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S4 FI - 3

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Title of test:
S4 FI - 3

Description:
The third one

Author:
Me
(Other tests from this author)

Creation Date:
22/11/2020

Category:
Others

Number of questions: 73
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Content:
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? 4 2 3 1.
Which is the most flexible SAP S/4HANA Cloud solution for customers? Please choose the correct answer Community option Private option Public option Hybrid option.
Which of the following currency types can you set in Customizing activity "Define setting for ledgers and currency type"? There are 2 correct answers to this question. Material ledger currency Local currency Group currency Transaction currency.
You want to make the Reference Document Number field required for entry. Which object controls this setting? Please choose the correct answer. Document type Document field status Document reference key Document posting key.
How many posting period intervals in SAP S/4HANA are used for postings of Financial Accounting (FI) and Controlling (CO)? 12 16 3 2.
Which is the first step in the procedure of making down payments in the customer area? Please choose the correct answer. Down payment received Down payment request Clearing Customer invoice.
What account types can you use to classify general ledger accounts in SAP S/4HANA? There are 3 correct answers to this question. Field status group Non-operating expense or income Secondary costs Reconciliation accounts Balance sheet.
On which level are asset classes created? Client Chart of depreciation Depreciation area Company code.
Down payments received reduce the total of which of the following entities? Please choose the correct answer. Receivables Bank balance Inventory Payables.
Which of the following statements is correct for external number assignment (manual posting)? Please choose the correct answer. The number must be assigned in a sequence The number is automatically assigned The number is entered by the user The number is the last document number.
During which actions does the system assign the document number for Financial Accounting? There are 2 correct answers to this question. Hold Park Post Simulate.
What do you define when you create a new document type? There are 2 correct answers to this question. Reasons for reversal Account types allowed for posting Number range for the document type Posting keys for the document type.
Which tasks are stages of dunning execution? There are 2 correct answers to this question. Schedule the dunning intervals. Maintain the dunning levels. Schedule the dunning run. Maintain the dunning parameters.
Your custormer performs pre-closing activities on the last day of the month. Which activities are typically executed during pre-closing? Choose the correct answers (2). Perform foreign currency valuation for accounts payable Post recurring entries for the general ledger Create the asset history sheet for asset accounting Process bad debt expenses for accounts receivable.
Which of the following are the characteristics included in general ledger drilldown reports? There are 3 correct answers to this question. Business area Company code Total debit balance Segment.
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? Please choose the correct answer. Document line Complete document Cost-of-sales accounting Document header.
For which type of account is the line item display generally active? Please choose the correct answer. Reconciliation account Customer account Vendor account Special general ledger account.
After you collect data in the InterCompany Reconciliation (ICR) tool, what are the next steps of the reconciliation process? Store the data Present reconciled and non-reconciled data Communicate differences Post the correction documents.
For reporting purposes, your client would like to present information about customer postings that are NOT reflected in the G/L. Which special G/L type do you recommend? Statistical postings Free offsetting entries Bill of exchange Noted items.
What happens to the transaction figures when you post a normal reversal posting? They are reset They are increased They are deleted They are cleared.
How do you configure depreciation areas in SAP S/4HANA? There are 2 correct answers to this question. Assign depreciation area 01 to the leading ledger. Assign a ledger group to each depreciation area. Ensure each accounting principles is assigned to a depreciation area. Ensure depreciation areas always post to the general ledger.
The dunning run is made up of three main steps that happen in a particular sequence. What is the correct sequence of steps? 1) Account selection 2) item selection 3) Dun line items 1) Item selection 2) dun account 3) dun line items 1) Item selection 2) dun line items 3) dun account 1) Account selection 2) dun line items 3) dun account.
On which levels can you maintain field status controls for business partners (BP)? There are 3 correct answers to this question. Company code BP category BP type Client BP role.
How does the system behave when an invoice is processed as a residual payment? The original document and payment are cleared The payment difference is posted to a different account The payment difference is written off All document remain in the account as open items.
You want to specify the financial statement version for asset reports in Customizing. Where do you need to assign the financial statement version? To each accounting principle To each chart of depreciation To each depreciation area To each company code.
What is the purpose of the group account number in General Ledger account master data maintenance? It is used for cross-company-code reporting if the company codes use different charts of account. It defaults the number interval that is applied for the G/L account number in the company code. It determines the fields in the entry screen when you create or update a master record in the company code. It acts as the key to identify the balance sheet and profit-and-loss accounts in the financial statement version.
What kind of customization can users do on their launchpad? There are 2 correct answers to this question. Change the name of tiles. Create their own tile groups. Change the name of tile groups. Change the icons on tiles.
What settings can you define specifically for an asset class? There are 3 correct answers to this question. Account determination key Maximum amount for low-value assets Asset under construction category Default transaction type for asset posting Synchronization rules for asset and equipment.
Within the line items of FI documents, what does the posting key control? There are 3 correct answers to this question. Whether the line item is posted with reference to primary or secondary cost element. The field status of additional details. Whether the item is posted as a debit or credit. The account type to which the line item can be posted. The account group to which the line item can be posted.
Which General Ledger account type do you select to perform activity cost allocations? Primary cost or revenue Non-operating expense or income Secondary costs Balance sheet.
Which of the following special G/L transactions are noted items? There are 2 correct answers to this question. Down payment Guarantee of payment Bill of exchange payment request Down payment request.
Which of the following steps do you typically perform when executing the payment run with the automatic payment program? There are 2 correct answers to this question. Rank bank accounts for payment. Maintain open item selection parameters. Review the payment proposal exception list. Define maximum amounts to be paid per supplier.
Which statements best describe a chart of depreciation? There are 2 correct answers to this question. A chart of depreciation is mandated by a country's statutory requirement and should be adopted as is. A chart of depreciation contains multiple depreciation areas with a provision for addition and deletion of depreciation areas. A chart of depreciation is a country-specific object that is delivered with SAP S/4HANA. A chart of depreciation is company-code-specific; therefore, two company codes CANNOT use the same chart of depreciation.
Which of the following control data is carried by asset classes? Choose the correct answers (3). Screen layout Insurance type Account determination Number range interval.
Which data do you define on the bank master record? There are 2 correct answers to this question. Corresponding business area Address data and control data A unique bank country Payment and dunning information.
In an asset main number in Asset Accounting, which information can be different between International GAAP and Local GAAP? There are 2 correct answers to this question. Asset class Net book value Depreciation start data Capitalization date.
You need to perform mid-year legacy system migration for assets in a new company code. Which data must you migrate? There are 3 correct answers to this question. Accumulated depreciation per cost center Current year posted depreciation Current year asset acquisition transactions Closed year asset sale transactions Fully depreciated fixed asset master records.
Which of the following statements best describe a noted item? There are 2 correct answers to this question. It has an automatic statistical offsetting entry. 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.
On which levels can you activate document splitting? There are 2 correct answers to this question. Document type level Ledger level Company code level Client level.
What type of architecture does SAP Business Workflow use? Single-tier Three-tier Two-tier Four-tier.
Which of the following are valid settlement receivers when you perform settlement for an asset under construction on a line item basis? There are 2 correct answers to this question. Cost center Fixed asset Profit center Functional area.
What do you need to do to configure a new exchange rate type in SAP S/4HANA? There are 2 correct answers to this question. Specify a purpose for the exchange rate type. Specify the direct or indirect quotation. Set up the relationship between currencies using translation ratios. Maintain exchange rates daily.
Which entries can you define when maintaining a G/L account? There are 3 correct answers to this question. Account type Ledger assignment Field status group Account group Profit center.
What must you do to create new validations and substitutions? There are 2 correct answers. Define the area of application Select the relevant call-up point Deactivate all former validations and substitutions Choose the chart of accounts.
Which business partner categories are available to manage relationships? There are 2 correct answers to this question. Customer Person Bank Organization.
Which stage of the sales process creates documents for both Materials Management and Financial Accounting? Sales order creation Shipping - goods issue Shipping - delivery creation Billing.
How do you identify an asset as an asset under construction? Please choose the correct answer. The asset is assigned to NO depreciation area. The asset belongs to a specific asset class. The ordinary depreciation start date is empty. The asset capitalization date is empty.
How many intervals are defined for the foreign currency valuation run ID per client? 1 3 0 2.
For which of the following can you park documents? There are 2 correct answers to this question. General ledger accounts Sales invoices Materials accounts Customer accounts.
You need to use foreign currency valuation in the ledger solution. Which object must you define in Customizing? There are 3 correct answers to this question. Account determinations Accounting principles Simulation extension ledger Valuation areas Value adjustment keys .
Which of the following standard correspondence types can you use to exchange information with customers and suppliers? There are 2 correct answers to this question. Invoices Bill of exchange charges statement Payment notices Dunning letters.
Which of the following statements are correct? There are 2 correct answers. A task can be assigned only one possible processor. A company code can be assigned several workflow variants. The same workflow variant can be assigned to several company codes. It is possible to design multilevel workflow sequences.
Which of the following are the standard correspondence types? There are 3 correct answers to this question. Open items list Document journal Payment notice Account statement Payment proposal.
What is controlled by the terms of payment? There are 3 correct answers to this question. Default payment method Setting for net procedure Allowed account type Account for cash discount received Determination of the baseline date.
Your customer uses a posting period variant with special periods, and you need to allow specific users to post in these special periods. What do you assign in the posting period variant? Please choose the correct answer. An authorization group to period interval 2 An authorization group to period intervals 1 and 2 An authorization group to period intervals 2 and 3 An authorization group to period interval 1.
What do you configure to allow cross-company-code transactions? There are 2 correct answers to this question. Clearing accounts Special G/L indicator Account types Posting keys.
Which information is checked by the system before a general ledger account is archived? The Mark for Deletion indicator is set in master data The Blocked for Posting indicator is set in master data The assigned group account is already archived The Open Item Management indicator is set in master data.
Which SAP technological product provides the platform required for SAP to support the digital transformation of an organization? Please choose the correct answer. SAP Fiori SAP HANA SAP NetWeaver SAP CRM.
Identify the three types of tolerances in accounting. There are 3 correct answers to this question. Special account tolerance groups Customer/vendor tolerance groups Employee tolerance groups G/L account tolerance groups.
Which prerequisites must be fulfilled before you can use negative postings? There are 2 correct answers to this question. The posting key must permit negative posting The company code must permit negative postings The reversal reason must allow negative postings The reversal reason must allow alternative posting dates.
For general ledger account postings, which one of the following standard posting keys is for debit? Please choose the correct answer. 1 50 31 40.
How many cash discount periods can be entered in terms of payment? Please choose the correct answers. 8 3 2 5.
Which field status has the lowest priority (G/L accounts)? Please choose the correct answer. Required entry Optional entry Display Hide.
For which of the following transactions can you use noted items? Please choose the correct answer. Down payment request Late payment Vendor payment Customer payment.
When can you set the open item management indicator in a general ledger account? There are 2 correct answers to this question. When an account has a zero balance When an account is used as a reconciliation account When an account is required for clearing When an account is set up as a cost element.
On what basis does the system determine the period for the asset retirement? Please choose the correct answer. Asset value date (asset retirement date) Net book value.
Which of the following tolerance groups should every company code always have? Please choose the correct answer. Named Defined Special Blank.
Where is the billing document created? Please choose the correct answer. Accounting Financial accounting Materials management Sales and distribution.
SAP HANA makes extensive use of which high-speed hardware technology to offer more speed? Multicore CPUs Read-only memory Graphic Processing Units (GPUs) Solid-State Drives (SSDs).
Which deployment options exist for SAP S/4HANA? There are 3 correct answers. On-premise deployment Central hub deployment Hybrid deployment Cloud deployment Agile deployment.
Which sequence of steps allows a three-way match in procurement transactions? Please choose the correct answer. Purchase order, invoice receipt, good receipt. Purchase requisition, purchase order, goods receipt. Purchase order, purchase requisition, invoice receipt. Purchase requisition, good receipt, invoice receipt.
You need to make the line item text field mandatory during document entry. Which objects should you analyze to fulfill this request? There are 2 correct answers. Posting key G/L account Account group Document type.
On which organizational unit level do you define a chart of depreciation? Please choose the correct answer. Asset class Chart of account Company code Client.
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