Which of the following options are included in the Asset Explorer?
There are 3 correct answers to this question.
Display depreciation calculation.
Drill down to Financial Accounting (FI) document.
Drill down to reports.
When procurement transactions are posted, which of the following steps is exclusively carried out in Materials Management?
Choose the correct answer. Invoice receipt
Creation of purchase order
Which functions allow you to temporarily save the entered data?
There are 2 correct answers to this question. Save function
Which prerequisites must be fulfilled to allow for negative postings of journal entries?
There are 2 correct answers to this question
The company code must allow negative postings.
The reversal accounts must be configured to allow negative postings.
The reversal reason must be configured to allow negative postings.
The posting key must allow negative postings.
Which of the following components make up an archiving object?
There are 3 correct answers to this question. Data declaration part
Which sequence of steps allows a three-way match in procurement transactions? Purchase requisition, goods receipt, invoice receipt
Purchase order, invoice receipt, goods receipt
Purchase order, purchase requisition, invoice receipt
Purchase requisition, purchase order, goods receipt
For general ledger account posting, which one of the following standard posting keys is for debit?
1 31 40 50.
Your customer wants to use data aging for the universal journal. Which criteria can you use to decide which data is moved to the historical partition?
Note: There are 2 correct answers to this question. Ledger
Your customer wants the values for a special group of assets to be shown separately in the general ledger. Which objects do you create in Customizing for Asset Accounting?
Note: There are 2 correct answers to this question. Depreciation area
Account determination key
Financial statement version
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
You can compare text patterns in your statements using the keyword LIKE. Determine whether this statement is true or false. FALSE
What is the name of the leading ledger that SAP provides with the standard system?
Please choose the correct answer. 1L
What does the year-end closing program in Asset Accounting do?
Note: There are 3 correct answers to this question. It checks whether the depreciation is posted completely for the fiscal year.
It posts all remaining depredation and imputed interest.
It blocks all postings to Asset Accounting for the closed fiscal years.
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 do you configure to allow cross-company-code transactions?
Note- There are 2 correct answers to this question. Account types Clearing accounts Posting keys Special G/L indicator.
You want to post journal entries in a special period. Which conditions must be met?
There are 2 correct answers to this question The special period must be open for posting in the period control. You must enter a posting date in the last posting period. You must have specific authorization to post in special periods. The balance carry-forward to the new fiscal year must have taken place.
What is the correct order of steps when you use the SAP I financial Closing Cockpit? 1 Create template 2 Create tasks 3. Create task list 4. Define dependencies 5. Release task list 1 Create template 2 Create tasks 3 Define dependencies 4 Create task list 5 Release task list 1. Create tasks 2. Define dependencies 3 Create task list 4. Create template 5. Release task list 1. Create tasks 2. Define dependencies 3. Create template 4. Create task list 5 Release task list.
You use the ledger approach for parallel accounting in Asset Accounting. Depreciation 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 Posts APC Immediately, Depreciation Periodically Area Does Not Post.
In the integrated scenario for down payments, in what step of the process do you enter the down payment information?
Goods receipt creation Down payment monitoring Purchase order creation Invoice verification.
Which of the following parameters are controlled by the screen layout?
There are 3 correct answers to this question. Number range
What is the recommended field status setting for fields in the customer-vendor account groups in the Financial Accounting customizing? Hide
Which of the following are the steps of Inter company reconciliation?
There are 3 correct answers to this question. Automatic presentation of reconciled and non-reconciled data
Automatic assignment of documents
Manual reconciliation and communication
Document selection and data storage
The government announces that it plans to change the basic VAT tax percentage from 20% to 18%. What do you have to do in the system to comply? Create new tax codes with the 18% percentage for input tax.
Change the tax percentage for existing input tax codes to 18%.
Change the tax percentage for input and output tax codes to 18%.
Create new tax codes with the 18% percentage for input and output tax.
Identify the call up points that have been provided for Financial Accounting (FI).
There are 3 correct answers to this question. Organizational unit Controlling area Complete Document Document line Document header.
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. Account group
Which information is checked by the system before a general ledger account k archived?
The Open item Management indicator is set in master data
The Mark for Deletion indicator is set in master data
The assigned group account is already archived.
The Blocked for Posting indicator is set in master data.
A general ledger account has a foreign currency setting of CAD. The company code currency is USD. The controlling area currency is EUR.
Which currencies can you post to in this account? You can only post to the account in USD. You can only post to the account in CAD and USD. You can only post to the account in CAD. You can only post to the account in CAD, USD, and EUR.
On which organization unit level do you define a chart of depreciation? Company code Chart of accounts Asset class Client.
SAP HANA makes extensive use of which high-speed hardware technology to offer more speed?
Graphic Processing Units (GPUs) Solid-State Drives (SSDs) Multicore CPUs Read-only memory.
Which of the following retirement types is referred to as scrapping?
Complete retirement with revenue but without customer
Partial retirement without revenue and without customer
Complete integrated asset retirement
Unplanned depreciation of remaining value
Which of the following product lines does the SAP S/4HANA system rely on for most human resource management functions? SAP Success Factors
What are the results when you post an outgoing partial payment? A payment block is set on the invoice.
The initial invoice remains open.
The initial invoice is cleared.
A payment is created with reference to the invoice.
Which prerequisite must be met by the technical clearing account for integrated asset acquisition? The account is assigned in the asset account determination for each valid depredation area.
The account is created for all active company codes of the client.
The account is a profit-and-loss account that must be open item managed.
The account is a reconciliation balance sheet account for fixed assets.
Which fields of a financial accounting document influence the automatic payment program?
There are 3 correct answers to this question. Payment advice
What is the maximum dunning level that can be assigned to a dunning procedure? 7 11 1 9.
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
You have been asked to set up house banks as part of the implementation. What information do you need?
There are 3 correct answers to this question. Company code
General ledger account
Bank master data
True or False: The only version of the public cloud edition of SAP S/4HANA a customer can be on is the latest released version. FALSE
You want to make the field Reference document number required for entry.
Which object controls this setting? Document type Document posting key Document field status Document reference key.
Which of the following can you use for multiple programs with variants that are to be processed automatically? Flow definition
Task list template
At which level do you assign the print program to the correspondence type?
At client level only
At system level
At company code level only
At client or company code level
Identify the steps performed during the general ledger closing operations for the fiscal year.
There are 3 correct answers to this question. Vendor invoices are posted.
Accruals are carried out.
The balance carry forward program is run.
Foreign currency documents are valuated.
What is the first step in the reconciliation process?
Present reconciled and non-reconciled data
Collect data from different companies
In a valuation method, which of the following is not a valuation approach for foreign currency valuation?
Lowest value principle
Strict lowest value principle
High rate of interest principle
With the automatic clearing program, a user can clear open items for which of the following items?
There are 2 correct answers to this question. Special general ledger indicator
Sub ledger accounts
What object determines the number range for business partner master data? Business partner grouping
Business partner category
Business partner type
Business partner role
True or False: In an environment of systems using SAP HANA, you can perform both OLAP and OLTP processing without duplication of the data for the SAP BW and SAP ERP systems. TRUE
Which of the following parameters can you define within a dunning procedure?
Note : There are 2 correct answers to this question. Line item total period
Line item grace period
Number of dunning levels
What do you define in payment terms?
Note: There are 2 correct answers to this question.
Due date specification
Which of the following are the month-end closing activities for external purposes?
There are 3 correct answers to this question. Create external and internal reports
Perform foreign currency valuations
Post goods issues for deliveries to customers
Close the old period
What is the format of a company code key?
Please choose the correct answer. Four-digit alphanumeric
Which dates can you use for tax calculation?
Note: There are 2 correct answers to this question. Entry date
Which of the following objects are relevant to the dunning program configuration?
There are 3 correct answers to this question. Expenses or charges
Cleared items contain which of the following pieces of information?
Note: There are 2 correct answers to this question. Due date
Clearing document number
Which statement best describes the normal reversals functionality?
Please choose the correct answer Executes the inverse posting of a cleared document before resetting it.
Executes a transfer posting by resetting the transaction figures.
Executes an inverse posting by resetting the transaction figures.
Executes an inverse posting by increasing the transaction figures.
You want to create a substitution in Financial Accounting. Which parts do you have to define for each step of the substitution?
There are 2 correct answers to this question Prerequisite
Which elements define the integration of asset acquisitions to the general ledger?
There are 2 correct answers to this question Valuation area
You are responsible for configuring document splitting. What are some of the key settings?
There are 2 correct answers to this question. Document type
Document number range
Business transaction variant
Field status variant
Data in the SAP HANA database is stored in which two ways?
There are 2 correct answers to this question. Row
Which of the following logistic processes are involved in asset acquisition with materials management (MM)?
There are 3 correct answers to this question. Purchase requisition
What is the difference between the ledger approach and the accounts approach to parallel valuation in Asset Accounting?
Please choose the correct answer. In the accounts approach, you define a technical clearing account for integrated asset acquisitions, unlike the ledger approach.
In the ledger approach, you assign a ledger group to every depreciation area, unlike the accounts approach.
In the ledger approach, you maintain additional depreciation areas to post the delta valuation of each accounting principle, unlike the accounts approach.
In the accounts approach, you assign a completely separate set of accounts for each accounting principle, unlike the ledger approach.
You are configuring accrual types for the accrual engine. For which postings is account determination required?
There are 2 correct answers to this question. Closing Posting only
Opening Posting only
Opening and Closing Posting only
Which of the following lists support the dunning clerk’s work?
There are 3 correct answers to this question. The blocked accounts list
The dunning history list
The dunning list
The list of vendor balances in local currency
You are posting an incoming payment against an invoice. Which document values does the user tolerance group control?
There are 2 correct answers to this question. The cash discount percentage allowed for the complete document
The payment amount allowed for each customer open item
The total amount (sum of all line items) allowed to be posted
The cash discount amount (absolute value) allowed for a line item
Which program is used to enter accruals and deferrals regularly?
Please choose the correct answer. Ledger grouping
Recurring entry program
Compact document journal
What is controlled by the terms of payment?
There are 3 correct answers to this question. Default payment method
Setting for net procedure
Account for cash discount received
Determination of the baseline date
Allowed account type
Which entries do you define when maintaining a G/L account?
There are 3 correct answers to this question. Profit center
Field status group
On which levels do you maintain data for an integrated customer account?
Note: There are 3 correct answers to this question. Sales area
General data at the client level
You want to edit a dunning proposal. Which actions can you perform to edit a dunning proposal?
There are 3 correct answers to this question. Change the dunning data of an account.
Lower the dunning level of an item.
Block a line item.
Change a document.
Block an account.
You have a debit amount of 50 and credit amount of 80 as balance on an account. This account is assigned to the assets side in a financial statement version, with the debit indicator and the credit.
How is this shown on the balance sheet? 50 is shown on the liabilities side and 80 is shown on the assets side.
The balance is shown on the liabilities side.
0 is shown on the assets side and 30 is shown on the liabilities side.
The balance is shown on the assets side.
Which edition of SAP S/4 HANA introduced the universal journal?
Please choose the correct answer. SAP S/4HANA Finance 1503
SAP Business Suite powered by SAP HANA
SAP S/4 HANA 1511
SAP S/4HANA Cloud
Which SAP Fiori app type provides essential information about system master data and offers links for navigating between related objects? Analytical
Identify the fields that cannot be changed while changing parked documents.
There are 3 correct answers to this question. Account assignment objects
Document type or document number
Delta postings can execute revaluation. Determine whether this statement is true or false. FALSE
Which currency types can you set in customizing activity "define setting for ledgers and currency type"?
There are 2 correct answers to this question. Transaction Currency
Material Ledger Currency
Which items can you clear with the automatic clearing program?
Statistical postings Bank transaction items
Items with withholding tax entries
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. Indices
How does SAP S/4 HANA reduce system complexity and improve system efficiency?
There are 2 correct answers to this question. By removing views of data at run time from the same source tables
By providing views of data at run time from the same source tables
By removing application code that deals with aggregates and indexes
By providing application code that deals with aggregates and indexes
Identify some of the checks for archiving G/L accounts (master data).
There are 3 correct answers to this question. Are there (still) documents?
Are there (still) transaction figures (for example, have they already been archived)?
Has a deletion indicator been set?
Is the fiscal year closed?
A user wants to add an application to his SAP Fiori home page but can’t find it in the App Finder. What does the admin have to do?
Please choose the correct answer. Add the tile to a tile group already assigned to the user.
Assign the corresponding SAP Fiori tile catalog to the user.
Assign the corresponding SAP Fiori tile group to the user.
Add the corresponding tile catalog to the tile group.
What is the purpose of period interval 3 when you define open and closed periods?
Please choose the correct answer. It is used for special period posting.
It is used for the authorization object for posting periods.
It is used for posting from CO to FI.
It is used for period lock in special purpose ledger.