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- Asset Transactions and Depreciation
- Asset Master Data
Accounts Receivable (AR)
- Customer Master Data
- Billing and Incoming Payments
General Ledger Accounting
- Document Processing and Posting
- Financial Closing Activities
- G/L Account Master Data
Accounts Payable (AP)
- Invoice Processing and Payments
- Vendor Master Data
Financial Accounting Overview in SAP Business All-in-One
- Organizational Units in Financial Accounting
- Basic Financial Accounting Configuration Concepts
Financial Reporting and Closing
- Balance Sheet and Profit & Loss Reporting
- Period-End Closing Processes
SAP Certified Application Associate - Financials with SAP Business All-in-One Solution Sample Questions:
What input is mandatory when setting up the payment program parameters? (Choose three)
A. Payment terms
B. House bank
C. Payment method(s)
D. Company code
E. Posting date
Answer: C,D,E
In SAP Financial Accounting, the company code is the main organizational structure that determines the legal substance of the organization. If you are implementing SAP ERP in an organization with more than one affiliated company, which of the following assignments are possible? (Choose two)
A. All company codes are assigned to one group of companies and one chart of accounts is assigned to all company codes.
B. All company codes are assigned to one group of companies and each company code is assigned to many charts of accounts.
C. All company codes are assigned to one group of companies and each company code is assigned to its own chart of accounts.
D. One company code is assigned to one group of companies and many charts of accounts are assigned to the company code.
Answer: A,C
A customer implements SAP Financials with multiple company codes. They want to manage credit limits for each customer across all company codes collectively. Which master data setup allows this?
A. Create a credit control area for each company code and assign a total limit for customers across all company codes.
B. Create a single credit control area and assign individual limits to each customer at company code level.
C. Create a credit control area for each company code and assign individual limits to each customer at company code level.
D. Create a single credit control area and assign a total limit for all customers across all company codes.
Answer: B
An organization is implementing SAP ERP and several company codes have been defined. The requirement for those company codes is to have a common cost center hierarchy for consolidated cost reporting. What needs to be set as the "first" prerequisite to meet this requirement?
A. All the company codes should have the same currency and fiscal year variant.
B. All the companies should have the same chart of accounts.
C. All the company codes should be assigned to one group of companies.
D. All the company codes should be assigned to one controlling area.
Answer: B
When you make a change to an asset, at what point does the planned depreciation change in Asset Accounting?
A. After a posting to a fixed asset
B. After depreciation is run and posted to the general ledger
C. After depreciation is run without being posted
D. After depreciation is run and posted to the fixed assets ledger
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