What field on a vendor / customer payment terms expresses the calendar day to which the terms of payment are valid?.
Pick the 2 items below that allow you to control payments (these are fields that you can configure on how and if you can pay an item). Payment Method Residual Item Tolerance Group Payment Block Business Partner.
Pick the items below where you can enter the payment method and payment block key During document posting In the vendor / customer master In the terms of payment In the parameter ID of the user When creating the baseline date.
True or False: The baseline date can be calculated using a fixed day and additional months. True False.
To break a payment down so that partial amounts are due at different dates, use what setting in the payment terms config?.
Cash Discount base that includes tax is? Net Gross.
Cash Discount base that does NOT include tax is? Net Gross.
Tax codes are date specific. Pick the dates that can be used in configuration settings to determine tax code dates. Document Date Posting Date Baseline Date Due Date Payment Date.
Is the "check" indicator set in config for INPUT tax codes? (see comment for reason) Yes No.
Choose below which is the standard tax posting scenario. Post a separate line for taxes Combine the tax amount in with other GL account lines.
Line up the items below to show how Tax Accounts are defined using these symbols in config. Input Output.
Check the items below that make up a cross company code document number. Document number of the first company code First Company code number Fiscal Year Document number of the GL account Posting date.
Pick the correct answer below of where a cross company document number gets stored. In the header of all related documents In the header of just the first document created In the line items assignment of all related documents In the user master record Generated only when you exit the system.
Name the function you are doing when you are creating a document in which you enter the clearing amount of the document and then select the open items that require clearing.
What function (program) are you using when you clear groups of items for each account?.
Pick the items below that the automatic clearing program will not clear. Noted Items Statistical Postings Down Payments Items with Withholding tax entries Items with a direct tax base calculation Items posted in previous period All of these.
SAP S/4 Hana fills the _______ field automatically for a line item during posting according to the Sort field entry in the master record.
To reverse a cleared item, you must do what? Pick the ONE correct answer below. Reset the clearing Repost it automatically Process the item during payment Change the header text field to say REVERSE Exit the system the log back in.
Which of the below best describes how SAP S/4 Hana will allow you to automatically process payment differences (if within tolerance limits). Adjusting the cash discount up and then write off to a special account. Removing the payment difference so that the amounts are now within limits. Specify the tolerance group on the vendor / customer master record general data tab.
Payment differences that are beyond tolerance limits must be processed manually as which of the following (choose all that can be used). Partial Payments Residual Items Manually Post the difference to a different account Write off the balance Manual offsetting entry Reopen a cleared item and re-post to an offsetting account.
Name the type of manual payment difference that clears the original 2 items and creates a new item for the difference amount.
Where are the settings made that control how residual items work, such as the terms of payment they get, discount settings, dunning settings, etc? In the customer / vendor tolerance groups In the customer / vendor master records In the payment terms of the original items In the users employee tolerance groups.
Use ________ to describe payment differences.
To assign more than one Reason Code to a payment difference, use choose ____________.
Pick the situations below in which exchange rate differences get posted. When open items are cleared in a foreign currency When open items are evaluated for balance sheets When open items are written off to realized gains and losses When open items are cleared in local currency.
How does SAP treat items during clearing that have already been evaluated for exchange rate differences for balance sheets? Pick the correct answer. Reverse the balance sheet correction account and post the difference to realized exchange rate differences. Reverse the balance sheet correction to a different account in a company code created strictly for this purpose. Reverse the balance sheet correction and post the difference according to tolerance group settings on the user profile.
True or False. You must assign a revenue or expense account to all accounts with open item transactions in foreign currency. (in automatic account assignment configuration) True False.
The Clear Account transaction can be processed manually or automatically using the clearing program. True or False. True False.
What is the name of the tile in FIORI used to locate FI documents?.
FI Doc Type Config Contains which of the following. Number Range Reversal Doc Type Account Types Allowed Control Data "Required During Entry" checkbox Global Chart of Accounts Tolerance Group.
What doc type allows postings to all account types?.
Match up the doc types. SA DR DG DZ KR KG KZ KN.
The following are billing doc types. Match them up. RE RV.
Think about document number ranges. Check the items in the list below that are possible options on how they can be set. Year Specific Continuous (Non Year Specific) Internal External Only applicable to certain post keys Only applicable to prior year postings.
Before you can use a Doc Type for document splitting, what must you do first? Pick the right answer below. Classify the document for doc type splitting Lock the doc type to the company codes that will be using it Remove the doc type from GL posting ability.
Which of the following is controlled by line item post key? Account type that can be posted to Debit or Credit Indicator Field Status Tolerance Group Reversal Reason Line item assignment field.
Line up the default post keys below. GL Vendor Customer.
If on a line item, the post key config determines that a field is not relevant for the particular account type allowed, the field will be _______.
Chose which is correct below. GL accounts are assigned to field status groups. Field status groups are assigned to field status variants. Field status variants are assigned to company codes. GL accounts are assigned to company codes. The company codes are assigned to field status groups. Field status groups are assigned to field status variants.
Line the default post keys for the Account Types below. Assets Materials .
Special Periods (interval 1) can be locked down to select users with what authorization object?.
T code to open and close periods in FI.
T code to lock and unlock periods in CO.
To restrict amounts that can be posted by accounting clerks, use ___________.
Pick the correct answer. Vendors should carry _______ balances and customers should carry _______ balances. Debit, Credit Credit, Debit.
Pick the 2 views for accounting documents. Data Entry View General Ledger View Balance Sheet View Company Code View User Specific View.
Name the concept in the general ledger that ensures zero balances for objects below the company code level.
Check the items below that are available for which you can create P&L statements below the company code level. Profit Center Business Area Segment Cost Center Secondary Cost Element Functional Area.
Which accounting document view shows results of document splitting?.
Chose the correct answer. You activate document splitting at the ________ level and then deactivate or activate it for individual _______. Company, company codes. Document header, document types. Company code, number ranges. Client, company codes.
True or False. All company codes can use their own splitting procedure. True False.
SAP delivers standard splitting method _______.
In document splitting configuration, there are 2 checkboxes under the "level of detail" section that you can pick. What are they?.
The check which are methods of defaulting in values in SAP S/4 Hana. Parameter IDs User Master Document Entry and Display Inheritance Sort keys.
Maximum permitted exchange rate is controlled at what level?.
In SPRO, you classify doc change rules by which of the following fields? Account Type Transaction Class Company Code Document Type Post Key.
You can change a document with a posting date in a prior period. True False.
Check the items below that can be configured as changeable in line items. Post Key Amount Assignment Line Item Text Payment Terms.
Check the items below that can be configured as changeable in document header. Reference Number Header Text Document Type Header Amount Intercompany document number.
You can reverse a document using a normal reversal (FB08) or by ___________. (Not referring here to single or mass).
Check the items that are prerequisites for allowing negative postings (configuration settings). Company Code must allow negative postings Reversal reason must allow negative postings Post Key must allow negative postings. Doc Type must allow negative postings.
Yes or No. Can payment terms be changed from what defaults in from the Business Partner master record (Customer or Vendor)? Yes No.
Where can payment terms feed in from the Customer Business Partner OTHER than from the company code segment? (it's in the company code segment, but where else?).
Line these up regarding Business Partners. Sales Area Data Purchasing Org Data Company Code Data.
To ensure invoice related credit memos get the payment terms of the invoice they are related to, enter the _________ into the _______ field on the credit memo.
To activate terms of payment on credit memos not linked to invoice, enter _______ into the invoice reference field.
The 3 segments for a complete and integrated vendor and customer are general data, company code data, and: Purchasing Org Data Sales Area Data.
List the 4 areas in order in which you can set field status related to Business Partner.
For Business Partner field status, if you do not want to use the activity or business partner type controls, set the field status to ________ for all fields. This way, the BP role is always used.
How are number ranges assigned to customers and vendors?.
Business Partner Account Grouping controls which of the following. Number Range If one time vendor or not Field status Posting Dates allowed Partner Functions.
External number ranges can only be numeric. True False.
A _______ customer or vendor is to used for partners you rarely do business with.
SAP Gui transaction for Business Partners.
Concept that links Customer/Vendor master records and Business Partners in background.
If customer/vendor integration is being used, SAP S/4 Hana maintains accounts using __________.
What is used on sensitive fields in customer and vendor so that one person makes the changes and another confirms the changes?.
Accounts are automatically __________ if a sensitive field is changed but not yet confirmed.
Programs used to display changes to all accounts for customers and vendors. Customers Vendors.
On which level does the system store general data of a customer/vendor that can be assessed throughout the whole organization? Company Level Client Level Company Code Level Sales Area Level Purchasing Org Level.
FI docs are uniquely identified by what and have a max of how many lines?.
Pick 2 important control fields on an FI document. Doc Type Post Key Reference Header Text Assignment.
In the _______ segment of a GL account master record, you specify if the account is balance sheet or not. Chart of Accounts Company Code Client.
Non balance sheet accounts are carried forward to _______.
Of the choices below, check the 2 that are assigned to a GL account master at the chart of accounts level Balance sheet check box Account group Payment method Correspondence Control Data.
The ______ controls the appearance of the company code segment of a GL account master record. Account group Client Number Range Control Data Chart of Accounts Data.
Which below is the order of Field Status Priority? Hidden, Display, Required, Optional Optional, Required, Display, Hidden Required, Display, Hidden, Optional Hidden, Optional, Display, Required.
Pick the correct answer. ___________ accounts receive postings from subsidiary ledgers. Reconciliation Retained earnings Balance sheet Net Income Expense.
The account type for reconciliation accounts is entered at the _______ level.
The _______ indicator on a GL account is required for checking if a business transaction has an offsetting posting. Open item management Clear all offsets Sort Field Balance sheet.
__________ is the default currency when you create a GL account master record. Global currency Local currency Foreign currency Client currency.
Choose the __________ indicator to clear balances with the same local currency amount without the need for postings for exchange rate differences. Only Balances in Local Currency Net Locally Open Item Managed Cross company postings allowed Exchange netting.
Which currency specified on the GL account master ONLY allows postings in that currency? Local Currency Foreign Currency.
Check the methods below that are available for creating GL account master records One step (centrally) Two step (chart of accounts and company code) Copy Existing Account Use Transfer Program Automatic Default Interface creation while posting Three step (all levels).
Use the ________ function to change master data of several GL accounts simultaneously. Collective Procecssing Modify Centrally Mass Processing Bulk Processing.
Pick the chart of accounts that can be used to create consolidated financial statements for internal reporting. Group Chart of Accounts Country Chart of Accounts Operational Chart of Accounts.
True or False. If you are using a country chart of accounts, cross company controlling is not allowed. True False.
Which of the following was created to meet IFRS reporting standards? Segment Profit Center Functional Area Business Area Company.
A segment is assigned to the master record of a _______. Profit Center Cost Center GL Account Material.
Choose the correct order of linking below. Cost center holds a profit center which holds a segment. Profit center holds a segment which holds a cost center. Segment holds a profit center which holds a cost center.
The _______ concept related to the master record for which you manage customers and vendors. Business Partner Role Integration Document Splitting Dual Control.
Check the 2 types of processing SAP Hana handles. OLAP OLTP OLBP OLOP OPNP.
The digital core of SAP Hana is called ________ and replaces _________.
Check the 3 layers of SAP S/4 Hana. Database Layer Application Layer Presentation Layer Dialog Layer Batch Processing Layer Client Layer.
Check the 3 options for SAP Hana installation. On Premise Cloud Hybrid Batch Off Site Telecommute.
Which type of SAP Hana installation allows no access to the IMG? On Premise Cloud Hybrid.
Pick the correct answer. The architecture is called ___________ and the suite itself is called ___________. SAP Hana, SAP S/4 Hana SAP Enterprise, SAP S/4 Hana SAP Architecture, Simple Finance.
Name the 5 "pillars" of SAP Fiori.
Name the 3 types of Fiori Apps.
In order to personalize the homepage in Fiori, you must do which of the following. Enable the ability in the launchpad configuration Contact Basis architects Create user developed Fiori apps Install OSS note 899742 Make proper settings in Internet Explorer.
What is the universal journal table?.
Most Important organizational unit in FI is __________.
Easiest and most common way to create a company code is to use the ____________ function in the IMG.
Check the items below that are other main organization units in SAP S/4 Finance. Company Profit Center Segment Business Area Functional Area Controlling Area Work Breakdown Structure.
Check the item or items below that are used as the org unit in cost of sales accounting. Profit Center Business Area Company Segment Functional Area.
Customers who wish to draw up financial statements by profit center or segment must activate ____________.
True or false. Creating of a company and assigning to a company code is a one step process. True False.
Most important organization element in controlling is the _____________.
Pick the correct answer that states what 2 things must be true for all company codes assigned to the same controlling area. Same operational chart of accounts, same fiscal year variant. Same group chart of accounts, same gl account group. Same currency, same exchange rate limits.
Pick the correct IMG path for assigning a company code to a controlling area. Enterprise Structure > Assignment > Controlling > Assign Company Code to Controlling Area Financial Accounting (new) > Financial Accounting Global Settings (new) > Global Parameters for Company Code > Enter Global Parameters.
True or False. All ledger values for leading and non leading ledgers go to controlling. True False.
True or False. When you create a new ledger, the system automatically creates a ledger group with the same name. True False.
Pick the 4 ledger types discussed in the training material. Leading Non-leading Extension Standard Company Special purpose Global.
Pick the 2 approaches in SAP S/4 Hana Finance for general ledger accounting. Accounting based Ledger based Currency based Time based Extension based.
In SAP S/4 Hana Finance, the use of ____________ makes it easier to maintain properties that are common across several business objects.
Pick the 2 types of Fiscal Year Variant from the list below. Year Specific Year Independent Global Month Based Special.
If the posting date falls in period _____, you can post to special periods 13, 14, 15, 16,.
True or False. Fiscal Year Variant determines if a posting period is open or closed. True False.
Year Independent Fiscal Year variants can be either _________ or _________.
To account for leap year, what is the day limit usually set for February when configuring fiscal year variants?.
Chose the 2 conditions below that would determine if you need to set a fiscal year variant as year specific. You are using different numbers of periods for different years. The start and end dates of periods vary from year to year. Accounting staff required unique identification of the year. You are producing client level balance sheets and profit and loss statements. Company codes required different fiscal year variants. The system will require an upgrade within the year.
True or False. Every exchange rate type must have every currency combination, validity date, and rate. True False.
Pick the programs that are used for transferring external market data in a file and to transfer exchange rates. RFTBFF00 RFTBDF07 RFTBDF14 RFTBDF70 RFTBDF60 RFTBDF50.
You assign a ________ to an exchange rate type to calculate translations between foreign currencies.
Line up the items below regarding Direct or Indirect Quotations for exchange rates. Uses one unit of foreign currency for the local currency. Uses one unit of the local currency for the foreign currency.
What is the T code to define worklists and maintain exchange reates?.
Exchange rates can be entered as direct or indirect quotations. You can maintain two prefixes to differentiate between direct and indirect quotation exchange rates during input and display. The standard setting is valid if you do not enter a prefix. Line up the correct answers below. “ ” (blank, without a prefix) “/”.
In addition to default currencies ________ and _______, you can define up to ________ other currencies per company code and ledger.
Chart of Accounts is a _____ character key. 2 3 4 5 6.
Check the items below that are defined on the chart of accounts configuration screen. ID (Key) Name Language Length of Account Group Chart of Accounts Block Indicator Client Company Code Account Status.
True or False. One chart of accounts can only be assigned to one company code. True False.
A chart of accounts _______ contains fields of accounts.
To use an account from the assigned chart of accounts in a company code, you must create a ________ for the account.
A GL account can be classified as one of the types below (check each type that is an option). Balance sheet Non operating expense or income Primary costs or revenue Secondary costs Prior year costs Controlling revenue Ancillary costing unit.
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