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SAP Cert > FI > Flashcards

FI Flashcards

1
Q

You define the type of custom currency Z1 for your company code. What types of currency should be stored in the Data Entry view?

A

Company code currency
Document currency

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2
Q

Which sequence of steps allows a three-way match in procurement transactions?

A

Purchase order, invoice receipt, goods receipt

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3
Q

What are the basic definitions you make for validations?

A

Message
Check
Prerequisite

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4
Q

The managerial closing activities include locking the old accounting period. Determine whether this statement is true or false

A

TRUE

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5
Q

Why would you choose to implement the document parking workflow for journal entry verification, compared to the general journal entry verification process?

A

You do not use SAP Fiori.

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6
Q

In the trial balance report that is based on line items, how many fields can you select to report on?

A

More than 100

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7
Q

For which kind of asset is the asset main text always prefilled?

A

Asset subnumbers

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8
Q

When you post a payment for an invoice, how does the system derive the splitting characteristics?

A

Passive document splitting

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9
Q

Which date is used to determine the depreciation start date?

A

Asset value date

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10
Q

Which of the following steps are parts of the process of configuring the payment program?

A

Configure the paying company codes
Configure the payment methods for each company code
Configure the house banks

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11
Q

Which of the following is the first step in the variant principle?

A

Define variant

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12
Q

You use the search in your SAP Fiori launchpad to loop up information for a cost center. What kind of app is used for the information shown in the search results?

A

Factsheet

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13
Q

What does the year-end closing program in Asset Accounting do?

A

It checks whether the depreciation is posted completely for the fiscal year.
It indicates if any of the created asset master records contain errors or are incomplete.
It blocks all postings to Asset Accounting for the closed fiscal years.

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14
Q

What does the document splitting do?

A

It enriches all relevant balance sheet account lines with the defined splitting characteristics.

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15
Q

Which functions allow you to temporarily save the entered data?

A

Parking function
Hold function

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16
Q

Why might you define options to have manually allocated item keys for the financial statement version?

A

To be able to enter an explanatory text for the item key

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17
Q

When can you set the open item management indicator in a general ledger account?

A

When an account is required for clearing
When an account has a zero balance

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18
Q

What items are NOT cleared by the automatic clearing program?

A

Noted items
Statistical postings
Items with withholding tax

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19
Q

For which of the following tasks must you always indicate manual task completion?

A

Notes

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20
Q

Which statements best describe extension ledgers in SAP S/4HANA?

A

Multiple extension ledgers can point to the same underlying ledger.
Extension ledgers can be assigned their own posting period variant.

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21
Q

When making a partial sale, how can you choose to calculate the amount of value reduction for the asset?

A

By quantity
By retirement amount
By percentage

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22
Q

On which levels can you activate document splitting?

A

Client level
Company code level

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23
Q

What are key reasons for preferring a new implementation of SAP S/4HANA rather than a system conversion from SAP ERP?

A

You want to clean up your system and use SAP Best Practices.
You want to deploy SAP S/4HANA Cloud

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24
Q

Where is the billing document created?

A

Sales and Distribution

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25
Q

Which of the following organizational units are part of the enterprise structure of financial accounting?

A

Segment
Functional area
Business area

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26
Q

You are running an international business and you want to set up separate legal entities to run operations and perform accounting activities. Which organizational unit do you need to create for each legal entity?

A

Company code

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27
Q

Which of the following statements is correct for external number assignment (manual posting)?

A

The number is entered by the user.

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28
Q

What are the steps in the Customizing of data archiving?

A

Define archiving storage locations.
Perform cross-object Customizing.
Perform object-specific Customizing.

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29
Q

Data in the SAP HANA database is stored in which two ways?

A

Column
Row

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30
Q

What is the purpose of the group account number in General Ledger account master data maintenance?

A

it is used for cross-company-code reporting if the company codes use different charts of account.

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31
Q

On which level do you maintain the bank directory?

A

Client

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32
Q

Which fields in the company code definition of a general ledger account are always required?

A

Field Status Group
Account Currency

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33
Q

What are some of the personalization options available to users in their SAP Fiori launchpad environment?

A

Users can add applications for filtered report results.
Users can remove applications that they do NOT use.
Users can add applications from the catalog assigned to them.

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34
Q

What information is provided when you execute the balance audit trail?

A

The starting balance and the yearly changes to the balance of a general ledger account

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35
Q

Identify some of the fields related to the depreciation area in the asset master record.

A

Depreciation start
Useful life
Scrap value

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36
Q

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.

A

TRUE

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37
Q

What are the pillars of the SAP Fiori user experience paradigm?

A

Responsive
Simple
Role-based

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38
Q

Which activities are supported by the regrouping program of receivables and payables?

A

Regrouping receivables and payables by their remaining life
Regrouping open items based on changed reconciliation accounts

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39
Q

How does the SAP HANA architecture improve SAP S/4HANA system performance?

A

SAP HANA organizes data in line item tables and can aggregate data from these line item tables at runtime.

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40
Q

You’ve mistakenly created your business partner with the wrong business partner category. You’ve saved the data but haven’t made any postings. What can you do to correct this?

A

Create a new business partner using the correct category

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41
Q

What do you define when configuring asset classes?

A

Number ranges
Screen layout rules
Account determination

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42
Q

At what level is the bank master data stored in SAP S/4HANA?

A

At client level

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43
Q

When you post an amount to an asset in the LVA class that is above the threshold for the maximum value, how does the system respond?

A

The system produces an error message; for you to post, you must split the asset or post to another asset class.

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44
Q

Which of the following currency types can you set in customizing activity “define setting for ledgers and currency type”?

A

Group currency
Local currency

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45
Q

True or False: SAP S/4HANA replaces SAP ERP, and development and support are shifted completely to it.

A

FALSE

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46
Q

What are some of the benefits of SAP S/4HANA?

A

The data is available in real time at line item detail.
The data is aggregated on the fly from any line item table.

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47
Q

What sort of special general ledger types exist?

A

Noted items
Automatic offsetting entries (statistical)
Free offsetting entries

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48
Q

Which stage of the sales process creates documents for both Materials Management and Financial Accounting?

A

Shipping - goods issue

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49
Q

Which system components are directly integrated with asset accounting?

A

Purchasing
Plant maintenance
Investment management

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50
Q

What is the main differentiating factor of posting a manual accrual document compared to other manual transactions?

A

Reversal reason

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51
Q

Your customer wants to start using SAP S/4HANA line-of-business solutions. Which of these solutions help you run human resource management processes?

A

SAP Fieldglass
SAP Success Factors

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52
Q

You are responsible for implementing Asset Accounting. You are provided with the legacy data of various assets and their grouping information based on category, life, and depreciation terms. What configuration step would you initiate to maintain these categories in SAP S/4HANA?

A

Copy the chart of depreciation and maintain depreciation areas.

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53
Q

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?

A

Document line

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54
Q

For which type of account is the line item display generally active?

A

Reconciliation account

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55
Q

What are prerequisites for the 3-way match to work in procurement transactions?

A

Invoice receipt posted in reference to the purchase order
Invoice receipt posted before the goods receipt

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56
Q

Which transactions lead to asset capitalization?

A

Valuated goods receipt
Intracompany transfer
Assets under construction settlement

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57
Q

Which data sections are part of every asset class?

A

Depreciation data section
Master data section

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58
Q

Which of the following product lines does the SAP S/4HANA system rely on for most human resource management functions?

A

SAP SuccessFactors

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59
Q

What are the reasons to perform regrouping of receivables and payables?

A

To group payables and receivables based on the due dates
To display receivables and payables separately
To align amounts on accounts with changed reconciliation accounts

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60
Q

What type of architecture does SAP Business Workflow use?

A

Three-tier

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61
Q

Which of the following lists support the dunning clerk’s work?

A

The dunning history list
The blocked accounts list
The dunning list

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62
Q

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

A

Profit and loss account that is used in margin analysis and profit center accounting

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63
Q

Identify the application areas where validations and substitutions can be used.

A

FI – Financial Accounting
CO – Cost Accounting
AA – Asset Accounting

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64
Q

Which of the following functions include the important functions of the SAP List Viewer tool?

A

Setting filters
Deleting and inserting columns
Calculating totals and subtotals

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65
Q

For which account can you perform account clearing in SAP S4HANA?

A

For any G/L account defined as a reconciliation account

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66
Q

You’re configuring a new SAP S/4HANA system. What are your options for defining the number range assignments for business partners?

A

The business partner drives the number range used.

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67
Q

What is the correct order of steps when you use the SAP I financial Closing Cockpit?

A
  1. Create template
  2. Create tasks
  3. Define dependencies
  4. Create task list
  5. Release task list
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68
Q

How does SAP S/4HANA reduce system complexity and improve system efficiency?

A

By providing views of data at runtime from the same source tables
By removing application code that deals with aggregates and indexes

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69
Q

Which of the following statements apply to the special general ledger types of noted items?

A

No postings are made on an offsetting account.
Noted items are posted to an alternative reconciliation account.
No zero-balance check is made in the system.

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70
Q

In a valuation method, which of the following is not a valuation approach for foreign currency valuation?

A

High rate of interest principle

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71
Q

For which of the following special G/L transactions does the SAP S/4HANA application not update the transaction figures?

A

Noted items

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72
Q

Which of the following are the month-end closing activities for external purposes?

A

Perform foreign currency valuations
Create external and internal reports
Close the old period

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73
Q

What types of objects are maintained separately per client?

A

Transactional data
Master data
Organizational units

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74
Q

You want to configure the tax calculation procedures. What are the main elements you need to define?

A

Sequence of steps
Condition type
Account or transaction key

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75
Q

Which of the following statements are correct?

A

It is possible to design multilevel workflow sequences.
The same workflow variant can be assigned to several company codes.

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76
Q

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?

A

Account type
Document type

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77
Q

On which level is the document parking workflow variant assigned?

A

Company code

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78
Q

What can you achieve by using the head office/branch scenario?

A

Invoices posted to the branch become open items for the head office.

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79
Q

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

A

3

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80
Q

Which statements best describe a chart of depreciation?

A

A chart of depreciation is a country-specific object that is delivered with SAP S/4HANA
A chart of depreciation contains multiple depreciation areas with a provision for addition and deletion of depreciation areas.

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81
Q

What checks does the year-end closing program (RAJABSOO) perform?

A

Depreciation and asset balances are posted in full.
Assets are complete and error-free.

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82
Q

You want to make the Reference Document Number field required for entry. Which object controls this setting?

A

Document type

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83
Q

The cross-company code depreciation area is required in which of the following intercompany transfers?

A

For transfers with nonmatching depreciation areas

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84
Q

A vendor is also a customer. The payment program has to clear the open items. Which setting has to be maintained for the business partner?

A

The account link

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85
Q

Which field status has the lowest priority (G/L accounts)?

A

Optional entry

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86
Q

You want to configure the default baseline date for the payment terms of an incoming invoice. From which date can you derive the baseline date?

A

Entry date
Document date
Posting date

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87
Q

Which of the following are the different history sheet groups that each version of asset history sheets can contain?

A

Book values at the end of the fiscal year
Acquisition
Reposting

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88
Q

You use the ledger approach for parallel accounting in Asset Accounting. Depreciation area 01 is assigned to the leading ledger for an 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?

A

Area Posts in Real Time

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89
Q

A customer payment was received. An open item does NOT exist for the payment. How can you post the payment?

A

Post payment on account

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90
Q

Which of the following can you use for multiple programs with variants that are to be processed automatically?

A

Flow definition

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91
Q

Which KPIs can you find on the accounts payables overview page?

A

Aging analysis
Cash discount utilization

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92
Q

In which items of a financial statement version can you find values related to accounts for sales deductions and material expenses?

A

Sales deductions in loss item
Material expenses in liabilities item

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93
Q

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?

A

Account determination key
Asset class

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94
Q

What is the main motivation for creating rules for substitutions and validations?

A

Reuse in multiple steps

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95
Q

In which step of the SAP Financial Closing Cockpit configuration do you define parameters settings for variables of program variants?

A

Task list creation

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96
Q

What are the three basic steps required to define a new company code?

A

Adjust global parameters
Adjust basic and address data
Copy existing company code

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97
Q

During which actions does the system assign the document number for Financial Accounting?

A

Park
Post

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98
Q

Which of the following segments contains the general data of a customer or vendor that can be accessed throughout the organization?

A

Client level

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99
Q

Your customer operates 20 company codes in 10 different countries and three continents. What is the minimum number of clients you must configure in the SAP S/4HANA system to depict this scenario?

A

1

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100
Q

When setting up the system, you want to maintain default values for users of a company code. Which application do you use?

A

User Maintenance

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101
Q

How does SAP S/4HANA support the treatment of taxes?

A

It checks the tax amount entered and automatically calculates the tax.
It performs tax adjustments for cash discounts and other forms of deductions.
It posts the tax amount to tax accounts.

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102
Q

What are the characteristics of a company in SAP S/4HANA?

A

It can be assigned to a company code
It is considered for consolidation.

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103
Q

If there is no entry or if a runtime value is empty, the system uses a minimum runtime of 999 days. Determine whether this statement is true or false.

A

FALSE

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104
Q

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.

A

TRUE

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105
Q

Which is the first step in the procedure of making down payments in the customer area?

A

Down payment request

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106
Q

Which of the following special G/L transactions are noted items?

A

Bill of exchange payment request
Down payment request

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107
Q

In an asset main number in Asset Accounting, which information can be different between international GAAP and local GAAP?

A

Net book value
Deprecation start date

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108
Q

Which entries do you define when maintaining a G/L account?

A

Account Type
Field status group
Account group

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109
Q

What must you do to create new validations and substitutions?

A

Select the relevant call-up point
Define the area of application

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110
Q

In your system, you currently perform manual outgoing payments and you want to use the automatic payment program. Which settings must you maintain as part of the configuration of the automatic payment program?

A

Bank determination
Paying company codes

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111
Q

What should you check if the balance of the GR/IR account is not zero at the purchase order item level on the balance sheet key date?

A

Check to see if the goods were invoiced by the key date, but have not yet been delivered.
Check to see if the goods were delivered by the key date, but have not yet been invoiced.

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112
Q

You assign currency type of 40 to your company code in ledger 0L. Which source currency types can you select?

A

Group currency
Company Code currency

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113
Q

What data is migrated during a system conversion?

A

All company codes with all data of all years.

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114
Q

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

A

Asset class, main asset number, subnumber

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115
Q

You need to make the line item text field mandatory during document entry. Which objects should you analyze to fulfill this request?

A

Posting key
G/L account

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116
Q

You perform foreign currency valuation for open items of your supplier accounts. The valuations will be used only for period end reporting and should then be reversed. What account does the system use to post the valuation differences?

A

Adjustment G/L account for foreign currency

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117
Q

Which of the following steps do you typically perform when executing the payment run with the automatic payment program?

A

Maintain open item selection parameters.
Review the payment proposal exception list.

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118
Q

Which of the following fields can be changed in the document header?

A

Reference number
Document header text

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119
Q

Which data model is used for SAP S/4HANA?

A

Online transactional processing (OLTP) and online analytical processing (OLAP) both running on a single system.

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120
Q

Which business partner categories are available to manage relationships?

A

Person
Organization

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121
Q

What do you need to do to configure a new exchange rate type in SAP S/4HANA?

A

Specify a purpose for the exchange rate type.
Set up the relationship between currencies using translation ratios.

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122
Q

You are getting ready to post your first simple general ledger document using the SAP Fiori app for posting in a test environment. What configuration items do you need to set up to post a simple document?

A

Posting period variant must be created and assigned.
Number range and document types must be maintained.

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123
Q

Which of the following statements best describe how core data services (CDS) are developed?

A

They are developed in the ABAP layer of the SAP S/4HANA system by the IT user.

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124
Q

How many posting period intervals in SAP S/4HANA are used for postings of Financial Accounting (FI) and Controlling (CO)?

A

3

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125
Q

Which steps are required to create a substitution in Financial Accounting?

A

Define the substitution rule with its different steps using the formula editor.
Activate the substitution rule.
Assign the substitution rule to the controlling area.

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126
Q

Your customer wants to convert their SAP ERP classic general ledger to SAP S/4HANA. What system configuration options are available for the customer within the convened system?

A

Implementation of document splitting
Implementation of additional ledgers for parallel accounting

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127
Q

Which business scenarios can be handled with accrual and deferral postings?

A

One-time payment for one-year cloud storage service

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128
Q

Which reporting tools are available with SAP S/4HANA embedded analytics?

A

Query Browser
KPI modelling apps

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129
Q

On what basis does the system determine the period for the asset retirement?

A

Asset value date (asset retirement date)

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130
Q

In the payment method settings for the company code, what options do you have for payment optimization?

A

Optimization by bank group
Optimization by postal code

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131
Q

How do you identify an asset as an asset under construction?

A

The asset belongs to a specific asset class.

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132
Q

Which prerequisites must be fulfilled before you can use negative postings?

A

The company code must permit negative postings.
The reversal reason must allow negative postings.

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133
Q

Which process is automated with purchase order accruals, compared to manual accruals with the accrual engine?

A

Create accrual object

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134
Q

In which application areas can you use validation?

A

Cost Accounting
Asset Accounting

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135
Q

You are configuring accrual types for the accrual engine. For which postings is account determination required?

A

Opening Posting only
Periodic only

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136
Q

Which of the following procedures are available to check the balance of receivables and payables in balance confirmations?

A

Balance confirmation
Balance notification
Balance request

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137
Q

Which fields can you edit before posting a parked document?

A

Posting date
Amount
Account

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138
Q

How can you select to post accrual amounts when customizing the accrual engine?

A

Post delta amounts
Post full amounts

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139
Q

What is true for real depreciation areas?

A

You can post transactions to them independently.

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140
Q

On which organization unit level do you define a chart of depreciation?

A

client

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141
Q

Which of the following are valid settlement receivers when you perform settlement for an asset under construction on a line item basis?

A

Cost center
Fixed asset

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142
Q

Where can an SAP Fiori end user change the theme of their launchpad?

A

In the Me area of the launchpad

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143
Q

Which of the following are standard correspondence types?

A

Payment notice
Open items list
Account statement

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144
Q

How many intervals are defined for the foreign currency valuation run ID per client?

A

1

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145
Q

The dunning run is made up of three main steps that happen in a particular sequence. What is the correct sequence of steps?

A

Account selection
Dun line items
Dun account

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146
Q

In your SAP S/4HANA system, you want to archive the G/L accounts that are not used by the business in any company code. What are prerequisites to archiving all data of a G/L account?

A

There are no transaction figures for the account.
Set the deletion flag in the chart of accounts data of the G/L account.
Set the deletion flag in the company code data of the G/L account.

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147
Q

Identify the three types of tolerances in accounting.

A

Employee tolerance groups
G/L account tolerance groups
Customer/vendor tolerance groups

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148
Q

What technology did SAP leverage to eliminate aggregate tables from the SAP S/4HANA system while maintaining compatibility with many legacy programs?

A

Compatibility views

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149
Q

You have an invoice for transport expenses for your assets under construction. These expenses can be capitalized per IFRS but not in the local GAAP. What is the best way to handle this?

A

Post the invoice to the assets under construction and manage settlement per depreciation area.

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150
Q

Which of the following logistic processes are involved in asset acquisition with materials management (MM)?

A

Purchase requisition
Purchase order
Goods receipt

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151
Q

After you collect data in the Intercompany Reconciliation tool, what are the next steps of the reconciliation process?

A
  1. Store the data
  2. Present reconciled and non-reconciled data
  3. Communicate differences.
  4. Post the correction documents.
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152
Q

Within the line items of FI documents, what does the posting key control?

A

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

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153
Q

At which levels can validations and substitutions for financial accounting be defined?

A

Line item
Complete document
Header

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154
Q

What are the parameters to define different technical clearing accounts for integrated acquisition in new asset accounting?

A

Chart of accounts
Account determination

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155
Q

You want to post journal entries in a special period. Which conditions must be met?

A

The special period must be open for posting in the period control
You must enter a posting date in the last posting period

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156
Q

Which of the options are types of user fields?

A

Evaluation Group
Asset Super Number

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157
Q

A business partner is both a customer and a supplier. The customer has a sizable open amount unpaid. You want to make sure that the payment program posts no outgoing payments to the business partner until he has paid part of the outstanding amount. How can you do this?

A

Assign a payment block in the supplier business partner role details

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158
Q

Your customer- performs pre-closing activities on the last day of the month. Which activities are typically executed during pre-closing?

A

Post recurring entries for the general ledger.

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159
Q

What can you manually select to copy when you copy a company code?

A

Controlling area assignment
General ledger account data
Company code currency

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160
Q

Your company code is assigned to two standard ledgers and one extension ledger. You post an invoice with one expense line item with a 10% VAT (sales) tax. How many line items are posted in the document entry view (table BSEG)?

A

3

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161
Q

How can you default a value for the cost center in the entire asset class for buildings?

A

By changing the assigned screen layout

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162
Q

What is required to enable the payment approval process in cash operations?

A

Define signature methods for approvals
Define a grouping method for the rule you defined.
Create a rule for approvals

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163
Q

Your company code is assigned to a leading ledger, two additional normal ledgers, and one extension ledger. How many carryforwards must be executed?

A

4

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164
Q

Which of the following statements are valid for financial document number ranges?

A

Financial document number ranges are defined at company code level.
The same financial document number range can be assigned to several document types.
Financial document number ranges must be defined for the year in which they are used.

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165
Q

Which field cannot be changed during document posting for the one-time customer?

A

Customer Number

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166
Q

Which data do you define on the bank master record?

A

Address data and control data
A unique bank country

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167
Q

In an asset main number in Asset Accounting, which information can be different between international GAAP and local GAAP?

A

Net book value
Deprecation start date

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168
Q

Which of the following original Management Accounting objects can you assign in the asset master record?

A

Activity type
Order
Cost center

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169
Q

Which closing activities are used in external reporting as per SAP best practices?

A

Perform valuations of open items in foreign currency.
Reclassify receivables and payables.

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170
Q

What is the secondary cost general ledger account type used for?

A

To post internal cost allocations in management accounting

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171
Q

What can you control with the reason code in Accounts Receivable?

A

The type of payment notice sent to a customer
The account where a residual item is posted
The exclusion of disputed residual items from credit limit checks

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172
Q

How does the system perform the normal reversal of a journal entry?

A

It creates an inverse posting by increasing the transaction figures.

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173
Q

To which object do you assign valuation methods?

A

Valuation area

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174
Q

Which business partner categories does the system support?

A

Person
Organization
Group

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175
Q

What is true for assigning charts of depreciation to company codes?

A

Each company code can be assigned to a different chart of depreciation

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176
Q

Your customer wants the document numbers for two separate document types to share the same number range. How can you achieve this?

A

Enter the same document number range in the customizing definition of both document types.

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177
Q

What types of chart of accounts are there?

A

Operational chart of accounts
Country chart of accounts
Group chart of accounts

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178
Q

At which point is the down payment request created in the integrated down payment process with purchasing?

A

Purchase order

179
Q

You are posting an incoming payment against an invoice. Which document values does the user tolerance group control?

A

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

180
Q

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?

A

SAPF130K
SAPF130D

181
Q

Which of the following options can you use to change the G/L account master data using collective processing?

A

Change chart of accounts data
Change company code data
Change account descriptions

182
Q

Which of the following objects are relevant to the dunning program configuration?

A

Dunning levels
Expenses or charges
Minimum amounts

183
Q

What are the key components of the Intelligent Enterprise by SAP?

A

Digital platform
Intelligent technologies

184
Q

To use the SAP Financial Closing cockpit, which steps are required?

A

Create a template.
Define tasks dependencies
Release the task list

185
Q

Which of the following are SAP Fiori design principles?

A

Role-based
Responsive

186
Q

Which prerequisite must be met by the technical clearing account for integrated asset acquisition?

A

The account is a reconciliation balance sheet account for fixed assets

187
Q

Which of the following parameters can you define within a dunning procedure?

A

Number of dunning levels
Line item grace period

188
Q

How can you post accruals?

A

Use the recurring entry program.
Execute the periodic accrual run.
Post manually at the end of a period, quarter, or year.

189
Q

Which objects can be posted to by more than one company code?

A

Profit Center
Business area
Segment

190
Q

What is the maximum number of steps possible in validation?

A

999

191
Q

Which of the following are the steps of Intercompany reconciliation?

A

Document selection and data storage
Automatic assignment of documents
Manual reconciliation and communication

192
Q

Which elements define the integration of asset acquisitions to the general ledger?

A

Asset class
Depreciation area

193
Q

When a payment in foreign currency clears the amount of the invoice exactly in the foreign currency but in the local currency is more than the invoiced amount, what does the system do?

A

Post to profit from exchange rate differences.

194
Q

Which standard currency types must be used when configuring the currency settings for company codes?

A

Company code currency
Controlling area currency

195
Q

Which is the most flexible SAP S/4HANA Cloud solution for customers?

A

Private option

196
Q

You need to post customer invoices through an interface with a non-SAP system. You want to define a new document type with a specific document number range that matches the document numbers of the source system. How do you define the document number range?

A

You must use external number assignment.

197
Q

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?

A

You can only post to the account in CAD.

198
Q

Which of the following standard correspondence types can you use to exchange information with customers and suppliers?

A

Payment notices
Dunning letters

199
Q

In your system, you currently perform manual outgoing payments and you want to use the automatic payment program Which settings must you maintain as part of the configuration of the automatic payment program?

A

Bank determination
Paying company codes

200
Q

Identify the criteria that usually differentiate between document change rules.

A

Account type
Company code

201
Q

What are the differences between holding and parking documents?

A

The parked document can trigger workflow processes.
The held document doesn’t have a document number assigned.

202
Q

Which of the following is an example of an automatic offsetting entry?

A

Posting of a guarantee of payment

203
Q

Identify the steps performed during the general ledger closing operations for the fiscal year.

A

Foreign currency documents are valuated.
Accruals are carried out.
The balance carry forward program is run.

204
Q

What is a reason for performing data archiving?

A

To control hardware requirements

205
Q

Which of the following parameters are controlled by the screen layout?

A

Field selection
Maintenance level
Reference

206
Q

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?

A

Posting date and asset value date

207
Q

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?

A

Select the Record Account Assignment indicator.
Define the G/L account as an asset reconciliation account

208
Q

On which levels can you maintain field status controls for business partners (BP)?

A

Client
BP type
BP role

209
Q

With the automatic clearing program, a user can clear open items for which of the following items?

A

General ledger
Subledger accounts

210
Q

Which currency valuation program is replaced by FAGL_FCV?

A

FAGL_FC_VALUATION

211
Q

Which attributes should you consider when defining asset number ranges?

A

Each asset class can have either an internal or external number range.
Asset number ranges are defined for asset classes and are company code specific.

212
Q

You are responsible for configuring document splitting. What are some of the key settings?

A

Business transaction variant
Document type

213
Q

You want to create a substitution in Financial Accounting. Which parts do you have to define for each step of the substitution?

A

Replacement
Prerequisite

214
Q

When is it possible to set the open item management indicator in a general ledger account?

A

When an account has a zero balance
When an account is set up as a balance sheet account

215
Q

How many separate period intervals are there to control open posting periods?

A

3

216
Q

You are performing a system conversion for a customer that uses classic general ledger with the accounts approach. What must you configure in SAP S/4HANA for local and international accounting standards in order to migrate the account values?

A

Accounting principles
Valuation areas
Ledger groups

217
Q

In your SAP S/4HANA system, you report financial values for three separate accounting principles. You post an acquisition for an asset that is capitalized in a single accounting principle. If you use the application to post integrated asset acquisitions, how many documents will the system post?

A

3

218
Q

Which of the following activities does the system perform during the payment run?

A

The system makes postings to the G/L and AP/AR subledgers.
The system clears open items.
The system supplies the print programs with necessary data.

219
Q

You need to define a new document type with a specific document number range to post customer invoices via interface from a non-SAP system. How would you define the document number range?

A

You have to use external number assignment.

220
Q

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?

A

Assign the corresponding SAP Fiori tile catalog to the user.

221
Q

Which of the following assignments can be adjusted for the company code?

A

Chart of accounts
Company
Fiscal year variant

222
Q

What is the maximum dunning level that can be assigned to a dunning procedure?

A

9

223
Q

What can you control with the tolerance group?

A

Maximum permitted payment differences
Maximum amount per document
Maximum amount per open item

224
Q

Which deployment option do you recommend to customers who want to always be on the latest release of SAP S/4HANA?

A

SAP S/4HANA Cloud

225
Q

You can compare text patterns in your statements using the keyword LIKE. Determine whether this statement is true or false.

A

TRUE

226
Q

How can you set up multiple valuations for transfer pricing in your SAP S/4HANA system?

A

You can assign profit center, group, and legal valuations to the same ledger
You can assign each valuation to a separate ledger.

227
Q

What can you enter in the header section of the Post Outgoing Payments app?

A

Value date
Bank fees
Customer

228
Q

In the integrated scenario for down payments, in what step of the process do you enter the down payment information?

A

Purchase order creation

229
Q

When creating a general ledger account and there are conflicting field statuses, which field status has the highest priority?

A

Suppress

230
Q

What is the format of a company code key?

A

Four-digit alphanumeric

231
Q

Your customer uses a posting period variant with special periods, and you need to allow specific users to post in these specials periods. What do you assign in the posting period variant?

A

An authorization group to period intervals 1 and 2

232
Q

Which of the following is a technical year-end closing activity in SAP S/4HANA?

A

Ledger balances must be carried forward.

233
Q

What data do you maintain in the chart of accounts sections of a General Ledger account?

A

Consolidation data

234
Q

Identify the reasons for archiving data.

A

Improving response times and ensuring good response times.
Lowering the effort involved in database administration.
Reducing the system downtime when carrying out software upgrades, recoveries, and (offline) database backups.

235
Q

How does the system behave when an invoice is processed as a residual payment?

A

The original document and payment are cleared.

236
Q

Where do you indicate that the useful life of the asset sub-number is identical to the useful life of the main asset?

A

In the screen layout of the depredation area

237
Q

On which level are asset classes created?

A

Client

238
Q

What kind of automated checks are available for the financial statement version?

A

Check for incorrectly assigned accounts
Check for accounts assigned to one side only

239
Q

What is shared between all deployment options for SAP S/4HANA (Cloud, On-Premise)?

A

User experience
Data model
Configuration scope

240
Q

The usage of which of the following depreciation types can be activated per depreciation area?

A

Ordinary depreciation
Special depreciation
Unplanned depreciation

241
Q

For which of the following transactions can you use noted items?

A

Down payment request

242
Q

Cleared items contain which of the following pieces of information?

A

Clearing document number
Clearing date

243
Q

True or False: Anyone with an appropriate user name and password can log on to the SAP Fiori launchpad through a web browser.

A

TRUE

244
Q

What options does a processor for a general journal entry submitted for verification have?

A

Reject
Submit
Approve

245
Q

Down payments received reduce the total of which of the following entities?

A

Receivables

246
Q

For which special G/L indicator do you specify a target special G/L indicator?

A

Vendor down payment request

247
Q

Which fields of a financial accounting document influence the automatic payment program?

A

Payment method
Payment term
Payment block

248
Q

You are configuring depreciation areas in Asset Accounting. Which of the following settings is NOT permitted?

A

Area posts revaluation only

249
Q

For reporting purposes, your client would like to present information about customer postings that are NOT reflected in the G/L.Which special G/L type do you recommend?

A

Noted items

250
Q

You forgot to add a new general ledger account into the financial statement version. What impact does this have on the net profit and net loss?

A

The balance of the new account is added to the non-assigned section and is included in the calculation.

251
Q

What is the purpose of the chart of depreciation?

A

The chart of depreciation facilitates country-specific legal valuation of fixed assets.

252
Q

You are a group cash manager interested in the North American business market. What are the personalization options available to you in SAP Fiori?

A

You can create an app to take you directly to the cash position of the North American business market.
You can create a tile group with all the apps required for your daily business for easy access.

253
Q

Which of the following information is entered in the chart of accounts segment of a G/L account?

A

Account number
Control fields
Consolidation fields

254
Q

You configured Asset Accounting for your company code with three depreciation areas that post in real time and corresponding depreciation areas to track group currency values. When you post an external acquisition, how many documents are created?

A

4

255
Q

How does an automatic intercompany asset transfer work?

A

It assumes that the transfer happens between two independent legal entities.

256
Q

A document has several line items, with different reason codes entered. For the automatic payment, which correspondence type does the system choose?

A

The one assigned to the tolerance group

257
Q

What can you assign in a depreciation area in SAP S/4HANA Finance asset accounting?

A

An accounting principle

258
Q

Which of the following are posted in the program FAA_DEPRECIATION_POST?

A

Ordinary depreciation such as book depreciation or imputed depreciation
Unplanned depreciation or other manually planned depreciation
Imputed interest

259
Q

Which SAP technological product provides the platform required for SAP to support the digital transformation of an organization?

A

SAP HANA

260
Q

You are starting the fiscal year-end process in Asset Accounting in SAP S/4HANA. What are the year-end closing program checks for Asset Accounting?

A

Assets are complete and error free.
Depreciation is posted in full.

261
Q

Which of the following retirement types is referred to as scrapping?

A

Partial retirement without revenue and without customer

262
Q

Which deployment options exist for SAP S4HANA?

A

Cloud deployment
Hybrid deployment
On-premise deployment

263
Q

Which prerequisites must be fulfilled to allow for negative postings of journal entries?

A

The reversal reason must be configured to allow negative postings.
The company code must allow negative postings.

264
Q

What is the first step in the reconciliation process?

A

Collect data from different companies

265
Q

Which of the following methods can be used to transfer Asset Accounting (FI-AA) legacy data?

A

For a small quantity of legacy data, use AS100.
For a large to very large quantity of legacy data, use the legacy data transfer using a BAPI interface
For a manageable quantity of legacy data, use the manual transaction code AS91 and ABLDT

266
Q

Which of the following standard currency types can you set in customizing activity “define setting for ledgers and currency type”?

A

Local Currency
Group Currency

267
Q

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?

A

Create new tax codes with the 18% percentage for input and output tax.

268
Q

Which of the following control data is carried by asset classes?

A

Number range interval
Account determination
Screen layout

269
Q

Which document splitting setting for the segment characteristic will ensure that no document line will be posted without a segment?

A

Mandatory field

270
Q

Which business partner objects can you define field statuses for?

A

Role
Type

271
Q

What is the purpose of period interval 3 when you define open and closed periods?

A

It is used for posting from CO to FI.

272
Q

What settings can you define specifically for an asset class?

A

Asset under construction category
Synchronization rules for asset and equipment
Account determination key

273
Q

The managerial closing activities include locking the old accounting period. Determine whether this statement is true or false.

A

TRUE

274
Q

On which levels do you maintain data for an integrated customer account?

A

Sales area
Company code
General data at the client level

275
Q

Which parameters can you specify when you create a new correspondence type?

A

Number of date fields required
Account required
Document number required

276
Q

What do you configure to allow cross-company-code transactions?

A

Posting keys
Clearing accounts

277
Q

You start your first sandbox migration and get a lot of errors. How are errors in an SAP S/4HANA migration handled?

A

All errors must be corrected during migration to complete it.
Critical errors must be resolved in the production system before Go Live.

278
Q

The SAP HANA database relies on which of the following technologies for storing data?

A

In-memory
Columnar store
Compression

279
Q

What is the name of the leading ledger that SAP provides with the standard system?

A

0L

280
Q

On what level do you assign dunning areas?

A

Company code

281
Q

You execute a report based on the location and are missing an asset. What might have happened?

A

The equipment assigned to the asset was moved.
The asset was sold to a customer.

282
Q

SAP S/4HANA is the digital core of the intelligent enterprise. Which applications from the SAP portfolio integrate with SAP S/4HANA to help you perform human resource management?

A

SAP Success Factors
SAP Fieldglass

283
Q

On what level can you assign a fiscal year variant to a company code?

A

Ledger

284
Q

In which object do you define which SAP Fiori apps a user can use?

A

Fiori tile catalog

285
Q

Which data can you edit in the payment proposal?

A

House bank
Payment block
Cash discount

286
Q

What must you do when you set up depreciation areas?

A

Assign an accounting principle for each depreciation area.

287
Q

Which configuration can you use to define separate payment terms for the same terms of payment key?

A

Day limit

288
Q

What account types can you use to classify general ledger accounts in SAP S/4HANA?

A

Secondary costs
Non-operating expense or income
Balance sheet

289
Q

The deletion flag is one of the requirements that the system checks before archiving the master data. Determine whether this statement is true or false.

A

TRUE

290
Q

A message can contain up to six fields. Determine whether this statement is true or false.

A

FALSE

291
Q

How can you create an asset under construction?

A

Automatically, when settling capex costs from an internal order
Automatically, when creating an investment measure

292
Q

In Asset Accounting, which object do you use to handle separate valuation for parallel accounting?

A

Depreciation area

293
Q

Which statement best describes the normal reversals functionality?

A

Executes an inverse posting by increasing the transaction figures.

294
Q

During the archiving procedure, if the application generates a specific log, it is used; otherwise, you need to manually create a log. Determine whether this statement is true or false.

A

FALSE

295
Q

What does the document splitting function do?

A

It enriches all customer and vendor line items with the defined splitting characteristics in the relevant subledgers.
It enriches all relevant balance sheet account lines with the defined splitting characteristics

296
Q

What does the posting key define?

A

Debit or credit line
Account type

297
Q

Which objects can define the maximum length of a general ledger account?

A

Account group
Chart of accounts

298
Q

On which database is SAP S/4HANA built to run?

A

Only on SAP HANA

299
Q

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

A

8

300
Q

What are some features of SAP HANA?

A

SAP HANA is optimized to organize data using column stores.
SAP HANA allows transactional and analytical processing off the same tables.

301
Q

What do you define when you create a new document type?

A

Number range for the document type
Account types allowed for posting

302
Q

How can you perform transfers of assets between company codes with different charts of depreciation?

A

Configure the cross-company depreciation areas in customizing.

303
Q

What is the purpose of the reorganization of segments?

A

Enables merge of segments.
Enables segment reassignments.

304
Q

What fields do you have to enter to make a document reversal?

A

Posting Date
Reversal Reason

305
Q

Your customer doesn’t want to implement profitability analysis, not even account-based, because the company doesn’t understand its value. Which argument would you use to persuade the customer?

A

Profit and loss statements can be analyzed by sales-specific characteristics.

306
Q

Which of the following parameters can be changed on a time-dependent basis?

A

Depreciation key
Useful life (year or period)
Variable depreciation portion

307
Q

Which tasks are stages of dunning execution?

A

Maintain the dunning parameters.
Schedule the dunning run.

308
Q

What can you change for items that are in the exceptions list of the payment proposal?

A

Bank selection
Payment method
Payment block

309
Q

You create a new G/L account. Which G/L account type can you assign?

A

Primary Costs or Revenue
Secondary Costs

310
Q

What do you define in payment terms?

A

Cash discount
Due date specification

311
Q

The SAP Business Workflow ________ process dimensions.

A

Four

312
Q

For which activities can you use an extension ledger?

A

Simulation of foreign currency valuation
Adjustments for consolidation purposes

313
Q

You want to quickly launch the balance sheet for the company code you are responsible for from the SAP Fiori launchpad. What can you create to achieve this?

A

Your own application tile

314
Q

You post a purchase order. For which expenses does the system calculate accruals?

A

Insurance premiums
Consulting services

315
Q

SAP HANA makes extensive use of which high-speed hardware technology to offer more speed?

A

Multicore CPUs

316
Q

What does assigning a screen variant during document entry do?

A

It changes the fields that are ready for entry in the line items.

317
Q

What are the features of the Accrual Engine in SAP S/4HANA?

A

The fiscal year variant of the general ledger is supported.
All currencies of general ledger are supported.

318
Q

What do you define in Customizing for the payment program?

A

Forms for the payment media
Allowed currencies
Bank determination

319
Q

Which values can you define as prerequisites for triggering the general journal entry verification workflow?

A

Cost center
Account group
Source company code

320
Q

True or False: Choosing between SAP S/4HANA and SAP S/4HANA Cloud is also a matter of required scope.

A

TRUE

321
Q

What are the results when you post an outgoing partial payment?

A

The initial invoice remains open.
A payment is created with reference to the invoice.

322
Q

Customers using classic General Ledger Accounting can use RFBILAOO to create a financial statement at which organization levels?

A

Business area level
Company area level

323
Q

Which of the following are default items assigned to every financial statement version?

A

Profit and loss results
Liabilities and equity
Assets

324
Q

What dunning-related data do you maintain on the business partner master record?

A

Dunning procedure
Dunning area
Dunning block

325
Q

Which dates can you use for tax calculation?

A

Document date
Posting date

326
Q

Which of the following components make up an archiving object?

A

Data declaration part
Customizing settings
Programs

327
Q

Which values can be posted to a specific ledger?

A

Accruals
Depreciation
Payments

328
Q

Which of the following are the characteristics included in general ledger drilldown reports?

A

Company code
Business area
Segment

329
Q

Which parameter indicates that a line item can only be dunned with restrictions?

A

Dunning key

330
Q

What is the correct order of steps when configuring the payment programs?

A

All company codes, paying company codes, payment methods in country, payment methods in company code, bank determination

331
Q

At which level do you assign the print program to the correspondence type?

A

At company code level only

332
Q

Your customer uses the ledger approach to multiple valuation. During conversion to SAP S/4HANA, which configurations will be required?

A

Convert accounts of parallel valuations to asset reconciliation accounts.
Assign accounting principles to all real and derived depreciation areas.

333
Q

When assigning dunning charges to a dunning procedure, what options do you have?

A

To assign a fixed amount without assigning a dunning charge percentage.
To assign a dunning charge percentage without assigning a fixed amount.

334
Q

You receive a payment for an invoice that is smaller than the owed amount. How can you manage payment differences in the Post Incoming Payments app?

A

Partial payment
Residual item

335
Q

A maximum of how many special/valuation periods can be open at the same time?

A

4

336
Q

What does the document type control?

A

Whether negative postings are permitted
Which account types are allowed for postings

337
Q

You indicate that you’re posting to the ledger group of an extension ledger. How many ledgers are updated?

A

Only the extension ledger

338
Q

What happens to the transaction figures when you post a normal reversal posting?

A

They are increased.

339
Q

In addition to the local and global currency in the universal journal, how many freely defined currencies can you assign per company code and ledger.

A

8

340
Q

Which of the following methods does the depreciation key define?

A

Multilevel method
Period control method
Base method

341
Q

You must run the foreign currency valuation for both US GAAP and IFRS, which leads to different values for the two different accounting principles. How can you set this up in the system?

A

Define two valuation methods and assign the accounting principles to the new valuation methods

342
Q

Which field in the business partner master can you configure so that the document reference is transferred to the line item?

A

Sort Key

343
Q

Which component of the framework for the intelligent enterprise includes SAP Leonardo?

A

Intelligent technologies

344
Q

The variant principle is used in SAP S/4HANA to assign particular properties to one or more objects. How many steps does the variant principle have?

A

3

345
Q

You need to use foreign currency valuation in the ledger solution. Which objects must you define in Customizing?

A

Account determinations
Accounting principles
Valuation areas

346
Q

Which edition of SAP S/4HANA introduced the universal journal?

A

SAP S/4HANA Finance 1503

347
Q

Which information is part of the Bank Master Data?

A

Address details
Control data

348
Q

Which of the following statements best describe a noted item?

A

It can be used to remind the user about due payments.
It can be accessed by the payment program.

349
Q

Which of the following types of tasks are available in the Financial Closing Cockpit application?

A

Online transactions
Flow definition
Remote tasks

350
Q

Which of the following tolerance groups should every company code always have?

A

Blank

351
Q

For reporting purposes, your client would like to present information about customer postings that are NOT reflected in the G/L.Which special G/L type do you recommend?

A

Noted items

352
Q

You want to specify the financial statement version for asset reports in Customizing. Where do you need to assign the financial statement version?

A

To each depreciation area

353
Q

Document splitting is active in your company code. The splitting characteristic is the profit center. All accounts are assigned. You post a vendor invoice with a single expense that are all assigned to different profit Centers. The expense is changed with10% VAT. How many line items are created in the Entry view and how many are created in the General Ledger view?

A

Entry view: 5
General Ledger view: 9

354
Q

You have to map two accounting principles for accounting. Using the accounts approach to parallel valuation in SAP S/4HANA, which ledger must you use?

A

Leading ledger

355
Q

When you post a manual incoming payment, which parameters are valid for all payment documents?

A

Journal entry type
Bank account

356
Q

Which of the following has to be created and assigned to an organizational structure before the Financial Closing Cockpit can be used?

A

Task list template

357
Q

Which of the following fields can be configured as changeable in a document header?

A

Document Reference

358
Q

What types of data are maintained for a house bank?

A

General Ledger account
Data medium exchange (DME) details

359
Q

For general ledger account posting, which one of the following standard posting keys is for debit?

A

40

360
Q

Which object hierarchies can you maintain with the Manage Global Accounting Hierarchy app?

A

Cost center
Functional area
Profit center

361
Q

Which information is checked by the system before a general ledger account k archived?

A

The Mark for Deletion indicator is set in master data

362
Q

You need to enter a percentage rate in the terms of payment to calculate _____

A

Cash discount

363
Q

Identify the callup points that have been provided for Financial Accounting (FI).

A

Document header
Document line
Complete Document

364
Q

Which date defines the period a document can be posted to?

A

Posting date

365
Q

Two assets (belonging to the same company code) post depreciation to different general ledger accounts. What does this mean for the assets?

A

The assets belong to different asset classes
The assets are assigned to separate account determinations

366
Q

What object determines the number range for business partner master data?

A

Business partner grouping

367
Q

What can you do with asset accounting in SAP S/4HANA Finance?

A

Post revenue for retirements by acquisition and production cost.
Assign separate settlement rules for depreciation areas.
Simultaneously post separate values by depreciation area.

368
Q

What is the difference between the ledger approach and the accounts approach to parallel valuation in Asset Accounting?

A

In the accounts approach, you assign a completely separate set of accounts for each accounting principle, unlike the ledger approach.

369
Q

In SAP S/4HANA, on which levels can you maintain open posting periods?

A

Posting period variant
Controlling area

370
Q

What is the order of configuration within the SAP Financial Closing cockpit?

A

Create template, create tasks, define dependencies, create task list, release task list

371
Q

When you copy an asset, the asset text is copied as well. How can you avoid this?

A

By changing the assigned screen layout

372
Q

What is controlled by the terms of payment?

A

Determination of the baseline date
Allowed account type
Default payment method

373
Q

There are four dunning program steps that can be performed during the automatic dunning procedure as follows: Arrange these steps into the correct sequence.

A

Maintain the parameters.
Schedule the dunning run.
Change the dunning proposal.

374
Q

You want to develop a substantial enhancement for the purchase-to-pay process in your SAP S/4HANA system. Where does SAP recommend you perform this enhancement?

A

SAP Cloud Platform

375
Q

What archiving step must precede archiving a supplier invoice posted directly to FI?

A

Archive FI transaction figures

376
Q

For reporting purposes, your client would like to present information about customer postings that are NOT reflected in the G/L.Which special G/L type do you recommend?

A

Noted items

377
Q

What are the benefits of public cloud deployments of SAP S/4HANA?

A

IT cost savings
Always up to date

378
Q

When you create multiple similar asset master records, which of the following fields allow you to make separate entries for each individual asset?

A

Description of the asset
Inventory number
Cost center

379
Q

Besides using the profit center, which options does General Ledger Accounting with document splitting provide to assign a segment to the posting line?

A

BAdI implementation (FAGL_DERIVE_SEGMENT)
Standard account assignment using constants

380
Q

What kind of customization can users do on their launchpad?

A

Change the name of tile groups
Create their own tile groups.

381
Q

Flat-rate individual value adjustments are valid for which types of accounts?

A

Customer

382
Q

What is defined with the fiscal year variant?

A

Number of fiscal periods in a year
Start and end dates of the fiscal year

383
Q

Which SAP Fiori app type provides essential information about system master data and offers links for navigating between related objects?

A

Fact sheet

384
Q

You’ve agreed to terms of payment with a business partner that is a customer and a supplier. The same terms are to be used both ways (incoming and outgoing). You’ve defined a new terms of payment key, but when trying to update the supplier business partner role, you don’t find the payment term available to select. What must you do?

A

Maintain the account type in the terms of payment.

385
Q

You have been asked to set up house banks as part of the implementation. What information do you need?

A

Company code
General ledger account
Bank master data

386
Q

When creating a bank as a business partner, what roles are assigned to the business partner by default?

A

General
Financial Services
Bank

387
Q

When adding a bank to the bank directory, which field is required?

A

Country

388
Q

You have to run the foreign currency valuation for both US GAAP and IFRS, which leads to different values for the two different accounting principles. How can you set this up in the system?

A

Define two valuation areas and two accounting principles with relevant links to ledgers.

389
Q

Which ledger-specific configuration can you maintain at company code level?

A

Posting period variant
Financial statement version

390
Q

What is the recommended organizational unit for cost-of-sales accounting?

A

Functional area

391
Q

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

A

Creation of purchase order

392
Q

Which requirements do you need to fulfill to use data aging for Finance in the SAP S/4HANA system?

A

Switch on the data aging business function.

393
Q

Which items can you clear with the automatic clearing program?

A

Bank transaction items

394
Q

Which activities can you perform with a recurring journal entry?

A

Create monthly postings on any date of a month.
Obtain an overview of related future postings.

395
Q

Which of the following options are included in the Asset Explorer?

A

Drill down to Financial Accounting (FI) document.
Display depreciation calculation.
Drill down to reports.

396
Q

You can use Boolean logic to define different types of logical statements. Determine whether this statement is true or false.

A

TRUE

397
Q

For reporting purposes, your client would like to present information about customer postings that are NOT reflected in the G/L.Which special G/L type do you recommend?

A

Noted items

398
Q

What is the recommended field status setting for fields in the customer-vendor account groups in the Financial Accounting customizing?

A

Optional

399
Q

Which business partner characteristic is mapped to the customer and supplier account groups?

A

Business partner grouping

400
Q

Identify some of the checks for archiving G/L accounts (master data).

A

Has a deletion indicator been set?
Are there (still) transaction figures (for example, have they already been archived)?
Are there (still) documents?

401
Q

In the SAP S/4HANA application, the payment program and dunning program can access noted items for further processing. Determine whether this statement is true or false.

A

TRUE

402
Q

How can you define a matching method for intercompany reconciliation?

A

It can be either defined as master data or as configuration

403
Q

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

A

4

404
Q

What restriction apply when a new currency is introduced for productive company codes and ledgers?

A

Reconciliation for entities in asset accounting is NOT included.
Archived data CANNOT be enriched with the new currency.

405
Q

Which types of stock is best suited to a moving average price (MAP) valuation?

A

Raw materials

406
Q

How do you configure depreciation areas in SAP S/4HANA?

A

Assign a ledger group to each depreciation area.
Ensure depreciation areas always post to the general ledger.

407
Q

What is the relationship between accounts of the operating chart of accounts and the local chart of accounts?

A

One operating account to one local account

408
Q

How does the system determine the correspondence type of a payment notice?

A

According to the reason code, as long as all reason codes carry the same correspondence type

409
Q

Which statements best describe a profit center?

A

It is the only object from which segments can be uniformly derived.

410
Q

What are the two phases of AuC that are relevant to Asset Accounting?

A

Under-construction phase
Useful life phase

411
Q

Financial statement versions consist of a maximum of 10 hierarchy levels. Determine whether this statement is true or false.

A

FALSE

412
Q

You are configuring asset-related postings of depreciation areas in Asset Accounting for a company code that uses the ledger approach to parallel valuation. Which of the following settings would lead to an error?

A

Area posts depreciation only

413
Q

In which of the following segments of a customer or vendor master record can you enter the terms of payment?

A

Company code segment
Sales area segment
Purchasing organization segment

414
Q

What is defined in the bank account connectivity path settings?

A

House bank account ID details

415
Q

Which General Ledger account type do you select to perform activity cost allocations?

A

Secondary costs

416
Q

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 in 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?

A

97

417
Q

When items aren’t automatically assigned for intercompany reconciliation (ICR), how do you perform reconciliation?

A

Use an automated assignment rule.
Match items manually.

418
Q

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?

A

The balance is shown on the assets side.

419
Q

You need to perform mid-year legacy system migration for assets in a new company code. Which data must you migrate?

A

Closed year asset sale transactions
Current year asset acquisition transactions
Current year posted depreciation

420
Q

Which of the following statements best describes how customer down payments are integrated with Sales & Distribution (SD)?

A

A down payment request is created as an SD sales order, which is automatically posted in FI as a noted item.

421
Q

Identify the fields that cannot be changed while changing parked documents.

A

Currency
Document type or document number
Company code

422
Q

Your SAP S/4HANA system is integrated with controlling. You perform cost of sales accounting, and you report your profit and loss per profit center. When posting a supplier invoice to a primary cost account, which field is mandatory by standard procedures?

A

Cost Center

423
Q

Which of the following closing activities is a so-called technical closing step?

A

Perform valuations of open items in foreign currency

424
Q

What do you define for a tax code?

A

Tax percentage rates
Valid tax types

425
Q

You’d like to set up low value asset (LVA) management. What do you need to do?

A

Define two Separate asset classes to manager LVA using individual or collective management

426
Q

Which of the following are possible reasons that an invoice would not be paid?

A

The invoice has a debit balance.
An invalid house bank is selected.
The payment amount is less than the minimum amount specified for a payment

427
Q

How can you differentiate the document parking workflow process on the business partner level?

A

Assign different workflow release group

428
Q

How do you depreciation areas in SAP S/4HANA?

A

Ensure depreciation areas always post to the general ledger.
Assign a ledger group to each depreciation area.

429
Q

For which of the following can you park documents?

A

Customer accounts
General ledger accounts

430
Q

On which levels can you maintain useful life for documents of a company code in the context of data aging?

A

Document type
Account type

431
Q

Which of the following is a difference between data aging and data archiving?

A

Data archiving removes data from the database

432
Q

Which of the following account assignments can you configure the system to create complete balance sheet reports for?

A

Segment
Company code
Profit center

433
Q

In stock valuation, which of the following groups of stocks are valuated?

A

Raw materials, supplies, and consumables
Work in process
Finished goods

434
Q

Which program is used to enter accruals and deferrals regularly?

A

Recurring entry program

435
Q

What information is updated on the invoice when you post a complete payment?

A

Clearing document number
Clearing date

436
Q

When should fiscal year close for asset accounting be carried out?

A

When the previous fiscal year is closed

437
Q

You are asked to explain the assets under construction functionality in SAP S/4HANA. What should you highlight?

A

It is possible to post special tax depreciation and investment support for assets under construction.
It is possible to post credit memos, even after assets under construction are fully capitalized.

438
Q

You are creating an asset master record by copying another asset, and you notice that the inventory number is copied over. Which setting do you make to ensure the inventory number is NOT copied over when you create a new asset via copy?

A

Remove the reference indicator in screen layout maintenance.

439
Q

An online test run for depreciation is limited to how many assets?

A

1000

440
Q

What checks can you perform from the Audit Journal app?

A

Display journal entry changes
Check gaps in journal entry numbering
Check multireferenced invoices

441
Q

Delta postings can execute revaluation. Determine whether this statement is true or false.

A

TRUE

442
Q

You want to edit a dunning proposal. Which actions can you perform to edit a dunning proposal?

A

Lower the dunning level of an item.
Block an account.
Block a line item.

443
Q

To reduce the load on the system, what should you do with the older documents that exist in the database?

A

Archive and delete

444
Q

What setting must be identical between the company code and controlling area?

A

The fiscal year variant key

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