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What happens during foreign currency valuation?

  • Reverses payments
  • Adjusts open items for currency changes
  • Reconciles G/Ls
  • Deletes vendor master data
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What is a controlling area?

  • Customer classification
  • Organizational unit for cost accounting
  • Costing method
  • Chart of depreciation
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Which of these is a component of SAP FICO?

  • Purchase Order
  • G/L Accounting
  • Product Lifecycle
  • Quality Management
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What is a real-time cost object?

  • Profit Center
  • Payroll Category
  • Company Code
  • Bank Account
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What is the main benefit of Universal Journal in S/4HANA?

  • Reduces memory size
  • Eliminates reconciliation between modules
  • Supports dual ledger
  • Enables SD integration
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What is a fiscal year variant?

  • Currency option
  • Posting layout
  • Definition of posting periods
  • Payment format
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What does T-code ?KE5Z? show?

  • Profit center reports
  • Vendor line items
  • Cost element overview
  • COPA line items
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What is meant by "Ledger Approach" in parallel accounting?

  • Use of same ledger with different entries
  • Different ledgers for different GAAP
  • Same values for tax and IFRS
  • Uses only special purpose ledger
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What is an example of primary cost element?

  • Overhead allocation
  • Internal settlement
  • Salaries
  • Transfer pricing
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What document type is used for manual customer invoice?

  • KR
  • DR
  • DZ
  • SA
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What is the primary role of Document Splitting?

  • To create test entries
  • To enable segment reporting
  • To post to CO
  • To upload BAPIs
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What does BSEG store?

  • Material master data
  • Document line items
  • Company code data
  • GL balances
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What is the T-code for manual depreciation posting?

  • ABUMN
  • AFAB
  • ABAA
  • ASKB
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Which document type is used for Vendor Invoice?

  • KR
  • DR
  • DZ
  • SA
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What is a statistical internal order?

  • For CO posting
  • For tracking costs without settlement
  • For balancing G/L
  • For materials tracking
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What does the T-code FAGLL03 show?

  • Vendor summary
  • G/L line items
  • Internal orders
  • Assets
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What happens when you assign a controlling area to a company code?

  • Enables CO module integration
  • Disables FI module
  • Creates new BP
  • Activates MM module
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What is a business transaction in SAP?

  • Payroll run
  • Logical grouping of financial postings
  • Document layout
  • Price update
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What is the function of OBA5?

  • Tolerance Group Configuration
  • Account Assignment Group
  • Ledger Assignment
  • Asset Class Setup
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What is the default currency type for company code?

  • 10
  • 30
  • 40
  • 60
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What does the T-Code ?FBL1N? show?

  • Customer Line Items
  • Vendor Line Items
  • G/L Balances
  • Trial Balance
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What is SAP S/4HANA Finance formerly known as?

  • Simple ERP
  • SAP Simple Finance
  • Fiori Core
  • HANA ERP
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What type of data is stored in ACDOCA?

  • Configuration
  • Master data
  • Line-item data
  • Pricing data
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What is the importance of chart of depreciation?

  • Manages customer pricing
  • Supports multiple asset valuations
  • Assigns fiscal year
  • Controls SD flows
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What is the role of version in SAP CO?

  • To track master data
  • To track currency updates
  • To track actual vs plan data
  • To track user logins
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In S/4HANA, how many ledgers can be active at once?

  • 1
  • Unlimited
  • 3
  • 2
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What does the term ?Zero Balance Clearing? relate to?

  • Tax posting
  • Intercompany reconciliation
  • Asset retirement
  • Bank reconciliation
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What is an example of non-integrated planning in CO?

  • Profit center
  • Cost center
  • Internal order
  • Manual planning sheet
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What is the difference between primary and secondary cost elements?

  • Primary from FI, secondary for CO allocations
  • Both from CO
  • Only used in HR
  • Used in MM module
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What happens when document splitting is active?

  • Faster processing
  • Additional currencies created
  • Segments and profit centers derived automatically
  • Material documents generated
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