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  5. SAP Certified Application Associate - SAP S/4HANA for Financial Accounting Associates (SAP S/4HANA 2021) Questions and Answers

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Questions # 21:

Which statement best describe extension ledgers in SAP S/4HANA?

Note: There are 2 correct answers to this questions.

Options:
A.

Multiple extension ledgers can point to the same underlying ledger

B.

Extension ledgers can be assigned their own fiscal year variant

C.

Extension ledgers can be assigned their own posting period variant

D.

Extension ledgers can have different currencies than the underlying ledger

Expert Solution
Questions # 22:

For which account can you perform account clearing in SAP S4/HANA?

Options:
A.

For any balance sheet account managed on a line item basis

B.

For any G/L account defined as a reconciliation account

C.

For any account that can be posted in foreign currency

D.

For any account that is managed on an open item basis

Expert Solution
Questions # 23:

You want to configure the tax calculation procedures.

What are the main elements you need to define?

Note: There are 3 correct answers to this questions.

Options:
A.

Sequence of steps \/ Q Account Key

B.

Condition type

C.

Tax category

D.

Tax code

Expert Solution
Questions # 24:

For which special G/L indicator do you specify a target special G/L indicator?

Options:
A.

Bill of exchange

B.

Vendor down-payment request

C.

Customer down-payment

D.

Guarantee given

Expert Solution
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