SAP FI 42+128 questions Flashcards
When is the COGS posting generated in Financial Accounting in the standard sales process? 1
Issue customer invoice
Do PGI (Post Goods Issue)
Create billing document
Create delivery document
Do PGI (Post Goods Issue)
You run the balance carry forward for your company code. When looking at the log you see there is an error with regards to. What is the cause of the error? 1
You have incomplete asset master records.
You have not closed the previous fiscal year.
You have not posted depreciation completely.
You have not run the settlement for your assets under construction.
You have not posted depreciation completely
On which level do you maintain the currency translation ratio between two currencies? 1
Currency type
Document type
Valuation type
Exchange rate type
Exchange rate type
At which levels do you choose between direct and indirect quotation? 2
Exchange rate type
Country
Company code
Client
- Exchange rate type
- Client
What do you configure for regrouping receivables and payables? 1
Provision Method
Calculation Method
Valuation Method
Sort Method
Sort Method
What are characteristics of depreciation area 01? 2
It must be linked to leading ledger 0L.
It cannot take over values from other areas.
It must always post in real time.
It must be defined as a cost accounting valuation area type.
It cannot take over values from other areas.
It must always post in real time.
At which level do you define functional areas in SAP S/4HANA? 1
Controlling area
Client
Financial statement version
Company code
Client
You want to include multiple company codes in a single payment run. What are the prerequisites for including multiple company codes in a single payment run? 1
They must belong to the same controlling area.
They must all belong to the same company.
They must be located in the same country.
They must have the same configuration for payment transactions.
They must be located in the same country.
Which object is only a statistical account assignment for cost postings to an asset? 1
Profit center
Internal order
Cost center
WBS element
Internal order
You need to explain the concept of noted items in SAP S/4HANA. What characteristics are specific to noted items in SAP S/4HANA? 3
They can be accessed by the payment program and the dunning program.
They are managed as open items on customer and vendor accounts.
They generate statistical postings.
They generate postings that do not balance.
They update the general ledger in Entry View only.
- They can be accessed by the payment program and the dunning program
- They are managed as open items on customer and vendor accounts
- They generate postings that do not balance
Which of the following organizational elements can be shared by several company codes? 3
Segment
Business area
Sales organization
Plant
Profit center
- Segment
- Business area
- Profit center
Which parameters can you configure on the dunning level? 2
Days in arrears
Payment deadline
Interest indicator
Line item grace period.
- Days in arrears
- Payment deadline
Where do you assign the group chart of accounts? 1
Company code
Operating chart of accounts
Company
General ledger account
operating chart of accounts
What are the 3 mandatory steps of the dunning process in SAP S/4HANA system? 3
Maintain the parameters of the dunning program
Start the dunning printout
Approve the dunning proposal
Change the dunning proposal
Schedule the dunning run
- Maintain the parameters of the dunning program
- Schedule the dunning run
- Start the dunning printout.
Your company follows IFRS accounting principles and needs to issue a full financial statement for its two main divisions “Consumer Products” & “Professional Products”. What do you need to achieve segment reporting in this scenario? 3
Profitability segments
Document splitting
Segments
Profit centers
Business areas
- Document splitting
- Segments
- Business areas
You try to create a G/L account but you get an error because the account number is not in the accepted range. Which object do you need to customize to extend the number range? 1
Account group
Account type
Chart of accounts
Tolerance group
Account group
Which of the following currency types can be defined for a specific ledger? 3
60 = Global company currency
00 = Document currency
40 = Hard currency
10 = Company code currency
30 = Group currency
60 = Global company currency
10 = Company code currency
30 = Group currency
You want to post a reversal for a document posted in a closed posting period. Which object do you configure to allow you to enter the reversal with a date different from the original document? 1
Reversal reason
Company code
Reversal method
Document type
Reversal reason
At which level do you define functional areas in SAP S/4HANA? 1
Controlling area
Client
Financial statement version
Company code
Client
Your company structures its Profit & Loss (P&L) statement according to cost-of-sales accounting.Which organizational unit do you need to define? 1
Profit center
Business area
Segment
Functional area
Functional area
You define payment methods. Which parameters do you define on the level of the company code? 2
Foreign currency allowed
Minimum and maximum payment amounts
Payment Medium
Permitted Currencies
- Foreign currency allowed
- Minimum and maximum payment amounts
On which levels do you define FI-AA account determination? 2
Client
Chart of depreciation
Chart of accounts
Company code
- Chart of depreciation
- Chart of accounts
You want to implement purchase order accruals in SAP S/4HANA. Which of the following use cases are relevant? 2
Purchase of raw materials for inventory
Purchase of fixed assets (using direct capitalization method)
Purchase of services
Purchase of consumable materials
Purchase of services
Purchase of consumable materials
You want to implement purchase order accruals in SAP S/4HANA. Which of the following use cases are relevant? 2
Purchase of raw materials for inventory
Purchase of fixed assets (using direct capitalization method)
Purchase of services
Purchase of consumable materials
- Purchase of services
- Purchase of consumable materials
You have made an agreement with a customer to guarantee an amount of EUR 10000. What is the result of recording this guarantee in SAP S/4HANA? 1
Two statistical line items
Two noted items
One noted item
One statistical line item
Two statistical line items
What does the fiscal year variant define? 2
The posting periods open for posting
The number of posting periods
The start and end date of posting periods
The authorization to post to special periods
- The number of posting periods
- The start and end date of posting periods
You want to assign your 3 newly created company codes to the same controlling area. Which settings must be common to all the company codes? 2
Posting period variant
Fiscal year variant
Operating chart of accounts
Source currency for group currency
- Fiscal year variant
- Operating chart of accounts
You are entering a credit memo in Financial Accounting and are wondering why the entered payment terms are being ignored. What are the reasons? 2
The credit memo was entered in Financial Accounting.
The credit memo was created without reference to an invoice.
The field “Reference” of the credit memo is blank.
The due date determined based on the entered payment terms is in the past.
The credit memo was created without reference to an invoice
The field “Reference” of the credit memo is blank.
You are implementing the Cockpit for your organization. What are the advantages of defining task groups? 2
It allows cross task list monitoring of task status.
It allows cross template maintenance.
It covers multiple companies with same or similar tasks.
It allows cross task list execution of tasks.
It allows cross template maintenance.
It covers multiple companies with same or similar tasks.
Your system uses parallel currencies. What is the posting indicator of the depreciation area for the parallel currency? 1
Does not post to G/L
Posts to G/L in real time
Posts APC real time and depreciation periodically
Posts to G/L periodically
Does not post to G/L
You post an incoming payment from a customer with a residual item for a payment difference. What are the consequences? 2
The residual item is written off to a cost account.
The residual item becomes a new receivable.
Both the original open item and the residual item remain on the account as open items.
The original document and the payment are cleared.
- The residual item becomes a new receivable
- The original document and the payment are cleared.
You post a vendor invoice for asset acquisition without reference to a purchase order. Which accounting documents are generated? 1
One document per accounting principle
One document for all accounting principles
One document per accounting principle & one document for all accounting principles
Separate documents for each and every accounting principle
One document per accounting principle & one document for all accounting principles
Which date must the system determine when you enter an invoice that needs to be paid? 1
Order date
Payment date
Reference date
Baseline date
Baseline date
You are trying to extend a G/L account to a new company code but are getting an error for incomplete data. All customizable fields have been set to option in the field status. Which fields must you always maintain when extending a G/L account? 2
Account currency
Account number
Field status group
Sort key
Account currency
Field status group
At which levels can the print program and its variant be assigned to the correspondence type?2
System
Company
Client
Company code
Client
Company code
Which of the following organizational elements can be shared by several company codes?3
Segment
Business area
Sales organization
Plant
Profit center
Segment
Business area
Profit center
Your company follows IFRS accounting principles and needs to issue a full financial statement for its two main divisions “Consumer Products” & “Professional Products”. What do you need to achieve segment reporting in this scenario? 1
Document splitting
Segments
Profit centers
Business areas
Document splitting
What is the prerequisite for a G/L account to switch off open item management for it? 1
It has not been posted to.
It has a zero balance.
It has been blocked against postings.
It has no open items.
It has a zero balance.
What are the available options to undo a cleared customer open item? 2
Repost the clearing document
Reverse the clearing document
Reset and reverse the clearing document
Reset the clearing document
Reverse the clearing document
Reset the clearing document
You want to implement purchase order accruals in SAP S/4HANA. Which of the following use cases are relevant? 2
Purchase of raw materials for inventory
Purchase of fixed assets (using direct capitalization method)
Purchase of services
Purchase of consumable materials
Purchase of services
Purchase of consumable materials
What are the consequences of the activation of segment reporting in? 2
The segment is automatically updated in existing asset master data.
The segment appears in the screen layout for asset master data.
The segment appears in the additional account assignment configuration.
The segment activation can be reversed.
The segment appears in the screen layout for asset master data.
The segment appears in the additional account assignment configuration.
In which scenarios is the technical clearing account posted? 2
Asset transfer posting between asset classes
Settlement of an investment order to an asset under construction
Direct asset acquisition posting with a vendor invoice (not linked to a purchase order)
Valuated goods receipt on a purchase order with an asset as account assignment
Direct asset acquisition posting with a vendor invoice (not linked to a purchase order)
Valuated goods receipt on a purchase order with an asset as account assignment
Which component of the Intelligent Enterprise allows customers to discover and deploy vertical solutions from SAP and Partners? 1
Business Network
Intelligent Suite
User Experience
Industry Cloud
Industry Cloud
The SAP Business Network helps customers digitalize cross-company business processes. On which solutions does the network build? 3
Sales
Contingent workforce
Procurement
Human Capital Management
Travel
Contingent workforce
Procurement
Travel
What are some features of SAP Business Technology Platform? 2
It provides data management and analytics
It supports application development and integration
It supports customers in understanding their stakeholder’s needs
It helps customers to collaborate to build flexible value chains
It provides data management and analytics
It supports application development and integration
Which SAP Fiori apps can be run on any database? 2
Customer Accounting Document
Manage Chart of Accounts
Make Bank Transfers
Accounts Payable Overview
Manage Chart of Accounts
Make Bank Transfers
How are pages assigned to users on the SAP Fiori Launchpad?1
Via groups assigned to business roles which are assigned to users
Via sections assigned to business roles which are assigned to users
Directly to business roles which are assigned to users
Via spaces assigned to business roles which are assigned to users
Via spaces assigned to business roles which are assigned to users
What is shared between all deployment options for SAP S/4HANA (Cloud, On- Premise)? 3
Code line
Configuration Scope
User experience
Data model
Upgrade intervals
Code line
User experience
Data model
What are some features of SAP HANA? 2
SAP HANA is optimized to work with aggregates and index tables.
SAP HANA is built on a hierarchical data model architecture.
SAP HANA is optimized to organize data using column stores.
SAP HANA allows transactional and analytical processing from the same tables.
SAP HANA is optimized to organize data using column stores.
SAP HANA allows transactional and analytical processing from the same tables.
You are a group cash manager interested in the North American business market. What are the personalization options available to you in SAP Fiori? 2
You can create a tile group with all the apps required for you daily business for easy access
You can create a tile to take you directly to the cash position of the North American business market
You can manage user access to relevant apps for the North American accounts payable group that reports to you
You can adapt the launchpad color theme according to predefined values for the cash report
You can create a tile group with all the apps required for you daily business for easy access
You can create a tile to take you directly to the cash position of the North American business market
What are some of the benefits of the data handing in SAP S/4HANA? 2
The data is aggregated on the fly from any line-item table.
The data is constantly auto archived to optimize memory usage.
The data is summarized into higher levels of aggregated to help system performance.
The data is available in real time at line-item detail.
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 key reasons for preferring a new implementation of SAP S/4HANA rather than a system conversion from SAP ERP? 2
You want to deploy SAP S/4HANA Cloud
You want to use document splitting for the General Ledger
You want to integrate the system into SAP Cloud Platform
You want to clean up your system and use SAP Best Practices
You want to deploy SAP S/4HANA Cloud
You want to clean up your system and use SAP Best Practices
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? 1
Supplier reconciliation G/L account
Alternative reconciliation G/L account
Individual supplier accounts with special G/L indicator.
Adjustment G/L account for foreign currency
Adjustment G/L account for foreign currency
Where can you see the matching results from the intercompany Matching and Reconciliation tool? 1
In the Accounting Document Segment table (BSEG)
In the Consolidation Journal table (ACDOCU)
In an application specific table (ICADOCM)
In the Universal Journal table (ACDOCA)
In an application specific table (ICADOCM)
Your organization has heard about SAP Intercompany Matching and Reconciliation (ICMR) and wondering whether it could address their needs. For which purposes can ICMR be useful? 2
To generate automatic posting to correct intercompany discrepancy
To trigger elimination of intercompany revenues & costs based on rules configured
To highlight and solve intercompany data discrepancy triggering a workflow
To generate automatic elimination of intercompany AR/AP balances
To generate automatic posting to correct intercompany discrepancy
To highlight and solve intercompany data discrepancy triggering a workflow
How does the system determine the relevant accounting principle when performing foreign currency valuation? 1
Via the valuation type
Via the valuation method
Via the valuation class
Via the valuation area
Via the valuation area
Which physical Inventory methods are available in SAP S/4HANA?
Standard inventory method
Periodic inventory method
Continuous inventory method.
Cycle counting method.
Actual inventory method
Periodic inventory method
Continuous inventory method.
Cycle counting method.
How would you define Intercompany Matching and Reconciliation (ICMR)? 2
It is a solution embedded in the SAP S/4HANA core.
It is a solution that facilitates transaction matching between systems in Central Finance
It is a solution that can be integrated with Group Reporting
It is a solution that requires the parallel implementation of SAP Group Reporting Data collection
It is a solution embedded in the SAP S/4HANA core.
It is a solution that can be integrated with Group Reporting
You notice that the GR/IR account does not have zero balance. What could be the cause? 2
- A purchase order has a goods receipt and an invoice receipt with the same quantity but with different values
- A purchase order has a goods receipt and an invoice receipt with the same quantity and values
- A purchase order has a partial goods receipt for which we have not yet received an invoice
- A purchase order has a partial invoice but not yet a good receipt
A purchase order has a partial goods receipt for which we have not yet received an invoice / A purchase order has a partial invoice but not yet a good receipt
What is the role of the valuation method in the foreign currency valuation? 3
- Define the posting and reversal date for the valuation posting - Determine the G/L accounts for the valuation posting - Define the valuation procedure - Define the document type for the valuation posting - Determine the exchange rate type
Define the valuation procedure / Define the document type for the valuation posting / Determine the exchange rate type
On what level can you restrict postings using the posting period variant? 2
- Supplier account - Fixed asset number - G/L account - Customer reconciliation account
G/L account
Customer reconciliation account
You are implementing the Cockpit for your organization. What are the advantages of defining task groups? 2
- It covers multiple companies with same or similar tasks - It allows cross task list execution of tasks - It allows cross template maintenance - It allows cross task list monitoring of task status
It covers multiple companies with same or similar tasks / It allows cross template maintenance
Which items are taken into account during foreign currency valuation? 2
- Balance valuation on items for balance sheet accounts defined with ledger group specific open item management - Balance valuation on items for balance sheet accounts not defined as open item management - Line item valuation for balance sheet accounts not defined as reconciliation account - Line item valuation for balance sheet accounts defined as open item management
Balance valuation on items for balance sheet accounts defined with ledger group specific open item management / Line item valuation for balance sheet accounts defined as open item management
You run a financial statement report and notice the net profit calculated is different than what you expect. What could cause the issue? 2
- You have account that you have not assigned in the financial statement version - You have added an account to the wrong node and it is included in the assets section - You selected account group assignment by balance for an account and it is displayed as a liability - You have added an account to the liabilities node that belongs to the financial statement notes
You have account that you have not assigned in the financial statement version / You have added an account to the liabilities node that belongs to the financial statement notes
As a pre-closing activity, selected suppliers are to confirm their balances. Which confirmation procedure do you use when a response is expected only in case of discrepancies? 1
- Balance request - Account statement - Balance notification - Balance confirmation
Balance notification
You want to post journal entries in a special period. Which conditions must be met? 2
- The last posting period must be open for posting in the period control - The balance carry-forward to the new fiscal year must have taken control - You must enter a posting date in the last posting period - The special period must be open for posting in the period control
You must enter a posting date in the last posting period / The special period must be open for posting in the period control
What is the purpose of period interval 3 when you define open and closed periods? 1
- Posting from CO to FI - Posting to special purpose ledge - Posting to the extension ledge - Posting to special periods
Posting from CO to FI
Which statements best describe extension ledgers in SAP S/4HANA? 2
- Extension ledger can be assigned their own fiscal year variant - Extension ledgers can have different currencies than the underlying - Multiple extension ledgers can point to the same underlying ledger - Extension ledgers can be assigned their own posting period variant
Multiple extension ledgers can point to the same underlying ledger / Extension ledgers can be assigned their own posting period variant
Which of the following is a technical year-end closing activity in SAP S/4HANA? 1
- Ledger balances must be carried forward - Accruals must be posted - Balance sheet adjustments must be posted - Foreign currency valuation must be posted
Ledger balances must be carried forward
Which closing activities are performed for external reporting as per SAP best practices? 2
- Regroup receivables and payables on the balance sheet - Update product cost estimates with standard prices - Run plan assessment cycles for profit centers - Perform valuations of open items in foreign currency
Regroup receivables and payables on the balance sheet / Perform valuations of open items in foreign currency
After you collect data in the Intercompany Reconciliation tool, what are the next steps of the reconciliation process? 1
- Post the correct on documents * Store the data. * Present reconciled and non-reconciled data * Communicate differences
- Store the data. * Present reconciled and non-reconciled data * Post the correct on documents * Communicate differences
- Present reconciled and non-reconciled data * Post the correct on documents * Store the data. * Communicate differences
- Store the data. * Present reconciled and non-reconciled data * Communicate differences. * Post the correction documents
Store the data. * Present reconciled and non-reconciled data * Communicate differences. * Post the correction documents
To use the SAP Financial Closing cockpit, which steps are required? 3
- Define the person responsible for tasks - Release the task list - Create task groups - Define task dependencies - Create a template
Create a template / Define task dependencies / Release the task list
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? 1
Alternative reconciliation G/L account
Adjustment G/L account for foreign currency
Individual supplier accounts with special G/L indicator
Supplier reconciliation G/L account
Adjustment G/L account for foreign currency
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 account, which field is mandatory by standard procedures?” 1
Business Area
Profitability segment
Functional Area
Result object
Functional Area
You must run the foreign currency valuation for both US GAAP and IFRS, which leads to different value for the 2 different accounting principles. How can you set this up in the system? 1
Define two valuation methods and assign the ledger groups to the new valuation method.
Define two valuation areas and two accounting principles with relevant links to ledgers.
Define two valuation methods and assign the accounting principles to the new valuation methods.
Define two valuation areas and two extension ledgers with relevant links to accounting principles.
Define two valuation areas and two accounting principles with relevant links to ledgers.
You forget to add a new general ledger account to the financial statement version. What impact does this have on the net profit and net loss? 1
- The balance of the new account is added to the non-assigned section and is included in the calculation
- The balance of the new account is added to the notes in the financial statement item section and is included in the calculation
- The balance of the new account is added to the notes in the financial statement item section and is excluded from the calculation
- The balance of the new account is added to the non-assigned section and is excluded from the calculation
The balance of the new account is added to the non-assigned section and is excluded from the calculation
You post a purchase order. For which expenses does the system calculate accruals? 2
- Consulting services - Raw material purchases - Fixed Asset purchases - Insurance premiums
Consulting services
Insurance premiums
What are the features of the Accrual Engine in SAP S/4HANA? 2
- The fiscal year variant of the general ledger is supported - All accrual calculations must be reviewed and approved before posting - All currencies of the general ledger are supported - Accrual postings with a maximum of two-line items are supported
The fiscal year variant of the general ledger is supported
All currencies of the general ledger are supported
What is the order of configuration within SAP Financial Closing Cockpit? 1
Create template, create task list, create tasks, define dependencies, release task list
Create task list, release task list, define dependencies, create template, create tasks
Create template, create tasks, define dependencies, create task list, release task list
Define dependencies, create template, create tasks, create task list, release task list
Create template, create tasks, define dependencies, create task list, release task list
The 3-way match is the standard procedure used to post procurement transactions SAP S/4HANA. How does it work? 1
- The invoice needs to be created in reference to the goods receipt - The purchase order needs to be in reference to a purchase request - The 3 logistical steps each generate financial documents - The goods receipt needs to be created in reference to the purchase order
The goods receipt needs to be created in reference to the purchase order
On which levels can you maintain field status controls for business partners (BP)? 2
- Company Code - BP category - BP role - BP type
BP role
BP type
Which parameter indicates that a line item can only be dunned with restrictions? 1
- Group key - Dunning block reason - Dunning key - Dunning area
Dunning key
You want to edit a dunning proposal. Which actions can you perform to edit a dunning proposal? 3
- Raise the dunning level of an account - Lower the dunning level of an item - Block a line item - Block an account - Change a document
Lower the dunning level of an item
Block a line item
Block an account
Which documents are needed to complete the 3-way match in procurement transactions? 3
- Invoice Receipt - Goods Receipt - Down payment request - Purchase Requisition - Purchase Order ; Invoice Receipt / Go
Invoice Receipt
Goodes Receipt
Purchase Order
Which business partner characteristic is mapped to the customer and supplier account groups? 1
- Business partner type - Business partner account group - Business partner grouping - Business partner role
Business partner grouping
What dunning-related data do you maintain on the business partner master record? 3
- Dunning area - Dunning interval - Dunning procedure - Dunning block - Dunning Key
Dunning area / Dunning procedure / Dunning block /
For which special G/L indicator do you specify a target special G/L indicator? 1
- Bill of exchange - Vendor down payment request - Customer down payment - Guarantee given
Vendor down payment request
In customizing at which levels can you assign the print program to the correspondence type? 2
- At system level - At client level - At business partner level - At company code level
At client level
At company code level
Which fields of a financial accounting document influence the automatic payment program? 3
- Payment transaction - Payment type - Baseline date - Terms of payment - Payment method
Baseline date
Terms of payment
Payment method
How does the system determine the correspondence type of a payment notice? 1
According to the reason code, as long as all the reason code carry the same correspondence type.
According to the reason code, as long as all the tolerance groups carry the same correspondence type.
According to the tolerance group, as long as all the tolerance groups carry the same correspondence type.
According to the tolerance group, as long as all the reason code carry the same correspondence type.
According to the reason code, as long as all the reason code carry the same correspondence type.
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? 3
- Entry date - Document date - Goods receipt date - Posting date - Value date
Entry date
Document date
Posting date
Which field can you change on a posted invoice? 1
- Special GL indicator - Tax code - Statistical internal order - Baseline date
Baseline date
Which field can you change on a posted invoice? 1
- Tax code - Cost center - Payment terms - Special GL indicator
Payment terms
What can you control with the reason code in Accounts Receivable? 3
- The special G/L indicator for the down payment - The type of payment notice sent to customer - The exclusion of disputed residual items from credit limit checks - The document type of the payment - The account where a residual item is posted
The type of payment notice sent to customer.
The exclusion of disputed residual items from credit limit checks.
The account where a residual item is posted.
Which of the following statements best describe a noted item? 2
- It can be used to remind the user about due payments - It can be accessed by the payment program - It has an automatic statistical offsetting entry - It updates the subledger and the general ledger
It can be used to remind the user about due payments
It can be accessed by the payment program
In your system you currently perform manual outgoing payments. Which settings must you maintain as part of the configuration of the automatic payment program? 2
Payment terms
Bank determination
Payment blocks
Paying company code
Bank determination
Paying company code
Which parameters can you specify directly when you create a new correspondence type? 3
- Account required - Document number required - Reason code required - Number of date fields required - Company code required
Account required
Document number required
Number of date fields required
Which of the following steps do you typically perform during a payment run with the automatic payment program? 2
- Define maximum amounts to be paid per supplier - Rank bank accounts for payment - Maintain open item selection parameters - Review the payment proposal exception list
Maintain open item selection parameters
Review the payment proposal exception list
Which requirements do you need to fulfill to use data aging for Finance in the SAP S/4HANA system? 2
- Define the logical file path as a global path for data aging - Add required authorizations for data aging to your role - Archive transactional data no longer legally required - Switch on the data aging business function
Add required authorizations for data aging to your role
Switch on the data aging business function
What separates the leading ledger from other parallel standard ledgers? 1
- It is assigned to all company codes - It doesn’t derive values from the other ledgers - It is used for performing segment reporting - It is used to represent the group valuation
It is used to represent the group valuation
You want to prepare a consolidated financial report for your corporate group consisting of 15 legal entities. You have 10 company codes defined in your SAP S/4HANA system in a single client. The others use separate legacy systems. How many companies should you define in your SAP S/4HANA system to accommodate the consolidation scenario? 1
- 5 - 1 - 10 - 15
15
You are posting a general journal entry for your company code. After posting the entry, you notice the document number in the wrong number range. After reversing the document, what do you need to change when reposting the document? 1
- Document number - Document Type - Posting Key - Assignment
Document Type
Where do you assign the currency type? 1
- Company - Ledger - Accounting principle - Valuation area
Ledger
When defining a new standard ledger, which action must you take to manually post a general journal entry to it? 1
- Define the underlying ledger - Assign a chart of accounts to the ledger - Assign a ledger to a company code - Include the ledger in a ledger group
Assign a ledger to a company code
Which fields are maintained on the chart of accounts level of a G/L account? 3
- Account group - Alternative account number - Group account number - Short text - Field status group
Account group / Group account number/Short text
From which G/L account types are values shown in the profit center (P&L) statements? 3
- Primary Costs of Revenue - Balance Sheet Account - Non-operating Expense or income - Cash account - Secondary Costs
Primary Costs of Revenue / Non-operating Expense or income / Secondary Costs
You try to assign an alternative account to a G/L account but receive an error message. What can be the reason? 1
- The alternative account is already assigned to another G/L account for the company code - The alternative account has not been created for the company code - You have not assigned the alternative chart of accounts to your operational chart of accounts - You have not assigned the alternative chart of accounts to your company
The alternative account is already assigned to another G/L account for the company code
At what level is the bank master data stored in SAP S/4 HANA? - 1
At the system level - At the client level - At the company code level - At the financial management (FM) area level
At the client level
You want to configure the tax calculation procedures. What are the main elements you need to define? 3
- Condition type - Tax category - Tax code - Sequence of steps - Account key
Condition type / Sequence of steps / Account key
What do you need to do to configure a new exchange rate type in SAP S/4HANA? 2
- Maintain exchange rates daily - Specify a purpose for the exchange rate type - Specify the company code currency as the base currency - Set up the relationship between currencies using translation ratios
Set up the relationship between currencies using translation ratios/Specify a purpose for the exchange rate type
How does SAP S/4HANA support the treatment of taxes? 3
- It posts the tax amount to tax accounts - It performs tax adjustments for cash discounts and other forms of deductions - It checks the tax amount entered and automatically calculates the tax - It adjusts the tax codes and automatically updates the procedure - It checks the tax codes and automatically updates the tax rates based on changes by the tax authorities
It posts the tax amount to tax accounts.
It perform tax adjustments for cash discounts and other forms of deductions.
It checks the tax amount entered and automatically calculates the tax.
You have been asked to set up house banks as part of the implementation. What information do you need? 3
- Bank Master Data - Payment method - General ledger account - Bank Control Key - Company code
Bank Master Data / Bank Control Key / Company code
For which account can you perform account clearing in SAP S/4HANA? 1
- For any balance sheet account managed on a line-item basis - For any account that is managed on an open item basis - For any G/L account defined as reconciliation account - For any account that is assigned to a financial statement version
For any account that is managed on an open item basis
What does the document splitting functionality do? 1
- It enriches all relevant balance sheet account lines with the defined splitting characteristics - It enables the automatic creation of an additional posting document in case the original document contains more than 999 line-items - It enriches all customer and vendor line items with the defined splitting characteristics in the relevant subledgers - It enables the automatic creation of additional posting documents for each defined splitting characteristic
It enriches all relevant balance sheet account lines with the defined splitting characteristics
You are responsible for configuring document splitting. What are some of the key settings? 2
- Business transaction variant - Document type - Field status variant - Document number range
Business transaction variant / Document type
How does the system perform the normal reversal of a journal entry? 1
- It creates an inverse posting by resetting the transaction figures - It creates an inverse posting by decreasing the transaction figures - It creates an inverse posting by increasing the transaction figures - It creates the inverse posting of a cleared document before resetting it
It creates an inverse posting by increasing the transaction figures
Which prerequisites must be fulfilled to allow for negative postings of journal entries? 2
- The posting key must allow negative postings - The company code must allow negative postings - The reversal accounts must be configured to allow negative postings - The reversal reason must be configured to allow negative postings
The company code must allow negative postings / The reversal reason must be configured to allow negative postings
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 this account? 1
- You can post to the account in any currency, and it will be converted into CAD - You can only post to the account in CAD, USD, and EUR - You can only post to the account in CAD and USD - You can only post to the account in CAD
You can post to the account in any currency, and it will be converted into CAD
What items are NOT cleared by the automatic clearing program? 3
- Noted items - Statistical postings - Items with value-added tax - Items with sales and use tax - Items with withholding tax
Noted items / Statistical postings / Items with withholding tax
What are the characteristics of a company in SAP S/4HANA? 2
- It represents separate areas of operation within an organization - It is considered for consolidation - It can be assigned to a company code - It is responsible for costs and revenues within an organization
It is considered for consolidation / It can be assigned to a company code
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? 2
- The posting period variant must be created and assigned - Number range and document types must be maintained - User must be assigned to a tolerance group - Line-item text templates must be maintained
The posting period variant must be created and assigned / Number range and document types must be maintained
When is it possible to set the open item management indicator in a general ledger account? 2
- When an account is set up as a reconciliation account - When an account has a zero balance - When an account is set up as balance sheet account - When an account is set up as a secondary cost element
When an account has a zero balance / When an account is set up as balance sheet account
Which statements best describe a profit center? 2
It is an object for which separate balance sheet and P&L statements can be created, independently from segments being maintain or not.
It is the only object that can be uniformly derived using segments.
It is the only object from which segments can be uniformly derived.
It is an object for which separate balance sheet and P&L statements can be created only when used in conjunction with segment.
It is an object for which separate balance sheet and P&L statements can be created, independently from segments being maintain or not.
It is the only object from which segments can be uniformly derived.
Besides using the profit center, which options dose General Ledger Accounting with document splitting provide to assign a segment to the posting line? 2
Definition of validation rules
Badi implementation (FAGL_DERIVE_SEGMENT)
Standard account assignment using constants
Assignment of default segments to G/L accounts
Badi implementation (FAGL_DERIVE_SEGMENT)
Standard account assignment using constants
You want to post depreciation costs of one asset to two cost centers. How do you do this? 1
You assign two real cost centers in the asset master data
You assign a real cost center and a statistical cost center in the asset master data
You assign a real internal order in the asset master data which you settle periodically to two cost centers.
You assign a statistical order in the asset master data which you settle periodically to two cost centers
You assign a real internal order in the asset master data which you settle periodically to two cost centers.
You perform the depreciation run for your assets. For a specific asset, you would like to post the depreciation costs to a different cost center than the one specified in the asset master data. How do you achieve this? 1
By charging the corresponding error into a warring via configuration
By creating a substitution in Financial Accounting line items
By setting the “identical parameter” as not activated in the account assignment configuration
By removing the cost center from the asset master data
By creating a substitution in Financial Accounting line items
On which levels can you define the technical clearing account for Integrated Asset Acquisition in Customizing? 2
Asset class
Depreciation area
Account determination
Chart of Accounts
Account determination
Chart of Accounts
You define the technical clearing account for Integrated Asset Acquisition in Customizing. Which prerequisites must be met? 2
- The account is a balance sheet account - The account is defined as a reconciliation account for fixed assets - The account is defined as open item managed - The account is defined in the account determination for each asset class
The account is a balance sheet account
The account is defined as a reconciliation account for fixed assets
What can you achieve with the legacy data transfer in Asset accounting via transaction AS91? 1
- Posting the summary write off in G/L - Posting of take over values - Creation of master data - Setting the company code status for legacy data transfer
Creation of master data
You post an unplanned depreciation to an asset. What is the effect on FI-AA and FI-GL? 1
Posting is done in FI-AA in real time and in FI-GL once the periodic posting program has run
Posting is done in FI-AA in real time and in FI-GL once the depreciation posting program has run
Posting is done in FI-AA and in FI-GL online and in real time
Posting is not done in FI-AA and in FI-GL until the depreciation posting program has run
Posting is done in FI-AA in real time and in FI-GL once the depreciation posting program has run
You have activated the WBS Element (not related to Investment Management) as an account assignment for asset accounting with the parameters balance sheet and identical active. What are the consequences? 2
- The WBS Element cannot be used anymore for settlement - The WBS Element from the asset master data can be changed during planned depreciation posting - The WBS Element is available for input in the asset master record - The WBS Element can no longer be changed in the asset master record once the asset is capitalized
The WBS Element is available for input in the asset master record
The WBS Element can no longer be changed in the asset master record once the asset is capitalized
How do you configure depreciation areas in SAP S/4 HANA? 2
- Assign each accounting principle to a depreciation area - Ensure all depreciation areas always post to the general ledger - Assign depreciation area 01 to the leading ledger - Ensure a ledger group is assigned to each accounting principle
Ensure a ledger group is assigned to each accounting principle
Assign each accounting principle to a depreciation area
You are responsible for implementing Asset Accounting. You are provided with the legacy data of various assets and their grouping information based on classifications, useful life, and depreciation terms. What configuration step would you initiate to maintain these categories in SAP S/4HANA? 1
Define asset classes and maintain their attributes
Configure depreciation keys and calculation keys
Define depreciation areas for each category of legacy asset
Define a depreciation area to transfer all the legacy data
Define depreciation areas for each category of legacy asset
What is the difference between the ledger approach and the accounts approach to parallel valuation in Asset Accounting? 1
In the accounts approach, you assign a separate set of accounts for each accounting principle, unlike the ledger approach.
In the leger approach, you maintain additional depreciation areas to post the delta valuation of each accounting principle, unlike the accounts approach.
In the accounts approach, you define a technical clearing account for integrated asset acquisitions, unlike the ledger approach.
In the ledger approach, you assign a ledger group to every depreciation area, unlike the account approach.
In the accounts approach, you assign a separate set of accounts for each accounting principle, unlike the ledger approach.
Which elements define the integration of asset acquisitions with the general ledger? 2
- Depreciation keys - Depreciation area - Valuation area - Asset class
Depreciation area
Asset class
Which date is used to determine the depreciation start date? 1
- Document date - Asset value date - Posting date - Baseline date
Asset value date
You are asked to explain how assets under construction work in SAP S/4 HANA What should you highlight? 2
- It is possible to calculate and post depreciation in the balance sheet depreciation area for assets under construction - It is impossible to use assets under construction with Investment Management - 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
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
What do you define when configuring asset classes? 3
- Account determination - Number ranges - Screen layout rules - Transaction types- Posting keys
Account determination
Number ranges
Screen layout rules
You are starting the fiscal year-end process in Asset Accounting in SAP S/4 HANA. What are the year-end closing program checks for Asset Accounting? 2
- Depreciation is posted in full for all assets
- Posting periods are closed for asset G/L accounts
- The fixed asset fiscal year change is complete
- Asset master data is complete and without errors
Depreciation is posted in full for all assets
Asset master data is complete and without errors
How can you perform transfers of asset between company codes with different chart of depreciation? 1
- Enter depreciation area mapping during intercompany transfer posting - Define a global transfer variant and assign all the depreciation areas to it - Ensure the same depreciation areas are used in all charts of depreciation - Configure the cross-company depreciation areas in Customizing
Configure the cross-company depreciation areas in Customizing.
In your SAP S/4HANA system, you report financial values for three separate accounting principles. You post an acquisition for an asset that is capitalize in a single accounting principle. If you use the application to post integrated asset acquisitions, how many documents will the system post? 1
3
2
1
4
4
What are the maintenance levels of a screen layout rule for asset master data? 3
- Main asset number - Asset subnumber - Group asset - Depreciation area - Asset class
Main asset number
Asset subnumber
Asset class
How do you identify an asset master record as an asset under construction? 1
- The asset belongs to a specific asset class - The ordinary depreciation start date is empty - The depreciation key is empty - The asset capitalization date is empty
The asset belongs to a specific asset class
Which of the following are valid settlement receivers when you perform settlement for an asset under construction on a line-Item basis? 2
- Profit center - Fixed asset - Cost center - Functional area
Fixed asset
Cost center
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? 1
- Area does not post - Area posts APC immediately, depreciation periodically - Area posts depreciation only - Area posts in real time
Area posts APC immediately, depreciation periodically
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 on the screen layout maintenance page to ensure the inventory number is NOT copies over when you create new asset master via copy? 1
Remove the main asset indicator
Remove the reference indicator
Remove the asset class indicator
Remove the subnumber indicator
Remove the reference indicator
Which of the following should you consider when defining asset number ranges? 2
- Each asset class can have either an internal or external number range - Asset number range are defined at chart of depreciation level - Asset number range are defined for asset classes and are company code specific - Each asset number range must be assigned to a unique asset class
Each asset class can have either an internal or external number range.
Asset number range are defined for asset classes and are company code specific.
“La classe choisit le style, la société choisit le numéro.”
Élément Niveau de config
Type de numéro (int/ext) ➤ Défini dans la classe d’actif
Plage de numéro ➤ Définie par company code
What is the purpose of the chart of depreciation? 1
- The chart of depreciation is a reporting tool that structures your assets for hierarchical reporting
- The chart of depreciation defines the asset classes for which you can create fixed assets
- The chart of depreciation manages country-specific legal valuation of fixed assets
- The chart of depreciation substitutes the operational chart of accounts in asset-related postings
The chart of depreciation manages country-specific legal valuation of fixed assets
You are configuring asset-related postings of depreciation areas in Asset Accounting. Which of the following settings is ‘NOT’ permitted? 1
- Area does not post - Area posts depreciation only - Area posts in real time - Area posts revaluation only
Area posts revaluation only
What are the maintenance levels of a screen layout rule for asset master data? 3
Depreciation area
Asset subnumber
Main asset number
Group asset
Asset class
Asset subnumber
Main asset number
Asset class
Which object is used to directly support the preparation for consolidation? 1
Company/Trading Partner
Ledgers/Ledger Groups
Segments/Profit Centers
Functional Areas
Company/Trading Partner
SAP S/HANA has introduced the Universal Journal (table ACDOCA) which represents the single source of truth. Which line items are recorded in the table ACDOCA? 3
Plan depreciation amounts
Primary costs resulting from a distribution
Intercompany postings
Budgeted costs for a cost center
Secondary costs resulting from an assessment
Primary costs resulting from a distribution
Intercompany postings
Secondary costs resulting from an assessment
Your company based in France has a permanent establishment in Switzerland where financial statements are required by law. Which organizational unit do you need to create for the permanent establishment in Switzerland? 1
Segment
Business area
Profit Center
Company code
Company code
Which currency types are defaulted in SAP S/4HANA? 2
30 = Group Currency
00 = Document currency
20 = Controlling area currency
10 = Company code currency
00 = Document currency
10 = Company code currency
You want to create a substitution in Financial Accounting. Which parts do you have to define for each step of the substitution? 2
Message
Check Statement
Prerequisite Statement
Substitution values
Prerequisite Statement
Substitution values
What does the document type control? 2
Which account types are allowed for postings
Whether text is required online item level
Whether negative postings are permitted
Which posting keys are allowed for postings
Which account types are allowed for postings
Whether negative postings are permitted
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? 1
Document header
Document line
Complete document
Cost of sales accounting
Document line
Which of the following statements best describes how customer down payments are integrated with Sales & Distribution (SD)? 1
A down payment request is created as an SD sales order, which is automatically posted in FI as a noted item.
A down payment request is created as an FI noted item, which automatically generates an SD billing document.
A down payment request is created as an SD billing document, which is automatically posted in FI as a noted item.
A down payment request is created as an FI noted item, which automatically generates an SD sales order.
A down payment request is created as an SD billing document, which is automatically posted in FI as a noted item.
You define custom currency type Zl for your company code. Which currency types must be stored in the Data Entry view? 2
Hard currency
Document currency
Company code currency
Custom currency type Zl
Document currency
Company code currency
What is the recommended organizational unit for cost of sales accounting? 1
Profitability Segment
Controlling area
Functional Area
Profit center
Functional Area
Which steps are required to create a substitution in Financial Accounting? 3
Define the substitution rule with its different steps using the formula editor.
Assign the substitution rule to the controlling area.
Specify an authorization group.
Select activation level 2.
Select the correct call-up point.
Define the substitution rule with its different steps using the formula editor
Select activation level 2.
Select the correct call-up point.
In your SAP S/4HANA system, you want to archive the G/L account that are not used by the business in any company code. What are prerequisites to archiving all data of a G/L account? 3
The blocked for posting indicator is set for the G/L account.
Set the deletion flag in the chart of accounts data of the G/L account.
Transaction figured are older than a customizable amount of years.
There are no transaction figures for the account.
Set the deletion flag in the company code data of the G/L account.
Set the deletion flag in the chart of accounts data of the G/L account.
There are no transaction figures for the account.
Set the deletion flag in the company code data of the G/L account.
Which of the following statements are valid for financial document number ranges? 3
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 defined at client level should NOT overlap
All financial document number ranges can contain numbers and/or letters
Financial document number ranges must be defined for the year in which they are used
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
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? 1
Business Area
Consolidation Unit
Company
Company Code
Company Code
You assign currency type 40 to your company code in ledger 0L. Which source currency types can you select? 2
Controlling area
Company code currency
Document currency
Group currency
Company code currency
Document currency
You need to post customer invoices via interface from non-SAP system. You want to define a new document with a specific document number range that matches the document numbers of the source system. How do you define the document number range? 1
You must use internal number assignment
You can use internal or external number assignment
You can use internal or external number assignment, but it has to be continuous
You must use the external number assignment
You must use the external number assignment
Which of the following API types does SAP recommend to use to achieve clean core integration? 2
SOAP
IDoc
OData
RFC
SOAP
OData
What are some SAP recommended guiding principles to achieve clean core operations? 3
Establish release management
Define roles and responsibilities as part of process transformation office.
Establish an organizational structure, technical foundation, and transformation methodology for clean core.
Establish regular housekeeping tasks and procedures
Integrate clean core practices in the end-to-end value process chain
Establish release management
Integrate clean core practices in the end-to-end value process chain
Establish regular housekeeping tasks and procedures
Which model can be used for ABAP cloud-native development? 1
The ABAP Cloud Development Model
The SAP S/4HANA Cloud Extensibility Model
ABAP RESTful Application Programming Model
The ABAP Cloud Development Model
Which of the following can you use to explore released APIs ?1
SAP Application interface Framework
SAP Business Accelerator Hub
SAP Integration Suite
SAP Business Accelerator Hub
