Question 01
SAP Financial Accounting has the task to meet legal requirements in a Country where the Company is doing business in, which contain which of the following main task(s)?
(multiple answers)
A) Allow the setting up of Company level Profit and Lost Statement and Balance Sheet for a Company to fulfill the legal requirements of a country.B) Allow the setting up of Business Area (BA) level Profit and Lost Statement and Balance Sheet for a Division of a Company to fulfill the legal requirements of a country.
C) Recording of monetary and value flows, as inventory valuation.
D) Offer financial postings presentations that meets financial reporting standards such as the US GAAP, and IFRS.
E) Ensure that the sub ledgers of Accounts Payable and Accounts Receivables are always reconciled with the General Ledger.
Question 02
Which of the following are valid SAP General Ledger Account Types?
(multiple answers)
A) Cash Account (Bank Reconciliation Account).B) Non-operating Expense or Income
D) Asset.
E) Secondary Costs.
Question 03
The _________________ ensure that the sub ledgers of Accounts Payable and Accounts Receivables are always reconciled with the General Ledger.
(only one answer)
A) Reconciliation Account.B) Provision Account.
C) Control Account.
D) Sub ledger Account.
E) GR/IR Account.
Question 04
SAP ____________ is the central database table in SAP S/4HANA that consolidates all financial and management accounting data into a single source of truth. It replaces the separate tables of previous SAP versions, integrating financial data with other components like Controlling, Fixed Assets, and Material Ledger.
(multiple answers)
A) Material Ledger (ML).B) G/L for HANA.
C) Universal Journal.
D) Unified General Ledger (UGL).
E) Central Financial Object (CFO).
Question 05
The Simplified Data Model for SAP S/4HANA Finance maps which of the following classic FICO components in a Central Table called ACDOCA?
(multiple answers)
A) Asset Accounting.B) Material Ledger.
C) Profit Center Accounting.
D) General Ledger.
E) Cost Center Accounting.
Question 06
Secondary Cost Elements are used for which of the following purpose?
(multiple answers)
A) To track the internal flow of costs for allocations.B) Overhead calculations.
C) Cross component posting from General Ledger to Accounts Payable or Accounts Receivables.
D) Internal activities, without creating a corresponding entry in the external financial ledger.
E) Offers flexibility of posting from FI-G/L to CO as well as internal flow of costs allocation within CO.
Question 07
The two data segments of the G/L Master data record are which of the following?
(multiple answers)
A) General data segment.C) Company Code data segment.
D) Company Code and Controlling data segment.
E) Controlling data segment.
Question 08
Which of the following are TRUE about Operating Chart of Account?
(multiple answers)
A) Chart of Accounts is used for the daily postings in the company code and cannot be used for postings in the controlling area.B) It is possible to assign two additional Chart of Accounts to the same Company Code in addition to the Operating Chart of Accounts.
C) The same Chart of Accounts can be assigned to more than one Company Codes.
D) Each Company Code can be assigned with only one Operating Chart of Accounts.
E) A Company Code can be assigned with more than one Operating Chart of Accounts if it is a Group Company.
Question 09
Which of the following can be assigned directly to the Cost Center master?
(multiple answers)
A) Functional Area.B) Profit Center.
C) Business Area.
D) Cost Center Hierarchy Node.
E) Segment.
Question 10
The Internal Order can be assigned or used for which of the following account assignment scenarios?
(multiple answers)
A) Sales Quotation.B) Purchase Requisition assignment.
C) Journal Entry.
D) Assigned to the Material Master Accounting data view for Consumable Materials.
E) Settlement rule for Project system.
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