Sap Finance Module 2
SAP Finance Module Quiz
Test your knowledge of the SAP Finance Module with this comprehensive quiz designed for finance professionals. From reporting customer postings to document splitting, this quiz covers a range of topics to enhance your understanding of the SAP financial systems.
- Multiple choice questions
- Checkbox answers for in-depth knowledge
- Assess your skills and identify areas for improvement
For reporting purposes, your client would like to present information about customer postings that are NOT reflected in the G/L. Which special G/L type do you recommend?
Noted items
Free offsetting entries
Bill of exchange
Statistical postings
Which steps are required to create a substitution in Financial Accounting? There are 3 correct answers to this question.
Choose the area of application GL.
Activate the substitution rule.
Select the correct call-up point.
Define the substitution rule with its different steps using the formula editor.
Assign the substitution rule to the controlling area.
Your customer wants to use data aging for the universal journal. Which criteria can you use to decide which data is moved to the historical partition? There are 2 correct answers to this question.
Company code
Account type
Document type
Ledger
You need to perform mid-year legacy system migration for assets in a new company code. Which data must you migrate? There are 3 correct answers to this question.
Accumulated depreciation per cost center
Current year posted depreciation
Closed year asset sale transactions
Current year asset acquisition transactions
Fully depreciated fixed asset master records
Which statements best describe a profit center? There are 2 correct answers to this question.
It is an element for which separate balance sheet and P&L statements can be created.
It is the only object from which segments can be uniformly derived.
It has to be used simultaneously with segments to create separate balance sheet and P&L statements.
It is the only object that can be uniformly derived using segments.
You need to use foreign currency valuation in the ledger solution. Which objects must you define in Customizing? There are 3 correct answers to this question.
Account determinations
Simulation extension ledger
Accounting principles
Valuation areas
Value adjustment keys
The SAP Business Workflow ________ process dimensions.
Two
Five
Four
Three
A vendor is also a customer. The payment program has to clear the open items. Which setting has to be maintained for the business partner?
The same payment method
The alternative payer and payee
The account link
The same bank details
Which statements best describe extension ledgers in SAP S/4HANA? There are 2 correct answers to this question.
Extension ledgers can have different currencies than the underlying ledger.
Extension ledgers can be assigned their own fiscal year variant.
Multiple extension ledgers can point to the same underlying ledger.
Extension ledgers can be assigned their own posting period variant.
You have to run the foreign currency valuation for both US GAAP and IFRS, which leads to different values for the two different accounting principles.
Define a valuation area and ledger group for two ledgers to link with the new valuation area.
Define two valuation areas and two accounting principles with relevant links to ledgers.
You want to create a substitution in Financial Accounting. Which parts do you have to define for each step of the substitution? There are 2 correct answers to this question.
Message
Check
Prerequisite
Replacement
How many intervals are defined for the foreign currency valuation run ID per client?
1
2
3
0
For general ledger account posting, which one of the following standard posting keys is for debit?
40
41
50
1
For which of the following can you park documents? There are 2 correct answers to this question.
General ledger accounts
Material accounts
Sales invoices
Customer accounts
Which fields of a financial accounting document influence the automatic payment program? There are 3 correct answers to this question.
Payment type
Payment term
Payment block
Payment method
Payment advice
What do you configure to allow cross-company-code transactions? There are 2 correct answers to this question.
Account types
Clearing accounts
Posting keys
Special G/L indicator
In a valuation method, which of the following is not a valuation approach for foreign currency valuation?
High rate of interest principle
Strict lowest value principle
Lowest value principle
Revalue only
You are configuring depreciation areas in Asset Accounting. Which of the following settings is NOT permitted?
Area does not post
Area posts in real time
Area posts revaluation only
Area posts depreciation only
You are posting an incoming payment against an invoice. Which document values does the user tolerance group control? There are 2 correct answers to this question.
The cash discount percentage allowed for the complete document
The total amount (sum of all line items) allowed to be posted
The cash discount amount (absolute value) allowed for a line item
The payment amount allowed for each customer open item
How many cash discount periods can be entered in the terms of payment?
8
5
2
3
Which edition of SAP S/4HANA introduced the universal journal?
SAP S/4HANA 1511
SAP Business Suite powered by SAP HANA
SAP S/4HANA Cloud
SAP S/4HANA Finance 1503
Which of the following has to be created and assigned to an organizational structure before the Financial Closing Cockpit can be used?
Task list template
Flow definitions
Subfolders
Programs
You want to quickly launch the balance sheet for the company code you are responsible for from the SAP Fiori launchpad. What can you create to achieve this?
Your own application tile
Your own application catalog
Your own financial statement version
Your own application group
You are starting the fiscal year-end process in Asset Accounting in SAP S/4HANA. What are the year-end closing program checks for Asset Accounting? There are 2 correct answers to this question.
Assets are complete and error free.
Depreciation is posted in full.
Fixed asset fiscal year change is complete.
General ledger and subledgers are closed.
Which of the following lists support the dunning clerk’s work? There are 3 correct answers to this question.
The list of vendor balances in local currency
The dunning history list
The dunning list
The blocked accounts list
What checks does the year-end closing program (RAJABSOO) perform? There are 2 correct answers to this question.
Assets are complete and error-free.
Depreciation and asset balances are posted in full.
Last fiscal year has been updated.
Depreciation lists and the asset history sheet have been checked.
You are responsible for configuring document splitting. What are some of the key settings? There are 2 correct answers to this question.
Document type
Document number range
Field status variant
Business transaction variant
True or False: SAP S/4HANA replaces SAP ERP, and development and support are shifted completely to it.
False
True
What do you define in Customizing for the payment program? There are 3 correct answers to this question.
Allowed currencies
Payment run ID
Bank determination
Exchange rate type
Forms for the payment media
Identify some of the fields related to the depreciation area in the asset master record There are 3 correct answers to this question.
Depreciation start
Scrap value
Useful life
Asset description
Which of the following original Management Accounting objects can you assign in the asset master record? There are 3 correct answers to this question.
Activity type
Cost center
Order
Cost element
A user wants to add an application to his SAP Fiori home page but can’t find it in the App Finder. What does the admin have to do?
Add the corresponding tile catalog to the tile group.
Assign the corresponding SAP Fiori tile catalog to the user.
Add the tile to a tile group already assigned to the user.
Assign the corresponding SAP Fiori tile group to the user.
Which of the following options can you use to change the G/L account master data using collective processing? There are 3 correct answers to this question.
Change account descriptions
Change company code data
Change client level data
Change chart of accounts data
You want to specify the financial statement version for asset reports in Customizing. Where do you need to assign the financial statement version?
To each chart of depreciation
To each depreciation area
To each accounting principle
To each company code
Which of the following statements best describe how core data services (CDS) are developed?
They are developed in the ABAP layer of the SAP S/4HANA system by the Analytics end user.
They are developed in the ABAP layer of the SAP S/4HANA system by the IT user.
They are developed in the SAP HANA database layer by the Analytics key user.
They are developed in the SAP HANA database layer by the IT user.
You need to define a new document type with a specific document number range to post customer invoices via interface from a non-SAP system. How would you define the document number range?
You have to use internal number assignment.
You have to use external number assignment.
You have to use continuous number assignment.
You can use internal, external, or continuous number assignment.
On which level are asset classes created?
Client
Chart of depreciation
Company code
Depreciation area
For which of the following special G/L transactions does the SAP S/4HANA application not update the transaction figures?
Customer account
Special general ledger account
Vendor account
Noted items
Which reporting tools are available with SAP S/4HANA embedded analytics? There are 2 correct answers to this question.
Query Browser
SAP Analytics Cloud
SAP Analysis for Microsoft Office
KPI modelling apps
Your customer- performs pre-closing activities on the last day of the month. Which activities are typically executed during pre-closing? There are 2 correct answers to this question.
Process bad debt expenses for accounts receivable.
Create the asset history sheet for asset accounting.
Post recurring entries for the general ledger.
Perform foreign currency valuation for accounts payable.
For which special G/L indicator do you specify a target special G/L indicator?
Guarantee given
Customer down payment
Bill of exchange
Vendor down payment request
For which activities can you use an extension ledger? There are 2 correct answers to this question.
Simulation of foreign currency valuation
Configuration of custom fields for financial statements
Adjustments for consolidation purposes
Parallel valuation of depreciation areas
Which data do you define on the bank master record? There are 2 correct answers to this question.
Corresponding business area
Payment and dunning information
Address data and control data
A unique bank country
How does the SAP HANA architecture improve SAP S/4HANA system performance?
SAP HANA makes extensive use of database indexes providing common access paths to data in order to improve access speed.
SAP HANA organizes data in line item tables and can aggregate data from these line item tables at runtime.
SAP HANA uses a structured hierarchical data model with a multitude of lean prebuilt aggregated tables to write efficient code.
SAP HANA allows you to build aggregate tables on top of aggregates and, in addition, special versions of the database tables to support special applications.
What is the purpose of the chart of depreciation?
The chart of depreciation is a reporting tool that structures your assets for hierarchical reporting.
The chart of depreciation substitutes the operational chart of accounts in asset-related postings.
The chart of depreciation facilitates country-specific legal valuation of fixed assets.
The chart of depreciation defines the asset classes for which you can create fixed assets.
Which of the following parameters can be changed on a time-dependent basis? There are 3 correct answers to this question.
Depreciation key
Depreciation start date
Variable depreciation portion
Useful life (year or period)
Which of the following methods does the depreciation key define? There are 3 correct answers to this question.
Asset sheet valuation method
Base method
Multilevel method
Period control method
Customers using classic General Ledger Accounting can use RFBILAOO to create a financial statement at which organization levels? There are 2 correct answers to this question.
Client level
Business area level
Company area level
Segment level
The dunning run is made up of three main steps that happen in a particular sequence. What is the correct sequence of steps?
"Account selection Dun line items Dun account"
"Account selection Item selection Dun line items"
"Item selection Dun account Dun line items"
"Item selection Dun line items Dun account"
What are some of the benefits of SAP S/4HANA? There are 2 correct answers to this question.
The data is analyzed after it is extracted and loaded in the reporting system.
The data is summarized into higher levels of aggregates to help system performance.
The data is aggregated on the fly from any line item table.
The data is available in real time at line item detail.
Where is the billing document created?
Accounting
Financial Accounting
Sales and Distribution
Materials Management
During which actions does the system assign the document number for Financial Accounting? There are 2 correct answers to this question.
Simulate
Park
Hold
Post
Identify the steps performed during the general ledger closing operations for the fiscal year. There are 3 correct answers to this question.
Accruals are carried out.
Vendor invoices are posted.
Foreign currency documents are valuated.
The balance carry forward program is run.
Which deployment option do you recommend to customers who want to always be on the latest release of SAP S/4HANA?
SAP S/4HANA on-premise
SAP S/4HANA with Central Finance
SAP S/4HANA Cloud
SAP S/4HANA Finance
Identify the three types of tolerances in accounting. There are 3 correct answers to this question.
Special account tolerance groups
G/L account tolerance groups
Customer/vendor tolerance groups
Employee tolerance groups
What must you do to create new validations and substitutions? There are 2 correct answers to this question.
Define the area of application
Deactivate all former validations and substitutions
Select the relevant call-up point
Choose the chart of accounts
What does the document splitting do?
It enriches all revenue account lines with the defined splitting characteristics.
It enriches all profit and loss account lines with the defined splitting characteristics.
It enriches all secondary cost element account lines with the defined splitting characteristics.
It enriches all relevant balance sheet account lines with the defined splitting characteristics.
The government announces that it plans to change the basic VAT tax percentage from 20% to 18%. What do you have to do in the system to comply?
Change the tax percentage for input and output tax codes to 18%.
Change the tax percentage for existing input tax codes to 18%.
Create new tax codes with the 18% percentage for input tax.
Create new tax codes with the 18% percentage for input and output tax.
In your SAP S/4HANA system, you report financial values for three separate accounting principles. You post an acquisition for an asset that is capitalized in a single accounting principle. If you use the application to post integrated asset acquisitions, how many documents will the system post?
4
1
3
2
In Asset Accounting, which object do you use to handle separate valuation for parallel accounting?
Depreciation area
Chart of depreciation
Valuation area
Depreciation key
You are posting an incoming payment against an invoice. Which document values does the user tolerance group control? There are 2 correct answers to this question.
The cash discount percentage allowed for the complete document
The cash discount amount (absolute value) allowed for a line item
The payment amount allowed for each customer open item
The total amount (sum of all line items) allowed to be posted
What is the maximum number of steps possible in validation?
199
99
566
999
To reduce the load on the system, what should you do with the older documents that exist in the database?
Archive and delete
Extract and delete
Backup and delete
Delete
Which field status has the lowest priority (G/L accounts)?
Hide
Required entry
Display
Optional entry
Your customer wants to use data aging for the universal journal. Which criteria can you use to decide which data is moved to the historical partition? There are 2 correct answers to this question.
Company code
Ledger
Account type
Document type
Which statements best describe extension ledgers in SAP S/4HANA? There are 2 correct answers to this question.
Multiple extension ledgers can point to the same underlying ledger.
Extension ledgers can have different currencies than the underlying ledger.
Extension ledgers can be assigned their own posting period variant.
Extension ledgers can be assigned their own fiscal year variant.
What do you define when configuring asset classes? There are 3 correct answers to this question.
Account determination
Screen layout rules
Number ranges
Financial statement version
Posting keys
You are running an international business and you want to set up separate legal entities to run operations and perform accounting activities. Which organizational unit do you need to create for each legal entity?
Company code
Controlling area
Segment
Company
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