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SAP Certified Associate - Implementation Consultant - SAP S/4HANA Cloud Public Edition, Financial Accounting Sample Questions (Q50-Q55):
NEW QUESTION # 50
On which level do you maintain the long text for a general ledger account?
Answer: C
Explanation:
The long text for a general ledger (G/L) account is maintained at the Chart of Accounts level. This allows the description or additional details of the G/L account to be standardized across all company codes that use the same chart of accounts, ensuring consistency in financial reporting and accounting practices across the organization.
References:
SAP S/4HANA Cloud documentation on Financial Accounting
Best practices for Chart of Accounts management in SAP
NEW QUESTION # 51
Which asset characteristic controls if an asset is under construction?
Answer: C
Explanation:
Comprehensive and Detailed in Depth Explanation:Assets under construction (AUC) in SAP S/4HANA Cloud are managed via asset class.
* D:Correct. A specific AUC asset class (e.g., with no depreciation) identifies it as under construction.
* A, B, C:Incorrect. These refine AUC behavior but don't define its status.References:SAP Help Portal -
"Assets Under Construction."
NEW QUESTION # 52
You post and match an incoming payment to the incorrect customer account.
How can you correct the mistake?
Answer: C
NEW QUESTION # 53
When do you specify the data retention period in the SAP S/4HANA Migration Cockpit?
Answer: D
NEW QUESTION # 54
For which fields can you enter time-dependent changes in the asset master record? Note: There are 3 correct answers to this question
Answer: A,C,D
Explanation:
In the asset master record within SAP S/4HANA Cloud Public Edition, time-dependent changes can be entered for fields such as 'Cost center', 'Plant', and 'WBS (Work Breakdown Structure) element'. These fields may require updates over the asset's life due to operational changes, reorganizations, or project progress. Time-dependency allows for historical tracking and future planning of these attributes, ensuring that asset-related transactions and reports accurately reflect the asset's association with different organizational units and projects over time.
References:
SAP S/4HANA Cloud Asset Accounting documentation
Best practices for managing asset master data in SAP
NEW QUESTION # 55
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