Cert 16

Question 1

301. Which values can you define as prerequisites for triggering the general journal entry verification workflow (3)

Answer 1

a. COST center
b. ACCOUNT group
c. SOURCE company code

Question 2

302. Which program is used to enter accruals and deferrals regularly

Answer 2

a. Recurring ENTRY program

Question 3

303. Which business scenario can be handled with accrual and deferral postings

Answer 3

a. One-time payment for ONE-YEAR cloud storage service

Question 4

304. What can you control with the tolerance group (3)

Answer 4

a. Maximum permitted payment DIFFERENCES
b. Maximum amount per DOCUMENT
c. Maximum amount per open ITEM

Question 5

305. How many cash discount periods can be entered in the terms of payment

Answer 5

3

Question 6

306. What is the first step in the reconciliation process

Answer 6

a. COLLECT data from different companies

Question 7

307. How does the system perform the normal reversal of a journal entry

Answer 7

a. It creates an inverse posting by INCREASING the transaction figures

Question 8

308. What are the maintenance levels of a screen layout rule for asset classes

Answer 8

a. ASSET class, MAIN asset number, SUBNUMBER

Question 9

309. What are some of the benefits of SAP S/4HANA (2)

Answer 9

a. The data is AVAILABLE in real time at line item detail
b. The data is AGGREGATED on the fly from any line item table

Question 10

310. You are posting an incoming payment against an invoice. Which document values does the user tolerance group control (2)

Answer 10

a. The cash discount amount (absolute value) allowed for a line item
b. The total amount (sum of all line items) allowed to be posted

Question 11

311. Which two reports should you use to create correspondence to and from customers and vendors to enable you to verify the balance of receivables and payables (2)

Answer 11

a. SAPF130K
b. SAPF130D

Question 12

312. What checks can you perform from the Audit Journal app (3)

Answer 12

a. Display journal entry CHANGES
b. Check gaps in journal entry NUMBERING
c. Check multireference INVOICES

Question 13

313. A general ledger account is defined with the account type “Nonoperating Expense or Income”. Where can this account be used

Answer 13

a. Profit and loss account that is used in PROFIT CENTER ACCOUNTING

Question 14

314. What are the features of the Accrual Engine in SAP S/4HANA (2)

Answer 14

a. The FISCAL year variant of the general ledger is supported
b. All CURRENCIES of general ledger are supported

Question 15

315. When procurement transactions are posted, which of the following steps is exclusively carried out in Materials Management

Answer 15

a. CREATION of purchase order

Question 16

316. How many custom currency types can you assign to a company code/ledger combination

Answer 16

8

Question 17

317. Which data do you define on the bank master record (2)

Answer 17

a. ADDRESS data and control data
b. A unique bank country

Question 18

318. You want to define a validation for the combination of general ledger account and cost center. For which call-up point do you define this validation

Answer 18

a. DOCUMENT line

Question 19

319. You’ve negotiated payment terms that include three installment payments with your customer. How many terms of payment must you define

Answer 19

4

Question 20

320. At which levels can validations and substitutions for financial accounting be defined (3)

Answer 20

a. LINE item
b. COMPLETE document
c. HEADER