SAP S4HANA for Financial Accounting

Which of the following information is entered in the chart of accounts segment of a G/L account? Choose the correct answers. (3)

• Consolidation fields

• Account number

• Control fields

• Currency fields

If the deletion program is not executed automatically by the settings in Archiving object specific Customizing, the delete job is started every time an archive file is created. Determine whether this statement is true or false.

• True

• False

Which of the following are the different history sheet groups that each version of asset history sheets can contain? Choose the correct answers. 3

• Book values at the end of the fiscal year

• Imputed interest

• Reposting

• Acquisitions

What is the first step in the reconciliation process? Choose the correct answer.

• Communicate differences

• Collect data from different companies

• Present reconciled and non-reconciled data

Which of the following tolerance groups should every company code always have? Choose the correct answer.

• Named

• Special

• Defined

• Blank

Which of the following activities does the system perform during the payment run? Choose the correct answers. ( 3 )

• The system makes postings to the G/L and AP/AR subledgers.

• The system exports a list of documents to be paid.

• The system supplies the print programs with necessary data.

• The system clears open items.

Which closing activities are used in external reporting as per SAP best practices?

Note: There are 2 correct answers to this question.

• Reclassify receivables and payables

• Update product cost estimates.

• Execute the plan cost center assessment cycle.

• Perform valuations of open items in foreign currency.

Which of the following types of tasks are available in the Financial Closing Cockpit application? Choose the correct answers.

• Flow definition

• Online transactions

• Task list template

• Remote tasks

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.

• False

• True

What are some of the benefits of SAP S/4HANA?

Note: There are 2 correct answers to this question.

• The data is available in real time at line item detail

• The data is aggregated on the fly from any line item table

• The data is analyzed after it is extracted and loaded in the reporting system

• The data is summarized into higher levels of aggregates to help system performance