Which of the following statements 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 sub ledger and the general ledger.

Which prerequisites must be fulfilled to allow for negative postings of journal entries? Note: There are 2 correct answers to this question

The company code must allow negative postings

The reversal reason must be configured to allow negative postings

The posting key must allow negative postings.

The reversal accounts must be configured to allow negative postings

What are the characteristics of a company in SAP S/4HANA? Note: There are 2 correct answers to this question.

It is considered for consolidation.

It can be assigned to a company code.

It is responsible for costs and revenues within an organization.

It represents separate areas of operation within an organization.

You are a group cash manager interested in the North American business market. What are the personalization options available to you in SAP Fiori? Note: There are 2 correct answers to this question.

You can create a tile group with all the apps required for your daily business for easy access.

You can create an app to take you directly to the cash position of the North American business market.

You can adapt the Launchpad colour theme according to predefined values for the cash report.

You can manage user access to relevant apps for the North American accounts payable group that reports to you.

When can you set the open item management indicator in a general ledger account? Note: There are 2 correct answers to this question.

When an account is required for clearing

When an account has a zero balance

When an account is used as a reconciliation account

When an account is set up as a cost element

At what level is the bank master data stored in SAP S/4HANA?

At the credit control area level

You are responsible for implementing Asset Accounting. You are provided with the legacy data of various assets and their Grouping information based on classifications, useful life, and depreciation terms. What configuration step would you initiate to maintain these categories in SAP S/4HANA?

Copy the chart of depreciation and maintain depreciation area to transfor all legacy data.

Define general ledger accounts per each category of legacy asset.

Define asset classes and maintain their attributes.

Configure depreciation keys and calculation keys.

Which of the following statements are valid for financial document number ranges? Note: There are 3 correct answers to this question

Financial document number ranges are defined at company code level.

Financial document number ranges must be defined for the year in which they are used.

The same financial document number range can be assigned to several document types.

Financial document number ranges defined at client level should not overlap

All financial document number ranges can contain numbers and/or letters.

How does SAP S/4HANA support the treatment of taxes? Note: There are 3 correct answers to this question.

It checks the tax amount entered and automatically calculates the tax.

It posts the tax amount to tax accounts.

It performs tax adjustments for cash discounts and other forms of deductions.

It checks the tax codes and automatically updates the tax rates based on changes by the tax authorities.

It adjusts the tax codes and automatically updates the procedure.

Which statements best describe extension ledgers in SAP S/4HANA? Note: There are 2 correct answers to this question.

Multiple extension ledgers can point to the same underlying ledger.

Extension ledgers can be assigned their own posting period variant.

Extension ledgers can be assigned their own fiscal year variant.

Extension ledgers can have different currencies than the underlying ledger.

What are key reasons for preferring a new implementation of SAP S/4HANA rather than a system conversion from SAP ERP? Note: There are 2 correct answers to this question

You want to deploy SAP S/4HANA Cloud.

You want to clean up your system and use SAP Best Practices.

You want to use document splitting for the General Ledger.

You want to integrate the system to SAP Cloud Platform.

What can you control with the reason code in Accounts Receivable? Note: There are 3 correct answers to this question

The type of payment notice sent to a customer.

The exclusion of disputed residual items from credit limit checks.

The account where a residual item is posted.

The special GL indicator for the down payment.

The document type of the payment.

What does the document type control? Note: There are 2 correct answers to this question.

Which account types are allowed for postings

Whether negative postings are permitted

Whether exchange rate differences are permitted

Which posting keys are allowed for postings.

For which account can you perform account clearing in SAP S/4HANA?

For any account that is managed on an open item basis.

For any GL account defined as reconciliation account.

For any account that is managed on a line item basis.

What are the features of the Accrual Engine in SAP S/4HANA? Note: There are 2 correct answers to this question.

All currencies of the general ledger are supported.

The fiscal year variant of the general ledger is supported.

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

All accrual calculations must be reviewed and approved before posting.

You want to post journal entries in a special period. Which conditions must be met? Note: There are 2 correct answers to this question

You must enter a posting date in the last posting period.

The special period must be open for posting in the period control.

The balance carry-forward to the new fiscal year must have taken place.

The last posting period must be open for posting in the period control.

What is the difference between the ledger approach and the accounts approach to parallel valuation in Asset Accounting?

In the accounts approach, you assign a separate set of accounts for each accounting principle, unlike the ledger approach.

In the ledger approach, you assign a ledger group to every depreciation area, unike the accounts approach.

In the ledger approach, you maintain additional depreciation areas to post the delta valuation of each accounting principle, unike the accounts approach.

In the accounts approach, you define a technical clearing account for integrated asset acquisitions, unike the ledger approach.

Which of the following is a technical year-end closing activity in SAP S/4HANA?

Ledger balances must be carried forward.

Balance sheet adjustments must be posted.

Profit center carry-forward must be posted.

Foreign currency valuation must be posted.

What do you need to do to configure a new exchange rate type in SAP S/4HANA? Note: There are 2 correct answers to this question.

Set up the relationship between currencies using translation ratios.

Specify a purpose for the exchange rate type

Specify the company code currency as the base currency.

Which of the following steps do you typically perform for a payment run with the automatic payment program? Note: There are 2 correct answers to this question

Review the payment proposal exception list.

Maintain open item select on parameters.

Rank bank accounts for payment.

Define maximum amounts to be paid per supplier.

How can you perform transfers of assets between company codes with different charts of depreciation?

Configure the cross-company depreciation areas in Customizing.

Enter depreciation area mapping during intercompany transfer posting.

Assign the group chart of depreciation to the relevant fixed assets.

Correct the depreciation area assignment in the asset master record after posting.

Which of the following should you consider when defining asset number ranges? Note: There are 2 correct answers to this question

Each asset class can have either an internal or external number range.

Asset number ranges are defined for asset classes and are company code specific.

Each asset number range must be assigned to a unique asset class.

Asset number ranges are defined at chart of depreciation level.

How does the system determine the correspondence type of a payment notice?

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

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

Which closing activities are performed for external reporting as per SAP best practices? Note: There are 2 correct answers to this question

Perform valuations of open items in foreign currency

Regroup Receivables and payables on the balance sheet.

Update product cost estimates with standard prices

Run plan assessment cycles for profit centers.

What does the document splitting functionality do?

It enriches all relevant balance sheet account lines with the defined splitting characteristics.

It enriches all secondary cost element account lines with the defined splitting characteristics.

It enriches all revenue account lines with the defined splitting characteristics.

It enriches all profit and loss account lines with the defined splitting characteristics.

Which steps are required to create a substitution in Financial Accounting? Note: There are 3 correct answers to this question

Define the substitution rule with its different steps using the formula editor.

Select the correct call-up point.

Choose the area of application GL.

Assign the substitution rule to the controlling area.

TS4FI TEST 1

Authored by Steven Bằng

Professional Development

Used 2+ times

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79 questions

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MULTIPLE SELECT QUESTION

1 min • 1 pt

You want to create a substitution in Financial Accounting. Which parts do you have to define for each step of the substitution? Note: There are 2 correct answers to this question

Prerequisite

Check

Message

Replacement

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the purpose of period interval 3 when you define open and closed periods?

Posting to special purpose ledger

Posting from CO to FI

Posting to special periods

Authorization control for posting periods

MULTIPLE SELECT QUESTION

1 min • 1 pt

You want to edit a dunning proposal. Which actions can you perform? Note: There are 3 correct answers to this question.

Change a document

Block a line item

Change the dunning data of an account

Lower the dunning level of an item

Block an account

MULTIPLE CHOICE QUESTION

1 min • 1 pt

For which special G L indicator do you specify a target special GL indicator?

Customer down payment

Bill of exchange

Vendor down payment request

Guarantee given

MULTIPLE SELECT QUESTION

1 min • 1 pt

What are some of the benefits of the data handling in SAP S/4HANA? Note: There are 2 correct answers to this question

The data is summarized into higher levels of aggregates to help system performance.

The data is analysed after it is extracted and loaded in the reporting system.

The data is available in real time at line item detail.

The data is aggregated on the fly from any line item table.

MULTIPLE SELECT QUESTION

1 min • 1 pt

What dunning-related data do you maintain on the business partner master record? Note: There are 2 correct answers to this question

Dunning Area

Dunning interval

Dunning key

Dunning Block

MULTIPLE SELECT QUESTION

1 min • 1 pt

You are asked to explain how assets under construction work in SAP S/4HANA. What should you highlight? Note: There are 2 correct answers to this question.

It is possible to calculate and post depreciation in the balance sheet depreciation area for assets under construction.

It is impossible to use assets under construct on with Investment Management.

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

It is possible to post credit memos, even after assets under construction are fully capitalized.

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TS4FI TEST 1

You want to create a substitution in Financial Accounting. Which parts do you have to define for each step of the substitution? Note: There are 2 correct answers to this question

What is the purpose of period interval 3 when you define open and closed periods?

You want to edit a dunning proposal. Which actions can you perform? Note: There are 3 correct answers to this question.

For which special G L indicator do you specify a target special GL indicator?

What are some of the benefits of the data handling in SAP S/4HANA? Note: There are 2 correct answers to this question

What dunning-related data do you maintain on the business partner master record? Note: There are 2 correct answers to this question

You are asked to explain how assets under construction work in SAP S/4HANA. What should you highlight? Note: There are 2 correct answers to this question.

You have been asked to set up house banks as part of the implementation. What information do you need? Note: There are 3 correct answers to this question.

Which of the following statements best describe a noted item? Note: There are 2 correct answers to this question.

Which prerequisites must be fulfilled to allow for negative postings of journal entries? Note: There are 2 correct answers to this question

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