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Quiz on MIO, created by lizette armenta montaño on 22/11/2019.
lizette armenta montaño
Quiz by lizette armenta montaño, updated more than 1 year ago
lizette armenta montaño
Created by lizette armenta montaño about 5 years ago
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Resource summary

Question 1

Question
Identify the fields that cannot be changed while changing parked documents. There are 3 correct answers to this question.
Answer
  • Company code
  • Account assignment objects
  • Document type or document number
  • Currency

Question 2

Question
You want to configure the tax calculation procedures. What are the main elements you need to define? There are 3 correct answers to this question
Answer
  • Condition type
  • Tax code
  • Country key
  • Sequence of steps
  • Account or transaction key

Question 3

Question
For general ledger account posting, which one of the following standard posting keys is for debit? Please choose the correct answer.
Answer
  • 01
  • 40
  • 50
  • 31

Question 4

Question
Which is the first step in the procedure of making down payments in the customer area? Please choose the correct answer.
Answer
  • Down payment received
  • Clearing
  • Customer invoice
  • Down payment request

Question 5

Question
Which data do you define on the bank master record? Note: There are 2 correct answers to this question.
Answer
  • Payment and dunning information
  • A unique bank country
  • Address data and control data
  • Corresponding business area

Question 6

Question
What type of architecture does SAP Business Workflow use? Please choose the correct answer.
Answer
  • Two-tier
  • Three-tier
  • Single-tier
  • Four-tier

Question 7

Question
What should you check if the balance of the GR/IR account is not zero at the purchase order item level on the balance sheet key date? There are 2 correct answers to this question.
Answer
  • Check to see if the goods were ordered by the key date, but have not been received.
  • Check to see if the goods were delivered by the key date, but have not yet been invoiced.
  • Check to see if the goods were produced by the key date, but have not been invoiced.
  • Check to see if the goods were invoiced by the key date, but have not yet been delivered.

Question 8

Question
Which of the following retirement types is referred to as scrapping?
Answer
  • Partial retirement without revenue and without customer
  • Unplanned depreciation of remaining value
  • Complete integrated asset retirement
  • Complete retirement with revenue but without customer

Question 9

Question
In the integrated scenario for down payments, in what step of the process do you enter the down payment information?
Answer
  • Down payment monitoring
  • Purchase order creation
  • Goods receipt creation
  • Invoice verification

Question 10

Question
You want to make the Reference Document Number field required for entry. Which object controls this setting? Please choose the correct answer.
Answer
  • Document type
  • Document field status
  • Document posting key
  • Document reference key

Question 11

Question
You want to configure the default baseline date for the payment terms of an incoming invoice. From which date can you derive the baseline date? There are 3 correct answers to this question.
Answer
  • Document date
  • Goods receipt date
  • Entry date
  • Value date
  • Posting date

Question 12

Question
How can you perform transfers of assets between company codes with different charts of depreciation? Please choose the correct answer.
Answer
  • Assign the group chart of depreciation to the relevant fixed assets.
  • Enter depreciation area mapping during intercompany transfer posting.
  • Correct depreciation area assignment in the asset master record after posting.
  • Configure the cross-company depreciation areas in customizing.

Question 13

Question
Which of the following lists support the dunning clerk’s work? There are 3 correct answers to this question.
Answer
  • The dunning list
  • The list of vendor balances in local currency
  • The dunning history list
  • The blocked accounts list

Question 14

Question
What is the order of configuration within the SAP Financial Closing cockpit? Please choose the correct answer
Answer
  • Create template, create tasks, define dependencies, create task list, release task list
  • Create template, create task list, create tasks, define dependencies, release task list
  • Define dependencies, create template, create tasks, create task list, release task list
  • Create task list, release task list, define dependencies, create template, create tasks

Question 15

Question
Identify the callup points that have been provided for Financial Accounting (FI). There are 3 correct answers to this question.
Answer
  • Controlling area
  • Document line
  • Document header
  • Complete Document
  • Organizational unit

Question 16

Question
What must you do when you set up depreciation areas?
Answer
  • Define the relevant asset classes for each depreciation area
  • Assign leading depreciation area 01 to leading ledger OL.
  • Assign an accounting principle for each depreciation area.
  • Define the valid depreciation keys for each depredation area.

Question 17

Question
Which of the following product lines does the SAP S/4HANA system rely on for most human resource management functions? Please choose the correct answer
Answer
  • Concur
  • SAP Ariba
  • SAP SuccessFactors
  • SAP Hybris

Question 18

Question
On which level are asset classes created?
Answer
  • Client
  • Depreciation area
  • Chart of depreciation
  • Company code

Question 19

Question
You need to perform mid-year legacy system migration for assets in a new company code. Which data must you migrate? Note; There are 3 correct answers to this question.
Answer
  • Closed year asset sale transactions
  • Current year posted depreciation
  • Current year asset acquisition transactions
  • Fully depreciated fixed asset master records
  • Accumulated depreciation per cost center

Question 20

Question
You have a debit amount of 50 and credit amount of 80 as balance on an account. This account is assigned to the assets side in a financial statement version, with the debit indicator and the credit. How is this shown on the balance sheet?
Answer
  • The balance is shown on the liabilities side
  • 50 is shown on the liabilities side and 80 is shown on the assets side.
  • The balance is shown on the assets side.
  • 0 is shown on the assets side and 30 is shown on the liabilities side.

Question 21

Question
After you collect data in the Intercompany Reconciliation tool, what are the next steps of the reconciliation process? Please choose the correct answer.
Answer
  • 1. Store the data 2. Present reconciled and non-reconciled data 3. Communicate differences. 4. Post the correction documents.
  • 1. Post the correction documents. 2. Store the data. 3. Present reconciled and non-reconciled data. 4. Communicate differences.
  • 1. Store the data. 2. Present reconciled and non-reconciled data. 3. Post the correction documents. 4. Communicate differences.
  • 1. Present reconciled and non-reconciled data 2. Post the correction documents 3. Store the data. 4. Communicate differences

Question 22

Question
What does the document splitting do? Please choose the correct answer.
Answer
  • It enriches all revenue account lines with the defined splitting characteristics.
  • It enriches all profit and loss account lines with the defined splitting characteristics.
  • It enriches all relevant balance sheet account lines with the defined splitting characteristics.
  • It enriches all secondary cost element account lines with the defined splitting characteristics.

Question 23

Question
Which edition of SAP S/4HANA introduced the universal journal? Please choose the correct answer
Answer
  • SAP Business Suite powered by SAP HANA
  • SAP S/4HANA Finance 1503
  • SAP S/4HANA 1511
  • SAP S/4HANA Cloud

Question 24

Question
What checks does the year-end closing program (RAJABSOO) perform? There are 2 correct answers to this question.
Answer
  • Last fiscal year has been updated.
  • Depreciation and asset balances are posted in full.
  • Assets are complete and error-free
  • Depreciation lists and the asset history sheet have been checked.

Question 25

Question
What are the two phases of AuC that are relevant to Asset Accounting? There are 2 correct answers to this question
Answer
  • Under-construction phase
  • Useful life phase
  • Accounting phase
  • Assets transfer phase

Question 26

Question
For which type of account is the line item display generally active? Please choose the correct answer.
Answer
  • Customer account
  • Special general ledger account
  • Reconciliation account
  • Vendor account

Question 27

Question
Which of the following are standard correspondence types? Note: There are 3 correct answers to this question.
Answer
  • Payment notice
  • Document journal
  • Payment proposal
  • Account statement
  • Open items list

Question 28

Question
What are some of the personalization options available to users in their SAP Fiori launchpad environment? There are 3 correct answers to this question.
Answer
  • Users can add applications for filtered report results.
  • Users can add new devices from the catalog assigned to them.
  • Users can remove devices that they do NOT use.
  • Users can add applications from the catalog assigned to them
  • Users can remove applications that they do NOT use.

Question 29

Question
You have been asked to set up house banks as part of the implementation. What information do you need? There are 3 correct answers to this question
Answer
  • Bank master data
  • Supplier account
  • Company code
  • Payment method
  • General ledger account

Question 30

Question
Which of the following information is entered in the chart of accounts segment of a G/L account? There are 3 correct answers to this question.
Answer
  • Control fields
  • Currency fields
  • Consolidation fields
  • Account number

Question 31

Question
The SAP HANA database relies on which of the following technologies for storing data? There are three correct answers
Answer
  • In-memory
  • Indexing
  • Aggregation
  • Compression
  • Columnar store

Question 32

Question
You are getting ready to post your first simple general ledger document using the SAP Fiori app for posting in a test environment. What configuration items do you need to set up to post a simple document? There are 2 correct answers to this question.
Answer
  • Posting period variant must be created and assigned.
  • Line item text templates must be maintained.
  • Number range and document types must be maintained.
  • Tax types and tax codes must be maintained.

Question 33

Question
How many posting period intervals in SAP S/4HANA are used for postings of Financial Accounting (FI) and Controlling (CO)?
Answer
  • 2
  • 3
  • 12
  • 16

Question 34

Question
What do you define in payment terms? Note: There are 2 correct answers to this question.
Answer
  • Cash discount
  • Tolerance days
  • Due date specification
  • Posting key

Question 35

Question
What kind of customization can users do on their launchpad? There are 2 correct answers to this question.
Answer
  • Change the icons on tiles
  • Change the names of tiles.
  • Create their own tile groups.
  • Change the name of tile groups

Question 36

Question
What do you define when you create a new document type? Note: There are 2 correct answers to this question.
Answer
  • Posting keys for the document type
  • Account types allowed for posting
  • Reasons for reversal
  • Number range for the document type

Question 37

Question
Which General Ledger account type do you select to perform activity cost allocations?
Answer
  • Primary costs or revenue
  • Secondary costs
  • Non-operating expense or income
  • Balance sheet

Question 38

Question
What are the characteristics of a company in SAP S/4HANA? There are 2 correct answers to this question.
Answer
  • It represents separate areas of operation within an organization.
  • It is considered for consolidation.
  • It is responsible for costs and revenues within an organization.
  • It can be assigned to a company code.

Question 39

Question
Which activities are supported by the regrouping program of receivables and payables? Note: There are 2 correct answers to this question.
Answer
  • Regrouping and clearing open items for affiliated companies on customers and vendors
  • Grouping receivables and payables by their remaining life
  • Regrouping open items based on changed reconciliation accounts
  • Regrouping of receivables and payables to accrual earnings or expense

Question 40

Question
Which of the following parameters can be changed on a timedependent basis? There are 3 correct answers to this question.
Answer
  • Variable depreciation portion
  • Depreciation start date
  • Useful life (year or period)
  • Depreciation key

Question 41

Question
Which deployment option do you recommend to customers who want to always be on the latest release of SAP S/4HANA?
Answer
  • SAP S/4HANA Finance
  • SAP S/4HANA on-premise
  • SAP S/4HANA Cloud
  • SAP S/4HANA with Central Finance

Question 42

Question
A general ledger account has a foreign currency setting of CAD. The company code currency is USD. The controlling area currency is EUR. Which currencies can you post to in this account? Please choose the correct answer.
Answer
  • You can only post to the account in CAD, USD, and EUR.
  • You can only post to the account in CAD.
  • You can only post to the account in USD.
  • You can only post to the account in CAD and USD.

Question 43

Question
You are responsible for implementing Asset Accounting. You are provided with the legacy data of various assets and their grouping information based on category, life, and depreciation terms. What configuration step would you initiate to maintain these categories in SAP S/4HANA? Please choose the correct answer
Answer
  • Define general ledger accounts per each category of legacy asset
  • Copy the chart of depreciation and maintain depreciation areas.
  • Define asset classes and maintain their attributes.
  • Configure depreciation keys and calculation keys

Question 44

Question
Identify the application areas where validations and substitutions can be used. There are 3 correct answers to this question.
Answer
  • AA – Asset Accounting
  • SD – Sales and Distribution
  • CO – Cost Accounting
  • FI – Financial Accounting

Question 45

Question
How can you post accruals? Note: There are 3 correct answers to this question.
Answer
  • Run the depreciation program.
  • Use the recurring entry program.
  • Reclassify the receivables and payables.
  • Execute the periodic accrual run
  • Post manually at the end of a period, quarter, or year.

Question 46

Question
What do you define in Customizing for the payment program? Note: There are 3 correct answers to this question.
Answer
  • Exchange rate type
  • Bank determination
  • Forms for the payment media
  • Payment run ID
  • Allowed currencies

Question 47

Question
You are asked to explain the assets under construction functionality in SAP S/4HANA. What should you highlight? There are 2 correct answers to this question.
Answer
  • It is impossible to use assets under construction with Investment Management.
  • It is possible to calculate and post depreciation in the balance sheet depreciation area for assets under construction.
  • It is possible to post special tax depreciation and investment support for assets under construction.
  • It is possible to post credit memos, even after assets under construction are fully capitalized.

Question 48

Question
In Asset Accounting, which object do you use to handle separate valuation for parallel accounting?
Answer
  • Valuation area
  • Depreciation area
  • Depreciation key
  • Chart of depreciation

Question 49

Question
Which data model is used for SAP S/4HANA?
Answer
  • Online transactional processing (OLTP) for on-premise deployments and online analytical processing (OLAP)for Cloud deployments.
  • Online analytical processing (OLAP) that is based on aggregated tables and indexes.
  • Online transactional processing (OLTP) and online analytical processing (OLAP) each using data from separate tables.
  • Online transactional processing (OLTP) and online analytical processing (OLAP) both running on a single system.

Question 50

Question
It is common for companies to receive invoices for the previous fiscal year at the beginning of the new fiscal year. Which dates must have the same fiscal year in the document entry?
Answer
  • Posting date and entry date.
  • Document date and posting date.
  • Document date and asset value date
  • Posting date and asset value date

Question 51

Question
Within the line items of Fl documents, what does the posting key control? Note: There are 3 correct answers to this question.
Answer
  • The account type to which the line item can be posted
  • Whether the item is posted as a debit or credit
  • Whether the item is posted with reference to primary or secondary cost element
  • The field status of additional details
  • The account group to which the line item can be posted

Question 52

Question
What dunning-related data do you maintain on the business partner master record?
Answer
  • Dunning block
  • Dunning interval
  • Dunning procedure
  • Dunning key
  • Dunning area

Question 53

Question
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
Answer
  • 4
  • 1
  • 3
  • 5

Question 54

Question
What items are NOT cleared by the automatic clearing program? There are 3 correct answers to this question
Answer
  • Statistical postings
  • Items with withholding tax
  • Items with value added tax
  • Items with sales and use tax
  • Noted items

Question 55

Question
What is the first step in the reconciliation process? Please choose the correct answer.
Answer
  • Communicate differences
  • Present reconciled and non-reconciled data
  • Collect data from different companies

Question 56

Question
Identify some of the fields related to the depreciation area in the asset master record. There are 3 correct answers to this question.
Answer
  • Asset description
  • Useful life
  • Depreciation start
  • Scrap value

Question 57

Question
Which of the following parameters are controlled by the screen layout? There are 3 correct answers to this question
Answer
  • Maintenance level
  • Reference
  • Field selection
  • Number range

Question 58

Question
How many cash discount periods can be entered in the terms of payment? Please choose the correct answer.
Answer
  • 5
  • 8
  • 3
  • 2

Question 59

Question
How does the system behave when an invoice is processed as a residual payment?
Answer
  • The payment difference is posted to a different account
  • The original document and payment are cleared.
  • The payment difference is written off
  • All documents remain in the account as open items

Question 60

Question
In stock valuation, which of the following groups of stocks are valuated? There are 3 correct answers to this question.
Answer
  • Finished goods
  • Raw materials, supplies, and consumables
  • Goods invoiced
  • Work in process

Question 61

Question
Which elements define the integration of asset acquisitions to the general ledger? There are 2 correct answers to this question
Answer
  • Depreciation area
  • Depreciation keys
  • Asset class
  • Valuation area

Question 62

Question
You forgot to add a new general ledger account into the financial statement version. What impact does this have on the net profit and net loss? Please choose the correct answer.
Answer
  • The balance of the new account is added to the notes in the financial statement item section and is excluded from the calculation.
  • The balance of the new account is added to the non-assigned section and is included in the calculation.
  • The balance of the new account is added to the notes in the financial statement item section and is included in the calculation.
  • The balance of the new account is added to the non-assigned section and is excluded from the calculation.

Question 63

Question
In which application areas can you use validation? Note: There are 2 correct answers to this question.
Answer
  • Cost Accounting
  • Asset Accounting
  • Materials Management
  • Profit Center Accounting

Question 64

Question
When you post a payment for an invoice, how does the system derive the splitting characteristics?
Answer
  • Active document splitting
  • Default assignment
  • Passive document splitting
  • Inheritance

Question 65

Question
A user wants to add an application to his SAP Fiori home page but can’t find it in the App Finder. What does the admin have to do? Please choose the correct answer
Answer
  • Assign the corresponding SAP Fiori tile catalog to the user
  • Add the tile to a tile group already assigned to the user
  • Assign the corresponding SAP Fiori tile group to the user.
  • Add the corresponding tile catalog to the tile group

Question 66

Question
Which of the following are posted in the program FAA_DEPRECIATION_POST? There are 3 correct answers to this question.
Answer
  • Unplanned depreciation or other manually planned depreciation
  • Ordinary depreciation such as book depreciation or imputed depreciation
  • Parallel APC values
  • Imputed interest

Question 67

Question
What are the results when you post an outgoing partial payment? Note_ There are 2 correct answers to this question.
Answer
  • The initial invoice remains open.
  • The initial invoice is cleared.
  • A payment is created with reference to the invoice.
  • A payment block is set on the invoice.

Question 68

Question
Which business partner categories are available to manage relationships? Note: There are 2 correct answers to this question.
Answer
  • Customer
  • Person
  • Bank
  • Organization

Question 69

Question
The SAP Business Workflow________process dimensions. Please choose the correct answer.
Answer
  • Five
  • Three
  • Two
  • Four

Question 70

Question
True or False: SAP S/4HANA replaces SAP ERP, and development and support are shifted completely to it.
Answer
  • True
  • False

Question 71

Question
What is the maximum dunning level that can be assigned to a dunning procedure?
Answer
  • 9
  • 1
  • 7
  • 11

Question 72

Question
Your SAP S/4HANA system is integrated with controlling. You perform cost of sales accounting, and you report your profit and loss per profit center. When posting a supplier invoice to a primary cost account, which field is mandatory by standard procedures? Please choose the correct answer
Answer
  • Business Area
  • Cost Center
  • Segment
  • Functional Area

Question 73

Question
The usage of which of the following depreciation types can be activated per depreciation area? There are 3 correct answers to this question.
Answer
  • Special depreciation
  • Ordinary depreciation
  • Unplanned depreciation
  • Scheduled depreciation

Question 74

Question
What do you configure to allow cross-company-code transactions? Note- There are 2 correct answers to this question.
Answer
  • Clearing accounts
  • Account types
  • Special G/L indicator
  • Posting keys

Question 75

Question
Which fields can you edit before posting a parked document? Note: There are 3 correct answers to this question.
Answer
  • Amount
  • Document type
  • Posting date
  • Account
  • Currency

Question 76

Question
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? Please choose the correct answer.
Answer
  • Define a valuation area and extension ledger to link with the new valuation area.
  • Define two valuation methods and assign the accounting principles to the new valuation methods.
  • Define a valuation area and ledger group for two ledgers to link with the new valuation area.
  • Define two valuation areas and two accounting principles with relevant links to ledgers.

Question 77

Question
At what level is the bank master data stored in SAP S/4HANA? Please choose the correct answer
Answer
  • At company level
  • At controlling area level
  • At client level
  • At company code level

Question 78

Question
In which items of a financial statement version can you find values related to accounts for sales deductions and material expenses?
Answer
  • Sales deductions in assets item Material expenses in loss item
  • Sales deductions in loss item Material expenses in loss item
  • Sales deductions in liabilities item material expenses in loss item
  • Sales deductions in loss item Material expenses in liabilities item

Question 79

Question
Which functions allow you to temporarily save the entered data? There are 2 correct answers to this question.
Answer
  • Save function
  • Hold function
  • Parking function
  • Insert function
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