fico Flashcards
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?
Assign a payment block in the supplier business partner role details.
A customer payment was received. An open item does NOT exist for the payment. How can you post the payment?
Post payment on account
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?
1-Select the Record Account Assignment indicator.
2-Define the G/L account as an asset reconciliation account
A document has several line items, with different reason codes entered. For the automatic payment, which correspondence type does the system choose?
The one assigned to the tolerance group
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?
You can only post to the account in CAD.
A general ledger account is defined with the account type “Nonoperating Expense or Income”. Where can this account be used?
Profit and loss account that is used in profit center accounting
A maximum of how many special/valuation periods can be open at the same time?
4
A message can contain up to six fields. Determine whether this statement is true or false.
False
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?
Assign the corresponding SAP Fiori tile catalog to the user.
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?
The account link
After you collect data in the Intercompany Reconciliation tool, what are the next steps of the reconciliation process?
- Store the data
- Present reconciled and non-reconciled data
- Communicate differences.
- Post the correction documents.
An online test run for depreciation is limited to how many assets?
1000
At what level is the bank master data stored in SAP S/4HANA?
At client level
At which level do you assign the print program to the correspondence type?
At client level only
At which levels can validations and substitutions for financial accounting be defined?
Complete document
header
line item
At which point is the down payment request created in the integrated down payment process with purchasing?
Purchase order
Besides using the profit center, which options does General Ledger Accounting with document splitting provide to assign a segment to the posting line?
BAdI implementation (FAGL_DERIVE_SEGMENT)
Standard account assignment using constraints
Customers using classic General Ledger Accounting can use RFBILAOO to create a financial statement at which organization levels?
Company area level
business area level
Data in the SAP HANA database is stored in which two ways?
Row
column
Delta postings can execute revaluation. Determine whether this statement is true or false.
t
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?
Entry view: 5 General Ledger view: 9
Down payments received reduce the total of which of the following entities?
Receivables
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.
False
During which actions does the system assign the document number for Financial Accounting?
Post
park
Financial statement versions consist of a maximum of 10 hierarchy levels. Determine whether this statement is true or false.
False
Flat-rate individual value adjustments are valid for which types of accounts?
Customer
For general ledger account posting, which one of the following standard posting keys is for debit?
40
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?
Noted items
For which account can you perform account clearing in SAP S4HANA?
For any account that is managed on an open item basis
For which activities can you use an extension ledger?
Simulation of foreign currency valuation
Adjustments for consolidation purposes
For which kind of asset is the asset main text always prefilled?
Asset subnumbers
For which of the following can you park documents?
General ledger accounts
Customer accounts
For which of the following special G/L transactions does the SAP S/4HANA application not update the transaction figures?
Noted items
For which of the following tasks must you always indicate manual task completion?
Transactions
For which of the following transactions can you use noted items?
Down payment request
For which special G/L indicator do you specify a target special G/L indicator?
Vendor down payment request
For which type of account is the line item display generally active?
Reconciliation account
For which types of accrual postings is account determination necessary?
Periodic only
Opening Posting Only
From which dates can you derive the baseline date for payment terms in an incoming invoice?
Goods receipt date
Posting date
Document Date
How can you create an asset under construction?
Automatically, when settling capex costs from a WBS element
Automatically when creating an investment measure
How can you default a value for the cost center in the entire asset class for buildings?
By changing the assigned screen layout
How can you define a matching method for intercompany reconciliation?
It can be either defined as master data or as configuration
How can you differentiate the document parking workflow process on the business partner level?
Assign different workflow release group
How can you perform transfers of assets between company codes with different charts of depreciation?
Configure the cross-company depreciation areas in customizing.
How can you post accruals?
Execute the periodic accrual run.
Use the recurring entry program.
Post manually at the end of a period, quarter, or year.
How can you select to post accrual amounts when customizing the accrual engine?
Post delta amounts
Post full amounts
How can you set up multiple valuations for transfer pricing in your SAP S/4HANA system?
You can assign profit center, group, and legal valuations to the same ledger.
You can assign each valuation to a separate ledger.
How do you configure depreciation areas in SAP S/4HANA?
Assign a ledger group to each depreciation area.
Ensure depreciation areas always post to the general ledger.
How do you identify an asset as an asset under construction?
The asset belongs to a specific asset class.
How does an automatic intercompany asset transfer work?
It assumes that the transfer happens between two independent legal entities.
How does SAP S/4HANA reduce system complexity and improve system efficiency?
By removing application code that deals with aggregates and indexes
By providing views of data at runtime from the same source tables
How does SAP S/4HANA support the treatment of taxes?
It performs tax adjustments for cash discounts and other forms of deductions.
It checks the tax amount entered and automatically calculates the tax.
How does the SAP HANA architecture improve SAP S/4HANA system performance?
SAP HANA organizes data in line item tables and can aggregate data from these line item tables at runtime.
How does the system behave when an invoice is processed as a residual payment?
The original document and payment are cleared.
How does the system determine the correspondence type of a payment notice?
According to the reason code, as long as all reason codes carry the same correspondence type
How does the system perform the normal reversal of a journal entry?
It creates an inverse posting by increasing the transaction figures.
How many cash discount periods can be entered in the terms of payment?
3
How many custom currency types can you assign to a company code/ledger combination?
8
How many intervals are defined for the foreign currency valuation run ID per client?
1
How many posting period intervals in SAP S/4HANA are used for postings of Financial Accounting (FI) and Controlling (CO)?
2
How many separate period intervals are there to control open posting periods?
2
How should errors be handled during an SAP S/4HANA migration?
Critical errors must be resolved in the production system before Go Live.
All errors must be corrected during migration to complete it.
Identify some of the checks for archiving G/L accounts (master data).
Are there (still) documents?
Are there (still) transaction figures (for example, have they already been archived)?
Identify the application areas where validations and substitutions can be used.
AA – Asset Accounting
FI – Financial Accounting
Identify the callup points that have been provided for Financial Accounting (FI).
Document header
Document line
Complete Document
Identify the criteria that usually differentiate between document change rules.
Company code
Account type
Identify the fields that cannot be changed while changing parked documents.
Document type or document number
Company Code
Currency
Identify the reasons for archiving data.
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.
Identify the steps performed during the general ledger closing operations for the fiscal year.
Accruals are carried out.
The balance carry forward program is run.
Foreign currency documents are valuated.
Identify the three types of tolerances in accounting.
Customer/vendor tolerance groups
Employee tolerance groups
G/L account tolerance groups
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.
False
In a mid-year legacy system migration for assets, which data is essential to migrate?
Current year asset acquisition transactions
Current year posted depreciation
Closed year asset sale transactions
In a valuation method, which of the following is not a valuation approach for foreign currency valuation?
High rate of interest principle
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.
8
In an asset main number in Asset Accounting, which information can be different between international GAAP and local GAAP?
Deprecation start date
Net book value
In Asset Accounting, which object do you use to handle separate valuation for parallel accounting?
Depreciation area
In SAP S/4HANA, on which levels can you maintain open posting periods?
Controlling area
Posting period variant
In stock valuation, which of the following groups of stocks are valuated?
Work in process
Finished goods
Raw materials, supplies, and consumables
In the Data Entry view, which currency types are required when you define a custom currency type Z1 for your company code?
Company code currency
Finished goods
Document currency
In the integrated scenario for down payments, in what step of the process do you enter the down payment information?
Purchase order creation
In the payment method settings for the company code, what options do you have for payment optimization?
Optimization by postal code
Optimization by bank group
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.
t
In the trial balance report that is based on line items, how many fields can you select to report on?
More than 100
In which application areas can you use validation?
Cost Accounting
Asset Accounting
In which items of a financial statement version can you find values related to accounts for sales deductions and material expenses?
Sales deductions in loss item
Material expenses in loss item
In which object do you define which SAP Fiori apps a user can use?
Fiori tile catalog
In which of the following segments of a customer or vendor master record can you enter the terms of payment?
Purchasing organization segment
Sales area segment
Company code segment
In which step of the SAP Financial Closing Cockpit configuration do you define parameters settings for variables of program variants?
Task list creation
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?
2
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?
Set the deletion flag in the company code data of the G/L account.
There are no transaction figures for the account.
Set the deletion flag in the chart of accounts data of the G/L account.
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?
Paying company codes
Bank determination
n which levels can you maintain field status controls for business partners (BP)?
BP role
Client
BP type
On what basis does the system determine the period for the asset retirement?
Asset value date (asset retirement date)
On what level can you assign a fiscal year variant in SAP S/4HANA?
Client
On what level do you assign dunning areas?
Company code
On which database is SAP S/4HANA built to run?
Only on SAP HANA
On which level are asset classes created?
Client
On which level do you maintain the bank directory?
Client
On which level is the document parking workflow variant assigned?
Company code
On which levels can you activate document splitting?
Client level
Company code level
On which levels can you maintain field status controls for business partners (BP)?
BP role
BP type
Client
On which levels can you maintain useful life for documents of a company code in the context of data aging?
Document type
Number range interval
On which levels do you maintain data for an integrated customer account?
General data at the client level
On which organization unit level do you define a chart of depreciation?
client
Company code
Sales Area
SAP HANA makes extensive use of which high-speed hardware technology to offer more speed?
Multicore CPUs
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?
SAP Fieldglass
SAP Success Factors
The cross-company code depreciation area is required in which of the following intercompany transfers?
For transfers with nonmatching depreciation areas
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.
t
The dunning run is made up of three main steps that happen in a particular sequence. What is the correct sequence of steps?
Account selection
Item selection
Dun line items
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?
Create new tax codes with the 18% percentage for input and output tax.
The managerial closing activities include locking the old accounting period. Determine whether this statement is true or false.
t
The SAP Business Workflow ________ process dimensions.
Three
The SAP HANA database relies on which of the following technologies for storing data?
Compression
Columnar store
In-memory
The usage of which of the following depreciation types can be activated per depreciation area?
Unplanned depreciation
Special depreciation
Ordinary depreciation
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?
3
There are four dunning program steps that can be performed during the automatic dunning procedure as follows: Arrange these steps into the correct sequence.
Maintain the parameters.
Change the dunning proposal.
Schedule the dunning run.
To reduce the load on the system, what should you do with the older documents that exist in the database?
Archive and delete
To use the SAP Financial Closing cockpit, which steps are required?
Release the task list
Create a template.
Define tasks dependencies
To which object do you assign valuation methods?
Valuation area
True or False: Anyone with an appropriate user name and password can log on to the SAP Fiori launchpad through a web browser.
t
True or False: Choosing between SAP S/4HANA and SAP S/4HANA Cloud is also a matter of required scope.
t
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.
t
True or False: SAP S/4HANA replaces SAP ERP, and development and support are shifted completely to it.
False
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.
t
Two assets (belonging to the same company code) post depreciation to different general ledger accounts. What does this mean for the assets?
The assets are assigned to separate account determinations.
The assets belong to different asset classes.
What account types can you use to classify general ledger accounts in SAP S/4HANA?
Secondary costs
Balance Sheet
Different asset classes
What actions can a processor take on a general journal entry that has been submitted for verification in an accounting system?
Approve
Submit
Reject
What archiving step must precede archiving a supplier invoice posted directly to FI?
Archive FI transaction figures
What are key configuration objects in the SAP dunning program?
Minimum amounts
Dunning levels
Expenses or charges
What are key reasons for preferring a new implementation of SAP S/4HANA rather than a system conversion from SAP ERP?
You want to deploy SAP S/4HANA Cloud
You want to clean up your system and use SAP Best Practices.
What are prerequisites for the 3-way match to work in procurement transactions?
Goods receipt posted in reference to the purchase order
Invoice receipt posted in reference to the purchase order
What are some features of SAP HANA?
SAP HANA allows transactional and analytical processing off the same tables.
SAP HANA is optimized to organize data using column stores.
What are some of the benefits of SAP S/4HANA?
The data is aggregated on the fly from any line item table
The data is available in real time at line item detail.
What are some of the personalization options available to users in their SAP Fiori launchpad environment?
Users can remove applications that they do NOT use.
Users can add applications from the catalog assigned to them.
What are the basic definitions you make for validations?
Message
Check
Prerequisite
What are the benefits of public cloud deployments of SAP S/4HANA?
IT cost savings
Always up to date
What are the characteristics of a company in SAP S/4HANA?
It is considered for consolidation.
It can be assigned to a company code.
What are the differences between holding and parking documents?
The held document doesn’t have a document number assigned.
The parked document can trigger workflow processes.
What are the essential configuration items needed to post a simple general ledger document using the SAP Fiori app?
Number range and document types must be maintained.
Posting period variant must be created and assigned.
What are the essential steps in configuring the payment program?
Configure the payment methods for each company code
Configure the house banks
Configure the paying company codes
What are the features of the Accrual Engine in SAP S/4HANA?
All currencies of general ledger are supported.
The fiscal year variant of the general ledger is supported.
What are the key components of the Intelligent Enterprise by SAP?
Intelligent technologies
Digital platform
What are the key settings to configure for document splitting in SAP S/4HANA?
Business transaction variant
Document type
What are the main elements to define when configuring tax calculation procedures?
Sequence of steps
Account or transaction key
Condition Type
What are the maintenance levels of a screen layout rule for asset classes?
Asset class, main asset number, subnumber
What are the necessary configurations in SAP S/4HANA for migrating account values for a customer transitioning from classic general ledger?
Ledger groups
Accounting principles
Valuation areas
What are the necessary steps to create a substitution in Financial Accounting?
Select the correct call-up point.
Activate the substitution rule
Define the substitution rule with its different steps using the formula editor.
What are the parameters to define different technical clearing accounts for integrated acquisition in new asset accounting?
Account determination
Chart of accounts
What are the pillars of the SAP Fiori user experience paradigm?
Role-based
Simple
Responsive
What are the reasons to perform regrouping of receivables and payables?
To group payables and receivables based on the due dates
To align amounts on accounts with changed reconciliation accounts
To display receivables and payables separately
What are the reporting tools available within SAP S/4HANA embedded analytics?
Query Browser
KPI modeling apps
What are the requirements to enable data aging for Finance in SAP S/4HANA?
Activate aging on SAP HANA.
Add required authorizations for data aging to your role.
Switch on the data aging business function.
What are the steps in the Customizing of data archiving?
Perform cross-object Customizing.
Define archiving storage locations.
Perform object-specific Customizing.
What are the three basic steps required to define a new company code?
Adjust global parameters
Adjust basic and address data
Copy existing company code
What are the two phases of AuC that are relevant to Asset Accounting?
Useful life phase
Under-construction phase
What are the typical steps performed during the execution of the payment run with the automatic payment program?
Review the payment proposal exception list.
Maintain open item selection parameters.
What can you achieve by using the head office/branch scenario?
Invoices posted to the branch become open items for the head office.
What can you assign in a depreciation area in SAP S/4HANA Finance asset accounting?
An accounting principle
What can you change for items that are in the exceptions list of the payment proposal?
Bank selection
Payment block
Payment method
What can you control with the reason code in Accounts Receivable?
The exclusion of disputed residual items from credit limit checks
The type of payment notice sent to a customer
The account where a residual item is posted
What can you control with the tolerance group?
Maximum permitted payment differences
Maximum amount per open item
Maximum amount per document
What can you do with asset accounting in SAP S/4HANA Finance?
Post revenue for retirements by acquisition and production cost.
Simultaneously post separate values by depreciation area.
Assign separate settlement rules for depreciation areas.
What can you enter in the header section of the Post Outgoing Payments app?
Value date
Bank fees
Customer
What can you manually select to copy when you copy a company code?
Controlling area assignment
Company code currency
General ledger account data
What checks can you perform from the Audit Journal app?
Check gaps in journal entry numbering
Display journal entry changes
Check multireference invoices
What checks does the year-end closing program (RAJABSOO) perform?
Depreciation and asset balances are posted in full.
Assets are complete and error-free.
What checks does the year-end closing program perform for Asset Accounting in SAP S/4HANA?
Depreciation is posted in full.
Assets are complete and error free.
What components are defined by the depreciation key in SAP Asset Accounting?
Base method
Period control method
Multilevel method
What components are shared between all deployment options for SAP S/4HANA (Cloud, On-Premise)?
User experience
Data model
Code line
What conditions can trigger the general journal entry verification workflow in SAP S/4HANA?
Account group
Cost center
Source company code
What conditions must be met to post journal entries in a special period?
The special period must be open for posting in the period control.
You must enter a posting date in the last posting period.
What correctly describes a chart of depreciation in SAP S/4HANA?
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.
What currency types should be included in the Data Entry view when defining a custom currency type for your company code?
Document currency
Company code currency
What data do you maintain in the chart of accounts sections of a General Ledger account?
Consolidation data
What data is migrated during a system conversion?
All company codes with all data of all years.
What do you configure to allow cross-company-code transactions?
Clearing accounts
Posting keys
What do you define for a tax code?
Tax percentage rates
Tax relevant accounts
What do you define in Customizing for the payment program?
Forms for the payment media
Allowed currencies
Bank determination
What do you define in payment terms?
Cash discount
Due date specification
What do you define when configuring asset classes?
Number ranges
Account determination
Screen layout rules
What do you define when you create a new document type?
Number range for the document type
Account types allowed for posting
What do you need to do to configure a new exchange rate type in SAP S/4HANA?
Specify a purpose for the exchange rate type.
Set up the relationship between currencies using translation ratios.
What does assigning a screen variant during document entry do?
It changes the fields that are ready for entry in the line items.
What does the document splitting do?
It enriches all relevant balance sheet account lines with the defined splitting characteristics.
What does the document splitting function do?
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
What does the document type control?
Which account types are allowed for postings
Whether negative postings are permitted
What does the posting key define?
Account type
Debit or credit line
What does the year-end closing program in Asset Accounting do?
It blocks all postings to Asset Accounting for the closed fiscal years.
It checks whether the depreciation is posted completely for the fiscal year.
What dunning-related data do you maintain on the business partner master record?
Dunning key
Dunning block
Dunning area
What fields do you have to enter to make a document reversal?
Reversal Reason
Posting Date
What functionalities are available in the SAP Asset Explorer?
Drill down to reports.
Drill down to Financial Accounting (FI) document.
Display depreciation calculation.
What happens to the transaction figures when you post a normal reversal posting?
They are increased.
What information is provided when you execute the balance audit trail?
The starting balance and the yearly changes to the balance of a general ledger account
What information is updated on the invoice when you post a complete payment?
Clearing date
Clearing document number
What is a functional reason to implement the document parking workflow for journal entry verification?
Allows for pre-verification of entries before final posting
providing an additional review layer.
What is a reason for performing data archiving?
To control hardware requirements
What is controlled by the terms of payment?
Default payment method
Determination of the baseline date
Allowed account type
What is defined in the bank account connectivity path settings?
House bank account ID details
What is defined with the fiscal year variant?
Number of fiscal periods in a year
Start and end dates of the fiscal year
What is required to enable the payment approval process in cash operations?
Define signature methods for approvals
Create a rule for approvals
Define a grouping method for the rule you defined.
What is the correct order of steps when configuring the payment programs?
All company codes, paying company codes, payment methods in country, payment methods in company code, bank determination
What is the correct order of steps when you use the SAP I financial Closing Cockpit?
- Create template
- Create tasks
- Define dependencies
- Create task list
- Release task list
What is the difference between the ledger approach and the accounts approach to parallel valuation in Asset Accounting?
In the accounts approach, you assign a completely separate set of accounts for each accounting principle, unlike the ledger approach.
What is the first step in the reconciliation process?
Collect data from different companies
What is the format of a company code key?
Four-digit alphanumeric
What is the main motivation for creating rules for substitutions and validations?
Reuse in multiple steps
What is the maximum dunning level that can be assigned to a dunning procedure?
9
What is the maximum number of steps possible in validation?
999
What is the name of the leading ledger that SAP provides with the standard system?
0L
What is the order of configuration within the SAP Financial Closing cockpit?
Create template, create tasks, define dependencies, create task list, release task list
What is the purpose of period interval 3 when you define open and closed periods?
It is used for posting from CO to FI.
What is the purpose of the chart of depreciation?
The chart of depreciation facilitates country-specific legal valuation of fixed assets.
What is the purpose of the group account number in General Ledger account master data maintenance?
it is used for cross-company-code reporting if the company codes use different charts of account.
What is the purpose of the reorganization of segments?
Enables segment reassignments.
Enables merge of segments
What is the recommended field status setting for fields in the customer-vendor account groups in the Financial Accounting customizing?
Optional
What is the recommended organizational unit for cost-of-sales accounting?
Functional area
What is the relationship between accounts of the operating chart of accounts and the local chart of accounts?
One operating account to one local account
What is the secondary cost general ledger account type used for?
To post internal cost allocations in management accounting
What is true for assigning charts of depreciation to company codes?
Each company code can be assigned to a different chart of depreciation.
What is true for real depreciation areas?
You can post transactions to them independently.
What items are NOT cleared by the automatic clearing program?
Statistical postings
Items with withholding tax
What kind of automated checks are available for the financial statement version?
Check for accounts assigned to one side only
Noted items
What kind of customization can users do on their launchpad?
Create their own tile groups.
Check for incorrectly assigned accounts
What must be defined in Customizing for foreign currency valuation in the ledger solution?
Accounting principles
Change the name of tile groups
What must you do to create new validations and substitutions?
Define the area of application
Account determinations
Valuation areas
Select the relevant call-up point
What must you do when you set up depreciation areas?
Assign an accounting principle for each depreciation area.
What object determines the number range for business partner master data?
Business partner grouping
What personalization options are available in SAP Fiori for a group cash manager focusing on the North American market?
You can create an app to take you directly to the cash position of the North American business market.
You can create access to relevant apps for the North American accounts payable group that reports to you.
What prerequisites must be met to use negative postings in journal entries?
The company code must permit negative postings.
The reversal reason must allow negative postings.
What restriction apply when a new currency is introduced for productive company codes and ledgers?
Archived data CANNOT be enriched with the new currency.
Reconciliation for entities in asset accounting is NOT included.
What setting must be identical between the company code and controlling area?
The fiscal year variant key
What settings can you define specifically for an asset class?
Asset under construction category
Account determination key
Maximum amount for low-value assets
What sort of special general ledger types exist?
Noted items
Free offsetting entries
Automatic offsetting entries (statistical)
What source currency types can you assign when you set currency type 40 to your company code in ledger 0L?
Company Code currency
Group currency
What technology did SAP leverage to eliminate aggregate tables from the SAP S/4HANA system while maintaining compatibility with many legacy programs?
Compatibility views
Country chart of accounts
What type of architecture does SAP Business Workflow use?
Three-tier
What types of chart of accounts are there?
Group chart of accounts
Country chart of accounts
Operational chart of accounts
What types of data are maintained for a house bank?
Data medium exchange (DME) details
General Ledger account
What types of objects are maintained separately per client?
Organizational units
Master data
Transactional data
What types of tasks are available in the Financial Closing Cockpit application?
Flow definition
Online transactions
Remote tasks
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?
Post to profit from exchange rate differences.
When adding a bank to the bank directory, which field is required?
Country
When assigning dunning charges to a dunning procedure, what options do you have?
To assign a dunning charge percentage without assigning a fixed amount.
To assign a fixed amount without assigning a dunning charge percentage.
When can you set the open item management indicator in a general ledger account?
When an account has a zero balance
When an account is required for clearing
When creating a bank as a business partner, what roles are assigned to the business partner by default?
General
Bank
Financial Services
When creating a general ledger account and there are conflicting field statuses, which field status has the highest priority?
Suppress
When creating a new G/L account in SAP S/4HANA, which account types can you assign?
Secondary Costs
Primary Costs or Revenue
When is it possible to set the open item management indicator in a general ledger account?
When an account is set up as a balance sheet account
When an account has a zero balance
When items aren’t automatically assigned for intercompany reconciliation (ICR), how do you perform reconciliation?
Use an automated assignment rule.
Match items manually.
When making a partial sale, how can you choose to calculate the amount of value reduction for the asset?
By retirement amount
By quantity
By percentage
When procurement transactions are posted, which of the following steps is exclusively carried out in Materials Management?
Creation of purchase order
When setting up the system, you want to maintain default values for users of a company code. Which application do you use?
User Maintenance
When should fiscal year close for asset accounting be carried out?
When the previous fiscal year is closed
When you copy an asset, the asset text is copied as well. How can you avoid this?
By changing the assigned screen layout
When you create multiple similar asset master records, which of the following fields allow you to make separate entries for each individual asset?
Description of the asset
Cost center
Inventory number
When you post a manual incoming payment, which parameters are valid for all payment documents?
Journal entry type
Bank account
When you post a payment for an invoice, how does the system derive the splitting characteristics?
Passive document splitting
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?
The system produces an error message; for you to post, you must split the asset or post to another asset class.
Where do you indicate that the useful life of the asset sub-number is identical to the useful life of the main asset?
In the screen layout of the depredation area
Where is the billing document created?
Sales and Distribution
Which activities are supported by the regrouping program of receivables and payables?
Regrouping open items based on changed reconciliation accounts
Grouping receivables and payables by their remaining life
Which activities can you perform with a recurring journal entry?
Create monthly postings on any date of a month.
Obtain an overview of related future postings.
Which attributes should you consider when defining asset number ranges?
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.
Which business partner categories are available to manage relationships?
Organization
Person
Which business partner categories does the system support?
Organization
Person
Group
Which business partner characteristic is mapped to the customer and supplier account groups?
Business partner grouping
Which business partner objects can you define field statuses for?
Type
Role
Which business scenarios can be handled with accrual and deferral postings?
One-time payment for one-year cloud storage service
Which closing activities are used in external reporting as per SAP best practices?
Perform valuations of open items in foreign currency.
Reclassify receivables and payables.
Which component of the framework for the intelligent enterprise includes SAP Leonardo?
Intelligent technologies
Which conditions must be satisfied to enable negative postings for journal entries?
The company code must allow negative postings.
The reversal reason must be configured to allow negative postings.
Which configuration can you use to define separate payment terms for the same terms of payment key?
Day limit
Which currency valuation program is replaced by FAGL_FCV?
FAGL_FC_VALUATION
Which data can you edit in the payment proposal?
Payment block
Payee
House bank
Invoice amount
Cash discount
Which data do you define on the bank master record?
Corresponding business area
Payment and dunning information
A unique bank country
Address data and control data
Which data model is used for SAP S/4HANA?
Online transactional processing (OLTP) and online analytical processing (OLAP) both running on a single system.
Which data sections are part of every asset class?
Master data section
Depreciation data section
Which date defines the period a document can be posted to?
Posting date
Which date is used to determine the depreciation start date?
Asset value date
Which dates can you use for tax calculation?
Document date
Posting date
Which deployment option do you recommend to customers who want to always be on the latest release of SAP S/4HANA?
SAP S/4HANA Cloud
Which deployment options exist for SAP S4HANA?
Hybrid deployment
Cloud deployment
On-premise deployment
Which document splitting setting for the segment characteristic will ensure that no document line will be posted without a segment?
Mandatory field
Which edition of SAP S/4HANA introduced the universal journal?
SAP S/4HANA Finance 1503
Which elements define the integration of asset acquisitions to the general ledger?
Asset class
Depreciation area
Which entries do you define when maintaining a G/L account?
Account Type
Account group
Field status group
Which field can you change on a posted invoice?
Payment terms
Which field cannot be changed during document posting for the one-time customer?
Customer Number
Which field in the business partner master can you configure so that the document reference is transferred to the line item?
Sort Key
Which field status has the lowest priority (G/L accounts)?
Optional entry
Which fields can you edit before posting a parked document?
Account
Posting date
Amount
Which fields in the company code definition of a general ledger account are always required?
Account Currency
Field Status Group
Which fields of a financial accounting document influence the automatic payment program?
Payment block
Payment term
Payment method
Which functions allow you to temporarily save the entered data?
Parking function
Hold function
Which General Ledger account type do you select to perform activity cost allocations?
Secondary costs
Which information is checked by the system before a general ledger account k archived?
The Mark for Deletion indicator is set in master data
Which information is part of the Bank Master Data?
Information for electronic payment transactions
Address details
Which is the first step in the procedure of making down payments in the customer area?
Down payment request
Which is the most flexible SAP S/4HANA Cloud solution for customers?
Private option
Which items can you clear with the automatic clearing program?
Bank transaction items
Which KPIs can you find on the accounts payables overview page?
Aging analysis
Cash discount utilization
Which ledger-specific configuration can you maintain at company code level?
Posting period variant
Fiscal year variant
Which logistic processes in materials management (MM) are typically involved in asset acquisition?
Purchase requisition
Purchase order
Goods receipt
Which object hierarchies can you maintain with the Manage Global Accounting Hierarchy app?
Profit center
Cost center
Functional area
Which objects can be posted to by more than one company code?
Business area
Profit Center
Segment
Which objects can define the maximum length of a general ledger account?
Chart of accounts
Account group
Which of the following account assignments can you configure the system to create complete balance sheet reports for?
Profit center
Segment
Company code
Which of the following activities does the system perform during the payment run?
The system supplies the print programs with necessary data.
The system makes postings to the G/L and AP/AR subledgers.
The system clears open items.
Which of the following are default items assigned to every financial statement version?
Assets
Profit and loss results
Liabilities and equity
Which of the following are possible reasons that an invoice would not be paid?
The payment amount is less than the minimum amount specified for a payment.
An invalid house bank is selected.
The invoice has a debit balance.
Which of the following are posted in the program FAA_DEPRECIATION_POST?
Ordinary depreciation such as book depreciation or imputed depreciation
Unplanned depreciation or other manually planned depreciation
Imputed interest
Which of the following are SAP Fiori design principles?
Role-based
Responsive
Which of the following are standard correspondence types?
Account statement
Payment notice
Open items list
Which of the following are the characteristics included in general ledger drilldown reports?
Company code
Business area
Segment
Which of the following are the different history sheet groups that each version of asset history sheets can contain?
Reposting
Book values at the end of the fiscal year
Acquisitions
Which of the following are the month-end closing activities for external purposes?
Perform foreign currency valuations
Close the old period
Create external and internal reports
Which of the following are the steps of Intercompany reconciliation?
Document selection and data storage
Automatic assignment of documents
Manual reconciliation and communication
Which of the following are types of user fields in SAP S/4HANA?
Evaluation Group
Asset Super Number
Which of the following are valid settlement receivers when you perform settlement for an asset under construction on a line item basis?
Fixed asset
Cost center
Which of the following assignments can be adjusted for the company code?
Chart of accounts
Company
Fiscal year variant
Which of the following can you use for multiple programs with variants that are to be processed automatically?
Flow definition
Which of the following closing activities is a so-called technical closing step?
Close the previous period in Materials Management (MM)
Which of the following components make up an archiving object?
Customizing settings
Programs
Data declaration part
Which of the following control data is carried by asset classes?
Account determination
Number range interval
Screen layout
Which of the following currency types can you set in customizing activity “define setting for ledgers and currency type”?
Local currency
Group currency
Which of the following fields can be changed in the document header?
Document header text
Reference number
Which of the following fields can be configured as changeable in a document header?
Document Date
Posting Date
Document Reference
Which of the following functions include the important functions of the SAP List Viewer tool?
Calculating totals and subtotals
Deleting and inserting columns
Setting filters
Which of the following has to be created and assigned to an organizational structure before the Financial Closing Cockpit can be used?
Task list template
Which of the following information is entered in the chart of accounts segment of a G/L account?
Control fields
Account number
Consolidation fields
Which of the following is a difference between data aging and data archiving?
Data archiving removes data from the database.
Which of the following is a technical year-end closing activity in SAP S/4HANA?
Ledger balances must be carried forward.
Which of the following is an example of an automatic offsetting entry?
Posting of a guarantee of payment
Which of the following is the first step in the variant principle?
Define variant
Which of the following lists support the dunning clerk’s work?
The dunning history list
The dunning list
The blocked accounts list
Which of the following methods can be used to transfer Asset Accounting (FI-AA) legacy data?
Use AS91 for manual input of manageable quantities of asset master records.
Use batch input or legacy data transfer workbench for medium to large quantities of data.
Use BAPI or IDoc interfaces for large quantities of legacy data.
Which of the following options can you use to change the G/L account master data using collective processing?
Change company code data
Change account descriptions
Change chart of accounts data
Which of the following organizational units are part of the enterprise structure of financial accounting?
Segment
Business area
Functional area
Which of the following original Management Accounting objects can you assign in the asset master record?
Activity type
Order
Cost center
Which of the following parameters are controlled by the screen layout?
Maintenance level
Field selection
Reference
Which of the following parameters can be changed on a time-dependent basis?
Variable depreciation portion
Depreciation key
Useful life (year or period)
Which of the following parameters can you define within a dunning procedure?
Line item grace period
Number of dunning levels
Which of the following product lines does the SAP S/4HANA system rely on for most human resource management functions?
SAP SuccessFactors
Which of the following retirement types is referred to as scrapping?
Partial retirement without revenue and without customer
Which of the following segments contains the general data of a customer or vendor that can be accessed throughout the organization?
Client level
Which of the following special G/L transactions are noted items?
Down payment request
Bill of exchange payment request
Which of the following standard correspondence types can you use to exchange information with customers and suppliers?
Invoices
Dunning letters
Which of the following standard currency types can you set in the customizing activity “define settings for ledgers and currency types”?
Group Currency
Local Currency
Which of the following statements are correct regarding workflow management in SAP S/4HANA?
The same workflow variant can be assigned to several company codes.
It is possible to design multilevel workflow sequences.
Which of the following statements are valid for financial document number ranges?
The same financial document number range can be assigned to several document types.
All financial document number ranges can contain numbers and/or letters.
Which of the following statements best describe how core data services (CDS) are developed?
They are developed in the ABAP layer of the SAP S/4HANA system by the IT user.
Which of the following statements best describes how customer down payments are integrated with Sales & Distribution (SD)?
A down payment request is created as an SD sales order, which is automatically posted in FI as a noted item.
Which of the following statements correctly describe a noted item?
It can be accessed by the payment program.
It can be used to remind the user about due payments.
Which of the following statements is correct for external number assignment (manual posting)?
The number is entered by the user.
Which of the following tolerance groups should every company code always have?
Blank
Which parameter indicates that a line item can only be dunned with restrictions?
Dunning key
Which parameters can you specify when creating a new correspondence type?
Number of date fields required
Document number required
Which prerequisite must be met by the technical clearing account for integrated asset acquisition?
The account is a reconciliation balance sheet account for fixed assets.
Which process is automated with purchase order accruals, compared to manual accruals with the accrual engine?
Create accrual object
Which program is used to enter accruals and deferrals regularly?
Recurring entry program
Which reports are used to generate correspondence for verifying balances with customers and vendors?
SAPF130D
SAPF130K
Which SAP Fiori app type provides essential information about system master data and offers links for navigating between related objects?
Fact sheet
Which SAP technological product provides the platform required for SAP to support the digital transformation of an organization?
SAP HANA
Which sequence of steps allows a three-way match in procurement transactions?
Purchase order, invoice receipt, goods receipt
Which stage of the sales process creates documents for both Materials Management and Financial Accounting?
Shipping - goods issue
Which standard currency types are essential when configuring currency settings for company codes?
Company code currency
Group currency
Which statement best describes the normal reversals functionality?
Executes an inverse posting by increasing the transaction figures.
Which statements best describe a profit center?
It is an element for which separate balance sheet and P&L statements can be created.
It is the only object from which segments can be uniformly derived.
Which statements best describe extension ledgers in SAP S/4HANA?
Extension ledgers can be assigned their own posting period variant.
Multiple extension ledgers can point to the same underlying ledger.
Which system components are directly integrated with asset accounting?
Purchasing
Plant maintenance
Investment management
Which tasks are essential in the execution of dunning?
Schedule the dunning run.
Maintain the dunning parameters.
Which transactions directly lead to asset capitalization in SAP S/4HANA?
Valuated goods receipt
Assets under construction settlement
Which types of stock is best suited to a moving average price (MAP) valuation?
Raw materials
Why might you define options to have manually allocated item keys for the financial statement version?
To be able to enter an explanatory text for the item key
With the automatic clearing program, a user can clear open items for which of the following items?
Subledger accounts
General ledger
Within the line items of FI documents, what does the posting key control?
Whether the item is posted as a debit or credit
The field status of additional details
The account type to which the line item can be posted
You are asked to explain the assets under construction functionality in SAP S/4HANA. What should you highlight?
It is possible to post credit memos, even after assets under construction are fully capitalized.
It is possible to post special tax depreciation and investment support for assets under construction.
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?
Area posts depreciation only
You are configuring depreciation areas in Asset Accounting. Which of the following settings is NOT permitted?
Area posts revaluation only
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?
Remove the reference indicator in screen layout maintenance.
You are posting an incoming payment against an invoice. Which document values does the user tolerance group control?
The cash discount amount (absolute value) allowed for a line item
The total amount (sum of all line items) allowed to be posted
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?
Copy the chart of depreciation and maintain depreciation areas.
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?
Company code
You can compare text patterns in your statements using the keyword LIKE. Determine whether this statement is true or false.
t
You can use Boolean logic to define different types of logical statements. Determine whether this statement is true or false.
t
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?
4
You execute a report based on the location and are missing an asset. What might have happened?
The equipment assigned to the asset was moved.
The asset was sold to a customer.
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?
The balance of the new account is added to the non-assigned section and is excluded from the calculation.
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?
The balance is shown on the assets side.
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?
Post the invoice to the assets under construction and manage settlement per depreciation area.
You have been asked to set up house banks as part of the implementation. What information do you need?
General ledger account
Bank master data
Company code
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?
Extension ledger
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?
Define two valuation areas and two accounting principles with relevant links to ledgers.
You indicate that you’re posting to the ledger group of an extension ledger. How many ledgers are updated?
Only the extension ledger
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?
You have to use external number assignment.
You need to enter a percentage rate in the terms of payment to calculate _____
Cash discount
You need to make the line item text field mandatory during document entry. Which objects should you analyze to fulfill this request?
G/L account
Posting key
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?
You must use external number assignment.
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?
Adjustment G/L account for foreign currency
You post a purchase order. For which expenses does the system calculate accruals?
Insurance premiums
Consulting services
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?
Area Posts in Real Time
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?
97
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?
Factsheet
You want to create a substitution in Financial Accounting. Which parts do you have to define for each step of the substitution?
Replacement
Prerequisite
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?
Document line
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?
SAP Cloud Platform
You want to edit a dunning proposal. Which actions can you perform to edit a dunning proposal?
Lower the dunning level of an item.
Block a line item.
Block an account.
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?
Your own application tile
You want to specify the financial statement version for asset reports in Customizing. Where do you need to assign the financial statement version?
To each company code
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?
Maintain the account type in the terms of payment.
You’d like to set up low value asset (LVA) management. What do you need to do?
Define two Separate asset classes to manager LVA using individual or collective management
Your company code is assigned to a leading ledger, two additional normal ledgers, and one extension ledger. How many carryforwards must be executed?
4
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)?
3
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 updated in the Universal Journal (table ACDOCA)?
6
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?
Profit and loss statements can be analyzed by sales-specific characteristics.
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?
1
Your customer- performs pre-closing activities on the last day of the month. Which activities are typically executed during pre-closing?
Process bad debt expenses for accounts receivable.
Post recurring entries for the general ledger.
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?
An authorization group to period intervals 1 and 2
Your customer uses the ledger approach to multiple valuation. During conversion to SAP S/4HANA, which configurations will be required?
Convert accounts of parallel valuations to asset reconciliation accounts.
Assign accounting principles to all real and derived depreciation areas.
Your customer wants the document numbers for two separate document types to share the same number range. How can you achieve this?
Enter the same document number range in the customizing definition of both document types.
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?
Account determination key
Asset class
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?
Implementation of document splitting
Implementation of additional ledgers for parallel accounting
Your customer wants to start using SAP S/4HANA line-of-business solutions. Which of these solutions help you run human resource management processes?
SAP Success Factors
SAP Fieldglass
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?
Document type
Company code
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?
Cost Center
You’re configuring a new SAP S/4HANA system. What are your options for defining the number range assignments for business partners?
The business partner drives the number range used.
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?
Create a new business partner using the correct category
You’ve negotiated payment terms that include three installment payments with your customer. How many terms of payment must you define?
4
