SAP FI Practice

When is it possible to set the open item management indicator in a general ledger account 2 correct answers. a When the account is set up as a balance sheet. b when the acccount is set up reconcilation account. c when an account is set up as a secondary cost element. d when an account has a zero balance.

What are the characteristics of a controlling area in SAP S/4 HANA 2 correct answers. a It is responsible for costs and revenues within an organization. b It can be assigned to a company code. c It represents separate areas of the operations within an organization. d It is considered for consolidation.

You want to post journal entries in a special period which conditions must be met 2 Correct Answers. a You must enter posting date in the last posting period. b The special period must be open for posting in the period control. c The last posting period must be open for posting in the period control. d The balance carry- forward to the new fiscal year must have taken place.

What is the recommended Organizational unit for profit center accounting ?. a Profit center. b Functional area. c Profitability Segment. d Controlling Area.

What is the purpose of the period interval 3 when you define open and close periods ?. a Posting to special periods. b Posting to special purpose ledger. c Posting to the extension ledger. d Posting from CO to FI.

Your SAP S/4 Hana 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 ?. a Profitability Segment. b Business area. c Functional area. d Segment.

For which account can you perform account clearing in SAP S/4HANA?. a For any account that is assigned to a financial statement version. b For any account that is managed on an open item basis. c For any G/L account defined as reconciliation account. d For any balance sheet account managed on a line item basis.

What does the posting period variant control. a Fiscal year. b Posting period authorisation by account type. c Tolerance levels. d Document approvals.