Which of the following steps do you typically perform during a payment run with the
automatic payment program?Note: There are 2 correct answers to this questions Define maximum amounts to be paid per supplier Review the payment proposal exception list Maintain open item selection parameters. Rank bank accounts for payment.
What is the recommended organizational unit for cost of sales accounting? Segment Controlling area Profit center Functional area.
You are a group cash manager interested in the North American business market What ate the
personalization options available to you in SAP Fiori? Note: There are 2 correct answers to this questions. You can manage user access to relevant apps for your team without help from an administrator You can adapt the launchpad color theme according to predefined values for the cash report You can create a title to take you directly to the cash position of the North America business
market You can create a title group with all the apps required for you daily business for easy access.
You want to create a substitution in Financial Accounting. Which parts do you have to define for each step of the substitution?
Note: There are 2 correct answers to this questions Substitution values Check statement Callup point Prerequisite statement.
which characteristics maps the business partner to the customer and supplier account groups? Business partner grouping Business partner view Business partner account group Business partner role.
For which account can you perform account clearing in SAP S4/HANA? For any balance sheet account managed on a line item basis For any G/L account defined as a reconciliation account
For any account that can be posted in foreign currency For any account that is managed on an open item basis.
Which of the following statement best describe a noted item?
Note: There are 2 correct answers to this questions. It has an automatic statistical offsetting entry It updates the subledger and the general ledger
It can be used to remind the user about due payments It can be accessed by the payment program
.
Which information is part of the Bank Master Data?
Note: There are 2 correct answers to this questions. Data Medium Exchange (DME) details Control data Information for electronic payment transactions Address details.
What difference between the ledger approach and the accounts approach to parallel valuation
in Asset Accounting? Unlike the ledger approach in the accounts approach, you assign a separate set of accounts for
each accounting principle Unlike the ledger approach in the accounts approach, you maintain additional depreciation areas
to post the delta valuation of each accounting principle Unlike the ledger approach in the accounts approach, you define a technical clearing account for
integrated asset acquisitions Unlike the ledger approach in the accounts approach, you assign a ledger group to every
depreciation area
.
What are key reasons for preferring a new implementation of SAP S/4HANA rather than a
system conversion from SAP ERP?
Note: There are 2 correct answers to this questions.
You want to deploy SAP S/4HANA Cloud. You want to use document splitting for the General Ledger. You want to integrate the system with SAP Business Technology Platform. You want to clean up your system and use SAP Best Practices.
You assign currency type 40 to your company code in ledger 0L
Which source currency types can you select?
Note: There are 2 correct answers to this questions Company code currency Document currency
Controlling area currency
Group currency
.
How can you define a matching method for intercompany reconciliation?
It can be either defined as master data or as configuration It must be defined as master data it can be automatically determined by a user exit It must be defined as configuration.
Which of the following are valid settlement receives, when you perform settlement for an
asset under construction, on a line item basis?Note: There are 2 correct answers to this questions. Profit center Fixed asset Cost center Functional area.
Which field can you change on a posted invoice? Basel ine date Tax code Special G/L indicator Statistical internal order.
What is shared between all deployment options for SAP S/4HANA (Cloud, On-Premise) Note:
There are 3 correct answers to this questions. Code line Configuration options Data model User experience Upgrade intervals.
You are responsible for configuring document splitting.
What are some of the key settings? Note: There are 2 correct answers to this questions.
Business transaction variant Document type Field status variant Document number range.
Which of the following statement best describes how customer down payments are
integrated with Sales & Distribution (SD)
A dowm payment request is created as an SD sales order, which is automatically posted in FI as a
noted item. A dowm payment request is created as a SD billing document, which is automatically posted in FI
as a noted item. A dowm payment request is created as a SD sales order, which is automatically posted in FI
as a noted item. A dowm payment request is created as an FI noted item, which automatically generates an SD
sales order.
You have been asked to set up house banks as part of the implementation.
What information do you need?
Note: There are 3 correct answers to this questions. Company code
Payment method Bank master data Bank control key
General ledger account.
Which field can you change on a posted invoice? Tax code Statistical internal order Basel ine date
Special G/L indicato.
For which special G/L indicator do you specify a target special G/L indicator? Bill of exchange Vendor down-payment request Customer down-payment Guarantee given.
Which parameter indicates that a line can be dunned only with restrictions?
Dunning grouping
Dunning Key
Dunning block reason
Dunning area.
which characteristics maps the business partner to the customer and supplier account
groups?
Business partner role Business partner account group Business partner grouping Business partner view
.
Besides using the profit center, which options does General Ledger Accounting with
document splitting provide to assign a segment to the posting lines?
Note: There are 2 correct answers to this questions BADI implementation (FAGL_DERIVE_SEGMENT) Definition of validation rules Standard account assignment, using constants Assignment of default segments to G/L accounts.
When is it possible to set the open item management indicator in a general ledger account?
Note: There are 2 correct answers to this questions.
When an a account is set up as a balance sheet account When an a account has a zero balance When an a account is set up as a reconciliation account When an a account is set up as a secondary cost element.
Which closing activities are performed for external reporting as per SAP best practices?
Note: There are 3 correct answers to this questions.
Run plan assessment cycles for profit center Perform flat rate value adjustment for receivables Preform valuations of open items in foreign currency Perform a top-down distribution in margin analysis Regroup receivables and payables on the balance sheet.
What does the document splitting funtion do? Note: There are 2 correct answers to this questions. It enriches all relevant balance sheet account lines with the defined splitting characteristics. It ensure that you can create complete financial reports per profit center if it is required by the
business. It enable the automatic creation of additional posting documents for each defined splitting
characteristics. It enriches all customer and vendor line items with the defined splitting characteristics in the
relevant subledgers.
To use the SAP Financial Closing cockpit, which steps are required?
Note: There are 3 correct answers to this questions.
Create task groups Define the person responsible for tasks. Create a template. Define the task dependencies. Release the task dependencies.
You must run the foreign currency valuation for both US GAAP and IFRS. which leads to
different values for the two different accounting principles.
How can you set this up in the system?
Define two valuation methods and assign the ledger groups to the new valuation methods Define two valuation area and assign and two extension ledgers with relevant links to accounting
principles Define two valuation methods and assign the accounting principles to the new valuation methods Define two valuation area and assign and two accounting principles with relevant links to ledgers.
Which of the following should you consider when defining asset number range?
Note: There are 2 correct answers to this questions.
Each asset number range must be assigned to unique asset class Asset number ranges are defined at chat of depreciation level Asset number ranges are defined for asset classes and are company code specific Each asset class can be have either an internal or external number range.
You are starting the fiscal year-end process in Asset Accounting in SAP S/4HANA.
What are the year-end closing program checks for Asset Accounting?
Note: There are 2 correct answers to this questions.
Asset master data is complete and without errors. Posting periods are closed for asset G/L accounts. Depreciation is posted in full for all assets. The fixed asset fiscal year change is complete.
What do you need to do to configure a new exchange rate type in SAP S/4HANA?
Note: There are 2 correct answers to this questions.
Maintain exchange rates daily. Set up the relationship between currencies using translation ratios. Specify the company code currency as the base currency. Specify a purpose for the exchange rate type.
You are getting ready to post you first simple general ledger document using the SAP Fiori
app for posting in the test environment.
What configuration items do you need to set up to post a simple document?
Note: There are 2 correct answers to this questions.
Line item text templates must be maintained The posting period variant must be created and assigned Number range and document types must be maintained Automatic account determination must be maintained.
On which levels can you maintain field status controls for business partners (BP)?
Note: There are 2 correct answers to this questions.
Company code BP role BP type BP category.
What are prerequisites for the 3-way match to work in procurement transactions?
Note: There are 2 correct answers to this questions.
Invoice receipt posted in reference to the purchase order Invoice receipt posted before the goods receipt Good receipt posted before the invoice receipt Goods receipt posted in reference to the purchase order.
Your SAP S4/HANA system is integrated with controlling, You perform cost-of-sales
accounting and you profit and loss per profit center.
When posting a supplier invoice to a primary cost account, wich field is mandatory by standard
procedures?
Functional area Segment Business area Profitability segment.
What are the characteristics of a company in SAP S/4HANA?
Note: There are 2 correct answers to this questions.
It is responsible for costs and revenues within an organization. It can be assigned to a company code. It represents separate areas of operation within an organization. It is considered for consolidation.
What can you control with the reason code in Accounts Receivable?
Note: There are 3 correct answers to this questions.
The special G/L indicator for the down payment The account where a residual item is posted The exclusion of disputed residual items from credit limit checks The type of payment notice sent to a customer The document type of the payment.
In your SAPS/4HANA system, you want to archive the G/L accounts that are not used by the
business in any company code. What are prerequisites to archiving all data of a G/L account?
Note: There are 3 correct answers to this questions.
Set the deletion flag in the company code data of the G/L account. The account is not used in any automatic account determination. Transactional figures are older than a customizable amount of years. Set the deletion flag in the chart of accounts data of the G/L account. There are no transaction figures for the account.
You are asked to explain how assets under construction work in SAP S4/HANA What should
you highlight?
Note: There are 2 correct answers to this questions.
It's possible to post credit memos, ever after assets under construction are fully capitalized It's possible to post special tax depreciation and investment support for assets under construction It's possible to to use asset under construction with investment management It's possible to calculate and post depreciation in the balance sheet depreciation area for assets
under construction.
How does the system determine the correspondence type of a payment notice?
According to the tolerance group, as long as all tolerance groups carry the same correspondence
type According to the reason code, as long as all tolerance groups carry the same correspondence type According to the reason code, as all reason codes carry the same correspondence type According to the tolerance group, as all reason codes carry the same correspondence type.
What does the document type control?
Note: There are 3 correct answers to this questions.
Whether postings to special periods are permitted Which posting keys are allowed for postings whether postings to secondary cost accounts are permitted Which account type are allowed for postings Whether negative posting are permitted.
You want to configure the tax calculation procedures.
What are the main elements you need to define?
Note: There are 3 correct answers to this questions.
Sequence of steps \/ Q Account Key Condition type Tax category Tax code.
Which of the following statements are valid for financial document number ranges?
Note: There are 3 correct answers to this questions.
The same financial document number range can be assigned to several document type All financial document number ranges can contain numbers and/or letters Financial document number ranges defined at client level should NOT overlap 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.
Which steps are required to create a substitution in Financial Accounting?
Note: There are 3 correct answers to this questions.
Select the correct call-up point. Specify an authorization group. Define the substitution rule with its different steps using the formula editor. Assign the substitution rule to the controlling area. Select Activation Level 2.
What items are NOT cleared by automatic clearing program?
Note: There are 3 correct answers to this questions.
Items with- sales and use tax Statistical postings Items with withholding tax Noted items Items with value-added tax.
Which statement best describe extension ledgers in SAP S/4HANA?
Note: There are 2 correct answers to this questions.
Multiple extension ledgers can point to the same underlying ledger Extension ledgers can be assigned their own fiscal year variant Extension ledgers can be assigned their own posting period variant Extension ledgers can have different currencies than the underlying ledger.
7 What dunning-related data do you maintain on the business partner master record?
Note: There are 2 correct answers to this questions.
Dunning block Dunning key Dunning interval Dunning area.
How do you configure depreciation areas in SAP S4/HANA?
Note: There are 2 correct answers to this questions.
Ensure a ledger group is assigned to each accounting principle Assign depreciation area 01 to the leading ledger Assign each accounting principle to a depreciation area Ensure all depreciation areas always post to the general ledger.
Which fields of a financial accounting document influence the automatic payment program?
Note: There are 3 correct answers to this questions.
Payment method Payment transaction Payment type Term of payment Baseline date.
How does an automatic intercompany asset transfer work?
It assumes that the transfer happens between two independent legal entities It determines the relationship type automatically, using the company code determines the relationship type automatically, using the company ID It does NOT allow a transfer to happen within a single legal entity.
Which elements define the integration of asset acquisitions with the general ledger?
Note: There are 2 correct answers to this questions.
Valuation Area Depreciation Area Asset Class Depreciation Keys.
Which of the following is technical year-end closing activity in SAP S4/HANA?
Foreign currency valuation must be posted Accruals must be posted Balance sheet adjustments must be posted Ledger balances must be carried forward.
You are responsible for implementing Asset Accounting. You are provided with the legacy
data of various assets and their grouping information based on classifications, useful life, and
depreciation terms.
What configuration step would you initiate to maintain these categories in SAP S/4HANA?
Define depreciation areas for each category of legacy asset. Define depreciation areas to transfer all the legacy data. Define asset classes and maintain their attributes. Define depreciation keys and calculation keys.
You define custom currency type Zl for your company code. Which currency types must be
stored in the Data End view?
Note: There are 2 correct answers to this questions.
Global currency Company code currency Document currency Custom currency type Zl.
What are prerequisites for the 3-way match to work in procurement transactions?
Note: There are 2 correct answers to this questions.
Goods receipt posted in reference to the purchase order Invoice receipt posted in reference to the purchase order Good receipt posted before the invoice receipt Invoice receipt posted before the goods receipt.
What do you define when configuring asset classes?
Note: There are 3 correct answers to this questions.
Transaction types Number ranges Screen layout rule Posting keys Account determination.
A general ledger account is defined with the account type "Nonoperating Expense or Income"
Where can this account be used?
Profit and loss account that is used in margin analysis Profit and loss account that is used in margin analysis and profit center accounting Profit and loss account that is used in overhead management accounting Profit and loss account that is used in profit center accounting.
You want to edit a dunning proposal.
Which actions can you perform?
Note: There are 3 correct answers to this questions.
Block an account. Raise the dunning level of an item. Change a document. Lower the dunning level of an item Block a I ine item.
You want to configure the default baseline data for the payment terms of an incoming
invoice.
From which date can you derive the baseline date?
Note: There are 3 correct answers to this questions.
Posting date Document date Value date Entry date Goods receipt date.
You need to post customer invoice though an interface with a non-SAP system. You want to
define a new document type with a specific document number range that matches the document
numbers of the source system.
How do you define the document number range
You must use external number assignment You must use internal number assignment You can use internal or external number assignment, but only if it is continuous You can use internal or external number assignment.
How can you create an asset under construction?
Note: There are 2 correct answers to this questions.
Automatically, when setting capex cost from an internal order Automatically, when creating an investment measure Automatically, when setting capex cost from a WBS element Manually (transaction AS01), using a specific asset class.
You perform foreign currency valuation for open items of you supplier accounts. The
valuations will be used only for period end reposting and should them be reversed. What account
does the system use to post the valuation differences?
Alternative reconciliation G/L account Individual supplier accounts with special G/L indicator Supplier reconciliation G/L account Adjustment G/L account for foreign currency.
You are configuring asset-related posting of depreciation areas in Asset Accounting for a
company code that uses the ledger approach to parallel valuation.
Which of the following setting would lead to an error?
Area posts depreciation only Area posts APC immediately, depreciation periodically Area posts in real time Area posts not post.
What area the maintenance levels of a screen layout rule for asset master data?
Note: There are 3 correct answers to this questions.
Group asset Asset class Asset subnumber Main asset number Depreciation area.
Which statements best describe a profit center?
Note: There are 2 correct answers to this questions.
It is an object for which separate balance sheet and P&L statements can be created, whether
segments are being maintained or not. It is the only object from which segments can be uniformly derived. It is an object for which separate balance sheet and P&L statements are ,created only when used
in conjunction segments. It is the only object that can be uniformly derived using segments.
What are some features of SAP HANA?
Note: There are 2 correct answers to this questions.
SAP HANA is optimized to organize data using column stores. SAP HANA is optimized to work with aggregates and index tables. SAP HANA is allows transactional and analytical processing from the same tables. SAP HANA is built on a hierarchical data model architecture.
.
Which of the following closing activities is a so-called technical closing step?
Process purchase order accruals Perform asset depreciation run Perform valuations of open items in foreign currency Close the previous period in Material Management (MM).
You post a purchase order.
For which expenses does the system calculate accruals?
Note: There are 2 correct answers to this questions.
Consulting Services Insurance premiums Fixed asset purchases Raw material purchases.
Which prerequisites must be fulfilled to allow for negative posting of journal entries?
Note: There are 2 correct answers to this questions.
The posting key must allow negative postings The company code must allow negative postings The reversal reason must be configured to allow negative postings The reversal accounts must be configured to allow negative postings.
In your system, you currently perform manual outgoing payments and you want to use the
automatic payment program. Which new settings must you maintain as part of the configuration of
the automatic payment program?
Note: There are 2 correct answers to this questions.
Payment terms Payment run Bank determination Paying company codes.
What archiving step must precede archiving a supplier invoice posted directly to FI?
Archive accounts payables master data Archive data in CO Archive FI transaction figures Perform compression run.
Which parameters can you specify directly when you create a new correspondence type?
Note: There are 3 correct answers to this questions.
Reason code required Company code required Number of date fields requied Document number required Account require.
You forgot to add a new general ledger account to the financial statement version.
What impact does this have on the net profit and net loss?
The balance of the new account is added to the notes in the financial statement item section and
is excluded from the calculation The balance of the new account is added to the in the financial statement item section and is
included from the calculation The balance of the new account is added to the non-assigned selection and excluded in the
calculation The balance of the new account is added to the non-assigned selection and included in the
calculation.
Which date is used to determine the depreciation star date?
Baseline date Acquisition date Posting date Asset value date.
In your SAP S4/HANA system, you report financial values for two separate accounting
principles. You post an acquisition for an asset that is capitalized in a single accounting principle.
If you use the application to post integrated asset acquisitions, how many documents will the system
post?
2 4 3 1.
You 'd like to set up low values asset (LVA) management.
What do you need to do?
Define two separate asset classes to manage LVA using individual or collective management Specify the minimum amount for LVA at three levels: company code, depreciation area and asset
class Specify the minimum amount for LVA at two levels: company code and chart of depreciation Define a base unit for measure for LVA in individual management.
You want to post journal entries in a special period.
Which conditions must be met?
Note: There are 2 correct answers to this questions.
You must enter a posting date in the last posting period The balance carry-forward to the new fiscal year must have happened The special period must be open for posting in the period control The last posting period must be open for posting in the period control
.
What are the features of the Accrual Engine in SAP S/4HANA?
Note: There are 2 correct answers to this questions.
All accrual calculations must be reviewed and approved before posting. Accrual postings with a maximum of two line items are supported. All currencies of the general ledger are supported. The fiscal year variant of the general ledger is supported.
You are running an international business and you want to set up separate legal entities to
run operations and perform accounting activities.
Which organizational unit do you need to create for each legal entity?
Segment Company Code Consolidation unit Company.
How does SAP S4/HANA support the treatment of taxes?
Note: There are 3 correct answers to this questions.
It checks the tax amount entered and automatically calculates the tax It post the tax amount to tax accounts It checks the tax codes and automatically updates the taxes based on changes by tax authorities It adjust the tax codes and automatically updates the procedure It performs tax adjustments for cash discounts and other forms of deductions.
The country that your company code operates in has defined a new VAT tax rate percentage
of 15%, which will become effective at the star of the next fiscal year. You create the new VAT codes
05 and 15 to cover this requirement.
How can you ensure that users use the new tax codes when entering tax relevant documents starting
next year?
Enter the new tax codes as default for users who have authorization to post general ledger
transactions after balance carry forward is done Enter the appropriate new VAT code in the tax category field of the relevant expense and revenue
G/L accounts after balance carry forward is done Create a substitution that changes the deprecated VAT code when relevant new one when
entering documents with posting data in the new year Create a validation that issues an error when the user uses a deprecated VAT code when entering
documents with posting data in the new year.
What area of the benefits of how data handled in SAP S/4HANA?
Note: There are 2 correct answers to this questions.
The data is aggregated in real time from any line item table. The data is constantly auto-archived to optimize memory usage. The data is available in real time at line item detail. The data is summarized into higher levels of aggregates to accelerate system performance.
How does the system perform the normal reversal of a journal entry?
It creates an inverse posting by resenting the transaction figures for cleared documents. It creates an inverse posting by increasing the transaction figures. It creates an inverse posting by decreasing the transaction figures. It creates an inverse posting by resenting the transaction figures.
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