Record-to-Report

SAP Activate Implementation framework contributes to the following (There are two correct answers)

• Implementation of system conversion.

• Accelerates new implementation.

• Expedites activation of several modules

• Mandatory framework to be followed for Implementation project.

Which area ensures that accounting data is accurate

• Cost Element Accounting

• General Ledger

• Sub-ledger

• Consolidation data

Accounts Payable records the following data (There are two correct answers)

• Incoming Payment

• Incoming invoices

• Outgoing payment

• Outgoing invoices

Accounts Receivable records the following data (There are two correct answers)

• Incoming Invoices

• Outgoing Invoices

• Incoming Payments

• Outgoing payments

Which of the following postings does not update the general ledger?

• Vendor Invoice

• Customer Payment

• Depreciation posting

• Statistical Posting

• Asset Acquisition

Which of the following is not a sub-ledger in Financial Accounting?

• General Ledger

• Accounts Payable

• Accounts Receivable

• Asset Accounting

In S/4 HANA General Ledger accounting, what is the primary purpose of Document Splitting?

• To facilitate the archiving of old accounting documents.

• To allow for real-time profitability analysis at the segment or profit center level.

• To separate customer and vendor line items from G/L account line items.

• To split large accounting documents into smaller, more manageable parts for easier processing.

In SAP Asset Accounting (FI-AA), what is the purpose of an asset class?

• To categorize assets and determine the depreciation areas for posting depreciation

• To categorize assets and link them to specific G/L accounts for depreciation and acquisition.

• To categorize assets and differentiate the acquisitions costs to depreciation.

• To categorize assets and link them to respective cost centers for posting depreciation during month-end

Which SAP S/4HANA innovation significantly simplifies the closing process by providing real-time reconciliation and eliminating reconciliation efforts between FI and CO?

• The Universal Journal

• Parallel Ledgers

• Consolidations

• Cost Allocations performed during period closing.

What is the key difference between a Cost Element and a G/L Account in the context of SAP FICO before S/4HANA and with Universal Journal?

• Cost Elements are for external reporting, while G/L Accounts are for internal analysis.

• Cost Elements are used for balance sheet items, while G/L Accounts are for profit and loss items.

• All Cost Elements must be created as G/L Accounts in S/4HANA, consolidating the two concepts into the Universal Journal.

• Cost Elements are managed in the FI module, and G/L Accounts are managed in the CO module.