SAP Simple Finance – Associate Certification

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SAP Simple Finance – Associate Certification Exam Questions with Answers & Explanations -Online Quiz

SAP Simple Finance – Associate Certification Exam Questions

These questions are similar to the ones asked in the actual Test.

How should I know?  I know, because although I got my SAP Simple Finance – Associate Certification five years back, I have re-certified with the latest version of the certification test.

Before you start here are some Key features of the SAP Simple Finance – Associate Certification Exam

– The exam is Computer based and you have three Hours to answer 80 Questions.

– The Questions are (mostly) multiple choice type and there is NO penalty for an incorrect answer.

– Some of the Questions have more than one correct answers. You must get ALL the options correct for you to be awarded points.

– The Official Pass percentage is 65% (But this can vary). You will be told the exact passing percentage before your begin your test.

Sample Questions

 1. You can call the splitting rules directly with which of the following transaction code?

 Please choose the correct answer.

a. GSP_ SR

b. GSP_ RS

c. GSP_ DR

d. GSP_ RD

Answer: d

Explanation:

You display the document splitting rules in Customizing for Financial Accounting (New) under General Ledger Accounting (New) – Business Transactions – Document Splitting – Extended Document Splitting – Define Document Splitting Rule.

Call the splitting rules directly with transaction code GSP_ RD.

2. Almost all the required document splitting rules are included in which of the following SAP standard document splitting method?

Please choose the correct answer.

a. 0000000010

b. 0000000011

c. 0000000012

d. 0000000013

Answer: c

Explanation:

Document Splitting Information: To be able to post an IR for a purchase order with more than one item and different characteristics (multiple account assignments), the document type for the IR, for example the RE (gross invoice receipt) document type, should be assigned to the document splitting rule 0300/0002.

Business transaction variant 0002 [Invoice Receipt (MIRO) with retention] for business transaction 0300 (vendor invoice) is delivered for document splitting method 0000000012 for that purpose.

You activate document splitting for new General Ledger Accounting in Customizing for Financial Accounting (New) under General Ledger Accounting (New) – Business Transactions – Document Splitting -Activate Document Splitting.

The standard splitting method 0000000012 is supplied by SAP and must be copied (for example, Z000000012).

3. Which of the following statements are true?

Note: There are more than one correct answers to this question.

a. It is sufficient to activate the function (post-capitalization of cash discount to asset) before entering the payment.

b. The “post-capitalization of cash discount to asset” is only possible if document splitting is active.

c. The “post-capitalization of cash discount to asset” only works if the function is already configured when the invoice is entered.

d. The Segment characteristic can be reconciled with transaction KALC.

Answer: b, c

 Explanation:

The system behavior in the classic General Ledger Accounting is as follows:

  • In the reverse case (also up to and including release 4.7), the asset value is only corrected in a second step, with program SAPF181.
  • An account assignment of the Profit Center characteristic is not possible during payment.
  • In the case of a unique account assignment in the asset invoice, the Business Area characteristic was transferred to the payment, at least to the bank, cash discount, and vendor line items.
  • For non-singular account assignment for asset invoice, no characteristic account assignment is possible for business areas.

Define the post-capitalization of cash discount to asset in Customizing for Financial Accounting (New) under General Ledger Accounting (New) → Business Transactions → Document Splitting → Define Post-Capitalization of Cash Discount to Assets.

The “post-capitalization of cash discount to asset” is only possible if document splitting is active. You do not necessarily have to define splitting characteristics.

The “post-capitalization of cash discount to asset” only works if the function is already configured when the invoice is entered. It is not sufficient to activate the function before entering the payment.

Transaction KALC is no longer available in the standard system after new General Ledger Accounting is activated; an information message points out the new real-time integration between CO and FI. The Segment characteristic cannot be reconciled with transaction KALC.

4. The activation of the real-time CO-FI integration affects changes to characteristics in which of the following transactions?

Note: There are more than one correct answers to this question.

a. Periodic allocations, such as assessment, distribution, and transfer posting

b. Automated transfer postings to CO

c. Activity allocations

d. Settlement from orders or projects

Answer: a, c, d

Explanation:

Real-time integration from FI to CO is available in an SAP system.

Previously, real-time integration in the opposite direction, from CO to FI, was not possible.

The activation of the real-time CO-FI integration affects changes to characteristics in the following transactions:

  • Periodic allocations, such as assessment, distribution, and transfer posting
  • Manual transfer postings to CO
  • Activity allocations
  • Settlement from orders or projects

CO reconciliation with FI has always required a conciliation ledger, which is maintained in Cost Element Accounting. Periodic program runs carry out summary reconciliation postings for each cost element/expense account.

5. Which of the following statements are true regarding Real-time integration of CO with FI?

Note: There are more than one correct answers to this question.

a. You can navigate from the CO document to the FI (reconciliation) document generated in real time, but vice versa is not possible.

b. If the CO activity does not change any FI characteristics, then no FI follow-on document is created when you are working with checkboxes.

c. You can activate the trace in the real-time integration variant in Customizing.

d. If the trace was active during a relevant CO posting, you can analyze the real-time integration data again at any time.

Answer: b, c, d

Explanation:

You can activate the trace in the real-time integration variant in Customizing. In this case, it is always active for all users. You cannot then deactivate it in the application. Depending on the company, this can result in a large and perhaps an undesired number of log entries, which can be deleted regularly but are usually not required for evaluation.

This is because if the trace is not activated in the real-time integration variant, you can still activate and deactivate it for a specific user at any time. Use transaction FAGLCOFITRACEADMIN.

If the CO activity does not change any FI characteristics (for example: no change to the company code or the segment), then no FI follow-on document is created when you are working with checkboxes. However, if the trace is activated, a log entry is created.

You can navigate from the CO document to the FI (reconciliation) document generated in real time, and vice versa. This guarantees the traceability of accounting documents.

This bidirectional navigation between documents is possible because real-time CO-FI integration creates an FI follow-on document for each activity and not only a totals posting at the end of the month.

6. You can compare data of new General Ledger Accounting with CO, using which of the following transaction?

Please choose the correct answer.

a. FAGLCOMC

b. FAGLCOCM

c. FAGLCOCR

d. FAGLCORC

Answer: d

Explanation:

You can compare data of new General Ledger Accounting with CO. using transaction FAGLCORC.

7. You must partition Universal Journal Entry Line Items Table ACDOCA only if you expect how many of the following records?

Please choose the correct answer.

a. More than 50 million

b. More than 100 million

c. More than 200 million

d. More than 500 million

Answer: d

Explanation:

Universal Journal Entry:

  • The new journal entry consists of a header (table BKPF) and the respective items (table ACDOCA)
    • There are rare cases, where entries in ACDOCA are written without a respective document header (e.g. carry forward, corrections in migration). These entries do not represent standard business processes.
    • The corresponding line items have ‘artificial document numbers’ beginning with letters (e.g. ‘A’).
  • ACDOCA table contains all fields needed for GIL, CO, AA, ML, and PA

IMG Activity: Partitioning of Universal Journal Entry Line Items Table

Simple Finance for table ACDOCA determined by a test migration:

“Partition ACDOCA only if you expect more than 500 million records

You must partition the table if you expect to reach 2 billion records

SAP recommends 300 million to 500 million records as an optimum partition size”

8. Which of the following statements are true regarding Fixed Asset Accounting based on Universal Journal?

Note: There are 2 correct answers to this question.

a. Redundancy in data storage exists

b. Even after migration, reporting for previous fiscal years is possible due to compatibility views

c. Reconciliation-step in financial close is needed

d. All non-statistical items are updated as Universal Journal Entries

Answer: b, d

Explanation:

Fixed Asset Accounting based on Universal Journal:

  • No redundancy in data storage
  • Reconciliation between G/L and AA is ensured by design
    • No reconciliation-step in financial Close needed anymore.
    • All non-statistical items are updated as Universal Journal Entries.
  • Even after migration, reporting for previous fiscal years is possible due to compatibility views.
  • Transparent assignment of depreciation area to accounting principle
  • Depreciation posted with all details: Accumulated depreciation and depreciation cost by asset

9. Which of the following statements are true regarding Universal Journal in Simple Finance?

Note: There are 2 correct answers to this question.

a. Reporting across different applications is not completely possible

b. Allows new reporting options connecting legal aspects, responsibilities and market view

c. Harmonization of internal and external accounting

d. Increases reconciliation effort and doesn’t help to achieve the full capabilities of account-based CO-PA

Answer: b, c

Explanation:

Innovations and benefits of the Universal Journal in Simple Finance:

  • Harmonization of internal and external accounting (FI, Asset Accounting, Controlling, Material Ledger and account based CO-PA)
  • All reporting run from a single set of data on the line item level providing a single point of truth for Financials. Hana Views on-the-Fly. No more materialized aggregates and indices.
  • Reporting across different applications is now possible
  • Allows new reporting options connecting legal aspects, responsibilities and market view
  • The new concept reduces reconciliation effort and helps to achieve the full capabilities of account-based CO-PA

10. Which of the following program needs to be executed to add fields to the table ACDOCA Universal Journal Entry Line Items?

Please choose the correct answer.

a. FCO_ADD_LINE_ITEM_TO_ACDOCA

b. FCO_ADD_LINE_FIELD_TO_ACDOCA

c. FCO_ADD_COPA_ITEM_TO_ACDOCA

d. FCO_ADD_COPA_FIELD_TO_ACDOCA

Answer: d 

Explanation:

IMG Activity: Maintain Operating Concern:

  • Definition and activation of account-based CO-PA is recommended.
  • Revenue postings and cost of goods sold postings are updated under the relevant account and assigned to the correct market segment characteristics.
  • Execute program FCO_ADD_COPA_FIELD_TO_ACDOCA to add fields to the new table ACDOCA Universal Journal Entry Line Items. It has to be executed in the background.
  • When the program has been executed without errors, generate the client independent environment for the operating concern.

11. Which of the following ledgers are stored in the universal journal – same as “normal” ledgers?

Please choose the correct answer.

a. Adjunct ledgers

b. Appendix ledgers

c. Taxable ledgers

d. Buffer ledgers

Answer: b

Explanation:

Appendix Ledger – Use Cases:

  • An appendix ledger stores delta values and points to another ledger – thus providing a flexible mechanism for adjustments and reporting.
  • An important use case are management views on top of legal data.
  • Besides creating a master record, appendix ledgers need no additional configuration.
  • Reporting on the appendix ledger always includes the data of the base ledger.
  • Multiple appendix ledgers can point to the same base ledger.
  • Appendix ledgers can be stacked – pointing to another appendix ledger instead of a base ledger
  • Benefit of reduced data footprint
  • Benefit of reduced reconciliation as only (manual) delta postings are maintained in the appendix ledger.
  • Appendix ledgers are stored in the universal journal – same as for “normal” ledgers.

12. Which of the following statements are true regarding Inventory Accounting and the Universal Journal?

Note: There are 2 correct answers to this question.

a. Classic Material Valuation provides balances per inventory account in company code currency – these values are now included in the universal journal

b. The Material Ledger provides balances per inventory account in multiple currencies – these values are now included in the universal journal

c. The Material Ledger provides options to perform multilevel actual costing – this is in scope for the Universal Journal

d. The Material Ledger provides options to perform planned costing – this is in scope for the Universal Journal

Answer: a, b

Explanation:

Inventory Accounting and the Universal Journal:

  • Classic Material Valuation provides balances per inventory account in company code currency – these values are now included in the universal journal
  • The Material Ledger provides balances per inventory account in multiple currencies – these values are now included in the universal journal
  • Material Ledger also provides options to perform multilevel actual costing. This will be performed using a costing run as before (not in scope for the Universal Journal).

12. The Universal Journal ledgers have own master records. Which of the following master record key is technically compatible with the FI-SL/New G/L ledger key (T881-RLDNR)?

Please choose the correct answer.

a. FINUNIV_LEDGER-RLDNR

b. FINUJE_LEDGER-RLDNR

c. FINUJL_LEDGER-RLDNR

d. FINSC_LEDGER-RLDNR

Answer: d

Explanation:

The new and the old Ledger master:

  • The Universal Journal ledgers have own master records
  • The new master record key FINSC_LEDGER-RLDNR is technically compatible with the FI-SL/New G/L ledger key (T881-RLDNR)
  • The FI-SL technology is used in a lot of components (FI-SL, EC-PCA, New G/L, Public Sector etc.).
  • Parts of this technology has been enabled for the Universal Journal ledgers. Both “worlds” can be mapped e.g. via the function modules G_GET_LEDGER_INFO and G_GET_ORGANIZATIONAL_DATA. The modules have a compatibility mode that might help customers to leverage their own code for Universal Journal ledgers.

14. Universal Journal has how many line item table(s) with full details for all components?

Please choose the correct answer.

a. 1

b. 2

c. 3

d. 4

Answer: a

Explanation:

New Architecture – Universal Journal as the Single Source:

  • One line item table with full detail for all components. Data stored only once, so no reconciliation needed by architecture.
  • Fast multi-dimensional reporting on the Universal Journal possible without replicating data to BI. If BI is in place, one single BI extractor is needed.
  • Reduction of memory footprint through elimination of redundancy.
  • Technical preparation done to enhance important structural capabilities of the Financials solution (e.g. multi-GAAP, additional currencies)

15. In the Migration project preparation phase, the system activities are which of the following?

Note: There are more than one correct answers to this question.

a. Migrate house bank accounts

b. Perform period-end closing activities and financial reporting

c. Close posting periods

d. If using Data Aging, create cold partitions for the backup tables of the indexes

e. Run reconciliation reports to ensure consistent data

Answer: b, c, e

Explanation:

Overview Migration Project Preparation Phase:

In the project preparation phase, the system activities are the following:

  • Perform period-end closing activities and financial reporting
  • Run reconciliation reports to ensure consistent data
  • Pre-checks, if Simple Finance can be installed on current system setup via note 2129306 Check Customizing Settings Prior to Upgrade to Simple Finance
  • Run special check report for FI-AA installed via note 1939592
  • Close posting periods
  • Execute and save financial reports to allow comparison of financial KPI ‘s after migration

More Questions? Have a look at:

SAP Simple Finance – Associate Certification Exam Questions with Answers & Explanations