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Financial Accounting SAP Exam Questions and Complete Solutions Graded A+
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Financial Accounting SAP Exam Questions and Complete Solutions Graded A+
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FinancialAccounting SAP
Exam Questions
and Complete
Solutions Graded
Denning [Date] [Course title]
,Which steps are required to create a substitution in financial accounting? (3)
-Activate the substitution rule
-Assign the substitution rule to the controlling area
-Choose the area of applicable GL
-Define the substitution rule with its different steps using the formula editor
-Select the correct call-up point - Answer: -Activate the substitution rule
-Choose the area of application GL
-Define the substitution rule with its different steps using the formula editor
Which of the following are the month-end closing activities for external purposes? (3)
-Perform foreign currency valuations
-Close the old period
-Post goods issues for deliveries to customers
-Create external and internal reports - Answer: -Perform foreign currency valuations
-Close the old period
-Create external and internal reports
You need to use foreign currency valuation in the ledger solution. Which objects must you define in
customising? (3)
-Account determinations
-Value adjustment keys
-Simulation extension ledger
-Accounting principles
-Valuation areas - Answer: -Account determinations
-Accounting principles
-Valuation areas
,You define custom currency type Z1 for your company code. Which currency types must be stores in the
Data Entry view? (2)
-Company code currency
-Object currency
-Document currency
-Custom currency type Z1 - Answer: -Company code currency
-Document currency
Which of the following statements are valid for financial document number ranges? (3)
-Financial document number ranges must be defined for the year in which they are used. (3)
-The same financial document number range can be assigned to several document types
-All financial document number ranges can contain numbers and/or letters
-Financial document number ranges defined at client level should NOT overlap
-Financial document number ranges are defined at company code level - Answer: -The same financial
document number range can be assigned to several document types
-Financial document number ranges defined at client level should NOT overlap
-Financial document number ranges are defined at company code level
You need to define a new document type with a specific document number range to post customer
invoices via interface from a non-SAP system. How would you define the document number range? (1)
-You can use internal, external, or continuous number assignment.
-You have to use continuous number assignment.
-You have to use external number assignment.
-You have to use internal number assignment. - Answer: -You have to use external number assignment
, 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? (2)
-Special G/L indicators
-Paying company codes
-Payment terms
-Bank determination - Answer: -Paying company codes
-Bank determination
What are some of the benefits of SAP S/4HANA? (2)
-The data is available in real time at line item detail.
-The data is summarized into higher levels of aggregates to help system performance.
-The data is aggregated on the fly from any line item table.
-The data is analyzed after it is extracted and loaded in the reporting system. - Answer: -The data is
summarized into higher levels of aggregates to help system performance.
-The data is aggregated on the fly from any line item table.
Cleared items contain which of the following pieces of information? (2)
-Clearing document number
-Clearing date
-Due date
-Archival informatino - Answer: -Clearing document number
-Clearing date
Which parameters can you specify when you create a new correspondence type? (3)
-Document number required
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