SAP FI - MCQs

Flashcards for review

Q. What can you achieve with the legacy data transfer in Asset Accounting via transaction AS91?

Posting of take over values

Q. What is the posting indicator of the depreciation area for the parallel currency?

Posts to G/L in real time

Q. Which of the following objects is only a statistical account assignment for cost postings to an asset?

Profit center

Q. 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?

The WBS Element is available for input in the asset master record

The WBS Element can no longer be changed in the asset master record once the asset is capitalized

Q. You perform the depreciation run for your assets. For a specific asset, you would like to post the depreciation specified in the asset master data. How do you achieve this?

By changing the corresponding error into a warning via configuration

Q. You run the balance carry forward for your company code. When looking at the log you see there is an error with regards to Asset Accounting. What is the cause of the error?

You have incomplete asset master records

Q. You want to post depreciation costs of one asset to two cost centers. How do you do this?

You assign a real internal order in the asset master data which you settle periodically to two cost centers

Q. You post a vendor invoice for asset acquisition without reference to a purchase order. Which accounting documents are generated?

One document per accounting principle & one document for all accounting principles

Q. You post an unplanned depreciation to an asset. What is the effect on FI-AA and FI-GL?

Posting is done in FI-AA in real time and in FI-GL once the depreciation posting program has run

Q. What are characteristics of depreciation area 01?

It must always post in real time

It cannot take over values from other areas

Q. On which levels do you define FI-AA account determination?

Chart of accounts

Client

Q. What are the consequences of the activation of segment reporting in Asset Accounting?

The segment appears in the screen layout for asset master data

The segment appears in the additional account assignment configuration

Q. On which levels can you define the technical clearing account for Integrated Asset Acquisition in Customizing?

Account determination

Chart of Accounts

Q. In which scenarios is the technical clearing account posted?

Valuated goods receipt on a purchase order with an asset as account assignment

Direct asset acquisition posting with a vendor invoice (not linked to a purchase order)

Q. You define the technical clearing account for Integrated Asset Acquisition in Customizing. Which prerequisites must be met?

The account is a balance sheet account

The account is defined as a reconciliation account for fixed assets

Q. Which fields are maintained on the chart of accounts level of a G/L account?

Account group

Short text

Group account number

Q. You notice that in the entry view of a document you have fewer items than in the general ledger view. What is the reason for this?

Document splitting has been activated

Q. Where do you assign the group chart of accounts?

Operating chart of accounts

Q. You are posting a general journal entry for your company code. After posting the entry, you notice the document number is in the wrong number. After reversing the document, what do you need to change when reposting the document?

Document type

Q. 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

Q. 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

Q. You want to post a reversal for a document posted in a closed posting period. Which object do you configure to allow you to enter the reversal with a date different from the original document?

Reversal reason

Q. You are trying to extend a G/L account to a new company code but are getting an error for incomplete data. All customizable in the field status. Which fields must you always maintain when extending a G/L account?

Account currency

Field status group

Q. 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 is already assigned to another G/L account for the company code

Q. On which level do you maintain the currency translation ratio between two currencies?

Exchange rate type

Q. What is the prerequisite for a G/L account to switch off open item management for it?

It has a zero balance

Q. From which G/L account types are values shown in the profit and loss (P&L) statement?

Secondary Costs

Non-operating expense or Income

Primary cost or Revenue

Q. Where do you assign the currency type?

Ledger

Q. 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 SAP 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?

5

Q. What separates the leading ledger from other parallel standard ledgers?

It doesn't derive values from other ledgers

Q. What does the fiscal year variant define?

The start and end date of posting periods

The number of posting periods

Q. Which items are taken into account during foreign currency valuation?

-Balance valuation on items for balance sheet accounts defined with ledger group specific open item management

-Line item valuation for balance sheet accounts defined as open item management

Q. As a pre-closing activity, selected suppliers are to confirm their balances. Which confirmation procedure do you use when a response is expected only in case of discrepancies?

Balance notification

Q. Your organization has heard about SAP Intercompany Matching and Reconciliation (ICMR) and is wondering whether it could address their needs. For which purposes can ICMR be useful?

To generate automatic posting to correct intercompany discrepancy

To highlight and solve intercompany data discrepancy triggering a workflow

Q. You notice that the GR/IR account does not have a zero balance. What could be the cause?

A purchase order has a partial invoice receipt but not yet a goods receipt

A purchase order has a partial goods receipt for which we have not yet received an invoice

Q. You run a financial statement report and notice the net profit calculated is different than what you expect. What could cause the issue?

You have accounts that you have not assigned in the financial statement version

You have added an account to the wrong node and it is included in the assets section.

Q. Where can you see the matching results from the Intercompany Matching and Reconciliation tool?

In the Universal Journal table (ACDOCA)

Q. Which physical inventory methods are available in SAP S/4HANA?

Periodic inventory method

Cycle counting method

Continuous inventory method

Q. What is the role of the valuation method in the foreign currency valuation?

Determine the exchange rate type

Define the document type for the valuation posting

Define the valuation procedure

Q. On what level can you restrict postings using the posting period variant?

G/L account

Supplier account

Q. You are implementing the Financial Closing Cockpit for your organization. What are the advantages of defining task groups?

It allows cross template maintenance

It covers multiple companies with same or similar tasks

Q. How would you define Intercompany Matching and Reconciliation (ICMR)?

It is a solution that facilitates transaction matching between systems in Central Finance

It is a solution that can be integrated with Group Reporting

Q. How does the system determine the relevant accounting principle when performing foreign currency valuation?

Via the valuation area

Q. 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?

Adjustment G/L account for foreign currency

Q. Your company structures its Profit & Loss (P&L) statement according to cost-of-sales accounting. Which organizational unit do you need to define?

Functional area

Q. SAP S/4HANA has introduced the Universal Journal (table ACDOCA) which represents the single source of truth. Which line items are recorded in the table ACDOCA?

Plan depreciation amounts

Primary costs resulting from a distribution

Intercompany postings

Q. Your company based in France has a permanent establishment in Switzerland where financial statements are required by law. Which organizational unit do you need to create for the permanent establishment in Switzerland?

Company code

Q. At which levels do you choose between direct and indirect quotation?

Client

Exchange rate type

Q. You want to implement purchase order accruals in SAP S/4HANA. Which of the following use cases are relevant?

Purchase of consumable materials

Purchase of services

Q. Which object is used to directly support the preparation for consolidation?

Company/Trading Partner

Q. 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?

Profit centers

Segments

Business areas

Q. At which level do you define functional areas?

Client

Q. 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?

Operating chart of accounts

Fiscal year variant

Q. Which of the following currency types can be defined for a specific ledger?

30 Group currency

60 Global company currency

10 Company code currency

Q. Which of the following organizational elements can be shared by several company codes?

Segment

Profit center

Business area

Q. Which currency types are defaulted in SAP S/4HANA?

00 = Document currency

10 Company code currency

Q. What are the 3 mandatory steps of the dunning process in the SAP S/4HANA system?

Schedule the dunning run

Maintain the parameters of the dunning program

Start the dunning printout

Q. The 3-way match is the standard procedure used to post procurement transactions in SAP S/4HANA. How does it work?

The purchase order needs to be created in reference to a purchase request

Q. Which date must the system determine when you enter an invoice that needs to be paid?

Baseline date

Q You want to include multiple company codes in a single payment run. What are the prerequisites for the company codes?

They must be located in the same country

Q. Which parameters can you configure on the dunning level?

Payment deadline

Days in arrears

Q. You have cleared a customer open item but want to undo this action. What are the available options?

Reset the clearing document

Reset and reverse the clearing document

Q. What do you configure for regrouping receivables and payables?

Sort Method

Q. In the standard sales process, when is the COGS posting generated in Financial Accounting?

Do PGI (Post Goods Issue)

Q. You have made an agreement with a customer to guarantee an amount of EUR 10000. What is the result of recording this guarantee in SAP S/4HANA?

Two statistical line items

Q. You define payment methods. Which parameters do you define on the level of the company code?

Minimum and maximum payment amounts

Foreign currency allowed

Q. At which levels can the print program and its variant be assigned to the correspondence type?

Client

Company code

Q. You need to explain the concept of noted items in SAP S/4HANA. Which characteristics are specific to noted items?

They can be accessed by the payment program and the dunning program

They generate statistical postings

They are managed as open items on customer and vendor accounts

Q. What can you control with the reason code in Accounts Receivable?

The exclusion of disputed residual items from credit limit checks

The account where a residual item is posted

The type of payment notice sent to a customer

Q. You are entering a credit memo in Financial Accounting and are wondering why the entered payment terms are being ignored. What are the reasons?

The credit memo was created without reference to an invoice.

The field “Reference” of the credit memo is blank

Q. You post an incoming payment from a customer with a residual item for a payment difference. What are the consequences?

The residual item becomes a new receivable

The original document and the payment are cleared

Q. Which component of the Intelligent Enterprise allows customers to discover and deploy vertical solutions from SAP and partners?

Industry Cloud

Q. What are some features of SAP Business Technology Platform?

It supports application development and integration

It provides data management and analytics

Q. The SAP Business Network helps customers digitalize cross-company business processes. On which solutions does the network build?

Contingent Workforce

Travel

Procurement

Q. Which SAP Fiori apps can be run on any database?

Manage Chart of Accounts

Bank Transfers

Q. How are pages assigned to users on the SAP Fiori Launchpad?

Via spaces assigned to business roles which are assigned to users

Q. Which model can be used for ABAP cloud-native development?

ABAP RESTful Application Programming Model

Q. Which of the following API types does SAP recommend to use to achieve clean core integrations?

SOAP

OData

Q. Which of the following can you use to explore released APIs?

SAP Business Accelerator Hub

Q. What are some SAP recommended guiding principles to achieve clean core operations?

Establish regular housekeeping tasks and procedures.

Integrate clean core practices in the end-to-end value process chain.

Define roles and responsibilities as part of a process transformation office.