SAP FI Certification UPDATED ACTUAL
Questions and CORRECT Answers
For which of the following tasks must you always indicate manual task completion? -
CORRECT ANSWER✔✔- Notes
Which of the following statements are valid for financial document number ranges? -
CORRECT ANSWER✔✔- -Financial documents number ranges are defined at company
code.
-Financial document number ranges must be defined for the year in which they are used.
-The same financial document number range can be assigned to several document types.
A customer wants to analyze a G/L account, which is presenting asset acquisition value, on an
investment order. What do you maintain in the G/L account master record to achieve this? -
CORRECT ANSWER✔✔- -Set the record account assignment indicator.
-Define G/L account as an asset reconciliation account.
Which of the following fields can be configured as changeable in a document header? -
CORRECT ANSWER✔✔- Document reference
What do you define for a tax code? - CORRECT ANSWER✔✔- -Tax percentage rates
-Valid tax types
Document splitting is active in your company code. The splitting characteristic is the profit
center. All accounts are assigned. You post a vendor invoice with a single expense that are
assigned to different profit centers. The expense is changed with 10% VAT.
How many line items are created in the Entry View and how many are created in the General
Ledger view? - CORRECT ANSWER✔✔- Entry view: 5
General Ledger view:9
True or false: choosing between SAP S/4HANA and SAP S/4HANA Cloud is also a matter of
required scope. - CORRECT ANSWER✔✔- True
, How does an automatic intercompany asset transfer work? - CORRECT ANSWER✔✔- It
assures that the transfer happens between two independent legal entities.
You are configuring asset related postings of depreciation areas in asset accounting for a
company code that uses the ledger approach to parallel valuation.
Which of the following could lead to an error? - CORRECT ANSWER✔✔- Area post
depreciation only
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? - CORRECT ANSWER✔✔- The balance
of the new account is added to the non-assigned section and is included in the calculation.
With the automatic clearing program, a user can clear open items for which of the following
items - CORRECT ANSWER✔✔- -General ledger
-Subledger accounts
Which SAP Fiori app types provides essential information about system master data and
offers links for navigating between related objects? - CORRECT ANSWER✔✔- Fact Sheet
When you create multiple similar asset master records, which of the following fields allow
you to make separate entries for each individual asset? - CORRECT ANSWER✔✔- -Cost
center
-Inventory number
-Description of the asset
You want to configure the tax calculation procedures. What are the main elements you need
to define? - CORRECT ANSWER✔✔- -Condition type
-Account or transaction key
-Sequence of steps
You assign currency type of 40 to your company code in ledger 0L. Which source currency
types can you select? - CORRECT ANSWER✔✔- -Group currency
-Company code currency
Questions and CORRECT Answers
For which of the following tasks must you always indicate manual task completion? -
CORRECT ANSWER✔✔- Notes
Which of the following statements are valid for financial document number ranges? -
CORRECT ANSWER✔✔- -Financial documents number ranges are defined at company
code.
-Financial document number ranges must be defined for the year in which they are used.
-The same financial document number range can be assigned to several document types.
A customer wants to analyze a G/L account, which is presenting asset acquisition value, on an
investment order. What do you maintain in the G/L account master record to achieve this? -
CORRECT ANSWER✔✔- -Set the record account assignment indicator.
-Define G/L account as an asset reconciliation account.
Which of the following fields can be configured as changeable in a document header? -
CORRECT ANSWER✔✔- Document reference
What do you define for a tax code? - CORRECT ANSWER✔✔- -Tax percentage rates
-Valid tax types
Document splitting is active in your company code. The splitting characteristic is the profit
center. All accounts are assigned. You post a vendor invoice with a single expense that are
assigned to different profit centers. The expense is changed with 10% VAT.
How many line items are created in the Entry View and how many are created in the General
Ledger view? - CORRECT ANSWER✔✔- Entry view: 5
General Ledger view:9
True or false: choosing between SAP S/4HANA and SAP S/4HANA Cloud is also a matter of
required scope. - CORRECT ANSWER✔✔- True
, How does an automatic intercompany asset transfer work? - CORRECT ANSWER✔✔- It
assures that the transfer happens between two independent legal entities.
You are configuring asset related postings of depreciation areas in asset accounting for a
company code that uses the ledger approach to parallel valuation.
Which of the following could lead to an error? - CORRECT ANSWER✔✔- Area post
depreciation only
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? - CORRECT ANSWER✔✔- The balance
of the new account is added to the non-assigned section and is included in the calculation.
With the automatic clearing program, a user can clear open items for which of the following
items - CORRECT ANSWER✔✔- -General ledger
-Subledger accounts
Which SAP Fiori app types provides essential information about system master data and
offers links for navigating between related objects? - CORRECT ANSWER✔✔- Fact Sheet
When you create multiple similar asset master records, which of the following fields allow
you to make separate entries for each individual asset? - CORRECT ANSWER✔✔- -Cost
center
-Inventory number
-Description of the asset
You want to configure the tax calculation procedures. What are the main elements you need
to define? - CORRECT ANSWER✔✔- -Condition type
-Account or transaction key
-Sequence of steps
You assign currency type of 40 to your company code in ledger 0L. Which source currency
types can you select? - CORRECT ANSWER✔✔- -Group currency
-Company code currency
