Question. 1  

What items are NOT cleared by the automatic clearing program?  Note: There are 3 correct answers to this question. 

A. Items with sales and use tax 

B. Items with value-added tax  

C. Noted items  

D. Statistical postings 

E. Items with withholding tax  

Answers C D E 

Question. 2  

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

A. Balance sheet adjustments must be posted.  

B. Ledger balances must be carried forward. 

C. Foreign currency valuation must be posted.  

D. Accruals must be posted.  

Answers B

Question. 3  

You are starting the fiscal year-end process in Asset  Accounting in SAP S/4HANA. What are the year-end closing  program checks for Asset Accounting? Note: There are 2 correct  answers to this question. 

A. Asset master data is complete and without errors.  B. The fixed asset fiscal year change is complete. C. Depreciation is posted in full for all assets. 

D. Posting periods are closed for asset G/L accounts.  Answers A C 

Question. 4  

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

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

B. Financial document number ranges defined at client level  should NOT overlap. 

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

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

E. Financial document number ranges are defined at company  code level.  

Answers A C E 

Question. 5  

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

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

B. Select activation level 2. 

C. Select the correct call-up point.  

D. Specify an authorization group.  

E. Assign the substitution rule to the controlling area. Answers A C E

Question. 6  

How does the system perform the normal reversal of a journal  entry? 

A. It creates an inverse posting by resetting the transaction  figures. 

B. It creates the inverse posting of a cleared document before  resetting it. 

C. It creates an inverse posting by increasing the transaction  figures. 

D. It creates an inverse posting by decreasing the transaction  figures. 

Answers C 

Question. 7  

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

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

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

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

D. Asset number ranges are defined at chart of depreciation  level. 

Answers A C 

Question. 8  

How do you identify an asset master record as an asset under  construction? 

A. The asset belongs to a specific asset class. 

B. The ordinary depreciation start date is empty. C. The depreciation key is empty. 

D. The asset capitalization date is empty. 

Answers A 

Question. 9  

What does the document splitting functionality do? 

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

B. It enables the automatic creation of additional posting  documents for each defined splitting characteristic. 

C. It enriches all customer and vendor line items with the  defined splitting characteristics in the relevant subledgers. 

D. It enables the automatic creation of an additional posting  document in case the original document contains more than 999  line items. 

Answers A 

Question. 10  

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? 

A. Configure depreciation keys and calculation keys. B. Define depreciation areas for each category of legacy asset. C. Define a depreciation area to transfer all the legacy data. D. Define asset classes and maintain their attributes. Answers A