On what level can you assign a fiscal year variant to a company code?

A. Ledger group, for standard ledger type

B. Ledger, for any type of ledger

C. Ledger group, for any type of ledger

D. Ledger, for standard ledger type

A document can have up to 999999 line items in the universal journal (reporting or G/L view). How does this affect the entry view table?

A. It is still limited to 999 line items but the system automatically splits the single entry into multiple documents as required.

B. It is now a compatibility view without number restrictions

C. It is automatically extended to 999999 line items.

D. It is still limited to 999 line items but you can configure summarization on certain criteria.

In your system, you are creating a new company code that requires an additional standard ledger. Which statements apply to a standard ledger?

A. It must be assigned to an underlying ledger.

B. It will generate additional line items in ACDOCA for non-ledger-specific postings.

C. It is always active on the system level for all company codes.

D. If asset accounting is used, a depreciation area must be assigned.

How can you set up multiple valuations for transfer pricing in your SAP S/4HANA system? (Choose two.)

A. You can assign additional valuations to the extension ledgers.

B. You can assign additional valuations to separate accounts.

C. You can assign each valuation to a separate ledger.

D. You can assign profit center, group, and legal valuations to the same ledger.

Which object acts as a data source for Cash Management (Cash Flow Analyzer) in SAP S/4HANA?

A. Payment terms

B. Payment methods

C. Memo records

D. Record types

Which ledger-specific configuration can you maintain at company code level? (Choose two.)

A. The posting period variant for the extension ledger

B. The fiscal year variant for the standard ledger

C. The financial statement version for both types of ledgers

D. The valuation view for the extension ledger

What must you create before you can record commitments in the universal journal?

A. Tolerance profile

B. Statistical cost elements

C. Document type

D. Extension ledger

In your SAP S/4HANA system, you use the accounts approach for parallel valuation and report financial values for three separate accounting principles. You post an acquisition for an asset that is capitalized in a single accounting principle. If you use the application for posting integrated asset acquisitions, how many documents will the system post?

A. 1

B. 2

C. 3

D. 4

In the standard delivery system, what is the maximum number of components you can use for the primary cost component split of activities and the cost component split of cost of goods sold?

A. 40

B. 100

C. 120

D. 160

A fixed asset is to be posted in the new fiscal year. Which closing activity must be carried out for this?

A. Fiscal year change program must have been executed (transaction FAA_CMP).

B. All APC values must have been posted using report “Periodic Asset Postings".

C. All depreciation (transaction AFAB) up to that point must be posted.

D. Depreciation for the new year must be recalculated (transaction AFAR).