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S4 FI - 1

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Title of test:
S4 FI - 1

Description:
Test S4FI

Author:
Me
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Creation Date:
21/11/2020

Category:
Others

Number of questions: 80
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Content:
What is the maximum number of steps possible in validation? 99 199 566 999.
Identify the fields that can NOT be changed while changing parked documents. Choose the correct answers (3). Currency Account assignment objects Company code Document type or document number.
When you create multiple similar asset master records, which of the following fields allow you to make separate entries for each individual asset? Choose the correct answers (3). Description of the asset Inventory number Cost center License plate number.
Which of the following steps are parts of the process of configuring the payment program? Choose the correct answers (3). Configure the paying company codes Configure the payment methods for each company code Configure the G/L account field status for document entry Configure the house banks.
Identify some of the fields related to the depreciation area in the asset master record. Choose the correct answers (3). Asset description Scrap value Useful life Depreciation start.
What is the first step in the reconciliation process? Choose the correct answer. Present reconciled and non-reconciled data Collect data from different companies Communicate differences.
Which of the following are posted in the program FAA_DEPRECIATION_POST? Choose the correct answers (3). Parallel APC values Unplanned depreciation or other manually planned depreciation Ordinary depreciation such as book depreciation or imputed depreciation Imputed interest.
Identify the reasons for archiving data. Choose the correct answers (3). Lowering the effort involved in database administration. Using data as a backup. Improving response times and ensuring good response times. Reducing the system downtime when carrying out software upgrades, recoveries, and (offline) database backups.
Which of the following original Management Accounting objects can you assign in the asset master record? Choose the correct answers (3). Cost element Activity type Cost center Order.
Which of the following are the steps of Intercompany reconciliation? Choose the correct answers (3). Automatic presentation of reconciled and non-reconciled data Automatic assignment of documents Manual reconciliation and communication Document selection and data storage.
Which of the following procedures are available to check the balance of receivables and payable in balance confirmations? Choose the correct answers (3). Balance adjustment Balance notification Balance request Balance confirmation.
Which of the following activities does the system perform during the payment run? Choose the correct answers (3). The system makes postings to the G/L and AP/AR sub ledgers The system clears open items The system supplies the print programs with necessary data The system exports a list of documents to be paid.
A document has several line items, with different reason codes entered. For the automatic payment, which correspondence type does the system choose? Choose the correct answer. The one in the line item with the largest amount The one assigned to the tolerance group The one in the first line item The system prompts for the user to assign one.
Which of the following logistic processes are involved in asset acquisition with materials management (MM)? Choose the correct answers (3). Goods receipt Inventory receipt Purchase order Purchase requisition.
Which of the following can you use for multiple programs with variants that are to be processed automatically? Choose the correct answer Online transactions Task list template Flow definition Remote tasks.
Which of the following steps are parts of the process of configuring the payment program? Choose the correct answers (3). Configure the paying company codes Configure the house banks Configure the G/L account field status for document entry Configure the payment methods per company code.
Which of the following segments contains the general data of a customer or vendor that can be accessed throughout the organization? Choose the correct answer. Account level Client level Company code Organization level.
Which of the following is an example of an automatic offsetting entry? Choose the correct answer Posting of a guarantee of payment Down payment request Bank posting of a received down payment.
Identify some of the checks for archiving G/L accounts (master data). Choose the correct answers (3). Are there (still) transaction figures (for example, have they already been archived)? Is the fiscal year closed? Are there (still) documents? Has a deletion indicator been set?.
For which of the following special G/L transactions does the SAP S/4HANA application NOT update the transaction figures? Choose the correct answer. Noted items Customer account Special general ledger account Vendor account.
The variant principle is used in SAP S/4HANA to assign particular properties to one or more objects. How many steps does the variant principle have? Choose the correct answer. 1 3 4 5.
Which of the following are the different history sheet groups that each version of asset history sheets can contain? Choose the correct answers (3). Acquisitions Reposting Book values at the end of the fiscal year Imputed interest.
Which of the following methods does the depreciation key define? Choose the correct answers (3). Multilevel method Period control method Base method Asset sheet valuation method.
When procurement transactions are posted, which of the following steps is exclusively carried out in Materials Management? Choose the correct answer. Goods receipt Creation of purchase order Invoice receipt.
The SAP Business Workflow has __ process dimensions. Choose the correct answer. Two Three Four Five.
Which of the following types of tasks are available in the Financial Closing Cockpit application? Choose the correct answers (3). Flow definition Online transactions Remote tasks Task list template.
Identify the call up points that have been provided for Financial Accounting (FI). Choose the correct answers (2). Controlling area Organizational unit Document header Document line.
Which of the following has to be created and assigned to an organizational structure before the Financial Closing Cockpit can be used? Choose the correct answer. Task list template Flow definitions Programs Sub folders.
The usage of which of the following depreciation types can be activated per depreciation area? Choose the correct answers (3). Special depreciation Unplanned depreciation Ordinary depreciation Scheduled depreciation.
In which of the following segments of a customer or vendor master record can you enter the terms of payment? Choose the correct answers (3). Company code segment Purchasing organization segment Sales area segment Client level segment.
Identify the steps performed during the general ledger closing operations for the fiscal year. Choose the correct answers (3). Foreign currency documents are valuated The balance carry forward program is run Vendor invoices are posted Accruals are carried out.
In stock valuation, which of the following groups of stocks are valuated? Choose the correct answers (3). Goods invoiced Finished goods Work in process Raw materials, supplies, and consumables.
What sort of special general ledger types exist? Choose the correct answers (3). Noted items Automatic offsetting entries (statistical) Free offsetting entries Final payments Other types.
Which of the following are the month-end closing activities for external purposes? Choose the correct answers (3). Create external and internal reports Post goods issues for deliveries to customers Perform foreign currency valuations Close the old period.
In a valuation method, which of the following is NOT a valuation approach for foreign currency valuation? Choose the correct answer. Lowest value principle Revalue only Strict lowest value principle High rate of interest principle.
What are the two phases of AuC that are relevant to Asset Accounting? Choose the correct answers (2). Under-construction phase Assets transfer phase Useful life phase Accounting phase.
A document has several line items, with different reason codes entered. For the automatic payment,which correspondence type does the system choose? Choose the correct answer The one in the line item with the largest amount The system prompts for the user to assign one The one assigned to the tolerance group The one in the first line item.
Which of the following options can you use to change the G/L account master data using collective processing? Choose the correct answers (3). Change company code data Change client level data Change account descriptions Change chart of accounts data.
What checks does the year-end closing program (RAJABSOO) perform? Choose the correct answers (2). Depreciation lists and the asset history sheet have been checked Assets are complete and error-free Depreciation and asset balances are posted in full Last fiscal year has been updated.
Customers using classic General Ledger Accounting can use RFBILAOO to create a financial statement at which organization levels? Choose the correct answers (2). Segment level Business area level Client level Company area level.
Which of the following functions include the important functions of the SAP List Viewer tool? Choose the correct answers (3). Defining print parameters Deleting and inserting columns Calculating totals and subtotals Setting filters.
Which of the following components make up an archiving object? Choose the correct answers (3). Programs Variables Data declaration part Customizing settings.
Which currency valuation program is replaced by FAGL_FCV? Choose the correct answer. SAPF130K FAGL_FC_VALUATION SAPF100 FAGL_VALUATION.
Which of the following methods can be used to transfer Asset Accounting (FI-AA) legacy data? Choose the correct answers (3). For a large quantity of legacy data, use batch input procedure (program RAALTD01). For a large to very large quantity of legacy data, use the legacy data transfer using a BAPI interface. For a very large quantity of legacy data, use the direct input procedure (program RAALTD11). For a manageable quantity of legacy data, use the manual transaction code AS91 and ABLDT. For a small quantity of legacy data, use AS100.
Which of the following statements apply to the special general ledger types of noted items? Choose the correct answers (3). No zero-balance check is made in the system. Noted items are posted to an alternative reconciliation account. No postings are made on an offsetting account. No special general ledger indicators of your own can be created of this type. The account for the offsetting entry is selected automatically.
To reduce the load on the system, what should you do with the older documents that exist in the database? Choose the correct answer. Archive and delete Backup and delete Extract and delete Delete.
Which of the following information is entered in the chart of accounts segment of a G/L account? Choose the correct answers (3). Consolidation fields Control fields Account number Currency fields.
Which of the following parameters can be changed on a time-dependent basis? Choose the correct answers (3). Depreciation key Useful life (year or period) Variable depreciation portion Depreciation start date.
What should you check if the balance of the GR/IR account is not zero at the purchase order item level on the balance sheet key date? Choose the correct answers (2) Check to see if the goods were delivered by the key date, but have not yet been invoiced Check to see if the goods were produced by the key date, but have not been invoiced. Check to see if the goods were ordered by the key date, but have not been received. Check to see if the goods were invoiced by the key date, but have not yet been delivered.
Identify the application areas where validations and substitutions can be used. Choose the correct answers (3). SD - Sales and Distribution CO - Cost Accounting AA-Asset Accounting Fl - Financial Accounting.
Where can an SAP Fiori end user change the theme of their launchpad? Please choose the correct answer. In the Tile Group area of the launchpad designer In the Tile Catalog area of the launchpad designer In the Ul theme designer In the Me area of the launchpad.
What are the maintenance levels of a screen layout rule for asset classes? Please choose the correct answer. Asset class, main asset number, sub number Main asset number, sub number, depreciation area Asset class, depreciation area, main asset number, group asset Depreciation area, asset class, main asset number, sub number.
Your customer wants to start using SAP S/4HANA line-of-business solutions. Which of these solutions help you run human resource management processes? Choose the correct answers (2). SAP Hybris SAP SuccessFactors SAP Concur SAP FieldGlass.
Which data sections are part of every asset class? There are 2 correct answers to this question. Depreciation data section Valuation area data section Master data section Account determination data section.
Your customer wants to use data aging for the universal journal. Which criteria can you use to decide which data is moved to the historical partition? Choose the correct answers (2). Ledger Account type Company code Document type.
What data do you maintain in the chart of accounts sections of a General Ledger account? Please choose the correct answer. Authorization data Consolidation data Reconciliation data User data.
Document splitting is active in your company code. The splitting characteristic is the profit center. All accounts are assigned. You post a vendor invoice with a single expense that are all assigned to different profit Centers. The expense is changed with 10% VAT. How many line items are created in the Entry view and how many are created in the General Ledger view? Entry view: 3 General Ledger view: 9 Entry view: 5 General Ledger view 7 Entry view: 3 General Ledger view 7 Entry view: 5 General Ledger view: 9.
At what level is the bank master data stored in SAP S/4 HANA? Please choose the correct answer At company level At client level At controlling area level At company code level.
Which parameters can you specify when you create a new correspondence type?Choose the correct answers (3). Document number required Company code required Account required Number of date fields required Reason code required.
What does the year-end closing program in Asset Accounting do? Choose the correct answers (3). It blocks all postings to Asset Accounting for the closed fiscal years. It posts all remaining depreciation and imputed interest. It checks whether the depreciation is posted completely for the fiscal year. It settles all assets under construction with values and maintained settlement rules. It indicates if any of the created asset master records contain errors or are incomplete.
In Asset Accounting, which object do you use to handle separate valuation for parallel accounting? Please choose the correct answer. Valuation area Chart of depreciation Depreciation area Depreciation key.
What information is provided when you execute the balance audit trail? Please choose the correct answer. A list of changes of maintained sensitive fields in general ledger accounts The open account balances for customer accounts and supplier accounts The starting balance and the yearly changes to the balance of a general ledger account A comparison of general ledger account balances across ledgers.
Your customer wants the values for a special group of assets to be shown separately in the general ledger. Which objects do you create in Customizing for Asset Accounting? There are 2 correct answers to this question. Asset class Depreciation area Account determination key Financial statement version.
In the integrated scenario for down payments, in what step of the process do you enter the down payment information? Goods receipt creation Purchase order creation Invoice verification Down payment monitoring.
What are the features of the Accrual Engine in SAP S/4 HANA? Choose the correct answers (2). The fiscal year variant of the general ledger is supported. The Fl reversal is NOT supported. Complex postings with more than two line items are NOT possible. All currencies of general ledger are supported.
Which fields can you edit before posting a parked document? Choose the correct answers (3). Account Document type Currency Amount Posting date.
What is the correct order of steps when you use the SAP Financial Closing Cockpit? 1. Create tasks 2. Define dependencies 3. Create template 4. Create task list 5. Release task list 1. Create tasks 2. Define dependencies 3 Create task list 4. Create template 5. Release task list 1. Create template 2. Create tasks 3. Define dependencies 4. Create task list 5. Release task list 1. Create template 2. Create tasks 3. Create task list 4. Define dependencies 5. Release task list.
You use the ledger approach for parallel accounting in Asset Accounting. Depreciation area 01 is assigned to the leading ledger for leading valuation and depreciation area 32 is assigned to the non leading ledger for parallel valuation. What posting option should you choose for depreciation area 32? Area Posts Depreciation Only Area Posts in Real Time Area Does Not Post Area Posts APC Immediately, Depreciation Periodically.
Which activities can you perform with a recurring journal entry? Note: There are 2 correct answers to this question Determine the number of postings Create monthly postings on any date of a month Set rules to distribute amounts to be posted Obtain an overview of related future postings.
For which special G/L indicator do you specify a target special G/L indicator? Please choose the correct answer. Customer down payment Bill of exchange Guarantee given Vendor down payment request.
Which reporting tools are available with SAP S/4 HANA embedded analytics? Choose the correct answers (2). KPI modeling apps SAP Analysis for Microsoft Office Query Browser SAP Analytics Cloud.
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? Please choose the correct answer. You can only post to the account in CAD, USD, and EUR You can only post to the account in CAD You can only post to the account in CAD and USD You can only post to the account in USD.
How does SAP S/4 HANA support the treatment of taxes? There are 3 correct answers to this question It performs tax adjustments for cash discounts and other forms of deductions. 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. It posts the tax amount to tax accounts. It checks the tax amount entered and automatically calculates the tax.
Which prerequisite must be met by the technical clearing account for integrated asset acquisition? The account is a reconciliation balance sheet account for fixed assets. The account is assigned in the asset account determination for each valid depredation area. The account is created for all active company codes of the client. The account is a profit-and-loss account that must be open item managed.
What are the results when you post an outgoing partial payment? There are 2 correct answers to this question A payment block is set on the invoice. A payment is created with reference to the invoice. The initial invoice is cleared. The initial invoice remains open.
Customers using classic General Ledger Accounting can use RFBILAOO to create a financial statement at which organization levels? Client level Company area level Segment level Business area level.
You are asked to explain the assets under construction functionality in SAP S/4HANA. What should you highlight? There are 2 correct answers to this question It is possible to post special tax depreciation and investment support for assets under construction. 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.
You want to quickly launch the balance sheet for the company code you are responsible for from the SAP Fiori launchpad. What can you create to achieve this? Please choose the correct answer. Functional Area Segment Cost Center Business Area.
You want to post journal entries in a special period. Which conditions must be met? There are 2 correct answers to this question. The special period must be open for posting in the period control. You must have specific authorization to post in special periods. The balance carry-forward to the new fiscal year must have taken place. You must enter a posting date in the last posting period.
How can you perform transfers of assets between company codes with different charts of depreciation? Please choose the correct answer. Configure the cross-company depreciation areas in customizing Correct depreciation area assignment in the asset master record after posting Assign the group chart of depreciation to the relevant fixed assets Enter depreciation area mapping during inter company transfer posting.
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