Podcast
Questions and Answers
What is added to the notes in the financial statement item section for the new account?
What is added to the notes in the financial statement item section for the new account?
- The balance of the new account is excluded from the calculation
- The balance of the new account is added to the non-assignment section
- The balance of the new account is not included in any section
- The balance of the new account is included in the calculation (correct)
Which of the following is NOT defined when configuring asset classes?
Which of the following is NOT defined when configuring asset classes?
- Posting key
- Transaction types
- Account determination
- Fiscal year variant (correct)
Which actions can you perform when editing a dunning proposal? (Select all that apply)
Which actions can you perform when editing a dunning proposal? (Select all that apply)
- Change the payment method
- Block an account (correct)
- Lower the dunning level of an item (correct)
- Raise the dunning level of an account (correct)
How does the system determine the correspondence type of a payment notice?
How does the system determine the correspondence type of a payment notice?
Which statements accurately describe extension ledgers in SAP S/4 HANA? (Select all that apply)
Which statements accurately describe extension ledgers in SAP S/4 HANA? (Select all that apply)
When posting integrated asset acquisitions in a system with three accounting principles, how many documents will be posted?
When posting integrated asset acquisitions in a system with three accounting principles, how many documents will be posted?
What does the 'non-assignment section' refer to when adding the balance of a new account?
What does the 'non-assignment section' refer to when adding the balance of a new account?
Which of the following is a method to block a line item in a dunning proposal?
Which of the following is a method to block a line item in a dunning proposal?
Which options are valid settlement receivers for an asset under construction on a line item basis? (Select two)
Which options are valid settlement receivers for an asset under construction on a line item basis? (Select two)
What are required checks during the year-end closing program in Asset Accounting? (Select two)
What are required checks during the year-end closing program in Asset Accounting? (Select two)
What steps are necessary to configure a new exchange rate type in SAP S/4 HANA? (Select two)
What steps are necessary to configure a new exchange rate type in SAP S/4 HANA? (Select two)
Which organizational unit is recommended for cost of sales accounting?
Which organizational unit is recommended for cost of sales accounting?
Which field can be altered after posting an invoice?
Which field can be altered after posting an invoice?
What types of items are NOT cleared by the automatic clearing program? (Select three)
What types of items are NOT cleared by the automatic clearing program? (Select three)
Which field is mandatory when posting a supplier invoice to a primary cost account in cost of sales accounting?
Which field is mandatory when posting a supplier invoice to a primary cost account in cost of sales accounting?
What aspect is shared between all deployment options for SAP S/4 HANA?
What aspect is shared between all deployment options for SAP S/4 HANA?
Which document dates are recognized as correct? (Select all that apply)
Which document dates are recognized as correct? (Select all that apply)
How can the system be set up to accommodate both US GAAP and IFRS foreign currency valuations?
How can the system be set up to accommodate both US GAAP and IFRS foreign currency valuations?
In a general ledger account with a foreign currency setting of CAD, which currencies can you post to this account?
In a general ledger account with a foreign currency setting of CAD, which currencies can you post to this account?
Which statements are valid for financial document number ranges? (Select all that apply)
Which statements are valid for financial document number ranges? (Select all that apply)
What are the maintenance levels of screen layout rules for asset master data? (Select all that apply)
What are the maintenance levels of screen layout rules for asset master data? (Select all that apply)
What parameter indicates that a line can only be dunned with restrictions?
What parameter indicates that a line can only be dunned with restrictions?
Which of the following is NOT a correct statement about asset master data maintenance levels?
Which of the following is NOT a correct statement about asset master data maintenance levels?
Which currency can be used for posting in a scenario where the company's currency is USD and the controlling area currency is EUR?
Which currency can be used for posting in a scenario where the company's currency is USD and the controlling area currency is EUR?
What are some of the key settings for configuring document splitting? Select two correct answers.
What are some of the key settings for configuring document splitting? Select two correct answers.
Which setting must be adjusted to prevent the inventory number from being copied when creating a new asset via copy?
Which setting must be adjusted to prevent the inventory number from being copied when creating a new asset via copy?
What organizational unit must you create for each legal entity in an international business setting?
What organizational unit must you create for each legal entity in an international business setting?
For which account can you perform account clearing in SAP S/4HANA?
For which account can you perform account clearing in SAP S/4HANA?
Which parameters can you specify directly when creating a new correspondence type? Select three correct answers.
Which parameters can you specify directly when creating a new correspondence type? Select three correct answers.
Which part do you need to define for each step of the substitution in Financial Accounting?
Which part do you need to define for each step of the substitution in Financial Accounting?
What must be ensured when configuring document types in SAP S/4HANA?
What must be ensured when configuring document types in SAP S/4HANA?
Which indicator must be removed to prevent copying of sub-numbers when duplicating an asset?
Which indicator must be removed to prevent copying of sub-numbers when duplicating an asset?
Which of the following are characteristics of payment notices sent to customers? (Select all that apply)
Which of the following are characteristics of payment notices sent to customers? (Select all that apply)
What are two key features of the Accrual Engine in SAP S/4 HANA?
What are two key features of the Accrual Engine in SAP S/4 HANA?
Which benefits are associated with data handling in SAP S/4 HANA? (Select all that apply)
Which benefits are associated with data handling in SAP S/4 HANA? (Select all that apply)
When defining a new document type for customer invoices in SAP, what is essential about the document number range?
When defining a new document type for customer invoices in SAP, what is essential about the document number range?
What is the purpose of the period interval 3 when defining open and closed periods in SAP?
What is the purpose of the period interval 3 when defining open and closed periods in SAP?
Which fields influence the automatic payment program in a financial accounting document? (Select all that apply)
Which fields influence the automatic payment program in a financial accounting document? (Select all that apply)
Which statement best describes the configuration of depreciation areas in SAP S/4 HANA?
Which statement best describes the configuration of depreciation areas in SAP S/4 HANA?
Which of the following statements about posting to special periods is correct?
Which of the following statements about posting to special periods is correct?
Study Notes
Asset Accounting
- Valid settlement receivers for assets under construction include Cost Center and Fixed Asset.
- Year-end closing checks in Asset Accounting include ensuring depreciation is fully posted and asset master data is complete.
- When posting integrated asset acquisitions for multiple accounting principles, the system will create separate documents for each principle.
General Ledger Accounting
- To configure a new exchange rate type, specify its purpose and set up transaction ratios between currencies.
- Extension ledgers in SAP S/4 HANA can have different currencies and fiscal year variants but can point to the same underlying ledger.
Accounts Payable & Accounts Receivable
- You can change the Special G/L indicator, Tax code, and Baseline date on a posted invoice.
- Automatic clearing does not clear items associated with value-added tax, withholding tax, or noted items.
Financial Closing
- In cost of sales accounting, a mandatory field when posting supplier invoices to a primary cost account is the Profitability Segment.
- Foreign currency valuation can be set up by defining two valuation areas linked to accounting principles.
Organizational Assignments and Process Integration
- The recommended organizational unit for cost of sales accounting is Profit Center.
- For setting up separate legal entities, you need to create a Company Code for each entity.
Document Management and Number Ranges
- Financial document number ranges defined at the client level should not overlap, and they can contain both letters and numbers.
- Document splitting settings include defining Document Type and Field Status Variant.
Dunning and Payments
- In dunning management, you can lower the dunning level, block an account, or raise the dunning level of an account.
- The automated payment program is influenced by factors like Payment Type, Terms of Payment, and Payment Method.
Configuration and Maintenance
- When configuring depreciation areas, the settings must ensure they meet the requirements for financial reporting.
- To prevent the inventory number from copying when creating a new asset, adjust the screen layout rules accordingly.
Data Handling in SAP S/4 HANA
- Benefits of data handling include real-time availability at line item detail and on-the-fly aggregation from line item tables.
Special Periods and Settings
- Period interval 3 is used for posting to special periods during financial closing procedures.
Customer Invoice Posting
- When defining new document types for customer invoices from non-SAP systems, you can use either internal or external number assignments, ensuring they are continuous.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
Related Documents
Description
Test your knowledge on key concepts in Asset Accounting, particularly related to settlement receivers and year-end closing processes in SAP S/4 HANA. This quiz will cover important aspects such as cost centers, profit centers, and fixed assets, ensuring you are well-versed in accounting principles.
