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SAP Certified Associate - Implementation Consultant - SAP S/4HANA Cloud Public Edition, Financial Accounting Sample Questions (Q68-Q73):
NEW QUESTION # 68
At which point in the integrated sales process is a balance sheet relevant accounting document created?
- A. Sales order creation
- B. Goods issue
- C. Sales order confirmation
- D. Quotation
Answer: B
NEW QUESTION # 69
What must you create when you build an integration scenario using the SAP Fiori Communication Management apps in SAP S/4HANA Cloud Public Edition?
Note: There are 2 correct answers to this question.
- A. Communication interface
- B. Communication arrangement
- C. Communication API
- D. Communication system
Answer: B,C
NEW QUESTION # 70
Which fields can be changed in a posted invoice? Note: There are 3 correct answers to this question
- A. Invoice amount
- B. Reference
- C. Line-item text
- D. Profit center
- E. Payment terms
Answer: C,D,E
Explanation:
For a posted invoice in SAP S/4HANA Cloud Public Edition, certain fields can still be changed under specific conditions or using specific functions, such as follow-on documents or adjustments. The fields that can typically be changed include:
A: Payment terms, which can be adjusted to reflect new payment agreements.
B: Profit center, which may be updated for correct financial reporting and analysis, often through subsequent account assignments.
E: Line-item text, which can be modified to provide additional details or correct information without affecting the financial value of the transaction.
It's important to note that changes to these fields may be subject to system configuration and business process controls to ensure data integrity and compliance with financial reporting standards.
References:
SAP S/4HANA Cloud Financial Accounting documentation
Best practices for invoice management and adjustments in SAP
NEW QUESTION # 71
How can you process recurring entries? Note: There are 3 correct answers to this question
- A. You can create a recurring entry without defining a recurrence start date
- B. You can create a recurring invoice entry based on a template invoice.
- C. You can post recurring entries only through the recurring entry program.
- D. You can schedule recurring entries to start automatically.
- E. You can post recurring entries in standard posting apps, selecting the document type RE.
Answer: B,C,D
Explanation:
In SAP S/4HANA Cloud Public Edition, recurring entries can be processed in several ways:
A: Recurring entries are typically posted through the recurring entry program, which automates the creation and posting of periodic financial entries based on predefined parameters.
B: Recurring entries can be scheduled to start automatically, allowing for consistent and timely posting of regular transactions without manual intervention each period.
C: Recurring invoice entries can be created based on a template invoice, which serves as a model for the recurring transactions, ensuring consistency and efficiency in the posting process.
References:
SAP S/4HANA Cloud documentation on recurring entries
Best practices for managing recurring financial transactions in SAP
NEW QUESTION # 72
In which structure do you define where the accounts appear in the financial statement?
- A. Financial statement version
- B. Accounting principle
- C. Ledger group
- D. Chart of accounts
Answer: A
Explanation:
In SAP S/4HANA Cloud Public Edition, the structure where you define where accounts appear in the financial statement is known as the 'Financial Statement Version'. This structure is crucial for the organization of accounts in a way that aligns with reporting requirements and standards. It allows for the grouping and hierarchical arrangement of accounts to reflect how they should be presented in the financial statements, such as the balance sheet and income statement, facilitating accurate and compliant financial reporting.
References:
SAP S/4HANA Cloud documentation on financial reporting
Best practices for configuring Financial Statement Versions in SAP
NEW QUESTION # 73
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