Questions and Answers
When should the 'Read' button on the recording panel be pressed?
At which stage of the integrated sales process is a balance sheet relevant?
Which are characteristics of a public cloud?
What distinguishes the line items in the entry view from those in the general ledger view of a journal entry?
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To produce additional financial statements according to Local GAAP, which reporting dimension is used?
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What element identifies the business transaction for asset postings?
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Which of the following is NOT a reason to capture a static label on the screen?
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What is true about the multitenant server characteristic of a public cloud?
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Which fields can be configured as mandatory in the document header of a general ledger posting?
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What actions can you carry out during a depreciation posting run? (Select all that apply)
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What is one way to identify an asset number as a main asset number?
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Which of the following are results of conducting an automatic payment run?
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Which of the following describes the control enforceable by the journal entry type in a general journal document posting?
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Which of the following options are correct when troubleshooting? (Select all that apply)
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In the Extensibility context, which application can show the remaining business capacity for extension items?
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In which structure do you define where the accounts appear in the financial statement?
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What formatting stipulations apply to the available fields in the Fl document during posting?
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How does an implementation consultant support the customer expert during Fit-to-Standard workshops? (Select all that apply)
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Which of the following actions are permissible when managing dunning blocks at the account level?
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Which activities are completed in the Realize phase of the SAP Activate Methodology? (Select all that apply)
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When do you specify the data retention period in the SAP S/4HANA Migration Cockpit?
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Which editing options are available in the dunning proposal list? (Select all that apply)
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What is the primary purpose of checking the business role template?
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Which of these is NOT a task performed during the Realize phase of implementation?
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Which items are included in a completed Digital Discovery Assessment?
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What type of extensibility involves using SAP Business Technology Platform to host a custom extension?
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What potential functions can reason codes serve when processing payments?
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What is employed to analyze, design, and document the integration strategy after finalizing integration requirements?
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What are the effects of posting a goods issue in inventory management?
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Which of the following are steps in the automated payment run process?
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What is NOT a function of reason codes in payment processing?
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Which types of extensibility allow for customization directly on the SAP platform without external tools?
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Which options can be used to manage payment differences?
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On what level can you restrict postings using the posting period variant?
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Where should you look for a solution process if a prepackaged one is unavailable in SAP Signavio Process Navigator?
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Which activities applied to the entire system cannot be changed after confirmation in SAP Central Business Configuration?
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For what purposes have SAP S/4HANA Cloud Business Workflows been designed?
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Which systems are used to implement SAP S/4HANA Cloud Public Edition for a customer?
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What are the main functionalities of SAP Central Business Configuration?
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What is a key characteristic of business processes created in SAP S/4HANA Cloud?
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Study Notes
Payment Management Options
- Options to manage payment differences include Payment on Account, Partial Payment, and Residual Payment.
- Return Payment and Individual Value Adjustment are not considered correct answers.
Posting Period Variant Restrictions
- Restrictions can be applied at the Customer Reconciliation Account and G/L Account levels.
- Fixed Asset Number and Supplier Account are not applicable.
Finding Integration Solutions
- If prepackaged solutions are not available in SAP Signavio Process Navigator, the SAP Business Accelerator Hub should be consulted.
Unchangeable System Activities
- Group Currency and Fiscal Year Variant cannot be altered after confirmation in SAP Central Business Configuration.
- Scoping and Configuration Activities are not in this category.
SAP S/4HANA Cloud Business Workflows
- Designed for simple release procedures, complex business processes with multiple participants, and iterative work processes.
- Creating cross-product workflows and standard procedures is not a primary focus.
Systems for Implementing SAP S/4HANA Cloud Public Edition
- Sandbox, Development System, and Test System are utilized for implementation.
- Starter System and Trial System are excluded.
Test Automation Process Step
- The "Read" button is used to capture values for variables and text for data binding during test execution.
- Capturing static labels or error messages is not included.
Relevant Accounting Document Creation
- A balance sheet relevant document is created at the Goods Issue stage within the integrated sales process.
Characteristics of Public Cloud
- Features include lower total cost of ownership and multitenant server architecture.
- Perpetual licensing and on-premise software installation are not characteristics.
Journal Entry Line Items
- The general ledger view contains more or an equal number of line items compared to the entry view.
- The entry view specifically shows subledger accounts while the general ledger view encompasses profit centers.
Reporting According to Local GAAP
- Reporting according to Local GAAP requirements is managed through the Ledger Group dimension.
Identifying Business Transactions for Asset Postings
- The transaction type is the key element identifying business transactions for asset postings.
Troubleshooting Roles
- Troubleshooting involves checking assigned space and pages, role restrictions, and the Role Maintenance app.
- Business role templates are also part of the review process.
Financial Statement Structure Definition
- The financial statement version determines where accounts are presented in financial reporting.
Implementation Consultant Support in Workshops
- Consultants demonstrate SAP Best Practices and highlight areas needing configuration decisions during Fit-to-Standard workshops.
Realize Phase Activities
- In the Realize phase, configuration values are entered in SAP Central Business Configuration, and manual test cases are set up in SAP Cloud ALM.
Data Retention Period Specification
- The data retention period in the SAP S/4HANA Migration Cockpit is specified when the project status is "Finished."
Dunning Proposal List Editing Options
- Options include changing the dunning level of an open item, editing dunning blocks at line item and account levels.
Journal Entry Type Control
- Controls which fields in the document header are mandatory and the assigned document number during general journal document postings.
Depreciation Posting Run Options
- Depreciation can be run separately for each ledger, and a test run can be processed for individual assets.
Document Header Fields in General Ledger Posting
- Posting Date and Journal Entry Type are key fields that can be defined on the document header.
Automatic Payment Run Results
- Results of an automatic payment run include a payment log, payment documents, and payment media.
Identifying Main Asset Number
- An asset number is identified as a main asset number by the prefix -0.
Available Business Context Capacity
- The Extensibility Inventory app and Custom Reusable Elements app display available business context capacity for extensions.
Digital Discovery Assessment Capture
- Business role requirements and known integration requirements are captured in a completed Digital Discovery Assessment.
Extensibility with SAP Business Technology Platform
- The platform is utilized for side-by-side extensibility-related custom extensions.
Functions of Reason Codes in Payments
- Reason codes enable automatic posting of residual items, control the account for postings, and govern payment notice types sent to customers.
Analyzing Integration Strategy
- The Integration Solution Advisory Methodology is utilized to analyze and design integration strategies post-finalization of requirements.
Goods Issue Posting Effects
- Goods issue postings lead to a reduction in inventory value and the generation of an accounting document.
Automated Payment Run Steps
- Steps include maintaining parameters, scheduling the proposal run, and scheduling the payment run.
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Description
Test your understanding of payment management options and posting period restrictions in accounting. This quiz covers key concepts such as return payment, payment on account, and the various ways to manage postings.