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Becoming an SAP Certified Application Associate in SAP S/4HANA for Financial Accounting can be a valuable asset for professionals working in the finance industry. SAP Certified Application Associate - SAP S/4HANA for Financial Accounting Associates (SAP S/4HANA 2020) certification validates the candidate's expertise in SAP S/4HANA Financial Accounting and can enhance their career opportunities. SAP Certified Application Associate - SAP S/4HANA for Financial Accounting Associates (SAP S/4HANA 2020) certification also demonstrates the candidate's commitment to their profession and their willingness to keep up with the latest technology trends and advancements.
NEW QUESTION # 34
What account types can you use to classify general ledger accounts in SAP S/4HANA? There are 3 correct answers to this question.
- A. Non-operating expense or income
- B. Reconciliation accounts
- C. Balance sheet
- D. Secondary costs
- E. Field status group
Answer: A,C,D
NEW QUESTION # 35
What are some of the benefits of the data handling in SAP S/4HANA? Note: There are 2 correct answers to this question.
- A. The data is analyzed after it is extracted and loaded in the reporting system.
- B. The data is summarized into higher levels of aggregates to help system performance.
- C. The data is available in real time at line item detail.
- D. The data is aggregated on the fly from any line item table.
Answer: C,D
NEW QUESTION # 36
True or False: The only version of the public cloud edition of SAP S/4HANA a customer can be on is the latest released version.
Response:
- A. True
- B. False
Answer: A
NEW QUESTION # 37
What are the pillars of the SAP Fiori user experience paradigm?
Note: There are 3 correct answers to this question.
- A. Role-based
- B. Responsive
- C. User-based
- D. Vibrant
- E. Simple
Answer: A,C,E
Explanation:
Explanation
https://www.sothis.tech/en/sap-fiori-ux-what-and-why/
NEW QUESTION # 38
Which of thefollowing statements apply to the special general ledger types of noted items? Choose the correct answers. 2
- A. The account for the offsetting entry is selected automatically.
- B. No postings are made on an offsetting account.
- C. Noted items are posted to an alternative reconciliation account.
- D. No zero balance check is made in the system.
- E. No special general ledger indicators of your own can be created of this type.
Answer: B,C
NEW QUESTION # 39
What sort of special general ledger types exist? Choose the correct answers.2
- A. Free offsetting entries
- B. Other types
- C. Automatic offsetting entries (statistical)
- D. Final payments
- E. Noted items
Answer: C,E
NEW QUESTION # 40
In your system, you currently perform manual outgoing payments and want to use the automatic payment program. Which settings must you maintain as part of the configuration of the automatic payment program. NOTE: 2 answers to this question
- A. Payjng company codes
- B. Payment terms
- C. Bank determination
- D. Special G / L indicators
Answer: A,C
NEW QUESTION # 41
The dunning run is made up of three main steps that happen in a particular sequence. What is the correct sequence of steps?
- A. Dun line items
- B. Dun account
- C. V
- D. Account selection
Answer: D
NEW QUESTION # 42
The variant principle is used in SAP S/4HANA to assign particular properties to one or more objects. How many steps does the variant principle have? Choose the correct answer.
- A. 0
- B. 1
- C. 2
- D. 3
Answer: A
NEW QUESTION # 43
You are configuring accrual types for the accrual engine. For which postings is account determination required?
There are 2 correct answers to this question.
Response:
- A. Opening and Closing Posting only
- B. Opening Posting only
- C. Closing Posting only
- D. Periodic only
Answer: B,D
NEW QUESTION # 44
You have to run the foreign currency valuation for both US GAAP and IFRS, which leads to different values for the two different accounting principles.
How can you set this up in the system?
- A. Define a valuation area and extension ledger to link with the new valuation area
- B. iDefine two valuation methods and assign the accounting principles to the new valuation methods
- C. Define two valuation areas and two accounting principles with relevant links to ledgers
- D. Define a valuation area and ledger group for two ledgers to link with the new valuation area
Answer: B
NEW QUESTION # 45
The variant principle is used in SAP S/4HANA to assign particular properties to one or more objects. How many steps does the variant principle have?
Please choose the correct answer.
Response:
- A. 0
- B. 1
- C. 2
- D. 3
Answer: A
NEW QUESTION # 46
You want to make the Reference Document Number field required for entry. Which object controls this setting? Please choose the correct answer.
- A. Document reference key
- B. Document type
- C. Document posting key
- D. Document field status
Answer: B
NEW QUESTION # 47
You are starting the fiscal year-end process in Asset Accounting in SAP S / 4HANA. What are the year-end closing programchecks for Asset Accounting? There are 2 correct answers to this question.
- A. Fixed asset fiscal year changes is complete.
- B. The general ledger and subledgers are closed
- C. Assets are complete and error free
- D. Depreciation is posted in full
Answer: C,D
NEW QUESTION # 48
Where do you indicate that the useful life of the asset sub-number is identical to the useful life of the main asset?
- A. In the account determination of the asset class
- B. In the screen layout of the depredation area
- C. In the screen layout of the asset master record
- D. In the asset master record of the main asset
Answer: B
NEW QUESTION # 49
What is the purpose of the reorganization of segments?
There are 2 correct answers to this question.
Response:
- A. Enables segment derivation.
- B. Enables segment reassignments.
- C. Enables merge of segments.
- D. Enables segment deletion.
Answer: B,C
NEW QUESTION # 50
In your SAP S/4HANA system, you report financial values for three separate accounting principles.You post an acquisition for an asset that is capitalized in a single accounting principle.
If you use the application to post integrated asset acquisitions, how many documents will the system post?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: A
NEW QUESTION # 51
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