SAP S/4 Hana Fi

63 Questions | Total Attempts: 573

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SAP S/4 Hana Fi


Questions and Answers
  • 1. 
    You want to post journal entries in a special period. Which conditions must be met? There are 2 correct answers to this question
    • A. 

      You must have specific authorization to post in special periods.

    • B. 

       The special period must be open for posting in the period control.

    • C. 

      The balance carry-forward to the new fiscal year must have taken place.

    • D. 

      You must enter a posting date in the last posting period.

  • 2. 
    What are the features of the Accrual Engine in SAP S/4 HANA?
    • A. 

      The FI reversal is NOT supported.

    • B. 

      Complex postings with more than two line items are NOT possible.

    • C. 

      All currencies of general ledger are supported.

    • D. 

      The fiscal year variant of the general ledger is supported.

  • 3. 
    Which of the following statements best describe a noted item? There are 2 correct answers to this question. 
    • A. 

      It can be accessed by the payment program. 

    • B. 

      It updates the Sub ledger and the general ledger.

    • C. 

      It can be used to remind the user about due payments. 

    • D. 

      It has an automatic statistical offsetting entry. 

  • 4. 
    Your customer wants to use data aging for the universal journal. WhichWhich criteria can you use to decide which data is moved to the historical partition? Note: There are 2 correct answers to this question. 
    • A. 

      Account type

    • B. 

      Company Code

    • C. 

      Document type

    • D. 

      Ledger

  • 5. 
    What items are NOT cleared by the automatic clearing program? There are 3 correct answers to this question
    • A. 

      Items with withholding tax 

    • B. 

      Items with value added tax 

    • C. 

      Statistical postings

    • D. 

      Items with sales and use tax 

    • E. 

      Noted items.

  • 6. 
    Which attributes should you consider when defining asset number ranges? There are 2 correct answers to this question
    • A. 

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

    • B. 

      Asset number ranges are defined at chart of depreciation level.

    • C. 

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

    • D. 

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

  • 7. 
    You are a group cash manager interested in the North American business market. What are the personalization options available to you in SAP Fiori? There are 2 correct answers to this question.
    • A. 

      You can create an app to take you directly to the cash position of the North American business market.

    • B. 

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

    • C. 

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

    • D. 

      You can create access to relevant apps for the North American accounts payable group that reports to you.

  • 8. 
    Identify the steps performed during the general ledger closing operations for the fiscal year. There are 3 correct answers to this question.
    • A. 

      Vendor invoices are posted.

    • B. 

      Accruals are carried out.

    • C. 

      The balance carry forward program is run.

    • D. 

      Foreign currency documents are valuated.

  • 9. 
    Identify the criteria that usually differentiate between document change rules. There are 2 correct answers to this question.
    • A. 

      Account type

    • B. 

      Asset class

    • C. 

      Company code

    • D. 

      Open items

  • 10. 
    You want to configure the tax calculation procedures. What are the main elements you need to define? There are 3 correct answers to this question 
    • A. 

      Country key

    • B. 

      Condition type

    • C. 

      Account or transaction key

    • D. 

      Tax code

    • E. 

      Sequence of steps

  • 11. 
    Which of the following methods does the depreciation key define? There are 3 correct answers to this question.
    • A. 

      Base method

    • B. 

      Multilevel method

    • C. 

      Period control method

    • D. 

       Asset sheet valuation method

  • 12. 
    Which of the following parameters can be changed on a time-dependent basis? There are 3 correct answers to this question.
    • A. 

      Depreciation key

    • B. 

      Useful life (year or period)

    • C. 

      Variable depreciation portion

    • D. 

      Depreciation start date

  • 13. 
    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?
    • A. 

      4

    • B. 

      3

    • C. 

      2

    • D. 

      1

  • 14. 
    Identify some of the fields related to the depreciation area in the asset master record. There are 3 correct answers to this question.
    • A. 

      Asset description

    • B. 

      Depreciation key

    • C. 

      Useful life

    • D. 

      Scrap value

  • 15. 
    What do you need to do to configure a new exchange rate type in SAP S/4HANA? There are 2 correct answers to this question.
    • A. 

      Specify the direct or indirect quotation. 

    • B. 

      Set up the relationship between currencies using translation ratios.

    • C. 

       Specify a purpose for the exchange rate type.

    • D. 

      Maintain exchange rates daily

  • 16. 
    Which closing activities are used in external reporting as per SAP best practices? There are 2 correct answers to this question.
    • A. 

      Reclassify receivables and payable's.

    • B. 

      Update product cost estimates.

    • C. 

      Execute the plan cost center assessment cycle. 

    • D. 

      Perform valuations of open items in foreign currency.

  • 17. 
    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? Please choose the correct answer.
    • A. 

      Complete document

    • B. 

      Document header

    • C. 

      Document line

    • D. 

      Cost of sales accounting

  • 18. 
    You are configuring accrual types for the accrual engine. For which postings is account determination required? There are 2 correct answers to this question. 
    • A. 

      Closing Posting only

    • B. 

      Opening posting only

    • C. 

      Periodic only

    • D. 

      Opening and Closing Posting only.

  • 19. 
    You need to make the line item text field mandatory during document entry. Which objects should you analyze to fulfill this request?  Note: There are 2 correct answers to this question.
    • A. 

      Account group

    • B. 

      Document type

    • C. 

      G/L account

    • D. 

      Posting key

  • 20. 
    Identify the fields that cannot be changed while changing parked documents. There are 3 correct answers to this question.
    • A. 

      Account assignment objects

    • B. 

      Document type or document number

    • C. 

      Currency

    • D. 

      Company code

  • 21. 
    Which of the following are valid settlement receivers when you perform settlement for an asset under construction on a line item basis? There are 2 correct answers to this question.
    • A. 

      Profit center

    • B. 

      Cost center

    • C. 

      Fixed asset

    • D. 

      Functional area

  • 22. 
    It is common for companies to receive invoices for the previous fiscal year at the beginning of the new fiscal year. Which dates must have the same fiscal year in the document entry?
    • A. 

      Posting date and entry date

    • B. 

      Document date and posting date

    • C. 

      Document date and asset value date

    • D. 

      Posting date and asset value date

  • 23. 
    Which of the following options are included in the Asset Explorer? 3 answers
    • A. 

      Drill down to Financial Accounting (FI) document. 

    • B. 

      Post documents.

    • C. 

      Display depreciation calculation.

    • D. 

      Drill down to reports.

  • 24. 
    Which of the following statements apply to the special general ledger types of noted items? There are 3 correct answers to this question.
    • A. 

       No postings are made on an offsetting account

    • B. 

      No zero-balance check is made in the system.

    • C. 

      Noted items are posted to an alternative reconciliation account.

    • D. 

      No special general ledger indicators of your own can be created of this type. 

    • E. 

      The account for the offsetting entry is selected automatically.

  • 25. 
    Which parameters can you specify when you create a new correspondence type? There are 3 correct answers to this question.
    • A. 

      Company code required

    • B. 

      Document number required

    • C. 

      Account required

    • D. 

      Number of date fields required

    • E. 

      Reason code required

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