The Chart of depreciation has 3 depreciation areas and post APC in real time. Only one of these depreciation areas is active for an asset that you created. How many documents are created when you post an external acquisition to this Asset 1 2 3 4.
You migrated to Simple Finance. What changes in the material ledger architecture after this migration Values for multi-level actual costing are calculated in real time and posted to ACDOCA The Index and Total tables from material management are replaced by tables ACDOCA All line items for material ledger are transferred to ACDOCA Prices for multiple valuations in the material master are read from table ACDOCA.
Which are the following tasks do you need to perform before you install Simple Finance
Note: 3 answers are correct Define the source ledger for migration of balances Performing the period end and closing activities for Asset accounting Reconcile material management with GL Check if all the relevant depreciation areas for parallel currencies exist Activate New GL business functions using the activate business function transaction SFW5.
Created an Appendix ledger in Customizing. What do you now need to assign to this Appendix ledger An Account type Splitting rule Document type Authorization group.
Which of the following line items will be migrated to Universal journal
Note: 2 answers are correct Accounts Receivables Cost Center Accounting Costing based COPA Classic PC.
You are configuring a company code and a Controlling area in Simple Finance.
Which configuration is possible Same Fiscal year variant and different operating chart of accounts Different Fiscal year variant and same operating chart of accounts Different fiscal year variant and different operating chart of accounts Same fiscal year variant and same Operating chart of accounts.
Which upgrade cycle does the cloud edition of SAP S4 HANA provide Optional Annually Optional Quarterly Required Quarterly Required Annually
.
What does the system do when you execute the Re-generate CDS views and field mapping transaction It re-generate custom fields in CDS view It re directs SELECT statements from the concerned data base tables to the corresponding compatible views It re-generates the mapping of custom fields in the data migration It adds COPA tables to ACDOCA It re-directs WRITE statements from the concerned data base table to the line item tables ACDOCA.
In which level do you plan the data records in Integrated Business Planning for Finance Financial Management area + Commitment item Controlling area + Cost element Company code + GL account Characteristics + Value fields.
You customer has used the following system configuration for ledgers. 0L and L1 are standard ledgers. They are assigned to ledger group GRP1. 2 appendix ledger – A1 and A2 are based on 0L. Appendix ledger A3 is based on L1.
What happens when there is a posting happens to ledger group L1 0L and L1 are updated All the ledgers are updated L1 and A3 are updated Only L1 is updated.
Which of the following business processes posts accounting principle dependent documents in the Universal journal entry Order settlement to a AUC Periodic acquisition and production costs APC postings Planned depreciation Direct asset acquisition from vendor.
Your customer uses a company code with a fiscal year variant that has 12 normal postings and 4 special postings in Leading ledger. The Company code is linked to a Controlling Area that has fiscal year variant that has 12 normal and 2 special posting periods. The parallel ledger L1 of the company code uses the fiscal year variant that has 4 normal and 2 special posting periods. All fiscal year variants have the same start and the end dates. The Fiscal year variant of the Controlling Area must be aligned with FI leading ledger The Fiscal year variant in FI leading ledger must be aligned with the Controlling Area The Fiscal year variant in the FI Non-leading ledger must be aligned with the leading ledger The Fiscal year variant in all FI ledgers must be aligned to the Controlling Area.
In New Asset Accounting in Simple Finance. Which of the following tables are updated after the partial sale of Asset Depreciation terms – ANLB Planned depreciation and revaluations – FAAT_PLAN_VALUES Year dependent attributes for depreciation – FAAT_YDDA Document header Asset posting – ANEK.
Which of the following components update data in real time Universal Journal for Simple Finance
Note: 3 answers are correct Asset Accounting Product cost for planning Account based COPA O/H costing None Costing based COPA.
Your customer is setting up a New Simple Finance system for a new subsidiary. The customer wants to migrate a custom ALV report that read from the table FAGLFLEXT from its legacy SAP ECC 6.0
What would you do before proposing a solution
Note: 2 answers are correct Check if the new standard delivered system including SAP FIORI includes a report that could cover the customers requirement Check if you can setup a separate BW system and feed the data from both systems to the SAP BW system to export the report from there Check if there are custom fields in FAGLFLEXT on the legacy system that was used in the report and not available in the new system Check if you can transfer the data from Simple Finance system to Legacy system SAP 6.0 and export the report from there.
How can you setup the Material ledger to update the Universal Journal in Simple Finance Use the material ledger Costing run Configure the material ledger with price determination indicator 2 Configure the material ledger with price determination indicator 3 Use the material ledger alternative valuation run.
What can you do with parallel accounting using GL accounts fields in the company code settings for
Ledgers Assign Appendix ledger to the ledger Use the Second additional currency field for new installation Define different accounts for each accounting principle in Asset accounting Assign more than 1 accounting principle to a ledger.
Your customer defines the Internal Order with a profitability segment as a receiver in the settlement rule
Which financial documents is generated when you post a invoice to the Internal Order
Note: 2 answers are correct
Controlling document Asset accounting document Costing based Profitability document None Accounting document.
The system is on SAP Simple Finance. You have defined 3 accounting principles with corresponding depreciation areas that posts in real time. You post a partial scrapping to the IFRS accounting principle for an asset.
How many documents are created One ledger groups specific documents for the IFRS accounting principle One operational entry document and one ledger group specific document for IFRS accounting principle One operational entry document and one ledger groups specific document for each accounting principle One ledger group specific document for each accounting principle.
You activate Account based COPA in SAP Simple Finance. Which benefits does it provide
Note: 2 answers are correct You no longer need to execute settlement for COPA
You can freely define & post to value fields You can update profitability attributes for every Profit/Loss line item The system derives profitability attributes during posting.
You customer wants to specify the document types used for Controlling transactions.
On which of the following levels can you specify the document types
Note: 3 answers are correct
Valuation Area Cross company postings Company code Controlling Area Controlling Business transactions.
A customer is using Simple Finance. Accounts approach for parallel valuation is used. There are 2 parallel currencies and 3 accounting principles. Your customer wants to configure the New Asset Accounting, additionally the customer wants to evaluate the delta between values for the accounting principles for each asset classes in the company code currency
What is the minimum number of depreciation areas that you need to configure 6 9 12 15.
What are the benefits of Integrated Business Planning for Finance:- New Single table is available to store all the planning data GL Historic planned data can be migrated to the new solution Existing planned data processes are no longer required Templates for standard planning scenarios are provided.
Your customer is using classic GL in SAP ERP. How can the customer migrate to SAP Simple finance and also take the advantage of document splitting Migrate to new GL at the end of this fiscal year and Migrate to Simple Finance at the end of the subsequent fiscal year Migrate to New GL at the end of this period and migrate to Simple finance at the end of the future period Migrate to New GL at the end of this fiscal year and Migrate to Simple Finance at the period end Migrate to Simple Finance at period end and introduce New GL functions later.
In the New Asset Accounting in Simple Finance, what has changed in the posting logic The same reconciliation account applies for all accounting principles The operational entry document updates the asset values directly Additional accounting principles specific documents are always created The Accounting principle specific documents inherit the document type from the operational entry document.
What is the benefit when using Central finance in SAP Simple Finance You avoid migrating the legacy system to Simple Finance You can use Simple finance with classic GL features You avoid the financial consolidation for separate legal entities You can move the existing landscape system to cloud.
Your customer wants to migrate from Classic GL directly to SAP Simple Finance. What must you do Enable Document Splitting Use a New GL Migration service Wait until the year and then start migration Use the provided migration guide and migration monitor.
Customer has the central user maintenance system where users maintain the single password for all IT systems. The business user reported that they cannot access the SAP FIORI Launchpad and the system reports that the user has locked. The same user can access SAP ERP using the GUI without any problems.
What do you need to do to provide the access for FIORI Launch Pad Reset the users password in the Central System Reset the user and SAP GUI for the backend server Re-assign the user in the SAP FIORI Launchpad design Unlock the user in the SAP GUI for the frontend server.
What Asset accounting data updates the Universal Journal in SAP Simple Finance Actual, Statistical and Planned postings Actual and Statistical postings Actual and Planned postings Actual Postings.
Which of the following CO transactions generate entries for COEP table as PRIMA NOTA in Simple Finance Reposting of cost and revenues Manual Activity allocation Internal Order Settlement Assessment Cycle posting.
Which posting period checks takes place when you post Controlling relevant documents in Simple Finance
Note: 2 answers are correct General ledger period opening and closing Asset Accounting Period Lock Material management period Controlling Period Lock.
Why do you create an Appendix Ledger in Simple Finance To distribute postings between FI and CO To save postings for different depreciation areas To Post adjustments for Consolidation purposes To post in closed periods To distribute revenues differently.
How are Settlement rules for AUC defined in New Asset Accounting You define a single asset for settlement for all lines per accounting principle You define settlement rules for all line per accounting principle The system defines the settlement rules per accounting principle from the investment object The system defines the settlement rule per accounting principle based on Asset classes.
A system is configured with document splitting to produce Profit/Loss statement at the profit center level.
All accounts are always split by Profit center. You post the vendor invoice document before you migrate to SAP Simple Finance. Credit: vendor and Debit: Office Supplies and Transportation costs. 2 expenses are posted to separate profit centers. The invoice carries 10% purchase tax for both (same tax code)
How many lines will be created in the Universal Journal during Migration
8 4 5 6.
The Customer uses Classic GL and plans to migrate to SAP Simple Finance.
What can you do in combination with this migration
Introduce Document splitting Introduce additional parallel ledger Change parallel accounting for the account approach to the ledger approach Eliminate reconciliation with CO.
A customer is currently using BPC and HANA Database. The customer is in the process of setting up of Central Finance system with Simple Finance premise Edition and wants to use Integrated Business Planning for Finance instead of BPC
What is the benefit of using IBP for finance in the scenario Pre-installed SAP Fiori Apps for planning are provided Advanced IBPF consolidation capabilities are provided BPC for SAP Net-Weaver licensing fees are not required The amount of data that needs to be reconciled between systems is reduced.
What is added to the migrated line items to calculate totals when you migrate balances to Simple Finance The delta from the Controlling tables The delta from the Index document The delta from the totals table The delta from the parked document.
SAP Cash Management powered by SAP HANA includes following components Cash Operations Treasury management Bank Account Management Liquidity Management Risk management.
Migration of line items - which tables system uses FaglFlexT BSAD GLT0 FAGLFLEXA.
Your customer has Z program which updates the item text filed in table BSAD. After migration to SFIN, what is the situation you have to modify the program to update the filed in table BSAD_BAK as BSAD is obsolute and the data is moved to ACDOCA, you need to modity the program accooringly you have to delete the program as the solution is non destruptive, no changes are required.
New AA supports below Joint Venture Accounting (JVA) (officially released for ledger-solution via Business Function as of EhP6) (1) Lease Accounting Engine (LAE) Real Estate Flexible Public Sector Management – Funds Management (PSM-FM) using requests (2).
which table is updated in Simple finance when we create Secondary GL account SK* CSK* SK* and CSK* None of the above.
which master data is not managed by sap master data governance in central finance Cost center Profit center Material Production order.
merge of online transaction processing (OLTP) and online analytical processing (OLAP) is useful because? eliminate unnecessary complecity less hardware to manage In memory capability.
PRIMA NOTA ENTRY VS. NON PRIMA NOTA ENTRIES AND THEIR EFFECTS PRIMA NOTA ENTRIES NON-PRIMA NOTA ENTRIES.
What is a new feature in the universal journal architecture? It aggregates data efficiently for real-time access. It replaces the Financials tables with smaller tables. It can be extended by adding CO-PA characteristics. It offers multiple BI extractors for enhanced reporting.
Which components of SAP Simple Finance, on-premise edition 1503 store entries in the universal journal? Overhead Cost Accounting Asset Accounting Costing-Based Profitability Analysis Classic Profit Center Accounting.
Your customer is currently using SAP ERP ECC 6.0 without SAP HANA. What do you need to do to migrate to SAP S/4 HANA on-premise edition? Install the SAP Business Suite on SAP HANA. Deploy the exchange innovation Configure a front-end system for SAP Fiori. Upgrade the existing database to SAP HANA. Upgrade the SAP ECC system to latest Enhancement Pack.
Your customer using the classic general ledger (G/L) wants to use the new Asset Accounting. Why would you recommend SAP Simple Finance instead of the new G/L? You do NOT need to create and use extra ledger groups You do NOT need to migrate your assets to the upgraded system. You will have real-time updates of APC values for all accounting principles. You do NOT have to disrupt your existing parallel accounting logic.
After the upgrade to SAP Simple Finance, a controller cannot create a secondary cost element. For which of the following must you provide create or change authorizations? G/L accounts Cost element groups Cost element master data G/L account sets.
Which of the following period end closing activities are optimized in SAP Simple Finance, on-premise edition 1503? Internal order settlement Work In Process calculation of actual costs Periodic activity allocation Distribution in cost center accounting Results analysis for sales orders.
You want to install Integrated Business Planning for Finance. What are the prerequisites? SAP HANA 1.0 platform SAP NetWeaver 7.40 SAP Fiori 2.0 SAP Smart Business 2.0.
When is the latest point that you can execute the SAP Simple Finance migration step 'Fill Due Dates in FI Documents'? Before setting migration to completed Before running any open item reports Directly after setting migration to completed Before releasing the system to production.
In which CO transactions can you manually enter a document type while you post the document in SAP Simple Finance, on-premise edition 1503? Activity Allocation Repost Line Items Actual Assessment Manual Reposting of Costs.
Which activities do you execute in the system preparation phase? Customize the General Ledger, Asset Accounting and Controlling for the migration. Perform the Asset Accounting pre-checks and check for data inconsistencies in Financial Accounting. Migrate cost elements, line items and balances. Install SAP Simple Finance, on-premise edition 1503, SAP HANA Live and SAP Fiori.
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