New notes for review

12/30/2019 New notes for review Flashcards | Quizlet
New notes for review

Leave the first review
STUDY
Flashcards
Learn
Write
Spell
Test
PLAY
Match
Created by
Daniel_Blackwell1 PLUS
Terms in this set (188)
At which level do you At company code level only

assign the print program
to the correspondence
type?
https://quizlet.com/416850547/new-notes-for-review-flash-cards/ 1/31
On which organization Client

unit level do you define a
chart of depreciation?
What information is Clearing document number

updated on the invoice
when you post a Clearing date
complete payment?
Which of the following Reference

parameters are
controlled by the screen Field selection
layout?
Maintenance level
Which parameters can Document number required

you specify when you
create a new Account required
correspondence type?
Number of date fields required
For which special G/L Vendor down payment request

indicator do you specify
a target special G/L
indicator?
Which is the first step in Down payment request

the procedure of making
down payments in the
customer area?
Which of the following Rank bank accounts for payment.

steps do you typically
perform when executing Review the payment proposal exception
the payment run with the list.
automatic payment
program?
You define custom Company code currency

currency type Z1 for your
company code. Which Document currency
currency types must be
stored in the Data Entry
view?
Which of the following Useful life (year or period)

parameters can be
changed on a time- Depreciation key
dependent basis?
Variable depreciation portion
How can you post Use the recurring entry program.

accruals?
Post manually at the end of a period,
quarter, or year.
Execute the periodic accrual run.
Which of the following The payment amount is less than the

are possible reasons that minimum amount specified for a payment.
an invoice would not be
paid? An invalid house bank is selected.
The invoice has a debit balance.

You are posting an The total amount (sum of all line items)
incoming payment allowed to be posted
against an invoice. Which
document values does The cash discount percentage allowed for
the user tolerance group the complete document
control?
Which fields of a financial Payment term

accounting document
influence the automatic Payment block
payment program?
Payment method
Which entries do you Account Type

define when maintaining
a G/L account? Account group
Field status group
What do you define in Bank determination

Customizing for the
payment program? Forms for the payment media
Allowed currencies
You use the ledger Area Posts in Real Time

approach for parallel
accounting in Asset
Accounting.
Depreciation area 01 is
assigned to the leading
ledger for an area 01 is

assigned to the leading
ledger for leading
valuation and
depreciation area 32 is
assigned to the non-
leading ledger for
parallel valuation.
What posting option

should you choose for
depreciation area 32?
How can you perform Configure the cross-company depreciation

transfers of assets areas in customizing.
between company codes
with different charts of
depreciation?
Where is the billing Sales and Distribution

document created?
What technology did Compatibility views

SAP leverage to
eliminate aggregate
tables from the SAP
S/4HANA system while
maintaining compatibility
with many legacy
programs?
Which of the following The system clears open items.

activities does the system
The system supplies the print programs
perform during the with necessary data.

payment run?
The system makes postings to the G/L and
AP/AR subledgers.
You are getting ready to Line item text templates must be

post your first simple maintained.
general ledger
document using the SAP Posting period variant must be created
Fiori app for posting in a and assigned.
test environment.
What configuration items

do you need to set up to
post a simple document?
Within the line items of Fl The field status of additional details

documents, what does
the posting key control? The account type to which the line item
can be posted
Whether the item is posted as a debit or

credit
What information is The starting balance and the yearly

provided when you changes to the balance of a general ledger
execute the balance account
audit trail?
Which prerequisites must The reversal reason must allow negative

be fulfilled before you postings.
can use negative
postings?
The company code must permit negative

postings.
Your customer wants to SAP Success Factors

start using SAP S/4HANA
line-of-business SAP Fieldglass
solutions. Which of these
solutions help you run
human resource
management processes?
Which of the following is Posting of a guarantee of payment

an example of an
automatic offsetting
entry?
What checks does the Depreciation and asset balances are

year-end closing posted in full.
program (RAJABSOO)
perform? Assets are complete and error-free.
What do you define Account types allowed for posting

when you create a new
document type? Number range for the document type
Which of the following Reposting

are the different history
sheet groups that each Acquisitions
version of asset history
sheets can contain? Book values at the end of the fiscal year
What items are NOT Noted items

cleared by the automatic
clearing program? Statistical postings
Items with withholding tax
What dunning-related Dunning block

data do you maintain on
the business partner Dunning area
master record?
Dunning procedure
Which data can you edit House bank

in the payment
proposal? Cash discount
Payment block
For which activities can Simulation of foreign currency valuation

you use an extension
ledger? Adjustments for consolidation purposes
Which statements best A chart of depreciation contains multiple

describe a chart of depreciation areas with a provision for
depreciation? addition and deletion of depreciation
areas.
A chart of depreciation is a country-

specific object that is delivered with SAP
S/4HANA.
Which of the following Document selection and data storage

are the steps of
Manual reconciliation and communication
Intercompany
reconciliation? Automatic assignment of documents
The SAP Business 4

Workflow process
dimensions.
In which items of a Sales deductions in loss item

financial statement Material expenses in liabilities item
version can you find
values related to
accounts for sales
deductions and material
expenses?
Which requirements do Add required authorizations for data aging

you need to fulfill to use to your role.
data aging for Finance in
the SAP S/4HANA Activate aging on SAP HANA.
system?
Switch on the data aging business function.
Which prerequisites must The reversal reason must be configured to

be fulfilled to allow for allow negative postings.
negative postings of
journal entries? The company code must allow negative
postings.
You have to run the Define two valuation methods and assign
foreign currency the accounting principles to the new
valuation for both US valuation methods.
GAAP and IFRS, which

leads to different values
for the two different
accounting principles.
How can you set this up

in the system?
Which steps are required Choose the area of application GL.

to create a substitution in
Financial Accounting? Activate the substitution rule.
Define the substitution rule with its

different steps using the formula editor.
What happens to the They are increased.

transaction figures when
you post a normal
reversal posting?
For which of the General ledger accounts

following can you park
documents? Customer accounts
What settings can you Account determination key

define specifically for an
asset class? Asset under construction category
Synchronization rules for asset and

equipment
When you post a manual Journal entry type

incoming payment, which

parameters are valid for Bank account
all payment documents?
You want to specify the To each depreciation area

financial statement
version for asset reports
in Customizing. Where
do you need to assign
the financial statement
version?
You are starting the fiscal Depreciation is posted in full.

year-end process in
Asset Accounting in SAP Assets are complete and error free.
S/4HANA. What are the
year-end closing
program checks for Asset
Accounting?
Which of the following Balance notification

procedures are available
to check the balance of Balance confirmation
receivables and payables
in balance Balance request
confirmations?
Identify the three types Employee tolerance groups

of tolerances in
accounting. Customer/vendor tolerance groups
G/L account tolerance groups
Where do you indicate In the screen layout of the depredation

that the useful life of the area
asset sub-number is
identical to the useful life
of the main asset?
Which of the following Noted items are posted to an alternative

statements apply to the reconciliation account.
special general ledger
types of noted items? No zero-balance check is made in the
system.
No postings are made on an offsetting

account.
You need to perform Closed year asset sale transactions

mid-year legacy system
migration for assets in a Current year asset acquisition transactions
new company code.
Which data must you Current year posted depreciation
migrate?
What types of data are Data medium exchange (DME) details

maintained for a house
bank? General Ledger account
In Asset Accounting, Valuation area

which object do you use
to handle separate
valuation for parallel
accounting?
What must you do when Assign an accounting principle for each

you set up depreciation depreciation area.
areas?
Which elements define Depreciation area

the integration of asset
acquisitions to the Asset class
general ledger?
SAP HANA makes Multicore CPUs

extensive use of which
high-speed hardware
technology to offer more
speed?
You are configuring Area posts revaluation only

depreciation areas in
Asset Accounting. Which
of the following settings
is NOT permitted?
Which of the following Reference number

fields can be changed in
the document header? Document header text
Identify some of the Are there (still) documents?

checks for archiving G/L
accounts (master data). Has a deletion indicator been set?
Are there (still) transaction figures (for
example, have they already been

archived)?
The dunning run is made Account selection

up of three main steps Dun line items
that happen in a Dun account
particular sequence.
What is the correct
sequence of steps?
When procurement Creation of purchase order

transactions are posted,
which of the following
steps is exclusively
carried out in Materials
Management?
Which fields of a financial Payment method

accounting document
influence the automatic Payment term
payment program?
Payment block
You want to edit a Block an account.

dunning proposal. Which
actions can you perform Block a line item.
to edit a dunning
proposal? Lower the dunning level of an item
What is the order of Create template, create tasks, define

configuration within the dependencies, create task list, release task
SAP Financial Closing list
cockpit?
What should you check if Check to see if the goods were invoiced
the balance of the GR/IR by the key date, but have not yet been
account is not zero at the delivered.
purchase order item level
on the balance sheet key Check to see if the goods were delivered
date? by the key date, but have not yet been
invoiced.
You want to make the Document type

field Reference
document number
required for entry.
Which object controls

this setting?
For which type of Special general ledger account

account is the line item
display generally active?
Which tasks are stages of Maintain the dunning parameters.

dunning execution?
Schedule the dunning run.
Which statement best Executes an inverse posting by increasing

describes the normal the transaction figures.
reversals functionality?
In the integrated Purchase order creation

scenario for down
payments, in what step of
the process do you enter
the down payment

information?
What is the difference In the accounts approach, you assign a

between the ledger completely separate set of accounts for
approach and the each accounting principle, unlike the
accounts approach to ledger approach.
parallel valuation in Asset
Accounting?
Which of the following It can be accessed by the payment

statements best describe program.
a noted item?
It can be used to remind the user about
due payments.
Which attributes should Each asset class can have either an internal
you consider when or external number range.
defining asset number
ranges? Asset number ranges are defined for asset
classes and are company code specific.
Which data do you A unique bank country

define on the bank
master record? Address data and control data
Which of the following Screen layout

control data is carried by
asset classes? Account determination
Number range interval

On which levels can you Client

maintain field status
controls for business BP role
partners (BP)?
BP type
You are responsible for Business transaction variant

configuring document
splitting. What are some Document type
of the key settings?
You want to define a Document line

validation for the
combination of general
ledger account and cost
center. For which call-up
point do you define this
validation?
You want to configure Sequence of steps

the tax calculation
procedures. What are the Account or transaction key
main elements you need
to define? Condition type
T/F During the archiving False

procedure, if the
application generates a
specific log, it is used
otherwise, you need to
manually create a log.
What does the document Which account types are allowed for
type control? postings
Whether negative postings are permitted
Which of the following Drill down to reports.

options are included in
the Asset Explorer? Display depreciation calculation.
Drill down to Financial Accounting (FI)

document.
What are the results A payment is created with reference to the

when you post an invoice.
outgoing partial
payment? The initial invoice remains open.
You want to configure Posting date

the default baseline date
for the payment terms of Document date
an incoming invoice.
From which date can you
derive the baseline date?
Which stage of the sales Shipping - goods issue

process creates
documents for both
Materials Management
and Financial
Accounting?
What object determines Business partner grouping

the number range for
business partner master
data?
When you post a Passive document splitting

payment for an invoice,
how does the system
derive the splitting
characteristics?
You are asked to explain It is possible to post credit memos, even

the assets under after assets under construction are fully
construction functionality capitalized.
in SAP S/4HANA. What
should you highlight? It is possible to post special tax
depreciation and investment support for
assets under construction.
You need to enter a Cash Discount

percentage rate in the Your customer wants to use data aging for
terms of payment to the universal journal. Which criteria can
calculate_____ you use to decide which data is moved to
the historical partition? Company code
Ledger
The usage of which of Unplanned depreciation

the following
depreciation types can Ordinary depreciation
be activated per
depreciation area? Special depreciation
Which business partner Business partner grouping

characteristic is mapped
to the customer and
supplier account groups?
Which standard currency Company code currency

types must be used when
configuring the currency Controlling area currency
settings for company
codes?
Which of the following Goods receipt

logistic processes are
involved in asset Purchase requisition
acquisition with materials
management (MM)? Purchase order
What do you define in Cash discount

payment terms?
Due date specification
You forgot to add a new The balance of the new account is added
general ledger account to the notes in the financial statement item
into the financial section and is excluded from the
statement version. What calculation.
impact does this have on
the net profit and net
loss?
What is the correct order 1 Create template

of steps when you use
the SAP I financial 2 Create tasks

Closing Cockpit?
3 Define dependencies
4 Create task list
5 Release task list
You need to make the Posting key

line item text field
mandatory during G/L account
document entry. Which
objects should you
analyze to fulfill this
request?
Which activities are Regrouping open items based on changed

supported by the reconciliation accounts
regrouping program of
receivables and Grouping receivables and payables by
payables? their remaining life
What are the Asset class, main asset number, subnumber

maintenance levels of a
screen layout rule for
asset classes?
Identify some of the Scrap value

fields related to the
depreciation area in the Depreciation start
asset master record.
Useful life
A vendor is also a The account link

customer. The payment
program has to clear the
open items. Which
setting has to be
maintained for the
business partner?
What are the two phases Useful life phase

of AuC that are relevant
to Asset Accounting? Under-construction phase
Which of the following Flow Defintion

can you use for multiple
programs with variants
that are to be processed
automatically?
Which reporting tools KPI modelling apps

are available with SAP
S/4HANA embedded Query Browser
analytics?
You need to define a You have to use external number

new document type with assignment.
a specific document
number range to post
customer invoices via
interface from a non-SAP
system. How would you
define the document
number range?
At what level is the bank At client level

master data stored in
SAP S/4HANA?
The SAP HANA database Compression

relies on which of the
following technologies In-memory
for storing data?
Columnar store
It is common for Posting date and asset value date

companies to receive
invoices for the previous
fiscal year at the
beginning of the new
fiscal year. Which dates
must have the same fiscal
year in the document
entry?
Which of the following Line item grace period

parameters can you
define within a dunning Number of dunning levels
procedure?
Which functions allow Hold function

you to temporarily save
the entered data? Parking function
After you collect data in 1. Store the data

the Intercompany
Reconciliation tool, what 2. Present reconciled and non-reconciled

are the next steps of the data
reconciliation process?
3. Communicate differences.
4. Post the correction documents.
What is the purpose of The chart of depreciation facilitates

the chart of country-specific legal valuation of fixed
depreciation? assets.
What does the document It enriches all relevant balance sheet

splitting do? account lines with the defined splitting
characteristics.
Which currency types Local Currency

can you set in
customizing activity Group Currency
"define setting for
ledgers and currency
type"?
In stock valuation, which Raw materials, supplies, and consumables

of the following groups
of stocks are valuated? Work in process
Finished goods
Which of the following Consolidation fields

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

original Management
Accounting objects can Cost center
you assign in the asset
master record? Order
How does SAP S/4HANA By removing application code that deals

reduce system with aggregates and indexes
complexity and improve
system efficiency? By providing views of data at runtime from
the same source tables
Which of the following Client

segments contains the
general data of a
customer or vendor that
can be accessed
throughout the
organization?
Which of the following Down payment request

special G/L transactions
are noted items? Bill of exchange payment request
Which of the following Expenses or charges

objects are relevant to
the dunning program Dunning levels
configuration?
Minimum amounts
What do you configure Posting keys

to allow cross-company-
code transactions? Clearing accounts
Which of the following They are developed in the ABAP layer of

statements best describe the SAP S/4HANA system by the IT user.
how core data services
(CDS) are developed?
When can you set the When an account is set up as a cost

open item management element
indicator in a general
ledger account? When an account has a zero balance
Which of the following Payment notice

are standard
correspondence types? Open items list
Account statement
Which of the following The blocked accounts list

lists support the dunning
clerk's work? The dunning list
The dunning history list
You need to use foreign Account determinations

currency valuation in the
ledger solution. Which Valuation areas
objects must you define
in Customizing? Accounting principles
Which activities can you Obtain an overview of related future

perform with a recurring postings.
journal entry?
Create monthly postings on any date of a
month.
The managerial closing True

activities include locking
the old accounting
period. Determine
whether this statement is
true or false.
What do you need to do Specify the direct or indirect quotation.

to configure a new
exchange rate type in Maintain exchange rates daily.
SAP S/4HANA?
You want to post journal You must enter a posting date in the last
entries in a special posting period.
period. Which conditions
must be met? The special period must be open for
posting in the period control.
What does the year-end It indicates if any of the created asset

closing program in Asset master records contain errors or are
Accounting do? incomplete.
It checks whether the depreciation is

posted completely for the fiscal year.
It blocks all postings to Asset Accounting

for the closed fiscal years.
Which edition of SAP SAP S/4HANA Finance 1503
S/4HANA introduced the
universal journal?
You are creating an asset Remove the reference indicator in screen

master record by layout maintenance.
copying another asset,
and you notice that the
inventory number is
copied over. Which
setting do you make to
ensure the inventory
number is NOT copied
over when you create a
new asset via copy?
On which levels can you Client level

activate document
splitting? Company code level
How does SAP S/4HANA It performs tax adjustments for cash

support the treatment of discounts and other forms of deductions.
taxes?
It posts the tax amount to tax accounts.
It checks the tax amount entered and

automatically calculates the tax.
Which fields can you edit Amount

before posting a parked
document? Posting date
Account
Which of the following The same financial document number

statements are valid for range can be assigned to several
financial document document types.
number ranges?
Financial document number ranges are
defined at company code level.
Financial document number ranges

defined at client level should NOT overlap.
In which step of the SAP Task list creation

Financial Closing Cockpit
configuration do you
define parameters
settings for variables of
program variants?
Cleared items contain Clearing document number

which of the following
pieces of information? Clearing date
Which two reports SAPF130D (D is for customer)

should you use to create
correspondence to and SAPF130K (K is for vendor)
from customers and
vendors to enable you to
verify the balance of
receivables and
payables?
Which field can you Payment terms

change on a posted
invoice?
Which of the following Flow definition

types of tasks are
available in the Financial Online transactions
Closing Cockpit
application? Remote tasks
You need to make the Posting key

line item text field
mandatory during G/L account
document entry. Which
objects should you
analyze to fulfill this
request?
You are configuring Opening Posting only

accrual types for the
accrual engine. For which Periodic only
postings is account
determination required?
Which business partner Person

categories are available
to manage relationships? Organization
Your customer- performs Post recurring entries for the general

pre-closing activities on ledger.
the last day of the month.
Which activities are
typically executed during Process bad debt expenses for accounts

pre-closing? receivable.
Which dates can you use Document date

for tax calculation?
Posting date
See more
YOU MIGHT ALSO LIKE...
STUDY GUIDE
Accounting Sappy Hannah

Information Systems 71 Terms
TextbookMediaPremium $9.99 ed_liable
SAP FI Unit 3: Financial

80 Terms Accounting - Practice
Questions (Quizzes,
notes, etc)
36 Terms
Dulce_Angeles3
black1bh

New notes for review

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

New notes for review

Uploaded by

Copyright:

Available Formats

12/30/2019 New notes for review Flashcards | Quizlet

New notes for review

Terms in this set (188)

At which level do you At company code level only

On which organization Client

What information is Clearing document number

Which of the following Reference

Which parameters can Document number required

For which special G/L Vendor down payment request

Which is the first step in Down payment request

Which of the following Rank bank accounts for payment.

You define custom Company code currency

Which of the following Useful life (year or period)

How can you post Use the recurring entry program.

Execute the periodic accrual run.

Which of the following The payment amount is less than the

The invoice has a debit balance.

Which fields of a financial Payment term

Which entries do you Account Type

Field status group

What do you define in Bank determination

You use the ledger Area Posts in Real Time

ledger for an area 01 is

What posting option

How can you perform Configure the cross-company depreciation

Where is the billing Sales and Distribution

What technology did Compatibility views

Which of the following The system clears open items.

perform during the with necessary data.

You are getting ready to Line item text templates must be

What configuration items

Within the line items of Fl The field status of additional details

Whether the item is posted as a debit or

What information is The starting balance and the yearly

Which prerequisites must The reversal reason must allow negative

The company code must permit negative

Your customer wants to SAP Success Factors

Which of the following is Posting of a guarantee of payment

What checks does the Depreciation and asset balances are

What do you define Account types allowed for posting

Which of the following Reposting

What items are NOT Noted items

clearing program? Statistical postings

Items with withholding tax

What dunning-related Dunning block

Which data can you edit House bank

For which activities can Simulation of foreign currency valuation

Which statements best A chart of depreciation contains multiple

A chart of depreciation is a country-

Which of the following Document selection and data storage

The SAP Business 4

In which items of a Sales deductions in loss item

Which requirements do Add required authorizations for data aging

Which prerequisites must The reversal reason must be configured to

GAAP and IFRS, which

How can you set this up

Which steps are required Choose the area of application GL.

Define the substitution rule with its

What happens to the They are increased.

For which of the General ledger accounts

What settings can you Account determination key

Synchronization rules for asset and

When you post a manual Journal entry type