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SAP Certified Application Associate - SAP S/4HANA for Financial Accounting Associates (SAP S/4HANA 2020) Sample Questions (Q20-Q25):

NEW QUESTION # 20
You are starting the fiscal year-end process in Asset Accounting in SAP S / 4HANA.
What are the year-end closing program checks for Asset Accounting? There are 2 correct answers to this question.

• A. Depreciation is posted in full
• B. Fixed asset fiscal year changes is complete.
• C. The general ledger and subledgers are closed
• D. Assets are complete and error free

Answer: A,D

NEW QUESTION # 21
Which prerequisite must be met by the technical clearing account for integrated asset acquisition?

• A. The account is a reconciliation balance sheet account for fixed assets.
• B. The account is assigned in the asset account determination for each valid depredation area.
• C. The account is a profit-and-loss account that must be open item managed.
• D. The account is created for all active company codes of the client.

Answer: A

NEW QUESTION # 22
Which data sections are part of every asset class? There are 2 correct answers to this question.

• A. Depreciation data section
• B. Master data section
• C. Account determination data section
• D. Valuation area data section

Answer: A,B

NEW QUESTION # 23
Which of the following is a technical year-end closing activity in SAP S/4HANA?

• A. Balance sheet adjustments must be posted.
• B. Foreign currency valuation must be posted.
• C. Profit center carry-forward must be posted.
• D. Ledger balances must be carried forward

Answer: C

NEW QUESTION # 24
Which prerequisites must be fulfilled before you can use negative postings? Note: There are 2 correct answers to this question.

• A. The posting key must permit negative posting.
• B. The reversal reason must allow alternative posting dates.
• C. The reversal reason must allow negative postings.
• D. The company code must permit negative postings.

Answer: C,D

NEW QUESTION # 25
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