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What difference between the ledger approach and the accounts approach to parallel valuation in Asset Accounting?

A.

Unlike the ledger approach in the accounts approach, you assign a separate set of accounts for each accounting principle

B.

Unlike the ledger approach in the accounts approach, you maintain additional depreciation areas to post the delta valuation of each accounting principle

C.

Unlike the ledger approach in the accounts approach, you define a technical clearing account for integrated asset ^ acquisitions

D.

Unlike the ledger approach in the accounts approach, you assign a ledger group to every depreciation area

Which statements best describe a profit center?

Note: There are 2 correct answers to this questions.

A.

It is an object for which separate balance sheet and P&L statements can be created, whether segments are being maintained or not.

B.

It is the only object from which segments can be uniformly derived.

C.

It is an object for which separate balance sheet and P&L statements are ,created only when used in conjunction segments.

D.

It is the only object that can be uniformly derived using segments.

You must 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 two valuation methods and assign the ledger groups to the new valuation methods

B.

Define two valuation area and assign and two extension ledgers with relevant links to accounting principles

C.

Define two valuation methods and assign the accounting principles to the new valuation methods

D.

Define two valuation area and assign and two accounting principles with relevant links to ledgers

What does the document splitting funtion do?

Note: There are 2 correct answers to this questions.

A.

It enriches all relevant balance sheet account lines with the defined splitting characteristics.

B.

It ensure that you can create complete financial reports per profit center if it is required by the business.

C.

It enable the automatic creation of additional posting documents for each defined splitting characteristics.

D.

It enriches all customer and vendor line items with the defined splitting characteristics in the relevant subledgers.

You have been asked to set up house banks as part of the implementation.

What information do you need?

Note: There are 3 correct answers to this questions.

A.

Company code

B.

Payment method

C.

Bank master data

D.

Bank control key

E.

General ledger account

On which levels can you maintain field status controls for business partners (BP)?

Note: There are 2 correct answers to this questions.

A.

Company code

B.

BP role

C.

BP type

D.

BP category

How do you configure depreciation areas in SAP S4/HANA?

Note: There are 2 correct answers to this questions.

A.

Ensure a ledger group is assigned to each accounting principle

B.

Assign depreciation area 01 to the leading ledger

C.

Assign each accounting principle to a depreciation area

D.

Ensure all depreciation areas always post to the general ledger

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.

Alternative reconciliation G/L account

B.

Individual supplier accounts with special G/L indicator

C.

Supplier reconciliation G/L account

D.

Adjustment G/L account for foreign currency

Which of the following statement best describes how customer down payments are integrated with Sales & Distribution (SD)

A.

A dowm payment request is created as an SD sales order, which is automatically posted in FI as a noted item.

B.

A dowm payment request is created as a SD billing document, which is automatically posted in FI as a noted item.

C.

A dowm payment request is created as an FI noted item, which automatically generates an SD billing document.

D.

A dowm payment request is created as an FI noted item, which automatically generates an SD sales order.

You are configuring asset-related posting of depreciation areas in Asset Accounting for a company code that uses the ledger approach to parallel valuation.

Which of the following setting would lead to an error?

A.

Area posts depreciation only

B.

Area posts APC immediately, depreciation periodically

C.

Area posts in real time

D.

Area posts not post