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WorksheetsS4 Hana 2020 test
Total questions: 80
Worksheet time: 53mins
You want to create a substitution in Financial Accounting.
Which parts do you have to define for each step of the substitution? Note: There are 2 correct answers to this question.
Prerequisite
Check
Message
Replacement
What is the purpose of period interval 3 when you define open and closed periods?
Posting to special purpose ledger
Posting from CO to FI
Posting to special periods
Authorization control for posting periods
To use the SAP Financial Closing cockpit, which steps are required? Note:There are 3 correct answers to this question.
Create task groups
Create template
Define person responsible for tasks
Release task list
Define task dependencies
You want to edit a dunning proposal. Which actions can you perform?
Note: There are 3 correct answers to this question.
Change a document.
Block a line item.
Change the dunning data of an account.
Lower the dunning level of an item.
Block an account.
For which special G L indicator do you specify a target special GL indicator?
Customer down payment
Bill of exchange
Vendor down payment request
Guarantee given
What are some of the benefits of the data handling in SAP S/4HANA? Note: There are 2 correct answers to this question.
The data is summarized into higher levels of aggregates to help system performance
The data is analysed after it is extracted and loaded in the reporting system.
The data is available in real time at line item detail.
The data is aggregated on the fly from any line item table.
What dunning-related data do you maintain on the business partner master record? Note: There are 2 correct answers to this question
Dunning Area
Dunning interval
Dunning key
Dunning Block
You are asked to explain how assets under construction work in SAP S/4HANA . What should you highlight? Note: There are 2 correct answers to this question.
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 construct on with Investment Management
It is possible to post special tax depreciation and investment support for assets under construction.
It is possible to post credit memos, even after assets under construction are fully capitalized.
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
Company code
Supplier account
Payment method
Bank master data
. Which of the following statements best describe a noted item? Note:There are 2 correct answers to this question
It can be used to remind the user about due payments
It has an automatic statistical offsetting entry
It can be accessed by the payment program.
It updates the sub ledger and the general ledger
Which prerequisites must be fulfilled to allow for negative postings of journal entries? Note:There are 2 correct answers to this question.
The posting key must allow negative postings
The company code must allow negative postings
The reversal reason must be configured to allow negative postings
The reversal accounts must be configured to allow negative postings.
.What are the characteristics of a company in SAP S/4HANA? Note:There are 2 correct answers to this question.
It is responsible for costs and revenues within an organization
It is considered for consolidation
It can be assigned to a company code.
It represents separate areas of operation within an organization.
You are a group cash manager interested in the North American 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 group with all the apps required for your daily business for easy access
You can adapt the Launchpad colour theme according to predefined values for the cash report.
. You can manage user access to relevant apps for the North American accounts payable group that reports to you.
You can create an app to take you directly to the cash position of the North American business market.
. Which business partner characteristics mapped to the customer and supplier account groups?
Business partner type
Business partner category
Business partner role
Business partner grouping
In customizing, at which levels can you assign the print program to the correspondence type? Note: There are 2 correct answers to this question.
At client level
At company code level
At business partner level
At system level
. You want to define a validation for the combination of general ledger account and cost center. For which call-up point do you define this validation?
Complete document
Document line
Document header
Cost of sales accounting
Your SAP S 4HANA system is integrated with controlling. You perform cost-of-sales accounting, and you report your profit and loss per profit center.
When posting a supplier invoice to a primary cost account, which field is mandatory by standard procedures?
Segment
Functional Area
Cost center
Internal Order
You post a purchase order. For which expenses does the system calculate accruals? Note: There are 2 correct answers to this question.
Consulting services
Insurance premiums
Fixed Asset purchases
Raw material purchases
When can you set the open item management indicator in a general ledger account? Note:There are 2 correct answers to this question.
When an account is used as a reconciliation account
When an account is required for clearing
When an account has a zero balance
When an account is set up as a cost element
At what level is the bank master data stored in SAP S/4HANA?
At the client level
At the company code level
At the company level
At the credit control area level
Which parameters can you specify directly when you create a new correspondence type? Note:There are 3 correct answers to this question.
Account required
Document number required
Number of date fields required
Reason code required
Company code required
You are responsible for implementing Asset Accounting. You are provided with the legacy data of various assets and their Grouping information based on classifications, useful life , and depreciation terms.
What configuration step would you initiate to maintain these categories in SAP S/4HANA?
Define Copy the chart of depreciation and maintain depreciation area.
Define general ledger accounts per each category of legacy asset.
Define asset classes and maintain their attributes.
Configure depreciation keys and calculation keys.
Which of the following statements are valid for financial document number ranges? Note: There are 3 correct answers to this question.
Financial document number ranges defined at client level should not overlap
All financial document number ranges can contain numbers and/or letters.
Financial document number ranges must be defined for the year in which they are used.
The same financial document number range can be assigned to several document types.
Financial document number ranges are defined at company code level.
What is shared between all deployment options for SAP S/4HANA (Cloud, On-Premise)? Note:There are 3 correct answers to this question.
Data model
Upgrade intervals
User experience
Business scope
Code line
How does SAP S/4HANA support the treatment of taxes? Note:There are 3 correct answers to this question.
It checks the tax codes and automatically updates the tax rates based on changes by the tax authorities.
It checks the tax amount entered and automatically calculates the tax.
It posts the tax amount to tax accounts.
It performs tax adjustments for cash discounts and other forms of deductions.
It adjusts the tax codes and automatically updates the procedure.
You assign currency type 40 to your company code in ledger GL. Which source currency types can you select? Note:There are 2 correct answers to this question.
Group currency
Document currency
Company code currency
Controlling area currency
Which statements best describe extension ledgers in SAP S/4HANA? Note:There are 2 correct answers to this question.
Extension ledgers can be assigned their own fiscal year variant.
Extension ledgers can have different currencies than the underlying ledger
Multiple extension ledgers can point to the same underlying ledger.
Extension ledgers can be assigned their own posting period variant
You want to configure the default baseline date for the payment terms of an incoming invoice. From which date can you derive the baseline date?
Note: There are 3 correct answers to this question.
Value date
Entry Date
Posting date
Goods receipt date
Document date
What are key reasons for preferring a new implementation of SAP S/4HANA rather than a system conversion from SAP ERP? Note:There are 2 correct answers to this question.
You want to use document splitting for the General Ledger.
You want to deploy SAP S/4HANA Cloud.
You want to clean up your system and use SAP Best Practices.
You want to integrate the system to SAP Cloud Platform.
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 special GL indicator for the down payment.
The exclusion of disputed residual items from credit limit checks.
The document type of the payment.
The account where a residual item is posted-
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
Whether exchange rate differences are permitted
Which posting keys are allowed for postings
For which account can you perform account clearing in SAP S/4HANA?
For any GL account defined as reconciliation account.
For any account that is managed on an open item basis.
For any balance sheet account.
For any account that is managed on a line item basis.
What are the features of the Accrual Engine in SAP S/4HANA? Note: There are 2 correct answers to this question.
All currencies of the general ledger are supported.
Accrual postings with a maximum of two line items are supported.
All accrual calculations must be reviewed and approved before posting.
The fiscal year variant of the general ledger is supported.
In your system, you currently perform 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? Note:There are 2 correct answers to this question.
Paying company code.
Payment terms
Payment tolerances
Bank determination
In your SAP S/4HANA system, you report financial values for three separate accounting principles. You post an acquisition for an asset that is capitalized in a single accounting principle.
If you use the application to post integrated asset acquisitions, how many documents will the system post?
1
2
3
4
Which requirements do you need to fulfil to use data aging for Finance in the SAP S/4HANA system? Note: There are 2 correct answers to this question.
Archive transactional data no longer legally required.
Add required authorizations for data aging to your role.
Define the logical file path as a global path for data aging.
You must run the foreign currency valuation for both US GAAP and IFRS, which leads to different values for the two different accounting principles.
How can you set this up in the system?
Define two valuation areas and two accounting principles with relevant links to ledgers.
Define two valuation methods and assign the accounting principles to the new valuation methods.
Define a valuation area and extension ledger to link with the new valuation area.
Define a valuation area and ledger group for two ledgers to ink with the new valuation area.
You want to post journal entries in a special period. Which conditions must be met?
Note: There are 2 correct answers to this question.
You must enter a posting date in the last posting period.
The special period must be open for posting in the period control.
The balance carry-forward to the new fiscal year must have taken place.
The last posting period must be open for posting in the period control.
What is the difference between the ledger approach and the accounts approach to parallel valuation in Asset Accounting?
In the ledger approach, you assign a ledger group to every depreciation area, unike the accounts approach.
In the ledger approach, you maintain additional depreciation areas to post the delta valuation of each accounting principle, unike the accounts approach.
In the accounts approach, you assign a separate set of accounts for each accounting principle, unlike the ledger approach.
In the accounts approach, you define a technical clearing account for integrated asset acquisitions, unike the ledger approach
You are responsible for configuring document splitting. What are some of the key settings?
Note:There are 2 correct answers to this question.
Field status variant
Document number range
Business transact on variant
Document type
Which of the following is a technical year-end closing activity in SAP S/4HANA?
Balance sheet adjustments must be posted
Profit center carry-forward must be posted
Ledger balances must be carried forward.
foreign currency valuation must be posted.
What do you need to do to configure a new exchange rate type in SAP S/4HANA? Note:There are 2 correct answers to this question.
Specify the company code currency as the base currency.
Set up the relationship between currencies using translation ratios.
Maintain exchange rates daily.
Specify a purpose for the exchange rate type.
Which documents are needed to complete the 3-way match in procurement transactions? Note:There are 3 correct answers to this question
Purchase requisition
Purchase order
Invoice receipt
Material document
Goods receipt
You are running an international business and you want to set up separate legal entities to run operations and perform accounting activities.
Which organizational unit do you need to create for each legal entity?
Consolidation group
Company code
Company
Segment
Which of the following steps do you typically perform for a payment run with the automatic payment program? Note: There are 2 correct answers to this question.
Rank bank accounts for payment.
Define maximum amounts to be paid per supplier.
Review the payment proposal exception list.
Maintain open item select on parameters
Which parameter indicates that a line item can only be dunned with restrictions?
Dunning area
Dunning group
Dunning key
Dunning block reason
How can you perform transfers of assets between company codes with different charts of depreciation?
Enter depreciation area mapping during intercompany transfer posting
Configure the cross-company depreciation areas in Customizing
Assign the group chart of depreciation to the relevant fixed assets
Correct the depreciation area assignment in the asset master record after posting.
Which of the following should you consider when defining asset number ranges? Note: There are 2 correct answers to this question.
Each asset number range must be assigned to a unique asset class
Each asset class have either an internal or external number range.
Asset number ranges are defined at chart of depreciation level.
Asset number ranges are defined for asset classes and are company code specific.
Which date is used to determine the depreciation start date?
Posting date
Document date
System date
Value date
Which fields of a financial accounting document influence the automatic payment program? Note: There are 3 correct answers to this question
Payment method
Payment block
Payment type
Invoice reference
Terms of payment
How does the system determine the correspondence type of a payment notice?
According to the reason code, as long as all the tolerance groups carry the same correspondence type
. According to the reason code, as long as all the reason codes carry the same correspondence type
According to the tolerance group, as long as all the reason codes carry the same correspondence type
According to the tolerance group, as long as all the tolerance groups carry the same correspondence type
Which closing activities are performed for external reporting as per SAP best practices? Note: There are 2 correct answers to this question.
Update product cost estimates with standard prices
Perform valuations of open items in foreign currency
Regroup Receivables and payables on the balance sheet
Run plan assessment cycles for profit centers
After you collect data in the internal company Reconciliation tool, what are the next steps of the reconciliation process?
Store the data
• Present reconciled and non-reconciled data.
• Communicate differences
• Post the correction documents
• Post the correct on documents.
• Store the data.
• Present reconciled and non-reconciled data.
• Communicate differences.
• Present reconciled and non-reconciled data.
• Post the correct on documents.
• Store the data.
• Communicate differences.
d
• Store the data.
• Present reconciled and non-reconciled data.
• Post the correct on documents.
• Communicate differences.
Which statements best describe a profit center? Note:There are 2 correct answers to this question.
It is the only object from which segments can be uniformly derived
It must be used simultaneously with segments to create separate balance sheet and P&L statements.
It is an element for which separate balance sheet and P&L statements can be created
It is the only object that can be uniformly derived using segments.
What do you define when configuring asset classes? Note:There are 3 correct answers to this question.
Account determination
Number ranges
Financial statement version
Screen layout rules
Posting keys
On which levels can you maintain field status controls for business partners (BP)? Note:There are 2 correct answers to this question.
Company code
BP category
BP type
BP role
You are configuring asset-related postings of depreciation areas in Asset Accounting.
Which of the following settings is NOT permitted?
Area posts in real time
Area does not post
Area Posts Revaluation only
Area posts depreciation only
What does the document splitting functionality do?
It enriches all secondary cost element account lines with the defined splitting characteristics
It enriches all revenue account lines with the defined splitting characteristics.
It enriches all relevant balance sheet account lines with the defined splitting characteristics.
It enriches all profit and loss account lines with the defined splitting characteristics.
Which steps are required to create a substitution in Financial Accounting? Note: There are 3 correct answers to this question.
Define the substitution rule with its different steps using the formula editor.
Choose the area of application GL.
Select the correct call-up point
Assign the substitution rule to the controlling area
Activate the substitution rule
Which elements define the integration of asset acquisitions with the general ledger? Note: There are 2 correct answers to this question
Asset Class
Valuation area
Depreciation area
Depreciation keys
How does the system perform normal journal entry reversals?
It creates a transfer posting by resetting the transaction figures.
It creates an inverse posting by increasing the transaction figures.
It creates an inverse posting by resetting the transaction figures.
It creates the inverse posting of a cleared document before resetting it
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.
Number range and document types must be maintained
The posting period variant must be created and assigned
Tax types and tax codes must be maintained.
Line item text templates must be maintained.
What items are NOT cleared by the automatic clearing program? Note:There are 3 correct answers to this question
Items with withholding tax
Items with sales and use tax
Statistical postings
Noted items
Items with value-added tax
What is the purpose of the chart of depreciation?
The chart of depreciation substitutes the operational chart of accounts in asset-related postings.
The chart of depreciation manages country-specific legal valuation of fixed assets.
The chart of depreciation is a reporting tool that structures your assets for hierarchical reporting.
The chart of depreciation defines the asset classes for which you can create fixed assets.
Which of the following statements best describe how customer down payments are integrated with Sales & Distribution (SD)?
A down payment request is created as an Fl noted item, which automatically generates an SD billing document.
A down payment request is created as an SD sales order, which is automatically posted in Fl as a noted item
A down payment request is created as an SD billing document, which is automatically posted in Fl as a noted item.
A down payment request is created as an Fl noted item, which automatically generates an SD sales order.
How do you configure depreciation areas in SAP S/4HANA? Note: There are 2 correct answers to this question.
Ensure depreciation areas always post to the general ledger.
Assign a ledger group to each depreciation area.
Assign depreciation area 01 to the leading ledger.
Ensure each accounting principle is assigned to a depreciation area .
Which of the following are valid settlement receivers when you perform settlement for an asset under construction on a line item basis? Note:There are 2 correct answers to this question.
Profit center
Fixed asset
Functional area
Cost center
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 copied over when you create a new asset via copy?
Remove the sub number indicator
Remove the main asset indicator
Remove the asset class indicator
Remove the reference indicator
What are some features of SAP HA NA? Note:There are 2 correct answers to this question.
SAP HANA is optimized to organize data using column stores
Index SAP HANA allows transactional and analytical processing from the same tables.
SAP HANA is optimized to work with aggregates and index tables.
SAP HANA is built on a hierarchical data model architecture
You want to configure the tax calculation procedures. What are the main elements you need to define? Note: There are 3 correct answers to this question
Account key
Condition type
Tax code
Country key
Sequence of steps
You need to define a new document type with a specific document number range to post customer invoices via interface from a non-SAP system. How would you define the document number range?
You must use continuous number assignment.
You can use internal, external, or continuous number assignment.
You must use external number assignment.
You must use internal number assignment
You forgot 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 notes in the financial statement item section and is excluded from 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 non- assigned section and is included in the calculation.
The balance of the new account is added to the non- assigned section and is excluded from the calculation.
A general ledger account has a foreign currency setting of CAD. The company code currency is USD. The controlling area currency is EUR.
Which currencies can you post to in this account?
You can only post to the account in CAD.
You can only post to the account in USD.
You can only post to the account in CAD,USD, and EUR.
You can only post to the account in CAD and USD
You define custom currency type Z1 for your company code. Which currency types must be stored in the Data Entry view? Note:There are 2 correct answers to this question.
Object currency
Company code currency
Document Currency
Custom currency type Z1
What is the recommended organizational unit for cost of sales accounting?
Sales area
Business area
Controlling area
Functional area
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
BAdl implementation (FAGL_DERIVE_SEGMENT)
Configuration of the derivation logic with derivation sequence and steps
Definition of validation rules
What are the maintenance levels of a screen layout rule for asset master data? Note:There are 3 correct answers to this question.
Main asset number
Asset class
Asset sub number
Depreciation area
Group asset
Which field can you change on a posted invoice?
. Payment terms
Tax code
Cost center
Special GL indicator
How do you identify an asset as an asset under construction?
The asset capitalization date is empty.
The asset belongs to a specific asset class.
The ordinary depreciation start date is empty.
The asset is assigned to NO depreciation area.
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 GL indicator
Adjustment account for foreign currency
Statistical FOREX noted item account
Supplier reconciliation GL account
