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SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting Sample Questions (Q69-Q74):

NEW QUESTION # 69
You perform foreign currency valuation for open items of your supplier accounts. The valuations will be used only for period end reporting and should then be reversed.
What account does the system use to post the valuation differences?

A. Adjustment G/L account for foreign currency
B. Alternative reconciliation G/L account
C. Supplier reconciliation G/L account
D. Individual supplier accounts with special G/L indicator

Answer: A

Explanation:
In SAP S/4HANA, foreign currency valuation is performed to revalue open items in supplier accounts at the end of a period. Since the valuations are intended only for period-end reporting and will be reversed, the system uses a specific G/L account to post the valuation differences. Let's analyze each option to determine the correct answer.
Explanation of Each Option:
B. Adjustment G/L account for foreign currency
* Correct : The adjustment G/L account for foreign currency is specifically designed to record valuation differences resulting from foreign currency revaluation. This account is used to post unrealized gains or losses due to exchange rate fluctuations. Since the valuation is temporary and will be reversed, the adjustment account ensures that the supplier reconciliation account remains unaffected.
* Reference : According to SAP documentation, the adjustment G/L account for foreign currency is the standard account used for posting valuation differences during foreign currency revaluation.
A. Individual supplier accounts with special G/L indicator
* Incorrect : Supplier accounts with a special G/L indicator (e.g., down payments or guarantees) are not used for posting foreign currency valuation differences. These accounts are reserved for specific types of transactions and do not serve the purpose of recording temporary valuation adjustments.
* Reference : Special G/L indicators are used for unique accounting treatments but are not relevant for foreign currency valuation postings.
C. Alternative reconciliation G/L account
* Incorrect : The alternative reconciliation G/L account is an optional account used for specific reconciliation purposes, such as alternative account assignments. It is not used for posting foreign currency valuation differences. The primary reconciliation account for suppliers remains unchanged during the valuation process.
* Reference : Alternative reconciliation accounts are not involved in foreign currency valuation postings.
D. Supplier reconciliation G/L account
* Incorrect : The supplier reconciliation G/L account is the main account used to reconcile supplier transactions. However, during foreign currency valuation, the system does not post directly to this account to avoid altering the actual balance of the supplier account. Instead, the valuation differences are posted to the adjustment G/L account.
* Reference : The reconciliation account is updated only during actual transactions, not during temporary adjustments like foreign currency valuation.
Key References to SAP S/4HANA Documentation:
* SAP S/4HANA Finance for Foreign Currency Valuation : Explains the role of the adjustment G/L account in posting valuation differences for open items.
* SAP Help Portal - Foreign Currency Revaluation : Provides detailed guidance on configuring and executing foreign currency valuation, including the use of adjustment accounts.
* Reconciliation Accounts in SAP S/4HANA : Highlights the distinction between reconciliation accounts and adjustment accounts for foreign currency postings.
* Period-End Closing Activities : Describes how foreign currency valuation is performed and reversed as part of period-end reporting.

NEW QUESTION # 70
Your organization has heard about SAP Intercompany Matching and Reconciliation (ICMR) and is wondering whether it could address their needs.
For which purposes can ICMR be useful? Note: There are 2 correct answers to this question.

A. To trigger elimination of intercompany revenues & costs based on rules configured
B. To generate automatic posting to correct intercompany discrepancy
C. To highlight and solve intercompany data discrepancy triggering a workflow
D. To generate automatic elimination of intercompany AR/AP balances

Answer: A,B

NEW QUESTION # 71
What does the fiscal year variant define? Note: There are 2 correct answers to this question.

A. The start and end date of posting periods
B. The authorization to post to special periods
C. The number of posting periods
D. The posting periods open for posting

Answer: A,C

NEW QUESTION # 72
What is the role of the valuation method in the foreign currency valuation? Note: There are 3 correct answers to this question.

A. Define the posting and reversal date for the valuation posting
B. Define the document type for the valuation posting
C. Determine the G/L accounts for the valuation posting
D. Determine the exchange rate type
E. Define the valuation procedure

Answer: C,D,E

NEW QUESTION # 73
What do you configure for regrouping receivables and payables?

A. Sort Method
B. Provision Method
C. Calculation Method
D. Valuation Method

Answer: D

Explanation:
In SAP S/4HANA, regrouping receivables and payables is a process used during period-end closing to ensure that open items are correctly grouped and valued for accurate financial reporting. This process involves configuring the valuation method , which determines how receivables and payables are reassessed and adjusted based on criteria such as aging or risk. Let's analyze each option to determine the correct answer.
Explanation of Each Option:
C. Valuation Method
* Correct : The valuation method is configured to define how receivables and payables are regrouped and valued during the period-end closing process. This includes determining the rules for reclassifying open items (e.g., overdue receivables or payables) and calculating provisions for bad debts. The valuation method ensures compliance with accounting standards and accurate financial reporting.
* Reference : According to SAP documentation, the valuation method is a key configuration element for regrouping receivables and payables, ensuring proper adjustments are made to reflect their current value.
A. Provision Method
* Incorrect : The provision method is used to calculate provisions for doubtful receivables (e.g., bad debt provisions). While it is related to receivables management, it is not directly involved in the regrouping of receivables and payables. Instead, it focuses on estimating potential losses from uncollectible accounts.
* Reference : Provision methods are specific to creating reserves for bad debts and do not govern the regrouping process.
B. Calculation Method
* Incorrect : The calculation method refers to how specific values (e.g., interest, discounts, or taxes) are computed in financial transactions. It is not relevant to the regrouping of receivables and payables, which focuses on reclassification and valuation rather than calculations.
* Reference : Calculation methods are used in other contexts, such as pricing or accruals, but are not part of the regrouping configuration.
D. Sort Method
* Incorrect : The sort method determines how data is sorted in reports or lists, such as sorting open items by due date or amount. While sorting is useful for organizing data, it does not influence the regrouping of receivables and payables during period-end closing.
* Reference : Sorting is a display-related feature and does not impact the valuation or reclassification of open items.
Key References to SAP Documentation:
* SAP S/4HANA Finance for Accounts Receivable and Payable : Explains the regrouping process and the role of the valuation method in reclassifying open items.
* SAP Help Portal - Regrouping Receivables and Payables : Provides detailed guidance on configuring the valuation method for period-end closing.
* Valuation of Open Items in SAP S/4HANA : Highlights how the valuation method ensures accurate reporting of receivables and payables.
* Period-End Closing Activities : Describes the steps involved in regrouping and valuing open items during the financial closing process.

NEW QUESTION # 74
......

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