TS4F01- S4 HANA Finance Part1-UNIT1 & UNIT2

What is the format of a company code key?Choose the correct answer. Two-digit alphanumeric. Four-digit alphanumeric. Six-digit alphanumeric. Eight-digit alphanumeric.

What is the name of the leading ledger that SAP provides with the standard system?Choose the correct answer. 0L. 1L. 2L. 3L.

The variant principle is used in SAP S/4HANA to assign particular properties to one or more objects. How many steps does the variant principle have?Choose the correct answer. 1. 3. 4. 5.

Which of the following is the first step in the variant principle? Choose the correct answer. Define variant. Determine values for the variant. Assign the variant to the objects. Create multiple variants.

Uses For Variant. Field status. Posting periods. Fiscal year variants.

The fiscal year variant contains the definition for the posting periods and special periods.Determine whether this statement is true or false. True. False.

The fiscal year variant specifies a period as open or closed.Determine whether this statement is true or false. TRUE. FALSE.

When are year-specific fiscal year variants used?Year-specific fiscal year variants are used when the start and the end date of the posting periods differ from one year to another. TRUE. FALSE.

In SAP S/4HANA (FI) currencies are defined using __________. currency keys. currency.

At the time of Creation of Company code,copy General Ledger Accounts are compulsory?. FALSE. TRUE.

In the hierarchy of SAP S/4HANA, a client occupies the highest level?. TRUE. FALSE.

To create a company code, copy an existing company code using the Copy, delete, check company code function. This copies the following data: Definition. Global parameters. Customizing tables. General Ledger (G/L) accounts (if desired). Account determination. Company. Business Area.

To define a company code you need the following data: Four-digit alphanumeric company code key. Company name. City. Country. Currency. Language. Address.

To set global parameters you need the following data: Chart of accounts. Fiscal year. Company code defaults.

In SAP S/4HANA, company code 0001 is a template for a general company code with no special country specifications. TRUE. FALSE.

Besides creating a country-specific company code template, the country installation program can also create a country-specific template for objects such as controlling areas, plants, purchasing organizations, sales organizations, credit control areas, and financial management areas. TRUE. FALSE.

Do not use company code 0001 as your productive company code because the country version program always uses this company code as the target company code. TRUE. FALSE.

International Accounting Requirements-Topic VS Recommended Procedure. Period accounting. Cost of sales accounting. Segment reporting. Preparation for consolidation. Parallel accounting (for example, local and international law).

More than one company code can be assigned to a single controlling area. This enables cost accounting across the assigned company codes. TRUE. FALSE.

A leading ledger can be used for each local accounting principle. TRUE. FALSE.

You do not need to create a ledger group for all ledgers because the system automatically posts to all ledgers when you do not enter a ledger group in a function. TRUE. FALSE.

Only manual postings to the appendix ledger are allowed. TRUE. FALSE.

Only the leading valuation can be posted to Controlling?. TRUE. FALSE.

Benefits of Ledger Approach ?. No specific accounts area -> no change to chart of accounts. Minimum one retained earnings accounts for all GAAPs. Standard financial statement definition. Relevance of postings for local or international GAAP specified at the document level. Only the leading valuation can be posted to Controlling.

The fiscal year can be defined as-. Year Dependent. Year Specific.

Exchange Rate Type?. Historical Rate. Bank Selling Rate. Bank Buying Rate. Average Rate. The rate on certain key date.

You can assign a validity date to each currency key defined in SAP S/4HANA ?. TRUE. FALSE.

You can use report RFTBFF00, which enables you to transfer external market data in file form, to automatically update the exchange rate table by uploading an input file in MultiCash form. TRUE. FALSE.

Which one is true? Plz seclect. Direct: Uses one unit of foreign currency for the local currency. Indirect: Uses one unit of local currency for the foreign currency. It affects all the components in which exchange rates are used. It is neither application nor country specific?.

USD 1 = EUR 0.8817. This means that one unit of the foreign currency USD costs the displayed number of units of the local currency. Indirect quotation. Direct quotation.

In some companies, several employees maintain the exchange rate table. When several employees perform maintenance, the following problems can occur: Employees maintain incorrect exchange rates unknowingly or unintentionally. Employees maintain exchange rates with the incorrect quotation, which can be indirect instead of direct, or vice versa. Several employees maintain large tables, which involve time-consuming scrolling. Multiple users cannot maintain the same table simultaneously.

The Vision of SAP HANA?. Element unnecessary complexcity and latency. Less Hardward to manage. Accelerate through innovation,simplation + In memory. Inherent data latency.

The database, which supports SAP S/4HANA (SAP HANA) can handle both OLTP and OLAP processing from a single data model and therefore we do not need to move transactional data to a separate system. This means transactional and analytical applications run off the same tables and therefore data is available in real-time at every level of detail. TRUE. FALSE.

SAP S/4HANA Enterprise Management is a great place to start and can consider as replacement of SAP ERP. TRUE. FALSE.

The following personalization options are available in SAP Fiori Launchpad: Add applications from the catalog assigned to you. Remove applications that you do not want to use. Modify and add applications for filtered report results.