CREATE TEST

ERASED TEST, YOU MAY BE INTERESTED ON ONE TEN-2

COMMENTS	STATISTICS	RECORDS

TAKE THE TEST

Title of test: ONE TEN-2 Description: ONE TEN-2 Author: Other tests from this author Creation Date: 18/04/2016 Category: Others Number of questions: 46

Share the Test:

New Comment

No comments about this test.

Content:

Additional new field 'GL Account Type' is added in GL Account Master Table (SKA1): True False. Accounts type 'Secondary Costs' can be used only for internal CO allocations. Right Wrong. Default account assignments maintained in former cost element master data are migrated to transaction OKB9 as part of the migration process. Right Wrong. The merge of cost elements and G/L accounts requires adjustments to authorizations for creating cost elements: If you want to maintain accounts of the Account type Primary Costs or Revenue, you need to have authorization to create or change Cost Element Master Data. If you want to maintain accounts of the Account type Secondary Costs, you need to have authorization to create or change G/L Accounts. 'Statistical' cost elements of category 90 are created automatically when: You create a Balance Sheet G/L Account. The Account Group is one used for fixed asset or material accounts. The account is a reconciliation account for assets or material. The accounts have been setup in the Asset or Material management account assignment. You select the check box "Apply Acct Assignments Statistically in Fixed Asset Acct/Material Acct". In the Fiori application, you can lock the period per ledger, especially useful for working with appendix ledgers. Yes No. --> Select correct answers for creation of GL master in S/HANA. Only one master record is required. Cost element creation is part of GL master. New attribute "GL account type" is new field in GL master. Secondary cost elements are blocked against manual postings. The old cost elements table updated in background. --> Default account assignment can be defined only using transaction OKB9. True False Partially-True. It can be linked to cost element master. What are new Account types in GL Master? Non Operating Expenses & Income. Primary Costs & Revenues. Secondary Costs. Material accounts. Balance Sheet Accounts. What is true about retained earnings account in S/HANA? Retained Earnings account features remain unchanged. Multiple Retain Earnings accounts are not possible. Retained Earnings account logic applicable only for Primary cost & Revenues. Multiple Retained Earnings accounts are possible. The merge of cost elements and GL accounts requires adjustment to authorizations for creating cost elements. You need to have authorization to create/change Cost Element Master data, if you want to maintain accounts under account type primary costs and revenues. You need to have authorization to create/change Cost Element Master data, if you want to maintain accounts under account type Secondary costs. You need to have authorization to create/change GL Accounts, if you want to maintain accounts under account type Secondary costs. . What is True about effect on period lock? CO relevant postings do not check only the CO period lock as in the past but as well the GL period opening/closing. You have to allow postings to accounts from account type 'secondary costs' in the GL period Opening/Closing. CO relevant postings do check CO period lock as in the past but not GL period opening/closing. You have not to allow postings to accounts from account type 'secondary costs' in the GL period Opening/Closing. Is it possible to open/close posting periods for each ledger with Fiori Application? Yes No. SAP Accounting(S/HANA) benefits: Harmonized internal and external reporting. Pre-defined Aggregates possible. Aggregates on the fly via HANA views. Single repository across the applications. Appendix ledger used for: It stores delta values and points another ledger. It required additional configuration. Multi appendix ledger can't be mapped to same base ledger. It may be created for management views on top of legal data . It provides flexible mechanism for adjustment postings and reporting. ACDOCA stores all data for appendix ledgers and BSEG doesn't store any appendix ledger data. Yes No. What is correct about document summarization? BSEG summarization works and can be used as usual. It stores open and clear items ACDOCA stores the full detail that is needed for all components that base on ACDOCA. Various Assignments, match the right ones: First Level Second Level Third Level. What is Not correct about currencies for ledgers? Global currency type derived from controlling area currency. Non-leading ledger additional currencies settings inherit from leading ledger settings. 2nd additional currencies can always be used. You can define your own currencies for additional ledger. --> Which ones are Correct about company code settings for ledgers? Fiscal Year variant for Leading Ledger is inherited from the controlling area setting. Non-Leading ledgers may not have deviating fiscal year variants. Posting period variant - Basis for check of Leading Ledger/representative ledger in ledger group. Parallel accounting using GL Accounts - company is assigned to maximum of two accounting principles. . Posting interval 3 specifies the open and closed posting periods for postings from Controlling to Financial Accounting. True False. --> Cost element category 90 for Balance sheet accounts in GL master can be done with GL accounts, where it is defined as reconciliation account. Yes No. CO postings check below periods. CO periods and GL periods. GL periods. CO periods. No check. Secondary Cost Element postings check below periods. CO and FI periods. FI periods. CO periods. No check. What is the importance of posting period interval-3 in S/4 HANA Accounting? Controls open/closing posting periods for non leading ledger. Controls open/closing posting periods for CO to FI. Controls open/closing posting periods for CO and FI. Controls open/closing posting periods for CO to FI for non leading ledgers. Locking posting periods per ledger is possible in S/4 HANA. Possible in S/4 HANA system and Fiori application. Possible only in Fiori application. Possible only in S/4 HANA system. Not possible. In Simple finance CO postings possible despite FI periods are locked. Yes No. Appendix ledgers have less strict rules compare to standard ledger(0L) rules in terms of period Lock. True False. Can we set base ledger to non leading ledgers to avoid so much configuration? Yes No. --> Leading ledger currency setting is defaulted to non leading ledgers, and changes to these configuration is not possible. True False. Inconsistent documents should be corrected based on results of transaction data analysis. Yes No. --> What components included as part of Reconciliation of transactional data checks when performing technical checks in S/4 HANA migration? General ledger. Asset Accounting. Profit center. Joint venture accounting. --> Reconciliation of aggregates comparing line items is part of reconciling transaction data in S/4 HANA migration. Yes No. Secondary Costs & Revenue Element accounts updates all CSK* & SK* tables. True False. Cost element category can be controlled with GL account groups in S/4 HANA as cost elements is also part of GL accounts. Yes No. --> What is the importance of "Clearing specific to ledger groups" in GL master? Act as a OIM account for non leading ledger postings. It is replacement for OIM account and can't set both indicators at a time. You can use it for GL's where "automatic postings to be made to an account" selected. Subsequent activation is possible, if required so. You have to select "reconciliation type" if you want to use "Clearing specific to ledger groups" in GL master. True False. What is True about subsequent activation of "Clearing specific to ledger groups" in GL master? If no postings are made to GL accounts. If postings are already made but no OIM/Line item checked. If postings are already made but OIM/Line item checked. It is activated at co. code level. You are defining Unified Journal ledger, how the fiscal year variant derived in leading ledger? Inherits from Controlling Area settings. Inherits from Co. Code settings. Inherits from Ledger settings. Data of new GL industry tables (PSM, JVA) data is now stored in table ACDOCA. Yes No. Which of the following CO postings now stored in ACDOCA table? Actual items. Non actual items. Actual and non actual items. Actual and Planned items. --> Following are the transactions where you can enter your own document types & ledger groups for CO postings? Repost costs. Repost revenues. Repost line items. Manual cost allocation. Does the CO transaction postings update BSEG table all the times? Yes No. What is correct about CO postings update in BSEG table? It update BSEG table all cases. It updates BSEG when there are open item managed accounts are posted. It updates only if Ledger group contain leading ledger. It updates all ledger groups automatically. Customer defined two fiscal year variants (K4 for FI & K1 for CO), where normal and special periods are the same. Which fiscal year variant should be changed to align to configuration in S/4 HANA accounting? Co. Code. Controlling area. Customer defined two fiscal year variants (K4 for FI & K1 for CO), where normal and special periods are the same. Can we use different fiscal year variants in S/4 HANA accounting? Yes No.

Report abuse