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When procurement transactions are posted, which of the following steps is exclusively carried out in Materials Management. Creation of purchase order. Goods receipt. Invoice receipt.

For which of the following you can park documents. Customer accounts. General ledger accounts. Material accounts. Sales accounts.

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.

Identify the callup points that have been provided for Financial Accounting. Document header. Controlling area. Document line. Organizational unit. Complete document.

What is the maximum number of steps possible in validation. 99. 199. 566. 999.

Identify some of the checks for archiving G/L accounts. Has the deletion indicator been set?. Are there (still) documents?. Is the fiscal year closed?.

Which of the following are posted in the program FAA_DEPRECIATION_POST?. Ordinary depreciation such as book depreciation or imputed depreciation. Unplanned depreciation. Imputed interest. Parallel APC values.

How many investment support keys must be created if ledgers OL (IFRS) and 2L (LG) are updated?. 1. 2. 3. 4.

Which of the following options are included in Asset Explorer. Drill down to Financial Accounting (FI) document. Post documents. Display depreciation calculation. Drill down reports.

Which of the following methods can be used to transfer Asset Accounting (FI-AA) legacy data?. For a large quantity of legacy data, user batch input procedure (program RAALTD01). 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 or very large quantity of legacy data, use the legacy data transfer using a BAPI interfase. For a manageable quantity of legacy data, use the manual transaction code AS91 and ABLDT.

During posting, the functional area is determined from several objects simultaneously. Which values the system derive for the line item?. Substitution. Manual Entry. G/L account.

A customer short pays an invoice (notice: Damaged Goods). The incoming payment is posted wit the reason code DDG - Damaged Goods. There is a correspondence type assigned to this reason code. Which correspondence type does the system choose?. The one assigned in the tolerance group. The one assigned to the reason code. The one assigned in the global settings of the Company Code. The one assigned to the document type.

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 assigned to an alternative reconciliation account but not posted. No zero balance is check made in the system.

Where is the billing document created (in an integrated scenario). Financial accounting. Sales and Distribution. Accounting. Materials Management.

Which of the following are the different history sheet groups that each version of asset contain?. Book values at the end of the fiscal year. Aquisitions. Imputed interest. Reposting.

In stock valuation, which of the following groups are valuated?. Raw materials, supplies and consumables. Work in process. Goods invoiced. Finished goods.

In a valuation method, which of the following is not a valuation approach for foreign currency?. Lowest value principle. Strict lowest value principle. Revalue only. High rate of interest principle.

Which program is used to enter accruals and deferrals regularly?. Compact document journal. Devising program. Accruals Management. Ledger grouping.

Which of the following can you use for multiple programs with variants that are to be processed automatically?. Online transactions. Workflow. Remote tasks. Task list template.

Which of the following original Management Accounting objects can you assign in the asset master record. Activity type. Cost element. Order. Cost Center.

Identify some of the fields related to the depreciation area in the asset master record. Depreciation start. Asset description. Useful life. Scrap value.

On what basis does the system determine the period for asset retirement?. Asset value date (asset retirement date). Net book value.

What are the two phases of AuC that are relevant to asset accounting. Under-construction phase. Useful life phase. Asset transfer phase. Accounting phase.

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.

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.

Which of the following are the month-end closing activities for external purposes?. Perform foreign currency valuations. Create external and internal reports. Post goods issues for deliveries to customers. Close the old period.

Which of the following Special Items in the Financial Statement Version can be edited?. Assets. Profit and loss results. Liabilities and Equity. Financial Statement Notes. Profit and Loss results. Accounts not assigned.

At which organization levels is it possible to create a financial statement in a standard SAP S/4HANA system?. Client level. Business area level. Company code level. Segment level.

You assign a hierarchy node as a contra item to another hierarchy node in the Financial Statement Version. Which of the following statement is correct. Select Debit Balance and Credit Balance for each hierarchy node. Both hierarchy nodes contains the same G/L accounts. Both hierarchy nodes must be assigned to the same special item.

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.

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.

Your company uses the Ledger Approach for Parallel Accounting. Which of the following customizing settings are required for the Foreign Currency Valuation run?. Assign an Accounting Principle to a Valuation Method. Assign an Accounting Principle to a Ledger Group. Assign an Accounting Principle to a Valuation Area. Assign an Accounting Principle to a Delta Posting Variant.

Choose the correct order of the purchase order accruals processing steps: Transfer - Calculate - Review - Post. Calculate - Transfer - Review - Post. Review - Transfer - Calculate - Post. Calculate - Review - Transfer - Post.

What are advantages of using Task Groups in the SAP Financial Closing Cockpit?. They provides an overview of tasks and their status. They allows cross template maintenance or mass changes. They define program sequences in the preceding task relationship. They covers multiple companies with the same or similar closing tasks.

Which of the following challenges companies face with an increase in the number of mergers and acquisitions?. A disrupted visibility of the reconciliation process between legal entities and subsidiaries. An increased communication between legal entities and subsidiaries which makes it challenging to maintain data security between the legal entities and subsidiaries. A lack of transparency between legal entities and subsidiaries which makes it complicated to reconcile intercompany transactions between the legal entities and subsidiaries.

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.

What is the correct sequence for the four dunning program steps that can be performed during the automatic dunning procedure?. Maintain the parameters. Schedule the dunning run. Change the dunning proposal. Start the dunning printout. Maintain the parameters. Change the dunning proposal. Schedule the dunning run. Start the dunning printout. Change the dunning proposal. Maintain the parameters. Schedule the dunning run. Start the dunning printout. Change the dunning proposal. Schedule the dunning run. Maintain the parameters. Start the dunning printout.

Identify the fields that cannot be changed while changing parked documents. Currency. Document type or document number. Company code. Account assignment objects.

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.

What is the difference between the ledger approach and the accounts approach to parallel valuation in Asset Accounting?. In the account approach, you assign a completely separate set of accounts for each accounting principle unlike the ledger approach. In the account approach, you assign a set of accounts for each accounting principle unlike the ledger approach.

For which special G / L indicator is a special target G / L indicator specified? Please select the correct answer. Vendor down payment request. Down payment request. noted item.

What field can you change on a posted invoice. Payment term. Payment notice.

Where can an SAP Fiori end user change the theme of their launchpad? Please choose the correct answer. In the Me area of the launchpad. in the title.

You want to edit a dunning proposal. What actions can you perform to edit a dunning proposal?. Block an account. Lower the dunning level of an item. Block a line item. change dunning level.

What does the year-end closing program in Asset Accounting do?. If indicates if any of the created asset master records contain errors or are incomplete. If checks whether the depreciation is posted completely for the fiscal year. If blocks all postings to Asset Accounting for the closed fiscal year. If blocks all postings to Asset Accounting.

Which of the following options can you use to change the G/L account master data using collective processing?. Change acct descriptions. Chart of accts data. Change company code data.

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?. Bank determination. Paying company codes.

During which actions does the system assign the document number for Financial Accounting?. Post. Hold. Simulate. Park.

You use the ledger approach for parallel accounting in Asset Accounting. Depreciation area 01 is assigned to the leading ledger for leading valuation and depreciation area 32 is assigned to the nonleading ledger for parallel valuation. What posting option should you choose for depreciation area 32?. Area posts in real time. NA.

Which SAP technological product provides the platform required for SAP to support the digital transformation of an organization. SAP Net Weaver. SAP Fiori. SAP HANA. SAP CRM.

For which activities can you use an extension ledger. Parallel valuation of depreciation areas. Configuration of custom fields for financial statements. Adjustments for consolidation purposes. Simulation of foreign currency valuation.

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?. 2. 3. 1.

Which data sections are part of every asset class?. Account determination data section. Valuation area data section. Depreciation data section. Master data section.

Identify the application areas where validations and substitutions can be used. FI – Financial accounting. CO – Cost Accounting.

Which requirements do you need to fulfill to use data aging for Finance in the SAP S/4HANA system?. Define the logical file path as a global path for data aging. Activate aging on SAP HANA. Add required authorizations for data aging to your role. Activate data aging for your company code. Switch on the data aging business function.

You are asked to explain the assets under construction functionality in SAP S/4HANA. What should you highlight?. It is possible to calculate and post depreciation in the balance sheet depreciation area for assets under construction. It is possible to post special tax depreciation and investment support for assets under construction. It is possible to post credit memos, even after assets under construction are fully capitalized. It is impossible to use assets under construction with Investment Management.

Which closing activities are used in external reporting as per SAP best practices?. Reclassify receivables and payable's. Update product cost estimates. Execute the plan cost center assessment cycle. Perform valuations of open items in foreign currency.

You want to define a validation for the combination of ledger account and cost center. For what point of call is this validation defined?. Cost of sales accounting. Complete document. Document line or line of documents. Document header.

How can you perform transfers of assets between company codes with different charts of depreciation?. Configure the cross-company depreciation areas in customizing. Assign the group chart of depreciation to the relevant fixed assets. Enter depreciation area mapping during intercompany transfer posting. Correct depreciation area assignment in the asset master record after posting.

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?. Free offsetting entries. Noted items. Bill of exchange. Statistical postings.

At which level do you assign the print program to the correspondence type?. At client level only. At client or company code level only. At company code level only. At system level.

You need to make the line item text field mandatory during document entry. Which objects should you analyze to fulfill this request?. G/L account. Posting key. Account group. Document type.

Identify the fields that cannot be changed while changing parked documents. Document type or document number. Company code. Currency. Account assignment objects.

You are responsible for implementing Asset Accounting. You are provided with the legacy data of various assets and their grouping information based on category, life, and depreciation terms. What configuration step would you initiate to maintain these categories in SAP S/4HANA?. Define asset classes and maintain their attributes. Configure depreciation keys and calculation keys. Copy the chart of depreciation and maintain depreciation areas. Define general ledger accounts per each category of legacy asset.

Which of the following are valid settlement receivers when you liquidate an asset under construction on a starting basis?. Fixed asset. Cost center.

You are responsible for configuring document splitting. What are some of the key settings?. Business transaction variant. Document number range. Field status variant. Document type.

Which parameters can you specify when you create a new correspondence type?. Document number required. Account required. Number of date fields required.

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 asset value date. Document date and asset value date. Posting date and entry date. Document date and posting date.

Which parameters can you specify when you create a new correspondence type?. Document number required. Account required. Number of date fields required.

Which prerequisites must be fulfilled before you can use negative postings. The posting key must permit negative posting. The reversal reason must allow negative postings. The reversal reason must allow alternative posting dates. The company code must permit negative postings.

You are preparing to post your first simple general ledger document using the SAP Fiori application for posting in a test environment. What configuration items should you configure to post a simple document?. Number range and document types must be maintained. Line item text templates must be maintained. Tax types and tax codes must be maintained. Posting period variant must be created and assigned.

Which of the following statements best describes how Core Data Services (CDS) is developed?. They are developed in the ABAP layer of the SAP S/4 HANA by the IT user. They are developed in the ABAP layer.

What steps are required to create a substitution in Financial Accounting. Choose the area of application GL. Select the correct event. Define the substitution rule with its different steps using the formula editor. Activate the substitution rule. Assign the substitution rule to the controlling area.

What kind of postings can be made to an asset under construction (AUC). Down payments. Investment support measures. Special depreciations. Unplanned depreciation.

How can you post accruals. Reclassify the receivables and payables. Use the recurring entry program. Run the depreciation program. Post manually at the end of the period, quarter or year.

What do you define when you create a new document type. Number range for document type. Reasons for reversals. Account types allowed for posting. Posting key for the document type.

Benefits of cloud deployments?. Always up to date. IT cost savings.

What do you define in the customizing of the payment program?. Exchange rate type. Forms for the payment media. Bank subaccounts. Payment run ID. Available amounts.

What is maintained in customizing to allow cross company code transactions?. Clearing accounts. VAT accounts. Field movement. Posting key.

What must you do to create new validations and substitutions?. Define the application area. Select the correct call up point. Activate validation and substitution. Deactivate all former validations and substitutions.

What is the recommended field status setting for fields in the customer / vendor?. Hide. Required. Optional.

How the system behaves when invoice is processed as a residual item. All documents remain in the account as open items. Original document and payment cleared. The payment document is posted as a down payment.

You want to use foreign currency valuation in ledger solution. Which objects must you define in customizing. Document number range per company code. Value adjustment keys. Accounting principles. Account determinations. Valuation areas.

What do you need to do to use sap fiori financial closing cockpit?. Assign a task group to task list template. Assign a task list template to an organizational structure. Release a task list template for the application. Assign a task group template to an organizational structure.