Questions and Answers of Fundamentals Of Financial Accounting 7th Edition

True or False: A customer account can be defined as the clearing account for cross-company-code postings. A. True B. False
True or False: A negative posting reversal debits the credit line items and debits the credit line items of the original document. A. True B. False
What fields do you have to enter to make a document reversal? (There are two correct answers.) A. Document Type B. Document Date C. Posting Date D. Reversal Reason
Which of the following fields can be configured as changeable in a document header? A. Document Type B. Posting Date C. Document Date D. Document Reference
Which date defines the period a document can be posted to? A. Document date B. Valuation date C. Posting date D. Entry date
Your company code is assigned to two standard ledgers and one extension ledger. You post an invoice with one expense line item with a 10% VAT (sales)tax. How many line items are updated in the
Your company code is assigned to two standard ledgers and one extension ledger. You post an invoice with one expense line item with a 10% VAT (sales)tax. How many line items are posted in the
Which document splitting setting for the segment characteristic will ensure that no document line will be posted without a segment? A. Inheritance B. Zero balance C. Mandatory field D. Passive
What do you define for a tax code? (There are two correct answers.) A. Tax percentage rates B. Fixed tax amount C. Tax-relevant accounts D. Valid tax types
What can you control with the tolerance group? (There are three correct answers.) A. Maximum amount per open item B. Maximum amount per document C. Maximum permitted payment differences D.
What does the posting key define? (There are two correct answers.) A. Account type B. Document type C. Tax code D. Debit or credit line
How many custom currency types can you assign to a company code/ledger combination? A. 6 B. 8 C. 10 D. 12
What is defined with the fiscal year variant? (There are two correct answers.) A. Open and closed fiscal periods B. Start and end dates of the calendar year C. Start and end dates of the fiscal
True or False: SAP S/4HANA comes preconfigured with common accounting principles and corresponding accounting rules and checks assigned. A. True B. False
True or False: You can use an extension ledger to depict a separate accounting principle. A. True B. False
True or False: When using the accounts approach to parallel valuation for mapping to accounting principles, you’ll essentially double the general ledger accounts in the chart of accounts. A. True
You indicate that you’re posting to the ledger group of an extension ledger.How many ledgers are updated? A. Only the extension ledger B. The extension ledger and the underlying ledger C. The
True or False: When you create a new standard ledger from scratch, it’s assigned to all company codes by default. A. True B. False
You have to map two accounting principles for accounting. Using the accounts approach to parallel valuation in SAP S/4HANA, which ledger must you use? A. No ledger B. Leading ledger C. Extension
What is the relationship between accounts of the operating chart of accounts and the local chart of accounts? A. One operating account to many local accounts B. Many operating accounts to one local
True or False: If you maintain a single value for the retained earnings account, then for any P&L general ledger account you create, the P&L statement account type is assigned automatically. A.
What is the secondary cost general ledger account type used for? A. To post to two cost controlling account assignments at the same time B. To post activities that aren’t from the main businesses
When creating a general ledger account and there are conflicting field statuses, which field status has the highest priority? A. Display B. Optional C. Suppress D. Required
Which fields in the company code definition of a general ledger account are always required? (There are two correct answers.) A. Sort Key B. Account Currency C. Field Status Group D. Group Account
True or False: With the block indicator set on the chart of accounts, you can no longer perform postings to the company codes assigned. A. True B. False
Which objects can define the maximum length of a general ledger account?(There are two correct answers.) A. Chart of accounts B. Field status group C. Account type D. Account group
What types of chart of accounts are there? (There are three correct answers.) A. Organizational chart of accounts B. Country chart of accounts C. Functional chart of accounts D. Operational chart
True or False: To integrate financial accounting with purchasing, you must assign the purchasing organization to the company code. A. True B. False
True or False: You assign the operating concern used for profitability analysis directly to the company code. A. True B. False
For which of the following account assignments can you configure the system to create complete balance sheet reports? (There are three correct answers.) A. Cost center B. Profit center C. Segment
Which of the following organizational units are part of the enterprise structure of financial accounting? (There are three correct answers.) A. Functional area B. Operating concern C. Business
True or False: You need to assign the workflow variant to a company code to be able to perform standard workflow scenarios such as parked document approvals. A. True B. False
Which of the following assignments can be adjusted for the company code?(There are three correct answers.) A. Company B. Fiscal year variant C. Segment D. Chart of accounts E. Leading ledger
What are the three basic steps required to define a new company code? (There are three correct answers.) A. Adjust global parameters B. Copy existing company code C. Copy existing controlling
What can you manually select to copy when you copy a company code? (There are three correct answers.) A. Controlling area assignment B. User profiles and roles C. General ledger account data D.
True or False: You can install as many SAP Best Practices packages as needed in the same client. A. True B. False
What types of objects are maintained separately per client? (There are three correct answers.) A. Master data B. ABAP programs C. Organizational units D. Transactional data E. Function modules
Your customer operates 20 company codes in 10 different countries and three continents. What is the minimum number of clients you must configure in the SAP S/4HANA system to depict this scenario? A.
You use the search in your SAP Fiori launchpad to loop up information for a cost center. What kind of app is used for the information shown in the search results? A. Transactional B. Factsheet C.
Which of the following are SAP Fiori design principles? (There are two correct answers.) A. Role-based B. Routine C. Rational D. Responsive
What kind of customizations can users make to their SAP Fiori launchpads?(There are two correct answers.) A. Change the name of tile groups. B. Create their own tile groups. C. Change the names of
True or False: Anyone with an appropriate user name and password can log on to the SAP Fiori launchpad through a web browser. A. True B. False
Where can an SAP Fiori end user change the theme of his SAP Fiori launchpad? A. In the User Menu of the SAP Fiori launchpad B. In the Tile Catalog area of the SAP Fiori launchpad designer C. In
A user wants to add an app to his SAP Fiori homepage but can’t find it in the app finder. What does the admin have to do? A. Assign the corresponding SAP Fiori tile group to the user. B. Assign
True or False: The only version of the SAP S/4HANA Cloud, public edition, a customer can be on is the latest released version. A. True B. False
True or False: Choosing between SAP S/4HANA and SAP S/4HANA Cloud, public edition, is also a matter of required scope and Customizing flexibility. A. True B. False
What technology did SAP leverage to eliminate aggregate tables from the SAP S/4HANA system while maintaining compatibility with many legacy programs? A. Columnar store B. Compatibility views C.
Which of the following product lines does the SAP S/4HANA system rely on for procurement functions? A. SAP Concur B. SAP SuccessFactors C. SAP Ariba D. SAP C/4HANA
True or False: SAP S/4HANA replaces SAP ERP, and development and support are shifted completely to it. A. True B. False
SAP HANA makes extensive use of which high-speed hardware technology to offer more speed? A. Read-only memory B. Solid-state drives (SSDs) C. Graphics processing units (GPUs) D. Multicore CPUs
True or False: In an environment of systems using SAP HANA, you can perform both OLAP and OLTP processing without duplication of the data for the SAP BW and SAP ERP systems. A. True B. False
Data in the SAP HANA database is stored in which two ways? (There are two correct answers.) A. Random B. Vector C. Column D. Row
The SAP HANA database relies on which of the following technologies for storing data? (There are three correct answers.) A. In-memory B. Aggregation C. Indexing D. Columnar store E. Compression
True or False: SAP S/4HANA (on premise) can be deployed on a cloud infrastructure. A. True B. False
You want to develop a substantial enhancement for the purchase-to-pay process in your SAP S/4HANA system. Where does SAP recommend you perform this enhancement? A. SAP Analytics Cloud B. SAP Fiori
Which SAP technological products provide the platform required for SAP to support the digital transformation of an organization? A. SAP HANA B. SAP Data Intelligence C. SAP Fiori D. SAP Business
Describe the basic SAP Fiori app type?
Explain the SAP Fiori design pillars?
Choose the relevant deployment option for SAP S/4HANA?
Describe the scope of financials for SAP S/4HANA?
Review basic SAP HANA technology?
Understand the role of the SAP Business Technology Platform and intelligent technologies?
Describe the SAP framework for the digital enterprise?
Explain the SAP strategy for digital transformation?
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