SAP S/4HANA Financial Accounting Certification Guide: Application Associate Exam

... Preface ... 15

... Target Audience ... 15

... Structure of This Book ... 15

... Practice Questions ... 18

... Summary ... 18

... Introduction: The Path to Certification ... 19

... Who This Book Is For ... 20

... Certifications for SAP Financials in SAP S/4HANA ... 21

... SAP Training and Adoption Courses ... 27

... Ways to Learn ... 29

... Advice for Taking the Certification Exam ... 32

... Additional Learning Resources ... 36

... Summary ... 43

1 ... Overview and Deployment of SAP S/4HANA ... 45

1.1 ... Objectives of This Portion of the Test ... 46

1.2 ... Digital Transformation ... 47

1.3 ... Intelligent Enterprise Framework ... 47

1.4 ... SAP S/4HANA ... 50

1.5 ... SAP Fiori User Interface ... 54

1.6 ... Important Terminology ... 66

1.7 ... Practice Questions ... 67

1.8 ... Practice Question Answers and Explanations ... 71

1.9 ... Test Takeaway ... 73

1.10 ... Summary ... 74

2 ... General Ledger Accounting ... 75

2.1 ... Objectives of This Portion of the Test ... 76

2.2 ... Organizational Units ... 77

2.3 ... Integration with Non-Financial Accounting Organizational Units ... 89

2.4 ... Master Records ... 92

2.5 ... Global Financial Accounting Configuration ... 104

2.6 ... Business Transactions in the General Ledger ... 133

2.7 ... Important Terminology ... 144

2.8 ... Practice Questions ... 146

2.9 ... Practice Question Answers and Explanations ... 153

2.10 ... Test Takeaway ... 159

2.11 ... Summary ... 159

3 ... Accounts Payable and Accounts Receivable ... 161

3.1 ... Objectives of This Portion of the Test ... 162

3.2 ... Business Partners ... 163

3.3 ... Payment Terms ... 182

3.4 ... Invoicing ... 188

3.5 ... Manual Payments ... 195

3.6 ... Automatic Payments ... 198

3.7 ... Dunning ... 215

3.8 ... Correspondence ... 227

3.9 ... Special General Ledger Accounting ... 230

3.10 ... Reporting ... 237

3.11 ... Important Terminology ... 241

3.12 ... Practice Questions ... 243

3.13 ... Practice Question Answers and Explanations ... 249

3.14 ... Test Takeaway ... 254

3.15 ... Summary ... 255

4 ... Asset Accounting ... 257

4.1 ... Objectives of This Portion of the Test ... 258

4.2 ... Fixed Asset Accounting ... 259

4.3 ... Chart of Depreciation ... 260

4.4 ... Depreciation Areas ... 261

4.5 ... Asset Class ... 264

4.6 ... Account Determination ... 266

4.7 ... Screen Layouts ... 268

4.8 ... User-Defined Fields ... 270

4.9 ... Asset Master Data ... 271

4.10 ... Integration with Plant Maintenance ... 272

4.11 ... Asset Transaction Types ... 273

4.12 ... Asset Acquisitions ... 274

4.13 ... Asset Retirements ... 282

4.14 ... Asset Transfers ... 285

4.15 ... Low-Value Assets ... 288

4.16 ... Assets Under Construction ... 289

4.17 ... Investment Support Measures ... 291

4.18 ... Asset Depreciation ... 293

4.19 ... Asset Year-End Process ... 297

4.20 ... Asset Reporting ... 299

4.21 ... Asset Legacy Data Transfer ... 304

4.22 ... Important Terminology ... 308

4.23 ... Practice Questions ... 310

4.24 ... Practice Question Answers and Explanations ... 314

4.25 ... Test Takeaway ... 318

4.26 ... Summary ... 319

5 ... Financial Closing ... 321

5.1 ... Objectives of This Portion of the Test ... 322

5.2 ... Financial Statement Version ... 323

5.3 ... General Ledger Closing ... 334

5.4 ... Accruals and Deferrals ... 340

5.5 ... Accruals Management ... 343

5.6 ... Closing Activities in Receivables and Payables ... 350

5.7 ... Closing Activities in Materials Management ... 361

5.8 ... SAP S/4HANA Financial Closing Cockpit ... 367

5.9 ... Methods for Intercompany Matching and Reconciliation ... 371

5.10 ... Important Terminology ... 373

5.11 ... Practice Questions ... 375

5.12 ... Practice Question Answers and Explanations ... 380

5.13 ... Test Takeaway ... 382

5.14 ... Summary ... 383

6 ... Organizational Assignments and Process Integration ... 385

6.1 ... Objectives of This Portion of the Test ... 387

6.2 ... Bank Account Management ... 387

6.3 ... Document Parking ... 392

6.4 ... Journal Entry Verification ... 402

6.5 ... Validations and Substitutions ... 407

6.6 ... Data Archiving ... 418

6.7 ... Data Aging ... 425

6.8 ... Important Terminology ... 429

6.9 ... Practice Questions ... 432

6.10 ... Practice Question Answers and Explanations ... 436

6.11 ... Test Takeaway ... 439

6.12 ... Summary ... 439

A ... The Author ... 441

... Index ... 443