Erp PDF Mini 7

7/29/22, 9:04 AM SAP Certified Application Associate - SAP S/4HANA for Financial Accounting Associates - Mini | ERPPrep
SAP Certified Application Associate - SAP S/4HANA for

Financial Accounting Associates - Mini
You got 14 of 39 possible points.

Your score was: 36 %
Question Results
Question: Score 0 of 1
You have to map two accounting principles for accounting. Using the accounts
approach to parallel valuation in SAP S/4HANA, which ledger must you use?
Please choose the correct answer.
Response:
No ledger
Leading ledger
Extension ledger
Special purpose ledger
Which of the following statements are valid for financial document number ranges?
There are 3 correct answers to this question.
Response:
Financial document number ranges defined at client level should NOT overlap.
Financial document number ranges are defined at company code level.
The same financial document number range can be assigned to several document
types.
https://www.erpprep.com/node/13764/myresults/3082877 1/17
Financial document number ranges must be defined for the year in which they are
used.
All financial document number ranges can contain numbers and/or letters.
Your customer uses a posting period variant with special periods, and you need to
allow specific users to post in these specials periods. What do you assign in the
posting period variant?
Response:
An authorization group to period intervals 2 and 3
An authorization group to period interval 2
An authorization group to period interval 1
An authorization group to period intervals 1 and 2
There are four dunning program steps that can be performed during the automatic
dunning procedure as follows: Arrange these steps into the correct sequence.
Response:
Schedule the dunning run.
Maintain the parameters.
Change the dunning proposal.
Start the dunning printout.
What is the secondary cost general ledger account type used for?
Response:
To post activities that aren’t from the main businesses of the company
To post to two cost controlling account assignments at the same time
To post cost Controlling account assignments statistically for fixed asset and material
accounts
To post internal cost allocations in management accounting
For which special G/L indicator do you specify a target special G/L indicator?
Response:
Vendor down payment request
Customer down payment
Bill of exchange
Guarantee given
Which of the following are the different history sheet groups that each version of
asset history sheets can contain?
Response:
Acquisitions
Book values at the end of the fiscal year

Imputed interest
Reposting
Which items can you clear with the automatic clearing program?
Response:
Bank transaction items
Statistical postings
Noted items
Items with withholding tax entries
Within the line items of FI documents, what does the posting key control?
Response:
The account group to which the line item can be posted
Whether the item is posted as a debit or credit
Whether the item is posted with reference to primary or secondary cost element
The account type to which the line item can be posted
The field status of additional details
Which prerequisites must be fulfilled to allow for negative postings of journal

entries?
There are 2 correct answers to this question
Response:
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.
Which field status has the lowest priority (G/L accounts)?
Response:
Display
Optional entry
Hide
Required entry
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?
Response:
Special G/L indicators
Bank determination
Paying company codes
Payment terms
Which of the following statements apply to the special general ledger types of
noted items?
Response:
No postings are made on an offsetting account.
No zero-balance check is made in the system.
No special general ledger indicators of your own can be created of this type.
The account for the offsetting entry is selected automatically.
Noted items are posted to an alternative reconciliation account.
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?
Response:
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.
What can you control with the tolerance group?
Response:
Maximum permitted payment differences
Maximum exchange rate deviation
Maximum amount per document
Maximum amount per open item
Maximum tax amount
In the payment method settings for the company code, what options do you have
for payment optimization?
Response:
Optimization by due date
Optimization by postal code
Optimization by bank group
Optimization by discount
On which database is SAP S/4HANA built to run?
Response:
On all databases that support columnar data storage
On all modern enterprise level databases
On a select list of SAP and third-party databases
Only on SAP HANA
You’ve agreed to terms of payment with a business partner that is a customer and a
supplier. The same terms are to be used both ways (incoming and outgoing).
You’ve defined a new terms of payment key, but when trying to update the supplier
business partner role, you don’t find the payment term available to select.
What must you do?
Response:
Enter the payment term manually during invoicing.
Maintain the account type in the terms of payment.
Change the field status of the business partner role to make the payment terms an
optional field.
Create a new payment term for the supplier business partner role.
A user wants to add an application to his SAP Fiori home page but can’t find it in
the App Finder. What does the admin have to do?
Response:
Add the tile to a tile group already assigned to the user.
Assign the corresponding SAP Fiori tile catalog to the user.
Add the corresponding tile catalog to the tile group.
Assign the corresponding SAP Fiori tile group to the user.
You define custom currency type Z1 for your company code. Which currency types
must be stored in the Data Entry view?
Response:
Object currency
Document currency
Custom currency type Z1
Company code currency
In the SAP S/4HANA application, the payment program and dunning program can
access noted items for further processing. Determine whether this statement is
true or false.
Response:
True
False
For which of the following transactions can you use noted items?
Response:
Late payment
Down payment request
Customer payment
Vendor payment
After you collect data in the Intercompany Reconciliation tool, what are the next
steps of the reconciliation process?
Response:
1. Store the data
2. Present reconciled and non-reconciled data
3. Communicate differences.
4. Post the correction documents.
2. Store the data.

3. Present reconciled and non-reconciled data.
1. Present reconciled and non-reconciled data
3. Store the data.

1. Store the data.

2. Present reconciled and non-reconciled data.
What must you do when you set up depreciation areas?
Response:
Define the relevant asset classes for each depreciation area
Define the valid depreciation keys for each depredation area.
Assign leading depreciation area 01 to leading ledger OL.
Assign an accounting principle for each depreciation area.
Which document splitting setting for the segment characteristic will ensure that no
document line will be posted without a segment?
Response:
Mandatory field
Zero balance
Inheritance
Passive split
Which fields can you edit before posting a parked document?
Response:
Document type
Amount
Currency
Posting date
Account
In which items of a financial statement version can you find values related to
accounts for sales deductions and material expenses?
Response:
Sales deductions in liabilities item
material expenses in loss item
Sales deductions in loss item
Material expenses in liabilities item
Sales deductions in loss item
Material expenses in loss item
Sales deductions in assets item

Material expenses in loss item
Which data can you edit in the payment proposal?
Response:
House bank
Invoice amount
Payee
Payment block
Cash discount
When you post an amount to an asset in the LVA class that is above the threshold
for the maximum value, how does the system respond?
Response:
The system produces an error message; for you to post, you must split the asset or
post to another asset class.
You receive a warning message; the asset is posted, but the depreciation key is
adjusted to normal depreciation.
The system posts the value up to the LVA threshold and posts the rest to the
generated asset subnumber.
The system adjusts the asset quantity to the value that keeps the asset below the
maximum threshold.
Which functions allow you to temporarily save the entered data?
Response:
Insert function
Hold function
Save function
Parking function
Identify the steps performed during the general ledger closing operations for the
fiscal year.
Response:
The balance carry forward program is run.
Vendor invoices are posted.
Accruals are carried out.
Foreign currency documents are valuated.
What setting must be identical between the company code and controlling area?
Response:
The fiscal year variant key
The number of special periods
The number otposting periods.
The number of postings and special periods
Which ledger-specific configuration can you maintain at company code level?
Response:
Financial statement version
Fiscal year variant
Field status variant
Posting period variant
What are the reasons to perform regrouping of receivables and payables?
Response:
To group payables and receivables based on the due dates
To simplify and speed up dunning selection processing
To align amounts on accounts with changed reconciliation accounts
To display receivables and payables separately
To prioritize balance confirmation printing by postal code
Which of the following lists support the dunning clerk’s work?
Response:
The dunning history list
The list of vendor balances in local currency
The dunning list
The blocked accounts list
Identify the fields that cannot be changed while changing parked documents.
Response:
Document type or document number
Company code
Currency
Account assignment objects
Customers using classic General Ledger Accounting can use RFBILAOO to create a
financial statement at which organization levels?
Response:
Segment level
Business area level
Company area level
Client level
When should fiscal year close for asset accounting be carried out?
Response:
Directly before balance carryforward
When the previous fiscal year is closed
Directly after balance carryforward
When the last nonspecial period of the previous year is closed
In the trial balance report that is based on line items, how many fields can you
select to report on?
Response:
More than 100
More than 500
Around 50
Fixed for 10
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7/29/22, 9:04 AM SAP Certified Application Associate - SAP S/4HANA for Financial Accounting Associates - Mini | ERPPrep

SAP Certified Application Associate - SAP S/4HANA for

You got 14 of 39 possible points.

Please choose the correct answer.

Special purpose ledger

There are 3 correct answers to this question.

Financial document number ranges are defined at company code level.

Please choose the correct answer.

An authorization group to period intervals 2 and 3

An authorization group to period interval 2

An authorization group to period interval 1

An authorization group to period intervals 1 and 2

There are 3 correct answers to this question.

Schedule the dunning run.

Maintain the parameters.

Change the dunning proposal.

Start the dunning printout.

Please choose the correct answer.

To post to two cost controlling account assignments at the same time

To post internal cost allocations in management accounting

Please choose the correct answer.

Vendor down payment request

Customer down payment

There are 3 correct answers to this question.

Book values at the end of the fiscal year

Please choose the correct answer.

Bank transaction items

Items with withholding tax entries

There are 3 correct answers to this question.

The account group to which the line item can be posted

Whether the item is posted as a debit or credit

The account type to which the line item can be posted

The field status of additional details

Which prerequisites must be fulfilled to allow for negative postings of journal

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.

Which field status has the lowest priority (G/L accounts)?

Please choose the correct answer.

There are 2 correct answers to this question.

Special G/L indicators

Paying company codes

There are 3 correct answers to this question.

No postings are made on an offsetting account.

No zero-balance check is made in the system.

The account for the offsetting entry is selected automatically.

Noted items are posted to an alternative reconciliation account.

Please choose the correct answer.

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.

What can you control with the tolerance group?

There are 3 correct answers to this question.

Maximum permitted payment differences