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SAP Certified Associate - Implementation Consultant - SAP S/4HANA Cloud Public Edition, Financial Accounting Sample Questions (Q63-Q68):
NEW QUESTION # 63
On which level do you define maximum amounts for low value assets? Note: There are 2 correct answers to this question.
- A. Company code
- B. Ledger group
- C. Valuation area
- D. Accounting principle
Answer: A,C
NEW QUESTION # 64
On which level do you maintain the long text for a general ledger account?
- A. Company code
- B. Financial statement version
- C. Chart of accounts
- D. Controlling area
Answer: C
Explanation:
The long text for a general ledger (G/L) account is maintained at the Chart of Accounts level. This allows the description or additional details of the G/L account to be standardized across all company codes that use the same chart of accounts, ensuring consistency in financial reporting and accounting practices across the organization.
References:
SAP S/4HANA Cloud documentation on Financial Accounting
Best practices for Chart of Accounts management in SAP
NEW QUESTION # 65
When do you specify the data retention period in the SAP S/4HANA Migration Cockpit?
- A. When the project status is "Finished"
- B. When the project status in "In Progress"
- C. When the project status is "Not Started"
- D. When the project status is "Completed"
Answer: D
NEW QUESTION # 66
What does the asset class determine? Note: There are 3 correct answers to this question
- A. The asset number
- B. The default depreciation key
- C. The balance sheet structure
- D. The G/L accounts for asset transactions
- E. The inventory number
Answer: B,C,D
Explanation:
In SAP S/4HANA Cloud Public Edition, the asset class plays a crucial role in defining key aspects of asset accounting: C. The Default Depreciation Key: It specifies the standard rules for calculating depreciation for assets in this class, affecting how asset value decreases over time. D. The G/L Accounts for Asset Transactions: Asset classes determine which General Ledger accounts are impacted by transactions involving assets, such as acquisitions, retirements, and depreciation postings. E. The Balance Sheet Structure: Asset classes help organize assets in the balance sheet by categorizing them, which aids in financial reporting and analysis.
References:
SAP S/4HANA Cloud Asset Accounting documentation
SAP Financials configuration and user guides
NEW QUESTION # 67
In which type of extensibility is the SAP Business Technology Platform used to host a custom extension?
- A. Classic extensibility
- B. Key user extensibility
- C. Developer extensibility
- D. Side-by-side extensibility
Answer: D
Explanation:
Comprehensive and Detailed in Depth Explanation:SAP BTP hosts external extensions in S/4HANA Cloud.
* C:Correct. Side-by-side uses BTP for custom apps.
* A, B, D:Incorrect. These are in-app or different approaches.References:SAP Help Portal -
"Extensibility Types."
NEW QUESTION # 68
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