1) 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 Document date and asset value date Depreciation calculation start date and document date.
You want to be able to quickly launch the balance sheet for the company code you are responsible for from the SAP Fiori Launchpad
What can you create in order to achieve this? You own financial statement version You own application catalog You own application group You own application tile.
Your company performs pre-closing activities on the last day of the month
Which activities are executed during pre-closing?
(There are 2 correct answers)
Manage GR/IR clearing accounts in MM Perform foreign currency valuation in FI Post asset depreciation in FI-AA Open a new accounting period in FI.
Which tasks are stages of dunning execution
(There are 2 correct answers)
Maintain the dunning parameters Schedule the dunning run Schedule the dunning intervals Maintain the dunning levels.
What is the recommended field status setting for fields in the customer – vendor account groups in SAP Hana? Display Hide Required Optional.
How can you post accruals when a period is closed in the leading ledger? By posting to secondary cost account By posting to management account By posting to an extension ledger By opening the period in period interval 3.
In the integrated scenario for down payments at which step of the process to you enter the down payment category Down payment monitoring Good receipt creation Invoice verification Purchase order creation.
What object determines the number range for Business Partner master data? Business partner type Business partner group Business partner role Business partner category.
Where in customizing can you configure that the cost center in the asset sub-number is identical to the cost center of the main asset? In the screen layout of the asset master record In the screen layout of the depreciation area In the tab layout for the asset master record In the account determination of the asset class.
Which prerequisite must be met when you define the technical clearing account for integrated asset acquisition in Customizing? The account is a profit and loss account that must be open item management The account is a profit and loss account that must be created as a reconciliation account for fixed asset accounts The account is a balance sheet account that must be assigned in the account determination for Asset Account in each depreciation area The account is a balance sheet account that must be created as a reconciliation account for fixed asset account.
Which objects can be posted to more than one company code?
(There are 3 correct answer)
Sales Organization Segment Profit Center Business area Cost center.
Where can a user see all the SAP Fiori apps that are available for then to use? Authorization object Authorization profile Tile group Tile catalog.
Which data do you define on the level of bank master data
(There are 2 correct answer)
Corresponding business area Payment and dunning information A unique bank country Address data and control data.
For which transactions do you need a special G/L indicator?
(There are 3 correct answer)
Posting of a credit memo Posting of a down payment request Bank posting of the received down payment Post of an incoming payment Post of a guarantee payment.
Your company does not use profit centers
How can you assign segments to the posting?
(There are 3 correct answer
Define substitution rules Enter manually Implement BAdi Derive from material master Create default account assignment (OKB9).
What does the year-end closing program in Asset Account do? It opens new annual values fields for each asset and calculator planned depreciation values In carries out the depreciation simulation and makes bulk changes and adjustment postings It checks whether the depreciation is posted completely and if the assets contain error or are incomplete It checks the depreciation lists and asset history sheet and then posts depreciation.
Within the line items of the FI documents, what does the posting key control?
(There are 3 correct answer)
The account group to which the line item can be posted Whether the item is posted with reference to primary or secondary cost elements The field status of additional details The account type to which the line item can be posted Whether the item is posted as a debit or credit.
Which data is controlled by the asset class?
(There are 3 correct answer)
Default transaction type for asset posting Number range Account determination Screen layout Capitalization Date.
In Asset Account, which object must you use to handle parallel account? Depreciation Method Depreciation Key Depreciation Area Chart of depreciation.
What do you define when you create a new document type
(There are 2 correct answer)
Account type allowed for posting Reason for reversal Number range for the document type Posting Keys for the document type.
What information is updated on the invoice when you post a complete payment?
(There are 2 correct answer)
Clearing account Clearing document number Clearing currency Clearing date.
Which types of data are maintained for a house bank?
(There are 3 correct answer)
Data medium exchange (DME) details G/L account Overdraft limit Payment signatories Electronic data interchange (EDI) partner profiles.
You want to use foreign currency valuation in the ledger solution
Which objects must you define in Customizing?
(There are 3 correct answer)
Accounting principles Valuation areas Document number range per company code Account determinations Value adjustment keys.
Which types of apps are available with SAP Fiori?
(There are 3 correct answer
Operational Factsheets Transactional Administrative Analytica.
You have started posting in the new fiscal year and are managing posting for the closing of the previous fiscal year
What values do you maintain for the open / closed periods of the previous fiscal year?
01-16 periods are opened 01-16 periods are closed 01-12 periods are opened, 13-16 are closed 01-12 periods are blocked, 13-16 periods are opened.
You use the ledger approach for parallel account in Asset Accounting You have depreciation area 01 assigned to the leading ledger for leading valuation and depreciation area 32 assigned to the non-leading ledger for parallel valuation
What posting option should you chose for depreciation area 32?
Area Posts Depreciation Only Area Does Not Post Area Posts in Real Time Area Posts APC immediately. Depreciation Periodically.
Which of these types of retirement is called “scrapping”? Partial retirement with revenue and customer Partial retirement without revenue and customer Complete integrated asset retirement Complete retirement with revenue but without customer.
Which data can you edit in the payment proposal?
(There are 3 correct answer)
The payee The cash discount The invoice amount The payment block The house bank.
What are the benefits of public cloud deployment of SAP S/4HANA?
(There are 2 correct answer)
IT cost savings Always up to date Increased customizing flexibility One-time licensing cost payment.
Which you post an incoming payment manually, which date is part of the bank data section of the document header? Posting date Value date Document date Currency translation date.
In which section of the financial statement version can you find related to accounts for sales deductions and material expenses? Sales deductions in Profits and Loss section
Material expenses in Balance Sheet section
Sales deductions in Balance Sheet section
Material expenses Profits and Loss in section
Sales deductions in Profits and Loss section
Material expenses in Profits and Loss section
Sales deductions in Balance Sheet section
Material expenses in Balance Sheet section
.
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 in order to comply?
Change the tax percentage for existing input tax codes to 18% Create new tax codes with the 18% percentage for input tax Create new tax codes with the 18% percentage for input and output tax Change the tax percentage for input and output tax code to 18%.
When you post a payment for an invoice, how does the system derive the splitting characteristics? Default assignment Active document splitting Inheritance Passive document splitting.
Which prerequisites must be fulfilled before you can use negative postings?
(There are 2 correct answer)
The company code must permit negative postings The posting key must permit negative postings The reversal reason must allow negative postings The reversal reason must allow alternative posting dates.
When does the system use the payment notice assigned to the tolerance group as the correspondence type? When a customer has many invoices with different reason codes When a correspondence type is not assigned to any of the reason codes When a reason code contains many different correspondence types When a document has several line items with different reason codes.
Which SAP S/4HANA editions can be easily integrated with SAP Hybris?
(There are 3 correct answer)
SAP S/4HANA Manufacturing SAP S/4HANA Marketing SAP S/4HANA Sales SAP S/4HANA Service SAP S/4HANA Human Resources .
What is the correct order of steps to set up the SAP Financial Closing Cockpit? Create template Create tasks Define Dependencies Create task list Release task list.
Which field is relevant for a recurring document entry? Interval in months Reversal reason User name Settlement period.
In which application areas can you use validation?
(There are 3 correct answer)
Profit Center Accounting Asset Accounting Cost Accounting Material Management Special Purpose ledger.
Which items can you clear with the automatic clearing program? Noted items Items with withholding tax entries Bank transaction items Statistical postings.
What in the purpose of the group account number in G/L account master data maintenance? o It acts as the key to identify the balance sheet and profit and loss accounts in the financial statement version o It is used for cross-company-code reporting if the company codes user different charts of accoun o It determines the fields in the entry screen when you create or update a master record in the company code.
What in the purpose of the group account number in G/L account master data maintenance? It acts as the key to identify the balance sheet and profit and loss accounts in the financial statement version It is used for cross-company-code reporting if the company codes user different charts of account It determines the fields in the entry screen when you create or update a master record in the company code It defaults the number interval that is applied for the G/L account number in the company code.
Which activities are supported by the regrouping program of receivables and payables?
(There are 2 correct answer)
Regrouping of receivable and payable to accrual earnings or expenses Grouping receivables and payables by their remaining life Regrouping and clearing open items for affiliated companies on customers and vendors Regrouping open items based on changed reconciliation accounts.
What needs to be maintained in Customizing to allow cross-company-code transactions?
(There are 2 correct answer)
VAT accounts Clearing accounts Posting keys Field movement.
You are 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 indicator set
How is this shown on the balance sheet? The balance is shown on the liabilities side 50 is shown on the liabilities side and 80 is shown on the assets side The balance is shown on the assets side 50 is shown on the assets side an 0 is shown on the liabilities side.
You want to specify the financial statement version for the asset reports in Customizing
Where do you need to assign the financial statement version? To each company code To each depreciation area To each account principle To each chart of depreciation.
Which field can edited before a parked document is posted?
(There are 3 correct answer)
Currency Account Posting date Document type Amount.
Which of the follow special G/L are noted items?
(There are 2 correct answer)
Guarantee of payments Down payment request Down payment Bill of exchange payment request.
What can assist you in reducing the amount of work required to maintain exchange rates? Average exchange rate Base currency Conversion Indirect quotation.
What do you define in Customizing for the payment program?
(There are 3 correct answer)
Exchange rate type Available amounts Bank subaccounts Form for the payment media Payment run ID.
What kind of posting can be made to an asset under construction (AuC)?
(There are 3 correct answer)
Unplanned depreciation Imputed interest Investment support measures Special depreciation Down payments.
What do you define in payment terms?
(There are 2 correct answer)
Due date specification Cash discount Tolerance keys Posting keys.
Which G/L account type do you select in order to perform activity cost allocations? Non-operation expenses or incoming Secondary cost Primary cost or revenue Balance sheet.
A customer payment was received. And open item does NOT exist for the payment.
How can you post the payment?
Post partial payment Create a residual item Execute payment run Post payment on account.
Your customer wants the values for a special group of assets to be shown separately in the G/L?
Which objects do you need to create in Customizing for Asset Account to meet this requirement?
(There are 2 correct answer)
A new account determination key A new depreciation area A new financials statement version A new asset class.
For reporting purpose your client would like to present information about customer posting that are not reflected in the G/L
What special G/L type do you recommend?
Noted Items Bill of exchanges Statistical postings Free offsetting entries.
What can you use to create substitution rules?
(There are 2 correct answer)
Logical operators Operands Function modules Messages.
What is the maximum number of hierarchy you can maintain in the financial statement version? 5 10 15 20.
What data do you maintain in the chart of accounts section of a G/L account? Consolidation data Authorization data User data Reconciliation data.
To which organizational unit can you assign a validation and/or substitution Business area Profit center Company code Segment.
Your customer wants to have the line item text field mandatory during document entry
Which objects should you analyze in order to fulfill this request
(There are 2 correct answer)
Account group Posting keys G/L amount Document type.
What data model is used for SAP S/4HANA? Online transaction processing (OLTP) and online analytical processing (OLAP) run in a single system Transaction data is extracted to a separate system for online analytical processing (OLAP) purpose Online analytical processing (OLAP) that is based on aggregated tables and indexes Online transaction processing (OLTP) and online analytical processing (OLAP) applications run on different tables.
What must you when setting up depreciation areas? Assign account principles to each depreciation area Define valid depreciation keys for the depreciation area Define the relevant asset classes for each depreciation area Assign depreciation area 01 to the leading ledger 0L.
On which level are asset classes created? Company code Client Chart of depreciation Ledger.
Which are the prerequisites to use data aging in SAP S/4Hana?
(There are 2 correct answer)
Deleting program setting Add the required authorization to your role Define logical path and file names Activate aging on SAP Hana.
Which deployment options exist for SAP S/4HANA?
(There are 3 correct answer)
Central hub deployment Hybrid deployment Cloud deployment On-premise deployment Embedded deployment.
What must you do to create new validations and substitutions
(There are 2 correct answer)
Select the correct call-up point Deactivate all former validations and substitutions Define the area of application Choose the chart of accounts.
How can you post accruals?
(There are 2 correct answer)
Post manually at the end of period, quarter, or year Reclassify the receivables and payables Run the depreciation program Use the recurring entry program.
Your customer wants to start using SAP S/4HANA line-to-business solutions
Which of these solutions help you run human resource (HR) process?
(There are 2 correct answer)
SAP Hybris SAP Fieldglass SAP Success Factors SAP Ariba.
Which deployment option do you recommend to customer who want to run applications on SAP S/4Hana without a large initial investment SAP S/4HANA Cloud SAP S/4HANA on-premise SAP S/4HANA Finance SAP S/4HANA with Central Finance.
On which level do you define a chart of depreciation? Ledger Company Code Client Account Principle.
Which information is checked by the system before a general ledger account is archived? The “Mark for Deletion” indicator is set master data The “Open item Management” indicator is set in master data The assigned group account already archived The “Blocked for posting” indicator is set in master data.
You need to create a G/L drill-down report
Which data do you define as characteristic?
(There are 3 correct answer)
Currency Chart of account Profit Center Profit and loss value.
How does the system behave when an invoice a processed as a residual payment? The payment difference is posted to a different account The payment difference is written off All documents remain in the account as open items The original document and payment are cleared.
In your company code, document splitting is active. The splitting characteristics is the profit center. All accounts are assigned
You post a vendor invoice with a single expense that needs to be posted to three cost centers. The cost center are all assigned to different profit centers. The expenses is charged with 10% VAT
How many line items are created in the Entry views and how many are created in the General Ledger view?
Enter view: 3
General Ledger view: 7
Enter view: 5
General Ledger view: 7
Enter view: 3
General Ledger view: 9
Enter view: 5
General Ledger view: 9
.
What do you need to do use the SAP Financial Closing cockpit? Assign a task group template to an organizational structure Assign a task list template to an organization structure Assign a task group to the task list template Release a task list template for the application.
Which stage of the sales process creates documents for both material management and financial account? Shipping – delivery creation Shipping – goods issue Billing Sales order creation.
You configured Asset Accounting for your company code with three depreciation areas that post in real time and corresponding depreciation areas to track currency values?
When you post an external acquisition, how many documents are created?
1 3 4 6.
What are the results when you post an outgoing partial payment?
(There are 2 correct answer)
The initial invoice is cleared The initial invoice remains open A payment is created with reference to the invoice A payment block is set on the invoice.
Which dates can you use for tax calculation?
(There are 2 correct answer)
Due date Posting date Document date Entry date.
Your customer wants document numbers for two separate document types to share the same number range
How can you achieve this?
Create two internal number ranges with the same range and assign one each to the relevant document types Create substitution rule that updates the document number based on the range you assign in the rule definition Create two external number ranges with the same range and assign one each to the relevant document types Enter the same document number range in the customizing definition of both document types.
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