During the archiving procedure, if the application generates a specific log, it is used; otherwise, you need to manually create a log.
Determine whether this statement is true or false. True. False.
What are the two phases of AuC that are relevant to Asset Accounting?
There are 2 correct answers to this question. Accounting phase. Useful life phase Assets transfer phase Under-construction phase.
Your customer wants the document numbers for two separate document types to share the same number range.
How can you achieve this? Enter the same document number range in the customizing definition of both document types. Create two internal number ranges with the same range and assign one each to the relevant document types. Create two external number ranges with the same range and assign one to each of the relevant document types. Create a substitution rule that updates the document number based on the range you assign in the rule definition. .
What is the purpose of the group account number in General Ledger account master data maintenance? It is used for cross-company-code reporting if the company codes use different charts of account. It acts as the key to identify the balance sheet and profit-and-loss accounts in the financial statement version. It defaults the number interval that is applied for the G/L account number in the company code. It determines the fields in the entry screen when you create or update a master record in the company code .
Identify the criteria that usually differentiate between document change rules.
There are 2 correct answers to this question. Account type Open items Company code Asset class.
Which reporting tools are available with SAP S/4HANA embedded analytics?
Note: There are 2 correct answers to this question Query Browser KPI modelling apps SAP Analytics Cloud. SAP Analysis for Microsoft Office .
You need to make the line item text field mandatory during document entry. Which objects should you analyze to fulfill this request?
Note: There are 2 correct answers to this question. G/L account. Posting key Account group Document type .
What settings can you define specifically for an asset class?
Note: There are 3 correct answers to this question. Maximum amount for low-value assets. Synchronization rules for asset and equipment Asset under construction category Default transaction type for asset posting Account determination key .
Which of the following retirement types is referred to as scrapping? Unplanned depreciation of remaining value Partial retirement without revenue and without customer Complete integrated asset retirement Complete retirement with revenue but without customer.
Which of the following segments contains the general data of a customer or vendor that can be accessed throughout the organization?
Please choose the correct answer. Organization level.
Client level Account level Company code .
Which of the following lists support the dunning clerkâs work?
There are 3 correct answers to this question. The dunning list The dunning history list The blocked accounts list The list of vendor balances in local currency.
Which SAP technological product provides the platform required for SAP to support the digital transformation of an organization?
Please choose the correct answer. SAP CRM SAP NetWeaver SAP HANA SAP Fiori.
Which of the following methods does the depreciation key define?
There are 3 correct answers to this question. Asset sheet valuation method Period control method Base method Multilevel method .
What is the maximum dunning level that can be assigned to a dunning procedure?
Choose the correct answer. 11 7 9 1.
How many cash discount periods can be entered in the terms of payment?
Please choose the correct answer. 2 8 3 5.
Which of the following tolerance groups should every company code always have?
Please choose the correct answer. Named Defined Special Blank .
Which of the following logistic processes are involved in asset acquisition with materials management (MM)?
There are 3 correct answers to this question. Purchase order Inventory receipt Purchase requisition Goods receipt.
For which of the following special G/L transactions does the SAP S/4HANA application not update the transaction figures?
Please choose the correct answer. Special general ledger account. Customer account Vendor account Noted items .
Which is the most flexible SAP S/4HANA Cloud solution for customers?
Please choose the correct answer. Public option. Community option Private option Hybrid option .
You use the ledger approach for parallel accounting in Asset Accounting. Depreciation area 01 is assigned to the leading ledger for an area 01 is assigned to the leading ledger for leading valuation and depreciation area 32 is assigned to the non-leading ledger for parallel valuation.
What posting option should you choose for depreciation area 32? Area Posts in Real Time. Area Posts Depreciation Only
Area Does Not Post
Area Posts APC Immediately, Depreciation Periodically .
Which items can you clear with the automatic clearing program? Bank transaction items. Statistical postings Items with withholding tax entries Noted items .
During the archiving procedure, if the application generates a specific log, it is used; otherwise, you need to manually create a log.
Determine whether this statement is true or false. True False .
True or False: Anyone with an appropriate user name and password can log on to the SAP Fiori launchpad through a web browser. True False.
Which of the following special G/L transactions are noted items?
Note: There are 2 correct answers to this question. Bill of exchange payment request Down payment request Down payment Guarantee of payment.
What do you configure to allow cross-company-code transactions?
Note: There are 2 correct answers to this question. Special G/L indicator Posting keys Account types Clearing accounts.
Which of the following information is entered in the chart of accounts segment of a G/L account?
There are 3 correct answers to this question. Control fields. Currency fields Account number Consolidation fields .
You want to specify the financial statement version for asset reports in Customizing.
Where do you need to assign the financial statement version? To each depreciation area. To each company code To each accounting principle To each chart of depreciation
.
How does the system behave when an invoice is processed as a residual payment? The payment difference is written off. The payment difference is posted to a different account All documents remain in the account as open items. The original document and payment are cleared. .
What data do you maintain in the chart of accounts sections of a General Ledger account? Consolidation data. Reconciliation data User data Authorization data .
Identify the reasons for archiving data.
There are 3 correct answers to this question. Using data as a backup. Reducing the system downtime when carrying out software upgrades, recoveries, and (offline) database backups. Lowering the effort involved in database administration. Improving response times and ensuring good response times. .
Which of the following product lines does the SAP S/4HANA system rely on for most human resource management functions?
Please choose the correct answer. SAP Hybris SAP SuccessFactors Concur SAP Ariba.
Customers using classic General Ledger Accounting can use RFBILAOO to create a financial statement at which organization levels?
There are 2 correct answers to this question. Client level. Company area level Segment level Business area level .
Which of the following statements are correct?
There are 2 correct answers to this question. A task can be assigned only one possible processor. A company code can be assigned several workflow variants. It is possible to design multilevel workflow sequences. The same workflow variant can be assigned to several company codes. .
Which data sections are part of every asset class?
There are 2 correct answers to this question. Depreciation data section. Master data section Account determination data section Valuation area data section .
What must you do to create new validations and substitutions?
Note There are 2 correct answers to this question. Choose the chart of accounts Define the area of application Select the relevant call-up point Deactivate all former validations and substitutions.
Down payments received reduce the total of which of the following entities?
Please choose the correct answer. Payables Inventory Receivables Bank balance.
Which currency valuation program is replaced by FAGL_FCV?
Please choose the correct answer. SAPF130K SAPF100 FAGL_VALUATION FAGL_FC_VALUATION.
In the SAP S/4HANA application, the payment program and dunning program can access noted items for further processing.
Determine whether this statement is true or false. True False.
Which is the first step in the procedure of making down payments in the customer area?
Please choose the correct answer. Clearing Down payment request Down payment received Customer invoice.
Data in the SAP HANA database is stored in which two ways?
There are 2 correct answers to this question. Vector Row Column Random.
In which items of a financial statement version can you find values related to accounts for sales deductions and material expenses? Sales deductions in loss item Material expenses in liabilities item. Sales deductions in loss item Material expenses in loss item Sales deductions in liabilities item material expenses in loss item Sales deductions in assets item Material expenses in loss item .
Where do you indicate that the useful life of the asset sub-number is identical to the useful life of the main asset? In the screen layout of the depredation area In the asset master record of the main asset In the screen layout of the asset master record In the account determination of the asset class.
There are four dunning program steps that can be performed during the automatic dunning procedure as follows: Arrange these steps into the correct sequence.
There are 3 correct answers to this question. Start the dunning printout. Schedule the dunning run. Maintain the parameters. Change the dunning proposal. .
The usage of which of the following depreciation types can be activated per depreciation area?
There are 3 correct answers to this question. Special depreciation Unplanned depreciation Scheduled depreciation Ordinary depreciation.
Identify the steps performed during the general ledger closing operations for the fiscal year.
There are 3 correct answers to this question. Accruals are carried out. Foreign currency documents are valuated. Vendor invoices are posted. The balance carry forward program is run. .
Identify some of the fields related to the depreciation area in the asset master record.
There are 3 correct answers to this question. Useful life Scrap value Asset description Depreciation start.
Which entries can you define when maintaining a G/L account?
There are 3 correct answers to this question. Account Type Field status group Account group Ledger assignment Profit center.
What is the first step in the reconciliation process?
Please choose the correct answer. Communicate differences Present reconciled and non-reconciled data Collect data from different companies.
What do you define when you create a new document type?
Note: There are 2 correct answers to this question. Posting keys for the document type Number range for the document type Reasons for reversal Account types allowed for posting.
Which of the following types of tasks are available in the Financial Closing Cockpit application?
There are 3 correct answers to this question. Online transactions Remote tasks Flow definition Task list template.
.
You need to use foreign currency valuation in the ledger solution. Which objects must you define in Customizing?
Note: There are 3 correct answers to this question. Accounting principles Account determinations Simulation extension ledger Valuation areas Value adjustment keys.
Which of the following original Management Accounting objects can you assign in the asset master record?
There are 3 correct answers to this question. Cost center Order Cost element Activity type.
Which activities are supported by the regrouping program of receivables and payables?
Note: There are 2 correct answers to this question. Regrouping and clearing open items for affiliated companies on customers and vendors Grouping receivables and payables by their remaining life Regrouping of receivables and payables to accrual earnings or expense Regrouping open items based on changed reconciliation accounts.
You can compare text patterns in your statements using the keyword LIKE.
Determine whether this statement is true or false. True False.
What checks does the year-end closing program (RAJABSOO) perform?
There are 2 correct answers to this question. Last fiscal year has been updated. Depreciation lists and the asset history sheet have been checked. Assets are complete and error-free. Depreciation and asset balances are posted in full.
In a valuation method, which of the following is not a valuation approach for foreign currency valuation?
Choose the correct answer. Lowest value principle Strict lowest value principle Revalue only High rate of interest principle.
For which of the following transactions can you use noted items?
Please choose the correct answer. Down payment request Vendor payment Customer payment Late payment.
What object determines the number range for business partner master data? Business partner type Business partner role Business partner grouping Business partner category.
How can you post accruals?
Note: There are 3 correct answers to this question. Execute the periodic accrual run Reclassify the receivables and payables Use the recurring entry program. Post manually at the end of a period, quarter, or year. Run the depreciation program.
Which of the following parameters can be changed on a time-dependent basis?
There are 3 correct answers to this question. Variable depreciation portion Depreciation start date Depreciation key Useful life (year or period).
Your customer- performs pre-closing activities on the last day of the month. Which activities are typically executed during pre-closing?
Note: There are 2 correct answers to this question. Create the asset history sheet for asset accounting Post recurring entries for the general ledger. Process bad debt expenses for accounts receivable. Perform foreign currency valuation for accounts payable. .
Which currency types can you set in customizing activity "define setting for ledgers and currency type"?
There are 2 correct answers to this question. Local Currency Material Ledger Currency Group Currency. Transaction Currency .
It is common for companies to receive invoices for the previous fiscal year at the beginning of the new fiscal year.
Which dates must have the same fiscal year in the document entry? Document date and posting date. Posting date and asset value date Posting date and entry date. Document date and asset value date.
What does the year-end closing program in Asset Accounting do?
Note: There are 3 correct answers to this question. It blocks all postings to Asset Accounting for the closed fiscal years. It checks whether the depreciation is posted completely for the fiscal year. It posts all remaining depredation and imputed interest. It settles all assets under construction with values and maintained settlement rules. It indicates if any of the created asset master records contain errors or are incomplete.
What should you check if the balance of the GR/IR account is not zero at the purchase order item level on the balance sheet key date?
There are 2 correct answers to this question. Check to see if the goods were invoiced by the key date, but have not yet been delivered. Check to see if the goods were produced by the key date, but have not been invoiced. Check to see if the goods were ordered by the key date, but have not been received. Check to see if the goods were delivered by the key date, but have not yet been invoiced. .
Which data do you define on the bank master record?
Note: There are 2 correct answers to this question Corresponding business area A unique bank country Payment and dunning information Address data and control data.
Where is the billing document created?
Please choose the correct answer. Sales and Distribution Materials Management. Accounting Accounting Financial .
Which of the following steps are parts of the process of configuring the payment program?
There are 3 correct answers to this question. Configure the house banks Configure the paying company codes Configure the G/L account field status for document entry Configure the payment methods for each company code.
The deletion flag is one of the requirements that the system checks before archiving the master data.
Determine whether this statement is true or false. True False .
Which of the following objects are relevant to the dunning program configuration?
There are 3 correct answers to this question. Dunning levels Bank selection Expenses or charges Minimum amounts.
What technology did SAP leverage to eliminate aggregate tables from the SAP S/4HANA system while maintaining compatibility with many legacy programs?
Please choose the correct answer. Data aging Columnar store Indices Compatibility views .
You need to perform mid-year legacy system migration for assets in a new company code. Which data must you migrate?
Note;
There are 3 correct answers to this question. Accumulated depreciation per cost center Fully depreciated fixed asset master records Current year posted depreciation Current year asset acquisition transactions Closed year asset sale transactions.
Which of the following fields can be changed in the document header?
There are 2 correct answers to this question. Currency exchange rate Document date Reference number Document header text.
How many posting period intervals in SAP S/4HANA are used for postings of Financial Accounting (F I) and Controlling (CO)? 3 16 2 12.
Where can you block an open Vendor invoice for payment?
Note: there are 2 correct answers to this questions. In the general segment of the vendor master record In the invoice document during posting In the company code segment of the vendor master record In customizing for sensitive fields.
You entered a non-invoice-related credit memo and selected Net Due 30 Days as the term of payment. The Invoice Reference field is empty.
What effect does this have on the term of payment entered in the credit memo?
Please choose the correct answer. As error occurs The term of payment entered in the credit memo is ignored during clearing The term of payment entered in the credit memo is replaced by the term of payment from the last valid customer invoice The term of payment entered in the credit memo is used during clearing.
Which of the following task types are supported by the Closing Cockpit or Schedule Manager?
Note: there are 3 correct answers to this questions. Spreadsheets Transactions Reconciliation keys Notes (as a reminder or milestone) Programs with or without variant.
Down payments can be posted using a special G/L transaction. What is the main benefit of this functionality?
Please choose the correct answer. It shows data in the appendix of the balance sheet. It posts down-payments to a reconciliation account that is different from that of ordinary payables and receivables. It automatically clean down payment requests. It automatically creates the final invoice and clears down-payments against it.
What happens when you post an outgoing partial payment?
Note: there are 2 correct answers to this question. The invoice is cleared The invoice remains open A new open item is created with reference to the invoice A payment block is set on the invoice.
Since the time item display takes up additional system resources, you should only use it if there is no other way of looking at the line items. So, you should not activate the line item display for the following accounts.
There are 4 correct answers to this question. Material Stock Tax P+L statement Reconciliation Revenue.
What happens at the goods receipt step of the reconciliation process?
Please choose the correct answer.
An MM document is generated. The material sotck account is credited. FI and MM are updated simultaneously. The material stock account is debited and the invoice receipt is credited. An FI document is generated. The invoice receipt account is debited and the vendor account is credited FI and MM are updated simultaneously. The material stock account is credited and the invoice receipt id debited.
Which of the following is a typical process sequence in the Product Sale from Stock?
Please choose the correct answer. Purchase requisition>Delivery/Transport > Dunning and payment > Billing Incoming Order > Goods receipts/Transport > Dunning and payment > Billing Purchase requisition > Billing > Transport/Goods receipts > Dunning and payment Incoming order > Transport/Delivery > Billing > Dunning and payment.
Which is the typical sequence os steps in an ASAP roadmap?
Please choose the correct answer. Project Preparation > Realization > Business Blueprint > Final Preparation > Go live and Support Project Preparation > Business Blueprint > Realization > Final Preparation> Go live and Support Business Blueprint > Project Preparation > Final Preparation > Realization > Go live and Support Project Preparation > Final Preparation > Business Blueprint > Realization > Go live and Support .
You want to quickly launch the balance sheet for the company code you are responsible for from the SAP Fiori launchpad.
What can you create to achieve this? Your own application tile Your own financial statement version Your own application group Your own application catalog.
Which activity will have an impact on the net book value of an asset?
Please choose the correct answer. Changing the usefull life oh the asset Changing the assigned WBS element Changing the account determination Changing the assigned cost center.
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