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SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting Sample Questions (Q49-Q54):
NEW QUESTION # 49
Your company follows IFRS accounting principles and needs to issue a full financial statement for its two main divisions "Consumer Products" & "Professional Products".
What do you need to achieve segment reporting in this scenario? Note: There are 3 correct answe-rs to this que-stion.
Answer: A,C,E
NEW QUESTION # 50
You have made an agreement with a customer to guarantee an amount of EUR 10000. What is the result of recording this guarantee in SAP S/4HANA?
Answer: D
NEW QUESTION # 51
Where can you see the matching results from the Intercompany Matching and Reconciliation tool?
Answer: C
NEW QUESTION # 52
At which level do you define functional areas?
Answer: D
NEW QUESTION # 53
Where do you assign the group chart of accounts?
Answer: B
Explanation:
Comprehensive Detailed Explanation with all SAP S/4HANA Cloud References In SAP S/4HANA, the group chart of accounts is used for consolidation and external reporting purposes, such as preparing financial statements at the corporate group level. It is assigned to the operating chart of accounts , which is the primary chart of accounts used for day-to-day financial postings in a company code.
Let's analyze each option to determine the correct answer.
Explanation of Each Option:
B. Operating chart of accounts
* Correct : The group chart of accounts is assigned to the operating chart of accounts . This assignment allows the system to map G/L accounts from the operating chart of accounts to the group chart of accounts for consolidation purposes. The operating chart of accounts is used for daily transactions, while the group chart of accounts ensures uniformity across the corporate group for external reporting.
* Reference : According to SAP documentation, the group chart of accounts is linked to the operating chart of accounts to facilitate consolidation and standardize account assignments across multiple company codes.
A. Company code
* Incorrect : The company code uses the operating chart of accounts for its financial postings. While the company code is associated with the operating chart of accounts, the group chart of accounts is not directly assigned to the company code. Instead, it is assigned to the operating chart of accounts.
* Reference : The company code configuration focuses on the operational accounting structure, not the group-level consolidation structure.
C. Company
* Incorrect : The company is an organizational unit used in consolidation processes to represent legal entities. It is not directly involved in the assignment of the group chart of accounts. The group chart of accounts is assigned to the operating chart of accounts, not to the company.
* Reference : Companies are used in Group Reporting for consolidation but do not manage chart of accounts assignments.
D. General ledger account
* Incorrect : The general ledger account is a specific account within the chart of accounts. The group chart of accounts is assigned at a higher level (i.e., to the operating chart of accounts) and not directly to individual G/L accounts.
* Reference : G/L accounts are part of the chart of accounts structure but do not control the assignment of the group chart of accounts.
Key References to SAP S/4HANA Documentation:
* SAP S/4HANA Finance for Chart of Accounts Configuration : Explains the relationship between the operating chart of accounts and the group chart of accounts.
* SAP Help Portal - Group Chart of Accounts : Provides detailed guidance on assigning the group chart of accounts to the operating chart of accounts for consolidation purposes.
* Consolidation and Group Reporting : Highlights the role of the group chart of accounts in standardizing financial reporting across the corporate group.
* Chart of Accounts Integration : Describes how the operating and group charts of accounts work together to support both operational and consolidation reporting.
NEW QUESTION # 54
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