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| Section | Objectives |
|---|---|
| Financial Accounting Fundamentals in SAP S/4HANA | - General Ledger Accounting
|
| Financial Closing Operations | - Year-End Closing
|
| Integration with SAP S/4HANA Modules | - Controlling (CO) Integration
|
| Asset Accounting | - Asset Transactions
|
| Reporting and Analysis | - SAP Fiori Reporting Tools
|
1. In an asset main number in Asset Accounting, which information can be different between international
GAAP and local GAAP?
There are 2 correct answers to this question.
Response:
A) Deprecation start date
B) Capitalization date
C) Asset class
D) Net book value
2. What is the first step in the reconciliation process?
Response:
A) Present reconciled and non-reconciled data
B) Collect data from different companies
C) Communicate differences
3. What fields do you have to enter to make a document reversal? (There are two correct answers.)
A) Reversal Reason
B) Posting Date
C) Document Date
D) Document Type
4. When a payment in foreign currency clears the amount of the invoice exactly in the foreign currency but
in the local currency is more than the invoiced amount, what does the system do?
A) Post to profit from exchange rate differences.
B) Adjust the local currency amount to clear the invoice exactly.
C) Leave the amount as an open item to be reconciled with open amounts in the future.
D) Return the difference back to the customer.
5. What checks can you perform from the Audit Journal report? (There are three correct answers.)
A) Display journal entry warnings
B) Check multireferenced invoices
C) Check gaps in journal entry numbering
D) Display journal entry changes
E) Check nonbalancing accounts
Solutions:
| Question # 1 Answer: A,D | Question # 2 Answer: B | Question # 3 Answer: A,B | Question # 4 Answer: A | Question # 5 Answer: B,C,D |
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