SAP Certified Application Associate - SAP S/4HANA for Financial Accounting Associates (SAP S/4HANA 1809)

QUESTION NO: 1
What is the purpose of period interval 3 when you define open and closed periods?

A. It is used for special period posting B. It is used for posting from CO to Fl C. It is used for period lock in special purpose ledger D. It is used for the authorization object for posting periods

Correct Answer: C

QUESTION NO: 2
Which is the first step in the procedure of making down payments in the customer area? Choose the correct answer

A. Clearing B. Down payment received C. Down payment request D. Customer invoice

Correct Answer: C

QUESTION NO: 3
Which deployment option do you recommend to customers who want to always be on the latest release of SAP S/4HANA?

A. SAP S/4HANA on-premise B. SAP S/4HANA with Central Finance C. SAP S/4HANA Finance D. SAP S/4HANA Cloud

Correct Answer: D

QUESTION NO: 4
Which activities are supported by the regrouping program of receivables and payable's ?

A. Regrouping of receivables and payable's to accrual earnings or expense B. Regrouping and clearing open items for affiliated companies on customers and vendors C. Regrouping open items based on changed reconciliation accounts D. Regrouping receivables and payable's by their remaining life

Correct Answer: C,D

QUESTION NO: 5
With the automatic clearing program, a user can clear open items for which of the following items? Choose the correct answers. (2)

A. Currency B. General ledger C. Subledger accounts D. Special general ledger indicator

Correct Answer: B,C

QUESTION NO: 6
A document has several line items, with different reason codes entered. For the automatic payment, which correspondence type does the system choose? Choose the correct answer

A. The one assigned to the tolerance group B. The system prompts for the user to assign one C. The one in the line item with the largest amount D. The one in the first line item

Correct Answer: A

QUESTION NO: 7
You are running an international business and you want to set up separate legal entities to run operations and perform accounting activities Which organizational unit do you need to create for each legal entity?

A. Segment B. Company code C. Controlling area D. Company

Correct Answer: B

QUESTION NO: 8
When can you set the open item management indicator in a general ledger account? There are 2 correct answers to this question.

A. When an account is set up as a cost element B. When an account is required for clearing C. When an account is used as a reconciliation account D. When an account has a zero balance

Correct Answer: B,C

QUESTION NO: 9
How many cash discount periods can be entered in the terms of payment? Choose the correct answer.

A. 8 B. 3 C. 5 D. 2

Correct Answer: B

QUESTION NO: 10
What are the results when you post an outgoing partial payment? There are 2 correct answers to this question.

A. A payment block is set on the invoice. B. The initial invoice is cleared. C. A payment is created with reference to the invoice. D. The initial invoice remains open.

Correct Answer: C,D

QUESTION NO: 11
There are four dunning program steps that can be performed during the automatic dunning procedure as follows: Arrange these steps into the correct sequence.

A. Change the dunning proposal. B. Maintain the parameters. C. Start the dunning printout. D. Schedule the dunning run.

Correct Answer: A,B,C,D

QUESTION NO: 12
Which statements best describe a profit center?
Note: There are 2 correct answers to this question.

A. It has to be used simultaneously with segments to create separate balance sheet and P&L statements. B. It is an element for which separate balance sheet and P&L statements can be created. C. It is the only object that can be uniformly derived using segments. D. It is the only object from which segments can be uniformly derived.

Correct Answer: B,D

QUESTION NO: 13
Which business partner characteristic is mapped to the customer and supplier account groups? Please choose the correct answer.

A. Business partner role B. Business partner type C. Business partner grouping D. Business partner category

Correct Answer: C

SAP Certified Application Associate - SAP S/4HANA for Financial Accounting Associates (SAP S/4HANA 1809) - C-TS4FI-1809 Exam Questions