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SAP Certified Associate - Implementation Consultant - SAP S/4HANA Cloud Public Edition, Financial Accounting Sample Questions (Q57-Q62):

NEW QUESTION # 57
Which activities can you complete in the Maintain Business Roles SAP Fiori app?
Note: There are 2 correct answers to this question.

A. Assign PFCG profiles to a business role
B. Maintain restrictions
C. Maintain technical catalogs
D. Assign business catalogs to a business role

Answer: B,D

Explanation:
Comprehensive and Detailed in Depth Explanation:The "Maintain Business Roles" app manages role settings.
* A:Correct. Assigns catalogs to roles.
* D:Correct. Sets restrictions (e.g., org. levels).
* B, C:Incorrect. Technical catalogs and PFCG are on-premise concepts.References:SAP Help Portal -
"Maintain Business Roles."

NEW QUESTION # 58
On which level do you maintain the long text for a general ledger account?

A. Controlling area
B. Financial statement version
C. Company code
D. Chart of accounts

Answer: D

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 # 59
You have a bank account in foreign currency. During the period you have posted various deposits to and withdrawals from the account. After the foreign currency valuation run, how does the system evaluate the balance of this account?

A. In foreign currency, converted to local currency on a statistical ledger.
B. in local currency, with the exchange rate valid on the last day of the period
C. In foreign currency, with no need for conversion.
D. In local currency, with the exchange rate valid for each transaction

Answer: B

Explanation:
For a bank account in foreign currency, the SAP S/4HANA Cloud system evaluates the balance of this account in local currency using the exchange rate valid on the last day of the period during the foreign currency valuation run. This approach ensures that the financial statements reflect the most current value of foreign currency balances in terms of the local currency, accounting for any fluctuations in exchange rates throughout the period. This valuation is essential for accurate financial reporting and risk management.
References:
SAP S/4HANA Cloud Finance documentation on foreign currency valuation
Guidelines for currency valuation in SAP Financial Accounting

NEW QUESTION # 60
Which fields can you define on the Chart of Accounts level of a G/L Account?
Note: There are 2 correct answers to this question.

A. Account currency
B. G/L account type
C. Account group
D. Functional area

Answer: B,C

NEW QUESTION # 61
Which asset characteristic controls if an asset is under construction

A. Capitalization date
B. Settlement profile
C. Depreciation key
D. Asset class

Answer: D

Explanation:
In SAP S/4HANA Cloud Public Edition, the characteristic that controls whether an asset is under construction is the 'Asset class'. Asset classes are used to categorize assets and define the controlling parameters for asset postings, including whether the asset is under construction. Assets under construction are typically managed in their own asset class with specific configurations, such as capitalization date rules and depreciation keys, tailored to the treatment of construction in progress until they are ready to be capitalized and put into use.
References:
SAP S/4HANA Cloud Asset Management guide
SAP Help documentation on asset classes and assets under construction

NEW QUESTION # 62
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