Which items can you clear with the automatic clearing program?
1
Noted items
Items with withholding tax entries
Bank transaction items
Statistical postings.
Which of the following activities does the system perform during the payment run?
3
The system clears open items.
The system exports a list of documents to be paid.
The system supplies the print programs with necessary data.
The system makes postings to the G/L and AP/AR subledgers.
What information is updated on the invoice when you post a complete payment?
2
Clearing date
Clearing reason code
Clearing document number
Clearing bank.
Which data can you edit in the payment proposal?
3
House bank
Payment block
Cash discount
Invoice amount
Payee.
Which of the following logistic processes are involved in asset acquisition with materials management (MM)?
3
Purchase order
Purchase requisition
Goods receipt
Inventory receipt.
Which prerequisite must be met by the technical clearing account for integrated asset acquisition?
1 The account is created for all active company codes of the client.
The account is assigned in the asset account determination for each valid depredation area.
The account is a profit-and-loss account that must be open item managed.
The account is a reconciliation balance sheet account for fixed assets.
In an asset main number in Asset Accounting, which information can be different between international GAAP and local GAAP?
2
Net book value
Capitalization date
Asset class Deprecation start date
.
Which of the following has to be created and assigned to an organizational structure before the Financial Closing Cockpit can be used?
1
Task list template
Programs
Flow definitions
Subfolders.
Your customer- performs pre-closing activities on the last day of the month. Which activities are typically executed during pre-closing?
2
Create the asset history sheet for asset accounting
Perform foreign currency valuation for accounts payable.
Post recurring entries for the general ledger.
Process bad debt expenses for accounts receivable.
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?
1
Document date and asset value date
Posting date and asset value date
Posting date and entry date.
Document date and posting date.
Identify the callup points that have been provided for Financial Accounting (FI).
3
Controlling area
Complete Document
Document line
Organizational unit
Document header
.
Which of the following information is entered in the chart of accounts segment of a G/L account?
3
Control fields
Consolidation fields
Currency fields
Account number.
With the automatic clearing program, a user can clear open items for which of the following items?
2
General ledger
Special general ledger indicator
Currency
Subledger accounts.
Which of the following fields can be changed in the document header?
2
Currency exchange rate
Document date
Reference number
Document header text.
Identify the criteria that usually differentiate between document change rules.
2
Company code
Open items
Account type
Asset class.
On which levels can you activate document splitting?
2
Ledger level
Document type level
Company code level
Client level.
Which entries can you define when maintaining a G/L account?
3
Account Type
Profit center
Ledger assignment
Field status group
Account group.
Which of the following are the steps of Intercompany reconciliation?
3
Manual reconciliation and communication
Automatic presentation of reconciled and non-reconciled data
Document selection and data storage
Automatic assignment of documents.
Which fields can you edit before posting a parked document?
3
Currency
Amount
Document type
Account
Posting date.
Which objects can be posted to by more than one company code?
2
Cost center
Business area
Sales organization
Profit Center
Segment.
You need to make the line item text field mandatory during document entry. Which objects should you analyze to fulfill this request?
2
Account group
Document type
Posting key
G/L account.
Which dates can you use for tax calculation?
2 Due date
Document date
Entry date
Posting date.
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?
2
Account type
Ledger
Company code
Document type.
You are asked to explain the assets under construction functionality in SAP S/4HANA. What should you highlight? (choose 2)
2
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.
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.
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? (choose 2)
2
Bank determination
Paying company codes
Payment terms
Special G/L indicators.
Which standard currency types must be used when configuring the currency settings for company codes?
2
Controlling area currency
Docment currency
Company code currency Group currency.
Which requirements do you need to fulfill to use data aging for Finance in the SAP S/4HANA system?
3
Activate aging on SAP HANA
Define the logical file path as a global path for data aging
Activate data aging for your company code
Switch on the data aging business function
Add required authorizations for data aging to your role.
Which parameters can you specify when you create a new correspondence type?
3
Document number required
Reason code required
Company code required
Number of date fields required
Account required.
You want to configure the tax calculation procedures. What are the main elements you need to define?
3
Condition type
Account or transaction key
Tax code
Sequence of steps
Country key.
Which closing activities are used in external reporting as per SAP best practices?
2
Reclassify receivables and payables
Update product cost estimates
Perform valuations of open items in foreing currency
Execute the plan cost center assessment cycle.
What account types can you use to classify general ledger accounts in SAP S/4HANA?
3
Field status group
Secondary costs
Balance sheet
Non-operating expense or income
Reconciliation accounts.
Which of the following are the month-end closing activities for external purposes?
2
Perform foreign currency valuations
Post goods issues for deliveries to customers
Close the old period
Create external and internal reports.
What settings can you define specifically for an asset class?
3
Synchronization rules for asset and equipment
Asset under construction category
Maximum amount for low-value assets
Default transaction type for asset posting
Account determination key.
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?
1
Functional Area
Segment
Cost center
Business area.
You have been asked to set up house banks as part of the implementation. What information do you need?
3
Company Code
Bank master data
Payment method
General ledger account
Supplier account.
You are responsible for configuring document splitting. What are some of the key settings?
2
Document number range
Field status variant
Business transaction variant
Document type.
What do you define when configuring asset classes?
3
Account determination
Financial statement version
Posting keys
Screen layout rules
Number ranges.
Which of the following statements are valid for financial document number ranges?
3
All financial document number ranges can contain numbers and/or letters
Financial document number ranges are defined at company code level
Financial document number ranges must be defined for the year in which they are used
Financial document number ranges defined at client level should NOT overlap
The same finacial document number range can be assigned to several documen types.
You define custom currency type Z1 for your company code. Which currency types must be stored in the Data Entry view?
2
Document currency
Company code currency
Custom currency type Z1
Object currency.
What is the secondary cost general ledger account type used for?
1
To post to two cost controlling account assignments at the same time
To post activities that aren’t from the main businesses of the company
To post cost Controlling account assignments statistically for fixed asset and material accounts To post internal cost allocations in management accounting
.
Which values can you define as prerequisites for triggering the general journal entry verification workflow?
3
Source company code
Profit center
Target company code
Cost center
Account group.
Which objects can define the maximum length of a general ledger account?
2
Account type
Chart of accounts
Account group
Field status group.
Which of the options are types of user fields?
2
Group Asset
Asset Super Number
Evaluation Group
Serial Number.
In SAP S/4HANA, on which levels can you maintain open posting periods?
2
Posting period variant
Controlling area
Segment
Fiscal year variant.
Which fields in the company code definition of a general ledger account are always required?
2
Group Account
Account Currency
Sort Key
Field Status Group.
Which of the following organizational units are part of the enterprise structure of financial accounting?
3
Segment
Business area
Functional area
Operating concern
Plant.
What are the parameters to define different technical clearing accounts for integrated acquisition in new asset accounting?
2
Account determination
Chart of accounts
Company code
Chart ofdepreciation.
What kind of automated checks are available for the financial statement version?
2
Check the financial statement notes for non-noted item accounts
Check for duplicate item keys
Check for accounts assigned to one side only
Check for incorrectly assigned accounts.
What can you manually select to copy when you copy a company code?
3
Controlling area assignment
General ledger account data
Document splitting rules
Company code currency
User profiles and roles.
What can you enter in the header section of the Post Outgoing Payments app?
3
Customer
Payment terms
Discount amount
Value date
Bank fees.
Your customer wants to convert their SAP ERP classic general ledger to SAP S/4HANA. What system configuration options are available for the customer within the convened system?
2
Implementation of document splitting
Implementation of additional currency type
Implementation of chart of accounts conversion
Implementation of additional ledgers for parallel accounting.
Which ledger-specific configuration can you maintain at company code level?
2
Posting period variant
Financial statement version
Fiscal year variant
Field status variant.
What does the posting key define?
2
Debit or credit line
Document type
Tax code
Account type.
Flat-rate individual value adjustments are valid for which types of accounts?
3
Chart of accounts
Leading ledger
Fiscal year variant
Segment
Company.
At which levels can validations and substitutions for financial accounting be defined?
3
Complete document
Header
Universal Journal
Line item
System data.
What types of chart of accounts are there?
3
Organizational chart of accounts
Group chart of accounts
Operational chart of accounts
Functional chart of accounts
Country chart of accounts.
What do you define for a tax code?
2
Fixed tax amount
Tax relevant accounts
Valid tax types
Tax percentage rates.
What checks can you perform from the Audit Journal app?
3
Check gaps in journal entry numbering
Check nonbalancing accounts
Display journal entry changes
Display journal entry warnings
Check multireferenced invoices.
You are performing a system conversion for a customer that uses classic general ledger with the accounts approach. Whatmust youconfigure in SAP S/4HANA for local and international accounting standards in order to migrate the account values?
3
Document types
Ledger groups
Standard ledgers
Valuation areas
Accounting principles.
When a payment in foreign currency clears the amount of the invoice exactly in the foreign currency but in the local currency is more than the invoiced amount, what does the system do?
1
Return the difference back to the customer.
Post to profit from exchange rate differences.
Adjust the local currency amount to clear the invoice exactly.
Leave the amount as an open item to be reconciled with open amounts in the future.
On which levels can you maintain useful life for documents of a company code in the context of data aging?
2
Profit center
Account type
Document type
Number range interval.
At which point is the down payment request created in the integrated down payment process with purchasing?
1
Purchase order
Purchase requisition
Goods receipt
Invoice verification.
A customer wants to analyze a G/L account, which is presenting asset acquisition value, on an investment order. What do you maintain in the G/L account master record to achieve this?
2
Select the Record Account Assignment indicator.
Define the G/L account as an asset reconciliation account
Set the G/L account type to Non-operating Expenses or income
Enter value 90 in the cost element category field.
What can you do with asset accounting in SAP S/4HANA Finance?
3
Assign separate settlement rules for depreciation areas.
Define transaction types by depreciation area
Simultaneously post separate values by depreciation area.
Complete periodic acquisition and production cost adjustments postings.
Post revenue for retirements by acquisition and production cost.
What is the main differentiating factor of posting a manual accrual document compared to other manual transactions?
1
Reference field
Document type
Transaction type
Reversal reason.
Which transactions lead to asset capitalization?
3
Valuated goods receipt
Purchase order in purchasing
Nonvaluated goods receipt
Assets under construction settlement
Intracompany transfer.
Which values can be posted to a specific ledger?
3
Accruals
Taxes
Depreciation
Currency valuation
Payments.
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