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SAP Certified Associate - Implementation Consultant - SAP S/4HANA Cloud Public Edition, Financial Accounting Sample Questions (Q12-Q17):

NEW QUESTION # 12
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 for each transaction
C. In foreign currency, with no need for conversion.
D. in local currency, with the exchange rate valid on the last day of the period

Answer: D

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 # 13
Which of the following analyses can you create from the Manage KPis and Reports app? Note: There are 3 correct answers to this question

A. Object Views
B. Lumira Dashboards
C. Multidimensional Reports
D. SAC Stories
E. Review Booklets

Answer: A,C,D

Explanation:
From the 'Manage KPIs and Reports' app in SAP S/4HANA Cloud Public Edition, you can create analyses such as: A. SAC (SAP Analytics Cloud) Stories: These provide interactive visualizations and analytics capabilities, allowing for the creation of narrative and data-driven stories. B. Multidimensional Reports: These reports offer insights into business data from multiple perspectives and dimensions, enabling complex analyses. E. Object Views: These are specific views configured to display data related to a particular business object or process, allowing for targeted analysis and reporting.
References:
SAP S/4HANA Cloud analytics and reporting documentation
SAP Analytics Cloud user guides and best practices

NEW QUESTION # 14
You need to produce additional financial statements according to Local GAAP requirements. Which dimension do you use in reporting?

A. Functional area
B. Profit center group
C. Journal entry type
D. Ledger group

Answer: D

Explanation:
To produce additional financial statements according to Local GAAP (Generally Accepted Accounting Principles) requirements in SAP S/4HANA Cloud Public Edition, you would use the 'Ledger Group' dimension in reporting. The ledger group allows for the maintenance of different ledgers that can represent various accounting principles, such as local GAAP, IFRS, or US GAAP. By using different ledger groups, you can segregate transactions and run reports that comply with different accounting standards, thereby facilitating the creation of financial statements according to specific regulatory requirements.
References:
SAP S/4HANA Cloud Financials documentation
SAP Help Portal on financial reporting and ledger management

NEW QUESTION # 15
What tools enable non-developers to create low/no-code extensions? Note: There are 2 correct answers to this question

A. SAP Business Application Studio
B. SAP Cloud SDK
C. SAP Fiori extensibility apps
D. SAP Build

Answer: C,D

Explanation:
SAP Build and SAP Fiori extensibility apps are tools that enable non-developers to create low/no-code extensions within the SAP ecosystem. SAP Build offers a suite of tools that allow users to design, prototype, and deploy applications without deep technical knowledge, embracing a low-code approach. SAP Fiori extensibility apps provide a user-friendly interface to adapt and enhance existing SAP Fiori apps to meet specific business needs, enabling key users to modify app behaviors, add new fields, or change layouts without requiring traditional development skills.
References:
SAP Build platform overview
SAP Fiori extensibility documentation

NEW QUESTION # 16
Based on the SAP Activate methodology, which activities must you perform in the Explore phase? Note: There are 2 correct answers to this question

A. Conduct the Fit-to-Standard analysis to gather configuration values
B. Use the Test system to demonstrate SAP Best Practice processes.
C. Define the organizational structure and chart of accounts
D. Conduct the Digital Discovery Assessment to identify extension requirements.

Answer: A,C

Explanation:
In the Explore phase of the SAP Activate methodology for implementing SAP S/4HANA Cloud Public Edition, two crucial activities include defining the organizational structure and chart of accounts, and conducting the Fit-to-Standard analysis to gather configuration values. Defining the organizational structure and chart of accounts is essential for tailoring the SAP system to the specific business and reporting needs of the organization. The Fit-to-Standard analysis involves reviewing SAP Best Practices and standard functionalities against the business processes to identify necessary configurations and potential gaps, ensuring that the SAP solution aligns closely with the business requirements.
References:
SAP Activate Methodology Guide
SAP S/4HANA Cloud setup and configuration documentation

NEW QUESTION # 17
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