C_ts4fi_1809 - SAP Certified Application Associate - SAP S/4HANA For Financial Accounting Associates (SAP S/4HANA 1809)
- 1.
How do you configure depreciation areas in SAP S/4HANA?
- A.
Assign depreciation area 01 to the leading ledger.
- B.
Assign a ledger group to each depreciation area.
- C.
Ensure each accounting principle is assigned to a depreciation area
- D.
Ensure depreciation areas always post to the general ledger.
Correct Answer(s)
B. Assign a ledger group to each depreciation area.
D. Ensure depreciation areas always post to the general ledger.Explanation
In SAP S/4HANA, depreciation areas are configured by assigning a ledger group to each depreciation area. This allows for the proper mapping and alignment of depreciation areas with specific ledger groups. Additionally, it is important to ensure that depreciation areas always post to the general ledger to maintain accurate financial reporting. By following these steps, the depreciation areas can be effectively set up in SAP S/4HANA.Rate this question:
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- 2.
What are the pillars of the SAP Fiori user experience paradigm? Pick 3
- A.
Role-based
- B.
Vibrant
- C.
Responsive
- D.
User-based
- E.
Simple
Correct Answer(s)
A. Role-based
C. Responsive
E. SimpleExplanation
The pillars of the SAP Fiori user experience paradigm are role-based, responsive, and simple. Role-based means that the user interface is tailored to the specific roles and tasks of the user. Responsive refers to the design being adaptable to different devices and screen sizes. Simple means that the interface is intuitive and easy to use, reducing complexity and improving user efficiency.Rate this question:
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- 3.
At what level is the bank master data stored in SAP S/4HANA?
- A.
At controlling area level
- B.
At company code level
- C.
At company level
- D.
At client level
Correct Answer
D. At client levelExplanation
In SAP S/4HANA, the bank master data is stored at the client level. This means that the bank information is maintained centrally and can be accessed and used by all the company codes and controlling areas within the client. Storing the bank master data at the client level ensures consistency and efficiency in managing bank-related information across the entire organization.Rate this question:
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- 4.
Which of the following are posted in the program FAA_DEPRECIATION_POST? Pick 3
- A.
Ordinary depreciation such as book depreciation or imputed depreciation
- B.
Unplanned depreciation or other manually planned depreciation
- C.
Imputed interest
- D.
Parallel APC values
Correct Answer(s)
A. Ordinary depreciation such as book depreciation or imputed depreciation
B. Unplanned depreciation or other manually planned depreciation
C. Imputed interestExplanation
The program FAA_DEPRECIATION_POST posts three types of depreciation: ordinary depreciation such as book depreciation or imputed depreciation, unplanned depreciation or other manually planned depreciation, and imputed interest. These types of depreciation are all relevant for the program and need to be posted.Rate this question:
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- 5.
Which of the following lists support the dunning clerk’s work? Pick 3
- A.
The dunning list
- B.
The blocked accounts list
- C.
The list of vendor balances in local currency
- D.
The dunning history list
Correct Answer(s)
A. The dunning list
B. The blocked accounts list
D. The dunning history listExplanation
The dunning clerk's work involves managing and following up on overdue accounts. The dunning list is a crucial tool for the clerk as it contains the details of all the customers who have outstanding payments. The blocked accounts list is also important as it helps identify accounts that have been blocked due to non-payment or other issues. The dunning history list provides a record of all previous dunning activities and communications with customers. Together, these three lists provide the necessary information and support for the dunning clerk's work.Rate this question:
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- 6.
A document has several line items, with different reason codes entered. For the automatic payment, which correspondence type does the system choose?
- A.
The system prompts for the user to assign one
- B.
The one in the first line item
- C.
The one in the line item with the largest amount
- D.
The one assigned to the tolerance group
Correct Answer
D. The one assigned to the tolerance groupExplanation
The system chooses the correspondence type that is assigned to the tolerance group for the automatic payment.Rate this question:
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- 7.
Which business partner characteristic is mapped to the customer and supplier account groups?
- A.
Business partner role
- B.
Business partner type
- C.
Business partner grouping
- D.
Business partner category
Correct Answer
C. Business partner groupingExplanation
The characteristic that is mapped to the customer and supplier account groups is the business partner grouping. Account groups are used to classify and group business partners based on certain characteristics or attributes. In this case, the customer and supplier account groups are specifically categorized and grouped based on the business partner grouping characteristic. This allows for easier management and organization of customer and supplier accounts within the business partner system.Rate this question:
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- 8.
What are the characteristics of a company in SAP S/4HANA? There are 2 correct answers to this question.
- A.
It is considered for consolidation.
- B.
It represents separate areas of operation within an organization.
- C.
It is responsible for costs and revenues within an organization.
- D.
It can be assigned to a company code.
Correct Answer(s)
A. It is considered for consolidation.
D. It can be assigned to a company code.Explanation
A company in SAP S/4HANA can be considered for consolidation, meaning that its financial data can be combined with other companies for reporting purposes. Additionally, a company can be assigned to a company code, which allows for the tracking of costs and revenues within the organization. These characteristics highlight the flexibility and functionality of SAP S/4HANA in managing and organizing company data.Rate this question:
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- 9.
Which of the following types of tasks are available in the Financial Closing Cockpit application? There are 3 correct answers to this question.
- A.
Task list template
- B.
Online transactions
- C.
Flow definition
- D.
Remote tasks
Correct Answer(s)
B. Online transactions
C. Flow definition
D. Remote tasksExplanation
The Financial Closing Cockpit application offers three types of tasks: online transactions, flow definition, and remote tasks. Online transactions refer to tasks that can be completed directly within the application, such as entering financial data or generating reports. Flow definition involves setting up a predefined sequence of tasks that need to be completed during the financial closing process. Remote tasks allow users to perform tasks outside of the application, such as running programs or scripts on remote systems.Rate this question:
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- 10.
Which reporting tools are available with SAP S/4HANA embedded analytics? Note: There are 2 correct answers to this question
- A.
SAP Analytics Cloud
- B.
Query Browser
- C.
KPI modelling apps
- D.
SAP Analysis for Microsoft Office
Correct Answer(s)
B. Query Browser
C. KPI modelling appsExplanation
The correct answer is Query Browser and KPI modelling apps. These two reporting tools are available with SAP S/4HANA embedded analytics. Query Browser allows users to create and execute queries to retrieve data from the system, while KPI modelling apps help in creating and analyzing key performance indicators.Rate this question:
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- 11.
For which special G/L indicator do you specify a target special G/L indicator? Please choose the correct answer.
- A.
Customer down payment
- B.
Vendor down payment request
- C.
Guarantee given
- D.
Bill of exchange
Correct Answer
B. Vendor down payment requestExplanation
When specifying a target special G/L indicator, you would choose the special G/L indicator "Vendor down payment request." This indicator is used when a vendor requests a down payment from the customer. It helps in tracking and managing the down payment requests made by vendors.Rate this question:
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- 12.
Which of the following statements apply to the special general ledger types of noted items? There are 3 correct answers to this question
- A.
No zero-balance check is made in the system.
- B.
Noted items are posted to an alternative reconciliation account.
- C.
No special general ledger indicators of your own can be created of this type
- D.
The account for the offsetting entry is selected automatically.
- E.
No postings are made on an offsetting account.
Correct Answer(s)
A. No zero-balance check is made in the system.
B. Noted items are posted to an alternative reconciliation account.
E. No postings are made on an offsetting account.Explanation
The special general ledger types of noted items do not undergo a zero-balance check in the system, meaning that the system does not verify if the balance is zero or not. These noted items are instead posted to an alternative reconciliation account, which is different from the regular reconciliation account. Additionally, no postings are made on an offsetting account, meaning that there is no need to create an offsetting entry manually as the account for the offsetting entry is selected automatically. Therefore, no special general ledger indicators can be created for this type.Rate this question:
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- 13.
In Asset Accounting, which object do you use to handle separate valuation for parallel accounting?
- A.
Valuation area
- B.
Depreciation area
- C.
Chart of depreciation
- D.
Depreciation key
Correct Answer
B. Depreciation areaExplanation
In Asset Accounting, the depreciation area is used to handle separate valuation for parallel accounting. Each depreciation area can have its own set of valuation rules and accounting principles, allowing for different depreciation calculations and reporting for different accounting standards or legal requirements. The depreciation area is a key object in determining how assets are valued and depreciated in parallel accounting scenarios.Rate this question:
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- 14.
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? There are 2 correct answers to this question
- A.
Paying company codes
- B.
Payment terms
- C.
Special G/L indicators
- D.
Bank determination
Correct Answer(s)
A. Paying company codes
D. Bank determinationExplanation
To use the automatic payment program, you need to maintain the paying company codes and bank determination settings. Paying company codes are necessary to specify the company codes that will be used for outgoing payments. Bank determination settings are required to determine the appropriate bank for making the payments. By maintaining these settings, the system will be able to automatically process outgoing payments without manual intervention.Rate this question:
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- 15.
Which of the following has to be created and assigned to an organizational structure before the Financial Closing Cockpit can be used? Please choose the correct answer.
- A.
Flow definitions
- B.
Subfolders
- C.
Task list template
- D.
Programs
Correct Answer
C. Task list templateExplanation
Before the Financial Closing Cockpit can be used, a task list template needs to be created and assigned to an organizational structure. This template will provide a predefined set of tasks and activities that need to be completed during the financial closing process. By assigning the task list template to the organizational structure, the system will be able to generate the necessary tasks and activities for each user or role involved in the closing process, ensuring a streamlined and efficient closing process.Rate this question:
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- 16.
Which of the following are the month-end closing activities for external purposes? There are 3 correct answers to this question.
- A.
Post goods issues for deliveries to customers
- B.
Close the old period
- C.
Create external and internal reports
- D.
Perform foreign currency valuations
Correct Answer(s)
B. Close the old period
C. Create external and internal reports
D. Perform foreign currency valuationsExplanation
The month-end closing activities for external purposes include closing the old period, creating external and internal reports, and performing foreign currency valuations. Closing the old period ensures that all transactions for the month are finalized and no further changes can be made. Creating external and internal reports involves generating financial statements and other reports that are used for external reporting purposes. Performing foreign currency valuations involves assessing the value of assets and liabilities denominated in foreign currencies to reflect any changes in exchange rates. These activities are important for accurate and timely external financial reporting.Rate this question:
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- 17.
In which application areas can you use validation? Note: There are 2 correct answers to this question.
- A.
Materials Management
- B.
Cost Accounting
- C.
Asset Accounting
- D.
Profit Center Accounting
Correct Answer(s)
B. Cost Accounting
C. Asset AccountingExplanation
Validation can be used in Cost Accounting and Asset Accounting. In Cost Accounting, validation ensures that the data entered is accurate and meets the required standards. It helps in verifying the correctness of cost-related information. In Asset Accounting, validation is crucial to ensure that the data entered for assets, such as their values and depreciation, is accurate and follows the accounting principles. By using validation in these application areas, organizations can maintain the integrity and reliability of their financial data.Rate this question:
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- 18.
Which steps are required to create a substitution in Financial Accounting? There are 3 correct answers to this question
- A.
Activate the substitution rule.
- B.
Define the substitution rule with its different steps using the formula editor.
- C.
Select the correct call-up point.
- D.
Assign the substitution rule to the controlling area.
- E.
Choose the area of application GL.
Correct Answer(s)
A. Activate the substitution rule.
B. Define the substitution rule with its different steps using the formula editor.
E. Choose the area of application GL.Explanation
To create a substitution in Financial Accounting, the first step is to activate the substitution rule. Then, the substitution rule needs to be defined with its different steps using the formula editor. After that, the correct call-up point should be selected. Finally, the substitution rule should be assigned to the controlling area. Additionally, the area of application GL should be chosen.Rate this question:
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- 19.
A user wants to add an application to his SAP Fiori home page but can’t find it in the App Finder. What does the admin have to do? Please choose the correct answer.
- A.
Assign the corresponding SAP Fiori tile group to the user.
- B.
Add the corresponding tile catalog to the tile group.
- C.
Assign the corresponding SAP Fiori tile catalog to the user.
- D.
Add the tile to a tile group already assigned to the user.
Correct Answer
C. Assign the corresponding SAP Fiori tile catalog to the user.Explanation
The admin needs to assign the corresponding SAP Fiori tile catalog to the user. This will make the application available for the user to add to their SAP Fiori home page.Rate this question:
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- 20.
A user wants to add an application to his SAP Fiori home page but can’t find it in the App Finder. What does the admin have to do? Please choose the correct answer.
- A.
Assign the corresponding SAP Fiori tile group to the user.
- B.
Add the corresponding tile catalog to the tile group.
- C.
Assign the corresponding SAP Fiori tile catalog to the user.
- D.
Add the tile to a tile group already assigned to the user.
Correct Answer
C. Assign the corresponding SAP Fiori tile catalog to the user.Explanation
The admin needs to assign the corresponding SAP Fiori tile catalog to the user in order for the user to be able to add the application to their SAP Fiori home page.Rate this question:
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- 21.
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?
- A.
Asset class
- B.
Depreciation area
- C.
Account determination key
- D.
Financial statement version
Correct Answer(s)
A. Asset class
C. Account determination keyExplanation
In Customizing for Asset Accounting, you create an asset class to classify the special group of assets separately. This allows for easier management and reporting of these assets. Additionally, you create an account determination key to determine the accounts in the general ledger where the values for these assets will be posted. By assigning the asset class and account determination key to the assets, you ensure that their values are shown separately in the general ledger.Rate this question:
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- 22.
For which activities can you use an extension ledger? Note: There are 2 correct answers to this question.
- A.
Parallel valuation of depreciation areas
- B.
Adjustments for consolidation purposes
- C.
Simulation of foreign currency valuation
- D.
Configuration of custom fields for financial statements
Correct Answer(s)
B. Adjustments for consolidation purposes
C. Simulation of foreign currency valuationExplanation
An extension ledger can be used for adjustments for consolidation purposes and simulation of foreign currency valuation. Adjustments for consolidation purposes involve making necessary changes to financial statements to account for consolidation of multiple entities. Simulation of foreign currency valuation involves testing the impact of changes in exchange rates on financial statements. Both activities require additional ledger functionality that an extension ledger can provide.Rate this question:
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- 23.
What is the purpose of the reorganization of segments? There are 2 correct answers to this question.
- A.
Enables segment derivation
- B.
Enables merge of segments.
- C.
Enables segment reassignments.
- D.
Enables segment deletion.
Correct Answer(s)
B. Enables merge of segments.
C. Enables segment reassignments.Explanation
The purpose of the reorganization of segments is to enable the merge of segments and enable segment reassignments. This means that by reorganizing segments, they can be combined or rearranged in a way that improves efficiency and effectiveness. This can help to streamline processes, optimize resources, and improve overall performance. Additionally, it allows for the deletion of unnecessary segments, further enhancing the organization's operations.Rate this question:
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- 24.
What do you define when you create a new document type? Note: There are 2 correct answers to this question.
- A.
Number range for the document type
- B.
Posting keys for the document type
- C.
Account types allowed for posting
- D.
Reasons for reversal
Correct Answer(s)
A. Number range for the document type
C. Account types allowed for postingExplanation
When creating a new document type, you define the number range for the document type, which determines the range of document numbers that can be assigned to documents of this type. Additionally, you also define the account types allowed for posting, which specifies the types of accounts that can be used for posting transactions related to this document type. These two factors are essential in setting up the document type and ensuring proper document numbering and account posting restrictions.Rate this question:
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- 25.
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.
- A.
Reposting
- B.
Book values at the end of the fiscal year
- C.
Acquisitions
- D.
Imputed interest
Correct Answer(s)
A. Reposting
B. Book values at the end of the fiscal year
C. AcquisitionsExplanation
The different history sheet groups that each version of asset history sheets can contain are Reposting, Book values at the end of the fiscal year, and Acquisitions. These groups are used to track and record changes in asset values and transactions over time. Reposting refers to any adjustments or corrections made to previous entries. Book values at the end of the fiscal year represent the final recorded values of assets at the end of the financial year. Acquisitions refer to the addition of new assets to the company's inventory. Imputed interest is not included in the list of correct answers.Rate this question:
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- 26.
On which levels can you activate document splitting? Note: There are 2 correct answers to this question.
- A.
Ledger level
- B.
Document type level
- C.
Client level
- D.
Company code level
Correct Answer(s)
C. Client level
D. Company code levelExplanation
You can activate document splitting at the client level and the company code level. This means that you can configure document splitting to occur at either the overall client level or at the level of individual company codes within the client. This allows for greater flexibility in how document splitting is applied and ensures that it can be tailored to the specific needs and requirements of each company code within the client.Rate this question:
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- 27.
You have been asked to set up house banks as part of the implementation. What information do you need? There are 3 correct answers to this question.
- A.
Company code
- B.
General ledger account
- C.
Supplier account
- D.
Bank master data
- E.
Payment method
Correct Answer(s)
A. Company code
B. General ledger account
D. Bank master dataExplanation
To set up house banks as part of the implementation, you would need the company code, general ledger account, and bank master data. The company code is necessary to ensure that the house banks are set up for the correct company. The general ledger account is needed to link the house banks to the appropriate accounting entries. The bank master data provides information about the bank, such as the bank name, account number, and address, which is essential for setting up the house banks accurately.Rate this question:
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- 28.
You need to make the line item text field mandatory during document entry. Which objects should you analyze to fulfill this request? Note: There are 2 correct answers to this question.
- A.
Document type
- B.
Account group
- C.
Posting key
- D.
G/L account
Correct Answer(s)
C. Posting key
D. G/L accountExplanation
To make the line item text field mandatory during document entry, you need to analyze the Posting Key and G/L Account objects. The Posting Key determines the type of transaction and its characteristics, including whether certain fields are mandatory or not. By analyzing the Posting Key, you can determine if the line item text field can be made mandatory. Additionally, analyzing the G/L Account object is important as it determines the general ledger account to which the transaction is posted. By analyzing the G/L Account, you can determine if the line item text field should be mandatory for specific accounts.Rate this question:
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- 29.
Which of the following information is entered in the chart of accounts segment of a G/L account? There are 3 correct answers to this question.
- A.
Consolidation fields
- B.
Control fields
- C.
Account number
- D.
Currency fields
Correct Answer(s)
A. Consolidation fields
B. Control fields
C. Account numberExplanation
The chart of accounts segment of a G/L account includes consolidation fields, control fields, and the account number. Consolidation fields are used to track financial information across multiple entities or business units. Control fields are used to define specific properties or characteristics of the account. The account number is a unique identifier for the account. Currency fields, although not mentioned in the correct answer, are also commonly included in the chart of accounts segment to track transactions in different currencies.Rate this question:
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- 30.
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? Note: There are 2 correct answers to this question.
- A.
Financial statement version
- B.
Depreciation area
- C.
Account determination key
- D.
Asset class
Correct Answer(s)
C. Account determination key
D. Asset classExplanation
In Customizing for Asset Accounting, you create an Account determination key and an Asset class. The Account determination key is used to determine the G/L accounts for posting asset transactions, and by creating a separate key for the special group of assets, you can ensure that their values are shown separately in the general ledger. The Asset class is used to group assets with similar characteristics, and by creating a separate class for the special group of assets, you can easily identify and manage them separately in the general ledger.Rate this question:
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- 31.
Which parameters can you specify when you create a new correspondence type? There are 3 correct answers to this question.
- A.
Document number required
- B.
Company code required
- C.
Reason code required
- D.
Number of date fields required
- E.
Account required
Correct Answer(s)
A. Document number required
D. Number of date fields required
E. Account requiredExplanation
When creating a new correspondence type, three parameters that can be specified are the document number required, the number of date fields required, and the account required. These parameters allow for the customization and validation of the correspondence type, ensuring that the necessary information is provided and captured accurately.Rate this question:
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- 32.
Which of the following has to be created and assigned to an organizational structure before the Financial Closing Cockpit can be used? Please choose the correct answer.
- A.
Flow definitions
- B.
Subfolders
- C.
Programs
- D.
Task list template
Correct Answer
D. Task list templateExplanation
Before the Financial Closing Cockpit can be used, a task list template needs to be created and assigned to an organizational structure. This template will provide the necessary guidelines and steps for conducting the financial closing process. It ensures that the closing activities are performed in a standardized and consistent manner across the organization. Without a task list template, the Financial Closing Cockpit cannot effectively guide and support the closing process.Rate this question:
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- 33.
For which activities can you use an extension ledger? Note: There are 2 correct answers to this question
- A.
Simulation of foreign currency valuation
- B.
Adjustments for consolidation purposes
- C.
Parallel valuation of depreciation areas
- D.
Configuration of custom fields for financial statements
Correct Answer(s)
A. Simulation of foreign currency valuation
B. Adjustments for consolidation purposesExplanation
An extension ledger can be used for simulation of foreign currency valuation to assess the impact of currency fluctuations on financial statements. It can also be used for adjustments for consolidation purposes to consolidate financial statements of multiple entities.Rate this question:
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- 34.
What must you do when you set up depreciation areas?
- A.
Assign an accounting principle for each depreciation area.
- B.
Define the valid depreciation keys for each depredation area.
- C.
Assign leading depreciation area 01 to leading ledger OL.
- D.
Define the relevant asset classes for each depreciation area
Correct Answer
A. Assign an accounting principle for each depreciation area.Explanation
When setting up depreciation areas, it is necessary to assign an accounting principle for each depreciation area. This is important because different accounting principles may apply to different depreciation areas based on factors such as legal requirements or company policies. By assigning an accounting principle to each depreciation area, it ensures that the correct rules and regulations are followed for calculating and recording depreciation for each specific area.Rate this question:
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- 35.
In which application areas can you use validation? Note: There are 2 correct answers to this question.
- A.
Profit Center Accounting
- B.
Asset Accounting
- C.
Materials Management
- D.
Cost Accounting
Correct Answer(s)
B. Asset Accounting
D. Cost AccountingExplanation
Validation can be used in Asset Accounting and Cost Accounting. In Asset Accounting, validation helps ensure that the data entered for assets, such as depreciation key or useful life, is accurate and meets the required criteria. This helps in maintaining the integrity of asset data and ensures correct accounting processes. In Cost Accounting, validation can be used to check the accuracy of cost calculations, cost allocations, and cost postings. This helps in ensuring the reliability of cost data and enables accurate cost analysis and reporting.Rate this question:
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- 36.
Identify some of the checks for archiving G/L accounts (master data). There are 3 correct answers to this question
- A.
Has a deletion indicator been set?
- B.
Are there (still) documents?
- C.
Is the fiscal year closed?
- D.
Are there (still) transaction figures (for example, have they already been archived)?
Correct Answer(s)
A. Has a deletion indicator been set?
B. Are there (still) documents?
D. Are there (still) transaction figures (for example, have they already been archived)?Explanation
The checks for archiving G/L accounts (master data) include verifying if a deletion indicator has been set, checking if there are still documents associated with the account, and determining if there are still transaction figures (such as already archived data) present. These checks ensure that the G/L accounts are eligible for archiving and that no important data or documents are lost in the process.Rate this question:
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- 37.
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.
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
In the SAP S/4HANA application, the payment program and dunning program can access noted items for further processing. This means that both programs have the capability to retrieve and use noted items in their respective processes. Note items are typically used for recording additional information or comments related to specific transactions, and the fact that the payment program and dunning program can access them indicates that they are integrated within the application and can be utilized for various purposes. Therefore, the statement is true.Rate this question:
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- 38.
Which fields of a financial accounting document influence the automatic payment program? There are 3 correct answers to this question.
- A.
Payment type
- B.
Payment advice
- C.
Payment block
- D.
Payment term
- E.
Payment method
Correct Answer(s)
C. Payment block
D. Payment term
E. Payment methodExplanation
The fields of a financial accounting document that influence the automatic payment program are payment block, payment term, and payment method. The payment block determines whether the document is eligible for payment or not. The payment term specifies the due date and terms of payment for the document. The payment method determines the way in which the payment will be made, such as through a check or electronic transfer.Rate this question:
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- 39.
At which level do you assign the print program to the correspondence type? Please choose the correct answer.
- A.
At company code level only
- B.
At system level
- C.
At client level only
- D.
At client or company code level
Correct Answer
A. At company code level onlyExplanation
The print program is assigned to the correspondence type at the company code level only. This means that the print program will be specific to a particular company code and will not be applicable at any other level such as system level or client level.Rate this question:
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- 40.
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? Please choose the correct answer
- A.
Configure depreciation keys and calculation keys.
- B.
Define asset classes and maintain their attributes.
- C.
Define general ledger accounts per each category of legacy asset.
- D.
Copy the chart of depreciation and maintain depreciation areas.
Correct Answer
D. Copy the chart of depreciation and maintain depreciation areas.Explanation
To maintain the categories of assets in SAP S/4HANA, the correct configuration step would be to copy the chart of depreciation and maintain depreciation areas. This step allows for the creation and customization of depreciation areas based on the specific requirements of the assets and their grouping information. By copying the chart of depreciation, it ensures that the legacy data and their categories are properly integrated into the SAP system, enabling accurate asset accounting and depreciation calculations.Rate this question:
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- 41.
On which levels can you maintain field status controls for business partners (BP)? There are 3 correct answers to this question.
- A.
BP role
- B.
BP type
- C.
Company code
- D.
Client
- E.
BP category
Correct Answer(s)
A. BP role
B. BP type
D. ClientExplanation
Field status controls for business partners can be maintained at the levels of BP role, BP type, and Client. The BP role determines the functions and responsibilities of a business partner, and field status controls can be set accordingly. The BP type categorizes the business partner based on characteristics such as customer, vendor, or employee, and field status controls can be customized for each type. The client level allows for field status controls to be set at the overall client level, affecting all business partners within that client.Rate this question:
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- 42.
Which standard currency types must be used when configuring the currency settings for company codes? There are 2 correct answers to this question.
- A.
Group currency
- B.
Company code currency
- C.
Controlling area currency
- D.
Document currency
Correct Answer(s)
B. Company code currency
C. Controlling area currencyExplanation
The currency settings for company codes must include the company code currency and the controlling area currency. The company code currency is the currency in which the financial transactions of a specific company code are recorded. The controlling area currency is the currency in which the controlling area's financial transactions are recorded. Both currencies are important for accurate financial reporting and analysis within an organization.Rate this question:
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- 43.
With the automatic clearing program, a user can clear open items for which of the following items? There are 2 correct answers to this question.
- A.
General ledger
- B.
Special general ledger indicator
- C.
Currency
- D.
Subledger accounts
Correct Answer(s)
A. General ledger
D. Subledger accountsExplanation
The automatic clearing program allows a user to clear open items for both the general ledger and subledger accounts. This means that any outstanding items in these accounts can be reconciled and resolved automatically. The program does not specifically deal with special general ledger indicators or currency, so these options are not correct answers.Rate this question:
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- 44.
What settings can you define specifically for an asset class? Note: There are 3 correct answers to this question.
- A.
Account determination key
- B.
Asset under construction category
- C.
Synchronization rules for asset and equipment
- D.
Maximum amount for low-value assets
- E.
Default transaction type for asset posting
Correct Answer(s)
A. Account determination key
B. Asset under construction category
C. Synchronization rules for asset and equipmentExplanation
The settings that can be defined specifically for an asset class are the account determination key, asset under construction category, and synchronization rules for asset and equipment. The account determination key determines which general ledger accounts are used for posting transactions related to the asset class. The asset under construction category allows for the classification of assets that are still being constructed or developed. Synchronization rules for asset and equipment determine how asset and equipment data is synchronized in the system.Rate this question:
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- 45.
Which of the following statements are correct? Choose the correct answers. There are 2 correct answers to this question
- A.
The reversal accounts must be configured to allow negative postings
- B.
The posting key must allow negative postings.
- C.
The reversal reason must be configured to allow negative postings
- D.
The company code must allow negative postings.
Correct Answer(s)
C. The reversal reason must be configured to allow negative postings
D. The company code must allow negative postings.Explanation
The reversal reason must be configured to allow negative postings because the reversal process requires a specific reason to be specified, and this reason must be configured to allow negative postings. The company code must allow negative postings because if the company code does not allow negative postings, then the reversal postings with negative amounts will not be allowed.Rate this question:
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- 46.
There are four dunning program steps that can be performed during the automatic dunning
- A.
Schedule the dunning run.
- B.
Change the dunning proposal
- C.
Maintain the parameters.
- D.
Start the dunning printout.
Correct Answer(s)
A. Schedule the dunning run.
B. Change the dunning proposal
C. Maintain the parameters.
D. Start the dunning printout.Explanation
The correct answer is a list of four steps that can be performed during the automatic dunning process. These steps include scheduling the dunning run, changing the dunning proposal, maintaining the parameters, and starting the dunning printout. These steps are necessary to ensure that the dunning process is executed smoothly and effectively.Rate this question:
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- 47.
Which of the following steps are parts of the process of configuring the payment program? Choose the correct answers.
- A.
Configure the house banks
- B.
Configure the paying company codes
- C.
Configure the G/L account field status for document entry
- D.
Configure the payment methods for each company code
Correct Answer(s)
A. Configure the house banks
B. Configure the paying company codes
D. Configure the payment methods for each company codeExplanation
The process of configuring the payment program involves three steps: configuring the house banks, configuring the paying company codes, and configuring the payment methods for each company code. These steps are necessary to set up the system to process payments accurately and efficiently. Configuring the house banks involves entering bank details such as bank name, account number, and bank key. Configuring the paying company codes involves linking the company codes to the house banks. Lastly, configuring the payment methods for each company code involves defining the payment methods that will be used for making payments.Rate this question:
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- 48.
You are responsible for configuring document splitting. What are some of the key settings? Note: There are 2 correct answers to this question.
- A.
Field status variant
- B.
Document type
- C.
Business transaction variant
- D.
Document number range
Correct Answer(s)
B. Document type
C. Business transaction variantExplanation
The key settings for configuring document splitting are the document type and the business transaction variant. The document type determines the type of document being created, while the business transaction variant defines the specific business transaction being performed. These settings are important for determining how the documents will be split and organized within the system.Rate this question:
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- 49.
Document splitting is active in your company code. The splitting characteristic is the profit center. All accounts are assigned. You post a vendor invoice with a single expense that are all assigned to different profit Centers. The expense is changed with 10% VAT. How many line items are created in the Entry view and how many are created in the General Ledger view?
- A.
Entry view: 3 General Ledger view 7
- B.
Entry view: 5 General Ledger view 7
- C.
Entry view: 5 General Ledger view: 9
- D.
Entry view: 3 General Ledger view: 9
Correct Answer
C. Entry view: 5 General Ledger view: 9Explanation
Document splitting is active in the company code and the splitting characteristic is the profit center. When a vendor invoice with a single expense is posted, which is assigned to different profit centers, document splitting will create line items based on the number of profit centers involved. In the Entry view, 5 line items are created to represent each profit center. In the General Ledger view, 9 line items are created as a result of document splitting and the addition of 10% VAT.Rate this question:
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- 50.
Which of the following original Management Accounting objects can you assign in the asset master record? Choose the correct answers. (3)
- A.
Order
- B.
Cost center
- C.
Cost element
- D.
Activity type
Correct Answer(s)
A. Order
B. Cost center
D. Activity typeExplanation
In the asset master record, you can assign the original Management Accounting objects such as Order, Cost center, and Activity type. These objects help in tracking and analyzing the costs associated with assets. Assigning the order allows you to link specific orders to the asset, the cost center helps in allocating costs to the responsible cost center, and the activity type helps in determining the type of activity performed by the asset. Cost element, on the other hand, is not an original Management Accounting object that can be assigned in the asset master record.Rate this question:
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Current Version
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Jan 27, 2023Quiz Edited by
ProProfs Editorial Team -
Jun 20, 2020Quiz Created by
Mohsin.pk
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