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NEW QUESTION 36
The country that your company code operates in has defined a new VAT tax rate percentage of 15%, which will become effective at the star of the next fiscal year. You create the new VAT codes 05 and 15 to cover this requirement.
How can you ensure that users use the new tax codes when entering tax relevant documents starting next year?
- A. Enter the appropriate new VAT code in the tax category field of the relevant expense and revenue G/L accounts after balance carry forward is done
- B. Create a validation that issues an error when the user uses a deprecated VAT code when entering documents with posting data in the new year
- C. Create a substitution that changes the deprecated VAT code when relevant new one when entering documents with posting data in the new year
- D. Enter the new tax codes as default for users who have authorization to post general ledger transactions after balance carry forward is done
Answer: B
NEW QUESTION 37
You want to create a substitution in Financial Accounting.
Which parts do you have to define for each step of the substitution?
Note: There are 2 correct answers to this questions.
- A. Callup point
- B. Check statement
- C. Substitution values
- D. Prerequisite statement
Answer: C,D
NEW QUESTION 38
Financial Closing
"You want to post journal entries in a special period.
Which conditions must be met?
Note: There are 2 correct answer to this question."
- A. The special period must be open for posting in the period control.
- B. You must enter a posting date in the last posting period.
- C. The last posting period must be open for posting in the period control.
- D. The balance carry-forward to the new fiscal year must have taken control.
Answer: B,C
NEW QUESTION 39
Asset Accounting
"Which of the following are valid settlement receivers when you perform settlement for an asset under construction on a line Item basis?
Note: There are 2 correct answers to this question."
- A. Cost center
- B. Fixed asset
- C. Functional area
- D. Profit center
Answer: A,B
NEW QUESTION 40
How does an automatic intercompany asset transfer work?
- A. determines the relationship type automatically, using the company ID
- B. It determines the relationship type automatically, using the company code
- C. It does NOT allow a transfer to happen within a single legal entity
- D. It assumes that the transfer happens between two independent legal entities
Answer: D
NEW QUESTION 41
For which account can you perform account clearing in SAP S4/HANA?
- A. For any account that is managed on an open item basis
- B. For any balance sheet account managed on a line item basis
- C. For any account that can be posted in foreign currency
- D. For any G/L account defined as a reconciliation account
Answer: D
NEW QUESTION 42
Which parameter indicates that a line can be dunned only with restrictions?
- A. Dunning block reason
- B. Dunning area
- C. Dunning grouping
- D. Dunning Key
Answer: D
NEW QUESTION 43
Financial Closing
"You perform foreign currency valuation for open items of your supplier accounts. The valuations will be used only for period end reporting and should then be reversed.
What account does the system use to post the valuation differences?"
- A. Adjustment G/L account for foreign currency
- B. Individual supplier accounts with special G/L indicator
- C. Supplier reconciliation G/L account
- D. Alternative reconciliation G/L account
Answer: A
NEW QUESTION 44
On which levels can you maintain field status controls for business partners (BP)?
Note: There are 2 correct answers to this questions.
- A. BP category
- B. Company code
- C. BP role
- D. BP type
Answer: C,D
NEW QUESTION 45
For which special G/L indicator do you specify a target special G/L indicator?
- A. Bill of exchange
- B. Guarantee given
- C. Customer down-payment
- D. Vendor down-payment request
Answer: D
NEW QUESTION 46
You perform foreign currency valuation for open items of you supplier accounts. The valuations will be used only for period end reposting and should them be reversed. What account does the system use to post the valuation differences?
- A. Adjustment G/L account for foreign currency
- B. Individual supplier accounts with special G/L indicator
- C. Supplier reconciliation G/L account
- D. Alternative reconciliation G/L account
Answer: A
NEW QUESTION 47
which characteristics maps the business partner to the customer and supplier account groups?
- A. Business partner grouping
- B. Business partner account group
- C. Business partner view
- D. Business partner role
Answer: A
NEW QUESTION 48
Which of the following steps do you typically perform during a payment run with the automatic payment program?
Note: There are 2 correct answers to this questions.
- A. Define maximum amounts to be paid per supplier.
- B. Rank bank accounts for payment.
- C. Review the payment proposal exception list.
- D. Maintain open item selection parameters.
Answer: C,D
NEW QUESTION 49
Which information is part of the Bank Master Data?
Note: There are 2 correct answers to this questions.
- A. Data Medium Exchange (DME) details
- B. Information for electronic payment transactions
- C. Address details
- D. Control data
Answer: C,D
NEW QUESTION 50
General Ledger Accounting
"Besides using the profit center, which options dose General Ledger Accounting with document splitting provide to assign a segment to the posting line?
Note: there are 2 correct answers to this question."
- A. Standard account assignment using constants
- B. Badi implementation (FAGL_DERIVE_SEGMENT)
- C. Assignment of default segments to G/L accounts
- D. Definition of validation rules
Answer: B,D
NEW QUESTION 51
You are configuring asset-related postings of depreciation areas in Asset Accounting. Which of the following settings is "NOT" permitted?
- A. Area posts depreciation only
- B. Area does not post
- C. Area posts revaluation only
- D. Area posts in real time
Answer: C
NEW QUESTION 52
"Organizational Assignments and Process Integration "
"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. Assign the substitution rule to the controlling area.
- D. Select the correct call-up point.
- E. Specify an authorization group.
Answer: B,C,E
NEW QUESTION 53
General Ledger Accounting
"You are responsible for configuring document splitting.
What are some of the ky settings?
Note There are 2 correct answer to this question."
- A. Document type
- B. Business transaction variant
- C. Document number range
- D. Field status variant
Answer: A,B
NEW QUESTION 54
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