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Title of test:
sap p_fi

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sap professional

Author:
mahmoudshehab
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Creation Date:
01/09/2020

Category: Others

Number of questions: 80

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The ACDOCA table has a 6-digit field for document line numbers. However, CO documents updating the COEP table are still limited to 999 lines. How does SAP S/4HANA handle large line item numbers when updating the CO documents? It outputs an error message when there are more than 999 lines. It no longer assigns CO-specific document numbers. It creates a new document when there are more than 999.999 lines It creates a new document when there are more than 999 lines.: .
After the migration to SAP S/4HANA 1709, you notice in the currency configuration of the company code that the global currency has the "Currency Is Only Available In Controlling" indicator.What might be the cause of this? Note: There are 2 correct answers to this question. Before the migration, the company code did NOT have any parallel currencies defined. Before the migration, the group currency of the controlling area was defined as a parallel currency in the company code. Before the migration, the company code was NOT linked to a controlling area. The controlling area linked to the company code was defined with currency type 20.
An asset is being acquired through integration with procurement. How is the asset acquisition value posted? Please choose the correct answer. Non-valuated acquisition is posted at invoice receipt. Valuated acquisition is posted at settlement. Valuated acquisition is posted at invoice receipt. Non-Valuated acquisition is posted at goods receipt.
At which level do you define that a G/L account is a secondary cost account? Operating concern Company code Controlling area Chart of accounts.
Before conversion to SAP S/4HANA, which activities must be completed in the SAP ERP system for Asset Accounting? There are 3 correct answers to this question. Assign accounting principles to all depreciation areas Activate enterprise extension EA-FIN Define depreciation areas for all currency types Define a technical clearing account for integrated acquisitions. Close all fiscal years except the current one.
A business user entered the wrong password too many times and is locked out of the SAP Fiori launchpad. Where must the administrator unlock this user? SAP S/4HANA back end SAP Fiori launchpad designer Front-end SAP Gateway server SAP Smart Business.
The classic Asset Accounting posts acquisitions and retirements for a second accounting principle to an extra offset account in the account approach. How is this handled in new Asset Accounting using an accounts approach in SAP S/4HANA? There is no need to use such offset accounts anymore because of real-time postings. The extra offset account has to be used as in the classic Asset Accounting. The extra offset account is obsolete and will be replaced by the technical clearing account. The accounts approach must be replaced because the ledger approach is the only valid option:.
Cost of goods sold (COGS) split functionality is available in account-based CO-PA. Which settings are necessary? Note: There are 2 correct answers to this question. The corresponding cost elements must exist in the chart of accounts. Cost elements must be mapped to cost components Characteristic values and characteristic groups must be maintained Operating concern currency must be determined.
A customer is currently running SAP ERP and wants to transition to a new implementation of SAP S/4HANA 1809. Yea are required to provide them with a solution that enable them transition to SAP S/4 HANA Customer specific enhancements. Which of the following tools will help leverage the transition process? Software Update Manager SAP S/4HANA migration cockpit SAP Readiness check for sap S/4 HANA SAP Transformation navigator.
The customers and suppliers balances of the previous year are carried forward to the new year, but you did NOT run the SAPF010 program (Carry Forward Receivables/Payables) manually in accounts receivable or accounts payable.How was the customer and supplier balance carried forward? Please choose the correct answer. Because balance carryforward was performed automatically due to postings to the subledgers in the new year Because balance carryforward was performed for the leading ledger in general ledger Because balance carryforward was carried out by the Reconcile Universal Journal Entry transaction since the reconciliation displayed NO error Because balance carryforward was performed automatically when closing the previous year.
A customer wants to analyze a G/L account, which is presenting asset acquisition value, on an investment order. What do you maintain in the G/L account master record to achieve this? There are 2 correct answers to this question. Set the G/L account type to Non-operating Expenses or income Define the G/L account as an asset reconciliation account Select the Record Account Assignment indicator. Enter value 90 in the cost element category field.
A customer wants to store alternative values of a foreign currency valuation in an extension ledger. What extension ledger type is needed for this purpose?Please choose the correct answer. Simulation Extension Valuation Prediction and commitments.
A document can have up to 999999 line items in the universal journal (reporting or G/L view). How does this affect the entry view (table BSEG)? Please choose the correct answer. It is limited to 999 line items. It is extended to 999999 line items The system splits the single entry into multiple documents as required. The entry view is also based on the universal journal.
During SAP S/4HANA conversion, why is it necessary to migrate balances for FI and CO? Because a delta between all line items and the balance of every account will be updated in the universal journal Because all balances from the past years are stored in the universal journal Because the system posts FI/CO documents for all missing line items by comparing them to the balance of the account Because the system displays an error if the sum of aggregated line items differs from the balance.
The following ledgers are assigned to your company code in financial accounting. Standard ledgers A and B Extension ledger C with Standard ledger A as. Which ledgers are listed in the universal journal entry line items after you enter an incoming ivocie? Standard ledger A Extension ledger C Standard ledger A Standard ledger B Extension ledger C Standard ledger B Extension ledger C Standard ledger A Standard ledger B.
For which account assignments can you perform realignment in the universal journal? Note: There are 2 correct answers to this question. Profit center Functional area Customer group Sales region.
For which Cases Can you Use SAP Product Lifecycle Costing? There are 2 correct answer to this question. Preliminary cost estimates Quotation costing Sales order cost estimates Standard price cost estimates.
For which functionality is a productive material ledger a prerequisite?There are 2 correct answer to this question. Actual activity price determination Parallel valuation for transfer pricing Parallel currencies in the universal journal Actual costing.
. For which parameters can you define the minimum life to maintain documents in financial accounting for data aging? Note: There are 2 correct answers to this question. Ledger group Document number Account type Document type.
. How can financial data be stored in the SAP S/4HANA system tables? Note: There are 2 correct answers to this question. There can be a line item added in BSEG without a corresponding line item in ACDOCA. There can be a line item in BSEG without a corresponding document in BKPF. There can be a line item in ACDOCA without a corresponding line item in BKPF. There can be a line item in ACDOCA without a corresponding line item in BSEG.
4. How can you retract planned data from SAP Business Planning and Consolidation for SAP S/4HANA to SAP S/4HANA? Note: There are 2 correct answers to this question. Use a BW planning cube and a preconfigured content workbook. Use the in-built BPC data extractor and upload template. Store your planned data in the ACDOCA table. Store your planned data in the ACDOCP table.
How can you set up multiple valuations for transfer pricing in your SAP S/4HANA system? There are 2 correct answer to this question You can assign each valuation to a separate ledger. You can assign profit center, group, and legal valuations to the same ledger. You can assign more than 3 valuations to different ledgers, if you have enough ledgers defined. You can assign more than 3 valuations to the same ledger.
How does the Near-Zero Downtime method minimize the downtime of the productive SAP system during migration? A clone of the productive system is used. The data from previous years is archived. Optimized data compression is used to minimize the data volume. SQL database commands are used to accelerate the migration:.
How do you compensate for the technical clearing account NOT balancing in all accounting principles with the accounts approach for parallel valuation? Please choose the correct answer. By running the monthly depreciation posting By running the periodic acquisition and production cost posting By entering manual corrective clearing transfer postings By maintaining the offset account in the asset account determination.
How many digits for the amount field on the financial document line item level are supported in the universal journal? Please choose the correct answer. 17 13 27 23.
9. If a customer decides to deploy SAP S/4HANA Cloud instead of SAP S/4HANA on premise, what distinct benefits will the customer gain?Note: There are 3 correct answers to this question Seamless adoption of the existing processes Personalization through self-service configuration Faster initial implementation Higher degree of customization Automatic updates every 3 months.
0. If you use the ledger approach, which customization settings must you apply for new Asset Account? Note: There are 2 correct answers to these questions. Assign an accounting principle to every depreciation area. Assign a controlling version to each depreciation area. Set reconciliation account for parallel valuation (non-leading ledger). Define a technical clearing account for integrated asset acquisitions.
In a first step, you create an account with account type "secondary cost element" and cost element category "42" in controlling area A000 and company code 1010.In a second step, you change this account to cost category "43" in company code 1750, which is assigned to the same controlling area.What is the effect in the system when you save this account? Please choose the correct answer. The cost element category is different in the two company codes The user is asked which category will be used in the future This system brings up an error message and rejects the change The cost element category in the account is also changed for company code 1010.
In controlling. What is a mandatory customizing step when converting a system to SAP S/4HANA? Please choose the correct answer. Activate Account-based CO-PA. Create document type for CO postings. Define profit center hierarchy. Migrate the material ledger.
In what system is it important to perform all system conversion steps to identify and solve conversion errors? Please choose the correct answer. Productive Quality Assurance Sandbox Development.
4. In which cases can you use a transfer price for goods movement in parallel valuation? There are 2 correct answers to this question. Between two company codes Between two plants Between two accounting principles Between two profit centers.
In which of the possible scenarios can you indicate that an account is also a statistical cost elements? There are 2 correct answer to this question. It is used as balance sheet account in fixed asset accounting. It is used as a work in process (WIP) inventory account in the material account assignment. It is used as inventory account in the material account assignment. It is used as special reserve balance account in fixed asset accounting.
In which sequence do you create the objects required for the SAP financial closing cockpit? 1. Create task group2. Create task lists3 Create tasks4. Release task lists 1. Define task levels2. Create task group3. Release task levels4. Release task group 1. Define closing periods2. Create task lists3. Release task lists4. Release closing periods 1. Create template2. Create tasks3. Create task lists4. Release task lists:.
In your SAP S/4HANA system, ledger group L1 is assigned to a US GAAP accounting principle. You want to assign ledger group to the L1 to a separate depreciation areas that posts acquisition and production cost APC) and depreciation values. Which of the following limitations prevent you from making assignment? You assign transfer of APC values only from depreciation areas to which the same accounting principle is assigned. One of the underlying ledgers is assigned to a fiscal year variant that has a different start/end date than the other ledgers. You use the accounts approach to parallel valuation and all accounting principles are assigned to a single ledger. The US GAAP values need to be reported in USG-but-the company code currency is defined as EUR.
. In your SAP S/4HANA system, you use the accounts approach for parallel valuation and report financial values for three separates accounting principles. You post an acquisition for an asset that is capitalized in a single accounting principle.If you use the application for posting integrated asset acquisitions, how many documents will the system post? Please choose the correct answer. 2 4 3 1.
In your system. You are creating a new company code that requires as additional standard ledger. Which statements apply to a standard ledger? There are 2 correct answer to this question. It must be assigned to an underlying ledger. If asset accounting is used, a depreciation area must be assigned. It is always active on the system level for all company codes. It will generate additional line items in ACDOCA for non-ledger-specific postings.
On what level can you assign a fiscal year variant to a company code? Please choose the correct answer. Accounting principle Depreciation area Valuation area Ledger.
On which levels can you assign semantic tags to a financial statement version in SAP Fiori? There are 3 correct answer to this question. Segment Business area Financial statement item G/L account Functional area.
The screenshot displays how the depreciation areas of a chart of depreciation post, to the G/L By looking at the screenshot what can you learn about the company code and ledger configuration? There are two ledgers posted during transaction processing. There are no more than two ledger groups defined for the company code There are two currency types assigned to the company code. There is one extension ledger assigned to the leading ledger.
There are 8 customer-specific charts of depreciation in the client that area assigned to 22 active company codes, as required Additionally, there are 7 reference and unused. How many you charts of depreciation do you migrate? 8 22 7 1 5.
What are planning level and planning group used for in SAP Cash Management? There are 3 correct answers to this question. - Planning level is used to differentiate between strategic, business, and operational plan.- Planning group is used to group assets by order of liquidity: petty cash, bank, AR/AP, investments, etc. - Planning level is used in the company code data of the business partner to control accounts receivable and accounts payable in SAP Cash Management.- Planning group is used in the G/L account data to enable the liquidity forecast. -Planning level and planning group are used in the configuration of the grouping structure, which enables you to group bank and subledger accounts together in the cash position or the liquidity forecast. - Planning group is used to group customers and vendors to enable accurate forecast. - Planning level is used to control displays in SAP Cash Management and to differentiate between noted item, purchase order, bank account, etc.
What are possible post-migration activities for SAP S/4HANA migration projects? Note: There are 2 correct answers to this question. Calculate the net due date and discount due dates for open items Fill offsetting accounts in financial documents. Transfer archived documents into ACDOCA. Update the open items through data aging.
6. What are some features of actual costing in SAP S/4HANA?There are 2 correct answer to this question. Reduced number of steps in the calculation cockpit Selection of activity prices of other CO-version in the standard run Simplified data structure with new table structure Possibility of post-closing in the alternative valuation run (AVR).
What are the benefits of the new depreciation posting run in Asset Accounting? Note: There are 2 correct answers to this question. You can select a single target ledger group for an accounting principle. The online test run can be performed without any master data restrictions. The posting run can be performed even if there are errors on individual assets. You NO longer need to select reasons for the posting run.
What are the data sources for cash management in SAP S/4HANA?There are 3 correct answers to this question. Consolidation records Price records Memo records Sales order records Purchase order records.
What are the earliest point in time that the attributed profitability segments can be derived? Please choose the correct answer. When you settle the cost to profitability analysis When you run the results analysis for cost objects When you run the realignment in profitability analysis When you post the primary cost document.
What are the features of the multi-valuation ledger for parallel valuation methods in SAP S/4HANA? Note: There are 2 correct answers to this question. It requires a non-leading ledger for parallel valuations. It is available only for new installations. It will NOT have any valuation view assigned to the ledger. It utilizes separate amount columns in the same ledger.
What are the improvements to new cash pooling? There are 2 correct answers to this question. You can set deficit and excess tolerances. If the balance is between the tolerances, no transfer is made. Different payment methods for payment requests can be specified in different paying company codes. The balance before concentration and the simulated balance after the concentration can be compared. The business user can define "expected amount" and "minimal movement amount" for every bank account without configuration.
What are the key components of the Intelligent Enterprise by SAP?There are 3 correct answer to this question. Seamless integration Intelligent suite Hybrid Cloud Intelligent technologies Digital platform.
What are the parameters to define different technical clearing accounts for integrated acquisition in new asset counting? There are 2 correct answer to this question. Chart of accounts Account determination Chart of depreciation Company code.
What can you assign in a depreciation area in SAP S/4HANA Finance asset accounting? Please choose the correct answer. An accounting principle A Clearing account A Ledger group A Parallel ledger.
What can you do in the Cockpit view of SAP Product Lifecycle Costing? Manage calculation versions. Receive an overview of the available master data. Define global settings for currencies and units of measure. View the costing structure.
What can you do in the extension ledgers configuration? Please choose the correct answer. You can create an extension ledger for which the underlying ledger is an extension ledger. You can assign a freely defined currency to an extension ledger. You can manually create a new ledger group that contains an extension ledger. You can link an accounting principle to a ledger group that contains an extension ledger.
What can you do when you use Account Basis for cost of goods sold (COGS) split in SAP S/4HANA 1809? Note: There are 2 correct answers to this question. Enable COGS split on the basis of the main cost component structure and auxiliary cost component structure. Enable COGS split for postings made on the source account through internal processes in Financials and Controlling. Enable COGS split for stock transfers and point-of-sale transactions. Enable COGS split for sales processes posted to internal orders and projects.
What can you do with asset accounting in SAP S/4HANA Finance?There are 3 correct answer to this question. Post revenue for retirements by acquisition and production cost. Complete periodic acquisition and production cost adjustments postings. Simultaneously post separate values by depreciation area. Assign separate settlement rules for depreciation areas. Define transaction types by depreciation area.
What conversion preparation step can be executed only after installing SAP S/4HANA? Please choose the correct answer. SAP readiness check Check customizing settings prior to migration Maintenance planner Simplification item check.
What cost center planning process can write data directly to plan item table ACDOCP? Please choose the correct answer. Manual planning of cost with workbook Internal activity price calculation Manual planning of statistical key figures Formula planning with templates.
. What credit management organizational element is required for calculating the credit limit, and enables you to carry out detailed checks at business Company code Credit control area Sales area Credit segment.
What customizing option is available during the conversion project of an SAP ERP system with classic G/L to SAP S/4HANA 1809? Introduce document splitting Add an extension ledger. Implement a new currency type. Replace the accounts approach with the ledger approach.
What data is migrated during system conversion? Please choose the correct answer. All company codes for the years you specify Only company codes flagged as productive with all years All company codes with all data of all years. Only company codes and years selected in the customizing for migration.
What does an administrator need to do in the SAP Fiori Gateway server in order to launch a native SAP Fiori application from the SAP Fiori Launchpad? Note: There are 2 correct answers to this question. Assign the SAP Fiori tile group to a role relevant for the user. Activate the SAP Screen Personas flavor for the app. Activate the OData service relevant for the app. Assign the SAP Fiori tile catalog to a role relevant for the user.
What does the Parallel Accounting Using G/L Accounts indicator in ledger configuration allow you to do? Please choose the correct answer. Assign 2 or more accounting principles to 1 ledger Assign 2 or more ledgers to 1 accounting principle Assign 2 or more valuation areas to 1 company code Assign 2 ledgers to 1 company code.
What do you configure to enable the automatic creation of a vendor when you create a business partner? There are 2 correct answers to this question. The business partner grouping key The partner functions for vendors The incoterms for vendors The customer/vendor integration interface.
What do you manage within cash operations of SAP Cash Management? Note: There are 2 correct answers to this question. Credit limits for customer accounts Hedging and hedging contracts Bank risk analysis and risk mitigation Daily cash position, deficits, and surpluses.
What function is delivered with business function EA-FIN to support SAP S/4HANA? Please choose the correct answer. New Depreciation Engine Parallel ledgers Parallel depreciation areas Special valuations.
What function of cash management allows you to create historical versions of cash flows? Please choose the correct answer. Reconcile cash flows Release cash flows Snapshot Cash pooling.
What happens during the migration activity Regenerate CDS Views and Field Mapping? Note: There are 2 correct answers to this question. The OData services for SAP Fiori integration are activated. The redirection of SELECT statements is generated. The field mapping for the customer and vendor integration is created. The customer-specific fields are included in the data migration procedure.
What is an advantage of selecting the multi-tenant edition of SAP S/4HANA Cloud instead of an On-premise SAP S/4HANA solution?Please choose the correct answer. Cloud platform compatibility Fuller integration to external systems Support for all industries Faster innovation cycles.
What is One Exposure from Operations? It is an SAP Fiori app that shows all the exposures of the company to foreign currency risk and interest risk. it is a standalone SAP NetWeaver system that handles Cash Operations integration. It is an ABAP report that shows the risk if the liquidity of the company will NOT meet short-term financial demands with the current business Operation. It is a central data storage location that integrates data from Treasury and Risk Management, Cash and Liquidity Management Contract Accounting, and Financial Operations.
What is posted at the same time to both account-based and costing-based profitability analysis? There are 2 correct answer to this question. Actual revenue Actual cost of goods sold Incoming sales orders Standard cost of goods sold .
What is required to enable the payment approval process in cash operations? There are 2 correct answers to this question. Create a rule for approvals Create rule to require signature Define a grouping method for the rule you defined. Define signature methods for approvals Create scenario without approval.
What is the maximum number of currencies that can be defined in a ledger configuration? Please choose the correct answer. 2 5 8 10.
What is the purpose of the retraction workbook? Please choose the correct answer. Retract planning data from ERP to BW Retract planning data from ERP to BPC Retract planning data from BPC to ERP Retract planning data from BW to ERP.
What models are required to support advanced planning for embedded BPC? There are 2 correct answers to this question. Consolidation model Ownership model Exchange Rate model Source model.
What must always be activated after the installation of SAP S/4HANA? Transfer prices Profit center accounting Credit management Material ledger.
What must you create before you can record commitments in the universal journal? Please choose the correct answer. Extension ledger Mapping for condition types CO version Non-leading standard ledger.
What must you do before a Go Live migration in the productive client can be set to Complete in customizing? Note: There are 2 correct answers to this question. Get approval of business department and project management. Apply small-scale live postings of the day-to-day business to check the system Finalize the before-and-after comparison of the financial reports with the business department Transfer application indexes using data aging.
What open period is checked by the third interval of the Open Posting Periods variant in financial accounting? Postings to FI Subledgers Postings from CO to FI Postings to special periods Postings with a special authorization group .
What processes do you perform as part of liquidity management?Note: There are 3 correct answers to this question. Post credit memos Monitor cash flow Review credit standing Perform planning Forecast balance.
What restriction apply when a new currency is introduced for productive company codes and ledgers? There are 2 correct answer to this question. Archived data CANNOT be enriched with the new currency. New currency fields are NOT updated for existing data. Reconciliation for entities in asset accounting is NOT included. Calculated values are NOT added to the ACDOCA.

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