|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? Please choose the correct answer. Define general ledger accounts per each category of legacy asset. Configure depreciation keys and calculation keys. Define asset classes and maintain their attributes. Copy the chart of depreciation and maintain depreciation areas.
Which field can you change on a posted invoice? Cost center Payment terms Tax code Special G/L indicator.
Which activities are supported by the regrouping program of receivables and payables? Choose the correct answers (2). Regrouping and clearing open items for affiliated companies on customers and vendors Regrouping receivables and payables by their remaining life Regrouping of receivables and payables to accrual earnings or expense Regrouping open items based on changed reconciliation accounts.
When you post a manual incoming payment, which parameters are valid for all payment documents? Choose the correct answers (2). Bank account Residual item Tolerance group Journal entry type.
Which of the following retirement types is referred to as scrapping? Please choose the correct answer. Complete integrated asset retirement Unplanned depreciation of remaining value Partial retirement without revenue and without customer Complete retirement with revenue but without customer.
Which business partner characteristic is mapped to the customer and supplier account groups? Please choose the correct answer. Business partner role Business partner category Business partner type Business partner grouping.
At which level do you assign the print program to the correspondence type? At company code level only At client or company code level At system level At client level only.
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? Choose the correct answers (2). Posting period variant must be created and assigned Tax types and tax codes must be maintained Line item text templates must be maintained Number range and document types must be maintained .
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? Choose the correct answers (2). Assets are complete and error free Fixed asset fiscal year change is complete Depreciation is posted in full General ledger and sub ledgers are closed.
Which standard currency types must be used when configuring the currency settings for company codes? Choose the correct answers (2). Company code currency Controlling area currency Group currency Document currency.
What are some of the benefits of SAP S/4HANA? Choose the correct answers (2). 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 available in real time at line item detail The data is analyzed after it is extracted and loaded in the reporting system.
You are responsible for configuring document splitting. What are some of the key settings? Choose the correct answers (2). Field status variant Business transaction variant Document number range Document type.
What dunning-related data do you maintain on the business partner master record? Choose the correct answers (3). Dunning procedure Dunning block Dunning key Dunning area Dunning interval.
Which requirements do you need to fulfill to use data aging for Finance in the SAP S/4HANA system? Note: There are 3 correct answers to this question Activate aging on SAP HANA. Define the logical file path as a global path for data aging. Add required authorizations for data aging to your role. Switch on the data aging business function. Activate data aging for your company code.
How does SAP S/4HANA reduce system complexity and improve system efficiency? Note: There are 2 correct answers to this question. By removing application code that deals with aggregates and indexes By providing application code that deals with aggregates and indexes By providing views of data at runtime from the same source tables By removing views of data at runtime from the same source tables.
You are a group cash manager interested in the North American business market. What are the personalization options available to you in SAP Fiori? Note: There are 2 correct answers to this question. You can create an app to take you directly to the cash position of the North American business market. 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 access to relevant apps for the North American accounts payable group that reports to you.
Which statements best describe a profit center? There are 2 correct answers to this 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.
What is the purpose of the reorganization of segments? Choose the correct answers (2). Enables segment deletion Enables merge of segments Enables segment derivation Enables segment reassignments.
What are some features of SAP HANA? Choose the correct answers (2). 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.
You are configuring depreciation areas in Asset Accounting. Which of the following settings is NOT permitted? Area posts depreciation only Area does not post Area posts revaluation only Area posts in real time.
You have been asked to set up house banks as part of the implementation. What information do you need? Note: There are 3 correct answers to this question. Bank master data Supplier account Payment method Company code General ledger account.
Which parameter indicates that a line item can only be dunned with restrictions? Dunning grouping Dunning key Dunning area Dunning block reason.
What does the document splitting do? Please choose the correct answer It enriches all secondary cost element account lines with the defined splitting characteristics. It enriches all relevant balance sheet account lines with the defined splitting characteristics. It enriches all revenue account lines with the defined splitting characteristics. It enriches all profit and loss account lines with the defined splitting characteristics.
You have to run the foreign currency valuation for both US GAAP and IFRS, which leads to different values for the two different accounting principles. How can you set this up in the system? Define two valuation areas and two accounting principles with relevant links to ledgers 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.
What are some of the personalization options available to users in their SAP Fiori launchpad environment? Note: There are 3 correct answers to this question. Users can remove applications that they do NOT use. Users can add applications for filtered report results. Users can add applications from the catalog assigned to them. Users can remove devices that they do NOT use. Users can add new devices from the catalog assigned to them.
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/4HANA 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. They are developed in the ABAP layer of the SAP S/4HANA system by the IT user.
How do you configure depreciation areas in SAP S/4HANA? Note: There are 2 correct answers to this question. Assign a ledger group to each depreciation area Ensure each accounting principle is assigned to a depreciation area Assign depreciation area 01 to the leading ledger Ensure depreciation areas always post to the general ledger.
Which closing activities are used in external reporting as per SAP best practices? Note: There are 2 correct answers to this question. Perform valuations of open items in foreign currency. Execute the plan cost center assessment cycle. Reclassify receivables and payables. Update product cost estimates.
Which elements define the integration of asset acquisitions to the general ledger? Note: There are 2 correct answers to this question. Depreciation keys Valuation area Asset class Depreciation area.
You want to define a validation for the combination of ledger account and cost center. For what point of call is this validation defined? Please select the correct answer. Complete document Document line Sales cost accounting Header of the document.
Which of the following are valid settlement receivers when you liquidate an asset under construction on a starting basis? There are 2 correct answers to this question. Cost center Profit center Functional area Fixed asset.
You are configuring accrual types for the accrual engine. For which postings is account determination required? There are 2 correct answers to this question. Closing posting only Periodic only Opening and closing posting only Opening posting only.
What is the purpose of the chart of depreciation? The chart of depreciation defines the asset classes for which you can create 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 reports. The chart of depreciation facilitates country-specific legal valuation of fixed assets.
You want to create a substitution in financial accounting. What parts do you have to define for each step of the substitution? There are 2 correct answers to this question. Check Prerequisite Message Replacement.
You are posting an incoming payment against an invoice. Which document values does the user tolerance group control? There are 2 correct answers to this question The payment amount allowed for each customer open item 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.
Which of the following statements are valid for financial document number ranges? There are 3 correct answers to this question. The same financial document number range can be assigned to several types of documents. The financial document number ranges are defined at the company code level. Financial document number ranges defined at the client level should NOT overlap. The financial document number ranges must be defined for the year in which they are used. All financial document number ranges may contain numbers and / or letters.
Which statements best describe extension ledgers in SAP S / 4HANA? There are 2 correct answers to this question Extension ledgers can have different currencies than the underlying ledger. Extension ledgers can be assigned their own posting period variant. Multiple extension ledgers can point to the same underlying ledger. Extension ledgers can be assigned their own fiscal year variant.
You define the type of custom currency Z1 for your company code. What types of currency should be stored in the Data Entry view? There are 2 correct answers to this question Company code currency Custom currency type Object currency Document currency.
Which edition of SAP S / 4HANA did the universal magazine present? Please choose the correct answer. SAP Business Suite powered by SAP HANA SAP S/4HANA 1511 SAP S/4HANA Finance 1503 SAP S/4HANA Cloud .
You are creating an asset master record by copying another asset and you noted that the inventory number is copied. What setting do you make to ensure that the inventory number is NOT copied when you create a new asset by copying? Please choose the correct answer. Remove the reference indicator in screen layout maintenance Remove the main asset indicator in screen layout maintenance Remove the asset class indicator in screen layout maintenance Remove the sub number indicator in screen layout maintenance.
What steps are required to create a substitution in Financial Accounting? There are 3 correct answers to this question Assign the substitution rule to the controlling area Select the correct call point Choose the area of application GL Activate the substitution rule Define the substitution rule with its different steps using the formula editor.
What fields of a Financial Accounting document influence the automatic payment program? There are 3 correct answers to this question. Payment type Payment advice Payment method Payment term Payment block.
In your system, you currently perform manual outgoing payments and 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 this question. Bank determination Special G/L indicators Payment terms Paying company codes.
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 Tax code Condition types Sequence of steps Country key Account or transaction key .
What is the recommended organizational unit for the cost-of-sales accounting? Please choose the correct answer Business Area Sales Area Controlling Area Functional Area.
What should you do to set up a new exchange rate type in SAP S/4HANA? There are 2 correct answers to this question. Maintain exchange rates daily. Specify a purpose for the exchange rate. Set up the relationship between currencies using conversion rates. Specify the direct or indirect quotation.
You are running an international business and want to set up separate legal entities to execute operations and perform accounting activities. What organizational unit do you need to create for each legal entity? Please select the correct answer. Controlling area Company code Segment Company.
You want to configure the default baseline date for the payment terms of an incoming invoice. From which date can you derive the baseline date? Note: 3 Answers Goods receipt date Value date Posting date Document date Entry date.
What items are NOT cleared by the automatic clearing program? Note: 3 Answers Statistical postings Noted Items Items with value added tax Items with sales and use tax Items with withholding tax .
What are the characteristics of a company in SAP S/4HANA ? Note: 2 answers It is responsible for costs and revenues within an organization It represents separate areas of operation within an organization It is considered for consolidation It can be assigned to a company code.
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.
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 have to use internal number assignment. You have to use continuous number assignment. You can use internal, external, or continuous number assignment.
Your SAP S/4HANA system is integrated with controlling. You perform cost-of-sales accounting, and you report your profit and loss per profit center. When posting a supplier invoice to a primary cost account, which field is mandatory by standard procedures? Business Area Segment Cost Center Functional Area.
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.
Which attributes should you consider when defining asset number ranges? Note: There are 2 correct answers to this question. Asset number ranges are defined at chart of depreciation level Asset number ranges are defined for asset classes and are company code specific Each asset class can have either an internal or external number range Each asset number range has to be assigned to a unique asset class.
What are the pillars of the SAP Fiori user experience paradigm? There are 3 correct answers to this question. User-based Responsive Vibrant Role-based Simple.
When you post a payment for an invoice, how does the system derive the splitting characteristics? Inheritance Passive document splitting Active document splitting Default assignment.
Which deployment option do you recommend to customers who want to always be on the latest release of SAP S/4HANA? SAP S/4HANA Cloud SAP S/4HANA on-premise SAP S/4HANA with Central Finance SAP S/4HANA Finance.
How does the SAP HANA architecture improve SAP S/4HANA system performance? Please choose the correct answer SAP HANA organizes data in line item tables and can aggregate data from these line item tables at runtime. SAP HANA uses a structured hierarchical data model with a multitude of lean pre built aggregated tables to write efficient code. SAP HANA allows you to build aggregate tables on top of aggregates and, in addition, special versions of the database tables to support special applications. SAP HANA makes extensive use of database indexes providing common access paths to data in order to improve access speed.
For which activities can you use an extension ledger? Note: There are 2 correct answers to this question Configuration of custom fields for financial statements Simulation of foreign currency valuation Parallel valuation of depreciation areas Adjustments for consolidation purposes.
A vendor is also a customer. The payment program has to clear the open items. Which setting has to be maintained for the business partner? The alternative payer and payee The same bank details The account link The same payment method .
In which step of the SAP Financial Closing Cockpit configuration do you define parameters settings for variables of program variants? Template creation Dependency definition Task list creation Task list release.
What types of data are maintained for a house bank? Note: There are 2 correct answers to this question. General Ledger account Overdraft limit Payment signatories Data medium exchange (DME) details.
What do you define in Customizing for the payment program? Note: There are 3 correct answers to this question. Forms for the payment media Bank determination Exchange rate type Payment run ID Allowed currencies.
Which objects can be posted to by more than one company code? There are 3 correct answers to this question. Segment Sales organization Business area Cost center Profit center.
The SAP HANA database relies on which of the following technologies for storing data? There are 3 correct answers Aggregation Compression In-memory Indexing Columnar store.
It is common for companies to receive invoices for the previous fiscal year at the beginning of the new fiscal year. Which dates must have the same fiscal year in the document entry? Document date and posting date Posting date and asset value date Posting date and entry date Document date and asset value date.
What are the benefits of public cloud deployments of SAP S/4HANA? Note: There are 2 correct answers to this question One-time license investment Increased customizing flexibility IT cost savings Always up to date.
Where do you indicate that the useful life of the asset sub-number is identical to the useful life of the main asset? In the screen layout of the depreciation area In the asset master record of the main asset In the account determination of the asset class In the screen layout of the asset master record.
How can you post accruals? Note: There are 3 correct answers to this question. Run the depreciation progam Post manually at the end of a period, quarter, or year Execute the periodic accrual run Reclassify the receivables and payables Use the recurring entry program.
Which data can you edit in the payment proposal? Note: There are 3 correct answers to this question Invoice amount House bank Cash discount Money Payment block Payee.
Which of the following parameters are controlled by the screen layout? Note: There are 3 correct answers to this question Number range Maintenance level Field selection Reference.
Which data model is used for SAP S/4HANA? Online transactional processing (OLTP) and online analytical processing (OLAP) each using data from seperate tables. Online transactional processing (OLTP) and online analytical processing (OLAP) both running on a single system. Online transactional processing (OLTP) for on-premise deployments and online analytical processing (OLAP) for Cloud deployments. Online analytical processing (OLAP) that is based on aggregated tables and indexes.
Which of the following fields can be changed in the document header? There are 2 correct answers to this question. Reference number Document header text Document date Currency exchange rate.
Identify the criteria that generally differentiate between the rules for changing documents. There are 2 correct answers to this question. Open items Account type Asset class Company code.
The government announces that it plans to change the basic VAT tax percentages from 20% to 18%. What do you have to do in the system to comply? Change the tax percentage for existing input tax codes to 18%. Create new tax codes with the 18% percentage for input and output tax. Change the tax percentage for input and output tax codes to 18%. Create new tax codes with teh 18% percentage for input tax.
You need to enter a percentage rate in terms of payment to calculate ____. Please choose the correct answer. Invoice discount Credit amount Cash discount Debit amount.
What is the name of the leading ledger that SAP provides with the standard system? Please choose the correct answer. 3L 0L 1L 2L.
You configured Asset Accounting for your company code with three depreciation areas that post in real time and corresponding depreciation area to track group currency values. When you post an external acquisition, how many documents are created? 1 3 6 4.
Which of the following are possible reasons that an invoice would not be paid? Choose the correct answers (3) The discount period has expired The invoice has a debit balance An invalid house bank is selected The payment amount is less than the minimum amount specified for a payment.