Learn set 1

Question 1

How many separate period intervals are there to control open posting periods?
Please choose the correct answer.
Response:

4
1
2
3

Answer 1

3

Question 2

What is the recommended organizational unit for cost-of-sales accounting?
Please choose the correct answer.
Response:

Functional area
Sales area
Controlling area
Business area

Answer 2

Functional area

Question 3

Which parameter indicates that a line item can only be dunned with restrictions?
Please choose the correct answer.
Response:

Dunning grouping
Dunning block reason
Dunning key
Dunning area

Answer 3

Dunning key

Question 4

Your customer uses the ledger approach to multiple valuation. During conversion to SAP S/4HANA, which configurations will be required?
There are 2 correct answers to this question.
Response:,

Define the document type for the accounting-principle-specific-documents.
Contigure delta depreciation areas to no longer post to the general ledger.
Convert accounts of parallel valuations to asset reconciliation accounts.
Assign accounting principles to all real and derived depreciation areas

Answer 4

Convert accounts of parallel valuations to asset reconciliation accounts.

Assign accounting principles to all real and derived depreciation areas.

Question 5

In which items of a financial statement version can you find values related to accounts for sales deductions and material expenses?
Please choose the correct answer.
Response:

Sales deductions in loss item
Material expenses in loss item
x
Sales deductions in assets item
Material expenses in loss item
x
Sales deductions in liabilities item
material expenses in loss item
x
Sales deductions in loss item
Material expenses in liabilities item

Answer 5

Sales deductions in loss item
Material expenses in liabilities item

Question 6

What do you configure to allow cross-company-code transactions?
There are 2 correct answers to this question.
Response:

Clearing accounts
Special G/L indicator
Account types
Posting keys

Answer 6

Clearing accounts

Posting keys

Question 7

Which of the following is the first step in the variant principle?
Please choose the correct answer.
Response:

Create multiple variants
Assign the variant to the objects
Define variant
Determine values for the variant

Answer 7

Define variant

Question 8

On what level can you assign a fiscal year variant to a company code?
Please choose the correct answer.
Response:

Ledger
Valuation area
Accounting principle
Depreciation area

Answer 8

Ledger

Question 9

Which deployment option do you recommend to customers who want to always be on the latest release of SAP S/4HANA?
Please choose the correct answer.
Response:

SAP S/4HANA on-premise
SAP S/4HANA Finance
SAP S/4HANA with Central Finance
SAP S/4HANA Cloud

Answer 9

SAP S/4HANA Cloud

Question 10

You indicate that you’re posting to the ledger group of an extension ledger. How many ledgers are updated?
Please choose the correct answer.
Response:

It depends on the ledgers grouped in the ledger group
The leading ledger and the extension ledger
Only the extension ledger
The extension ledger and the underlying ledger

Answer 10

Only the extension ledger

Question 11

A customer wants to analyze a G/L account, which is presenting asset
acquisition value, on an investment order. What do you maintain in the G/Lnaccount master record to achieve this?
There are 2 correct answers to this question.
Response:

Set the G/L account type to Non-operating Expenses or income
Select the Record Account Assignment indicator.
Define the G/L account as an asset reconciliation account
Enter value 90 in the cost element category field.

Answer 11

Select the Record Account Assignment indicator.
Define the G/L account as an asset reconciliation account

Question 12

Which business partner characteristic is mapped to the customer and supplier account groups?
Please choose the correct answer.
Response:

Business partner type
Business partner role
Business partner grouping
Business partner category

Answer 12

Business partner grouping

Question 13

Which of the following are the month-end closing activities for external purposes?
There are 3 correct answers to this question.
Response:

Close the old period
Post goods issues for deliveries to customers
Create external and internal reports
Perform foreign currency valuations

Answer 13

Close the old period

Create external and internal reports

Perform foreign currency valuations

Question 14

In which of the following segments of a customer or vendor master record can you enter the terms of payment?
There are 3 correct answers to this question.

Response:
Sales area segment
Client level segment
Company code segment
Purchasing organization segment

Answer 14

Sales area segment

Company code segment

Purchasing organization segment

Question 15

To which object do you assign valuation methods?
Please choose the correct answer.
Response:

Valuation area
Valuation procedure
Accounting principle
Account assignment

Answer 15

Valuation area

Question 16

What do you define in payment terms?
There are 2 correct answers to this question.
Response:

Posting key
Due date specification
Tolerance days
Cash discount

Answer 16

Due date specification

Cash discount

Question 17

You are responsible for implementing Asset Accounting. You are provided with the legacy data of various assets and their grouping information based on category, life, and depreciation terms.
What configuration step would you initiate to maintain these categories in SAP
S/4HANA?
Please choose the correct answer.
Response:

Copy the chart of depreciation and maintain depreciation areas.
Configure depreciation keys and calculation keys.
Define general ledger accounts per each category of legacy asset.
Define asset classes and maintain their attributes.

Answer 17

Copy the chart of depreciation and maintain depreciation areas.

Question 18

On what basis does the system determine the period for the asset retirement? Please choose the correct answer.
Response:

Asset value date (asset retirement date)
Net book value

Answer 18

Asset value date (asset retirement date)

Question 19

Which of the following assignments can be adjusted for the company code? There are 3 correct answers to this question.
Response:

Leading ledger
Chart of accounts
Segment
Fiscal year variant
Company

Answer 19

Chart of accounts

Fiscal year variant

Company

Question 20

In your SAP S/4HANA system, you want to archive the G/L accounts that are not used by the business in any company code. What are prerequisites to archiving all data of a G/L account?
There are 3 correct answers to this question.
Response:

Set the deletion flag in the chart of accounts data of the G/L account.
There are no transaction figures for the account.
The account is not used in any automatic account determination.
Transaction figures are older than a customizable amount of years.
Set the deletion flag in the company code data of the G/L account.

Answer 20

Set the deletion flag in the chart of accounts data of the G/L account.

There are no transaction figures for the account.

Set the deletion flag in the company code data of the G/L account.

Question 21

For which of the following transactions can you use noted items?
Please choose the correct answer.
Response:

Vendor payment
Customer payment
Down payment request
Late payment

Answer 21

Down payment request

Question 22

You need to post customer invoices through an interface with a non-SAP system. You want to define a new document type with a specific document number range that matches the document numbers of the source system.
How do you define the document number range?
Please choose the correct answer.
Response:

You must use internal number assignment.
You must use external number assignment.
You can use internal or external number assignment, but only if it is continuous.
You can use internal or external number assignment.

Answer 22

You must use external number assignment.

Question 23

What fields do you have to enter to make a document reversal?
There are 2 correct answers to this question.
Response:

Document Date
Reversal Reason
Document Type
Posting Date

Answer 23

Reversal Reason

Posting Date

Question 24

Which statements best describe a chart of depreciation?
There are 2 correct answers to this question.
Response:

A chart of depreciation is mandated by a country’s statutory requirement and should be adopted as is.
A chart of depreciation is a country-specific object that is delivered with SAP S/4HANA.
A chart of depreciation is company-code-specific; therefore, two company codes CANNOT use the same chart of depreciation.
A chart of depreciation contains multiple depreciation areas with a provision for addition and deletion of depreciation areas.

Answer 24

A chart of depreciation is a country-specific object that is delivered with SAP S/4HANA.

A chart of depreciation contains multiple depreciation areas with a provision for addition and deletion of depreciation areas.

Question 25

What is the order of configuration within the SAP Financial Closing cockpit? Please choose the correct answer. Response: Create task list, release task list, define dependencies, create template, create tasks Create template, create tasks, define dependencies, create task list, release task list Create template, create task list, create tasks, define dependencies, release task list Define dependencies, create template, create tasks, create task list, release task list

Answer 25

Create template, create tasks, define dependencies, create task list, release task list

Question 26

What are some of the benefits of SAP S/4HANA? There are 2 correct answers to this question Response: The data is aggregated on the fly from any line item table. The data is summarized into higher levels of aggregates to help system performance. The data is analyzed after it is extracted and loaded in the reporting system. The data is available in real time at line item detail.

Answer 26

The data is aggregated on the fly from any line item table. The data is available in real time at line item detail.

Question 27

When adding a bank to the bank directory, which field is required? Please choose the correct answer. Response: Currency Company code Opening date Country

Answer 27

Country

Question 28

What are the three basic steps required to define a new company code? There are 3 correct answers to this question. Response: Adjust global parameters Adjust basic and address data Copy existing controlling area Define new segments Copy existing company code

Answer 28

Adjust global parameters Adjust basic and address data Copy existing company code

Question 29

Where do you indicate that the useful life of the asset sub-number is identical to the useful life of the main asset? Please choose the correct answer. Response: In the account determination of the asset class In the screen layout of the asset master record In the screen layout of the depredation area In the asset master record of the main asset

Answer 29

In the screen layout of the depredation area

Question 30

You need to enter a percentage rate in the terms of payment to calculate x Please choose the correct answer. Response: Invoice discount Credit amount Cash discount Debit amount

Answer 30

Cash discount

Question 31

Which General Ledger account type do you select to perform activity cost allocations? Please choose the correct answer. Response: Primary costs or revenue Non-operating expense or income Secondary costs Balance sheet

Answer 31

Secondary costs

Question 32

Which of the following statements are correct? There are 2 correct answers to this question. Response: It is possible to design multilevel workflow sequences. A company code can be assigned several workflow variants. A task can be assigned only one possible processor. The same workflow variant can be assigned to several company codes.

Answer 32

It is possible to design multilevel workflow sequences. The same workflow variant can be assigned to several company codes.

Question 33

Which fields of a financial accounting document influence the automatic payment program? There are 3 correct answers to this question. Response: Payment block Payment advice Payment type Payment method Payment term

Answer 33

Payment block Payment method Payment term

Question 34

After you collect data in the Intercompany Reconciliation tool, what are the next steps of the reconciliation process? Please choose the correct answer. Response: 1. Store the data 2. Present reconciled and non-reconciled data 3. Communicate differences. 4. Post the correction documents. x 1. Post the correction documents. 2. Store the data. 3. Present reconciled and non-reconciled data. 4. Communicate differences. x 1. Present reconciled and non-reconciled data 2. Post the correction documents. 3. Store the data. 4. Communicate differences. x 1. Store the data. 2. Present reconciled and non-reconciled data. 3. Post the correction documents. 4. Communicate differences.

Answer 34

1. Store the data 2. Present reconciled and non-reconciled data 3. Communicate differences. 4. Post the correction documents.

Question 35

Which of the following are the steps of Intercompany reconciliation? There are 3 correct answers to this question. Response: Manual reconciliation and communication Document selection and data storage Automatic assignment of documents Automatic presentation of reconciled and non-reconciled data

Answer 35

Document selection and data storage Automatic assignment of documents

Question 36

In which object do you define which SAP Fiori apps a user can use? Please choose the correct answer. Response: Fiori default values Fiori tile group Fiori app library Fiori tile catalog

Answer 36

Fiori tile catalog

Question 37

You receive a payment for an invoice that is smaller than the owed amount. How can you manage payment differences in the Post Incoming Payments app? There are 2 correct answers to this question. Response: Residual item Partial payment Reject payment Change due date

Answer 37

Residual item Partial payment

Question 38

Which prerequisites must be fulfilled to allow for negative postings of journal entries? There are 2 correct answers to this question Response: The reversal reason must be configured to allow negative postings. The posting key must allow negative postings. The company code must allow negative postings. The reversal accounts must be configured to allow negative postings.

Answer 38

The reversal reason must be configured to allow negative postings. The company code must allow negative postings.

Question 39

Which of the following statements best describe how core data services (CDS) are developed? Please choose the correct answer. Response: They are developed in the SAP HANA database layer by the Analytics key user. They are developed in the ABAP layer of the SAP S/4HANA system by the Analytics end user. They are developed in the SAP HANA database layer by the IT user. They are developed in the ABAP layer of the SAP S/4HANA system by the IT user.

Answer 39

They are developed in the ABAP layer of the SAP S/4HANA system by the IT user.

Question 40

How can you differentiate the document parking workflow process on the business partner level? Please choose the correct answer. Response: Assign different responsible organization unit Assign different payment method Assign different workflow release group Assign different business partner groupings

Answer 40

Assign different workflow release group

Question 41

How can you set up multiple valuations for transfer pricing in your SAP S/4HANA system? There are 2 correct answers to this question. Response: You can assign each valuation to a separate ledger. You can assign profit center, group, and legal valuations to the same ledger. You can assign more than 3 valuations to different ledgers, if you have enough ledgers defined. You can assign more than 3 valuations to the same ledger.

Answer 41

You can assign each valuation to a separate ledger. You can assign profit center, group, and legal valuations to the same ledger.

Question 42

For which account can you perform account clearing in SAP S4HANA? Please choose the correct answer. Response: For any balance Sheet account managed on a line item basis For any account that can be posted in foreign currency For any G/L account defined as a reconciliation account For any account that is managed on an open item basis

Answer 42

For any balance Sheet account managed on a line item basis

Question 43

What are the benefits of public cloud deployments of SAP S/4HANA? There are 2 correct answers to this question. Response: IT cost savings One-time license investment Always up to date Increased customizing flexibility

Answer 43

IT cost savings Always up to date

Question 44

Which of the following are default items assigned to every financial statement version? There are 3 correct answers to this question. Response: Noted items Liabilities and equity Assets Profit and loss results Liquid funds

Answer 44

Liabilities and equity Assets Profit and loss results

Question 45

Your customer wants the document numbers for two separate document types to share the same number range. How can you achieve this? Please choose the correct answer. Response: Enter the same document number range in the customizing definition of both document types. Create two external number ranges with the same range and assign one to each of the relevant document types. Create two internal number ranges with the same range and assign one each to the relevant document types. Create a substitution rule that updates the document number based on the range you assign in the rule definition.

Answer 45

Enter the same document number range in the customizing definition of both document types.

Question 46

Which configuration can you use to define separate payment terms for the same terms of payment key? Please choose the correct answer. Response: Company code Country Day limit Installment payment

Answer 46

Day limit

Question 47

What is a reason for performing data archiving? Please choose the correct answer. Response: To back up data on a separate drive To protect data from being lost To control hardware requirements To have fewer downtime cycles

Answer 47

To control hardware requirements

Question 48

When procurement transactions are posted, which of the following steps is exclusively carried out in Materials Management? Please choose the correct answer. Response: Invoice receipt Goods receipt Creation of purchase order

Answer 48

Creation of purchase order

Question 49

How does an automatic intercompany asset transfer work? Please choose the correct answer. Response: It determines the relationship type automatically, using the company code. It determines the relations! type automatically, using the company ID. It does NOT allow a transfer to happen within a single legal entity. It assumes that the transfer happens between two independent legal entities.

Answer 49

It assumes that the transfer happens between two independent legal entities.

Question 50

You are starting the fiscal year-end process in Asset Accounting in SAP S/4HANA. What are the year-end closing program checks for Asset Accounting? There are 2 correct answers to this question. Response: General ledger and subledgers are closed. Assets are complete and error free. Fixed asset fiscal year change is complete. Depreciation is posted in full.

Answer 50

Assets are complete and error free. Depreciation is posted in full.

Question 51

What checks does the year-end closing program (RAJABSOO) perform? There are 2 correct answers to this question. Response: Depreciation lists and the asset history sheet have been checked. Depreciation and asset balances are posted in full. Assets are complete and error-free. Last fiscal year has been updated.

Answer 51

Depreciation lists and the asset history sheet have been checked. Depreciation and asset balances are posted in full.

Question 52

Which values can you define as prerequisites for triggering the general journal entry verification workflow? There are 3 correct answers to this question. Response: Profit center Cost center Account group Source company code Target company code

Answer 52

Cost center Account group Source company code

Question 53

What kind of customization can users do on their launchpad? There are 2 correct answers to this question. Response: Create their own tile groups. Change the name of tile groups Change the icons on tiles. Change the names of tiles.

Answer 53

Create their own tile groups. Change the name of tile groups

Question 54

How many intervals are defined for the foreign currency valuation run ID per client? Please choose the correct answer. Response: 1 3 2 0

Answer 54

1

Question 55

How can you define a matching method for intercompany reconciliation? Please choose the correct answer. Response: It must be defined as a configuration It must be defined as master data It can be automatically determined by a user exit It can be either defined as master data or as configuration

Answer 55

It can be either defined as master data or as configuration

Question 56

What must you do to create new validations and substitutions? There are 2 correct answers to this question. Response: Select the relevant call-up point Choose the chart of accounts Define the area of application Deactivate all former validations and substitutions

Answer 56

Select the relevant call-up point What must you do to create new validations and substitutions?

Question 57

You post a purchase order. For which expenses does the system calculate accruals? There are 2 correct answers to this question. Response: Consulting services Fixed asset purchases Raw material purchases Insurance premiums

Answer 57

Consulting services Insurance premiums

Question 58

Which of the following lists support the dunning clerk’s work? There are 3 correct answers to this question. Response: The list of vendor balances in local currency The blocked accounts list The dunning list The dunning history list

Answer 58

The blocked accounts list The dunning list The dunning history list

Question 59

When is it possible to set the open item management indicator in a general ledger account? There are 2 correct answers to this question. Response: When an account has a zero balance When an account is set up as a balance sheet account When an account is set up as a secondary cost element When an account is set up as a reconciliation account

Answer 59

When an account has a zero balance When an account is set up as a balance sheet account

Question 60

What is the name of the leading ledger that SAP provides with the standard system? Please choose the correct answer. Response: OL 3L 2L 1L

Answer 60

OL

Question 61

What are the characteristics of a company in SAP S/4HANA? There are 2 correct answers to this question. Response: It is responsible for costs and revenues within an organization. It is considered for consolidation. It represents separate areas of operation within an organization. It can be assigned to a company code.

Answer 61

It is considered for consolidation. It can be assigned to a company code.

Question 62

Which business partner objects can you define field statuses for? There are 2 correct answers to this question. Response: Type Role Account group Client

Answer 62

Type Role

Question 63

What happens to the transaction figures when you post a normal reversal posting? Please choose the correct answer. Response: They are deleted They are cleared. They are increased. They are reset.

Answer 63

They are increased.

Question 64

What information is provided when you execute the balance audit trail? Please choose the correct answer. Response: A comparison of general ledger account balances across ledgers The open account balances for customer accounts and supplier accounts A list of changes of maintained sensitive fields in general ledger accounts The starting balance and the yearly changes to the balance of a general ledger account

Answer 64

The starting balance and the yearly changes to the balance of a general ledger account

Question 65

What do you define in Customizing for the payment program? There are 3 correct answers to this question. Response: Payment run ID Exchange rate type Allowed currencies Bank determination Forms for the payment media

Answer 65

Allowed currencies Bank determination Forms for the payment media

Question 66

True or False: Anyone with an appropriate user name and password can log on to the SAP Fiori launchpad through a web browser. Please choose the correct answer. Response: False True

Answer 66

True

Question 67

How many posting period intervals in SAP S/4HANA are used for postings of Financial Accounting (FI) and Controlling (CO)? Please choose the correct answer. Response: 2 12 16 3

Answer 67

3

Question 68

What types of data are maintained for a house bank? There are 2 correct answers to this question. Response: Overdraft limit Data medium exchange (DME) details payment signatories General Ledger account

Answer 68

Data medium exchange (DME) details General Ledger account

Question 69

You configured Asset Accounting for your company code with three depreciation areas that post in real time and corresponding depreciation areas to track group currency values. When you post an external acquisition, how many documents are created? Please choose the correct answer. Response: 6 1 4 3

Answer 69

4

Question 70

Which of the following steps do you typically perform when executing the payment run with the automatic payment program? There are 2 correct answers to this question. Response: Review the payment proposal exception list. Maintain open item selection parameters. Rank bank accounts for payment. Define maximum amounts to be paid per supplier.

Answer 70

Review the payment proposal exception list. Maintain open item selection parameters.

Question 71

Which elements define the integration of asset acquisitions to the general ledger? There are 2 correct answers to this question. Response: Valuation area Asset class Depreciation keys Depreciation area

Answer 71

Asset class Depreciation area

Question 72

What do you define when configuring asset classes? There are 3 correct answers to this question. Response: Financial statement version Account determination Posting keys Screen layout rules Number ranges

Answer 72

Account determination Screen layout rules Number ranges

Question 73

Where is the **billing** **document** created? Please choose the correct answer. Response: Financial Accounting Accounting Materials Management Sales and Distribution

Answer 73

**Sales and Distribution**

Question 74

Which of the following **procedures** are available to **check** the **balance** of receivables and payables in balance confirmations? There are 3 correct answers to this question. Response: Balance request Balance adjustment Balance confirmation Balance notification

Answer 74

Balance **request** Balance **confirmation** Balance **notification**

Question 75

When making a **partial** **sale**, how can you choose to **calculate** the **amount** of **value reduction** for the asset? There are 3 correct answers to this question. Response: By percentage By posted depreciation By quantity By profit (or loss) By retirement amount

Answer 75

**By percentage** **By quantity** **By retirement amount**

Question 76

On which **levels** can you **maintain field status controls** for business partners (BP)? There are 3 correct answers to this question. Response: Company code BP category BP role BP type Client

Answer 76

**BP role** **BP type** **Client**

Question 77

For which **activities** can you use an **extension** **ledger**? There are 2 correct answers to this question. Response: Adjustments for consolidation purposes Parallel valuation of depreciation areas Simulation of foreign currency valuation Configuration of custom fields for financial statements

Answer 77

**Adjustments** for consolidation purposes **Simulation** of foreign currency valuation

Question 78

Which of the options are **types** of **user** **fields**? There are 2 correct answers to this question. Response: Serial Number Asset Super Number Group Asset Evaluation Group

Answer 78

**Asset Super Number** **Evaluation Group**

Question 79

How can you **select** to **post accrual amounts** when customizing the accrual **engine**? There are 2 correct answers to this question. Response: Post foreign currencies Post closed periods Post delta amounts Post full amounts

Answer 79

Post **delta** amounts Post **full** amounts

Question 80

On what **level** do you assign **dunning areas**? Please choose the correct answer. Response: Client Company code Functional area Segment

Answer 80

**Company code**