Linda in your area -18

In the standard sales process, when is the COGS posting generated in Financial Accounting?

• Issue customer invoice

• Do PGI (Post Goods Issue)

• Create billing document

• Create delivery document

You run the balance carry forward for your company code. When looking at the log you see there is an error with regards to.

What is the cause of the error?

• You have incomplete asset master records.

• You have not closed the previous fiscal year.

• You have not posted depreciation completely.

• You have not run the settlement for your assets under construction.

On what level can you restrict postings using the posting period variant? Note: There are 2 correct answers to this question.

• Customer reconciliation account

• Fixed asset number

• G/L account

• Supplier account

What can you control with the reason code in Accounts Receivable? Note: There are 3 correct answers to this question.

• The type of payment notice sent to a customer

• The account where a residual item is posted

• The document type of the payment

• The special G/L indicator for the down payment

• The exclusion of disputed residual items from credit limit checks

Where do you assign the currency type?

• Accounting principle

• Valuation area

• Company

• Ledger

Which items are taken into account during foreign currency valuation? Note: There are 2 correct answers to this question.

• Balance valuation on items for balance sheet accounts not defined as open item management

• Balance valuation on items for balance sheet accounts defined with ledger group specific open item management

• Line item valuation for balance sheet accounts defined as open item management

• Line item valuation for balance sheet accounts not defined as reconciliation account

How would you define Intercompany Matching and Reconciliation (ICMR)? Note: There are 2 correct answers to this question.

• It is a solution that requires the parallel implementation of SAP Group Reporting Data Collection.

• It is a solution that facilitates transaction matching between systems in Central Finance.

• It is a solution that can be integrated with Group Reporting.

• It is a solution embedded in the SAP S/4HANA core.

You perform foreign currency valuation for open items of your supplier accounts. The valuations will be used only for period end reporting and should then be reversed.

What account does the system use to post the valuation differences?

• Individual supplier accounts with special G/L indicator

• Adjustment G/L account for foreign currency

• Alternative reconciliation G/L account

• Supplier reconciliation G/L account

On which level do you maintain the currency translation ratio between two currencies?

• Exchange rate type

• Currency type

• Document type

• Valuation type

At which levels do you choose between direct and indirect quotation? Note: There are 2 correct answers to this question.

• Exchange rate type

• Country

• Company code

• Client