New SAP FICO review

A customer wants to analyze a G/L account, which is presenting asset acquisition value, on an investment order. What do you maintain in the G/L account master record to achieve this?

There are 2 correct answers to this question.

• Enter value 90 in the cost element category field.

• Define the G/L account as an asset reconciliation acount.

• Set the G/L account type to Non-operating Expense or income.

• Select the Record Account Assignment indicator.

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

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

• You cna assign each valuation to a seperate ledger.

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

You are responsible for implementing Asset Accounting. You are provided with the legacy data of various assets and their grouping informaiton based on category, life, and depreciaiton terms.

What configuration step would you initiate to maintain these categories in SAP S/4HANA?

• Define general ledger accounts per each category by legacy asset.

• Define asset clases and maintain their attributes.

• Copy the chart of depreciation and maintain depreciation areas.

• Configure depreciation keys and calculation keys.

In an asset main number in Asset Accounting, which information can be different between international GAAP and local GAAP?

There are 2 correct anwers to this question.

• Capitalization date

• Net book value

• Depreciation start date

• Asset class

In your system, you currently perfom 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.

• Bank determination

• Paying company codes

• Special G/L indicators

• Payment terms

How does an automatic intercompany asset transfer work?

• It does NOT allow a transfer to happen within a single legal entity.

• It assumes that the transfer happens between two independent legal entities.

• It determines the relational type automatically, using the company ID.

• It determines the relationship type automatically, using the company code.

Customers using classic General Ledger Accounting can use RFBILAOO to create a financial statement at which organization level.

• Business area level

• Company code level

• Client level

• Segment level

Which of the following statements best describe a noted item?

There are 2 correct answers to this question.

• It has an automatic statistical offsetting entry.

• It updates the subledger and the general ledger.

• It can be used to remind the user about due payments.

• It can be accesed by the payment program.