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Q1: When is it possible to set the open item management indicator in the general ledger account?

1. When an Account has a zero balance


2. When an account is setup as balance sheet account

Q2: Which of the following closing activities is so called technical closing step?

1. Perform valuation of open items in foreign currency

Q3: You are starting the fiscal year end process in asset accounting in SAP S/4 HANA.

What are the year end closing program checks for asset accounting?

1. Depreciation is posted in full for all assets


2. Asset Master data is complete and without errors

Q4: What dunning related data do you maintain on the business partner master record?

1. Dunning Area
2. Dunning Block

Q5: You are a group cash manager interested in the north American business market.

What are the personalization options available to you in SAP Fiori?

1. You can create a tile to take you directly to the cash position of the north American business
market.
2. You can manage user access to relevant apps for your team without help from an administrator.

Q6: What is the difference between the ledger approach and the accounts approach to parallel
valuation in Asset Accounting?

1. Unlike the ledger approach, in the accounts approach, you assign a separate set of accounts for
each accounting principle.

Q7: How can you create an asset under construction?

1. Automatically, when setting capex cost from an internal order


2. Automatically, when creating an investment measure

Q8: Which of the following is a technical year end closing activity in SAP S4 Hana?

1. Ledger balances must be carried forward

Q9: Which field can you change on a posted invoice?

1. Baseline date

Q10: What are some features of SAP S4 HANA?

1. SAP hana is optimized to organize data using column stores


2. SAP Hana allows transactional and analytical processing from the same table

Q11: You would like setup Low Value Asset (LVA) management. What do you need to do?

1. Define a base unit of measure for LVA in individual management.

Q12: What are prerequisites for the 3-way match to work in procurement transactions?

1. Invoice receipt posted in reference to the purchase order


2. Invoice receipt posted before the goods receipt

Q13: How does the system perform the normal reversal of a journal entry?

1. It creates an inverse posting by increasing the transaction figures

Q14: Which of the following statement best describe a noted item

1. It updated the subledger and general ledger


2. It has an automatic statistical offsetting entry

Q15: Which Date is used to determine the depreciation start date?

1. Asset Value Date

Q16: Which of the following you consider when defining asset number ranges?

1. Each Asset number range must be assigned to a unique asset class


2. Asset number ranges are defined for asset classes and are company code specific

Q17: You are asked to explain how assets under construction work in SAP S4HANA. What should you
highlight?

1. It’s possible to post credit memos, even after assets under construction are fully capitalized.
2. Its possible to post special tax depreciation and investment support for asset under construction.

Q18: You must run the foreign currency valuation for both US GAAP and IFRS, which leads to different
values for the two different accounting principles.

1. Define two valuation methods and assign the accounting principles to the new valuation methods.

Q19: You are configuring asset related postings of depreciation areas in Asset Accounting for a company
code that uses the ledger approach to parallel valuation.

Which of the following settings would lead to an error?

1. Area Posts APC immediately, depreciation periodically

Q20: You want to post journal entries in special period.

Which conditions must be met?

1. The special period must be open for posting in period control


2. You must enter a posting date in the last posting period

Q21: Which information is part of the Bank Master Data?


1. Control Data
2. Address Details

Q22: You assign currency type 40 to your company code in ledger OL.

Which source currency types can you select?

1. Company Code Currency


2. Document Currency

Q23: What are the maintenance levels for a screen layout rule for asset master data?

1. Asset Sub number


2. Asset Class
3. Main Asset Number

Q24: What achieving step must precede archiving a supplier invoice posted directly to FI?

1. Archive FI transaction figures

Q25: Which parameters can you specify directly when you create a new correspondence type?

1. Number of date field required


2. Account required
3. Document number required

Q26: Which items are not cleared by the automatic clearing program?

1. Statistical postings
2. Noted Items
3. Items with withholding tax

Q27: Which elements define the integration of asset acquisition with the general ledger?

1. Asset Class
2. Depreciation Area

Q28: What can you control with the reason code in Accounts Receivable?

1. The Account where a residual item is posted


2. The type of payment notice sent to a customer
3. The exclusion of disputed residual items from credit limit checks

Q29: You are running an international business and you want to setup separate legal entities to run
operations and perform accounting activities which organizational unit do you need to create for each
legal entity?

1. Company Code

Q30: Besides using profit center, which options does general ledger accounting with document splitting
provide to assign a segment to the posting line?

1. BADI Implementation (FAGL_DERIVE SEGMENT)


2. Standard account assignment, using constants

Q31: Which parameters indicates that a line item can be dunned only with restrictions?

1. Dunning Key

Q32: You have been asked to setup house banks as part of the implementation.

What information do you need?

1. Bank Master Data


2. Company Code
3. General Ledger account

Q33: What are the key reasons of preferring a new implementation of SAP S4HANA rather than a system
conversion from SAP ERP?

1. You want to clean up your system and use SAP best practices
2. You want to deploy SAP S4HANA Cloud.

Q34: In your SAP HANA System, you report financial values for two 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 acquisition, how many documents will the system
post?

1. 3

Q35: What do you need to do configure a new exchange rate type in SAP S4 HANA?

1. Maintain exchange rates daily


2. Setup the relationship between currencies using translation ratios

Q36: In your system, you currently perform manual outgoing payments and you want to use the
automatic payment program.

Which new setting must you maintain as part of the configuration of the automatic payment program?

1. Paying Company Codes


2. Bank Determination

Q37: To use the SAP Financial closing cockpit, which steps are required?

1. Create a template
2. Release the task list
3. Define task dependencies

Q38: You are responsible for implementing asset accounting. You are provided with the legacy data of
various assets and their grouping information based on classification, useful life, and depreciation
terms.

What configuration step would you initiate to maintain these categories in SAP S4 HANA?
1. Define the depreciation area to transfer all the legacy data

Q39: On Which levels can you maintain field status controls for business partner (BP)?

1. BP Type
2. BP Role

Q40: 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?

1. Entry Date
2. Document Date
3. Posting Date

Q41: You post a purchase order.

For which expenses does the system calculate accruals?

1. Consulting Services
2. Insurance Premiums

Q42: You forgot to add a new general ledger account to the financial statement version.

What impact does this have on the net profit and net loss?

1. The balance of the new account is added to the non-assigned section and is excluded from the
calculation

Q43: What is shared between all deployment options for SAP S4 HANA (Cloud, On-Premise)?

1. Data Model
2. Code Line
3. User Experience

Q44: You want to create a substitution in financial accounting.

Which parts do you have to define for each step of the substitution?

1. Substitution values
2. Callup Point

Q45: 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?

1. Number range and document types must be maintained


2. The posting period variant must be created and assigned

Q46: You want to configure the tax calculation procedures. What are the main elements you need to
define?

1. Sequence of Steps
2. Condition Type
3. Account Key

Q47: How can you define matching method for intercompany reconciliation?

1. It must be defined as configuration

Q48: Which of the following steps do you typically perform during a payment run with the automatic
payment program?

1. Review the payment proposal exception list


2. Maintain open item selection parameters

Q49: How does Sap S4 HANA support the treatment of taxes?

1. It performs tax adjustments for cash discounts and other forms of deductions
2. It checks the tax amount entered and automatically calculates the tax
3. It posts the tax amount to tax accounts

Q50: What are some of the benefits of how data is handled in SAP S4 HANA?

1. The data is available in real time at line item detail


2. The data is aggregated in real time from any line item table

Q51: How does the system determine the correspondence type of a payment notice?

1. According to the reason code, as long as all reason codes carry the same correspondence type

Q52: Which closing activities are performed for external reporting as per SAP best practices?

1. Perform flat rate value adjustment for receivables


2. Regroup receivables and payables on the balance sheet
3. Perform valuations of open items in foreign currency

Q53: The country that you company code operates in has defined a new VAT rate tax percentage of
15%, which will become effective at the start of the next fiscal year. You create the new VAT codes 05
and 15 to cover this requirement.

How can you ensure that users use the new tax codes when entering tax relevant documents starting
next year?

1. Enter the appropriate new VAT code in the tax category field of the relevant expense and revenue
G/L accounts after balance carry forward is done.

Q54: Which of the following statements best describes how customer down payments are integrated
with sales & Distribution (SD)?

1. A down payment request is created as an SD billing document, which is automatically posted in FI


as noted item.

Q55: Which characteristics maps the business partner to the customer and supplier account groups?

1. Business Partner Grouping


Q56: For which account can you perform account clearing in SAP S4 HANA?

1. For any account that is managed on an open item basis

Q57: Do you configure depreciation areas in SAP S4 HANA?

1. Assign each accounting principle to a depreciation area


2. Ensure a ledger group is assigned to each accounting principle

Q58: What is the recommended organizational unit for cost of sales accounting?

1. Functional Area

Q59: You perform foreign currency valuation for open items of your supplier accounts. The valuation
will be used only for period end reporting and should then be reversed.

What account does the system use to post the valuation differences?

1. Adjustment G/L account for foreign currency

Q60: Which statements best describe extension ledgers in SAP S4 HANA?

1. Multiple extension ledgers can point on the same underlying ledger


2. Extension ledgers can be assigned their own posting period variant

Q61: What do you define when configuring asset classes?

1. Number ranges
2. Screen Layout rules
3. Account determination

Q62: How does and automatic intercompany asset transfer work?

1. It assumes that the transfer happens between two independent legal entities

Q63: Which Prerequisites must be filled to allow for negative postings of journal entries?

1. The reversal reason must be configured to allow negative postings


2. The company code must allow negative postings

Q64: Which statements best describe a profit center?

1. It is the only object from which segments can be uniformly derived


2. It is an object for which sperate balance sheet and P&L Statements are created, whether segments
are being maintained or not.

Q65: You want to edit a dunning proposal. Which actions can you perform?

1. Lower the dunning level of an item


2. Block a line item
3. Block an account

Q66: What are the features of the Accrual engine in SAP S4 HANA?
1. The fiscal year variant of the general ledger is supported
2. All Currencies of the general ledger are supported

Q67: Your SAP S4 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?

1. Functional Area

Q68: For which special G/L indicator do you specify a target special G/L indicator?

1. Vendor down-payment request

Q69: What does the document splitting function do?

1. It enriches all relevant balance sheet account lines with the defined splitting characteristics
2. It enriches all customer and vendor line items with the defined splitting characteristics in the
relevant subledgers.

Q70: What does the document type control?

1. Whether postings to secondary cost accounts are permitted


2. Which account types are allowed for posting
3. Whether negative postings are permitted

Q71: You define customer currency type Z1 for you company code. Which currency type must be stored
in Data Entry view?

1. Company Code Currency


2. Document Currency

Q72: You need to post customer invoices through an interface with a non-SAP system. You want to
define a new document type with a specific document number range that matches the document
numbers of the source system. How do you define the document number range?

1. You must use external number assignment

Q73: A general ledger account is defined with the account type “Non-operating Expense or Income”.
Where can this account be used?

1. Profit and loss account that is used in profit center accounting:

Q74: Which of the following statements are valid for functional document number ranges?

1. Financial document number ranges are defined only at company code level
2. The same financial document number range can be assigned to several document types
3. All functional document ranges can contain numbers and /or letters.

Q75: IN SAP S4 HANA System, you want to achieve the G/L accounts that are not used by the business
in any company code. What are prerequisites to archiving all data of G/L account?
1. There are no transaction figures for the account
2. Set the deletion flag in the chart of accounts data of the G/L account
3. Set the deletion flag in the company code data of the G/L account

Q76: Which field of a financial accounting document influence the automatic payment program?

1. Terms of Payment
2. Payment transaction
3. Payment method

Q77: Which of the followings are valid settlement receivers, when you perform settlement for an asset
under construction, on a line item basis?

1. Fixed asset
2. Cost center

Q78: You are responsible for configuring document splitting. What are some of the key settings?

1. Business Transaction Variant


2. Document Type

Q79: Which steps are required to create a substitution in Financial Accounting?

1. Select Activation Level 2


2. Select the correct call-up point
3. Define the substitution rule with its different steps using the formula editor.

Q80: What are the characteristics of a company in SAP S4 HANA?

1. It is considered for consolidation


2. It can be assigned to a company code

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