SAP FI QUESTIONS PART 2

A special group of assets to be shown separately in the general ledger. Which objects do you create in Customizing for Asset Accounting? Choose 2

• Depreciation area
• Financial statement version
• Account determination key
• Asset class

You want to quickly launch the balance sheet for the company code you are responsible for from the SAP Fiori launchpad. What can you create to achieve this?

• Your own financial statement version
• Your own application tile(app)
• Your own application catalog
• Your own application group

What do you configure to allow cross-company-code /Inter-company transactions? Note- There are 2 correct answers to this question.

• Special G/L indicator
• Posting keys
• Account types
• Clearing accounts

In which step of the SAP Financial Closing Cockpit configuration do you define parameters settings for variables of program variants?

• Template creation
• Task list release
• Dependency definition
• Task list creation

What should you check if the balance of the GR/IR account is not zero at the purchase order item level on the balance sheet key date? Note- There are 2 correct answers to this question.

• Check to see if the goods were invoiced by the key date, but have not yet been delivered.
• Check to see if the goods were ordered by the key date, but have not been received.
• Check to see if the goods were delivered by the key date, but have not yet been invoiced.
• Check to see if the goods were produced by the key date, but have not been invoiced.

How do you configure depreciation areas in SAP S/4HANA? Note- There are 2 correct answers to this question.

• Assign depreciation area 01 to the leading ledger.
• Ensure each accounting principle is assigned to a depreciation area.
• Assign a ledger group to each depreciation area.
• Ensure depreciation areas always post to the general ledger.

You are configuring accrual types for the accrual engine. For which postings is account determination required? There are 2 correct answers to this question.

• Opening and Closing Posting only
• Opening Posting only
• Periodic only
• Closing Posting only

Which steps are required to create a substitution in Financial Accounting? There are 3 correct answers to this question.

• Choose the area of application GL.
• Define the substitution rule with its different steps using the formula editor.
• Activate the substitution rule.
• Assign the substitution rule to the controlling area.
• Select the correct call-up point.

You have been asked to set up house banks as part of the implementation. What information do you need? Note: There are 3 correct answers to this question.

• Bank Control Key
• Bank Master Data
• Payment method
• General ledger account (Bank GL)
• Company code.

Which statements best describe a profit center? Note: There are 2 correct answers to this question."

• It is an object for which separate balance sheet and P&L statements can be created, independently from segments being maintain or not.
• It is the only object from which segments can be uniformly derived.
• It is the only object that can be uniformly derived using segments.
• It is an object for which separate balance sheet and P&L statements can be created only when used in conjunction with segment.