Accounting Associates - Full

SAP Certified Application Associate - SAP S/4HANA for Financial Accounting Associates - Full
You got 56 of 80 possible points.
Your score: 70 %
Question Results
Score 1 of 1
Question:

Which currency types can you set in customizing activity "define setting for ledgers and currency
type"?

There are 2 correct answers to this question.

Response:

Local Currency

Group Currency

Transaction Currency

Material Ledger Currency

Score 1 of 1
Question:

Which of the following currency types can you set in customizing activity "define setting for
ledgers and currency type"?
There are 2 correct answers to this question.

Response:

Transaction currency

Group currency

Local currency

Material ledger currency

Score 0 of 1
Question:

When procurement transactions are posted, which of the following steps is exclusively carried out
in Materials Management?

Choose the correct answer.

Response:
 Creation of purchase order

Goods receipt

Invoice receipt

Score 1 of 1
Question:

Which of the following fields can be changed in the document header?

There are 2 correct answers to this question.

Response:

Document header text

Currency exchange rate

Document date

Reference number

Score 0 of 1
Question:

In Asset Accounting, which object do you use to handle separate valuation for parallel accounting?

Response:

Chart of depreciation

Depreciation key

Depreciation area

Valuation area

Score 1 of 1
Question:

What do you configure to allow cross-company-code transactions?

Note- There are 2 correct answers to this question.

Response:
 Clearing accounts

Posting keys

Special G/L indicator

Account types

Score 0 of 1
Question:

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.

Response:

Specify a purpose for the exchange rate type.

Set up the relationship between currencies using translation ratios.

Maintain exchange rates daily.

Specify the direct or indirect quotation.

Score 1 of 1
Question:

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?
Please choose the correct answer.

Response:

Score 1 of 1
Question:

What are the characteristics of a company in SAP S/4HANA?

There are 2 correct answers to this question.

Response:

It represents separate areas of operation within an organization.

It can be assigned to a company code.

It is considered for consolidation.

It is responsible for costs and revenues within an organization.

Score 1 of 1
Question:

A document has several line items, with different reason codes entered. For the automatic
payment, which correspondence type does the system choose?

Choose the correct answer.

Response:

The one assigned to the tolerance group

The one in the first line item

The system prompts for the user to assign one

The one in the line item with the largest amount

Score 0 of 1
Question:

Which of the following is an example of an automatic offsetting entry?

Please choose the correct answer.

Response:

Posting of a guarantee of payment

Down payment request

Bank posting of a received down payment

Score 1 of 1
Question:

What happens to the transaction figures when you post a normal reversal posting?

Response:

They are increased.

They are reset.

They are deleted

They are cleared.

Score 0 of 1
Question:

On which levels do you maintain data for an integrated customer account?

Note: There are 3 correct answers to this question.

Response:

Company code

Purchasing organization

General data at the client level

Profitability segment

Sales area

Score 1 of 1
Question:

What are the two phases of AuC that are relevant to Asset Accounting?
There are 2 correct answers to this question.

Response:

Accounting phase

Assets transfer phase

 Useful life phase

Under-construction phase

Score 1 of 1
Question:

In which application areas can you use validation?

Note: There are 2 correct answers to this question.

Response:

Cost Accounting

Asset Accounting

Profit Center Accounting

Materials Management

Score 1 of 1
Question:

Which statements best describe extension ledgers in SAP S/4HANA?

There are 2 correct answers to this question.

Response:

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.

Score 1 of 1
Question:

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.

Response:

You can create a tile group with all the apps required for your daily business for easy access.
 You can create an app to take you directly to the cash position of the North American business market.

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

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

Score 0 of 1
Question:

Which of the following are the steps of Intercompany reconciliation?

There are 3 correct answers to this question.

Response:

Document selection and data storage

Automatic presentation of reconciled and non-reconciled data

Automatic assignment of documents

Manual reconciliation and communication

Score 1 of 1
Question:

What is the difference between the ledger approach and the accounts approach to parallel
valuation in Asset Accounting?
Please choose the correct answer.

Response:

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.

Score 0 of 1
Question:
Identify the reasons for archiving data.

There are 3 correct answers to this question.

Response:

Using data as a backup.

Reducing the system downtime when carrying out software upgrades, recoveries, and (offline)
database backups.

Improving response times and ensuring good response times.

Lowering the effort involved in database administration.

Score 0 of 1
Question:

You want to edit a dunning proposal. Which actions can you perform to edit a dunning proposal?
There are 3 correct answers to this question.

Response:

Block an account.

Change the dunning data of an account.

Change a document.

Block a line item.

Lower the dunning level of an item.

Score 1 of 1
Question:

When you post a payment for an invoice, how does the system derive the splitting characteristics?

Response:

Inheritance

Active document splitting

Passive document splitting

 Default assignment

Score 1 of 1
Question:

You want to quickly launch the balance sheet for the company code you are responsible for from
the SAP Fiorilaunchpad. What can you create to achieve this?

Response:

Your own application group

Your own application catalog

Your own financial statement version

Your own application tile

Score 1 of 1
Question:

What should you check if the balance of the GR/IR account is not zero at the purchase order item
level on the balance sheet key date?

There are 2 correct answers to this question.

Response:

Check to see if the goods were ordered by the key date, but have not been received.

Check to see if the goods were produced by the key date, but have not been invoiced.

Check to see if the goods were delivered by the key date, but have not yet been invoiced.

Check to see if the goods were invoiced by the key date, but have not yet been delivered.

Score 1 of 1
Question:

You are posting an incoming payment against an invoice. Which document values does the user
tolerance group control?
There are 2 correct answers to this question.

Response:

The total amount (sum of all line items) allowed to be posted

 The cash discount percentage allowed for the complete document

The cash discount amount (absolute value) allowed for a line item

The payment amount allowed for each customer open item

Score 1 of 1
Question:

Which of the following steps are parts of the process of configuring the payment program?

There are 3 correct answers to this question.

Response:

Configure the house banks

Configure the payment methods for each company code

Configure the paying company codes

Configure the G/L account field status for document entry

Score 1 of 1
Question:

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:

Fixed asset fiscal year change is complete.

Depreciation is posted in full.

General ledger and subledgers are closed.

Assets are complete and error free.

Score 1 of 1
Question:

Which SAP technological product provides the platform required for SAP to support the digital
transformation of an organization?
Please choose the correct answer.
 Response:

SAP HANA

SAP NetWeaver

SAP Fiori

SAP CRM

Score 1 of 1
Question:

If there is no entry or if a runtime value is empty, the system uses a minimum runtime of 999 days.
Determine whether this statement is true or false.

Response:

False

True

Score 1 of 1
Question:

What items are NOT cleared by the automatic clearing program?

There are 3 correct answers to this question

Response:

Noted items

Items with sales and use tax

Items with value added tax

Statistical postings

Items with withholding tax

Score 0 of 1
Question:

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?
There are 3 correct answers to this question.
 Response:

Posting date

Entry date

Document date

Value date

Goods receipt date

Score 1 of 1
Question:

Which is the first step in the procedure of making down payments in the customer area?
Please choose the correct answer.

Response:

Down payment received

Clearing

Down payment request

Customer invoice

Score 1 of 1
Question:

Which is the most flexible SAP S/4HANA Cloud solution for customers?
Please choose the correct answer.

Response:

Hybrid option

Community option

Public option

Private option

Score 1 of 1
Question:

What do you define in payment terms?

Note: There are 2 correct answers to this question.

Response:

Tolerance days

Due date specification

Cash discount

Posting key

Score 1 of 1
Question:

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?

Note: There are 2 correct answers to this question.

Response:

Financial statement version

Account determination key

Asset class

Depreciation area

Score 0 of 1
Question:

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?

Response:

Document date and posting date.

Posting date and asset value date

Document date and asset value date

 Posting date and entry date.

Score 1 of 1
Question:

For which type of account is the line item display generally active?
Please choose the correct answer.

Response:

Customer account

Vendor account

Reconciliation account

Special general ledger account

Score 0 of 1
Question:

Which of the following statements best describe a noted item?

There are 2 correct answers to this question.

Response:

It can be accessed by the payment program.

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

It has an automatic statistical offsetting entry.

It updates the subledger and the general ledger.

Score 1 of 1
Question:

Where is the billing document created?

Please choose the correct answer.

Response:

Sales and Distribution

Financial Accounting
 Accounting

Materials Management

Score 1 of 1
Question:

You want to make the Reference Document Number field required for entry. Which object controls
this setting?
Please choose the correct answer.

Response:

Document field status

Document posting key

Document reference key

Document type

Score 1 of 1
Question:

You are responsible for configuring document splitting. What are some of the key settings?
There are 2 correct answers to this question.

Response:

Field status variant

Business transaction variant

Document number range

Document type

Score 0 of 1
Question:

Which of the following information is entered in the chart of accounts segment of a G/L account?
There are 3 correct answers to this question.

Response:

Control fields
 Account number

Currency fields

Consolidation fields

Score 1 of 1
Question:

The usage of which of the following depreciation types can be activated per depreciation area?
There are 3 correct answers to this question.

Response:

Scheduled depreciation

Special depreciation

Unplanned depreciation

Ordinary depreciation

Score 0 of 1
Question:

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

Response:

Reason code required

Company code required

Document number required

Account required

Number of date fields required

Score 1 of 1
Question:

Which objects can be posted to by more than one company code?

Note: There are 3 correct answers to this question.
 Response:

Cost center

Profit Center

Sales organization

Segment

Business area

Score 0 of 1
Question:

You have a debit amount of 50 and credit amount of 80 as balance on an account. This account is
assigned to the assets side in a financial statement version, with the debit indicator and the credit.

How is this shown on the balance sheet?

Response:

50 is shown on the liabilities side and 80 is shown on the assets side.

0 is shown on the assets side and 30 is shown on the liabilities side.

The balance is shown on the assets side.

The balance is shown on the liabilities side.

Score 0 of 1
Question:

Which of the following types of tasks are available in the Financial Closing Cockpit application?
There are 3 correct answers to this question.

Response:

Remote tasks

Online transactions

Task list template

Flow definition
Score 1 of 1
Question:

What is the maximum dunning level that can be assigned to a dunning procedure?
Choose the correct answer.

Response:

11

Score 1 of 1
Question:

What is the correct order of steps when you use the SAP financial Closing Cockpit?

Response:

1. Create tasks 2. Define dependencies 3 Create task list 4. Create template 5. Release task list

1. Create tasks 2. Define dependencies 3. Create template 4. Create task list 5 Release task list

1 Create template 2 Create tasks 3. Create task list 4. Define dependencies 5. Release task list

1 Create template 2 Create tasks 3 Define dependencies 4 Create task list 5 Release task list

Score 0 of 1
Question:

You define custom currency type Z1 for your company code. Which currency types must be stored
in the Data Entry view?
There are 2 correct answers to this question.

Response:

Document currency

Company code currency

 Custom currency type Z1

Object currency

Score 1 of 1
Question:

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:

Rank bank accounts for payment.

Review the payment proposal exception list.

Maintain open item selection parameters.

Define maximum amounts to be paid per supplier.

Score 0 of 1
Question:

The variant principle is used in SAP S/4HANA to assign particular properties to one or more
objects. How many steps does the variant principle have?

Please choose the correct answer.

Response:

Score 0 of 1
Question:

Within the line items of Fl documents, what does the posting key control?
Note: There are 3 correct answers to this question.

Response:
 The account group to which the line item can be posted

The field status of additional details

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

Score 1 of 1
Question:

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?

Please choose the correct answer.

Response:

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 can only post to the account in CAD.

Score 1 of 1
Question:

In addition to the local and global currency in the universal journal, how many freely defined
currencies can you assign per company code and ledger.

Response:

10

3
Score 1 of 1
Question:

Which of the following tolerance groups should every company code always have?
Please choose the correct answer.

Response:

Blank

Named

Special

Defined

Score 1 of 1
Question:

What is the recommended organizational unit for cost-of-sales accounting?

Please choose the correct answer

Response:

Functional area

Business area

Controlling area

Sales area

Score 1 of 1
Question:

Which fields can you edit before posting a parked document?

Note: There are 3 correct answers to this question.

Response:

Account

Posting date

Amount
 Currency

Document type

Score 1 of 1
Question:

Which of the following are SAP Fiori design principles?

There are 2 correct answers to this question.

Response:

Routine

Rational

Role-based

Responsive

Score 1 of 1
Question:

Which of the following is the first step in the variant principle?

Please choose the correct answer.

Response:

Assign the variant to the objects

Define variant

Determine values for the variant

Create multiple variants

Score 1 of 1
Question:

Which statements best describe a chart of depreciation?

There are 2 correct answers to this question.

Response:

A chart of depreciation contains multiple depreciation areas with a provision for addition and
deletion of depreciation areas.
 A chart of depreciation is company-code-specific; therefore, two company codes CANNOT use the
same chart of depreciation.

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.

Score 1 of 1
Question:

What data do you maintain in the chart of accounts sections of a General Ledger account?

Response:

Consolidation data

Authorization data

Reconciliation data

User data

Score 1 of 1
Question:

Which business scenarios can be handled with accrual and deferral postings?
Please choose the correct answer

Response:

One-time payment for one-year cloud storage service

One-time payment for fixing flooding damage

Monthly subscription to a financial newspaper

Monthly rent payments for an office building

Score 1 of 1
Question:

During which actions does the system assign the document number for Financial Accounting?
There are 2 correct answers to this question.

Response:
 Post

Simulate

Park

Hold

Score 0 of 1
Question:

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

Response:

The account for the offsetting entry is selected automatically.

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

No zero-balance check is made in the system.

Noted items are posted to an alternative reconciliation account.

No postings are made on an offsetting account.

Score 0 of 1
Question:

Which business partner categories are available to manage relationships?

Note: There are 2 correct answers to this question.

Response:

Organization

Bank

Customer

Person

Score 1 of 1
Question:
The dunning run is made up of three main steps that happen in a particular sequence. What is the
correct sequence of steps?

Response:

Item selection
Dun line items
Dun account
Item selection
Dun account
Dun line items
Account selection
Item selection
Dun line items
Account selection
Dun line items
Dun account
Score 1 of 1
Question:

What are the benefits of public cloud deployments of SAP S/4HANA?

Note: There are 2 correct answers to this question

Response:

Increased customizing flexibility

IT cost savings

One-time license investment

Always up to date

Score 0 of 1
Question:

Your customer wants to use data aging for the universal journal. Which criteria can you use to
decide which data is moved to the historical partition?

Note: There are 2 correct answers to this question.

Response:

Company code

Ledger

Document type
 Account type

Score 1 of 1
Question:

Which two reports should you use to create correspondence to and from customers and vendors
to enable you to verify the balance of receivables and payables?

There are 2 correct answers to this question.

Response:

SAPF130K

SAPF130E

SAPF130L

SAPF130D

Score 0 of 1
Question:

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 to ensure the inventory number is NOT copied over when you create a
new asset via copy?
Please choose the correct answer.

Response:

Remove the asset class indicator in screen layout maintenance.

Remove the main asset indicator in screen layout maintenance.

Remove the reference indicator in screen layout maintenance.

Remove the subnumber indicator in screen layout maintenance.

Score 1 of 1
Question:

A message can contain up to six fields. Determine whether this statement is true or false.

Response:
 False

True

Score 1 of 1
Question:

In which step of the SAP Financial Closing Cockpit configuration do you define parameters settings
for variables of program variants?

Response:

Dependency definition

Template creation

Task list creation

Task list release

Score 1 of 1
Question:

Which of the following objects are relevant to the dunning program configuration?
There are 3 correct answers to this question.

Response:

Expenses or charges

Bank selection

Minimum amounts

Dunning levels

Score 1 of 1
Question:

Which of the following lists support the dunning clerk’s work?

There are 3 correct answers to this question.

Response:

The dunning history list

 The dunning list

The blocked accounts list

The list of vendor balances in local currency

Score 1 of 1
Question:

What information is updated on the invoice when you post a complete payment?
Note: There are 2 correct answers to this question.

Response:

Clearing document number

Clearing date

Clearing reason code

Clearing bank

Score 1 of 1
Question:

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. Present reconciled and non-reconciled data

2. Post the correction documents.
3. Store the data.
4. Communicate differences.

1. Post the correction documents.

2. Store the data.
3. Present reconciled and non-reconciled data.
4. Communicate differences.

1. Store the data

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

1. Store the data.

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

Score 1 of 1
Question:

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.

Score 0 of 1
Question:

Which steps are required to create a substitution in Financial Accounting?

There are 3 correct answers to this question

Response:

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.

Score 0 of 1
Question:

What dunning-related data do you maintain on the business partner master record?
There are 3 correct answers to this question.

Response:

Dunning key
Dunning block

Dunning procedure

Dunning area

Dunning interval