Pressbook Chapter 5

12. What checks can you perform from the Audit Journal app? (There are three correct answers.) A. Check gaps in journal entry numbering B. Check nonbalancing accounts C. Display journal entry changes D. Check multireferenced invoices E. Display journal entry warnings

A. Check gaps in journal entry numbering C. Display journal entry changes E. Display journal entry warnings

9. In SAP S/4HANA, on which levels can you maintain open posting periods? (There are two correct answers.) A. Controlling area B. Segment C. Posting period variant D. Fiscal year variant

A. Controlling area C. Posting period variant

6. Which object hierarchies can you maintain with the Manage Global Accounting Hierarchy app? (There are three correct answers.) A. Cost center B. Internal order C. Segment D. Profit center E. Functional area

A. Cost center D. Profit center E. Functional area

3. Which of the following are default items assigned to every financial statement version? (There are three correct answers.) A. Liabilities and equity B. Profit and loss results C. Liquid funds D. Assets E. Noted items

A. Liabilities and equity B. Profit and loss results D. Assets

25. When items aren't automatically assigned for intercompany reconciliation (ICR), how do you perform reconciliation? (There are two correct answers.) A. Match items manually. B. Use an automated assignment rule. C. Export line item reports for each affiliate. D. Use SAP Leonardo machine-learning algorithms.

A. Match items manually. B. Use an automated assignment rule.

7. In the trial balance report that is based on line items, how many fields can you select to report on? A. More than 100 B. Around 50 C. Fixed for 10 D. More than 500

A. More than 100

15. How can you select to post accrual amounts when customizing the accrual engine? (There are two correct answers.) A. Post delta amounts B. Post foreign currencies C. Post closed periods D. Post full amounts

A. Post delta amounts D. Post full amounts

22. Which type of stock is best suited to a moving average price (MAP) valuation? A. Raw materials B. Work in process (WIP) C. Finished goods D. Third party

A. Raw materials

21. What are the reasons to perform regrouping of receivables and payables?(There are three correct answers.) A. To display receivables and payables separately B. To group payables and receivables based on the due dates C. To align amounts on accounts with changed reconciliation accounts D. To simplify and speed up dunning selection processing E. To prioritize balance confirmation printing by postal code

A. To display receivables and payables separately B. To group payables and receivables based on the due dates C. To align amounts on accounts with changed reconciliation accounts

2. True or False: You can define the financial statement version without assigning a specific chart of accounts to it. A. True B. False

A. True

18. You use the lowest-value valuation method with active delta logic. Your open item was posted at 200 units of foreign currency, which originally translated to 100 units of local currency, and in the previous period it was 98 units. In the preceding foreign currency valuation run, the program posted a value of -1 currency units. What was the value in local currency units at the time of valuation? A. 99 B. 97 C. 101 D. 98

B. 97

5. What kind of automated checks are available for the financial statement version? (There are two correct answers.) A. Check for duplicate item keys B. Check for accounts assigned to one side only C. Check the financial statement notes for non-noted item accounts D. Check for incorrectly assigned accounts

B. Check for accounts assigned to one side only D. Check for incorrectly assigned accounts

16. Which process is automated with purchase order accruals, compared to manual accruals with the accrual engine? A. Start accrual run B. Create accrual object C. Create opening posting D. Breakdown accrual amount

B. Create accrual object

14. True or False: You can adjust a recurring entry before each run to account for price updates on purchases. A. True B. False

B. False

19. True or False: You can post a simulation run for the leading ledger to analyze the effects of the currency valuation on your profit and loss standings. A. True B. False

B. False

24. True or False: Each task in the SAP S/4HANA Financial Closing cockpit can have exactly one prerequisite task assigned to it. A. True B. False

B. False

4. True or False: You can assign general ledger accounts to any item level in the financial statement version hierarchy. A. True B. False

B. False

13. What is the main differentiating factor of posting a manual accrual document compared to other manual transactions? A. Reference field B. Reversal reason C. Document type D. Transaction type

B. Reversal reason

1. Why might you define options to have manually allocated item keys for the financial statement version? A. To be able to assign the same key to two multiple objects B. To be able to enter an explanatory text for the item key C. To be able to define if you want to summarize at the item level D. To be able to assign functional areas to the items

B. To be able to enter an explanatory text for the item key

8. How many separate period intervals are there to control open posting periods? A. 1 B. 2 C. 3 D. 4

C. 3

10. A maximum of how many special/valuation periods can be open at the same time? A. 1 B. 2 C. 4 D. 16

C. 4

11. Your company code is assigned to a leading ledger, two additional normal ledgers, and one extension ledger. How many carryforwards must be executed? A. 1 B. 3 C. 4 D. 8

C. 4

20. Flat-rate individual value adjustments are valid for which types of accounts? A. Assets B. Supplier C. Customer D. Materials

C. Customer

23. For which of the following tasks must you always indicate manual task completion? A. Programs B. Transactions C. Notes D. Flow definitions

C. Notes

17. To which object do you assign valuation methods? A. Valuation procedure B. Account assignment C. Accounting principle D. Valuation area

D. Valuation area