SAP FICO Common Missed Questions

Identify the steps performed during the general ledger closing operations for the fiscal year.

There are 3 correct answers to this question.

• The balance carry forward program is run.

• Vendor invoices are posted.

• Accruals are carried out.

• Foreign currency documents are valuated.

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

Please choose the correct answer.

• In the ledger approach, you assign a ledger group to every depreciation area, unlike the accounts approach.

• In the accounts approach, you define a technical clearing account for integrated asset acquisitions, unlike the ledger approach.

• In the ledger approach, you maintain additional depreciation areas to post the delta valuation of each accounting principle, unlike the accounts approach.

• In the accounts approach, you assign a completely separate set of accounts for each accounting principle, unlike the ledger approach.

Which requirements do you need to fulfill to use data aging for Finance in the SAP S/4HANA system?

There are 3 correct answers to this question.

• Switch on the data aging business function.

• Activate aging on SAP HANA.

• Activate data aging for your company code.

• Define the logical file path as a global path for data aging.

• Add required authorizations for data aging to your role.

Which STANDARD CURRENCY types must be used when configuring the currency settings for company codes?

There are 2 correct answers to this question.

• Company code currency

• Document currency

• Controlling area currency

• Group currency

How can you set up multiple valuations for transfer pricing in your SAP S/4HANA system?

There are 2 correct answers to this question.

• You can assign more than 3 valuations to the same ledger.

• You can assign more than 3 valuations to different ledgers, if you have enough ledgers defined.

• You can assign profit center, group, and legal valuations to the same ledger.

• You can assign each valuation to a separate ledger.