SAP S4 HANA Finance Associate Exam Prep

SAP S4 HANA Finance – Associate
1. Identify the criteria that usually differentiate between document change rules.
There are 2 correct answers to this question.
Open items
Account type
Asset class
Company code
3. You need to define a new document type with a specific document number range to post customer
invoices via interface from a non-SAP system. How would you define the document number range?
Please choose the correct answer.
You have to use external number assignment.
You can use internal, external or continuous number assignment.
You have to use continuous number assignment.
You have to use internal number assignment.
2. Which of the following product lines does the SAP S/4HANA system rely on for most human resource
management functions?
Concur
SAP Ariba
SAP Success Factors
SAP Hybris
4. SAP S/4HANA is the digital core of the intelligent enterprise. Which applications from the SAP
portfolio integrate with SAP S/4HANA to help you perform human resource management?
SAP Success Factors
SAP C/4HANA
SAP Ariba
SAP Fieldglass
19. Your customer wants to start using SAP S/4HANA line-of-business solutions. Which of these solutions
help you run human resource management processes?
Note: There are 2 correct answers to this question.
Page 1 of 50
SAP Fieldglass
SAP Concur
SAP Hybris
SAP Success Factors
5. What is the purpose of the reorganization of segments?
Enables merge of segments.
Enables segment derivation.
Enables segment deletion.
Enables segment reassignments.
6. Which of the following can you use for multiple programs with variants that are to be processed
automatically?
Online transactions
Flow definition
Remote tasks
Task list template
13. Which of the following has to be created and assigned to an organizational structure before the
Financial Closing Cockpit can be used?
Flow definitions
Programs
Subfolders
Task list template
7. Which of the following statements are valid for financial document number ranges?
Financial document number ranges defined at client level should NOT overlap.
Financial document number ranges are defined at company code level.
The same financial document number range can be assigned to several document types.
Page 2 of 50
All financial document number ranges can contain numbers and/or letters.
Financial document number ranges must be defined for the year in which they are used.
8. Which of the following are SAP Fiori design principles?
Role-based Responsive Routine Rational
9. Which of the following standard correspondence types can you use to exchange information with
customers and suppliers?
Bill of exchange charges statements
Payment notices
Dunning letters
Invoices
10. You have a debit amount of 50 and credit amount of 80 as balance on an account. This account is
assigned to the assets side in a financial statement version, with the debit indicator and the credit.
How is this shown on the balance sheet?
The balance is shown on the assets side.
The balance is shown on the liabilities side.
0 is shown on the assets side and 30 is shown on the liabilities side.
50 is shown on the liabilities side and 80 is shown on the assets side.
11. What type of architecture does SAP Business Workflow use?
Two-tier Three-tier Single-tier Four-tier
12. When procurement transactions are posted, which of the following steps is exclusively carried out in
Materials Management?
Choose the correct answer.
Creation of purchase order
Goods receipt
Invoice receipt
Page 3 of 50
14. What are the characteristics of a company in SAP S/4HANA?
It can be assigned to a company code.
It represents separate areas of operation within an organization.
It is responsible for costs and revenues within an organization.
It is considered for consolidation.
15. Which statements best describe a chart of depreciation?
A chart of depreciation is a country-specific object that is delivered with SAP S/4HANA.
A chart of depreciation contains multiple depreciation areas with a provision for addition and deletion
of depreciation areas.
A chart of depreciation is company-code-specific; therefore, two company codes CANNOT use the same
chart of depreciation.
A chart of depreciation is mandated by a country's statutory requirement and should be adopted as is.
16. which items of a financial statement version can you find values related to accounts for sales
deductions and material expenses?
Sales deductions in assets item
Material expenses in loss item
Sales deductions in loss item
Sales deductions in liabilities item
Sales deductions in loss item
Material expenses in liabilities item
17. For which of the following transactions can you use noted items?
Late payment
Down payment request
Vendor payment
Customer payment
18. 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?
Page 4 of 50
1 3 4 5
20. What is the maximum dunning level that can be assigned to a dunning procedure?
1 7 9 11
21. How do you configure depreciation areas in SAP S/4HANA?
Assign depreciation area 01 to the leading ledger.
Ensure each accounting principle is assigned to a depreciation area.
Assign a ledger group to each depreciation area.
Ensure depreciation areas always post to the general ledger.
22. What are some of the benefits of SAP S/4HANA?
The data is analyzed after it is extracted and loaded in the reporting system.
The data is available in real time at line-item detail.
The data is summarized into higher levels of aggregates to help system performance.
The data is aggregated on the fly from any line-item table.
23. What is the maximum number of steps possible in validation?
99 199 566 999
24. What are the two phases of AuC that are relevant to Asset Accounting?
Under-construction phase
Useful life phase
Assets transfer phase
Accounting phase
25. Which stage of the sales process creates documents for both Materials Management and Financial
Accounting?
Page 5 of 50
Shipping - delivery creation
Shipping - goods issue
Billing
Sales order creation
26. In Asset Accounting, which object do you use to handle separate valuation for parallel accounting?
Valuation area
Depreciation area
Chart of depreciation
Depreciation key
27. What checks does the year-end closing program (RAJABSOO) perform?
Depreciation and asset balances are posted in full.
Assets are complete and error-free.
Depreciation lists and the asset history sheet have been checked.
Last fiscal year has been updated.
28. Which SAP Fiori app type provides essential information about system master data and offers links
for navigating between related objects?
Configuration Fact sheet Transactional Analytical
29. Which business partner characteristic is mapped to the customer and supplier account groups?
Business partner grouping
Business partner type
Business partner category
Business partner role
30. The SAP HANA database relies on which of the following technologies for storing data?
There are three correct answers
In-memory
Aggregation
Indexing
Page 6 of 50
Columnar store
Compression
31. Which of the following are the steps of Intercompany reconciliation?
There are 3 correct answers to this question
Document selection and data storage
Automatic assignment of documents
Manual reconciliation and communication
Automatic presentation of reconciled and non-reconciled data
32. The usage of which of the following depreciation types can be activated per depreciation area?
Ordinary depreciation
Special depreciation
Unplanned depreciation
Scheduled depreciation
33. Your SAP S/4HANA 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?
Segment
Functional Area
Business Area
Cost Center
34. Which edition of SAP S/4HANA introduced the universal journal?
SAP S/4HANA 1511
SAP S/4HANA Cloud
SAP S/4HANA Finance 1503
SAP Business Suite powered by SAP HANA
35. In stock valuation, which of the following groups of stocks are valuated?
Page 7 of 50
Raw materials, supplies and consumables
Work in process
Goods invoiced
Finished goods
36. Your customer wants the document numbers for two separate document types to share the same
number range. How can you achieve this?
Create two external number ranges with the same range and assign one to each of the relevant
document types.
Create two internal number ranges with the same range and assign one each to the relevant document
types.
Enter the same document number range in the customizing definition of both document types.
Create a substitution rule that updates the document number based on the range you assign in the rule
definition.
37. Which program is used to enter accruals and deferrals regularly?
Compact document journal
Devising program
Recurring entry program
Ledger grouping
38. Which activities are supported by the regrouping program of receivables and payables?
Regrouping and clearing open items for affiliated companies on customers and vendors
Grouping receivables and payables by their remaining life
Regrouping of receivables and payables to accrual earnings or expense
Regrouping open items based on changed reconciliation accounts
39. Which tasks are stages of dunning execution?
Maintain the dunning parameters.
Schedule the dunning run.
Page 8 of 50
Maintain the dunning levels.
Schedule the dunning intervals.
40. Which information is checked by the system before a general ledger account k archived?
The assigned group account is already archived.
The Blocked for Posting indicator is set in master data.
The Mark for Deletion indicator is set in master data
The Open item Management indicator is set in master data
41. You need to enter a percentage rate in the terms of payment to calculate_____
Cash discount
Credit amount
Debit amount
Invoice discount
42. What must you do to create new validations and substitutions?
Note There are 2 correct answers to this question.
Select the relevant call-up point
Define the area of application
Deactivate all former validations and substitutions
Choose the chart of accounts
43. In an asset main number in Asset Accounting, which information can be different between
international GAAP and local GAAP?
Capitalization date
Net book value
Asset class
Deprecation start date
44. Which of the following methods can be used to transfer Asset Accounting (FI-AA) legacy data?
For a large quantity of legacy data, use batch input procedure (program RAALTD01)
Page 9 of 50
For a small quantity of legacy data, use AS100.
For a very large quantity of legacy data, use the direct input procedure (program RAALTD11)
For a large to very large quantity of legacy data, use the legacy data transfer using a BAPI interface
For a manageable quantity of legacy data, use the manual transaction code AS91 and ABLDT
45. Which prerequisite must be met by the technical clearing account for integrated asset acquisition?
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.
The account is created for all active company codes of the client.
The account is a reconciliation balance sheet account for fixed assets.
46. There are four dunning program steps that can be performed during the automatic dunning
procedure as follows: Arrange these steps into the correct sequence.
Maintain the parameters.
Schedule the dunning run.
Change the dunning proposal.
Start the dunning printout.
47. You want to quickly launch the balance sheet for the company code you are responsible for from the
SAP Fiori launchpad. What can you create to achieve this?
Your own financial statement version
Your own application tile
Your own application catalog
Your own application group
48. For which of the following special G/L transactions does the SAP S/4HANA application not update
the transaction figures?
Noted items
Customer account
Vendor account
Special general ledger account
49. Which of the following special G/L transactions are noted items?
Page 10 of 50
Guarantee of payment
Bill of exchange payment request
Down payment
50. What data do you maintain in the chart of accounts sections of a General Ledger account?
Consolidation data
User data
Authorization data
Reconciliation data
51. Which business scenarios can be handled with accrual and deferral postings?
Please choose the correct answer
One-time payment for fixing flooding damage
Monthly rent payments for an office building
One-time payment for one-year cloud storage service
Monthly subscription to a financial newspaper
52. Which of the following objects are relevant to the dunning program configuration?
Dunning levels Expenses or charges Minimum amounts Bank selection
53. What account types can you use to classify general ledger accounts in SAP S/4HANA?
Secondary costs
Non-operating expense or income
Balance sheet
Reconciliation accounts
Field status group
54. Which business partner categories are available to manage relationships?
Person Bank Organization Customer
Page 11 of 50
55. At what level is the bank master data stored in SAP S/4HANA?
At client level
At controlling area level
At company level
At company code level
56. In which application areas can you use validation?
Cost Accounting
Profit Center Accounting
Asset Accounting
Materials Management
57. How many intervals are defined for the foreign currency valuation run ID per client?
0 1 2 3
58. Customers using classic General Ledger Accounting can use RFBILAOO to create a financial statement
at which organization levels?
Client level
Business area level
Company area level
Segment level
59. You are creating an asset master record by 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?
Remove the sub-number indicator in screen layout maintenance.
Remove the reference indicator in screen layout maintenance.
Remove the main asset indicator in screen layout maintenance.
Remove the asset class indicator in screen layout maintenance.
Page 12 of 50
60. Which of the following fields can be changed in the document header?
Reference number
Document header text
Document date
Currency exchange rate
61. 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
62. Identify the steps performed during the general ledger closing operations for the fiscal year.
Foreign currency documents are valuated.
Accruals are carried out.
The balance carry forward program is run.
Vendor invoices are posted.
63. Your customer wants to use data aging for the universal journal. Which criteria can you use to decide
which data is moved to the historical partition?
Company code Ledger Account type Document type
64. What object determines the number range for business partner master data?
Business partner role
Business partner grouping
Business partner category
Business partner type
65. How many cash discount periods can be entered in the terms of payment?
Page 13 of 50
5 3 2 8
66. Which of the following currency types can you set in customizing activity "define setting for ledgers
and currency type"?
Transaction currency
Group currency
Material ledger currency
Local currency
67. What are some of the personalization options available to users in their SAP Fiori launchpad
environment?
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.
68. It is common for 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?
Posting date and entry date.
Document date and posting date.
Document date and asset value date
Posting date and asset value date
69. What must you do when you set up depreciation areas?
Assign an accounting principle for each depreciation area.
Define the relevant asset classes for each depreciation area
Define the valid depreciation keys for each depredation area.
Assign leading depreciation area 01 to leading ledger OL.
70. In which step of the SAP Financial Closing Cockpit configuration do you define parameters settings
for variables of program variants?
Template creation
Page 14 of 50
Task list release
Dependency definition
Task list creation
71. On what basis does the system determine the period for the asset retirement?
Asset value date (asset retirement date)
Net book value
72. Which parameter indicates that a line item can only be dunned with restrictions?
Dunning grouping
Dunning area
Dunning key
73. Which sequence of steps allows a three-way match in procurement transactions?
Purchase order, purchase requisition, invoice receipt
Purchase requisition, goods receipt, invoice receipt
Purchase order, invoice receipt, goods receipt
Purchase requisition, purchase order, goods receipt
74. Which fields of a financial accounting document influence the automatic payment program?
Payment type
Payment method
Payment term
Payment advice
Payment block
75. What are some features of SAP HANA?
SAP HANA is built on a hierarchical data model architecture.
SAP HANA is optimized to organize data using column stores.
Page 15 of 50
SAP HANA is optimized to work with aggregates and index tables.
SAP HANA allows transactional and analytical processing off the same tables.
76. What is controlled by the terms of payment? There are 3 correct answers to this question.
Account for cash discount received
Determination of the baseline date
Allowed account type
Default payment method
Setting for net procedure
77. Which functions allow you to temporarily save the entered data?
Parking function
Hold function
Save function
Insert function
78. Which of the following steps do you typically perform when executing the payment run with the
automatic payment program?
Maintain open item selection parameters.
Define maximum amounts to be paid per supplier.
Review the payment proposal exception list.
Rank bank accounts for payment.
79. What types of data are maintained for a house bank?
Overdraft limit
General Ledger account
Data medium exchange (DME) details
Payment signatories
80. True or False: Choosing between SAP S/4HANA and SAP S/4HANA Cloud is also a matter of required
scope.
Page 16 of 50
True False
81. What does the document type control? There are 2 correct answers to this question.
Which posting keys are allowed for postings
Whether negative postings are permitted
Whether exchange rate difference is permitted
Which account types are allowed for postings
82. When you create multiple similar asset master records, which of the following fields allow you to
make separate entries for each individual asset?
Description of the asset
License plate number
Inventory number
Cost center
Rank bank accounts for payment.
83. Which entries do you define when maintaining a G/L account?
Account Type
Field status group
Profit center
Account group
Ledger assignment
84. You have to run the foreign currency valuation for both US GAAP and IFRS, which leads to different
values for the two different accounting principles. How can you set this up in the system?
Define two valuation areas and two accounting principles with relevant links to ledgers.
Define two valuation methods and assign the accounting principles to the new valuation methods.
Define a valuation area and extension ledger to link with the new valuation area.
85. You are getting ready to post your first simple general ledger document using the SAP Fiori app for
posting in a test environment.
What configuration items do you need to set up to post a simple document?
Page 17 of 50
Line item text templates must be maintained.
Posting period variant must be created and assigned.
Tax types and tax codes must be maintained.
Number range and document types must be maintained.
86. How does the system behave when an invoice is processed as a residual payment?
The payment difference is written off.
The original document and payment are cleared.
The payment difference is posted to a different account
All documents remain in the account as open items.
87. What are the results when you post an outgoing partial payment?
Note_ There are 2 correct answers to this question.
The initial invoice remains open.
The initial invoice is cleared.
A payment is created with reference to the invoice.
A payment block is set on the invoice.
88. Which of the following retirement types is referred to as scrapping?
Unplanned depreciation of remaining value
Partial retirement without revenue and without customer
Complete retirement with revenue but without customer
Complete integrated asset retirement
89. For reporting purposes, your client would like to present information about customer postings that
are NOT reflected in the G/L. Which special G/L type do you recommend?
Statistical postings
Noted items
Bill of exchange
Free offsetting entries
90. Identify the three types of tolerances in accounting.
Page 18 of 50
Employee tolerance groups
G/L account tolerance groups
Customer/vendor tolerance groups
Special account tolerance groups
100. Which of the following procedures are available to check the balance of receivables and payables in
balance confirmations?
Balance confirmation
Balance notification
Balance adjustment
Balance request
101. For general ledger account posting, which one of the following standard posting keys is for debit?
01 31 40 50
102. What information is updated on the invoice when you post a complete payment?
Clearing document number
Clearing bank
Clearing reason code
Clearing date
103. What are the features of the Accrual Engine in SAP S/4HANA?
Complex postings with more than two line items are NOT possible.
The fiscal year variant of the general ledger is supported.
All currencies of general ledger are supported.
The FI reversal is NOT supported.
104. Which statements best describe a profit center?
It has to be used simultaneously with segments to create separate balance sheet and P&L statements.
Page 19 of 50
It is the only object from which segments can be uniformly derived.
It is the only object that can be uniformly derived using segments.
It is an element for which separate balance sheet and P&L statements can be created.
105. A general ledger account has a foreign currency setting of CAD. The company code currency is USD.
The controlling area currency is EUR.
Which currencies can you post to in this account?
You can only post to the account in CAD, USD, and EUR.
You can only post to the account in CAD.
You can only post to the account in CAD and USD.
You can only post to the account in USD.
106. The managerial closing activities include locking the old accounting period. Determine whether this
statement is true or false.
True False
107. You need to use foreign currency valuation in the ledger solution. Which objects must you define in
Customizing?
Account determinations
Value adjustment keys
Simulation extension ledger
Accounting principles
Valuation areas
108. What is the order of configuration within the SAP Financial Closing cockpit?
Create template, create task list, create tasks, define dependencies, release task list
Create template, create tasks, define dependencies, create task list, release task list
Define dependencies, create template, create tasks, create task list, release task list
Create task list, release task list, define dependencies, create template, create tasks
109. Which currency types can you set in customizing activity "define setting for ledgers and currency
type"?
Page 20 of 50
Material Ledger Currency
Transaction Currency
Local Currency
Group Currency
110. Which objects can be posted to by more than one company code?
Profit Center
Cost center
Business area
Segment
Sales organization
111. What do you configure to allow cross-company-code transactions?
Note – There are 2 correct answers to this question.
Special G/L indicator
Posting keys
Account types
Clearing accounts
112. Identify the reasons for archiving data.
Improving response times and ensuring good response times.
Lowering the effort involved in database administration.
Reducing the system downtime when carrying out software upgrades, recoveries and (offline)
database backups.
Using data as a backup.
113. Which field can you change on a posted invoice?
Special G/L indicator
Cost center
Page 21 of 50
Tax code
Payment terms
114. How does SAP S/4HANA reduce system complexity and improve system efficiency?
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
115. You can use Boolean logic to define different types of logical statements. Determine whether this
True False
116. Which attributes should you consider when defining asset number ranges?
Each asset class can have either an internal or external number range.
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.
117.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.
3 5 8 10
118. Which items can you clear with the automatic clearing program?
Bank transaction items
Noted items
Items with withholding tax entries
119. What is the format of a company code key?
Two-digit alphanumeric
Four-digit alphanumeric
Six-digit alphanumeric
Page 22 of 50
Eight-digit alphanumeric
120. True or False: Anyone with an appropriate user name and password can log on to the SAP Fiori
launchpad through a web browser.
True False
121. In your SAP S/4HANA system, you report financial values for three separate accounting principles.
You post an acquisition for an asset that is capitalized in a single accounting principle.
If you use the application to post integrated asset acquisitions, how many documents will the system
post? Please choose the correct answer.
1 2 3 4
122. Which steps are required to create a substitution in Financial Accounting?
Choose the area of application GL.
Define the substitution rule with its different steps using the formula editor.
Activate the substitution rule.
Assign the substitution rule to the controlling area.
123. Which activities can you perform with a recurring journal entry?
Note: There are 2 correct answers to this question
Create monthly postings on any date of a month.
Determine the number of postings.
Obtain an overview of related future postings.
Set rules to distribute amounts to be posted.
124. Which General Ledger account type do you select to perform activity cost allocations?
Primary costs or revenue
Non-operating expense or income
Secondary costs
Balance sheet
125. Which SAP technological product provides the platform required for SAP to support the digital
transformation of an organization?
SAP HANA SAP CRM SAP Fiori SAP NetWeaver
Page 23 of 50
126. Which of the following functions include the important functions of the SAP List Viewer tool?
Setting filters
Defining print parameters
Deleting and inserting columns
Calculating totals and subtotals
127. Which of the following is an example of an automatic offsetting entry?
Bank posting of a received down payment
Posting of a guarantee of payment
128. Where is the billing document created?
Financial Accounting
Sales and Distribution
Accounting
Materials Management
129. When can you set the open item management indicator in a general ledger account?
When an account is required for clearing
When an account is used as a reconciliation account
When an account is set up as a cost element
When an account has a zero balance
130. Identify some of the fields related to the depreciation area in the asset master record.
Depreciation start
Asset description
Useful life
Scrap value
Page 24 of 50
131. You are configuring accrual types for the accrual engine. For which postings is account
determination required?
Opening and Closing Posting only
Opening Posting only
Periodic only
Closing Posting only
132. Where can an SAP Fiori end user change the theme of their launchpad?
In the Me area of the launchpad
In the Tile Catalog area of the launchpad designer
In the Tile Group area of the launchpad designer
In the UI theme designer
133. 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.
True False
134. You forgot to add a new general ledger account into the financial statement version. What impact
does this have on the net profit and net loss?
The balance of the new account is added to the non-assigned section and is included in the calculation.
The balance of the new account is added to the notes in the financial statement item section and is
excluded from the calculation.
The balance of the new account is added to the non-assigned section and is excluded from the
calculation.
The balance of the new account is added to the notes in the financial statement item section and is
included in the calculation.
135. You want to edit a dunning proposal. Which actions can you perform to edit a dunning proposal?
Change a document.
Change the dunning data of an account.
Lower the dunning level of an item.
Page 25 of 50
Block an account.
Block a line item.
136. 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.
137. A document has several line items, with different reason codes entered. For the automatic
payment, which correspondence type does the system choose?
The one assigned to the tolerance group
The one in the first line item
The one in the line item with the largest amount
The system prompts for the user to assign one
138. What is the difference between the ledger approach and the accounts approach to parallel
valuation in Asset Accounting?
In the ledger approach, you assign a ledger group to every depreciation area, unlike the accounts
approach.
In the accounts approach, you assign a completely separate set of accounts for each accounting
principle, unlike the ledger approach.
In the accounts approach, you define a technical clearing account for integrated asset acquisitions,
unlike the ledger approach.
In the ledger approach, you maintain additional depreciation areas to post the delta valuation of each
accounting principle, unlike the accounts approach.
139. What settings can you define specifically for an asset class?
Asset under construction category
Page 26 of 50
Synchronization rules for asset and equipment
Account determination key
Default transaction type for asset posting
Maximum amount for low-value assets
140. Which fields can you edit before posting a parked document?
Currency
Document type
Posting date
Amount
Account
141. Which standard currency types must be used when configuring the currency settings for company
codes?
Document currency
Company code currency
Group currency
Controlling area currency
142. Financial statement versions consist of a maximum of 10 hierarchy levels. Determine whether this
True False
143. You want to specify the financial statement version for asset reports in Customizing. Where do you
need to assign the financial statement version?
To each company code
To each accounting principle
To each depreciation area
To each chart of depreciation
Page 27 of 50
144. What is the name of the leading ledger that SAP provides with the standard system?
OL 1L 2L 3L
145. What do you need to do to configure a new exchange rate type in SAP S/4HANA?
Specify a purpose for the exchange rate type.
Maintain exchange rates daily.
Specify the direct or indirect quotation.
Set up the relationship between currencies using translation ratios.
146. You want to configure the default baseline date for the payment terms of an incoming invoice.
From which date can you derive the baseline date?
Entry date
Document date
Goods receipt date
Posting date
Value date
147. You want to make the Reference Document Number field required for entry. Which object controls
this setting? Please choose the correct answer.
Document type
Document reference key
Document field status
Document posting key
148. You are posting an incoming payment against an invoice. Which document values does the user
tolerance group control?
The cash discount percentage allowed for the complete document
Page 28 of 50
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
149. Your customer wants the values for a special group of assets to be shown separately in the general
ledger. Which objects do you create in Customizing for Asset Accounting?
Depreciation area
Financial statement version
Account determination key
Asset class
150. Where do you indicate that the useful life of the asset sub-number is identical to the useful life of
the main asset?
In the screen layout of the asset master record
In the asset master record of the main asset
In the screen layout of the depredation area
In the account determination of the asset class
151. Which of the following components make up an archiving object?
Data declaration part
Customizing settings
Programs
Variables
152. Which parameters can you specify when you create a new correspondence type?
Company code required
Number of date fields required
Page 29 of 50
Account required
Document number required
Reason code required
153. You are running an international business and you want to set up separate legal entities to run
operations and perform accounting activities.
Which organizational unit do you need to create for each legal entity?
Segment
Company code
Company
Controlling area
154. Which of the following are valid settlement receivers when you perform settlement for an asset
under construction on a line-item basis? There are 2 correct answers to this question.
Profit center
Cost center
Fixed asset
Functional area
155. What is the recommended field status setting for fields in the customer-vendor account groups in
the Financial Accounting customizing?
Display
Hide
Required
Optional
156. What is the purpose of period interval 3 when you define open and closed periods?
It is used for the authorization object for posting periods.
It is used for posting from CO to FI.
Page 30 of 50
It is used for period lock in special purpose ledger.
It is used for special period posting.
157. What items are NOT cleared by the automatic clearing program?
Items with value added tax
Noted items
Items with withholding tax
Items with sales and use tax
158. What are the benefits of public cloud deployments of SAP S/4HANA?
IT cost savings
One-time license investment
Increased customizing flexibility
Always up to date
159. Which of the following statements best describe a noted item?
It updates the subledger and the general ledger.
It can be used to remind the user about due payments.
It can be accessed by the payment program.
It has an automatic statistical offsetting entry.
160. The SAP Business Workflow process dimensions.
Two Three Four Five
Page 31 of 50
161. For which activities can you use an extension ledger?
Configuration of custom fields for financial statements
Simulation of foreign currency valuation
Adjustments for consolidation purposes
Parallel valuation of depreciation areas
162. The government announces that it plans to change the basic VAT tax percentage from 20% to 18%.
What do you have to do in the system to comply?
Create new tax codes with the 18% percentage for input tax.
Change the tax percentage for existing input tax codes to 18%.
Create new tax codes with the 18% percentage for input and output tax.
Change the tax percentage for input and output tax codes to 18%.
163. Which of the following lists support the dunning clerk’s work?
The dunning history list
The blocked accounts list
The dunning list
The list of vendor balances in local currency
164. You need to make the line item text field mandatory during document entry. Which objects should
you analyze to fulfill this request?
Account group Posting key G/L account Document type
165. Which of the following are the characteristics included in general ledger drilldown reports?
Total debit balance Company code Business area Segment
Page 32 of 50
166. Which deployment option do you recommend to customers who want to always be on the latest
release of SAP S/4HANA?
SAP S/4HANA on-premise
SAP S/4HANA Finance
SAP S/4HANA Cloud
SAP S/4HANA with Central Finance
167. Which data can you edit in the payment proposal?
House bank
Payment block
Payee
Cash discount
Invoice amount
168. Which of the following options are included in the Asset Explorer?
Drill down to Financial Accounting (FI) document.
Post documents.
Display depreciation calculation.
Drill down to reports.
169. Which elements define the integration of asset acquisitions to the general ledger?
Depreciation keys
Valuation area
Asset class
Depreciation area
Page 33 of 50
170. What is the first step in the reconciliation process?
Communicate differences
Collect data from different companies
Present reconciled and non-reconciled data
171. Which of the following statements apply to the special general ledger types of noted items?
No special general ledger indicators of your own can be created of this type.
The account for the offsetting entry is selected automatically.
No postings are made on an offsetting account.
Noted items are posted to an alternative reconciliation account.
No zero-balance check is made in the system.
172. What should you check if the balance of the GR/IR account is not zero at the purchase order item
level on the balance sheet key date?
Check to see if the goods were invoiced by the key date, but have not yet been delivered.
Check to see if the goods were ordered by the key date, but have not been received.
Check to see if the goods were delivered by the key date, but have not yet been invoiced.
Check to see if the goods were produced by the key date, but have not been invoiced.
173. Identify the callup points that have been provided for Financial Accounting (FI).
Document header
Controlling area
Document line
Organizational unit
Complete Document
Page 34 of 50
174. 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
175. How do you identify an asset as an asset under construction?
The asset belongs to a specific asset class.
The ordinary depreciation start date is empty.
The asset is assigned to NO depreciation area.
The asset capitalization date is empty.
176. You want to create a substitution in Financial Accounting. Which parts do you have to define for
each step of the substitution?
Check Replacement Message Prerequisite
177. Which of the following original Management Accounting objects can you assign in the asset master
record? There are 3 correct answers to this question.
Activity type Cost element Order Cost center
178. Which deployment options exist for SAP S4HANA?
Central hub deployment
Cloud deployment
Hybrid deployment
On-premise deployment
Agile deployment
Page 35 of 50
179. On which levels can you maintain field status controls for business partners (BP)? There are 3
correct answers to this question.
Company code
Client
BP type
BP category
BP role
180. Which dates can you use for tax calculation?
Document date Entry date Posting date Due date
181. Which of the following types of tasks are available in the Financial Closing Cockpit application?
Online transactions
Task list template
Flow definition
Remote tasks
182. Data in the SAP HANA database is stored in which two ways?
Random Vector Column Row
183. Which data sections are part of every asset class?
Depreciation data section
Master data section
Account determination data section
Valuation area data section
Page 36 of 50
184. Which of the following segments contains the general data of a customer or vendor that can be
accessed throughout the organization?
Organization level
Client level
Company code
Account level
185. Identify the fields that cannot be changed while changing parked documents.
Currency
Document type or document number
Company code
Account assignment objects
186. Which prerequisites must be fulfilled to allow for negative postings of journal entries?
The reversal reason must be configured to allow negative postings.
The reversal accounts must be configured to allow negative postings.
The company code must allow negative postings.
The posting key must allow negative postings.
187. What kind of customization can users do on their launchpad?
Change the name of tile groups
Create their own tile groups.
Change the names of tiles.
Change the icons on tiles.
Page 37 of 50
188. You define custom currency type Z1 for your company code. Which currency types must be stored
in the Data Entry view?
Company code currency
Custom currency type Z1
Document currency
Object currency
189. 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 interval 1
An authorization group to period interval 2
An authorization group to period intervals 1 and 2
An authorization group to period intervals 2 and 3
190. 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
Acquisitions
Imputed interest
Reposting
191. Message can contain up to six fields. Determine whether this statement is true or false.
True False
192. What do you define in payment terms? Note: There are 2 correct answers to this question.
Tolerance days
Cash discount
Posting key
Due date specification
Page 38 of 50
193. Which of the following are possible reasons that an invoice would not be paid?
The invoice has a debit balance.
An invalid house bank is selected.
The discount period has expired.
The payment amount is less than the minimum amount specified for a payment.
194. During which actions does the system assign the document number for Financial Accounting?
Park
Hold
Post
Simulate
195. For which type of account is the line item display generally active?
Reconciliation account
Customer account
Vendor account
Special general ledger account
196. Which requirements do you need to fulfill to use data aging for Finance in the SAP S/4HANA
system?
Switch on the data aging business function.
Define the logical file path as a global path for data aging.
Add required authorizations for data aging to your role.
Activate data aging for your company code.
Activate aging on SAP HANA.
Page 39 of 50
197. How can you post accruals?
Run the depreciation program.
Use the recurring entry program.
Execute the periodic accrual run.
Post manually at the end of a period, quarter, or year.
Reclassify the receivables and payables.
198. Which prerequisites must be fulfilled before you can use negative postings?
The company code must permit negative postings.
The reversal reason must allow negative postings.
The reversal reason must allow alternative posting dates.
The posting key must permit negative posting.
199. You are responsible for configuring document splitting. What are some of the key settings?
Business transaction variant
Field status variant
Document number range
Document type
200. What is the correct order of steps when you use the SAP I financial Closing Cockpit?
1 Create template 2 Create tasks 3 Define dependencies 4 Create task list 5 Release task list
1. Create tasks 2. Define dependencies 3. Create template 4. Create task list 5 Release task list
1 Create template 2 Create tasks 3. Create task list 4. Define dependencies 5. Release task list
1. Create tasks 2. Define dependencies 3 Create task list 4. Create template 5. Release task list
Page 40 of 50
201. Which of the following are posted in the program FAA_DEPRECIATION_POST?
Ordinary depreciation such as book depreciation or imputed depreciation
Unplanned depreciation or other manually planned depreciation
Imputed interest
Parallel APC values
202. When you post a manual incoming payment, which parameters are valid for all payment
documents?
Residual item
Journal entry type
Tolerance group
Bank account
203. You use the ledger 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?
Area Does Not Post
Area Posts Depreciation Only
Area Posts APC Immediately, Depreciation Periodically
Area Posts in Real Time
204. 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.
Columnar store
Compatibility views
Data aging Indices
Page 41 of 50
205. Your customer- performs pre-closing activities on the last day of the month. Which activities are
typically executed during pre-closing?
Post recurring entries for the general ledger.
Create the asset history sheet for asset accounting
Process bad debt expenses for accounts receivable.
Perform foreign currency valuation for accounts payable.
206. In your system, you currently perform manual outgoing payments, and you want to use the
automatic payment program.
Which settings must you maintain as part of the configuration of the automatic payment program?
Payment terms
Special G/L indicators
Bank determination
Paying company codes
207. Which data do you define on the bank master record?
Payment and dunning information
Address data and control data
A unique bank country
Corresponding business area
208. True or False: The only version of the public cloud edition of SAP S/4HANA a customer can be on is
the latest released version.
True
False
Page 42 of 50
209. The dunning run is made up of three main steps that happen in a particular sequence. What is the
correct sequence of steps?
Account selection - Item selection - Dun line items
Item selection - Dun account - Dun line items
Item selection - Dun line items - Dun account
Account selection - Dun line items - Dun account
210. On which organization unit level do you define a chart of depreciation?
Company code
Asset class
client
Chart of accounts
211. What does the document splitting do?
It enriches all secondary cost element account lines with the defined splitting characteristics.
It enriches all profit and loss account lines with the defined splitting characteristics.
It enriches all relevant balance sheet account lines with the defined splitting characteristics.
It enriches all revenue account lines with the defined splitting characteristics.
212. Which reporting tools are available with SAP S/4HANA embedded analytics?
Query Browser
KPI modelling apps
SAP Analysis for Microsoft Office
SAP Analytics Cloud
Page 43 of 50
213. For which special G/L indicator do you specify a target special G/L indicator?
Vendor down payment request
Bill of exchange
Guarantee given
Customer down payment
214. Which statement best describes the normal reversals functionality?
Executes a transfer posting by resetting the transaction figures.
Executes an inverse posting by increasing the transaction figures.
Executes the inverse posting of a cleared document before resetting it.
Executes an inverse posting by resetting the transaction figures.
215. You want to post journal entries in a special period. Which conditions must be met?
You must have specific authorization to post in special periods.
The special period must be open for posting in the period control.
The balance carry-forward to the new fiscal year must have taken place.
You must enter a posting date in the last posting period.
216. 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
Ledger assignment
Page 44 of 50
217. After you collect data in the Intercompany Reconciliation tool, what are the next steps of the
reconciliation process?
1. Store the data.
2. Present reconciled and non-reconciled data.
3. Post the correction documents.
4. Communicate differences.
2. Store the data.
3. Present reconciled and non-reconciled data.
1. Store the data
2. Present reconciled and non-reconciled data
1. Present reconciled and non-reconciled data
3. Store the data.
218. Which of the following are standard correspondence types?
Payment proposal
Payment notice
Open items list
Account statement
Document journal
Page 45 of 50
219. What are the maintenance levels of a screen layout rule for asset classes?
Depreciation area, asset class, main asset number, subnumber
Asset class, main asset number, subnumber
Asset class, depreciation area, main asset number, group asset
Main asset number, subnumber, depreciation area
220. Identify the application areas where validations and substitutions can be used.
FI – Financial Accounting
CO – Cost Accounting
SD – Sales and Distribution
AA – Asset Accounting
221. Which statements best describe extension ledgers in SAP S/4HANA?
Multiple extension ledgers can point to the same underlying ledger.
Extension ledgers can have different currencies than the underlying ledger.
Extension ledgers can be assigned their own fiscal year variant.
Extension ledgers can be assigned their own posting period variant.
222. Within the line items of Fl documents, what does the posting key control?
The field status of additional details
The account type to which the line item can be posted
The account group to which the line item can be posted
Whether the item is posted with reference to primary or secondary cost element
Whether the item is posted as a debit or credit
Page 46 of 50
223. What do you define in Customizing for the payment program?
Forms for the payment media
Exchange rate type
Payment run ID
Allowed currencies
Bank determination
224. You are configuring depreciation areas in Asset Accounting. Which of the following settings is NOT
permitted? Please choose the correct answer.
Area posts depreciation only
Area does not post
Area posts revaluation only
Area posts in real time
225. 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
Tax code
Country key
Sequence of steps
Condition type
Account or transaction key
226. Which of the following activities does the system perform during the payment run?
The system exports a list of documents to be paid.
The system makes postings to the G/L and AP/AR subledgers.
The system clears open items.
The system supplies the print programs with necessary data.
Page 47 of 50
227. True or False: In an environment of systems using SAP HANA, you can perform both OLAP and OLTP
processing without duplication of the data for the SAP BW and SAP ERP systems.
True
False
228. True or False: SAP S/4HANA replaces SAP ERP and development and support are shifted completely
to it.
True
False
229. SAP HANA makes extensive use of which high-speed hardware technology to offer more speed?
Read-only memory
Solid-State Drives (SSDs)
Graphic Processing Units (GPUs)
Multicore CPUs
230. Which of the following statements are correct?
A company code can be assigned several workflow variants.
A task can be assigned only one possible processor.
It is possible to design multilevel workflow sequences.
The same workflow variant can be assigned to several company codes.
231. Which is the first step in the procedure of making down payments in the customer area?
Down payment received
Customer invoice
Clearing
Page 48 of 50
232. What are the pillars of the SAP Fiori user experience paradigm?
User-based
Simple
Role-based
Vibrant
233. What is the recommended organizational unit for cost-of-sales accounting?
Business area
Sales area
Controlling area
Functional area
234. What is the purpose of the group account number in General Ledger account master data
maintenance?
It acts as the key to identify the balance sheet and profit-and-loss accounts in the financial statement
version.
It determines the fields in the entry screen when you create or update a master record in the company
code
it is used for cross-company-code reporting if the company codes use different charts of account.
It defaults the number interval that is applied for the G/L account number in the company code.
235. 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 client level data
Change account descriptions
Page 49 of 50
236. In a valuation method, which of the following is not a valuation approach for foreign currency
valuation?
Lowest value principle
Strict lowest value principle
Revalue only
High rate of interest principle
236. At which level do you assign the print program to the correspondence type?
At company code level only
At client or company code level
At system level
At client level only
237. In the SAP S/4HANA application, the payment program and dunning program can access noted
items for further processing. Determine whether this statement is true or false.
True
False
238. You are starting the fiscal year-end process in Asset Accounting in SAP S/4HANA. What are the
year-end closing program checks for Asset Accounting?
Fixed asset fiscal year change is complete.
Assets are complete and error free
General ledger and subledgers are closed.
Depreciation is posted in full
Page 50 of 50

SAP S4 HANA Finance Associate Exam Prep

Uploaded by

Document Information

Original Description:

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

SAP S4 HANA Finance Associate Exam Prep

Uploaded by

Copyright:

Available Formats

SAP S4 HANA Finance – Associate

There are 2 correct answers to this question.

Please choose the correct answer.

You have to use external number assignment.

You can use internal, external or continuous number assignment.

You have to use continuous number assignment.

You have to use internal number assignment.

Please choose the correct answer.

SAP Success Factors

There are 2 correct answers to this question.

SAP Success Factors

Note: There are 2 correct answers to this question.

SAP Success Factors

5. What is the purpose of the reorganization of segments?

There are 2 correct answers to this question.

Enables merge of segments.

Enables segment derivation.

Enables segment deletion.

Enables segment reassignments.

Please choose the correct answer.

Task list template

Please choose the correct answer.

Task list template

There are 3 correct answers to this question.

Financial document number ranges are defined at company code level.

8. Which of the following are SAP Fiori design principles?

There are 2 correct answers to this question.

Role-based Responsive Routine Rational

Note: There are 2 correct answers to this question.

Bill of exchange charges statements

How is this shown on the balance sheet?

The balance is shown on the assets side.

The balance is shown on the liabilities side.

0 is shown on the assets side and 30 is shown on the liabilities side.

50 is shown on the liabilities side and 80 is shown on the assets side.

11. What type of architecture does SAP Business Workflow use?

Please choose the correct answer.

Two-tier Three-tier Single-tier Four-tier

Choose the correct answer.

Creation of purchase order

14. What are the characteristics of a company in SAP S/4HANA?

There are 2 correct answers to this question.

It can be assigned to a company code.

It represents separate areas of operation within an organization.

It is responsible for costs and revenues within an organization.

It is considered for consolidation.

15. Which statements best describe a chart of depreciation?

There are 2 correct answers to this question.

A chart of depreciation is a country-specific object that is delivered with SAP S/4HANA.

Sales deductions in assets item

Material expenses in loss item

Sales deductions in loss item

Sales deductions in liabilities item

Sales deductions in loss item

Material expenses in liabilities item

Please choose the correct answer.

Down payment request

Please choose the correct answer.

Choose the correct answer.

21. How do you configure depreciation areas in SAP S/4HANA?

There are 2 correct answers to this question.

Assign depreciation area 01 to the leading ledger.