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SAP Certified Application Associate - SAP S/4HANA for Financial Accounting Associates (SAP S/4HANA 1511) Sample Questions:

1. What sort of special general ledger types exist?
Choose the correct answers.
Response:

A) Automatic offsetting entries (statistical)
B) Other types
C) Free offsetting entries
D) Noted items
E) Final payments

2. In a valuation method, which of the following is not a valuation approach for foreign currency valuation?
Choose the correct answer.
Response:

A) Lowest value principle
B) Revalue only
C) Strict lowest value principle
D) High rate of interest principle

3. What are the differences between holding and parking documents? (There are two correct answers.)

A) The parked document can trigger workflow processes.
B) The held document can be incomplete.
C) The parked document is considered for financial statements.
D) The held document doesn't have a document number assigned.

4. In SAP S/4HANA, on which levels can you maintain open posting periods? (There are two correct answers.)

A) Fiscal year variant
B) Controlling area
C) Posting period variant
D) Segment

5. A vendor is also a customer. The payment program has to clear the open items. Which setting has to be maintained for the business partner?
Please choose the correct answer.
Response:

A) The alternative payer and payee
B) The account link
C) The same bank details
D) The same payment method

Solutions: