SAP S/4HANA For Financial Accounting Associates - Mini
Financial Accounting Associates - Mini
- 1.
Cleared items contain which of the following pieces of information?
- A.
Clearing document number
- B.
Due date
- C.
Clearing date
- D.
Archival information
Correct Answer(s)
A. Clearing document number
C. Clearing dateExplanation
Cleared items contain the clearing document number and clearing date. The clearing document number is important for tracking and identifying the specific document that was used to clear the item. The clearing date indicates the date on which the item was cleared, providing information about when the transaction was completed.Rate this question:
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- 2.
Which data can you edit in the payment proposal? Note: There are 3 correct answers to this question.
- A.
House Bank
- B.
Payment block
- C.
Payee
- D.
Cash discount
- E.
Invoice amount
Correct Answer(s)
A. House Bank
B. Payment block
D. Cash discountExplanation
In the payment proposal, you can edit the data related to the House Bank, Payment block, and Cash discount. The House Bank refers to the bank account from which the payment will be made. The Payment block allows you to specify if a payment should be blocked or released. Cash discount refers to a deduction in the payment amount if the payment is made within a specified time frame.Rate this question:
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- 3.
Which edition of SAP S/4 HANA introduced the universal journal?
- A.
SAP S/4 HANA 1511
- B.
SAP S/4 HANA Cloud
- C.
SAP S/4 HANA Finance 1503
- D.
SAP Business Suite powered by SAP HANA
Correct Answer
D. SAP Business Suite powered by SAP HANAExplanation
The correct answer is SAP Business Suite powered by SAP HANA. This edition of SAP S/4 HANA introduced the universal journal.Rate this question:
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- 4.
What do you define in payment terms?
- A.
Tolerance days
- B.
Cash discounts
- C.
Posting key
- D.
Due date specification
Correct Answer(s)
B. Cash discounts
D. Due date specificationExplanation
Payment terms refer to the conditions and agreements set between a buyer and a seller regarding the payment of goods or services. Cash discounts and due date specifications are both important components of payment terms. Cash discounts are incentives offered by sellers to encourage prompt payment, usually in the form of a percentage reduction in the total amount due. Due date specifications, on the other hand, indicate the specific date by which the payment must be made. Both of these elements play a crucial role in determining the timing and amount of payment in a transaction.Rate this question:
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- 5.
How many posting period intervals in SAP S/4 HANA are used for posting of Financial Accounting (FI) and Controlling (CO)?
- A.
2
- B.
3
- C.
12
- D.
16
Correct Answer
B. 3Explanation
In SAP S/4 HANA, there are three posting period intervals used for posting of Financial Accounting (FI) and Controlling (CO). These intervals are used to define the different time periods in which financial and controlling transactions can be posted. By having three intervals, it allows for more flexibility in organizing and managing the posting periods, ensuring accurate and timely financial and controlling data.Rate this question:
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- 6.
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. A depreciation area represents a specific accounting principle or set of rules that determine how the asset's value will be calculated and recorded. By assigning different depreciation areas to an asset, parallel accounting can be achieved, allowing for separate valuations based on different accounting standards or requirements. This enables organizations to maintain accurate and compliant financial records for multiple accounting purposes.Rate this question:
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- 7.
What must you do to create new validations and substitutions?
- A.
Define the area of application
- B.
Choose the chart of accounts
- C.
Select the relevant call-up points
- D.
Deactivate all former validations and substitutions
Correct Answer(s)
A. Define the area of application
C. Select the relevant call-up pointsExplanation
To create new validations and substitutions, you need to define the area of application, which means specifying where these validations and substitutions will be applied. Additionally, you need to select the relevant call-up points, which are the specific points in the system where these validations and substitutions will be triggered. By defining the area of application and selecting the call-up points, you can effectively create new validations and substitutions in the system.Rate this question:
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- 8.
Which information is checked by the system before a general ledger account k archived?
- A.
The Blocked for Posting indicator is set in master data
- B.
The assigned group account is already archived.
- C.
The Mark of Deletion indicator is set in master data
- D.
The Open item Management indicator is set in master data
Correct Answer
C. The Mark of Deletion indicator is set in master dataExplanation
The system checks for the Mark of Deletion indicator in the master data before archiving a general ledger account. This indicator is used to identify if the account has been marked for deletion, indicating that it should no longer be used or displayed in the system. By checking this indicator, the system ensures that only active and relevant accounts are archived, maintaining data integrity and preventing unnecessary archiving of accounts that are still in use.Rate this question:
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- 9.
You are creating an asset master record by copying another asset, and you notice that the inventory 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?
- A.
Remove the subnumber indicator in screen layout maintenance
- B.
Remove the main asset indicator screen layout maintenance
- C.
Remove the asset class indicator in screen layout
- D.
Remove the reference indicator in screen layout maintenance
Correct Answer
D. Remove the reference indicator in screen layout maintenanceExplanation
To ensure that the inventory number is not copied over when creating a new asset via copy, you need to remove the reference indicator in screen layout maintenance. This indicator is responsible for copying the reference information from the original asset to the new asset. By removing this indicator, you can prevent the inventory number from being copied over and maintain a unique inventory number for the new asset.Rate this question:
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- 10.
In which object do you define which SAP Fiori /apps a user can use
- A.
Fiori tile catalog
- B.
Fiori app library
- C.
Fiori tile group
- D.
Fiori default values
Correct Answer
A. Fiori tile catalogExplanation
The Fiori tile catalog is where you define which SAP Fiori apps a user can use. It serves as a centralized repository for all available Fiori apps and allows administrators to manage and assign access to specific apps for different users or user groups. By organizing and categorizing the apps in the tile catalog, administrators can easily control and customize the app selection for each user, ensuring that they only have access to the relevant apps for their role or responsibilities.Rate this question:
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- 11.
On which database is SAP S/4 HANA built to run?
- A.
Only on SAP HANA
- B.
On all data bases that supports columnar data storage
- C.
On all modern enterprise level databases
- D.
On a select list of SAP and third-party databases
Correct Answer
A. Only on SAP HANAExplanation
SAP S/4 HANA is built to run only on SAP HANA. This means that it is specifically designed and optimized to work with SAP's in-memory database platform. It cannot run on any other database system. By utilizing the capabilities of SAP HANA, SAP S/4 HANA can provide real-time analytics, faster data processing, and improved performance for businesses.Rate this question:
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- 12.
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.
Account number
- C.
Control fields
- D.
Currency fields
Correct Answer(s)
A. Consolidation fields
B. Account number
C. Control fieldsExplanation
The chart of accounts segment of a G/L account includes the account number, consolidation fields, and control fields. The account number is used to uniquely identify the account within the chart of accounts. Consolidation fields are used to group accounts for financial reporting purposes. Control fields are used to define various settings and parameters for the account, such as whether it is a balance sheet or income statement account. Currency fields, however, are not entered in the chart of accounts segment.Rate this question:
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- 13.
You are asked to explain the assets under construction functionality in SAP S/4 HANA. What should you highlight?
- A.
It is impossible to use the assets under construction in Investment Management
- B.
It is possible to post special tax depreciation and investment support for assets under construction.
- C.
It is possible to post credit memos, even after asset construction are fully capitalized.
- D.
It is possible to calculate and post depreciation in the balance sheet depreciation area of assets under constructions
Correct Answer(s)
B. It is possible to post special tax depreciation and investment support for assets under construction.
C. It is possible to post credit memos, even after asset construction are fully capitalized.Explanation
The assets under construction functionality in SAP S/4 HANA allows for the posting of special tax depreciation and investment support for assets that are still under construction. Additionally, it allows for the posting of credit memos even after the asset construction has been fully capitalized.Rate this question:
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- 14.
True or False: In an environment of systems using SAP HANA, you can perform both OLAP and OLTP processing without duplication of data for the SAP BW and SAP ERP systems.
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
In an environment of systems using SAP HANA, it is possible to perform both OLAP (Online Analytical Processing) and OLTP (Online Transaction Processing) without duplicating data for the SAP BW (Business Warehouse) and SAP ERP (Enterprise Resource Planning) systems. This is because SAP HANA is an in-memory database platform that allows real-time processing and analysis of large volumes of data. It eliminates the need for data duplication by providing a unified view of the data, enabling both analytical and transactional processing to be performed on the same data set.Rate this question:
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- 15.
What dunning-related data do you maintain on the business partner master record? There are 3 correct answers.
- A.
Dunning area
- B.
Dunning procedure
- C.
Dunning key
- D.
Dunning intercal
- E.
Dunning block
Correct Answer(s)
A. Dunning area
B. Dunning procedure
E. Dunning blockExplanation
The business partner master record maintains dunning-related data such as the dunning area, dunning procedure, and dunning block. The dunning area is used to group business partners for dunning purposes, the dunning procedure defines the sequence and parameters for dunning activities, and the dunning block indicates whether a business partner is blocked for dunning.Rate this question:
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- 16.
Which data sections are part of every asset class? There are 2 correct answers.
- A.
Valuation area data section
- B.
Master data section
- C.
Depreciation data section
- D.
Account determination data section
Correct Answer(s)
B. Master data section
C. Depreciation data sectionExplanation
The master data section is part of every asset class as it contains the basic information about the asset, such as its description, location, and responsible person. The depreciation data section is also part of every asset class as it includes the depreciation key and method used to calculate the asset's depreciation over time. These two data sections are essential for managing and tracking assets effectively.Rate this question:
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- 17.
Which of the following is the first step in the variant principle?
- A.
Determine value for the variant
- B.
Assign the variant to the objects
- C.
Define Variant
- D.
Create multiple variants
Correct Answer
C. Define VariantExplanation
The first step in the variant principle is to define the variant. This involves specifying the different options or variations that can be applied to an object or system. By defining the variant, you establish the framework for how the object or system can be customized or adapted to meet different needs or preferences. Once the variant is defined, you can then move on to determining the value for the variant and assigning it to the appropriate objects. Creating multiple variants may also be done later in the process, but it is not the first step.Rate this question:
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- 18.
Which of the following product lines does the SAP S/4HANA system rely on for most human resource management functions?
- A.
SAP Hybris
- B.
SAP Ariba
- C.
Concur
- D.
SAP SuccessFactors
Correct Answer
D. SAP SuccessFactorsExplanation
The SAP S/4HANA system relies on the SAP SuccessFactors product line for most human resource management functions.Rate this question:
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- 19.
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.
Imputed interest
- B.
Book values at the end of the fiscal year
- C.
Acquisitions
- D.
Reposting
Correct Answer(s)
B. Book values at the end of the fiscal year
C. Acquisitions
D. RepostingExplanation
The different history sheet groups that each version of asset history sheets can contain are book values at the end of the fiscal year, acquisitions, and reposting.Rate this question:
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- 20.
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.
Remote tasks
- C.
Flow definition
- D.
Online transactions
Correct Answer(s)
B. Remote tasks
C. Flow definition
D. Online transactionsExplanation
The Financial Closing Cockpit application offers three types of tasks: remote tasks, flow definition, and online transactions. Remote tasks allow users to perform tasks remotely, without having to physically access the system. Flow definition refers to the ability to define and manage workflows within the application. Online transactions enable users to perform financial transactions directly within the application.Rate this question:
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- 21.
Identify the criteria that usually differentiate between document change rules. There are 2 correct answers to this question.
- A.
Company code
- B.
Asset class
- C.
Account type
- D.
Open items
Correct Answer(s)
A. Company code
C. Account typeExplanation
The criteria that usually differentiate between document change rules are the company code and the account type. These two factors determine how documents are processed and what changes can be made to them. The company code refers to the specific organization or entity for which the document is being created or modified. The account type refers to the type of account or financial transaction that the document is related to. These criteria help determine the appropriate rules and restrictions for changing documents within a company's financial system.Rate this question:
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- 22.
Which of the following standard correspondence types can you use to exchange information with customers and suppliers? Note: There are 2 correct answers to this question.
- A.
Payment notices
- B.
Bill of exchange charges statementss
- C.
Invoices
- D.
Dunning letters
Correct Answer(s)
A. Payment notices
D. Dunning lettersExplanation
Payment notices and dunning letters are both standard correspondence types that can be used to exchange information with customers and suppliers. Payment notices are used to inform customers or suppliers about the amount due and the payment deadline. Dunning letters, on the other hand, are used to remind customers or suppliers about overdue payments and to request payment. Both types of correspondence are commonly used in business transactions to ensure timely payments and maintain good relationships with customers and suppliers.Rate this question:
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- 23.
What do you define in Customizing for the payment program? Note: There are 3 correct answers to this question.
- A.
Bank determination
- B.
Forms for the payment media
- C.
Allowed currencies
- D.
Payment run ID
- E.
Exchange rate type
Correct Answer(s)
A. Bank determination
B. Forms for the payment media
C. Allowed currenciesExplanation
In Customizing for the payment program, you define the bank determination, forms for the payment media, and allowed currencies. Bank determination refers to the process of determining the bank through which the payment will be made. Forms for the payment media are the templates or formats used for generating payment documents. Allowed currencies are the currencies that are permitted for payment transactions. These three elements are essential in customizing the payment program to ensure accurate and efficient payment processing.Rate this question:
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- 24.
You need to enter a percentage rate in the terms of payment to calculate_____ Please choose the correct answer.
- A.
Debit amount
- B.
Credit amount
- C.
Invoice discount
- D.
Cash discount
Correct Answer
D. Cash discountExplanation
When entering a percentage rate in the terms of payment, it is used to calculate the cash discount. A cash discount is a reduction in the amount to be paid by a customer if the payment is made within a specified period of time. By entering a percentage rate in the terms of payment, the system can automatically calculate the cash discount amount based on the total invoice amount.Rate this question:
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- 25.
How can you post accruals? Note: There are 3 correct answers to this question.
- A.
Run the depreciation program.
- B.
Reclassify the receivables and payables.
- C.
Post manually at the end of a period, quarter, or year.
- D.
Use the recurring entry program.
- E.
Execute the periodic accrual run.
Correct Answer(s)
C. Post manually at the end of a period, quarter, or year.
D. Use the recurring entry program.
E. Execute the periodic accrual run.Explanation
You can post accruals by manually posting them at the end of a period, quarter, or year. Additionally, you can use the recurring entry program to automate the posting of accruals. Another option is to execute the periodic accrual run, which will automatically generate and post accrual entries.Rate this question:
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- 26.
When procurement transactions are posted, which of the following steps is exclusively carried out in Materials Management? Choose the correct answer.
- A.
Invoice receipt
- B.
Creation of purchase order
- C.
Goods receipt
Correct Answer
B. Creation of purchase orderExplanation
In the procurement process, the creation of a purchase order is exclusively carried out in Materials Management. This step involves generating a document that specifies the details of the goods or services to be procured, including quantity, price, and delivery date. The purchase order serves as a legally binding agreement between the buyer and the supplier. It is initiated in Materials Management to ensure proper tracking and control of the procurement process and to facilitate the subsequent steps of invoice receipt and goods receipt.Rate this question:
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- 27.
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.
Asset class
- D.
Account determination key
Correct Answer(s)
C. Asset class
D. Account determination keyExplanation
In Customizing for Asset Accounting, you would create the asset class and account determination key to show the values for a special group of assets separately in the general ledger. The asset class is used to classify assets based on their characteristics, while the account determination key is used to determine the G/L accounts for posting asset values. By creating these objects, you can ensure that the values for the special group of assets are correctly accounted for and displayed in the general ledger.Rate this question:
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- 28.
Which of the following lists support the dunning clerk’s work? There are 3 correct answers to this question.
- A.
The dunning list
- B.
The list of vendor balances in local currency
- C.
The dunning history list
- D.
The blocked accounts list
Correct Answer(s)
A. The dunning list
C. The dunning history list
D. The blocked accounts listExplanation
The dunning clerk's work involves managing and collecting outstanding payments from customers. The dunning list helps the clerk keep track of customers who have unpaid invoices and need to be reminded to make their payments. The dunning history list provides a record of previous dunning activities, allowing the clerk to track the progress of collection efforts. The blocked accounts list helps the clerk identify customers whose accounts have been blocked due to non-payment or other issues, enabling them to take appropriate actions to resolve the situation.Rate this question:
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- 29.
Which of the following statements are valid for financial document number ranges? There are 3 correct answers to this question.
- A.
Financial document number ranges defined at client level should NOT overlap.
- B.
Financial document number ranges must be defined for the year in which they are use
- C.
Financial document number ranges are defined at company code level.
- D.
All financial document number ranges can contain numbers and/or letters.
- E.
The same financial document number range can be assigned to several document types.
Correct Answer(s)
A. Financial document number ranges defined at client level should NOT overlap.
C. Financial document number ranges are defined at company code level.
E. The same financial document number range can be assigned to several document types.Explanation
Financial document number ranges are defined at the client level and should not overlap to ensure that each document has a unique number. They are also defined at the company code level to organize and manage financial documents within a specific company. Additionally, the same number range can be assigned to multiple document types, allowing for flexibility and consistency in document numbering.Rate this question:
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- 30.
Which of the following steps are parts of the process of configuring the payment program? There are 3 correct answers to this question.
- A.
Configure the payment methods for each company code
- B.
Configure the G/L account field status for document entry
- C.
Configure the house banks
- D.
Configure the paying company codes
Correct Answer(s)
A. Configure the payment methods for each company code
C. Configure the house banks
D. Configure the paying company codesExplanation
The process of configuring the payment program involves three steps. Firstly, you need to configure the payment methods for each company code, which specifies the available payment methods that can be used for each company code. Secondly, you need to configure the house banks, which involves setting up the bank accounts that will be used for payment transactions. Lastly, you need to configure the paying company codes, which determines which company codes are authorized to make payments.Rate this question:
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- 31.
Which of the following objects are relevant to the dunning program configuration? There are 3 correct answers to this question.
- A.
Expenses or charges
- B.
Bank selection
- C.
Minimum amounts
- D.
Dunning levels
Correct Answer(s)
A. Expenses or charges
C. Minimum amounts
D. Dunning levelsExplanation
The objects that are relevant to the dunning program configuration are expenses or charges, minimum amounts, and dunning levels. These objects are necessary for setting up the dunning program and determining how it will handle expenses or charges, minimum amounts, and the different levels of dunning. Bank selection is not relevant to the dunning program configuration.Rate this question:
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- 32.
When you post a manual incoming payment, which parameters are valid for all payment documents? Note: There are 2 correct answers to this question.
- A.
Residual item
- B.
Tolerance group
- C.
Journal entry type
- D.
Bank account
Correct Answer(s)
C. Journal entry type
D. Bank accountExplanation
The parameters that are valid for all payment documents when posting a manual incoming payment are the journal entry type and the bank account. The journal entry type determines the specific accounting treatment for the payment, while the bank account specifies the account to which the payment is being made.Rate this question:
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- 33.
What is controlled by the terms of payment? There are 3 correct answers to this question.
- A.
Account for cash discount received
- B.
Allowed account type
- C.
Default payment method
- D.
Setting for net procedure
- E.
Determination of the baseline date
Correct Answer(s)
B. Allowed account type
C. Default payment method
E. Determination of the baseline dateExplanation
The terms of payment control the allowed account type, default payment method, and determination of the baseline date. The allowed account type determines which type of account can be used for payment. The default payment method is the method that is automatically selected unless the customer chooses a different one. The determination of the baseline date is important for calculating the due date of payment.Rate this question:
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- 34.
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? There are 2 correct answers to this question.
- A.
SAP Ariba
- B.
SAP C/4HANA
- C.
SAP Success Factors
- D.
SAP Fieldglass
Correct Answer(s)
C. SAP Success Factors
D. SAP FieldglassExplanation
SAP Success Factors and SAP Fieldglass are the applications from the SAP portfolio that integrate with SAP S/4HANA to help with human resource management. These applications provide solutions for managing HR processes, such as talent management, workforce planning, and contingent workforce management. By integrating these applications with SAP S/4HANA, organizations can streamline their HR processes and make data-driven decisions to optimize their workforce management.Rate this question:
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- 35.
A customer payment was received. An open item does NOT exist for the payment. How can you post the payment?
- A.
Create a down payment
- B.
Post payment on account
- C.
Post partial payment
- D.
Create a residual item
Correct Answer
B. Post payment on accountExplanation
To post the payment when there is no open item, the option "Post payment on account" can be chosen. This means that the payment will be posted as a credit to the customer's account, which can be applied to future invoices or used to offset any outstanding balances. This option allows for flexibility in managing the customer's account and ensures that the payment is properly recorded.Rate this question:
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- 36.
Which of the following are standard correspondence types? Note: There are 3 correct answers to this question.
- A.
Payment notice
- B.
Account statement
- C.
Payment proposal
- D.
Document journal
- E.
Open items list
Correct Answer(s)
A. Payment notice
B. Account statement
E. Open items listExplanation
The standard correspondence types are payment notice, account statement, and open items list. These types of correspondence are commonly used in financial transactions and record-keeping. Payment notice is used to inform the recipient about a payment that is due or has been made. An account statement provides a summary of the transactions and balances in a financial account. An open items list is a record of outstanding or unresolved items that need to be addressed or cleared. These correspondence types are essential in maintaining accurate financial records and facilitating communication between parties involved in financial transactions.Rate this question:
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- 37.
What is the recommended organizational unit for cost-of-sales accounting? Please choose the correct answer
- A.
Functional area
- B.
Controlling area
- C.
Business area
- D.
Sales area
Correct Answer
A. Functional areaExplanation
The recommended organizational unit for cost-of-sales accounting is the functional area. This is because the functional area is responsible for managing specific functions within an organization, such as sales, production, or finance. Cost-of-sales accounting involves tracking and analyzing the costs associated with sales activities, such as the cost of goods sold. By assigning cost-of-sales accounting to the functional area, it ensures that the costs are accurately recorded and attributed to the appropriate department or function.Rate this question:
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- 38.
How do you configure depreciation areas in SAP S/4HANA? There are 2 correct answers to this question.
- A.
Ensure each accounting principle is assigned to a depreciation area.
- B.
Assign depreciation area 01 to the leading ledger.
- C.
Ensure depreciation areas always post to the general ledger.
- D.
Assign a ledger group to each depreciation area.
Correct Answer(s)
C. Ensure depreciation areas always post to the general ledger.
D. Assign a ledger group to each depreciation area.Explanation
The correct answers for configuring depreciation areas in SAP S/4HANA are to ensure that depreciation areas always post to the general ledger and to assign a ledger group to each depreciation area. By ensuring that depreciation areas always post to the general ledger, the system will automatically update the general ledger with the depreciation postings. Assigning a ledger group to each depreciation area allows for proper reporting and analysis of depreciation data by different accounting principles or ledgers.Rate this question:
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- 39.
What does the year-end closing program in Asset Accounting do? Note: There are 3 correct answers to this question.
- A.
It settles all assets under construction with values and maintained settlement rules.
- B.
It checks whether the depreciation is posted completely for the fiscal year.
- C.
It posts all remaining depredation and imputed interest.
- D.
It indicates if any of the created asset master records contain errors or are incomplete.
- E.
It blocks all postings to Asset Accounting for the closed fiscal years.
Correct Answer(s)
B. It checks whether the depreciation is posted completely for the fiscal year.
D. It indicates if any of the created asset master records contain errors or are incomplete.
E. It blocks all postings to Asset Accounting for the closed fiscal years.Explanation
The year-end closing program in Asset Accounting performs several tasks. Firstly, it checks whether the depreciation has been posted completely for the fiscal year. This ensures that all necessary depreciation entries have been made. Secondly, it indicates if any of the created asset master records contain errors or are incomplete. This helps to identify and rectify any issues with the asset records. Lastly, it blocks all postings to Asset Accounting for the closed fiscal years. This prevents any further changes or additions to the accounting records for the closed fiscal years.Rate this question:
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- 40.
You are configuring accrual types for the accrual engine. For which postings is the account determination required? There are 2 correct answers to this question.
- A.
Opening Posting only
- B.
Opening and Closing Posting only
- C.
Closing Posting only
- D.
Periodic only
Correct Answer(s)
A. Opening Posting only
D. Periodic onlyExplanation
The account determination is required for Opening Posting only and Periodic only. This means that when configuring accrual types for the accrual engine, the account determination is only necessary for these two types of postings. It is not required for Closing Posting only.Rate this question:
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- 41.
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? Please choose the correct answer.
- A.
Remove the main asset indicator in screen layout maintenance.
- B.
Remove the reference indicator in screen layout maintenance.
- C.
Remove the asset class indicator in screen layout maintenance.
- D.
Remove the subnumber indicator in screen layout maintenance.
Correct Answer
B. Remove the reference indicator in screen layout maintenance.Explanation
By removing the reference indicator in screen layout maintenance, you ensure that the inventory number is not copied over when creating a new asset via copy. The reference indicator is responsible for copying the inventory number from the original asset to the new asset. Removing this indicator prevents the inventory number from being carried over during the copying process.Rate this question:
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- 42.
What is the recommended field status setting for fields in the customer-vendor account groups in the Financial Accounting customizing?
- A.
Required
- B.
Display
- C.
Optional
- D.
Hide
Correct Answer(s)
A. Required
C. OptionalExplanation
The recommended field status setting for fields in the customer-vendor account groups in the Financial Accounting customizing can be either "Required" or "Optional". This means that the fields can either be mandatory for data entry or optional, depending on the specific requirements of the organization.Rate this question:
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- 43.
Which of the following are posted in the program FAA_DEPRECIATION_POST? There are 3 correct answers to this question.
- A.
Unplanned depreciation or other manually planned depreciation
- B.
Parallel APC values
- C.
Imputed interest
- D.
Ordinary depreciation such as book depreciation or imputed depreciation
Correct Answer(s)
A. Unplanned depreciation or other manually planned depreciation
C. Imputed interest
D. Ordinary depreciation such as book depreciation or imputed depreciationExplanation
The program FAA_DEPRECIATION_POST posts unplanned depreciation or other manually planned depreciation, imputed interest, and ordinary depreciation such as book depreciation or imputed depreciation.Rate this question:
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- 44.
On which database is SAP S/4HANA built to run? Please choose the correct answer.
- A.
On all databases that support columnar data storage
- B.
On a select list of SAP and third-party databases
- C.
Only on SAP HANA
- D.
On all modern enterprise level databases
Correct Answer
C. Only on SAP HANAExplanation
SAP S/4HANA is built to run only on SAP HANA, which is a high-performance in-memory database platform. This means that SAP S/4HANA can take full advantage of the capabilities and features provided by SAP HANA, such as real-time data processing, advanced analytics, and fast data retrieval. By being tightly integrated with SAP HANA, SAP S/4HANA can deliver faster and more efficient performance compared to running on other databases.Rate this question:
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- 45.
Which statements best describe a chart of depreciation? There are 2 correct answers to this question.
- A.
A chart of depreciation is company-code-specific; therefore, two company codes CANNOT use the same chart of depreciation.
- B.
A chart of depreciation is a country-specific object that is delivered with SAP S/4HANA.
- C.
A chart of depreciation contains multiple depreciation areas with a provision for addition and deletion of depreciation areas.
- D.
A chart of depreciation is mandated by a country's statutory requirement and should be adopted as is.
Correct Answer(s)
B. A chart of depreciation is a country-specific object that is delivered with SAP S/4HANA.
C. A chart of depreciation contains multiple depreciation areas with a provision for addition and deletion of depreciation areas.Explanation
A chart of depreciation is a country-specific object that is delivered with SAP S/4HANA. It is not possible for two company codes to use the same chart of depreciation. Additionally, a chart of depreciation contains multiple depreciation areas and allows for the addition and deletion of depreciation areas.Rate this question:
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- 46.
Which of the following special G/L transactions are noted items? Note: There are 2 correct answers to this question.
- A.
Guarantee of payment
- B.
Bill of exchange payment request
- C.
Down payment
- D.
Down payment request
Correct Answer(s)
B. Bill of exchange payment request
D. Down payment requestExplanation
The correct answers for this question are "Bill of exchange payment request" and "Down payment request." These two transactions are considered noted items because they require special documentation or recording. A bill of exchange payment request is a transaction where a bill of exchange is used as a form of payment, and it requires special handling and recording. Similarly, a down payment request is a transaction where a down payment is requested from a customer, and it also requires special documentation and recording.Rate this question:
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- 47.
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? Please choose the correct answer.
- A.
You can only post to the account in CAD and USD.
- B.
You can only post to the account in USD.
- C.
You can only post to the account in CAD.
- D.
You can only post to the account in CAD, USD, and EUR.
Correct Answer
C. You can only post to the account in CAD.Explanation
The correct answer is "You can only post to the account in CAD." This is because the general ledger account has a foreign currency setting of CAD, meaning that transactions can only be recorded in Canadian dollars. The company code currency is USD, but since the account is set to CAD, transactions cannot be posted in USD. Similarly, the controlling area currency is EUR, but transactions cannot be posted in EUR either because the account is set to CAD. Therefore, the only currency that can be used to post transactions to this account is CAD.Rate this question:
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- 48.
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.
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
The explanation for the given correct answer is that the public cloud edition of SAP S/4HANA only offers the latest released version to its customers. This means that customers using the public cloud edition do not have the option to choose or stay on previous versions of the software. The public cloud edition ensures that all customers are on the latest version, which allows for consistent updates, improvements, and access to the latest features and functionalities.Rate this question:
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- 49.
What is the purpose of the reorganization of segments? There are 2 correct answers to this question.
- A.
Enables merge of segments.
- B.
Enables segment reassignments.
- C.
Enables segment derivation.
- D.
Enables segment deletion.
Correct Answer(s)
A. Enables merge of segments.
B. Enables segment reassignments.Explanation
The purpose of the reorganization of segments is to enable the merge of segments and the reassignment of segments. This process allows for the consolidation of segments, making it easier to manage and analyze data. It also allows for the adjustment of segment assignments, ensuring that data is organized and categorized correctly. Segment derivation and deletion are not mentioned as purposes of the reorganization in this question.Rate this question:
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- 50.
In which application areas can you use validation? Note: There are 2 correct answers to this question.
- A.
Asset Accounting
- B.
Materials Management
- C.
Cost Accounting
- D.
Profit Center Accounting
Correct Answer(s)
A. Asset Accounting
C. Cost AccountingExplanation
Validation can be used in Asset Accounting and Cost Accounting application areas. In Asset Accounting, validation can be used to ensure that the values entered for assets, such as cost and depreciation, are accurate and meet the defined criteria. In Cost Accounting, validation can be used to verify the accuracy of cost calculations and allocations, ensuring that the costs assigned to different cost objects are correct.Rate this question:
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Current Version
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Jan 27, 2023Quiz Edited by
ProProfs Editorial Team -
Jun 22, 2020Quiz Created by
Jonathan.miranda
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