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

Define the substitution rule with its different steps using the formula editor.

Activate the substitution rule.

Select the correct call-up point.

Choose the area of application GL.

Assign the substitution rule to the controlling area.

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.

General ledger account (Bank GL)

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.

"You are getting ready to post your first simple general ledger document using the SAP Fiori app for posting in a test environment. What configuration items do you need to set up to post a simple document? Note: There are 2 correct answers to this question. "

The posting period variant must be created and assigned.

Number range and document types must be maintained.

User must be assigned to a tolerance group.

Line item text templates must be maintained.

"Besides using the profit center, which options does General Ledger Accounting with document splitting provide to assign a segment to the posting line? Note: there are 2 correct answers to this question

Standard account assignment using constants

Badi implementation (FAGL_DERIVE_SEGMENT

Assignment of default segments to G/L accounts

What does the document type control? Note: There are 2 correct answers to this question."

Which account types are allowed for postings

Whether negative postings are permitted

Which posting keys are allowed for postings

Whether text is required on line item level.

"Which of the following statements are valid for financial document number ranges? Note: There are 3 correct answers to this question"

The same financial document number range can be assigned to several document types

Financial document number ranges must be defined for the year in which they are used

Financial document number ranges are defined at company code level

All financial document number ranges can contain numbers and/or letters

Financial document number ranges defined at client level should NOT overlap.

How do you identify an asset as an asset under construction?

The asset belongs to a specific asset class.

The asset capitalization date is empty.

The ordinary depreciation start date is empty.

The asset is assigned to NO depreciation area

You are asked to explain how assets under construction work in SAP S/4 HANA What should you highlight? Note: There are 2 correct answers to this question.

It is possible to post credit memos, even after assets under construction are fully capitalized

It is possible to post special tax depreciation and investment support for assets under construction

It is possible to calculate and post depreciation in the balance sheet depreciation area for assets under construction

It is impossible to use assets under construction with Investment Management.

Which of the following should you consider when defining asset number ranges? Note: There are 2 correct answers to this question."

Each asset class can have either an internal or external number range.

Asset number range are defined for asset classes and are company code specific.

Asset number range are defined at chart of depreciation level.

Each asset number range must be assigned to a unique asset class.

You forget to add a new general ledger account to the financial statement version. What impact does this have on the net profit and net loss?"

The balance of the new account is added to the non-assigned section and is excluded from the calculation.

The balance of the new account is added to the non-assigned section and is included in the calculation

The balance of the new account is added to the notes in the financial statement item section and is included in the calculation

The balance of the new account is added to the notes in the financial statement item section and is excluded from the calculation

To use the SAP Financial Closing cockpit, which steps are required? Note: There are 3 correct answers to this question"

Define the person responsible for tasks

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

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

In the ledger approach, you assign a ledger group to every depreciation area, unlike the account 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 define a technical clearing account for integrated asset acquisitions, unlike the ledger approach.

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 on the screen layout maintenance page to ensure the inventory number is NOT copies over when you create new asset master via copy?"

Remove the main asset indicator

Remove the asset class indicator

Asset Accounting: How can you perform transfers of asset between company codes with different chart of depreciation?

Configure the cross-company depreciation areas in Customizing.

Define a global transfer variant and assign all the depreciation areas to it.

Enter depreciation area mapping during intercompany transfer posting.

Ensure the same depreciation areas are used in all charts of depreciation

You are a group cash manager interested in the Australia business market. What are the personalization options available to you in SAP Fiori? Note: There are 2 correct answers to this question"

You can create a tile to take you directly to the cash position of the Australia business market

You can manage user access to relevant apps for the the Australia accounts payable group that reports to you.

You can adapt the launchpad color theme according to predefined values for the cash report

You can create a tile group with all the apps required for you daily business for easy access

What is the purpose of period interval 3 when you define open and closed periods?

A. Posting to special purpose ledger

C. Posting to the extension ledger

SAP FI QUESTIONS PART 2

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33 questions

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MULTIPLE SELECT QUESTION

30 sec • 1 pt

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

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

MULTIPLE SELECT QUESTION

30 sec • 1 pt

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

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

MULTIPLE SELECT QUESTION

30 sec • 1 pt

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.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

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.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

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

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