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ERASED TEST, YOU MAY BE INTERESTED ONS4F03-2

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Title of test:
S4F03-2

Description:
S4F03-2

Author:
HR
(Other tests from this author)

Creation Date:
25/04/2017

Category:
Others

Number of questions: 27
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Content:
Software Update Manager (SUM) is the technical tool for system conversion to SAP S/ 4HANA. Migration starts after the SUM ABAP process and the follow-up activities. True False.
It is important not to activate new G/L manually. The flag for new GL will be manually activated later. True False.
By default, after the installation of SAP S/4HANA and before finalizing the migration, an error occurs in the case of an attempted posting, "FINS_FI_MIG 150 Data migration is not yet finished". Posting of documents is not possible. The message can be switched from error to warning/information in the test environment. The message should never be changed in a productive system as this will lead to data inconsistencies.
The fiscal year variants of productive controlling areas and all their assigned company codes may not be the same. True False.
Valuation areas are required for foreign currency valuation. Valuation areas are assigned directly to the accounting principle and thus indirectly to ledger groups. True False.
The leading ledger (usually OL), maintained in Define Settings for Journal Entry Ledger, must be always assigned to CO version 0. The leading ledger is thus representative for controlling. True False.
In SAP S/4HANA, all controlling business transactions also use document types (for example, manual reposting of primary costs). Assign the document type for postings in Controlling to a document type mapping variant. True False.
The document types can be specified on the following levels: Company code via different document type mapping variants. Controlling business transactions which can have a separate document type. Normal postings and cross-company postings which can have separate types per business transaction as well.
When no ledger group is entered in controlling transactions, all ledgers are updated in table ACDOCA (exactly as for FI transactions). True False.
Which statements are correct? Customizing steps are required before migration can start. Settings should be managed and transported via change requests. Unlike a migration to new G/L, all years with postings have to be migrated to SAP S/4HANA.
Even if you migrate to SAP Accounting powered by SAP HANA from a system (for example, EHP7) and have FI-AA (new) already active, you still must migrate every active chart of depreciation. True False.
Customizing Steps and Checks for New Asset Accounting include: Check and create accounting principles and ledger groups. Assign accounting principles to ledger groups for both approaches: - Ledger approach - Account approach Account approach: Define asset balance sheet accounts of parallel valuation as reconciliation accounts. Define a new technical clearing account for integrated asset acquisition. Quantity update: define depreciation area. Integrated transactions: specify alternative document type. Define revenue distribution for retirement by APC or net book value. Post gain/loss instead of net book value. There are restrictions of transaction types to depreciation areas.
All depreciation areas representing the same accounting principle may assign to the different accounting principle (and ledger group). True False.
In the account approach to parallel valuation, the additional valuation areas and accounting principles are assigned to ledger groups in customizing, just as in the ledger approach. The difference is that: with the account approach, the same underlying ledger is assigned, the leading ledger. with the ledger approach, a new ledger is automatically assigned to a ledger group with only that ledger included.
Technical Clearing Account for Integrated Asset Acquisition Balance behavior: Account approach: always balances to zero together with the account Contra account: Acquisition value posting in your financial statement. Ledger approach: always balances to zero per ledger group and account assignment. .
Technical Clearing Account for Integrated Asset Acquisition: is defined as a reconciliation account, but not managed on line items. different technical clearing account for asset acquisition for specific account determinations are not possible.
Define the depreciation area for quantity update, as follows: In the asset master data the quantity is only updated if a posting is performed to the depreciation area. If this IMG activity is not manually maintained, the system by default updates the quantity when a posting is made to depreciation area "01".
It is possible to indicate a different document type on the client or company code level to be used by the system for the automatically generated accounting principle specific documents in asset accounting . True False.
To specify at company code level how the system is to distribute revenues arising from asset retirements: either based on: the net book value or on APC. both net book value and APC.
An asset is being retired to the account "Clearing of revenue from sale of assets" and "Clearing or revenue from internal sale": No profit/loss (from sale) or loss from asset retirement (after scrapping) is then posted. Only Net book value is then posted.
In new asset accounting, it is not possible and not necessary to restrict transaction types to depreciation areas. If you were using transaction types that were restricted to certain depreciation areas, you can no longer use these transaction types. True False.
Settings that Need to be Applied before Asset Accounting Migration: An accounting principle is assigned to each depreciation area. The ledger group is derived from the accounting principle. Delta areas (not relevant any more) do not post. Deleting delta areas is not recommended. The leading depreciation area of each accounting principle posts in real-time for both account and ledger approaches. The leading depreciation area of each accounting principle is set to initial (00). Each depreciation area can only inherit terms/values of depreciation areas belonging to the same accounting principle An active chart of depreciation, that is assigned to a company code, is needed. A sample chart of depreciation cannot (and does not have to) be migrated. Each chart of depreciation is categorized as Ledger and Account approach compatible.
Summarization with SAP S/4HANA is no longer available. All totals are aggregated by reading line items in real-time. True False.
Definition and activation of account-based CO-PA is recommended. Revenue postings and cost of goods sold postings are updated under the relevant account and assigned to the correct market segment characteristics. Revenue postings and cost of goods sold postings are updated under the relevant characteristics and assigned to the correct market segment characteristics.
Check the correct statements below: It is recommended to activate all account-based profitability analysis during migration so that all new profitability reporting is available. Costing-based profitability analysis is still available. Both types of profitability analysis can be used in parallel. Account-based profitability analysis is the default solution in SAP Accounting powered by HANA. You need to perform a test to check if all the functionalities can be used as before in costing-based CO-PA. Fields of account-based CO-PA are derived subsequently during migration. It can be used for the next fiscal year in this scenario.
Select correct statement regarding configuring Material Ledger for SAP S/4HANA: The material ledger is an inventory sub ledger and is mandatory for SAP S/4HANA (Simplified Logistics) and must be customized and activated. The material ledger uses the currencies defined for the leading ledger in Financials. Separate currency customizing is obsolete. Materials not relevant for actual costing are no longer valuated in the ML document tables MLHD, MLIT, MLPP, MLCR and MLCD. Document data is reconstructed by read access compatibility views based on ACDOCA. All attributes of the ML data model, relevant for pure inventory sub-ledger functionality, are part of the ACDOCA table. Migration of material ledger is not necessary if SAP S/4HANA Finance is already used in the legacy system. The material ledger tables are not completely obsolete.
Which statements are correct regarding Preparing for Migration of Credit Management: Migration is not needed if FI-AR-CR credit management is not use. Migration (configuration data, master data, credit exposure data, and credit decision data) is needed when using FI-AR-CR credit management. Migration is not needed if you are already using FIN-FSCM-CR SAP credit management. It is an option to activate to FIN-FSCM-CR SAP credit management in your existing ERP 6.0 landscape before your SAP S/4HANA migration project.
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