SAP Finance Module
Master the SAP Finance Module
Test your knowledge and expertise in the SAP Finance Module with this comprehensive quiz. Designed for finance professionals and SAP enthusiasts, this quiz covers various aspects of the module, ensuring a thorough understanding of its fun
- Evaluate your skills with challenging questions.
- Gain insights into important SAP finance concepts.
- Benchmark your knowledge against peers.
What do you define when you create a new document type? (2 correct answers)
Reasons for reversal
Number range for the document type
Account types allowed for posting
Posting keys for the document type
You forgot to add a new general ledger account into the financial statement version. What impact does this have on the net profit and net loss?
Payment notices
Invoices
Bill of exchange charges statements
Dunning letters
You can use Boolean logic to define different types of logical statements. Determine whether this statement is true or false.
TRUE
FALSE
On which levels can you activate document splitting? There are 2 correct answers to this question.
Company code level
Client level
Document type level
Ledger level
Which elements define the integration of asset acquisitions to the general ledger? There are 2 correct answers to this question.
Depreciation keys
Asset class
Depreciation area
Valuation area
You are a group cash manager interested in the North American business market. What are the personalization options available to you in SAP Fiori? There are 2 correct answers to this question.
You can create access to relevant apps for the North American accounts payable group that reports to you.
You can create an app to take you directly to the cash position of the North American business market.
You can adapt the Iaunchpad color theme according to predefined values for the cash report.
You can create a tile group with all the apps required for your daily business for easy access.
What is the purpose of the group account number in General Ledger account master data maintenance?
It is used for cross-company-code reporting if the company codes use different charts of account.
It determines the fields in the entry screen when you create or update a master record in the company code
It acts as the key to identify the balance sheet and profit-and-loss accounts in the financial statement version.
It defaults the number interval that is applied for the G/L account number in the company code.
Which activities can you perform with a recurring journal entry? There are 2 correct answers to this question.
Set rules to distribute amounts to be posted.
Create monthly postings on any date of a month.
Determine the number of postings.
Obtain an overview of related future postings.
How does SAP S/4HANA reduce system complexity and improve system efficiency? There are 2 correct answers to this question.
By removing views of data at runtime from the same source tables
By providing views of data at runtime from the same source tables
By providing application code that deals with aggregates and indexes
By removing application code that deals with aggregates and indexes
If there is no entry or if a runtime value is empty, the system uses a minimum runtime of 999 days. Determine whether this statement is true or false.
TRUE
FALSE
What must you do when you set up depreciation areas? Please choose the correct answer.
Define the valid depreciation keys for each depredation area.
Assign an accounting principle for each depreciation area.
Assign leading depreciation area 01 to leading ledger OL.
Define the relevant asset classes for each depreciation area
On which levels can you maintain field status controls for business partners (BP)? There are 3 correct answers to this question.
Client
Company code
BP category
BP role
BP type
Which of the following statements are correct? There are 2 correct answers to this question.
The same workflow variant can be assigned to several company codes.
A task can be assigned only one possible processor.
A company code can be assigned several workflow variants.
It is possible to design multilevel workflow sequences.
You are asked to explain the assets under construction fun
It is impossible to use assets under construction with Investment Management.
It is possible to calculate and post depreciation in the balance sheet depreciation area 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.
You want to configure the tax calculation procedures. What are the main elements you need to define? There are 3 correct answers to this question.
Account or transaction key
Country key
Sequence of steps
Condition type
Tax code
Which of the following are SAP Fiori design principles? There are 2 correct answers to this question.
Rational
Role-based
Routine
Responsive
Which tasks are stages of dunning execution? There are 2 correct answers to this question.
Maintain the dunning levels.
Schedule the dunning run.
Maintain the dunning parameters.
Schedule the dunning intervals.
What are the characteristics of a company in SAP S/4HANA? There are 2 correct answers to this question.
It is responsible for costs and revenues within an organization.
It is considered for consolidation.
It can be assigned to a company code.
It represents separate areas of operation within an organization.
What information is updated on the invoice when you post a complete payment? There are 2 correct answers to this question.
Clearing date
Clearing bank
Clearing document number
Clearing reason code
Which entries do you define when maintaining a G/L account? There are 3 correct answers to this question.
Account group
Account Type
Field status group
Ledger assignment
Profit center
What information is provided when you execute the balance audit trail?
A comparison of general ledger account balances across ledgers
A list of changes of maintained sensitive fields in general ledger accounts
The open account balances for customer accounts and supplier accounts
The starting balance and the yearly changes to the balance of a general ledger account
Which data can you edit in the payment proposal? There are 3 correct answers to this question.
Payee
Payment block
Cash discount
Invoice amount
House bank
How do you identify an asset as an asset under construction?
The ordinary depreciation start date is empty.
The asset is assigned to NO depreciation area.
The asset capitalization date is empty.
The asset belongs to a specific asset class.
Other
Please Specify:
Data in the SAP HANA database is stored in which two ways? There are 2 correct answers to this question.
Row
Column
Random
Vector
Which of the following tolerance groups should every company code always have?
Defined
Blank
Named
Special
Which currency valuation program is replaced by FAGL_FCV?
SAPF130K
FAGL_FC_VALUATION
SAPF100
FAGL_VALUATION
What is the first step in the reconciliation process?
Present reconciled and non-reconciled data
Communicate differences
Collect data from different companies
Which of the following options are included in the Asset Explorer? There are 3 correct answers to this question.
Display depreciation calculation.
Post documents.
Drill down to Financial Accounting (FI) document.
Drill down to reports.
Your customer wants the document numbers for two separate document types to share the same number range. How can you achieve this?
Enter the same document number range in the customizing definition of both document types.
Create two external number ranges with the same range and assign one to each of the relevant document types.
Create a substitution rule that updates the document number based on the range you assign in the rule definition.
Create two internal number ranges with the same range and assign one each to the relevant document types.
What type of architecture does SAP Business Workflow use?
Two-tier
Single-tier
Three-tier
Four-tier
You forgot to add a new general ledger account into the financial statement version. What impact does this have on the net profit and net loss?
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.
Which fields can you edit before posting a parked document? There are 3 correct answers to this question.
Amount
Posting date
Currency
Account
Document type
Other
Please Specify:
What is the purpose of period interval 3 when you define open and closed periods? Please choose the correct answer.
It is used for period lock in special purpose ledger.
It is used for posting from CO to FI.
It is used for special period posting.
It is used for the authorization object for posting periods.
When you post a manual incoming payment, which parameters are valid for all payment documents? There are 2 correct answers to this question.
Journal entry type
Tolerance group
Residual item
Bank account
What are some of the personalization options available to users in their SAP Fiori launchpad environment? There are 3 correct answers to this question.
Users can remove devices that they do NOT use.
Users can add new devices from the catalog assigned to them.
Users can add applications for filtered report results.
Users can add applications from the catalog assigned to them.
Users can remove applications that they do NOT use.
In which step of the SAP Financial Closing Cockpit configuration do you define parameters settings for variables of program variants?
Dependency definition
Template creation
Task list release
Task list creation
On which database is SAP S/4HANA built to run?
On all modern enterprise level databases
On a select list of SAP and third-party databases
On all databases that support columnar data storage
Only on SAP HANA
Which of the following retirement types is referred to as scrapping?
Partial retirement without revenue and without customer
Complete integrated asset retirement
Complete retirement with revenue but without customer
Unplanned depreciation of remaining value
What is the format of a company code key?
Four-digit alphanumeric
Six-digit alphanumeric
Two-digit alphanumeric
Eight-digit alphanumeric
Which statements best describe a chart of depreciation? There are 2 correct answers to this question.
A chart of depreciation is a country-specific object that is delivered with SAP S/4HANA.
A chart of depreciation contains multiple depreciation areas with a provision for addition and deletion of depreciation areas.
A chart of depreciation is company-code-specific; therefore, two company codes CANNOT use the same chart of depreciation.
Which of the following steps do you typically perform when executing the payment run with the automatic payment program? There are 2 correct answers to this question.
Maintain open item selection parameters.
Review the payment proposal exception list.
Rank bank accounts for payment.
Define maximum amounts to be paid per supplier.
What are some features of SAP HANA? There are 2 correct answers to this question.
SAP HANA allows transactional and analytical processing off the same tables.
SAP HANA is built on a hierarchical data model architecture.
SAP HANA is optimized to work with aggregates and index tables.
SAP HANA is optimized to organize data using column stores.
Which SAP Fiori app type provides essential information about system master data and offers links for navigating between related objects?
Configuration
Analytical
Transactional
Fact sheet
What are the features of the Accrual Engine in SAP S/4HANA? There are 2 correct answers to this question.
The FI reversal is NOT supported.
The fiscal year variant of the general ledger is supported.
Complex postings with more than two line items are NOT possible.
All currencies of general ledger are supported.
Which of the following are the steps of Intercompany reconciliation? There are 3 correct answers to this question.
Document selection and data storage
Automatic presentation of reconciled and non-reconciled data
Manual reconciliation and communication
Automatic assignment of documents
Which of the following parameters are controlled by the screen layout? There are 3 correct answers to this question.
Reference
Maintenance level
Field selection
Number range
Which closing activities are used in external reporting as per SAP best practices? There are 2 correct answers to this question.
Execute the plan cost center assessment cycle.
Update product cost estimates.
Perform valuations of open items in foreign currency.
Reclassify receivables and payables.
The usage of which of the following depreciation types can be activated per depreciation area? There are 3 correct answers to this question.
Ordinary depreciation
Special depreciation
Scheduled depreciation
Unplanned depreciation
Identify the reasons for archiving data. There are 3 correct answers to this question.
Improving response times and ensuring good response times.
Lowering the effort involved in database administration.
Reducing the system downtime when carrying out software upgrades, recoveries, and (offline) database backups.
Using data as a backup.
Which two reports should you use to create correspondence to and from customers and vendors to enable you to verify the balance of receivables and payables? There are 2 correct answers to this question.
SAPF130E
SAPF130K
SAPF130D
SAPF130L
Which deployment options exist for SAP S4HANA? There are 3 correct answers to this question.
Central hub deployment
Agile deployment
On-premise deployment
Cloud deployment
Hybrid deployment
What is the difference between the ledger approach and the accounts approach to parallel valuation in Asset Accounting?
In the ledger approach, you assign a ledger group to every depreciation area, unlike the accounts approach.
In the ledger approach, you maintain additional depreciation areas to post the delta valuation of each accounting principle, unlike the accounts approach.
In the accounts approach, you assign a completely separate set of accounts for each accounting principle, unlike the ledger approach.
In the accounts approach, you define a technical clearing account for integrated asset acquisitions, unlike the ledger approach.
For which of the following transactions can you use noted items?
Late payment
Customer payment
Vendor payment
Down payment request
A message can contain up to six fields. Determine whether this statement is true or false.
FALSE
TRUE
Identify the callup points that have been provided for Financial Accounting (FI). There are 3 correct answers to this question.
Complete Document
Controlling area
Organizational unit
Document header
Document line
Which sequence of steps allows a three-way match in procurement transactions?
Purchase requisition, goods receipt, invoice receipt
Purchase requisition, purchase order, goods receipt
Purchase order, purchase requisition, invoice receipt
Purchase order, invoice receipt, goods receipt
Which information is checked by the system before a general ledger account k archived?
The Mark for Deletion indicator is set in master data
The Blocked for Posting indicator is set in master data.
The assigned group account is already archived.
The Open item Management indicator is set in master data
What dunning-related data do you maintain on the business partner master record? There are 3 correct answers to this question.
Dunning area
Dunning block
Dunning procedure
Dunning key
Dunning interval
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? There are 3 correct answers to this question.
Value date
Posting date
Goods receipt date
Entry date
Document date
What kind of customization can users do on their launchpad? There are 2 correct answers to this question.
Change the icons on tiles.
Change the names of tiles.
Change the name of tile groups
Create their own tile groups.
Which of the following standard currency types can you set in customizing activity "define setting for ledgers and currency type"? There are 2 correct answers to this question.
Local Currency
Material Ledger Currency
Group Currency
Transaction Currency
What are the results when you post an outgoing partial payment? There are 2 correct answers to this question.
A payment block is set on the invoice.
A payment is created with reference to the invoice.
The initial invoice is cleared.
The initial invoice remains open.
Which of the following parameters can you define within a dunning procedure? There are 2 correct answers to this question.
Company code
Line item grace period
Number of dunning levels
Line item total period
In which of the following segments of a customer or vendor master record can you enter the terms of payment? There are 3 correct answers to this question.
Sales area segment
Client level segment
Company code segment
Purchasing organization segment
At which level do you assign the print program to the correspondence type?
At client level only
At company code level only
At client or company code level
At system level
Where do you indicate that the useful life of the asset sub-number is identical to the useful life of the main asset?
In the screen layout of the asset master record
In the account determination of the asset class
In the screen layout of the depreciation area
In the asset master record of the main asset
Which prerequisite must be met by the technical clearing account for integrated asset acquisition?
The account is a reconciliation balance sheet account for fixed assets.
The account is created for all active company codes of the client.
The account is assigned in the asset account determination for each valid depredation area.
The account is a profit-and-loss account that must be open item managed.
What happens to the transaction figures when you post a normal reversal posting?
They are reset.
They are deleted
They are increased.
They are cleared.
You want to post journal entries in a special period. Which conditions must be met? There are 2 correct answers to this question.
You must have specific authorization to post in special periods.
The balance carry-forward to the new fiscal year must have taken place.
You must enter a posting date in the last posting period.
The special period must be open for posting in the period control.
True or False: Choosing between SAP S/4HANA and SAP S/4HANA Cloud is also a matter of required scope.
TRUE
FALSE
Which of the following types of tasks are available in the Financial Closing Cockpit application? There are 3 correct answers to this question.
Remote tasks
Flow definition
Online transactions
Task list template
On what basis does the system determine the period for the asset retirement?
Net book value
Asset value date (asset retirement date)
You are responsible for implementing Asset Accounting. You are provided with the legacy data of various assets and their grouping information based on category, life, and depreciation terms. What configuration step would you initiate to maintain these categories in SAP S/4HANA?
Configure depreciation keys and calculation keys.
Define asset classes and maintain their attributes.
Copy the chart of depreciation and maintain depreciation areas.
Define general ledger accounts per each category of legacy asset.
True or False: The only version of the public cloud edition of SAP S/4HANA a customer can be on is the latest released version.
FALSE
TRUE
Which of the following activities does the system perform during the payment run? There are 3 correct answers to this question.
The system exports a list of documents to be paid.
The system clears open items.
The system supplies the print programs with necessary data.
The system makes postings to the G/L and AP/AR subledgers.
Identify the fields that cannot be changed while changing parked documents. There are 3 correct answers to this question.
Account assignment objects
Document type or document number
Currency
Company code
Which items can you clear with the automatic clearing program?
Noted items
Bank transaction items
Statistical postings
Items with withholding tax entries
What does the year-end closing program in Asset Accounting do? There are 3 correct answers to this question.
It blocks all postings to Asset Accounting for the closed fiscal years.
It settles all assets under construction with values and maintained settlement rules.
It checks whether the depreciation is posted completely for the fiscal year.
It posts all remaining depredation and imputed interest.
It indicates if any of the created asset master records contain errors or are incomplete.
Within the line items of FI documents, what does the posting key control? There are 3 correct answers to this question.
The account type to which the line item can be posted
Whether the item is posted as a debit or credit
The account group to which the line item can be posted
Whether the item is posted with reference to primary or secondary cost element
The field status of additional details
There are four dunning program steps that can be performed during the automatic dunning procedure as follows: Arrange these steps into the correct sequence. There are 3 correct answers to this question.
Start the dunning printout.
Maintain the parameters.
Change the dunning proposal.
Schedule the dunning run.
Which of the following components make up an archiving object? There are 3 correct answers to this question.
Customizing settings
Programs
Variables
Data declaration part
Which business scenarios can be handled with accrual and deferral postings?
Monthly rent payments for an office building
One-time payment for fixing flooding damage
One-time payment for one-year cloud storage service
Monthly subscription to a financial newspaper
Which of the following fields can be changed in the document header? There are 2 correct answers to this question.
Document header text
Document date
Currency exchange rate
Reference number
What sort of special general ledger types exist? There are 3 correct answers to this question.
Free offsetting entries
Other types
Automatic offsetting entries (statistical)
Noted items
Final payments
When you create multiple similar asset master records, which of the following fields allow you to make separate entries for each individual asset? There are 3 correct answers to this question.
Description of the asset
Cost center
License plate number
Inventory number
Your customer uses a posting period variant with special periods, and you need to allow specific users to post in these specials periods. What do you assign in the posting period variant?
An authorization group to period intervals 2 and 3
An authorization group to period intervals 1 and 2
An authorization group to period interval 1
An authorization group to period interval 2
What technology did SAP leverage to eliminate aggregate tables from the SAP S/4HANA system while maintaining compatibility with many legacy programs?
Indices
Data aging
Columnar store
Compatibility views
What does the document type control? There are 2 correct answers to this question.
Which account types are allowed for postings
Whether negative postings are permitted
Which posting keys are allowed for postings
Whether exchange rate difference is permitted
Which prerequisites must be fulfilled to allow for negative postings of journal entries? There are 2 correct answers to this question
The reversal accounts must be configured to allow negative postings.
The company code must allow negative postings.
The reversal reason must be configured to allow negative postings.
The posting key must allow negative postings.
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 to ensure the inventory number is NOT copied over when you create a new asset via copy?
Remove the main asset indicator in screen layout maintenance.
Remove the reference indicator in screen layout maintenance.
Remove the subnumber indicator in screen layout maintenance.
Remove the asset class indicator in screen layout maintenance.
Which of the following procedures are available to check the balance of receivables and payables in balance confirmations? There are 3 correct answers to this question.
Balance notification
Balance adjustment
Balance request
Balance confirmation
What dunning-related data do you maintain on the business partner master record? There are 3 correct answers to this question.
Dunning interval
Dunning area
Dunning block
Dunning key
Dunning procedure
During the archiving procedure, if the application generates a specific log, it is used; otherwise, you need to manually create a log. Determine whether this statement is true or false.
True
False
What should you check if the balance of the GR/IR account is not zero at the purchase order item level on the balance sheet key date? There are 2 correct answers to this question.
Check to see if the goods were delivered by the key date, but have not yet been invoiced.
Check to see if the goods were ordered by the key date, but have not been received.
Check to see if the goods were invoiced by the key date, but have not yet been delivered.
Check to see if the goods were produced by the key date, but have not been invoiced.
What settings can you define specifically for an asset class? There are 3 correct answers to this question.
Account determination key
Synchronization rules for asset and equipment
Asset under construction category
Maximum amount for low-value assets
Default transaction type for asset posting
On which levels do you maintain data for an integrated customer account? There are 3 correct answers to this question.
Profitability segment
Company code
Purchasing organization
General data at the client level
Sales area
Which of the following product lines does the SAP S/4HANA system rely on for most human resource management fun
SAP Hybris
SAP Ariba
SAP SuccessFactors
Concur
Which of the following control data is carried by asset classes? There are 3 correct answers to this question.
Screen layout
Insurance type
Account determination
Number range interval
Which prerequisite must be met by the technical clearing account for integrated asset acquisition?
The account is a profit-and-loss account that must be open item managed.
The account is assigned in the asset account determination for each valid depredation area.
The account is a reconciliation balance sheet account for fixed assets.
The account is created for all active company codes of the client.
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? There are 2 correct answers to this question.
Number range and document types must be maintained.
Posting period variant must be created and assigned.
Line item text templates must be maintained.
Tax types and tax codes must be maintained.
You forgot to add a new general ledger account into the financial statement version. What impact does this have on the net profit and net loss?
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 notes in the financial statement item section and is included in the calculation.
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 excluded from the calculation.
True or False: Anyone with an appropriate user name and password can log on to the SAP Fiori launchpad through a web browser.
True
False
The deletion flag is one of the requirements that the system checks before archiving the master data. Determine whether this statement is true or false.
True
False
What data do you maintain in the chart of accounts sections of a General Ledger account?
Reconciliation data
Consolidation data
User data
Authorization data
Your SAP S/4HANA system is integrated with controlling. You perform cost of sales accounting, and you report your profit and loss per profit center. When posting a supplier invoice to a primary cost account, which field is mandatory by standard procedures?
Segment
Business Area
Functional Area
Cost Center
True or False: In an environment of systems using SAP HANA, you can perform both OLAP and OLTP processing without duplication of the data for the SAP BW and SAP ERP systems.
True
False
You need to enter a percentage rate in the terms of payment to calculate _____
Debit amount
Cash discount
Invoice discount
Credit amount
When can you set the open item management indicator in a general ledger account? There are 2 correct answers to this question.
When an account has a zero balance
When an account is used as a reconciliation account
When an account is set up as a cost element
When an account is required for clearing
On which organization unit level do you define a chart of depreciation?
Client
Chart of accounts
Company code
Asset class
Your customer wants to start using SAP S/4HANA line-of-business solutions. Which of these solutions help you run human resource management processes? There are 2 correct answers to this question.
SAP Hybris
SAP Success Factors
SAP Concur
SAP Fieldglass
Which General Ledger account type do you select to perform activity cost allocations?
Secondary costs
Balance sheet
Non-operating expense or income
Primary costs or revenue
Which program is used to enter accruals and deferrals regularly?
Ledger grouping
Compact document journal
Recurring entry program
Devising program
What are the benefits of public cloud deployments of SAP S/4HANA? There are 2 correct answers to this question.
One-time license investment
Increased customizing flexibility
IT cost savings
Always up to date
Which of the following are the different history sheet groups that each version of asset history sheets can contain? There are 3 correct answers to this question.
Reposting
Imputed interest
Acquisitions
Book values at the end of the fiscal year
What is controlled by the terms of payment? There are 3 correct answers to this question.
Setting for net procedure
Determination of the baseline date
Account for cash discount received
Allowed account type
Default payment method
Which SAP technological product provides the platform required for SAP to support the digital transformation of an organization?
SAP HANA
SAP CRM
SAP Fiori
SAP NetWeaver
At what level is the bank master data stored in SAP S/4HANA?
At client level
At controlling area level
At company level
At company code level
Document splitting is active in your company code. The splitting characteristic is the profit center. All accounts are assigned. You post a vendor invoice with a single expense that are all assigned to different profit Centers. The expense is changed with10% VAT. How many line items are created in the Entry view and how many are created in the General Ledger view?
Entry view: 5 General Ledger view: 7
Entry view: 3 General Ledger view: 9
Entry view: 5 General Ledger view: 9
Entry view: 3 General Ledger view: 7
Which of the following logistic processes are involved in asset acquisition with materials management (MM)? There are 3 correct answers to this question.
Purchase order
Goods receipt
Purchase requisition
Inventory receipt
What are the pillars of the SAP Fiori user experience paradigm? There are 3 correct answers to this question.
Responsive
User-based
Role-based
Vibrant
Simple
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? There are 3 correct answers to this question.
Goods receipt date
Entry date
Value date
Posting date
Document date
Identify some of the checks for archiving G/L accounts (master data). There are 3 correct answers to this question.
Are there (still) documents?
Is the fiscal year closed?
Has a deletion indicator been set?
Are there (still) transaction figures (for example, have they already been archived)?
Which of the following segments contains the general data of a customer or vendor that can be accessed throughout the organization?
Account level
Company code
Organization level
Client level
For which type of account is the line item display generally active?
Vendor account
Special general ledger account
Reconciliation account
Customer account
What is the correct order of steps when you use the SAP I financial Closing Cockpit?
1. Create template 2. Create tasks 3. Create task list 4. Define dependencies 5. Release task list
1. Create tasks 2. Define dependencies 3. Create task list 4. Create template 5. Release task list
1. Create tasks 2. Define dependencies 3. Create template 4. Create task list 5. Release task list
1. Create template 2. Create tasks 3. Define dependencies 4. Create task list 5. Release task list
You want to edit a dunning proposal. Which actions can you perform to edit a dunning proposal? There are 3 correct answers to this question.
Lower the dunning level of an item.
Block a line item.
Block an account.
Change a document.
Change the dunning data of an account.
What is the recommended field status setting for fields in the customer-vendor account groups in the Financial Accounting customizing?
Optional
Hide
Display
Required
Which of the following can you use for multiple programs with variants that are to be processed automatically?
Task list template
Flow definition
Online transactions
Remote tasks
Where do you indicate that the useful life of the asset sub-number is identical to the useful life of the main asset?
In the screen layout of the asset master record
In the account determination of the asset class
In the screen layout of the depreciation area
In the asset master record of the main asset
Where can an SAP Fiori end user change the theme of their launchpad?
In the Tile Catalog area of the launchpad designer
In the Me area of the launchpad
In the Tile Group area of the launchpad designer
In the UI theme designer
In which application areas can you use validation? There are 2 correct answers to this question.
Cost Accounting
Profit Center Accounting
Asset Accounting
Materials Management
You are configuring accrual types for the accrual engine. For which postings is account determination required? There are 2 correct answers to this question.
Opening Posting only
Closing Posting only
Periodic only
Opening and Closing Posting only
How can you perform transfers of assets between company codes with different charts of depreciation?
Correct depreciation area assignment in the asset master record after posting.
Assign the group chart of depreciation to the relevant fixed assets.
Configure the cross-company depreciation areas in customizing.
Enter depreciation area mapping during intercompany transfer posting.
You configured Asset Accounting for your company code with three depreciation areas that post in real time and corresponding depreciation areas to track group currency values. When you post an external acquisition, how many documents are created?
3
6
1
4
Which of the following statements is correct for external number assignment (manual posting)?
The number must be assigned in a sequence.
The number is the last document number.
The number is automatically assigned.
The number is entered by the user.
Which of the following special G/L transactions are noted items? There are 2 correct answers to this question.
Down payment
Bill of exchange payment request
Guarantee of payment
Down payment request
In addition to the local and global currency in the universal journal, how many freely defined currencies can you assign per company code and ledger.
10
5
8
3
Which prerequisites must be fulfilled before you can use negative postings? There are 2 correct answers to this question.
The company code must permit negative postings.
The reversal reason must allow alternative posting dates.
The reversal reason must allow negative postings.
The posting key must permit negative posting.
What type of architecture does SAP Business Workflow use?
Three-tier
Four-tier
Single-tier
Two-tier
Which stage of the sales process creates documents for both Materials Management and Financial Accounting?
Billing
Shipping - delivery creation
Shipping - goods issue
Sales order creation
You have been asked to set up house banks as part of the implementation. What information do you need? There are 3 correct answers to this question.
Company code
Bank master data
Payment method
Supplier account
General ledger account
Which of the following information is entered in the chart of accounts segment of a G/L account? There are 3 correct answers to this question.
Control Fields
Consolidation Fields
Currency Fields
Account number
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?
Cost of sales accounting
Document header
Document line
Complete document
With the automatic clearing program, a user can clear open items for which of the following items? There are 2 correct answers to this question.
Special general ledger indicator
General ledger
Currency
Subledger accounts
What is the recommended organizational unit for cost-of-sales accounting?
Functional area
Sales area
Business area
Controlling area
When you post a payment for an invoice, how does the system derive the splitting characteristics?
Inheritance
Default assignment
Passive document splitting
Active document splitting
Which of the following statements are correct? There are 2 correct answers to this question.
The same workflow variant can be assigned to several company codes.
A task can be assigned only one possible processor.
It is possible to design multilevel workflow sequences.
A company code can be assigned several workflow variants.
Which dates can you use for tax calculation? There are 2 correct answers to this question.
Posting date
Due date
Entry date
Document date
Which of the following methods can be used to transfer Asset Accounting (FI-AA) legacy data? There are 3 correct answers to this question.
For a large to very large quantity of legacy data, use the legacy data transfer using a BAPI interface
For a small quantity of legacy data, use AS100.
For a very large quantity of legacy data, use the direct input procedure (program RAALTD11)
For a large quantity of legacy data, use batch input procedure (program RAALTD01)
For a manageable quantity of legacy data, use the manual transaction code AS91 and ABLDT
How does SAP S/4HANA support the treatment of taxes? There are 3 correct answers to this question.
It checks the tax codes and automatically updates the tax rates based on changes by the tax authorities.
It checks the tax amount entered and automatically calculates the tax.
It performs the adjustment to the tax codes and automatically updates the procedure.
It performs tax adjustments for cash discounts and other forms of deductions.
It posts the tax amount to tax accounts.
What do you need to do to configure a new exchange rate type in SAP S/4HANA? There are 2 correct answers to this question.
Specify the direct or indirect quotation.
Specify a purpose for the exchange rate type.
Maintain exchange rates daily.
Set up the relationship between currencies using translation ratios.
You use the ledger approach for parallel accounting in Asset Accounting. Depreciation area 01 is assigned to the leading ledger for an area 01 is assigned to the leading ledger for leading valuation and depreciation area 32 is assigned to the non-leading ledger for parallel valuation.
Area Does Not Post
Area Posts Depreciation Only
Area Posts APC Immediately, Depreciation Periodically
Area Posts in Real Time
Which parameter indicates that a line item can only be dunned with restrictions?
Dunning block reason
Dunning grouping
Dunning key
Dunning area
Identify the criteria that usually differentiate between document change rules. There are 2 correct answers to this question.
Asset class
Company code
Account type
Open items
Which of the following steps are parts of the process of configuring the payment program? There are 3 correct answers to this question.
Configure the paying company codes
Configure the house banks
Configure the G/L account field status for document entry
Configure the payment methods for each company code
Which of the following is an example of an automatic offsetting entry?
Bank posting of a received down payment
Down payment request
Posting of a guarantee of payment
Which of the following statements apply to the special general ledger types of noted items? There are 3 correct answers to this question.
No postings are made on an offsetting account.
Noted items are posted to an alternative reconciliation account.
No special general ledger indicators of your own can be created of this type.
No zero-balance check is made in the system.
The account for the offsetting entry is selected automatically.
What is the maximum dunning level that can be assigned to a dunning procedure?
1
7
9
11
Financial statement versions consist of a maximum of 10 hierarchy levels. Determine whether this statement is true or false.
True
False
It is common for companies to receive invoices for the previous fiscal year at the beginning of the new fiscal year. Which dates must have the same fiscal year in the document entry?
Document date and asset value date
Posting date and entry date.
Posting date and asset value date
Document date and posting date.
Which parameters can you specify when you create a new correspondence type? There are 3 correct answers to this question.
Document number required
Account required
Company code required
Number of date fields required
Reason code required
How does the system behave when an invoice is processed as a residual payment?
The original document and payment are cleared.
All documents remain in the account as open items.
The payment difference is posted to a different account
The payment difference is written off.
Which of the following are the month-end closing activities for external purposes?
Perform foreign currency valuations
Create external and internal reports
Post goods issues for deliveries to customers
Close the old period
Which data sections are part of every asset class? There are 2 correct answers to this question.
Depreciation data section
Valuation area data section
Master data section
Account determination data section
How many posting period intervals in SAP S/4HANA are used for postings of Financial Accounting (FI) and Controlling (CO)?
16
12
2
3
-What account types can you use to classify general ledger accounts in SAP S/4HANA? There are 3 correct answers to this question.
Balance sheet
Non-operating expense or income
Secondary costs
Reconciliation accounts
Field status group
What settings can you define specifically for an asset class? There are 3 correct answers to this question.
Account determination key
Synchronization rules for asset and equipment
Default transaction type for asset posting
Maximum amount for low-value assets
Asset under construction category
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. How can you set this up in the system?
Define a valuation area and extension ledger to link with the new valuation area.
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 a valuation area and ledger group for two ledgers to link with the new valuation area.
Which of the following steps do you typically perform when executing the payment run with the automatic payment program? There are 2 correct answers to this question.
Define maximum amounts to be paid per supplier.
Review the payment proposal exception list.
Rank bank accounts for payment.
Maintain open item selection parameters.
You have a debit amount of 50 and credit amount of 80 as balance on an account. This account is assigned to the assets side in a financial statement version, with the debit indicator and the credit. How is this shown on the balance sheet?
The balance is shown on the assets side.
The balance is shown on the liabilities side.
0 is shown on the assets side and 30 is shown on the liabilities side.
50 is shown on the liabilities side and 80 is shown on the assets side.
A customer payment was received. An open item does NOT exist for the payment. How can you post the payment?
Post partial payment
Create a down payment
Post payment on account
Create a residual item
Which standard currency types must be used when configuring the currency settings for company codes? There are 2 correct answers to this question.
Company code currency
Document currency
Controlling area currency
Group currency
Which of the following currency types can you set in customizing activity "define setting for ledgers and currency type"? There are 2 correct answers to this question.
Group currency
Local currency
Material ledger currency
Transaction currency
What are the two phases of AuC that are relevant to Asset Accounting? There are 2 correct answers to this question.
Useful life phase
Assets transfer phase
Accounting phase
Under-construction phase
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 in this account?
You can only post to the account in CAD.
You can only post to the account in USD.
You can only post to the account in CAD, USD, and EUR.
You can only post to the account in CAD and USD.
In which object do you define which SAP Fiori apps a user can use?
Fiori tile group
Fiori app library
Fiori tile catalog
Fiori default values
Which functions allow you to temporarily save the entered data? There are 2 correct answers to this question.
Insert function
Hold function
Parking function
Save function
What are the maintenance levels of a screen layout rule for asset classes?
Asset class, main asset number, subnumber
Main asset number, subnumber, depreciation area
Depreciation area, asset class, main asset number, subnumber
Asset class, depreciation area, main asset number, group asset
What types of data are maintained for a house bank? There are 2 correct answers to this question.
Overdraft limit
Data medium exchange (DME) details
General Ledger account
Payment signatories
What object determines the number range for business partner master data?
Business partner role
Business partner category
Business partner grouping
Business partner type
Which of the following are standard correspondence types? There are 3 correct answers to this question.
Document journal
Payment notice
Open items list
Account statement
Payment proposal
Your customer wants the values for a special group of assets to be shown separately in the general ledger. Which objects do you create in Customizing for Asset Accounting? There are 2 correct answers to this question.
Financial statement version
Asset class
Depreciation area
Account determination key
You can compare text patterns in your statements using the keyword LIKE. Determine whether this statement is true or false.
True
False
Which field can you change on a posted invoice?
Special G/L indicator
Payment terms
Cost center
Tax code
How do you configure depreciation areas in SAP S/4HANA? There are 2 correct answers to this question.
Ensure each accounting principle is assigned to a depreciation area.
Assign a ledger group to each depreciation area.
Ensure depreciation areas always post to the general ledger.
Assign depreciation area 01 to the leading ledger.
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