Practice makes perfect
Vat tax changed from 20% to 18%. How do you change it.
Update it from 20 to 18 for input and output
Update from 20-18 for input
Create new at 18 for input and output
Create new at 18 for input
What are characteristics of a Drill down report (5)
Company Code
Business area
Currency
Balance carry-over
Chart of accounts
Profit center
Data stored on bank level (7)
DME
EDI
Signatours
Overdraft Limit
G/L Accounts
Bank master data
Information for electronic payment transactions
Ban accounts for each bank
General ledger accounts for each bank account
What two identifiers are used to represent a bank account in S/4 HANA (2)
House Bank ID
Address
Account ID
One Vendor Invoice, Distributing to 3 Cost Centers. How many line items in data entry view and data G/L view?
Entry: 3 ; GL: 9
Entry: 5; GL 7
Entry: 5 ; GL 9
Entry: 3 ; GL 7
Benefits of Public SAP Cloud Implementation(2)
Less IT cost
More customizable
One time licensing cost
Version is always up to date
What do you do when you want to define 2 number ranges for separate assets classes?
2 number ranges and manually assign both classes individually
Create a substitution rule
Create 2 number ranges and have the asset classes default them both individually
Enter the Same Number Range in the Customizing Definition of Both Document Types.
A customer sends payment but there is no open item. What do you do?
Payment Run
Partial Payment
Residual Item
Payment on Account
What Pre-Closing Activities Do You Perform on the Last Day of the Month in FI/GL(3)
Asset Depreciation
Enter accruals
Open the next month's period
Maintain GR/IR Clearing Accounts in MM
What items are noted in the Assets Under Construction Scenario (3)
Special Depreciation
Unplanned Depreciation
Imputed Interest
Investment Support
Down Payments
How does an S/4 HANA System Behave when an invoice is processed as a residual payment
As a Residual Payment
Original Document and Payment are Cleared
Changed Payment Terms
Residual Item is treated as a Down Payment
What do we define when creating a valid tax code(2)
Document date
Value date
Posting date
Tax percentage
Valid tax type
You create 3 depreciation areas and need to account for acquiring an external asset using the ledger approach. How many docs are created
6
4
3
1
What are the steps of the Financial Closing Cockpit process?
Create template, Create tasks, Define dependencies, Create task list, Release task list
Create template,Define dependencies, Create tasks, Create task list, Release task list
Question about when we regroup receivables and payables. Regrouping program closing activities- how does it work?
Re-classify amounts based on Remaining Life
Adjusts for changes in the reconciliation account
Accounts payable
You've completed fiscal year and are in close. Which periods should be open?
1-12 closed. 13-16 closed
1-12 open. 13-16 open
1-12 closed. 13-16 open
1-12 open. 13-16 closed
Where is the financial statement version assigned for asset reporting?
Depreciation area
Depreciation run
Depreciation valuation
Identify the application areas where validations and substitutions can be used(9)
FI- Financial accounting*
CO- Cost accounting*
AM- Asset accounting*
GL - special purpose ledger
CS - consolidations (Validations only)
PS - project system
RE - Real Estate
PC-Profit Center (substitutions only)
GA -Allocations (FI-SL) (Substitutions only)
Cost Center
This is an asset with 50 debit and 80 credit. Which side of balance sheet should it appear?
Balance listed on liabilities
Balance listed on assets
50 on assets 0 on liabilities
50 on assets 50 on liabilities
What must we use in order to compare ledgers in parallel accounting
Depreciation key
Depreciation Area
Account Determination
Asset Class
What happens with Partial Payments to Outgoing (2)
A payment block is initiated
An Invoice is cleared
A payment is Cleared with Reference to the Invoice
The Invoice Remains Open
Handle difference with a residual item
How is B/S and P&L affected when there is a sales deduction and a materials expense
B/S is affected by both
P&L is affected by both
B/S is affected by sales deduction; P&L is affected by materials expense
P&L is affected by sales deduction; B/S is affected by materials expense
How to derive a segment if a profit center cannot be derived?(4)
BAdl ABAP Code
Manual Period Postings
OBK9 Transaction Code
Substitution Rule
Assignment of standard accounts
What can you define within the posting key?(3)
Account Type
Whether or not the Posting is a Debit/Credit Posting
Field Status
Cost center
What are the fields under bank data? General question - But what is the most important field in the bank data section document header?
Value date
Cost center
Bank id
Account type
Which Section of the Business Partner Master Record Controls Number Range Definition
Business partner grouping
Business partner role
Business partner client
Question About Special G/L Indicator Types(3)
Down Payments
Bills of Exchange
Guarantees
Profit center
Cost center
What data do you define on the level of bank master data(4)
A unique bank country
Bank key
Address Data and Control Data
Bank master records stored centrally in bank directory
Business partner
You want to use foreign currency valuation in the ledger solution. Which objects are required in customizing?(3)
Account Determination
Valuation Areas
Accounting Principles
Value
What needs to be maintained in customizing to allow cross-company code transactions?(4)
System Generates a line using a preconfigured clearing account for posting the doc in each company code.
Also need Posting Keys in order to identify the document types within the clearing accounts
Posting Keys
Clearing Accounts
Accounts payable
What are the prerequisites for using data aging in SAP S/4 HANA(3)
Activate the Relevant Business Function
Active aging on HANA (set parameter ABAP/data aging)
Add the authorizations required for data aging to your role
Switch on the data aging
What two prerequisites must be fulfilled before you can use negative postings(2)
The Company Code must permit negative postings
Reversal Reason Must be Configured to Allow Negative Postings
Authorization
Business partner
Which of the following Special G/L transactions are noted items?(2)
Down Payment Requests
Bill of Exchange Payment Requests
Guarantee payment
What 3 Applications are the tiles in SAP Fiori Tied to?(3)
Transactional
Analytical
Statistical
Factsheets
What (can't) you edit in a parked document?(4)
Currency
Document type
Document number
Amounts
Accounts
Company code
What elements are available to for entering rules for the prerequisites and checks:(3)
Operands
Logical Operators(Boolean Terms)
Unplanned
Comparison Operators
Your supervisor wants to see a view of a client's financials.. What would you configure?
Extension Ledger
General ledger
Special ledger
COA
What can you edit in the payment proposal step(3)
Payment Block
Payment Method
Payment terms
Bank Selection
What Information is updated on the invoice when posting a complete payment?(2)
Clearing Date
Clearing Document Number
Clearing month
What data model is used in SAP S4 HANA
Online Transactional Processing and Online Analytical Processing run in a single system. OLTP and OLAP together
G/L
Documents together
Fiscal year
You want to make the "Reference Document Number"Required for Entry. Which Object Controls this setting?
Document number
Number range
Document Type
Which Business Process can be handled with Accrual and Deferral Postings?(2)
Recurring Entry Program
Cancellations
Manual
Which of the Following Control Data is Determined by Asset Class(3)
Screen Layout
Account Determination
Number Range Interval
Accounts recievable
What do we assign to a Valuation Area in order to properly execute Financial Closing For Foreign Currency Valuations
Valuation Date
Valuation Methods
Valuation terms
What documents are created in the SD Process for FI? When will the FI document get created?(2)
Good issue
Payment
Billing
Fiscal year
In asset accounting year end closing, what are the program checks? Closing process in regards to depreciation:(2)
Check to make sure the depreciation is posted in full
Reconcialiation
Assets are complete and error-free
What type of data is stored in the Chart of Accounts section of the G/L Account?(3)
Consolidation
Account date
Group Chart of Account
Account Group
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