Udemy Practice Set 2

1. Which of the following statements is correct for external number assignment(manual

-> The number is entered by the user.

2. On which levels can you activate document splitting?

-> 1. Client Level

2. Company code level

3. When items are't automatically assigned for intercompany reconcilliaton(ICR), how do you
perform reconcilliation?

-> 1. Use an automated assignment rule.

2. Match items manually.

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

-> 1. IT Cost saving

2. Always up to date.

5. Which of the following lists support the dunnings clerk's work?

-> 1. The dunning list

2. The dunning history list

3. The blocked accounts list.

6. You need to define a new document type with a specific document number range to post
customer invoices via interface from non-sap system how would you define the document

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number range?

-> You have to use external number assignment.

7. When can you set the open item management indicator in a general ledger account?

-> 1. When an account is required for clearing.

2. When an account has a zero balance.

8. Where do you indicate that useful life of the asset-sub-number is identical to the useful life of
the main asset?

-> In the screen layout of the depreciation area.

9. What do you define in payment terms?

-> 1. Due date specificaition

2. Tolerance days

10. What are the differances between holding and parking documents?

-> 1. The parked document can trigger workflow processes.

2. The held document doesn't have a document number assigned.

11. In an asset main number in Asset Accounting, which information can be different between
international GAAP and local GAAP?

-> 1. Depreciation start date

2. Net book value.

12. Your company code is assigned to a leading leger, two additonal legers, and one extension

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ledger. How many carryforwards must be executed?

-> 4

13. What is the main deffrentiating factor of posting a manual accural document compared to
other manual transaction?

-> Reversal reason

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

-> 1. Refrence number

2. Document header text

15. On which database is SAP S/4 HANA built to run?

-> Ony on SAP HANA

16. What is the name of the leading ledger that sap provides with the standard system?

-> 0L

17. How many cash discount periods can be entered in the terms of payment?

-> 3

18. What do you define in customizing for the payment program?

-> 1. Bank determination

2. Allowed currencies

3. Forms of the payment media.

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19. You customer performs pre-closing activities on the last day of the month. Which activities
are typically executed during pre-closing?

-> 1. Process bad debt expenses for accounts payable.

2. Post recurring entries for the general ledger

3. Perform forgien currency valuation for accounts payable.

20. How is a normal reversal for a financial accounting document performed?

-> By increasing the transaction amount, reversal posting is performed.

21. Which of the following accounts can you perform account clearing in SAP S/4 HANA?

-> Accounts managed on an open item basis.

22. Which of the following is a common element to both SAP S/4 HANA cloud and on-premises
deployment options?

-> 1. Code line

2. Data model

3. User experience

23. The usage of which of the following depreciation types can be activated per depreciaition
area?

-> 1. Unplanned depreciation

2. Ordinary depreciation

3. Special depreciaition

24. The derivation of profit centre can happen through assignments to which objects?

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-> 1. Fixed asset assignment

2. Material assignment

3. Cost centre managment

25. Which is the most flexible SAP S/4 HANA Cloud solution for customers?

-> Private Option

26. Which of the following statements apply to the special general ledger types of noted itesm?

-> 1. Noted items are posted to an alternative reconciliation account.

2. No posting are made on an offsetting account.

3. No zero-balalnce is made in the system.

27. Which of the following statements best describe how core data services (CDS) are
developed?

-> They are developed in ABAP layer of SAP S/4 HANA system by the IT user.

28. You are asked to explain the assets under counstrucutin fuctionanlity in SAP S/4 HANA.
What should you higlight?

-> 1. It is possible to post credit memos, even after assets under construction are fully
capatalized.

2. It is possible to post special tax depreciation and investment support for assets under
construction.

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

-> 1. Check to see if the goods were invoiced by the key date, but have not yet been delivered.

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

30. In your system, you currently perform manual outgoing payments and you want to use the
automatic payment program. Which settings must you maintain as part of the configuration of
the automatic payment program?

-> 1. Paying company code

2. Bank determination.

31. Your customer wants the values for a special group of assets to be shown seperately in the
general ledger. Which objects do you create in Customizing for asset accounting?

-> 1. Asset class

2. Account determination key.

32. In a valuation method, which of the following is not a valuation approach for foriegn
currency valuation?

-> High rate of intrest principle.

33. Which SAP technological product provides the platform required for SAP to support the
digital transformation of an organization?

-> SAP HANA

34. Which fields can you edit before a posting a parked document?

-> 1. Amount

2. Posting Date

3. Account

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35. The SAP HANA database relies on which of the following technologies for storing data?

-> 1. Compression

2. In-memory

3. Column store

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

-> Bank posting of a recieved document.

37. Which fields can be changed before the unposted document is posted?

-> 1. Amount

2. Posting Date

3. Account

38. On which organization unit level do you define a chart of deprecaition?

-> Client.

39. Identify the call up points that have been provided for Financial Accounting(FI).

-> 1. Document Line

2. Complete document

3. Document header

40.You want to define a validation for the combination of ledger account and cost centre. For
what point of call is this validation defined?

-> Document line

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41. Which of the following procedures are avilalble to check the balance of receivables and
payables in the balance confirmation?

-> 1. Balance request

2. Balance confirmation

3. Balance notification.

42. After you collect data in intercompany reconcililation tool, What are the next steps in
reconciliation process?

-> 1. Store the data.2. Present reconciled and non-reconciled data. 3. Communicate differences.
4. Post the correction document.

43. What are the features of the Accural Engine in SAP S/4 HANA?

-> 1. All currencies of general ledger are supported.

2. The fical year variant of the general ledger is supported.

44. What types of data are maintained for a house bank?

-> 1. Data Medium Exchange (DME) details.

2. General ledger account.

45. Which tasks are stages of dunning execution?

-> 1. Maintain the dunning parameters.

2. Schedule the dunning run.

46. Which is the first step in the procedure of making down payments in the customer area?

-> Down payment request.

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47. For reporting purposes, your client would like to present information about customer
posting that are NOT reflected in the G/L Which special G/L type do you recommend?

-> Noted items

48. Which of the following are the steps of Intercompany reconciliation?

-> 1. Manual reconciliation and communication.

2. Automatic assignment of documents

3. Document selection and data storage.

49. Which of the following paramenters can be defined in the dunning settings?

-> 1. Number of dunning levels

2. Line item grace periods.

50. Which data model is used for SAP S/4 HANA?

-> Online transactional processing(OLTP) & online analytical processing(OLAP) both running on a
single system.

51. Which of the following fiels are related to the depreciation area in the asset master record?

-> 1. Scrap value

2. Useful life

3. Depreciation start

52. Which of the following conditions determines the correspondence type for payment advice?

-> According to the reason code, all reason codes use the same correspondence type.

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53. Which of the following original managment accounting objects can you assign in the asset
master record?

-> 1. Activity type

2. Internal order

3. Cost centre

54. Which closing activities are used in external reporting as per SAP best practices?

-> 1. Perform valuations of open items in forign currency.

2. Reclassify recievables and payables.

55. How does the system behave when an invoice is processed as a residual payment?

-> The orignal document and payment are cleared.

56. What steps are required to create a substituion in financial accounting?

-> 1. Activate the substituion rule.

2. Define the substituion rule with its different steps using the formula editor.

3. Select the correct call point.

57. Which of the following statements best describe how a customer down payment is
performed by Sales and Distribution(SD)?

-> After the down payment request is posted as an SD order, it is automatically posted to FI as a
noted item.

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

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-> 1. General data at client level

2. Sales area

3. Company code

59. You are responsible for configuring document splitting. What are some of the key settings?

-> 1. Document type

2. Business transaction variant.

60. Which of the following methods does the depreciaition key define?

-> 1. Multilevel method

2. Base method

3. Period control method

61. What kind of customization can users do on their launchpad?

-> 1. Change the name of tile groups.

2. Create their own tile groups.

62. Which of the following dates do you use to determine the depreciation start date?

-> Starting date.

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

-> Passive document splittig

64. You need to define a validation for the combination of G/L accounts and profit centres.

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Which call point should this validation be defined for?

-> Line item

65. Which prerequisite must be met by the technical cleraing account for integrated asset
acquistion?

-> The account is a reconciliation balance sheet account for fixed assets.

66. When posting a purchase order, for which of the following expenses can be carried out by
accural?

-> 1. Consulting fee

2. Insurance premium

67. 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?

-> 1. Posting date

2. Entry date

3. Document date.

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