What is the purpose of period interval 3 when you define open and closed periods?
Please choose the correct answer A. It is used for period lock in special purpose ledger. B. It is used for special period posting C. It is used for the authorization object for posting periods. D. It is used for posting from CO to FI.
You are configuring depreciation areas in Asset Accounting. Which of the following settings is NOT permitted?
Please choose the correct answer. A. Area posts depreciation only B. Area posts in real time C. Area does not post D. Area posts revaluation only.
You are configuring accrual types for the accrual engine. For which postings is account determination required?
There are 2 correct answers to this question A. Periodic only B. Opening and Closing Posting only C. Opening Posting only D. Closing Posting only.
The variant principle is used in SAP S/4HANA to assign particular properties to one or more objects. How many steps does the variant principle have?
Please choose the correct answer. A. 1 B. 3 C. 5 D. 4.
Which is the most flexible SAP S/4HANA Cloud solution for customers?
Please choose the correct answer. A. Public option B. Community option C. Hybrid option D. Private option.
For which special G/L indicator do you specify a target special G/L indicator?
Please choose the correct answer. A. Bill of exchange B. Customer down payment
C. Guarantee given
D. Vendor down payment request.
How can you perform transfers of assets between company codes with different charts of depreciation?
Please choose the correct answer. A. Enter depreciation area mapping during intercompany transfer posting. B. Correct depreciation area assignment in the asset master record after posting. C. Assign the group chart of depreciation to the relevant fixed assets. D. Configure the cross-company depreciation areas in customizing.
Which statements best describe a chart of depreciation?
There are 2 correct answers to this question. A. A chart of depreciation is mandated by a country's statutory requirement and should be adopted as is. B. A chart of depreciation is a country-specific object that is delivered with SAP S/4HANA. C. A chart of depreciation contains multiple depreciation areas with a provision for addition and deletion of depreciation areas. D. A chart of depreciation is company-code-specific; therefore, two company codes CANNOT use the same chart of depreciation.
You are asked to explain the assets under construction functionality in SAP S/4HANA. What should you highlight?
There are 2 correct answers to this question. A. It is possible to post special tax depreciation and investment support for assets under construction. B. It is possible to calculate and post depreciation in the balance sheet depreciation area for assets under construction. C. It is possible to post credit memos, even after assets under construction are fully capitalized. D. It is impossible to use assets under construction with Investment Management.
What is the purpose of the group account number in General Ledger account master data maintenance? A. It determines the fields in the entry screen when you create or update a master record in the company code B. It defaults the number interval that is applied for the G/L account number in the company code. C. it is used for cross-company-code reporting if the company codes use different charts of account. D. It acts as the key to identify the balance sheet and profit-and-loss accounts in the financial statement version.
Which business partner categories are available to manage relationships?
Note: There are 2 correct answers to this question. A. Bank B. Customer C. Person D. Organization.
How does the SAP HANA architecture improve SAP S/4HANA system performance?
Please choose the correct answer A. SAP HANA makes extensive use of database indexes providing common access paths to data in order to improve access speed.
B. SAP HANA organizes data in line item tables and can aggregate data from these line item tables at runtime. C. 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. D. SAP HANA uses a structured hierarchical data model with a multitude of lean prebuilt aggregated tables to write efficient code.
Which closing activities are used in external reporting as per SAP best practices?
There are 2 correct answers to this question. A. Perform valuations of open items in foreign currency. B. Execute the plan cost center assessment cycle. C. Update product cost estimates. D. Reclassify receivables and payables.
In which items of a financial statement version can you find values related to accounts for sales
deductions and material expenses? A. Sales deductions in liabilities item material expenses in loss item B. Sales deductions in loss item C. Sales deductions in loss item Material expenses in loss item D. Sales deductions in assets item Material expenses in loss item.
Which of the following tolerance groups should every company code always have? A. Named B. Special C. Defined D. Blank.
Which of the following activities does the system perform during the payment run? Choose the correct answers. ( 3 ) A. The system makes postings to the G/L and AP/AR subledgers
B. The system exports a list of documents to be paid. C. The system supplies the print programs with necessary data. . The system clears open items.
Which closing activities are used in external reporting as per SAP best practices?
Note: There are 2 correct answers to this question. A. Reclassify receivables and payables B. Update product cost estimates. C. Execute the plan cost center assessment cycle. D. Perform valuations of open items in foreign currency.
What are some of the benefits of SAP S/4HANA? Note: There are 2 correct answers to this question. A. The data is available in real time at line item detail B. The data is aggregated on the fly from any line item table C. The data is analyzed after it is extracted and loaded in the reporting system
D. The data is summarized into higher levels of aggregates to help system performance.
In Asset Accounting, which object do you use to handle separate valuation for parallel accounting? Please choose the correct answer. A. Chart of depreciation B. Depreciation key C. Valuation area D. Depreciation area.
Which of the following are the steps of Intercompany reconciliation? Choose the correct answers. 3 A. Document selection and data storage B. Automatic presentation of reconciled and non-reconciled data C. Automatic assignment of documents
D. Manual reconciliation and communication.
When you post a manual incoming payment, which parameters are valid for all payment documents? Note:
There are 2 correct answers to this question. A. Bank account B. Residual item C. Journal entry type
D. Tolerance group.
You need to enter a percentage rate in the terms of payment to calculate_ . Choose the correct answer. A. Credit amount B. Debit amount C. Invoice discount D. Cash discount.
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