S4F12_EN

How SAP S/4HANA can be deployed to receive all software updates automatically?. On-premise. Cloud. Central Finance. Virtual.

On the SAP Fiori launchpad, users can choose personalization options. True. False.

What is the format of a company code key?. Two-digit alphanumeric. Four-digit alphanumeric. Six-digit alphanumeric. Eight-digit alphanumeric.

What are the prerequisites for cross-company controlling?. Company codes assigned to the same controlling area need to be assigned to the same operative chart of accounts. Company codes assigned to the same controlling area need to be assigned to the same group chart of accounts. Company codes assigned to the same controlling area need to be assigned to the same posting periods variant. Company codes assigned to the same controlling area need to be assigned to the same company ID.

What is the name of the leading ledger that SAP provides with the standard system?. 0L. 1L. 2L. 3L.

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?. 1. 3. 4. 5.

Which of the following is the first step in the variant principle?. Define variant. Determine values for the variant. Assign the variant to the objects. Create multiple variants.

The fiscal year variant contains the number of posting periods and special periods. True. False.

The fiscal year variant specifies a period as open or closed. True. False.

If the fiscal year differs from the calendar year, but the posting periods correspond to calendar months, then the day limit for February should be 29 to take leap years into consideration. True. False.

In SAP S/4HANA (FI) currencies are defined using currency keys. True. False.

In Financial Accounting, you have to specify at least one currency for the ledgers to be managed. True. False.

What is the name of the database table that represents the Universal Journal?. ACDOCA. FAGLFLEXT. GLT0. BSEG.

A chart of accounts must be assigned to every company code for each accounts are to be set up. True. False.

Which of the following information is entered in the chart of accounts segment of a G/L account?. Account number. Control fields. Consolidation fields. Currency fields.

To use an account from the assigned chart of accounts in your company code, you must create a company code segment for the account. True. False.

In a balance sheet account, the balance is carried forward to a retained earnings account and the balance sheet account is set to zero. True. False.

Which field status has the lowest priority (master records: G/L accounts)?. Required entry. Suppress/Hide. Optional entry. Display.

All postings to the subledger accounts are automatically posted to the assigned reconciliation accounts. True. False.

When you create a G/L account, SAP S/4HANA uses the company code local currency as the default account currency. True. False.

Which of the following options can you use to change the G/L account master data (including CO) using collective processing?. Change chart of accounts data. Change company code data. Change controlling data. Change client level data. Change account descriptions.

Different accounts of one operational chart of accounts can refer to the same group account. True. False.

The country chart of accounts number (alternative account number) is entered in every chart of accounts segment. True. False.

You can save a segment in the master data of a profit center. True. False.

In many business cases, particularly in logistics, you have to enter the segment manually. True. False.

The profit center is the best object from which segments can be uniformly derived. True. False.

Segments have a time reference. True. False.

Segments are assigned to a hierarchy. True. False.

It is possible to assign the same segment to multiple profit centers. True. False.

On which level does the system store the general data of a business partner (customer or vendor) that can be assessed throughout the whole organization?. Organization level. Client level. Company code. Account level.

In Financial Accounting, after the customer or vendor account is created, you can no longer change the account group. True. False.

A one-time account master record contains information about a specific customer or vendor. True. False.

Customer and vendor accounts cannot use the same number ranges. True. False.

The field status entries in individual areas (FI Customer/Vendor Customizing) such as Account Group, Activity or Company Code, compete with each other and the field status with the highest priority is used. True. False.

When you create a new business partner in the FI-Customer role, the system always uses the account group assigned to the grouping in the customer/vendor integration. True. False.

A fiscal year variant defines the number of periods in the fiscal year. True. False.

Document types are created at company code level. True. False.

Which of the following statements is correct for external number assignment (manual posting)?. The number is the last document number. The number is automatically assigned. The number is entered by the user. The number must be assigned in a sequence.

In external number assignment, the numbering must be numeric. True. False.

A number range can only be assigned to a single document type. True. False.

For general ledger account posting, which one of the following standard posting keys is for debit?. 01. 31. 40. 50.

You can only use posting keys for assets and materials if the corresponding SAP components are active. True. False.

It is possible for several company codes to use the same posting period variant?. True. False.

Which account type is mandatory in the posting periods table?. +. D. K. S.

If you do not assign users to any special tolerance group, then the entries in the default tolerance group are valid for them. True. False.

You can create as many tolerance groups as you need. True. False.

Which of the following tolerance groups should every company code always have?. Blank. Special. Defined. Named.

You can post a normal document entry transaction only if the account balance is zero. True. False.

Which data belongs to the document header?. Posting Date. Profit Center. Company Code. Account Number.

Displaying a document in the entry view and the general ledger view is possible with SAP S/4HANA. True. False.

You can assign different document splitting procedures to different client company codes. True. False.

Parameter IDs allow users to set default values for fields such as Company code and Currency. True. False.

SAP S/4HANA provides basic default values for document entry. For example, the current date is proposed as the posting date. You are not allowed to change this proposed date. True. False.

Identify the criteria that usually differentiate between document change rules. Open items. Account type. Asset class. Company code.

Which of the following fields can be changed in the document header?. Reference number. Document header text. Document date. Currency exchange rate.

Based on document change rules, users may only be able to change certain fields in the documents that they have already posted. True. False.

When you reverse a document, you must enter a reason for reversal. True. False.

You can reverse documents that contain cleared items. True. False.

You can reverse a document by using either normal reversal posting or negative posting. True. False.

The reversal reason determines whether the reversal date may differ from the original posting date. True. False.

You need to enter a percentage rate in the terms of payment to calculate ______________. Cash discount. Credit amount. Debit amount. Invoice discount.

The baseline date is the starting date that the application uses to calculate the invoice due date. True. False.

In which of the following segments of a Business Partner master record (customer or vendor) can you enter the terms of payment?. Company code segment. Client level segment. Sales area segment. Purchasing organization segment.

Day limits enable date-specific terms of payment under a single terms of payment key. True. False.

SAP S/4HANA only supports the net procedure for customers. True. False.

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

The tax code is used for the tax calculation procedure required to perform taxation functions on the SAP system. True. False.

The taxes calculated by the system are usually posted via a separate line item to a special tax account. True. False.

SAP S/4HANA links the documents belonging to one cross-company code transaction with a common cross-company code transaction number. True. False.

In the configuration of SAP S/4HANA, you must always assign clearing accounts to every possible combination of company codes. True. False.

An example of an open item is an incomplete business transaction, such as an invoice that has not been paid. True. False.

A clearing transaction always creates a clearing document. True. False.

The Clear Account transaction can be performed manually or automatically using the clearing program. True. False.

It is possible to archive documents that have open items. True. False.

Cleared items contain which of the following pieces of information?. Clearing document number. Due date. Clearing date. Archival information.

With the automatic clearing program, a user can clear open items for which of the following items?. General ledger. Currency. Special general ledger indicator. Subledger accounts.

When you perform a manual payment process, you can overwrite the cash discount amount. True. False.

The assignment field can be a combination of up to six fields with a maximum of 10 characters. True. False.

When you reset clearing, SAP S/4HANA removes the clearing data from the line items. True. False.

Identify the three types of tolerances in accounting. Employee tolerance groups. G/L account tolerance groups. Customer/vendor tolerance groups. Special account tolerance groups.

If the payment difference is too high to be immaterial, you must manually process it. True. False.

You must assign a revenue or expense account to all reconciliation accounts and all general ledger accounts with open item transactions in foreign currency. True. False.