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SAP Certified Application Associate - SAP S/4HANA for Financial Accounting Associates (SAP S/4HANA 1709) Sample Questions:

1. What does the year-end closing program in Asset Accounting do? There are 3 correct answers to this question.

A) It blocks all postings to Asset Accounting for the closed fiscal years.
B) It checks whether the depreciation is posted completely for the fiscal year.
C) It settles all assets under construction with values and maintained settlement rules.
D) It indicates if any of the created asset master records contain errors or are incomplete.
E) It posts all remaining depredation and imputed interest.

2. Which stage of the sales process creates documents for both Materials Management and Financial Accounting? Please choose the correct answer.

A) Billing
B) Sales order creation
C) Shipping - delivery creation
D) Shipping - goods issue

3. What is controlled by the terms of payment? There are 3 correct answers to this question.

A) Allowed account type
B) Account for cash discount received
C) Default payment method
D) Determination of the baseline date
E) Setting for net procedure

4. The government announces that it plans to change the basic VAT tax percentage from 20% to 18%. What do you have to do in the system to comply? Please choose the correct answer.

A) Change the tax percentage for input and output tax codes to 18%.
B) Create new tax codes with the 18% percentage for input tax.
C) Create new tax codes with the 18% percentage for input and output tax.
D) Change the tax percentage for existing input tax codes to 18%.

5. Financial statement versions consist of a maximum of 10 hierarchy levels. Determine whether this statement is true or false..

A) False
B) True

Solutions: