At which levels do you choose between direct and indirect quotation? Note: There are 2 correct answers to this question.
- A . Exchange rate type
- B . Country
- C . Company code
- D . Client
Which of the following organizational elements can be shared by several company codes? Note: There are 3 correct answers to this question.
- A . Segment
- B . Business area
- C . Sales organization
- D . Plant
- E . Profit center
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? Note: There are 3 correct answers to this question.
- A . Primary costs resulting from a distribution
- B . Secondary costs resulting from an assessment
- C . Intercompany postings
- D . Budgeted costs for a cost center
- E . Plan depreciation amounts
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? Note: There are 3 correct answers to this question.
- A . Profitability segments
- B . Document splitting
- C . Segments
- D . Profit centers
- E . Business areas
At which level do you define functional areas?
- A . Controlling area
- B . Client
- C . Financial statement version
- D . Company code
Which currency types are defaulted in SAP S/4HANA? Note: There are 2 correct answers to this question.
- A . 30 = Group currency
- B . 20 = Controlling area currency
- C . 00 = Document currency
- D . 10 = Company code currency
You want to implement purchase order accruals in SAP S/4HANA.
Which of the following use cases are relevant? Note: There are 2 correct answers to this question.
- A . Purchase of raw materials for inventory
- B . Purchase of fixed assets (using direct capitalization method)
- C . Purchase of services
- D . Purchase of consumable materials
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? Note: There are 2 correct answers to this question.
- A . Posting period variant
- B . Fiscal year variant
- C . Operating chart of accounts
- D . Source currency for group currency
Your company structures its Profit & Loss (P&L) statement according to cost-of-sales accounting.
Which organizational unit do you need to define?
- A . Profit center
- B . Business area
- C . Segment
- D . Functional area
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?
- A . Business area
- B . Segment
- C . Profit center
- D . Company code
D
Explanation:
To meet legal requirements for financial statements in Switzerland, you need to create a separate company code for the permanent establishment there. A company code is the smallest organizational unit for which a complete self-contained set of accounts can be drawn up for purposes of external reporting. This includes recording all relevant transactions and generating necessary financial statements.
Here are the steps to create a company code in SAP S/4HANA:
Define Company Code:
Transaction Code: OX02
Path: IMG -> Enterprise Structure -> Definition -> Financial Accounting -> Edit, Copy, Delete, Check Company Code.
Enter a four-character alphanumeric code for the new company code and fill in the necessary details such as company name, city, country, currency, and language. Save the entries.
Assign Company Code to Company:
Transaction Code: OX16
Path: IMG -> Enterprise Structure -> Assignment -> Financial Accounting -> Assign company code to company.
Select the company code and assign it to the appropriate company.
Define Additional Settings:
Fiscal Year Variant: Define and assign a fiscal year variant suitable for Switzerland if it differs from your main fiscal year variant (Transaction Code: OB29 and OB37).
Field Status Variant: Assign field status variants to your company code to control the data entry for different fields (Transaction Code: OBC4 and OBC5).
Open and Close Posting Periods:
Transaction Code: OB52
Define the periods during which posting is allowed for the company code.
By creating a company code, you ensure that the financial transactions for the Swiss establishment are recorded separately, and the financial statements can be prepared as required by Swiss law.
Which object is used to directly support the preparation for consolidation?
- A . Segments/Profit Centers
- B . Functional Areas
- C . Ledgers/Ledger Groups
- D . Company/Trading Partner
Which of the following currency types can be defined for a specific ledger? Note: There are 3 correct answers to this question.
- A . 60 = Global company currency
- B . 00 = Document currency
- C . 40 = Hard currency
- D . 10 = Company code currency
- E . 30 = Group currency
In which scenarios is the technical clearing account posted? Note: There are 2 correct answers to this question.
- A . Asset transfer posting between asset classes
- B . Settlement of an investment order to an asset under construction
- C . Direct asset acquisition posting with a vendor invoice (not linked to a purchase order)
- D . Valuated goods receipt on a purchase order with an asset as account assignment
You post an unplanned depreciation to an asset.
What is the effect on FI-AA and FI-GL?
- A . Posting is done in FI-AA and in FI-GL online and in real time.
- B . Posting is done in FI-AA in real time and in FI-GL once the periodic posting program has run.
- C . Posting is done in FI-AA in real time and in FI-GL once the depreciation posting program has run.
- D . Posting is not done in FI-AA and in FI-GL until the depreciation posting program has run.
What are characteristics of depreciation area 01? Note: There are 2 correct answers to this question.
- A . It must be linked to leading ledger OL.
- B . It cannot take over values from other areas.
- C . It must always post in real time.
- D . It must be defined as a cost accounting valuation area type.
On which levels can you define the technical clearing account for Integrated Asset Acquisition in Customizing? Note: There are 2 correct answers to this question.
- A . Account determination
- B . Chart of Accounts
- C . Depreciation area
- D . Asset Class
You want to post depreciation costs of one asset to two cost centers.
How do you do this?
- A . You assign a statistical order in the asset master data which you settle periodically to two cost centers.
- B . You assign a real cost center and a statistical cost center in the asset master data.
- C . You assign a real internal order in the asset master data which you settle periodically to two cost centers.
- D . You assign two real cost centers in the asset master data.
You run the balance carry forward for your company code. When looking at the log you see there is an error with regards to.
What is the cause of the error?
- A . You have incomplete asset master records.
- B . You have not closed the previous fiscal year.
- C . You have not posted depreciation completely.
- D . You have not run the settlement for your assets under construction.
You define the technical clearing account for Integrated Asset Acquisition in Customizing.
Which prerequisites must be met? Note: There are 2 correct answers to this question.
- A . The account is a balance sheet account.
- B . The account is defined as open item managed.
- C . The account is defined in the account determination for each asset class.
- D . The account is defined as a reconciliation account for fixed assets.
On which levels do you define FI-AA account determination? Note: There are 2 correct answers to this question.
- A . Client
- B . Chart of depreciation
- C . Chart of accounts
- D . Company code
Your system uses parallel currencies.
What is the posting indicator of the depreciation area for the parallel currency?
- A . Does not post to G/L
- B . Posts to G/L in real time
- C . Posts APC real time and depreciation periodically
- D . Posts to G/L periodically
Which of the following objects is only a statistical account assignment for cost postings to an asset?
- A . Profit center
- B . Internal order
- C . Cost center
- D . WBS element
You post a vendor invoice for asset acquisition without reference to a purchase order.
Which accounting documents are generated?
- A . One document per accounting principle
- B . One document for all accounting principles
- C . One document per accounting principle & one document for all accounting principles
- D . Separate documents for each and every accounting principle
You have activated the WBS Element (not related to Investment Management) as an account assignment for with the parameters "balan sheet" and "identical" active.
What are the consequences? Note: There are 2 correct answers to this question.
- A . The WBS Element is available for input in the asset master record.
- B . The WBS Element from the asset master data can be changed during planned depreciation posting.
- C . The WBS Element can no longer be changed in the asset master record once the asset is capitalized.
- D . The WBS Element cannot be used anymore for settlement.
You perform the depreciation run for your assets. For a specific asset, you would like to post the depreciation costs to a different cost center than the one specified in the asset master data.
How do you achieve this?
- A . By changing the corresponding error into a warning via configuration
- B . By creating a substitution in Financial Accounting line items
- C . By removing the cost center from the asset master data
- D . By setting the "identical" parameter as not activated in the account assignment configuration
What can you achieve with the legacy data transfer in via transaction AS91?
- A . Setting the company code status for legacy data transfer
- B . Creation of master data
- C . Posting the summary write off in G/L
- D . Posting of take over values
What are the consequences of the activation of segment reporting in? Note: There are 2 correct answers to this question.
- A . The segment is automatically updated in existing asset master data.
- B . The segment appears in the screen layout for asset master data.
- C . The segment appears in the additional account assignment configuration.
- D . The segment activation can be reversed.
You try to assign an alternative account to a G/L account but receive an error message.
What can be the reason?
- A . You have not assigned the alternative chart of accounts to your operational chart of accounts.
- B . The alternative account has not been created for the company code.
- C . You have not assigned the alternative chart of accounts to your company.
- D . The alternative account is already assigned to another G/L account for the company code.
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?
- A . The sub-ledger accounts are shown in details in the general ledger view.
- B . An extension ledger has been configured.
- C . Document splitting has been activated.
- D . The sales tax is posted in details in the general ledger view.
What does the fiscal year variant define? Note: There are 2 correct answers to this question.
- A . The posting periods open for posting
- B . The number of posting periods
- C . The start and end date of posting periods
- D . The authorization to post to special periods