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Question 1 of 10

1. Question
A project team is implementing SAP S/4HANA Cloud Public Edition and needs to configure the system to handle different tax rates for various regions. They are considering using the ‘Tax Code’ field in the business partner master data. What is the primary purpose of this field in the context of sales and purchasing processes?
- To determine the default tax classification for transactions with that business partner, which can be overridden at the document level.
- To store the legal tax registration number of the business partner for audit purposes.
- To automatically calculate and post withholding tax during payment runs.
- To define the profit center responsible for tax reporting related to that partner.
Correct

The ‘Tax Code’ in the business partner master data serves as a default tax classification (e.g., standard-rated, exempt) for transactions. This default streamlines document entry but is designed to be overridden when necessary on individual invoices or orders, providing flexibility for specific scenarios.

Incorrect

The ‘Tax Code’ in the business partner master data serves as a default tax classification (e.g., standard-rated, exempt) for transactions. This default streamlines document entry but is designed to be overridden when necessary on individual invoices or orders, providing flexibility for specific scenarios.
Question 2 of 10

2. Question
During a workshop, a business user asks how they can get a quick, high-level overview of all the key financial metrics for their company code without running a detailed report. Which SAP Fiori app, readily available in SAP S/4HANA Cloud Public Edition, is best suited for this purpose?
- Manage Journal Entries
- Display General Ledger Account Line Items
- Cash Management Overview
- My Financial Overview
Correct

The ‘My Financial Overview’ app is a central, role-based Fiori launchpad tile designed to give users a consolidated, visual snapshot of key financial KPIs like total revenue, costs, and profit, making it ideal for a quick high-level assessment.

Incorrect

The ‘My Financial Overview’ app is a central, role-based Fiori launchpad tile designed to give users a consolidated, visual snapshot of key financial KPIs like total revenue, costs, and profit, making it ideal for a quick high-level assessment.
Question 3 of 10

3. Question
Imagine you are configuring the system for a new company that must comply with International Financial Reporting Standards (IFRS). A key requirement is to report both the cost and the fair value of certain financial instruments. Which foundational SAP S/4HANA concept is specifically designed to handle this type of parallel accounting requirement?
- Parallel Ledgers
- Document Splitting
- Financial Statement Versions
- Segment Reporting
Correct

Parallel ledgers are a core feature that allows a company to maintain multiple accounting principles (like IFRS and a local GAAP) simultaneously. Each ledger posts in parallel from the same document, enabling legal and group reporting from a single source of truth.

Incorrect

Parallel ledgers are a core feature that allows a company to maintain multiple accounting principles (like IFRS and a local GAAP) simultaneously. Each ledger posts in parallel from the same document, enabling legal and group reporting from a single source of truth.
Question 4 of 10

4. Question
The accounts payable team complains that the system is creating too many individual payment items for small, due invoices from the same vendor, making the payment run inefficient. What is the most effective configuration step you should check to ensure related invoices are automatically combined into a single payment item?
- Configure the 'Payment Terms' to be identical on all invoices.
- Activate the 'Payment Grouping' indicator in the vendor master record under the payment transactions section.
- Set the 'House Bank' to be the same for all company codes.
- Use the 'Check Lot' function manually before executing the payment run.
Correct

The ‘Payment Grouping’ indicator in the vendor master data is the key setting that instructs the system to combine all eligible, due items for that vendor into a single net payment line during the payment run, optimizing the process.

Incorrect

The ‘Payment Grouping’ indicator in the vendor master data is the key setting that instructs the system to combine all eligible, due items for that vendor into a single net payment line during the payment run, optimizing the process.
Question 5 of 10

5. Question
You are explaining the period-end closing process to a new colleague. They want to know what the primary purpose of the ‘Accrual Engine’ is in SAP S/4HANA Cloud. How should you describe its main function?
- To automatically calculate depreciation for fixed assets.
- To post recurring entries like rent or subscriptions automatically on a defined schedule.
- To allocate costs from a sender cost center to multiple receiver cost centers.
- To recognize expenses and revenues in the correct accounting period, independent of the invoice or payment date, for items like utilities or services.
Correct

The Accrual Engine’s core purpose is period-end accrual/deferral accounting. It ensures financial statements comply with the matching principle by posting accrual entries for expenses incurred (or revenue earned) in a period, even if the invoice arrives or payment is made in a future period.

Incorrect

The Accrual Engine’s core purpose is period-end accrual/deferral accounting. It ensures financial statements comply with the matching principle by posting accrual entries for expenses incurred (or revenue earned) in a period, even if the invoice arrives or payment is made in a future period.
Question 6 of 10

6. Question
A sales manager needs to analyze profitability not just by product, but also by sales region and customer group. Which analytical capability in SAP S/4HANA Cloud, built on the Universal Journal, makes this multi-dimensional profitability analysis possible without data redundancy?
- Classic Profit Center Accounting
- Account-Based Profitability Analysis (CO-PA)
- Segment Reporting via the 'Segment' field
- Profitability Analysis powered by the Embedded Analytics foundation
Correct

Account-Based CO-PA in SAP S/4HANA is directly integrated into the Universal Journal (table ACDOCA). It uses the same line items, enabling real-time, multi-dimensional analysis (by characteristics like product, customer, region) directly from the source transactional data, eliminating reconciliation and redundancy.

Incorrect

Account-Based CO-PA in SAP S/4HANA is directly integrated into the Universal Journal (table ACDOCA). It uses the same line items, enabling real-time, multi-dimensional analysis (by characteristics like product, customer, region) directly from the source transactional data, eliminating reconciliation and redundancy.
Question 7 of 10

7. Question
Your company is implementing intercompany sales. When Company Code A sells goods to Company Code B, you need the system to automatically create the necessary financial postings in both company codes. Which standard integration between SAP S/4HANA Cloud modules facilitates this automatic posting?
- Integration between Materials Management (MM) and Controlling (CO)
- Integration between Sales and Distribution (SD) and Financial Accounting (FI)
- Integration between Production Planning (PP) and Asset Accounting (AA)
- Integration between Human Capital Management (HCM) and Travel Management (TM)
Correct

The SD-FI integration is crucial for intercompany scenarios. When an intercompany sales order is created and processed (e.g., via a stock transfer), this integration automatically triggers the corresponding financial postings (revenue in the selling company code, cost/GR in the receiving company code) based on predefined rules.

Incorrect

The SD-FI integration is crucial for intercompany scenarios. When an intercompany sales order is created and processed (e.g., via a stock transfer), this integration automatically triggers the corresponding financial postings (revenue in the selling company code, cost/GR in the receiving company code) based on predefined rules.
Question 8 of 10

8. Question
During a migration project, you need to upload the opening balances for fixed assets into the new SAP S/4HANA Cloud system. Which dedicated business object or process should you use to ensure all required asset master data and valuation data is created correctly?
- Create a general ledger journal entry using the asset reconciliation account.
- Use the 'Migrate Fixed Assets' app or its equivalent data migration template/API.
- Manually create each asset master record and then post the acquisition value.
- Post the balances to a temporary clearing account and settle later.
Correct

SAP provides specific migration objects/tools for fixed assets (like the ‘Migrate Fixed Assets’ app or relevant migration APIs/BAPIs). These are designed to create the complete asset master record along with its historical values (acquisition value, accumulated depreciation) in a single, controlled step, ensuring data integrity.

Incorrect

SAP provides specific migration objects/tools for fixed assets (like the ‘Migrate Fixed Assets’ app or relevant migration APIs/BAPIs). These are designed to create the complete asset master record along with its historical values (acquisition value, accumulated depreciation) in a single, controlled step, ensuring data integrity.
Question 9 of 10

9. Question
A financial controller wants to ensure that only authorized users can release certain types of journal entries above a specific monetary threshold. What is the standard, configurable workflow in SAP S/4HANA Cloud Public Edition that manages this approval process?
- The 'Manage Journal Entries' app approval status.
- The 'Post with Hold' functionality for general ledger accounts.
- The 'Journal Entry Approval' workflow.
- The 'Financial Statement Approval' report.
Correct

The ‘Journal Entry Approval’ workflow is a standard business workflow that can be configured based on criteria like amount, account, or user. It routes journal entries requiring approval to an inbox task for designated approvers, enforcing the necessary financial controls.

Incorrect

The ‘Journal Entry Approval’ workflow is a standard business workflow that can be configured based on criteria like amount, account, or user. It routes journal entries requiring approval to an inbox task for designated approvers, enforcing the necessary financial controls.
Question 10 of 10

10. Question
A project team is implementing SAP S/4HANA Cloud Public Edition and needs to configure the system to handle different tax rates for various regions. They are considering using the ‘Tax Code’ field in the business partner master data. What is the primary purpose of this field in the context of sales and purchasing processes?0
- Purchase Order -> Goods Receipt -> Invoice Receipt -> Payment
- Quotation -> Sales Order -> Delivery -> Billing Document
- Requisition -> Purchase Order -> Goods Receipt -> Invoice Receipt
- Production Order -> Goods Receipt -> Cost Settlement -> Invoice Receipt
Correct

The ‘Tax Code’ in the business partner master data serves as a default tax classification (e.g., standard-rated, exempt) for transactions. This default streamlines document entry but is designed to be overridden when necessary on individual invoices or orders, providing flexibility for specific scenarios.0

Incorrect

The ‘Tax Code’ in the business partner master data serves as a default tax classification (e.g., standard-rated, exempt) for transactions. This default streamlines document entry but is designed to be overridden when necessary on individual invoices or orders, providing flexibility for specific scenarios.0

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