S4F12

Parameters of a Company Code. Chart of Accounts. Fiscal Year. Company Code Defaults. Static Rate.

What is the format of a company code key? Choose the correct answer. Two-Digit Alphanumeric. Four-Digit Alphanumeric. Six-Digit Alphanumeric. Eight-Digit Alphanumeric.

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

The variant principle is used in the SAP application to assign particular properties to one or more objects. How many steps does the variant principle have? Choose the correct answer. 1. 3. 4. 5.

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

The Fiscal year variant contains the definition for the posting periods and special periods. FALSE. TRUE.

The Fiscal Year variant specifies a period as open or closed. FALSE. TRUE.

If the Fiscal Year differs from the calendar year, but the posting periods correspond to calendar months, then the day limit por February should be 29 to take leap years into consideration. FALSE. TRUE.

Which of the following helps to reduce the amount of work involved in the maintenance of exchange rates?. Conversion. Inversion. Exchange. Static Rate.

three commonly used exchange rate types and mention what they are used for. Average rate for posting and clearing. Buying rate. Selling rate. Bank Rate.

In SAP ERP currencies are defined using. Currency Key. Posting Keys.

A chart of accounts must be assigned to every company code for which accounts are to be set up: FALSE. TRUE.

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. FALSE. TRUE.

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

Name the segments that are parts of a G/L account. The chart of account segment. The company code segment. The field segment.

Which field status has the lowest priority?. Required entry. Hide. Optional entry. Display.

All postings to the subledger accounts are automatically posted to the assigned reconciliation accounts. FALSE. TRUE.

When you create a G/L account, the SAP ERP system uses the company code local currency as the default account currency. FALSE. TRUE.

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

You can save a segment in the master data of a profit center. FALSE. TRUE.

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

The profit center is the best object from which segments can be uniformly derived. FASE. TRUE.

Segments have a time reference. FALSE. TRUE.

Segments are assigned to a hierarchy. FALSE. TRUE.

It is possible to assign the same segment to multiple profit centers. FALSE. TRUE.

Which of the following segments contains the general data of a costumer or vendor that can be accessed throughout the organization?. Client level. Company level. Chart of account.

In Financial accounting, after the costumer or vendor account is created, you can no longer change the account group. FALSE. TRUE.

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

Customer and vendor accounts can use the same number range. FALSE. TRUE.

The Field status entries in individual areas, such as account group activity, and company code, compete whit each other and the field status whit the highest priority is used. FALSE. TRUE.

A fiscal year variant defines the number of periods in the fiscal year. FALSE. TRUE.

Document types are created at company code level. FALSE. TRUE.

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

In external number assignment, the numbering must be numeric. FALSE. TRUE.

A number range can only be assigned to a single document type. FALSE. TRUE.

For general ledger account posting, which one of the following standard posting keys is for debit?. 10. 20. 40. 50. 30.

You can only use posting keys for assets and materials if the corresponding SAP components are installed. FALSE. TRUE.

It is possible for several company codes to use the same posting period variant. FALSE. TRUE.

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

You can create as many tolerance groups as you need. FALSE. TRUE.

Which of the following tolerance groups must every company code always have?. Blank. Document header text. Document date. Account level.

You can only complete the document entry transaction once the account balance is zero. FALSE. TRUE.

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

What are the two prerequisites for processing negative postings?. The reversal reason must be defined for negative reversal. The company code must allow negative postings. The reversal reason it’s not mandatory.

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

Day limits enable date-specific terms of payment under a single terms of payment key. FALSE. TRUE.

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

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

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?. Account level. Organization level. Company Code. Client level.

The reversal reason determines whether the reversal date may differ from the original posting date. FALSE. TRUE.

The baseline date is the starting date that the application uses to calculate the invoice due date. FALSE. TRUE.

Name two possible ways for reversing a document in SAP S/4Hana. Clearing the reversal posting. Reversal by negative posting. Normal reversal posting.

The Clear account transaction can be performed manually or automatically using the clearing program. FALSE. TRUE.

Which different types of SAP Fiori Apps can be used?. Transactional Apps. Factsheets. Journal Ledger. Analytical Apps.

When you reverse a document, you must enter a reason for reversal. FALSE. TRUE.

The country chart of account number (alternative account number) is entered in every chart of account segment. FALSE. TRUE.

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

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

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

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

How many steps about the variant principle S/4 Hana has?. 5. 4. 3. 2.

A clearing transaction always creates a clearing document. FALSE. TRUE.

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

It is possible to archive documents that have open items. FALSE. TRUE.

Document types are created at company code level. FALSE. TRUE.

The tax code is used for the tax calculation procedure required to perform taxation functions on the SAP System. FALSE. TRUE.

SAP S/HANA links the documents belonging to one cross-company code transaction whit a common cross-company code transaction number. FALSE. TRUE.

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

Deciding about the best fitting SAP S/HANA deployment option for SAP S/HANA for your business, which dimensions come into your mind?. Business Functionality. Deployment times; Regulatory. Industry and regional requirements. Innovation Cycles. Public Relations. IT Strategy.

When you perform a manual payment process, you can overwrite the cash discount amount. FALSE. TRUE.

Different accounts of one operational chart of accounts can refer to the same group account. FALSE. TRUE.

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

Based on document change rules, user may only be able to change certain fields in the documents that they have already posted. FALSE. TRUE.

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

Displaying a document in the entry view and the general ledger view is possible whit S/4HANA. FALSE. TRUE.

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

You can reverse documents that contain cleared items. FALSE. TRUE.

During posting, the functional area is determined from several objects simultaneously. Witch value does the system derive for the line item?. Substitution. Manual entry. G/L Account. Controlling object.

What are the three steps to create and use a chart of accounts?. Define the properties of the chart of accounts. Assign the chart of accounts to company codes. Active the properties of the chart of accounts. Define the chart of accounts.

When you reset clearing, SAP S/HANA removes the clearing data from the line items. FALSE. TRUE.

SAP S/HANA 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. FALSE. TRUE.

The SAP Fiori launchpad guarantees the same exact UI for every user working with the sap System?. FALSE. TRUE.

Parameter IDs allow users to set default values for fields such as company code and currency. FALSE. TRUE.

You can assign different document splitting procedures to a different client company codes. FALSE. TRUE.

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

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

You can reverse a document by using either normal reversal posting or negative posting. FALSE. TRUE.

You must assign a revenue or expense account to all reconciliation accounts and all general ledger accounts whit open item transaction in foreign currency. FALSE. TRUE.

SAP S/4HANA only supports the net procedure for customers. FALSE. TRUE.

Which are the three deployment options of SAP S/4HANA?. SAP S/4HANA (on Premise). SAP S/4HANA Cloud (public). SAP S/4HANA Cloud (single-tenant edition). SAP S/4HANA (Online).

When are year-specific fiscal year variant used?. When the start and the end date of the posting periods differ from one year to another. When one fiscal year has fewer posting periods than other (Shortened fiscal year). Bankruptcies. Always.