FICO Certification Flashcards
What is the recommended field status setting for fields in the customer-vendor account groups in the Financial Accounting customizing?
Please choose the correct answer.
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Response:
Required
Display
Hide
> Optional
Which of the following retirement types is referred to as scrapping?
Please choose the correct answer.
_________
Partial retirement without revenue and without customer
Complete retirement with revenue but without customer
Unplanned depreciation of remaining value
Complete integrated asset retirement
> Partial retirement without revenue and without customer
Complete retirement with revenue but without customer
Unplanned depreciation of remaining value
Complete integrated asset retirement
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.
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True
False
> True
False
What kind of automated checks are available for the financial statement version?
There are 2 correct answers to this question.
____________
Check for incorrectly assigned accounts
Check for accounts assigned to one side only
Check for duplicate item keys
Check the financial statement notes for non-noted item accounts
> Check for incorrectly assigned accounts
> Check for accounts assigned to one side only
Check for duplicate item keys
Check the financial statement notes for non-noted item accounts
What dunning-related data do you maintain on the business partner master record?
There are 3 correct answers to this question.
____
Dunning procedure
Dunning block
Dunning area
Dunning interval
Dunning key
-> Dunning procedure
-> Dunning block
-> Dunning area
Dunning interval
Dunning key
Which values can be posted to a specific ledger?
There are 3 correct answers to this question.
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Currency valuation
Taxes
Depreciation
Accruals
Payments
Currency valuation
Taxes
-> Depreciation
-> Accruals
-> Payments
What can you control with the reason code in Accounts Receivable?
There are 3 correct answers to this question.
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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
The special G/L indicator for the down payment
The document type of the payment
-> 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
The special G/L indicator for the down payment
The document type of the payment
Which of the options are types of user fields?
There are 2 correct answers to this question.
____________
Asset Super Number
Evaluation Group
Group Asset
Serial Number
-> Asset Super Number
-> Evaluation Group
Group Asset
Serial Number
What can you do with asset accounting in SAP S/4HANA Finance?
There are 3 correct answers to this question.
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Define transaction types by depreciation area
Assign separate settlement rules for depreciation areas.
Simultaneously post separate values by depreciation area.
Post revenue for retirements by acquisition and production cost.
Complete periodic acquisition and production cost adjustments postings.
Define transaction types by depreciation area
-> Assign separate settlement rules for depreciation areas.
-> Simultaneously post separate values by depreciation area.
-> Post revenue for retirements by acquisition and production cost.
Complete periodic acquisition and production cost adjustments postings.
When should fiscal year close for asset accounting be carried out?
Please choose the correct answer.
__________
When the last nonspecial period of the previous year is closed
When the previous fiscal year is closed
Directly before balance carryforward
Directly after balance carryforward
When the last nonspecial period of the previous year is closed
-> When the previous fiscal year is closed
Directly before balance carryforward
Directly after balance carryforward
Identify the fields that cannot be changed while changing parked documents.
There are 3 correct answers to this question.
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Document type or document number
Company code
Account assignment objects
Currency
-> Document type or document number
-> Company code
Account assignment objects
-> Currency
Which business partner categories are available to manage relationships?
There are 2 correct answers to this question.
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Bank
Customer
Person
Organization
Bank
Customer
-> Person
-> Organization
Which date is used to determine the depreciation start date?
Please choose the correct answer.
___________
Asset value date
Posting date
Acquisition date
Baseline date
-> Asset value date
Posting date
Acquisition date
Baseline date
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?
Please choose the correct answer.
_________
Leave the amount as an open item to be reconciled with open amounts in the future.
Adjust the local currency amount to clear the invoice exactly.
Return the difference back to the customer.
Post to profit from exchange rate differences.
Leave the amount as an open item to be reconciled with open amounts in the future.
Adjust the local currency amount to clear the invoice exactly.
Return the difference back to the customer.
-> Post to profit from exchange rate differences.
Which of the following components make up an archiving object?
There are 3 correct answers to this question.
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Customizing settings
Programs
Variables
Data declaration part
-> Customizing settings
-> Programs
Variables
-> Data declaration part
Which of the following information is entered in the chart of accounts segment of a G/L account?
There are 3 correct answers to this question.
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Currency fields
Account number
Control fields
Consolidation fields
Currency fields
-> Account number
-> Control fields
-> Consolidation fields
A maximum of how many special/valuation periods can be open at the same time?
Please choose the correct answer.
__________
16
2
1
4
16
2
1
-> 4
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?
Please choose the correct answer.
__________
Alternative reconciliation G/L account
Individual supplier accounts with special G/L indicator
Supplier reconciliation G/L account
Adjustment G/L account for foreign currency
Alternative reconciliation G/L account
Individual supplier accounts with special G/L indicator
Supplier reconciliation G/L account
-> Adjustment G/L account for foreign currency
Which statements best describe a chart of depreciation?
There are 2 correct answers to this question.
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A chart of depreciation contains multiple depreciation areas with a provision for addition and deletion of depreciation areas.
A chart of depreciation is company-code-specific; therefore, two company codes CANNOT use the same chart of depreciation.
A chart of depreciation is a country-specific object that is delivered with SAP S/4HANA.
A chart of depreciation is mandated by a country’s statutory requirement and should be adopted as is.
-> A chart of depreciation contains multiple depreciation areas with a provision for addition and deletion of depreciation areas.
A chart of depreciation is company-code-specific; therefore, two company codes CANNOT use the same chart of depreciation.
-> A chart of depreciation is a country-specific object that is delivered with SAP S/4HANA.
A chart of depreciation is mandated by a country’s statutory requirement and should be adopted as is.
You want to post journal entries in a special period. Which conditions must be met?
There are 2 correct answers to this question.
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The balance carry-forward to the new fiscal year must have taken place.
You must enter a posting date in the last posting period.
You must have specific authorization to post in special periods.
The special period must be open for posting in the period control.
The balance carry-forward to the new fiscal year must have taken place.
-> You must enter a posting date in the last posting period.
You must have specific authorization to post in special periods.
-> The special period must be open for posting in the period control.
Which business partner categories does the system support?
There are 3 correct answers to this question.
________
Agency
Person
Public sector
Organization
Group
Agency
-> Person
Public sector
-> Organization
-> Group
What can you change for items that are in the exceptions list of the payment proposal?
There are 3 correct answers to this question.
________
Payment method
Bank selection
Payment term
Payment block
Reason code
-> Payment method
-> Bank selection
Payment term
-> Payment block
Reason code
What account types can you use to classify general ledger accounts in SAP S/4HANA?
There are 3 correct answers to this question.
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Field status group
Secondary costs
Balance sheet
Reconciliation accounts
Non-operating expense or income
Field status group
-> Secondary costs
-> Balance sheet
Reconciliation accounts
-> Non-operating expense or income
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?
Please choose the correct answer.
Response:
Cost Center
Segment
Functional Area
Business Area
-> Cost Center
Segment
Functional Area
Business Area
