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NO.22 General Ledger Accounting
“What are the characteristics of a company in SAP S/4HANA?
Note: There are 2 correct answers to this question.”

It represents separate areas of operation within an organization.

It is considered for consolidation.

It can be assigned to a company code.

It is responsible for costs and revenues within an organization.

NO.23 General Ledger Accounting
“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 this account?”

You can post to the account in any currency and it will be converted into CAD.

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.

NO.24 How do you configure depreciation areas in SAP S4/HANA?
Note: There are 2 correct answers to this questions.

Ensure a ledger group is assigned to each accounting principle

Assign depreciation area 01 to the leading ledger

Assign each accounting principle to a depreciation area

Ensure all depreciation areas always post to the general ledger

NO.25 Accounts Payable & Accounts Receivable
“Which of the following statemens best describe a noted item?
Note: There are 2 correct answers to this question”

It can be used to remind the user about due payments

It can be accessed by the payment program

It has an automatic statistical offsetting entry

It updates the subledger and the general ledger

NO.26 Besides using the profit center, which options does General Ledger Accounting with document splitting provide to assign a segment to the posting line? Note: There are 2 correct answers to this question.

Standard account assignment using constants

Configuration of the derivation logic with derivation sequence and steps

BAdl implementation (FAGL_DERIVE_SEGMENT)

Definition of validation rules

NO.27 Asset Accounting
“What do you define when configuring asset classes?
Note: There are 3 correct answers to thia question.”

Account determination

Number ranges

Screen layout rules

Transaction types

Posting keys

NO.28 A general ledger account is defined with the account type “Nonoperating Expense or Income” Where can this account be used?

Profit and loss account that is used in margin analysis

Profit and loss account that is used in margin analysis and profit center accounting

Profit and loss account that is used in overhead management accounting

Profit and loss account that is used in profit center accounting

NO.29 Which parameter indicates that a line can be dunned only with restrictions?

Dunning grouping

Dunning Key

Dunning block reason

Dunning area

NO.30 In your SAPS/4HANA system, you want to archive the G/L accounts that are not used by the business in any company code. What are prerequisites to archiving all data of a G/L account?
Note: There are 3 correct answers to this questions.

Set the deletion flag in the company code data of the G/L account.

The account is not used in any automatic account determination.

Transactional figures are older than a customizable amount of years.

Set the deletion flag in the chart of accounts data of the G/L account.

There are no transaction figures for the account.

NO.31 General Ledger Accounting
“You are getting ready to post your first simple general ledger document using the SAP fiori app for posting in a test environment.
What configuration items do you need to set up to post a simple document?
Note: There are 2 correct answers to this question. “

The posting period variant must be created and assigned.

Number range and document types must be maintained.

User must be assined to a tolerance group.

Line item text templates must be maintained.

NO.32 What items are NOT cleared by automatic clearing program?
Note: There are 3 correct answers to this questions.

Items with- sales and use tax

Statistical postings

Items with withholding tax

Noted items

Items with value-added tax

NO.33 Which of the following steps do you typically perform during a payment run with the automatic payment program?
Note: There are 2 correct answers to this questions.

Define maximum amounts to be paid per supplier.

Review the payment proposal exception list.

Maintain open item selection parameters.

Rank bank accounts for payment.

NO.34 “Organizational Assignments and Process Integration “
“You are running an international business and you want to separate legal entities to run operations and perform accounting activities.
Which organizatinal unit do you need to create for each legal entity?”

Business Area

Consolidation Unit

Company

Company Code

NO.35 You are getting ready to post you first simple general ledger document using the SAP Fiori app for posting in the test environment.
What configuration items do you need to set up to post a simple document?
Note: There are 2 correct answers to this questions.

Line item text templates must be maintained

The posting period variant must be created and assigned

Number range and document types must be maintained

Automatic account determination must be maintained

NO.36 Accounts Payable & Accounts Receivable
“Which parameters can you specify directly when you create a new correspondence type?
Note: There are 3 correct answers to this question.”

Account required

Document number required

Reason code required

Number of date fields required

Company code required

NO.37 Accounts Payable & Accounts Receivable
How does the system determine the correspondence type of a payment notice?

According to the reason code, as long as all the reason code carry the same correspondence type.

According to the reason code, as long as all the tolerance groups carry the same correspondence type.

According to the tolerance group, as long as all the tolerance groups carry the same correspondence type.

According to the tolerance group, as long as all the reason code carry the same correspondence type.

NO.38 General Ledger Accounting
At what level is the bank master data stores in SAP S/4 HANA?

At the system level

At the client level

At the company code level

At the financial management (FM) area level

NO.39 What are the features of the Accrual Engine in SAP S/4HANA?
Note: There are 2 correct answers to this questions.

All accrual calculations must be reviewed and approved before posting.

Accrual postings with a maximum of two line items are supported.

All currencies of the general ledger are supported.

The fiscal year variant of the general ledger is supported.

NO.40 Asset Accounting
Which date is used to determine the depreciation start date?

Document date

Asset value date

Posting date

Baseline date

NO.41 Which of the following are valid settlement receives, when you perform settlement for an asset under construction, on a line item basis?
Note: There are 2 correct answers to this questions.

Profit center

Fixed asset

Cost center

Functional area

NO.42 Accounts Payable & Accounts Receivable
For which special G/L indicator do you specify a target special G/L indicator?

Bill of exchange

Vendor down payment request

Customer down payment

Guarantee given