S4HANA Financial Accounting Associates Demo Questions
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S4HANA Financial Accounting Associates Sample Questions:
1. What are some of the benefits of the data handing in SAP S/4HANA? (2 correct)
A. The data is aggregated on the fly from any line item table.
B. The data is constantly auto archived to optimize memory usage.
C. The data is summarized into higher levels of aggregated to help system performance.
D. The data is available in real time at line item detail.
2. "You forget to add a new general ledger account to the financial statement version. What impact does this have on the net profit and net loss?"
A. The balance of the new account is added to the non-assigned section and is included in the calculation
B. The balance of the new account is added to the notes in the financial statement item section and is included in the calculation
C. The balance of the new account is added to the notes in the financial statement item section and is excluded from the calculation
D. The balance of the new account is added to the non-assigned section and is excluded from the calculation
3. For which account can you perform account clearing in SAP S/4HANA?
A. For any balance sheet account managed on a line item basis
B. For any account that is managed on an open item basis
C. For any G/L account defined as reconciliation account
D. For any account that is assigned to a financial statement version
4. "How do you configure depreciation areas in SAP S/4 HANA? " (2 correct)
A. Assign each accounting principle to a depreciation area
B. Ensure all depreciation areas always post to the general ledger
C. Assign depreciation area 01 to the leading ledger
D. Ensure a ledger group is assigned to each accounting principle
5. "Which documents are needed to complete the 3-way match in procurement transactions? " (3 correct)
A. Invoice Receipt
B. Goodes Receipt
C. Down payment request
D. Purchase Requisition
E. Purchase Order
6. Which of the following statements best describes how customer down payments are integrated with Sales & Distribution (SD)?
A. A down payment request is created as an SD sales order, which is automatically posted in FI as a noted item.
B. A down payment request is created as an FI noted item, which automatically generates as an SD billing document.
C. A down payment request is created as an SD billing document, which is automatically posted in FI as a noted item.
D. A down payment request is created as an FI noted item, which automatically generates as an SD sales order.
7. What is the order of configuration within SAP Financial Closing Cockpit?
A. Create template, create task list, create tasks, define dependencies, release task list
B. Create task list, release task list, define dependencies, create template, create tasks
C. Create template, create tasks, define dependencies, create task list, release task list
D. Define dependencies, create template, create tasks, create task list, release task list
8. "You must run the foreign currency valuation for both US GAAP and IFRS, which leads to different value for the 2 different accounting principles. How can you set this up in the system?"
A. Define two valuation methods and assign the ledger groups to the new valuation method.
B. Define two valuation ares and two accounting principles with reelevate links to ledgers.
C. Define two valuation methods and assign the accounting principles to the new valuation methods.
D. Define two valuation ares and two extension ledgers with relevant links to accounting principles.
9. "When is it possible to set the open item management indicator in a general ledger account " (2 correct)
A. When an account is set up as a reconciliation account
B. When an account has a zero balance
C. When an account is set up as balance sheet account
D. When an account is set up as a secondary cost element
10."Which closing activities are performed for external reporting as per SAP best practices? " (2 correct)
A. Regroup receivables and payables on the balance sheet.
B. Update product cost estimates with standard prices.
C. Run pla assessment cycles for profit centers.
D. Perform valuations of open items in foreign currency.
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