Why might you define options to have manually allocated item keys for the
financial statement version (FSV)? To be able to assign the same key to two multiple objects To be able to enter an explanatory text for the item key To be able to define if you want to summarize at the item level To be able to assign functional areas to the items.
True or False: You can define the FSV without assigning a specific chart of
accounts to it. True False.
Which of the following are default items assigned to every FSV? (There are
three correct answers.) Liabilities and equity P&L results Liquid funds Assets Noted items.
True or False: You can assign G/L accounts to any item level in the FSV hierarchy. True False.
What kind of automated checks are available for the FSV? Check for duplicate item keys Check for accounts assigned to one side only Check the financial statement notes for non-noted item accounts Check for incorrectly assigned accounts.
In the trial balance report that is based on line items, how many fields can you
select to report on? More than 100 Around 50 Fixed for 10 More than 5000.
How many separate period intervals are there to control open posting periods? 1 2 3 4.
In SAP S/4HANA, on which levels can you maintain open posting periods?
(There are two correct answers.) Controlling area Segment Posting period variant Fiscal year variant.
Maximum how many special/valuation periods can be open at the same
time? 1 2 4 16.
Your company code is assigned to a leading ledger, two additional normal ledgers,
and one extension ledger. How many carryforwards must be executed? 1 3 4 8.
What checks can you perform from the Audit Journal report? (There are three
correct answers.) Check gaps in journal entry numbering Check nonbalancing accounts Display journal entry changes Check multi referenced invoices Display journal entry warnings.
What is the main differentiating factor of posting a manual accrual document
compared to other manual transactions? Reference field Reversal reason Document type Transaction type.
True or False: You can adjust a recurring entry before each run to account for
price updates on purchases True False.
To which object do you assign valuation methods? Valuation procedure Account assignment Accounting principle Valuation area.
You use the lowest value valuation method with active delta logic. Your open
item was posted at 200 units of foreign currency, which originally translated
to 100 units of local currency, and the previous period it was 98 units. In the
preceding foreign currency valuation run, the program posted a value of -1
currency units. What was the value in local currency units at the time of valuation? 99 97 101 98.
True or False: You can post a simulation run for the leading ledger to analyze
the effects of the currency valuation on your P&L standings. False True.
Flat-rate individual value adjustments are valid for which types of accounts? Assets Supplier Customer Materials.
What are the reasons to perform regrouping of receivables and payables?
(There are three correct answers.) To display receivables and payables separately To group payables and receivables based on the due dates To align amounts on accounts with changed reconciliation accounts To simplify and speed up dunning selection processing To prioritize balance confirmation printing by postal code.
Which type of stock is best suited to a moving average price (MAP) valuation? Raw materials Work in process (WIP) Finished goods Third party.
For which of the following tasks must you always indicate manual task completion? Programs Transactions Notes Flow definitions.
True or False: Each task in the SAP Financial Closing cockpit can have exactly
one prerequisite task assigned to it. True False.
When items aren't automatically assigned for intercompany reconciliation
(ICR), how do you perform reconciliation? Match items manually Use an automated assignment rule. Export line item reports for each affiliate. Use SAP Leonardo machine learning algorithms.
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