Which of the following is a technical year-end closing activity in SAP S/4HANA?

• A.Foreign currency valuation must be posted.
• B.Profit center carry-forward must be posted.
• C.Ledger balances must be carried forward
• D.Balance sheet adjustments must be posted.

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Financial Closing
"To use the SAP Financial Closing cockpit, which steps are required?
Note: There are 3 correct answers to this question"

• A.Create a template
• B.Define the person responsible for tasks
• C.Create task groups
• D.Release the task list
• E.Define task dependencies

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What is the purpose of the chart of depreciation?

• A.The chart of depreciation manages country-specific legal valuation of fixed assets
• B.The chart of depreciation is a reporting tool that structures your assets for hierarchical reporting.
• C.The chart of depreciation defines the asset classes for which you can create fixed assets
• D.The chart of depreciation substitutes the operational chart of accounts in asset-related postings.

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General Ledger Accounting
"What items are NOT cleared by the automatic clearing program?
Note: There are 3 correct answers to this question."

• A.Items with sales and use tax
• B.Items with withholding tax
• C.Statistical postings
• D.Noted items
• E.Items with value-added tax

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What is the purpose of period interval 3 when you define open and closed periods?

• A.Authorization control for posting periods
• B.Posting to special purpose ledger
• C.Posting to special periods
• D.Posting from CO to Fl

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