SAP FI 42+128 questions COPY Flashcards by Audrey AA

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)

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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

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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

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At which levels do you choose between direct and indirect quotation? 2
Exchange rate type
Country
Company code
Client

Exchange rate type
Client

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What do you configure for regrouping receivables and payables? 1
Provision Method
Calculation Method
Valuation Method
Sort Method

Sort Method

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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.

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At which level do you define functional areas in SAP S/4HANA? 1
Controlling area
Client
Financial statement version
Company code

Client

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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.

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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

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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

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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

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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

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Where do you assign the group chart of accounts? 1
Company code
Operating chart of accounts
Company
General ledger account

operating chart of accounts

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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.

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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

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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

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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

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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

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At which level do you define functional areas in SAP S/4HANA? 1
Controlling area
Client
Financial statement version
Company code

Client

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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

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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

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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

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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

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Purchase of services
Purchase of consumable materials

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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

1. The number of posting periods 2. 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

1. Fiscal year variant 2. 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.

1. The residual item becomes a new receivable 2. 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 ## Footnote Reposting the clearing document and resetting the clearing document were also options.

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 ## Footnote Purchase of fixed assets and consumable materials were also mentioned.

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

Supplier account / G/L 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

Account statement

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

32.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

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/Maintain exchange rates daily

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 a reconciliation 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 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

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

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. Each asset number range must be assigned to a unique asset class.

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