Questions I get wrong and their correct answers
Question:
1. What can you achieve with the legacy data transfer in Asset Accounting via transaction
AS91?
Please choose the correct answer.
Posting the summary write off in G/L
Creation of master data
Setting the company code status for legacy data transfer
Posting of take over values
Your company follows IFRS accounting principles and needs to
issue a full financial statement for its two main divisions
"Consumer Products" & "Professional Products". What do you
need to achieve segment reporting in this scenario? (3 correct
answers)
Profit centers
Document splitting
Profitability segments
Business areas
Segments
Which parameters can you specify when creating a new
correspondence type? (3 correct answers)
Reason code required
Number of date fields required
Account required
Document number required
Company code required
You want to assign your 3 newly created company codes to the same
controlling area. Which settings must be common to all the company
codes? (2 correct answers)
Posting period variant
Source currency for group currency
Fiscal year variant
Operating chart of accounts
What information is provided when you execute the balance
audit trail?
The open account balances for customer accounts and supplier accounts
A comparison of general ledger account balances across ledgers
The starting balance and the yearly changes to the balance of a general ledger
account
A list of changes of maintained sensitive fields in general ledger accounts
How would you define Intercompany Matching and
Reconciliation (ICMR)? 2 correct answers
It is a solution that can be integrated with Group Reporting.
It is a solution that facilitates transaction matching between systems in Central
Finance.
It is a solution embedded in the SAP S/4HANA core.
It is a solution that requires the parallel implementation of SAP Group Reporting
Data Collection.
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?
Configure depreciation keys and calculation keys.
Copy the chart of depreciation and maintain depreciation areas.
Define general ledger accounts per each category of legacy asset.
Define asset classes and maintain their attributes.
Which document splitting setting for the segment
characteristic will ensure that no document line will be posted
without a segment?
Zero balance
Inheritance
Passive split
Mandatory field
Which of the following are the different history sheet groups
that each version of asset history sheets can contain? 3 correct
answers
Reposting
Book values at the end of the fiscal year
Acquisitions
Imputed interest
How does SAP S/4HANA support the treatment of taxes? 3
correct answers
It posts the tax amount to tax accounts.
It checks the tax codes and automatically updates the tax rates based on
changes by the tax authorities.
It performs tax adjustments for cash discounts and other forms of deductions.
It performs the adjustment to the tax codes and automatically updates the
procedure.
It checks the tax amount entered and automatically calculates the tax.
You want to edit a dunning proposal. Which actions can you
perform to edit a dunning proposal? 3 correct answers
Block an account.
Change a document.
Block a line item.
Lower the dunning level of an item.
Change the dunning data of an account.
What is the difference between the ledger approach and the
accounts approach to parallel valuation in Asset Accounting?
One correct answer
In the ledger approach, you maintain additional depreciation areas to post the
delta valuation of each accounting principle, unlike the accounts approach.
In the accounts approach, you define a technical clearing account for integrated
asset acquisitions, unlike the ledger approach.
In the ledger approach, you assign a ledger group to every depreciation area,
unlike the accounts approach.
In the accounts approach, you assign a completely separate set of accounts for
each accounting principle, unlike the ledger approach.
You have activated the WBS Element (not related to
Investment Management) as an account assignment for asset
accounting "balance sheet" and "identical" active. What are
the consequences? 2 correct answers
The WBS Element from the asset master data can be changed during planned
depreciation posting.
The WBS Element is available for input in the asset master record.
The WBS Element cannot be used anymore for settlement.
The WBS Element can no longer be changed in the asset master record once
the asset is capitalized.
When can you set the open item management indicator in a
general ledger account? 2 correct answers
When an account has a zero balance
When an account is set up as a cost element
When an account is used as a reconciliation account
When an account is required for clearing
What must you do when you set up depreciation areas? 1
correct answer
Define the valid depreciation keys for each depredation area.
Define the relevant asset classes for each depreciation area
Assign leading depreciation area 01 to leading ledger OL.
Assign an accounting principle for each depreciation area.
What do you define for a tax code? 2 correct answers
Fixed tax amount
Valid tax types
Tax percentage rates
Tax relevant accounts
Which of the following assignments can be adjusted for the
company code? 3 correct answers
Leading ledger
Segment
Fiscal year variant
Chart of accounts
Company
Which parameters can you configure on the dunning level? 2
correct answers
Payment deadline
Interest indicator
Days in arrears
Line item grace period
What settings can you define specifically for an asset class? 3
correct answers
Account determination key
Synchronization rules for asset and equipment
Default transaction type for asset posting
Maximum amount for low-value assets
Asset under construction category
On which levels can you define the technical clearing account
for Integrated Asset Acquisition in Customizing? 2 correct
answers
Chart of Accounts
Account determination
Depreciation area
Asset Class
You are trying to extend a G/L account to a new company code
but are getting an error for incomplete data. All customizable
fields have been set to option in the field status. Which fields
must you always maintain when extending a G/L account? 2
correct answers
Sort key
Account currency
Account number
Field status group
Which of the following account assignments can you configure
the system to create complete balance sheet reports for? 3
correct answers
Cost center
Segment
Profit center
Company code
Profitability segment
When defining a new standard ledger, which action must you
take to manually post a general journal entry to it?
Assign a chart of accounts to the ledger
Define the underlying ledger
Assign the ledger to a company code
Include the ledger in a ledger group
What are the requirements to enable data aging for Finance in
SAP S/4HANA? 3 correct answers
Add required authorizations for data aging to your role.
Activate aging on SAP HANA.
Define the logical file path as a global path for data aging.
Activate data aging for your company code.
Switch on the data aging business function.
For which account can you perform account clearing in SAP
S4HANA?
For any account that is managed on an open item basis
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
Which of the following are valid settlement receivers when you
perform settlement for an asset under construction on a line
item basis? 2 correct answers
Cost center
Functional area
Profit center
Fixed asset
Which of the following procedures are available to check the
balance of receivables and payables in balance confirmations?
3 correct answers
Balance request
Balance adjustment
Balance confirmation
Balance notification
On which levels do you define FI-AA account determination? 2
correct nswers
Company code
Chart of accounts
Chart of depreciation
Client
Which information is part of the Bank Master Data? 2 correct
answers
Address details
Data Medium Exchange (DME) details
Information for electronic payment transactions
Control data
Which parameters can you specify when creating a new
correspondence type? 3 correct answers
Reason code required
Number of date fields required
Company code required
Account required
Document number required
What must be defined in Customizing for foreign currency
valuation in the ledger solution? 3 correct answers
Accounting principles
Account determinations
Simulation extension ledger
Valuation areas
Value adjustment keys
You are implementing the Financial Closing Cockpit for your
organization. What are the advantages of defining task
groups? 2 correct answers
It allows cross template maintenance.
It covers multiple companies with same or similar tasks.
It allows cross task list execution of tasks.
It allows cross task list monitoring of task status.
How many cash discount periods can be entered in the terms
of payment?
How would you define Intercompany Matching and
Reconciliation (ICMR)? 2 correct answers
It is a solution that facilitates transaction matching between systems in Central
Finance.
It is a solution embedded in the SAP S/4HANA core.
It is a solution that can be integrated with Group Reporting.
It is a solution that requires the parallel implementation of SAP Group Reporting
Data Collection.
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?
Supplier reconciliation G/L account
Alternative reconciliation G/L account
Adjustment G/L account for foreign currency
Individual supplier accounts with special G/L indicator
What can you control with the reason code in Accounts
Receivable? 3 correct answers
The special G/L indicator for the down payment
The type of payment notice sent to a customer
The account where a residual item is posted
The document type of the payment
The exclusion of disputed residual items from credit limit checks
On which levels can you activate document splitting? 2 correct
answers
Company code level
Document type level
Client level
Ledger level
What are some features of SAP Business Technology Platform?
2 correct answers
It supports customers in understanding their stakeholder's needs.
It provides data management and analytics.
It supports application development and integration.
It helps customers to collaborate to build flexible value chains.
You try to assign an alternative account to a G/L account but
receive an error message. What can be the reason?
The alternative account has not been created for the company code.
You have not assigned the alternative chart of accounts to your company.
You have not assigned the alternative chart of accounts to your operational
chart of accounts.
The alternative account is already assigned to another G/L account for the
company code.
How many separate period intervals are there to control open
posting periods?
4
You need to make the line item text field mandatory during
document entry. Which objects should you analyze to fulfill this
request? 2 correct answers
Posting key
Account group
G/L account
Document type
Which field in the business partner master can you configure
so that the document reference is transferred to the line item?
Line Item Text
Sort Key
Assignment
Reference
When defining a new standard ledger, which action must you
take to manually post a general journal entry to it?
Define the underlying ledger
Assign the ledger to a company code
Assign a chart of accounts to the ledger
Include the ledger in a ledger group
Which parameters can you specify when creating a new
correspondence type? 3 correct answers
Reason code required
Company code required
Account required
Number of date fields required
Document number required
What types of data are maintained for a house bank? 2 correct
answers
Data medium exchange (DME) details
payment signatories
General Ledger account
Overdraft limit
How many posting period intervals in SAP S/4HANA are used
for postings of Financial Accounting (FI) and Controlling (CO)?
12
16
2
3
Your customer wants the values for a special group of assets to
be shown separately in the general ledger. Which objects do
you create in Customizing for Asset Accounting? 2 correct
answers
Account determination key
Financial statement version
Asset class
Depreciation area
Which standard currency types are essential when configuring
currency settings for company codes? 2 correct answers
Controlling area currency
Company code currency
Document currency
Group currency
What components are shared between all deployment options
for SAP S/4HANA (Cloud, On-Premise)? 3 correct answers
Configuration scope
Data model
User experience
Upgrade intervals
Code line
What object determines the number range for business partner
master data?
Business partner type
Business partner grouping
Business partner category
Business partner role
What are the requirements to enable data aging for Finance in
SAP S/4HANA? 3 correct answers
Add required authorizations for data aging to your role.
Activate aging on SAP HANA.
Define the logical file path as a global path for data aging.
Switch on the data aging business function.
Activate data aging for your company code.
What can you do with asset accounting in SAP S/4HANA
Finance? 3 correct answers
Assign separate settlement rules for depreciation areas.
Post revenue for retirements by acquisition and production cost.
Complete periodic acquisition and production cost adjustments postings.
Define transaction types by depreciation area
Simultaneously post separate values by depreciation area.
You try to create a G/L account but you get an error because
the account number is not in the accepted range. Which object
do you need to customize to extend the number range?
Account group
Account type
Chart of accounts
Tolerance group
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?
Alternative reconciliation G/L account
Supplier reconciliation G/L account
Individual supplier accounts with special G/L indicator
Adjustment G/L account for foreign currency
What types of entries can be specifically posted to a ledger in
SAP S/4HANA? 3 correct answers
Depreciation
Payments
Taxes
Accruals
Currency valuation
In an asset main number in Asset Accounting, which
information can be different between international GAAP and
local GAAP? 2 correct answers
Capitalization date
Net book value
Deprecation start date
Asset class
What is the maximum dunning level that can be assigned to a
dunning procedure?
11
You are trying to extend a G/L account to a new company code
but are getting an error for incomplete data. All customizable
fields have been set to option in the field status. Which fields
must you always maintain when extending a G/L account? 2
correct answers
Account currency
Sort key
Field status group
Account number
On which levels can you activate document splitting? 2 correct
answers
Client level
Company code level
Document type level
Ledger level
What does the posting key define? 2 correct answers
Tax code
Document type
Account type
Debit or credit line
Which of the following statements apply to the special general
ledger types of noted items? 2 correct answers
The account for the offsetting entry is selected automatically.
No zero-balance check is made in the system.
Noted items are posted to an alternative reconciliation account.
No special general ledger indicators of your own can be created of this type.
No postings are made on an offsetting account.
What is the difference between the ledger approach and the
accounts approach to parallel valuation in Asset Accounting?
In the accounts approach, you assign a completely separate set of accounts for
each accounting principle, unlike the ledger approach.
In the ledger approach, you assign a ledger group to every depreciation area,
unlike the accounts approach.
In the ledger approach, you maintain additional depreciation areas to post the
delta valuation of each accounting principle, unlike the accounts approach.
In the accounts approach, you define a technical clearing account for integrated
asset acquisitions, unlike the ledger approach.
The SAP HANA database relies on which of the following
technologies for storing data? 3 correct answers
Aggregation
Columnar store
In-memory
Compression
Indexing
How many intervals are defined for the foreign currency
valuation run ID per client?
2
Which activities can you perform with a recurring journal
entry? 2 correct answers
Obtain an overview of related future postings.
Set rules to distribute amounts to be posted.
Determine the number of postings.
Create monthly postings on any date of a month.
You want to prepare a consolidated financial report for your
corporate group consisting of 15 legal entities. You have 10
company codes defined in your S S/4HANA system in a single
client. The others use separate legacy systems.
How many companies should you define in your SAP S/4HANA
system to accommodate the consolidation scenario?
10
05
15
01
What are the necessary steps to create a substitution in
Financial Accounting? 3 correct answers
Define the substitution rule with its different steps using the formula editor.
Choose the area of application GL.
Activate the substitution rule.
Assign the substitution rule to the controlling area.
Select the correct call-up point.
What are the main elements to define when configuring tax
calculation procedures? 3 correct answers
Condition type
Tax code
Account or transaction key
Country key
Sequence of steps
From which dates can you derive the baseline date for
payment terms in an incoming invoice? 3 correct answers
Entry date
Document date
Goods receipt date
Value date
Posting date
What do you define for a tax code? 2 correct answers
Valid tax types
Tax relevant accounts
Fixed tax amount
Tax percentage rates
You have to 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 a valuation area and ledger group for two ledgers to link with the new
valuation area.
Define two valuation areas and two accounting principles with relevant links to
ledgers.
Define a valuation area and extension ledger to link with the new valuation
area.
Define two valuation methods and assign the accounting principles to the new
valuation methods.
True or False: In an environment of systems using SAP HANA,
you can perform both OLAP and OLTP processing without
duplication of the data for the SAP BW and SAP ERP systems.
True
False
Which object hierarchies can you maintain with the Manage
Global Accounting Hierarchy app? 3 correct answers
Profit center
Functional area
Cost center
Internal order
Segment
What are the differences between holding and parking
documents? 2 correct answers
The parked document can trigger workflow processes.
The held document doesn't have a document number assigned.
The held document can be incomplete.
The parked document is considered for financial statements.
What is the main differentiating factor of posting a manual
accrual document compared to other manual transactions?
Reference field
Reversal reason
Document type
Transaction type
What do you define in payment terms? 2 correct answers
Due date specification
Cash discount
Posting key
Tolerance days
What are the key settings to configure for document splitting
in SAP S/4HANA? 2 correct answers
Field status variant
Document type
Document number range
Business transaction variant
Where do you indicate that the useful life of the asset sub-
number is identical to the useful life of the main asset?
In the screen layout of the depredation area
In the account determination of the asset class
In the asset master record of the main asset
In the screen layout of the asset master record
What does assigning a screen variant during document entry
do?
It defaults values for fields in the document header.
It changes the fields that are ready for entry in the document header.
It changes the fields that are ready for entry in the line items.
It defaults values for fields in the document line item.
What settings can you define specifically for an asset class? 3
correct answers
Account determination key
Asset under construction category
Synchronization rules for asset and equipment
Maximum amount for low-value assets
Default transaction type for asset posting
Identify the criteria that usually differentiate between
document change rules. 2 correct answers
Open items
Asset class
Company code
Account type
Which of the following are the steps of Intercompany
reconciliation? 3 correct answers
Automatic assignment of documents
Manual reconciliation and communication
Document selection and data storage
Automatic presentation of reconciled and non-reconciled data
What are the steps in the Customizing of data archiving? 3
correct answers
Define table partitions.
Perform object-specific Customizing.
Define archiving storage locations.
Activate data aging objects.
Perform cross-object Customizing.
What components are defined by the depreciation key in SAP
Asset Accounting? 3 correct answers
Base method
Period control method
Multilevel method
Asset sheet valuation method
Which of the following statements correctly describe a noted item?
There are 2 correct answers to this question.
It can be accessed by the payment program.
It has an automatic statistical offsetting entry.
It updates the subledger and the general ledger.
It can be used to remind the user about due payments.
