Examen final - Nivel 2

A customer wants to analyze a G/L account, which is presenting asset acquisition value, on an investment order. What do you maintain in the G/L account master record to achieve this? There are 2 correct answers to this question. Set the G/L account type to Non-operating Expenses or income. Define the G/L account as an asset reconciliation account. Select the Record Account Assignment indicator. Enter value 90 in the cost element category field.

Which of the following special G/L transactions are noted items? There are 2 correct answers to this question. Guarantee of payment. Down payment. Down payment request. Bill of exchange payment request.

What are the reasons to perform regrouping of receivables and payables? There are 3 correct answers to this question. To group payables and receivables based on the due dates. To prioritize balance confirmation printing by postal code. To simplify and speed up dunning selection processing. To align amounts on accounts with changed reconciliation accounts. To display receivables and payables separately.

You are performing a system conversion for a customer that uses classic general ledger with the accounts approach. What must you configure in SAP S/4HANA for local and international accounting standards in order to migrate the account values? There are 3 correct answers to this question. Standard ledgers. Accounting principles. Valuation areas. Document types. Ledger groups.

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. The balance carry forward program is run. Foreign currency documents are valuated.

You have to map two accounting principles for accounting. Using the accounts approach to parallel valuation in SAP S/4HANA, which ledger must you use? Please choose the correct answer. Leading ledger. Special purpose ledger. Extension ledger. No ledger.

Which fields in the company code definition of a general ledger account are always required? There are 2 correct answers to this question. Account Currency. Group Account. Sort Key. Field Status Group.

Which of the following statements apply to the special general ledger types of noted items? There are 3 correct answers to this question. The account for the offsetting entry is selected automatically. No zero-balance check is made in the system. No postings are made on an offsetting account. No special general ledger indicators of your own can be created of this type. Noted items are posted to an alternative reconciliation account.

What account types can you use to classify general ledger accounts in SAP S/4HANA? There are 3 correct answers to this question. Secondary costs. Reconciliation accounts. Balance sheet. Non-operating expense or income. Field status group.

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 chart of accounts data. Change client level data. Change company code data. Change account descriptions.

Which of the following are the characteristics included in general ledger drilldown reports? There are 3 correct answers to this question. Company code. Business area. Total debit balance. Segment.

For which special G/L indicator do you specify a target special G/L indicator? Please choose the correct answer. Vendor down payment request. Bill of exchange. Guarantee given. Customer down payment.

In your SAP S/4HANA system, you want to archive the G/L accounts that are not used by the business in any company code. What are prerequisites to archiving all data of a G/L account? There are 3 correct answers to this question. The account is not used in any automatic account determination. There are no transaction figures for the account. Set the deletion flag in the chart of accounts data of the G/L account. Set the deletion flag in the company code data of the G/L account. Transaction figures are older than a customizable amount of years.

Which KPIs can you find on the accounts payables overview page? There are 2 correct answers to this question. Day sales outstanding. Collection effectiveness index. Aging analysis. Cash discount utilization.

Which of the following are the steps of Intercompany reconciliation? There are 3 correct answers to this question. Manual reconciliation and communication. Automatic presentation of reconciled and non-reconciled data. Document selection and data storage. Automatic assignment of documents.

What is the first step in the reconciliation process? Please choose the correct answer. Communicate differences. Collect data from different companies. Present reconciled and non-reconciled data.

In SAP S/4HANA, on which levels can you maintain open posting periods? There are 2 correct answers to this question. Posting period variant. Fiscal year variant. Segment. Controlling area.

Which business scenarios can be handled with accrual and deferral postings? Please choose the correct answer. Monthly subscription to a financial newspaper. One-time payment for fixing flooding damage. One-time payment for one-year cloud storage service. Monthly rent payments for an office building.

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. Whether the item is posted with reference to primary or secondary cost element. The account group to which the line item can be posted. The field status of additional details.

Which values can be posted to a specific ledger? There are 3 correct answers to this question. Taxes. Depreciation. Currency valuation. Payments. Accruals.

Identify the criteria that usually differentiate between document change rules. There are 2 correct answers to this question. Account type. Open items. Company code. Asset class.

Which of the following special G/L transactions are noted items? There are 2 correct answers to this question. Down payment request. Down payment. Bill of exchange payment request. Guarantee of payment.

What is the main differentiating factor of posting a manual accrual document compared to other manual transactions? Please choose the correct answer. Reversal reason. Transaction type. Document type. Reference field.

What can you enter in the header section of the Post Outgoing Payments app? There are 3 correct answers to this question. Discount amount. Value date. Bank fees. Payment terms. Customer.

Which of the following is an example of an automatic offsetting entry? Please choose the correct answer. Down payment request. Posting of a guarantee of payment. Bank posting of a received down payment.

The dunning run is made up of three main steps that happen in a particular sequence. What is the correct sequence of steps? Please choose the correct answer. Response: Account selection Item selection Dun line items. Account selection Dun line items Dun account. Item selection Dun line items Dun account. Item selection Dun account Dun line items.

Which of the following objects are relevant to the dunning program configuration? There are 3 correct answers to this question. Super confirmada. Minimum amounts. Dunning levels. Bank selection. Expenses or charges.

On what level do you assign dunning areas? Please choose the correct answer. Functional area. Company code. Client. Segment.

Which tasks are stages of dunning execution? There are 2 correct answers to this question. Super confirmada. Schedule the dunning intervals. Maintain the dunning levels. Schedule the dunning run. Maintain the dunning parameters.

Which of the following lists support the dunning clerk’s work? There are 3 correct answers to this question. The dunning list. The dunning history list. The blocked accounts list. The list of vendor balances in local currency.

Which of the following parameters can you define within a dunning procedure? There are 2 correct answers to this question. Super confirmda. Number of dunning levels. Line item grace period. Line item total period. Company code.

For which of the following transactions can you use noted items? Please choose the correct answer. Vendor payment. Customer payment. Down payment request. Late payment.

What does the year-end closing program in Asset Accounting do? There are 3 correct answers to this question. It checks whether the depreciation is posted completely for the fiscal year. It settles all assets under construction with values and maintained settlement rules. It posts all remaining depredation and imputed interest. It indicates if any of the created asset master records contain errors or are incomplete. It blocks all postings to Asset Accounting for the closed fiscal years.

In Asset Accounting, which object do you use to handle separate valuation for parallel accounting? Please choose the correct answer. Valuation area. Depreciation key. Chart of depreciation. Depreciation area.

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. Fully depreciated fixed asset master records. Closed year asset sale transactions. Current year asset acquisition transactions. Current year posted depreciation. Accumulated depreciation per cost center.

The usage of which of the following depreciation types can be activated per depreciation area? There are 3 correct answers to this question. Super confirmada. Special depreciation. Unplanned depreciation. Ordinary depreciation. Scheduled depreciation.

Which of the following methods does the depreciation key define? There are 3 correct answers to this question. Multilevel method. Period control method. Base method. Asset sheet valuation method.

What must you do when you set up depreciation areas? Please choose the correct answer. Define the relevant asset classes for each depreciation area. 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.

Which of the following parameters can be changed on a time-dependent basis? There are 3 correct answers to this question. Variable depreciation portion. Depreciation start date. Useful life (year or period). Depreciation key.

What can you assign in a depreciation area in SAP S/4HANA Finance asset accounting? Please choose the correct answer. A Clearing account. A Parallel ledger. A Ledger group. An accounting principle.

Which field in the business partner master can you configure so that the document reference is transferred to the line item? Please choose the correct answer. Reference. Sort Key. Line Item Text. Assignment.

You've negotiated payment terms that include three installment payments with your customer. How many terms of payment must you define? Please choose the correct answer. 2. 3. 4. 1.

Which stage of the sales process creates documents for both Materials Management and Financial Accounting? Please choose the correct answer. Sales order creation. Shipping - goods issue. Billing. Shipping - delivery creation.

In the payment method settings for the company code, what options do you have for payment optimization? There are 2 correct answers to this question. Optimization by discount. Optimization by bank group. Optimization by due date. Optimization by postal code.

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 total amount (sum of all line items) allowed to be posted. The payment amount allowed for each customer open item.

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. Task list template. Flow definition. Online transactions.

Which program is used to enter accruals and deferrals regularly? Please choose the correct answer. Compact document journal. Devising program. Recurring entry program. Ledger grouping.

What is required to enable the payment approval process in cash operations? There are 3 correct answers to this question. Define signature methods for approvals. Create scenario without approval. Define a grouping method for the rule you defined. Create rule to require signature. Create a rule for approvals.

What checks does the year-end closing program (RAJABSOO) perform? There are 2 correct answers to this question. Depreciation lists and the asset history sheet have been checked. Last fiscal year has been updated. Assets are complete and error-free. Depreciation and asset balances are posted in full.

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 indicates if any of the created asset master records contain errors or are incomplete. It posts all remaining depredation and imputed interest. It settles all assets under construction with values and maintained settlement rules. It checks whether the depreciation is posted completely for the fiscal year.

In which step of the SAP Financial Closing Cockpit configuration do you define parameters settings for variables of program variants? Please choose the correct answer. Task list creation. Dependency definition. Template creation. Task list release.

On which level is the document parking workflow variant assigned? Please choose the correct answer. Company. Profit center. Business partner. Company code.

How can you differentiate the document parking workflow process on the business partner level? Please choose the correct answer. Assign different workflow release group. Assign different business partner groupings. Assign different responsible organization unit. Assign different payment method.

What do you define in Customizing for the payment program? There are 3 correct answers to this question. Exchange rate type. Bank determination. Payment run ID. Allowed currencies. Forms for the payment media.

Which of the following assignments can be adjusted for the company code? There are 3 correct answers to this question. Chart of accounts. Leading ledger. Fiscal year variant. Company. Segment.

Your customer wants to convert their SAP ERP classic general ledger to SAP S/4HANA. What system configuration options are available for the customer within the convened system? There are 2 correct answers to this question. Implementation of chart of accounts conversion. Implementation of additional ledgers for parallel accounting. Implementation of document splitting. Implementation of additional currency type.

What are the steps in the Customizing of data archiving? There are 3 correct answers to this question. Perform cross-object Customizing. Perform object-specific Customizing. Define table partitions. Activate data aging objects. Define archiving storage locations.

You want to make the Reference Document Number field required for entry. Which object controls this setting? Please choose the correct answer. Document reference key. Document posting key. Document type. Document field status.

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. Simulation extension ledger. Valuation areas. Account determinations. Value adjustment keys. Accounting principles.

Which attributes should you consider when defining asset number ranges? There are 2 correct answers to this question. Asset number ranges are defined at chart of depreciation level. Each asset number range has to be assigned to a unique asset class. Asset number ranges are defined for asset classes and are company code specific. Each asset class can have either an internal or external number range.

What do you configure to allow cross-company-code transactions? There are 2 correct answers to this question. Account types. Posting keys. Clearing accounts. Special G/L indicator.

You need to make the line item text field mandatory during document entry. Which objects should you analyze to fulfill this request? There are 2 correct answers to this question. Document type. G/L account. Account group. Posting key.

Which configuration can you use to define separate payment terms for the same terms of payment key? Please choose the correct answer. Day limit. Company code. Installment payment. Country.

Which entries do you define when maintaining a G/L account? There are 3 correct answers to this question. Field status group. Ledger assignment. Account group. Profit center. Account Type.

For which of the following tasks must you always indicate manual task completion? Please choose the correct answer. Transactions. Programs. Notes. Flow definitions.

What must you do to create new validations and substitutions? There are 2 correct answers to this question. Select the relevant call-up point. Deactivate all former validations and substitutions. Define the area of application. Choose the chart of accounts.

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. Please choose the correct answer. 3. 5. 8. 10.

How many intervals are defined for the foreign currency valuation run ID per client? Please choose the correct answer. 1. 3. 2. 0.

What restriction apply when a new currency is introduced for productive company codes and ledgers? There are 2 correct answers to this question. New currency tields are NOT updated for existing data. Reconciliation for entities in asset accounting is NOT included. Calculated values are NOT added to the ACDOCA. Archived data CANNOT be enriched with the new currency.

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. Simulation extension ledger. Valuation areas. Account determinations. Value adjustment keys. Accounting principles.

To which object do you assign valuation methods? Please choose the correct answer. Valuation area. Valuation procedure. Account assignment. Accounting principle.

Which of the following organizational units are part of the enterprise structure of financial accounting? There are 3 correct answers to this question. Plant. Sales organization. Segment. Business area. Functional area.

What is the purpose of the reorganization of segments? There are 2 correct answers to this question. Enables segment reassignments. Enables merge of segments. Enables segment deletion. Enables segment derivation.

What is a reason for performing data archiving? Please choose the correct answer. To have fewer downtime cycles. To back up data on a separate drive. To control hardware requirements. To protect data from being lost.

In the trial balance report that is based on line items, how many fields can you select to report on? Please choose the correct answer. More than 500. Around 50. Fixed for 10. More than 100.

Which of the following is a difference between data aging and data archiving? Please choose the correct answer. Data aging frees up memory space. Data archiving removes data from the database. Data aging allows you to retrieve the aged data for analysis. Data archiving has advanced logging capabilities.

What are some features of SAP HANA? There are 2 correct answers to this question. SAP HANA is built on a hierarchical data model architecture. SAP HANA is optimized to work with aggregates and index tables. SAP HANA allows transactional and analytical processing off the same tables. SAP HANA is optimized to organize data using column stores.

Which deployment option do you recommend to customers who want to always be on the latest release of SAP S/4HANA? Please choose the correct answer. SAP S/4HANA with Central Finance. SAP S/4HANA on-premise. SAP S/4HANA Finance. SAP S/4HANA Cloud.

You are performing a system conversion for a customer that uses classic general ledger with the accounts approach. What must you configure in SAP S/4HANA for local and international accounting standards in order to migrate the account values? There are 3 correct answers to this question. Standard ledgers. Accounting principles. Valuation areas. Document types. Ledger groups.

The SAP HANA database relies on which of the following technologies for storing data? There are 3 correct answers to this question. Compression. In-memory. Columnar store. Aggregation. Indexing.

How does the SAP HANA architecture improve SAP S/4HANA system performance? Please choose the correct answer. 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.

Which of the following statements best describe how core data services (CDS) are developed? Please choose the correct answer. They are developed in the SAP HANA database layer by the IT user. They are developed in the ABAP layer of the SAP S/4HANA system by the Analytics end user. They are developed in the SAP HANA database layer by the Analytics key user. They are developed in the ABAP layer of the SAP S/4HANA system by the IT user.

Your customer wants to convert their SAP ERP classic general ledger to SAP S/4HANA. What system configuration options are available for the customer within the convened system? There are 2 correct answers to this question. Implementation of chart of accounts conversion. Implementation of additional ledgers for parallel accounting. Implementation of document splitting. Implementation of additional currency type.

Your customer doesn't want to implement profitability analysis, not even account-based, because the company doesn't understand its value. Which argument would you use to persuade the customer? Please choose the correct answer. Balance sheets can be analyzed by sales-specific characteristics. Sales orders can be forecasted as liquidity items in cash flow reports. Down payment integration can be performed with sales and distribution. Profit and loss statements can be analyzed by sales-specific characteristics.

What technology did SAP leverage to eliminate aggregate tables from the SAP S/4HANA system while maintaining compatibility with many legacy programs? Please choose the correct answer. Compatibility views. Columnar store. Indices. Data aging.

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.

When setting up the system, you want to maintain default values for users of a company code. Which application do you use? Please choose the correct answer. Maintain User Profile. Default Values (SAP Fiori). User Maintenance.

You use the search in your SAP Fiori launchpad to loop up information for a cost center. What kind of app is used for the information shown in the search results? Please choose the correct answer. Factsheet. List. Analytical. Transactional.

Which SAP Fiori app type provides essential information about system master data and offers links for navigating between related objects? Please choose the correct answer. Configuration. Fact sheet. Transactional. Analytical.

A message can contain up to six fields. Determine whether this statement is true or false. Please choose the correct answer. False. True.

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. Please choose the correct answer. True. False.

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. Please choose the correct answer. True. False.

You've negotiated payment terms that include three installment payments with your customer. How many terms of payment must you define? Please choose the correct answer. 3. 2. 1. 4.

How many intervals are defined for the foreign currency valuation run ID per client? Please choose the correct answer. 1. 3. 2. 0.

How many cash discount periods can be entered in the terms of payment? Please choose the correct answer. 8. 2. 5. 3.

Your company code is assigned to two standard ledgers and one extension ledger. You post an invoice with one expense line item with a 10% VAT (sales) tax. How many line items are posted in the document entry view (table BSEG)? Please choose the correct answer. 3. 4. 2. 6.

Your company code is assigned to a leading ledger, two additional normal ledgers, and one extension ledger. How many carryforwards must be executed? Please choose the correct answer. 3. 1. 8. 4.

What is the maximum number of steps possible in validation? Please choose the correct answer. 566. 999. 99. 199.

How many separate period intervals are there to control open posting periods? Please choose the correct answer. 4. 2. 1. 3.

What is the maximum dunning level that can be assigned to a dunning procedure? Please choose the correct answer. 7. 9. 11. 1.

How many posting period intervals in SAP S/4HANA are used for postings of Financial Accounting (FI) and Controlling (CO)? Please choose the correct answer. 16. 3. 2. 12.

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. Please choose the correct answer. 3. 5. 8. 10.

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. 5. 1. 3. 4.

Which of the following components make up an archiving object? There are 3 correct answers to this question. Data declaration part. Variables. Programs. Customizing settings.

Which activities are supported by the regrouping program of receivables and payables? There are 2 correct answers to this question. Regrouping of receivables and payables to accrual earnings or expense. Regrouping open items based on changed reconciliation accounts. Grouping receivables and payables by their remaining life. Regrouping and clearing open items for affiliated companies on customers and vendors.

What can you achieve by using the head office/branch scenario? Please choose the correct answer. Postings made to the head office also can be paid to the branch account. Invoices posted to the branch become open items for the head office. Correspondence and dunning letters are printed and sent to both the branch and the head office. Settings changed for the head office master record will be transferred to the branch account.

How can you set up multiple valuations for transfer pricing in your SAP S/4HANA system? There are 2 correct answers to this question. You can assign each valuation to a separate ledger. You can assign more than 3 valuations to the same ledger. You can assign more than 3 valuations to different ledgers, if you have enough ledgers defined. You can assign profit center, group, and legal valuations to the same ledger.

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 add applications for filtered report results. Users can remove applications that they do NOT use. Users can remove devices that they do NOT use. Users can add new devices from the catalog assigned to them. Users can add applications from the catalog assigned to them.

True or False: SAP S/4HANA replaces SAP ERP, and development and support are shifted completely to it. Please choose the correct answer. True. False.

Financial statement versions consist of a maximum of 10 hierarchy levels. Determine whether this statement is true or false. Please choose the correct answer. True. False.

You want to develop a substantial enhancement for the purchase-to-pay process in your SAP S/4HANA system. Where does SAP recommend you perform this enhancement? Please choose the correct answer. SAP Fiori. SAP Cloud Platform. SAP Leonardo. SAP S/4HANA core.

Which of the following are default items assigned to every financial statement version? There are 3 correct answers to this question. Liquid funds. Profit and loss results. Noted ítems. Liabilities and equity. Assets.

What settings can you define specifically for an asset class? There are 3 correct answers to this question. Asset under construction category. Synchronization rules for asset and equipment. Account determination key. Default transaction type for asset posting. Maximum amount for low-value assets.

What checks can you perform from the Audit Journal app? There are 3 correct answers to this question. Display journal entry changes. Check gaps in journal entry numbering. Check nonbalancing accounts. Check multireferenced invoices. Display journal entry warnings.

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. Book values at the end of the fiscal year. Imputed interest. Acquisitions. Reposting.

Which of the following fields can be configured as changeable in a document header? Please choose the correct answer. Document Date. Document Reference. Posting Date. Document Type.

On which levels do you maintain data for an integrated customer account? There are 3 correct answers to this question. Sales área. General data at the client level. Profitability segment. Company code. Purchasing organization.

You’ve agreed to terms of payment with a business partner that is a customer and a supplier. The same terms are to be used both ways (incoming and outgoing). You’ve defined a new terms of payment key, but when trying to update the supplier business partner role, you don’t find the payment term available to select. What must you do? Please choose the correct answer. Change the field status of the business partner role to make the payment terms an optional field. Enter the payment term manually during invoicing. Create a new payment term for the supplier business partner role. Maintain the account type in the terms of payment.

You have an invoice for transport expenses for your assets under construction. These expenses can be capitalized per IFRS but not in the local GAAP. What is the best way to handle this? Please choose the correct answer. Post the invoice to a clearing account and clear it per ledger group (capitalize for IFRS, expense for local GAAP). Post the invoice to assets under construction, and, after settlement, post a partial scrapping for the local depreciation area. Post the invoice twice: once as an expense to the local ledger group and once more to IFRS. Post the invoice to the assets under construction and manage settlement per depreciation area.

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? Please choose the correct answer. 1. 3. 4. 6.

A customer payment was received. An open item does NOT exist for the payment. How can you post the payment? Please choose the correct answer. Create a down payment. Create a residual item. Post payment on account. Post partial payment.

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.

What types of data are maintained for a house bank? There are 2 correct answers to this question. Overdraft limit. General Ledger account. Data medium exchange (DME) details. payment signatories.

Which is the first step in the procedure of making down payments in the customer area? Please choose the correct answer. Down payment received. Customer invoice. Down payment request. Clearing.

A document has several line items, with different reason codes entered. For the automatic payment, which correspondence type does the system choose? Please choose the correct answer. The one assigned to the tolerance group. The one in the line item with the largest amount. The system prompts for the user to assign one. The one in the first line item.

How many custom currency types can you assign to a company code/ledger combination? Please choose the correct answer. 6. 12. 8. 10.

What are the two phases of AuC that are relevant to Asset Accounting? There are 2 correct answers to this question. Under-construction phase. Useful life phase. Assets transfer phase. Accounting phase.

After you collect data in the Intercompany Reconciliation tool, what are the next steps of the reconciliation process? Please choose the correct answer. 1. Store the data. 2. Present reconciled and non-reconciled data. 3. Post the correction documents. 4. Communicate differences. 1. Post the correction documents. 2. Store the data. 3. Present reconciled and non-reconciled data. 4. Communicate differences. 1. Store the data 2. Present reconciled and non-reconciled data 3. Communicate differences. 4. Post the correction documents. 1. Present reconciled and non-reconciled data 2. Post the correction documents. 3. Store the data. 4. Communicate differences.

Which data sections are part of every asset class? There are 2 correct answers to this question. Depreciation data section. Master data section. Account determination data section. Valuation area data section.

What can you control with the tolerance group? There are 3 correct answers to this question. Maximum tax amount. Maximum permitted payment differences. Maximum exchange rate deviation. Maximum amount per document. Maximum amount per open item.

Which of the following fields can be changed in the document header? There are 2 correct answers to this question. Document date. Document header text. Reference number. Currency exchange rate.

What can you change for items that are in the exceptions list of the payment proposal? There are 3 correct answers to this question. Reason code. Payment block. Payment method. Bank selection. Payment term.

Which of the following standard correspondence types can you use to exchange information with customers and suppliers? There are 2 correct answers to this question. Payment notices. Bill of exchange charges statements. Dunning letters. Invoices.

When items aren’t automatically assigned for intercompany reconciliation (ICR), how do you perform reconciliation? There are 2 correct answers to this question. Use an automated assignment rule. Match items manually. Export line item reports for each affiliate. Use SAP Leonardo machine-learning algorithms.

On what level can you assign a fiscal year variant to a company code? Please choose the correct answer. Depreciation area. Ledger. Accounting principle. Valuation area.

When you post an amount to an asset in the LVA class that is above the threshold for the maximum value, how does the system respond? Please choose the correct answer. The system posts the value up to the LVA threshold and posts the rest to the generated asset subnumber. The system adjusts the asset quantity to the value that keeps the asset below the maximum threshold. You receive a warning message; the asset is posted, but the depreciation key is adjusted to normal depreciation. The system produces an error message; for you to post, you must split the asset or post to another asset class.

What does assigning a screen variant during document entry do? Please choose the correct answer. It changes the fields that are ready for entry in the document header. It defaults values for fields in the document header. It changes the fields that are ready for entry in the line items. It defaults values for fields in the document line item.

How can you post accruals? There are 3 correct answers to this question. Post manually at the end of a period, quarter, or year. Reclassify the receivables and payables. Use the recurring entry program. Run the depreciation program. Execute the periodic accrual run.

What is controlled by the terms of payment? There are 3 correct answers to this question. Account for cash discount received. Allowed account type. Determination of the baseline date. Setting for net procedure. Default payment method.

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. Subledger accounts. General ledger. Currency.

When should fiscal year close for asset accounting be carried out? Please choose the correct answer. When the last nonspecial period of the previous year is closed. Directly after balance carryforward. When the previous fiscal year is closed. Directly before balance carryforward.

Which prerequisite must be met by the technical clearing account for integrated asset acquisition? Please choose the correct answer. The account is created for all active company codes of the client. The account is a reconciliation balance sheet account for fixed assets. 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.

How does the SAP HANA architecture improve SAP S/4HANA system performance? Please choose the correct answer. SAP HANA organizes data in line item tables and can aggregate data from these line item tables at runtime. SAP HANA makes extensive use of database indexes providing common access paths to data in order to improve access speed. 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. SAP HANA uses a structured hierarchical data model with a multitude of lean prebuilt aggregated tables to write efficient code.

Which data model is used for SAP S/4HANA? Please choose the correct answer. Online transactional processing (OLTP) and online analytical processing (OLAP) each using data from separate tables. Online transactional processing (OLTP) for on-premise deployments and online analytical processing (OLAP) for Cloud deployments. Online transactional processing (OLTP) and online analytical processing (OLAP) both running on a single system. Online analytical processing (OLAP) that is based on aggregated tables and indexes.

You want to configure the default baseline for the payment terms of an incoming invoice. From which date can you derive the baseline date? Note: There are 3 correct answers to this question. Entry date. Posting Date. Goods receipt date. Value date. Document Date.

In Customizing, at which levels can you assign the print program to the correspondence type? Note: There are 2 correct answers to this question. At system level. At client level. At company code level. At business partner level.

A general ledger account is defined with the account type “Nonoperating Expense or Income” Where can this account be used?. Profit and loss account that is used in margin analysis and profit center accounting. Profit and loss account that is used in overhead management accounting. Profit and loss account that is used in profit center accounting. Profit and loss account that is used in margin analysis.

Besides using the profit center, which options does General Ledger Accounting with document splitting provide to assign a segment to the posting line? There are 2 correct answers to this question. Definition of validation rules. BAdI implementation (FAGL_DERIVE_SEGMENT). Standard account assignment using constants. Assignment of default segments to G/L accounts.

Besides using the profit center, which options does General Ledger Accounting with document splitting provide to assign a segment to the posting line? There are 2 correct answers to this question. Definition of validation rules. BAdI implementation (FAGL_DERIVE_SEGMENT). Standard account assignment using constants. Assignment of default segments to G/L accounts.

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. Ensure depreciation areas always post to the general ledger. Assign a ledger group to each depreciation area. Assign depreciation area 01 to the leading ledger.

Where is the billing document created?. Sales and distribution. Financial accounting. Accounting. Materials management.

Which of the following statements are correct? 2 Answers. 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 a several workflow variants.

What type of data are maitained for a house bank? 2 correct answers. General ledger account. Overdraft limit. Data medium exchange (DME) details. Payment signatories.

What is the purpose of the group account number in General Ledfer account master data maintenance?. It is used for cross-company reporting if the company codes use different chart of accounts. 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 los accounts in the financial statemen version. It defaults the number interval that is applied for the G/L account number in the company code.

In a valuation method, which of the following is not a valuation approach for foreign currency valuation?. Strict lowest value principle. High rate of interest principle. Revenue only. Lowest value principle.

In a valuation method, which of the following is not a valuation approach for foreign currency valuation?. Strict lowest value principle. High rate of interest principle. Revenue only. Lowest value principle.

Which is the most flexible SAP S/4HANA Cloud solution for customers?. Community option. Private option. Hybrid option. Public option.

Identify some of the checks for archiving G/L Accounts (Master data) There are 3 correct answers: Are there (Still) transaction figures (for example, have they already been archived)?. Has a deletion indicator been set?. Is the fiscal year closed?. Are there (Still) documents?.

Your customer uses a posting period variant with special periods, and you need to allow specific users to post in these special 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 2. An authorization group to period intervals 1 and 2. An authorization group to period intervals 1.

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. Country key. Condition type. Account key. Tax code. Sequence of steps.

Which business partner characteristic is mapped to the customer and supplier account groups? Please choose the correct answer. Business partner role. Business partner type. Business partner grouping. Business partner category.