TS4F01- S4 HANA Finance Part1-UNIT3 (R)

A chart of accounts is defined with a four-character ID and has components: Chart of account key. Name of the chart of account. Maintenance language. Length of the G/L account number. Group chart of accounts (Consolidation). Block indicator.

The chart of accounts segment of a G/L account contains the following information: Account number. Name of the account (as short and as long text). Control fields. Consolidation fields.

What information you can define in COA in the company code segment?. Currency. Taxes. Reconciliation account. Sort key. Field status group. House bank. Interest calculation information.

G/L accounts are classified into the following G/L account types: Balance Sheet. Non-operating Expense or Income. Primary Costs or Revenue. Secondary Costs.

Depending on the number of retained earnings accounts, the following cases apply: One. More than one.

Account Group Control. The Number Range of the GL. The field status of the fields in the company code segment of the master record. chart of accounts.

The Account currency and Field status group fields are always the required entry fields. True. False.

Even suppressed fields may contain values that still take effect. True. False.

The following order applies in SAP S/4HANA, with decreasing priority: Optional, Display,Required,Suppressed (ODRS). Hide, Display, Required,Optional (HDRO). Display, Hide, Required,Optional (DHRO).

If Open Item management has been set up per ledger, the functionality Ledger Group-Specific Clearing (Open Item management per ledger) is available. True. False.

As a standard, when you create a G/L account, SAP S/4HANA takes the local currency as the default account currency. True. False.

Posting of items in different currencies is NOT possible irrespective of whether line item display is activated or not. False. True.

If you select in GL account the local currency, you can post to this G/L account in any currency. Other currencies are converted into the local currency for each line item. True. False.

Set the Only Balances in Local Currency indicator in the cash discount account and the GR/IR clearing account. True. False.

When you set accounts with a foreign currency, the account can only be posted to in the currency specified. True. False.

To change G/L account master data in collective processing, you can use the following options: Change chart of accounts data. Change company code data. Change account descriptions.

No inter-company code controlling can be performed because the company codes use different operational charts of accounts. True. False.

The account number of the country chart of accounts (an alternative account number) is entered in every operational G/L account company code segment. This account number can only be assigned once. True. False.

A disadvantage of using the local chart of accounts as the operational chart of accounts, is that accounting clerks familiar with the country charts of accounts will have to get used to the operational chart of accounts. True. False.

A business segment is a part of a company that meets the following criteria. A segment is a part of a company carrying out business activities that generate revenues and for which expenses can be incurred (including revenues and expenses in connection with transactions between areas of the same company). A segment is a part of a company whose operating profits are regularly inspected by the main decision-maker of the company with regard to decisions about the allocation of resources to this segment and the evaluation of its profitability,. A segment is a part of a company for which there is corresponding financial information.

business partner can have several roles, such as. contract partner (FI-CA). FI Vendor (FIAP). FI Customer (FI-AR). Customer (SD), Supplier (MM),. prospect (potential customer). business partner (general).

Each business partner has to be assigned to a grouping when you create the business partner. The grouping determines the number range (external or internal). You cannot change the assignment afterwards. True. False.

Using business partner types, you can show or hide fields in the master data. True. False.

The ---------- contains information like the reconciliation account, terms of payment, payment methods, dunning data, or correspondence settings. You can also maintain settings for posting blocks. company code data. General Data. Purchasing Organization.

A complete and integrated vendor account contains the following three segments: General data at the client level. Company code segment. Purchasing organization segment. Controlling Area Segment. Sales Area segment.

Field grouping for BP. Attributes per Clients. Attributes per BP Role. Attributes per Activity. Attributes per BP type.

The resulting field status depends on priorities. For the same criteria (more than one Business Partner Role) the priorities are: Required entry-Optional entry-Display entry-Hide entry-Not-specified. Hide-Display-Required-Optional-Not-specified.

If you do not want to use the Activity control or the Business Partner Type Control, set the field status to Optional (Opt.Entry) for all fields. This way, the BP Role control is always used. True. False.

In Financial Accounting, you can change the account group after the customer or vendor account has been created. False. True.

The definition of sensitive fields is not company code-specific. True. false.