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| Section | Objectives |
|---|---|
| Accounts Receivable (A/R) | - Customer master data
|
| Closing Operations | - Period-end closing activities
|
| SAP S/4HANA Financial Integration | - Integration with Controlling (CO)
|
| Financial Accounting Fundamentals in SAP S/4HANA | - General Ledger Accounting (G/L)
|
| Asset Accounting | - Asset master data and acquisition
|
1. On what basis does the system determine the period for the asset retirement?
Response:
A) Net book value
B) Asset value date (asset retirement date)
2. Which type of stock is best suited to a moving average price (MAP) valuation?
A) Raw materials
B) Work in process (WIP)
C) Third party
D) Finished goods
3. What is defined with the fiscal year variant? (There are two correct answers.)
A) Start and end dates of the calendar year
B) Number of fiscal periods in a year
C) Start and end dates of the fiscal year
D) Open and closed fiscal periods
4. True or False: You execute data aging separately for each data aging object.
A) True
B) False
5. True or False: If you maintain a single value for the retained earnings account, then for any P&L G/L account you create, the P&L statement account type is assigned automatically.
A) True
B) False
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: A | Question # 3 Answer: B,C | Question # 4 Answer: B | Question # 5 Answer: A |
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