chart of depreciation and maintain depreciation areas. Configure depreciation keys and calculation keys. Define general ledger accounts per each category of legacy asset. Define asset classes and maintain their attributes.
Which of the following statements are valid for financial document number ranges?
There are THREE correct answers to this question. Financial document number ranges defined at client level should NOT overlap. Financial document number ranges must be defined for the year in which they are used. The same financial document number range can be assigned to several document types. Financial document number ranges are defined at company code level. All financial document number ranges can contain numbers and/or letters.
What do you define when configuring asset classes?
There are THREE correct answers to this question.
Financial statement version Number ranges Screen layout rules Account determination Posting keys.
At what level is the bank master data stored in SAP S/4HANA? At client level At controlling area level At company level At company code level.
You are configuring depreciation areas in Asset Accounting. Which of the following settings is NOT permitted? Area posts revaluation only Area posts depreciation only Area does not post Area posts in real time.
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?
There are TWO correct answers to this question. Assets are complete and error free. Depreciation is posted in full. Fixed asset fiscal year change is complete. General ledger and subledgers are closed.
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 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.
On which database is SAP S/4HANA built to run? Only on SAP HANA On all databases that support columnar data storage On all modern enterprise level databases On a select list of SAP and third-party databases.
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?
There are TWO correct answers to this question. Posting 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.
What are the pillars of the SAP Fiori user experience paradigm?
There are THREE correct answers to this question. Vibrant Role-based Responsive Simple User-based.
Which business partner characteristic is mapped to the customer and supplier account groups? Business partner grouping Business partner type Business partner role Business partner category.
What does the document splitting do? It enriches all relevant balance sheet account lines with the defined splitting characteristics. 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.
Which sequence of steps allows a three-way match in procurement transactions? Purchase order, invoice receipt, goods receipt Purchase order, purchase requisition, invoice receipt Purchase requisition, goods receipt, invoice receipt Purchase requisition, purchase order, goods receipt.
What do you need to do to configure a new exchange rate type in SAP S/4HANA?
There are TWO correct answers to this question. Specify a purpose for the exchange rate type. Set up the relationship between currencies using translation ratios. Specify the direct or indirect quotation. Maintain exchange rates daily.
What dunning-related data do you maintain on the business partner master record?
There are THREE correct answers to this question. Dunning area Dunning block Dunning procedure Dunning interval Dunning key.
Which steps are required to create a substitution in Financial Accounting?
There are 3 correct answers to this question Define the substitution rule with its different steps using the formula editor. Activate the substitution rule. Choose the area of application GL. Select the correct call-up point. Assign the substitution rule to the controlling area.
What are the characteristics of a company in SAP S/4HANA?
There are TWO correct answers to this question. It can be assigned to a company code. It is considered for consolidation. It is responsible for costs and revenues within an organization. It represents separate areas of operation within an organization.
Which of the following procedures are available to check the balance of receivables and payables in balance confirmations? There are THREE correct answers to this question. Balance notification Balance confirmation Balance request Balance adjustment.
You want to edit a dunning proposal. Which actions can you perform to edit a dunning proposal?
There are THREE correct answers to this question. Block an account. Block a line item. Lower the dunning level of an item. Change the dunning data of an account. Change a document.
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 TWO correct answers to this question. Paying company codes Bank determination Payment terms Special G/L indicators.
Which statements best describe extension ledgers in SAP S/4HANA?
There are TWO correct answers to this question. Multiple extension ledgers can point to the same underlying ledger. Extension ledgers can be assigned their own posting period variant. Extension ledgers can have different currencies than the underlying ledger. Extension ledgers can be assigned their own fiscal year variant.
You are responsible for configuring document splitting. What are some of the key settings?
There are TWO correct answers to this question. Business transaction variant Document type Document number range Field status variant.
What are the maintenance levels of a screen layout rule for asset classes? Asset class, main asset number, subnumber Depreciation area, asset class, main asset number, subnumber Asset class, depreciation area, main asset number, group asset Main asset number, subnumber, depreciation area.
Which statements best describe a profit center?
There are TWO correct answers to this question. It is an element for which separate balance sheet and P&L statements can be created. 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.
You want to create a substitution in Financial Accounting. Which parts do you have to define for each step of the substitution? There are TWO correct answers to this question. Prerequisite Replacement Message Check.
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 completely separate set of accounts for each accounting principle, 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. In the accounts approach, you define a technical clearing account for integrated asset acquisitions, unlike the ledger approach. In the ledger approach, you assign a ledger group to every depreciation area, unlike the accounts approach.
For which special G/L indicator do you specify a target special G/L indicator? Vendor down payment request Bill of exchange Guarantee given Customer down payment.
Which edition of SAP S/4HANA introduced the universal journal? SAP Business Suite powered by SAP HANA SAP S/4HANA Finance 1503 SAP S/4HANA 1511 SAP S/4HANA Cloud.
You want to post journal entries in a special period. Which conditions must be met?
There are TWO correct answers to this question. The special period must be open for posting in the period control. You must enter a posting date in the last posting period. You must have specific authorization to post in special periods. The balance carry-forward to the new fiscal year must have taken place.
Which parameter indicates that a line item can only be dunned with restrictions? Dunning key Dunning block reason Dunning grouping Dunning area.
Which fields of a financial accounting document influence the automatic payment program?
There are THREE correct answers to this question. Payment block Payment method Payment term Payment type Payment advice.
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? 2 4 1 3.
How does SAP S/4HANA reduce system complexity and improve system efficiency?
There are TWO correct answers to this question. By providing views of data at runtime from the same source tables By removing application code that deals with aggregates and indexes By providing application code that deals with aggregates and indexes By removing views of data at runtime from the same source tables.
You are posting an incoming payment against an invoice. Which document values does the user tolerance group control?
There are TWO correct answers to this question. The total amount (sum of all line items) allowed to be posted The cash discount amount (absolute value) allowed for a line item The cash discount percentage allowed for the complete document The payment amount allowed for each customer open item.
Which of the following statements best describe a noted item?
There are TWO correct answers to this question. It can be used to remind the user about due payments. It can be accessed by the payment program. It updates the subledger and the general ledger. It has an automatic statistical offsetting entry.
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? Company code Controlling area Company Segment.
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? Cost Center Segment Functional Area Business Area.
What are some of the personalization options available to users in their SAP Fiori launchpad environment?
There are THREE correct answers to this question. Users can add applications from the catalog assigned to them. Users can add applications for filtered report results. Users can remove applications that they do NOT use. Users can add new devices from the catalog assigned to them. Users can remove devices that they do NOT use.
What is the purpose of the reorganization of segments?
There are TWO correct answers to this question. Enables segment reassignments. Enables merge of segments. Enables segment deletion. Enables segment derivation.
On which levels can you maintain field status controls for business partners (BP)?
There are THREE correct answers to this question. Client Company code BP role BP category BP type.
You are a group cash manager interested in the North American business market. What are the personalization options available to you in SAP Fiori?
There are TWO correct answers to this question. You can create access to relevant apps for the North American accounts payable group that reports to you. You can create an app to take you directly to the cash position of the North American business market. You can adapt the Iaunchpad 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 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 THREE correct answers to this question. Entry date Posting date Document date Value date Goods receipt date.
You are configuring accrual types for the accrual engine. For which postings is account determination required?
There are TWO correct answers to this question. Periodic only Opening Posting only Opening and Closing Posting only Closing Posting only.
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? Document line Cost of sales accounting Document header Complete document.
How do you identify an asset as an asset under construction? The asset belongs to a specific asset class. The ordinary depreciation start date is empty. The asset capitalization date is empty. The asset is assigned to No depreciation area.
When can you set the open item management indicator in a general ledger account?
There are 2 correct answer to this question. When an account is required for clearing. When an account is used as a reconciliation account. When an account is set up as a cost element. When an account has a zero balance.
How can you perform transfers of assets between company codes with different charts of depreciation? Configure the cross-company depreciation areas in customizing. Correct depreciation area assignment in the asset record after posting. Assign the group chart of depreciation to the relevant fixed assets. Enter depreciation area mapping during intercompany transfer posting.
What does the document type control?
There are TWO correct answers to this question.
Whether negative postings are permitted Which account types are allowed for postings exchange rate difference is permitted Which posting keys are allowed for postings.
Which prerequisites must be fulfilled before you can use negative postings?
There are TWO correct answers to this question. The company code must permit negative postings. The reversal reason must allow negative postings. The posting key must permit negative posting. The reversal reason must allow alternative posting dates.
Which of the following statements best describe how core data services (CDS) are developed? They are developed in the ABAP layer of the SAP S/4 HANA system by the IT user. They are developed in the ABAP layer of the SAP S/4 HANA system by the Analytics end user. They are developed in the SAP HANA database layer by the IT user. They are developed in the SAP HANA database layer by the Analytics key user.
You have to run the foreign currency valuation for the 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 accounting principles with relevant links to ledges Define a valuation area and ledger group for two ledgers to link with the new valuation area Define two valuation methods and assign the accounting principles to the new valuation methods Define a valuation area and extension ledger to link with the new valuation area
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